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Mining News

Alexandria Minerals

Alexandria Minerals Acquisition of Murgor Resources Completed
10 Mar 2015

TORONTO, ONTARIO–(March 10, 2015) – Alexandria Minerals Corporation (TSX VENTURE:AZX)(FRANKFURT:A9D)(PINKSHEETS:ALXDF) ("Alexandria") and Murgor Resources Inc. (TSX VENTURE:MGR) ("Murgor") are pleased to announce today the completion of Murgor’s previously-announced arrangement (the "Arrangement") under the Canada Business Corporations Act. The Arrangement was approved on February 24, 2015 by holders of Murgor common shares and Murgor stock options. The Superior Court of Québec granted its final order approving the Arrangement on February 25, 2015.  Read More...                                        

Bison Gold Resources

TORONTO, ONTARIO--(Marketwire - April 27, 2011) - Bison Gold Resources Inc. ("Bison Gold" or the "Company") (TSX VENTURE:BGE) today announced that it has closed the first tranche of its non-brokered private placement originally announced on April 8, 2011. The flow-through portion of the offering was oversubscribed with the Company raising aggregate gross proceeds of $1,576,080+399,840 by issuing 3,502,400 common shares issued on a flow-through basis under the Income Tax Act (Canada), as amended (the "Flow-Through Shares") for gross proceeds of $1,576,080 and issuing 1,142,400 units (the "Units") at a price of $0.35 per Unit for gross proceeds of $399,840.
"We are very pleased with the successful first tranche closing of our 2011 financing. The fact that Bison Gold was able to raise support at a premium to market and at a time when junior explorers have taken a 'breather' across the board is a testament to the company's future potential and to its very loyal shareholders that have supported the company's exploration program", says Amir Mousavi, VP Corporate Development.
"We will continue to work towards unlocking shareholder value through strategic development and exploration". Read more...                                                      

Callinan Royalties Corporation

VANCOUVER, Canada — The Board of Directors of Callinan Royalties Corporation declared on August 09, 2011 that the company will pay an inaugural quarterly dividend of two cents per common share on September 15, 2011, to the holders of the company’s outstanding common shares as of the close of business on the record date of September 1, 2011. Read more...

CaNickel Mining Ltd.

Vancouver, British Columbia --- September 30, 2011 --- CaNickel Mining Ltd. ("CaNickel" or the "Company"), is pleased to announce that it has been granted by the Manitoba government a revised Environment Act Licence (the "Licence") to construct and operate a land based tailing management area (the "TMA") at its Bucko Lake Mine, Wabowden, Manitoba.

The TMA is an expansion of the existing Interim Tailing Storage Facility (the "ITSF") and has a footprint of approximately 68.5 hectares to store all tailing from Bucko Lake Mine for the remainder of its existing mine life. Environmental studies indicated that the TMA would have a net benefit in relation to environmental impact, eliminating the need for sub-aqueous deposition of the tailing into Bucko Lake. The Construction of the TMA will be carried in two phases and the phase I construction is underway and expected to be completed by end of 2011 or early 2012.

"The granting of this License is a significant achievement for the Company." said Dr. Dianmin Chen, CEO of CaNickel. "The tailing storage issue concerning the Company over the past several years would now be resolved, and we are able to secure the privilege to continue to advance our strategic plan and ramp up and expand the operation at Bucko Lake Mine and to develop the untapped resources in the Company's projects in the Thompson Nickel Belts. We thank the Manitoba government and local community for their continued support to the Company." Read more...

Copper Reef Mining Corporation

March 7, 2011. Copper Reef Mining Corporation (CNSX: CZC) (the "Issuer") is pleased to provide an update on the Company in light of its recent transactions and private placements. Three major events have placed Copper Reef in a much improved financial position which now permits it to begin realizing its potential. Firstly, the transaction with Foran Mining Corporation which saw Copper Reef sell its 25% ownership in the Hanson Lake Joint Venture while retaining the all important royalty on the McIlvenna deposit, any additions to its tonnage or any new discoveries on the property. In this asset exchange transaction Copper Reef, in addition to its retained Royalty, received $1,000,000 in cash, four million shares of Foran, and five major Manitoba properties all with large copper, zinc and gold potential.
Every one of these properties contained an undefined tonnage or significant intersections of copper and zinc. The exception to this is the Smelter Claims lying just north of Hudbay Mineral’s Triple 7 head frame and the Callinan orebodies, which are currently being drilled, are located in the only portion of this stratigraphy not controlled by Hudbay. Secondly, upon acquiring the Smelter Claims, Copper Reef was able to arrange a private placement with Hudbay Minerals for $1,000,000 at $0.15 per share with a $0.15 warrant exercisable within 6 months. Read more...                                                              

Cream Minerals

Cream Minerals announced April 16, 2008 that it has signed an agreement with Geotech Ltd. and Walcott Geoscience to provide a VTEM survey over the Company's Wine Nickel and Grand Nickel properties in Manitoba.

