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Eagle Plains acquires high-grade B.C. graphite property
Eagle Plains Resources has acquired a 711-hectare graphite property in British Columbia's Slocan region through staking, located 32km northeast of Nelson. The Slocan Graphite Project hosts large flake graphite occurrences with grades ranging from 1.2 to 3.5% carbon graphite over a 2km zone that has never been drill-tested. The property benefits from excellent infrastructure including proximity to an existing graphite processing plant and high-voltage transmission lines.
Globalstar announces the release of Sat-Fi2, the world’s most advanced satellite hotspot
Globalstar has launched the Sat-Fi2, a portable satellite Wi-Fi hotspot priced at $649.99 CAD that connects up to eight devices for communications beyond cellular coverage. The device targets industries including oil and gas, mining, forestry, and construction that operate in remote locations where reliable connectivity is critical for safety and operations.
Pretium’s Brucejack Mine produces 32K ounces of gold in March
Pretium Resources reported steady production improvements at its Brucejack Mine, producing 32,910 ounces of gold in March as part of 75,689 ounces for Q1 2018. The company implemented a comprehensive grade control program and increased underground development rates to 700 meters per month, remaining on track for H1 2018 guidance of 150,000-200,000 ounces.
New gold discovery for Stelmine in the eastern James Bay region
Stelmine Canada announced a new gold discovery on its Trieste property in Quebec's James Bay region, with sampling returning 1.10 g/t gold from mineralized wallrock near banded iron formations. The company has expanded the property to 66.6 km² through acquisition of 81 new claims and plans a comprehensive exploration program for summer 2018.
Stelmine reveals a new gold-rich zone on Courcy
Stelmine Canada reported high-grade gold results from its new Southern Zone at the Courcy property in Quebec, including visible gold and assays up to 167 g/t Au. The company identified km-long mineralized structures and plans diamond drilling for summer 2018 to advance the discovery.
ASTTBC announces appointment of Theresa McCurry as CEO
Applied Science Technologists & Technicians of BC (ASTTBC) has appointed Theresa McCurry as its new CEO, effective April 9th. ASTTBC is BC's independent certifying body for engineering and applied science technologists and technicians, representing over 10,000 professionals who contribute $6 billion to BC's economy.
Fission appoints award-winning analyst to the Board
Fission Uranium Corp. has appointed Rob Chang, a highly regarded uranium analyst and former Bloomberg-recognized 'Best Precious Metals Analyst', to its Board of Directors. Chang brings 23 years of financial services experience and deep uranium sector expertise as the company advances its Patterson Lake South uranium project toward pre-feasibility studies.
Teck acquires Chile’s Quebrada Blanca minority interest
Teck Resources acquired an additional 13.5% interest in Chile's Quebrada Blanca Phase 2 copper project, bringing its ownership to 90%. The deal involves US$52.5 million upfront plus contingent payments up to US$210 million based on project milestones and copper prices.
Kubota Canada Ltd. announces the construction of a new facility in Pickering, Ontario
Kubota Canada Ltd. announced construction of a new $67 million headquarters and warehouse facility in Pickering, Ontario, scheduled for completion by end of 2019. The 565,500 square foot facility represents a significant expansion from their current Markham operations and will support growth from 190 to 250 employees by 2027.
Pure Gold announces excellent gold recoveries from metallurgical test work at Madsen
Pure Gold Mining announced excellent metallurgical test results from its Madsen Gold Project, achieving 95.4% average gold recovery with low reagent consumption. The results support potential improvement over the 92% recovery estimates used in the preliminary economic assessment and confirm the project's viability ahead of the feasibility study completion expected Q4 2018.
New reports deliver “most detailed picture ever” of groundwater in the Peace region
Geoscience BC released two comprehensive reports providing the most detailed groundwater mapping ever produced for northeastern BC's Peace region, where hydraulic fracking for natural gas occurs. The three-year Peace Project used advanced airborne geophysics and drilling to create 3D models predicting groundwater locations down to 300 meters depth with unprecedented accuracy.
Orla announces David Stephens as Director
Orla Mining announced David Stephens has been appointed to its Board of Directors, replacing Steven Thomas as Goldcorp's representative. Stephens brings extensive corporate development and capital markets experience from his current role as VP Corporate Development & Marketing at Goldcorp.
Fireweed substantially expands Macmillan Pass Project Area
Fireweed Zinc has signed option agreements to acquire two large claim blocks totaling 24,400 hectares adjacent to its Macmillan Pass Project in Yukon, more than doubling its land holdings to 46,900 hectares. The acquisitions from Constantine/Carlin and Golden Ridge Resources give Fireweed control over most of the Macmillan Pass Zinc District and expand potential for SEDEX zinc-lead-silver discoveries similar to its Tom and Jason deposits.
