Mining Intelligence Articles & Market Analysis - Page 150
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Argyle Announces Renewal with Euro Digital Media
Argyle Resources extends a marketing deal with Euro Digital Media for one month, paying $500K, to promote its mineral exploration projects in North America.
Vizsla Royalties Announces Completion of Payment of Acquisition and Amendment to Compensation Plan
Vizsla Royalties completes a royalty acquisition in Mexico and amends its equity plan, doubling potential issuances, and grants stock options and RSUs to align staff with growth.
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ONGold Announces Filing of NI 43-101 Technical Report for the Monument Bay Gold Project and Provides Corporate Update
ONGold filed a NI 43-101 technical report on Monument Bay Gold Project, detailing historical mineral resources, extensive drilling, and exploration potential in Manitoba.
District Files NI 43-101 Technical Report for the Viken Deposit Mineral Resource Estimate in Sweden
District Metals filed a NI 43-101 report updating mineral resources at its Viken Project in Sweden, highlighting indicated and inferred resources for various minerals.
Kenorland Closes Atlantic Project Acquisition and Receives Notice of Exercise of Top-Up Right from Sumitomo and Centerra
Kenorland Minerals acquired 31,052 hectares of mineral claims in New Brunswick's Atlantic Project, enhancing its exploration portfolio for gold, polymetallic deposits, and other minerals.
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Standard Uranium Provides Exploration Update Highlighting Successful Project Generation with New Joint Venture Ready Projects Available in 2025
Standard Uranium Ltd. has announced updates on three of its 100% owned uranium exploration projects in the Athabasca Basin region, northern Saskatchewan. The Company, which holds over 233,000 acres of exploration properties in the region, has been expanding its landholdings and advancing early-stage projects. The Company has also completed three joint venture earn-in partnerships on the Sun Dog, Canary, and Atlantic projects, which have committed over $23.8M in work over the next three years. It has successfully completed exploration drill programs on time and under budget. The Company is currently seeking new joint venture partners for its uranium projects.
Intrepid Metals Provides Details on New Drill Targets at Corral Copper Project
Intrepid Metals Corp. has provided updates on new drill targets after the successful completion of its initial drill program at Corral Copper Property in Arizona. The program tested a copper-gold-silver-zinc mineralized footprint, revealing substantial mineralization. Post-drill, Intrepid carried out several exploration initiatives using the new data to conduct further exploration targeting. The company also completed its first ground-based gravity geophysical survey covering key parts of the property, which successfully identified the Ringo Zone, home of the highest-grade drill results. The survey results suggest this method could be used to detect gold and copper mineralization across the property. The company plans to start its Phase 2 drill program in early 2025.
Kesselrun Resources Provides Exploration Update on Huronian Gold Project
Kesselrun Resources Ltd. has begun exploration activities on its fully owned Huronian Gold Project in Thunder Bay, Ontario. The project, which includes a past-producing gold mine and an historic gold resource estimate, is located near Goldshore Resources' Moss Gold Project. The company is mobilizing personnel, including mapping and sampling crews, to advance target areas to drill-ready status. With the recent rise in gold prices, the company is aiming to reveal the full potential of the Huronian Gold Project.
District Copper Reports Highly Encouraging Results at Copper Keg Project in British Columbia
District Copper Corp. has reported promising results from its 2024 summer field program at its Copper Keg project near Cache Creek, BC. The property, spread over approximately 6,628 ha, is considered conducive for the discovery of porphyry-style copper mineralization. Over 500 soil samples were collected and analyzed, with the average value of all samples being 45.8 ppm Cu. The company's CEO, Jevin Werbes, expressed excitement over the encouraging results and the acquisition of new land adjacent to the original Copper Keg claims. The company plans to continue analyzing the results and prepare for the next stage of exploration.
Copper Fox Provides Update on Drill Permitting at Mineral Mountain
Copper Fox Metals Inc. and its subsidiary, Desert Fox Mineral Mountain Co., have provided an update on the permitting process for a drilling program on the Mineral Mountain porphyry copper project in Arizona. The project is located within a copper belt near Rio Tinto and BHP's Resolution porphyry copper-molybdenum deposit and Taseko's Florence porphyry copper deposit. Copper Fox submitted a Plan of Operations to the Bureau of Land Management, which was approved. However, the company must prepare an Environmental Assessment due to the project's location in a critical habitat area. The biological evaluation is complete and the Environmental Assessment is underway.
