The 2020 drill program will test east of the Jaclyn North Zone, along strike and in areas of high-grade quartz boulders, and also include in-fill drilling of the Jaclyn Main Zone. The company plans to build on its 2018 NI 43-101 mineral resource estimate for the Jacelyn Main Zone containing a capped Inferred Resource of 106,400 ounces of gold. [more]
With a market cap of $200M, New Found Gold closed an IPO financing last week to become the newest listed Newfoundland gold explorer. With a shareholder base that includes Palisades Goldcorp, Eric Sprott, Novo Resources, and Rob McEwen, the Company is focusing on the Queensway project, following up on previous drill results that included 92.9 g/t gold over 19.0 metres. [more]
CanAlaska is a junior mineral exploration and Project Generator company. The Company controls 132,300 hectares across 9 uranium projects in northern Saskatchewan & Manitoba, 25,000 hectares across 3 nickel projects in northern Manitoba and two base metal projects in northern Manitoba & B.C., and 2 diamond projects covering 57,752 hectares in Saskatchewan & Alberta. [more]
Graycliff has an option to acquire 100% interest in the Shakespeare property, which is located approximately 80 kilometers west of Sudbury, Ontario and consists of 24 mineral claims over 517 hectares (1,277 acres). [more]
The well-funded silver explorer now has C$75M in cash and an M&I resource of 1B oz of Silver equivalent at Cordero. The proceeds will be used primarily to fund continuing exploration program at its Cordero and Coahuila projects in Mexico. [more]
What will it be the price of Silver be: $7/oz or +$700/oz? Lorimer Wilson of Munknee.com highlights from articles written over the past few months outlining the rationale for such divergent views. [more]
Spin out of Equinox Gold and part of the Augusta Group has $25 million in the bank. Solaris is advancing a portfolio of copper, gold, silver and molybdenum projects in Central and South America, with its primary focus on the Warintza copper-molybdenum-gold property in Ecuador. [more]
Drill program planned at the Sir Harry Oakes Project in the Matachewan Gold District of Ontario and expenditures at the joint-venture Bruell Gold Project, east of Val D’Or, Quebec, operated by Eldorado Gold [more]
In June, McEwen Mining led the way with 776 g/t Au over 2.4 metres, with other good results from Superior Gold, Osisko Mining, Great Bear Resources and Alkane Resources. [more]
Top deals closing this month included Osisko Mining receiving $177M and Lundin Gold closing C$57.5 million, both from bought-deal financings. Artemis Gold expects to raise $175 million from a bought-deal agreement with a syndicate of underwriters as well as a non-brokered offering. [more]
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