Shares of West Timmins Mining and Lake Shore Gold exploded upwards on news of an 83.4 metre drill intercept returning 12.75 grams gold per tonne on the Thunder Creek joint venture project in Ontario. West Timmins, which owns a 40 per cent stake, added C$0.58 to C$1.60, while Lake Shore gained C$0.46 to close at C$2.90.

Moving in the other direction were shares of Appleton Exploration. The junior tabled the final results from its Manalo gold project in Mali with the highlights including 7.53 grams gold per tonne over 1 metre. Appleton’s stock ended the day down C$0.185 at C$0.195.

Hathor Exploration cut 9.64 per cent U308 over 13.5 metres in the latest results from the Roughrider zone on its 90-per-cent-owned Midwest Northeast property in Saskatchewan. Hathor added C$0.07 to close at C$1.93

The resource bulls were back in charge but with more economic news pending, the bears are surely just waiting in the wings. We will see what Thursday trading has in store.

Source: Resource Stock Roundup: Thursday, June 25th, 2009

Colossus Minerals tagged more big numbers from its Serra Pelada project in Brazil. Highlights included 27.9 metres grading 35.49 grams gold per tonne, 19.89 grams platinum and 25.14 grams palladium. Colossus ended the session at C$3.50 for a C$0.12 gain.

Greystar Resources may have put out news of a new discovery on its Angostura deposit in Colombia but it is the neighboring Ventana Gold that has shareholders smiling. Ventana appointed Robert Pirooz to the board of directors. Mr. Pirooz is general counsel for Pan American Silver (NASDAQ:PAAS). Ventana reported a 94.5 metre intercept grading 5.83 grams gold per tonne from its La Bodega property. Lumina Capital holds 16.9 per cent of Ventana. Greystar closed up C$0.06 at C$3.80, while Ventana added C$1.22 to close at C$3.45.

After one day’s rest, the resource mojo is back for investors. We shall see what Friday trading has in store.

Source: Resource Stock Roundup:Friday, June 05th, 2009

Financially troubled Cue Resources tabled a big jump in resources on a portion of the San Antonio uranium deposit in Paraguay. The indicated resource tallies 9 million tonnes at 0.042 % eU3O8, while the inferred section came in at 1.1M tonnes grading 0.050% eU3O8. Cue ended the day down C$0.015 at C$0.10.

Speaking of financially troubled, Adanac Molybdenum added C$0.075 to close at C$0.10 after posting an updated resource estimate for its Ruby Creek molybdenum deposit in British Columbia. At a cut-off grade of 0.04% molybdenum, the measured resources now tally 43.6 million tonnes running 0.078% molybdenum.

Shares of Copper Mountain Mining added C$0.07 to close at C$0.52 after the junior stated that it is continuing to advance the Copper Mountain project in British Columbia towards production. Mitsubishi will fund the program through the $28.75 million line of credit provided.

Hathor Exploration tallied 10.18% U3O8 over 12 metres from its latest round of drilling on the Roughrider uranium discovery in Saskatchewan. However, the overall results were mixed at best and Hathor dropped C$0.12 to C$1.95.

The markets are looking for firm direction and with the economic data still looking weak, this flatline trend may continue for some time. We shall see what Friday trading has in store.

Source: Resource Stock Roundup: Friday, April 17th, 2009

International Tower Hill Mines came out with some metallurgical studies on its Livengood deposit in Alaska. The results indicate that a combination of grinding, gravity concentration and cyanide leaching of the tails increase average recoveries by 15% in the oxide/transition rock and by 30% in the sulphide rock, producing a global average gold recovery of 89%. Shares in the company added a penny to C$2.96.

Shares of Cline Mining added C$0.23 to close at C$0.48 after the upstart coal miner announced that the refurbishment and development to commercial production of its New Elk metallurgical coal mine in Colorado is proceeding well.

On the downside, Western Prospector Group received notice from the Mineral Resources Authority of Mongolia stating that Western’s exploration licences 7685X and 4969X, which are the primary licences for Western’s Gurvanbulag uranium deposit, have been suspended for three months due to violations cited by inspectors from Mongolia’s Atomic Energy Agency. The company is in the midst of a C$0.56 per share takeover offer from CNNC International. Western ended the day down C$0.16 at C$0.38.

A stock to watch is Hathor Exploration. The company was halted from trading pending news at C$2.07. Drill results are expected from its Roughrider uranium discovery in Saskatchewan.

The markets appear to have stabilized at these levels but the future direction remains cloudy as earnings start to pour in. We shall see what Thursday trading has in store.

