Articles for tag: East, exploration, Gold, McEwen, million, raises, stock, West

May 30, 2024

Ron Finklestien

mining

McEwen raises $22 million for Stock East and West gold exploration

After paying agents fees, McEwen expects to net C$28.5 million. The Fox gold complex covers 70 sq. km. along 18 km of the Destor-Porcupine fault. It includes the 2,000 tonne per day Black Fox mill and the Black Fox mine to the east. The measured and indicated resources are 14.3 million tonnes grading 4.14 g/t gold, containing close to 1.9 million oz. There is also an inferred resource of 4.2 million tonnes at 3.74 g/t gold, containing 503,000 oz. of gold. McEwen’s project pipeline includes the Fox gold project as well as Stock East and West. The former Stock mine

May 22, 2024

Ron Finklestien

mining

Kenorland stock surges as Centerra Gold takes 9.9% stake

Centerra made the investment through a private placement arranged by Kenorland, under which it plans to issue approximately 8.3 million flow-through common shares to national, Quebec- and Manitoba-based subscribers at different prices. Total proceeds to the company is estimated at C$9.86 million, based on an average issue price of C$1.186 per share. Kenorland said will use the funds to advance its group of exploration-stage projects across Canada, many of which are under partnerships. The company is already working with Centerra on the Hunter project in Quebec, in which the latter can earn an initial 51% interest by spending C$5 million

February 28, 2024

Ron Finklestien

mining

Exploring Golden Depths: McEwen Strikes Gold with Stock Gold Mine Drill Results

Unveiling the Riches of Stock East Zone Recent assays from the Stock East zone at the McEwen Mining site have unveiled a potential new source of near-term production. The drilling results have revealed some true width highlights that promise a glittering future: Hole SEZ24-86: 121.5 g/t gold over 0.4 meters Hole SEZ24-84: 6.5 g/t gold over 10.2 meters Hole SEZ24-88: 4.5 g/t gold over 10.4 meters The infill drilling conducted at Stock East zone has intersected mineable widths and grades, offering a glimpse into a prosperous horizon. Further, the drilling has pinpointed the direction of two plunges at Stock East,