Mining & Resources

GGX Gold Begins Drilling C.O.D. North Vein at Gold Drop

GGX Gold Begins Drilling C.O.D. North Vein at Gold Drop

GGX GOLD CORP STARTS DRILLING AT C.O.D. NORTH VEIN GGX Gold Corp. has completed 32 diamond drill holes on the C.O.D. vein and has moved the drill rig to start drilling the C.O.D. North vein at the Gold Drop property in the Greenwood mining camp. The company's drill rig has now completed the first stage of infill drilling on the C.O.D. vein. The...

Nexus Gold To Acquire Black Ridge, Bauline From Stares

Nexus Gold To Acquire Black Ridge, Bauline From Stares

Mr. Alex Klenman reports NEXUS GOLD EXPANDS NEWFOUNDLAND HOLDINGS Nexus Gold Corp. has reached a further agreement with Robert Stares, an arm's-length party, to acquire two additional exploration-stage gold projects, the Black Ridge gold project and the Bauline epithermal gold project, in Newfoundland, Canada. Historical sample grades up to 15.8 grams per tonne gold, 12.1 per cent copper and 143 g/t silver; Acquisitions bring total Newfoundland project ground...

Ximen Arranges $8M Facility With Alumina Partners

Ximen Arranges $8M Facility With Alumina Partners

Ximen Mining Corp. has entered into an agreement for a drawdown equity financing facility with Alumina Partners (Ontario) Ltd., an affiliate of New York-based private equity firm Alumina Partners LLC. The investment agreement will provide the company with up to $8-million over a 24-month period to finance its exploration and continuing acquisition of gold assets in British Columbia. Christopher...

Globe Says Kinross, Rivals See Gold Prices Surge

Globe Says Kinross, Rivals See Gold Prices Surge

The Globe and Mail reports in its Friday, June 21, edition that gold prices surged to a near six-year high on Thursday after the United States Federal Reserve signalled it is ready to cut interest rates as early as next month to boost growth. A Reuters dispatch to The Globe reports that spot gold jumped 2.2 per cent by midafternoon after...

Gold Summary For June 21, 2019

Gold Summary For June 21, 2019

New York spot gold jumped $11.10 to $1,399.00 on Friday. The TSX Venture Exchange fell 0.69 point to 592.57 while the TSX Gold Index added 1.53 points to 218.01. Most Canadian gold miners moved higher again today, but Torex Gold Resources Inc. (TXG) went the other way, dropping 73 cents to $13.48 on 2.02 million shares. Blair Schultz and Ron Clayton's Havilah Mining Corp. (HMC), up 3.5 cents to...

Defense Metal’s Wicheeda Property Testing shows 80% Ce-La-Nd Recovery

Defense Metal’s Wicheeda Property Testing shows 80% Ce-La-Nd Recovery

Defense Metals Corp. has received successful metallurgical test results for the Wicheeda rare earth element property from SGS Canada Inc. Results from the initial 21 of a planned 25 batch flotation tests completed to date during 2019 showed progressive improvement from early- to late-stage testing, culminating in test F21 that achieved: 80-per-cent recovery of cerium, lanthanum and neodymium...

Diamond & Specialty Minerals Summary for June 17, 2019

Diamond & Specialty Minerals Summary for June 17, 2019

The diamond and specialty minerals stocks box score on Monday was a weak 59-84-157 as the TSX Venture Exchange fell three points to 584. Rough diamond prices dropped 0.14 per cent over the past week, says Paul Zimnisky's weekly global rough diamond price index. The index is off 7.2 per cent this year and 14.4 per cent...

Gold Summary for June 24, 2019

Gold Summary for June 24, 2019

New York spot gold fell $0.80 to $1,341.10 on Friday. The TSX Venture Exchange fell 1.40 points to 587.84 while the TSX Gold Index rose 1.26 points to 204.71. Most Canadian gold miners moved higher with bullion today. Alamos Gold Inc. (AGI) led the way, adding 17 cents to $7.28 on 2.16 million shares. The market was not all...

Defense Metals Closes $1.09-Million In Financing

Defense Metals Closes $1.09-Million In Financing

Further to its news release on May 29, 2019, Defense Metals Corp. has closed an oversubscribed non-brokered private placement of 3,763,333 units for gross proceeds of $564,500. As previously disclosed, each unit was priced at 15 cents and comprises one common share and one common share purchase warrant. Each warrant is exercisable to purchase one common share of the...

Defense Metals Unlocks Value In Wicheeda Rare Earth Deposit

Defense Metals Unlocks Value In Wicheeda Rare Earth Deposit

Defense Metals (TSX-DEFN) continues to advance its Wicheeda rare earth deposit north of Prince George, on Thursday releasing the first assay results of a bulk sample program. Taking a 30-tonne bulk sample from the property, located 80 kilometers northwest of Prince George, was the first step of a multi-step plan by Defense Metals to develop the advanced exploration project...

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