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Monarch Gold and Probe Metals announce substantial increase in resource estimate at Monique Gold
Monarch Gold Corporation announced a substantial increase in the mineral resource estimate for its Monique gold property near Val-d'Or, Quebec, with current inferred resources of 107,500 tonnes at 4.88 g/t gold for 16,850 ounces. Probe Metals can earn a 60% interest by spending $2 million on exploration, and management believes the deposit has potential to become a new million-ounce gold deposit in the Abitibi mining camp.
VanadiumCorp launches 8,500m infill and extension drilling program at its Lac Doré Vanadium Project
VanadiumCorp has launched an 8,500-meter drilling program at its Lac Doré Vanadium Project in northern Quebec, the first comprehensive drilling since 1979. The program targets a 2-kilometer-long zone of vanadiferous titanomagnetite mineralization and aims to establish a mineral resource estimate in compliance with NI 43-101 standards.
Midland resumes exploration work on its Willbob Gold Project in the Labrador Trough
Midland Exploration has resumed exploration work on its wholly-owned Willbob gold project in Quebec's Labrador Trough, focusing on the Ants showing which returned strong channel sample results including 3.33 g/t Au over 5.0 metres. The company has expanded its land position with 133 new claims and plans a 1,000-metre drilling campaign for September 2019.
Vior announces earn-in agreement on its Ligneris Gold Project, Quebec
Vior Inc. announced an earn-in agreement with Ethos Gold Corp allowing Ethos to earn up to 70% interest in the Ligneris Gold Project in Quebec's Abitibi Greenstone Belt. The agreement structure allows Ethos to earn 51% by paying $1M in shares and spending $3M over four years, with an option to earn an additional 19% by spending another $4M over three years.
Stelmine is making plans to drill on the Courcy property
Stelmine Canada is preparing to drill its Courcy gold project in Quebec's James Bay Territory after two years of exploration work. The company has completed channel sampling over 3,000 m² and identified the 21-km Courcy fault as the main gold carrier, with historical drilling showing 4.26 g/t Au over 42m.
Enerkem named finalist of The Sky’s the Limit Challenge
Enerkem Inc. was named a finalist in Canada's Sky's the Limit Challenge for green aviation fuels, receiving $2 million to compete for a $5 million grand prize over 18 months. The waste-to-biofuels company will develop economical and sustainable aviation fuel using its proprietary technology that converts municipal solid waste into methanol, ethanol and other chemicals.
B.C. passes law to have 100% zero emission vehicles by 2040
British Columbia has passed legislation requiring all new vehicle sales to be zero-emission by 2040, with interim targets of 10% by 2025 and 30% by 2030. Lomiko Metals, a lithium-focused company, views this as positive news for electric vehicle adoption and battery metals demand. The policy comes amid high gas prices and new provincial EV incentives in BC and Quebec.
Nemaska Lithium provides project update
Nemaska Lithium provided an update on its Whabouchi lithium project, reporting $262.3M in unrestricted cash as of March 31, 2019. The company has made construction progress at the Whabouchi mine and is 55% complete on detailed engineering at the Shawinigan plant, while actively pursuing financing alternatives with financial advisors.
Harfang enhances the potential for Cu-Au-Ag around Mista Prospect on its Serpent Property
Harfang Exploration completed a high-resolution magnetic survey revealing a 3.5 km structural corridor at the Mista discovery on its Serpent Property in Quebec's James Bay region. The survey identified two important structural trends associated with copper-gold-silver mineralization, with the company planning to resume exploration work in early June including mechanical trenching and potential drilling.
MAC’s 2019 TSM Excellence Award winners celebrate environmental and community initiatives
The Mining Association of Canada awarded its 2019 TSM Excellence Awards to Glencore's Raglan Mine for its Tamatumani Program that increased Inuit employment by 110%, and to IAMGOLD's Essakane Solar Project in Burkina Faso featuring the world's largest hybrid solar/thermal plant. The awards recognize innovative sustainability and community engagement initiatives in mining operations.
Chalice Gold Mines Limited exploration update – East Cadillac Gold Project, Quebec
Chalice Gold Mines completed an 18-hole reconnaissance drilling programme at its East Cadillac Gold Project in Quebec, discovering a significant new 10km Windward Fault system with anomalous gold intersections. The company also completed a 116.8 line km 3D-IP survey identifying several strong chargeability anomalies, highlighting the district-scale exploration potential along the prolific Larder Lake-Cadillac Fault trend.
Prominent Quebec pension fund increases share position in Osisko Metals
La Caisse de Dépot et Placement du Québec (CDPQ) increased its position in Osisko Metals by acquiring 1 million shares from Executive Chairman Robert Wares. The $309.5 billion pension fund has been a strategic partner since 2014, with the transaction reflecting confidence in Osisko's zinc-focused growth strategy.
