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Junior Exploration Sector

Reddit squeeze goes nuclear, boosting uranium-related investments – by Niall McGee (Globe and Mail – September 14, 2021)

https://www.theglobeandmail.com/

A speculative rally fuelled by Reddit is juicing the price of uranium and investments with exposure to the commodity, leaving investors and companies alike wondering how long the run will last.

The Sprott Physical Uranium Trust, an exchange-traded investment that tracks the price of uranium, rose by 15.5 per cent on Monday on the Toronto Stock Exchange. Shares of uranium miner Cameco Corp., which have rallied 55 per cent since late August, ended the day flat after being up by 8 per cent at one point. Another producer, Denison Mines Corp., rose by 3 per cent on the New York Stock Exchange.

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Four supersized exploration programs – by Staff (Canadian Mining Journal – September 10, 2021)

https://www.canadianminingjournal.com/

Gold exploration in Canada is on the upswing. A strong rise in the yellow metal’s price leading up to the August 2020 peak above US$2,000 per oz. has spurred on exploration in Canada that may lead to the nation’s next new mines.

It’s also had the effect of supersizing drill programs for juniors with promising discoveries, savvy management and talented exploration teams. There are now several juniors carrying out supersized drill programs involving 100,000 metres or more in a single year – in many cases before a resource has been compiled for the project. Here’s our look at four such projects.

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Sudbury Accent: Wolf Lake supporters worry about its future – by Jim Moodie (Sudbury Star – July 31, 2021)

https://www.thesudburystar.com/

They want it to become a park, but the area is also home to promising mine exploration

There’s a smoky haze overhead and the remains of an old cabin near our tent. Neither really detracts from this visit to Wolf Lake, arguably still the most scenic location in the Sudbury area, not to mention its most ecologically significant.

In some ways they only enhance the experience. I have never seen a sun so diffuse and orange, for instance, nor do I remotely mind — being a cabin dweller myself — finding traces of a rudimentary abode in the bush.

They do prove, however, that Wolf Lake is not quite so pristine or isolated as one might think, or wish to be the case. It has been inhabited in the past, and it won’t escape an ill wind of the present.

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First Nation and gold junior miner set the ground rules for exploration – by Staff (Northern Ontario Business – July 29, 2021)

https://www.northernontariobusiness.com/

First Mining inks exploration agreement with Animakee Wa Zhing #37 on drill program near Sioux Narrows

A Vancouver mine gold developer has signed a mineral exploration agreement with a northwestern Ontario First Nation.

First Mining Gold entered into the agreement with Animakee Wa Zhing #37 First Nation (AWZ 37) with an upcoming drilling program scheduled at the company’s Cameron Gold Project, just east of Sioux Narrows and 80 kilometres southeast of Kenora.

The 528-square-kilometre property is within the traditional territory of AWZ 37. The agreement between the company and the community sets out the framework for communication and cooperation for exploration activities that could involve hauling away an old ore pile on the property for processing elsewhere.

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Bigger than Voisey’s: Canada Nickel files PEA for Crawford mine in Ontario – by Cecilia Jamasmie (Mining.com – July 12, 2021)

https://www.mining.com/

Canada Nickel Company (TSX-V: CNC) announced on Monday it had filed a preliminary economic assessment (PEA) for the Crawford nickel sulphide project in Ontario, almost a year after exploration drilling began at the asset.

The PEA envisions a conventional open pit mine and mill that will produce both nickel and magnetite concentrates over a mine life of 25 years.

The operation is set to generate 2.05 tonnes of carbon dioxide per tonne of nickel-equivalent production in the period — 93% lower than the industry average of 29 tonnes of CO2.

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Timmins gold explorer makes new discovery – by Staff (Northern Ontario Business – July 13, 2021)

https://www.northernontariobusiness.com/

Galleon Gold intends to release preliminary economic assessment for open-pit mine in September

Galleon Gold has made a new gold discovery at its West Cache Gold Project, west of Timmins, where it wants to develop an open-pit mine.

The Toronto junior miner reports finding multiple gold zones in a mineralized area that it’s calling the South Area Discovery. West Cache is 13 kilometres west of Timmins. Highway 101 runs through the 3,700-hectare property.

The company has been talking up West Cache’s “blue sky potential” since kicking off a 46,000-metre drill program in June 2020 that’s continued well into this year.

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Exploration roundup: The search for battery metals charges up these Temiskaming junior miners – by Staff (Northern Ontario Business – June 15, 2021)

https://www.northernontariobusiness.com/

Untapped resources of silver and cobalt bring out the drill rigs to historic northeastern Ontario mine properties

A surge of exploration activity is taking place in the historic mining camps of the Temiskaming area as junior miners poke holes and survey ground in looking for new veins of silver and bypassed stockpiles of cobalt, needed for the electric vehicle market and to feed the critical minerals supply chain.

A steady diet of high-grade silver results have been emanating from a former Temiskaming silver mine where Vancouver junior miner Brixton Metals has been exploring an unmined portion of its 3,200-hectare property.

The company released the last batch of drill results from an 18,000-metre fall and winter drilling program at its Langis Project, situated just north of Lake Temiskaming and very close to the Québec border.

