The project, which has an established open pit mine life of 6.5, is in the midst of an expansion plan that will see reserves and mine life grow.Read more
Exclusive: Complete Romero results with AuEq grades
In May this year, after the resource sector had been tanking for a solid four months or so, GoldQuest bucked it’s long term slump in share price with a press release announcing fantastic drill results from its Las Tres Palmas trend in Dominican Republic. Read more
Newstrike Capital (TSX.V:NES) has continued to release outstanding long, high grade intercepts on its Ana Paula project in the Guerrero Gold Belt, in the State of Guerrero, north of Acapulco City. Read more
Good mining news isn’t budging the market a whole lot today (the TSX Venture exchange closed just barely up at 1,242.58), though several companies reported solid exploration and development results. Here are a few… Read more
Brian Maher, CEO: We’re standing approximately in the middle of what will be our future open pit mining operation here at Magino. Read more
www.prodigygold.com • 604.688.9006
Prodigy Gold Inc (TSX-V:PDG) President and CEO Brian Maher is excited about the prospects of the company’s flagship Magino mine gold project in Ontario. A successful bought deal financing in March brought in $42.5 million, showing that institutional investors share his confidence in the project. It’s easy to see why: the current known resource is very significant — Indicated gold resources of 2,176,000 ounces grading 1.00 gpt gold (67.6 million tonnes), and 1,721,000 ounces of Inferred gold resources grading 0.99 gpt (54.2 million tonnes) gold at a cut off grade of 0.35 gpt gold — and growing. In June 2012, Prodigy will wrap up a 60,000-metre drill program, bringing to 102,800 metres the drilling completed since the beginning of 2011. With new resource estimates on the horizon and a feasibility study scheduled for completion this year, a revaluation of Prodigy’s share price is likely. Maher discusses the road that takes Prodigy closer to production and other catalysts to Prodigy’s future growth.
www.silvercrestmines.com • 604.694.1730
SilverCrest Mines Inc (TSX‐V: SVL), a Mexican precious metals producer with headquarters based in Vancouver, BC, has an appealing business model. Thanks to cash flow from its flagship Santa Elena mine in Sonora, Mexico, SilverCrest is largely immune from stock dilution, one of the biggest risks that junior exploration companies face. Currently, the mine’s 2,500-tonne-per-day facility is expected to recover approximately 4,805,000 ounces of silver and 179,000 ounces of gold over the 6.5 year life of open-pit mining. An ongoing expansion plan at Santa Elena to construct a mill and go underground is underway which could make this mine an even bigger cash machine by 2014. Also, SilverCrest recently made a major new discovery at its La Joya Ag/Cu/Au project located in Durango. “We’re just at the tip of the iceberg at La Joya right now. Moving this project into advanced exploration and conceptual development in the future opens up a lot of opportunities,” notes COO Eric Fier. He discusses the company’s journey towards mid-tier silver/gold producer status with these two assets as cornerstones.
www.westernpotash.com • 604.689.9378
Two milestones are on the horizon for Western Potash (TSX: WPX) this year: the completion of the ongoing Feasibility Study and, potentially, a partnership deal. Its Milestone project in Saskatchewan is a giant deposit with an astounding recoverable resource that’s attracting potential partners. Based on its NI 43-101 resource estimate revised in 2011, the company is sitting on recoverable potash resource of 66.6 million tonnes of Measured Resource (contained KCl), 186.9 million tonnes of Indicated Resource, and 708.2 million tonnes of Inferred Resource.
The operative word here is “recoverable,” putting WPX in a league of its own. “There’s no other junior mining company in the world that has that amount of tonnage. Our in-place tonnage is 13 billion tonnes; that’s not what’s important.
