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

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

Growing disinflationary headwinds are likely to push the European Central Bank (ECB) toward launching a 300-500 billion euro asset purchase program on Thursday morning. Such a monumental shift in monetary policy posture from the ECB could deliver an outsized impact to global financial markets (although we have clearly seen some front running of this announcement… 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

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

April gold futures reached as high as $1345.60 overnight for a more than $100 gain for the yellow metal during the month of February. There are plenty of signs that gold may soon need a rest, ranging from a sharp turn in sentiment to major resistance in the $1340-$1360 area: Click to enlarge A pullback… Continue Reading

Warwick Smith resigned as CEO and director of Western Pacific Resources (TSXV:WRP) yesterday after a banner year of accomplishments with the company in 2013. Mr. Smith co-founded Western Pacific in 2009, not long before junior mining markets took a turn for the worse in 2011. Smith was resolved to make something out of Western Pacific… Continue Reading

This morning NexGen Energy Ltd. (TSXV:NXE) announced completion of the first hole at the Arrow prospect, RK-14-21, to 663 meters depth. This was the same hole that caught the market’s attention last week for intercepting what is believed to be uranium mineralization (assays pending) between 207.8 and 231 meters. Today’s news suggests an additional three… Continue Reading

LUC data by YCharts Lucara Diamond (LUC:TSX), announced this morning that its Board has approved a $0.02 per share semi-annual cash dividend.  This move is the first for the Lundin Group of Companies and highlights the stability of the Karowe mine’s diamond production.  The $0.02 dividend is to be declared in May with payment in June. … Continue Reading

After a very impressive rally in precious metals and mining shares during the past couple of weeks, there is some cause for near term concern as sentiment has suddenly turned bullish on the sector. The latest Commitment of Traders data from the CFTC clearly shows a massive amount of short covering and some renewed speculative… Continue Reading

Lukas Lundin’s base metals explorer, NGEx Resources (NGQ:TSX) this morning released seven of fourteen holes from their 2013/2014 field season at their Josemaria project in Argentina.  The focus of their 7,302m program was to define the high-grade supergene zone near the north end of the project and to test a possible extension there. Two of… Continue Reading

Bob Quartermain’s Pretium Resources (PVG:TSX) had a less than stable year in 2013.  The shares went from a high of $13.18 on January 2, 2013 down to a low of $2.89 in November 2013 amid controversy surrounding the legitimacy of their extremely high-grade Valley of the Kings deposit in BC, part of their Brucejack project.  Since… Continue Reading

NexGen Energy (TSXV:NXE) announced a potential uranium discovery in the SW Athabasca Basin region of Northern Saskatchewan yesterday. Visible uranium was seen in the first hole drilled into the Arrow target at the Western side of NexGen’s Rook 1 project, which caused shares in the junior explorer to rise over 90% Wednesday. “There’s an element of luck,”… Continue Reading

Barrick Gold (ABX) was one of our top picks for 2014 and the chart has done nothing but get better as the year has progressed – there is ample potential for a huge breakout over the coming weeks: Click to enlarge RBC upgraded Barrick to outperform this morning: “We believe Barrick has the ability to… Continue Reading

Coming off the back of the recent early-stage discovery made by NexGen Energy (NXE:TSXV) yesterday, Skyharbour Resources (SYH:TSXV) and their joint venture partners have announced they have completed their gravity surveys on the Preston Lake project located in the Patterson Lake South region.  The gravity survey identified 23 gravity low anomalies which the company will follow up… Continue Reading