Nexus Gold Corp. (TSXV:NXS) is a Vancouver-based exploration company that is currently focused on its Walker Ridge Gold Project in Nevada. Geochemical targeting at Walker Ridge showed a concentric “bullseye” around a highly concentrated mercury center. Antimony previously lead to the discovery of gold deposits at the neighbouring Jerritt Canyon Mine.
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Paul Wright, CEO of Eldorado, joined Henry Bonner of Sprott Global Resource Investments to discuss his company’s partial divestiture of its Chinese mines and projects. What he said is useful for investors who are looking at opportunities outside the US and Canada.
Investors and market watchers are no doubt impressed by the company’s progress and are likely wondering how Osisko was able to make such a big move so quickly. Gold Investing News spoke with CEO Sean Roosen to get a little more insight into the deal.
Sarama Resources has entered into an agreement that gives Acacia Mining the right to earn a significant interest in its South Hounde project, located in Burkina Faso.
Sarama Resources (TSXV:SWA) has entered an earn-in agreement on its South Houndé Project in Burkina Faso with Acacia Mining (FWB:33A), formerly known as African Barrick Gold. Acacia will be able to earn up to a 70 percent interest in the project over a four year earn-in period, and may earn a further 5 percent interest on declaration of a minimum mineral reserve at South Houndé.
Reuters reported that the transitional government in Burkina Faso plans to review mining contracts signed by the former president. The move comes in response to concerns that “some were agreed in opaque conditions.”
Roxgold (TSXV:ROG) reported its financial results for the three months ended September 30th. The company reported a net loss of $911,000 for the quarter, and had $18,420,000 in cash and cash equivalents as of September 30. In the fourth quarter, the company plans to continue to advance its Yaramoko gold project in Burkina Faso.
Henry Bonner of Sprott’s Thoughts recently had a look at the risks faced by investors when it comes to companies working in Burkina Faso.
Asanko Gold Inc. (TSX:AKG,NYSENKT:AKG) announced that it has awarded the mining contract for Phase 1 of its Asanko gold mine. Phase 1 is fully permitted, and construction started in August.
Known for investing in micro- and small-cap resource companies, Pinetree Capital and CEO Sheldon Inwentash are household names when it comes to the junior resource sector. But what does it mean when one of the market’s biggest players decides he wants out?