VANCOUVER, British Columbia, Aug. 27, 2018 (GLOBE NEWSWIRE) -- Cameo Cobalt Corp. (TSX Venture: CRU) (OTC: CRUUF) (FWB: SY7N) (the “Company” or “Cameo Cobalt”) is pleased to announce it has entered into a share purchase agreement (the “Share Purchase Agreement”) to acquire Forrest Kerr Resources Inc. (“Forrest”), a privately-held British Columbia corporation which holds the Big Mac gold property, a large and prospective exploration project located in British Columbia's Golden Triangle. The Big Mac Gold Project shares more than 30 kilometres of contiguous claim boundaries on the east and west sides of Aben Resources Ltd.'s Forrest Kerr gold project. The Big Mac Gold Project is also located just north of properties owned by Garibaldi Resources Ltd. and Colorado Resources Ltd. /EIN News/ -- Project Highlights Claims are contiguous with Aben Resources in the Golden Triangle; Positions Cameo Cobalt in the Golden Triangle; Known skarn-style … [Read more...] about Cameo Cobalt to Acquire Big Mac Gold Project in British Columbia’s Golden Triangle; Adjacent to Aben Resources Ltd.
Barrick gold stock price
/EIN News/ -- All amounts expressed in U.S. dollars unless otherwise indicated Barrick reported a net loss of $94 million ($0.08 per share), and adjusted net earnings1 of $81 million ($0.07 per share) for the second quarter. The Company reported second quarter revenues of $1.71 billion, net cash provided by operating activities ("operating cash flow") of $141 million, and negative free cash flow2 of $172 million. Gold production in the second quarter was 1.07 million ounces, at a cost of sales applicable to gold3 of $882 per ounce, all-in sustaining costs4 of $856 per ounce, and cash costs4 of $605 per ounce. Copper production was 83 million pounds, at a cost of sales applicable to copper3 of $2.45 per pound, all-in sustaining costs5 of $3.04 per pound, and C1 cash costs5 of $2.10 per pound. Based on further positive drill results, Barrick is announcing a new, high grade gold discovery at Fourmile, located within … [Read more...] about Barrick Reports Second Quarter 2018 Results
Expands Land Package by 120% North Connecting Mother Lode and North Bullfrog VANCOUVER, British Columbia, July 12, 2018 (GLOBE NEWSWIRE) -- Corvus Gold Inc. (“Corvus” or the “Company”) - (TSX:KOR) (OTCQX:CORVF) announces it has received additional results from its resource expansion drill program on the western extension of the 100% owned Mother Lode deposit (Figure 1 & 2). The most recent result, hole ML18-068, the western-most hole drilled to date, returned 109.73 metres @ 1.40 g/t gold from the feeder structure for the main Mother Lode deposit (Table 1). This is the broadest intercept in the West Zone feeder structure returned to date and continues to highlight the importance of this new area which was also intersected in earlier reported holes ML18-067 (NR18-12, June 13, 2018, 18.3m @ 4.02 g/t Au) and ML18-060 (NR18-10, May 24, 2018, 24.4m @ 3.10 g/t Au). Recently completed holes in the West Zone (ML18-072 to 18-075) are pending assays and … [Read more...] about Corvus Gold Drills 109.7 Metres @ 1.4 g/t Gold (including 54.8m @ 1.86 g/t gold), West Zone Stepout, Mother Lode Project, Nevada
VANCOUVER, British Columbia, April 24, 2018 (GLOBE NEWSWIRE) -- Contact Gold Corp. (the “Company” or “Contact Gold”) (TSXV:C) is pleased to announce the start of the Company’s 2018 exploration program at the Pony Creek gold property (“Pony Creek”), located on the Carlin Trend in Elko County, Nevada, immediately south of Gold Standard Venture’s Railroad project. Key Points: The drill program comprises 16,000 metres and is expected to run through November One core drill rig and one RC drill rig will be mobilized to drill 70 holes on newly generated, high priority, previously undrilled targets, and to expand existing gold zones The program will be 25% core and 75% reverse circulation drilling, designed to advance four priority areas (Bowl zone, North zone, West target, and the Moleen target) Drill metres are allocated on a 50/50 basis on expanding existing zones vs. testing new targets Drilling will start at the Bowl Zone, … [Read more...] about Contact Gold Announces Start of 16,000 Metre Drill Program at Pony Creek, Nevada
Barrick reported first quarter net earnings attributable to equity holders ("net earnings") of $158 million ($0.14 per share), and adjusted net earnings1 of $170 million ($0.15 per share). The Company reported first quarter revenues of $1.79 billion, net cash provided by operating activities ("operating cash flow") of $507 million, and free cash flow2 of $181 million. Gold production in the first quarter was 1.05 million ounces, at a cost of sales applicable to gold3 of $878 per ounce, all-in sustaining costs4 of $804 per ounce, and cash costs4 of $573 per ounce. Copper production was 85 million pounds, at a cost of sales applicable to copper3 of $2.07 per pound, all-in sustaining costs5 of $2.61 per pound, and C1 cash costs5 of $1.88 per pound. We continue to expect full-year gold production of 4.5-5.0 million ounces, at a cost of sales3 of $810-$850 per ounce, all-in sustaining costs4 of … [Read more...] about Barrick Reports First Quarter 2018 Results