Mindland Exploration, Inc. has announced that it will increase the total number of unexercised stock options outstanding it can have, from 2 million to 3 million. More details are in the news release.
Midland closed at 57 cents, down a penny on the day. At the end of the week, the bid was 57 cents and the ask was 59 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Friday, March 13, 2009
Duncan Park Holdings Won't Renew Lease Adjacent To Elephant Project
Duncan Park Holdings Corp. has announced that it won't renew the property lease it had with Nevada Land & Resource Company LLC. The lease, which ends April 1, was for approximately 5,235 acres that were adjacent to Duncan Park's Elephant Project.
Duncan Park did not trade today. The bid and ask are 3 cents and 4.5 cents, respectively. Its last trade was on March 2, at 4.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Duncan Park did not trade today. The bid and ask are 3 cents and 4.5 cents, respectively. Its last trade was on March 2, at 4.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Linear Gold Announces $5 Million Private Placement
Subject to regulatory approval, Linear Gold will be receiving $5 million gross proceeds from a private placement with Sprott Asset Management. Linear will issue 4,545,455 units at a price of $1.10 per unit. Each unit will contain one common share and half a purchase warrant; the warrants will have an exercise price of $1.50 and life of two years. The proceeds are earmarked for "working capital and to fund the acquisition, exploration and development of high quality gold focused assets." The news release has further details, and a statement from Linear's CEO.
Linear is currently halted. It last trade before the halt went at $1.00, for a drop of a penny on the day.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Linear is currently halted. It last trade before the halt went at $1.00, for a drop of a penny on the day.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Polar Star To Be Featured On BTV Program
Polar Star Mining Corp. will be featured on an episode of BTV - Business Television. The press release announcing it has airtimes.
Polar Star has not traded today; its last trade was on Tuesday at 30 cents. Current bid is 26 cents; current ask is 30 cents.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Polar Star has not traded today; its last trade was on Tuesday at 30 cents. Current bid is 26 cents; current ask is 30 cents.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Darnley Bay Cuts Finder's Agreement Deal With Russian Exploration Firm
Darnley Bay Resources, Ltd. has signed a finder's agreement with Almazintech, a Moscow-based mineral exploration firm. Further details, including how the two met, are in the news release.
Currently, Darnley is trading at 10 cents for a gain of 4 cents, but this leap took place before the above item was released. The current bid and ask are 7 and 9 cents, respectively.
Darnley's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Currently, Darnley is trading at 10 cents for a gain of 4 cents, but this leap took place before the above item was released. The current bid and ask are 7 and 9 cents, respectively.
Darnley's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Tiomin Loses 2 Cents/Share in FY '08, Same As '07
Tiomin Resources Inc. has reported a 2 cent per share loss for fiscal year '08. The loss was larger than '07's in dollar terms, but not in per-share terms. The company still has about $20 million in working capital. Further details are in the results release.
Tiomin last traded at 3 cents. Currently, the bid-ask is 3 cents - 3.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Tiomin last traded at 3 cents. Currently, the bid-ask is 3 cents - 3.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Recommendation For Detour, PDX Merger From RiskMetrics Group and Glass Lewis
RiskMetrics Group and Glass Lewis have recommended that the shareholders of Detour Gold Corp. and PDX Resources Ltd. vote for the proposed merger of the two companies. The boards of each companies also recommended the merger, unanimously for both. More details are in the news release announcing it.
Detour is currently up 16 cents at $8.75. PDX shares are currently unchanged at $2.20, after bobbing up earlier in the day.
Detour's Google Finance web page is here; PDX's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Detour is currently up 16 cents at $8.75. PDX shares are currently unchanged at $2.20, after bobbing up earlier in the day.
Detour's Google Finance web page is here; PDX's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Mundoro Mining Adds Richard Mundie as Director, Kang Lei As Vice President
Mundoro Capital, Inc. has appointed Richard Mundie to its Board of Directors and has hired Kang Lei as its Vice President, China Operations. The news release announcing it has career biographies of both.
