Thursday, May 30, 2013

Lucara Diamond finds 239 ct stone

The big finds keep coming for Lucara Diamond Corp. The latest notable discovery is a 239.2-carat diamond from the Karowe Mine in Botswana.

In addition, two more large stones weighing 124 carats and 71.1 carats have also been recovered. The diamonds will be sent to Antwerp to be studied prior to being sold later in the year. The company explained that the diamonds were recovered from the central kimberlite domain, which has only recently become ore feed to the plant as the pit expands towards the south.

"The recovery of these large stones is hugely significant to both Lucara and Botswana,” said William Lamb, president and CEO.

BOTSWANA – Lucara Diamond Corp. of Vancouver has recovered a rare 9.46-ct Type II blue diamond from its wholly owned Karowe mine. The diamond is the first of its kind to be identified at Karowe.

Diamond production at Karowe is to be 270,000 ct in 2012 and approximately 400,000 ct/y thereafter. The mine has a life of at least 15 years based on a probable reserve from surface to a depth of 324 metres of 36.2 million tonnes containing 6.3 million ct.

Friday, May 24, 2013

Niko Resources Ltd.- NKO.t

Niko Resources Ltd.- NKO.t has operations in India, Bangladesh, Indonesia, Kurdistan Iraq, Madagascar, Pakistan and Trinidad.

Indian and Bangladesh production provides strong cash flows enabling the company to fund exploration activities.

On May 24, 2013 the company released News

RIL, BP and NIKO announce a significant gas condensate discovery in deepwater KG D6 block, offshore India

Reliance Industries Limited (RIL) and its partners BP and NIKO today announced a significant gas and condensate discovery in the KG D6 block off the eastern coast of India.
The KGD6-MJ1 well was drilled in a water depth of 1,024 metres - and to a total depth of 4,509 metres - to explore the prospectivity of a Mesozoic Synrift Clastic reservoir lying over 2,000 metres below the already producing reservoirs in the D1- D3 gas fields.

Formation evaluation indicates a gross gas and condensate column in the well of about 155 metres in the Mesozoic reservoirs. In the drill stem test, the well flowed 30.6 million standard cubic feet per day (mmscfd) and liquid rate of 2,121 barrels a day with a choke of 36/64" with a flowing bottom hole pressure of 8461 psia suggesting good flow potential. Well flow rates during such tests are limited by the rig and well test equipment configuration.



Thursday, May 23, 2013

Macro Industries Inc - MCR.v

Macro Industries Inc - MCR.v specializes in construction and maintenance of small- to mid-inch pipelines, facilities and gathering systems. Operations are centered in Fort St. John, B.C., with a satellite office located in Hinton, Alberta.

Macro Industries maintains one of the most modern fleets of heavy equipment in the industry.

On May 22, 2013 the company released Q1 Numbers
Summary of financial results
(thousands of dollars except per share amounts)
Three months ended March 31



Wednesday, May 22, 2013

Aurcana Corporation - AUN.v

Aurcana Corporation - AUN.v owns 100% of the Shafter silver mine and 92% of the La Negra silver-copper-lead-zinc mine.

The Shafter silver mine, located in Presidio County, S.W. Texas, has a NI 43-101 silver resource of 24.6 million ounces Measured and Indicated .

On August 29, 2014 the company released Numbers

Aurcana Corporation ("Aurcana" or the "Company") (TSXV: AUN, OTCQX: AUNFF”) is pleased to report its unaudited financial results for the second quarter ended June 30, 2014 (“Q2”). The summary of the selected financial information should be read in conjunction with the Condensed Interim Consolidated Financial Statements (Unaudited) and the related Management Discussion and Analysis for the quarter ended June 30, 2014, together referred to as the "Financial Statements", which have been filed on SEDAR ( and the Company's website ( All figures are in US dollars unless otherwise noted.

The most significant highlights for the 2nd quarter ending June 30, 2014 were:
•Silver equivalent ounces produced decreased by 4%, with 786,505 ounces produced in Q2, 2014, compared to 818,060 in Q2, 2013.
•Silver production was down 6% to 329,368 ounces in Q2, 2014, compared to 351,210 ounces in Q2, 2013.
•Revenues decreased $2.1 million to $9.2 million in Q2, 2014 from $11.3 million in Q2, 2013, mainly due to a combination of lower metal prices, lower amount of ounces sold and higher TCRC deductions.
•Mineralization milled was down 1% to 232,763 tonnes in Q2, 2014, compared to 235,388 tonnes in Q2, 2013.
•The average silver grade was 55 grams per tonne (g/t) in Q2, 2014 compared to 59 g/t in Q2, 2013, due to increased throughput of lower grade mineralization
•Cash cost per silver equivalent ounce increased 16% to $10.29 in Q2, 2014, compared to $8.90 in Q2, 2013, due to lower silver ounces produced and increased production costs.