The junior explorer reported this week that Grasset’s H1 zone has now been intersected for 1,140 metres along strike.
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Gainey Capital’s Las Margaritas gold project in Durango, Mexico has sampled up to 40 grams gold per tonne.
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Each company will contribute an additional $1 million for exploration at the Upper Kobuk mineral projects, located along the Ambler volcanogenic massive sulphide (VMS) belt.
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Company has signed a new $2.7-billion term loan and revolving credit facility, replacing the existing $1.5 billion one.
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The company staked 35 new claims that cover potential extensions to the high-grade ore previously mined at the site.
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The Temple Mountain property was first mined in 1914.
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Company unearthed three of the 15 diamonds over 100 carats it found in 2018 in Q4, but carat recovery dropped by 17% to 29,523 ct in the period.
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The Russian gold producer has received a 15-year mining permit for its Lefa mine.
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The Centre for Excellence in Mining Innovation and the Universidad Nacional del Centro del Peru signed a MOU on February 6.
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The main zone contains indicated resources totaling 10.8 million tonnes grading 1.22 g/t gold for 423,000 oz. of gold.
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