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Exploration News

Northern Sphere appoints new CFO

By: Marleny Arnoldi     8th January 2021 Canadian exploration company Northern Sphere Mining Corporation has appointed Arvin Ramos to succeed Monique Delorme as CFO. Delorme has resigned, effective immediately. 

Deep-South Resources increases offering to C$4.5m amid 'significant demand'

By: Donna Slater     8th January 2021 TSX-listed minerals explorer Deep-South Resources says that, owing to “significant demand”, it has upsized a previously announced nonbrokered private placement from C$2-million to C$4.5-million. The net proceeds from the offering will be used to further explore and advance the Haib copper... 

Tempus MD hangs up his hat

By: Esmarie Iannucci     8th January 2021 ASX- and TSX-V listed Tempus Resources has flagged the resignation of MD Brendan Borg. The company said on Friday that the effective date of Borg’s resignation would be confirmed following an appropriate transition period. 

Bryah free to sell its JV share

By: Esmarie Iannucci     8th January 2021 A subsidiary of ASX-listed OM Holdings, OM Manganese, has waived its pre-emptive rights to match a A$5-million conditional cash offer for ASX-listed Bryah Resources interest in the Bryah Basin manganese joint venture (JV). Bryah last year announced a A$5-million transaction with ASX-listed... 

MegumaGold to acquire Canadian GoldCamps' assets

By: Donna Slater     7th January 2021 Canadian junior gold exploration company MegumaGold and Canadian GoldCamps have terminated a previously announced share exchange agreement signed in November and have entered into a new definitive agreement whereby MegumaGold will buy substantially all of the assets of Canadian GoldCamps. Under... 

Torrens starts trade on the ASX

By: Esmarie Iannucci     7th January 2021 Junior gold and copper explorer Torrens Mining has started share trading on the ASX, after raising A$10-million in its initial public offering (IPO) The company on Thursday revealed that it had issued 50-million shares, at a price of 20c each under its IPO, with the proceeds going towards... 

Goliath expands Golddigger claim

By: Donna Slater     6th January 2021 TSX-listed precious metals explorer Goliath Resources reports extensive expansion of its claim holdings by 28%, based on significant results that cover additional key geologic terrane around the Surebet high-grade polymetallic gold/silver discovery on its 100%-controlled Golddigger property in... 

Trek increases WA footprint

By: Esmarie Iannucci     6th January 2021 Junior Trek Metals has inked three separate agreements to increase its Pilbara footprint, acquiring prospective gold and iron-ore projects. The three acquisition and option agreements cover the Tambourah project, which is in close proximity to Trek’s existing Pincunah gold project in Western... 

Bluejay Mining reorganises board following ‘very successful end’ to 2020

By: Simone Liedtke     5th January 2021 Exploration and development company Bluejay Mining is reorganising its board as it progresses to the next stage of development, particularly at its Dundas ilmenite project, in Greenland, following a successful end to 2020. The board reorganisation, effective from January 4, will see CEO Rod... 

Mining licence renewal advances Karowe underground expansion plans

By: Simone Liedtke     5th January 2021 The mining licence renewal application for Lucara Diamond Corp and Lucara Botswana’s Karowe mine, in Botswana, has been approved, and is effective from January 4 for a period of 25 years. This secures Lucara’s mining rights to 2046 and marks a critical step in the formal sanction of the Karowe... 

Mining licence renewal advances Karowe underground expansion plans
The Karowe mine, in Botswana

Tempus signs up JV partner in Canada

By: Esmarie Iannucci     5th January 2021 ASX and TSX-V listed Tempus Resources has inked a joint venture agreement with privately held Robinhood Gold Corporation over the Mineral Creek gold project, in British Columbia. Under the terms of the agreement, Robinhood would earn an initial 75% interest in the project by spending a minimum... 

Aton optimistic about its plans in Egypt

By: Marleny Arnoldi     4th January 2021 TSX-V-listed Aton Resources has assured shareholders that the company will continue to show resilience this year, after what had been a challenging 2020. Aton owns the Abu Marawat concession in the Arabian-Nubian Shield, in Egypt. 

Class action filed against Northern Dynasty

By: Creamer Media Reporter      18th December 2020 Law firm Pomerantz has said that it has filed a class action lawsuit against Canadian project developer Northern Dynasty Minerals and certain of its officers. The case, filed in a US court, is on behalf of those who acquired securities in the company from December 21, 2017 through November 25,... 

