Expanded drilling at the Chapitos gold-copper project is expected to commence during the latter half of 2019.
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The project is located along the prolific West Fissure fault system, near the open-pit Escondida mine.
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Market reaction to the partnership was positive: Goldspot’s stock was up 4%, and Pacton’s stock was up on the CVE Friday afternoon.
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BlueRock owns and operates the Kareevlei Diamond Mine in the Kimberley region of South Africa.
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The World Gold Council revealed that holdings in global gold-backed exchange-traded funds fell in May by 2.2 tonnes to 2,421 tonnes, equivalent to $141 million in outflows.
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The Indigenous group will become a shareholder in Noront.
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The international group says sales of polished diamonds below 0.50 carats are slow due to excess supply, weak Chinese demand and tight Indian liquidity.
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The Ministry of Energy, Northern Development and Mines issued 10 exploration permits to the junior miner.
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Chip sampling on the property produced significant gold, silver, copper, zinc and lead results.
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The acquired company holds or has rights to a title package comprised of mining concession agreements covering approximately 35,747 hectares of land.
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