A A
   Are you back in the market? New Poll!

Notes on News

Mon, Jan 12, 2009

Natural Resource Company News

Sprott Moly fund is being “unwound”.  They are distributing the assets to shareholders.

ELN  - high grade copper on Democratic Republic of Congo including 7m of 7% copper and 21m of 2.4% copper.  $2.7m cash.

LAT - 7g/t gold in Paraguay.  $5.2m in cash

GEM - lots of uranium drill results in Ontario.  All low grade.  Still $4.6m in cash

FWR - a small batch of results including 13.7g/t gold over 2m.  $10m cash

CBS - Moly results in BC.  Latest release is for a sample only, but past results include up to 0.15% moly.  $2.4m cash

***CSI - 60m of 14.37g/t gold and 1.8g/t platinum in Brazil.  Other good results as well.  $11m in cash. 

DM - Just released a preliminary assessment that looks pretty good.  IRR of 16% at 1.55 copper and $4.9 nickel on a project in Minnesota.  Market cap only $35m.  $14m cash.

WOO - Some good VMS results including 53m of 1.88% copper, 4.89% zinc, 0.39g/t gold and 70 g/t silver.  Very little cash. Very deep though - 600m.

XE - low grade uranium results in Nambia.  $19m in cash. 

AXU - $11m budget for 2009 on exploration, studies and community relations.  $10m in cash.

ALS - decent iron ore results in Labrador.  $164m cash, royalties from other projects. 

MAG - Good results - 1,052 g/t silver, 0.63 g/t gold, 3.68% lead and 6.86% zinc over 5.11 metres and 855 g/t  silver, 9.47 g/t gold, 1.22% lead and 2.92% zinc over 5.98 metres in Mexico.  Again, deep at 700m depth.  $60m in cash.

BTO - lots of low grade gold results in Columbia.  $60m cash, $80m market cap.

Email and Share: These icons link to social bookmarking sites where readers can share and discover new web pages.
  • E-mail this story to a friend!
  • Facebook
  • TwitThis
  • bodytext
  • del.icio.us
  • Google
  • Technorati
  • Reddit
  • Print this article!
Permalink: "Notes on News"

Tags: , , , , , , , , , , , , , , , , , , ,

Leave a Reply

Sign up today to receive Investor Kits from emerging resource companies.
Complete the form below to have Investor Kits sent to you today!
Allana Resources - Potash
Bayswater Urnaium
Colossus Minerals - PGM
Nevada Copper
Teryl Resources - Gold
Tournigan Energy - Uranium
 
Name:
Email:
Address:
City:
State-Province:
Country:
Zip-Postal:
Phone:
Asides
Need more info on Private Placements? Click here!


Archives