Melkior drills Carscallen gold project in Ontario
Melkior Resources (TSXV: MKR; US-OTC: MKRIF) has released results from two drill holes at the company’s wholly-owned Carscallen gold project in the Abitibi Greenstone belt, 3 km north of the…
Canada
Barrick reports strong Q1; withdraws guidance for Porgera
Barrick Gold (TSX: ABX; NYSE: GOLD) has withdrawn its 2020 guidance for its 47.5%-owned Porgera mine after placing it in temporary care and maintenance on April 27. Work was halted…
Moneta Porcupine expands gold mineralization at Golden Highway
Moneta Porcupine Mines (TSX: ME; US-OTC: MPUCF) has released results from a winter drill program at its wholly owned Golden Highway project, 110 km east of Timmins, Ontario. The project…
Brixton Metals drills bonanza-grade silver at Langis in Ontario
Brixton Metals (TSXV: BBB; US-OTC: BBBXF) has announced bonanza-grade silver assays from its wholly-owned Langis silver-cobalt project, 500 km north of Toronto in the Cobalt Camp area of eastern Ontario….
First Cobalt to produce battery grade cobalt by early 2021
First Cobalt (TSXV: FCC) expects to begin production of cobalt sulphate late this year or in early 2021, which would make it North America’s only primary producer of the key…
Marathon Gold raises $30M in bought deal
Marathon Gold (TSX: MOZ; US-OTC: MGDPF) has announced a $30 million (upsized from $26 million) bought deal. The net proceeds will be spent on permitting, development and exploration at its…
Great Bear drills ‘robust gold results’ at Dixie
Great Bear Resources (TSXV: GBR; US-OTC: GTBDF) has released drill results from its wholly owned 91.4-sq.-km Dixie gold property in Ontario. Of the 17 holes reported, highlights include hole BR-118,…
Balmoral makes high-grade gold discovery in Quebec
Balmoral Resources (TSX: BAR; US-OTC: BALMF) has made a new high-grade gold discovery at its wholly-owned Fenelon property. The property forms part of the company’s district-scale Detour Gold Trend project,…
TSX Venture rises, April 27-May 1: Probe Metals, Orford Mining, Bluebird Battery Metals
The S&P/TSX Venture Composite Index rose by 2.26%, or 10.45 points, to finish the trading week at 473.09, with gold finishing the week at US$1,702.90 per oz., a fall of…
Commentary: Gold hits turbulence amid coronavirus disruptions
A key result of the grip of the coronavirus is the severe disruption to the commodity markets on both sides of the supply chain. A major issue that has affected…
COVID-19 disrupts US$6.9B of global mining output, S&P Global says
COVID-19 has impacted the mining industry across the globe as governments enforce lockdowns and quarantines and companies halt operations because workers and contractors can’t get on-site due to restrictions. S&P…
Rockcliff makes nickel-PGE discovery at Tower property in Manitoba
Rockcliff Metals (CSE: RCLF) has announced a new high-grade nickel-PGE discovery at its wholly-owned Tower property, 600 metres south of the company’s high grade, copper-rich Tower deposit and 130 km…