Brilliant Mining Corp. hit an all time high of $2.85 on May 4th, reflecting strong gains in base metal prices last week.

 Nickel rose 10.6 per cent to $51,550 a tonne, after hitting a record at $51,600 Friday.
 Available stocks are still critically low at 3,354 tonnes while continued supply tightness is expected after disruption at the Voisey Bay nickel mine in Canada.

 Michael Widmer of Calyon  reported to  FT.com that stainless steel producers will cut output this year but this will not have a significant impact on nickel demand. He continues to say  that Calyon raised its 2007 average nickel price forecast from $34,580 to $44,080 and expects prices to average $50,000 in 2008

Base metals strength also inspired gains for gold, up 1.1 per cent to $688.50 a troy ounce this week.
Source: FT.com Financial Times
For full article click here

It is a very busy exploration year in the area that surrounds Kugaaruk in central Nunavut. The total exploration budget for the region is least $15-million for 2007. 

Indicator Minerals has encouraging diamond counts from an area only a short distance from the community.  A 25.5 kg kimberlite float sample from the 2006 field season recovered 176 diamonds. 

While Indicator has yet to find the source of the boulder, the company has started a $1-million exploration program on the Barrow property and will drill test the best geophysical targets defined in 2005/2006.

The UN Security Council voted October 20 to leave the international ban on rough diamond exports from Liberia in place until the end of the year. (more…)

Here are some interesting points, taken from the November 9, 2006 “Top of the Morning” Email letter, on the current consolidation occurring in the gold mining sector. (more…)

Uranium Exploration: Understanding Mineralization types and Interpreting Assay Results

Discovery Group is hosting its third seminar of the Educational Series meant to simplify the technical aspects of Mineral Exploration, give you the tools to read news releases, understand maps and fully evaluate what’s happening in the exciting uranium exploration sector.

When: December 5th, 2006, from 2:00PM until 3:00PM

Where: 4th floor of the YWCA at 535 Hornby Street, Vancouver, BC (more…)