Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts.
Delrey Metals has finished its $165,000 phase one exploration program at its Sunset cobalt-copper-zinc property in BC, Canada.
Maverix Metals expects to exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.
They don’t call it “Windfall” Lake for nothing.
The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.
The Marathon deposit has the potential to develop an underground mine but for now management believes it’s more cost-effective to find open-pit resources at US$10 per ounce rather than more costly underground resources.
The company says it acquired the property because of increasing demand for vanadium, and in particular vanadium-redox flow batteries.
Superior Gold has found more than 50 grams of gold in six intersections and more than 20 grams in 15 intersections.
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.
In the last year, vanadium has out-performed all other metals, it’s just kind of the right time and right place for the right project.
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.