December 2011
Playfair Increases Tungsten Resource at Grey River
December 29, 2011 by prospectingjournal · Leave a Comment
NEWS–ProspectingJournal.com–December 29, 2011 new resource estimate results in 16% increase in contained tungsten deposit open for expansion expansion comes at a time of strong tungsten prices Playfair Mining (“Playfair”) is pleased to announce the results of an updated independent mineral resource estimate on its 100% owned Grey River Tungsten Deposit located near the fishing village [...]
Endangered Elements: Tungsten Among China’s Potential Embargo List
December 21, 2011 by prospectingjournal · Leave a Comment
ANALYSIS – ProspectingJournal.com – It didn’t take long for the panic to set in, last year, when the Chinese government flexed its muscle by threatening the world’s Rare Earth Element (REE) supply. With 95% of REE supplies coming from China, that scare was indeed legitimate. But REEs aren’t the only elements with which China has [...]
Endeavour Mining And Adamus Resources Complete Merger
December 19, 2011 by prospectingjournal · Leave a Comment
NEWS–ProspectingJournal.com–Endeavour Mining Corporation (“Endeavour” or the “Corporation”) (TSX:EDV, ASX:EVR) and Adamus Resources Limited (“Adamus”) are pleased to announce the successful completion of the scheme of arrangement (“Merger”) by which Endeavour has acquired all of the issued ordinary shares of Adamus. As of today, and including the 129,340,958 shares issued as consideration under the Merger for [...]
Hilltown Plans Iron Ore Production Joint Venture in Brazil
December 19, 2011 by prospectingjournal · Leave a Comment
NEWS–ProspectingJournal.com–Hilltown Resources Inc. CNSX: HLT (“Hilltown”) is pleased to announce the signing of a Letter of Intent (LOI) between Hilltown and Mineracao Siderurgia Socoimex Ltda (“Socoimex”) to form a joint venture (the “Joint Venture”) for the purpose of financing mine development, construction and operation for the commercial production of iron ore at the Capanema Iron [...]
Uranium Mining Returns to Labrador: Moratorium Lifted
December 16, 2011 by prospectingjournal · Leave a Comment
COMMENTARY—ProspectingJournal.com—Uranium is, slowly, coming back onto the radar for Canadian miners. The recent tiff with Rio and Cameco over Hathor Exploration in Saskatchewan gave a much needed boost to market awareness, as has the continued circulation of news regarding China’s plans to increase nuclear capacity four-fold over the next decade. And with the now “normal” [...]
Tirex Resources Ltd. Joins OTCQX
December 16, 2011 by prospectingjournal · Leave a Comment
NEWS–ProspectingJournal.com– OTC Markets Group Inc. (OTCQX: OTCM), the financial information and technology services company that provides the world’s largest electronic marketplace for broker-dealers to trade unlisted stocks, announced that Tirex Resources Ltd. (OTCQX: TIRXF; TSX.V: TXX), a mineral exploration and development company, is now trading on the highest tier of the OTC market, OTCQX(r). Tirex Resources [...]
EastCoal board decides to go ahead with Menzhinsky buy
December 16, 2011 by prospectingjournal · Leave a Comment
NEWS–ProspectingJournal.com–Mr. John Byrne reports EASTCOAL INC.: ACQUISITION OF MENZHINSKY MINE, UKRAINE The directors of EastCoal Inc. have resolved to proceed with the acquisition of the Menzhinsky mine located in Ukraine, effective Jan. 1, 2012. The Mine is currently producing 6,000 tonnes per month of coking coal and plans are in hand to expand this to [...]
What Gold Supply Crunch?
December 15, 2011 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Louis James, Chief Metals & Mining Investment Strategist, Casey Research We have reported on changes in global gold demand, from booming investment demand in Asia to European and US debt concerns that have re-solidified gold’s long tenure as the ultimate safe-haven asset for turbulent times. In fact, with investment demand from private and institutional [...]
Gold Stocks: Still a Bargain
December 13, 2011 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Jeff Clark–Casey Research We’ve been saying since September that gold producers are undervalued, and here are some data that show just how extreme the undervaluation is. The following chart measures the stock prices of major and intermediate gold producers against their Net Asset Value, based on the daily price of gold. In the simplest [...]
