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Mothae Acquisition – Update Paragon Diamonds Limited, the AIM quoted diamond development company, has announced that, further to the announcement of 5 May 2015, the Company has now entered into a legally binding share purchase agreement with Lucara Diamond Corporation with regards to the acquisition of the Mothae Kimberlite Resource. Mothae is located close to […]

The Bank of Canada decided to cut interest rates by 25 basis points yesterday to 0.50%. This move was widely expected by economists who were surveyed on the matter and the Canadian Dollar quickly shed roughly 200 pips as forex traders were adjusting their positions. The Canadian economy, which is heavily dependent on commodity exports, […]

Positive Drill Update, Shoats Creek Project, Louisiana Northcote (LSE:NCT) has announced that the Lutcher Moore #20 well targeting the Frio Formation at the Shoats Creek Project in Louisiana, successfully reached total depth of approximately 5,500 feet on 14 July 2015. Mud logs have indicated the presence of hydrocarbons in the targeted payzone, in line with […]