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GOLD: UrbanGold, Argonaut combine gold projects
QUEBEC – UrbanGold Minerals and Argonaut Gold signed an option agreement according to which UrbanGold can earn a 50% interest in Argonaut’s claims and vice versa, and the miners commit to combining their properties to form the Bullseye project. The…
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DIAMONDS: Dominion drills kimberlite at North Arrow’s LDG project
NORTHWEST TERRITORIES – Vancouver-based North Arrow Minerals says its JV partner and operator at the LDG project, Dominion Diamond Mines, has intersected kimberlite in the first drill hole of the season. The project is located near Lac de Gras, 10…
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GOLD: Barrick, Newmont launch Nevada Gold Mines
NEVADA – Barrick Gold Corp. of Toronto and Newmont Goldcorp Corp. of Denver launched their new partnership on July 1, 2019, in this state. The joint venture (61.5% Barrick and 38.5% Newmont) will operate as Nevada Gold Mines LLC. The…
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GOLD: Barrick, Newmont Goldcorp’s JV clears all regulatory conditions
NEVADA – The Nevada joint venture of Toronto’s Barrick Gold Corp. and Newmont Goldcorp Corp. of Denver has cleared all the regulatory conditions required for completion of the arrangement. Their joint operations will create the world’s largest gold producing complex.…
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GOLD: Barrick shares preliminary Q1 production results
TORONTO – Barrick Gold issued preliminary production results for Q1 2019, saying that it enjoyed solid performance across its portfolio. First quarter sales were 1.37 million oz. of gold and 103 million lb. of copper. Output was only up slightly…
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URANIUM: Purepoint completes initial fieldwork at Hook Lake
SASKATCHEWAN – Purepoint Uranium Group says it has finished the initial fieldwork at the Hook Lake joint venture. The project lies on the southwest edge of the Athabasca Basin in the Patterson uranium district, between Fission’s Tri[le R deposit and…
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GOLD: Greenstone’s Hardrock project given environmental okay
ONTARIO – Greenstone Gold Mines – a 50:50 joint venture of Centerra Gold and Premier Gold Mines – has received approval from the provincial environment ministry for development of the Hardrock gold mine 2 km south of Geraldton. Federal approval…
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GOLD-COPPER: Walker River and Smooth Rock to join forces at Garfield Flats project
NEVADA – Canada’s Walker River Resources announced this week that it signed a letter of intent with Smooth Rock Ventures to enter into an exploration agreement with option to form a joint venture on the Garfield Flats project, located in…
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EDITORIAL: Barrick, Newmont settle on Nevada JV
Much has been speculated about mergers among gold producers since Barrick Gold announced the takeover of Randgold Resources last September. The $6-billion Barrick-Randgold deal came together without a hitch and was finalized on Jan. 2, 2019, making Barrick once again…
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COPPER-GOLD: Goldcorp, Yamana, Glencore to pool assets in Argentina
ARGENTINA – Vancouver’s Goldcorp, Toronto’s Yamana Gold and Glencore International of Switzerland have struck a deal to develop and operate the Agua Rica copper project using the infrastructure of Minera Alumbrera in the Catamarca province. The partners expect to realize…
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URANIUM: ALX Uranium wants a piece of the Close Lake project
SASKATCHEWAN – Canada’s ALX Uranium signed a non-binding letter of intent this week with Orano Canada, a subsidiary of France’s Orano Group. The letter refers to the possible acquisition by ALX of a 51% participating interest in the Close Lake…
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AngloGold terminates JV with Equinox
AngloGold Ashanti (NYSE: AU) has terminated the earn-in joint venture at Equinox Gold’s (TSXV: EQX; US-OTC: EQXGF) Aurizona gold mine project in northeastern Brazil. Equinox now has a 100% interest in the project. AngloGold spent US$9 million on exploration activities at Aurizona…
