Canada Top Stories

Osisko hits 2,223 g/t over 2.0 metres at Windfall

The company began an 800,000-metre drill program in 2015, and…

Pancontinental starts drilling Ontario nickel-cobalt-copper project

Pancon revealed that its objective for the initial phase of…

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Coal takes off

Without international agreements to limit greenhouse gas emissions, a new energy report sees world coal consumption taking off, rising from 139 quadrillion Btu in 2008 to 209 quadrillion Btu in 2035. The U.S. Energy Information Administration released its International Energy Outlook 2011 on Monday. While OECD countries, like the U.S., Canada, Australia and Japan, show a flat to declining consumption in coal, the non-OECD countries, namely China and India, show the demand for coal-powered energy exploding.

Lakeland gets a 30% bump on high gold grades at Midas

Lakeland Resources (TSX-V:LK) was up nearly 30% at the close of trading Tuesday, after the company said it made a new gold discovery on its Midas property in Ontario, Canada. A 1500-metre drill program returned grab sample values ranging from 2 g/t to 130 g/t, Lakeland said, with one non-assayed sample containing 5.92 g/t gold over 4.70 metres.

FLSmidth to acquire Canadian company Knelson

FLSmidth has today signed an agreement to acquire the assets of the privately owned company Knelson, a Canada based corporate partnership which is active within the minerals industries. Knelson develops, manufactures, and installs equipment for the recovery of precious metals such as gold, platinum and silver, as well as the enhanced gravity separation of base metals and industrial minerals with over 3000 installations in over 70 countries worldwide. The customer base comprises all the major gold, platinum and silver mining companies.

Quantum Rare Earth Developments Corp announces additional drilling results from Elk Creek, Nebraska

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2011) - Quantum Rare Earth Developments Corp. (TSX VENTURE:QRE)(OTCQX:QREDF)(FRANKFURT:BR3) ("Quantum", the "Company") is pleased to announce Rare Earth Element ("REE") results for the remaining two holes of the spring/summer exploration program at the Elk Creek Niobium – REE Project, located in southeastern Nebraska, USA. REE results have been finalized for drill holes NEC11-004, located approximately 2.5 kilometres east of the Niobium Deposit; and NEC11-005, located approximately 1 kilometre ENE of the Niobium Deposit.

Prophecy Platinum clarifies and restates certain disclosure

VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 20, 2011) - Prophecy Platinum Corp. ("Prophecy Platinum" or the "Company") (TSX VENTURE:NKL)(OTCQX:PNIKF)(FRANKFURT:P94P) reports that as a result of a review by the British Columbia Securities Commission (BCSC), it is issuing the following news release to clarify, retract, restate and update certain of its previously issued technical reports, investor relations presentations and disclosures on its website www.prophecyplat.com.

Altius and Century Iron Mines sign principal and royalty agreements on four Labrador Iron Ore properties

ST. JOHN'S, NEWFOUNDLAND AND LABRADOR--(Marketwire - Sept. 20, 2011) - Altius Minerals Corporation (TSX:ALS) ("Altius") and Century Iron Mines Corporation (TSX:FER) ("Century") are pleased to announce that they have signed a principal agreement and a royalty agreement (together, the "Agreements") covering four of Altius' regional iron ore projects in the Labrador Trough: Astray, Grenville, Menihek and Schefferville. Under the Agreements, Century will acquire a 100% interest in the four projects for exploration expenditures of $7 million per project and the issuance of 5 million Century shares cumulatively over a 5-year period. Altius will retain a 1% to 4% sliding scale Gross Sales Royalty ("GSR") on the properties as well as additional consideration of "bonus" Century shares as National Instrument 43-101 compliant iron ore resources are defined above various thresholds.