Resource World Magazine

Newfoundland gold exploration heats-up

By Ellsworth Dickson A claim staking rush has been taking place by numerous junior exploration companies in the large southwest to northeast-trending region known as the Central Newfoundland Gold Belt (CNGB) that stretches almost across the entire island of Newfoundland – almost 250 km in length. New Found Gold Corp. [NFG-TSXV; NFGFF-OTC] is advancing its…

Sprott to form the Sprott Physical Uranium Trust

Sprott Inc. (NYSE/TSX:SII), a global leader in precious metal and real asset investments, announced today that its wholly-owned subsidiary, Sprott Asset Management LP, has successfully completed its previously announced transaction with Uranium Participation Corporation, and that UPC’s shareholders are now unitholders of the newly-created Sprott Physical Uranium Trust. The Trust begins trading this morning on…

Scottie Resources, AUX Resources complete merger

Scottie Resources Corp. [SCOT-TSXV] and AUX Resources Limited announced that they have completed their previously announced amalgamation pursuant to an amalgamation agreement dated May 4, 2021 among Scottie, 1302668 B.C. Ltd. (Subco), a wholly-owned subsidiary of Scottie, and AUX Resources Corporation. CEO and President, Bradley Rourke, commented: “We are thrilled to complete this amalgamation with AUX, which significantly increases our…

Volcanic, Radius Gold shares rally on Guatemala news

Volcanic Gold Mines Inc. [VG-TSXV, VLMZF-OTC] shares rallied in active trading Friday after the company said drilling results from the La Pena vein at the Holly Project in Guatemala had returned high-grade gold values. Drilling highlights included Hole HDD-21-004 at the La Pena Vein, which intersected 14.8 metres at 3.96 g/t gold and 1,097 g/t…

Ganfeng in $353 million bid for Millennial Lithium

Millennial Lithium Corp. [ML-TSXV, MLNLF-OTCQB, A3N2-Frankfurt] said Friday it has entered into a definitive agreement Ganfeng Lithium Corp. [GNENF-OTCQX, 1772-HK] that will result in all of the outstanding shares of Millennial being acquired by Ganfeng for $353 million in cash. Ganfeng, which currently ranks as China’s largest lithium compounds producer, has agreed to acquire the…

Kenorland Minerals Commences Drilling at the Frotet Project, Quebec

Kenorland Minerals Ltd. (TSXV-KLD, FSE-3WQ0) (“Kenorland” or “the Company”) is pleased to announce the commencement of the 2021 summer exploration program at the Frotet Project (“the Project”), located in northern Quebec and held under joint venture (the “Joint Venture”) with Sumitomo Metal Mining Canada Ltd (“SMMCL”). 2021 Summer Exploration Program The summer exploration program will…

Aguila American advances on copper project news

Aguila American Gold Ltd. [AGL-TSXV, AGLAF-OTCQB, A2DR6E-WKN] shares were active Thursday after the company said it acquired through staking the Cora copper project in Pinal County, Arizona. Aguila said the project was identified during an extensive and ongoing project generation program targeting copper deposits within mining supportive jurisdictions in North America. Aguila shares advanced on…

Golden Tag hits 257 g/t AgEq over 16.34 m

Golden Tag Resources Ltd. [GOG-TSXV, GTAGF-OTCQB] shares advanced on Thursday after the company released impressive drilling results from ongoing exploration at its 100% owned San Diego silver project in Durango, Mexico. Thursday’s press release detailed complete results from diamond drill hole 21-58, part of a program targeting bulk-tonnage mineralization. The company said new high-grade skarn…

Puma Exploration Drills Visible Gold (Vg) in the Inaugural Drilling Program at Williams Brook Gold Property, New Brunswick, Canada

Puma Exploration Inc., [PUMA-TSXV], (the “Company” or “Puma”) is pleased to released initial observations from its 2021 inaugural diamond drill campaign at its 100-per-cent-controlled Williams Brook Gold property, located in New Brunswick, Atlantic Canada (see press release 2021-06-30). The program is designed to trace the high-grade gold vein networks exposed at surface at the Lynx…

Dynacor Continues Course to Record Sales in 2021; Reporting First-half 2021 Sales of US$83.6 Million (C$104.1 Million) and Well Ahead of Its Yearly Guidance

Dynacor Gold Mines Inc. [TSX-DNG] (Dynacor or the “Corporation”), an international gold ore industrial corporation servicing ASMs (artisanal and small-scale miners), today announced (unaudited) first-half sales of US$83.6 million (C$104.1 million). In June 2021, the Corporation had sales of US$14.5 million (C$17.7 million). The average selling price of gold in June 2021 was US$1,815 per…