Resource World Magazine

Banyan Gold eyes transformative year in 2021

Banyan Gold Co. [BYN-TSXV; BYAGF-OTC] on Wednesday February 24 released the final diamond drilling results from a 2020 exploration program at its AurMac property in the Canadian Yukon. The results released Wednesday are from drilling on the Airstrip Zone, a near-surface gold deposit that is open to resource expansion to the east, west and downdip.…

Alamos Gold doubles exploration budget to $50 million

Alamos Gold Inc. [AGI-TSX, NYSE] said Wednesday February 24 that it will double its global exploration budget this year to $50 million. Alamos is an intermediate gold producer with production from mines in North America, including the Young-Davidson and Island Gold mines in northern Ontario, and the Mulatos mine in Mexico. The company is planning…

FAR Resources confirms bonanza gold and silver at Winston Project, New Mexico

FAR Resources Ltd. [CSE:FAT; FSE:FOR; OTC:FRRSF] has confirmed bonanza sampling of 41.5 g/t gold and 4,610.0 g/t silver on its Winston Project, New Mexico, on its newly staked claims. Before now, no modern exploration efforts have systemically assessed the northern portion of the Chloride District. The company has covered approximately 32 km2 with prospecting and regional geologic…

Camino Minerals samples 6.12% copper at Los Chapitos Project, Peru

Camino Minerals Corp. [COR-TSXV; CAMZF-OTC; XC01-FSE] carried out new sampling, geological mapping and geophysical interpretation on its 100%-optioned Los Chapitos copper project in southern Peru’s Arequipa department. The successful 2020 drilling campaign returned significant copper intercepts from the central portion of the 10-km copper mineralized Diva Trend. Sampling and mapping in 2020 along the Diva…

NexGen rallies on uranium feasibility study news

NexGen Energy Ltd. [NXE-TSX, NYSE] shares rallied Monday February 22 after the company released positive results of an independent feasibility study on its 100%-owned Rook 1 uranium project in northern Saskatchewan’s Athabasca Basin. The shares advanced 6.0% or 29 cents to $5.16 on active volume of 2.55 million. The shares are currently trading in a…

Aya Gold drills 3,043 g/t silver over 14.4 metres at Zgounder Mine, Morocco, shares up

Aya Gold & Silver Inc. [AYA-TSX; MYAGF-OTC] reported additional high-grade T28 drill results from its 2020/2021 drill exploration program at the Zgounder silver mine in Morocco. The T28 drill results further demonstrate high-grade silver continuity along strike and at depth. T28-20-1975-71 intersected 3,043 g/t silver over 14.4 metres. T28-20-1975-25 intersected 4,944 g/t silver over 7.20…

Next steps for artisanal and small-scale mining 

By Gordon Feller Unbeknownst to many in the mining industry, artisanal and small-scale mining (ASM) occurs in approximately 80 countries worldwide. In 2019 there were more 100 million artisanal miners globally. ASM mining production accounts for 80% of global sapphire, 20% of gold mining and up to 20% of diamond mining. It is widespread in developing countries…

Granada drills 107.8 g/t gold over 4 metres at Granada, Quebec

Granada Gold Mine Inc. [GGM-TSXV; GBBFF-OTC; B6D-FSE] reported additional high-grade gold results from its continuing drill program at the 100%-owned Granada gold project 5 km south of Rouyn-Noranda, Quebec. This release contains diamond drill results under the pit-constrained mineral resource with five holes. Drill hole GR-20-15 returned 3.64 g/t gold over 3.45 metres from 399.00…

Denison Mines closes US$28.75-million bought deal financing

Denison Mines Corp. [DML-TSX; DNN-NYSE American] closed its previously announced bought deal public offering of units. Denison issued 31,593,950 units of the company at US$0.91 per unit for aggregate gross proceeds of approximately US$28.75 million, which includes 4,120,950 units with the full exercise of the underwriters’ over-allotment option. Each unit consists of one common share…