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GOLD: Eastmain offers PEA with $175M capex for Eau Claire
QUEBEC – Toronto-based Eastmain Resources says the preliminary economic assessment for its Eau Claire gold project in the James Bay region points to a pre-production capex of $175 million. That would see the development of both an open pit and…
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GOLD: First resource estimate for Iamgold’s Monster Lake contains 433,300 oz.
QUEBEC – Toronto-based Iamgold has filed the maiden 43-101 report for its Monster Lake gold property 50 km southwest of Chibougamau. It’s early days for the project, but the company has already outlined 433,300 contained oz. of gold in 1.1…
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PGM: New Age releases resource for River Valley
ONTARIO – New Age Metals has released a new measured and indicated resource for its River Valley platinum group metals project about 60 km east of Sudbury. With a cut-off of 0.4 g/t palladium equivalent, the M&I portion contains more…
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Gold Fields bets big on South America
Since discovering Salares Norte in the Atacama region of northern Chile in 2011, Gold Fields (NYSE: GFI) has carved out a resource from the project’s two orebodies of 3.66 million oz. of gold and 49.46 million oz. of silver. The South…
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GOLD: Barkerville adds in maiden Cow and Island Mountain resources at Cariboo
BRITISH COLUMBIA – Toronto-based Barkerville Gold Mines has announced the first resource estimates incorporating its Cow and Island Mountain deposits in Wells. The two deposits form part of the Cariboo gold project, which may contain 1.60 million oz. of gold…
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GOLD: Fenelon bulk sampling fully funded says Wallbridge
QUEBEC – Wallbridge Mining of Toronto has secured all the funding necessary to take a 35,000-tonne bulk sample a its Fenelon gold property 75 km northwest of Matagami. The existing pit and underground workings have been dewatered, and a 79-person…
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GOLD: Rubicon reports large jump in Phoenix M&I contained oz
ONTARIO – Toronto-based Rubicon Minerals Corp. has released an updated resource estimate for its Phoenix gold project in the Red Lake district. The latest numbers for contained gold in the measured and indicated category have more than doubled, to 281,000…
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Connemara completes maiden zinc resource in Ireland
Ireland is one of the largest zinc producers in Europe and its base metal deposits have drawn some of the biggest names in the mining business — from Boliden and Glencore (LON: GLEN) to Teck Resources (TSX: TECK.B; NYSE: TCK) and Vedanta. Junior explorer Connemara…
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ZINC-LEAD: Resource base grows at Callinex’s Nash Creek deposit
NEW BRUNSWICK – The independent 43-101 estimate for the Nash Creek zinc-lead-silver project shows a major increase in contained metals. The project is owned by Vancouver-based Callinex Mines, and it is located 20 km west of Belledune, in the Bathurst…
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Nevsun completes prefeasibility at Timok
Nevsun Resources (TSX: NSU; NYSE-AM: NSU) has a busy year ahead. In early April, the mid-tier base metals company released a prefeasibility study for the Cukaru Peki Upper Zone, part of its 213 sq. km Timok copper-gold project near Bor, Serbia.…
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ZINC-LEAD: Blind Creek offers estimate for Blende deposit
YUKON – Vancouver-based Blind Creek Resources has completed a resource estimate for its Blende zinc-lead-silver deposit 64 km north of Keno Hill. The inferred portion is almost 33 million tonnes at 5.03% zinc equivalent. Or in more detail with a…
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SolGold steps up drilling campaign in Ecuador
With about US$90 million in the bank and plenty of ground still to explore, Brisbane-based SolGold (TSX: SOLG; US-OTC: SLGGF) has embarked on a 120,000 metre, 12-drill program at its Cascabel copper-gold project in northern Ecuador. The main purpose of the…
