A minimum budget of $16 million is set, $10 million of which was raised by a flow-through share offering made in December.
Ontario Mining News
The company says the refinery successfully leached 98% of the metal from the cobalt hydroxide with head grades in excess of 20% cobalt.
The company says the deposits are higher grade than previously thought.
The mill processed 20.7 million tonnes of ore with a head grade of 1.04 g/t.
Rapidly growing firm's engineering expertise will help Canadian clients meet construction, budgetary, and licensing goals.
Alamos said the high grade mineralization is known to extend 1,000 metres east of the current mine working.
Surge will continue to hold its interest in its cobalt projects in both Chile and Ontario, and its lithium brine project in Chile.
The Canadian gold miner announced record gold for both 2018 and the fourth quarter of the year, thanks mainly to higher-than-expected output at its Australian Fosterville mine as well as its Ontario-based Macassa and Taylor operations.
The complex produced more than 1.0 billion lb. of copper and almost 206,000 oz. of gold.
Harte Gold's Sugar Zone mine is on track to declare commercial production before year-end.
Premier Gold Mines of Thunder Bay, Ont., has provided an update on development at the South Arturo joint venture in the Carlin Trend.
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.