June 2020 - MiningNewsWire

MondayJun 29, 2020 11:56 am

Kingman Minerals Ltd. (TSX.V: KGS) Set to Benefit as Gold Prices Rally

Gold prices have risen by nearly 15% in 2020, reaching levels last seen in 2011, following deluge of monetary, fiscal stimulus across globe During global financial crisis of 2008, gold prices rallied by 34% while index of gold mining companies saw its value rise by over 100% Kingman Minerals has secured 72 lode claims in area spanning nearly 1,500 acres in Arizona’s Mohave County During a quiet summer morning in August 2011, gold prices hit their historical peak – sharply rising to $1,917.90/oz. Nine years ago, gold prices were on a tear; the precious metal had rallied by 32.3% in…

FridayJun 26, 2020 10:05 am

Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Announces Assays for First 6 of 25 Holes Drilled at its High-interest Nevada Project

Assay results for six of the 25 test holes Bullfrog Gold Corp. recently completed at the Bullfrog Project in southwestern Nevada have been announced, showing enhanced potential for expanding resources. The initial six hole results helped define the limits of expanding two existing open pit mines within the 5,250-acre site and achieved assays of 0.55 g/t gold and 1.95 g/t silver from 0 to 75 feet in one of the holes drilled in the bottom of a pit. Bullfrog Gold undertook the drilling program to fulfill a final work commitment that will allow the company to buy a 100 percent…

WednesdayJun 24, 2020 11:26 am

Kingman Minerals Ltd. (TSX.V: KGS) Ideally Positioned as Investors Seek ‘Safe-Haven’ Assets

Gold prices have gained 15% so far this year, surpassing $1,700 per ounce threshold. Yahoo Finance article concludes that gold will continue to be preferred investment option. KGS is dedicated to acquisition, exploration and development of gold, silver properties in North America As the economy struggles to regain stability in the fragile environment created by a global pandemic, gold has emerged as a highly preferred investment option. The precious metal has long been recognized for being one of the most consistently performing investments over time, a fact that puts Kingman Minerals (TSX.V: KGS) in an attractive position for those looking…

TuesdayJun 23, 2020 11:16 am

Energy Fuels Inc.’s (NYSE American: UUUU) (TSX: EFR) Plans to Redeem Half of Outstanding Debt Early

UUUU will pay off half of its debt in July, plans to be debt free by the end of 2020 Expects to save about $350,000 in avoided interest Energy Fuels has focused on strategy to eliminate debt over the past several years with minimal impact to shareholders Energy Fuels (NYSE American: UUUU) (TSX: EFR), the largest uranium mining company in the United States, plans to take a significant step forward in its strategy to reduce debt and further strengthen its balance sheet by redeeming half of its outstanding debt earlier than planned (http://nnw.fm/eAj5w). The company notified holders of the outstanding…

FridayJun 19, 2020 1:29 pm

Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Details Strategic Growth as Gold Price Increases

In January 2020, Bullfrog completed a private placement of shares that raised C$2 million to fund drilling of its flagship project with 43-101 compliant gold resource of 525,000 ounces and 110,000 ounces of inferred resources within pit plans Company’s project is 125 northwest of Las Vegas and in the area where Barrick Bullfrog gold Inc. produced over 2.3 million ounces of gold between 1989 and 1999 Bullfrog’s land position is now covers 5,250 acres in the prolific Bullfrog Gold District Average gold price is expected to reach by year end an all-time high of $1,970 per troy ounce Bullfrog Gold…

TuesdayJun 16, 2020 12:32 pm

Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) Completes New Drill Program Amid Buildup of Historically Productive Nevada Gold Project

Gold exploration in and around the historically productive Bullfrog mining area in southwestern Nevada is reawakening the potential for it to become a “new, major gold production center” Substantial exploration and development activities with reported successes have been achieved by neighboring AngloGold, Coeur Mining, Kinross Gold and Corvus Gold in the Bullfrog Gold District located 125 miles northwest of Las Vegas, Nevada Bullfrog Gold Corp. recently completed a 25-holedrill program at its Bullfrog Project and expects to publish assay results after they become available in mid-June Barrick Bullfrog Inc, subsidiary of Barrick Gold Corp. produced 2.3 million ounces of gold…

MondayJun 15, 2020 1:38 pm

Kingman Minerals Ltd. (TSX.V: KGS) Proceeding with Technical Report in Preparation for Gold Drilling Campaign

KGS preparing new drilling campaign at Mohave County that includes historic Rosebud Mine Historical report based on underground mapping, drilling, sampling reveals hidden potential in Rosebud Mine KGS commissioned Burgex Inc. for new NI 43-101 technical report in preparation for drilling With gold currently topping the list of “safe-haven” investment assets, Kingman Minerals (TSX.V: KGS), a Canadian-based mining company engaged in the acquisition, exploration and development of gold and silver properties in North America, is positioned to profit through a new drill campaign in Mohave County, Arizona. Located in the Music Mountains region, the Mohave Project is comprised of 20…

FridayJun 12, 2020 1:38 pm

Energy Fuels’ (NYSE American: UUUU) (TSX: EFR) Little-Known Recycling Program Supports Clean Energy

Energy Fuels is the largest uranium miner in the U.S., owns the White Mesa Mill, the only uranium mill operating in the country today The White Mesa Mill is the only facility in the U.S. capable of recycling alternate feed materials and recovering uranium that would otherwise be lost to disposal Since 1998 the White Mesa Mill has recycled enough uranium to replace the energy contained in a 4,700-mile coal train stretching from LA to NY — and over 90% of the way back again Energy Fuels (NYSE American: UUUU) (TSX: EFR) is arguably one of the most environmentally responsible…

WednesdayJun 10, 2020 11:39 am

Kingman Minerals Ltd. (TSX.V: KGS) to Acquire Increased Interest in Lode Claims, Expanding its Gold and Silver Assets

Kingman Minerals announced its entrance into option agreement for area spanning 1,071.2 acres in Arizona’s Mohave County Recent agreement will increase company’s total exploitable mining assets in Mohave County to 72 lode claims across nearly 1,500 acres Company well positioned to capitalize on ongoing surge within precious metals space, with gold prices at their highest level since 2011 Kingman Minerals commissioned mining consultant to carry out underground sampling program within its mine ahead of company’s NI43-101 report publication Kingman Minerals (TSX.V: KGS), a Canadian-based mining company engaged in the acquisition, exploration and development of gold and silver properties in North…

WednesdayJun 10, 2020 10:52 am

Bullfrog Gold Corp. (CSE: BFG) (OTCQB: BFGC) (FSE: 11B) is “One to Watch”

The Bullfrog Gold Project is located in Nevada, the world’s most attractive mining jurisdiction, according to the Fraser Institute (http://nnw.fm/M33ak). M&I gold resources were independently estimated at 624,000 ounces, with a further 110,000 ounces of inferred resources Barrick Gold produced approximately one million ounces of gold from the lands now controlled by Bullfrog Gold, terminating operations in 1999 when gold prices fell below $290/oz. On May 29, 2020, the company was valued at $39 in terms of market cap /oz of M&I gold resources, a steep discount relative to the $130+/oz on for which Northern Empire was sold in 2018…

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Month: June 2020