Nouveau Monde Graphite files Environmental and Social Impact Assessment for its Matawinie Project
Nouveau Monde Graphite filed its Environmental and Social Impact Assessment for the Matawinie graphite project with Quebec's environmental ministry, marking a key permitting milestone. The project aims to produce 100,000 tonnes per year of graphite concentrate over 25.5 years, incorporating innovative all-electric mining technology and sustainable practices. The ESIA filing advances the company's goal to develop a strategic mineral resource essential for Quebec's energy transition plan.
Encouraging results in the new sector of the eastern Opinaca basin
Stelmine Canada reported encouraging gold exploration results from its Joubert property in Quebec's Opinaca basin, with channel samples returning 0.83 g/t Au over 1.5m and 1.10 g/t Au over 0.25m. The results support the company's position in the emerging eastern Opinaca sector where several other mining companies are now actively exploring. Stelmine plans more detailed exploration focusing on the contact zones between siltstones/tuffs and metabasaltic rocks.
A miracle metal
Lomiko Metals is advancing its La Loutre graphite project in Quebec, which contains 18.4 million tonnes at 3.19% graphite in indicated resources and 16.7 million tonnes at 3.75% inferred. The company plans to complete a second resource drilling program and PEA by end of 2019, positioning for the growing battery-grade graphite market where prices have doubled in three years.
Restart of Pointe-Noire Pellet Plant Proposed
Bedrock Industries and the United Steelworkers have agreed to begin discussions for a new collective agreement to restart the idled Pointe-Noire iron ore pellet plant in Quebec. The facility was closed in 2013 when previous owner Cliffs Natural Resources filed for bankruptcy protection in 2014.
Troilus launches 40,000 metre drill program
Troilus Gold Corp. has launched a 40,000-metre drill program at its Troilus Project near Chibougamau, Quebec, building on 2018 results that increased mineral resources by 90%. The two-phase program will focus on expanding open pit potential and confirming extensions of historic mineralization at the former producing gold-copper mine.
Mason Graphite presents its updated feasibility study economic results for the Lac Guéret Project
Mason Graphite presented updated feasibility study economics for its Lac Guéret graphite project in northeastern Quebec, maintaining the project's financial robustness as construction activities begin. The company has $30M in cash liquidity and is reviewing financing options with National Bank Financial. Tree clearing operations have commenced at the site with completion expected by mid-December 2018.
QMX Gold upsizes and closes previously announced non-brokered private placement at $1.8 million
QMX Gold Corporation closed a $1.8 million non-brokered private placement through the issuance of 19.8 million flow-through units at $0.09 each. The proceeds will fund exploration activities at the company's Val-d'Or Mining Camp property in Quebec, with Fred Leigh returning as Interim Chairman.
Gold mineralization associated with a major fault extending 21 km at Courcy
Stelmine has identified a 21-kilometer-long major fault zone (Couteau fault) at its Courcy gold property in Quebec that hosts significant gold mineralization. The company completed extensive exploration including 568 linear meters of channel sampling and structural mapping, with best results of 4.27 g/t Au over 42 meters coming from near the fault zone. A 3D geological model has been built to guide future drilling campaigns on this promising structural target.
Chalice prepares for major new drill program to test large-scale gold targets at East Cadillac Gold
Chalice Gold Mines plans to commence an 8,100-metre diamond drilling program in January 2019 at its East Cadillac Gold Project in Quebec to test two large geochemical targets. The Anderson and Legrand anomalies show gold values up to 22 times background and have similarities to major regional deposits including the 16Moz Canadian Malartic mine.
Nemaska Lithium provides project construction update
Nemaska Lithium reported construction progress on its Whabouchi mine and Shawinigan electrochemical plant, with $315.9M committed of the $874.7M total budget and no lost-time injuries after 245,397 construction hours. Concentrate production is expected to begin in H2 2019 with lithium salts production starting in H2 2020.
Kintavar begins final phase of the 2018 drilling program on Sherlock and nominates new CFO
Kintavar Exploration resumed drilling at its Mitchi Property in Quebec, planning up to 2,000 meters focused on the Sherlock corridor before year-end. The company also appointed Mathieu Bourdeau as its new in-house CFO, bringing Deloitte and software industry experience to support the advancing project.
Nasigon Maiden drilling confirms continuous stratiform copper mineralization over 1 km from surface
Kintavar Exploration completed a 16-hole maiden drilling program at Nasigon on their Mitchi property, intersecting stratiform copper mineralization over 1 km and confirming the extension of copper mineralization to over 15 km across the project. The best intersection returned 22.0m @ 0.28% Cu, with mineralization remaining open laterally and at depth.