Tag: #Au

Bonterra and Metanor enter into a loan agreement

Bonterra and Metanor enter into a loan agreement

The merger between Bonterra Resources (BTR.V) and Metanor Resources (MTO.V) remains on track, and the companies have now entered into a C$4M loan agreement. Bonterra will advance C$4M (at a 10% interest rate) to Metanor, which will use the cash for general working capital purposes whilst both companies are working […]

Core Gold starts drilling Linderos

Core Gold starts drilling Linderos

Core Gold (CGLD.V) is in the final stages of a 1,700 meter drill program on the exciting Linderos gold project in Ecuador. Keith Piggott, the company’s CEO was very keen on getting a drill rig going at Linderos, as he calls it one of the most prospective undrilled gold targets […]

Northern Empire agrees to be acquired by Coeur Mining

Northern Empire agrees to be acquired by Coeur Mining

Northern Empire Resources (NM.V) has entered into an agreement with Coeur Mining (CDE), whereby the latter will acquire all of NM’s shares it doesn’t already own. Coeur is offering an all-share deal which values the Northern Empire shares at C$1.64 based on yesterday’s closing prices of both companies. The premium […]

Fremont Gold drills high-grade gold oxide at Gold Canyon

Fremont Gold drills high-grade gold oxide at Gold Canyon

After experiencing a subdued reaction from the market on its drill results containing 26 meters at 4.66 g/t gold at the Gold Bar project in Nevada, today’s update from Fremont Gold (FRE.V) might get the market more enthusiast. At the Gold Canyon project – which borders McEwen Mining (MUX.TO, MUX) […]

Inca One: a game-changing acquisition of a second mill

Inca One: a game-changing acquisition of a second mill

Inca One Gold (IO.V) has announced it is purchasing the Koricancha toll mill in Peru (ex-Anthem United) from Equinox Gold (EQX.V),  as the latter will be solely focusing on its mining projects in Brazil and California. The Koricancha mill has been operating at a throughput of 150 tonnes per day, […]

Aben Resources: drills are turning!

Aben Resources: drills are turning!

The exploration season in the Golden Triangle area of British Columbia has now finally started and Aben Resources (ABN.V) has started drilling the Boundary North discovery at its Forrest Kerr gold project. The drill rig is currently working on a 5,000 meter 18 hole drill program, and will focus on […]

Comstock Metals closed its C$600,000 placement

Comstock Metals closed its C$600,000 placement

Comstock Metals (CSL.V) has successfully closed its previously announced private placement, raising just over C$600,000 in hard dollars by issuing units at C$0.05. Each unit consists of one common share as well as a full warrant, with each warrant entitling the warrant holder to acquire an additional share in the […]

Fremont drills 26 meters containing 4.66 g/t gold at Gold Bar

Fremont drills 26 meters containing 4.66 g/t gold at Gold Bar

Fremont Gold (FRE.V) has released the assay results from the first two holes of its Nevada drill program. Both holes were drilled on the Gold Bar project (which is part of Fremont’s land package close to McEwen Mining’s Gold Bar mine). One hole was drilled on the eastern side of […]

Camino Minerals extends the Adriana zone (again) and connects  it to Katty

Camino Minerals extends the Adriana zone (again) and connects it to Katty

Camino Minerals (COR.V) has now confirmed the copper mineralization on the Adriana zone of the Los Chapitos project is now in excess of a kilometer long, as the assay results of four new drill holes confirm the existence of more copper mineralization. All four holes did intercept the Diva structure […]

IAMgold starts drilling at Stratex’ Dalafin gold project

IAMgold starts drilling at Stratex’ Dalafin gold project

IAMgold (IMG.TO, IAG) has now completed its preliminary studies (which included a review of the historical core and chip samples and a mapping program) at the Dalafin gold project in Senegal, and is now in the final stages of mobilizing a drill rig to test the Madina Bafé gold prospect […]