Mundoro is currently trading at 43 cents, down 4 cents on the day. Its bid - ask, though, is 43.5 - 45.5.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Mundoro is currently trading at 43 cents, down 4 cents on the day. Its bid - ask, though, is 43.5 - 45.5.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Orsu Will Be Late Filing Its Financial Statements
Orsu Metals Corporation will delay filing its financial statements, M D & A, and Annual Information Form. The three reasons why are found in the news release.
Orsu is currently trading at 8 cents, down 0.5 cents on the day. Current bid-ask is 8 cents - 8.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Orsu is currently trading at 8 cents, down 0.5 cents on the day. Current bid-ask is 8 cents - 8.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Golconda Applies To B.C. Ministry To Trench Sample Mitchell Creek Property
Golconda Minerals Ltd. has applied to the B.C. Ministry of Energy, Mines and Petroleum Resources for permission to trench sample its Mitchell Creek placer property. This property overlays part the Mitchell Zone, which holds potential as a copper-gold zone.
Currently, Golconda has jumped up by 1.5 cents to reach 10.5 cents. Current bid is also 10.5 cents, and ask is 12.
Golconda's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Currently, Golconda has jumped up by 1.5 cents to reach 10.5 cents. Current bid is also 10.5 cents, and ask is 12.
Golconda's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Platinex Gets 3.19 g/t Gold over 5.05 m True Width From Herrick Drill Hole
Platinex Inc. has released results from 19 holes of its 26-hole drilling program on its Herrick prospect in Ontario. Ten of those sixteen drill-hole cores had intercepts with anomalous gold values, as spelled out in the news release. In addition to the 3.19 g/t over 7.15 m of core, at 5.05 m true width, another hole yielded 4.11 g/t over 5.20 m core with true width of 2.98 m.
Platinex hasn't traded yet today. Its current bid is 6 cents, and current ask is 11.5 cents. It last traded at 6.5 cents on March 5.
Platinex's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Platinex hasn't traded yet today. Its current bid is 6 cents, and current ask is 11.5 cents. It last traded at 6.5 cents on March 5.
Platinex's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Ivanhoe Expresses Thanks For Mongolia Prioritizing Approval Of Oyu Tolgoi
Ivanhoe Mines Ltd. issued a statement thanking the Mongolian parliament for making the approval of Ivanhoe's Oyu Tolgoi copper-gold mining complex a principal priority. The Investment Agreement will be at the top of the action list for the coalition government one the spring session starts, according to a State Great Khural press statement. The news release goes into more detail.
Ivanhoe is currently trading at $5.54, down 65 cents on the day, although the release of this item has accompanied a halt in an early-morning decline.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Ivanhoe is currently trading at $5.54, down 65 cents on the day, although the release of this item has accompanied a halt in an early-morning decline.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Kings Minerals Share Purchase Plan To Benefit San Anton, Proceeds For Pre-Feasibility Study
San Anton Resource Corp. has announced a share purchase plan put by its principal shareholder, Kings Minerals NL, to its shareholders for maximim proceeds of A$8,516,588. It's anticipated to close on April 3. In a comment, in the news release, San Anton's CEO said the proceeds will be used to fund a pre-feasibility study for its Cerro del Gallo deposit in Mexico - although the precise amount that would flow through to San Anton has yet to be determined.
San Anton hasn't traded yet today; its current bid-ask is 11 cents - 14.5 cents. It last traded yesterday at 11 cents.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
San Anton hasn't traded yet today; its current bid-ask is 11 cents - 14.5 cents. It last traded yesterday at 11 cents.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Kinbauri Files Revised Scoping Study, Base-Case Values El Valle Project At $146,121,600
Kinbauri Gold Corp. has filed a revised Preliminary Economic Assessment (scoping) study, which values its 100% owned El Valle/CarlTs project, in Spain, at $146,121,600 using gold price of $750 and copper price of $2.50 with 10% discount rate. Expected production is 894,000 oz gold and 89,825,000 lbs. copper. The news release has alternate numbers based on current market values for both copper and gold, as well as a more in-depth summary of the report.
