News
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Sun Metals advances Stardust copper-gold project in BC
Sun Metals has completed the final tranche of a $6.2 million bought-deal financing that will enable it to advance exploration at its wholly owned Stardust project, 250 km northwest of Prince George, British Columbia. Steve Robertson, the company’s president and CEO,…
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COPPER-GOLD: Ethos encouraged by preliminary fieldwork at Perk-Rocky
BRITISH COLUMBIA – Ethos Gold announced that recent prospecting and geological mapping at its Perk-Rocky copper-gold porphyry project in B.C. identified more than 50 copper occurrences in outcrop. In a press release, Ethos indicated that the fieldwork also included rock…
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GOLD: Argonaut confirms high grades below planned Magino pit
TORONTO – Argonaut Gold has released exploration results for its Magino gold exploration project in Ontario and provided an update on permitting the San Antonio project in Mexico. At Magino, drilling targeting mineralization below and adjacent to the current open…
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GOLD: Ascot reports high grade intercepts from Silver Coin deposit
BRITISH COLUMBIA – Ascot Resources released the results of 27 drill holes completed on the Silver Coin deposit at its Premier gold project. Drill highlights include: Hole P19-2079 returning 3.59 metres of 52.67 g/t gold starting at 103 metres Hole…
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ROYALTIES: Maverix Metals boosts its portfolio with Kinross deal
Kinross Gold is selling its royalty portfolio to Maverix Metals for US$74 million in cash and shares. The deal includes a US$25-million cash component and 11.2 million shares in Maverix, which will give Kinross a 9.4% interest in the growing…
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DISTRIBUTION: Sandvik partners with arctic distribution expert Northern Networks
SWEDEN – Sandvik Mining and Rock Technology has partnered with Northern Networks, an established Inuit partner to bring Sandvik products to mines in Nunavut. Peter Corcoran, managing director of Sandvik Canada, started thinking about potential distribution channels in Canada’s north…
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GOLD: Harte Gold discovers new showing at Sugar Zone
ONTARIO – Harte Gold has reported a new high grade gold showing at the Sugar Zone property, the TT8 Discovery, 17 km southeast of its Sugar Zone mine in northern Ontario. Based on 17 chip sample assays, gold grades from…
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Aurania finds ancient Spanish road at Lost Cities-Cutucu project in Ecuador
For almost twenty years, Keith Barron has been researching and hunting for two famous gold-mining centers in Ecuador that historic Spanish manuscripts and maps from the 16th and 17th centuries refer to as Sevilla del Oro and Logrono de los…
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GOLD: Nordgold encouraged by drill results from Nunavut project
NUNAVUT – Russian gold producer Nordgold announced receiving encouraging results from its 2019 drilling programme at the Vickers gold deposit, part of the Pistol Bay project located in northern Canada. In a press release, Nordgold said that all of the…
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GOLD: Zijin Mining to acquire Continental Gold for $1.4B
COLOMBIA – In the latest mega-deal sweeping the gold sector, Zijin Mining Group is buying Continental Gold for $1.4 billion in cash. The cash-rich Chinese gold miner is on an acquisition spree. In early November it said it would buy copper-gold assets…
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GOLD-COPPER: Newmont Goldcorp invests $8.3M in GT Gold
BRITISH COLUMBIA – GT Gold has announced an $8.3 million private placement by Newmont Goldcorp. Following closing, Newmont Goldcorp is expected to hold 14.9% of GT shares outstanding, an increase over the 9.9% held previously. Currently, there are two main…
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COPPER-GOLD: Sego chooses new targets at Miner Mountain
BRITISH COLUMBIA – Sego Resources, a junior based in Vancouver, has re-examined historic drill core from the Cuba zone at its Miner Mountain copper-gold project and identified a high grade porphyry target. The target has local zones of 1% to…
