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Abcourt Announces its Results for the Third Quarter ended March 31, 2024

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水曜日, 5月 29, 2024

Giant, Offering, Gold, Cartwright, Abitibi, Mining, Quarter, Bank statement, Engineering, Metallurgy, Sleeping Giant, Loss, TMX Group, TSX Venture Exchange

ROUYN-NORANDA, Quebec, May 29, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB : ABMBF) announces its results for the three months ended March 31, 2024.

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ROUYN-NORANDA, Quebec, May 29, 2024 (GLOBE NEWSWIRE) -- Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) (OTCQB : ABMBF) announces its results for the three months ended March 31, 2024.
Highlights for the Quarter ended March 31, 2024
Exploration work totaling $1,765,615 for the quarter, exploration expenses incurred mainly on the Sleeping Giant property for the underground drilling campaign for an amount of approximately $1,709,229.
As of March 31, 2024, approximately 2,200 tonnes of material remain to complete the processing of the bulk sampling of the Pershing-Manitou deposit.
Cash of $1,016,408 as of March 31, 2024, compared to $963,974 as of June 30, 2023.

NorthX Nickel Corp. Announces Closing of Non-Brokered Private Placement and Strategic Investment by Mason Resources Inc.

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火曜日, 5月 14, 2024

Strategic Investment by Mason Resources Inc. & Wallbridge Mining Pro Rata Participation

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Strategic Investment by Mason Resources Inc. & Wallbridge Mining Pro Rata Participation
Pursuant to the Offering, Mason Resources Inc. (TSXV: LLG) (OTCQX: MGPHF) ("Mason Resources") acquired 4,166,667 Units (the "Strategic Investment"), representing a 14.6% ownership interest in the Company's issued and outstanding Common Shares on a non-diluted basis and 25.5% on a partially diluted basis assuming the exercise in full of the Warrants issued to Mason Resources.
Mason Resources has agreed to restrict its exercise of any Warrants if doing so would result in Mason Resources owning or controlling more than 19.9% of the then issued and outstanding Common Shares.
In connection with the Strategic Investment, the Company entered into an investor rights agreement (the "IRA") with Mason Resources, pursuant to which Mason Resources has been granted certain rights in the event it maintains minimum ownership thresholds in the Company.
Simon Marcotte, newly appointed Executive Chairman, added: "Partnering with NorthX Nickel marks a pivotal step forward for Mason Resources.

Calibre Continues Strong Progress at the Fully Funded Valentine Gold Mine; Construction 64% Complete, Engineering 98% Complete, Operational Leadership Hired, Pre-Commissioning Underway, On Track For Q2 2025 Gold Production

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火曜日, 5月 14, 2024

Diamond, Gold, News, Abitibi, Leprechaun, OTCQX, Engineer, Engineering, Significance, CXB, Cost, Acquisition, Electricity, Geology, TSX, Labrador

All figures in Canadian Dollars (“C$”) unless otherwise stated.

Key Points:

All figures in Canadian Dollars (“C$”) unless otherwise stated.
With the first gold pour scheduled in Q2 2025, the delivery of Valentine is a paradigm shift for Calibre as we transition to a quality mid-tier gold producer unlocking significant value for all stakeholders.
With a C$279 million cost to complete as of April 30, 2024 and approximately C$400 million of cash and restricted cash, we are fully funded.
I am confident the Valentine gold property has district-scale potential, and we anticipate accelerating our exploration efforts in the near term.

Unifor denounces Rayonier's abandonment of Témiscaming and lack of response from Quebec government

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水曜日, 5月 8, 2024

QC, Contempt, Marketing, Rayonier Advanced Materials, Government, Abitibi, Unifor

Unifor strongly condemns RYAM's statement, describing the move as "totally devoid of any human consideration."

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Unifor strongly condemns RYAM's statement, describing the move as "totally devoid of any human consideration."
Daniel Cloutier, Unifor Quebec Director, unequivocally stated: "What we're seeing here is a company that's sacrificing the well-being of an entire community to prove its profitability to third parties.
Unifor is calling on RYAM to reconsider its decision and to maintain the integrity of the Témiscaming plant, an exceptional industrial site.
It is also adamant in its demand that the provincial government intervene immediately to save the jobs and communities affected by this crisis.

Osisko Announces Q1 2024 Geo Deliveries and Select Asset Updates

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月曜日, 4月 8, 2024

In addition, Osisko is excited to provide some select asset updates.

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In addition, Osisko is excited to provide some select asset updates.
Osisko earned 22,259 attributable gold equivalent ounces1 (“GEOs”) in the first quarter of 2024.
Osisko owns a 2% NSR royalty on the Ermitaño project and the Cumobabi property, including the Luna and Soledad Zones.
Osisko provides notice of the first quarter 2024 results and conference and webcast call details.

NMG Provides Commercial and Operational Update upon Filing 2023 Financial Reports: Significant Progress over the Year in Advancing North America’s Mine-to-Battery-Material Graphite Production

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木曜日, 3月 28, 2024

Leveraging this technological platform, over 4,200 samples were reviewed and prepared by the Company’s battery laboratory in 2023.

