Business

Red Pine signs MOU with Michipicoten First Nation

Sep 28, 2017 @ 08:01 Red Pine Exploration of Toronto and the Michipicoten First Nation (MFN) have signed a memorandum of understanding that covers Red Pine’s Wawa advanced exploration gold project. Quentin Yarie, president and CEO of Red Pine stated, “The company, and its predecessors, have always maintained a good working relationship with MFN. This MOU formalizes the consultation process ...

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Manitou Gold Announces Property Acquisition; Provides Corporate Update

Sep 20, 2017 @ 08:26 Manitou Gold Inc. nnounces that it has agreed to acquire four parcels of land, each covering approximately 40 acres of patented surface and mining rights (for an aggregate of approximately 160 acres) (collectively, the “Property”), located in Jacobsen Township within the Sault Ste. Marie Mining Division (the “Acquisition”).  The Property covers part of the Goudreau –Lochalsh ...

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Wesdome announces Corporate Restructuring

Sep 19, 2017 @ 21:42 Wesdome Gold Mines today announces a corporate restructuring and consequent management changes. Effectively immediately, Philip Ng, Chief Operating Officer, Hemdat Sawh, Chief Financial Officer, George Mannard, Vice President – Exploration, and Benoit Laplante, Vice President – Corporate Development, have departed the Company. In connection with the corporate restructuring, and our efforts to reduce cost profiles, increase ...

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Ross Romano Asks about Ring of Fire

Sep 11, 2017 @ 17:34   Ross Romano, the newly elected PC MPP for Sault Ste. Marie, asked his first question in the Ontario Legislature today since being elected in June:   “The Ring of Fire is one of the greatest opportunities Northern Ontario has ever seen. And yet, for eleven years since its discovery, this government has claimed that ...

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FortisOntario sends crews to assist in Turks & Caicos Restoration efforts

Sep 11, 2017 @ 17:29 Following the devastation arising from Hurricane Irma, FortisOntario has deployed 6 employees to support sister utility FortisTCI in its extensive power outage restoration efforts in Turks and Caicos. Crews have been sent from Canadian Niagara Power, Algoma Power and Cornwall Electric. “Our thoughts are with the people of Turks and Caicos and their families during the difficult ...

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Alamos Gold Announces Purchase of Richmont Mines

Alamos Gold Inc. announced this morning that they will acquire all of the issued and outstanding shares of Richmont pursuant to a plan of arrangement. Under the terms of the Agreement, all of the Richmont issued and outstanding common shares will be exchanged on the basis of 1.385 Alamos common shares for each Richmont common share. The Exchange Ratio implies consideration of C$14.20 per ...

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Monarques to purchase Richmont’s mining assets in Quebec

Sep 11, 2017 @ 08:16 Monarques is pleased to announce that it has entered into a definitive agreement with Richmont Mines Inc. pursuant to which Monarques will acquire all of Richmont’s mining assets in Québec.  The assets acquired consist of all of Richmont’s mineral claims, mining leases and mining concessions, including the Beaufor mine, Chimo, Monique and Wasamac properties and ...

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Wesdome Gold Mines Updates on 300W Area

Wesdome Gold Mines Ltd. is pleased to update drilling progress in the 300W area of its wholly-owned Eagle River Mine, Wawa, Ontario. Since the up-plunge potential of the 300W area was initially recognized (Press Release dated Sept 15, 2016), drilling has continued to confirm potential (Press Release dated April 27, 2017).  We have now traced the zone 300 metres up-plunge ...

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Red Pine Exploration Continues to Extend the Minto Mine South Zone

Aug 9, 2017 @ 08:13 Red Pine Exploration Inc. announces new results from three drill holes completed as part of its 20,000m drilling program at the Wawa Gold Project. Drilling highlights for the Minto Mine South Zone include: Extension of the high-grade core of the Minto Mine South Zone laterally and at depth; SD-17-89 averages 8.55 g/t gold over 3.47 ...

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Oxide Sands extended 500m along trend on Wawa-Holdsworth Project

Aug 3, 2017 @ 09:23 MacDonald Mines Exploration Ltd. is pleased to provide an update on the on-going exploration program on the Oxide Sands at its Wawa-Holdsworth Project. Highlights from the trenching Program: Oxide Sands observed in trenches over a strike of 1.1 km between TR-600 and TR-1700, expanding the known trend of Oxide Sands by more than 500 metres ...

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Wesdome Announces Second Quarter Financial Results

Aug 3, 2017 @ 09:18 Wesdome Gold Mines Ltd. today announces second quarter 2017 financial results. Mr. Duncan Middlemiss, President and CEO commented, “Over the last year, the operations team has been focused on increasing mined gold grades and developed stope inventory consistently quarter over quarter. The first half of 2017 demonstrates that this work is starting to take effect. ...

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Richmont Mines Continues to define Island Gold deposit

  Richmont Mines Inc. has provided an update on the strategic exploration drilling program currently underway at the cornerstone Island Gold Mine. “Our deep directional drilling further confirms the continuation of high-grade, wide zones located in the down plunge extension of the main deposit and we see significant potential to increase mineral resources at depth. Concurrently, we are very encouraged with ...

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