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Share this articleVANCOUVER - O3 Mining Inc. [O111-TSXV] said Tuesday it has completed a NI 43-101 compliant pre-feasibility study (PFS) for its 100%-owned Marban Engineering gold project, which is located in the Val d'Or, Que., region.Marban is situated on the Malartic property, which is located about 12 kilometres from the Canadian Malarctic Mine and along the same structure as Wesdome Gold Mi...Read More
Share this article VANCOUVER - Contact Gold Corp. [C-TSXV] reported results from the final 16 drill holes completed at the Green Springs property on the southern end of Nevada's Cortez Trend, 20 km southeast of the Pan Mine operated by Calibre Mining Corp. [CXB-TSX], and 7 km immediately east of Calibre's Gold Rock Project.These final drill holes from the Spring 2022 exploration program are from...Read More
This week's episode features Northern Miner podcast host Adrian Pocobelli on mining stories from around the world, including new smelter shutdowns in Europe, warnings from Taiwan, Chinese gold buying, opportunities for Canada, joint ventures between mining companies and automakers, and a surprising amount of tragedies at mines. All this and more with host Adrian Pocobelli.Music Credits:"Rattl...Read More
A newly released assessment of global tailings management facilities (TMFs) data paints a jarring picture showing that relative to global mine production, there has been no improvement in the rate of significant failures, according to watchdog World Mine Tailings Failures (WMTF).According to data released for the first time on Tuesday, the rate was constant at 0.09 failures per billion tonnes of p...Read More
An investigation is underway at the Gahcho Ku?(C) Mine site in the Northwest Territories following the death of a worker in an accident there on Thursday.Inspectors from the territorial Workers' Safety and Compensation Commission (WSCC) are at the diamond mine and have started their investigation, WSCC communications officer Shannon Moore told The Northern Miner in an email.It was not known when o...Read More
Chile's national mining association SONAMI has welcomed the weekend rejection of the proposed new constitution for the world's number-one copper producer, sending lawmakers back to the drawing board to create a more inclusive document prioritizing the country's unity.Chileans overwhelmingly rejected the proposed new constitution during a referendum on Sept. 3, handing left-leaning President Gabrie...Read More
NioCorp Developments' (TSX: NB; US-OTC: NIOBF) demonstration-scale processing plant in Quebec has started processing ore samples from the company's Elk Creek critical minerals project in Nebraska. The plant is intended to demonstrate that the company can extract and separate rare earth elements from ore mined at the project, and that its simplified process for producing niobium, scandium and titan...Read More
Centerra Gold (TSX: CG; NYSE: CGAU) said on Tuesday it had named director Paul Wright as interim president and chief executive to replace Scott Perry, without providing reasons for the sudden change at the top.The company said Perry, who led Centerra for seven years, had also resigned as a director of the company and will not be nominated for election at its upcoming annual meeting by the end of S...Read More
O3 Mining (TSXV: OIII; US-OTC: OIIIF) has completed a prefeasibility study for its 100% owned Marban gold project, demonstrating its potential to become the next gold producer in the mining region of Val-d'Or, Que.The study showed robust project economics including a post-tax net present value (at 5% discount rate) of $463 million and post-tax unlevered internal rate of return of 23.2%. The report...Read More
McEwen Copper, a subsidiary of McEwen Mining (TSX: MUX; NYSE: MUX), has inked a deal with Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) that gives the global miner an option to become a majority joint venture partner in the Elder Creek project, in Nevada.To exercise the option, Rio's subsidiary Kennecott Exploration would have to invest US$18 million over a maximum of seven years. After that the two...Read More
Rio Tinto (NYSE: RIO; LSE: RIO; ASX: RIO) has inked a definitive arrangement with Turquoise Hill Resources (TSX: TQR) to buy the 49% of the Canadian miner it doesn't already own for US$3.3 billion.The global miner noted Turquoise Hill's board had unanimously recommended the $43 per share cash offer and said it would not increase its bid despite pressure from minority shareholders.Rio said that sen...Read More
Like an angry, 800-pound groundhog, the oil bear just reared its head and predicted six more weeks of misery in the oil market. That image above is actually taken from a video of a mother grizzly bear chasing a terrified oil field worker onto his truck. He scrambles out of her reach with seconds to spare. While he was staring at that giant mass of teeth and claws hurtling toward him, I wonder if...Read More
Welcome to our weekly feature, TNM Drill Down, focusing on the top gold assays of the past week. Assays are ranked by gold grade x width, as identified by our sister company Mining Intelligence.This week's best drill intercept comes from Hummingbird Resources' (AIM: HUM) Kouroussa project in Guinea. The company reported the final assay results from the 2021 infill drilling program, which included...Read More
The Frias underground mine on Outcrop Silver and Gold's (TSXV: OCG; US-OTC: OCGSF) Santa Ana land package in Colombia produced 7.8 million ounces of silver at an average recovered grade of 1,300 grams silver per tonne over 25 years ending in 1905, and CEO Joe Hebert believes it is an analogue for just one of the 13 high angle ore shoots the junior has defined on its 360 sq. km property. The compa...Read More