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Mines.
A great deal of exploration, assessment and consideration of logistical details must occur before a mine can begin operation—and once it does, there are many things that can impact its success. In Canadian Mining & Energy, we look at t...
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Mountain Province Diamonds results of seventh diamond sale and exploration update
Mountain Province Diamonds completed its seventh diamond sale, selling 463,000 carats for US$27.1 million - a 30% increase in proceeds and the company's largest single sale to date. The joint venture partners have also approved a $2.3 million fall exploration program at the Southwest Corridor area between kimberlite pipes at the Gahcho Kué mine.
Carbon a key issue as global miners prepare to meet with renewables and low-carbon energy experts
The 5th annual Energy and Mines World Congress will take place November 27-28 in Toronto, bringing together global mining leaders and renewable energy experts to address carbon emissions and energy challenges in mining. Over 50 speakers from major companies including Barrick Gold, Newmont, and Anglo American will discuss low-carbon solutions and renewable energy adoption in mining operations.
Bonterra discovers new gold zone 5 km west of the Gladiator gold deposit
Bonterra Resources discovered the new Temica Gold Zone approximately 4-5 km southwest of their Gladiator deposit, with drill hole CL-17-14 returning 4.7 g/t gold and 44.6 g/t silver over 2.7 meters. The company considers this discovery an extension of the Gladiator mineralized trend and has identified three drill holes across a 1 km length defining the new zone.
Contact Gold expands Pony Creek land position by 30% through addition of 22 square kilometres
Contact Gold Corp. expanded its Pony Creek gold property in Nevada by 30% through acquiring 270 additional mining claims covering 22 square kilometres. The company now controls approximately 127 square kilometres in the district and paid US$75,000 plus 112,500 shares for key adjacent properties.
Wesdome announces early results From Moss Lake
Wesdome Gold Mines announced encouraging early drill results from Moss Lake that have extended known gold mineralization from 2.5 kilometres to 4.5 kilometres strike length. The company has decided to suspend the Moss Lake program to focus exploration efforts at Eagle River Mine and Kiena Complex, despite the positive results showing significant expansion potential.
Standard Lithium secures additional landholdings with permitted brine producer at Bristol Dry Lake
Standard Lithium expanded its Bristol Dry Lake Lithium Project landholdings by approximately 6,000 acres through an amended agreement with National Chloride Company, bringing the total project area to approximately 25,000 acres. The company is mobilizing drilling crews to commence quantitative resource assessment work on the California brine project, which benefits from existing mining infrastructure and permitted operations.
Rockhaven announces initial assays from 2017 drilling at Klaza Project, Yukon
Rockhaven Resources announced positive initial assay results from its 2017 drilling program at the Klaza gold-silver project in Yukon, completing 96 holes totaling 15,922m ahead of schedule. The best intercept returned 36.90 g/t gold and 1,280 g/t silver over 0.83m, with results focused on expanding near-surface mineral resources for potential open pit mining. The drilling aims to enhance project economics by adding ounces amenable to open pit extraction within and adjacent to the Central Klaza Zone.
Fireweed drills wide high grade mineralization: Macmillan Pass Project
Fireweed Zinc announced exceptional drill results from its Macmillan Pass Project in Yukon, with hole TS17-03 intersecting 19.20% zinc, 13.95% lead and 379.8 g/t silver over 3.6 meters. The results confirm and exceed historic grades, opening potential for northward expansion of the Tom West Zone and supporting plans for an updated NI43-101 resource estimate by year-end.
Glacier Lake receives work permit approval for up to 10,000 meters of drilling on Silver Vista
Glacier Lake Resources received a 5-year drilling permit from BC Ministry of Energy and Mines for up to 10,000 meters of drilling on its Silver Vista copper-silver project near Smithers. The program aims to verify and expand mineralization from historical 1990s drilling that identified significant copper-silver intercepts including 2.84 meters at 195.7 g/t Ag and 3.65% Cu.
Kennady completes successful summer program
Kennady Diamonds completed a successful summer drilling program on its Northwest Territories diamond project, extending the Faraday 2 kimberlite by 150 metres to a total strike length of 600 metres. The program drilled 2,766 metres across nine holes and confirmed that Faraday 1 and 3 kimberlites are connected, forming a single body. Maiden resource results are expected within the next week to ten days.
Toachi Mining announces management and board of director changes
Toachi Mining announced a CEO transition with Jonathan Goodman replacing founder Nick Tintor as President and CEO, effective immediately. The change is part of the company's evolution from exploration toward development of their La Plata gold-copper-silver-zinc project in Ecuador. The company is preparing to announce its maiden 43-101 resource estimate.
Aurania Resources Ltd. reports Chairman & CEO, Dr. Keith Barron, will speak at Mines & Money America
Aurania Resources announced that CEO Dr. Keith Barron will present at the Mines & Money Americas conference in Toronto on October 4, 2017. The presentation will focus on the company's Lost Cities - Cutucu Project located in southeastern Ecuador's Jurassic Metallogenic Belt.
