Mining

Sabina Gold & Silver Finalizes Lump Sum Bid Agreement for Physical Plant Construction

Retrieved on: 
Thursday, January 12, 2023

VANCOUVER, British Columbia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Sabina Gold & Silver Corp. (“Sabina”) or (the “Company”) (SBB – TSX/ SGSVF - OTCQX) is pleased to announce it has finalized the lump sum contract with a northern constructor to build the process plant and ancillary buildings at its Goose Mine on its 100% owned Back River Gold District in Nunavut, Canada. The Goose Mine is the Company’s first mine on the 80 km long Back River Gold District, a multi-generational mining district with a demonstrated high-grade world class gold endowment.

Key Points: 
  • The Goose Mine is the Company’s first mine on the 80 km long Back River Gold District, a multi-generational mining district with a demonstrated high-grade world class gold endowment.
  • CGT Industrial (“CGT”)  is composed of Clark Builders, Gisborne Industrial Construction Ltd. and PTW Energy Services, leaders in their respective fields of construction including concrete, buildings, mechanical and electrical services.
  • Additional scope has been added to the original bid proposal which includes the power plant and the Port fuel farm.
  • CGT’s experience in Northern plant construction de-risks the execution of the Project and provides a higher degree of certainty to the associated costs.

Surge Copper Announces Upsize of Private Placement to $3.9 million

Retrieved on: 
Thursday, January 12, 2023

Vancouver, British Columbia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG) (OTCQX: SRGXF) (Frankfurt: G6D2) (“Surge” or the “Company”) announces an upsize to its previously announced non-brokered private placement, announced on January 10, 2023, from approximately $1.25 million to approximately $3.9 million (the “Offering”).

Key Points: 
  • Not for distribution to U.S. newswire services or dissemination in the United States
    Vancouver, British Columbia, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Surge Copper Corp. (TSXV: SURG ) (OTCQX: SRGXF ) (Frankfurt: G6D2 ) (“Surge” or the “Company”) announces an upsize to its previously announced non-brokered private placement, announced on January 10, 2023, from approximately $1.25 million to approximately $3.9 million (the “Offering”).
  • Each Unit will comprise one common share and one-half of one transferrable common share purchase warrant (each whole such common share purchase warrant, a “Warrant”).
  • Each Charity FT Unit will consist of one charity flow-through common share and one-half of one Warrant to be issued on a non-flow-through basis.
  • Each Warrant shall be exercisable into one additional common share for twelve months from closing at an exercise price of C$0.20 per Warrant.

InvestmentPitch Media Video Discusses Ximen Mining’s Conceptual Mine Model & Underground Exploration Plan for its 100% Owned Brett Epithermal Gold Project near Vernon B.C.

Retrieved on: 
Thursday, January 12, 2023

If these links are not enabled, please visit www.InvestmentPitch.com and enter “Ximen” in the search box.

Key Points: 
  • If these links are not enabled, please visit www.InvestmentPitch.com and enter “Ximen” in the search box.
  • The new mine development will provide access for underground drilling and explore the Main Zone to the northwest.
  • This development will follow the Main Zone and provide points from which to test parallel structures by underground diamond drilling.
  • In addition to the Brett Epithermal Gold Project and the Kenville Gold Mine, Ximen also owns the Treasure Mountain Silver Project adjacent to the past producing Huldra Silver Mine.

Radisson announces Town Hall Forum – January 18th, 2023

Retrieved on: 
Thursday, January 12, 2023

ROUYN-NORANDA, Quebec, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company") (“Radisson” or the “Company") is pleased to announce that it will host a live VID Town Hall Forum on January 18th, 2023 at 11:00 am EST.

Key Points: 
  • ROUYN-NORANDA, Quebec, Jan. 12, 2023 (GLOBE NEWSWIRE) -- Radisson Mining Resources Inc. (TSX-V: RDS, OTC: RMRDF): (“Radisson” or the “Company") (“Radisson” or the “Company") is pleased to announce that it will host a live VID Town Hall Forum on January 18th, 2023 at 11:00 am EST.
  • Interim President and CEO Denis V. Lachance and CFO Hubert Parent-Bouchard will provide shareholders and interested stakeholders an update on the company.
  • Management will be available to answer any questions that shareholders may have following the Town Hall Forum during a live Q&A session.
  • To register for the Town Hall Forum, please click here .

Endeavour Silver Provides 2023 Guidance; Production expected at 5.7 – 6.3 Million oz Silver and 36,000 – 40,000 oz Gold for 8.6 – 9.5 Million oz Silver Equivalent ¹

Retrieved on: 
Thursday, January 12, 2023

The El Curso concessions were leased from a third party with no upfront costs, but with significant royalty payments on production.