Source: Resource Stock Roundup: Thursday, April 16th, 2009

Despite cutting 15 meters of 12.03% U308 at its 90 percent owned Midwest NorthEast uranium property in Saskatchewan, shares of Hathor Exploration continued to fall, dropping C$0.13 to close at C$2.16.

The PDAC Conference in Toronto is now officially over with most of the talk revolving around pending deals. We will see what Friday trading has in store.

Source: Resource Stock Roundup: Friday, March 6th, 2009

Shares of Century Mining dropped C$0.045 to close at C$0.035 after the company reported that Fortis Bank is walking away from financing its Lamaque underground gold mine in Quebec. Century now has the project up for sale.

Golden Band Resources says that its La Ronge gold project in Saskatchewan could produce 141,400 ounces of gold over fours years, generating an internal rate of return of 24.9% with capital costs ringing in at C$32.1 million. Golden Band ended the day unchanged at C$0.175.

Kirkland Lake Gold tagged 2.21 ounce gold per ton over 12.4 feet during exploration drilling on its the South Mine Complex near Kirkland Lake, Ontario. The company ended the day up C$0.43 at C$4.49.

On the uranium front, Hathor Exploration is about to resume drilling on its 90 per cent owned Midwest NorthEast property in Saskatchewan. A total of four rigs have been mobilized to the high-grade discovery. Hathor ended the day down C$0.20 at C$3.24.

Weakness in the financial sector continues to impact the overall markets, with liquidity and risk aversion being central themes. We will se what Wednesday trading has in store.

Source: Resource Stock Roundup: Wednesday, January 21st, 2009

Hathor Exploration (CVE:HAT) came out with ore stellar numbers from its Roughrider zone on the Midwest NorthEast property in northern Saskatchewan. The latest included 23 metres running 11.23% U308. Hathor ended the day up C$0.05 at C$2.29, while 10% owner Terra Ventures was unchanged at C$0.43.

Sherwood Copper (CVE:SWC) discovered a new high grade copper-gold zone at its Minto Mine in the Yukon. Located only 800 metres from the open pit and 200 metres from the proposed area 2 open pit area, the Copper Keel discovery yielded 2.07% copper and 0.86 gram gold per tonne over 24.5 metres. Sherwood ended the day at C$2.07 for a C$0.38 gain.

Romarco Minerals (CVE:R) cut 4.9 grams gold per tonne over 98 metres at its Haile Mine in South Carolina. The news sent Romarco shares up C$0.015 at C$0.165.

Gammon Gold (NYSE:GRS) produced 34,096 ounce of gold and just over 1.37 million ounce of silver from its Ocampo operation in Mexico during the third quarter. The company, which added C$0.81 to close at C$4.51, also discovered a new underground vein, dubbed San Amado.

It was a good day for shareholders of Iamgold as the mid-tier gold miner added C$0.66 to close at C$4.60 on the rising gold price.

That’s six winning sessions in a row for the junior bourse with buyers starting to line up on the more beaten down speculative issues. We will see what Wednesday trading has in store.

Source: Resource Stock Roundup…Wednesday, November 05th, 2008

For the tale of the tape, the TSX Exchange fell 0.69%, while the TSX Gold Index gave back 2% and the TSX Venture Exchange, Canada’s largest junior exploration bourse, dropped 0.16% with the declining issuers out pacing the advancers by a 534 to 471 margin on more normal volume of 222 million shares traded.

Shares in Potash North Resource finally took a rest after a string of positive sessions. The company dropped C$0.86 to close at C$3.20.

Another potash player, Raytec Metals announced a C$17 million financing comprising 10 million units at C$1.20 per unit and 3,571,500 flow-through common shares at a price of C$1.40 per flow-through share. A unit holds one share and one warrant, which is exercisable at C$1.60 for a period of two years. Raytec ended the day down C$0.20 at C$1.62.

On a percentage basis, it was a good day for the beleaguered shareholders of Constellation Copper. The financially troubled company got a boost after Jaguar Financial and an unidentified partner announced that they now hold a 9.9% equity position in Constellation and that they had made a restructuring proposal. Constellation ended the day up C$0.03 at C$0.06.

Hathor Exploration closed its C$15 million bought deal financing at C$3 per share and is now cashed up to advance the roughrider uranium zone in Saskatchewan. Hathor ended the day up C$0.27 at C$2.90.

A stock to watch is Redcorp Ventures. Shares in the junior, best known for its advanced Tulsequah Chief massive sulphide project in British Columbia and its problems with getting trapped in the asset backed commercial paper market, was halted pending news at C$0.205.

The junior bourse is feeling a little overextended with good trading volumes not pushing the market higher. Is it the calm before the storm? We will see what Friday trading has in store.

Source: Resource Stock Roundup Friday, June 13, 2008