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Hudbay boosts gold reserves, production forecast in Manitoba
In its recent annual mineral reserve and resource update, mid-tier copper producer Hudbay Minerals (TSX: HBM; NYSE: HBM) provided some market optimism in the form of a major boost in gold at its Lalor mine within the Snow Lake Mining complex in…
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GOLD: Marathon releases Valentine pre-feasibility results
NEWFOUNDLAND – Marathon Gold has released the results of a pre-feasibility study on its Valentine gold project, which envisions a 12-year open pit mine, producing an average of 175,000 oz. of gold annually in the first nine years of operation.…
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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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GOLD: Luminex grows Condor with first Camp resource
VANCOUVER – Luminex Resources has unveiled a maiden resource at its Camp deposit, part of its Condor project in southeast Ecuador, of 11.9 million inferred tonnes grading 2.95 g/t gold equivalent for 1.1 million gold-equivalent oz. Camp contains the highest…
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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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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…
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GRAPHITE: Nouveau Monde grows Matawinie resources
QUEBEC – Nouveau Monde Graphite has released updated resources for the West Zone deposit at its Matawinie graphite project, 150 km north of Montreal. Updated measured and indicated resources increased by 25%, to 120.3 million tonnes grading 4.26% carbon graphite…
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GOLD: Alamos to acquire Island Gold royalty for $75M
TORONTO – Alamos Gold has announced that it has entered into an agreement to acquire a 3% net smelter return (NSR) royalty on production from four claims at its Island Gold mine in Ontario for $75 million, reducing its company-wide…
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ZINC-COPPER: Foran tables PFS for McIlvenna Bay
SASKATCHEWAN – A pre-feasibility study (PFS) released by Foran Mining for its wholly owned McIlvenna Bay project suggests a 3,600 t/d underground mine with on-site processing and tailings storage and the shipping of copper and zinc concentrates to offsite smelters.…
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GOLD: Pretium lowers Valley of the Kings reserve grade
BRITISH COLUMBIA – Pretium Resources has released updated resources and reserves for the Valley of the Kings zone at the Brucejack mine as well as an updated life of mine plan. Most notable is the 36% drop in the reserve…
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NICKEL-COBALT: Canada Nickel tables maiden Crawford resource
ONTARIO – A day after its shares started trading on the TSX Venture exchange, Canada Nickel Company released a maiden resource estimate for the wholly-owned Crawford nickel-cobalt sulphide project near Timmins. The resource features 600.4 million tonnes in the measured…
