A total of 33,233 tonnes of ore with a reconciled average grade of 18.49 g/t gold containing 19,755 oz. gold were processed at the Camflo Mill.
Quebec Mining News
The alliance comprises nine gold and copper-gold major properties totalling 7,149 claims with a surface area of 3,277 sq. km.
High grade extension in the upper East and West mines have been outlined and are potential new underground mining areas.
The company's Renard mine rescue team won all the awards at the 57th Quebec Provincial Mines Rescue Competition.
Capacity will be tripled to 2,400 t/d from 800 t/d.
The results validate the company's own internal cost-to-complete construction assessment as of Feb. 13, 2019.
Mineralized material that had only 1.01 g/t gold was successfully upgraded to 67.99 g/t.
Drilling is continuing at the Kiena mine complex in Val d’Or, with results not yet reflected in a resource estimate.
The company's stock was up over 7% by Tuesday afternoon.
The Quebec pension fund has been a strategic partner and shareholder in the junior since 2014.
The Opemiska complex lies within the Abitibi Greenstone Belt and Quebec’s Plan Nord lands.
BHP is acquiring 3.44 million units of Midland at $1.70 per unit for $5.9 million.
The Montreal-based diamond producer said the move would not have an impact on total revenue for 2019.
The company has arranged a private placement with Pallinghurst Graphite that will raise C$10.3m for continued work on the Matawinie graphite project in Quebec.
Hecla estimates the Casa Berardi reserves contain 1.9 million oz. of gold.
The new facility should be fully functional in the second half of 2019. It also has the financial backing of the governments of Quebec and Canada.
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.
The Lamaque underground gold mine in Val d’Or, Quebec, is expected to produce up to 135,000 ounces of the precious metal a year in 2020 and 2021.
Since drilling began in in 2018, Monarch has expanded the deposit and confirmed its high-grade potential.
Total net loss for 2018 was $329.4m or $0.39 per share, compared to a net loss in 2017 of $114.2m or $0.14 per share.
Galaxy Resources and the Cree Nation of Eastmain have entered into a pre-development agreement for the James Bay lithium mine.
The gold-rich area is about 30 metres from surface and open at depth.
The first hole of Wallbridge Mining’s 2019 surface drill program has intersected six instances of visible gold.
A new hole drilled at the company's Percival target in James Bay, Quebec, returned a 74.5-metre intercept grading 0.97 g/t gold.
The resources include 225,342 measured and indicated tonnes grading 4.17 g/t gold for 30,212 oz. of contained gold.