The Forgotten Graveyard of Individual Rights . . . Beware EU Convergence
December 13, 2011 by prospectingjournal · Leave a Comment
GUEST COMMENTARY–Larry Myles–December 1st, 2011 Almost two years ago to the day, I began to write a report on what was foreseen as a monumental clash. I believe one would have to agree with me now that this clash between the evolution of a grand system of faceless, technocratic government and the people trying to [...]
Peru Gold Mine Protest Highlights Delicate Relationship
December 9, 2011 by prospectingjournal · Leave a Comment
COMMENTARY—ProspectingJournal.com—While the vast majority of us go about our daily lives unaware of the effects mining has on our well-being, a large slice of Peru is in lock-down. The Andean nation is, once again, at odds with the development of a mining giant, with the political powers pushing for the economic benefit of large-scale production, [...]
Blaming Euros, Don Cherry Style, for Gold Price Drop
December 8, 2011 by prospectingjournal · Leave a Comment
COMMENTARY – ProspectingJournal.com – With gold prices plummeting today, many North American gold bugs may start doing their best Don Cherry impersonations and blame Europeans for all of their woes. As the European Central Bank cut interest rates to 1% and increased money injections into European banks, gold prices slipped accordingly, as the ECB failed [...]
Ethos Capital Identifies Gold Soil Anomaly at Wolf Property, Yukon
December 8, 2011 by prospectingjournal · Leave a Comment
NEWS – ProspectingJournal.com – Vancouver, BC: Ethos Capital Corp. [ECC - TSX.V, ETHOF - OTCQX, 1ET - FSE] has discovered anomalous gold in soils covering a 7.5 square kilometer area at the Wolf Property, located west of Kaminak Gold Corporation‘s (“Kaminak”) Coffee discovery and the Company’s Mascot Creek gold discovery, western Yukon Territory, Canada. The Wolf [...]
North American Miners Receive Bump As European Union Summit Falters
December 7, 2011 by prospectingjournal · Leave a Comment
ANALYSIS – ProspectingJournal.com – At this week’s European Union summit, the reaction upon Germany’s rejecting further injections into the region’s current bailout were swift, as European stocks tumbled at the mere mention of holding back. This pull back plus recent North American downswings have left investors with a field of bargains to choose from in [...]
Orestone Begins Drilling On Captain Copper-Gold Porphyry Target
December 6, 2011 by prospectingjournal · Leave a Comment
NEWS–ProspectingJournal.com–Orestone Mining Corp. (TSX Venture Exchange–Symbol: ORS) is pleased to announce that the Company has commenced a core drilling program on the 100% owned Captain copper-gold porphyry project located 65 kilometers north of Fort St. James, British Columbia and approximately 30 kilometers south of the Mt. Milligan copper-gold deposit. The drill program will focus on [...]
EastCoal Inc.: Anthracite Market Strong and Growing
December 5, 2011 by prospectingjournal · Leave a Comment
NEWS–VANCOUVER, BRITISH COLUMBIA–The Directors of EastCoal Inc. (TSX VENTURE:ECX) (the “Company” or “EastCoal”) advise that the Company has received independent confirmation that there are ready, strong and growing domestic and international markets for future production of anthracitic coal products from the Verticalnaya coal mine now under development by EastCoal in Ukraine. EastCoal engaged MinAxis Pty [...]
Endeavour Mining Merger with Adamus Resources has Become Effective, Financial Restructuring Completed and Admission to ASX Trading
December 5, 2011 by prospectingjournal · Leave a Comment
NEWS–ProspectingJournal.com– Monaco, December 5, 2011 – Endeavour Mining Corporation (“Endeavour” or the “Corporation”) (TSX:EDV) is pleased to announce that the scheme of arrangement relating to the merger (“Merger”) between Endeavour and Adamus Resources Limited (“Adamus”) has become effective resulting in the creation of a growth focused West African gold production and exploration company. The management [...]
We’ve been down this path before
December 2, 2011 by prospectingjournal · Leave a Comment
GUEST EDITORIAL–By Frank Giustra, Special to The Vancouver Sun, December 1, 2011 ”As civilizations mature, they tend to make the same mistakes. We are in the middle of one of those mistakes right now.” “What has been will be again, what has been done will be done again; there is nothing new under the [...]
