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Vale SA

Betting on Iron Ore

As said in our blogpost on Northland Resources yesterday, iron ore prices have been sliding for almost 2 months now. 62%Fe is currently trading between $90 and $95 per tonne, which is a 3-year low. We believe iron ore prices are relatively cheap now, and even though we don’t believe […]

Northland Resources SA - Kaunisvaara mine site

Northland Resources – Europe’s next iron ore producer

After today’s drop, Northland Resources SA (NAU.TO) is getting interesting. At a shareprice of C$0.62, their market capitalization dropped to about C$320M, which isn’t very expensive if the company can reach its targets over the next 3-5 years. As there is no recent news, the drop of 25% over the […]

Columbus Gold Corp. - Site Visit

Report: Columbus Gold – Site Visit

Back in February this year, we flew to French Guiana to visit Columbus Gold’s Paul Isnard gold project. The company just completed a 15,000 meter drill program to increase and upgrade the current inferred resource base of 1.9M ounces at an average grade of 1.6g/t.

Simba completes passive seismic survey

Simba completes passive seismic survey

Simba Energy Inc. announced today they completed the First phase of field work on Block 2A in Kenya. During the seismic survey data from 218 listening stations was recovered and on top of that 675 geochemical samples were recovered. Final results and interpretations are expected within a few weeks. James […]

Empire announces First Quantum as its partner for Turkey

Empire Mining Corp. (EPC.V) announced a JV agreement with First Quantum Minerals Ltd. today whereby First Quantum can earn a 51% interest in the Bursa copper project by paying $1.5M in cash and incurring $8.5M in exploration expenditures over 3 years. First Quantum will also subscribe for $1.5M in a […]

Magino Gold Mine

Prodigy Gold announces a 6.1Moz resource estimate

We’ve covered the Magino Gold Project about 2.5 years ago, when it was a 1.5Moz deposit owned by Golden Goose Resources Inc. Later on, Golden Goose merged with Kodiak Exploration Ltd., and the combined entity continued as Prodigy Gold Inc. (PDG.V). Today Prodigy announced an updated resource estimate on the […]

Excalibur Resources receives explosive permit

Excalibur Resources receives explosive permit

Excalibur Resources Ltd. (XBR.C) announced today their 49% owned subsidiary received the expected permit to use explosives. This is extremely important news as this allows the company to open up new adits, and start digging high-grade ore from the underground veins. The Catanava plant is currently operational, and produced 100kg […]

BLEG-exploration explained

We had a short conversation with Carl Swensson, Technical Director of Global Metals Exploration NL, explaining the results of the BLEG (Bulk Leach Extractable Gold) -exploration programme at Jutson Rocks and how to interpret them. This is an integral paste of Carl’s answer: Geologists analyse most materials using an acid […]

Drill core and historic drill collar position: Helix Resources Limited

Drill campaign commencing at Mt. Venn

Global Metals Exploration NL announced they’ll start drilling at the Mt. Venn project within the next few days. GXN plans to drill 6 to 8 holes, targeting five electromagnetic anomalies. [image_frame style=”framed” title = “Planned RC drill holes at Mt Venn; Figure 4 (overleaf) Magnetics and VTEM targets at Mt. […]