Aston Bay Pursuing C$4M Field Program at Storm Copper Project

Aston Bay Holdings has initiated at $C4 million field program at the Storm copper project on Somerset Island, Nunavut, Canada, where BHP Billiton can earn a 75% interest in the project by spending a minimum of C$40 million on qualifying exploration expenditures over a period of up to nine years. Aston Bay is currently the operator at the project and has no required exploration expenses for the first four years of the option agreement. BHP Billiton has the right to assume operatorship of the project at any time.

Read more ...

Kincora Consolidates Southern Gobi Copper-Gold Belt

Kincora Copper has reached an agreement that provides for consolidation of the majority of the prospective exploration licenses on the geological trend between and along strike from the Oyu Tolgoi and Tsagaan Suvarga copper mines in southern Mongolia. The agreement merges two Kincora subsidiaries with Ibex Land Mongolia LLC and Ibex Mongolia LLC, entities indirectly controlled by High Power Exploration Inc.

Read more ...

CanAlaska Enters C$20.4M Option Agreement With De Beers Canada

CanAlaska Uranium has entered into an option-participation agreement with De Beers Canada for exploration expenditures of up to C$20.4 million on kimberlite-style targets staked by CanAlaska in the northwestern Athabasca basin, Saskatchewan. The claims cover 75 kimberlite-style targets developed from a 2011 high-resolution airborne geophysical survey carried out on behalf of the Saskatchewan Geological Survey. The survey, flown at 400-m line spacing, revealed a series of discrete magnetic anomalies.

Read more ...

Nevsun Exploration Expanding Bisha Regional Resources in Eritrea

Nevsun Resources has reported new assay results from drilling at the Asheli prospect that is part of an ongoing regional exploration program at its Bisha operations in Eritrea. Nevsun discovered the Asheli deposit in April 2015, with initial exploration focusing on a 700-m-long section of highly sericite- and chlorite-altered felsic volcanics and associated small, pod-shaped surface gossans. Limited historical drilling had intersected only narrow stringer-style mineralization, with minor chalcopyrite and sphalerite, but no massive sulphides.

Read more ...

Resource Center Whitepapers, Videos, Case Studies

Let's stay in touch!

All of the latest mining news and our digital edition sent to your inbox once a week.

We'll never share your email address, and you can opt out at any time, we promise.