Canada Top Stories

Condor Gold shares soar as Nicaragua project grows

The company extended known targets and discovered new high-grade vein…

Acacia Mining ends earn-in deal with Sarama in Burkina Faso

Acacia chose to divest of South Houndé as part of…

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Kimberley Process members still divided over Zim diamonds

Zimbabwe has been given the green light to sell diamonds from its Marange diamond fields by the industry's leading certification system, but the decision did not have the backing of all members. Participants of the Kimberley Process, which aims to stop "conflict diamonds" entering the market, met this week in Democratic Republic of Congo to discuss the Marange diamond fields but remained divided over a final statement.

Cap-Ex Ventures: airborne identifies high priority DSO targets at Lac Connelly

Cap-Ex Ventures announced it has received and interpreted the preliminary data from the recently completed Airborne FALCON Gravity Gradiometer and High Sensitivity Magnetometer survey, conducted by Fugro Airborne Surveys Corp. The survey was conducted over the Company's wholly owned Lac Connelly property located in the Labrador Trough.

CMJ: CaNickel revives Bucko Lake

Canadian Mining Journal reports: Crowflight Minerals of Vancouver has received all the necessary approvals and will begin trading under its new name, CaNickel Mining Limited, on June 23, 2011. The company has also moved its business to British Columbia from Ontario. CMJ reports that since Crowflight restarted nickel mining at Bucko Lake near Wabowden, Manitoba, the mine has shipped 85 tonnes of nickel concentrate to Xstrata's smelter in Sudbury, ON. The mill is currently processing 600 tonnes per day. Image of the Bucko Lake mill, by Crowflight Minerals Inc.

Colibri reports more drill results at Ramard; 311 grams per tonne silver, 2% lead, and 3.4% zinc between 37 and 38 meters depth, plus multiple intervals of silver-lead-zinc.

Colibri Resource Corporation reports final results from a 2400 meter drill program at the Ramard silver project, in Sonora, Mexico. The Ramard property consists of over 4000 hectares of mineral concessions located 100 km north of the city of Hermosillo, Sonora, wholly owned by Colibri's Mexican subsidiary, Minera Halcones. The Ramard property contains numerous historical artisanal silver mine workings.

Lemon or Lamborghini Investors require the full picture on oilsands liabilities

Ever tried buying a car without an inspection? Or having only the engine examined but not the brakes? If so, you'd be playing a game of chance if the car had some rather expensive upcoming maintenance bills. Turns out for investors wanting to put their cash on the oilsands, it's currently not possible to have the full picture on oilsands liabilities Image is from Endleez at Wikipedia.

Montreal Gazette: Ontario mine workers walk off job

The Montreal Gazette reports: About two dozen non-unionized workers have walked off the job in a remote mining camp in northern Ontario — in an area known as the Ring of Fire — in protest of what they call unsafe conditions and unsatisfactory compensation. The workers put out a statement late Sunday saying they had stopped working over the weekend.

President and CEO Claude Mongeau says CN’s Alberta short-line rail acquisitions, upgrades total C$400 million: Rail investments key to economic growth in oil sands and other natural resource regions of northern Alberta

Claude Mongeau, president and chief executive officer of Canadian National Railway Company, said today the company will have invested almost $400-million to buy and rehabilitate four short-line railways serving resource-rich regions of Northern Alberta by year-end 2011.

Bearing Options Zymo Copper-Gold Project in British Columbia

Bearing Resources announced that the Company has entered into an option agreement with Eastfield Resources Ltd. ("Eastfield") to earn up to a 65% interest in the 12,113 hectare Zymo copper-gold project ("Zymo"), located 45 kilometres west of the town of Smithers, British Columbia. Exploration work carried out to date at Zymo, including surface sampling, geophysical testing and core drilling has identified a large copper-gold porphyry system. Four distinct porphyry targets have been identified over an open ended nine kilometre by three kilometre area defined by a coincident copper in soil and induced polarization ("IP") chargeability anomaly.