Resource World Magazine

Paramount Gold Nevada acquires Nevada gold-silver project

Paramount Gold Nevada Corp. [PZG-NYSE American] has entered into an agreement with Nevada Select Royalty to purchase a 100% interest in the Bald Peak Project located in Mineral County, Nevada. Nevada Select is a wholly owned subsidiary of Ely Gold Royalties Inc. , which was recently acquired by Gold Royalty Corp. [GROY-NYSE American]. Paramount President and…

Endurance Gold drilling Reliance property, BC

Diamond drilling is expected to start today at the Endurance Gold Corp. [EDG-TSXV; ENDGF-OTC] Reliance gold property in Southern British Columbia. The property is located 4 km east of the village of Gold Bridge with year-round road access and 10 km north of the historic Bralorne-Pioneer gold mining camp, which has produced over 4 million…

New Age jumps 37% on Sprott financing news

New Age Metals Inc. [NAM-TSXV, NMTLF-OTC, P7J-FSE] shares rallied sharply in active trading Wednesday after the company said financier Eric Sprott, through an Ontario numbered corporation, has emerged as the new control person of the company. The move has been approved by 97.85% of New Age’s disinterested shareholders, the company said in a press release.…

American Lithium extracts 97.4% lithium at Tonopah, Nevada

American Lithium Corp. [LI-TSXV; LIACF-OTCQB; 5LA-FSE] reported the highest lithium extraction results to date, achieving 97.4% extraction utilizing warm sulphuric acid leach on its advanced 100%-owned Tonopah lithium claims (TLC) claystone mineralization 12 km northwest of Tonopah in the Esmeralda lithium district of Nevada. The latest TLC test work run by TECMMINE in Lima, Peru…

McEwen Copper raises US$40 million for Los Azules

The subsidiary of McEwen Mining Inc. [MUX-TSX; NYSE], McEwen Copper Inc., has closed the first tranche of the Series B private placement offering announced on July 6, 2021, issuing 4 million common shares at a price of $10 per share for gross proceeds of $40-million. All amounts are in U.S. dollars. Subscription for the remaining…

North Arrow completes Naujaat bulk sampling program

North Arrow Minerals Inc. [NAR-TSXV; NHAWF-OTC] has completed field collection of a 2,000-tonne bulk sample at its Naujaat diamond project, near Repulse Bay, Nunavut. Ken Armstrong, president and CEO, commented: “Bulk sample collection from the Q1-4 kimberlite is now complete, with field crews having delivered 2,500 bulk sample bags of kimberlite to our laydown near…

HPQ signs MOU with EBH2 Systems in green hydrogen venture

HPQ Silicon Resources Inc. [TSXV-HPQ; OTCQX-HPQFF; FWB-UGE], an innovative silicon solutions and technology development company, has engaged in a Memorandum of Understanding with EBH2 Systems SA, (“EBH2”) a Swiss company that possesses a proprietary electrolysis technology that can efficiently extract, from virtually any water source including salt water, a Clean Hydrogen also called Green Hydrogen that…

Granite Creek hits 1.18% CuEq over 105.52 metres

Granite Creek Copper Ltd. [GCX-TSXV, GCXXF-OTCQB] on Tuesday announced impressive drilling results from its Carmacks copper-gold-silver project in the Canadian Yukon. Highlights include drill hole CRM21-011, which intersected copper sulphide mineralization, grading 1.18% copper equivalent (CuEq) (0.96% copper, 0.01% molybdenum, 0.18 g/t gold, and 4.06 g/t silver over a 105.52-metre interval. This long interval included a…

Aya Gold announces $70 million bought deal

Aya Gold & Silver Inc. [AYA-TSX] is raising $70 million from a bought deal financing, with proceeds earmarked for the expansion of its Zgounder Silver Mine in Morocco, and for the advancement of other properties. The company said an underwriting syndicate has agreed to purchase, on a bought deal basis, 6.8 million shares of Aya…

Brixton Metals up 14% on Golden Triangle news

Brixton Metals Corp. [BBB-TSXV] on Monday said exploration crews have encountered visible gold during an initial drilling campaign on the Trapper Target at its Thorne project, which is located in the Golden Triangle area of British Columbia. Brixton shares advanced on the news, rising 13.8% or $0.02 to 16.5 cents on volume of 885,250. The…

Banyan Gold tables Yukon drill results, shares up

Banyan Gold Co. (BYN-TSXV) shares rallied Monday after the company released results from five holes, which targeted the Powerline Deposit at its AurMac Property in the Canadian Yukon. Highlights included 110.7 metres of 0.62 g/t gold from 96.6 metres in hole DDH AX-21-99. Hole DDH AX-21-100 returned 195.9 metres of 0.54 g/t gold from surface.…