Pretium Resources (PVG:TSX) released additional assay results from its Valley of the Kings bulk sample program as well as additional non-program exploration work.  Highlights include: Hole VU-168 which intersected 6.25m of 1,622g/t gold including 0.5m of 9,040g/t gold and 0.5m of 6,090g/t gold; and, Hole VU-182 intersected the Cleopatra vein and hit 8.04m of 714.8g/t… Continue Reading

Cameco Corp (CCO:TSX) provided an update on its Cigar Lake project located in northern Saskatchewan.  Cigar Lake is owned by Cameco (50% operator), AREVA (37.1%), Idemitsu Canada Resources (7.875%) and TEPCO Resources (5%).  Construction of the mine is currently at 97% however, while commissioning underground facilities, Cameco found more work that will delay jet boring… Continue Reading

Micro-cap African explorer, Legend Gold (LGN:TSXV) has closed the acquisition of several exploration assets in Mali from Endeavour Mining (EDV:TSX) and has also acquired a private Canadian exploration company called Corado Resources which has assets in the Congo.  Legend recently rolled back their shares 6:1, giving them a total share count of 13.4 million and… Continue Reading

Carpathian Gold (CPN:TSX) has closed its second tranche of a planned $16 million equity raise led by Cormark and Macquarie.  Surprisingly, the bought deal was fully subscribed to including the underwriter’s purchase of $3.4 million worth of stock which enabled the company to raise a total of over $19.4 million.  This is a good sign… Continue Reading

US hedge fund, Two Fish Management, is making a renewed call for the breakup of Barrick Gold (ABX:TSX).  The hedge fund, led by Mike Morris said “the market is essentially assigning a massive conglomerate discount to the company.”  Morris cannot see any compelling reason to own a worldwide conglomerate of gold mines.  Two Fish wrote… Continue Reading

North American Nickel (NAN:TSXV) has released assay results from its Imiak Hill project.  The company intersected 24.75m of near solid to solid sulphide mineralization averaging 35-40% total sulphides.  There were two intervals contained within hole MQ-13-028 which included 17.91m of 40-45% sulphide and 2.4m of 50-60% sulphide.  Hole MQ-13-028 which was the deepest of four… Continue Reading

Pilot Gold (PLG:TSX) is increasing its land position near its TV Tower project in Turkey.  The joint venture company, Orta Truva (60% Teck, 40% Pilot, which Pilot is earning into 60%) is acquiring 100% of the 20 square kilometer Karaayi project from Chesser Resources (CHZ:ASX).  Pilot is issuing 1.25 million PLG shares and paying US$300,000… Continue Reading

Cayden Resources (CYD:TSXV) announced results of its surface program at the El Barqueno project in Jalisco State, Mexico. The company has been doing a focused surface program in order to identify targets for a 5,000m drill campaign they anticipate starting next week.  Trench results at the Pena de Oro target area included 20m of 3.6g/t gold, 8m… Continue Reading

Midway Gold (MDW:TSX) released assays from their joint venture Spring Valley project in Nevada with operating partner Barrick Gold (ABX:TSX).  Barrick earned a 60% interest in the project in April and has exercised its option to earn in an additional 10% by spending $8 million.  Barrick funds 100% of the exploration and development through to… Continue Reading

The Belarusian/Russian potash conflict continues to deepen after the Belarusian government detained OAO Uralkali CEO Vladislav Baumgertner on Monday.  Russia has officially responded to the actions taken by Belarus by ordering Russian oil companies to cut oil exports to Belarus by one quarter.  Uralkali Chairman, Suleiman Kerimov, has been cited by Belarusian authorities as potentially… Continue Reading

Never again will investors hear the name Cream Minerals. The 45+ year old mineral exploration company is finally changing its name after its latest failed iteration. After being halted this morning, Cream announced a proposed name change to Agave Silver Corp., and a significant restructuring on the corporate level with a new board and share structure.… Continue Reading

McLeod-Williams zinc play, Full Metal Zinc (FZ:TSXV) announced that it intends to acquire the San Andres Silver Project in Durango, Mexico.  The project is brownfields and comes with a 300tpd mill and tailings facility, supposedly costing $6 million.  From 1890 to 1915, the property is said to have produced some 17 million ounces of silver. … Continue Reading

Barclays is strengthening its metals and mining team by adding two new co-heads. Paul Knight will join as vice chairman and co-head of the metals team based out of Toronto. Mr. Knight brings 18 years of experience at UBS. Michael Rawlinson will be based in London, UK and comes from Liberum, the boutique investment bank… Continue Reading

Africa Oil (AOI:TSXV) announced its second quarter results and an update on exploration and operations. The company expects to have a fourth Tullow Oil and Africa Oil JV rig drilled and tested on the 10BB and 13T Blocks in Kenya in October 2013. AOI has also secured a fifth rig for Block 9 in Kenya… Continue Reading

If the excitement in surrounding the Patterson Lake South discovery isn’t enough, the uranium sector got another boost after Uranerz Energy (URZ:TSX) announced a $10 million bought deal financing.  The underwriting was led by Uranerz supporter Haywood Securities and included Dundee and Cantor Fitzgerald.  The financing was priced at $1.17 per unit (only a slight… Continue Reading