Month: February 2014

Excelsior Mining – Valuation Call

Excelsior Mining – Valuation Call

We were surprised to see the market’s reaction on the results of Excelsior Mining’s (MIN.V) Pre-Feasibility Study in January and recommended to sell the shares at a price of C$0.53. As the share price has dropped by 31% to the current price of C$0.365, it might be a good idea […]

Eastmain continues to intersect high grade gold zones

Eastmain continues to intersect high grade gold zones

Eastmain Resources (ER.TO) has announced more drill results on its Clearwater project, located in the James Bay region in Québec, Canada. These are more results from the 2013 drill program, which was focused on delineation of the upper 300 meters of the 450 West Zone, resulting in no less than […]

Revett Mining Inc.

Report: Revett Mining – Update

All eyes are currently focused on the reopening of the Troy Mine which had to shut down in December 2012 after a seismic event forced the company to halt its operations. Revett Mining tried to regain access to the ore zones via the lower quartzite haulage route, but unfortunately a […]

Scorpio Gold will produce 40-45,000 ounces of gold this year

Scorpio Gold will produce 40-45,000 ounces of gold this year

Scorpio Gold (SGN.V) announced it expects to produce 40-45,000 ounces of gold at its 70% owned Mineral Ridge project in 2014 at a total cash cost of $800-850/oz. Just like last year, Scorpio Gold is taking a conservative approach in its cash cost guidance, and we wouldn’t be surprised to […]

Integra Gold - Core Shack

Integra Gold reports excellent metallurgical results at Lamaque

Integra Gold (ICG.V) has reported excellent results from its Phase III metallurgical test work at its Lamaque gold project in Quebec, Canada. This test was aimed to determine the recovery rates for the gold at the different zones of the project using four different flow sheets which are being used […]

Red Mountain Mining announces high gold recoveries

Red Mountain Mining announces high gold recoveries

Red Mountain Mining (ASX:RMX) has announced preliminary metallurgical test results at its Lobo project in the Philippines. Metallurgical leaching results on a sample grading 8.8g/t gold have revealed a recovery rate of up to 97%, which is extremely high. This bodes well for the future plans of the company, as […]

Constantine Metal and Dowa will spend $6.2M at the Palmer VMS project

Constantine Metal and Dowa will spend $6.2M at the Palmer VMS project

Constantine Metal Resources (CEM.V) has announced its partner Dowa Metals and Mining has approved a $6.2M exploration budget for the Palmer VMS project in Alaska and paid a $250,000 option fee to Constantine. The amount of the exploration budget shouldn’t really come as a surprise, as Dowa has to spend […]

Balmoral will restart drilling at Detour Gold trend

Balmoral will restart drilling at Detour Gold trend

Balmoral Resources (BAR.TO) has announced it has mobilized drill crews to its Martinière and Fenelon exploration camps in order to prepare for the start of the 2014 drill program at the Detour gold trend in Québec. We’re looking forward to the infill and expansion drilling of the high-grade Bug Lake […]