The following is an excerpt from Stockwatch.com’s Energy Summary – December 20, 2013 (Source): Parex Resources Ltd. (PXT), a former joint venturer of Niko’s in Trinidad until it relinquished those blocks to focus on Colombia, added 22 cents to $6.67, thanks to news from a different joint venture. GeoPark Ltd., the operator of Parex’s 45-per-cent-held LLA 34… Continue Reading
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
The Lundin Group’s Lucara Diamond Corp. (TSX:LUC) jumped 11.3% in early trading Friday after the company announced a greater than $1 billion increase in the estimated in-situ value of the Indicated mineral resource at the Karowe diamond mine in Botswana. The growth is credited to the company’s consistent recovery of large and exceptional stones at… Continue Reading
One of the very few Canadian based junior mining companies with any cash is Lowell Copper, which raised $11.4 million earlier this year, with a lead order coming from resource titan Lukas Lundin. Lundin and others backed the junior for the intellectual property of its founder, J. David Lowell, an octogenarian explorationist who pioneered the… 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
I had no furniture, I was 20 lbs overweight, no job, depleting bank account, owed the IRS, out of shape, I drank every night, I was separated but not divorced, two kids, depressed and maybe suicidal, and finally, I secretly wanted to be a standup comic. I also didn’t like being alone. I am the… 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
Robert Friedland’s Ivanhoe Mines (IVN:TSX) has completed dewatering activities to the main working level of the historic and high-grade Kipushi copper-zinc-germanium-lead and precious-metals mine (68% IVN, 32% state-mining company) in the Democratic Republic of Congo (DRC). The mine’s underground workings were extensively flooded during the previous 18 years when the mine was on care-and-maintenance as a former… 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
Canada Carbon (TSX-V: CCB), Bruce Duncan’s junior mining company focused on the Miller graphite project in Quebec, announced today that the firm had secured 100% interest from Caribou King Resources for an eight claim parcel contiguous to the company’s past producing Miller graphite mine. The acquisition, which would increase the Miller Graphite property to 94.2… Continue Reading
Running out of financial flexibility, Bruce McLeod’s Mercator Minerals (ML:TSX) has agreed to a merger/takeover by Intergeo which is a subsidiary of ONEXIM Group(controlled by Russian oligarch, Mikhail Prokhorov worth an estimated $13 billion). The deal will see Mercator’s assets get a much needed injection of capital. Intergeo’s controlling shareholder Daselina (part of ONEXIM) will provide a… Continue Reading
Bruce Duncan’s Canada Carbon (TSX-V: CCB), which is advancing the Miller graphite project in Quebec, announced the results from an additional chemical characterization of graphite concentrate from the company’s wholly-owned Miller Graphite property. The characterization was carried out to finely measure purity beyond the capability of current conventional infrared techniques. The submitted Miller graphite concentrate… Continue Reading
Albania’s largest foreign investor, Bankers Petroleum (BNK:TSX) is continuing to bet on its Albanian oilfields by announcing they intend to spend at least $313 million in capital next year up from the $247 million the company spent in 2013. The bulk, $216 million, is to be spent on drilling 150 to 170 wells on the… Continue Reading
>>From the VC Market Trends Blog It is often said that history doesn’t repeat itself, but it does rhyme. Bitcoin, in just nine months, has done something absolutely tremendous in that respect. Even by just checking out sites like Bitcoin.co.uk, seeing how much of an impact Bitcoin has had and continues to do so for… Continue Reading
