The Goldenville project in Guysborough County is Osprey’s most advanced project and the province’s largest historic gold producer.
Nova Scotia Mining News
The company can earn up to an 80% interest in the property.
The Mining Association of Nova Scotia has announced the winners of its Mining ROCKS! video contest.
The company will table an updated resource estimate for Goldboro by 2019’s third quarter.
Alamos will sell a portfolio of 18 royalties to Metalla Royalty and Streaming for $8 million in Metalla shares. Following the transaction, Alamos will own 6.26% of Metalla.
Contained gold is up 27% and the life of the project has been extended to more than 10 years.
Kameron Coal’s Donkin mine has received four orders and six warnings from provincial authorities since limited production restarted on Jan. 25, following a roof cave-in last year.
The company produced 90,531 oz. gold in 2018, beating the upper end of its 82,000-90,000 oz. gold guidance.
The company expects to complete the Goldboro feasibility study this year.
The Fraser Institute has released its annual ranking of the best jurisdictions for mineral investment. Four of the top 10 places are Canadian provinces.
Highlights from the latest resource extension drill program include 11 metres grading 43.65 grams gold.
Students upload their videos to the MANS website and a panel of judges will pick the winners for the Best Junior High School Video, Best High School Video, Best Comedy, and Best 30-Second Commercial.
Atlantic Gold Corp. has updated the results for its most recent resource extension drilling at its three gold projects near Halifax.
Proposed geoscience surveys would identify areas with elevated uranium levels, the body representing the mining industry in the Atlantic province says.
The judging panel includes former Minister of Natural Resources and current Transportation Minister Lloyd Hines, Chief Terry Paul of Membertou First Nation and MINING.com’s own Cecilia Jamasmie.
The mining and quarrying industry is seeking government funding for an airborne geophysical survey program, considered an essential tool for attracting investment and job creation to the province.
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.
The listing also makes Erdene the only precious metals exploration and development company currently registered on the exchange.
The Halifax, Nova Scotia-based miner also said it had launched an offering of common shares to Mongolian residents, as well as a concurrent non-brokered private placement, which in combination are expected to raise up to $4.4 million.
Coronet Metals to acquire 3,888 mineral claims in the Meguma Gold Belt.
Indicated and inferred gold equivalent resources increased by whooping 208% and 172% respectively, when compared to the project’s maiden mineral resource estimate of 2015.
Provincial fuel tax is supposed to help pay for public roads and highways by charging the vehicle owners who use them. The Nova Scotia government gives other resource industries a tax rebate for fuel used in vehicles that do not go on public roads, such as fishing boats, farm tractors and forestry harvesters.
The 30,000-hectare terrain between Earltown, Tatamagouche and Wentworth is considered to have potential for the development of multiple gold mines.
The Mining Association of Nova Scotia (MANS) is pleased the new provincial government budget provides funding to establish the Mineral Resources Development Fund (MRDF).
The protected areas plan is harming the mining industry’s ability to create jobs and economic growth for Nova Scotians.