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Newcrest Mining has big plans for Red Chris

Newcrest Mining has big plans for Red Chris

Imperial Metals (III.TO) has been able to avoid financial hardship by selling a 70% stake in the Red Chris copper-gold mine in British Columbia to Newcrest Mining (ASX:NCM) a major gold and copper producer with its main operations in Australia. From Imperial’s side, this transaction was absolutely necessary to secure […]

Callinex Mines completes IP surveys, expands land package at Bathurst

Callinex Mines completes IP surveys, expands land package at Bathurst

Callinex Mines (CNX.V) has been focusing on its zinc portfolio in New Brunswick last year, but that doesn’t mean the company is ignoring its assets in Manitoba. The company has now commenced a deep IP survey at the Pine Bay project to figure out if there’s pyrite-rich mineralization that could […]

Prize Mining plans more mapping and drilling at Manto Negro

Prize Mining plans more mapping and drilling at Manto Negro

Prize Mining (PRZ.V) has announced an exploration update for its Manto Negro copper project in Mexico’s Coahuila state. As the drill results of the first phase were a bit disappointing with lower grade and shorter intervals than originally anticipated, Prize now confirms the displacement and control of the mineralization is […]

Avrupa Minerals hits paydirt at Sesmarias in Portugal

Avrupa Minerals hits paydirt at Sesmarias in Portugal

Avrupa Minerals (AVU.V) released the assay results of its 6-hole drill program at the Sesmarias prospect on the Alvalade license in Portugal earlier this week. As this still is an early stage exploration project, we obviously weren’t expecting Avrupa to encounter mineralization in every hole, and three holes (26,27,29) intersected […]

Great Bear Resources finds more gold, but confuses the market

Great Bear Resources finds more gold, but confuses the market

Great Bear Resources (GBR.V) has released an additional batch of drill results from its Dixie gold project in Ontario’s Red Lake gold district. Although all five holes have encountered gold, the market apparently wasn’t very impressed as Great Bear’s share price was sent 15% lower. Three holes were drilled 150 […]

OceanaGold increases Martha resources to 1 million ounces

OceanaGold increases Martha resources to 1 million ounces

Using a cut-off grade of 2.15 g/t gold, OceanaGold (OGC.TO, OGC.AX) has now more than doubled the resources at its Martha underground project, part of its Waihi gold complex in New Zealand. The inferred resource almost doubled to 667,000 ounces gold at an average grade of 4.59 g/t, while the […]

New Dimension Resources closes a disappointing private placement

New Dimension Resources closes a disappointing private placement

New Dimension Resources (NDR.V) needed almost three months to close a private placement after originally announcing a no-warrant offering at C$0.055 per share in December. The appetite for the financing wasn’t there and by the end of January, NDR had to add half a warrant as a sweetener. Every full warrant […]

Piedmont has started a 25,000 meter drill program

Piedmont has started a 25,000 meter drill program

Piedmont Lithium (ASX:PLL) has initiated a 25,000 meter Phase 4 drill program at its Piedmont lithium project, which is located approximately 40 kilometers west of Charlotte, NC. The majority of the drilling (approximately 76%) will be focusing on the Core property where Piedmont currently has a total resource of 16.2 […]

Amur Minerals should build its own nickel smelter at Kun-Manie

Amur Minerals should build its own nickel smelter at Kun-Manie

Amur Minerals (AMC.L) has revisited the design and total price of its planned road construction activities to move concentrate from the Kun-Manie nickel project to the Baikal Amur Rail Line, and to haul mining supplies back to the site. In the original design, the company projected a 10.5 meter wide […]

Condor Gold increases La India resource to 2.3 million ounces

Condor Gold increases La India resource to 2.3 million ounces

Condor Gold (COG.TO, CNR.L) continues to advance its La India project in Nicaragua and the updated resource estimate which was published earlier this quarter has now boosted the total resources to 1.14 million ounces (at 3.6 g/t gold) in the indicated category and 1.18 million ounces (at 4.3  g/t) in […]