MiningNewsBreaks Archive - Page 32 of 107

ThursdayMay 30, 2024 3:32 pm

MiningNewsBreaks – Reunion Gold Corp. (TSX.V: RGD) (OTCQX: RGDFF) Issues Update on Ongoing Oko West Drill Programs, Corporate Update

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, South America, today provided an update on its ongoing expansion and infill drill programs at Oko West, Guyana, as well as a corporate update. Key highlights from the deep drilling in Block 4 at Oko West include hole D-393A-W2, which intersected 107.0 m grading 2.42 grams per tonne of gold (“g/t Au”) from 660.0 m downhole, including 20.0 m grading 9.78 g/t Au from 734 m downhole; hole D-316-W1, which intersected 101.0 m grading 2.69 g/t Au from 694.0 m downhole, including 13.1 m grading 7.84…

WednesdayMay 29, 2024 3:21 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Financing to Fund Exploration and Development at the Fox Complex

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) has announced that it priced a public financing to fund continued exploration and development at the Fox Complex in the Timmins region of Ontario, primarily focused on exploration drilling and the development of an underground access ramp from surface to mine the gold resources of Stock East and West. This represents the next area of production growth at the Fox Complex. McEwen Mining intends to use the proceeds of this financing for qualifying Canadian Exploration Expenses within the meaning of subsection 66.1(6) of the Income Tax Act (Canada) and Canadian Development Expenses within the…

WednesdayMay 29, 2024 3:09 pm

MiningNewsBreaks – Torr Metals Inc. (TSXV: TMET) Announces Kolos Copper-Gold Project Expansion, Addition of New Exploration Targets

Torr Metals (TSX.V: TMET), a mineral exploration company focusing on the identification, acquisition and advancement of mineral properties, has significantly increased the size of its Kolos Copper-Gold Project. The 75% expansion was a result of staking; the project increased from approximate 140 km to 240 km, with the new mineral claims focused on northern expansion, following an extension of the north-trending Fanta Fault. In addition, Torr Metals announced that it has assembled a field team in preparation for the 2024 field season to conduct early reconnaissance at multiple newly identified exploration targets, including a new mineralized outcrop discovery at the Vik Zone. “By…

WednesdayMay 29, 2024 3:09 pm

MiningNewsBreaks – Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) Featured in “The Prospector News” Article

Tartisan Nickel (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA), a Canadian-based company specializing in mineral exploration and development, is spotlighted in the June issue of the “The Prospector News.” The two-page article, titled “Tartisan Nickel: Kenbridge Nickel Connecting Communities,” provides an overview of the company, including its flagship Kenbridge Project, which “has a completed preliminary economic assessment and is now working to further define the mineral resource by bringing some of the inferred ore deposits into the indicated category,” the article stated. The article also noted the company’s focus on creating and sustaining key relationships with the community and First Nations.…

TuesdayMay 28, 2024 3:45 pm

MiningNewsBreaks – McEwen Mining (NYSE: MUX) (TSX: MUX) Reports Attractive Gold Grades at Grey Fox, Strengthened Potential for Open Pit Mining

McEwen Mining (NYSE: MUX) (TSX: MUX) yesterday announced promising new assay results from the Grey Fox deposit within its Fox Complex. The highlights include significant gold grades at both shallow and deeper levels, suggesting potential for low-cost open pit mining and intriguing follow-up targets. Notable assay results including but not limited to 586.7 g/t Au over 0.5 meters and 14.3 g/t Au over 5.0 meters, are indicative of prospective high-grade gold zones. Grey Fox's current resource estimate stands at 1,168,000 ounces of gold at a grade of 4.80 g/t Au (Indicated) and 236,000 ounces of gold at 4.35 g/t Au…

TuesdayMay 28, 2024 12:42 pm

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Releases Updated Report on Drill Program at Historic Gochager Lake Deposit

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), focused on the exploration for nickel, cobalt and copper in north-central Saskatchewan, is reporting results of the seven drillhole, 2,656-meter drill program at its Gochager Lake Project. Highlights of the report show that drill-tested, borehole electromagnetic (“BHEM”) conductors coincide with high-grade, nickel zones of semimassive to massive sulphide mineralization. Fathom Nickel started drilling at the Gochager Lake deposit in February 2023. So far 16 drillholes totaling 5,543 meters have been completed with the company able to define a mineralized gabbro unit containing interstitial disseminated magmatic pyrrhotite, pentlandite and chalcopyrite, over a northeast-southwest strike of…

FridayMay 24, 2024 3:07 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Stands out as Key Player in Basic Materials Space

McEwen Mining (NYSE: MUX) (TSX: MUX) has been a standout performer in the basic materials sector this year, showcasing a remarkable growth trajectory that has caught the attention of investors and analysts alike. “With a year-to-date stock price increase of approximately 51%, MUX has significantly outpaced the average performance of its sector peers, which have seen an average decline of about 2.7%. This impressive growth is not just a number but a testament to the company’s resilience and potential for future gains,” reads a recent article. “The surge in MUX’s stock price is further bolstered by a substantial upward revision…

FridayMay 24, 2024 2:33 pm

MiningNewsBreaks – Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) Expecting ‘Milestone Year’ in 2024

Tartisan Nickel (CSE: TN) (OTCQB: TTSRF) is a Canadian mineral and battery metals exploration and mining company developing its flagship Kenbridge Nickel Project situated in the Kenora Mining District, northwestern Ontario. The company recently engaged Northwest Solutions Inc. (“NWS”), an organization based in Thunder Bay, Ontario, to provide technical and human resource support for the Kenbridge Nickel Project. Tartisan also appointed Gregory (Greg) Edwards, B.Sc., Geo. Eng., who is currently serving as project manager for the Kenbridge Nickel Project and as the company’s First Nations liaison. “Tartisan aims to develop a more comprehensive and culturally sensitive approach to resource extraction…

FridayMay 24, 2024 1:45 pm

MiningNewsBreaks – Torr Metals Inc. (TSX.V: TMET) Looking to Address Global Copper Demand-Supply Imbalance

Torr Metals Inc. (TSX.V: TMET) is a Vancouver-based mineral exploration company focused on the identification, acquisition and advancement of mineral properties. With copper expected to play an increasingly important role in powering the world’s transition toward net-zero technologies, the surge in copper demand is expected to drive a necessary increase in supply, requiring an additional 9.7 million metric tons (“Mt”) production per annum by 2031. However, the copper supply is anticipated to remain in deficit by the beginning of the next decade with a forecast shortfall of 6.5 Mt from a projected deficit of 114,000 tons for 2023. “Torr Metals…

WednesdayMay 22, 2024 2:20 pm

MiningNewsBreaks – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) Set to Commence New Exploration Program at Duquesne West Gold Project

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) announced that it has mobilized a drill rig for its 2024 exploration program at the Duquesne West Gold Project in Quebec, with the 8,000 m drill program set to commence by mid-May to follow up on the results of Emperor’s initial 2023 drill campaign. Globex Mining Enterprises Inc. (TSX: GMX) (OTCQX: GLBXF) (FSE: G1MN) further elaborated on the news, stating, “Emperor has taken a binary approach to exploration on the property seeking to outline an open-pittable, lower grade, large tonnage gold deposit in addition to the more conventional high-grade underground mine as…

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