Scorpio Appoints Leo Hathaway as Technical Advisor, Further Strengthens Team
Scorpio Gold Corporation has announced the appointment of Leo Hathaway, a seasoned professional geologist with 30 years of experience, to its advisory panel. Hathaway has a significant track record in the mineral exploration industry, having played a key role in the acquisition, advancement, and sale of several major projects. His addition to the Scorpio Gold team is expected to enhance the company's strategic goals and drive shareholder value. The company also aims to file a NI-43-101 compliant resource at its Manhattan project in Q1 2025.
Great Eagle Gold Corp. Appoints Mining Innovator Michelle Ash as a Director and Chairwoman of the Board and Announces Investor Information Webinar
Great Eagle Gold Corp. has appointed Michelle Ash as a director and Chairwoman of the Board, effective immediately, succeeding Chris Hansen who will continue as a Director. Michelle Ash is a senior executive known for her expertise in strategy development, technology transformation, and innovation across various industries including mining and manufacturing. She has a 30+ year career in mining, holding executive roles at Acacia Mining and Barrick Gold Corporation, and serves on the boards of several companies. Concurrently, Laura Pacheco has resigned from the Board of Directors.
Defiance Silver Extends San Acacio Option and Acquires New Concessions at Tepal Project
Defiance Silver Corp. has extended its option to acquire 100% of the San Acacio property in the Zacatecas district, with the payment due date changed from September 27, 2024, to December 31, 2024. The company has also acquired six additional licenses at its Tepal project, covering 636.25 hectares for $20,000 + VAT. These licenses are believed to extend the mineralization of the Tepal project. Defiance has also entered into an investor relations service agreement with San Diego Torrey Hills Capital Inc., starting November 1, 2024.
Newfoundland Discovery Announces Share Consolidation
Newfoundland Discovery Corp. has announced a consolidation of all its issued and outstanding common shares on a 20-to-1 basis, pending approval from the Canadian Securities Exchange. Following the consolidation, the company will have 4,661,333 common shares. The company's name and stock symbol will remain unchanged. Newfoundland Discovery Corp. is a Canadian junior mining exploration company focused on the exploration and development of mineral assets in active Canadian mining districts.
Austral Gold Files Q3 2024 Quarterly Activity Report
Austral Gold Limited, a well-established gold producer, has announced the filing of its Q3 2024 Quarterly Activity Report. The report is available on the company's profile at www.asx.com, www.sedarplus.ca, and www.australgold.com. The release was approved by the CEO of Austral Gold, Stabro Kasaneva.
Torex Gold Provides Q3 2024 Update on Media Luna Project and Increases 2024 Production Guidance
Torex Gold Resources Inc. has updated its Q3 2024 report on the development of its Media Luna Project, which is now 87% complete. The tie-ins and upgrades to the processing plant have been rescheduled from November 2024 to February 2025 due to delays in the delivery of critical electrical equipment and recent hurricane activity. The first copper concentrate production is expected in Q1 2025. However, this delay will result in increased gold production in 2024.
Florida Canyon Gold Receives Final Order of the Ontario Superior Court of Justice to Approve Arrangement with Integra
Florida Canyon Gold Inc. (FCGI) has received final court approval for its pending arrangement transaction with Integra Resources Corp. The transaction, anticipated to close in November, involves Integra acquiring all issued and outstanding common shares of FCGI. In return, FCGI shareholders will receive 0.467 of a common share of Integra. This deal is subject to other closing conditions, including the sale of FCGI's Mexican assets to Heliostar Metals Ltd. FCGI is a junior gold producer with assets in the United States and Mexico.
Dakota Gold Corp. Announces Leadership Transition
Robert Quartermain has been appointed as the President and CEO of Dakota Gold Corp., effective immediately. Quartermain, who has been with the company since its formation in 2022 and is its biggest individual shareholder, replaces Jonathan Awde. He brings considerable experience in mine development and exploration, which will be crucial in advancing Dakota Gold's Richmond Hill project. The company's board expressed their satisfaction with the company's progress and optimism about its potential to create shareholder value.
