Osisko drills for Windfall’s ‘roots’
Discoveries earlier this year at the Windfall gold project in Quebec drove Osisko Mining (TSX: OSK) in July to boost its drill program by 200,000 metres, bringing the total for…
Canada
Crystal Lake adds Rob McEwen as strategic investor
Crystal Lake Mining (TSXV: CLM; US-OTC: SIOCF) has completed the first tranche of a $1.5-million private placement, raising $1.4 million through issuing 4.8 million units at 30¢ apiece. Rob McEwen, chairman and chief…
Teranga’s Wahgnion mine processes ore ahead of schedule
Teranga Gold’s (TSX: TGZ; US-OTC: TGCDF) Wahgnion open-pit gold mine in Burkina Faso started processing ore in August, two months ahead of schedule, and is expected to produce 30,000 to…
Margaux releases maiden resource for Taurus deposit in BC
Margaux Resources (TSXV: MRL; US:OTC: MARFF) released a maiden resource estimate for the Taurus deposit on its Cassiar gold project in British Columbia. Taurus contains inferred resources of 21.8 million…
Ontario to work with First Nations to unlock Ring of Fire
Ontario is one step closer to making the Ring of Fire a reality. Rick Gregford, Minister of Energy, Northern Development and Mines, and Minister of Indigenous Affairs, announced in August…
Treasury’s Goliath project gets environmental approval
The Canadian Environmental Assessment Agency has given Treasury Metals (TSX: TML; US-OTC: TSRMF) the green light to develop its wholly owned Goliath gold project, 20 km east of Dryden in…
McEwen Mining bulks up Black Fox complex
Two years ago, McEwen Mining (TSX: MUX; NYSE: MUX) purchased the Black Fox mine complex in northeastern Ontario for US$35 million. The complex — 70 km from Timmins and 9…
Metals Commentary: Economic uncertainty drives gold prices higher
The gold industry feels optimistic for the first time in years, as the price of the precious metal steadily rises amid fears of a global economic downturn. Gold miners, in…
Ontario Snapshot: Eight companies with Ontario mines and exploration projects
Ontario is the largest mineral-producing province by value in Canada. Last year the province produced $10.1 billion in minerals, or 21.4% of Canada’s $47-billion worth of mineral production. It also…
Probe Metals hikes resource estimate at Val-d’Or East
Probe Metals (TSXV: PRB; US-OTC: PROBF) has released an updated resource estimate for its Val-d’Or East project in Quebec. The project consists of three of its wholly owned properties — Pascalis,…
Rubicon optimistic on Phoenix study
A positive preliminary economic assessment (PEA) suggests Rubicon Minerals’ (TSX: RMX; US-OTC: RBYCF) once-troubled Phoenix gold project in northwestern Ontario could rise again. Trial mining of Phoenix’s F2 gold deposit…
SilverCrest pushes ahead with Las Chispas
Three years into exploring the Las Chispas district in Sonora, Mexico, SilverCrest Metals’ (TSXV: SIL; NYSE-AM: SILV) Las Chispas project is picking up speed. The company secured financing shortly after…