northern

The price of Silverhas fluctuated some over recent months but it remains at levels that make it anattractive mineral for prospecting attention. As of Nov 3 Silver made gains of0.8 percent, to $34.48 per ounce. Silver has alwaysbeen seen as a favourite mineral in the prospecting community; while not asexciting as Gold or PGM's it still is an attention getter when discovered. Thegrade needs to be higher than more expensive precious metals like gold, buthaving lesser amounts as by-products in... Read Full Story

I just read in a news story at mining.com that the British Geological Survey (BGS) on Wednesday published the latest list of the 52 elements, minerals and metals most at risk of supply disruption because global production is concentrated in a few countries, many with unstable governments. Link to full story It is surprising that the BGS places Antimony at the top of it's published (latest) list of the 52 elements, minerals and metals most at risk of supply disruption. Rare earths used in... Read Full Story

Found an interesting news story at BBC News Science and Environment written by Leila Battison Science reporter. The story talks about a study by the University of Bristol where scientists looked at the some of the oldest rocks on earth and demonstrated that that gold was delivered by meteorites long after their formation. A quote from the story   Their results are published in Nature. While the Earth was forming, iron sank to the centre of the planet, forming the core. Any precious metals in... Read Full Story

Zero hedge made a post titled Morgan Stanley Releases The Definitive Gold Stocks Report  Everything you always wanted to know about the future of gold stocks and much more is now answered in this 79 page monster of a report just released by Morgan Stanley, which finally joins the crowd and goes megabullish on gold stocks, by estimating that "currently c.$1500/oz of value is accounted for in reserves in the ground – so, at a $1800-1900/oz gold price, this leaves $400-500/oz for stakeholders... Read Full Story

TORONTO-NEW YORK - The Toronto Stock Exchange pared early triple-digit losses but still closed lower Tuesday as North American traders returned from the Labour Day holiday focused on persistent concerns about a global slowdown. The S&P/TSX composite index finished the day down 83.87 points at 12,518.54 after falling more than 200 points earlier in the session. The TSX Venture Exchange fell 20.54 points to 1,789.82. Wall Street markets also lost ground with the Dow Jones industrial average... Read Full Story

"Tawsho Mining is extremely pleased with these results. The level of successful holes with significant gold intersections is very encouraging. Holes number 6 and 8 contained values in excess of 0.58 ounces gold per ton (20 g/t) and 1.38 ounces gold per ton (47.3 g/t) respectively. These higher grades confirm that substantial amounts of gold are being carried in the hydrothermal and metasomatic fluids on the property. Of further significance is the fact that the strong gold showings were... Read Full Story

The Island of Newfoundland represents an emerging underexplored gold district, where focused exploration for precious metals was essentially non-existent prior to the early 1980's. Gold has been mined from epithermal (gold-copper) and orogenic (gold-only) deposits, and as a by-product in several volcanogenic massive sulphide (VMS) operations. Production from orogenic and VMS deposits is continuing, and a number of new advanced projects are targeting similar deposit styles. Ongoing exploration... Read Full Story

Located in Newfoundland Canada The Ghost Pond property covers 1325 hectare located in Central Newfoundland and situated on geology of the Roberts Arm Formation, a trend that contains numerous past mines and new advanced exploration projects.  The Robert’s Arm Group is a Mid-Ordovician marine volcanic, sub volcanic and volcaniclastic succession which can be traced from Notre Dame Bay in the north to the area of Lake Bond in the south.  The Robert’s Arm Group hosts several massive sulphide... Read Full Story

August 1 2011, For Immediate Release - Canada Bay Resources LTD Winnipeg Canada Canada Bay Resources Ltd today announced that significant milestones have been achieved in advancing the 2011 exploration program at its flagship Copper Project located near St. Juliens in Newfoundland Canada.  Today the drilling rig was positioned on station to begin drilling the first two holes of the 10 drill-hole diamond drilling program. This, the first of five drilling setups, was selected to target the high... Read Full Story

I read a very interesting press release today... it was good news for both of the companies working the Gold deposit and in advancing their exploration plans... cheers... yet it also helped to further highlight the value that can be achieved from a near surface gold deposit. The companies involved were doing this work to further prove the value of their deposit and not as a mining endeavor per say...  But as a prospector I also see reason to think that finding something were you can make $197... Read Full Story