First Mining Gold (TSX: FF) has updated the resource estimate at its Goldlund gold project in northwestern Ontario. The company added 248,700 oz. gold to its indicated resource but lost 628,400 oz. gold from its inferred resource. The project now contains 12.8 million indicated tonnes grading 1.96 grams gold for 809,200 oz. gold. It previously […]
Mining News and Commentary
Rubicon Minerals Boosts Measured and Indicated Resources at Phoenix by 110%
Rubicon Minerals (TSX: RMX) has increased measured and indicated resources by 110% to 589,000 oz. gold compared with the earlier estimate of 281,000 oz. gold. Rubicon Minerals company has started a preliminary economic assessment which it expects to complete by year-end.
Global Exploration Snapshot: The Americas, West Africa and Australasia remain popular
A look at eight majors and juniors exploring for gold worldwide including Gran Colombia Gold (TSX: GCM; US-OTC: TPRFF), Nexus Gold (TSXV: NXS; US-OTC: NXXGF), OceanaGold (TSX: OGC; US-OTC: OCANF), Yamana Gold (TSX: YRI; NYSE: AUY), and Barrick Gold (TSX: ABX; NYSE: GOLD).
Granada gets high-grade gold by employing disruptive technology
Granada Gold Mine (TSXV: GGM) reported that it attained higher grades after running a preliminary gravity separation study on lower-grade, gold-bearing rock from its Granada Gold project in Rouyn-Noranda, Quebec. In a media statement, Granada said that the higher grades attained during the tests may have implications for the grade of future mill feed, the […]
Euro Sun Mining’s stock jumps after financing announcement for Rovina gold project in Romania
Toronto-based junior Euro Sun Mining’s (TSX: ESM) stock jumped over 20% on Tuesday after the company announced a non-brokered private placement financing of up to 10m units for gross proceeds of up to C$3 million. Each warrant will entitle the holder to acquire one additional common share of the company at an exercise price of […]
Canada Cobalt drills bonanza grades at Castle mine property
The Castle mine was one of the highest grade silver-cobalt producers in the historic Cobalt camp in Northern Ontario. (Image: Canada Cobalt Works) Canada Cobalt Works (CVE: CCW) says it has intersected multiple high grade cobalt and silver intercepts during phase one drilling on the first level of the Castle mine. The mine is located […]
Avino hits 29.5 g/t in 27 vein extension at Bralorne mine
Avino Silver and Gold Mines of Vancouver is very pleased with the initial assay results from the drilling of the 27 vein extension target at the Bralorne mine near Gold Bridge. The company says the results confirmed the continuity of the vein up-dip from the area of historic production. The highest assay was 29.56 g/t […]
Trade truce lights fire under mining stocks
Source: Bloomberg Relief that an escalation in the trade war between the US and China has been avoided – at least for now – sparked a huge rally in mining stocks on Monday. Gold closed at a one-month high just shy of $1,240 an ounce, iron ore continued to climb from recent lows above $66 […]
Kootenay Silver buys high-grade silver project in Mexico
Kootenay Silver (TSXV: KTN) announced that its wholly-owned Mexican subsidiary entered into an option agreement to acquire a 100% interest in the Columba silver project, which hosts a past-producing mine and is located in the northwestern state of Chihuahua, Mexico. Under the terms of the agreement, Kootenay Silver can acquire a 100% ownership in the […]
Ray Dalio’s faith in gold unshaken even amid investor selloff
Dalio’s Bridgewater Associates maintained its holdings in SPDR Gold Shares, the largest bullion-backed ETF, at 3.9 million shares, and its stake in iShares Gold Trust, the second-largest, at 11.3 million shares in the third quarter, according to a regulatory filing Tuesday.