Junior Exploration Sector – Page 11

Artificial intelligence deployed in Sudbury gold hunt – by Staff (Northern Ontario Business – October 4, 2021)

October 4, 2021

https://www.northernontariobusiness.com/

A junior mining outfit is taking an analytic approach to get the geological big picture around a former Sudbury-area gold mine. MacDonald Mines Exploration has engaged GoldSpot Discoveries, a Toronto mining technology company, to help with exploration on its SPJ Project, 40 kilometres northeast of the city.

MacDonald believes there’s a large gold system of interconnected deposits on its 18,930-hectare land package in Davis, Street and Scadding Townships. The property contains the former Scadding Gold Mine, which produced 29,000 ounces of gold in the 1980s.

Mining the Northwest: Is there a zinc and copper mine in Schreiber’s future? – by Staff (Northern Ontario Business – September 23, 2021)

September 23, 2021

https://www.northernontariobusiness.com/

Metallum Resources posts feasibility study showing almost nine-year mine life near Lake Superior’s north shore

A Vancouver zinc exploration company wants to revive mining on the north shore of Lake Superior, 20 kilometres north of Schreiber.

Metallum Resources said there’s enough high-grade zinc and copper in the ground at its Superior Lake Zinc Project to mine for a minimum of 8.5 years as the company probes for more resources this fall around a former mine site, 150 kilometres northeast of Thunder Bay.

Barrick options South Uchi project from Kenorland Minerals – by Jackson Chen (Northern Miner – September 20, 2021)

September 22, 2021

https://www.northernminer.com/

Kenorland Minerals (TSXV: KLD) announced that it has entered into a property option agreement with Barrick Gold (TSX: ABX; NYSE: GOLD) with respect to the company’s South Uchi project in Ontario.

Under the option agreement, Barrick can earn an initial 70% interest in the project by spending a total of $6 million on mineral exploration within six years, of which $3 million are guaranteed expenditures within the first three years.

Sleepy lithium market stirs to life as electric vehicle industry charges up – by Gabriel Friedman (Financial Post – September 21, 2021)

September 22, 2021

https://financialpost.com/

Less than a week after Vancouver-based Millennial Lithium Corp. asked shareholders to vote on a proposed all-cash buyout by China’s Ganfeng Lithium Corp., a second buyer has emerged and bid 6.1 per cent higher, offering $377 million in cash.

Millennial did not disclose the second buyer’s identity, but a source told the Financial Post it is Chinese battery maker Contemporary Amperex Technology Co., Limited, or CATL, as Bloomberg News reported.

Reddit squeeze goes nuclear, boosting uranium-related investments – by Niall McGee (Globe and Mail – September 14, 2021)

September 14, 2021

https://www.theglobeandmail.com/

A speculative rally fuelled by Reddit is juicing the price of uranium and investments with exposure to the commodity, leaving investors and companies alike wondering how long the run will last.

The Sprott Physical Uranium Trust, an exchange-traded investment that tracks the price of uranium, rose by 15.5 per cent on Monday on the Toronto Stock Exchange. Shares of uranium miner Cameco Corp., which have rallied 55 per cent since late August, ended the day flat after being up by 8 per cent at one point. Another producer, Denison Mines Corp., rose by 3 per cent on the New York Stock Exchange.

Four supersized exploration programs – by Staff (Canadian Mining Journal – September 10, 2021)

September 10, 2021

https://www.canadianminingjournal.com/

Gold exploration in Canada is on the upswing. A strong rise in the yellow metal’s price leading up to the August 2020 peak above US$2,000 per oz. has spurred on exploration in Canada that may lead to the nation’s next new mines.

It’s also had the effect of supersizing drill programs for juniors with promising discoveries, savvy management and talented exploration teams. There are now several juniors carrying out supersized drill programs involving 100,000 metres or more in a single year – in many cases before a resource has been compiled for the project. Here’s our look at four such projects.

Sudbury Accent: Wolf Lake supporters worry about its future – by Jim Moodie (Sudbury Star – July 31, 2021)

August 4, 2021

https://www.thesudburystar.com/

They want it to become a park, but the area is also home to promising mine exploration

There’s a smoky haze overhead and the remains of an old cabin near our tent. Neither really detracts from this visit to Wolf Lake, arguably still the most scenic location in the Sudbury area, not to mention its most ecologically significant.

In some ways they only enhance the experience. I have never seen a sun so diffuse and orange, for instance, nor do I remotely mind — being a cabin dweller myself — finding traces of a rudimentary abode in the bush.

They do prove, however, that Wolf Lake is not quite so pristine or isolated as one might think, or wish to be the case. It has been inhabited in the past, and it won’t escape an ill wind of the present.

First Nation and gold junior miner set the ground rules for exploration – by Staff (Northern Ontario Business – July 29, 2021)

July 30, 2021

https://www.northernontariobusiness.com/

First Mining inks exploration agreement with Animakee Wa Zhing #37 on drill program near Sioux Narrows

A Vancouver mine gold developer has signed a mineral exploration agreement with a northwestern Ontario First Nation.

First Mining Gold entered into the agreement with Animakee Wa Zhing #37 First Nation (AWZ 37) with an upcoming drilling program scheduled at the company’s Cameron Gold Project, just east of Sioux Narrows and 80 kilometres southeast of Kenora.

