Articles for tag: advance, American, Creek, Earths, Halleck, million, project, raises, rare, Wyoming

February 29, 2024

Ron Finklestien

mining

Exploring the Depths: American Rare Earths Funds Halleck Creek Venture with $8.7 Million Infusion

Updated Mineral Resource Estimate American Rare Earths recently unveiled the latest mineral resource estimate for its Halleck Creek project in Wyoming. The figures showcase a substantial 64% increase in the in-situ tonnage, compared to the previous assessment conducted last autumn. Impressive Increase in TREO The updated resource estimate reveals a total of 2.34 billion tonnes of material, with a grading of 3,196 parts per million (ppm) total rare earth oxides (TREO), including neodymium (Nd) and praseodymium (Pr) oxides. This translates to 7.48 million tonnes of contained TREO, marking a significant upsurge. Among the estimated amount, 1.42 billion tonnes fall under

February 27, 2024

Ron Finklestien

mining

Investors Rally Behind Coeur’s $25 Million Funding Initiative for Canadian Venture

The Silvertip Project Revival The Silvertip mine and mill in B.C. have been on care and maintenance since 2020. Credit: Coeur Mining Coeur Mining (NYSE: CDE) is embarking on an initiative to offer approximately 7.7 million flow-through shares, aiming to secure C$34 million ($25m). This capital injection will be channeled towards propelling exploration activities at its Silvertip silver-zinc-lead property, nestled in the heart of British Columbia, a mere 16 km south of the Yukon border. The strategic acquisition of the Silvertip mine and mill in 2017 was indeed a pivotal move by Coeur. However, operations at the site came to

February 8, 2024

Ron Finklestien

mining

Capstone’s $265 Million Funding Boost for Chilean Copper Projects

Capstone Initiates Major Investment in Chilean Copper Operations Capstone, a Vancouver-based miner, has recently raised an impressive $265 million to advance its Chilean copper endeavors, symbolizing a significant and highly anticipated development in the mining sector. The funding will play a crucial role in propelling Capstone’s Mantoverde and Santo Domingo projects to new heights. Funds Allocation and Project Details The company plans to utilize the net proceeds from the offering to enhance its Chilean copper developments, particularly the Mantoverde optimized project and Santo Domingo detailed engineering, as well as for future exploration programs. The Mantoverde project boasts the potential to

February 7, 2024

Ron Finklestien

mining

Banyan Unveils New AurMac Resource Update: 7 Million Ounces of Gold

New Horizons for AurMac Resource In a revelation that has sent ripples through the mining world, Banyan Gold has announced a substantial increase in the AurMac resource. Identified as rich in calcareous and quartz vein-hosted deposits, the resource now boasts a staggering 7 million oz. of gold. This development follows extensive exploratory efforts, including 139 drill holes in the Airstrip deposit and 954 holes in the Powerline deposit. Metallurgical Discoveries Tara Christie, Banyan Gold’s CEO, hailed the AurMac project’s richness, highlighting its feasibility for conventional mining processes. Metallurgical studies revealed the potential for carbon-in-pulp and carbon-in-leach, flotation, and heap leaching

February 6, 2024

Ron Finklestien

mining

Goldshore’s Moss Project in Ontario Goldshore’s Moss Project in Ontario: The Golden Haven

Goldshore has just counted over 6.7 million ounces at its Moss project in Ontario, marking a 1% increase in tonnage and an 11% increase in overall grade. This new record surpasses the earlier resource estimate of 6 million ounces in material grading 1.02 g/t gold conducted in May 2023. The next step in this exciting journey is to complete a preliminary economic assessment. The Moss project spans several targets along a 35-kilometer mineralized trend. Interestingly, the former North Coldstream mine, located near the center of the trend, produced 103 million pounds of copper, 44,000 ounces of gold, and 440,000 ounces