Business

Argonaut Gold Directors Approve Magino Project Construction

Argonaut Gold’s Board of Directors has approved the construction of the Magino Gold Project! The media release states “Argonaut is also pleased to announce it has received a fixed bid pricing proposal for a significant portion of the initial capital requirement for the Magino project and that it has secured debt financing of up to US$175 million by way of ...

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Wesdome announces results from underground exploration drilling program

Wesdome Gold Mines Ltd. has announced results from the ongoing underground exploration drilling program at the Company’s wholly-owned Eagle River Mine in Wawa, Ontario. Although exploration drilling is currently operating at a reduced capacity due to COVID-19 restrictions, three underground drills and one surface drill are in operation. One drill continues to better define and extend the down plunge extension ...

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Harte Gold makes management changes

Harte Gold Corp. has announced Frazer Bourchier as President, CEO and Director of the Board of Directors, effective September 21, 2020. Mr. Bourchier will replace Sam Coetzer, who is stepping down from the position of President and CEO, for personal reasons. Sam will continue to serve on Harte Gold’s Board of Directors. The Company also announces Martin Raffield is stepping ...

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More positive results from Diamond Drilling at Magino

Argonaut Gold Inc. is pleased to announce drill results from its ongoing drill campaign targeting high-grade mineralization below the proposed open pit mine at its 100% owned Magino property in Ontario, Canada. Highlights include: MA20-043 with 9.0m at 13.4 g/t Au, including 2.0m at 55.6 g/t Au MA20-044 with 3.0m at 46.8 g/t Au, including 1.0m at 140.0 g/t Au ...

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Bold Ventures Mobilizes Prospecting Crew to Farwell Gold and Base Metals Project

Bold Ventures Inc. has mobilized a prospecting crew to the Farwell Gold and Base Metals Project located approximately 55 km northwest of Wawa. The initial work will take place along the Tundra Gold Horizon in the eastern portion of the property. The media release explains that historical exploration has identified 3 gold-copper occurrences – Tundra, Conductor ‘B’ and Brown Lake ...

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Harte Gold Continues a successful Mill Restart

Harte Gold restarted the mill on August 5th, and operated a processed 800 tonnes per day (“tpd”) or greater for several contiguous days. For the month of August, a total of 19,685 tonnes were processed (760 tonnes per day). Gold production for August was approximately 3,200 ounces. The Feasibility Study to expand to a 1,200 tpd throughput rate continues. Mine ...

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Manitou Gold continues to intersect significant Gold Mineralization

Manitou Gold Inc. is pleased to announce that it has intersected significant gold mineralization of 15.7 g/t gold over 0.7 metres within a wider mineralized interval of 18.0 metres at its 100% owned Goudreau project, located 50 km northeast of Wawa, Ontario. Results reported herein represent partial results of a 60 metre wide drill intercept at the Patents property. Highlights: ...

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Noble Mineral Exploration Inc. to Purchase Holdsworth Gold Property from Macdonald Mines

Noble Mineral Exploration has executed an agreement with MacDonald Mines Exploration Ltd. to purchase all of MacDonald’s interest in the Holdsworth gold property, located 25 kilometres northeast of Wawa, Ontario in Corbiere and Esquega Townships. The media release explains that as payment for the Property, Noble will issue to MacDonald 4,000,000 common shares (the “Shares”) of Noble, as well as ...

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Harte Gold Restarts Milling

Harte Gold has restarted milling operations at its Sugar Zone mine in Ontario, Canada and confirmed filing financial results for the quarter ended June 30, 2020. Sam Coetzer, President and Chief Executive Officer of Harte Gold, commented, “We are encouraged by the positive restart of milling operations at the Sugar Zone mine. We suspended operations at the Sugar Zone mine ...

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The Thin Case for Passenger Rail in Northern Ontario

Passenger rail has been the subject of debate in Ontario’s northern regions for as long as anyone can remember. Most recently arguments have been put forward in support of passenger rail on the basis of; tourism, connectivity, equity, and economic spin off. Given this renewed enthusiasm, Northern Policy Institute posed the question: Does passenger rail make sense for Northern Ontario? ...

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Wesdome Gold Mines Announces 2nd Quarter Gold Production Results

Wesdome Gold Mines Ltd. announced its gold production results for the second quarter of 2020. Mr. Duncan Middlemiss, President and CEO commented, “First and foremost I would like to thank our employees, contractors, and suppliers, without whose dedication and perseverance we would not succeed during these unprecedented times. Our second quarter production of 25,142 ounces brings total H1 production to ...

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Alamos Gold Announces Phase III – Production Expansion to 2,000 tpd

Alamos Gold is planning to expand their operations at the Island Gold Mine. They are proceeding with an expansion of the operation to 2,000 tonnes per day after exploring five different options to expand: Ramp 1,200 tpd (current base case operation with no paste plant); Ramp 1,200 tpd (R1200); Ramp Expansion to 1,600 tpd (R1600); Shaft Expansion to 1,600 tpd ...

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