The 528-square-kilometre property is within the traditional territory of AWZ 37. The agreement between the company and the community sets out the framework for communication and cooperation for exploration activities that could involve hauling away an old ore pile on the property for processing elsewhere.

Bigger than Voisey’s: Canada Nickel files PEA for Crawford mine in Ontario – by Cecilia Jamasmie (Mining.com – July 12, 2021)

July 13, 2021

https://www.mining.com/

Canada Nickel Company (TSX-V: CNC) announced on Monday it had filed a preliminary economic assessment (PEA) for the Crawford nickel sulphide project in Ontario, almost a year after exploration drilling began at the asset.

The PEA envisions a conventional open pit mine and mill that will produce both nickel and magnetite concentrates over a mine life of 25 years.

The operation is set to generate 2.05 tonnes of carbon dioxide per tonne of nickel-equivalent production in the period — 93% lower than the industry average of 29 tonnes of CO2.

Timmins gold explorer makes new discovery – by Staff (Northern Ontario Business – July 13, 2021)

July 13, 2021

https://www.northernontariobusiness.com/

Galleon Gold intends to release preliminary economic assessment for open-pit mine in September

Galleon Gold has made a new gold discovery at its West Cache Gold Project, west of Timmins, where it wants to develop an open-pit mine.

The Toronto junior miner reports finding multiple gold zones in a mineralized area that it’s calling the South Area Discovery. West Cache is 13 kilometres west of Timmins. Highway 101 runs through the 3,700-hectare property.

The company has been talking up West Cache’s “blue sky potential” since kicking off a 46,000-metre drill program in June 2020 that’s continued well into this year.

Exploration roundup: The search for battery metals charges up these Temiskaming junior miners – by Staff (Northern Ontario Business – June 15, 2021)

June 16, 2021

https://www.northernontariobusiness.com/

Untapped resources of silver and cobalt bring out the drill rigs to historic northeastern Ontario mine properties

A surge of exploration activity is taking place in the historic mining camps of the Temiskaming area as junior miners poke holes and survey ground in looking for new veins of silver and bypassed stockpiles of cobalt, needed for the electric vehicle market and to feed the critical minerals supply chain.

A steady diet of high-grade silver results have been emanating from a former Temiskaming silver mine where Vancouver junior miner Brixton Metals has been exploring an unmined portion of its 3,200-hectare property.

The company released the last batch of drill results from an 18,000-metre fall and winter drilling program at its Langis Project, situated just north of Lake Temiskaming and very close to the Québec border.

Ginoogaming First Nation gold mine lawsuit charts new legal ground – by David P. Ball (Windspeaker.com – June 2, 2021)

June 4, 2021

https://windspeaker.com/

A First Nation is taking the Ontario government and gold explorers to court to prevent mining activity on 260 square kilometres of the Nation’s territory.

On Tuesday, Ginoogaming First Nation went to the Ontario Superior Court seeking an injunction against mining activities until the Nation can argue its full legal rights.

At stake is a sacred area of land in Ginoogaming territories known as Wiisinin Zaahgi’igan, which roughly translates to English as “the place where you get food.” But the Nation says it is much more than that.

JV Article: Kirkland Lake Gold partnership could lead to world-class discoveries, says Stephen Stewart of Orefinders and Mistango – by Staff (Northern Miner – May 30, 2021)

May 31, 2021

https://www.northernminer.com/

A new strategic partnership and equity investment by Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) into Orefinders Resources (ORX: TSXV) and Mistango River Resources (CSE: MIS) will allow the two Canadian juniors to “unlock the full potential of their assets,” says Stephen Stewart, CEO of Orefinders and chairman of Mistango.

Under the proposed partnership agreement, Kirkland Lake Gold has acquired a 9.9% stake in each of the juniors. Additionally, Kirkland Lake will also have the option to acquire up to a 75% interest in specific projects under the companies’ portfolio of assets in exchange for a total combined $120 million investment.

This is the second high-profile investment that Orefinders and Mistango have received in the last year as billionaire investor, and former chairman of Kirkland Lake Gold, Eric Sprott has made four separate investments into the two companies over that period.

Newmont completes acquisition of GT Gold – by Cecilia Jamasmie (Mining.com – May 17, 2021)

May 18, 2021

https://www.mining.com/

Newmont (NYSE: NEM) (TSX: NGT), the world’s No. 1 gold miner, completed on Monday the acquisition of GT Gold, after it grabbed the remaining 85.1% of common shares of the Canadian explorer it did not already own.

The C$393 million ($325m) cash deal, first announced in March, gives the US-based gold giant the Tatogga gold-copper project, located in the Traditional Territory of the Tahltan Nation.

“With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio,” Newmont president and CEO Tom Palmer said in the statement.

Drill rigs turning for gold, palladium discoveries on Superior’s North Shore – by Staff (Northern Ontario Business – May 14, 2021)

May 14, 2021

https://www.northernontariobusiness.com/

Exploration boom in the northwest continues for precious, industrial and ‘green’ metals

Gold and palladium exploration continues to dominate activity along the north shore of Lake Superior.

A mix of junior miners are either securing an initial foothold in northwestern Ontario, drilling off deposits, or approaching environmental and regulatory milestones in advancing their projects toward production.

Sudbury’s Manitou Gold is picking up the pace of exploration at its Goudreau Project, outside Dubreuilville. Since raising $5 million in financing last month, the company boosted its drill program from 10,000 metres to 30,000 metres.