Dundee Precious Metals announces 2017 Fourth Quarter and Annual Results and 2018 Guidance
All monetary figures are expressed in U.S. dollars unless otherwise stated)
Annual Financial and Operating Highlights:
Author: MotherlodeTV
Bonterra Announces $21.5 Million Private Placement
Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra“) is pleased to announce that it has entered into an agreement with Sprott Capital Partners to act as lead agent (the “Lead Agent“), on its own behalf and, if applicable, on behalf of a syndicate of agents (collectively with the Lead Agent, the “Agents“), in connection with a marketed private placement to raise gross proceeds of $21,495,000 (the “Offering“).
Cartier Cuts 4.7 g/t Au over 5.1 m Including 17.7 g/t Au over 0.5 m at Chimo Mine
Cartier Resources Inc. (TSX VENTURE:ECR) (“Cartier”) is pleased to announce new results from its ongoing 30,000-m drill program on the Chimo Mine property, situated 45 km east of Val-d’Or. These new results were intersected at a depth of 650 m along the extensions of Zones 5N and 5M.
MGX Minerals Commences Lithium Brine Testing in Chile; Multiple Projects to be Evaluated
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to announce the Company has commenced joint brine testing with four Chilean mining companies at multiple salars (the “Projects”) located throughout Chile. The Projects are at various stages of development. The purpose of joint testing is to provide a basis for future potential joint-venture locations that will utilize MGX’s lithium extraction technology. All samples are being shipped to Calgary, Alberta to undergo pilot plant testing.
Rye Patch Gold Hires Chief Operating Officer
Rye Patch Gold Corp. (“Rye Patch” or the “Company“) (TSX.V: RPM; OTCQX: RPMGF; FWB: 5TN) is pleased to announce the appointment of Mr. Douglas M. Jones, B.Sc. Mining Engineering, as the Company’s Chief Operating Officer.
MGX Minerals Announces Advancement in Nanofiltration Lithium Technology; Commences Initial Design of 2400 Cubic Meter Per Day Plant
MGX Minerals Inc. (“MGX” or the “Company”) (CSE:XMG) (FKT:1MG) (OTCQB:MGXMF) is pleased to report the adsorbtion rate for the Company’s lithium extraction nanofiltration process (the “System”) has been increased from 20mg/g, milligram of lithium per gram of adsorbtion reagent, to an optimized 40mg/g Li/reagent. This reflects a doubling of adsorbtion rate and a significant cost cutting breakthrough as reagents reflect the single largest cost in the Company’s lithium extraction process. This advancement reduces reagent use and the direct cost of lithium chloride recovery from brine. Additionally, reagent depletion in the lithium nanofilter has now been reduced to less than 1% per cycle, increasing the operating time and associated recovery for the lithium nanofilter prior to requiring recoating with the reagent.
Bayhorse Silver Inc. Commences Mining the Legend Zone at the Bayhorse Silver Mine; Ships First Ore-Sorted Upgraded Mineralization, Oregon, USA
Bayhorse Silver Inc. (TSXV: BHS) (“Bayhorse” or the “Company”) has shipped the first upgraded mineralization from the Ore-Sorter at the Bayhorse Mine, Oregon, USA, to Mineral Solutions of Coeur D’Alene, Idaho, USA for further processing.
Enforcer Gold Prepares to Drill the OR79 Discovery at the Montalembert Gold Project
Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN; FSE: N071) is pleased to announce it has further refined drill targets for its 1,500 m diamond drilling program on the newly discovered OR79 zone at the Company’s Montalembert gold project.
Margaux Resources Ltd. Submits Application for Regulatory Approval of Jersey-Emerald Tungsten Tailings Bulk Sample; Announces Appointment of New CFO
Margaux Resources Ltd. (TSXV: MRL) (OTCQB: MARFF) (“Margaux” or the “Company”) is pleased to report that it has submitted a joint application to the British Columbia Ministry of Energy, Mines & Petroleum Resources, and the Ministry of Environment & Climate Change Strategy, for a Permit under the BC Mines Act to undertake a Bulk Sample of up to 10,000 tonnes of historic tailings from the historic Jersey-Emerald mine (“Bulk Sample”), in southeastern BC.
TerraX Begins 2018 Winter Drill Program at Yellowknife City Gold
TerraX Minerals Inc. (TSXV: TXR) (FSE: TX0) (OTC Pink: TRXXF) is pleased to announce that it has commenced its 2018 winter drill program at its Yellowknife City Gold project, immediately adjacent to the City of Yellowknife in the Northwest Territories. The initial program will total approximately 6,000 meters and incorporate up to three dill rigs to test dip and strike extensions of the Sam Otto and Crestaurum deposits (see map here).