The key metric is what you can get out of the ground economically,” says John Costigan, VP Corporate Development. He discusses the project’s progress and value proposition.
www.tournigan.com • 604.536.2711
Tournigan Energy Ltd (TSXV:TVC) is an exploration and development company that has built a portfolio of highly prospective uranium projects in Slovakia. By the first quarter of 2012 Tournigan will complete its re-launch as an advanced stage pure-play uranium company called European Uranium Resources Ltd with projects in Slovakia, Sweden and Finland. Europe has 186 nuclear power plants in operation and 19 new plants under construction and there is only one operating uranium mine within the European Union, in the Czech Republic. Clearly, Europe, a region with the world’s largest per capita consumption of uranium, has an urgent need to develop uranium production.
Potash is a vital fertilizer for farmers around the world. As populations rise and land available for agriculture diminishes, the need for increased crop yields grows dramatically.
Countries dependent on Chinese supply of strategic metals are pursuing strategies to respond to potential shortages of these metals. But while China’s dominance is causing due cause for concern, it also opens up opportunities for juniors developing alternative supplies outside China, writes Liza Mayer.
www.uraniumenergy.com • 1.866.748.1030
In every downturn there is an opportunity and Amir Adnani recognizes it when he sees one. Following the Fukushima nuclear incident in March 2011, the CEO of Uranium Energy Corp (NYSE-AMEX: UEC) and North America’s newest uranium producer, strategically acquired two uranium projects with extensive historic work in Arizona and one of the largest land packages globally with ISR potential in Paraguay. UEC’s acquisitions have demonstrated a significant vote of confidence in the fundamentals of the uranium sector. Amidst the challenges in 2011 UEC was able to execute on its key objective of initiating and ramping-up production at low cash costs. Adnani discusses UEC’s milestones in 2011 and why it is well positioned for major ongoing growth in 2012 and beyond.
www.avalonraremetals.com • 416.364.4938
Critical to an exploration company’s success is the quality of its ore deposits, and when it comes to rare earths, Avalon Rare Metals’ Nechalacho rare earth project in Thor Lake, NWT, has the goods. The Nechalacho deposit has the highest proportion of the more valuable heavy rare earths — over 20% in the Basal Zone. The heavies are the truly “rare” types of rare earths and are forecast to be in deficit in the years to come. “Avalon is probably the most advanced prospective new producer of the heavy rare earths and is in a good position to be first to market with a significant new supply of the heavies by 2015,” says President and CEO Don Bubar. He discusses the project’s progress and the key distinguishing features of Avalon as a rare earth investment opportunity.
www.temexcorp.com • 416.862.2246
Temex Resources (TSX-V: TME) CEO Ian Campbell smells success in exploring an old mining camp. But then again, the Whitney Gold Project is not just in any old mining camp; it hosts the Hallnor Mine, a multimillion ounce past producer and the highest grade past-producing mine in Timmins, Canada’s largest gold camp. Whitney has been outlining some stunning gold assay results, including hole TW11-145 with an intercept of 8.80 metres grading 37.90 g/t gold and 0.50 metres grading 648.13 g/t gold. This year, Temex will continue to rapidly accelerate Whitney along with the company’s other main project, Juby Gold in Gowganda, northeastern Ontario. Campbell shares why the next several months will be transformational for Temex and discusses the catalysts that would enhance shareholder value.
(Note: Temex has announced quite a lot of drilling news since this interview in early March 2012. The company’s initial drill program at its new Golden Lake Property contiguous to the west of the Juby Main Zone has commenced. In addition high grade gold mineralization was intersected in the Q Zone along with broad zones of gold mineralization in the Upper Hallnor zone on the Whitney Project. Look up the excellent gold intervals on by clicking here.)
www.evolvinggold.com • 604.630.0792
Evolving Gold’s joint venture agreement with Agnico-Eagle in 2011 has brought significant resources to Evolving’s Rattlesnake Hills discovery in Wyoming. Describing it as a “highly strategic” move CEO Bill Gee says the joint venture allows Evolving to focus most of its efforts and all of its capital on exploring its Carlin-Humboldt project in Nevada. Situated firmly on the Carlin Trend, the project has produced high-grade results in recent drill campaigns. “Evolving Gold (TSX:EVG) has a large land position in the prolific Carlin Trend, including 24 gold targets and a gold discovery with thick high-grade gold intersects. Our mineralization is ideally suited to the processing facilities being operated by majors on the Trend,” says Gee. He discusses the two projects’ progress and key reasons to invest in the company.
