Gold

Recommissioning Starts as Porgera Prepares to Resume Operations in Q1 2024

Retrieved on: 
Friday, December 22, 2023

TORONTO, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD) (TSX:ABX) – Following the formal completion of the Porgera Project Commencement Agreement today, work has started on the recommissioning of the Porgera gold mine in Papua New Guinea, which has been in care and maintenance since April 2020. This work is expected to be completed over the next few weeks, paving the way for mining and processing to restart in the first quarter of 2024.

Key Points: 
  • A Tier One Gold Asset is an asset with a $1,300/oz reserve potential to deliver a minimum 10-year life, annual production of at least 500,000 ounces of gold and with all-in sustaining costs per ounce in the lower half of the industry cost curve.
  • Certain information contained or incorporated by reference in this press release, including any information as to our strategy, projects, plans or future financial or operating performance, constitutes “forward-looking statements”.
  • All statements, other than statements of historical fact, are forward-looking statements.
  • The words “set”, “expect”, “follows”, “potential”, “secure”, “steer”, “will”, “create”, “project”, “look forward” and similar expressions identify forward-looking statements.

Marathon Gold Receives Interim Order and Intends to Mail and File Special Meeting Materials Today In Connection with its Proposed Combination with Calibre Mining

Retrieved on: 
Friday, December 22, 2023

The purpose of the Marathon Meeting is to seek approval of the Marathon Shareholders in respect of the Arrangement.

Key Points: 
  • The purpose of the Marathon Meeting is to seek approval of the Marathon Shareholders in respect of the Arrangement.
  • Materials for the Marathon Meeting, including the Circular, will be available on SEDAR+ at www.sedarplus.ca and on the Company's website at www.marathon-gold.com later today.
  • The Interim Order authorizes Marathon to proceed with various matters, including the holding of the Marathon Meeting to consider and vote on the proposed Arrangement.
  • As a Marathon Shareholder, it is very important that you read the Circular and related materials with respect to the Marathon Meeting carefully and then vote your Marathon Shares.

Calibre Intends to Mail and File the Special Meeting Materials Today In Connection with the Proposed Combination with Marathon

Retrieved on: 
Friday, December 22, 2023

VANCOUVER, British Columbia, Dec. 22, 2023 (GLOBE NEWSWIRE) -- Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (“Calibre” or the “Company”) is pleased to announce that the Company intends to file and mail its management information circular dated December 11, 2023 (the “Circular”) and related meeting and proxy materials today in connection with the virtual-only special meeting (the “Meeting”) of holders (the “Calibre Shareholders”) of common shares of Calibre (the “Calibre Shares”) scheduled to be held on January 16, 2024. The purpose of the Meeting is to seek approval for (i) the issuance of Calibre Shares as consideration in connection with a plan of arrangement under the Canada Business Corporations Act (the “Transaction”) whereby Calibre will acquire all of the issued and outstanding common shares of Marathon Gold Corporation (“Marathon”) it does not already own; and (ii) an amendment to increase the maximum number of Calibre Shares that may be reserved and set aside for issuance under Calibre’s amended and restated long-term incentive plan (the “LTIP Amendment”), which amendment will be implemented only upon the completion of the Transaction.

Key Points: 
  • High-margin, cash flow focused, mid-tier gold producer in the Americas1 expected to produce on average 500 koz (2025 – 2026E average) of gold per year.
  • Pursuant to the arrangement agreement dated November 12, 2023 between Calibre and Marathon, holders (“Marathon Shareholders”) of common shares of Marathon (“Marathon Shares”) (other than dissenting shareholders and Calibre) will receive 0.6164 of a Calibre Share for each Marathon Share held.
  • As a Calibre Shareholder, it is very important that you read the Circular and related materials with respect to the Meeting carefully and then vote your Calibre Shares.
  • As the Meeting will be in virtual only format, registered and non-registered Calibre Shareholders will not be able to attend in person.

Globex Sells Eight Advanced Gold Exploration Assets to O3 Mining

Retrieved on: 
Friday, December 22, 2023

The Cameron and Manon properties straddle the Cameron Lake Fault which localizes the Flordin Gold Deposit directly adjoining to the west and the Discovery Gold Deposit north-westward beyond the Flordin Gold Deposit.

Key Points: 
  • The Cameron and Manon properties straddle the Cameron Lake Fault which localizes the Flordin Gold Deposit directly adjoining to the west and the Discovery Gold Deposit north-westward beyond the Flordin Gold Deposit.
  • Under the purchase and sale agreement, O3 paid $2,000,000 to Globex at closing, consisting of $150,000 in cash and 1,185,897 common shares of O3.
  • Globex is pleased to have concluded this transaction with O3, which is in Globex’s view a well-managed and financed corporation with advanced gold assets in the Val-d’Or, Québec mining camp, including a number of gold deposits.
  • O3’s geological expertise in gold exploration and large land package of advanced gold assets in the Val-d’Or mining camp are two of the reasons Globex is pleased to have vended its claims to O3 and accepted the bulk of the purchase price in O3 shares.

Exploration Status Update

Retrieved on: 
Thursday, December 21, 2023

VANCOUVER, British Columbia, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on current exploration programs and proposed 2024 drilling programs across its Western Australian and Victorian gold portfolio.

Key Points: 
  • Initial two diamond drill holes from ongoing six-hole 2,300 m program completed as planned at Belltopper Gold Project in Victoria.
  • VANCOUVER, British Columbia, Dec. 21, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to provide an update on current exploration programs and proposed 2024 drilling programs across its Western Australian and Victorian gold portfolio.
  • Balla Balla is an emerging exploration project covering an area over 1,200 sq km, located in the northwestern Pilbara (Figure 4).
  • Tenement E47/4923 has been recently granted, and overall discussions with Native Title partners are progressing, further enabling access for exploration programs in 2024.

