Gold

The consideration to be paid by Yamana consists of approximately C$60.8M in cash, C$91.2M in Yamana shares, and a newly-formed spin-out company valued at C$47.5M. With over 3 million ounces of gold resources, the transaction values Monarch at over US$43 per resource ounce or over US$86 per reserve ounce. [more]

Historic drilling, the summer program chip sampling & surface grab sampling results, and airborne survey illustrate the potential for a mineralized gold system over 2.5 km long and a vertical extent of at least 400 m, and is open along strike in both directions. Recent channel sample highlights include 5.89 g/t Au over 31.5 m and 6.29 g/t Au over 13.4 m. [more]

Melkior has granted Kirkland Lake Gold the right to earn-in up to a 75% interest in the Carscallen Gold Project by spending C$10M in exploration over the next 5 years and then by entering into a Joint Venture agreement with Melkior and spending at least C$100M more in exploration expenditures. [more]

Spearmint Resources engaged with Ridgeline Exploration Services to start a work program on its Goose gold project, located within the central Newfoundland gold belt, near New Found Gold’s high-grade Queensway Gold project. [more]

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]

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]

Gold has historically been a defense against potential devaluation of fiat currencies making it an ideal choice to balance your portfolio. The question is: “How much gold should you own?” This article discusses a number of different views on the subject in an attempt to help you answer that question. [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]