Aurania Grants Stock Options
Aurania Resources Ltd., a mineral exploration company focusing on precious metals and copper in South America, has granted a total of 415,000 stock options to specific officers and consultants as per their Stock Option Plan. These options, priced at C$0.70 each, include 200,000 options granted to a company officer, valid for five years from the grant date and subject to standard vesting conditions.
Fairchild Announces Closing of the Second Tranche of a Private Placement Offering
Fairchild Gold Corp. has announced the second tranche closure of its non-brokered private placement, raising $105,000. This involved issuing 1,750,000 units at $0.06 per unit, each comprising of a common share and a purchase warrant. The warrant can be converted into an additional common share at an exercise price of $0.15 for 60 months from the date of issuance. The proceeds will be used for exploration at the company's Copper Chief Project in Nevada, USA, and for general capital purposes. In total, the company plans to close additional tranches of the offering up to $900,000.
Galleon Gold Announces Interest Payment on Convertible Debentures
Galleon Gold Corp. has decided to issue common shares to satisfy its obligation to pay interest accrued under the terms of the convertible debentures issued in April 2024. This issuance of shares, which is subject to the approval of the TSX Venture Exchange, will be in lieu of delivering fractional common shares or paying cash. The interest accrued on the debentures, totaling $110,722.61, will be covered by issuing 377,588 common shares to the debenture holders. A company insider holds some of these debentures, making this a related party transaction, but it is exempt from certain requirements due to regulations.
Rise Gold Provides Corporate Update
On October 30, 2024, Rise Gold Corp. announced the resignation of John Proust, Murray Flanigan, and Benjamin Mossman from the Corporation's Board of Directors. Benjamin Mossman will continue to provide advisory services to the Corporation. Rise Gold Corp. is an exploration-stage mining company whose main asset is the historic Idaho-Maryland Gold Mine in Nevada County, California.
Besra Gold Announces: September 2024 Quarterly Activities Report
Besra Gold Inc has released its September 2024 Quarterly Activities Report. The announcement was authorized by the Board of Besra Gold Inc. Further information can be obtained from company secretary Michael Higginson or investor relations services James Hamilton.
Flying Nickel Announces Closing of $8 Million Minago Sale with Norway House
Flying Nickel Mining Corp. has completed an agreement with Norway House Cree Nation (NHCN) and 10197729 Manitoba Inc., under which NHCN has bought the Minago Nickel Project in Manitoba, Canada for $8 million. The deal also involved the surrender of all NHCN-held shares in Flying Nickel, assumption of certain royalties and an existing option agreement by the Purchaser and NHCN, and reimbursement of certain expenses. The shares represented 11.41% of Flying Nickel's issued shares, which have now been cancelled. The transaction was approved by Flying Nickel's shareholders and the British Columbia Supreme Court. The project will significantly contribute to NHCN's long-term economic development.
Premium Nickel Announces Results of Annual General and Special Shareholders' Meeting Including Name Change
Premium Nickel Resources Ltd. held its Annual General and Special Meeting on October 29, 2024, where all proposed resolutions were approved by shareholders. The resolutions included re-electing the Company's directors, appointing MNP LLP as auditors, approving the change of the Company's name to "Premium Resources Ltd.", and approving the Company's restricted share unit plan. After the meeting, the board re-appointed the Company's officers. The company is a mineral exploration and development company focused on redeveloping mines in Botswana.
We Are in the Most Bullish Environment for GOLD Imaginable: Adrian Day
Adrian Day predicts a gold bull market due to rate cuts amid inflation....
Ivanhoe Mines Delays Q3 2024 Financial Results Call on October 30, 2024 by 15 Minutes; Revised Start Time 10:45am EST
Ivanhoe Mines has announced its third quarter 2024 financial results call will start at 10:45 a.m. Eastern time / 7:45 a.m. Pacific time on October 30, 2024. The call will end with a Q&A session, with media invited to listen and analysts to join by phone. A recording of the call and supporting slides will be available on Ivanhoe Mines' website. The company, focused on mining projects in Southern Africa, is also exploring new copper discoveries in the Western Forelands, adjacent to its Kamoa-Kakula Copper Complex in the DRC.
