Pacific Rubiales (PRE:TSX), one of the largest oil producers in Colombia, announced this morning that they have received environmental licenses from the Colombian authorities to explore and develop in the CPE-6 and Guama blocks.  The Guama block is a 184,000 acre block located in the Lower Magdalena Valley Basin approximately 100km east of the Company’s… Continue Reading

Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV), the joint venture partners who continue to advance the Patterson Lake South discovery in Saskatchewan, announced this morning that they discovered a sixth mineralized zone in a step-out hole drilled 525 metre’s from the original discovery zone.  The new zone, R600W, is on a 1755m trend with all five high-grade… Continue Reading

First posted on PennyMiningStocks.com. Follow James Fraser @MiningStocks How the Price of Gold Reflects the Value of the US Dollar It is undeniably true that the price of gold is related to the value of the US dollar, so it is essential to understand how this association has come about and exactly how the dollar influences the… Continue Reading

GREENWICH, CT, Oct. 31, 2013 /CNW/ – On October 21st, 2013 FrontFour Capital Group LLC (“FrontFour”) and a like-minded shareholder (the “Requisitionists”) announced that they had served the board of Renegade Petroleum Ltd. (“Renegade”, or the “Company”) (“RPL-V; RPTTF-O”) with legal notice of their requisition of a special meeting of shareholders. FrontFour also demanded the… Continue Reading

Doug Forster’s Newmarket Gold Inc. (TSXV:NGN) may be a breath of fresh air to Canada’s mining sector. The company has experienced executives touting optimism and looking for acquisitions in a gold mining market where few buyers exist. Then again, it could end up another failed TSX-venture shell, waiting on the shelf for the next dream… Continue Reading

Armenian gold developer, Lydian International (LYD:TSX) has appeared to be on the mend after a disastrous announcement by the Armenian authorities recently which saw LYD have to completely redesign their mine plan for the Amulsar gold project.  The reason was due to them reclassifying catchment basins for the important Lake Seven which provides fresh water for much of the… Continue Reading

Robert Friedland’s Ivanhoe Mines (Disclosure: Long) has provided an update on its Kipushi copper-zinc-germanium project in the DRC. Kipushi is one of three flagship assets that Ivanhoe is currently developing, and today’s news release shared a lot of news. Here it is in its entirety: Ivanhoe Mines Reports Ongoing Dewatering at Historic Kipushi Mine in… Continue Reading

Best in-class Colombia gold developer, Continental Gold (CNL:TSX), released assay results from the latest 13 drill holes from the Veta Sur and northern Estera systems at the Buritica project in Colombia.  Highlights include: hole BUUY149 which encountered 0.5m of 101.5g/t gold and 20g/t silver and hole BUUY353 which encountered 2.5m of 12g/t gold and 37g/t… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly What follows is probably the most emotional, and highly charged, subsistence mining drama taking place in the gold world. The drama is running in Colombia. We have been tracking Buriticá — because I know the company, I know the project, I think I understand the shades of green and… Continue Reading

Lundin Group company, ShaMaran Petroleum (SNM:TSXV) announced their plans to issue $150 million in senior secured bonds which will be used to finance their future expenditures on the Atrush block in the Kurdistan region of Iraq.  Nordic investment bank, Pareto Securites has been appointed as financial advisor to the offering. The Atrush block is the… Continue Reading

East African oil and gas explorer, Africa Oil (AOI:TSXV) has shutdown two significant oil blocks; Block 10BB and Block 13T.  According to the release, AOI’s operating partner, Tullow Oil has agreed to shutdown activities at these two blocks in Kenya due to local protests surrounding employment issues.  The release notes that this is a precautionary… Continue Reading

According to our CEO Technician, Ivanhoe Mines has a $3 short term technical target if shares in the African mine developer close above $2.50 today. Related: What is a Cup and Handle pattern? Last week, Ivanhoe was upgraded by CIBC World Markets analyst Leon Esterhuizen from “sector perform” to “sector outperform” with a $4.50 price… Continue Reading

TODAY is Friday the 13th (again) and the last school day before spring break.  Of much lesser importance (to a couple of my children anyway), today is school report card day. My husband and I used to love it when my kids brought their report cards home. It was exciting to see how they were… Continue Reading

Here’s my pal Zach Flood, exploration geologist with Concordia Resource Corp. (TSX:CCN), making friends in the DRC this past August. Zach and I were housemates in boarding school 12 years ago. He’s from Reno, Nevada originally and now lives in Vancouver. Concordia is in the midst of a corporate reorganization and Robert Friedland is becoming… Continue Reading

It appears that the troubles for the desperate Eike Batista (the former richest man in the southern hemisphere) are far from over as his OGX Petroleo files for bankruptcy, according to a recent news article in the Wall Street Journal.  Rumours of a potential $200 million bailout and restructuring of massive debt obligations have recently… Continue Reading