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Proposed Private Placement Oversubscribed; Subscriptions Closed
May 23, 2013 by prospectingjournal · Leave a Comment
Golden Reign Resources Ltd. (the “Company” or “Golden Reign”)(TSX-V: GRR), is pleased to announce that it has received an overwhelming response to the non-brokered private placement unit offering announced yesterday, May 22, 2013. As a result, the private placement has been oversubscribed and the Company is not accepting any further subscriptions. A final tally is being [...]
Pistol Bay Options Summit B Property to Revolver Resources Inc.
May 22, 2013 by prospectingjournal · Leave a Comment
Pistol Bay Mining Inc. (TSX VENTURE:PST) announces that it has entered into an option agreement (the “Option Agreement”) dated May 17, 2013 (the “Effective Date”) with Revolver Resources Inc. (“Revolver”) whereby Revolver may earn a 60% interest in the Summit B property (the “Property”), located in northwestern British Columbia. Under terms of the Option Agreement, [...]
GOLDQUEST: DRILLING RESULTS AT LAS TRES PALMAS, DOMINICAN REPUBLIC. COMMENCES FIRST DRILLING AT GUAMA ANOMALY
May 16, 2013 by prospectingjournal · Leave a Comment
VANCOUVER, BRITISH COLUMBIA–(Marketwired – May 16, 2013) – GoldQuest Mining Corp. (TSX VENTURE:GQC)(FRANKFURT:M1W)(BERLIN:M1W) (“GoldQuest” or the “Company”) is pleased to announce assay results from three drill holes from the Romero mineralization, one from La Escandalosa and one in a previously undrilled area between Romero and La Escandalosa. All holes are located within the Company’s 100% [...]
Putin’s Power Play – How It Will Change the Uranium Sector
May 15, 2013 by prospectingjournal · Leave a Comment
Casey Research May 15, 2013 12:18pm The last time Vladimir Putin was president, he laid the foundation to pull Mother Russia from the wreck of economic chaos to a world power once again. This time, he’s ready to extend that influence to counter the West. His tools: Russia’s abundant resources of energy, including uranium. There’s [...]
Mandalay Resources Announces Results for the First Quarter of 2013 and Annual Dividend Policy of 6%
May 14, 2013 by prospectingjournal · Leave a Comment
TORONTO , May 14, 2013 /CNW/ – Mandalay Resources Corporation (“Mandalay” or the “Company”) (MND.TO) announced today revenues of $41.6 million and EBITDA of $19.8 million for the first quarter of 2013. The Company’s unaudited consolidated financial results for the three months ended March 31, 2013 , together with its Management’s Discussion and Analysis (“MD&A”) [...]
PolyMet Reports Completion Of Drafting of Preliminary EIS
May 13, 2013 by prospectingjournal · Leave a Comment
St. Paul, Minnesota, May 13, 2013 – PolyMet Mining Corp. (TSX: POM; NYSE MKT: PLM) (“PolyMet” or the “Company”) has been notified by the Minnesota Department of Natural Resources (“MDNR”) that ERM, the independent EIS Contractor, has completed drafting the preliminary supplemental draft Environmental Impact Statement (“EIS”) analyzing PolyMet’s 100%-owned copper-nickel-precious metals NorthMet project located [...]
Barkerville Gold Mines Ltd. Provides Technical Update On Cariboo Gold Project
May 13, 2013 by prospectingjournal · Leave a Comment
Vancouver, BC – Barkerville Gold Mines Ltd. (“Barkerville” or the “Company”) wishes to provide a report on the status of its proposed technical disclosure review response to the cease trade order (the “CTO”) issued by the British Columbia Securities Commission (the “BCSC”) as disclosed in the Company’s press release dated August 15, 2012. Technical Review [...]
Handicapping the Potential Successors to Ben Bernanke
May 6, 2013 by prospectingjournal · Leave a Comment
[Ed. note: This article originally appeared as a guest contribution in the "Midweek Matters" Casey Daily Dispatch.] A couple of days after the Fed announced Ben Bernanke would not attend the Jackson Hole summit, for the first time in twenty five years, the New York Times (on the first page, no less) ran an [...]
Initial Resource Estimate for Novo’s Beatons Creek Gold Project, Western Australia
May 2, 2013 by prospectingjournal · Leave a Comment
VANCOUVER, May 1, 2013 - Novo Resources Corp. (the “Company”) (CNSX: NVO; OTCQX: NSRPF) is pleased to announce the first ever National Instrument (NI) 43-101 compliant resource estimate for its Beatons Creek Gold Project, Western Australia. This resource estimate is based on 16,107 meters of reverse circulation (RC) drilling and 478 meters of diamond core drilling completed in 2011-12. [...]
