Wesdome Gold plans low-cost mine at Kiena
Wesdome Gold Mines (TSX: WDO) has released a preliminary economic assessment (PEA) for its wholly owned Kiena mine complex, 15 km northwest of Val-d’Or and 100 km east of Rouyn-Noranda…
Canada
O3 Mining to raise $35M for Quebec exploration
O3 Mining (TSXV: OIII) has entered an agreement with a syndicate of underwriters to raise $35 million (upsized from $30 million) for exploration at its projects in Quebec and for…
Marathon Gold a ‘takeover target’ says National Bank Financial
Marathon Gold (TSX: MOZ; US-OTC: MGDPF) has completed a bought deal financing raising $34.5 million that will be spent on permitting, development and exploration at its wholly owned Valentine gold…
Rio Tinto extracts high-purity scandium in Quebec
Rio Tinto (NYSE: RIO; LSE: RIO) has developed a way to extract high-purity scandium oxide from waste at its titanium dioxide production facilities in Quebec. The company has been using…
Maple Gold Mines extends gold mineralization at Douay
Drilling within the Porphyry zone at Maple Gold Mines’ (TSXV: MGM; US-OTC: MGMLF) 355-sq.-km Douay project in northern Quebec has intersected mineralization outside of the existing resource model. The company…
Focus Graphite sells Kwyjibo stake for $7.2M
Focus Graphite (TSXV: FMS; US-OTC: FCSMF) has sold its 50% stake in the Kwyjibo rare earth element deposit to Investissement Québec, a financing corporation that exists to facilitate investment in…
Dominion Diamond unveils plan to avoid bankruptcy
Canada’s Dominion Diamond Mines has unveiled a transaction that would allow it to exit court protection from creditors and access short-term operating funds, which would pave the way to eventually…
Moneta Porcupine drills more high grade at Golden Highway
One of the oldest companies listed on the Toronto Stock Exchange, Moneta Porcupine Mines (TSX: ME; US-OTC: MPUCF), believes it has found a new zone of gold mineralization at its…
QMX drills Bonnefond gold project in Quebec
Infill drilling at QMX Gold’s (TSXV: QMX) Bonnefond deposit, near Val d’Or, Que., continues to hit strong intercepts as the company prepares a resource update to be released this summer….
Rockcliff hits near-surface copper and zinc at Freebeth in Manitoba
Phase one drilling at Rockcliff Metals’ (CSE: RCLF) Freebeth property in central Manitoba has returned high-grade copper and zinc mineralization including 5.28% copper equivalent over 2 metres and 4% copper-equivalent…
Kirkland Lake Gold invests in Melkior Resources
Kirkland Lake Gold (TSX: KL; NYSE: KL) has struck a strategic partnership with Melkior Resources (TSXV: MKR), which is advancing its flagship Carscallen gold project in the Timmins gold camp…
Canada Nickel discovers PGM zones at Crawford
Canada Nickel Company (TSXV: CNC) has discovered two new palladium-platinum zones and extended nickel mineralization at its wholly owned Crawford nickel-cobalt project located in the Timmins-Cochrane mining camp, 40 km…