motherlodetv.net
Metallic Minerals (V.MMG) has a press release out today announcing an option agreement to acquire 36.4 square kilometres (“km2”) of mining rights along the Australia Creek drainage, a tributary to the Indian River, in the Klondike gold district near Dawson City, Yukon. In the same release Metallic announces that it has entered into a production royalty agreement for 2.4 kilometers of that property which will give Metallic a 12% royalty on gold produced.
Excellent perspective piece on the Yukon mining scene by Gary Baschuk of Peartree Securities. Peartree specializes in flow through shares which finance so much of the exploration which takes place in Canadian Mining and Baschuk has seen a lot of exploration camps. It is interesting to see companies like Victoria Gold, Atac Resources and Western Copper and Gold through a finance guy’s lens.
Tahoe Resources Inc. (TSX: THO, NYSE: TAHO) (“Tahoe” or the “Company”) reported today that the Guatemalan Supreme Court issued a decision that reinstates the Escobal mining license of Tahoe’s Guatemalan subsidiary, Minera San Rafael (“MSR”). This decision reverses the Supreme Court’s preliminary decision to suspend MSR’s license in connection with an action brought by the anti-mining organization, CALAS, against Guatemala’s Ministry of Energy and Mines (“MEM”). CALAS alleges that MEM violated the Xinca indigenous people’s right of consultation in advance of granting the Escobal mining license to MSR. (full release here)
TORONTO, Sept. 07, 2017 (GLOBE NEWSWIRE) — Marathon Gold Corporation (“Marathon” or the “Company”) (TSX:MOZ) is pleased to report continued positive drill results from the Marathon Deposit, Valentine Lake Gold Camp, central Newfoundland. New infill drilling further confirms the continuity of good gold grades through the 75-100-meter wide and more than 500-700-meter deep mineralized corridor of the Marathon Deposit, further enhancing the upgrading of Inferred resources to Measured and Indicated resource categories. Drilling down the east edge of the main mineralized corridor intersected high-grade gold values including 3.45 g/t Au over 20 meters with 5.60 g/t Au over 9 meters and 12.85 g/t Au over 6 meters in MA-17-189, and 2.85 g/t Au over 15 meters with 30.72 g/t Au over 1 meter in MA-17-190. Steep drilling across the main mineralized corridor intersected 1.73 g/t Au over 43 meters with 4.36 g/t Au over 6 meters, 2.11 g/t Au over 19 meters and 4.72 g/t Au over 5 meters in MA-17-196, and 3.39 g/t Au over 28 meters with 16.71 g/t Au over 5 meters in MA-17-199 (Figure 1).
September 7, 2017 / TheNewswire / Vancouver, British Columbia – Cache Exploration Inc. (the “Company”, or “Cache”), (TSX-V:CAY) is pleased to announce that it has made the final payment to Montego Resources Inc. for the acquisition of 100% of the Kiyuk Lake Gold Property through payment of $300,000 by the issuance of up to 3,000,000 Common shares of the Company having a deemed value of $0.105 per Share (“Shares for Debt Settlement”)
September 6, 2017 / TheNewswire / Vancouver, British Columbia – Cache Exploration Inc. (the “Company”, or “Cache”), (TSX-V:CAY) is pleased to announce that partial assay results have been received for KI17-001 the first hole of the program of its ongoing summer drill program at its Kiyuk Lake Gold project in Nunavut.
GGX Gold (V.GGX) is reporting over 16 meters of 4.59 gpt gold and 38.64 gpt silver at its Gold Drop Project near Greewood, BC. We’ve had interesting results from GGX earlier this summer with “Samples from the first batch of samples returned significant results for gold and silver with values up to 81.8 g/t Gold and 630 g/t Silver. (August 21, 2017) and drilling results including a half meter of 24.1 gpt AU and 192 gpt AG (August 28, 2017).
Chris Donaldson, Manager, Corporate Development at Western Copper and Gold (T.WRN) draws our attention to a joint Federal/Provincial News Release announcing a 360 million-dollar commitment to road construction in Yukon. The package includes funds for road upgrades and extensions to WRN’s Casino Project.
VANCOUVER, BRITISH COLUMBIA / TheNewswire / September 5, 2017 – MGX Minerals Inc. (“MGX” or the “Company”) (CSE: XMG / FKT: 1MG / OTC: MGXMF) is pleased to announce that the common shares and warrants qualified by the Company’s final short form prospectus dated August 21, 2017 (“Prospectus”) commenced trading on the Canadian Securities Exchange (the “CSE”) on August 30, 2017 and September 1, 2017, respectively. A total of 6,879,226 common shares and 6,879,226 warrants issuable for no additional consideration upon the deemed exercise of 6,253,842 special warrants of MGX (“Special Warrants”) on August 30, 2017. The Special Warrants were issued in connection with the previously announced private placement offerings (the “Offerings”) which closed on May 12, 2017 and May 31, 2017. The Special Warrants were sold at a price of $0.90 per Special Warrant (the “Issue Price”), for aggregate gross proceeds of approximately $5.6 million.
TORONTO, Sept. 5, 2017 /CNW/ – Sierra Metals Inc. (TSX: SMT) (BVL: SMT) (NYSE AMERICAN: SMTS) (“Sierra Metals” or “the Company”) today announced assay results from a recently completed definition drilling program at the Bolivar West zone which is located adjacent to the current operations at the Bolivar Mine. The highlight of this program is that at completion the drill information will be included in a future resource update for the Bolivar Mine located in Urique, Chihuahua state, Mexico.