Clive Johnson is a big, fast-talking ex-rugby player and one of Canada’s best gold mining executives. The 56-year-old has built back-to-back multi-billion-dollar gold companies. His latest, B2Gold Corp. (TSX:BTO), is one of the few gold producers to have delivered for investors over the past five years. Johnson’s contrarian instincts have served him well in a… Continue Reading
Micro cap zinc explorer, Messina Minerals (MMI:TSXV) agreed to be acquired by Canadian Zinc (CZN:TSXV) for shares. Messina shareholders will receive 1 shares of CZN for each 5.9 shares they hold of MMI which values MMI at around $0.115 per share. This equates to an approximate 190% premium to the last close of $0.04 per… Continue Reading
Western Copper and Gold Corp.’s Casino deposit in the Yukon contains 18 million ounces of gold and 10 billion pounds of copper. WRN CEO Dale Corman delivered 20 fold returns to investors between 2001-2006. Can he do it again? Western Copper and Gold Corp. has approved this story. Please read their Cautionary Statement. In a bear… Continue Reading
Cambridge House International, Canada’s junior mining advocates, are hosting the FREE Toronto Resource Investment Conference at the Sheraton Centre Hotel this Thursday and Friday (Details and Registration). Join financiers Ned Goodman of Dundee Corp., Eric Sprott of Sprott Inc., Frank Holmes of US Global Investors, along with newsletter writers including Keith Schaefer of the Oil and… Continue Reading
Back on March 20th, 2013, when Alpha Minerals was trading in the $4 range, I put a $15 price target on the company’s shares (source). With the announcement yesterday that Fission Uranium will be swallowing Alpha for roughly $7.67 per Alpha share my prediction has fallen short. Shares of the combined company could still double on a… Continue Reading
So long Alpha Minerals, you beautiful bastard! Read our past coverage of this tremendous discovery here. Just one week after public talks began to consolidate ownership of the PLS discovery, Alpha Minerals has agreed to sell itself to Fission Uranium for $7.67 per Alpha Share in a news release out this morning. Shareholders of Alpha will… Continue Reading
NexGen Energy (TSXV:NXE), an Athabasca Basin focused uranium exploration company, has closed a $5 million financing at a price of $.35 per unit (with a half warrant at $.55). The company intended to raise $1.8 million but interest surely sparked from the success at Fission Uranium and Alpha Minerals’ PLS discovery, immediately adjacent to NexGen’s… Continue Reading
It has been quite a year for Fission Uranium CEO Dev Rhandahwa. A year ago his stock wasn’t performing and he was getting beat up on the internet. Then, in classic mineral exploration fashion, Rhandawa’s fate changed. Lukas Lundin’s Denison Mines paid approx. $70m for Fission’s Eastern Athabasca Basin assets, leaving the spinout company to… 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
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
In the world before Brazilian billionaire, Eike Batista fell from grace, CB Gold (CBJ:TSXV) was a market favorite. Prior to Batista losing the vast majority of his wealth due, in part, to the commodity price decline as well as some unhealthy personal leverage, Colombian gold juniors had a bid. In February 2011, after a few… Continue Reading
By James Kwantes, World of Mining Rebalancing, Part 2: Signs of life (click here for part 1) In my last post, I detailed the positions that I’ve sold (Amerigo Resources, Sandstorm Gold/Metals & Energy) or dramatically reduced (Lumina Copper) in the past couple of months. This post takes a closer look at stocks I’ve purchased… Continue Reading
NexGen Energy (NXE:TSXV) has started a 3,000m drill program on their Rook I property which is located next door to Alpha/Fission’s PLS project (see recent drill results here). NexGen has already completed aerial VTEM and magnetics as well as ground gravity testing. The exploration team at NexGen, led by Andrew Browne, has already defined a… Continue Reading
Fission Uranium (FCU:TSXV) and Alpha Minerals (AMW:TSXV) announced this morning, after being halted late yesterday, that they had discovered a fourth mineralized zone at their Patterson Lake South Discovery. The fourth zone, R945E, is located 165m grid east of R780E zone and extends the total strike length of the PLS deposit to 1.05km. Hole PLS13-084 hit… Continue Reading
The best story in mineral exploration today is the PLS uranium discovery by Fission / Alpha, which has created a land rush in the Southwestern region of Northern Saskatchewan’s Athabasca Basin. Click here for a high res map by way of Rivador Consulting Ltd. Fission / Alpha continue to deliver outstanding market performance and are halted… Continue Reading
