Shares of Delrey Metals Corp. surged by 17% on Tuesday morning following positive re-assay results from its Four Corners iron-titanium-vanadium project in Newfoundland.
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Notable drill results include 393 g/t gold over 2.2 metres, 31 g/t gold over 6.1 metres and 82.9 g/t gold over 2.3 metres.
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President and CEO Mark Bristow said the company expected to complete a feasibility study for the project, which could extend the liefe of the mine into the 2030s, next year.
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The Vancouver-based miner intends to use the proceeds for its Kutcho copper-zinc project in northern BC.
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The company plans to advance its New Craigmont copper property with a diamond drilling program this year.
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The $285-million takeover bid, considered by some analysts and Acacia’s minority shareholders as a low, would see the world’s second largest gold miner buying the remaining 35% of the African miner it does not already own, at a discount.
The post Barrick’s bid for Acacia an “appropriate” and “elegant” solution to Tanzania’s woes — CEO appeared first on MINING.com.
Canadian miner said its long-term growth strategy focus on developing its existing pipeline of projects, while seeking global exploration opportunities.
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QMX Gold Corp. of Toronto has asked Hon. Sergio Marchi to join its board of directors.
The post Appointment notices: Barkerville Gold, Blackrock Gold, QMX Gold, and Sixty North Gold appeared first on MINING.com.
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Iamgold has released the latest results from the winter drill program at its Rouyn gold project.
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Once at full-tilt, the open-pit operation is expected to generate 65,000 ounces of gold annually over an 8-year mine life.
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