Pretium Resources (PVG:TSX) announces it has entered into a $10 million financing with Liberty Mutual Insurance at a price of $9.35 per share.  The proceeds are to be used to advance the company’s impressive Brucejack project in British Columbia. Readers recall, Liberty Mutual invested $23.5 million into Dr. Mark O’Dea’s True Gold Mining (TGM:TSX).  It… Continue Reading

Andrew Swarthout’s Bear Creek Mining (BCM:TSXV) filed its responses to comments received from the Peruvian Ministry of Energy and Mines on its Corani Silver Project.  The comments were received for the Environmental and Social Impact Assessment which was submitted in December 2012.  The company is guiding a Q3/2013 approval of the license which would enable… Continue Reading

Much hyped Colorado Resources (CXO:TSXV) announced assay results from 9 additional holes at their North ROK property, located 15km northwest of Imperial Metals’ (III:TSX) Red Chris mine in British Columbia.  The company has struggled to find results that impress the markets like their discovery hole did with 242m of 0.63% copper and 0.85g/t gold.  Highlights of… Continue Reading

Billionaire promoter and resource developer, Robert Friedland to change name of Ivanplats (IVP:TSX) back to his favorite resource company name, Ivanhoe Mines.  The name change will take effect September 3, 2013 and will trade on the TSX under the symbol “IVN”. “The original Ivanhoe Mines and its predecessor company, Indochina Goldfields, earned international recognition and… Continue Reading

Pacific Potash (PP:TSXV) announced today that it intends to merge with Cowley Mining Plc to create the second largest landholder in the Amazonas potash basin, similar in size to Petrobras and Brazil Potash.  The two also intend to raise up to $12 million in equity (120 million units at $0.10 per unit).  Cowley owns strategic land… Continue Reading

Copper Mountain (CUM:TSX) announced it has entered into an option agreement with Westar Resources and Bearclaw Capital to earn up to 75% interest in the Axe property in British Columbia.  The Axe property is an advanced stage project with the potential to host a large copper porphyry.  Currently Westar and Bearclaw hold the property in… Continue Reading

Continental Gold (CNL:TSX) released assay results for six drill holes at their Buritica project, a high-grade underground development gold project in Antioquia, Colombia.  The assays came from CNL’s Veta Sur vein system in the La Estera zone.  The goal of the 2013-2014 drill campaign is to grow resources and convert much of the company’s 3.7… Continue Reading

OAO Uralkali CEO Vladislav Baumgertner is being detained in Belarus.  Baumgertner is also the Chairman of the Belarusian Potash Co (a trading venture set up by Russia’s Uralkali and Belaruskali and controlled 40% of global potash exports) and is accused of abusing his position after Uralkali shocked the markets by stating it would be quitting the… Continue Reading

Dr. Mark O’Dea’s True Gold Mining (TGM:TSX) continues to have drilling success at its Liguidi project in Burkina Faso and is being rewarded in the markets for it, with the stock up 15% at the time of writing.  The company released more assays from its current drill campaign which returned “widespread near-surface gold mineralization and expanded… Continue Reading

Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) released assays on five more holes at their PLS discovery in the Athabasca Basin, Saskatchewan.  The strike length of R390E zone has doubled since the 2013 winter program started to over 120m of strike.  The highlight of this batch of results was a 47m interval of mineralization including… Continue Reading

The garage sale is well underway over at Barrick (ABX:TSX).  The company has agreed to sell its Yilgarn South Assets in Australia to Gold Fields (GFI:US) for a $300 million.  The Yilgarn assets are comprised of three mines; the Granny Smith, Lawlers and Darlot mines which produced an aggregate of 452,000 ounces of gold at… Continue Reading

Serafino Iacono’s Gran Colombia Gold. (GCM:TSX) announced continued strong production out of its underground operations at Segovia and Marmato in Colombia. The company produced 9,441 ounces of gold and 10,784 ounce of silver in the month of July which brings year-to-date production to a total of 60,942 ounces of gold and 89,201 ounces of silver.… Continue Reading

Torex Gold (TXG:TSX) released the final batch of results from its Media Luna target at the Morelos Gold Project in the Guerrero Belt in Mexico.  The company expects to release a maiden resource by mid-September on the Media Luna zone.  Highlights of the final holes include 19.9m of 11.56 gold equivalent (8.17g/t gold, 24.53g/t silver and… Continue Reading

“Petroamerica Oil Corp. (TSXV:PTA) has released the results from its Las Maracas-10 development well, which tested under natural flow, light 29.8-degree API oil at an average rate of approximately 1,000 barrels of oil per day from the Gacheta formation. The Las Maracas-10 development well was specifically targeting attic oil in the main Gacheta reservoir, however,… Continue Reading

Dr. Mark O’Dea’s True Gold Mining (TGM:TSXV) continues to drill good heap leach gold intercepts and this morning announced assay results from a recent 9 hole campaign at the Watinoma zone of the Karma gold project in Burkina Faso.  The company twinned a couple previously drilled RC holes and encountered the same widths with improved… Continue Reading