Hudbay buys claims near Mason deposit, Nevada

By: Creamer Media Reporter      18th December 2020 Canadian miner Hudbay Minerals has acquire 187 mining claims, including 87 privately owned past producing lode-mining claims central to the Yerington copper district, in Nevada, and adjacent to its Mason deposit. Exploration company GRG International sold the land package to Hudbay for an... 

AME 2020 award recipients announced

By: Creamer Media Reporter      18th December 2020 The Association for Mineral Exploration (AME) has announced its 2020 Celebration of Excellence Award recipients, recognising leaders for their efforts and contribution to the mineral exploration and development industry. 

Alamos significantly expands land package around Island Gold

By: Creamer Media Reporter      18th December 2020 Midtier miner Alamos Gold has completed the C$25-million acquisition of Trillium Mining, which handed it a large land package of 5 418 ha directly adjacent to, and along strike, from the Island Gold deposit in Ontario. The acquisition has significantly expanded the company’s land package around... 

Alamos significantly expands land package around Island Gold

Explorers gets more time to spend capital raised through flow-through shares

By: Creamer Media Reporter      18th December 2020 The Prospectors and Developers Association of Canada (PDAC) has welcomed the federal government’s draft legislative proposals to extend the timelines for spending the capital that junior mining exploration companies raise through flow-through shares. The proposed legislation, announced this... 

Caledonia secures an option over another gold prospect in the Zimbabwe Midlands

By: Creamer Media Reporter      17th December 2020 Aim- and NYSE American-listed Caledonia Mining Corporation announces that, in addition to having entered into an option agreement over the Glen Hume project, in Zimbabwe, earlier this months, it has entered into another option agreement in respect of an additional area in Zimbabwe. The latest... 

Botswana Diamonds publishes first 3D model of Thorny River kimberlite

By: Creamer Media Reporter      17th December 2020 Diamond exploration company Botswana Diamonds has published a three-dimensional (3D) model of a newly discovered kimberlite pipe at its Thorny River project in South Africa. “This is our first three-dimensional model of the kimberlite on Thorny River and thus represents an important step in the... 

Botswana Diamonds publishes first 3D model of Thorny River kimberlite
Photo by Botswana Diamonds
A first pass model of Thorny River kimberlite

KORE creates new BC gold explorer

By: Mariaan Webb     17th December 2020 TSX-V-listed KORE Mining has announced plans to transfer all its British Columbia gold exploration assets into a newly incorporated company, Karus Gold, which has a 1 000 km2 land position in the Cariboo gold district. Following the spin-out, 100% of Karus Gold common shares will be distributed... 

DGO raises cash for exploration strategy

By: Esmarie Iannucci     16th December 2020 Junior DGO Gold has received firm commitments to raise up to A$10.5-million in a share placement to institutional and sophisticated investors, priced at A$3 a share. Executive chairperson Eduard Eshuys said on Wednesday that the new investment was a positive endorsement of the work that DGO was... 

Surge Copper takes option on Centerra’s Berg project

By: Creamer Media Reporter      16th December 2020 Vancouver-based exploration company Surge Copper has entered into a definitive option agreement to acquire an interest in a deposit about 28 km north-west of its Ootsa project in British Columbia. The company has entered into an agreement with Thompson Creek Metals Company , a subsidiary of... 

Barrick mobilises drills to Pueblo Grande

By: Creamer Media Reporter      16th December 2020 Bullion major Barrick Gold has mobilised two drill rigs to Precipitate Gold’s Pueblo Grande project to start an initial phase of exploration drilling, the TSX-V-listed junior announced on Tuesday. Barrick has the right to earn a 70% interest in the Pueblo Grande project, located immediately... 

Updated Blyvoor mineral resource exceeds expectations 

By: Creamer Media Reporter      15th December 2020 Mining consultant Minxcon has produced an updated mineral resource statement for the Blyvoor gold tailings project. The laboratory results from a recent drilling programme were integrated with previous drilling results by Minxcon to produce the updated mineral resource statement. 

Solaris raises C$52m to expand Ecuador exploration

By: Mariaan Webb     15th December 2020 TSX-V-listed Solaris Resources has raised C$52-million in a private placement, allowing the company to significantly expand its ongoing exploration programme at its Warintza project, in Ecuador. To date, Solaris has drilled 13 900 m at Warintza Central, with assays pending on six additional... 

