Delrey Metals (DLRY.C) has reported the updated assay results from its Four Corners project in Newfoundland in Labrador as the company’s consultants have now used a metaborate fusion assay method to re-sample some of the historic drill core. Applying the metaborate fusion method should result in a more complete digestion […]
Newcrest Mining (ASX:NCM) has mobilized a drill rig to the Havieron project pursuant to an earn-in agreement with Greatland Gold (LON:GGP), whereby Newcrest will be able to earn an interest of up to 70% in the project by spending at least US$65M on exploration on the property. The initial drill […]
A little while ago, Atalaya Mining (AYM.TO, LON:ATYM) reported its financial results of the first quarter of the year after it had already pre-published its production results (re-read them here). The impact of the lower copper price ($2.80 per pound on average) was mitigated by an 8.2% production increase as […]
White Rock Minerals (ASX:WRM) and partner Sandfire Resources (ASX:SFR) have started a new drill program on the Red Mountain VMS project in Alaska. Two diamond drill programs have been approved as one of them will follow up on the discovery of the Hunter zone last year, and a second drill […]
Western Copper and Gold (WRN.TO, WRN) has started a 10,000 meter drill program on the Casino copper-gold project in Canada’s Yukon Territory. The drill program will be completed by two diamond drill rigs that will punch holes with depths ranging from 150 meters to 400 meters, in an attempt to […]
Lucapa Diamond (ASX:LOM) (not to be confused with Lucara Diamond) has sold 7,008 carats of rough diamonds at an auction in Antwerp for a total of US$3.5M, including some diamonds selling for US$26,000 per carat which is substantially higher than the average sales price of US$588/carat for the total production […]
Maya Gold & Silver (MYA.TO) grabbed the headlines in April when the company announced the results of its Preliminary Economic Assessment on its Boumadine project, which shows an after-tax Internal Rate of Return of 53% and a NPV6.5% of almost US$498M. Impressive numbers for pretty much any mining project in […]
The mining and commodity market has been performing poorly in the past few weeks and months until the gold price suddenly woke up earlier this week, and a recent visit to Vancouver, which undoubtedly is the mining capital of the world, seemed to confirm the (extremely) negative vibes of the […]
Aben Resources (ABN.V) will be advancing both the Forrest Kerr gold project in British Columbia as well as the Justin Gold project in the Yukon Territory during this summer and this two-pronged approach should ensure a summer packed with exploration updates. Forrest Kerr, British Columbia At Forrest Kerr, Aben will […]
Base Resources (ASX:BSE) has announced an updated resource estimate on the Kwale North Dune zone of its Kwale mineral sands project in Kenya. Base had been looking for satellite zones that could be mined in order to extend the useful mine life of Kwale, where the company has been focusing […]
Red Rock Resources (RRR.L) has provided an updated on the estimated cash flows it will receive from the dividends payable by Jupiter Mines (ASX:JMS), an Australian company in which Red Rock has a 0.95% stake. Jupiter owns 49.9% of the Tshipi Manganese mine in South Africa, which has been printing […]
Centaurus Metals (ASX:CTM) seems to be keen on capitalizing on the high iron ore prices on the world market, as the company is currently anticipating to publish a new pre-feasibility study on its Jambreiro iron ore project in Brazil, where it will focus on a 1 million tonne per year […]
