The farm-in deal gives Newcrest the option to acquire 70% of the project by spending $65 million on exploration and development over five years.
Exploration Mining News
The decision to take a dual listing comes as Canadian investors shun junior miners, preferring the buzz and growth potential of cannabis producers.
The new vessel is expected to add about 500,000 carat a year of production capacity to Debmarine Namibia, a 50/50 joint venture between De Beers and the African nation's government.
Miner logged a pre-tax loss for the period of £352,553, compared to a £602,678 loss a year before, as administrative expenses almost halved.
Ivanhoe can now finance Kakula and Kipushi mine to commercial production, and significantly advance, or achieve, production at the company’s Platreef Project in South Africa.
Moves gives Aussie miner access to the Moose River gold complex in Nova Scotia, Canada, which comprises one producing open-pit and three other development projects.
Average annual gold output would increase to more than 550,000 ounces in the five-year period 2020 – 2024, and over 400,000 ounces during the remaining seven years.
Toronto-based Eastmain Resources reports the results for the last three drill holes completed in 2018 at the Percival discovery.
Rau is located at the western end of the company’s Rackla property 55 km northeast of Keno City.
The program was initially designed by a master’s student at the University of Western Australia.
The property is adjacent to Goldcorp’s Eleonore gold project in the James Bay region.
Focus; safety performance, schedule, price, and quality core recovery.
Nova Scotia’s mining industry has established a new not-for-profit organization to manage its proposed Minerals Play Fairway project.
Drilling at new projects up 57% as spending on gold exploration reaches 21-year high.
Developers want to ease up geologists' work.
Great Bear Resources today reported a significant new high-grade gold discovery in the Hinge Zone at its Dixie Project in the Red Lake District of Ontario.
Clarus Securities agreed to purchase 2,500 Convertible Debenture Units of Lucky Minerals for gross proceeds of USD $2 M.
Petropavlovsk's largest shareholder, who is calling for an overhaul of the board, plans to sell the company's stake in an iron ore unit and draw up gold sector deals.
The summer exploration campaign will focus on the Lasalle property.
Seabridge has staked an additional 277 claims totaling 5,540 acres that are contiguous to the purchased claims.
But they also come with a catch - pitching ideas, striking deals and securing funding is the name of the game.
Today’s infographic shows the steps of mineral exploration, and how teams can use data to add value throughout the process.
Markets where technology hasn’t substantially shortened the supply cycle and where cost are rising (ie copper) have the greatest long-term upside in prices
Brazil's government will revise a decree that opened up a vast mineral reserve in the Amazon rainforest to mining responding to overwhelming criticism.
The Toronto-based company's solution for data acquisition while drilling received $500K in funding.