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While MotherlodeTV.net is focussed on mining stories, the energy sector is warming up again. Even before the recent events in Saudi, oil prices have been rising and the Brent oil price just broke $60 a barrel for the first time since 2015. Positioning to take advantage of the firming oil price is challenging. Especially with the uncertainty which surrounds both heavy oil plays and fracking.
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to announce that, subject to TSX Venture Exchange approval it intends to issue, pursuant to a non-brokered private placement, up to:
The Abitibi region in Quebec is filled with gold mines both currently producing and shut down. For Philippe Cloutier, President and CEO of Cartier Resources (V.ECR) a closed mine is a huge opportunity.
Cartier Resources Inc. (TSX VENTURE:ECR) (“Cartier”) is pleased to announce that a 7000-meter drill program has been launched on the Fenton property, situated 50 km south-east of Chapais. Two drills will be employed for this program in order to explore the depth extension of the gold mineralization of the Fenton deposit (FIGURE).
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report that joint venture partner Power Metals Corp. (“Power Metals”) has received initial assay results from drilling at the Case Lake property near Cochrane, Ontario. As reported by Power Metals, drilling has intersected three wide high-grade lithium (Li) and tantalum (Ta) mineralized intervals including:
Ascendant Resources Inc. (TSX:ASND) (OTCQX:ASDRF) (FRA:2D9) (“Ascendant” or the “Company”) announced today that it plans to release its third quarter 2017 results after the market close on Monday, November 13, 2017. Management will host a conference call on Tuesday, November 14, 2017 at 10:00 am EST.
Increased production of higher value ore, improved recoveries and improved metal pricing has positively impacted financial results
Cartier Iron Corporation (CSE:CFE) (“Cartier Iron”), is pleased to announce that it is proceeding with a non-brokered private placement (the “Private Placement”) of up to 2,000,000 flow-through units of Cartier Iron at a price of $0.12 per unit (“F-T Units”) for proceeds of up to $240,000 and 7,000,000 non-flow-through units of Cartier Iron at a price of $0.10 per unit (“Units”) for additional proceeds of up to $700,000.