Callinan Mines is a Canadian base metals exploration company dedicated to continuing a tradition of successful exploration that began in 1927. The company derives significant, and increasing, revenue from an historic royalty interest in two producing mines in Flin Flon, Manitoba. This income allows the company to keep dilution low as they develop high potential exploration properties in Manitoba and British Columbia.
Together with improving global economic conditions exploration endeavours are gathering pace. It always ushers in considerable confidence in the underlying project as well as the management as such efforts indicate the management’s desire to add shareholder value.
Recent Sector News
Canadian shares advanced for a fifth session as gold producers rallied and recovering oil prices pulled energy producers higher. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) rose 0.4 percent to 15,030.54. Two shares advanced for every stock that declined as seven out of ten main industries gained.
Falco Resources (CVE:FPC) has intersected VMS-style mineralization at its Lac Herve property in the eastern portion of the Noranda camp in Quebec, the company said Thursday, opening up some 15km of prospective land for similar potential discoveries.
Uranium Energy Corp (NYSEMKT:UEC) shares picked up Wednesday after the company received bullish feedback from analysts following the 77 percent expansion of its Burke Hollow resource in south Texas.
Parkside Resources (CVE:PKS) says it has wrapped up prospecting and sampling programs at its Wiggle Creek and Savant Lake gold properties in northwestern Ontario, which confirmed the presence of high grade gold mineralization on both assets. This includes one grab sample of 138.37 grams per tonne (g/t) gold and 10 other samples grading at least 20 g/t gold.
Analysts agree Energy Fuels pulls off strong quarter, healthy balance sheet & long-term potential key
Analysts are bullish on US uranium miner Energy Fuels (TSE:EFR) (NYSE MKT:UUUU), which announced a profitable quarter during a trying time for the industry, positioning the company well for the anticipated rebound in uranium prices.
Deveron looks to maximize potential at new Rockstone property as “one of the best structured exploration vehicles”
ProactiveInvestors speaks to David MacMillan, director of Deveron Resources (CVE:DVR), about the company’s plans for the coming months at its new Rockstone property, which is prospective for zinc and graphite, and what makes Deveron stand out from other Canadian juniors.
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