Currently, Kinbauri is up 3.5 cents to 43.5 cents, but its bid - ask is 40-41.5.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Currently, Kinbauri is up 3.5 cents to 43.5 cents, but its bid - ask is 40-41.5.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Lake Shore Gold Appoints Ignacio Bustamante To Board Of Directors
Lake Shore Gold Corp. has appointed Ignacio Bustamante to its board of directors. The news release has Mr. Bustamante's capsule career biography, and a welcome message from the company's CEO.
Lake Shore is currently trading at $1.28, down 2 cents on the day.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Lake Shore is currently trading at $1.28, down 2 cents on the day.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Ventana Drills 48.00 m of 5.35 g/t Au at La Bodega
Ventana Gold Corp. has drilled 48.00 m of 5.35 g/t Au in Hole 87 of its current drilling program on its La Bodega property in Columbia. Two other holes were called attention to in the news release. Hole 91, with two zones separated by 28 metres, which contained 7.37 g/t over 26.00 metres and 8.68 g/t over 22.00 metres. Hole 94 had intercepts of 4.17 g/t 22.00 metres and 2.65 g/t over 81.80 metres, separated by 35 metres. The zone from which these results came, the La Mascota, has yet to be bordered.
Ventana is currently trading at $1.14, up 4 cents on the day.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Ventana is currently trading at $1.14, up 4 cents on the day.
Its Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Pacific Rim Mining Loses Less Than 1 Cent Per Share In Third Quarter Of Fiscal Year 2009
Pacific Rim Mining Corp. has released its third-quarter results for fiscal year 2009. It lost less than a cent a share in 3Q '09, as compared with a loss of 3 cents in 3Q '08. Loss for the first three quarters was 3 cents in '09 as compared with 6 cents in '08. In its results release, the company attributed the lessened loss to a deferral of its El Dorado feasibility study.
Pacific Rim's shares have not yet traded today. Current bid - ask is 21 cents - 23 cents; it last traded yesterday, closing at 22 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Pacific Rim's shares have not yet traded today. Current bid - ask is 21 cents - 23 cents; it last traded yesterday, closing at 22 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Takara, Garson Enter Into Strategic Alliance, With Share and Property Swap
Takara Resources, Inc. and Garson Gold Corp. have put together a strategic alliance, cemented by Takara taking 10 million shares of Garson in exchange for Takara's interest in five B.C. gold properties. The news release contains the details of this new arrangement, and notes that Takara plans to distribute the Garson shares to its own shareholders.
Takara has not traded so far today; its bid - ask is 3 cents - 4 cents. It last closed yesterday at 3.5 cents. Garson's last trade was at 5.5 cents, leaving it unchanged since yesterday; its bid - ask is 5 - 5.5.
Takara's Google Finance web page is here, and Garson's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Takara has not traded so far today; its bid - ask is 3 cents - 4 cents. It last closed yesterday at 3.5 cents. Garson's last trade was at 5.5 cents, leaving it unchanged since yesterday; its bid - ask is 5 - 5.5.
Takara's Google Finance web page is here, and Garson's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Niogold Increases Norbenite Shear Holdings By Seven Claims In Malarctic Township, Quebec
NioGold Mining Corporation has gotten a 100% interest in seven new claims contiguous to its Camflo West property, leaving it with 14 kilometres of claims along the historical gold-bearing Norbenite Shear. The company got the claims from Teck Cominco, Ltd., in exchange for 500,000 shares of NioGold and a 2% Net Smelter Return. NioGold can buy back half of the NSR cut for $750,000 within 90 days of a production decision being made. The news release contains further details, and a summary of the exploration work done to date on those seven claims.
NioGold closed yesterday at 13 cents, down a penny. As of the time of this post, the bid is 13 cents and the ask is 14 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
NioGold closed yesterday at 13 cents, down a penny. As of the time of this post, the bid is 13 cents and the ask is 14 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Kalimantan Gold Plans $500,000 Private Placement
Kalimantan Gold Corporation, Ltd. plans a private placement of up to 10 million shares at 5 cents per share. No warrants are in the deal. As the news release specifies, the proceeds are to be used for gold and coal exploration in Indonesia and general working capital purposes.
