Tag: gold

Black Mountain Gold USA Corp. Provides Update on Permitting at Its Mohave Gold Project, Arizona

MotherlodeTV
Black Mountain

Black Mountain Gold USA Corp. (TSXV: BMG) (“BMG” or the “Company”) is pleased to provide an update on the progress with permitting at its Mohave Gold Project in Mohave County, Arizona. The Company is advancing permitting to facilitate its Exploration Plan of Operation (EPO) which includes rehabilitation of historic access roads as well as additional road construction and up to 600 drill sites. BMG is pleased to report that the Bureau of Land Management (BLM) has deemed the EPO complete and approved the additional environmental baseline studies conducted by the Company allowing BMG to proceed to the Environmental Assessment (EA) stage of permitting for the EPO. read more

Cartier Iron Announces Commencement of 10,000 Metre Diamond Drilling Program at Big Easy Low Sulphidation Gold-Silver Project, Newfoundland

CSAMT Survey in progress in Central Anomaly-Big Easy Showing area to outline additional targets for drilling along strike and at depth Cartier Iron completes 100% earn-in on Big Easy property
MotherlodeTV

Cartier Iron Corporation (CSE:CFE) (“Cartier Iron” or the “Company”) is pleased to announce that it has commenced the planned 10,000m diamond drill program at the Big Easy low sulphidation gold-silver project near Clarenville, Newfoundland. Drilling will initially focus on the Central Anomaly where previous drilling (see press release June 8, 2021) confirmed an extensive zone of silicification up to 200m wide with epithermal gold-silver mineralization. This additional drilling will more fully explore this very prospective zone which extends for at least 600m along strike. Table 1 lists initial planned drill holes and Figure 1 shows the location of the chargeability anomaly with planned drill holes. Drilling is also planned to test the chargeability/resistivity anomalies identified on the Sleigh Pond grid in the southern part of the property as outlined in the press release of June 8, 2021, and as shown in Figure 1. The Sleigh Pond program will likely take place in winter 2022. The drilling program is being managed by Mercator Geological Services with drilling being carried out by Logan Drilling Group. read more

Renforth Drills 9.5m of 4.66 g/t Gold at Wholly Owned Parbec Gold Deposit in Quebec

MotherlodeTV
RFR.C, Renforth Resources, gold, Quebec

Renforth Resources Inc. (CSE:RFR) (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR) (“Renforth” or the “Company”) is pleased to announce additional positive assay results from the 2021 portion of the >15,000m drilled into the wholly owned Parbec surface gold deposit in Malartic, Quebec, contiguous to the Canadian Malartic Mine.  The interval of 9.5m of 4.66 g/t gold included a sub-interval of 1m which assayed 31.2 g/t of gold. This drill program, which consisted of 49 drill holes, was designed to infill gaps within the mineralized model, as well as test several historic holes in order to validate >13,000m of drill data excluded from the May 2020 Mineral Resource Estimate for Parbec and to begin to test the deposit at depth, greater than 75% of the mineralization in the model sits above a depth of 300m. With today’s release there are assay results from 10 drill holes remaining to be received and released once complete. read more

Gran Colombia: Getting bigger in Colombia and Guyana

JayCurrie
Gran Colombia Gold, GCM.T, Gold, Colombia

Gran Colombia Gold (GCM.T) is going big, Executive Chairman Serafino Iacono told me over the phone. “We mine gold in Colombia, but our operations have expanded. As well as gold in Colombia, we are recovering silver, and will have a new plant coming online which will process our tailings and extract lead and zinc as well. Then we have acquired the Toroparu gold and copper property in Guyana, which has almost 11 million ounces of gold and significant copper. So now we are adding diversification with polymetallic and multi-jurisdictional.” read more

Lucky Minerals: Too Much Geology in Ecuador

JayCurrie
Lucky Minerals, LKY.V, gold, Ecuador,

“We have too much geology for our geologists,” Francois Perron, CEO of Lucky Minerals (LKY.V) told me in a telephone interview. It is a problem many junior exploration companies would like to have. Having 12 contiguous exploration concessions covering 550 Km2 means there is a lot of ground to cover. So much ground that Lucky Minerals has only been able to focus on a few “hot spots” on its Fortuna property in Ecuador. read more

Gran Colombia Announces Closing of Offering of US$300 Million 6.875% Senior Unsecured Notes; Gives Notice of Early Optional Redemption of 8.25% Senior Secured Gold-Linked Notes Due 2024

MotherlodeTV

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it has completed its previously announced offering of US$300 million in 6.875% senior unsecured notes due 2026. read more

Gran Colombia Prices Oversubscribed US$300 Million 6.875% Senior Unsecured Notes Offering

MotherlodeTV
T.GCM, Gran Colombia, gold, Colombia

Gran Colombia Gold Corp. (TSX: GCM; OTCQX: TPRFF) announced today that it has successfully priced an oversubscribed offering of US$300 million in senior unsecured notes due 2026 at a coupon rate of 6.875% (the “2026 Notes”) pursuant to Rule 144A and Regulation S of the U.S. Securities Act of 1933, as amended, (the “Act”), with closing expected to occur on or about August 9, 2021. read more

Renforth Successfully Completes Final Parbec Twin Hole With 11.75m of 3.3 g/t Gold

MotherlodeTV
RFR.C, Renforth Resources, gold, Quebec

Renforth Resources Inc. (CNSX:RFR.CN) (OTC:RFHRF) (FSE:9RR) (“Renforth” or the “Company”) is pleased to announce that PAR-21-132 successfully twinned PAR-87-33 with several mineralized intervals, including 11.75m which gave an average assay of 3.3 g/t Au between 130.15m and 141.9m down the hole, including a sub-interval of 15.53 g/t Au over 1.75m between 136.45m and 138.2m down the hole. Assay highlights for this hole are presented below. read more

Grid Metals Corp. Provides Update on Exploration Activities at Bannockburn Nickel and East Bull Lake Palldium Properties

MotherlodeTV
Grid Metals, GRDM.V

Grid Metals Corp. (the “Company“) (TSXV:GRDM)(OTCQB:MSMGF) is pleased to provide a shareholder update for its projects located in Ontario Canada. The drill program at Bannockburn Nickel is completed and the Company is awaiting assay results from the remaining seven drill holes submitted for assay. At the East Bull Lake Palladium Property first results from a sampling program over new prospective drill target areas are now pending with select samples expected in early August. At East Bull seven target areas are being field investigated in the summer field program which will assist in targeting for the upcoming phase of drilling. read more