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Goldcorp (TSX: G; NYSE: GG) has found a foothold in northwestern B.C.’s historic Golden Triangle region with a plan to inject $7.2 million into Colorado Resources (TSXV: CXO) to gain exposure to the junior’s 305 sq. km KSP gold-copper property.
Glen Eagle Resources Inc. (Montreal, Quebec, August 23, 2017; TSX VENTURE: GER) (“Glen Eagle” or the “Company”) is pleased to report that Cobra Oro, a wholly owned Honduran subsidiary of Glen Eagle, has produced 223 ounces of gold and 1305 ounces of silver, representing approximately $CDN 380 000 in dore bars between July 1 and August 15, 2017. The cash flow after consideration of All-In Sustaining Cost (“AISC”) was approximately $CDN 150 000 for the period. These results represents an important turnaround from Q2 2017 where the Company sold $285 000 in dore bars due to aggressive upgrading works at its CIL gold plant as previously reported in a News Release dated June 15, 2017.
VANCOUVER, BC–(Marketwired – August 24, 2017) – Arizona Mining Inc. (TSX: AZ) (“Arizona Mining” or the “Company”) is pleased to report results from water well WW-1 drilled on its patented ground as part of the water supply testing program (the “Program”) on the Hermosa Project (the “Project”) in Santa Cruz County, Arizona.
TORONTO, Aug. 24, 2017 /CNW/ – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today announced drilling results from the Escondida zone situated within the Cachi-Cachi Mine, which is located 1,000 meters north of the Central Mine. Escondida is one of several limestone replacement mineralized zones demonstrating the existence of new mineralized areas within the Cachi-Cachi Mine. Escondida is located within the northern extension of the Esperanza Orebody demonstrating that mineralization from Esperanza continues to the north, and is still open to depth and along strike.
Canadian based Telson Resources Inc. is advancing two gold, silver and base metal projects towards production over the coming months of 2017 and early 2018.
Just put up an article on NextSource Materials fully modular graphite processing plant to be built and then shipped to Madagascar. Modular mills and plants make a lot of sense for miners planning to operate in areas with minimal infrastructure. It keeps costs contained and requires very little specialized labour once it is up and running. The article originally ran in The Financial Post. We’ll be posting a number of FP articles on Motherlode for easy reference.
Having a mineral deposit of any sort is the beginning of the process of building a mine. If your deposit is the right grade, if there is infrastructure and a suitable workforce, if you can design a flow sheet which makes economic sense, you might have a mine.
Resource Maven Gwen Preston announced over the weekend she’d be purchasing stock in Velocity Minerals Ltd. (VLC:TSX.V) at market open today (Aug. 21). She anticipated positive drill results from the company’s first holes at the Rozino project, located within the Tintyava prospecting and exploration license in southeast Bulgaria.
Klondike Gold was sent to the naughty corner for the paid article it had OilPrice.com.
Victoria Gold’s (CN:VIT) timing could be perfect. With gold-mining majors struggling to replace ounces through their internal exploration efforts, commentators are increasingly of the opinion that the market is entering a new phase of merger and acquisition activity. Victoria expects to be near the top of that list as few companies have a fully-permitted, shovel-ready gold project in a stable jurisdiction that will produce about 200,000 ounces of gold a year. And exploration at its Dublin Gulch property in Yukon, Canada continues to increase its scale potential to boot. go read the whole thing at the Mining Journal