Solstice Gold Corp. (TSXV: SGC) (“
Solstice”, “we”, “our” or the “
Company”) are pleased to announce that we have completed a preliminary interpretation and commenced field programs (the “Program”) at our 55 km
2 RLX project (the “Project”), located in the prolific Red Lake Mining Camp approximately 25 km North-East of Red Lake, Ontario.
The interpretation utilizes the Company’s recently completed 50 m-spaced magnetic survey combined with previous mapping, electromagnetic and magnetic surveys completed by the Ontario Geologic Survey (OGS) and limited drilling completed by Placer Dome in 1980. A preliminary compilation map is presented in Figure 1. Ground programs in May-June 2021 will include mapping, prospecting and soil and biogeochemical surveys of initial target areas.
Inflection Resources Provides Exploration Update On Copper-Gold Projects In Northern New South Wales GlobeNewswire May 27, 2021 VANCOUVER, British Columbia, May 27, 2021 (GLOBE NEWSWIRE) Inflection Resources Ltd. (CSE: AUCU) (FSE: 5VJ) (OTCQB: AUCUF) (the "Company" or "Inflection") is pleased to provide an exploration update from its copper-gold drill projects in.
Asian Markets Mixed Amid Cautious Trade
CANBERA (dpa-AFX) - Asian stock markets are trading mixed on Thursday, following the positive cues overnight from Wall Street on continued economic optimism as the country continues to reopen following the coronavirus pandemic. Buying interest remained subdued as traders look ahead to Friday s closely watched inflation reading, which could directly affect the current levels of stimulus. Asian markets closed mixed on Wednesday.
Traders are also cautious and refraining from making major moves amid the continued surge in coronavirus cases in most markets in the region, particularly in India and Japan. The efforts to control the pandemic is also leading to restrictions and lockdowns is several areas in the region.
Evolution Mining s Red Lake gold operation in Ontario. Credit: Evolution Mining
In the first six months of fiscal 2021,
Evolution Mining (ASX: EVN) banked over 50% of every ounce of gold it produced in terms of its EBITDA margins, posted a return on equity of 18%, and issued an interim dividend of US$247 per oz., or about 12% of its revenue, well above its peers.
”It’s been all about a journey of trying to improve the quality of our assets and focusing mostly on margin and return on capital rather than on volume,” Jake Klein, the company’s founder and executive chairman, told participants in The Northern Miner’s second-quarter Global Mining Symposium. “We’re not convinced that producing more gold and making the same or less money is better than producing the most profitable ounces.”
Asian Markets Mostly Higher With Strong Gains
CANBERA (dpa-AFX) - Asian stock markets are mostly higher on Tuesday, following the broadly positive cues overnight from Wall Street, as the US Federal Reserve officials quell concerns about inflation and fears of monetary tightening by central banks. The coronavirus infection rate in the region is keeping the underlying mood cautious. Asian stocks ended mixed on Monday.
The Australian stock market is modestly higher on Tuesday, extending the gains of the previous three sessions, with the benchmark S&P/ASX 200 just below the 7,100 level near 14-month highs, following the broadly positive cues overnight from Wall Street. The market is powered by gains for energy, materials, financial and technology stocks.