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GOLD: McEwen drills high grades at Black Fox and Gray Fox
ONTARIO – Toronto-based McEwen Mining reports bonanza grades from drilling at its Black Fox gold mine and solid high grades from the nearby Gray Fox area. The Black Fox complex is located about 10 km east of the town of…
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GOLD: Marathon shares rise on positive heap leach results
NEWFOUNDLAND – Test results from Marathon Gold’s Leprechaun and Marathon deposits at the company’s Valentine Lake gold camp demonstrate they are amenable to heap leaching. Selected intervals of mineralized material were shipped to SGS Canada last fall and highlights from the…
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GOLD: Modified 43-101 Report on the Sleeping Giant Resources
Rouyn-Noranda – The 43-10 report on resources for the Sleeping Giant mine was modified and re-filed today with a certificate by a new qualified person. Here is a list of the modifications made: Item 4 – Environmental obligations to which the site is…
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SILVER: Alexco Q1 posts $1.2M net income
VANCOUVER – As it continues to advance the historic Keno Hill silver property in the Yukon, Alexco Resource Corp. reports a net income of $1.2 million for the first quarter of this year. In Q1 2018 the company recorded a…
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GOLD: Avesoro boosts reserves at Youga mine
BURKINA FASO – Avesoro Resources has increased the mineral reserves at its Youga gold mine by 23% – extending the mine life of the open pit operation by an additional four years to 2031. The junior, which also produces gold at…
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GOLD: Anaconda cuts 12.76 g/t over 6 metres at Argyle
NEWFOUNDLAND – Toronto-based Anaconda Mining is conducting an infill drilling program at its Argyle gold deposit located about 4.5 km from its Pine Cove mill and tailings facility at the Point Rousse project. Chief executive Kevin Bullock noted in a…
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GOLD-SILVER: Minera Alamos attracts new coverage
MEXICO – Haywood Securities has initiated coverage of Minera Alamos with a buy rating and 12-month target price of $0.40 per share – a 281% return from the junior’s current share price of $0.11. “Minera Alamos holds two development projects in its…
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COPPER: Ivanhoe gets half-billion-dollar injection from CITIC
VANCOUVER – Ivanhoe Mines has received a us$454 million investment from the African subsidiary of Chinese company CITIC Metals. CITIC has agreed to purchase more than 153.7 million Ivanhoe shares at a price of C$3.98. This is the second major…
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GOLD: Canarc tables study of New Polaris
BRITISH COLUMBIA – Canarc Resources has wrapped up a preliminary economic assessment of its New Polaris gold project in northwestern British Columbia that indicates the project could produce 80,000 oz. of gold per year over an 8.7 year mine life. study…
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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: Copper Fox updates work at Schaft Creek JV
BRITISH COLUMBIA – The joint venture – Copper Fox 25% and Teck Resources 75% – continues to move forward with work at the Schaft Creek advanced exploration project. Located 375 km northwest of Smithers, the property is a potential producer…
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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…
