Quebec lithium developer’s stock craters after cost blowout

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.

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 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.

Environment Canada has been criticized for excluding statistics indicating a substantial rise in overall pollution from the oilsands sector from 2008 to 2009 in its inventory report, while including numbers suggesting the industry was making progress

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.

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.

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 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.

Further to the announcement on 15 April 2011, Gold Fields announced that its shareholders have overwhelmingly approved the US$667 million acquisition of IAMGOLD Corporation's 18.9% stake in the Tarkwa and Damang gold mines in Ghana. Of the 603 million shares (84% of total shares in issues) that were voted at a general meeting 93% were cast in favour of the transaction.