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ResourceClips News

2.5 stars

140548 Reads | 23 Comments | 8 People call this a favourite

Original and independent market news on mineral exploration and mining.

  • Athabasca Basin & Beyond to April 17 - Part 2

    233 Reads | 0 Comments | April 18, 2015

    RADIOACTIVITY SPIKES AS UEX FINDS NEW FAULT AT HIDDEN BAY   Wolf Lake, the second target area of UEX Corp’s [T.UEX] Hidden Bay project, showed encouraging results as a new hydrothermally-altered graphitic fault system coincided with high radioactivity. A downhole radiometric probe showed one hole peaking at 4,348 counts per second at 215.4 metres in downhole depth, while...

  • Athabasca Basin & Beyond to April 17

    40 Reads | 0 Comments | April 18, 2015

    INDIA’S FAST-EMERGING MARKET BECOMES A CAMECO CUSTOMER   What was confirmed on April 15 had been anticipated all along—otherwise, why would Saskatchewan Premier Brad Wall just happen to join the Ottawa announcement by Prime Minister Stephen Harper and his Indian counterpart Narendra Modi? Athabasca Basin heavyweight Cameco Corp [T.CCO] clinched a five-year deal to supply...

  • Commerce Resources Updates Ashram Rare Earths Drill Program

    90 Reads | 0 Comments | April 16, 2015

    In an April 15 report from the Ashram rare earths deposit in northern Quebec, Commerce Resources [V.CCE] announced completion of 22 holes totalling 2,650 metres. The winter/spring program consists of infill drilling, geotechnical drilling and downhole surveying, as well as hydrogeological testing while the project advances towards pre-feasibility.   Definition drilling focused on...

  • A Matter of Necessity: Rob McEwen Clarifies Cartel Comment

    224 Reads | 0 Comments | April 15, 2015

    McEwen Mining [T.MUX] CEO Rob McEwen wants to clear up any misunderstanding about any “relationship” with criminal cartels. In an April 9 BNN interview about the 7,000-ounce gold heist at his company’s El Gallo 1 mine in Mexico, he was asked if that part of the country is dangerous. McEwen responded: “It hasn’t been. I mean the cartels are active down there...

  • Over Three Years Later, the BCSC Rules on Geo's Tip-Off, Wife's Insider Trading

    173 Reads | 1 Comment | April 14, 2015

    News from her geologist husband helped Amina Weicker swing a $40,000 profit through insider trading, the British Columbia Securities Commission found. On April 10 the BCSC stated the investor’s husband, Robert Weicker, “tipped his wife” and that she consequently “engaged in illegal insider trading.”   The circumstances go back to 2011, when Geo Minerals...

  • Goodbye Morden Mine? Part 2

    58 Reads | 0 Comments | April 12, 2015

      Among the mine disasters was one of Canada’s worst, an 1887 explosion that killed 153 workers. Months later, when another blast killed 60 more men, the region’s mines “were gaining a reputation as among the most dangerous in the world,” according to the Nanaimo Museum. The carnage continued, as did labour strife.   But by the time Nanaimo was mined...

  • Goodbye Morden Mine? Part 1

    49 Reads | 0 Comments | April 11, 2015

    Look around downtown Nanaimo and you wouldn’t know that British Columbia’s mining industry started here. Hidden from sight are the extensive workings where men dug coal beneath the streets, the harbour and the nearby islands. Gone are the wharves, the narrow-gauge tracks that comprised western North America’s first railways and the mines’ surface structures. Several...

  • Unflappably Unfazed, Rob McEwen Discusses the 7,000-Ounce Gold Heist

    79 Reads | 0 Comments | April 10, 2015

    If you like your mining CEOs calm, confident, soft-spoken and even smiling in the face of calamity, Rob McEwen’s your man. Speaking with BNN’s Andrew Bell on April 9, the McEwen Mining [T.MUX] boss presented a model of poise, at times smiling broadly as he discussed the 7,000-ounce gold robbery two days earlier at his El Gallo 1 refinery in Sinaloa, Mexico. McEwen owns a 25...