Next to a Mt. (Milligan) of Gold: Junior Hits Mineralization
February 14, 2013 by prospectingjournal · Leave a Comment
ANALYSIS — ProspectingJournal.com— As investors at the recent World Resource Investment Conference in Vancouver looked to 2013 with hopeful eyes, many agreed that 2012 couldn’t be forgotten quickly enough. The ongoing debt crisis and stagnant world economy took its toll on exploration plays in 2012, with countless articles bemoaning the “cash-starved juniors” as a group [...]
Financial Strength Delivers Growth for Endeavour Mining
October 25, 2012 by prospectingjournal · Leave a Comment
ANALYSIS – ProspectingJournal.com – Cash flow, producing mines and fully funded: Endeavour Mining (TSX: EDV) is in an enviable position compared to many junior gold producers. Endeavour, who we’ve covered for some time now, has continued to dig deeper and impress us with their operational and financial results. This August and September was no exception, [...]
Hunting for Elephants in Manitoba
July 5, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—When hunting for elephants, you have to head to elephant country. This is exactly what’s on the minds of the junior, mid-tier and major miners who have taken root in Manitoba. The elephants they are looking for are Volcanogenic Massive Sulphide (VMS) deposits, which hold riches in the minerals of copper, zinc and lead. And [...]
Endeavour Digs Deeper, Brings Strong Gold Results from Youga
June 1, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—While the markets have been languishing, Endeavour Mining (TSX: EDV) has continued to forge ahead. Owning two gold mines that produce approximately 180,000 oz per year in Ghana and Burkina Faso, EDV is in the enviable position of generating positive cash flow while advancing exploration. The Company has thus developed a following among investors, as [...]
“Playfair = Tungsten = Opportunity”: Critical Exploration for A Critical Metal
May 15, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—Prospectingjournal.com—Tungsten is a hard, white metal with physical properties that are next to impossible to substitute. With the highest melting point and the greatest tensile strength of all elements, this “critical metal” is an essential component in a wide number of industries. It’s irreplaceable in mining equipment, where it reinforces the durability of drills. Armour-piercing [...]
Credence Copper Revival: Junior Teaches Old Arizona Mine New Tricks
April 30, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—Despite the effects of erratic markets, now driven by debt headlines and reports of cooling Chinese demand , copper is holding steady. The reason is simple: the commodity with the “PhD in Economics” plays an integral role as our wired society’s nervous system. One look at cu’s five-year spot price illustrates this resilience, not to [...]
Got Uranium? Looming Supply Crunch & Junior Activity Heat Up Athabasca
April 23, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—Lately, we’ve had the pleasure of witnessing a slow but steady revival of the uranium scene in the renowned Athabasca Basin. This revival followed Rio Tinto’s takeover of Hathor Exploration [HAT – TSX] and its Roughrider uranium project for $654 million. Shortly after, Stephen Harper reached a deal with China to significantly increase Canadian uranium [...]
Copper Projects Push Forward in Prolific Walker Lane Belt
April 11, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—Perhaps best known as the fault zone that could replace the San Andreas plate boundary if California slips into the Pacific, the Walker Lane Belt also hosts a whole lot of copper. Aligned with the California / Nevada border, the Walker Lane descends across the two states, incorporating the famed Death Valley along with myriad [...]
Orsu Metals Knocks on China’s Door: Develops Copper-Gold Projects in Central Asia
April 10, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—In the race for precious and base metals, miners are drawn to the riches of Central Asia. The region’s proximity to China, now the world’s largest copper and gold consumer is an exciting investment opportunity for companies looking to create substantial returns. Orsu Metals (OSU-TSX.V) is one of the best prospects in the region. The [...]
Junior Delivers Promising Results Near Historic Sullivan Mine
March 28, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—As one would expect during this period of instability, miners have become increasingly drawn towards the surroundings of past-producing mines. The allure of historic success and the possibility of discovering the same mineralization is, to many juniors, a safer bet than exploring fresh areas that are neither close to solid infrastructure nor well-known for riches. [...]
