MiningNewsBreaks Archive - Page 99 of 137

FridayJan 13, 2023 12:47 pm

MiningNewsBreaks – Eloro Resources Ltd. (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Eyes Opportunity Following Recent Exploratory Work at Its Iska Iska Project

Eloro Resources’ (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) EVP of Exploration Bill Pearson was recently part of an interview on Business TV (“BTV”) where he expressed his optimism on the company’s prospects following its recent exploratory work at its Iska Iska project located in southern Bolivia. “[Pearson also simultaneously suggested] that the possibility that Eloro could potentially uncover a world-class, multimillion-ounce deposit of silver and tin within the Iska Iska project may not be far off from the realm of possibility. Over the past two years, Eloro Resources has drilled upwards of 102 holes and over 70,000 cumulative meters across…

FridayJan 13, 2023 10:40 am

MiningNewsBreaks – Thunder Energies Corp. (TNRG) Reports Nevada Mining Property Value

Thunder Energies (OTC: TNRG) has reported the fair market value assessment, issued by the engagement of Lane A. Griffin, a professional geologist, for the reserves of gold and other valuable minerals present at its Nevada mining property. The valuation is based on Griffin’s visits to the 3,200 acre parcel in northeast Nevada, nearby mining activity and reports, as well as rock sample results, independently examined, in which Sparks, Nevada-based American Assay conducted the rock analysis for Griffin. Thunder Energies has received a Griffin’s formal valuation report in addition to rock sample reports prepared by American Assay. Griffin places the value…

WednesdayJan 11, 2023 11:42 am

MiningNewsBreaks – Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) Stands Distinct in Mineral Exploration Space with Kay Mine Project

Arizona Metals (TSX: AMC) (OTCQX: AZMCF), a mineral exploration company focused on advancing precious and base metal deposits, has commenced its phase 3 expansion drill program in the flagship Kay Mine Project. The copper-gold-zinc-silver asset is located in Yavapai County on a combination of private land and BLM claims. “Arizona Metals prides itself on having unique features that distinguish the company in the market. The first quality is the Kay Mine Project’s grade and width. Next, it’s the mine’s polymetallic nature, which, at these grades and widths, gives the potential for significant metal output with a low footprint. This also…

WednesdayJan 04, 2023 10:37 am

MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Announces Integration of IPT Carbonation Process into Crawford Project

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF), a company focused on advancing the next generation of nickel-sulphide projects, today announced that its latest test work results support the incorporation of carbon capture and storage into the Crawford Project. According to the update, Canada Nickel’s In-Process Tailings (“IPT”) Carbonation process is a novel method for accelerated carbon capture and storage that the company believes has transformative potential. The latest test work confirms that existing process streams can be utilized for IPT Carbonation, which Canada Nickel believes should allow it to be timely and cost effectively engineered and incorporated into the flowsheet. “We…

WednesdayDec 28, 2022 3:10 pm

MiningNewsBreaks — Eloro Resources Ltd.’s (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) Investment Appeal Bolstered by Iska Iska Mine’s Potential, Strong Technical Expertise

Eloro Resources (TSX.V: ELO) (OTCQX: ELRRF) (FSE: P2QM) has emerged as one of the most promising mining companies in the Americas, boasting access to one of the largest, undeveloped mining tracts within Bolivia’s Potosi region. “Having signed a definitive option agreement on Iska Iska to acquire a 99% interest in the project, Eloro plans to undertake an exploration and development project designed to verify the feasibility of extracting minerals from the territory,” a recent article reads. “Eloro Resources’ potential has been increasingly commented on by the market and most recently by renowned mining analyst Brent Cook… During a recent appearance…

ThursdayDec 22, 2022 12:10 pm

MiningNewsBreaks — McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Releases Production Report, 2023 Guidance

McEwen Mining (NYSE: MUX) (TSX: MUX), a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina, is reporting on its October and November production as well as forecasting numbers for the remainder of the year; the company also released its guidance for 2023. According to the announcement, total production for October and November reached an estimated 26,700 gold equivalent ounces (“GEO”) with preliminary costs per ounce from McEwen’s 100%-owned operations of $826 for cash costs and $1,088 for all-in sustaining. The report noted that at San José Mine, costs per ounce for October and November were $1,361 for cash costs and $1,745 for all-in sustaining. The report…

MondayDec 19, 2022 1:14 pm

MiningNewsBreaks – Arizona Metals Corp.’s (TSX: AMC) (OTCQX: AZMCF) Kay Mine Distinct as Gold-Rich VMS Deposit

Arizona Metals (TSX: AMC) (OTCQX: AZMCF) has two projects, Kay Mine and Sugarloaf Peak, which are both located in prolific mining districts and have substantial historic resources that the company is aiming to bring current and expand upon. “Kay Mine is the flagship project in Yavapai County, covering 1,300 acres on a combination of patented and Bureau of Land Management (‘BLM’) claims. The project is 100% owned by Arizona Metals, not subject to any royalties, and is surrounded by 60 past-producing underground VMS (Volcanogenic Massive Sulphide) copper-gold-zinc-silver mines. VMS deposits are known to be rich in metals and often found…

MondayDec 19, 2022 12:41 pm

MiningNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Announces Near Surface, High Grade Results at ‘Stock Mill’s Doorstep’

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) today reported the latest exploration news from its Stock property. In the announcement, the company highlighted four priority areas that illustrate the potential to expand the gold resource base around the historic Stock mine. “We find the occurrence of near surface high grade at our Stock Mill’s doorstep very intriguing,” said EVP of Exploration Stephen McGibbon. “These initial results have mineable grades and widths, which are encouraging from an economic perspective as they compare favorably to the Stock mine’s historic grade of 5.5 g/t Au.” To view the full press release, visit https://ibn.fm/HLKyp…

MondayDec 19, 2022 12:25 pm

MiningNewsBreaks – Canada Nickel Company Inc. (TSX.V: CNC) (OTCQX: CNIKF) Announced Acquisition Deal, Releases Update on Texmont Drill Program

Canada Nickel (TSX.V: CNC) (OTCQX: CNIKF) has inked a deal to acquire a 100% interest in the Texmont property, which is located between the company’s Deloro and Sothman properties, south of Timmins, Ontario. The planned acquisition will provide potential for near-term, open-pit production from near-surface, high-grade mineralization at Texmont, as well as high-grade regional potential, which has already been demonstrated at Texmont, Sothman and Bannockburn. In addition, the company released an update with logging information from the first four holes in its ongoing drill program at Texmont. While noting that true widths are unknown at this point, the report indicated that the…

FridayDec 16, 2022 11:12 am

MiningNewsBreaks – Energy Fuels Inc. (NYSE American: UUUU) (TSX: EFR) to Contribute to Domestic Energy Security, Supply U308 to US Uranium Reserve

Energy Fuels (NYSE American: UUUU) (TSX: EFR), a leading U.S. producer of uranium and rare earth elements (“REE”), today announced that it has been awarded a contract to sell $18.5 million of natural uranium concentrates (“U3O8”) to the U.S. government for the establishment of a strategic “Uranium Reserve.” The U.S. National Nuclear Security Administration (“NNSA”), an office within the U.S. Department of Energy (“DOE”), is tasked with purchasing domestic U3O8 and conversion services for the Uranium Reserve, intended as a backup source of supply for domestic nuclear power plants in the event of a significant market disruption. “Energy Fuels is…

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