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COPPER-ZINC: Rockcliff grows Rail deposit resource
MANITOBA – Rockcliff Metals has released an updated resource for its wholly owned Rail deposit, with both the total resource tonnes and contained copper-equivalent metal at the 20-sq.-km property more than doubling. Indicated resources have increased to 1.17 million tonnes…
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ZINC-COPPER: Murchison discovers new zone at Brabant Lake
SASKATCHEWAN – Exploration drilling at Murchison Minerals’ Brabant Lake property, 175 km northeast of La Ronge, intersected high-grade copper and zinc mineralization 10 km southwest of the company’s Brabant-Mckenzie deposit. A drill hole completed at the Main Lake target, situated…
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Premier offers US$205M for Centerra’s stake in Greenstone Gold Mines
Premier Gold Mines is offering to purchase the remaining 50% interest it doesn’t already own in the Greenstone Gold Mines Partnership (GGM) from Centerra Gold for US$205 million. GGM’s principal asset is the Hardrock gold project (formerly known as the Trans-Canada property), in…
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GOLD: Bluestone develops Guatemala project
GUATEMALA – Bluestone Resources announced that, despite the COVID-19 pandemic, work on its flagship Cerro Blanco gold project is ongoing. In a press release, Bluestone said since the project is in the engineering phase and the focus is on project readiness…
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GOLD: Springpole PFS expected in early 2021, says First Mining
ONTARIO – First Mining Gold has released an update on the progress of a prefeasibility study (PFS) and permitting at its 419-sq.-km Springpole gold project in northwestern Ontario. The company now expects results of the PFS to be released early…
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GOLD: Lynx infill work delivers high grades for Osisko
QUEBEC – Infill drilling at Osisko Mining’s Windfall gold project within Quebec’s Abitibi greenstone belt continues to return multiple high-grade intervals. The company’s latest release includes a total of 90 intercepts. Drill highlights from the Lynx deposit include 5.6 metres…
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GOLD: TMAC releases Hope Bay PFS with new 4,000 t/d plant scenario
NUNAVUT – TMAC Resources has released key results from a prefeasibility study completed for its wholly owned Hope Bay property, which includes an operating mine. Last year, Hope Bay produced 139,510 oz. of gold; with release of its fourth quarter…
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M&A: Argonaut and Alio announce gold-focused merger
TORONTO – Producers Argonaut Gold and Alio Gold have entered into an agreement for an all-share merger with Argonaut acquiring Alio to create a diversified intermediate company with output of over 235,000 gold-equivalent oz. annually. With a share exchange ratio…
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Barrick updates 10-year plan
Barrick Gold (TSE: ABX; NYSE: GOLD) has unveiled a 10-year gold production plan in which it aims to maintain production levels of approximately 5 million oz. gold per year between 2020 and 2029. The plan is based on its current operating…
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GOLD: Mistango to become one of the largest landowners in Kirkland Lake
ONTARIO – Hinterland Metals has entered into a mining property acquisition agreement with Mistango River Resources to sell its non-core asset, the Teck property, in the Kirkland Lake gold camp. According to Hinterland, the 21-sq.-km property has been inactive for several years. Under…
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COPPER: Copper Fox updates Van Dyke resources
ARIZONA – Copper Fox Metals has released an updated resource for its wholly owned Van Dyke project in the Globe-Miami mining district after completing a re-assay program last year to update its geologic model. As a result, updated indicated resources…
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GOLD: MAS Gold reports maiden resource for North Lake
SASKATCHEWAN – A maiden mineral resource for MAS Gold’s North Lake deposit within the La Ronge gold belt features 14.1 million tonnes grading 0.92 g/t gold for a total of 417,000 oz. MAS holds a total of 338 sq. km…
