Giant Mine

Olivut Resources Ltd. Announces Changes to The Board of Directors and Grant of Stock Options

Retrieved on: 
Wednesday, August 30, 2023
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TORONTO, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Olivut Resources Ltd. (“Olivut” or the “Company”) (TSXV:OLV) is pleased to announce the addition of Mr. Kenny Ruptash to the Board of Directors of the Corporation.

Key Points: 
  • TORONTO, Aug. 30, 2023 (GLOBE NEWSWIRE) -- Olivut Resources Ltd. (“Olivut” or the “Company”) (TSXV:OLV) is pleased to announce the addition of Mr. Kenny Ruptash to the Board of Directors of the Corporation.
  • His extensive experience has given him a deeper understanding of northern Canada while providing insight into the challenges and opportunities associated with extremely remote mining operations.
  • He is a second-term director of the Business Development Investment Corporation, a government lending facility that supports businesses in the NWT.
  • His extensive experience will be a significant asset and the Olivut team looks forward to working with him.

Parsons Reports Strong First Quarter 2023 Results

Retrieved on: 
Wednesday, May 3, 2023
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CENTREVILLE, Va., May 03, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the first quarter ended March 31, 2023.

Key Points: 
  • First quarter 2023 adjusted EBITDA including noncontrolling interests increased by $2.7 million, or 8%, compared to the prior year period.
  • Cash flow from operating activities: First quarter 2023: ($9) million compared to ($26) million in first quarter of 2022.
  • During the first quarter of 2023, the company won three single-award contracts worth more than $100 million each and several meaningful multiple-award IDIQ contracts.
  • Shortly after the first quarter ended, Parsons received three additional single-award contracts valued at more than $100 million each.

Parsons Reports Record Revenue and Adjusted EBITDA Results for the Fourth Quarter and Fiscal Year 2022

Retrieved on: 
Wednesday, February 15, 2023
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CENTREVILLE, Va., Feb. 15, 2023 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) today announced financial results for the fourth quarter and fiscal year ended December 31, 2022.

Key Points: 
  • Critical Infrastructure adjusted EBITDA including noncontrolling interests for the year ended December 31, 2022, increased by $7 million, or 5%, compared to $153 million.
  • Cash flow from operating activities: Fourth quarter 2022: $89 million.
  • The company’s net debt to trailing twelve-month adjusted EBITDA leverage ratio at the end of the fourth quarter of 2022 was below 1.4x.
  • The expected value of this program to Parsons is approximately $2 billion, of which the company booked $270 million in the fourth quarter.

Parsons Continues Long-Term Remediation of Canada’s Giant Mine

Retrieved on: 
Wednesday, February 8, 2023
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The implementation of the Giant Mine Remediation Project is estimated to take 15 years and will cost approximately $4.38 billion CAD.

Key Points: 
  • The implementation of the Giant Mine Remediation Project is estimated to take 15 years and will cost approximately $4.38 billion CAD.
  • Parsons first supported remediation efforts at Giant Mine site – one of the Canadian government’s largest environmental remediation projects – in 2013, deconstructing the roaster complex, with local Indigenous involvement.
  • “We are proud to continue helping CIRNAC meet the environmental stewardship challenges faced by the Giant Mine Remediation Project,” said Joe Cudney, senior vice president, Energy and Environment market for Parsons.
  • To learn more about Parsons’ management of the Giant Mine Remediation Project, visit https://giantminerp.ca/ .

Arctic Fox Minerals Corp. Announces New CEO

Retrieved on: 
Tuesday, September 20, 2022
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VANCOUVER, British Columbia, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Arctic Fox Minerals Corp. (CSE: FOXY) (theCompanyorArctic Fox) is pleased to announce the appointment of Robert Gietl as the new Chief Executive Officer (CEO) of the Company effective September 15, 2022.

Key Points: 
  • VANCOUVER, British Columbia, Sept. 20, 2022 (GLOBE NEWSWIRE) -- Arctic Fox Minerals Corp. (CSE: FOXY) (theCompanyorArctic Fox) is pleased to announce the appointment of Robert Gietl as the new Chief Executive Officer (CEO) of the Company effective September 15, 2022.
  • Management and Directors of Arctic Fox would like to take this opportunity to thank Mr. Lawson for his previous contributions as CEO and wish him all the best in his future endeavors.
  • Arctic Fox isaresource exploration company specialized in precious metals exploration in the Northwest Territories.
  • Arctic Foxis currently advancing the Uptown Gold Project 4 km outside of Yellowknife adjacent to the Giant Mine.

