Resource
Luna Gold Corp. (TSXV:LGC) announced that it has been granted conditional approval to trade common shares on the Toronto Stock Exchange on October 2nd 2012, under limitation which must be approved by the TSX.
Abitibi Royalties (TSXV:RZZ) announced that it has received the initial gold resource estimates from Osisko Mining Corporation for the Charlie and Gouldie gold deposits, on which Abitibi holds a 2% Net-Smelter-Return.
Riverstone Resources Inc. (TSXV:RVS) reported Rotary Air Blast drilling results from the Liguidi Exploration Permit, confirming a gold soil anomaly over 13 kms long.
Platts reported that the price of asian molybdenum oxide fell to $11.50-12/lb due to low trade volumes from South Korea and China.
Mining Weekly reported that limited funding and unfavourable outlook for financing has caused ASX-listed Speewah Metals to suspend current pilot study and prefeasability work on its namesake titanium/vanadium project. The project was estimated to have a mine life of approximately 100 years.
Pancontinental Uranium Corporation (TSXV:PUC) announced that its Charley Creek REE project joint-venture partner Crossland Uranium Mines Limited reported project’s the outstanding initial heavy mineral concentrate test results in a press release.
Market Watch reported that investors are continuing to be bullish on silver in 2012, and investor demand is driving the price of silver, which has risen by more than 20% since the beginning of 2012.
Quaterra Resources Inc. (TSXV:QTA) and joint-venture partner Blackberry Ventures I, LLC, announced that a preliminary economic assessment of the Nieves property in Mexico concluded the potential for an open pit silver mine with an average yearly potential of 5 million ounces production per year.
Columbus Silver Corporation (TSXV:CSC) has entered into an option agreement with Santa Fe Gold Corporation, wherein Santa Fe may earn 100% interest in the Mogollon Project in New Mexico for US$4,500,000.
CNBC reported hovered around a 6 and a half month high, down 0.1% to $1,769.90 an ounce, supported by monetary stimulus by the world’s major Central Banks and the U.S. Federal Reserve.
