Klondike Gold Corp. reports its final results from its 2018 regional exploration programmes across the company’s Yukon Territory, with a key highlight being the identification of nine extensive gold soil anomalies.
Exploration & development
EPC-UK has purchased an Epiroc SmartROC D65 ‘down the hole’ hammer drill rig, the first of its kind in the UK.
An airborne VTEM survey of the Rawdon property in Nova Scotia, Canada, late last year discovered four conductive responses of primary interest.
Trilogy Metals is to launch a new regional exploration budget of US$2 million as well as the previously announced 2019 programmes and budgets of US$16.2 million.
Thor Explorations Ltd announces positive results for its independent definitive feasibility study at its Segilola Gold Project.
OceanaGold Corporation receives permits for the Martha Underground project and mine life extension at Waihi (New Zealand).
Aluminium production at the Kazakhstan Aluminium Smelter was increased 1.4% year-on-year to reach 258 400 t.
Pacton Gold has begun a high-resolution heliborne magnetic survey over Pacton’s claims in Red Lake (Ontario).
2 million tpy of ore would be processed at the Greenvale site, producing an estimated annual average of 8500 t of cobalt, 53 500 t of nickel sulfate and 77 t of scandium oxide for at least 18 years.
Alliance Resources has reported its aircore drilling results for gold at Weednanna East, which is part of the Wilcherry project joint venture.
Vendetta Mining Corp. has shared the positive results from its preliminary economic assessment (PEA) for its Pegmont Lead-Zinc Project in Queensland.
Barrick Gold Corporation’s Tongon gold mine has achieved its revised guidance following nine months of interrupted production caused by illegal strikes and social unrest.
Galway Metals has reported a new gold discovery at its Clarence Stream gold project, as well as strong drill results in the George Murphy Zone.
Equity markets generally improving for exploration stage mining companies; early-stage developers finding it tougher; markets’ tendency to ascribe value to companies they expect to increase resources appears to be growing.