MiningNewsBreaks Archive - Page 47 of 126

TuesdayJul 16, 2024 3:40 pm

MiningNewsBreaks – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Reports on Plans to Explore Eastern Extent at Duquesne West Gold Project

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH), an advanced-stage, gold-exploration company focused on proving and developing the substantial resource potential of its flagship Duquesne West Gold Project, announced that it is exploring the eastern portion of the project. According to the announcement, that exploration includes a “conceptual open pit model toward the Nip Zone, focusing on untested potentially high-grade gold targets after completing 30% (2,500 meters) of the ongoing 8,000-meter drill program at the Duquesne West Gold Project.” The company reported robust thickness of high-grade gold intercepts at the Nip Zone, making the area a top priority for exploration. Noting that…

TuesdayJul 16, 2024 1:59 pm

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Issues Update on SASB Program

Trillion Energy (CSE: TCF) (OTCQB: TRLEF), a company focused on oil and natural gas production for Europe and Türkiye with natural gas assets in Türkiye, today provided an operational update for the SASB gas field well intervention program. “The fantastic response of South Akcakoca-2 once the water was lift off the perforations indicates that the reservoirs will produce the gas they contain once the water loading is removed,” said Arthur Halleran, CEO of Trillion. “The wells are going to be perforated and monitored during clean up to evaluate the reservoirs response. The next phase of this project is to install…

MondayJul 15, 2024 12:16 pm

MiningNewsBreaks – Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Announces Completion of Business Combination with G Mining Ventures

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has completed its business combination with G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF). The business combination was completed through a court-approved plan of arrangement under the Canada Business Corporations Act after GMIN shareholders and Reunion Gold securityholders approved the plan; the Ontario Superior Court of Justice also approved the transaction. According to the announcement, a newly incorporated successor issuer will hold and manage the combined business of GMIN and Reunion Gold and has acquired all of the issued and outstanding common shares in the capital of…

MondayJul 15, 2024 11:02 am

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Collaborates with Chamber of Commerce to Unveil Documentary

Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), a leading exploration and mine development company, has released a documentary film. The company partnered with the Canadian Bolivian Chamber of Commerce to create the film, a short documentary titled “Viva Tupiza! Viva Bolivia!” The film was made in Bolivia in the Tupiza area where Eloro’s Iska Iska silver-tin polymetallic project is located. A silver-tin polymetallic project, Iska Iska is a road-accessible, royalty-free property located 48 kilometers from Tupiza in the Sud Chichas Province of the Department of Potosi in southern Bolivia. Eloro has an option to earn a 100% interest in…

FridayJul 12, 2024 3:03 pm

MiningNewsBreaks – Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Enhancing Asset Portfolio with Fully Funded Phase II Drilling Program

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) is an advanced-stage gold exploration company focused on proving and developing the substantial resource potential of its flagship Duquesne West Gold Project located in the Tier 1 district of the Southern Abitibi Greenstone belt of Rouyn-Noranda, Quebec. “The company announced an ambitious 8,000-meter drill program and 8,000-meter of historical core assaying at its Duquesne West Gold Project. This extensive drilling program is designed to expand the current resource base and explore new zones of mineralization within the project area. This strategic move not only aims to enhance Emperor’s asset portfolio but also…

FridayJul 12, 2024 2:31 pm

MiningNewsBreaks – Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) Poised as 2024 Promises to Be ‘Milestone Year’

Tartisan Nickel (CSE: TN) (OTCQB: TTSRF), a Canadian mineral and battery material exploration and mining development company, recently announced an ambitious plan to complete an all-season access road at its flagship Kenbridge Nickel Project in Ontario. “As a critical initiative for the 2024 calendar year, its management noted its integral role in improving the property’s value, aligning with Indigenous communities… To live up to its promise, Tartisan appointed Gregory (Greg) Edwards, B.Sc., Geo Eng., to serve as Project Manager for the Kenbridge Nickel Project and the company’s First Nations Liaison. His appointment was informed by his consistent desire to work…

FridayJul 12, 2024 2:09 pm

MiningNewsBreaks – Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF) Receives Final Court Approval for New GMIN Plan of Arrangement

Reunion Gold (TSX.V: RGD) (OTCQX: RGDFF), a leading gold explorer in the Guiana Shield, has received the final order from the Ontario Superior Court of Justice (Commercial List) approving the company’s previously announced plan of arrangement. According to the announcement, the company has formed a new entity and been incorporated; the new company will hold and manage the combined business of Reunion Gold and G Mining Ventures Corp. The transaction involves the new company acquiring all of the issued and outstanding common shares in the capital of Reunion Gold and all of the issued and outstanding common shares in the…

FridayJul 12, 2024 1:50 pm

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62) Upsizes, Closes Nonbrokered Private Placement

Trillion Energy (CSE: TCF) (OTCQB: TRLEF) (Frankfurt: Z62), a company focused on oil and natural-gas production for Europe and Türkiye, has upsized the nonbrokered private placement it announced previously. According to the company, the private placement will comprise up to 30 million units at a price of $0.09 per unit; the placement could result in an estimated $2.7 million in gross proceeds. In addition, Trillion Energy noted that it has closed the remaining tranches of the offering. “Each unit is comprised of one common share of the company and one share purchase warrant, with each warrant exercisable at a price…

FridayJul 12, 2024 1:00 pm

MiningNewsBreaks – GEMXX Corp. (GEMZ), Partner Positioned to Establish Footprint in Global Oil and Gas Market

GEMXX (OTC: GEMZ), a mine-to-market gold, gemstone and jewelry producer with global reach, recently entered a significant collaboration with Latin Energy Partners (“LEP”), an emerging leader and independent E&P company involved in the exploration of significant hydrocarbon reserves in Latin America. “GEMXX and LEP have defined the terms to jointly drill four test wells in a promising geological formation in a Latin American country. This partnership marks a landmark move for both companies in their oil exploration and development pursuits. The partnership particularly aligns with GEMXX’s long-term goals, with CEO Richard Clowater expressing his company’s eagerness to join forces with…

ThursdayJul 11, 2024 3:00 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Positioned as Standout Opportunity for Investors

McEwen Mining’s (NYSE: MUX) (TSX: MUX) share price has shown a remarkable gain of 62.1% over the last 12 weeks, indicating strong momentum and robust performance in the market. “This trend of sustained positive momentum over time is a key indicator of the stock’s potential for continued growth, making it an attractive option for those looking to capitalize on price strength… McEwan Mining’s financial health further supports its strong market position. With a current ratio of 1.37, MUX demonstrates its capability to meet short-term obligations, although its quick ratio of 0.58 suggests a tighter liquidity position when inventory is excluded.…

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