Canada Carbon (TSX-V: CCB), a Vancouver-based firm engaged in the acquisition and exploration of mineral properties in Ontario and Quebec, announced today that the company had commenced the second phase of drilling at their Miller Graphite project located in Quebec. According to the news release, the campaign is intended to define the graphite mineralization at… 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

The West African gold producer and developer, Endeavour Mining (EDV:TSX), announced late last week that it has poured first gold at the company’s Agbaou Mine in Cote d’Ivoire.  Endeavour planned on pouring first gold within the first quarter of 2014, so they are well-ahead of schedule.  The mine is now advancing in its commissioning phase with ore… 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

With the question of whether the deal between Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) now out of the way, the stage is set for consolidation wave in the Patterson Lake region of Saskatchewan.  Some questions were raised recently about whether this deal would be finalized following a lawsuit involving Fission which muddied the waters.  However, now… Continue Reading

Last night around Midnight New York time Bitcoins transacted at $1242, coincidentally February gold futures were trading at almost the exact same price level: Click to enlarge 1-day Bitcoin chart (Mt. Gox) February Gold Futures (Green oval) Which would you rather own, a bitcoin or an ounce of gold?        

As the gold price continues to slump, two things in the gold market matter the most: grade and capex intensity.  Dalradian Resources (DNA:TSX) is developing an extremely high-grade Curraghinalt gold mine in northern Ireland and today announced an update on the permitting process there.  According to the release, the strategic planning division of the Department… Continue Reading

Anchor Andrew Bell sported an arm sling on his Commodities program on BNN television earlier, citing a cycling accident. The show must go on, however and three CEOs joined Bell this morning to tell their stories. Brian McLachlan, President and CEO of Yoho Resources (TSXV:YO), was the first guest on the program. Yoho are developing oil… Continue Reading

Rob Pease’s Sabina Gold and Silver (TSX:SBB) is getting hit hard this morning, down over 8% today, and 80% on the year, last at $.57. A few reasons why the stock is falling off: 1) tax loss selling -since the beginning of 2013 SBB has gone from $2.50+ to ~$0.55 (new 52 week low) -investors… Continue Reading

Lukas Lundin’s Lucara Diamond (LUC:TSX) sold almost $23 million from their third ‘exceptional’ stone tender.  The diamonds were from the company’s Karowe mine in Botswana which has been the backbone of the company’s success this year.  In May of this year, LUC announced their first stone tender which sold 15 stones for gross revenue of… Continue Reading

Gold rallied $25 during today’s session after falling to as low as $1225.70 overnight. The gold market has undergone a dramatic transformation throughout 2013; from fairly bullish sentiment with price near $1700/ounce to begin the year (remember Bill Gross vocally called for gold to rally during 2013), to extremely bearish sentiment and despondency among the… Continue Reading

Although maybe not surprising given the share price performance, the market doesn’t like the fact that Gerald Panneton has resigned as President and CEO of Detour Gold (DGC:TSX) with shares down over 30% at the time of writing.  Given the year-to-date share price performance (down over 80%) and the fact the stock has dramatically underperformed both the… Continue Reading

Canada Carbon (TSX-V: CCB), a Vancouver-based mineral exploration and acquisition firm operating in Ontario and Quebec, released trenching and drilling assay results from their past producing Miller graphite project located in Quebec. According to the news release, results showed that graphite mineralization extended from the surface to a depth of 39 metres. There were untested… Continue Reading

The Rant Thank you Toronto, and other observations Your neighbours to the south will be eternally grateful for your crackpot mayor providing considerably better entertainment value than your mining markets of late. The comic relief is greatly appreciated– keep it coming. The relentless hammering of the junior mining markets and gold price continues despite the… Continue Reading

“Historically gold has been an excellent currency alternative in times of inflation…people that bought gold in anticipation of inflation, some of them have grown impatient,” John Paulson (Founder of Paulson & Co at this year’s Delivering Alpha Conference). Paulson & Co owns over $1 billion worth of the SPDR Gold ETF which represents 5.5% of their $18.5… Continue Reading