June 2024 - Page 2 of 3 - MiningNewsWire

TuesdayJun 18, 2024 9:45 am

Fathom Nickel Inc. (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF) Announces High-Grade Mineralization at Historic Gochager Lake Deposit

FNICF’s recent drill program at Gochager Lake deposit showed significant high-grade mineralization Historical exploration at Gochager Lake in the 1960s set the stage for modern drilling, revealing high-grade nickel, copper, and cobalt mineralization FNICF completed 16 drill holes totaling 5,543 meters, defining a mineralized gabbro unit over 300 meters along a strike and exceeding 400 meters vertically FNICF also operates Albert Lake project, former site of the Rottenstone Mine Exploration activity at Albert Lake shows promising mineralization, part of a larger magmatic nickel system Fathom Nickel (CSE: FNI) (FSE: 6Q5) (OTCQB: FNICF), a Canadian natural resource development and exploration company…

TuesdayJun 18, 2024 9:00 am

Tartisan Nickel Corp. (CSE: TN) (OTCQB: TTSRF) (FSE: 8TA) Targets Rapid Global Growth in Nickel Demand

Tartisan Nickel Corp., a Canadian mineral and battery materials exploration and mining development company, is positioning itself to take advantage of the rapidly growing global demand for nickel This growth is primarily driven by continually developing needs in energy storage and EV applications and many low-carbon technologies Canada is currently ranked sixth in the world nickel mine production at 143,000 tons, and Tartisan expects to add to this through its flagship Kenbridge Nickel Project in Ontario The International Energy Agency projects that by 2040, the demand for nickel will increase by 40 times. This growth will be fueled by a…

MondayJun 17, 2024 10:00 am

Copper Producers Start Paying Attention to ‘Urban Mining’

For years now, manufacturers have been recycling and reusing copper. The International Copper Association estimates that roughly two-thirds of all the copper produced over the last century is still in use. The metal has been used in home appliances and electrical systems, among other applications. With experts forecasting that the need for the red metal will almost double come 2035, the need to increase these efforts is growing. Experts expect that the increased demand for the metal will be partly driven by the shift to renewable energy use, with some adding that the manufacture of cell phones as well as…

MondayJun 17, 2024 9:45 am

The Engine room of Canada’s Copper Rush: Torr Metals Inc.’s (TSX.V: TMET) Role in BC’s South–Central’s Landscape

Hudbay Minerals paying $439 million in June 2023 for 75% stake in Copper Mountain Mine exemplifies potential for Canada’s emerging “Copper Highway” Torr Metals recently expanded its land package at its Kolos Copper-Gold project in the heart of the region by 75% to 240-square kilometers Historical rock grab samples at Kolos have yielded high grades, such as 4.24 g/t Au, 0.52% Cu, and 11.3 g/t Ag, yields that company hopes will be further validated soon with the arrival of a spate of samples and survey data Canada's mining industry is booming and gaining steam, fueled by an increased focus on…

MondayJun 17, 2024 9:00 am

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) CEO Emphasizes the Importance of Mining Industry During Speech at NYC SME’s Annual Current Trends in Mining Finance Conference

Rob McEwen recently spoke at the NYC SME’s 9th Annual Current Trends in Mining Finance Conference, emphasizing the importance of mining in sustaining modern civilization McEwen pointed out that those opposed to mining often cite environmental concerns, but they fail to recognize the unintended consequences of shutting down industries that are fundamental to modern living McEwen offered 10 strategic recommendations to make mining relevant to the public and address industry challenges Rob McEwen, CEO of McEwen Mining (NYSE: MUX) (TSX: MUX), an asset rich diversified gold and silver producer in the Americas, recently spoke at the NYC SME’s 9th Annual Current…

FridayJun 14, 2024 10:00 am

Silver Riding High in Precious Metals Market

For the first time in more than 10 years, the price of silver exceeded $30 an ounce last week. The last time the metal’s price went past $30 was in 2011, when it almost hit $50. Compared to gold in percentage terms, silver seems to have performed better, despite gold’s strong bull run. Since February, the price of silver gained 44.6% while that of gold went up by some 21%. Mike Maharrey, a market analyst, explained that silver often performs better than gold in bull markets mainly because of industrial demand and higher volatility. He added that in a bull…

WednesdayJun 12, 2024 10:00 am

Major Global Economies Want End to Coal Funding by Private Sector

Major economies around the globe are focused on putting an end to coal projects receiving funding from the private sector. Coal power capacity worldwide currently stands at more than 2000 GW, with China developing an additional 500 GW. The economies want to finalize this move before the 2024 U.N. climate summit. If approved, this proposal by the Organization for Economic Cooperation and Development (OECD) would help limit funding for coal significantly. Coal is one of the largest contributors to climate change because it produces high amounts of carbon dioxide emissions when burned for energy, particularly in comparison to gas or…

TuesdayJun 11, 2024 11:15 am

Aston Bay Holdings Ltd. (TSX.V: BAY) (OTCQB: ATBHF) Reports Exploration Success in Storm Project Drilling Program

Drill program shows defined thick new copper zones, indicating the possibility of rapid and significant expansion The drilling program is being conducted by American West Metals Limited RC drilling will continue in the Storm area, testing geophysical targets to expand known mineralization and test potential new zones of mineralization Reverse circulation (“RC”) drilling that began earlier this year at Aston Bay Holdings’ (TSX.V: BAY) (OTCQB: ATBHF) Nunavut-based Storm Copper Project has already produced exciting results. The company is reporting that immediate exploration success defined thick new copper zones and indicated the possibility of rapid and significant expansion (https://ibn.fm/hKMIR). “It is very encouraging…

MondayJun 10, 2024 12:00 pm

GEMXX Corp. (GEMZ) Announces Definitive Agreement with Latin Energy Partners in Strategic Latin America Venture

The strategic venture marks a milestone in the company’s expansion into the energy sector, demonstrating GEMXX’s commitment to diversification and growth The project will be overseen by Dinesh Kumar Sarraf, the former chairman and managing director of Oil and Natural Gas Corporation Ltd, India's leading exploration and production company The drilling of the four test wells is set to begin in the coming months, with expected results providing valuable data on the region's oil potential GEMXX (OTC: GEMZ), a publicly traded exploration company engaged in gold, gemstones, oil, and gas, has announced the signing of a Definitive Agreement with Latin…

MondayJun 10, 2024 10:30 am

Emperor Metals Inc. (CSE: AUOZ) (OTCQB: EMAUF) (FRA: 9NH) Begins Fully Funded Phase II Drilling Program at Flagship Duquesne West Gold Property in Quebec

Emperor Metals’ 8,000 m drill program will focus on the open pit concept revealed during last year’s program Both high-grade resources of 5.8 g/t Au over 10.85 m and lower-grade bulk tonnage of 1.69 g/t Au over 25 m were intercepted in 2023 The company intends to continue leveraging its advanced artificial intelligence models to guide targeting efforts for the upcoming drill season The Duquesne West Gold Property hosts a historical inferred mineral resource estimate of 727,000 ounces of gold at a grade of 5.42 g/t and an average thickness of 5.71 meters in 4.171 million tonnes* (see note at…

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Month: June 2024