Month: September 2014

Levon’s updated resource estimate still isn’t impressive

Levon’s updated resource estimate still isn’t impressive

Levon Resources (LVN.TO) has announced a resource update on its Cordero silver-lead-zinc project in Mexico. The updates resource estimate (based on 244 holes and almost 120,000 meters of drilling) now contains more than 500 million ounces of silver, 9.5 billion pounds of zinc and more than 5 billion pounds of […]

Ramelius’ recent acquisitions boost its average grade

Ramelius’ recent acquisitions boost its average grade

Ramelius Resources (ASX:RMS) has announced an updated resources and reserves statement on its properties in Western Australia. The total resources now stand at 2.25 million ounces of gold at an average grade of 2.4g/t. The reserves are approximately 427,000 ounces at the same grade which is a big improvement compared […]

Mirasol Resources and First Quantum are teaming up to explore the Rubi Project

Mirasol Resources and First Quantum are teaming up to explore the Rubi Project

Mirasol Resources (MRZ.V) has announced it has signed a definitive agreement with First Quantum Minerals (FM.TO) to explore Mirasol’s Rubi project in Northern Chile. At first sight, the earn-in agreement looks very favorable to Mirasol Resources, as First Quantum has to spend $6.5M in exploration within 4 years including a […]

Prairie Mining has started the pre-feasibility study on its Lublin coal project

Prairie Mining has started the pre-feasibility study on its Lublin coal project

Prairie Mining (ASX:PDZ) has announced it has started to work on a pre-feasibility study to determine the viability of the company’s Lublin coal project in Poland. The pre-feasibility study will be supported by additional drilling to increase the confidence in the currently known resources of 1.6 billion tonnes of premium […]

Maya Gold and Silver’s Zgounder mine is ramping up smoothly

Maya Gold and Silver’s Zgounder mine is ramping up smoothly

Maya Gold and Silver (MYA.V) has now poured two batches of silver for a total production of almost 23,000 ounces of silver with a market value of approximately $400,000 in just the first 34 days of operations. This is a very decent result, considering the first silver pour of 7,500 […]

Poseidon Nickel is serious about becoming a nickel powerhouse

Poseidon Nickel is serious about becoming a nickel powerhouse

Just two months after announcing the acquisition of the Black Swan mine complex, Poseidon Nickel (ASX:POS) is acquiring another past-producing project which has been placed on care and maintenance. The company is purchasing the Lake Johnston nickel project and concentrator from Norilsk Nickel for an undisclosed amount which will very […]

Talon Metals has completed a first resource estimate at Tamarack

Talon Metals has completed a first resource estimate at Tamarack

Talon Metals (TLO.TO) has announced a first resource estimate on the Tamarack exploration project in Minnesota, where the company can earn a 30% interest from Kennecott, a subsidiary of Rio Tinto (RIO). This maiden resource estimate shows an indicate resource of 3.75M tonnes at 2.35% NiEq and an additional 3.11M […]

Pilot Gold has finalized the Cadillac Mining acquisition

Pilot Gold has finalized the Cadillac Mining acquisition

Pilot Gold (PLG.TO) has announced late last month that it has completed the acquisition of Cadillac Mining which owned the Goldstrike project in Utah. According to Pilot’s geologists, this project seems to be another Carlin-type project located off the main trend, and we have the impression the technical team at […]

Sama Resources finds new Copper-Nickel zone in Ivory Coast

Sama Resources finds new Copper-Nickel zone in Ivory Coast

Sama Resources (SME.V) has announced it has discovered a new zone with nickel and copper mineralization at surface just nine kilometers from the Samapleu project. This sector was identified during an airborne survey last year and now a hand-held XRF analyzer has sampled rocks with grades ‘up to 2.11% nickel […]