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Graphite junior miner raises $12.6 million for exploration

Zenyatta Ventures announced June 25 that a warrant exercise has yielded gross proceeds of $12.6 million for exploration at its graphite project near Hearst.

Coventry builds ounces at Rainy River gold deposit

Coventry Resources has filed a mineral resource estimate for its Dogpaw gold deposit in northwestern Ontario.

Pele updates resource estimate

Pele Mountain Resources has updated its NI 43-101 resource estimate for its Eco Ridge Mine project in Elliot Lake. The inferred resource tonnage has been increased to 36.56 million tonnes, at an increased average grade of 0.

A woman in charge

Zoë Yujnovich, president and CEO of the Iron Ore Company of Canada is the new chair of the Mining Association of Canada (MAC). In a June 19 release, the association announced Yujnovich is the first female chair in its 78-year history.

Wawa gold digger out to raise cash

Augustine Ventures announced June 21 that it has entered into a financing arrangement with IBK Capital to raise up to $600,000 in financing for its Wawa Gold project.

NAP cashes up LDI

North American Palladium announced June 19 that it has closed the first $10-million tranche of a private placement of flow-through shares for exploration work at its Lac des Iles mine near Thunder Bay .

Wesdome fast tracks Wawa mill upgrades

Wesdome Gold Mines announced that it's fast tracking upgrades to its milling facility near Wawa. Kappes, Cassiday & Associates, global milling experts from Reno, NV. are the consultants.

Prophecy lines up financing for Shakespeare project

Prophecy Platinum has completed a $5.9-million equity financing deal, part of which will go towards studies at the company’s Shakespeare PGM-nickel-copper property located west of Sudbury.

Probe Mines updates gold exploration in Chapleau

Results from drilling at Probe Mines’ Borden Gold project near Chapleau have been released and show potential for an underground operation.

Noront still “good to go” in Ring of Fire

While Cliffs Natural Resources has suspended work on its Black Thor environmental assessment (EA), its Ring of Fire neighbour, Noront Resources, announced its “good to go” on its Eagle's Nest Project and intends to submit its EA to the government thi