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BonTerra attracts Kinross Gold as strategic investor

BonTerra attracts Kinross Gold as strategic investor

BonTerra Resources (BTR.V) has announced it will raise C$5.2M in a private placement by issuing 14.86 million shares at C$0.35 per share. The only buyer of the stock is Kinross Gold (KGC, K.TO), which will subsequently own almost 10% of BonTerra’s share capital. This is a very interesting step forward, […]

Ceylon Graphite has started drilling

Ceylon Graphite has started drilling

Ceylon Graphite (CYL.V) announced today it has started a drill program at its K1 site, one of the many past-producing graphite mines on the 116 grids that form the company’s graphite project in Sri Lanka. Ceylon wants to be in production as fast as possible, so its technical team has […]

Kenadyr Mining contracts Quest Exploration Drilling for a Borubai drill program

Kenadyr Mining contracts Quest Exploration Drilling for a Borubai drill program

Kenadyr Mining (KEN.V) has finalized a contract with Quest Exploration Drilling for a high-impact core and reverse circulation drill program on its Borubai gold licenses in the Kyrgyz Republic. Kenadyr thinks drilling will start within the next 90 days, focusing on drill-testing the previously drilled holes in the Soviet era. […]

Volcanic Gold Mines options second Guinean gold property

Volcanic Gold Mines options second Guinean gold property

Volcanic Gold Mines  (VG.V) came out of a trading halt yesterday after announcing a binding letter agreement to acquire an 80% ownership of WAMA from a BVI-domiciled company which owns a gold project in Guinea. Volcanic will issue 12 million shares and spend at least C$11.5M on the gold property within […]

Paringa Resources will be boosted by Trump’s new energy policy

Paringa Resources will be boosted by Trump’s new energy policy

Paringa Resources (ASX:PNL) has expanded its bankable feasibility study to include the second coal seam at the Poplar Grove Mine. Adding this seam resulted in an increased production rate of 2.8 million tonnes per year, whilst the initial capex would increase by less than 12% to US$45M. The Poplar Grove […]

Integra Gold has started a substantial underground drill program

Integra Gold has started a substantial underground drill program

Integra Gold (ICG.V) has mobilized its first drill rig at the Triangle deposit and started its first underground drill program. This drill program will be drill-testing the C2 structure in 10 meter spacings to be prepared for the bulk sample in the second half of this year. The underground drill […]

Osprey Gold announces 288,000 ounces of gold at Goldenville

Osprey Gold announces 288,000 ounces of gold at Goldenville

Osprey Gold (OS.V), a new company on the TSX Venture Exchange has released an updated resource estimate on its Goldenville project in Nova Scotia, Canada. Whereas a historic estimate contained gold in both the indicated and inferred resource categories, Osprey Gold now released an all-inferred resource estimate. The total resources […]