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Minesite News headlines May 16, 2008

Canadian News

Minews Story: May 15, 2008

Great Quest Metals May Find Its Kenieba Concession In Mali Is A Tempting Target For Ambitious Avion Resources

When Canadian-listed Nevsun decided in September last year that the end of the road had come for its Tabakoto producing gold mine in Mali as well as for its neighbouring Segala property, it gave as the main reason that Tabakoto

Full story...
Minews Story: May 15, 2008

Pele Mountain Would Like To See The Price Of Uranium A Lot Higher By The End Of This Year

Patience is invaluable in the mining business, and Al Shefsky of Pele Mountain Resources has got it in spades. A brief trip back into history shows that his company was once involved in gold, diamonds, and nickel, but nothing

Full story...
Minews Story: May 15, 2008

A Timely Focus On Iron Ore And Beneficiation Looks Like Generating Big Rewards For G4G Resources

“Primarily our aim is to be producing iron products”, says Peter Arendt, chief executive of G4G Resources, a Canadian junior that’s just emerging with a new identity after a series of corporate transactions towards the end of

Full story...
Features: May 14, 2008

Silver At $4 Seems A Distant Dream As The Investment Case Strengthens With Every Dollar Printed

In 2007 the silver price surged to highs not seen since the Hunt brothers from Texas tried to corner the market back in 1981. From a low of US$4.028 per ounce in November 2001, silver has been on a steady upward trend. It's

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Minews Story: May 14, 2008

Kirkland Lake Gold Brings Shiny Lustre Back To A Tired Old Producer

It is an axiom of mining that “the old timers didn’t get all the gold”. In practice, most of them made a pretty good job of it, and it’s usually quite hard to find substantial new deposits in old mining camps. That, though, isn’t

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Features: May 14, 2008

There's Plenty Of Money Still On The Table For Deals, According To Ernst & Young

A report from financial services giant Ernst & Young released on 12th May, states that most of the world’s large mining companies expect to grow through acquisition over the next two years. Ernst & Young’s review of 2007 showed

Full story...
Commodities: May 13, 2008

Inflation Wipes The Smiles Away As The Dollar Rises And Metals Fall

After a long period of decline it now looks as if the dollar may have bottomed out, though few observers actually seem to be bullish on the US currency. Having got as low as $US1.60 to the euro, the dollar is now worth US$1.54,

Full story...
Minews Story: May 10, 2008

That Was The Week That Was … In Canada

Minews. Now over to our Canadian Correspondent to see how the Canadian Markets performed over the past week.

CC. It was all about first quarter earnings last week on the Canadian markets, and the gold producers lead the charge.

Full story...
Minews Story: May 08, 2008

Goldsource Mines Sparks Saskatchewan Coal Frenzy

It’s all a bit reminiscent of Diamond Field Resources’ discovery of the giant Voisey Bay nickel deposit in Labrador back in the 1990s, when the original target was diamonds. This time round, tiny Canadian-listed Goldsource Mines

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Minews Story: May 08, 2008

Orko Silver Could Be Onto A Company-Maker At La Preciosa

When we wrote about Canadian-listed Orko Silver towards the end of last year the suggestion was that the company was aiming to boost its resource estimate at its La Preciosa project in Mexico to 100 million ounces of silver, but

Full story...
Minews Story: May 07, 2008

Coal Is The New Black Gold For Kalimantan Gold

Kalimantan Gold has just signed a contract to explore for coal in Indonesia. Given that the name of the company suggests it’s looking for gold and not coal, Minews wondered if the company might be changing its name. Chief

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Minews Story: May 06, 2008

Magellan Minerals Has Embarked On An Exciting Voyage Of Discovery Down In Para State, Brazil

Having taken service in the rival Spanish crown, Ferdinand Magellan, who was Portuguese himself, actually spent a great deal of time avoiding Portuguese territory. Thus it was that on his great circumnavigation of the world in

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Minews Story: May 06, 2008

Commodity Watch Radio Interviews Ralph Shearing of Soho Resources

Ralph Shearing of Soho Resources (CA:SOH) tells us about his latest drill results and the strategy of Soho as they move forward.

Full story...
Commodities: May 05, 2008

The Nickel Market May Be Tightening, But Copper Stands Out As The Only Metal In Positive Territory

When the market has priced in all the bad news it can, any bit of good news can have a surprisingly large impact. On Friday US statisticians told us that US payroll numbers had fallen by 20,000. Not good news you might think.

Full story...
Minews Story: May 04, 2008

That Was The Week That Was … In Canada

Minews. Now over to our Canadian Correspondent to see how the Canadian Markets performed this past week.

CC. A speculative coal discovery in Saskatchewan continued to generate heat on the trading floor over the past week, while

Full story...

Canadian Mining News

Minesite Bullion prices

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METALS EXPLORATION PLC

METALS EXPLORATION PLC PLACING

May 16, 2008

Tianshan Goldfields

DRILLING COMMENCES AT GOLD MOUNTAIN

May 16, 2008

CHURCHILL MINING PLC

Antam, Jindal in nickel, stainless steel JV

May 16, 2008

Marengo Mining

Marengo delivers positive outcomes from Phase 1 of the Yandera DFS

May 16, 2008

U3O8 Limited

Tempest survey identifies major uranium anomalies

May 16, 2008

IMX Resources

NACHINGWEA NICKEL JV TO UNDERTAKE EXPANDED 2008 EXPLORATION PROGRAM

May 16, 2008

Silver Standard Resources Inc.

Silver Standard Announces the Appointment of Peter Tomsett as Chairman of the Board of Directors

May 15, 2008

Silver Standard Resources Inc.

Silver Standard Reports First Quarter 2008 Results

May 15, 2008

Caledonia Mining Corporation

Caledonia Mining Announces it’s First Quarter 2008 Results

May 15, 2008

Karelian Diamond Resources Plc

MORE MANTLE NODULE-BEARING KIMBERLITE FOR KARELIAN IN LATEST DRILLING AT SEITAPERA

May 15, 2008

GEODEX MINERALS

GEODEX APPOINTS TWO NEW DIRECTORS TO ITS BOARD AND PROVIDES SISSON BROOK PROGRESS UPDATE

May 15, 2008

CANADIAN ZINC

CANADIAN ZINC REPORTS FIRST QUARTER 2008 RESULTS

May 15, 2008

Rusoro Mining Ltd

Rusoro Mining Ltd. Appoints VP Finance and Interim CFO

May 15, 2008

Brinkley Mining Plc

Grant of Niger Exploration Permit

May 15, 2008

Marengo Mining Limited

EUROPEAN FINANCIER JOINS MARENGO BOARD

May 15, 2008

Silver Standard Resources Inc.

First Quarter 2008 Results and Conference Call

May 14, 2008

Silver Standard Resources Inc.

Silver Standard Increases Pirquitas Silver Reserves by 43%

May 14, 2008

Rambler Metals and Mining plc

Rambler Reports Latest Drill Results at the Ming Mine Drills 5.10 metres of 3.68 g/T Gold and 15.77% Copper

May 14, 2008

Strongbow Exploration Inc.

Strongbow Announces $3.3 Million Flow Through Private Placement

May 14, 2008

Northern Lion Gold Corp.

Northern Lion reports update on the drilling program in Portugal - Enfermarias Drilling confirms Copper mineralization at depth

May 14, 2008