Toronto-based Continental Gold (TSX:CNL) released a corporate update Thursday afternoon showing strong operating results for the year 2013, including 59,109 metres of drilling (adding to 215,300 metres for the project total), discovery of several new veins, four new precious metal-mineralized systems and – oh yeah – $117.5 million in hand with no debt to service. In… Continue Reading
John-Mark Staude’s Riverside Resources (TSXV:RRI) has one of the best business models in the mineral exploration business. His firm generates ideas and gets partners to pay for them. And unlike the dozens of groups that say they are in this line of business, Riverside actually does deals and moves the company forward on a regular… Continue Reading
Bitterroot Resources Ltd. (BTT, TSX-V) has closed a non-brokered private placement of 5,200,000 units priced at C$0.05 in a non-brokered private placement for gross proceeds of C$260,000. Each unit consists of one common share and one common share purchase warrant which is exercisable at C$0.10 until March 4, 2015. The common shares, plus any common… Continue Reading
One of the most undervalued junior oil companies announced an update with mostly good news this morning, and a little bad. Petroamerica Oil Corp. (TSXV:PTA), which trades at less than 1.4x cash flow, produced an average of 6497 barrels of oil per day for the month of February, and 6,453 barrels of oil per day… Continue Reading
It can be very hard for a stock to go up when there is a big seller. The market knows this has been the case for Petromanas Energy (TSXV:PMI), a high potential oil and gas explorer partnered with Royal Dutch Shell to look for oil in deep tanks on shore in Albania. Petromanas acquired its… Continue Reading
In an exclusive interview to CEO.CA, LX-Ventures (LXV) CEO Mike Edwards asks investors for patience and defends his company’s execution in light of its recent 60% share price fall. Edwards says LXV has no plans for future acquisitions or financings until a “business model validating event’ occurs whereby one of LXV’s portfolio companies is sold… Continue Reading
Silver miners have failed to replace reserves over the past three years. This from Tim Barry, President and CEO of Silver Bull Resources (TSX:SVB, NYSE:SVBL). Barry and I met at his Vancouver office Friday, before the New Zealand born geologist, 37, flew to Toronto to present at this week’s PDAC, where 25,000+ are set to… Continue Reading
Canadian mining legend Ross Beaty, who founded Pan American Silver and the Lumina Copper Franchise, and made fortunes during the last decade’s resource bull market, is quietly making moves in the junior mining sector again. Earlier today Magellan Minerals announced a deal to sell to Ross its Pocone gold belt exploration projects in Western Brazil… Continue Reading
Robert Friedland’s Ivanhoe Mines has commenced drilling underground at the historic Kipushi Mine in the D.R. Congo some 1225 meters below surface and less than 1 kilometer from the Zambia border. Kipushi was one of the world’s richest copper, zinc, germanium and precious metals mines from 1924 until 1993; it was flooded in 2011. Ivanhoe… Continue Reading
The $65 million market cap Petronova announced a farm-in deal with Pacific Rubiales that will see the tiny oil explorer carried for 4 wells in the largest untested prospect in Colombia, potentially worth as much as $4 billion (40% to Petronova), with drilling starting in this year’s second half. Plus: Petromanas, Petroamerica, Canacol and frontiers… Continue Reading
Robert Friedland’s Ivanhoe Mines has just shared a photo album documenting progression at the company’s three Africa projects: · The Kamoa copper discovery in a previously unknown extension of the Central African Copperbelt in the DRC’s Province of Katanga. · The Platreef Discovery of platinum-group elements, nickel, copper and gold on the Northern Limb of… Continue Reading
Today, Desert Star Resources (DSR:TSXV) quietly announced that they had begun the first steps in exploration on their recently acquired southwest US assets. The company completed geological mapping and sampling at its Copper King project located in the prolific Laramide belt of Arizona. The mapping and sampling have identified diorite porphyry dikes which intrude Apache Group… Continue Reading
The Lundin Family has a number of trusts in which they invest heavily in their own Group companies, including Africa Oil, Lundin Petroleum, Lucara Diamond and Lundin Mining. The family also invests heavily in other companies. One such company is the Canadian diamond explorer, North Arrow Minerals (NAR:TSXV). Last year the company discovered kimberlite in east central Saskatchewan,… Continue Reading
The picture above is apropos. Because it appears the person shown is setting fire to cheap paper. LX Ventures (TSXV:LXV) was seen by many as the ascending tech rocket that would boost the local sector. CEO Mike Edwards is a renowned tech player, he’s got nice exits behind him, and witht he Mobio social media platform,… Continue Reading
The Toronto Stock Exchange will have a new diversified uranium play if a proposed combination of publicly traded Powertech Uranium (TSX:PWE) and privately held Azarga Resources goes to plan, forming Azarga Uranium Corp. Powertech is currently advancing the Dewey Burdock ISR Uranium project in South Dakota, and Azarga is Powertech’s largest shareholder, with 45%. Following… Continue Reading