Elemental Altus Notes Planned 30% Production Expansion at Cornerstone Karlawinda Royalty
Elemental Altus Royalties Corp. has announced that Capricorn Metals Ltd is planning a significant production expansion at the Karlawinda Gold Project, where Elemental Altus holds a 2% Net Smelter Return royalty. The expansion aims to increase annual gold production to 150,000 ounces, a 30% increase from current production, and will boost Elemental Altus' royalty revenue. The increase in production is due to a new three-stage crusher and ball mill circuit, which will expand total processing capacity to 6.5 Mtpa. The expansion, set to be completed by Q2 2026, follows a 15% increase in Mineral Reserves at Karlawinda.
Xtra-Gold Reports Q3 2024 Financials and CEO Update
Xtra-Gold Resources Corp. reported unaudited financials for the quarter ending September 30, 2024. The company's financial health is strong, with total assets of US$15.3 million, comprised of cash, liquid securities, and gold inventory, and no debt. The total income for the quarter was US$2.07 million, with a net income after tax of US$1.46 million. The company continues its exploration efforts targeting lode gold deposits in the Kibi Gold Belt, where it holds five mining leases. The exploration team is preparing to drill several high-priority gold targets to expedite the goal of becoming a multi-million ounce gold discovery.
European Energy Metals Corp. Announces Name Change to Grit Metals Corp.
European Energy Metals Corp. has announced its name change to Grit Metals Corp. effective October 30, 2024. The company's common shares will continue to trade under the same symbol "FIN" from November 4, 2024. Grit Metals Corp. is a junior mining company focusing on the Lithium-Cesium-Tantalum Finnish Pegmatite Project in central Finland. The company also owns several precious metals projects in Northern Finland.
Nova Pacific Metals Announces Closing of Its Recently Upsized Financing
Nova Pacific Metals Corp. has completed its previously announced non-brokered private placement, issuing 11,478,600 units at a price of $0.25 per unit, raising $2,869,650. The company's CEO, J. Malcolm Bell, expressed satisfaction with the successful financing and emphasized that it will help bring the Lara Project into production. Each unit issued includes one common share of Nova Pacific and one share purchase warrant. The company also retains the option to accelerate the expiration date of the warrants under certain conditions.
Military Metals Enters Definitive Agreement to Acquire European Union Antimony Deposits
Military Metals Corp. has entered into an agreement to acquire 100% of the issued and outstanding common shares in 1458205 B.C. Ltd., a subsidiary of the company. The acquisition is part of a strategy to strengthen Europe's access to essential raw materials and reduce reliance on Chinese imports. The subsidiary owns three brownfield projects in Slovakia, including Trojarova, which hosts one of the European Union's most significant known primary antimony deposits. Military has also acquired a tin and a second antimony property in Slovakia.
TinOne Drills 14 Metres of 1.03% Tin Within a Near-Surface Intercept of 29 Metres of 0.71% at Its Great Pyramid Project, Tasmania
TinOne Resources Inc. has completed a 7-hole confirmatory RC drilling program at its Great Pyramid Tin Project in Tasmania, Australia. The program demonstrated significant tin mineralization from the surface, suggesting previous drilling and modelling could have been understated. The modern RC drilling returned higher tin grades than previous open hole percussion drilling, with several high-grade intercepts. The results suggest the Great Pyramid system might yield higher tin values than previously reported.
Record Pursues Natural Hydrogen
Record Resources Inc. is acquiring a 100% interest in 27 mineral claims in the Timiskaming area of Ontario, known as the Paradis Bay claims. These claims are near recent hydrogen discoveries and border the town of Paradis Bay, Ontario. The claims were acquired from a private exploration company. Edward Procyshyn, VP Exploration, indicates that the location's geological conditions could promote hydrogen production and trap gases that contain hydrogen. The area has a long-standing history of crustal extension, which may contribute to these conditions.
South Pacific Metals Identifies Multiple Copper-Gold Mineralized Districts at May River Project
South Pacific Metals Corp. has announced the identification of two significant mineralized districts, the Skygate Cu-Au Porphyry-Epithermal District and the Ufuo Polymetallic Massive Sulfide District, following a thorough review of historical data. Notable drill highlights include 19m @11.47% Cu, 2.17g/t Au at Ufuo Massive Sulfide Prospect and 109m at 1.53 g/t Au at Skygate Cu-Au Porphyry Prospect. The company's expansive copper-gold exploration package hosts multiple styles of mineralization with more than 20 identified prospects.
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