Canacol Energy (CNE:TSX) provided production results from its wells in Colombia and Ecuador.  CNE’s total corporate production in July averaged 10,120 boepd, of which 7,027 bopd was crude oil with another 3,093 boepd of gas.  Month over month growth in total corporate production was 17.5% (8,616 boepd in May and June) and 22% (5,794 bopd)… Continue Reading

Platino Energy Corp (PZE:TSXV) to sell its 50% WI in the Morpho Block in the Middle Magdalena Valley Basin in Colombia to Parex Resources (PXT:TSX).  As part of the deal, Parex will give PZE a 4% NPI royalty on the block.  This makes sense for PZE because they need to allocate capital efficiently, like everyone… Continue Reading

Exeter Resource Corp (XRC:TSX) was up 50% in early trading and closed up 22% with abnormal volume on no news today.  Exeter has been advancing the very large, but costly Caspiche gold/copper porphyry in Chile which boasts 19Moz Au and 4.62Bn lbs Cu in reserves which ranks it in the top 1% of global gold… Continue Reading

Very strong results from Petroamerica Oil Corp. (TSXV:PTA) today, announcing flow tests from their Las Maracas-11 well at 3,600 bopd. Average production for the month of July for PTA (up to July 24) was 5,600 bopd, not including production from Las Maracas-11. The company has over US $48 million in cash on hand, and is fully… Continue Reading

Lundin Group oil junior, Africa Oil (TSXV:AOI) depended the hole of its Etuko-1 target to penetrate the Lower Lokhone formation and has hit 50m of potential net pay.  The company already hit 40m of net pay in the Auwerwer and Upper Lokhone reservoirs, so this increase in depth will be flow tested later this year… Continue Reading

Cream Minerals Ltd. (TSXV:CMA) has entered into a LOI for the sale of its Nueveo Milenio Silver-Gold project in Mexico for $600,000. The acquisition is being led by a group which includes current Cream shareholders. In November 2010, Vancouver-based Endeavour Silver made a 14 cent offer for all of Cream’s 88 million shares, implying Nuevo Milenio… Continue Reading

DON’T check your potash stocks today… “In a stunning move expected to transform the landscape of the world’s fertilizer industry, Russia’s OAO Uralkali is dismantling one of the world’s largest potash marketing groups by striking out on its own.” Read: Russia pulls out of cartel, potash prices expected to plunge With end to potash cartel,… Continue Reading

NexGen Energy has finished their 3,472.9 meter summer drill program at Radio. CEO Leigh Curyer commented, “These first 9 holes within the 5 test zones of summer drilling at Radio has confirmed these zones contain the basement geology, alteration and structural features that host uranium mineralization elsewhere in the Athabasca basin. Receipt of the completed… Continue Reading

Peter Koven of the Financial Post covers uranium’s 14% price correction over the previous two months, last at $US.34.50 per pound, the lowest level since 2006. The Fukushima Nuclear disaster in Japan continues to take its toll, with excess supplies in Japan being reportedly dumped onto the open market. Read: Uranium spot price sinks amid… Continue Reading

Primero Mining Corp (TSX:P) provides an update on the proceedings at the Cerro del Gallo Au-Ag project in Mexico. Primero acquired the Cerro del Gallo project in May 2013 from Cerro Resources NL in a share/cash/spin-out deal that saw Primero retaining a 69.2% interest in the project; offering Cerro Resources shareholders 0.023 Primero shares and shares… Continue Reading

Rumours are circulating on Howe and Bay Streets that someone may soon move on the PLS project in Northern Saskatchewan, a 50/50 joint venture held by Fission Uranium (TSXV:FCU) and Alpha Minerals (TSXV:AMW), fuelling demand for the shares of both companies. Click to enlarge: FCU.V AMW.V These are unsubstantiated reports, but the PLS project is… Continue Reading

Many analysts are claiming that new platinum ETF and trust products such as Sprott’s physical products have begun to wreak havoc on an already beat up and battered South African platinum industry.  Just as the gold ETFs did in the gold run over the last decade, these new platinum products could rip billions of investment… Continue Reading

Bloomberg reports on the current mining market meltdown’s devastating impact on Canada’s investment community. Mark Morabito, chairman of Alderon Iron Ore Corp. (ADV), was quoted. “I’m now dealing with the top guys, the global heads of mining, because the guys in between are all gone… Toronto is just a dead zone.” Read: Toronto Bankers Feel Pain From Mining… Continue Reading

Geologix Explorations (GIX:TSX) released revised cash cost estimates for its Tepal Cu-Au project in Michoacan, Mexico in accordance with WGC Standards (total cash cost = mining costs + on-site G&A + treatment/refining charges + royalties + transportation + by-product credits). Due to the large Cu component, GIXs total cash costs are estimated at US$238/oz Au which leaves… Continue Reading

By Lawrence Roulston, Resource Opportunities News that the US Federal Reserve may begin cutting back on Quantitative Easing panicked investors around the world. The mere suggestion that the easy money might be cut back if the economy continues to improve exemplifies how dependent investors have become on what is effectively a government handout. The sharp drop in… Continue Reading