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Mining News - Seabridge ramps up exploration at 3 Aces
Thu, 25 May 2023 14:18:00 GMT
Seabridge Gold Inc. May 25 announced that it is preparing for a 7,500-meter drill program at 3 Aces, a road-accessible project that covers 357 square kilometers (138 square miles) of high-grade gold discoveries in southeastern Yukon. 3 Aces, which hosts two of the highest-grade surface outcrops ever discovered in the Yukon, has 30 mineralized veins which have been discovered through sampling,...

Mining News - First 2023 Sitka Gold hole hits paydirt
Thu, 25 May 2023 14:18:00 GMT
Sitka Gold Corp. May 24 announced the preliminary assay results from its first hole drilled for the 2023 program at the Blackjack deposit on the RC Gold project in the Yukon. And after the initial excitement from the visible gold seen when the core first surfaced in April, it was well worth the wait. 'Step out drilling at our Blackjack gold deposit continues to impress with Hole 41 returning...

Mining News - Banyan expands AurMac to 6.2 million oz
Thu, 25 May 2023 14:18:00 GMT
Banyan Gold Corp. May 24 announced that it has added more than 2 million additional ounces to its AurMac project in the Yukon over the past year, elevating the current resource to 6.2 million oz of gold. Located about 40 kilometers (25 miles) south of Victoria Gold Corp.'s Eagle Gold Mine and adjacent to Hecla Mining Company's Keno Hill Silver District, the Aurex and McQuesten...

Kyrgyzstan: gold illegally mined in Chatkal district
Tue, 23 May 2023 00:00:00 GMT
A criminal case has been opened on the fact of illegal gold mining in Chatkal district of Kyrgyzstan, press service of the Prosecutor Generals Office reports. It was found out that in 2021 the officials of Chatkal forestry entered into an agreement with a LLC on the lease of a land plot at Karatyube-Buzuk deposit

Mining News - Ragusa explores Monte Cristo gold project
Mon, 22 May 2023 12:22:00 GMT
Ragusa Minerals Ltd. May 22 announced that sampling carried out toward the end of the 2022 exploration season has identified and confirmed two gold targets on the Monte Cristo project about 100 miles (160 kilometers) northwest of Anchorage, Alaska. Located just east and south of U.S. GoldMining Inc.'s Whistler copper-gold project and Nova Minerals Ltd.'s Estelle property, Monte Cristo...

Mining News - Goliath to drill a Surebet gold discovery
Mon, 22 May 2023 12:21:00 GMT
Goliath Resources Ltd. May 19 announced that it has mobilized equipment and crew to Golddigger for an 18,000-meter drill program at this gold-silver project in Northern British Columbia. 'After many months of extensive and detailed planning in the off season, we are very pleased to have mobilized for another aggressive drill campaign this year at our high-grade gold-silver Golddigger...

Mining News - Newmont, Newcrest agree on merger deal
Thu, 18 May 2023 14:10:00 GMT
Merged company will hold several world-class gold, copper assets in Northern BC's Golden Triangle. In a deal that will bring together several world-class copper and gold projects in British Columbia's Golden Triangle, Newmont Corp. and Newcrest Mining Ltd. have agreed upon a merger worth A$28.8 billion (US$19.3 billion) to Newcrest shareholders. 'The combination of Newmont and...

Mining News - Contango obtains $65M to build Manh Choh
Thu, 18 May 2023 14:10:00 GMT
Contango ORE Inc. May 18 reported that it has secured a loan of up to US$70 million to fund its share of the construction, operation, and other expenses required to achieve the first gold pour at the Manh Choh mine project in Alaska. Being advanced by Peak Gold LLC, a joint venture between Kinross Gold Corp. (70%) and Contango (30%), the Manh Choh Mine is expected to produce roughly 1 million...

Mining News - Nova ramps up 2023 Estelle exploration
Thu, 18 May 2023 14:09:00 GMT
Nova Minerals Ltd. May 16 announced that crews and equipment have been mobilized to Estelle for a planned 15,000-meter drill program that will primarily target the higher-grade gold identified in the RPM and Train areas of the property. In April, the company reported that Estelle hosts 1.1 billion metric tons of global resource averaging 0.3 grams per metric ton (9.9 million ounces) gold....

Mining News - Seabridge secures $150 million for KSM
Thu, 18 May 2023 12:11:00 GMT
Cash from royalty sold to Sprott will help elevate BC copper-gold-silver mine project to 'substantially started' status. Seabridge Gold Inc. May 11 announced that it has raised US$150 million (C$201 million) to carry out the work required to elevate KSM to the 'substantially started' status, which will ensure the longevity of the environmental assessment certificate for this...

Mining News - Newmont has extra week for Newcrest offer
Thu, 11 May 2023 14:29:00 GMT
Newcrest Mining Ltd. May 11 announced that it has granted Newmont Corp. one more week to complete due diligence ahead of finalizing a merger between the two large mining companies. In February, it was revealed that Newmont had made an all-shares merger offer of 0.363 Newmont shares for each Newcrest share held and then a second for 0.38 Newmont shares per Newcrest share. Newcrest, however, balked...

Mining News - Ascot gears up for 2023 Premier drilling
Thu, 11 May 2023 14:29:00 GMT
Ascot Resources Ltd. May 11 announced plans for up to 14,000 meters of resource expansion and upgrade drilling during the 2023 season at its Premier gold mine project in Northern British Columbia. Situated near the mining town of Stewart at the southern tip of BC's Golden Triangle, Premier is home to a past-producing gold mine that last operated in the 1990s. A feasibility study completed in...

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