Black Smoker Ventures is presently focused on the exploration of the Fox Lake Property in Manitoba, Canada. Black Smoker’s 100% owned Fox Lake VMS Project consists of ground covering the former producing Fox Lake Copper Mine. A total of approximately 12 million tonnes grading 1.82 % copper and 1.78% zinc was produced from the Fox Mine in the years 1970 to 1985, according to the Manitoba Mineral Resources Division. Black Smoker Ventures has now completed the first modern deep penetrating geophysical survey on the property resulting in the identification of multiple targets.
12/07/12Black Smoker Ventuers provides drilling update at Fox Lake
07/05/12Black Smoker Ventures starts drilling at Fox Lake project
18/04/12Black Smoker Ventures acquires BC graphite project next to Eagle Graphite mine
10/04/12Black Smoker to begin drilling at Fox Lake project, shares increase 27%
Recent Sector News
Canadian shares gained a second day as energy producers climbed after positive economic reports from the U.S., the country's largest trading partner, indicated economic growth is gaining momentum, outweighing declines in mining stocks. The resource-heavy benchmark Standard & Poor’s/TSX Composite Index (TSE:OSPTX) added 0.4 percent to 12,557.31 at 12:33 p.m. in Toronto on Friday. Nine of ten groups gained.
If you think the pain in the resource sector is over, Rick Rule will gladly give you a reality check. But, the chairman of Sprott U.S. Holdings says being brash in a bear market where there is no competition will pay off.
Curis Resources (TSE:CUV) has arranged to raise $6 million through a non-brokered private placement financing, with funds to be used to advance the development of the company's Florence copper project in Arizona, which earlier this year yielded strong economics in a prefeasibilty report.
Iron ore explorer Afferro Mining (LON:AFF) (CVE:AFF) said talks are continuing with would-be buyer International Mining and Infrastructure Corporation (LON:IMIC) following confirmation the latter has the funds needed to launch a bid.
Largo Resources (CVE:LGO) has garnered some impressive feedback from analysts this week, with some saying the company has the potential to become a leading supplier of vanadium in the stable jurisdiction of Brazil.
Lithium Americas Corp. (TSE:LAC) says that its current president and chief executive, Dr. Waldo Perez, will be stepping down from his role, and will be replaced by director John Kanellitsas in the interim.
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