The company has already located three diamondiferous bodies – White, Black and Grey Wolf – and three kimberlite dykes.
Inferred resources total 610,000 tonnes averaging 16.7 g/t gold for 328,000 contained oz. of gold.
Hecla estimates the Casa Berardi reserves contain 1.9 million oz. of gold.
Blasting specialist BME USA has been awarded a contract by Usibelli Coal Mine in Alaska to supply explosive products and accessories.
The new facility should be fully functional in the second half of 2019. It also has the financial backing of the governments of Quebec and Canada.
Teck Resources and Sumitomo have closed their $1.2B transaction, giving Sumitomo a 30% indirect interest in the Quebrada Blanca copper project.
The company said that 14 of the 20 assays exceeded the cobalt equivalent grade of 0.023% or more.
NexGen Energy has been busy with feasibility stage drilling at its Rook I property in the Athabasca Basin.
The project has probable open pit reserves of 141.7 million tonnes grading 1.02 g/t gold for 4.6 million contained oz.
Kirkland Lake Gold chairman Eric Sprott has announced his retirement, effective after the annual meeting on May 7.
Total net loss for 2018 was $329.4m or $0.39 per share, compared to a net loss in 2017 of $114.2m or $0.14 per share.
Galaxy Resources and the Cree Nation of Eastmain have entered into a pre-development agreement for the James Bay lithium mine.
Golden Predator has agreed to purchase 100% of the Reef gold property from Precipitate Gold.
Iamgold and JV partner Sumitomo Metal Mining Co. have discovered a new gold zone at their Côté project.
The Victor mine was forecast to produce 6 million carats over its life, but it beat that by recovering a total of 8 million carats, with a record 936,000 carats produced in 2018.
The PEA is scheduled for completion in Q3 2019.
The results have also expanded mineralization by 175 metres at Island Mountain.
The gold-rich area is about 30 metres from surface and open at depth.
The arrangement is expected to close in May 2019.
The first hole of Wallbridge Mining’s 2019 surface drill program has intersected six instances of visible gold.
Contained gold is up 27% and the life of the project has been extended to more than 10 years.
The company has applied an innovative geological analysis of the Key Anacon deposit and the Bathurst Mining Camp, and pinpointed 10 new greenfield exploration targets.
The Diagras property covers 22,595 hectares with a total of 23 known kimberlites on trend with the Diavik mine.
Nuinsco Resources has found high grade gold values up to 122 g/t at the past producing Sunbeam mine.
To solve the root cause of airlock, the GIW Industries team developed the High Volume Froth pump.