jueves, 29 de noviembre de 2018

Chile to lease inactive licenses held by top miners to juniors

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Mining News Digest
Thursday 29 November 2018
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Move allows major companies to lease to juniors all or part of assets they are not actively developing.

The company extended known targets and discovered new high-grade vein systems at its La India gold project in Nicaragua.

Move followed the dismissal of 49 workers and eight supervisors, union President Ronald Salcedo said.

Acacia chose to divest of South Houndé as part of an ongoing review of its exploration portfolio, to focus on core projects.

Group Eleven based its estimate on 102 diamond drill holes totaling 26,042 metres using 40- by 40-metre grid.

Pure Gold purchased the Madsen property in 2014, advancing the project to the current development stage. 

The company stated that the region is host to numerous operating mines.

Construction for the project will start in 2019, with first production expected in late-2021.

The company's stock jumped 12% Wednesday, following the announcement.

Windfall, which lies within the traditional territory of the Waswanipi Cree First Nation, is about 700 km northwest of Montreal.

The company was not given any notice or opportunity to explain its position.

The new product is a major step in the miner's strategy to wring more value from its iron ore after profits halved last financial year.

The World Gold Council is funded by gold mining companies and aims to expand demand for gold.

A coalition of gold investors, including firms backed by billionaires John Paulson and Naguib Sawiris, is taking aim at mining executives who don't have enough skin in the game.

The combination of the 4,700-hectare Troilus Gold property with the 11,309-hectare Troilus North property will create a 16,000-hectare exploration property in Quebec's Frotet-Evans greenstone belt.

Russia makes a move to support sanctioned aluminium producer Rusal.

The Vancouver junior mobilized a second drill rig and commenced drilling at two targets of its Bujagali mine.

Aurelius previously made cash payments of $25,000 and issued 1.5 million shares to ALX.

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