Northern Miner Staff

The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.

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.

The company says it acquired the property because of increasing demand for vanadium, and in particular vanadium-redox flow batteries.

Superior Gold has found more than 50 grams of gold in six intersections and more than 20 grams in 15 intersections.

The mine is expected to produce an average of 62,000 ounces of gold a year over a seven-year mine life .

The company has now upgraded 90% of its Kari Pump resource to the indicated category.

Under the agreement, Premier Gold can acquire a 100% stake in the 206-hectare Rodeo Creek land package.

The project saw a 97% increase over the previous resource.

Bunker Hill Mining terminated its lease and option agreement to acquire the Bunker Hill zinc-lead-silver mine in Idaho after missing US$400,000 in property payments

Tamarack North nickel-copper-cobalt project in Minnesota is expected to produce 23.3 million lb. nickel and 11.1 million lb. copper per year over a 7 year mine life.