Mining.com – Page 245 – Junior Mining News

Wesdome continues to extend zones at Kiena

Drill highlights from the Kiena Deep A zone include 13.2 metres of 141.4 g/t gold, 3.1 metres of 185.8 g/t gold and 6.9 metres of 70.9 g/t gold.

Drill highlights include 80.5 metres of 0.66 g/t gold equivalent starting at 60 metres.

The La Colorada Skarn deposit hosts an inferred resource of 72.5 million tonnes grading 44 g/t silver, 0.17% copper, 2.02% lead and 4.4% zinc.

This year, Macassa is expected to produce 240,000-250,000 oz out of the company’s total production guidance of 950,000 to 1 million oz.

Toronto-based Triple Flag, backed by hedge fund Elliot Management, last month said it aimed to raise C$360 million.

The Vancouver-based miner said the Butte Valley prospect fits its acquisition profile.

The project is located just 15 kilometres southwest of Barrick Gold’s prolific Porgera gold mine.

The Russian miner and its local partner, Catoca Mining, say Luaxe could produce 1 million carats, worth $90 million, next year.

If you have a mine company with a tailings pond full of coal slurry or a coal deposit that is no longer economic, there could still be value in it

It was the first advocacy effort of its kind in a mining conflict that has spanned a decade, three countries and multiple legal challenges.