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Osisko Development to raise up to $10M in private placement
Newly listed Osisko Development has received initial commitments for a non-brokered private placement of up it 1.3 million units, sold at $7.5 (or US$5.75) each, for gross proceeds of up to $10 million. Each unit includes one common share and…
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Argonaut Gold looks to level up
Junior believes Magino project in Ontario has Tier 1 potential.
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Nighthawk drills 141.8 metres of 2.11 g/t gold at Colomac
Explorer Nighthawk Gold has released assay results for three holes completed within zones 2.0 and 3.0 of the Colomac Main Sill within its Colomac gold project in the Northwest Territories. The standout intercept is a 141.8-metre-long interval of 2.11 g/t…
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Wesdome confirms Kiena zone continuity, restarts mill ahead of resource update, PFS
Toronto-based gold miner Wesdome Gold Mines has provided a reconciliation update for its past-producing Kiena mine complex in Quebec ahead of a resource update slated for next month. Overall, muck and chip samples suggest good correlation of the underground mineralization…
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Callinex drills high-grade copper in Rainbow discovery stepout in Manitoba
Callinex Mines has released assay results for hole PBM-113-W1, which returned high-grade copper in a stepout hole focused on expanding the Rainbow discovery, first announced on Sept. 9, at its Pine Bay project in Manitoba’s Flin Flon district. The drillhole…
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First Cobalt to finalize new supply deal with Glencore
First Cobalt is planning to alter its prior arrangement with global miner Glencore and sign a long-term feed purchase contract instead of the original tolling contract. First Cobalt currently owns North America’s only permitted cobalt refinery. Securing feed material under a long-term cobalt…
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Wesdome on track to meet guidance, invests in Eagle River and Kiena
Gold producer Wesdome Gold Mines generated a total of 20,008 oz. from its Eagle River complex in Ontario in the third quarter of this year, at all-in sustaining costs of US$1,047 per oz. These latest numbers bring the company’s year-to-date…
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Bougainville residents applaud Australia’s decision to accept human rights complaint against Rio Tinto
Australia’s Human Rights Law Centre issued a statement saying that the residents of Bougainville in Papua New Guinea have welcomed this week’s decision by the Australian government to accept a human rights complaint against mining giant Rio Tinto for investigation…
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Class 1 Nickel updates Alexo-Dundonald resource, looks at direct-ship restart scenario
Class 1 Nickel and Technologies has tabled an updated resource estimate for its wholly owned Alexo-Dundonald nickel project, 45 km northeast of Timmins in Ontario. The updated resource consists of four deposits – Alexo North and South, and Dundonald North…
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Brixton teams with Friedland company on Hog Heaven project
Brixton Metals has entered a joint venture agreement on its wholly owned Hog Heaven project with High Power Exploration (HPX), a privately owned mining company led by billionaire and Ivanhoe Mines founder Robert Friedland. The Hog Heaven project is an advanced-stage…
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Vale to demolish Stobie headframes
Vale Canada has announced that it has started demolishing headframes and other buildings at its Stobie mine in Sudbury. The mine was placed on care and maintenance in 2017, after 100 years of operations. The work is expected to take…
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Radisson drills high-grade gold below O’Brien resource
Radisson Mining has released assay results for hole OB-20-156, drilled within its wholly owned, past-producing O’Brien project in Quebec, which hit high-grade gold, 250 metres below current resources. The drillhole returned 21.1 metres of 6.89 g/t gold, which includes higher-grade…
