The Stealth Palladium Bull
Kitco.com reported on The Stealth Palladium Bull :
Archive for June, 2010
Prophecy Resource Corp. and Northern Platinum Ltd. Sign Business Combination Agreement
Prophecy Resource Corp. (TSX VENTURE:PCY)(OTCBB:PRPCF)(FRANKFURT:1P2) and Northern Platinum Ltd. (TSX VENTURE:NTH) announced that they have entered into a binding letter of agreement for a Business Combination through a proposed all share transaction.
Melkior Continues to Intersect High-Grade Gold Mineralization in Timmins; Identifies Porphyry Style Mineralization
Melkior Resources Inc. (TSX VENTURE:MKR) announced results for the most recently completed three holes on its 100% owned Carscallen Gold Project located in West Timmins, Ontario, Canada.
Auto Sales Drive Palladium Price
Fears of a slowing recovery and a luke warm auto sales market have hurt the price of palladium over the past month. While sales in the largest markets mainly China and the US have improved year over year, data suggests a weaker outlook than predicted.
Nortec Submits Business Proposal to National Mining Corporation (ENAMI EP), Ecuador
Nortec Minerals Corp. (TSX VENTURE:NVT)(PINK SHEETS:NMNZF)(FRANKFURT:WMQ)announced that Mohan R. Vulimiri, Executive Chairman and CEO met with the Vice-minister for Non-renewable Natural Resources, the General Manager, and the technical, legal, and social executives of the newly formed National Mining Corporation (ENAMI) on June 8, 2010. Nortec submitted a formal business proposal to the General Manager of ENAMI, Mr. José Cisneros on June 11, 2010.
Franconia Minerals Corporation: Trading Update
Franconia Minerals Corporation (TSX:FRA) notes that, at the request of market surveillance and on behalf of the Toronto Stock Exchange, Franconia is issuing a statement that the company is not aware of any material undisclosed development that would cause recent movements in the company’s share price.
Prize Mining Announces Proposed Divestment of its Remaining Interest in the Yellowjacket Project
Prize Mining Corp. (TSX VENTURE:PRZ) announced the execution of a conditional agreement with Eagle Plains Resources Ltd. in which Eagle Plains has agreed to purchase from Prize Mining its remaining beneficial right, title and interest in the Yellowjacket project, including mineral and placer rights, and all equipment and infrastructure currently in place on the Yellowjacket mine site in exchange for a cash payment of CAD$400,000 and 2,000,000 common shares of Eagle Plains.
Gold Canyon Negotiates Amendments to Royalties Related to Certain Springpole Project Claims
Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) reported that it has entered into an agreement with Jubilee Gold Inc. to give effect to the transfer of legal ownership of five patented claims forming part of the Company’s Springpole Gold Project in the Red Lake Mining District of Ontario, Canada.
Platinum, palladium price woes for India car makers
Ibtimes.com reported that Platinum, palladium price woes for India car makers:
Nortec Minerals Corp.: Drilling Has Begun on The Seinajoki Gold Project in Finland
Nortec Minerals Corp. (TSX VENTURE:NVT)(PINK SHEETS:NMNZF)(FRANKFURT:WMQ) reported that drilling has begun on the Seinäjoki Gold Project in western Finland.
