Platinum Investing News

Franconia Minerals update

Researcher — Thu, 11 Mar 2010 04:58:33 +0000

Franconia Minerals Corp. (TSX:FRA) reported that, subject to receipt of the necessary disinterested shareholder approval, the company will adjust the terms of 3,667,626 warrants issued following the brokered private placement financing that closed on April 13, 2007.

The press release is quoted as saying:

Franconia is currently focused on the development of the Birch Lake copper-nickel-platinum-palladium project – consisting of the Birch Lake, Maturi and Spruce Road deposits – in the highly prospective Duluth complex in northeastern Minnesota.

Click here to access the entire press release

Click here to access Franconia Minerals Corporate Site

Colossus Minerals:Environmental License approved for Serra Pelada

Researcher — Tue, 09 Mar 2010 18:21:39 +0000

Colossus Minerals Inc. (TSX:CSI) reported that a Preliminary Environmental License has been issued for the Serra Pelada Project held by Serra Pelada Companhia de Desenvolvimento Mineral a joint venture company controlled by Colossus and of which COOMIGASP (Cooperative de Mineração dos Garimpeiros de Serra Pelada) is the minority shareholder.

The press release is quoted as saying:

Colossus is a minerals development company focused on the Serra Pelada high-grade gold-platinum-palladium project in Para State of Brazil.

Click here to access the entire press release

Click here to access Colossus Minerals Corporate Site

Platinum ETF Investing

Researcher — Mon, 08 Mar 2010 19:07:55 +0000

Seekingalpha.com reported on Platinum ETF Investing:

Precious metals ETFs have become a popular investment choice for investors looking to establish an inflation hedge or seeking a safe haven in times of economic uncertainty. While these assets are generally concentrated in a handful of gold and silver funds, a number of ETFs and ETNs offering exposure to platinum, one of the “forgotten precious metals” have seen a surge in popularity as well. While not as widely-used as gold and silver, platinum can serve a number of purposes in investor portfolios, offering potential for both diversification benefits and enhanced returns.

Click here to access the entire Editorial

Golden Chalice Resources Provides Project Updates

Researcher — Mon, 08 Mar 2010 19:04:12 +0000

Golden Chalice Resources Inc. (TSX VENTURE:GCR) provided updates on a number of its priority exploration projects.

The press release is quoted as saying:

Drilling has commenced its 100% owned Langmuir Nickel/Platinum/Palladium project, located 35 km southeast of Timmins, Ontario. On February 4, 2010 the Company announced it had commissioned a NI 43-101 resource estimate on its flagship Langmuir Nickel/Platinum/Palladium Project where 2007 drilling intersected 72 meters of 1.14% nickel. The Langmuir Project is easily accessible by road and is near existing mining infrastructure in the Timmins camp, host to numerous world-class gold and base metal deposits. The Company owns 100% of the property which covers more than 30 km of favorable stratigraphy with potential for hosting Kambalda-style deposits.

Click here to access the entire press release

Click here to access Golden Chalice Resource Corporate Site

Franconia Minerals Begins Drill Program at Its Birch Lake Project

Researcher — Thu, 04 Mar 2010 20:38:24 +0000

Franconia Minerals Corporation (TSX:FRA) reported that the company has initiated a new core-drilling program at its Birch Lake copper-nickel-PGM project in the highly prospective Duluth Complex in northeastern Minnesota.

The press release is quoted as saying:

The results from this latest round of drilling will also be used for pre-feasibility work to examine the potential of building a 20,000-tonne-per-day underground mine and production facility at the Birch Lake deposit.

Click here to access the entire press release

Click here to access Franconia Minerals Corporate Site

Melkior Resources updates on Drilling Eldorado

Researcher — Thu, 04 Mar 2010 00:07:06 +0000

Melkior Resources Inc. (TSX VENTURE:MKR) reported that the company has begun line cutting and ground geophysical surveying on seven grids designed to cover 9 separate electromagnetic conductors on its 100% owned Eldorado nickel property.

The press release is quoted as saying:

Melkior is a junior exploration company with active exploration projects in West Timmins and the Mc Faulds “Ring of Fire” areas of Ontario. Melkior also holds a 49% interest in the Delta Kenty nickel-copper-platinum-palladium deposit in Ungava and has several other gold properties in Ontario and Quebec.

Click here to access the entire press release

Click here to access Melkior Resources Corporate Site

Gold Canyon Appoints Investor Relations Consultant

Researcher — Wed, 03 Mar 2010 03:21:25 +0000

Gold Canyon Resources Inc. (TSX VENTURE:GCU)(PINK SHEETS:GDCRF) reporetd that, subject to regulatory approval, it has retained the services of Leo Karabelas of Frontline Communications of Toronto, Ontario, to provide various investor relations consulting services for, and on behalf of, the Company in connection with Gold Canyon’s interactions with media, broker-dealers, securities advisors, investment funds and members of the investment community.

The press release is quoted as saying:

Gold Canyon is engaged in the acquisition and exploration of mineral and precious metals properties. The Company controls a 100% interest in the Springpole Gold – Horseshoe Island Gold, Platinum, Palladium Project and Favourable Lake Poly-metallic property currently under option to Shoreham Resources Inc. pursuant to an option and joint venture agreement entered into in December 2005 – all in the Red Lake Mining District of Ontario, Canada.

Click here to access the entire press release

Click here to access Gold Canyon Resources Corporate Site

Colossus Minerals Update

Researcher — Tue, 02 Mar 2010 03:26:44 +0000

Colossus Minerals Inc.(TSX:CSI) reported that subsequent to the Company’s press release issued on February 26, 2010, there have been numerous publications stating that the vote by COEMA (Conselho Estadual de Meio Ambiente) to grant an environmental license for the Company’s Serra Pelada project was passed by a margin of 8 to 2.

The press release is quoted as saying:

Colossus is a minerals development company focused on the Serra Pelada high-grade gold-platinum-palladium project in Para State of Brazil.

Click here to access the entire press release

Click here to access Colossus Minerals Corporate Site

Platinum as an Investment Metal

Researcher — Sat, 27 Feb 2010 04:18:51 +0000

Seekingalpha reported on Platinum as an Investment Metal:

Platinum is a good alternative for investing in precious metals, despite the fact that it is not as popular an investment as gold or silver.Platinum is used in consumer and industrial products, including jewelry and industrial production. In fact, most platinum is used by the automotive industry in the production of catalytic converters.

Click here to access the entire Editorial

Colossus Provides Clarification of Rumours

Researcher — Sat, 27 Feb 2010 04:09:23 +0000

Colossus Minerals Inc. (TSX:CSI) responded to rumours circulated earlier today regarding the status of the environmental approvals for the Company’s Serra Pelada project.

The press release is quoted as saying:

Colossus is a minerals development company focused on the Serra Pelada high-grade gold-platinum-palladium project in Para State of Brazil. Between 1980 and 1986, Serra Pelada was host to the largest precious metals rush in Latin American history.

Click here to access the entire press release