Chalice files new 43-101 for East Cadillac property

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Chalice Gold Mines has filed an amended 43-101 report on SEDAR for its East Cadillac gold project. The property is 35 km east of Val d’Or, on the prolific Cadillac-Larder Lake fault. The amended report includes non-material changes requested by the Ontario Securities Commission, and the resource estimated made in the original report dated Feb.… Read More

Data scientists and geoscientists offered A$1m to predict next big mineral deposit in South Australia

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Energy and resources open innovation platform Unearthed joined forces with Adelaide-based OZ Minerals to launch the Explorer Challenge, a competition that brings together data scientists, geoscientists and mining professionals to create machine learning-based mining solutions. Competitors who achieve the goal of predicting the next big mineral deposit in South Australia using real geoscientific data and… Read More

No Deal Is Best Deal for Brexit

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After almost three years since the contentious referendum to leave the European Union, the United Kingdom is still in gridlock over exactly how it will happen—even with less than 10 days until planned separation. A “no deal” Brexit is the best scenario for free-market advocates, says Tom Colsy, president and founder of the University of… Read More

Equinox increases gold resources at Aurizona and Mesquite

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Equinox Gold has boosted resources at its Aurizona gold mine in northeastern California and reserves and resources at its Mesquite gold mine in California. Since the end of 2017 the company has increased its reserves 470% to 5.5 million oz. gold. The company updated Aurizona’s resource with 13,635 metres of infill and step out drilling… Read More

Kinross takes 9.7% stake in Wolfden Resources

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Wolfden Resources’ (CVE: WLF) stock was up nearly 6% on Tuesday, after Kinross Gold (TSE: K) acquired 12.5 million shares at $0.20 a share —a $2.5 million investment — for a 9.7% stake in the junior exploration company. The two companies will form of a committee to explore Wolfden’s 100%-owned Pickett Mountain volcanogenic massive sulphide… Read More

Beauce using new geophysical technology to survey old placer mine

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Montreal-based Beauce Gold Fields (CVE: BGF) has told investors that it is presently conducting a high resolution mobile electromagnetic (TDEM) survey using a new Russian technology. The survey is examining the Rang St-Gustave Road in St-Simon-les-Mines, located in the Beauce region of southern Quebec. The new technology measures electrical chargeability (induced polarization) and electrical conductivity… Read More

Endeavour pours first gold at Ity CIL project

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Endeavour Mining Corp. of London has poured its first doré bar from its Ity carbon-in-leach project four months earlier than planned and well under its $412 million budget. The bar contains about 1,800 oz. of gold. The CIL plant is already running at its 4 million t/y capacity following the quick ramp up. Commercial production… Read More

Will the Fed cut its interest rate forecast, pushing gold higher?

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Some important pieces of the US economic reports, including the latest nonfarm payrolls, have disappointed recently. May indicators (including the leading ones) have hit a soft patch it seems. Will that push the Fed to downgrade its dot-plot or fine-tune the monetary policy mix anyhow? Can gold jump in reaction to the Wednesday’s FOMC policy… Read More

U.S. sanctions Venezuelan gold company for supporting Maduro

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The U.S. Treasury on Tuesday imposed sanctions on Venezuela’s Minerven state gold mining company which it says illicitly props up the regime of President Nicolas Maduro. Minerven, whose full name is Compania General de Mineria de Venezuela CA, and its president, Adrian Antonio Perdomo Mata, are now designated under the Office of Foreign Assets Control,… Read More

'Radical’ foes, red tape lob doubt into Ecuador mining quest

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Ecuador has tethered its economic fortunes to a burgeoning mining industry. Now it just needs to get bureaucrats and community leaders on board. Local opposition and red tape are hindering plans to become a mining superpower that can rival other South American nations. Less than two years ago the government hoped mining would become 4… Read More

Antofagasta expects copper deficit of up to 300,000 tonnes this year

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Chilean miner Antofagasta Plc. (LON:ANTO) expects the anticipated global copper deficit to hit between 100,000 and 300,000 tonnes this year as consumption growth remains positive, but production increases continue to be minimal. Releasing the company’s annual results, chief executive Iván Arriagada also revealed that the first phase of a planned expansion at its flagship Los… Read More

TerraX traces high grade Giant mine zones onto its BDC target zone

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TerraX Minerals of Vancouver has traced mineralization from the former Giant gold mine in Yellowknife onto its own TerraX target zone in the Barney Deformation Corridor (BDC). Relogging and sampling of 1,579 metres of historical drill core led the company’s geologists to believe mineralization in the old cores is adjacent to historical high grade assays… Read More

Apex confirms gold anomaly at Ore Hill in BC

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Apex Resources has confirmed a 1.5 km by 150 metre gold in soil anomaly at its Ore Hill gold property near Salmo, B.C., after compiling historic and modern data on the project. The data base includes 90 rock samples taken by past operators between 2016 and 2018 grading as high as 119 grams per tonne… Read More

Tanzania sets up mineral trading centres to curb illegal gold exports

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Tanzania has ordered all mineral-producing regions in the East African nation to set up government-controlled trading centres by the end of June, accelerating efforts to curb illegal exports of gold and other precious minerals. The trading centres will give small-scale miners direct access to a formal, regulated market where they can go and directly trade… Read More

Bristow taking Barrick helm aids talks, Tanzania AG Says

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Mark Bristow taking over the leadership of Barrick Gold Corp. facilitated negotiations with Tanzania about a multibillion-dollar tax dispute that could be resolved by May, the country’s attorney general said. Barrick unit Acacia Mining Plc has been at odds with Tanzania’s government since July 2017, when the state handed it a $190-billion tax bill, saying… Read More