QUEBEC – Initial metallurgical testing at Sirios Resources’ Cheechoo gold project, in the James Bay region of Quebec, shows the company can expect high gold recovery rates from its flagship project. Testing on composite samples from the project r…
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ONTARIO — Several years after Rubicon Minerals was forced to shut down trial mining at its Phoenix gold mine in Red Lake, Ont., when it realized its geological model was faulty, the company has released a new preliminary economic…
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Imperial Metals’ sale of a 70% interest in the Red Chris copper-gold mine in B.C. has officially closed, with Australia’s Newcrest Mining now the operator of the asset. Newcrest paid US$804 million for its majority interest. The deal was first…
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QUEBEC — Wallbridge Mining is ramping up exploration drilling at its advanced Fenelon gold project, in northern Quebec – adding two new drill rigs for a total of six. The company is targeting 70,000 to 80,000 metres of drilling this…
The po…
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TORONTO — In return for a cash payment of US$40 million, gold miner TMAC Resources has sold a 1.5% NSR royalty to Maverix Metals. Maverix already holds a 1% NSR royalty on TMAC’s Hope Bay gold mine in Nunavut. TMAC’s…
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GOLD: TMAC raises US$40M with royalty deal Read More »
BRITISH COLUMBIA – Recent drilling at Sun Metals’ Stardust project in north-central B.C. confirms the continuity and strength of mineralization at the project’s 421 zone, the company says. The junior reported intervals of up to 58 metres grading 2.49% …
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BOTSWANA – Despite higher production, Lucara Diamond saw lower revenue in its second quarter than the same period a year earlier, highlighting a difficult environment for diamond miners. Lucara reported net earnings of US$700,000 for the quarter …
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Eastmain Resources has optioned one of its three gold projects in Quebec’s James Bay region to junior Benz Mining. The past-producing Eastmain project has indicated resources of 899,000 tonnes grading 8.19 g/t gold, 0.13% copper and 8 g/t silver. Infer…
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ONTARIO — Six months after delivering a positive feasibility study for its Madsen gold project in Red Lake, Ont., Pure Gold Mining has landed a US$90-million financing to bring it into production. The junior is targeting the end of 2020…
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GOLD: Pure Gold lands US$90M for Madsen construction Read More »
Vancouver — M3 Metals has engaged Hatch to update a 2013 preliminary economic assessment (PEA) on its Block 103 iron ore project in the Labrador Trough, Nfld. M3, which changed its name from ML Gold in July to reflect its…
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