News Archives - Page 12 of 77

MondayFeb 03, 2025 11:55 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Increased Gold Resources at Grey Fox Deposit

McEwen Mining (NYSE: MUX) (TSX: MUX) announced a significant increase in estimated gold resources at the Grey Fox deposit within its Fox Complex as of Dec. 31, 2024, compared to its 2021 estimate. The discovery cost averaged $14.46 per ounce, with new exploration drilling and higher gold prices contributing to the resource expansion. The updated resource estimate reflects a lower cut-off grade due to gold price adjustments from $1,750 to $2,000 per ounce. Chairman Rob McEwen stated that the expanded resources will support increased annual production and extended mine life. A full resource update is expected in the coming weeks.…

ThursdayJan 30, 2025 2:25 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Featured in New Video Series by Allan Barry Laboucan

McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer with a large exposure to copper through its McEwen Copper subsidiary, was recently featured in a new video series launched by Allan Barry Laboucan called “Insights into Drilling.” Allan has spent 30 years of his life watching drill results, drill programs, drill models and reasons for drilling. He sees it as the lifeblood of the mining business. In an email to subscribers introducing the first video of the series, he wrote, “McEwen Mining has catalysts from their world-class copper development project, strong improvement to their bottom…

TuesdayJan 28, 2025 1:00 pm

MiningNewsBreaks – Diamcor Mining Inc. (TSX.V: DMI) (OTCQB: DMIFF) (FRA: DC3A) Enters LOI for $5.0M Term Loan

Diamcor (TSX.V: DMI) (OTCQB: DMIFF) (FRA: DC3A) is a well-established Canadian diamond mining company with a proven history in the mining, exploration and sale of rough diamonds. The company has announced its entry into a non-binding letter of intent (“LOI”) for a non-dilutive financing of up to USD $5,000,000 with a well-established Dubai-based manufacturer and supplier of bridal and anniversary diamonds to the global market. “This financing is the result of long-term relationships we have developed with key associates in Dubai over many years, and the mutual vision our companies share on the merits of building a growing supply of…

ThursdayJan 23, 2025 10:05 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Hits High-Grade Tin and Silver at Iska Iska

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) reported high-grade assay results from its definition drilling program at the Iska Iska silver-tin polymetallic project in Bolivia. Hole DSB-72 intersected 1.39% tin over 33m within a broader interval of 0.74% tin over 87m, alongside 24.48 g/t silver over 45m in the upper section. The tin mineralization is hosted in an extensive intrusion breccia unit, interpreted as part of a larger tin porphyry system at depth. Executive Vice President Dr. Osvaldo Arce emphasized Bolivia’s global significance in tin production and the potential for Iska Iska to contribute to the Bolivian Tin Belt’s legacy…

TuesdayJan 21, 2025 1:01 pm

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Highlights 2024 Achievements and 2025 Plans Amid Market Challenges

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) has outlined its 2024 accomplishments and 2025 goals, including significant advances at its Gochager Lake and Albert Lake projects in Saskatchewan. At Gochager Lake, exploration expanded the historic deposit’s footprint and identified high-grade nickel-copper-cobalt mineralization, while Albert Lake drilling validated a 4 km² geochemical anomaly and confirmed the area's potential as a dynamic magmatic nickel sulphide system. Plans for 2025 include electromagnetic surveys, prospecting, and drilling to build on these successes, with optimism about nickel price recovery driven by global supply constraints and demand for critical North American metals. CEO Ian Fraser reaffirmed…

WednesdayJan 15, 2025 8:30 am

MiningNewsBreaks – ESGold Corp. (CSE: ESAU) (OTCQB: ESAUF) Outlines 2025 Roadmap Toward Production, Exploration and Clean Mining

ESGold (CSE: ESAU) (OTCQB: ESAUF) has released its 2025 outlook, highlighting a transition from preparation to execution as the Company targets first gold and silver production at the fully permitted Montauban Project in early Q3. Key objectives include finalizing construction financing, launching systematic exploration using Ambient Noise Tomography, and announcing results from clean processing trials. ESGold also aims to secure non-dilutive capital, pursue Quebec grants, and activate a $2 million operating credit line at production start. With uplisting to OTCQB and DTC eligibility expected imminently, ESGold is positioned to unlock near-term cash flow and long-term growth. To view the full…

WednesdayJan 15, 2025 8:00 am

MiningNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Reports Financial Results and Waterberg Project Progress

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) announced financial results for the three months ended Nov. 30, 2024, and provided updates on its Waterberg Project in South Africa. The mechanized, shallow mine is designed to produce platinum, palladium, rhodium, and gold ("PGMs") alongside copper and nickel by-products, aiming to be among the world's largest and most cost-effective underground PGM operations. Near-term objectives include advancing to a development decision, securing construction financing, and finalizing concentrate offtake agreements. Additionally, the company continues collaborating with Anglo American Platinum and Florida International University through Lion Battery Technologies Inc. to integrate platinum and palladium…

MondayJan 06, 2025 10:33 am

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Advances SASB Field Gas Production with Well Enhancements

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) has successfully installed 2 3/8” velocity string tubing in the Alapli-2 natural gas well, a key step in optimizing long-term gas production at the SASB field. The snubbing unit will next be transported to the East Ayazli tripod for a similar installation in the Bayhanli-2 well, expected to conclude within seven days, weather permitting. Following these operations, nitrogen stimulation will be conducted on both wells to further enhance production performance. To view the full article, visit https://ibn.fm/lYjL3 About Trillion Energy International Inc. Trillion Energy is focused on oil and natural gas production for Europe and…

MondayJan 06, 2025 10:07 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Reports Strong Drill Results at Iska Iska Silver-Tin Project

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM) announced assay results from its definition drilling program in the Santa Barbara starter pit area of the Iska Iska silver-tin polymetallic project in Bolivia. Highlights include significant mineralized intersections, such as Hole DSB-69, which returned 142.50m at 106.97g Ag eq/t, and Hole DSB-70, which intercepted 255.75m at 127.89g Ag eq/t. The drilling program confirms the project's potential with high-grade silver and tin zones. CEO Tom Larsen emphasized the economic potential of the deposit, with the results set to inform a Preliminary Economic Assessment (“PEA”) expected in late 2025. To view the full…

FridayJan 03, 2025 10:57 am

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Announces Leadership Changes and Growth Strategy

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) announced the resignation of CEO Arthur Halleran, effective December 27, 2024, after leading the company since 2017. Sean Stofer, with over 20 years of energy industry leadership, has been appointed interim CEO and Chairman, while the company searches for a permanent successor to focus on asset optimization and strategic expansion. Additional appointments include Scott Lower as President and Burak Tolga Terzi as Vice President and Deputy General Manager, both bringing expertise in finance and energy operations. Trillion plans to establish an advisory board and expand its Board of Directors in early 2025 to drive…

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