A Junior Miner May Have Started A New Canadian Gold Rush
The first discovery in this gold patch last year netted investors 7,000% returns. A potential second could net them even more. These are the types of gold plays that come along only once-in-a-lifetime.
Amex Exploration (TSX:AMEX) made the first discovery of high-grade gold discovery last year in its Perron Gold project. Right before that announcement, another small-cap miner,
Starr Peak Mining Ltd. (
most of the land adjacent to Amex. And then it scooped up the nearby past-producing Normetal Mine, which has given the market ~10.1 million tonnes of 2.15% copper, 5.12% zinc, 0.549g/t of gold and 45.25 g/t of silver.
Reefton revival - small town sniffs gold fever
13 minutes to read The rock face is a dripping mask of greywacke and argillite, illuminated by the lights of the jumbo , as the rock drilling machine is known in mining jargon. The diamond drills extend toward the tunnel s end, manipulated by twin booms. Once the drilling is complete, explosives finish the job and the tunnel advances at a rate of about 8 metres a day.
The drills are silent for the moment but despite the damp, the air is dusty. And the tunnel is filled with the thrum of the ventilation system and the low rumble of a huge front-end loader. Back and forth it travels between the rubble in the tunnel s depths and the surface, a length of some 300m.
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Kirkland Lake Announces Results Of Annual General Meeting Of Shareholders
Kirkland Lake Gold LtdMay 7, 2021 GMT
TORONTO, May 07, 2021 (GLOBE NEWSWIRE) Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL)(ASX:KLA) reports that at the annual general meeting of shareholders held on May 6, 2021, all resolutions proposed to shareholders were duly passed.
Based on proxies received, 187,602,914 common shares of the Company, representing 70.25% of the Company’s issued and outstanding common shares as at the record date were voted, and the following individuals were elected as directors of the Company until the next annual meeting of shareholders. The results are set out below:
Press release content from Globe Newswire. The AP news staff was not involved in its creation.
Kirkland Lake Gold Reports Solid Q1 2021 Results
Kirkland Lake Gold LtdMay 6, 2021 GMT
TORONTO, May 06, 2021 (GLOBE NEWSWIRE) Kirkland Lake Gold Ltd. (“Kirkland Lake Gold” or the “Company”) (TSX:KL) (NYSE:KL) (ASX:KLA) today announced the Company’s financial and operating results for the first quarter of 2021 (“Q1 2021”). The results for the quarter exceeded target levels in a number of key areas, including production and all-in sustaining costs (“AISC”) per ounce sold(1), which reflected stronger than expected production and sales at Fosterville and Detour Lake, as well as lower than planned sustaining capital expenditures. The Company’s full financial statements and management discussion & analysis are available on SEDAR at www.sedar.com and on the Company’s website at www.kl.gold. All dollar amounts are in U.S. dollars, unless otherwise noted.
When Northern Vertex (TSXV: NEE, US-OTC: NHVCF) released its Q1 2021 production of 9,912 gold equivalent ounces at its wholly owned Moss gold mine in Mohave County, Arizona last week, it marked the beginning of the metamorphosis of a mine that had been almost forgotten.
Moss is the state’s largest precious metals mine, with total measured and indicated mineral resources of 360,000 ounces of gold and 3.8 million ounces of silver. Inferred mineral resources were 129,000 ounces of gold and 1.37 million ounces of silver.
Permits were received last year, allowing the company to expand its exploration programs from patented claims onto surrounding unpatented claims on public lands managed by the Bureau of Land Management. Three rigs are currently turning on the property, all within the mine footprint.