NexGen Energy (TSXV:NXE), a uranium exploration company focused on Saskatchewan’s Athabasca Basin, provided an update on their first 8 holes of drilling at Rook I, which is immediately adjacent to and along strike to Fission / Alpha’s Patterson Lake South discovery. Read: NexGen Energy Ltd: Rook 1 Drilling Update. The news release suggested NexGen had encountered the… Continue Reading

The “dominant fundamental” for the gold market during the past few years has clearly been the ‘illusion of central banking.’ Allow me to explain a bit. First there was the illusion that Fed easing would stoke enormous inflation. This proved to be false as the pernicious deleveraging cycle brought about by the global financial crisis… Continue Reading

The market has, so far, shrugged off more impressive drill results from Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) this morning (FCU up $0.01).  Is there such a thing as ‘discovery fatigue’?  The company’s released assays from two holes from the Western and Eastern regions of the R390E zone at their PLS deposit. The highlights include… Continue Reading

This morning, the Peruvian silver developer, Bear Creek Mining (BCM:TSXV), announced that it has received its Environmental and Social Impact Assessment (ESIA) for the company’s Corani silver-lead-zinc project.  The company will now complete detailed engineering and submit construction permits for the project.  This approved ESIA comes less than one month after the company submitted responses… Continue Reading

In the current squeeze on the junior sector, much has been said about the challenges in raising money and the impact of lower precious metals prices on the cash costs and feasibility of future projects. However, in these tough markets, another metric that investors should pay close attention to is the General and Administration (G&A)… Continue Reading

Lucara Diamond Corp. has announced the recovery of a 257 carat diamond from its Karowe Mine in Botswana. Read the press release: Lucara Recovers Exceptional 257 Carat Diamond “Revenues generated from the sale of these diamonds will be used to reduce debt and strengthen Lucara’s balance sheet,” Lucara CEO William Lamb commented. Here’s the 12… Continue Reading

Frank Giustra’s Petromanas Energy (TSXV:PMI), an oil and gas exploration company working on a joint venture with Royal Dutch Shell, has provided an update on its Albanian operations. PMI announced that a testing rig is currently being set up at the Shpirag-2 well site. Shpirag-2 was drilled to 5,547 meters in late June. PMI intends to… Continue Reading

This morning graphite developer, Mason Graphite (LLG:TSXV) announced some surprising results which are not likely to be picked up by the markets.  The company received results from the preliminary purification of the graphitic carbon concentrates from the company’s Lac Gueret project located in Quebec.  Using conventional hydrometallurgical processes, in lock cycle tests, the company received… Continue Reading

This morning Keith Hill’s Africa Oil (TSXV:AOI), which is developing oil discoveries in the East African Rift Basin System, said that the company suffered no injury during the weekend’s mall attack in Nairobi. We join Africa Oil in extending our prayers to those who remain affected by the tragedy. Read: Africa Oil Reports on Security Situation in Kenya… Continue Reading

Simon Ridgway’s Cordoba Minerals (TSXV:CDB), which is in the process of amalgamating with Ari Sussman’s Sabre Metals, has completed an initial 4 hole, ~575 meter drill program at its San Matias property in Colombia, targeting high grade copper gold porphyry style mineralization, with assays expected in late October. Cordoba’s results are being closely followed by… Continue Reading

This story was first posted at 9:00AM today, and was briefly updated at 8:14PM. Micro cap Vancouver-based junior miner Niocorp Developments Ltd. (TSXV:NB), which is advancing its Elk Creek, Nebraska niobium project, has announced that they have recruited Marc Smith to become the company’s new CEO. Smith was formerly CEO of rare-earths producer Molycorp (NYSE:MCP),… Continue Reading

This morning, Patterson Lake South Joint-Venture partners Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) announced they had potentially found a fifth high-grade uranium zone as part of their 2013 drill campaign.  The most recent hole, PLS13-098, intersected 76m of total composite mineralization within a total 107.5m section (to vertical depth of 317m).  This adds to… Continue Reading

Ivanhoe Mines (IVN:TSX) intends to raise up to $108 million for the development of its Kamoa copper discovery and Kipushi copper-zinc project, both located in the Democratic Republic of Congo’s Katanga province.  The raise is comprised of 50 million Class A common shares at a price of $2.00 per share.  Billionaire founder and Chairman, Robert… Continue Reading

Of the 2000 junior resource companies we track, very few have the strength of Continental Gold Corp. It has over $130 million in the bank, analysts believe its 5.5 million ounce Buriticá high-grade gold deposit in Colombia will become a cash cow, its technical and management teams are well-experienced, and when the deposit gets permitted… Continue Reading

NOT COLARADO — Better than gold? Maybe. The Precious Metals Summit webcast is in gear. This is the Colorado conference that precedes the Denver Gold Group gathering, a larger-company show that starts Sunday evening. The video quality at Precious Metals Summit is good, and the display for about 60-plus companies is indexed accordingly by time slot… Continue Reading