The Wine Nickel property is located approximately 60 kms south east of Flin Flon, Manitoba and 12 kms north of VMS Ventures Ltd. discovery near Manitoba Highway 39.

On July 19, 2007, the Company reported assays from DDH Rad 07-01 for 66.8 feet from 182.6 to 249.4 feet at -49? as follows: - 1.30% Ni, 2.27% Cu, 0.319 g/t Au, 0.132 g/t Pt, 0.270 g/t Pd, with a subsequent assay September 18, 2008, of 0.05% cobalt. The true width is estimated to be 43.6 feet with an apparent plunge to the south east. Read more...                                                                                       

Great Northern Gold Exploration

VANCOUVER, Jan. 24, 2013 /CNW/ - Great Northern Gold Exploration Corporation, ("Great Northern Gold" or the "Company") announced that it has commenced drilling on its Wekusko Gold Property in Northern Manitoba.  Bodnar Drilling Ltd. of Ste. Rose du Lac, Manitoba has been contracted to complete the drill program. Read More....


HudBay Minerals Inc.

TORONTO, ON -- (Marketwired) -- 02/24/16 -- HudBay Minerals Inc. ("Hudbay" or the "company") (TSX: HBM) (NYSE: HBM) today released its fourth quarter 2015 financial results. All amounts are in US dollars, unless otherwise noted.

  • 2016 planned capital spending and operating expenses reduced by over $100 million compared to 2016 guidance, with no impact on production guidance. Read More...

Jiminex Inc.

February 3, 2011 – Pass Lake, Ontario - James R. B. Parres, President & CEO of Jiminex Inc. is pleased to provide an update on the current exploration activities. Geochemical analyses from drill samples from the Snow Lake, Manitoba property have been received from TSL Laboratories, Saskatoon, Saskatchewan and have been evaluated by the Company. Highlights include a 0.25 metre section from drill hole P10-3 which returned 1.8% copper and 1.51 grams per tonne gold from an intermediate volcanic tuff located at a hole depth of 132.50 to 132.75 metres.
Mr. Parres commented "The interesting copper intersection in hole P10-3 as well as the conductive zones containing anomalous geochemical values in copper and/or zinc in holes P10-1, -2, -3 and -5 require further evaluation. We intend to undertake further drilling to follow up on this copper intersection along strike as well as on several other anomalies not accessible before freeze-up.
Meanwhile, we are continuing with two drills active at our Hemlo property and are in the process of preparing a winter drill camp for our Pickle Lake drill program."
The majority of the conductors were determined to be 0.5 to 1.5 metre semi-massive (20-50%) pyrrhotite and pyrite zones in andesitic-dacitic-rhyolitic volcanic rocks. Six conductive zones in 4 holes had geochemically-anomalous values (greater than 500 ppm for copper and greater than 1000 ppm for zinc) in copper and/or zinc over widths varying from 0.25 up to 1.55 metres. The first phase of drilling on the Parres property in late 2010 consisted of drilling eight holes located into 9 VTEM airborne geophysical anomalies. Drill core totaling 1,847 metres was recovered and a total of 326 samples were sent to TSL laboratories for ICP-MS multi-element geochemical analysis. Copper, zinc, silver and gold were included in the 37 element analysis. Read more...

Nanika Resources Inc. 

VANCOUVER, June 24 /CNW/ - Nanika Resources Inc. (TSX-V: NKA and FSE: C7X) today announces that it has received assay results for the exploration program on Nanika's 100% owned Herb Lake property in Manitoba. Phase 1 of the work program included extensive prospecting, mapping and sampling. During the program a geological map in the scale of 1:10,000 was prepared.
The map will provide guidance in designing any future geophysical programs. Thirteen grab samples were collected and one of the samples collected during the program assayed 0.17% copper. The sample consists of disseminated chalcopyrite within metamorphosed volcanic rock. Nanika's geological staff believes the sample represents VMS type mineralization. None of the other samples returned significant values.
The Herb Lake property is located approximately 25 kilometers south of Snow Lake, Manitoba. Nanika's Herb Lake property is comprised of eleven mineral claims on approximately 5,930 acres to the immediate north of the Copperman Project of VMS Ventures Inc. (TSXV-VMS). Read more...

Rockcliff Resources Inc.

TORONTO, Jan. 24, 2013 /CNW/ - Rockcliff Resources Inc. (RCR: TSXV) is pleased to announce that its winter exploration program, including a minimum 1,500 meters of drilling, has begun at its Snow Lake Project located in central Manitoba.  Line cutting and a DPEM geophysical survey have commenced on the Tower Property.  Drilling will start in February or earlier and will begin at the former copper-zinc producer Dickstone Property then shift to the Tower Property.  The Snow Lake Project is located within the prolific Flin Flon greenstone belt, host to the largest Paleoproterozoic VMS district in the world. Read More...