Tag: Canada

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 […]

Pembridge Resources announces US$30M concentrate prepayment financing

Pembridge Resources announces US$30M concentrate prepayment financing

Pembridge Resources (PERE.L) is getting its ducks in a row for the Minto copper project in Canada’s Yukon territory. It has now signed a deal with ‘a leading global Japanese trading house’ which was willing to extend a US$30M concentrate prepayment facility to Pembridge as part of an offtake agreement […]

Fireweed Zinc starts a 10,000 meter drill program at MacMillan Pass

Fireweed Zinc starts a 10,000 meter drill program at MacMillan Pass

Fireweed Zinc (FWZ.V) has now outlined its plans for a C$8M work program on its MacMillan Pass zinc-lead project in Canada’s Yukon Territories. The bulk of the money will be spent on a three-rig 10,000 meter drill program to increase the total tonnage of the project. Not only will Fireweed […]

ML Gold receives drill permits for step-out holes

ML Gold receives drill permits for step-out holes

ML Gold (MLG.V) has now received the additional permits needed for a step-out drill program at its Stars project in British Columbia. The new permits will allow the company to follow up on the high-grade copper mineralization in Zone 4, whilst it will also enable ML Gold to test additional […]

Brixton continues its Langis drill program

Brixton continues its Langis drill program

Brixton Metals (BBB.V) has released an additional batch of drill results from three holes that were drilled on its Langis project in Ontario’s Cobalt Camp. The highlight of the update was the 0.98 meter interval containing 3.55% cobalt and 0.10% nickel (which Brixton correctly claims to be one of the […]

Aben announces 2018 drill program at Forrest Kerr

Aben announces 2018 drill program at Forrest Kerr

Aben Resources (ABN.V) has provided more details on its upcoming drill program at the Forrest Kerr property in BC’s Golden Triangle area. The initial focus of the 5,000 meter drill program will be on the Boundary zone (where high-grade gold mineralization was discovered in three drill holes in the 2017 […]

Saturday Read: Should mining companies use higher discount rates?

Saturday Read: Should mining companies use higher discount rates?

Whenever a company publishes a PEA, Pre-Feasibility Study or Feasibility Study, there are a few parameters we immediately focus on. Besides the used commodity prices and (overly) aggressive cost inputs, there’s one major factor which could kill a project: the Discount Rate used in the NPV calculations. About discount rates […]

Moneta Porcupine adds higher grade zones to the Golden Highway inventory

Moneta Porcupine adds higher grade zones to the Golden Highway inventory

Moneta Porcupine (ME.TO) has released the assay results of an additional 8 holes that were drilled at the South West deposit, which is a part of the Golden Highway project in Ontario. Some of the holes of the current drill program are aimed at extending the total strike length and […]

Fireweed Zinc expands MacMillan Pass land package and is gearing up for its PEA

Fireweed Zinc expands MacMillan Pass land package and is gearing up for its PEA

Fireweed Zinc (FWZ.V) has signed to agreements to acquire a total of 24,400 additional hectares at the MacMillan Pass zinc project in Canada’s Yukon Territory. This more than doubles Fireweed’s total project size to 469 square kilometers, and the new land claims appear to be prospective for additional SEDEX mineralization […]