Newfoundland Mining News

Anaconda Mining cuts 12.76 g/t over 6 metres at Argyle

The Argyle deposit has indicated resources of 543,000 tonnes grading 2.19 g/t gold for 38,300 oz.

Maritime begins infill drilling at Hammerdown

About 3,000 metres of drilling is planned in 19 holes designed to convert inferred to measured and indicated resources.

Champion Iron hunts high grade zones at Powderhorn

The company says the data acquired in 2017 and 2018 demonstrates the presence of a 50-metre thick zinc-bearing unit with several high grade lenses.

Drill success continues in Newfoundland for Marathon

This year the company has added 844,000 ounces of gold in the measured and indicated category and 519,000 ounces of gold in the inferred to its total overall resource for Valentine Lake.

Marathon Gold hits more high-grade intercepts in Newfoundland

Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts.

Marathon Gold advances Marathon deposit with more drilling, updated PEA

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.

Marathon’s updated PEA delivers 44% increase in recovered gold at Valentine

The Valentine Lake project is made up of four open-pittable deposits: Marathon, Leprechaun, Victory and Sprite, but Marathon and Leprechaun contain the vast majority of the gold.

Anaconda Mining grows footprint in Atlantic Canada, creates ExploreCo

Anaconda has been busy trying to grow through mergers and acquisitions. Last year, it acquired its first project in Nova Scotia — Goldboro — through the acquisition of Orex Exploration. And in February, it added a new deposit to Great Northern Project in Newfoundland.

Developer increases gold resources at project with 'district size potential'

Canaccord Genuity reported that Marathon Gold Corp. released an updated resource on its Valentine Lake gold project in Newfoundland.

Hebron project off Newfoundland coast kicks off oil production

It's expected to help Atlantic Canada offshore production rise 44% to 307,000 bpd by 2024.

Anaconda Mining to fill Newfoundland pit with Nova Scotia tailings

When the company's Pine Cove pit mine stops producing in about eight months, work will begin to turn it into a tailings storage facility with capacity of up to 7 million tonnes.

Canadian Gov’t loans $2M to Newfoundland copper-gold mine

Funding will help English junior miner Rambler to increase production at its flagship mine, Ming, located in the Baie Verte Peninsula.

Coal slump hits Teck’s profit, output forecast

The Vancouver-based miner profit fell 21% in the quarter, making it adjust its 2015 coal production forecast to 25-26 million tonnes from 26.5-27.5 million tonnes.

Chile may revoke Teck’s copper mine permit over environmental breaches

Teck is facing sanctions over infractions that include openings in the deposit where the ore is stored and a failure to build sufficient water infrastructure.

Australia’s Paladin Energy gets historic ok to run uranium mine in Canada

Until now Canadian companies needed to have at least 51% stake in any uranium project.

No recession for Alberta, just ‘zero growth’ as oil price nosedives

According to TD's latest report, real GDP growth in Alberta will inch forward by only 0.5% this year before speeding up to 1.8% in 2016.

Vale confirms plans to sell stake in $35 billion base metals unit

Chief Financial Officer Luciano Siani confirmed Tuesday the company's plans to sell a minority stake in its metals-producing unit.

Red Moon Potash starts drilling at Captain Cook Salt/Potash deposit in Western Newfoundland

The drilling program at the miner's Captain Cook salt/potash deposit in Western Newfoundland will consist of two holes.

Massive oil find off Canada’s Newfoundland could yield up to 600m barrels

While production is not expected until after 2020, the finding was welcomed in a province that leans heavily on offshore earnings.

Big holes found in Canada’s oil spill plans

Report shows Canadian taxpayers could be on the hook for a massive environmental cleanup bill in the event of an offshore oil leak.

Canadian Zinc reports financial results for second quarter 2012

For the three and six month periods ended June 30, 2012, the company reported a comprehensive loss of $11,955,000, compared to a comprehensive loss of $24,551,000 for the same periods respectively ending June 30, 2011.

Soldi Ventures Inc. Receives Results from Metallic Gold Assays at the Golden Bullet Project, Newfoundland

Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to provide the metallic assay results from the first of the re-assayed holes from the winter 2011 drilling program on its Golden Bullet project in central Newfoundland. VANCOUVER, BRITISH COLUMBIA--(Marketwire - Feb. 9, 2012) - Soldi Ventures Inc. (Soldi) (TSX VENTURE:SOV) is pleased to provide the metallic assay results from the first of the re-assayed holes from the winter 2011 drilling program on its G...

Marathon Gold finds high-grade ore in Newfoundland

Reuters reported that Marathon Gold?s (TSX:MOZ) shares rose following the announcement of a gold discovery in Newfoundland. As quoted in the market news: Shares of the Toronto-based company were trading up 24 cents at C$1.34 on the Toronto Stock Exchange.