The $38-million investment will give Barrick an almost 20%-stake in Midas Gold.
Idaho Mining News
Project to extend life of Hecla Mining's Lucky Friday silver mine beyond 2040.
The current resource begins at surface, is comprised of 629,000 oz Au indicated and 146,000 oz Au inferred.
After 100 years hiatus, and some tentative steps in the last two years to reopen the Sinker Tunnel, work has finally begun.
The company highlights 1.88 g/t Au over 32 meters in historic drilling 1.0 km from Friday resource.
As equity market conditions have deteriorated further the permitting process for the project remains on hold.
Idaho's Silver Valley will need to pay $635 million under a new 30 year plan by the federal government to clean up over a century's worth of mining pollution in the region.
Canadian junior Atlanta Gold (TSX:AGC) on Tuesday reported that it was cut off from accessing its Atlanta gold property by a forest fire, and might not be able to continue court-ordered remediation work to the water treatment facility until mid-October.
An Idaho court has ordered Canadian Atlanta Gold Corp (TSX:ATG) to pay a bulky $2 million fine for its continuing failure to stop arsenic and iron from flowing into a tributary of the Boise River system.
Sunset Cove Mining (TSXV: SSM) (BVL: SSM) is pleased to announce the discovery of a new silver vein, Vanessa, where surface sampling shows 312.77 g/t AG, on its Carolay Polymetallic Silver Property. Vanessa is located 60 meters below the Carolay vein with a strike of 325° azimuth and a 56° dip to the northeast.
A northern Idaho silver mine that was shut down after a series of accidents last year, including the deaths of two miners, will start rehiring in July and should have a full workforce by the end of the year, Hecla Mining Co. Chief Executive Officer Phil Baker said Thursday.
Midas Gold Corp. today announced further assay results from its ongoing exploration and definition core and reverse circulation ("RC") drilling program on the Hangar Flats and Yellow Pine deposits at its Golden Meadows Project, Idaho. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 1, 2012) - Midas Gold Corp. (TSX:MAX) -
US-based silver miner Hecla Mining (NYSE:HL) says 2011 production remains within the company's estimates, and it expects to produce nine million ounces of silver despite a spate of mining accidents.
Premium exploration acquires highly prospective patented gold mining claims with industrial site in the heart of the Idaho gold project
VANCOUVER, BRITISH COLUMBIA--(Marketwire - Sept. 6, 2011) - Premium Exploration Inc. (TSX VENTURE:PEM)(OTCQX:PMMEF) ("Premium" or "the Company") is making gold discoveries. The Company's goal is to discover multiple deposits along its 30 km long Idaho Gold Project ("IGP"), a re-emerging gold district in Idaho, USA.
Colorado Republican Rep. Mike Coffman has been the leading proponent of getting the United States back in the REE game, introducing the Restart Act of 2010, which gives loan guarantees to mining companies, expedites the permitting process, directs the U.S. Geological Survey to scour the country for more supplies, and sets up long-term contracts with the Department of Defense to buy up the REEs produced by American companies.
Silver Falcon Mining announced on Tuesday it had cast 17 troy ounces at War Eagle Mountain, making it the first report of precious metal smelting in over 100 years at the historic Idaho site. Stock in the tiny company rose as much as 24% on triple the usual volumes on the news bringing its gains for the year to over 72%. Silver Falcon said it will now switch focus from processing the old tailings and commence with exploration activities now that weather inaccessibility is no longer a problem.
Silver Falcon Mining, Inc. brings its shareholders up to date on the company's work-in-progress at its mill/mine in Murphy, Idaho.
After more than nine days of holding out hope that trapped miner Larry “Pete” Marek was alive after a mine collapse, Hecla Mining Company said it believed Marek was dead and changed the rescue mission for Marek into a recovery mission at the Lucky Friday Mine early Easter Sunday morning. In a press release, Hecla stated “we are heartbroken to report that we now believe that Larry was under the fall of ground when it occurred and is deceased.”
Associated Press reports that rescuers have been trying to reach a miner caught in a cave-in more than a mile underground. The roof of a tunnel at the silver mine in northern Idaho collapsed where the 53-year-old miner and his brother were working.