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Erdene Resource Development Zuun MRE Update

Erdene Resource Development (TSX: ERD)

Announced an updated mineral resource estimate for its 100% owned Zuun Mod molybdenum-copper porphyry project, located in the Khundii Minerals District, in southwestern Mongolia.

The updated resource estimate, when compared to the previous, demonstrates a significant increase. Continue reading

CORNISH METALS UPDATES THE PEA OF THE SOUTH CROFTY TIN MINE

Cornish Metals. (AIM / TSX.V: CUSN)

Reported the results of a detailed review and updated PEA for its wholly owned and permitted South Crofty critical mineral project in Cornwall, United Kingdom, the highest grade known tin resource not in production and potentially the first primary producer of tin in Europe or North America. Continue reading

G Mining Ventures Receives Approval of SUDAM Tax Incentive

G Mining Ventures (TSX: GMIN)

Announced that the Superintendência do Desenvolvimento da Amazônia (“SUDAM”) has formally approved the Tocantinzinho Gold Mine, located in Pará State, Brazil, for inclusion in its regional development tax incentive program.

This will be for a period of 10 years. Continue reading

Lefroy’s High-Grade Gold Assays Support Lucky Strike Expansion

Lefroy Exploration (ASX: LEX)

Reported exceptional drilling results targeting a potential Stage 2 expanded pit shell design at the Lucky Strike Gold Deposit.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for
36,200 oz). Continue reading

Initiating Coverage – Erdene Resource Development

Erdene Resource Development (TSX: ERD)

Erdene has just poured first gold on its Mongolian gold project, Bayan Khundi.

The company are looking to self fund an intensive exploration round whilst rapidly paying down debt during the next 12 months.

The first target is a production rate of around 7,000 Oz gold per month within a few months from now. Continue reading

Barton Gold’s Soil Assays Indicate Extensions and New Targets

Barton Gold (ASX:BGD)

Announced the assay results of ultrafine soil sampling programs completed at the Tolmer and Black Oak Tank prospects of its South Australian Tarcoola Gold Project.

These showed extensions of the high-grade ‘western silver zone’, and similar new previously untested targets located between the ‘western silver zone’ and the ‘eastern gold zone. Continue reading

West Red Lake Gold Upsizes Bought Deal Financing

West Red Lake Gold (TSXV: WRLG)

Announced that it has closed its previously announced bought deal public offering of 37,526,800 common shares of the Company at a price of C$0.95 per Share for gross proceeds of C$35,650,460, which includes the full exercise of the over allotment option, and 3,760,000 charity-flow through shares. Continue reading

Barton Gold Resource Upgrade Drilling Begins at Tunkillia

Barton Gold (ASX:BGD)

Announced the start of JORC upgrade drilling for its South Australian Tunkillia Gold Project.

An initial round of ~18,000m RC drilling is designed to convert Tunkillia’s high value ‘Stage 1’ and ‘Stage 2’ optimised open pits to JORC (2012) ‘Measured’ and ‘Indicated’ categories, supporting expedited project financing discussions. Continue reading

Equinox Gold Delivers First Gold at its Valentine Gold Mine

Equinox Gold (TSX / NYSE: EQX)

Announced the first gold pour at its Valentine Gold Mine located in Newfoundland and Labrador, Canada.

Commissioning of the Valentine process plant is progressing extremely well, with mill throughput averaging 47% of nameplate for the first 15 days of operation. Continue reading