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MONTREAL, QUEBEC–(Marketwired – Aug. 14, 2017) – TOMAGOLD CORPORATION (TSX VENTURE:LOT) (“TomaGold” or the “Corporation”) is pleased to announce the closing of the transaction with IAMGOLD Corporation (“IAMGOLD”) announced on August 10, 2017. As a result, TomaGold has issued 27,777,777 common shares to IAMGOLD for gross proceeds of $2,500,000 read rest of press release here
SolGold (TSX: SOLG; USOTC: SLGGF; LON:SOLG) is building momentum at its 85%-owned Cascabel copper-gold project, 180 km north of Ecuador’s capital Quito. The company expects to ramp up from five to eight drill rigs before delivering its first inferred resource estimate at the property’s Alpala porphyry cluster later this year.
(Toronto, August 14, 2017) Osisko Mining Inc. (OSK:TSX. “Osisko” or the “Corporation”) is pleased to provide new results from the ongoing drill program at its 100% owned Windfall Lake gold project located in Urban Township, Abitibi, Québec. The current 400,000 metre drill program combines definition, expansion and exploration drilling in and around the main Windfall gold deposit and in the adjacent Lynx deposit (located immediately NE of Windfall). Significant new analytical results from 16 intercepts in 14 drill holes and wedges focused on infill and expansion drilling in the Underdog, Caribou, Zone 27 and the Mallard corridors are presented below.
If Artemis survives for the next 100 years, it will be the very best deal they will have ever done. Quinton Hennigh has literally handed them a gold mine. He took a piece of ground they put no value on and applied his theory to show that the potential is large indeed.
The company’s stock nearly tripled from 96¢, only to gain another 33¢ to $3.15 per share on Aug. 8, when assay results of a 700-kg bulk sample delivered 87.8 grams gold per tonne and 46.1 grams per tonne.
Large-cap gold companies are in crisis mode—that’s the truth. Most of them have operational costs, which are near or at $1,250, so they’re employing thousands of workers daily, dwindling their only asset, gold, and at the end of the day, they have little to show for it.
Balmoral Resources Ltd. (TSX:BAR) is pleased to announce that it has entered into an agreement with PI Financial Corp. as lead agent on behalf of a syndicate of agents, pursuant to which the Agents have agreed to offer 4,225,000 national flow-through common shares of the Company at a price of C$0.71 per National FT Share for aggregate gross proceeds of C$2,999,750 read more at Balmoral
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Red Eagle Mining (TSX: R; US-OTC: RDEMF) announced first gold at its San Ramon underground gold mine in Colombia in late 2016, but ramp-up at the operation hasn’t exactly been going according to plan.
SmallCapPower | August 4, 2017: Only 11 junior mining companies trading on Canadian stock exchanges have generated positive operating cash flow over the past 12 months. Investing in these cash-flow generating assets is much safer than speculating on junior gold companies that have not yet moved into production. When analyzing these cash-flow positive companies, it is important not to pay too much for an ownership stake. Today we have identified four Canadian junior mining stocks trading below the industry median 8x price/LTM operating cash-flow multiple. read more at Small Cap Power