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MGX Minerals Inc. (CSE:XMG) MGX Minerals Inc. (CSE:XMG) is nearing completion on the maiden resource estimate on its Driftwood creek magnesite deposit in British Columbia, Canada. The Company recently reported that preparations are underway to re-assay historic drill core, and results of the chemical analysis will be added to the resource estimate. Graphite One Resources …
MGX Minerals Inc. (CSE:XMG) is nearing completion on the maiden resource estimate on its Driftwood creek magnesite deposit in British Columbia, Canada. The Company recently reported that preparations are underway to re-assay historic drill core, and results of the chemical analysis will be added to the resource estimate.
Graphite One Resources Inc. (TSXV:GPH,OTCQX:GPHOF) reported results from the first ten of twenty holes diamond drill program on their Graphite Creek Project near Nome, Alaska. All 10 holes intercepted significant widths of high grade, near surface graphite mineralization which includes 50.18m of 6.13% Graphitic Carbon (Cg); including 6.15m of 17.33% Cg, and 38.87m of 10.57% Cg including 7m assaying 20.98% Cg. The Company is anticipating the results of the final 10 holes in the near future, and a revised NI 43-101 compliant mineral resource inventory to be completed in Q1 2015.
In October 2014, Alpha Exploration (TSXV:AEX) announced the completion of its airborne radiometric survey at its Kelic Lake Property in the Athabasca Basin, Saskatchewan. The Company anticipates results from these surveys.
Colt Resources Inc. (TSXV:GTP,OTCQX:COLTF) has reported positive intercepts from two of the first three holes recently drilled in the Gap Zone at its Tabuaço Tungsten Project in northern Portugal. Initial visual inspection of the mineralized skarns intersected by all three holes, both under natural light and short-wave UV-light indicated that in general they compared well with hole DHT-88. Given the visual results, sampling and assaying of the mineralized drill core of holes DHT-113 and DHT-115 was fast-tracked. The results for the third hole, DHT-114 are pending.
Energizer Resources Inc. (TSX:EGZ,OTCQX:ENZR,FWB:YE5) is anticipating the release of its bankable feasibility stage by the fourth quarter of 2014. Energizer Resources has a market cap of $37 million.
Highbank Resources (TSXV:HBK) announced in October that piling work for the load-out conveyor and mooring dolphins at its Swamp Point North aggregate mine was completed, and that the conveyor sections and receiving hopper are in place. The Company anticipates commencement of production soon.
Hinto Energy Inc. (OTCMKTS:HENI) expects to bring five additional Montana oil wells into production during the third quarter and the Company is in the process of reworking several of its Utah oil and gas wells. The results of these activities are expected to be announced late in the third quarter of 2014.
VanadiumCorp Resource Inc. (TSXV:VRB) is expecting a Preliminary Economic Assessment by the end of 2014 for its 100% owned Lac Dore Deposit in Quebec, Canada. VanadiumCorp has a market cap of $8.2 million.