Excalibur Resources Ltd. is focused on two properties – the Sturgeon Lake Project, and the Silver King Mine. Their Sturgeon Lake Project is a 91 square kilometer VMS project in Ontario, Canada with minimal historic drilling. Their Silver King property in BC, Canada has a long history of mining back to the 1880’s.
Xtierra Inc. (CVE:XAG) reports the completion of the 9 holes at Bilbao. A second drill rig was recently mobilized to accelerate progress with the geotechnical and wider exploration portions of the program.The Company is pleased to announce that mineralization has been encountered in the first two step-out holes (X-84 and X-85) to the south, extending the [...]
Strategic Metals Ltd. (TSX VENTURE:SMD) announced that diamond drilling has begun at its Keg and Nikki Projects in Yukon and will start in about 10 days at its GK Project in the Red Chris – Galore Creek belt of northwestern British Columbia.
Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) announced that mobilization for its summer drill program at its 100% controlled Springpole Gold Project in the Red Lake Mining District in Ontario, Canada has begun.
SNS Silver Corporation (TSX VENTURE:SNS)announced that it has received additional assay results from first part of a phase 1 diamond drilling program on the Emerald Lake Property located 65 km northeast of Sudbury, Ontario.
Excelsior Mining Corp. (TSX VENTURE:MIN) announced that it has entered into a letter of intent dated June 16, 2010 with AzTech Minerals, Inc., a company incorporated under the laws of Arizona, to combine their businesses to create a well-funded, low-cost, growth-oriented, gold and copper exploration and development company.
While the contagion of fear in the markets is providing silver with a much needed boost this week, ongoing economic problems around the world will eventually weigh on industrial demand.
Santa Fe Metals Corp. (TSX VENTURE:SFM) reported that it has entered into a binding Memorandum of Understanding with Tahoe Resources Group LLC of Reno, Nevada, USA whereby the Company has agreed to sell and TRG has agreed to buy 40% of the Cuatro Ciénegas Project for US$5.0 million.
While investment demand will continue to be a driving factor in a healthy silver market, increasing industrial demand is also playing a strong role, according to the Silver Institute’s World Silver Survey 2010, produced annually by research firm GFMS Ltd.
While the price of silver followed gold up and up this month, teasing analysts and investors with hopes of breaking past $20 an ounce, the sometimes precious sometimes industrial metal fell hard the past two days.
Wednesday, July 28, 2010