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GOLD: RNC Minerals closes $12M bought deal financing
TORONTO – RNC Minerals has closed a $12-million bought deal financing by issuing approximately 24.5 million common shares at a price of $0.49 each. The offering was underwritten by a syndicate co-led by Haywood Security and Cantor Fitzgerald Canada. The…
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GOLD: GoldMining receives water licence, land use permits for Yellowknife project
NORTHWEST TERRITORIES – The Mackenzie Valley Land and Water Board has given Vancouver-based GoldMining Inc. the water licence and land use permits for its Yellowknife gold project north of the town of the same name. The permits refer specifically for…
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COPPER-GOLD: Power Ore completes revised Opemiska geological model
QUEBEC – Toronto-based Power Ore has completed the digitization and geological model for the Opemiska copper complex near the town of Chapais. Based on all available drilling data, it has confirmed the distribution of disseminated material around the known veins.…
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Sigma Lithium forms strategic alliance with Japan’s Mitsui
In 2012, A10, a leading Brazilian M&A and private equity firm, used its personal capital and partners’ funds to back Sigma Lithium Resources (TSXV: SGMA; US-OTC: SGMLF) and its hard rock lithium project. A10 took the company public and raised its stake from…
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GOLD-SILVER: New Gold given environmental nod for Blackwater project
BRITISH COLUMBIA – The federal government has given the environmental okay to the Blackwater gold-silver project 150 km south of Vanderhoof, saying it doesn’t anticipate significant adverse effects. The project is 100% owned by New Gold of Toronto. The project…
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GOLD: Troilus makes $12M share offering
TORONTO – Troilus Gold Corp. has announced a bought deal public offering of common shares that will raise approximately $12 million. The shares are priced at $0.85 each. The shares will be purchased by a syndicate of underwriters co-led by…
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Boreal pursues new VMS zone at Gumsberg in Sweden
Just a few months after finishing a nine-hole, 1,600-metre drill program at its Gumsberg zinc-silver-lead project in Sweden, Boreal Metals (TSXV: BMX) has begun drilling the project again. The campaign, which began in March, will see Boreal drill another 1,500 metres at…
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DIAMONDS: Mountain Province stock takes off on 74% diamond resource increase
NORTHWEST TERRITORIES – Shares of Mountain Province Diamonds surged on Thursday after releasing its latest mineral resource estimates at the Faraday 2 kimberlite, located within the Kennady North project. The stock rebounded by more than 12% at the open in Toronto, lifting…
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GOLD-COPPER: Lumina extends Gran Bestia in Ecuador
ECUADOR – Lumina Gold has drilled its longest continuous section of mineralization at its Gran Bestia copper-gold deposit in Ecuador, part of its Cangrejos copper-gold project. The company cut 0.62 g/t gold and 0.11% copper over 626 metres from surface including…
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GOLD-SILVER: Long intercepts, open potential for Benchmark at Lawyers Trend
BRITISH COLUMBIA – Benchmark Metals of Edmonton, Alta., has been infill drilling historical holes at the Lawyers Trend in the Toodoggone mineral district on the eastern part of the Stikine Terrane. The company is particularly interested in verifying unpublished historic…
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VANADIUM: Victory Metals expands Iron Point project
NEVADA – Vancouver-based Victory Metals has expanded its landholdings at the Iron Point vanadium project to 5,382 hectares thanks to the results from recent reverse circulation drilling. The property is about 35 km from Winnemucca. The results from the final…
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GOLD: Carube Copper eyeing Nova Scotia’s gold
NOVA SCOTIA – Carube Copper announced this week that it acquired a 100% interest in 300 mineral claims covering the Stewart Brook gold project area in Guysborough County. The claims were acquired through staking directly from the government, they cover…
