News Archives - Page 31 of 71

WednesdayOct 04, 2023 11:37 am

MiningNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Provides Update Horizontal Development Production

Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in western Canada, is reporting that two of its five horizontal wells have begun production over the past week. According to the announcement, each well produced 125 bpd with less than 1% water cut. The company strategically brought these new horizontal wells into production at a low pump efficiency of about 30% in order to accommodate the heavier viscous oil and achieve steady flow, designed to peak over the next few months. The company noted…

WednesdayOct 04, 2023 10:04 am

MiningNewsBreaks — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Shares Update in Latest Assay Report

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting new assay results on its Fox Complex, which is located near Timmins, Ontario. Key findings indicate two principal plunge directions (or vectors) controlling mineralization with both appearing to originate at the Ramp Portal Zone. According to the announcement, the results from 21 diamond drillholes are reported for three key target areas at McEwen’s Stock West Project: Ramp Portal Zone, Shallow Plunge and Steep Plunge. Additionally, findings show two intriguing results that suggest other directions for the Stock resource to…

TuesdayOct 03, 2023 12:17 pm

MiningNewsBreaks – GEMXX Corporation (GEMZ) Announces Partnership with Aurora Geosciences to Confirm Resources, Increase Asset Value

GEMXX (OTC: GEMZ), a leader in the ammolite gemstone mine-to-market segment and a 50% partner in Canadian gold-exploration company Crazy Horse Mining Inc. (“CHMI”), is partnering with Aurora Geosciences to complete S-K 1300 technical reports on four assets. According to the announcement, two of GEMXX’s gold reserves along with two of its largest ammolite gemstone claims have not yet confirmed by an engineer report. Because of that, while these properties are owned and operated by GEMXX, they are not reflected on the company's balance sheet and no value has been recorded for the resources they contain. In order to accurately…

MondayOct 02, 2023 10:57 am

MiningNewsBreaks — Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Shares Update Regarding Appia Rare Earths, Uranium Trading

Appia Rare Earths & Uranium (CSE: API) (OTCQX: APAAF) (FSE: A0I0), a Canadian company in the rare earth element and uranium sectors, has released an update regarding activity observed in the rare earths and uranium trading space. According to the report, the company stated that it is unaware of any information that would account for the significant volume of trading and drop in the price of the company's shares that occurred on Sept. 29, 2023. The announcement noted that Appia is focused on its exploration activities in Canada and Brazil. The company will release updates and results on a timely basis.…

MondayOct 02, 2023 10:08 am

MiningNewsBreaks — Ucore Rare Metals Inc. (TSX.V: UCU) (OTCQX: UURAF) Announces Participation in Upcoming Red Cloud Webinar Series

Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF), a company focused on rare- and critical-metal resources, extraction, beneficiation and separation technologies with the potential for production, growth and scalability, will be involved in a live, virtual webinar hosted by Red Cloud Financial Services. According to the announcement, Ucore Rare Metals CEO Pat Ryan, P.Eng, will be presenting a life corporate update during the event, which will be held Oct. 5, 2023. Ryan’s presentation, which will include an overview of the company’s activities and recent developments in the rare earth space, is slated to begin at 2 p.m. ET. Shareholders and other…

ThursdaySep 28, 2023 1:09 pm

MiningNewsBreaks – Appia Rare Earths & Uranium Corp. (CSE: API) (OTCQX: APAAF) (FSE: A0I0) Completes First Phase of Drilling Initiatives Across PCH Iconic Clay Project

Appia (CSE: API) (OTCQX: APAAF) (FSE: A0I0, A0I0.F, A0I0.MU, A0I0.BE) today provided an update on the progress of its ongoing drilling program to outline the extent of the mineralized zone at Target IV on its PCH Iconic Clay Project in Brazil. The company has processed and sent 2,255 samples for analysis, from both the Reverse Circulation (“RC”) and Auger drill programs to date and expects to release results in the near future. “Appia’s RC extensive drilling program at Target IV has reached a total of 147 holes, and we have now completed the first phase of the multi-phase drilling initiatives…

ThursdaySep 28, 2023 12:24 pm

MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Announces Successful Pilot Results Confirming Value of Novel IPT Carbonation Process

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) today announced that it has successfully completed its carbon storage pilot plant, demonstrating the value of its novel carbon storage process, In-Process Tailings (“IPT”) Carbonation. According to the update, the company processed more than 7 tonnes of tailings and confirmed the engineering design parameters for IPT Carbonation for incorporation in the Integrated Feasibility Study (“IFS”) expected to be released on Oct. 12, 2023. The pilot plant also was utilized to successfully apply the IPT Carbonation process to material from a third party, demonstrating the potential to commercialize the process for other projects. In addition,…

ThursdaySep 28, 2023 11:07 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Begins Iska Iska Preliminary Economic Assessment

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mine-development company with a portfolio of gold and base-metal properties in Bolivia, Peru and Quebec, has started a preliminary economic assessment (“PEA”) for the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. According to the company, the PEA will study the inferred mineral resource estimate (“MRE”) of 560 million tonnes grading 13.8 g Ag/t, 0.73% Zn and 0.28% Pb in the Polymetallic (Ag-Zn-Pb) Domain and 110 million tonnes grading 0.12% Sn, 14.2 g Ag/t and 0.14% Pb in the Tin Domain (Sn-Ag-Pb). The announcement noted…

WednesdaySep 27, 2023 9:40 am

MiningNewsBreaks – Prospera Energy Inc. (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B) Releases Update on Drilling Program Update, Announces Capital Raise

Prospera Energy (TSX.V: PEI) (OTC: GXRFF) (FRA: OF6B), a public oil and gas exploration, exploitation and development company focusing on conventional oil and gas reservoirs in western Canada, is reporting on drilling progress and has announced a capital raise. The company is undertaking a nonbrokered private placement of debt financing with plans to raise up to $3 million, offering holders’ interest of 14% per annum, with interest payments to be made quarterly for a term of two years. As part of the offering, holders will also receive one common share for each dollar of principal paid at the time of…

TuesdaySep 26, 2023 12:28 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Enters Binding LOI to Acquire 50% Interest in Proven Yukon Gold Project

GEMXX (OTC: GEMZ), an enterprise specializing in gold, gemstone and jewelry production, today announced its entry into a binding letter of intent (“LOI”) to acquire an initial 50% stake in The Yukon Gold Project (“the property”), pending conclusion of due diligence and verification of the considerable exploration work already completed on the property and the assessments quantifying the proven and potential gold resources. According to the announcement, exploration work on the property to date includes geological mapping and prospecting, ground magnetometer and induced polarization surveys, soil sampling, trenching and diamond drilling. “In addition to our Snow Creek and Rosella Creek…

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