Novo Resources (TSXV:NVO), a junior exploration company exploring for gold in the Pilbara region of Northwestern Australia, announced a new gold-bearing reef discovery 700 meters west from their original 43-101 resource (421k ozs gold at 1.47 grams per ton). The reef varies from 1-2 meters thick and is less than 20 meters deep, and one… Continue Reading
We appear to be approaching a unique global currency mess. Yesterday evening’s Turkish rate hike reeked of desperation and triggered a powerful pop in thin futures markets: The rally was short lived as we have seen nothing but a deluge of selling in equity futures this morning. Meanwhile, there is a flight to ‘quality’ in… Continue Reading
Desert Star Resources (TSXV:DSR) is a junior exploration company being proactive in this market. Last year they picked up six exploration projects in the U.S., each with big potential. Of particular note are their Red Top, Copper King and Copper Springs projects in Arizona, as well as their Oro project in New Mexico. A map of their… Continue Reading
Nearly one month into 2014 we have decided to separate the wheat from the chaff and identify the 5 most promising charts in the junior space: Click to enlarge Alderon Iron Ore Corp. (ADV.TO) Alderon, with its partner Hebei Iron and Steel, are set to move its Kami iron ore project in Quebec’s Labrador Trough… Continue Reading
According to reports this afternoon the rumor that Edgecrest Capital was in talks to acquire Stonecap Securities appear to be true as the two announced the acquisition after the market closed today. The price wasn’t disclosed, but the move by Edgecrest allows them to enter the US market via Stonecap’s FINRA registration without having to go… Continue Reading
VANCOUVER, CANADA – FRIEND OR FOE, TAKE THE DOUGH… Mark O’Dea’s True Gold Mining has just announced a $36.6-million bought deal financing with RBC Capital Markets of $0.40 units with a half warrant at $0.47 good for six months. Concurrently, Liberty Metals and Mining, True Gold’s largest shareholder, has has elected to exercise their participation… Continue Reading
Tom Perkins, co-founder of venture capital firm Kleiner Perkins Caulfield and Byers, which was an early financier to Genentech, Google, Amazon and scores of others, took to Bloomberg Television earlier to apologize for comparing the persecution of America’s rich to the plight of the Jews under Hitler in Nazi Germany. Perkins says he regrets the Kristallnacht comparison;… Continue Reading
Colombian E&P company, Canacol Energy (CNE:TSX) released the results of their Mono Arana 2 appraisal well today. The well is located on the VMM2 block which Canacol holds a 20% working interest in and is operated by 80% holder ExxonMobil. The Mono Arana 2 well was drilled in the Middle Magdalena Valley of Colombia and… Continue Reading
THE CALANDRA REPORT: Subscribe $91 yearly SIEM REAP, Cambodia — Just touched base here with Bob Neill, newest Angkor Gold board member. Bob is the 33-year-old executive from Medellin who handles much of Grupo de Bullet’s property syndication efforts in Colombia. He is just back from touring a handful of ANK’s properties in Ratanakiri Province.… Continue Reading
Endeavour Mining (EDV:TSX), the African gold miner, that currently operates three mines in West Africa has announced commercial production has been reached at its fourth mine; Agbaou in Cote d’Ivoire. The company expects to grow production by 1/3rd this year, to approximately 400,000 ounces (up from 300,000 ounces in 2013) while reducing all-in costs per ounce below… Continue Reading
Michael “the Wek” Wekerle, the fast talking Canadian investing legend and Chairman of Difference Capital, took to the stage at the Cambridge House CanTech Investment Conference in Toronto earlier this month to promote his firm and Canada’s technology sector. Here are some of the more memorable of the Wek’s quotes: “I don’t think anybody has… Continue Reading
According to a Bloomberg article last week, ‘Big Mick’ Davis, the former CEO of Xstrata Plc, is seeking to raise $3 billion for his private, X2 Resources, prior to him acquiring any assets. Davis, the 55 year-old South African, has raised $1 billion from investors including private equity firm TPG and Asia’s largest metals trader, Noble Group. … Continue Reading
Fission Uranium Corp (TSXV:FCU) released the first five holes from its winter drill program at the Patterson Lake South (PLS) uranium project in the Southwestern Athabasca Basin region of Northern Saskatchewan. Hole PLS14-129 (line 600E), with 36.72 meters of off-scale (>9999 cps) mineralization at shallow depth, was the best hole drilled at PLS to date by… Continue Reading
This morning Dalradian Resources Inc. (TSX:DNA), a Toronto, Canada-based junior mining company developing the Curraghinalt gold deposit in Northern Ireland, announced a $12.075 million bought deal financing of $0.70 units with a $0.90 half warrant good for 12 months from the closing date which is anticipated to be Feb 19, 2014. The syndicate of underwriters will be… Continue Reading
This morning, $6 million market cap junior, West Kirkland Mining (WKM:TSXV) (halted at open)announced they intended to acquire Allied Nevada Gold’s (ANV:TSX) Hasbrouck gold project in Nevada for $30 million. The deal is subject to West Kirkland being able to obtain the necessary financing. According to their third quarter financials, West Kirkland had less than… Continue Reading