ENT and Allergy Associates, LLP Strengthens Commitment to Excellence Welcomes Otolaryngologist Guy Talmor, M.D. to West Nyack, NY Office

Retrieved on: 
Thursday, December 21, 2023

With this goal in mind, ENTA is pleased to announce the addition of Rutgers-trained otolaryngologist, Guy Talmor, M.D., to its West Nyack, NY clinical site, effective August 1st, 2024.

Key Points: 
  • With this goal in mind, ENTA is pleased to announce the addition of Rutgers-trained otolaryngologist, Guy Talmor, M.D., to its West Nyack, NY clinical site, effective August 1st, 2024.
  • Dr. Talmor earned his Bachelor of Science degree in physiology and neuroscience from the University of California at San Diego.
  • He went on to receive his medical degree from the prestigious Keck School of Medicine of University of Southern California, graduating summa cum laude.
  • Dr. Talmor will complete his ENT residency at Rutgers New Jersey Medical School in June 2024.

Rio2 Secures Environmental Approval for Fenix Gold Project

Retrieved on: 
Wednesday, December 20, 2023

VANCOUVER, British Columbia, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) reports that its wholly owned Chilean subsidiary, Fenix Gold Limitada, has been successful in being granted approval of its Environmental Impact Assessment (“EIA”) for the construction and operation of its Fenix Gold Project (“Fenix Gold” or “the Project”) located in the Atacama region of Chile.

Key Points: 
  • VANCOUVER, British Columbia, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Rio2 Limited (“Rio2” or the “Company”) (TSXV: RIO; OTCQX: RIOFF; BVL: RIO) reports that its wholly owned Chilean subsidiary, Fenix Gold Limitada, has been successful in being granted approval of its Environmental Impact Assessment (“EIA”) for the construction and operation of its Fenix Gold Project (“Fenix Gold” or “the Project”) located in the Atacama region of Chile.
  • Rio2 welcomes the decision in Chile by the Committee of Ministers to approve the EIA for the Fenix Gold Project, which now allows the Company to advance the Project through statutory permitting, financing, and the currently planned recommencement of construction activities during 2024.
  • Alex Black, Executive Chairman, stated: “Finally, after many months of patiently waiting, we welcome the decision of the Committee of Ministers to support our advancement of the Fenix Gold Project.
  • The Project is an example of modern gold mining where a full complement of technical, environmental, and social considerations has been consulted on and designed in from the outset.

Applied Systems Closes the Year Strong With Company Recognition for Commitment to Customer Success and Innovation

Retrieved on: 
Wednesday, December 20, 2023

Insurance Business America recognized Applied Systems as a 2023 5-Star Technology and Software Provider for enabling efficient and cost-effective operations for agents and brokers.

Key Points: 
  • Insurance Business America recognized Applied Systems as a 2023 5-Star Technology and Software Provider for enabling efficient and cost-effective operations for agents and brokers.
  • At the end of the research period, 20 insurtech software providers were named 5-Star Insurance Technology Providers award winners.
  • PropertyCasualty360 recognized Applied in October as part of its Insurance Luminaries Class of 2023 in the category of Workplace Culture Innovation.
  • Applied was named the winner of a Bronze Stevie® Award for Company of the Year in the Large-Sized Computer Software category.

Sale of Nullagine Gold Project to Calidus Resources

Retrieved on: 
Wednesday, December 20, 2023

Calidus has assumed all obligations, royalties, claims and liabilities relating to the Nullagine Gold Project, including the rehabilitation liability.

Key Points: 
  • Calidus has assumed all obligations, royalties, claims and liabilities relating to the Nullagine Gold Project, including the rehabilitation liability.
  • Novo’s Nullagine Gold Project was a non-core asset and its disposal was foreshadowed in the Company’s ASX IPO prospectus.
  • The sale of the Nullagine Gold Project is another key step in the Company’s pursuit of identifying and delivering prospective standalone gold projects with +1 Moz development potential.
  • The sale occurred pursuant to:
    an asset sale agreement under which Calidus agreed to acquire additional tenements and assets in the broader Mosquito Creek Basin (from Novo subsidiaries Beatons Creek Gold Pty Ltd, Nullagine Gold Pty Ltd and Rocklea Gold Pty Ltd).

Liatam Mining Makes Investment in Novo and Quartz Hill Joint Venture Formed

Retrieved on: 
Wednesday, December 20, 2023

VANCOUVER, British Columbia, Dec. 20, 2023 (GLOBE NEWSWIRE) -- Novo Resources Corp. (Novo or the Company) (ASX: NVO) (TSX: NVO & NVO.WT.A) (OTCQX: NSRPF) is pleased to announce an update to the Quartz Hill Project earn-in agreement with Liatam and also an additional investment by Liatam in Novo of A$1.8 million.

Key Points: 
  • Liatam has exceeded the required spend of A$1.75 million to form the 80%/20% Quartz Hill Joint Venture with Novo in the East Pilbara, Western Australia.
  • Liatam has acquired legal title to the tenements included in the Quartz Hill Joint Venture and becomes the manager of the joint venture, with Novo retaining 20% ownership of battery mineral rights along with 100% of the gold and silver rights on the tenements.
  • The Quartz Hill Joint Venture tenements are considered prospective for lithium-caesium-tantalum (LCT) style pegmatite mineralisation.
  • Following completion of the earn-in requirement, the 80%/20% Quartz Hill Joint Venture (JV) between Liatam and Novo has now been formed.