MiningNewsBreaks Archive - Page 51 of 126

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…

TuesdayMay 21, 2024 11:54 am

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

Emperor Metals (CSE: AUOZ) (OTCQB: EMAUF) (FSE: 9NH) today announced that it has mobilized a drill rig for its 2024 exploration program at the Duquesne West Gold Project in Quebec. According to the announcement, the 8,000 m drill program is set to commence by mid-May to follow up on the results of Emperor’s initial 2023 drill campaign. “We are very excited to resume drilling at Duquesne West Gold Project and continue our success in 2024,” said Emperor Metals CEO John Florek. “2023 was a transformative year for the company with the revelation of a significant open pit concept above a…

TuesdayMay 21, 2024 11:01 am

MiningNewsBreaks – Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Provides Update Indicating Successful Drilling at 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, is providing an update regarding drilling activities at its Storm Copper Project, located on Somerset Island, Nunavut. According to the announcement, successful exploration indicates potential for “rapid and significant expansion,” and the operator of the project, America West Metals Limited, has completed the necessary expenditures to earn an undivided 80% interest in the project. Specifically, the report noted that 2024 reverse circulation (“RC”) drilling has delivered immediate success in intersecting thick new zones of…

MondayMay 20, 2024 1:56 pm

MiningNewsBreaks – Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) to Participate at Upcoming Clean Energy & Precious Metals Hybrid Investor Conference

Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), focused on the exploration for nickel, cobalt and copper in north-central Saskatchewan, will be spotlighted at this month’s Clean Energy & Precious Metals Hybrid Investor Conference. The company announced that CEO Ian Fraser will be presenting live at the May 23 event; Fraser’s presentation is slated to begin at 11:45 a.m. ET. Fraser will also be available for one-on-one meetings with throughout the event, which is hosted by VirtualInvestorConferences.com. An archived webcast or the presentation will also be made available after the event. To view the presentation, visit https://ibn.fm/2MgBr To view the full…

FridayMay 17, 2024 11:32 am

MiningNewsBreaks – Mammoth Resources Corp. (TSX.V: MTH) Releases Report Identifying Mexico-Based Tenoriba Property as Target for Further Exploration

Mammoth Resources Corp. (TSX.V: MTH), a precious-metal, mineral exploration company focused on acquiring and defining precious metal resources in Mexico and other attractive mining friendly jurisdictions in the Americas, is reporting results from an internal study conducted by company geologists. According to the report, the study indicated that Mammoth’s wholly owned Tenoriba gold-silver exploration property in Mexico’s Sierra Madre precious metal belt has been identified a target for further exploration. The study focused on evaluating the range of the quantity and grade of the exploration target among mixed oxidized-sulfide/transition zone mineralization and sulfide hosted gold-silver mineralization and also explains…

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