The interest behind its acquisition of all of Vanadium North Resources' shares is the Valley of Vanadium project in the Northwest Territories.
Canada Mining News
The company said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year.
The company pinned the cost increases partly on mining ending at its low-cost Cortez Hills open pit in Nevada in the first half of the year.
Canada’s largest diversified miner saw its quarterly profit drop 41.5 % from the year earlier, amid lower prices for copper, zinc and oil.
Osisko Metals considers the exploration potential to be high both at Key Anacon and adjacent properties it owns.
The target is on the company’s flagship Tatogga property near Iskut in British Columbia’s Golden Triangle.
A minimum budget of $16 million is set, $10 million of which was raised by a flow-through share offering made in December.
Roxgold believes the project has near-term development potential due to its Antenna deposit, which hosts an inferred resource of 5.8 million tonnes.
The statement doesn’t offer a reason for her departure.
Drilling at Dukes Ridge in 2018 returned a best assay of 52 g/t gold and 846 g/t silver over 3 metres within a larger interval of 33.52 metres that graded 5.8 g/t gold and 128.7 g/t silver.
The overall grade for the bulk sample is estimated to be 20 g/t gold.
“Again, all we’ve heard are allegations in a newspaper. The prime minister has said that these allegations are false.”
Madsen is one of the highest grade undeveloped gold deposits in the world.
The project encircles the Taldybulak Levoberejnyi Mine, which was recently built by Zijin and contains 3.2 million ounces in reserves and resources at a grade of 7.2 g/t.
The increase would mean integrating an initial production rate of approximately 25,000 tonnes per year into its development plans.
SNC didn’t identify the project but analysts are pointing the finger at a copper mine run by Codelco, Chile’s state-owned producer.
The company says it has seen a significant improvement over the past year, with prices up about 20%, but believes conditions are not where they need to be to restart idled capacity.
SolGold is frustrated at the rejection of its planned bid for Canadian firm Cornerstone, which holds 15% of the Cascabel copper-gold project in Ecuador.
Indicated resource is 423,000 ounces of gold averaging 1.22 g/t Au.
Together with an industry partner, the company built a pilot plant to recycle cobalt, nickel, manganese, and aluminum.
Windfall gold project in Quebec tops list and Global Atomic Corp's uranium project in Niger comes in second.
Other assays were positive as well.
Two phases are planned to de-risk and expand on the current resource report last November.
Wallbridge has plans to start its 2019 drilling program in mid-February.
The junior explorer reported this week that Grasset’s H1 zone has now been intersected for 1,140 metres along strike.