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DIAMONDS: Gahcho Kue gives up another kimberlite
NORTHWEST TERRITORIES – Exploration at the Gahcho Kue diamond mine has discovered another kimberlite near the mine. The project is a joint venture of Mountain Province Diamonds (49%) and De Beers Canada (51% and operator). The current exploration program has…
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GOLD: Azimut property acquisition cements presence in James Bay region
QUEBEC – Azimut Exploration of Longueuil, Que., recently acquired the Elmer gold property next door to its Duxbury property. Together these properties provide a controlling position over a highly prospective 32-km corridor known as the Elmer trend. The Elmer property…
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GOLD: ATAC extends Sunrise zone at Rackla property
YUKON – Vancouver-based ATAC Resources has extended the Sunrise zone with 26.7 metres of 12.95 g/t gold. The current drilling program is aimed at expanding both Sunrise and the Conrad deposit at the Rackla gold property. The mineralization from the…
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GOLD: McEwen buys into Great Bear
VANCOUVER – Great Bear Resources has closed its brokered and non-brokered private placements for gross proceeds of $10.1 million. The company has received an additional $1.1 million from the exercise of share purchase warrants since June 30, 2018. Rob McEwen…
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GEOPHYSICS: Generation Mining maps source of Darnley Bay anomaly
NORTHWEST TERRITORIES – Toronto-based Generation Mining spent this summer running a magnetotelluric (MT) program at its Darnley Bay anomaly near the town of Paulatuk. The program imaged the deep source of the anomaly and outlined a number of large, near…
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GOLD: Nighthawk cuts 68 metres of 2.24 g/t gold at Colomac
NORTHWEST TERRITORIES – Toronto-based Nighthawk Gold is drilling and finding long and strong gold grades near the former Colomac mine 220 km northwest of Yellowknife, in the Indin Lake greenstone belt. The latest drilling campaign is focused on expanding high…
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Marathon discovers new gold trend at Victory deposit
Prospecting and trenching southwest of Marathon Gold’s (TSX: MOZ) Victory deposit in central Newfoundland have uncovered a new 1500-metre-long gold trend. A channel sample returned 2.71 grams gold per tonne over 9 metres, while grab samples from newly exposed outcrop and…
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GOLD-SILVER: Eastmain plans pre-development work at Eau Claire
QUEBEC – Eastmain Resources of Toronto is advancing its Eau Claire gold-silver project in the James Bay area. The company will undertake engineering studies for an underground exploration ramp as well as environmental and infrastructure studies. In May 2018, Eastmain…
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GOLD: Chalice Gold to issue shares for Anaconda’s Chimo interest
QUEBEC – Australian explorer Chalice Gold Mines has agreed to an all-share deal to buy out Monarques Gold Corp.’s 30% interest in the Chimo gold project. Chalice will issue 3.0 million common shares to Monarques as well as grant a…
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Panoro to drill new zone at Cotabambas in Peru’s Apurimac region
Now that Peru has approved Panoro Minerals’ (TSXV: PML; US-OTC: POROF) request for an expanded environmental impact assessment at its Cotabambas copper project in southern Peru’s Apurimac region, the company can start drilling Cluster 2 — a target it’s spent two…
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GOLD: McEwen reports first resource numbers for Stock property
ONTARIO – Toronto-based McEwen Mining has made the first estimate of resources at its Stock East deposit, part of its Black Fox complex near Timmins. The Stock property covers a 6.5 km section of the Destor-Porcupine fault, and the Stock…
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Ascot looks to write Premier mine’s third chapter
STEWART, B.C. — The existing infrastructure of Ascot Resources’ (TSXV: AOT; US-OTC: AOTVF) past-producing Premier-Dilworth gold project in northwestern B.C.’s Golden Triangle region is one of its greatest assets. “Underground mine, tailings facility, power, road, mill – we have it all,” Derek White,…
