News
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ZINC-LEAD : Osisko Metals intersects more shallow, high-grade at Pine Point
NORTHWEST TERRITORIES – Additional results from 34 holes drilled at Osisko Metal’s Pine Point camp on the south shore of Great Slave Lake intersected near surface, high grade zinc and lead values. The holes were drilled in the project’s East Mill…
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GOLD: Kirkland Lake files updated Macassa 43-101 report
ONTARIO – Toronto-based Kirkland Lake Gold has filed an updated 43-101 resource report for its Macassa gold mine in the town of Kirkland Lake. The report includes resources at Dec. 31 ,2018. Two important zones – Main/04 break and South…
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GOLD: Casa Berardi reserves up 28% for Hecla
QUEBEC – Hecla Mining Co., headquartered in Coeur d’Alene, Idaho, has filed an updated resource estimate for the Casa Berardi gold mine 95 km north of La Sarre, in the Abitibi region. Using a gold price of US$1,200 per ounce,…
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ALUMINUM: Elysis to create research centre in Saguenay
QUEBEC – Elysis, a joint venture of Rio Tinto Alcan and Alcoa – has chosen the site for its new research and development facility in the Saguenay-Lac-Saint-Jean region. It will be located at Rio Tinto’s Jonquiere complex, home of the…
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LITHIUM: Frontier to build demonstration plant at PAK deposit
ONTARIO – Based in Sudbury, Ont., Frontier Lithium has announced plans to build a demonstration processing plant at its PAK lithium project 175 km north of Red Lake. The plant will have the capacity to produce up to 15,000 tonnes…
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BLASTING: BME wins coal mine contract in Alaska
JOHANNESBURG – Blasting specialist BME USA has been awarded a contract by Usibelli Coal Mine (UCM) in Alaska to supply explosive products and accessories. Part of the South Africa-based explosives leader BME, the USA business was established in Denver, Colo.,…
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Corvus Gold chips away at North Bullfrog-Mother Lode
Before he founded International Tower Hill Mines (TSX: ITH; NYSE-AM: THM) in the mid-2000s and discovered the Livengood deposit in Alaska — a development project that now has an estimated 19.7 million oz. gold — Jeffrey Pontius worked for seven years as…
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GOLD: Royal Canadian Mint releases three new bullion coins
OTTAWA – The Royal Canadian Mint announced this week the launching of three new bullion coins targeted at precious metal investors. In a press release, the institution said that the pieces include double-incuse Gold and Silver Maple Leaf bullion coins…
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GOLD: Wesdome discovers new Falcon zone at Eagle River mine
ONTARIO – Drilling 100 metres to the west of the diorite that hosts Wesdome Gold Mines’ Eagle River mine in Ontario has encountered a new discovery zone called Falcon, the company reports. Surface exploration drilling returned 73.5 g/t gold over 1.3…
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GOLD: Eldorado declares commercial production at Lamaque
QUEBEC – Eldorado Gold Corp. of Vancouver declared commercial production on March 31 at its Lamaque gold mine near Val d’Or. This is the company’s first foray into gold mining in Canada. The Lamaque South project includes the Triangle gold…
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ABORIGINAL ISSUES: Alberta chiefs pull support for Bill C-69
ALBERTA – Bill C-69 – the federal government’s attempt to overhaul the regulatory review process for natural resource project – has lost a major supporter. The Alberta Assembly of Treaty Chiefs has rescinded a resolution passed last November that supported…
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COBALT-NICKEL: UEX shares latest West Bear results
SASKATCHEWAN – Vancouver-based UEX Corporation has shared the third set of assays from the winter drill program at its West Bear cobalt-nickel property in the eastern part of the Athabasca Basin. The company said that 14 of the 20 assays…
