Canadian Mining Journal Staff, Author at Canadian Mining Journal

GOLD-TUNGSTEN: Mega Precious defining high grade mineralization at Monument Bay

MANITOBA – Mega Precious Metals of Thunder Bay, ON, is re-assaying old core from its Monument Bay gold-tungsten project 340 km southeast of Thompson. The results continue to define what the company calls "multiple parallel high grade gold...

Canadian Mining Journal Staff | April 8, 2015 | 4:31 pm

GOLD: Integra launches $10M private placement

VANCOUVER – Integra Gold Corp. has entered into an agreement with Macquarie Capital Markets Canada and Paradigm Capital for a $10-million bought deal private placement. Integra will issue 15.15 million flow-through shares priced at $0.33...

Canadian Mining Journal Staff | April 8, 2015 | 4:29 pm

Orex welcomes Agnico to Barsele in Sweden

VANCOUVER — Orex Minerals (TSXV: REX) has struck a letter of intent (LOI) on its Barsele gold and base metal property in the prolific mining district of Skelleftea, 600 km north of Sweden’s capital city of Stockholm,...

Canadian Mining Journal Staff | April 8, 2015 | 4:27 pm

COMMENT: Underground, wash plant fires underline need for increased safety vigilance

Fires at Canadian mines are rare, even rarer is the occurrence of two on the same day. Unexpected ignition happens, and the resulting fire can have a catastrophic outcome. Fortunately that wasn't the case in either Manitoba or British...

Canadian Mining Journal Staff | April 7, 2015 | 4:38 pm

DIAMONDS: Stornoway pours first concrete for Renard plant

QUEBEC – Montreal's Stornoway Diamond Corp. announced on April 7 that it has begun the main concrete pour for the processing plant at the Renard diamond mine, now under development 350 km north of Chibougamau. The milestone was reached...

Canadian Mining Journal Staff | April 7, 2015 | 4:37 pm

GOLD-COPPER: Seabridge raises $16.4M for exploration at KSM

BRITISH COLUMBIA – Seabridge Gold of Toronto has money in hand for this year's exploration program at the KSM gold-copper project 65 km northwest of Stewart. Including the overallotment, about 1.6 million flow-through shares were sold at...

Canadian Mining Journal Staff | April 7, 2015 | 4:36 pm

Lundin, Beaty bullish on Ecuador’s prospects

VANCOUVER — There are some savvy investors who are banking on a profitable shift in the Ecuadorian government’s approach to mineral exploration and development. The country has been high on the socio-political risk ladder over...

Canadian Mining Journal Staff | April 7, 2015 | 4:35 pm

URANIUM: Fission expands R780E zone, hits 14% U3O8 over 3.5 metres

SASKATCHEWAN – All 16 holes drilled this winter in the R780E zone intersected uranium mineralization, making that zone the largest in the Triple R deposit at the Patterson Lake South project, says owner Fission Uranium of Kelowna, BC.

Canadian Mining Journal Staff | April 6, 2015 | 4:24 pm

IRON ORE: Tata buys LIM’s share of Howse venture

LABRADOR – Montreal-based Tata Steel Minerals Canada has acquired the remaining 49% of the Howse joint venture. It bought out its partner, Labrador Iron Mines Holdings, for $5 million in cash. The buyout complied with the terms of the...

Canadian Mining Journal Staff | April 6, 2015 | 4:22 pm

ALUMINA: Orbite completes $10M bought deal financing

QUEBEC – Orbite Aluminae of Montreal has completed the first part of a public offering in the amount of $10 million. The underwriter, Euro Pacific Canada, has an option to purchase $5 million worth of additional units. The net proceeds...

Canadian Mining Journal Staff | April 6, 2015 | 4:20 pm

GOLD: Premier to buy Goldcorp’s 40% share of South Arturo

NEVADA – Premier Gold Mines of Thunder Bay, ON, is buying Goldcorp's 40% interest in the former South Arturo mine 35 km northwest of Elko, in the Carlin Trend. Barrick Gold holds the remaining 60%. South Arturo is 8 km northwest of...

Canadian Mining Journal Staff | April 6, 2015 | 4:18 pm

Belo Sun improves economics at Volta Grande

Belo Sun Mining’s (TSX: BSX; US-OTC: VNNHF) Volta Grande gold project in Brazil’s Para State has garnered positive attention from analysts after a feasibility study cut the project’s costs, making it more attractive.

Canadian Mining Journal Staff | April 6, 2015 | 4:16 pm

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