Goals Met, New Targets Set: Endeavour Mining Earns an A+ For 2011 Results
March 20, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—For West African gold producer Endeavour Mining [EDV – TSX], 2011 was significant. The year-end witnessed the “Merger of Equals” with Australia’s Adamus Resources Ltd and shortly after, Endeavour reported meeting 2011 gold production targets. With 2012 underway, projections for the price of gold place Endeavour in the spotlight, as has the Company’s latest press [...]
The Uranium Supply Crunch: Strong Demand Spurs Exploration in the Athabasca
March 1, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—Recently, we touched on the sizzling Canadian uranium scene after Rio Tinto threw its weight around Saskatchewan’s renowned Athabasca Basin via the takeover of Hathor Exploration [HAT – TSX] and its Roughrider uranium project for $654 million. This takeover has since fed into a continuous stream of good news for uranium investors, as Harper just [...]
Iron Ore, Brazil, & Vale: This Junior Has All Three
February 29, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—As Brazil powers through the global financial downturn, investors are eager to take advantage of its reputation as one of the world’s top iron ore producers. And of the country’s various geological hotspots, the renowned Iron Quadrilateral in the state of Minas Gerais is attracting an abundance of miners. Among the juniors with strategic projects [...]
Is 2012 the Next 1897? Juniors Prepare for Yukon Gold Rush
February 28, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—When it comes to gold mining, the Yukon needs little introduction. The westernmost territory’s frigid climate and unforgiving terrain hasn’t deterred prospectors, past and present. The end of the 19th century saw gold miners rush in on mere rumours of the yellow metal, which eventually lead to the renowned Klondike Gold Rush in 1897. Now, [...]
First the Jets, Now Mining: Manitoba on the Rebound
February 23, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—Manitoba, the inner province that most have never been to, is quickly becoming an emerging player in the mining world. While the general public associates the region with polar bears and frigid winters, the mining industry sees great profit. The province is home to 9 operating mines located in the prolific Thompson, Lynn Lake, Leaf [...]
Company Growth Feeds Human Growth: Junior Secures Key Phosphate Deposit in Brazil
February 22, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—Brazil, now the envy of debt-ridden nations, is scrambling to strengthen its control over domestic food production. This move became a matter of national security as the country saw 2008’s increased fertilizer prices threaten its agricultural sector. The result has been a flurry of activity from the domestic mining community and major tax incentives provided [...]
Coronet Metals Establishes Community Relations for Gold Mining in Peru
February 14, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—Local protestors have stalled Newmont Mining’s [NMC – TSX] $4.8 billion Minas Conga project in Peru over environmental concerns. Unfortunately, this is a situation that the international mining community is quite familiar with. Peru’s mining industry must constantly balance wealth-creation with community relations. This rapidly developing Andean nation derives 50% of its tax revenue from [...]
Enter to Win an Ounce of Silver!
February 10, 2012 by prospectingjournal · Leave a Comment
Sign up for Prospecting Journal’s Weekly Newsletter for your chance to win an ounce of silver! Just fill out the newsletter sign up below or click the mail icon on the side bar and enter your name and email! With all these fiat currencies filling our wallets, who doesn’t want a chance to own some [...]
Q&A with Bryan Slusarchuk, CEO of Tirex Resources Ltd.
February 8, 2012 by prospectingjournal · Leave a Comment
Q&A–ProspectingJournal.com–Bryan Slusarchuk, CEO of Tirex Resources [TXX - TSX.V] recently took the time to answer some of the Prospecting Journal’s questions on Albania, Tirex’s exploration and development activities, and the price of copper and gold. Q: Why Albania? When you think about copper and gold exporting countries, Albania isn’t the first one to jump to [...]
After the Merger: Endeavour Mining Meets 2011 Gold Production Targets
February 1, 2012 by prospectingjournal · Leave a Comment
ANALYSIS—ProspectingJournal.com—Shortly after announcing its “Merger of Equals” with Australia’s Adamus Resources, West African gold producer and explorer Endeavour Mining [EDV – TSX] has confirmed the value of this strategic partnership by meeting its 2011 production targets. As the recent release of Endeavour’s Q4 and 2011 gold production results show, the 2011 targets were well-calculated to [...]
Vancouver Cambridge Conference: No “Bull,” Just Reality
January 24, 2012 by prospectingjournal · Leave a Comment
COMMENTARY—ProspectingJournal.com—Another year, another Cambridge conference. Like the year before it, the 2012 Vancouver Resource Investment Conference presented investors, industry professionals and even job-searchers the opportunity to interact with key figures from the mining and investment community. Like last year, gold stole the show, though there was a strong showing from the mining sector as a [...]
