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

Stalwart junior resource stock analyst John Kaiser was uncharacteristically enthusiastic in recommending Probe Mines (TSXV:PRB) to Korelin Economics radio subscribers today, saying the company’s Borden Gold project, about 200 km southwest of the Timmins Gold District in Ontario, Canada, has “District scale potential” of its own. Originally Probe Mines thought they had approximately 4 million ounces of… Continue Reading

In reviewing Lumina Copper’s corporate presentation earlier we were amazed at how cool the company’s Taca Taca project looks in photos. This is what the World’s largest copper deposit available for sale (owned by a junior exploration company) looks like. Taca Taca is the “Best deposit in the worst market” Lumina’s largest shareholder Ross Beaty… 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

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

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

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

On Friday, North American Nickel Inc. (TSXV:NAN) announced an 18.62 meter interval with heavy sulfides at the Imiak Hill target at the Maniitsoq project in southwestern Greenland. Assays from the drill intercept are still 3-4 weeks away, NAN CEO Rick Mark tells me, however a photo of the drill core embedded in the press release has… Continue Reading

Fission Uranium Makes Proposal to Alpha to Acquire Alpha Shares for $7.26 per Alpha Share http://t.co/VuDpxKiFjE — Fission Uranium Corp (@FissionUranium) August 26, 2013 Flashback: Strong charts fuel PLS project takeover speculation

Related: Watch mining legend Robert Friedland send Ivanplats shares over $2 in the near term

Last week I bought some Ivanplats at $1.56 thinking it was too beaten up for the calibre of people and projects it has. Summer months are also historically the best times to pick up junior mining shares. I also just learned that IVP Chairman Robert Friedland (who owns some 135 million IVP shares) will be… 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

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

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