Canada Mining News

Oilsands Quest shares down 15.1 pct since SmarTrend said sell BQI

SmarTrend identified a Downtrend for Oilsands Quest AMEX:BQI on April 14, 2011 at $0.43. In approximately 2 months, Oilsands Quest has returned 15.1% as of todays recent price of $0.36.

Tarred by science

Some time before the end of this month, an expert panel appointed by the Alberta government is expected to unveil recommendations for a "world-class" system for monitoring the environmental impact of oil sands on the Athabasca River basin.

Bralorne produces gold

Bralorne Gold Mines announced the first successful milling results for its Bralorne mine operation located near Gold Bridge, British Columbia. Milling operations began on a test basis in early April with the processing of low grade material from the stockpile. The mill was operated nearly continuously during May, with gravity and flotation concentrates being produced.

Canada Lithium confirms Québec lithium mine viability; schedules site construction in Q3, 2011

Canada Lithium Corp. (TSX: CLQ; U.S. OTC: CLQMF) announced today the results of the updated feasibility study for the development of a mine and lithium carbonate processing facility at its Québec Lithium Project near Val d’Or, Québec. A National Instrument 43-101 compliant technical report respecting the updated feasibility study will be filed on SEDAR within 14 days. The June technical report will replace the technical report dated January 5, 2011, that was prepared in respect of a feasibility study for the project that was completed in December, 2010.

Alderon targets 800 million to 1 billion tonne resource at 28 to 32% iron with 2011 drill program launch

Alderon Resource Corp. (TSX.V: ADV) (OTCQX: ALDFF) is pleased to announce that its summer/fall 2011 drill program has commenced at the 100% owned Kamistiatusset (“Kami”) Iron Ore Project in western Labrador. The CDN $11 million program will consist of 26,000 metres (m) of drilling and is designed to upgrade the current resource as well as expand the known zones of mineralization and target new areas. Image by Alderon Resource Corp

Dalton can't write off golden future – The Whig Standard – Ontario, CA

Skyrocketing world gold prices are providing a boost to this province's northern economy, as mining companies look to old mines in search of the precious metal. Detour Lake gold mine, near Cochrane, will be the […]

Kitco denies Quebec tax fraud allegations over gold transactions

High-profile precious metals trader Kitco Metals Inc. vows to vigorously fight accusations that it took part in an elaborate fraud involving more than 100 companies that allegedly bilked the Quebec government of $150-million in sales […]

Prodigy Gold closes first tranche of Can$24.3 million placement

Prodigy Gold Incorporated has closed the first tranche of the previously announced private placement to raise Can$24.3 million through a placement of 28,170,000 common shares at a price of Can$0.65 per share plus 8,000,000 flow-through […]

Ivanhoe Energy closes Can$50 million bought deal public offering

Ivanhoe Energy Inc. confirmed the closing of its previously announced bought deal public offering of Can$50,000,000 principal amount of 5.75% convertible unsecured subordinated debentures at a price of Can$1,000 per Debenture. Ivanhoe Energy is an […]

Western Troy receives assay results at Deborah Lake

Western Troy Capital Resources has released drill results at its Deborah Lake Prospect near Schefferville, Quebec, Canada: The drilling program at Deborah Lake consisted of 2370 meters in 24 core holes drilled on a number […]

Nautilus withdraws capital raising

As a result of weak financial market conditions, Nautilus Minerals (TSX:NUS)(AIM:NUS) has decided to withdraw its proposed capital raising. Despite a positive response from investors during marketing of the proposed transaction over the past two weeks, adverse market conditions had meant that it was not in the interests of shareholders for the transaction to proceed.

Barrick offer for Equinox-additional shares acquired

Barrick Gold announced today that an additional 36,221,770 common shares of Equinox Minerals representing approximately 4% of the outstanding Equinox Shares on a fully diluted basis have now been taken up under the offer (the "Offer") by the Offeror to acquire all of the Equinox Shares at a price of C$8.15 per Equinox Share.

Shear Diamonds engages DRA Americas to evaluate Jericho diamond recovery plants

Shear Diamonds has engaged the services of DRA Americas to evaluate the existing diamond recovery plant at the Jericho diamond project, Nunavut. DRA is a world leader in the design and engineering of mineral process solutions with experience specific to Canada’s Northern diamond industry.

Two miners killed at Canadian nickel operation

Two workers died after they were hit by waste debris being removed from Brazilian miner Vale's (VALE5.SA) Stobie underground copper-nickel mine in Sudbury, Ontario, officials said on Thursday. The employees were working in a shaft about 1,000 metres below the surface on Wednesday evening when the accident occurred, and were dead when rescuers reached the scene, the company said.

