Image Credit: SUBMITTED / Westhaven Gold Corp. May 15, 2021 - 3:00 PM Mining company Westhaven Gold recently reported finding significant gold in its Shovelnose property exploration program in the active Spences Bridge Gold Belt.
Westhaven Gold announced their latest drill results on Wednesday, May 12, reporting a section of 15.97 metres of 9.15 grams of gold per tonne and 27.43 G/T of silver from one drill core and 79 metres of 2.73 G/T gold and 15.78 G/T of silver from another. The Shovelnose property consists of 17,623 ha located near the southern end of the Spences Bridge Gold Belt. The property is accessed off the Coquihalla Highway, taking the Coldwater exit and a series of logging roads to the property.
By Chuck Chiang | May 13, 2021, 10:05am
Imperial Metals Red Chris copper-gold mine in northwest B.C. | BIV files
The Canadian mining sector became the country’s top target market for inbound foreign direct investment (FDI) from the Asia Pacific region in 2020, the result of a COVID-induced slowing of the perennial front-runner (energy) and the sector’s resilient reputation.
That’s the finding of the Asia Pacific Foundation’s Investment Monitor 2021 report, which saw the mining sector attract 13 FDI deals valued at $1.13 billion – accounting for 14% of all FDI inflow into Canada from the Asia Pacific region.
The number was driven by two major deals: an Australian company’s $495 million purchase of the Red Lake Gold Mine complex and a Chinese firm’s $323 million acquisition of Guyana Goldfields and Aranka Gold. The deals also place mining second overall in attracting Asia-Pacific FDI since 2003 with $35.9 billion. That is behind on
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BC mineral and coal exploration spend up 28% in 2020 despite turbulent year
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Exploration spend across the province reached $422m in 2020
Grassroots and early-stage exploration accounted for 35% of total exploration
The Northwest Region contributed 53% of total expenditure for the province
TORONTO, March 4, 2021 The latest annual
British Columbia Mineral and Coal Exploration Survey finds that exploration spend across the province increased by 28% year-over-year to $422m just short of the highs experienced in 2011 and 2013. Though the impacts of the COVID-19 pandemic initially caused numerous delays, projects were able to capitalize on favorable commodity prices and available venture capital, attracting additional investment and strengthening budgets in the latter half 2020, says Iain Thompson, EY Canada Mining & Metals Consulting Leader. These factors helped to support an increase in exploration in BC and kept Canada third in global
Thompson-Okanagan mining exploration companies poised for a good year | iNFOnews infotel.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from infotel.ca Daily Mail and Mail on Sunday newspapers.