(Note: Evolving Gold has accomplished some important milestones since this interview in March 2012. The company sold shares of a Newco, Prosperity Goldfields, which netted approximately $4 million in proceeds with no dilution to Evolving Gold. The company also announced 2012 exploration targets on its Carlin, Humboldt and Jake Creek targets, totally $5 million (fully funded). In addition the company announced new gold targets at Rattlesnake Hills, which could net additional upside on the project. Get the details at http://www.evolvinggold.com/.)
www.malbex.ca • 416.628.0215
The stream of impressive results from Malbex Resources (TSX-V: MBG) is rightfully boosting CEO Tim Warman’s confidence. In its second drill season, the company’s flagship Del Carmen project in the Argentina side of the rich El Indio Gold Belt outlined some stunning gold assays. These include hole 52, the best overall, with an intercept of 267 metres grading 2.05 g/t gold and 29.3 g/t silver. Under the guidance of a team of top-notch geologists, some of whom are former Aurelian executives, Malbex expects to reach a number of milestones over the next several months. “We will build on the track record we had at Aurelian, where we took a penny stock to a $1.2 billion company, which was sold to Kinross in 2008,” says Warman.
www.kimberresources.com • 604.669.2251
PRESIDENT & CEO
The completion of an updated Preliminary Economic Assessment for its Monterde project in 2011 is a significant step forward for Kimber Resources (TSX: KBR and NYSE Amex:KBX). The project, located in the prolific Sierra Madre Gold-Silver Belt of Northern Mexico, already has three gold-silver mineral deposits defined. The PEA shows the potential for low-cost gold and silver production with an after-tax IRR of 40% and a mine life of over 15 years. CEO Gordon Cummings discusses the next milestones he expects the project to achieve over the next few months.
(Note about updates: Since this interview was conducted in March 2012, Kimber has announced further high-grade drill results from its gold-silver Monterde property in the prolific Sierra Madre belt of Mexico. MTC-151 intercepted 4.2 metres of 6.2 g/t gold and 47 g/t silver while MTC-157 intercepted 4.5 metres of 4.9 g/t gold and 124 g/t silver. Go to www.kimberresources.com or the company’s profile at RIANALYTICS.com to find out more.
Frederick W. Davidson,
PRESIDENT & CEO
IMPACT Silver Corp and Energold Drilling Corp are two successful companies led by Frederick Davidson. IMPACT is a profitable silver producer with a portfolio of advanced silver projects in Mexico totaling 623 square kilometers, which currently produces silver from multiple mines feeding a 500 tonnes per day processing plant at the Royal Mines of Zacualpan. IMPACT plans to grow into a multimillion ounce silver producer by starting production at its open-pit Capire Project, located in the Mamatla District, in 2012. Energold, IMPACT’s largest shareholder, is a global specialty driller that emphasizes an environmentally and socially sensitive approach to drilling, with over 240 rigs operating in 23 countries worldwide. The use of state-of-the-art highly-portable rigs provides a competitive advantage allowing Energold to realize consistent earnings and generate strong margins. Energold has won various awards as one of the fastest growing drilling companies.
(Note about updates: Since this interview was conducted in March 2012, both Energold and IMPACT Silver have achieved significant progress. Both have announced record revenues and earnings. IMPACT announced 1,875 g/t Silver across 1.00 meters and 115 g/t Silver across 23.39 meters at its Oscar Vein Corridor in Mexico. Energold completed a $20 million bought deal financing. Find out more at the companies’ respective websites or at the companies’ profiles at www.rianalytics.com.)