The mine is expected to produce an average of 62,000 ounces of gold a year over a seven-year mine life .
The company has now upgraded 90% of its Kari Pump resource to the indicated category.
Under the agreement, Premier Gold can acquire a 100% stake in the 206-hectare Rodeo Creek land package.
The project saw a 97% increase over the previous resource.
Bunker Hill Mining terminated its lease and option agreement to acquire the Bunker Hill zinc-lead-silver mine in Idaho after missing US$400,000 in property payments
Tamarack North nickel-copper-cobalt project in Minnesota is expected to produce 23.3 million lb. nickel and 11.1 million lb. copper per year over a 7 year mine life.
Golden Reign acquired all of Marlin’s shares.
The Euro Sun describes it as one of the largest mineral deposits in the European Union.
Lundin Gold expects to reach the ore body at its Fruta del Norte project in Ecuador during the first quarter of 2019, and pour first gold at around this time next year.
The company says it will expand its mine plan to include a treated water reservoir that can meet Montana’s new pollution standards.
The company estimated that project expenditures in 2018 to total between $110 million and $130 million.
The company mined at an average grade of 2.6 grams gold per tonne in the quarter.
Drilling is set to resume at Florida Mountain in the first half of 2019 and is fully funded.
The high-grade copper-zinc-gold-silver volcanogenic massive sulphide system is 100 km east of Dease Lake in northern B.C.
78% higher than in the same quarter of the previous year.
After completing the transaction, Caledonia will own 64% of Blanket.
Northern Vertex Mining Corp. has reached a deal with existing shareholder Greenstone Resources for an unsecured working capital facility of up to US$10 million.
The extended plan increases the mine life by two years, raising production to 372,000 oz. gold per year and all-in sustaining costs to US$703 oz. gold per year.
The company shares the same core management team as Regulus Resources and is focused on projects in Argentina.
Next steps include ranking its list of targets for near-term scout drilling.
The Z87 pit ultimately ran 350 metres deep and had a strike length of about 900 metres.
Excelsior estimates it would initially produce 25 million lb. copper per year at Gunnison.
The Valentine Lake project is made up of four open-pittable deposits: Marathon, Leprechaun, Victory and Sprite, but Marathon and Leprechaun contain the vast majority of the gold.
Late last month the Tax Court of Canada ruled in favour of Cameco Corp in their decade long dispute
Less than a year after B2Gold declared commercial production at its 80%-owned Fekola mine, the gold producer has updated the mine’s resource estimate.