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Leveraging this technological platform, over 4,200 samples were reviewed and prepared by the Company’s battery laboratory in 2023.
NMG also signed a supply agreement with GM for 18,000 tpa of active anode material for an initial term of six years.
The Company maintains intensive commercial discussions and continued product qualification with other tier-1 battery manufacturers for the balance of its Phase-2 production.
Such measures reaffirm the importance of establishing a local, resilient, and ESG-compliant supply chain of graphite to support battery and EV production.

O3 Mining Initiates Drilling At The Ludovick Sector, Horizon Project

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水曜日, 3月 13, 2024

QA/QC, Abitibi, Horizon, Blake River Megacaldera Complex, Corporation, Formation, Gold, News, Horizon Project, Eagle, OIII, Oil

O3 Mining's President and Chief Executive Officer, Mr. José Vizquerra commented: "This exploration program at the Ludovick Sector in the Horizon Project represents an opportunity to follow up on historic auriferous drill intercepts along a six kilometres long segment of the Parfouru Fault corridor.

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O3 Mining's President and Chief Executive Officer, Mr. José Vizquerra commented: "This exploration program at the Ludovick Sector in the Horizon Project represents an opportunity to follow up on historic auriferous drill intercepts along a six kilometres long segment of the Parfouru Fault corridor.
Evidence of mineralization within the sedimentary basin clearly opens up promising exploration potential within the sector, beyond the Ludovick zone.
There has been minimal historical drilling conducted along the 6 km stretch of the Parfouru fault corridor contained within the Horizon property thus offering distinct exploration potential.
(OGQ #993), Principal Geologist of O3 Mining, who is a "qualified person" within the meaning of NI 43-101.

Eldorado Announces 2024 Detailed Production & Cost Guidance; Provides Four-Year Growth Profile

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木曜日, 2月 22, 2024

Total, Copper, Sigma, Zinc, MD, Growth, C6, Technical report, Plant, Kinetics, Triangle, Gold, Lead, Public expenditure, Montgolfier brothers, C7, Abitibi, Silver, Negotiation, AISC, Uranium mining

Gold production in 2024 is expected to be between 505,000 to 555,000 ounces, a 9% increase from 2023 gold production (based on the mid-point of the range).

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Gold production in 2024 is expected to be between 505,000 to 555,000 ounces, a 9% increase from 2023 gold production (based on the mid-point of the range).
Exploration and evaluation expenses are expected to be $27 to $30 million in 2024, with 65% expensed, and 35% capitalized.
In 2024, production guidance of 175,000 to 190,000 ounces at the Lamaque Complex is consistent with the previously guided range of 180,000 to 190,000 ounces.
Gold production of 675,000 to 735,000 ounces by 2027, resulting in growth of 45% over the four-year period from 2023 production and a compound annual growth rate of over 9%.

Callinex Announces Preliminary Magnetotelluric (MT) Geophysical Survey Results at the Pine Bay Project, Flin Flon Mining District, MB

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月曜日, 3月 4, 2024

VANCOUVER, BC, March 4, 2024 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce preliminary results from the recently announced magnetotelluric ("MT") geophysical survey on the Company's 100% owned Pine Bay Project (the "Project") located in the Flin Flon Mining District of Manitoba ( See news release dated January 29, 2024 ).

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VANCOUVER, BC, March 4, 2024 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce preliminary results from the recently announced magnetotelluric ("MT") geophysical survey on the Company's 100% owned Pine Bay Project (the "Project") located in the Flin Flon Mining District of Manitoba ( See news release dated January 29, 2024 ).
The Company has received preliminary results from the MT survey over the Pine Bay where a 1km line of MT data has been collected and processed ( Pine Bay Project Plan View with Proposed MT Survey Lines ).
Preliminary results from the MT survey have, to date, tightly defined the known Pine Bay deposit as well as the known Pine Bay horizon/structure that hosts the mineralization ( Preliminary Pine Bay MT Survey Data ).
The survey will cover 3km over each of the respective areas instead of the originally planned 1km survey lines.

Callinex Announces Magnetotelluric (MT) Geophysical Survey at the Pine Bay Project, Flin Flon Mining District, MB

Retrieved on:

月曜日, 1月 29, 2024

VANCOUVER, BC, Jan. 29, 2024 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that the Company is in the process of completing a magnetotelluric ("MT") geophysical survey on the Company's 100% owned Pine Bay Project (the "Project") located in the Flin Flon Mining District of Manitoba ( Pine Bay Project Plan View with Proposed MT Survey Lines ).

Key Points:

VANCOUVER, BC, Jan. 29, 2024 /PRNewswire/ - Callinex Mines Inc. (the "Company" or "Callinex") (TSXV: CNX) (OTCQX: CLLXF) is pleased to announce that the Company is in the process of completing a magnetotelluric ("MT") geophysical survey on the Company's 100% owned Pine Bay Project (the "Project") located in the Flin Flon Mining District of Manitoba ( Pine Bay Project Plan View with Proposed MT Survey Lines ).
The Company is in the early stages of completing an MT survey across the Rainbow, Pine Bay, Descendent, Alchemist deposits and target area Odin.
The first line of MT survey data has been collected across the known Pine Bay deposit and will soon be processed by Abitibi.
The number of deposits at Pine Bay are located within the Baker Patton Felsic Complex, one of the largest and most highly altered accumulations of felsic rocks within the Flin Flon Greenstone Belt.