Goliath Resources (TSXV: GOT; OTC: GOTRF) has closed the second and final tranche of its recently upsized private placement of flow-through units. A total of $778,400 was raised in this tranche, bringing the total financing proceeds to just under $14.61 million. The placement was originally arranged for $11 million.As previously announced, the financing involved the participation of strategic and...Read More
Osisko Mining (OSK: TSX) has announced new drill results from the high-grade Lynx zone at its 100%-owned Windfall gold project in the Eeyou Istchee James Bay region of Quebec. Highlights of expansion drilling results from outside the current Lynx resource included 5.4 metres grading 187 grams gold per tonne starting from 1,004.6 metres in drillhole OSK-W-21-2601-W1; 5.6 metres grading 23.9 grams...Read More
I live high on a cliff, within sight of two extremes of evolution, both rare. One is a set of dinosaur footprints on the foreshore of the Bristol Channel, and the other is a nuclear power station under construction across the water in Somerset. The footprints are properly old, being left in Triassic mudstones by one of the first Sauropods perhaps 210 million years ago (I find it helpful to visu...Read More
In a recent research paper, a team at the University of Exeter presents new insights into how to discover porphyry-type copper deposits.In the study, the group proposes that certain textures preserved in rock may be indicative of the types of physical processes that form these deposits and may give an early indication of their location. According to the scientists, previous understanding of such...Read More
Picture this: A new restaurant recently opened in your neighborhood.The new restaurant publishes an advertisement in a local newspaper promising fresh turtle soup.The ad says the owner has just received a fresh supply of green sea turtles.And he will be killing one of these sea turtles every day to make into a soup - which he will have ready for you to purchase by 11:00 a.m.Of course this would be...Read More
As widely expected, the Fed raised its target rate today, its first rate hike since December 2018. As you may recall, that hike crashed the stock market in what became known as the Christmas Eve Massacre.Today's hike was only 25 basis points, not the 50-point hike some were predicting prior to the Russian invasion of Ukraine. In a sense, Putin took the pressure off Jay Powell to make a bolder move...Read More
Share this article VANCOUVER - Power Nickel Inc. [PNPN-TSXV, CMETF-OTCQB] shares rallied Tuesday after the company released drilling results from its Nisk nickel sulphate project near James Bay, Quebec"The results showcase Nisk's potential to have a commercial high-grade nickel sulphate deposit,'' said Power Nickel CEO Terry Lynch. "Our objectives in this initial drill program conducted by Powe...Read More
Olympus covers an area of 1.25km by 750m to date and there are more than 50 historical and current artisanal mines identified within the Olympus target.Read More
Results from 71 holes from the 2021 resource expansion and infill drilling program revealed significant, new gold mineralisation along strike and at depth in multiple zones of the former Monique openRead More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Ero Copper touts green focus and shareholder returnsSPONSOREDero copperThe first two years of production could yield 244,000oz at AISC of $545/oz.A post-tax net present valu...Read More
Hycroft intends to use the proceeds for the repayment, refinancing, redemption or repurchase of existing indebtedness, and advancing its Hycroft gold and silver deposit in Nevada, USA towards aRead More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Ero Copper touts green focus and shareholder returnsSPONSOREDero copperAISC costs increased 14% to US$1,042 an ounce in the fourth quarter of last year from US$912 an ounce...Read More
A planned 3,500-meter spring surface exploration drill program has started, with a focus on targeting the interface between the planned open pit and the down plunge zone at Umwelt, the firm said in aRead More
Via the website https://www.opencodelco.cl/ the company details patents it holds related to underground mining, crushing and preconcentration, electrowinning, pyrometallurgy and flotation.Read More
Mining Journal and MiningNews.Net Copper Outlook ReportSPONSOREDMarvel Gold stepping up exploration after resource upgradeSPONSOREDmarvel goldAnglesey Mining sharpens focus on the Parys Mountain projectSPONSOREDanglesey mining Ero Copper touts green focus and shareholder returnsSPONSOREDero copperBoth miners have acquired minority stakes in SolGold which controls the enormous Cascabel copper-gold...Read More
(IDEX Online) - US sanctions on importing rough diamonds from Russia do not apply to stones mined there but cut and polished elsewhere, according to the Jewelers Vigilance Committee (JVC).The ban, announced last Friday, covers "unworked or simply sawn, cleaved or bruted" diamonds, or what generally referred to as "rough diamonds", but does not extend to gems polished in other countries.The Office...Read More
(IDEX Online) - De Beers issued a brief statement following the imposition of US sanctions on Alrosa, its biggest rival, assuring retailers they could buy from them "with confidence".The UK-based miner gave assurances that all its diamonds were from Botswana, Canada, Namibia or South Africa.An executive order announced by US president Joe Biden last Friday prohibits the importation of rough...Read More
Measured and indicated contained copper at Carmacks was increased by 43% from its last previous resource estimate issued in 2018.Read More
Probe Metals (TSXV: PRB; US-OTC: PROBF) has released additional results from last year's drill program at the Monique property, part of the company's district-scale Val d'Or East project in Quebec.These included 71 holes from the 2021 resource expansion and infill drill program, which revealed new gold mineralization along strike and at depth to the east, southeast and south of the former Monique...Read More
The London Metal Exchange (LME) will resume trading nickel contracts at 08:00 London Time on March 16, the exchange announced, and it will set daily price limits in either direction for all base metals. The LME was forced to cancel nickel trading on March 8 following an abnormal 250% price spike triggered by Western sanctions against Russia that pushed the price of the metal above a record US$1...Read More