Sixty North Gold Development and Exploration Update and New Nickel Cobalt Discovery

Retrieved on: 
Tuesday, April 19, 2022
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New Discovery Mines Ltd is owned by Dr. Dave Webb and Gerry Hess and is the pending controlling shareholder of Sixty North Gold.

Key Points: 
  • New Discovery Mines Ltd is owned by Dr. Dave Webb and Gerry Hess and is the pending controlling shareholder of Sixty North Gold.
  • Their experience on the property and in other operations in the Northwest Territories is invaluable to Sixty North Gold as it continues to advance the Mon Gold Mine into production.
  • Dr. Dave Webb, President and CEO of Sixty North Gold, reports, "Gerry and I are pleased to move the Mon Property forward in a manner benefiting Company shareholders.
  • The elevated nickel, cobalt and PGM values have been known from several minor occurrences that have seen very little follow-up work.

Parsons Awarded Significant Contract to Continue Managing Faro Mine Remediation

Retrieved on: 
Wednesday, February 16, 2022
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CENTREVILLE, Va., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been awarded a contract to provide main construction management and care & maintenance (MCM-C&M) services at Faro Mine in Faro, Yukon, Canada.

Key Points: 
  • CENTREVILLE, Va., Feb. 16, 2022 (GLOBE NEWSWIRE) -- Parsons Corporation (NYSE: PSN) announced today that the company has been awarded a contract to provide main construction management and care & maintenance (MCM-C&M) services at Faro Mine in Faro, Yukon, Canada.
  • Once the worlds largest open pit lead-zinc mine, the Faro Mine Remediation Project is one of the largest and most complex abandoned mine clean-up projects in Canada.
  • Parsons has supported the Government of Canada, Yukon Government, First Nations, and the Town of Faro in remediating the site since 2016.
  • Parsons will also continue to be responsible for the care and maintenance of the site.

Sixty North Gold Commences Construction of the Winter Road to the Mon Gold Mine, Yellowknife Gold Belt, NWT

Retrieved on: 
Monday, January 24, 2022
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This represents approximately 18 km of the 45 km road to the Mon Gold Mine.

Key Points: 
  • This represents approximately 18 km of the 45 km road to the Mon Gold Mine.
  • The construction of the balance of the road to the mine will be completed over the next several weeks.
  • Continuous monitoring of ice thickness will occur and once deemed adequate, transportation of supplies to the mine will commence.
  • We also wish to report that we are still awaiting receipt of the analytical results from last year's underground program.

Rover Metals Announces Phase 2 Exploration Drilling Now Complete at Up Town Gold Project, NWT, Canada

Retrieved on: 
Monday, November 22, 2021
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VANCOUVER, British Columbia, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (Rover or the Company) is pleased to announce that Phase 2 Exploration Drilling is now complete at the Up Town Gold project , NWT, Canada (60th parallel).

Key Points: 
  • VANCOUVER, British Columbia, Nov. 22, 2021 (GLOBE NEWSWIRE) -- Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FRA:4X0) (Rover or the Company) is pleased to announce that Phase 2 Exploration Drilling is now complete at the Up Town Gold project , NWT, Canada (60th parallel).
  • The Up Town Gold project is located on the outskirts of city limits of the city of Yellowknife.
  • Mineralization at the Up Town Gold property is granitoid-hosted and belongs to the class of Archean granitoid-hosted lode gold deposits.
  • The Company commenced Phase 2 Exploration at its 100% owned Cabin Gold Project in the summer of 2021, and exploration work continues at Cabin Gold through to the date of this release.

Sixty North Gold Intersects the A-Zone Vein 17 m Below High-Grade West Stope as Planned at the Mon Gold Mine, Yellowknife Gold Belt, NWT

Retrieved on: 
Friday, October 29, 2021
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The Company opened the North Portal and rehabilitated 125 meters (m), of ramp, exposing three sections of the high-grade A-Zone vein.

Key Points: 
  • The Company opened the North Portal and rehabilitated 125 meters (m), of ramp, exposing three sections of the high-grade A-Zone vein.
  • One exposure is 17 m below the West Stope, and the other exposures are 30 to 57 m north of the West Stope (see attached maps).
  • Visible gold, together with the favourable suite of pathfinder sulphides have been observed in samples collected for assay and metallurgical testing.
  • A second vein exposure is located 30 meters north of the first exposure where a 1.5 m quartz vein is exposed for 8 m in a subdrift at elevation 229 mAMSL (sill elevation of West Stope).