goldexploration
Quimbaya Gold (CSE:QIM,OTCQB:QIMGF)has begun exploration work and is now gearing up for a 3,000 meter drilling program at its newly acquired property in Segovia, Colombia, according to Alexandre Boivin, the company’s president and CEO. The 2,000 hectare mining property, prospective for gold and silver, is near Aris Mining’s (TSX:ARIS,NYSEAMERICAN:ARMN) Segovia operations in Antioquia, Colombia. The region is well known for its high-grade gold veins, making the acquisition highly significant for Quimbaya’s growth trajectory. “The goal in mining and exploration, like a company like Quimbaya, is ...
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Kula Gold (ASX:KGD) announced the start of a reverse-circulation drill program at its recently acquired Mount Palmer gold mine asset in the Southern Cross Goldfields last Wednesday (July 17). “The historic Mt Palmer Gold Mine (formerly known as the Yellowdine Mine) was last commercially mined in 1944 down to the 6th Level (160 meters) at 15.9 grams per tonne,” the company shared in a press release. The site historically produced approximately 158,000 ounces of gold at 15.9 grams per tonne prior to its closure in 1944. The onset of the Second World War and subsequent mine flooding left the site...
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Horizon Minerals (ASX:HRZ) will begin production at the Boorara gold project by September 2024 amid a continuing strong gold price environment, according to CEO Grant Haywood. The company’s recent merger with Greenstone Resources added about 0.5 million ounces of high-grade resources to Horizon, taking its total resource to 1.8 million ounces. With a large resource base, the company is implementing a dual-track strategy to advance the combined assets. “The two strains of the strategy are near-term cashflow. And the idea is that we'll develop and mine our assets using existing infrastructure in...
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Following the discovery of assay result inconsistencies at its Wawa gold project, Red Pine Exploration (TSXV:RPX,OTCQB:RDEXF) disclosed on May 10 that 532 out of approximately 98,000 assay results in its database appear to have been manipulated since it took ownership of the asset in 2014. An internal investigation has revealed that the assay result inconsistencies were caused by the actions of the company's former CEO, Quentin Yarie. The discrepancies were first reported by Red Pine on May 1. Yarie is alleged to have manipulated certain assay results received from Activation Laboratories, sub...
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Auric Mining (ASX:AWJ) has commenced Phase 2 of gold production at Jeffreys Find, with nearly 20,000 tonnes of ore delivered to the Coolgardie mill. The company’s managing director, Mark English, said the company is poised make a “substantial amount of money” in 2024 as it intends to double its production amid high gold prices. “We'll make sure to generate around $7 million worth of gross revenue out of this parcel. So throughout 2024, (with) 300,000 tonnes (of gold ore) going through that mill, we will certainly double our production on what we did compared to 2023 … This year, we'll do a min...
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