Trillium Gold bets on high-grade projects in Ontario’s Red Lake district
A year ago Russell Starr was senior vice president of corporate finance at Auryn Resources (now Fury Gold Mines) and slated to take charge of its Peruvian assets in a…
Canada
Falco updates feasibility on low cost Horne 5 gold project
Quebec-focused developer Falco Resources (TSXV: FPC) has released the results of an updated feasibility study on a development of the Horne 5 deposit below the historic Horne mine in the…
New Gold takes 14.9% stake in Talisker Resources
Canadian gold and copper producer New Gold (TSX: NGD; NYSE-AM: NGD) is acquiring a 14.9% interest in explorer Talisker Resources (TSX: TSK; US-OTC: TSKFF). Talisker holds a land package in…
Benchmark hits 107.8 metres of 2.59 g/t gold-equivalent at Lawyers
Drilling at the southern part of the Cliff Creek area at Benchmark Metals’ (TSXV: BNCH) Lawyers project in the Golden Triangle area in B.C. has hit broad zones of gold-silver…
Musk Metals grabs Elon lithium project in Quebec
Canadian junior Musk Metals (CNSX: MUSK: US-OTC: GPMNF) is buying the Elon lithium project in Quebec, which would add the coveted battery metal to its gold-focused portfolio. “Fuelled by the recent…
Exploration boom in West Africa challenged by lack of services — report
The West African mining industry has seen significant fundraising activity since October last year, driven by higher metal prices and the need to meet a growing global demand for metals,…
Wesdome discovers new gold zone at Kiena ahead of restart decision
With a prefeasibility study (PFS) expected to be complete in the second quarter, gold miner Wesdome Gold Mines (TSX: WDO) has announced the discovery of a high-grade gold zone at…
Troilus to acquire UrbanGold in all-share deal, grow Quebec land position
Troilus Gold (TSX: TLG; US-OTC: CHXMF) plans to expand its position in Quebec’s Frotet-Evans greenstone belt by 33% through an all-share acquisition of junior UrbanGold Minerals (TSXV: UGM). The two…
Fortune Bay updates Goldfields resource in Saskatchewan
Fortune Bay (TSXV: FOR) has released an updated pit-constrained resource estimates for the Box and Athona deposits, 2 km apart, at its past-producing Goldfields project in northern Saskatchewan. The latest…
TSX Venture down, March 15-19
The S&P/TSX Venture Composite Index rose 1.38% to finish the trading week at 995.80. Spot gold declined by US$17 per oz., or 0.98%, to US$1,744.90 per ounce. Great Bear Resources jumped $1.64…
TSX mixed, March 15-19
The S&P/TSX Composite Index fell 0.53% to 18,854 during the Mar. 15-19 trading week. The S&P/TSX Global Mining Index slipped 2.68% to 103.66, and the S&P/TSX Global Base Metals Index…
New Found Gold advances Queensway project in Newfoundland
Earlier this year New Found Gold (TSXV: NFG; US-OTC: NFGFF) said it plans to double its 2021 drill program to 200,000 metres and eight rigs at its flagship Queensway project…