Business

Oct 3, 2017 @ 08:07 Yesterday, Wesdome Gold Mines announced that the site investigation investigation in connection with the fatality of a mining contractor has concluded, and all activities at the Kiena Complex have resumed. Roméo Girard, 53 of Malartic was fatally injured on September 9th. Reports are that the worker was found beside his truck (which had struck a wall), seriously ...

Sep 29, 2017 @ 08:03 Juan Monteverde, founder and managing partner at Monteverde & Associates PC, a boutique securities firm headquartered at the Empire State Building in New York City, is investigating Richmont Mines Inc. relating to the sale of the Company to Alamos Gold Inc. As a result of the merger, Richmont shareholders are only anticipated to receive 1.385 ...

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 ...

Sep 20, 2017 @ 08:45 MacDonald Mines Exploration Ltd. announces that it has initiated an approximate 2000 metres sonic drilling program of the Oxide Sands at its Wawa-Holdsworth Gold Project. Quentin Yarie, President and Chief Executive Officer of MacDonald Mines stated, “Our exploration program to date has shown that the precious metal content and extent of the Oxide Sands is ...

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 ...

Red Pine Exploration Inc.announces partial results for three drill holes in the Minto Mine area that were completed as part of the on-going 20,000 metres (“m”) drilling program at its Wawa Gold Project. Drilling Highlights (see Table 1 and Figures 1, 2 and 3 below): The discovery of a high-grade quartz vein (Minto E) above the Minto Mine South Zone ...

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 ...

Sep 17, 2017 @ 16:36 Wesdome Gold Mines Ltd. announced in a press release that they had encouraging results from its Moss Lake property located 100 km west of Thunder Bay, Ontario. A drilling program had been initiated to confirm the potential scale of the Moss Lake gold deposit. Drilling on 200m spacing, the early drill results (14 holes) have now ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...

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 ...