Since drilling began in in 2018, Monarch has expanded the deposit and confirmed its high-grade potential.
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The project contains more than 30 million probable oz. silver.
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Data shows West Africa has the biggest growth rate in the yellow metal’s resources in the world.
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The Vancouver-based company will make an advance payment of $7.5 million for the right to purchase 22.5% of the silver produced from El Mochito mine.
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The miner is the only private sector company taking part in the project to recover critical materials.
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Piotr Koper, who spent years hunting for the elusive train rumoured to be laden with gold and gems, has found two dozen priceless Renaissance portraits.
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Polish looking for ‘Nazi Gold Train” finds another kind of treasure Read More »
The discovery comes less than a month after Petra found a 100.83 carat gem-quality diamond at the same mine.
The post Petra Diamonds shares jump on 425.1-carats discovery at Cullinan appeared first on MINING.com.
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Europe has a dedicated €600 million stream of projects on raw materials.
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NexGen Energy has been busy with feasibility stage drilling at its Rook I property in the Athabasca Basin.
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The project has probable open pit reserves of 141.7 million tonnes grading 1.02 g/t gold for 4.6 million contained oz.
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