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Xmet – Expanding their footprint in the Duquesne District

Microcap company Xmet Inc. (XME.V) has committed a coup with today’s press release they are acquiring Clifton Star Resources’ (CFO.V) Duquesne project in Québec, Canada. Xmet is acquiring Clifton’s property very cheap, by giving them a strategic position of 19.9% in Xmet. With this acquisition, Xmet unfolds its plans for […]

CuOro Resources Corp.

CuOro Resources reports metallurgical test results

Yesterday, CuOro Resources (CUA.V) reported the positive results of the metallurgical tests they conducted at the Santa Elena VMS project in Colombia. The recoveries are extremely encouraging. Almost 95% of the copper and 97% of the gold was recovered from the massive sulphide sample, and the recovery rate for the […]

Rick Irvine with Rock Samples - Caballo Blanco

Goldgroup Mining – Caballo Blanco being delayed

Goldgroup Mining Inc. (GGA.TO) yesterday released a negative update on the Caballo Blanco project. The company announced the deferral of the evaluation of the Environmental Impact Assessment by SEMARNAT. The company explains they made this decision because of the outcome of the most recent presidential election, earlier this year. Enrique […]

Kaunisvaara mine area

Northland Resources – Ticking another box

Northland Resources SA (NAU.TO) announced today they secured four daily train slots on the Malmbanan railway. These four slots will allow the company to transport all the iron ore produced at the Kaunisvaara-Project to be railed to the port of Narvik, in Norway. All three parts of the logistics chain […]

Cuoro Resources Corp.

CuOro Resources – How low can it go?

We would like to draw your attention again to CuOro Resources Corp. (CUA.V), exploring for copper and gold in Colombia. CuOro is currently trading at 63 cents for a market capitalization of $19M and an enterprise value of approximately $10M. It’s been a while since the company released drill results, […]

Troy Mine - Montana

Revett Minerals – cheap silver exposure

If you’re looking for exposure to silver, we believe Revett Minerals Inc. (TSE:RVM – NYSEAMEX:RVM) could be a good choice. Troy Mine Revett currently produces approximately 1.3-1.4M ounces of silver per annum at their Troy Mine in Montana. The share price came under pressure after missing production targets in Q2, […]

Chinchillas Silver Project

Golden Arrow Resources sells the Gualcamayo NSR

Last Tuesday, Golden Arrow Resources Corp. (GRG.V) shareholders voted overwhelmingly in favor of the sale of the royalty on the Gualcamayo mine owned by Yamana Gold Inc. (TSX: YRI – NYSE:AUY). Premier Royalty Corporation will buy the 1% Net Smelter Royalty for $16.5M cash and 1 M warrants with a […]

Trun Project

EurOmax Resources – Profit Taking

We covered EurOmax Resources Ltd. (EOX.V) back in February, when they were trading at C$0.23. As the current share price is trading around half a dollar, we would strongly suggest taking some profits off the table at this point. Shares are up by almost 122% since February, and we think […]

Tembo hits the sweet spot – Again

Tembo Gold Corp. (TEM.V) has released new drill results from the Nyakagwe East Zone, at their 100% owned Tembo project in the Lake Victoria District in Tanzania. Tembo completed six diamond drill holes at Nyakagwe, and all of them have encountered mineralization. Hole TD-007 is the most remarkable one, intercepting […]

Mt Killara License (E53/1580) and New Application (E53/1706) - over Aeromagnetic Background

Proto Resources increases land position

Proto Resources and Investments Ltd. (ASX:PRW) announced they have lodged an application to expand their land position by approximately 117 square kilometers. The company decided to expand their footprint in the region after positive geophysics results earlier this year. After conducting an airborne magnetic and radiometric survey, the company discovered […]

Barnes Hill Drilling

Proto provides an update on Barnes Hill

Proto Resources (ASX:PRW) has updated the market on their Tasmanian Barnes Hill Project, which should go into production in 2014. The company received the results from iron ore beneficiation tests which show the possibility to extract the iron ore from the Barnes Hill project and produce saleable concentrate. The company […]

Plants, Refinery & Assay Lab

NWM Mining, Quo Vadis?

It’s been a while since we reported on NWM Mining Corp. (NWM.V), so now we’ll give our comments on the most recent developments. Q2 Production Numbers The production numbers in Q2 were slightly disappointing. Whilst we were counting on production in excess of 5250 ounces of gold, the company reported […]