News Archives - Page 63 of 83

ThursdayOct 21, 2021 12:56 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Enters Joint Venture Agreement for Producing Tequila Gold Mine Project

Asia Broadband (OTC: AABB) today announced its entry into a definitive joint venture agreement to secure a 75% interest in the Tequila Gold Mine Project and 100% of the current and future gold production from the property. According to the update, the company came to terms with owner Juan Enrique Michel Arambula Y Socios for the 66.6792-hectare concession # 219165, La Guadalupe, located approximately 70 kilometers north of Guadalajara near the town San Martin de las Canas in the municipality of Tequila, Jalisco, Mexico. In addition, negotiations are ongoing to add concessions to the Tequila Project joint venture. The Tequila property…

TuesdayOct 19, 2021 9:41 am

MiningNewsBreaks – Excellon Resources Inc. (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) Announces Another Solid Quarter of Production at Platosa

Excellon Resources (NYSE American: EXN) (TSX: EXN) (FSE: E4X2) today announced third quarter 2021 production results from the Platosa Mine in Durango, Mexico. Among the highlights, the company reported silver-equivalent (“AgEq”) production of 521,160 oz, the fifth consecutive quarter of over 21,000 tonnes mined and milled and the strongest nine-months of silver production since 2014. “We have had another solid quarter of production from Platosa at the higher productivity rates that we have realized since Q3 2020,” said Brendan Cahill, Excellon’s president and CEO. “We realized good improvements in mill recoveries late in Q3, which we continue to see as Q4…

MondayOct 18, 2021 1:24 pm

MiningNewsBreaks – Shares of Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Climb to New 52-Week High

Shares of Energy Fuels (NYSE American: UUUU) (TSX: EFR) hit a new 52-week high of $8.51 during Monday morning trading, continuing to build on recent momentum. Over the course of the last 12 months, shares of Energy Fuels have moved between this new high and a 52-week low of $1.42. At time of publishing, approximately 5.6 million shares have changed hands today, compared with average volume of 4.5 million. Throughout this period of strong performance, Energy Fuels has remained committed to the communities in which it operates. Last month, the company announced the establishment of the San Juan County Clean Energy Foundation, a fund…

TuesdayOct 05, 2021 10:10 am

MiningNewsBreaks – Excellon Resources Inc.’s (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) Drill Campaign Continues to Define High-Grade Mineralization at Platosa

Excellon Resources (TSX: EXN) (NYSE American: EXN) (FSE: E4X2) today announced results from underground drilling at the Platosa Mine in Durango, Mexico. Among the highlights, the company reported further high-grade results from the 623, NE-1S, and Guadalupe South mantos, with diamond drilling results from underground. “Drilling at Platosa continues to define high-grade mineralization ahead of production,” said SVP of Geology and Corporate Development Ben Pullinger. “With EX21UG690, we have potentially discovered a new zone of very high-grade mineralization sitting below the historically mined upper part of the 623 Manto. This mineralization is located approximately 80 metres above the deepest current…

TuesdaySep 28, 2021 3:34 pm

MiningNewsBreaks – Asia Broadband Inc. (AABB) Announces LOI to Form JV with Mexico Gold Mine

Asia Broadband (OTC: AABB),a resource company focused on the production, supply and sale of precious and base metals primarily to Asian markets, has signed a letter of intent (“LOI”) outlining a joint venture agreement to secure an 80% interest in the development and production of the Tequila Gold Mine Project. The gold mine is located some 70 kilometers north of Guadalajara, Mexico. AABB noted in the announcement that previous exploration and drilling on the property conducted by a Canadian mining company showed multiple gold and silver mineralization veins that exhibited high-grade potential. The Tequila project is another potential high-yield asset…

TuesdaySep 28, 2021 12:21 pm

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) Announces Acquisition of Historic Nevada Mine

StraightUp Resources (CSE: ST) today announced its acquisition of the West Cat Mine, which includes an unpatented lode mining claim on federal land in the historic Beatty Mountain Nevada Mining District in Nye County, Nevada, located about 15 kilometers east of U.S. Route 95 and approximately 20 kilometers from Beatty, Nevada, at the base of the Bare Mountain Range. According to the update, the West Cat Mine is part of a 20.66-acre land package discovered in the early years of the Bullfrog mining boom. Gold-bearing quartz veins occur in the west-draining canyons and along the western slopes of Bare Mountain,…

ThursdaySep 16, 2021 12:23 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Showcases Corporate Activities at Open House; Establishes Foundation to Support Local Communities

Energy Fuels (NYSE American: UUUU) (TSX: EFR), the leading uranium producer in the United States, held an open house for business, community and industry leaders at its White Mesa Mill location in Blanding, Utah. During the event, the company showcased its uranium production and introduced its production and shipment of an intermediate rare earth element (“REE”) product. According to the announcement, an estimated 15 containers of RE carbonate produced at the mill is being shipped to Europe; upon arrival, that carbonate will be processed into separated rare earth oxides and other value-added RE compounds. These shipments of commercial quantities of rare…

ThursdaySep 09, 2021 9:45 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Announces Results of Drill Program at Augustus Lithium Drill Hole

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, has completed phase 1 exploration drill work at its Augustus Lithium Property, which is located in Quebec. The drill program included a total of 32 NQ size diamond drill holes, with a cumulative drilling of 5,847.15 meters; 27 of the drill holes intersected spodumene bearing lithium pegmatites with five holes showing low-grade lithium intercepts or not hitting any significant mineralization at all. Results also noted that two drill holes were drilled for metallurgical test-work purposes at the same locations as holes LC21-16 and LC21-20, respectively. Other results worth…

WednesdayAug 18, 2021 10:42 am

MiningNewsBreaks – Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) Releases Results from Underground Drilling at Platosa Project

Excellon Resources Inc. (TSX: EXN) (NYSE American: EXN) (FRA: E4X2) has reported that it is drilling 1,828 g/t silver equivalent over more than five meters at its Platosa Mine in Durango, Mexico. Additional highlights of the report include 2,368 g/t AgEq over 1.6 meters in EX21UG597 and 1,481 g/t AgEq over 2.5 meters in EX21UG601. In addition, the company noted that the drilling results from underground continue to define mineralization in areas ahead of production at the 623, NE-1 and NE-1S Mantos as well as outside of the current mine plan. The drilling into the 623 and NE-1 Mantos specifically improve…

TuesdayAug 17, 2021 10:06 am

MiningNewsBreaks – First Energy Metals Ltd. (CSE: FE) (OTCQB: FEMFF) Drills 1.47% Li2O at 11.5 Meters Depth at Augustus Lithium Property

First Energy Metals (CSE: FE) (OTCQB: FEMFF), a publicly traded Canadian mineral exploration company, today announced results of drill hole LC21-05 at its Augustus Lithium Property in Quebec, Canada. According to the update, highlights of LC21-05 include a four-meter-wide zone with 1.47% lithium oxide (“Li2O”) at 11.5 meters (“m”) depth and a three-meter-wide zone with 0.56% Li2O at 32m depth, including a one-meter-wide zone with 1.14% Li2O at 33m depth. The drill program is based on historical exploration data and the company's in-progress surface trenching and sampling program. Several historical drill hole collars were also located on the property, which helped…

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