Max Resource Executes Option On RT Gold Property With Historic Values Of 13.0 G/T Gold Over 36.1 Metres
Max Resources (TSXV: MXR) is getting into the gold game. The company announced early this morning that it has executed an option to acquire a 100% interest in what is known as the RT Gold Property, located in Peru. Located 760 kilometres northwest of Lima, the property contains two contiguous mineral concessions that feature historic […]
Capitan Mining Begins 6,000 Metre Drill Program
Capitan Mining (TSXV: CAPT) has received drill permits for its flagship Penoles silver-gold project in Durango, Mexico. A drill rig has been mobilized as a result, with the company beginning its maiden drilling campaign on the project. The drill program is to consist of a total of 6,000 metres of drilling for the first phase, […]
SKRR Exploration Mobilizes For Fall 2020 Drill Program At Olson Project
SKRR Exploration (TSXV: SKRR) this morning announced that it has begun mobilization of crews and field equipment for the fall drill program at the Olson property, following field work that was conducted late this summer. The drill program is to consist of 1,850 metres, with a total of 12 drill holes planned at three separate […]
Monterey Minerals Sells Southern Pilbara Tenements To New Age Exploration, Options Additional Property
Monterey Minerals (CSE: MREY) this morning announced that it has entered into a purchase and sale agreement for four of its souther tenements from its Pilbara gold properties portfolio. The four tenements have been sold to New Age Exploration (ASX: NAE) in exchange for 25 million shares of the Aussie-based issuer. In addition to the […]
Garibaldi Assays 93.29 G/T Gold In Channel Sample At Casper
Garibaldi Resources (TSXV: GGI) this morning reported assay results from its Casper project, located in northwest British Columbia. The assays come from channel sampling, with highlights from the exploration program including one sample that delivered 93.29 grams per tonne gold. The Casper project is located thirteen kilometres north of Garibaldi’s flagship E&L project, within the […]
iAnthus Sees Courts Decline Recapitalization Transaction
iAnthus Capital Holdings (CSE: IAN) has seen the courts deny the proposed plan of arrangement following the hearing that took place Friday morning before the Supreme Court of British Columbia. While previously reported as being approved by the three stakeholder groups involved in the court case, it appears that the vigorous shareholder fight has successfully […]
Melkior Enters Option And Joint Venture Agreement With Kirkland Lake Valued At $110 Million
Melkior Resources (TSXV: MKR) this evening announced a blockbuster deal with that of Kirkland Lake Gold (TSX: KL). The deal will see the two parties enter into an option and joint venture arrangement with a total value of up to $110 million over the next several years, with Kirkland earning up to a 75% interest […]
Canada’s Pension Fund Plans to Invest a Significant Portion of its Assets into India’s Economy by 2025
The Canada Pension Plan Investment Board (CPPIB), which oversees approximately $434.4 billion worth of benefits for retired Canadians, has recently announced it will invest nearly a third of its funds into emerging markets within the next five years with India being the focal destination, as noted by a senior executive. Currently, approximately 34% of the CPPIB’s […]
Energy Giants Look To Move Into Cryptocurrency Space, Pressuring Miners
In late August 2020, international energy giant Equinor ASA (NYSE: EQNR) reportedly decided to partner with Crusoe Energy Systems, a private company, to convert natural gas that is flared into the atmosphere at its oil field in North Dakota into electricity, and to use that electricity to start a Bitcoin mining operation. Flared gas is […]
Canada’s Deficit Balloons To Record-Breaking $148.6 Billion In July With More Fiscal Spending Underway
Following Prime Minister’s Justin Trudeau’s promises of even more federal spending to alleviate the financial hardships posed by the coronavirus pandemic, it appears that debt burdens are going to be even higher than what many Canadians previously envisioned. The Finance Department recently released its monthly fiscal monitor results for the month of July, affirming an […]