Thinly-traded Kalimantan hasn't traded since Feb. 24, when it closed at 7 cents. Current bid is 2 cents, and current ask is 7.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Thinly-traded Kalimantan hasn't traded since Feb. 24, when it closed at 7 cents. Current bid is 2 cents, and current ask is 7.5 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Fronteer Development Releases Resource Estimate For Long Canyon, 363,000 Oz. Indicated
Fronteer Development Group Inc.'s resource estimate for its Long Canyon project, in Nevada, came in at 363,000 oz indicated and 459,000 ounces inferred. This measure uses a 0.25 g/t cutoff. Using a 1.0 g/t cutoff gives a figure of 322,000 indicated and 369,000 inferred. The resources are at or near surface. The news release itemizes these results. This project is a joint venture with Auex Ventures, which has sent out its own take on these findings.
Fronteer closed yesterday at $2.86 for a gain of 13 cents. The bid-ask at the time of this posting is $3.08 - $3.08, indicating a significantly higher open. AuEx's, on the other hand, doesn't: current bid-ask is $2.40 - $2.45. Auex closed yesterday at $2.45 with a gain of 25 cents, though.
Fronteer's Google Finance web page is here; AuEx's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Fronteer closed yesterday at $2.86 for a gain of 13 cents. The bid-ask at the time of this posting is $3.08 - $3.08, indicating a significantly higher open. AuEx's, on the other hand, doesn't: current bid-ask is $2.40 - $2.45. Auex closed yesterday at $2.45 with a gain of 25 cents, though.
Fronteer's Google Finance web page is here; AuEx's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
MAG Silver Gets 3.32 g/t Gold Over 4.71 m For Drill Hole On Juanicipio Property
MAG Silver got an assay of 1,021 g/t silver, 3.32 g/t gold, 4.79% lead and 7.20% zinc over 4.71 metres (true width) for drill hole PD, which went through the Valdecanas Vein on its Juanicipio property. The second hole, RC, got 660 g/t silver, 2.45 g/t gold, 0.24% lead and 0.42% zinc over 4.15 metres true width. The third, KF, returned no significant values. The news release announcing these results contains further details.
This report was sent out early this morning. Yesterday, MAG closed at $5.23 for a gain of 7 cents. Its current bid and ask are both $5.25, indicating a higher open.
MAG Silver's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This report was sent out early this morning. Yesterday, MAG closed at $5.23 for a gain of 7 cents. Its current bid and ask are both $5.25, indicating a higher open.
MAG Silver's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Paramount Gold And Silver Get $9 Million In Financing From FMCI Financial Corp.
Paramount Gold and Silver Corp. has gotten a committment from FCMI Financial Corp. to purchase 12 million units at 75 cents per unit. Each unit will contain one common share and one purchase warrant, with exercise price of $1.05. The warrants will have a life of four years, but cannot be exercised until six months after they're issued. This deal will potentially lead to a Change of Control, as FCMI will hold 25.36% of the company if all warrants are exercised, but Paramount is going to invoke the Financial Hardship exemption in order to avoid the need to secure shareholder approval. NYSE Alternext approval for the private placement is pending. Paramount plans to use the proceeds to advance its San Miguel project and explore surrounding claims. The news release contains further details, and also notes that Paramount faces a TSX delisting review that the company believes is routine.
This item was webbed last night. Prior to it, Paramount closed down 6 cents at $1.02.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was webbed last night. Prior to it, Paramount closed down 6 cents at $1.02.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
SilverCrest Sells 20% Of Future Production To Sandstorm For $12 Million, Receives Right To Loan
SilverCrest Mines Inc. has forward-sold 20% of the production of its Santa Elena project, not yet a producer, to Sandstorm Resources Ltd. In exchange for US$12 million upfront, SilverCrest is obliged to sell Sandstorm up to that 20% with a price ceiling of $350/oz. After three years of production, the cap increases by 1% per year. The deal is contingent upon an equity financing going through for Sandstorm, on SilverCrest being cleared to bring the mine into production, and on SilverCrest getting sufficent financing to make Santa Elena a producer. In addition, SilverCrest can borrow US$6 million from Sandstorm at a rate of 7%, with a conversion feature. Half of the loan can be converted to SilverCrest shares at 80 cents per share; the rest can be converted into gold at $1000/oz. The news release goes into more detail on the agreement.
