Dr. John-Mark Staude’s, prospect generator, Riverside Resources (RRI:TSXV) has announced they found a partner in Pembrook Mining (private) to option their Coatan gold project in Mexico.  Pembrook will have to pay Riverside $27,460 in cash and incur $1.8 million in expenditures on the project over the next four years to earn an initial 70% interest.  Then, to… Continue Reading

After coming off their huge Patterson Lake South win, the former management team of Alpha Minerals is now running Alpha Explorations (AEX:TSXV) which is a spinout with assets in the Cluff Lake and Patterson Lake areas in Saskatchewan.  They also hold prospective land in the Timmins gold camp area in Ontario.  Today they announced their… Continue Reading

The high-grade veins at Continental Gold’s (CNL:TSX) Buritica project in Colombia continue to grow as drilling expands the areas of known mineralization.  This morning, Ari Sussman (CEO) announced the latest batch of 17 drill holes from his project.  Four of the holes were successful in intersected veins sets that were 200m west of the current… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly Also: Sysorex Global, Inovio Pharma Solvista Gold corners Iamgold into a porphyry partnership at Caramanta in Colombia. Takeways: Breathing room for Solista’s Miller O’ Prey and Jeffrey Miller. Bob Allen’s Grupo de Bullet owns a hunk of Solvista (SVV in Canada). Solvista is one of our TCR 8 It… Continue Reading

Joseph Conway’s Primero Mining (P:TSX) announced this morning it has entered into a agreement to acquire Brigus Gold (BRD:TSX) in an all-share transaction.  Primero will use their stock, which has held its own this year, in an exchange ration of 0.175:1.  This values Brigus at approximately $220 million.  This bid represents a 43% premium to… Continue Reading

NGEx Resources (NGQ:TSX), the only mineral exploration vehicle in the multi-billion dollar Lundin Group, has begun the 2013-2014 exploration program at their Josemaria and Filo del Sol projects in San Juan, Argentina.  In 2013, NGEx dramatically increased the resource base at their Josemaria and Los Helados projects.  Josemaria now hosts over 6 billion pounds of copper and… Continue Reading

Mason Graphite (LLG:TSXV), the company developing one of the highest grade graphite deposits in the world, the Lac Gueret deposit, announced a large increase to the resource base of over 658%.  Lac Gueret now hosts a Measured and Indicated resource of over 50Mt at 15.6% Cg and another 2.6Mt of Inferred resource at 30.5% Cg.  The previous… Continue Reading

After the close yesterday, Reservoir Minerals (RMC:TSXV) released assay results for five drill holes from the Timok project (joint venture with Freeport McMoran).  Two of the five holes intersected high-grade copper-gold mineralization in the high-sulphidation epithermal zone in the Cukaru Peki target.  The highlight was drill hole FMTC 1341 which intersected a massive, 166 metres (from 557.0… Continue Reading

Patterson Lake uranium explorer, NexGen Energy (NXE:TSXV), released the results of their aerial geophysical surveys along their southern Athabasca basin margins, at the Rook and Dufferin areas.  The surveys identified five zones of elevated U-channel radiometrics on the Rook I property of which two are in the area where they completed their initial 12 hole drill… Continue Reading

Amir Adnani’s Brazil Resources (BRI:TSXV) has closed its acquisition of Brazilian Gold (BGC:TSXV) which it announced in late September.  BRI purchased BGC using its shares in an exchange ratio of 0.172:1 putting a value of roughly $13.5 million on BGC and their extensive gold exploration asset portfolio in Brazil.  Along with building Uranium Energy Corp (UEC:NYSE), Adnani… Continue Reading

Bob Quartermain’s Pretium Resources (PVG:TSX) should see some much need relief this morning after announcing they have surpassed their 4,000 ounce target production rate from the 10,000-tonne bulk sample being done on the Valley of the Kings material.  PVG has produced 4,215 ounces of gold from 8,090 dry tonnes of material with approximately 1,815 wet… Continue Reading

Dr. John-Mark Staude’s Riverside Resource (RRI:TSXV), the prospect generator with precious and base metal assets across some of North America’s most prolific mineral belts, announced initial exploration results from their Flute and Lennac projects in BC.  The projects were identified as part of a three year alliance with Antofagasta, the Chilean copper giant, which ends… Continue Reading

Cordoba Minerals (TSXV:CDB) announced a significant but early stage copper-gold porphyry discovery in Colombia earlier, and it caught our attention enough to pick up a few shares at the open this morning (Do your own due diligence!). Read: Cordoba Minerals Announces the Discovery of a New High-Grade Copper and Gold Porphyry System Drilling 101.1 metres… Continue Reading

Simon Ridgway’s Cordoba Minerals (TSXV:CDB), which is in the process of combining with Ari Sussman’s Sabre Metals, and Paul Dias’s Minatura, has discovered a new high grade copper and gold porphyry system at the company’s 26,000 hectare San Matias project in Colombia’s Mid Cauca Gold Belt, drilling an impressive 101.1 meters @ 1.0% copper and… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly Thursday November 14, 2013 Mines are made, not found. That is Barkerville Gold Mines’ tagline for investor brochures. James Francis Gerard Callaghan spent upwards of $120 million making Barkerville mines and properties along central British Columbia’s Cariboo trend in Canada. Do you know the restaurant Max’s in northern California? “This… Continue Reading