MiningNewsBreaks Archive - Page 30 of 107

WednesdayJul 03, 2024 9:58 am

MiningNewsBreaks – Torr Metals Inc. (TSXV: TMET) Receives Exploration Permit to Drill on Filion Gold Project

Torr Metals (TSX.V: TMET), a mineral exploration company focusing on the identification, acquisition and advancement of mineral properties, has received a three-year exploration permit from the Ontario government. According to the announcement, the permit allows the company to drill on its 100% owned 261-kilometer Filion Gold Project. The project was acquired through staking on Oct. 26, 2023, and has undergone testing that showed historical results, including rock grab samples that assayed 9.1 g/t gold and channel sampling that reportedly yielded 91.4 g/t gold over 0.3 meters. The property, which is located about 30 kilometers from Kapuskasing, has direct road access…

ThursdayJun 27, 2024 2:30 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Aims to Capitalize on Rising Demand for Copper

Torr Metals Inc. (TSX.V: TMET), a Canada-based mineral exploration company advancing mineral properties in Ontario and British Columbia, aims to unlock the potential of its 100%-owned gold and copper projects with a focus on cost-effective exploration and development aided by proximity to existing major infrastructure. “TMET’s exploratory activities sync with favorable market conditions driven by the burgeoning renewable energy and electric vehicle industries. Limited copper supply is leading to increased demand by these sectors with a corresponding price increase to nearly $10,000 per ton. As a result, investors anticipate a bullish outlook for copper over the next few months driven…

ThursdayJun 27, 2024 1:11 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Provides Proposed Summer 2024 Exploration Program at Epworth Project

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a mineral exploration company exploring for high-grade critical and precious metal deposits in Nunavut, Canada, and Virginia, USA, today announced the proposed summer 2024 exploration program at its Epworth sediment hosted copper-silver-zinc-cobalt project located 80 km southeast of Kugluktuk in Nunavut, Canada. Key highlights included >2 million in flow-through funds to be used this season, with additional funding also in place; 5000 line-km airborne electromagnetic and magnetic survey planned to identify copper exploration targets and delineate regional and property-scale structures; and geological and structural mapping, prospecting, rock and lake sediment sampling directed by…

WednesdayJun 26, 2024 10:43 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Stakes New Ground Southwest of Albert Lake Property

Fathom Nickel (CSE:FNI) (FSE: 6Q5) (OTCQB: FNICF) today announced the addition of the Friesen Lake property to its growing portfolio. The property encompasses three mineral dispositions acquired by staking directly through the Government of Saskatchewan’s MARS portal. “In light of recent activity in the Albert Lake property area, we made the decision to stake three claims to cover the Friesen Lake Ni-Cu-Pt showing and acquire land that puts us adjacent to the Toppings Lake Cu-Ni showing,” said Ian Fraser, CEO and VP Exploration. “Both showings are ultramafic-mafic hosted and have the potential to host significant magmatic nickel sulphide-styles of mineralization.…

TuesdayJun 25, 2024 12:54 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ) Announces Strategic Board Appointment

GEMXX (OTC: GEMZ) today announced that Ali S. Abood has joined the board of its primary investment target, Latin Energy Partners. According to the announcement, the addition to the board aligns with GEMXX’s commitment to strengthen its investment portfolio and expand its influence in the global energy sector. Abood brings a wealth of experience in international business, finance and consultancy, with a particular focus on the Middle East and Africa. “We are thrilled to announce Ali S. Abood has joined the board of Latin Energy Partners,” said Richard Clowater, CEO of GEMXX Corporation. “His extensive experience and proven track…

TuesdayJun 25, 2024 10:35 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports on $70M Private Placement, Funds to Support Los Azules Copper Project

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on a nonbrokered private placement financing. According to the announcement, the private placement is comprised of up to 2,333,333 common shares of its wholly owned subsidiary McEwen Copper Inc. The shares were offered at a subscription price of $30 per common share, resulting in gross proceeds of up to $70 million for the company; McEwen Copper currently has 30,937,615 common shares outstanding. McEwen anticipates using funds from the placement to advance work on a bankable feasibility study for the Los Azules copper project, which is…

MondayJun 24, 2024 1:22 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Secure C$17.1M Royalty Package for Storm Copper Project

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia and Nunavut, Canada, along with its joint venture partner American West Metals Limited, has entered into a binding funding agreement with Australian-based Taurus Mining Royalty Fund L.P. According to the announcement, Taurus will provide up to $12.5 million under a royalty package for the Storm Copper Project. The announcement noted that 80% of the funding will be allocated for American West Metals and 20% for Aston Bay Holdings. American West Metals plans to use its funds to…

FridayJun 21, 2024 11:07 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Report on Fox Complex, Notes Update on Production and Preconstruction Activities

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on the progress at the Fox Complex, where McEwen is advancing a new mine on the Stock Property. According to the announcement, production is expected to start in the second half of 2025, with pre-construction activities of the stock portal already begun. The company noted that current activities will allow access to mining of the West, Main and East gold zones. “In addition, the portal will provide cost-effective underground drill platforms to enable testing for expected depth extensions of…

ThursdayJun 20, 2024 3:36 pm

MiningNewsBreaks – Torr Metals Inc.’s (TSXV: TMET) Final Assay Results from Kolos Rock Sampling Program Spotlighted in Syndicated Broadcast

Torr Metals (TSX.V: TMET), a Vancouver-based mineral exploration company, has been featured in a NetworkNewsAudio (“NNA”) broadcast. The broadcast Torr Metal’s announcement of the final assay results from its 2023 rock sampling program focused on the Vik Zone at its Kolos Copper-Gold Project. “We are strongly encouraged by these promising results, which validate our meticulous exploration strategy at the Kolos Project,” said Torr Metals president and CEO Malcolm Dorsey. “The rock grab sample grades are in-line with comparisons we have made in the region, and we have confirmed surface mineralization in outcrop within all of our high-priority target zones, positioning…

ThursdayJun 20, 2024 11:38 am

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Receives New Exploration Permit, Commences Exploration Field Activities at the Gochager Lake Project

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), focused on the exploration for nickel, cobalt and copper in north-central Saskatchewan, today announced the recent receipt of all necessary permits to continue exploration activity at its Gochager Lake project. The company also announced the commencement of exploration field activities at the project, with field crews already mobilized. According to the announcement, the exploration permit, which expires July 31, 2026, allows Fathom to drill up to 60 drillholes; construct and utilize an all-season 25-person camp; do necessary line-cutting ahead of surface geophysical surveys; and prepare necessary ground and ice trails to facilitate the…

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