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…)

Here is some information related to the global supply and demand of nickel from the Daily Report on October 19 

o Nickel prices are currently trading at $15.40 per pound, just shy of the all time high and nickel inventories are near historic lows.

o A presentation by Macquarie Research at this year’s LME Dinner indicated that this year’s nickel deficit is 27,000 tonnes.

For 2007, despite nickel being projected to be in a surplus position of 7,000 tonnes, nickel inventories will remain low.

(more…)

Here is some interesting data on capital raised by Canadian listed public companies during the month of October for mineral exploration and development around the world. 

Total Amount Raised:   C$434,476,604.00
Total Flow Through:   C$129,846,024.00
Total for Base Metals:   C$244,589,721.00 (Between 35 companies)
Total for Precious Metals:   C$307,397,075.00 (Between 46 companies, 26 specializing in Gold)
Total for Diamonds:    C$11,923,582.00 (Between 5 companies)

Top Brokers by Value Raised:  Pacific International with C$34,073,125.00 and Sprott Securities with C$30,000,435.00
Top Regions:    Canada (with 74 companies, 29 of which have operations in BC) Latin America (Between 14 companies, 3 projects?or companies? in Argentina and 3 in Chile)

Source: http://www.canadianfinancing.com/

Cumberland Resources Ltd. recently arranged a Cdn$87 million equity financing to develop the Company’s Meadowbank Gold Project located within 160km’s of the southern end of Committee Bay Resources Ltd.’s Greenstone Belt Project in Nunavut. Meadowbank, host to Canada’s largest known pure gold open pit gold reserves, is forecast to produce an average of 330,000 ounces of gold per year over an eight year mine life. This is great news as it reinforces that the financial community sees true economic potential in Canada’s north.

We picked up a recent article from a publication produced by the London Metal Exchange. Analysts are bullish about nickel prices. Prices have bounced in the last quarter, and some firms, including Macquarie Bank, believe that nickel could be prone to more selling.  Some analysts, including those from Merrill Lynch, feel nickel has the most positive outlook in the base metals complex, with supply deficits for the next five years. (more…)