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When the gold price crashed to less than $300 an ounce in the late 1990s many gold mines in Canada went into “care and maintenance”. And when that price failed to recover these mines were, effectively abandoned.
Cartier Resources Inc. (TSX VENTURE:ECR) (“Cartier”) is pleased to announce it has intersected 7.6 g/t Au over 5.0 m, 235 m beneath the deepest stope at Chimo Mine, situated 45 km east of Val-d’Or. These new results were intersected at a depth of 1,075 m along the depth extensions of gold-bearing zones 5 which produced 2/3 of the ounces mined. The intersection is the first from an 8,000-m deep drilling program which is part of the ongoing 34,000-m drill program on the Chimo Mine property.
Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN – FSE: N071) is pleased to announce the start of the Phase 1 drilling program on the Mop-II gold-copper deposit. The Roger Project is located within the Abitibi greenstone belt and is 5 km from the historic mining centre of Chibougamau, Quebec.
Cartier Resources Inc. (TSX VENTURE:ECR) (“Cartier”) is pleased to announce that it has completed its commitments to acquire a 50% interest of the Fenton property, located 50 km southwest of Chapais and 50 km north of Osisko’s Windfall Lake gold deposit in the heart of the Urban-Barry’s belt. SOQUEM and Cartier now form a joint venture to continue exploration of the property for which no royalty has been granted. This acquisition constitutes an additional asset corresponding to Cartier’s strategy.
Enforcer Gold Corp (“Enforcer” or the “Company”) (TSX-V: VEIN – FSE: N071) is pleased to report on the preliminary results from evaluating historical drill data on the Mop-II gold-copper deposit. The Mop-II was historically explored as a higher-grade, vein type deposit; however, a review of the data indicates there is significant potential to define a high-tonnage, lower-grade deposit that could be evaluated for its bulk mineable potential.
Falco Resources Ltd. (TSX VENTURE: FPC) (“Falco” or the “Company”) is pleased to announce that it has commenced its 2018 exploration program on the Donalda – Quemont East target. An initial program of 20 holes for a total of 20,000 metres is planned to be completed.
– Bonterra Resources Inc. (TSX-V: BTR, US: BONXF, FSE: 9BR1) (the “Company” or “Bonterra“) is pleased to announce that it has closed its previously announced brokered private placement for gross proceeds of $21,495,000 (the “Offering“). Sprott Capital Partners acted as lead agent on behalf of a syndicate of agents which included INFOR Financial Inc., Red Cloud Klondike Strike Inc., Laurentian Bank Securities Inc. and PI Financial Corp. (collectively, the “Agents“).
Our friend Paul Gill is pushing ahead in the graphite exploration business with Lomiko’s La Loutre Flake Graphite Project located in Quebec. However the company is also working in the cryptocurrency space with a new investee company, Promethieus Crypto Currency.
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“).
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.