At the Prospectors & Developers Association of Canada (PDAC) convention this year, there is a technical session titled “Gold mineralization in Newfoundland” on Wednesday, June 15 in Room 713. [more]
The Atlantic region of North America has been explored and mined gold for more than 230 years. The region shares a common geological heritage from South Carolina to the island of Newfoundland and has a variety of mineral resources including gold, copper, iron ore, and zinc. This report focuses on 42-publicly listed gold exploration and mining companies in the region and highlights three companies: Aston Bay, Sokoman Minerals, and Magna Terra Minerals. [more]
The new funds will be used for the continued optimization and de-risking, and allows for the expansion of exploration programs. Existing 1M oz Au resource and PEA on the Hammerdown & Orion projects. [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]
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