Error: A previous version of this article incorrectly stated the grade of silver as 659 g/t. It should have read 359 g/t. An interesting hit: Yesterday Orex Minerals (REX-V) said it intercepted 61 metres @ 359 g/t Ag, essentially starting from surface, and up to 3 metres at 2,271 g/t Ag on the Sandra Escobar… Continue Reading
The core shack at Roundup is where you find serious teams who are still funding exploration projects in a harsh market. It’s also one of the better places to talk shop on existing or emerging discoveries. Today, a few stories catch our eyes. Skeena Resources (SKE-V) This is a Ronald Netolitzky outfit exploring the Golden… Continue Reading
Kaminak Gold (KAM-V) bolsters its ranks with another ex-Stornoway hire, appointing Zara Boldt as CFO and corporate secretary today. Boldt has common history with Kaminak President and CEO Eira Thomas: she was the ex-CFO of Stornoway Diamonds (SWY-T) and Strongbow Exploration (SBW-V), where Thomas also held key positions. Thomas, who joined Kaminak in 2013, was… Continue Reading
CEO.ca – Long time silver-gold commentator David Morgan is trying to raise US$11 million to US$28 million to seed a new royalty company called Lemuria Royalties. A website is up and a term sheet out. The plan, according to the term sheet (US$1/unit with warrant at US$0.85), is to acquire royalty and streaming assets in the… Continue Reading
CEO.ca – Nautilus Minerals (NUS-T) enters a critical phase in its bid to become a seafloor metals miner. Earlier today Nautilus noted it would start testing a number of its seafloor mining tools in early 2016. The key thing to realize here is that these tools have never been used before. Indeed, this kind of seafloor… Continue Reading
Heavily promoted nickel explorer Equitas Resources (EQT-V) said today, after a nearly week-long trade halt, that it’s taking on a Brazilian gold project through a merger with privately held Alta Floresta Gold. After the deal is done it is to own 50% of the combined company. Three thoughts: 1. Awkward. I’ll guess I’m not alone… Continue Reading
Of course you don’t break out the Champagne bottle yet on the Lundin Gold ($LUG) deal to advance Fruta del Norte in concert with the Ecuadorian government. Simply put, Ecuador has yet to build much faith in treating the mining sector fairly. It’s fair to remain a sceptic. That said. Obviously Lundin Gold did something… Continue Reading
NORTHERN DYNASTY SAYS EPA INVESTIGATION WHITEWASHES ALLEGED MISCONDUCT Northern Dynasty (NDM-T) hit back against the U.S. Environmental Protection Agency (EPA) in its feud with the environmental regulator over Pebble project permitting. Late yesterday the EPA’s Office of the Inspector General (OIG) released a report clearing the EPA of misconduct in making a pre-emptive move to… Continue Reading
It sounds like there’s a strong fit in McEwen Mining’s new hire, Colin Sutherland. Recently the miner with operating gold-silver assets in Mexico and Argentina announced hiring a new president and CEO after a protracted search. This was after the departure of Ian Ball to Abitibi Resources almost two years ago now. I wanted to… Continue Reading
Earlier today I caught up with the President and CEO of MaRS Innovation (MI), Rafi Hofstein, as he takes in the JP Morgan annual biotech conference in San Francisco to talk about funding early stage tech start ups in Canada. MI, as not too many Canadian investors will know, is one of a few organizations… Continue Reading
Rubicon made deep cuts to resources at its Phoenix gold project and signaled the end to its ambitions to bring the deposit, which has seen near $1 billion in exploration and development spent on it, to production. A revised resource, updating a 2013 estimate, paints a dramatically different picture of the Phoenix project, in the… Continue Reading
CEO.ca – Like an over-excited Jack Russell chasing a rabbit, the scent of fresh core beckons and I scramble to learn what I can of new drilling programs. As is the game, most exploration programs come to naught. But some don’t. So it goes. Wag my tail. I don’t know if this will turn into a… Continue Reading
Drilling Los Helados. Source: NGEx CEO.ca – For the first time NGEx Resources pulled together the 60%-owned Jose Maria and Los Helados copper-gold deposits into a single mining scenario – now called the Constellation project – in a preliminary economic assessment. It’s big. NGEx, about 19.9% owned by the Lundin family trusts, had previously envisioned a… Continue Reading
The media has run with a recent note by Bank of America mining analysts arguing now is the time to raise billions – as much as $30 billion – through new equity to take over other distressed assets. The note garnered headlines like “BHP, Rio Tinto tipped to sell $30b of shares to fund asset buys.”… Continue Reading
I was curious to hear about Euromax Resources’ view of the road to final financing on the Ilovica copper-gold project in Macedonia, after the company released a no-big-surprises feasibility study this morning. London-based Steve Sharpe, president and CEO, answered his phone and after some wrangling with Skype’s poor quality, we chatted for 10 or so… Continue Reading
