NovaGold Resources Inc. announced that it has obtained a secured bridge loan in the amount of US$20 million from Auramet Trading, LLC. Auramet, based in Fort Lee, New Jersey, is a leading merchant banking and advisory firm specializing in the global resource sector. The proceeds of the Loan will be used by NovaGold for general [...]
Rimfire Minerals Corporation announce that in partnership with Inmet Mining, it has commenced the second phase of fieldwork at the Grizzly Property in northwest British Columbia. Phase 2 will consist of 1500 metres of drilling aimed at targets defined by the first phase program which included prospecting, mapping, soil geochemistry and a 32 line kilometre [...]
NovaGold Resources Inc. announced that it has reached a binding agreement to sell its interest in the Ambler Option Agreement, representing up to a 51% interest in the Ambler copper-zinc polymetallic project, along with its early stage base metal properties in Alaska for $20 million in common shares of Mantra Mining Inc.. Under the agreement [...]
Roca Mines Inc. reports that a possible new molybdenum system has been discovered in close proximity to the recently completed Adit #2 at the MAX Molybdenum Mine.
Drilling targeted a molybdenum biogeochemical anomaly with a surface footprint of 150 metres (m) X 350 m and centered approximately 200 m north of Adit #2. Two initial holes [...]
NovaGold Resources Inc. announced that it has reached a binding agreement to sell 100% of its NovaGreenPower subsidiary for up to $40 million to AltaGas Ltd., a Calgary based energy infrastructure company. NovaGreenPower owns several development-stage run-of-river hydroelectric projects located in northwest British Columbia.
The transaction is expected to close later today, with payment to NovaGold [...]
Cadillac Mining Corporation announces that it has entered into an option agreement with the Estate of Frank Onucki to acquire 567 hectares of mineral claims comprising the Herd Dome copper property. Located in the Omineca Mining Division of west central British Columbia, the prospect is situated 70 kilometers southwest of Houston, BC in a region [...]
Hard Creek Nickel Corporation The Northwest Power Line Coalition released preliminary findings today of a study on the potential benefits of a power line along Highway 37 in northwest British Columbia.
According to preliminary findings provided by Macquarie North America, providing electric power along Highway 37 has the potential to achieve $3.5 billion in capital investments [...]
Barrick Gold Corp., the world’s largest gold producer, said fourth-quarter profit more than doubled as prices climbed, and acquisitions and new mines boosted production.
Net income surged to $418 million, or 48 cents a share, from $175 million, or 32 cents, a year earlier, the Toronto-based company said today in a statement. Sales gained 74 percent [...]
BCGold Corp. is pleased to announce the closing of its Qualifying Transaction under the policies of the TSX Venture Exchange, subject to the receipt of final approval of the TSX Venture Exchange. BCGold has issued 100,000 units to Kaminak under the option agreement signed with Kaminak Gold Corporation (”Kaminak”), whereby BCGold can acquire up to [...]
NovaGold Resources Inc., the target of a hostile takeover bid from Barrick Gold Corp. (TSX:ABX), increased its mineral resource estimates Thursday based on results from a drilling program at its Donlin Creek and Galore Creek projects.
The Vancouver miner said its gold measured and indicated resources had been revised upwards by 14 per cent to 20.6 [...]
