MiningNewsBreaks Archive - Page 47 of 128

ThursdayAug 22, 2024 10:57 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Release Update on Storm Cooper Project Drilling

Aston Bay (TSX.V: BAY) (OTCQB: ATBHF), a publicly traded mineral exploration company exploring for high-grade copper and gold deposits in Virginia and Nunavut, Canada, is reporting on the drilling activities at the Storm Copper Project on Somerset Island, Nunavut. The exploration program is being conducted by American West Metals Limited. According to the update, the diamond drilling now intersects new zones of copper at depth as the deep search EM survey identifies a 1,300 meter by 500 meter anomaly for drill testing. Highlights of the drilling include a continued 100% hit rate for the deep diamond drilling with thick intervals…

TuesdayAug 20, 2024 12:26 pm

MiningNewsBreaks – Renforth Resources Inc. (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) Shares Update on Completed, Upcoming Exploration Activities

Renforth Resources (CSE: RFR) (OTCQB: RFHRF) (FSE: 9RR) today updated shareholders on the completed summer exploration activities and those set to begin on its wholly owned Malartic Metals Package (“MMP”) property and its wholly owned Parbec gold deposit, both located in Malartic, Quebec. According to the update, work at the MMP property has identified the Victoria polymetallic system, extending from the surface to a drilled depth of approximately 200m, and led to the discovery of the Beaupré copper/silver zone, containing chalcopyrite, bornite and silver on the surface over approximately 175m in length. In addition, Renforth has completed an initial soil sampling…

TuesdayAug 20, 2024 10:38 am

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Closes on Acquisition of Timberline Resources

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, has closed on the acquisition of the Timberline Resources Corporation (TSX.V: TBR) (OTCQB: TLRS). The transaction, which was overwhelmingly approved by Timberline shareholders during an Aug. 16, 2024, special meeting, involved the acquisition of all issued and outstanding common shares of Timberline through a merger between Timberline and a wholly owned subsidiary of McEwen Mining. “We are pleased to bring Timberline’s assets into McEwen Mining and offer a warm welcome to its shareowners,” said McEwen Mining chair and chief owner Rob McEwen…

ThursdayAug 15, 2024 1:53 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF), American West Metals Report ‘Excellent Results’ from Ongoing Drilling at Storm 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, and American West Metals Limited today provided an update on drilling activities at the Storm Copper Project on Somerset Island, Nunavut. According to the update, the resource delineation program is on track with multiple high-grade copper intervals confirmed by assays at the Cyclone and Chinook Deposits. Additionally, the drill program continues to achieve milestones; a total of 100 Reverse Circulation (“RC”) drill holes and 12 diamond drill holes totaling over 15,500 meters have been completed at…

WednesdayAug 14, 2024 2:51 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) CEO Showcases Strategic Approach to Industry

McEwen Mining (NYSE: MUX) (TSX: MUX) is an asset-rich diversified gold and silver producer in the Americas. McEwen CEO Rob McEwen recently spoke at the NYC SME’s 9th Annual Current Trends in Mining Finance Conference, where he emphasized the crucial importance of the mining industry to modern civilization and outlined a strategic approach to improving its public perception. “The central theme of McEwen’s speech was the urgent need to alter the public’s negative perception of the mining industry. This change, he argued, could be achieved by showcasing the industry’s essential contributions to daily life and modern technologies, particularly those aimed…

WednesdayAug 14, 2024 11:20 am

MiningNewsBreaks – Trillion Energy International Inc. (CSE: TCF) (OTCQB: TRLEF) Provides Production Update for SASB Gas Field

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 a production update for the SASB gas field. According to the update, successful production and completion of 4 workovers at Guluc-2, South Akcakoca-2, West Akcakoca-1, and Akcakoca-3 wells on the Akcakoca Platform marks a major milestone in the company’s strategic perforation program, increasing gas production capacity at the Black Sea asset. Gas production from the Akcakoca Platform has averaged 4.6 MMcf/d since the perforation program concluded. The update noted that the SASB revitalization…

WednesdayAug 14, 2024 11:02 am

MiningNewsBreaks – Torr Metals Inc. (TSXV: TMET) Appoints Global Mining Sector Veteran to the Board of Directors

Torr Metals (TSX.V: TMET), a Vancouver-based mineral exploration company, today announced the appointment of Mr. Gordon Maxwell, P.Geo, as a new member of its Board of Directors. Gordon is a highly distinguished B.Sc. Hon. Geologist from the University of Manitoba with nearly four decades of experience across the global mining sector, holding significant leadership roles at Noranda Exploration, Xstrata, and Glencore. In addition, his contributions to the Canadian mining industry have earned him prestigious industry accolades. “We are thrilled to welcome Gordon to Torr Metals. With his wealth of knowledge in the regions and mineralizing systems central to our project,…

TuesdayAug 13, 2024 2:53 pm

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Announces Confirmation of Potential Commercial Grade Direct Shipping Products at Storm

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 confirmed potential commercial grade Direct Shipping Products (“DSPs”) at the Storm Project on Somerset Island, Nunavut. This followed a successful metallurgical study and test work program, with DSP processing test work completed on each of the Cyclone and Chinook Deposits. American West Metals Limited is conducting the studies and exploration program. According to the announcement, this test work confirmed that the Cyclone and Chinook copper mineralization is amenable to upgrading and that high recoveries can…

FridayAug 09, 2024 1:27 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Comments on Argentine Legislation, Mining Transaction and Los Azules Infill Drilling

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is sharing updates regarding the current mining situation in Argentina. Calling the situation “exciting,” MUX noted that Argentine president Javier Milei had introduced new legislation encouraging large domestic and foreign investments in the country. The company observed that it is excited about the legislation because it opens the door for many infrastructure investments in the country and has potential to significantly improve the economics of the Los Azules project while lowering risks for investors. The company also noted that the world’s…

ThursdayAug 08, 2024 12:09 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Q2, H1 2024 Financial Results Report

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on its second-quarter and half-year 2024 results for the period ended June 30, 2024. The report showed stronger financial results, improved liquidity and capital resource, and steady gold and silver production. The company will be hosting a conference call and webcast today to discuss the report. The call is slated to begin at 11 a.m. EDT. The call will also include time for questions and answers, with those on the call able to ask questions directly over the phone.…

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