Canada Nickel signs First Nation MoU for Crawford project

By: Creamer Media Reporter      15th December 2020 TSX-V-listed Canada Nickel Company has entered a memorandum of understanding (MoU) with the Matachewan and Mattagami First Nations in relation to exploration and development operations at the Crawford nickel/cobalt sulphide project near Timmins, Ontario. The MoU establishes a commitment by... 

Minotaur to divest of Highlands

By: Esmarie Iannucci     15th December 2020 Junior Minotaur Exploration on Tuesday announced that it had inked a binding term sheet with privately held Larvotto Resources, to divest of its Highlands copper-gold tenements, in Queensland. Minotaur told shareholders that Larvotto intended to include the Highlands tenements in its initial... 

Otso raises $11m as it begins to move to production

By: Mariaan Webb     14th December 2020 TSX-V-listed Otso Gold on Monday announced that it had executed a subscription agreement with Brunswick Gold for a strategic investment of $11-million into the company. Brunswick is a limited liability company incorporated under the laws of Cyprus, acting at arm’s length to Otso, pursuant to... 

Battle North announces resource estimate for target near Bateman

By: Mariaan Webb     14th December 2020 Canadian gold mine Battle North has announced a mineral resource estimate for the McFinley zone, which could provide mill feed to the Bateman gold project in the Red Lake district of Ontario. McFinley has measured and indicated resources of 205 700 t at a grade of 6.04 g/t for 40 000 oz of... 

ATAC exploring options after Yukon rejects exploration road

By: Mariaan Webb     11th December 2020 Vancouver-based explorer ATAC Resources CEO Graham Downs said on Thursday that the company continued to explore its options, after the Yukon government recently rejected its application to construct a tote road to its Tiger gold deposit. While expressing his appreciation for support from... 

Steps South Africa needs to take to attract global exploration investment 

By: Martin Creamer     10th December 2020 Countries wanting to attract exploration investment need readily available geophysics data to offer to prospective investors. “Geophysics is now key to the exploration industry, particularly for metalliferous-type deposits, which have the largest value,” Exploration Geological Consultancy MD... 

Steps South Africa needs to take to attract global exploration investment
Photo by Creamer Media
Exploration Geological Consultancy MD Regina Molloy

Caledonia to explore Glen Hume property in Zimbabwe for more gold

By: Simone Liedtke     10th December 2020 Gold miner Caledonia Mining has entered into an option agreement to secure the exclusive right to explore and, if exploration is successful and at its sole discretion, acquire the mining claims over the area known as Glen Hume, a property situated in the Gweru mining district, in the Zimbabwe... 

Qld explorers spending big - QEC

10th December 2020 The Queensland Exploration Council’s (QEC’s) members invested more than A$640-million on exploration in 2019-20, across coal, petroleum, gold and copper deposits in Queensland. In its tenth annual exploration scorecard, the QEC noted that more than half of its members were expecting to increase... 

Dampier raises exploration funds

By: Esmarie Iannucci     8th December 2020 Junior Dampier Gold will raise A$6-million in a two tranche share placement to fund gold exploration in Kalgoorlie. The company this week noted that some 109.1-million new fully paid ordinary shares would be issued at a price of 5.5c each, along with one free attaching unlisted option for every... 

Latin Resources raises drilling funds

By: Esmarie Iannucci     7th December 2020 ASX-listed Latin Resources will raise A$5-million through a share placement, to fund drilling at its kaolin and gold projects in Western Australia. The company on Monday announced that it had received firm commitments for the placement of more than 166.6-million shares, at a price of 3c each,... 

Calidus consolidates landholding in WA

By: Esmarie Iannucci     4th December 2020 Gold developer Calidus Resources has entered into a farm-in agreement giving it the right to earn up to a 75% interest in an exploration tenement some 75-km from its Warrawoona gold project, in Western Australia. The tenement is also located immediately along strike of the Blue Spec gold mine,... 

Explorer Tempus to list in Canada

By: Esmarie Iannucci     4th December 2020 Junior explorer Tempus Resources will start trading on the TSX-V on December 7, under the symbol TMRR. “Listing on the TSX-V exchange is a key part of our strategy to further open up investment in the company and access capital from North America, in particular,” said MD Brendan Borg on Friday.... 

Merger consolidates BC copper district

By: Creamer Media Reporter      3rd December 2020 Juniors Serengeti Resources has announced that it will acquire fellow TSX-V-listed Sun Metals, consolidating the contiguous copper/gold exploration assets of Kwanika and Stardust, both of which will benefit from operational synergies as the projects advance, along with a portfolio of British... 

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