De Beers to face price fixing lawsuit after court rejects jurisdiction claim

A British Columbia, Canada Supreme Court said it will hear a lawsuit alleging a conspiracy to increase the price of diamonds by De Beers.

MetaPower International receives purchase orders totaling $1,777,320 for management services with a major oil sands energy company

MetaPower International, Inc. (OTCPK: MTPR) is pleased to announce that the Company's subsidiary, MetaPower Canada, Ltd, has received additional purchase orders totaling $1,777,320 CD from a Canadian Energy Company's facility in the Oil Sands Region of Northern Alberta, Canada. The orders are for 1) Continued work on development, calculation and reporting of key performance indicators, 2) On-going work on the Process Safety Management project, 3) Work on the Business Process Management initiative.

Taseko announces first quarter 2011 earnings results

Taseko Mines announces first quarter earnings of $5.7 million, or $0.03 per share. Adjusted earnings1 were $10.8 million, or $0.06 per share, a 48% increase over the $7.3 million reported in the first quarter of 2010.

Red Deer Advocate – Court fight looming over Lower Athabasca land-use plan

Legal threats and scientific doubts are undermining the hoped-for peace that a provincial land-use proposal would have brought to Alberta’s oilsands region.

Hathor's summer expansion drilling is underway at Roughrider's far east zone

Hathor Exploration Limited (TSX:HAT) is pleased to announce that the 2011 summer diamond drill program is underway at the Roughrider Uranium Deposit in the Athabasca Basin of northern Saskatchewan. Two rigs are now on site and drilling has begun. The program will run for approximately 8 weeks, with some 7,000 metres of drilling planned. The drill program will be extended for as long as the mineralization at Far East remains open to the east.

Harry Winston Diamond Corporation reports fiscal 2012 first quarter results

Harry Winston Diamond Corporation (TSX: HW) (NYSE:HWD) (the "Company") today announced its first quarter Fiscal 2012 results for the quarter ending April 30, 2011. Robert Gannicott, Chairman and Chief Executive Officer stated, "This quarter's results reflect improving rough diamond prices combined with increasing sales and profit for the luxury brand segment.

CanAlaska Uranium to list on the Toronto Stock Exchange

CanAlaska Uranium Ltd. (TSXV: CVV)  ("CanAlaska" or the "Company") is pleased to announce that its common shares will be listed and commence trading on the Toronto Stock Exchange ("TSX") within the next two weeks.  The company's current trading symbol, CVV, will remain unchanged. "This graduation to the senior TSX board represents another milestone in the development of CanAlaska Uranium," said Mr. Peter Dasler, President & CEO.

Three of the top five highest paid executives in B.C. are miners – Vancouver Sun

On Wednesday the Vancouver Sun released its list of the highest paid executives in B.C. with several miners making it to the top five: And the No. 2 name on the list, Robert Quartermain, CEO […]

New resource estimate could revitalize historic Pickle Crow Mine

One of Canada's most successful, historic gold mines is poised for a renaissance following a new resource estimate that outlines 1.26 million ounces of gold. The updated NI-43101, filed Wednesday by Ottawa-based PC Gold, says the gold is contained in 10.15 million tonnes of ore averaging 3.9 g/t Au. The deposit has a higher-grade underground component of 1.1 million ounces averaging 5.4 g/t Au, with almost half — 600,000 ounces — contained in high-grade veins grading 9.3 g/t Au. Image by PC Gold Inc.

H2O Innovation awarded major CAN$9.4 million contract for Suncor Energy’s Fort Hills oil sands mine

H2O Innovation, a complete water treatment solutions company providing custom designed high performance systems for the municipal, industrial, and natural resources markets, announces today that it has been awarded a major $9.4 million contract by Fort Hills Energy for the Fort Hills Oil Sands Project operated by Suncor Energy Operations. This contract will see H2O Innovation design, build, install, and commission a water treatment package that will provide potable water for the workers of Fort Hills Project currently in development 90 kilometers north of Fort McMurray, Alberta.

Proposed Marathon Platinum Group Metals and Copper Mine Project in Ontario: Availability of $150,000 to Support Participation in the Environmental Assessment-Phase II

The Canadian Environmental Assessment Agency the Agency is making available $150,000 under its Participant Funding Program to assist groups and individuals to participate in the environmental assessment process of the proposed Marathon Platinum Group Metals and Copper Mine Project in Ontario.