This item was disseminated last evening. Prior to it, SilverCrest closed at 51 cents, up 2 cents on the day, and Sandstorm didn't trade: its last close was on Monday, at 50 cents.
SilverCrest's Google Finance web page is here; Sandstorm's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was disseminated last evening. Prior to it, SilverCrest closed at 51 cents, up 2 cents on the day, and Sandstorm didn't trade: its last close was on Monday, at 50 cents.
SilverCrest's Google Finance web page is here; Sandstorm's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Sandstorm Enters Into Two Forward-Sale Agreements, Plans $60 Million Secondary Offering
Sandstorm Resources Ltd. has announced that it's entered into two gold-streaming forward-sale agreements, one with Luna Gold (detailed below) and another with SilverCrest. Also, Sandstorm is taking on a new director, Andy Swarthout, who will be replacing Marcel de Groot. In addition, there's a secondary offering planned for gross proceeds up to $60 million: 150 million Subscription Receipts at 40 cents per. Each receipt will entitle the holder to one share and half a purchase warrant. The warrants will have a life of five years and exercise price of 60 cents. The news release has details on all these items.
This update was sent out last evening. Sandstorm last traded Monday, and closed unchanged at 50 cents. Current bid is 45 cents, and current ask is 50 cents.
Sandstorm's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This update was sent out last evening. Sandstorm last traded Monday, and closed unchanged at 50 cents. Current bid is 45 cents, and current ask is 50 cents.
Sandstorm's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Gold Wheaton Makes Second, US$75 Million, Payment To First Uranium For Forward-Sale Rights
Gold Wheaton Gold Corp, through a wholly-owned subsidiary, has met the second part of its committment under an agreement with First Uranium, with an advance of US$75 million. Under this agreement, Gold Wheaton can buy up to 25% of First Uranium's production from its Mine Waste Solutions tailings-recovery program in South Africa. The news release contains further details, and notes that Gold Wheaton has already gotten 20,000 ounces of gold from First Uranium.
This news was webbed after the market closed. Beforehand, Gold Wheaton closed at 22 cents, up 0.5 cents on the day; First Uranium closed at $4.40, up 5 cents.
Gold Wheaton's Google Finance web page is here; First Uranium's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This news was webbed after the market closed. Beforehand, Gold Wheaton closed at 22 cents, up 0.5 cents on the day; First Uranium closed at $4.40, up 5 cents.
Gold Wheaton's Google Finance web page is here; First Uranium's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Gammon Gold Proposes Takeover Of Capital Gold
Gammon Gold, Inc. is about to take over Capital Gold, Inc. in a all-share deal. Both companies signed a Letter of Intent, and the terms of the deal are: 0.1028 shares of Gammon for each share of Capital. As of yesterday's close, this ratio would make each share of Capital worth more than 98 cents. This takeover is a friendly one, as the news release announcing it shows, and is subject to due-diligence requirements. A US$4 million breakup fee kicks in if the deal falls through, to be paid by the breaker to the breakee if the deal falls through on certain conditions.
This item was disseminated after trading ended. Gammon closed at $9.59, for a gain of 43 cents, and Capital closed at 81 cents, up 2 cents.
Gammon's Google Finance web page is here; Capital's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was disseminated after trading ended. Gammon closed at $9.59, for a gain of 43 cents, and Capital closed at 81 cents, up 2 cents.
Gammon's Google Finance web page is here; Capital's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Luna Gold Sells 17% Of Future Aurizona Production At Huge Discount For $17.8 Million, Receives Loan Also
Luna Gold Corp, has forward-sold 17% of future gold production from its forthcoming Aurizona Project in Brazil, with a price ceiling of $400 per ounce, in exchange for an upfront payment of US$17.8 million from Sandstorm Resources Ltd. This cap applies only to strip-mine gold: underground gold has a cap of $500. The cap increases by 1% per year starting in the fourth year of production. Luna also got a US$7.2 million project loan from Sandstorm, with a four-year term and rate equal to LIBOR + 6%. The news release has further details on the terms, and quotes Luna's CEO saying that Luna can now finance Aurizona to production.
