Explorers

Four companies resource investors should know about this week

Quite a few interesting exploration results to go through this past week, with emphasis as usual on gold.

Silver Bull Resources (TSX:SVB)

Let’s start instead with zinc and solid assays from Silver Bull Resources’ (TSX:SVB) Sierra Mojada Project in sunny Coahuila, Mexico. We’re on the lookout for zinc projects because zinc is forecast (Morgan Stanley, and others, for example) to perform exceedingly well in the coming two years. A drop in 2012 production in China wiped out the oversupply of zinc and set the market back on its feet. “Zinc ended 2012 at $2,040/metric ton. The 2013 projection is $2,200/metric ton, an increase of 7.84% from 2012. The 2014 projection is $2,300/metric ton, up 12.75% from 2012,” ETF Daily News quotes Morgan Stanley as saying. Read more

Goldstream Minerals Motion Graphic

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Goldstream Minerals is a Toronto-based exploration company with assets in Eastern Ontario. Goldstream is a new investment vehicle, “Creating Organic Growth Through Discovery.” Read more

Slam up 83% on visible gold

Slam Exploration shares have jumped 83% in the past 5 days and 39% today (to $0.32) on reports of visible gold in drill results at its Menneval gold project in New Brunswick, Canada.

Three of nine reported holes contain visible gold.

“Two sites of visible gold occur in a 1.4 m core interval of quartz vein at a depth of 12.0 m in hole MG1224. A 4.5 m quartz vein interval in hole MG1225 contains flecks of visible gold at 17.2 m and 18.7 m respectively. Hole MG1226 intersected a 9.7 m quartz vein interval from 15.1 m followed by a 3.1 m quartz stringer zone from 24.9 m. Several coarse flecks of visible gold occur near 24.8 m,” according to the press release.

The company has so far traced the vein system over a 700 metre strike length, uncovering numerous instances of visible gold with “bonanza” grade assays.

In addition to this grassroots project, Slam has several other prospects in New Brunswick and Ontario.

The company remains tightly held with just 20 million shares outstanding and a market cap of $6.4MM.

SilverCrest extends mineralization south at La Joya

SilverCrest Mines (TSXV:SVL), with an established resource of over 100 million ounces of silver (~1.98MMoz AuEq at today’s prices) on its La Joya project in Durango, Mexico, has announced that drilling to the south of its present resource has returned positive results. Read more

Golden Reign gets EIS, approval for 150K metre drill program

Golden Reign Resources today announced a milestone in advancing its San Albino-Murra Gold property in Nicaragua. The company received approval on its Environmental Impact Study (EIS) from the government, allowing it to continue exploration on the large, historically active, mining project. The permit allows for up to 150,000 metres of drilling and 25,000 metres of trenching. Read more

Nemaska steps into marketing mode

Nemaska Lithium appears to be taking the next step toward production at its Whabouchi lithium project in the James Bay area of Quebec. (Video content below) Read more

Quest doubles resource, keeps focus on HREE

GoldQuest adds gold, investor opportunity grows

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

Tinka Announces Updated Silver Resource: 30+ Moz Ag

Prodigy Gold and Argonaut gold agree to friendly $341MM takeover

Argonaut Gold Inc (AR.TO) announced it will buy Prodigy Gold Inc (TSX.V:PDG) for about C$341 million ($348 million), taking control of Prodigy’s Magino project in Ontario. Read more

You’re hot then you’re cold! Are financings warming up?

If you needed any more evidence that the first three quarters of 2012 were dreadful for junior public companies, TMX Group today published financing statistics that review September 2012, but also year-to-date results for 2011 and 2012. The results are clear.  Read more

SilverCrest new La Joya zone: 35.2 m @ 52.2 g/t Ag, 1.6%

The company expects to double resources on the project with ongoing drilling Read more

More killer drill results at Solvista, top gainers, losers

Solvista Gold continues to announce excellent drill results from its El Reten target on the Caramanta project in Colombia. Read more

Explorer in Colombia jumps almost 40% on 147 m @ 2.10 g/t AuEq

Solvista Gold takes the Drill Hole of the Day Award easily with 149.7 metres grading 2.10 grams per tonne AuEq on its recent porphyry gold-copper discovery on its El Reten target on the Caramanta project in Colombia. Read more

Esperanza, Prophecy drilling, Ryan legacy continues

Esperanza Resources Corp. (TSX VENTURE:EPZ) today reported an updated and increased gold and silver resource at its wholly-owned Cerro Jumil gold project in Morelos State, Mexico. The company’s shares rose today by almost nine percent to $1.53 per share on more than double its average daily volume.  Read more

Junior resource stocks up on news, progress

Prodigy Gold shares were up 7.46% this afternoon and up 33% so far this month, ostensibly based on the company’s latest resource update released in August. Read more

Check out today’s best drill results

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

Prodigy Gold: The Magino Mine project as you’ve never seen it before

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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

Prophecy Platinum Wellgreen Animation: A very large precious and base metals resource

Prophecy Platinum’s Wellgreen deposit in Canada’s Yukon Territory contains a very large and rich base and precious metals resource. Read more

Leeward Capital: Pistol Lake Gold shines in rich Bathurst Inlet region

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The Pistol Lake Gold Project is located in the Bathurst Inlet region of Nunavut. Read more

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