After releasing initial results that extended the known strike length of mineralization at the Arrow target to 515 metres, NexGen (NXE:TSXV) released this morning the first assay result from their 2014 summer drill program which hit extremely high-grade uranium mineralization. In drill hole AR-14-15 at the Rook I project, two wide intervals of high-grade uranium were… Continue Reading
Just a week after the New York hedge-fund, Casablanca Capital, won its intense proxy fight over the $2.7 billion Cliffs Natural Resources (CLF:NYSE), another New York based fund has sent a warning to Madalena Energy’s management this morning. In a powerful yet to the point press release this morning, Joshua Silverman of Iroquois Capital Management, LLC… Continue Reading
After being halted in the morning, Belo Sun (BSX:TSX) which is developing the 7.2 million ounce Volta Grande gold project in Brazil announced that the Federal Court of Appeal in Brasilia ruled that the company’s preliminary licence is fully valid and in force. Shares are up 14% on 905,000 shares traded since resuming after the news this morning.… Continue Reading
Today, BNN Anchor Andrew Bell was joined by Roxgold’s President and CEO John Dorward (click image above to watch the interview) to discuss the Yaramoko project and some of the reasons his company’s shares are up nearly 100% year-to-date. We highlighted those reasons in an interview we did with Mr. Dorward a few weeks ago (Read: This Gold Developer Punches Above Its… Continue Reading
According to reports this morning, the world’s largest steel maker (ArcelorMittal) and the world’s largest mining company (Glencore Plc) are two of the parties interested in bidding for a piece of the Simandou iron-ore project in Guinea which is the biggest undeveloped iron-ore projects on the planet. The Simandou project has been somewhat of a ‘white buffalo’ and has… Continue Reading
Avanti Mining (AVT:TSX) has been a dog for the better part of four years with the share price collapsing from a high in 2010 of $0.37 to a low in April of $0.04 per share. After securing their mining permit and signing off with the First Nations groups in the area this past June, the company announced today… Continue Reading
After the markets closed today, Mason Graphite (LLG:TSXV), the company that is developing the Lac Gueret graphite project in Quebec announced the results of recent drilling and they are impressive. In hole LG-491 the company intersected 98 metres of 29.8% carbon as graphite (Cg) including an interval of 56 metres of 36.2% Cg with mineralization starting from surface.… Continue Reading
As we have mentioned in numerous articles on CEO.CA, the Canadian diamond exploration sector is piquing the interest of investors for the first time in many years. Today, Canadian business billionaire and legend James (Jimmy) Pattison of The Pattison Group ($8.1 billion in sales last year; everything from car dealerships to billboards to forest products) announced… Continue Reading
After Asanko Gold (AKG:TSX) recently announced that its Board of Directors approved the Phase I build of their gold mine in Ghana, the company released better than expected metallurgical test results from the satellite, Dynamite Hill, deposit. On July 17, Asanko announced that they got the green light to build Phase I of their Asanko Gold Project which… Continue Reading
Yesterday, Australian-listed MacPhersons Resources (no relation) announced that the mining-focused investment firm Orion Mine Finance which split off from Red Kite Mine Finance last year would be investing $6.5 million in the company. Orion’s team have been focused on loans and metal offtake agreements primarily. Since splitting from Red Kite, their largest deal was the… Continue Reading
Australian-listed copper developer, Avanco Resources (AVB:ASX), was first brought to my attention by Mr. Scherb of Appian Capital. He informed me of his firm’s investment in Avanco and since then I have watched it reorganize and work to close the necessary financing to develop its staged copper project in Brazil. Avanco is working to build a two-staged copper mine. The first stage,… Continue Reading
Colombia’s largest high-grade gold development project continues to expand with infill and exploratory diamond drilling. Ari Sussman’s Continental Gold (CNL:TSX), which is developing the Buritica project located 2 hours from beautiful Medellin, continues to have success with their 2014 infill drill program. The focus of the program is to increase the confidence of the Inferred gold resources and to move as… Continue Reading
The diamond sector has been ignored for over a decade, following a slew of major diamond discoveries in the last cycle including Ekati and Diavik which made prospectors and investors involved in those finds wildly wealthy. Today, the landscape is improving for diamond exploration, especially in the Canadian Arctic. However, there are still only a handful willing… Continue Reading
British Columbia is about to have a new gold mine. This morning, IDM Mining (IDM:TSXV) released the results of their updated preliminary economic assessment (PEA) on the high-grade Red Mountain gold project located in Rob McLeod’s (President and CEO of IDM) hometown of Stewart, BC. “The great thing about the news today is that it is a simple, high-grade, low capex… Continue Reading
Troy Eckard, CEO of Eckard Global, Carl Tricoli, co-founder and managing partner of Denham Capital Management, and Wil Vanloh, co-founder and chief executive of Quantum Energy Partners, participate in a panel discussion about deal-making in the energy industry and opportunities for private equity. At the following LINK you can see the panel discussion from the Bloomberg… Continue Reading
