Tag: gold

Bonterra Continues to Demonstrate Continuity of the Gladiator Gold Deposit Intersecting 16.9 g/t Gold over 6.5 m

MotherlodeTV
Bonterra, V.BTR, gold

Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (the “Company” or “Bonterra”) is pleased to announce initial results from the ongoing winter drilling campaign at the Gladiator Gold Deposit, including an intersection of 16.9 g/t Au over 6.5 m. High-grade intersections from four recent drill holes continue to demonstrate the continuity of the deposit and once again highlight the predictability of the mineralized zones with increased drilling density. The ongoing drilling campaign, totaling 70,000 m in 2018, includes infill and definition drilling at the Gladiator Gold Deposit. Five active drill rigs are currently focused to support the timing and completion of an updated mineral resource estimate in the second half of 2018. read more

Turning Money into Gold | Victoria Gold

JayCurrie
Victoria Gold, V.VIT, gold, Yukon, John McConnell

Mining Victoria Gold’s (V.VIT) Eagle Gold Project at Dublin Gulch in Yukon literally means taking off the side of a small mountain. That mountain hosts a National Instrument 43-101 compliant Reserve of 2.7 million ounces of gold at .67 gpt. Operating costs are estimated at US$550 per ounce and the mine is designed to produce approximately 200,000 ounces of gold per year in full operation. read more

Grizzly Discoveries: Gold in British Columbia

JayCurrie
Grizzly Discoveries, V.GZD, gold, British Columbia, Brian Testo

“I am not your typical CEO,” said Brian “Griz” Testo. “I was a prospector/developer during the Alberta diamond rush. One year I was flying down to PDAC and I met Pam Strand. She introduced me to Mike Dufresne. They told me if I wanted to develop properties the way I thought they should be developed I needed to have my own company. So with their help I started Grizzly Diamonds. Other opportunities came along and we switched the name to Grizzly Discoveries (V.GZD).” read more

Pacton Gold Settles Debt for Shares

MotherlodeTV
Pacton Gold, V.PAC, gold

Pacton Gold Inc. (TSXV: PAC) (the “Company” or “Pacton”) announces that it has agreed, subject to the acceptance of the TSX Venture Exchange, to settle $550,000 worth of debt to arm’s length parties by the issuance of 1,833,333 common shares of the Company at a deemed price of $0.30 per share. All shares issued pursuant to the debt settlement will be subject to the standard four month and one day regulatory hold periods. read more

TerraX Winter Drilling Extends Sam Otto Zone with 1.5 km Step-out Hole, Confirming a 2.2 km Long Mineralized Zone Open Along Strike and at Depth

MotherlodeTV
TerraX expands Yellowknife City Gold field exploration program

TerraX Minerals Inc. (TSXV: TXR) (FSE: TX0) (OTC Pink: TRXXF) is pleased to announce assay results from the first 5 holes (2,003 m) of its 2018 winter drill program now underway on the Yellowknife City Gold project. Two of these holes (688 m) tested the Sam Otto South extension, confirming a 2.2 km mineralized zone that remains open along strike and at depth. These holes were drilled as a follow up to our surface sampling program done in 2017 (news release of Sept 26, 2017). That program indicated the Sam Otto zone may extend for 3.5 kilometers south of the main zone which was drilled over 750 m of strike length in 2016. Hole TSO18-035 was collared 1.5 kilometer south of the Sam Otto main zone and intersected a broad zone of deformation and alteration (150 m wide) that contained a mineralized zone assaying 2.16 g/t Au over 27.16 m, including 1 m of 23.1 g/t Au, and 2.44 m at 7.99 g/t Au. read more

Victoria Gold is Building a Mine

JayCurrie
Canada gold, junior mining companies

We’ve been reporting on Victoria Gold (V.VIT) for several years. CEO John McConnell has been convinced that there would be a mine at the Eagle Deposit  Dublin Gultch in the Yukon. Today’s press release announcing a Comprehensive C$500 Million Financing Package for Eagle and Continuation of Construction Activities means that Victoria is financed right through until commercial production. read more

Victoria Gold Announces Comprehensive C$500 Million Financing Package for Eagle and Continuation of Construction Activities

MotherlodeTV
V.VIT, Victoria Gold, gold, Yukon

Victoria Gold Corp. (TSX.V:VIT) “Victoria” or the “Company” is pleased to announce that it has entered into documentation with Orion Mine Finance (“Orion”), Osisko Gold Royalties Ltd (“Osisko”) and Caterpillar Financial Services Limited (“Caterpillar Financial”) with respect to a construction financing package totalling approximately C$505 million in aggregate (the “Financing”) that will fully fund the development of the Eagle Gold project through to commercial production. The Financing is comprised of: read more