Gold
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INFRASTRUCTURE: Fortune applauds next step along road to Whati
NORTHWEST TERRITORIES – Fortune Minerals of London, Ont., is following closely the government decisions that are moving the Tlicho all-season road to the community of Whati toward construction. Fortune has received approval to build a spur road from Whati to…
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GOLD: Osisko cuts 36 g/t over 6.9 metres at Lynx zone, Windfall Lake
QUEBEC – There is no doubt that Osisko Mining of Toronto has the golden touch. One of the latest cores from the Lynx zone at its Windfall Lake project in Urban Twp. returned 36.0 g/t gold over 6.9 metres (29.9…
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GOLD: McEwen raises $40M for purchase of Black Fox mine
TORONTO – McEwen Mining has entered into an agreement with a syndicate of underwriters for the purchase of 18 million common shares at a price of $2.25 each and 18 million warrants. Each warrant allows the holder to purchase a…
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Greek government bends on Eldorado’s ultimatum
Eldorado Gold (TSX: ELD; NYSE: EGO) has received three permits in quick succession and a formal notice of arbitration after announcing earlier this week that it will suspend all investment in Greece if the government doesn’t start to issue long delayed…
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GOLD: Rubicon updates current program at Phoenix
ONTARIO – Toronto-based Rubicon Minerals Corp. has taken the opportunity to update results of its current exploration program at its Phoenix gold project in the Red Lake district. The company has been conducting a structural drilling program to evaluate additional…
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GOLD: Kinross goes forward with $1B Tasiast, Round Mountain expansions
TORONTO – Kinross Gold is proceeding with not one, but two major expansions. One is the $590-million (all U.S. dollars) expansion phase two of the Tasiast mill in Mauritania, and the other is the $445-million phase W mining expansion at…
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GOLD: Pure Gold enjoys positive PEA for Madsen project
ONTARIO – Pure Gold Mining of Vancouver has received a positive preliminary economic assessment for the reopening of the Madsen gold mine 16 km west of Red Lake. The project carries a pre-tax net present value (5% discount) of $365…
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GOLD: Bonterra finds new zone west of Gladiator deposit
QUEBEC – Vancouver-based Bonterra Resources recently drilled a new zone of gold-silver mineralization at its Gladiator gold deposit 170 km northeast of Val d’Or. The best recent drill hole was CL-17-14 that intersected the new Temica zone, returning 4.7 g/t…
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GOLD: Bulk sampling underway by RCG at Dufferin project
NOVA SCOTIA – Resource Capital Gold Corp. (RCG) of Vancouver is taking a 15,000-toonne underground bulk sample at its Dufferin gold project. So far 5,330 tonnes of material grading 6.4 g/t gold have been mined, and test milling recovered 1,282.6…
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Harte Gold finds new anomalies on Sugar property in Ontario
Harte Gold (TSX: HRT; US-OTC: HRTFF) has identified five new anomalies within 15 km to the east and west of its Sugar deposit in northern Ontario that may host both gold and volcanogenic massive sulphide deposits (VMS), the company says. “This…
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ENVIRONMENT: Arsenic vitrification may solve Giant mine problem
NORTHWEST TERRITORIES – Dundee Sustainable Technologies (DST) of Montreal says its vitrification proposal is considered the best stabilization and solution for the arsenic dust stored in the former Giant gold mine. The process was examined by the State of Knowledge…
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GOLD: White Gold finds new zone at Rebecca target
YUKON – Toronto’s White Gold Corp. has discovered a new gold zone at the Rebecca target on JP Ross property south of Dawson City. Drilling returned 21.89 g/t gold over 3.05 metres, including 35.80 g/t over 1.52 metres. The Rebecca…
