News
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GOLD: Pure Gold lands US$90M for Madsen construction
ONTARIO — Six months after delivering a positive feasibility study for its Madsen gold project in Red Lake, Ont., Pure Gold Mining has landed a US$90-million financing to bring it into production. The junior is targeting the end of 2020…
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GOLD: Moneta, Washgoshig First Nation ink exploration pact
ONTARIO – Moneta Porcupine Mines and the Washgoshig First Nation have signed an exploration agreement to promote a co-operative and mutually respectful relationship that covers Moneta’s activities on its claims at the Golden Highway property. Any further claims that Moneta…
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DIAMONDS: Star offers bulk sampling statistics at Star-Orion South
SASKATCHEWAN – Star Diamond Corp. of Saskatoon says that Rio Tinto Exploration Canada has completed five of the 10 bulk sample trench cutter holes at the Star-Orion South diamond project near Fort a la Corne. Rio Tinto has an option…
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ZINC-LEAD: Osisko notes excellent flotation tests of samples from Pine Point
NORTHWEST TERRITORIES – Montreal-based Osisko Metals has the results of flotation tests on material from its Pine Point zinc-lead project 65 km east of Hay River. The tests were performed on drill core samples from the 2018-19 campaign that were…
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CONVEYORS: Launch of Aura IQ to revolutionize conveyor monitoring
BRISBANE, Australia – With conveyors underpinning efficiency, and ultimately profitability in bulk handling operations around the globe, maintenance has traditionally been a real problem. Conventional methods of advanced conveyor failure detection is often unreliable, subjective, time consuming and labour intensive,…
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US court rules against Hudbay’s Rosemont project
Shares of Hudbay Minerals (TSX: HBM; NYSE: HBM) plunged 21.4% after a ruling by the U.S. District Court for the District of Arizona halted construction at the company’s Rosemont copper-molybdenum project in the state. The court challenged the U.S. Forest Service’s issuance…
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COPPER: Revelo looking to create JV at Arrieros copper project
CHILE – Canada’s Revelo Resources separated its 14,000-hectare Arrieros copper project from the 30,000-hectare Montezuma project with the idea of making the former available for option and joint venture agreements. The projects are located in northern Chile between the giant…
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GOLD: Semafo revises 2019 guidance after Mana pit wall failure
BURKINA FASO – Semafo has cut 2019 production guidance for its Mana mine in Burkina Faso by 40,000 to 50,000 oz. of gold, following a wall failure in the northern part of the Wona pit on Aug. 2. The intermediate gold…
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NICKEL-IRON: Met tests of Baptiste yield better recovery rates says FPX
BRITISH COLUMBIA – Vancouver-based FPX Nickel says recent testing puts the nickel recovery rate from its Decar nickel-iron project at 94%. Samples from the Baptiste deposit were ground to 80% passing 90 microns to reach the 94% rate, compared to…
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GOLD: Hecla finds more high grade lenses at Casa Berardi
QUEBEC – Hecla Mining, based in Coeur d’Alene, Idaho, has up to six underground drills turning at its Casa Berardi gold project 95 km north of La Sarre. The campaign is paying off with the discovery of several high grade…
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LITHIUM: Orocobre, partner to build hydroxide plant in Japan
JAPAN – Headquartered in Brisbane, Australia, Orocobre with Toyota Tsusho Corp. and Toyotsu Lithium Corp. have broken ground and begun construction at the Naraha lithium hydroxide plant. The plant is the first of its kind to be built in this…
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IRON ORE: M3 Metals takes a second look at Block 103
Vancouver — M3 Metals has engaged Hatch to update a 2013 preliminary economic assessment (PEA) on its Block 103 iron ore project in the Labrador Trough, Nfld. M3, which changed its name from ML Gold in July to reflect its…
