Investing News Network

Aquila Provide Update on Back Forty Wetlands Permit Application

Aquila Resources (TSX: AQA) have announced that the United States Environmental Protection Agency has provided supplementary comments to the Michigan Department of Environmental Quality regarding the company’s wetland/stream/floodplain permit application for its Back Forty Project in Michigan. The Back Forty Project is a development-stage project delineating a zinc and gold rich volcanogenic massive sulfide deposit […]

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5 Highlights of the World Gold Council’s Q1 Demand Trends Report

The World Gold Council’s (WGC) Gold Demand Trends report for Q1 2018 has been released, showing that global gold demand fell 7 percent year-on-year to come in at 973.5 tonnes. With the lowest Q1 since 2008, the report states that the decline was due to “a fall in investment demand for gold bars and gold-backed

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Velocity Closes First Tranche of Private Placement for Gross Proceeds of $1.3 million

Velocity Minerals Ltd. (TSXV:VLC) (“Velocity” or the “Company”) announces the closing of the first tranche of its non-brokered private placement announced on March 22, 2018 (the “Financing”). The first tranche of the Financing raised aggregate gross proceeds of $1,324,365 through the issuance of 6,621,824 units (each, a “Unit”) at a price of $0.20 per Unit.

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Minera Alamos to Commence Drilling at Santana/Los Verdes Property

Minera Alamos Inc. (TSXV:MAI) reported that planning is nearing completion for the commencement of its new exploration drill program at the now combined Los Verdes/Santana gold project in Sonora, Mexico. As quoted in the press release: The phase one drill program consisting of up to 20 holes with a combined meterage of approximately 3,000 meters

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Chalice Gold Mines Makes Investment in Renforth and Options Denain-Pershing Property

Renforth Resources (CSE:RFR) (“Renforth” or the “Company”) is pleased to announce that an earn-in option has been granted to Chalice Gold Mines Limited (“Chalice”) of Western Australia on the Denain-Pershing Property. In addition, Chalice has agreed to participate in Renforth’s next financing transaction in the amount of $250,000, on the same terms (to be determined)

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Northern Vertex Provides Commissioning Update for Moss Mine

Northern Vertex Mining Corp. (TSXV:NEE) announced that they have completed five gold shipments and continue to meet the design expectations of their NI 43-101 feasibility report at its Moss Mine in Arizona. Highlights are as follows: Grade and tonnage reconciliation inline with reserve model Recoveries meeting feasibility numbers Crushing plant throughput better than feasibilityMining 241,000

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Wallbridge Closes Equity Private Placement

Wallbridge Mining Company Ltd. (TSX:WM, FWB:WC7) (“Wallbridge” or the “Company”) is pleased to announce the closing of its previously announced non-brokered private placement through the issuance of 28,518,657 common shares (“Shares”) of the Company at a price of C$0.07 per Share for gross proceeds of $1,996,306 (the “Offering”). No finder fees or commissions were paid

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Anaconda Mining Achieves Quarterly Gold Sales of 4,526 Ounces in Q1 2018

Anaconda Mining Inc. (TSX:ANX) reported its financial and operating results for the three months ended March 31, 2018 (“Q1 2018”). Highlights are as follows: First Quarter 2018 Highlights Anaconda sold 4,526 ounces of gold in Q1 2018, a 25.8 percent increase over the three months ended February 28, 2017, generating gold revenue of C$7.6 million

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