Key Points: 
  • The El Curso concessions were leased from a third party with no upfront costs, but with significant royalty payments on production.
  • Compared to 2022, mine grades are expected to remain elevated and recoveries are anticipated to be similar in 2023.
  • 2023 cash costs, net of gold by-product credits, are expected to be $10.00-$11.00 per oz of silver produced.
  • Consolidated cash costs on a co-product basis2 are anticipated to be $13.00-$14.00 per oz silver and $1,100-$1,200 per oz gold.

Discovery Announces 2023 Work Program & Budget for Cordero

Retrieved on: 
Thursday, January 12, 2023

Process design – the process design for the FS will incorporate the additional comminution testwork to be completed in 2023.

Key Points: 
  • Process design – the process design for the FS will incorporate the additional comminution testwork to be completed in 2023.
  • Additional work will evaluate alternative flotation technologies, including Jameson Cells, as well as further optimization of thickening and filtration systems.
  • Follow-up work on pit slope analysis is expected to be limited in scope given the detailed geotechnical work completed to date.
  • Cordero Deep Skarn – drilling in 2022 encountered strong skarn alteration that returned mineralized intervals at depth in the northeast of the Cordero deposit.

WEST MINING DRILLS 9.6 g/t GOLD OVER 2m AT KENA PROJECT, BC

Retrieved on: 
Thursday, January 12, 2023

Gold in the resource area occurs in strongly silicified shoots surrounded by broad envelopes of consistent disseminated gold mineralization.

Key Points: 
  • Gold in the resource area occurs in strongly silicified shoots surrounded by broad envelopes of consistent disseminated gold mineralization.
  • As anticipated broader zones of disseminated gold mineralization were encountered, such as 41.9 metres averaging 0.64 g/t gold in hole GM22-06.
  • Along with the disseminated mineralization, several 2 metre samples returned > 1 g/t gold, most notably in hole GM22-09 with samples of 8.04 g/t and 9.63 g/t gold.
  • These results indicate continued expansion of the gold mineralization to the west and north of the gold resource.

Proactive news headlines including Euro Manganese, Strickland Metals, Golden Deeps and Marvel Gold

Retrieved on: 
Thursday, January 12, 2023

Click here

Key Points: 
  • Click here
    Golden Deeps Ltd (ASX:GED) has produced high-grade battery metal concentrates in metallurgical test work on samples from the Abenab Vanadium-Lead-Zinc Project in Namibia.
  • Click here
    Marvel Gold Ltd (ASX:MVL) has demonstrated the potential for along-strike continuity of gold mineralisation at the Solona prospect within the Yanfolila Gold Project joint venture in southern Mali.
  • Click here
    Eclipse Metals Ltd (ASX:EPM) has strengthened its reach into Europe by commencing trading on Germany’s Tradegate Exchange under the ticker 9EU.
  • Click here
    Flynn Gold Ltd (ASX:FG1) has extended the closing date for its non-renounceable entitlement offer by two weeks.

VERACITY MANAGEMENT GLOBAL, INC. Purchases a 100 Percent Interest in Prospector Portal, Inc.

Retrieved on: 
Wednesday, January 11, 2023

DENVER, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Veracity Management Global, Inc. (OTCQB: VCMG) announced the Company successfully completed the acquisition of Prospector Portal, Inc. on Jan. 10, 2023.

Key Points: 
  • DENVER, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Veracity Management Global, Inc. (OTCQB: VCMG) announced the Company successfully completed the acquisition of Prospector Portal, Inc. on Jan. 10, 2023.
  • The agreement has an effective date of Dec. 31, 2022.
  • The agreement calls for Veracity Management Global, Inc. to exchange 24,275,754 of its shares with Analog Holdings, Inc. for their 100% ownership of Prospector Portal, Inc.
  • The exchange of these shares represents a 75.21% ownership of Veracity Management Global, Inc. held by Analog Holding, Inc. after the acquisition and exchange.

Barrick Broadens Copper Base in Saudi Arabia

Retrieved on: 
Wednesday, January 11, 2023

RIYADH, Saudi Arabia, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today signed new joint venture agreements with Ma’aden for two prospective exploration projects comprising the Jabal Sayid South and Umm Ad Damar license areas.

Key Points: 
  • RIYADH, Saudi Arabia, Jan. 11, 2023 (GLOBE NEWSWIRE) -- Barrick Gold Corporation (NYSE:GOLD)(TSX:ABX) today signed new joint venture agreements with Ma’aden for two prospective exploration projects comprising the Jabal Sayid South and Umm Ad Damar license areas.
  • These new prospective joint ventures significantly expand Barrick’s exploration footprint in Saudi Arabia, grow the Ma’aden Barrick partnership and open up potential synergies with the neighboring Jabal Sayid mine, an already successful 50/50 joint venture between Barrick and Ma’aden.
  • Speaking at the signing ceremony, Barrick president and chief executive Mark Bristow said the company would bring its record of exploration and operational success to the new projects.
  • “Recent high-grade intercepts from underground drilling within the existing Jabal Sayid mine are demonstrating potential for further orebody extensions.