Premier Gold Mines of Thunder Bay, Ont., has provided an update on development at the South Arturo joint venture in the Carlin Trend.
Ontario Mining News
Drifting and drilling the 7 zone at the Eagle River mine has resulted in longer than average strike lengths and extended the zone at depth.
For substantive change to take hold at the company, long-term directors who have presided over value destruction and overseen technical failures of prior mine plans need to be replaced.
Pure Gold purchased the Madsen property in 2014, advancing the project to the current development stage.
Aurelius previously made cash payments of $25,000 and issued 1.5 million shares to ALX.
The company’s stock jumped 12% Wednesday, following the announcement.
The skyline of Kirkland Lake changed recently when the 65-metre-tall concrete headframe for Kirkland Lake Gold’s new Macassa No.4 shaft was slip formed in just 10 days.
BTU Metals has expanded its Dixie Halo gold project in Red Lake, Ontario, by acquiring Burgudy Exploration and its 41.6 sq. km of prospective land in the area.
The two hope to leverage their joint expertise and capability on projects of importance to the mining sector.
Alamos Gold says its best ever surface directional drilling intersection is at the Island Gold mine, 83 km northeast of the town of Wawa.
The extended plan increases the mine life by two years, raising production to 372,000 oz. gold per year and all-in sustaining costs to US$703 oz. gold per year.
The company specifically targeted cobalt for the first time at this historic silver producing mine.
The federal government has announced that it will provide up to 25% of the construction costs for the road through the P3 Canada Fund.
A resource estimate for Pickett Mountain is to be released before the end of year based on modelling of historical and recent drill results.
Grant supports innovation to cut greenhouse emissions, which the gold miner will do by opening the first underground mine in Canada to replace all diesel mobile equipment with battery electric vehicles.
Paulson & Co has threatened to replace Detour's board if it does not successfully explore strategic alternatives, including a sale, and look for a new chief executive.
Major is interested in acquiring Detour.
It depends on how you measure it.
Resource industries are the backbone of Ontario's economy, representing an important source of greater living standards and well-being for all.
This program will provide qualifying businesses $0.75 per watt for solar panel installations up to 500 kW (AC).
Ontario and First Nations partners have signed historic resource revenue sharing agreements in mining and forestry – the first of their kind in the province.
GFG says this is the first ever systematic, district-scale exploration program in an under-explored portion of the Abitibi greenstone belt.
The project will connect remote First Nations in Northwestern Ontario to Ontario’s power grid and provide for savings associated with avoided diesel costs.
According to the Minister of Northern Development and Mines, the Province wants to help improve mine productivity in the region, increase operating efficiencies, and contribute to the global expansion of northern businesses.
GFG Resources now controls a total of 700 square kilometres of gold assets in Ontario and Wyoming.