JWN shutters flagship Oilweek Magazine
June Warren Publications has shut down its flagship Oilweek magazine after 65 years, discontinuing all print publications and migrating content to their Daily Oil Bulletin website. The closure affects multiple titles including Oil Sands Review and reflects challenging conditions in both the oil and gas sector and publishing industry.
Silver Range Resources Ltd. completes option agreement with GGL Resources Corp.
Silver Range Resources has received TSX Venture Exchange acceptance for its option agreement with GGL Resources to explore the Providence Greenstone Belt Project in Northwest Territories. The 30,657-hectare project contains numerous gold and base metal showings across a 140-kilometre greenstone belt, with Silver Range mobilizing geological teams for mapping and sampling programs.
Aurelius intersects 9.4 g/t gold over 6.58 m on the Lipton Property
Aurelius Minerals announced initial assay results from their first exploration hole on the Lipton Property, intersecting 9.4 g/t gold over 6.58m, including higher-grade zones of 17.7 g/t gold over 2.04m. The property is located adjacent to Detour Gold's property and 5.5km south of their 58N discovery in Ontario's Abitibi Greenstone Belt.
Monarques Gold enters into a definitive agreement to acquire all the mining assets of Richmont Mines
Monarques Gold announced a transformative acquisition of all Richmont Mines' Quebec mining assets, including the Beaufor mine and multiple properties, in exchange for 19.9% equity. The deal is supported by a $6.5M private placement and positions Monarques as an emerging gold producer in the Abitibi region.
Eagle Plains Resources: stakes “Robinson Creek” high-grade gold, copper property in Saskatchewan
Eagle Plains Resources has staked the 1,000-hectare Robinson Creek property in Saskatchewan, targeting high-grade gold and copper mineralization 15km west of Flin Flon. The property covers 8 separate mineral occurrences with encouraging historical exploration results including gold-bearing quartz veins and VMS-style copper-zinc mineralization. The company is seeking joint-venture partners to advance exploration on this 100%-owned, royalty-free property.
Glacier Lake completes first pass 2017 exploration program at Silver Vista
Glacier Lake Resources completed its 2017 first pass exploration program at the Silver Vista property near Smithers, BC, successfully verifying access and collecting 28 samples from the southern half of the property. The company plans follow-up drilling at the MR showing, which previously returned strong intercepts including 61.91m @ 0.11% Cu and 40.5 gpt Ag, and will commence exploration of the northern Golden Vista target with gold values up to 6.33 g/t.
Bluestone Resources announces new President and CEO; equipment purchase from Goldcorp
Bluestone Resources appointed Darren Klinck as President and CEO effective August 1, 2017, and acquired $2.43 million worth of mining equipment from Goldcorp's closed Marlin mine in Guatemala. The equipment purchase supports development planning for Bluestone's Cerro Blanco gold and Mita geothermal projects.
China Investment Corporation (CIC) sells 7% of its stake in Teck Resources
China Investment Corporation sold 42 million Teck Resources shares (7.36% of Class B shares) in a private transaction as part of portfolio adjustment. CIC remains a significant shareholder with 10.40% of outstanding Class B shares and continues as a long-term financial investor. Both companies emphasized their ongoing positive relationship and CIC's confidence in Teck's management and strategic direction.
Significant uranium mineralization reported at CanAlaska’s West McArthur Project
CanAlaska reported significant uranium mineralization at its West McArthur Project, with drill hole WMA042 intersecting 1.34% eU3O8 over 5.65 metres. The project is being drilled by joint venture partner Cameco, which is earning into the property located adjacent to the Fox Lake uranium discovery in Saskatchewan's Athabasca Basin.
GrowMax Resources announces appointment of CEO and Grant of Options
GrowMax Resources appointed Stephen Keith as CEO, replacing Interim CEO Abdel Badwi, while granting 1.5 million stock options to senior executives. Keith, a professional engineer with 20 years natural resources experience, will continue leading the company's strategy to develop potash and phosphate fertilizer production in Peru. The company owns 92% of the Bayovar Property covering 227,000 acres in Peru's Sechura Desert.
Metallis drills into mineralized monzonite, ramps up exploration program
Metallis Resources completed two drill holes at its Kirkham Property in BC's Golden Triangle, intersecting mineralized monzonite throughout with evidence that mineralization improves with depth. The company is expanding its exploration program with new surface sampling at the King East target area and has added a specialist geologist with experience discovering major porphyry deposits.
Manson acquires DJ Jade Project Washington State, USA, field work begins
Manson Creek Resources acquired the DJ Jade Project in Washington State through an option agreement and staking, covering 140 hectares with four identified nephrite jade occurrences. The company plans immediate field work including surveying, sampling, and geophysical surveys to outline potential trenching and drilling targets.