MiningNewsBreaks Archive - MiningNewsWire

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…

ThursdayOct 21, 2021 10:59 am

MiningNewsBreaks – StraightUp Resources Inc. (CSE: ST) Acquires Historically Productive Mine in Nevada’s Bullfrog Boom Zone

StraightUp Resources (CSE: ST), a Canada-based mineral exploration and mining property acquisition company, recently announced the acquisition of the West Cat Mine. With this move, the company adds the historically productive mine located within the renowned Bullfrog boom zone of southwestern Nevada to its Ontario greenstone belt options. “Barrick Bullfrog Inc. produced about 2.3 million ounces of gold and more than 3 million ounces of silver during the 1990s from its property in the Bullfrog boom zone near Beatty, Nevada…. The area has generated new excitement among explorers in recent months, as demonstrated by South Africa-based gold miner AngloGold Ashanti’s…

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…

ThursdayOct 14, 2021 1:18 pm

MiningNewsBreaks – StraightUp Resources Inc.’s (CSE: ST) RLX Properties ‘Highly Prospective’ for Economic Gold Deposits

StraightUp Resources (CSE: ST) recently announced the completion of a high-resolution Heli-borne magnetic survey (“MAG”) on the RLX North and RLX South properties (“RLX Properties”) that comprise the company’s largest area of operation currently. According to Mark Brezer, the company’s president and CEO, the projects are in the heart of the Red Lake Mining District, an area that is seeing a resurgence of gold-bearing deposits that were overlooked in the past. “The Red Lake district is renowned for over 30 million ounces of historic gold production, and the RLX projects are situated near the Red Lake Mine complex that is…

ThursdayOct 07, 2021 12:40 pm

MiningNewsBreaks – Why StraightUp Resources Inc. (CSE: ST) Is ‘One to Watch’

StraightUp Resources (CSE: ST) is engaged in the business of mineral exploration and the acquisition of mineral property assets across North America. “The company’s flagship properties are located in the Red Lake Mining District of Ontario, Canada, renowned for over 30 million ounces of historic gold production. Other key projects extend into the neighboring Meen-Dempster Greenstone Belt of the Uchi Subprovince. The company’s management team is led by dedicated professionals, aiming to maximize shareholder value while employing modern exploration techniques and principles to achieve its goals,” reads a recent article. “The mission of StraightUp Resources is to maximize shareholder wealth…

TuesdayOct 05, 2021 2:42 pm

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) Establishes Foundation to Benefit Communities Surrounding the White Mesa Mill

Energy Fuels (NYSE American: UUUU) (TSX: EFR) recently established the San Juan County Clean Energy Foundation, a fund created to contribute to the communities surrounding UUUU’s White Mesa Mill in southeastern Utah. “The funds from the foundation are earmarked to support the local economy and local priorities, specifically focusing on supporting education, the environment, health/wellness, and economic advancement in the city of Blanding, San Juan County, the White Mesa Ute Community, the Navajo Nation, and other area communities,” reads a recent article. The foundation will have a community-based advisory board to ensure that the foundation’s contributions are well planned and…

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,…

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