Cartier cuts 8.5 g/t gold over 3.5 m, 205 m below Chimo Mine
Cartier Resources intersected 8.5 g/t gold over 3.5 metres at 1,050 metres depth, 205 metres below the deepest stope at the former Chimo Mine in Quebec. This high-grade intersection is part of an 8,000-metre deep drilling program targeting depth extensions of gold-bearing zones that produced two-thirds of the mine's historical 379,012 ounces.
Westhaven starts drilling at Shovelnose gold property
Westhaven Ventures has commenced a 2,000-metre diamond drilling program at its Shovelnose gold property in British Columbia's Spences Bridge Gold Belt. The drilling targets the newly discovered South Zone gold-bearing vein system, which has been extended to 1,500 metres strike length and previously returned encouraging results including 85 metres of 0.52 g/t gold.
Kivalliq receives royalty payment from Sandstorm; exercises interest option in Baffin Gold
Kivalliq Energy received a $600,000 payment from Sandstorm Gold in exchange for up to a 1.75% NSR royalty on its Baffin Gold Property in Nunavut. The company also exercised its option to earn 100% interest in a portion of the property by issuing 250,000 shares to Commander Resources, giving Kivalliq control of 140 km of strike length along a prospective gold belt.
Glacier Lake completes Phase 1 Drill Program at Silver Vista
Glacier Lake Resources completed its first drilling program at Silver Vista property in BC since the early 1990s, drilling 7 holes for 1,273 metres targeting copper-silver mineralization. Portable XRF readings indicated elevated silver, copper and zinc levels in multiple horizons, with assay results pending from ALS laboratory.
Golden Dawn provides company update
Golden Dawn Minerals announced a detailed production timeline to bring the Lexington Mine and Greenwood Processing Plant into operation in 2018, targeting 200 tonnes per day by September. The company has successfully dewatered the mine and is progressing through geological assessments, equipment repairs, and permit compliance preparations.
Copper Lake Resources retains CHF Capital Markets
Copper Lake Resources has engaged CHF Capital Markets for investor relations services at $3,100 per month for 12 months, plus 250,000 options at $0.08. The company is positioning itself to capitalize on rising base metal prices as it commences drilling at its Marshall Lake VMS property in Ontario.
Update on the Kennady North winter drilling program
Kennady Diamonds reported strong progress on its winter drilling program at the Kennady North diamond project in Northwest Territories, with 1,868 meters completed and all eleven holes intersecting kimberlite. The company achieved a significant 50-meter kimberlite intercept on the Faraday 2 northwest extension and confirmed increased size potential for the Faraday 1-3 complex, which will be accretive to overall tonnage estimates.
Hecla to acquire three high-grade Nevada gold mines with the acquisition of Klondex Mines Ltd.
Hecla Mining Company announced it will acquire Klondex Mines Ltd. for US$462 million, gaining three high-grade Nevada gold mines (Fire Creek, Midas, and Hollister) that will add approximately 162,000 ounces of annual gold equivalent production. The transaction represents a 59% premium to Klondex shareholders and is expected to be accretive across multiple financial metrics.
Mountain Province Diamonds signs non-binding MoU with De Beers regarding Kennady Diamond Resources
Mountain Province Diamonds has signed a non-binding memorandum of understanding with De Beers regarding the Kennady Diamond Resources project. The agreement appears to be in preliminary stages as indicated by its non-binding nature.
Metallis completes VTEM Survey & provides exploration update on the Central Kirkham Area
Metallis Resources completed a high-resolution VTEM electromagnetic survey covering 13.3km2 of its Central Kirkham area within the 100% owned Kirkham Property in B.C.'s Golden Triangle. The survey targeted conductors related to VMS, shear-vein hosted gold, and porphyry copper-gold systems, with results to guide 2018 exploration activities across multiple prospects including King, Cole, and Etta.
Goldstar expands the Victoria Lake Tin Property in New Brunswick, Canada
Goldstar Minerals has expanded its Victoria Lake Tin Property in New Brunswick by staking 28 additional claim units, bringing the total property size to 88.7 km2. The property now extends nearly 20 kilometres and borders the former Mount Pleasant mine, which has a published resource of 12.4 million tonnes. The company plans airborne geophysical surveys in summer 2018 followed by prospecting to advance the project to drill-ready status.