This item was released after market's close. Earlier, Luna closed at 15 cents, leaving it unchanged on the day. Sandstorm didn't trade yesterday; it last closed at 50 cents on Monday.
Luna's Google Finance web page is here; Sandstorm's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was released after market's close. Earlier, Luna closed at 15 cents, leaving it unchanged on the day. Sandstorm didn't trade yesterday; it last closed at 50 cents on Monday.
Luna's Google Finance web page is here; Sandstorm's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Module Resources Grants 500,000 Stock Options To CEO
Module Resources, a NEX Board stock, has granted its CEO 500,000 stock options as of March 10. The exercise price is 11 cents, and they last for five years. There's already another 250,000 options granted that can be exercised, and all grants are well within the limits specified by company policy. The news release contains further details.
This item was sent out after market's close yesterday. Prior to it, Modular closed at 11 cents, unchanged on the day. The current bid is 8 cents, and the current ask is that same 11 cents.
Modular's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was sent out after market's close yesterday. Prior to it, Modular closed at 11 cents, unchanged on the day. The current bid is 8 cents, and the current ask is that same 11 cents.
Modular's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Duluth Metals' Drill Hole Gets 1.5 m Of 4.78 g/t Total Precious Metals In Base Metal Finding
Duluth Metals has announced the results of two holes drilled in its Nokomis Deposit in Minnesota. For hole MEX-153, in addition to anomalous base-metal findings, Duluth got 4.178 g/t Total Precious Metals (gold, palladium and platinum) in a 1.5 m subinterval of a 42.6 m interval that got 0.615 g/t TPMs. The second hole, MEX-154, had a 94.4 m interval with 0.443 g/t TPMs. The main findings were of base metals, and the values are detailed in the news release.
This report hit the web at mid-afternoon, ET. Subsequently, Duluth closed at 20 cents, down 1.5 cents on the day. At the time of release, it had already reached 20 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This report hit the web at mid-afternoon, ET. Subsequently, Duluth closed at 20 cents, down 1.5 cents on the day. At the time of release, it had already reached 20 cents.
The company's Google Finance web page is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
Golden Harp Options Block A Of Copper Hill Property To Benton Resources: 60% + 10% Interest
Golden Harp Resources, Inc. has granted an option on Block A of its 100%-owned Copper Hill property, comprising 351 claims out of the 855 in the property, to Benton Resources Corp. In order to earn a 60% interest in the Block, Benton has to pay $75,000 cash plus 550,000 shares to Golden Harp and spend $2 million on the property. The exploration work has to be done on this schedule: $500,000 within 12 months; and, $750,000 within 24 months; and, $750,000 within 36 months. The cash and share payments are to be made in three installments: the first made within 5 days of exchange approval, and the others one and two years after that date. An extra 10% can be earned by an additional $50,000 cash payment and $1 million in exploration work, but Benton must agree to do so within 60 days after earning the 60%. The news release has more details, and goes into the Block A findings so far. All drill results specified therein are historical.
This item was disseminated right after the market opened yesterday. Golden Harp later closed at 14 cents, unchanged on the day; Benton closed at 18.5 cents, dropping 0.5 cents.
Golden Harp's Google Finance web page is here; Benton's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
This item was disseminated right after the market opened yesterday. Golden Harp later closed at 14 cents, unchanged on the day; Benton closed at 18.5 cents, dropping 0.5 cents.
Golden Harp's Google Finance web page is here; Benton's is here.
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NOTE: This blog is confined to aggregating news relating to Canadian gold stocks, as well as to commenting on past and present price movements, and is intended as an informational resource. It is not intended to make recommendations, nor is it a tool for forecasting future price movements. Its author is not a qualified investment advisor, and as such cannot make any investment recommendations. Should you be interested in any stock that appears here, please consider carefully if it is suitable for you and your portfolio. Please also consider seeking advice from a professional investment advisor if you have not already done so.
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