Phoenix gold project has yielded positive reconciliation results that validate the 2018 mineral resource estimate as well as the new geological model.
Windfall, which lies within the traditional territory of the Waswanipi Cree First Nation, is about 700 km northwest of Montreal.
The deposit is believed to be the largest undeveloped tin resource outside of a producing camp in Peru.
The inferred resource of 381 million tonnes was based on 98 diamond drill holes Eldorado completed mainly in 2017 and 2018 and a further 17 drill holes by European Goldfields between 2002 and 2004.
The mine is 307 km northwest of the nation’s capital of Accra, and is situated along the Sefwi Volcanic Belt, a northeast-southwest trending volcanic belt in western Ghana.
The project, near the Nevada border in southwestern Utah, hosts disseminated gold mineralization similar to deposits on the Carlin Trend.
Medgold is wrapping up a nearly 5,000-metre exploration program at its Tlamino gold-silver-lead-zinc project in southern Serbia that partner Fortuna Silver Mines is funding.
Exploration commenced at Malku Khota in 2003 and work on the project continued through to the expropriation in August 2012.
BTU Metals has expanded its Dixie Halo gold project in Red Lake, Ontario, by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area.
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.