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Ginoogaming First Nation gold mine lawsuit charts new legal ground – by David P. Ball (Windspeaker.com – June 2, 2021)

https://windspeaker.com/

A First Nation is taking the Ontario government and gold explorers to court to prevent mining activity on 260 square kilometres of the Nation’s territory.

On Tuesday, Ginoogaming First Nation went to the Ontario Superior Court seeking an injunction against mining activities until the Nation can argue its full legal rights.

At stake is a sacred area of land in Ginoogaming territories known as Wiisinin Zaahgi’igan, which roughly translates to English as “the place where you get food.” But the Nation says it is much more than that.

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JV Article: Kirkland Lake Gold partnership could lead to world-class discoveries, says Stephen Stewart of Orefinders and Mistango – by Staff (Northern Miner – May 30, 2021)

https://www.northernminer.com/

A new strategic partnership and equity investment by Kirkland Lake Gold (TSX: KL; NYSE: KL; ASX: KLA) into Orefinders Resources (ORX: TSXV) and Mistango River Resources (CSE: MIS) will allow the two Canadian juniors to “unlock the full potential of their assets,” says Stephen Stewart, CEO of Orefinders and chairman of Mistango.

Under the proposed partnership agreement, Kirkland Lake Gold has acquired a 9.9% stake in each of the juniors. Additionally, Kirkland Lake will also have the option to acquire up to a 75% interest in specific projects under the companies’ portfolio of assets in exchange for a total combined $120 million investment.

This is the second high-profile investment that Orefinders and Mistango have received in the last year as billionaire investor, and former chairman of Kirkland Lake Gold, Eric Sprott has made four separate investments into the two companies over that period.

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Newmont completes acquisition of GT Gold – by Cecilia Jamasmie (Mining.com – May 17, 2021)

https://www.mining.com/

Newmont (NYSE: NEM) (TSX: NGT), the world’s No. 1 gold miner, completed on Monday the acquisition of GT Gold, after it grabbed the remaining 85.1% of common shares of the Canadian explorer it did not already own.

The C$393 million ($325m) cash deal, first announced in March, gives the US-based gold giant the Tatogga gold-copper project, located in the Traditional Territory of the Tahltan Nation.

“With the acquisition of GT Gold and the Tatogga project in the highly sought-after Golden Triangle district of British Columbia, Canada, Newmont continues to strengthen our world-class portfolio,” Newmont president and CEO Tom Palmer said in the statement.

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Drill rigs turning for gold, palladium discoveries on Superior’s North Shore – by Staff (Northern Ontario Business – May 14, 2021)

https://www.northernontariobusiness.com/

Exploration boom in the northwest continues for precious, industrial and ‘green’ metals

Gold and palladium exploration continues to dominate activity along the north shore of Lake Superior.

A mix of junior miners are either securing an initial foothold in northwestern Ontario, drilling off deposits, or approaching environmental and regulatory milestones in advancing their projects toward production.

Sudbury’s Manitou Gold is picking up the pace of exploration at its Goudreau Project, outside Dubreuilville. Since raising $5 million in financing last month, the company boosted its drill program from 10,000 metres to 30,000 metres.

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Australia announces A$100m commitment to junior mining exploration – by Mariaan Webb (MiningWeekly.com – May 5, 2021)

https://www.miningweekly.com/

Australian Resources Minister Keith Pitt on Wednesday announced a A$100-million funding boost for exploration, extending the junior minerals exploration incentive (JMEI) for another four years in a move to attract new investors.

The JMEI, which allows eligible companies to access tax incentives, encourages companies to explore for resources in untapped areas of Australia. To date, it has supported 85 junior exploration companies, half of which are headquartered in Western Australia.

“We need to ensure that we have a continuous investment pipeline for development across regional Australia,” said Pitt. “Our successful, stable and secure resources sector is underpinned by our world-class junior explorers.”

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BCSC halts trading in Valorem, one of four miners targeted in apparent pump-and-dump scam – by Niall McGee (Globe and Mail – May 4, 2021)

https://www.theglobeandmail.com/

The British Columbia Securities Commission has halted trading in Valorem Resources Inc., one of four small Canadian mining companies targeted this year by an apparent international “pump and dump” ring that has caused stock market chaos.

The provincial securities regulator said it made the decision to halt trading in the Canadian Securities Exchange-listed exploration company after its share price ran up by 62 per cent and its volume jumped by 238 per cent.

The increases followed “unsubstantiated statements” about Valorem on a website called The Financial News.

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US Department of Energy provides funds for First Cobalt’s Iron Creek project – by Staff (Northern Miner – April 2021)

https://www.northernminer.com/

The U.S. Department of Energy’s Critical Materials Institute is giving Toronto-based junior First Cobalt (TSXV: FCC; US-OTC: FTSSF) US$600,000 over two years for research on mineral processing techniques for the company’s Iron Creek copper-cobalt project in Idaho.

The funding, matched by the company, will be spent on “identifying more efficient and environmentally friendly methods to process cobalt ore from pyrite material,” First Cobalt announced in a press release, and will be part of a “collaborative research effort” with the Colorado School of Mines’ Kroll Institute for Extractive Metallurgy (KIEM).

Trent Mell, First Cobalt’s president and CEO, said the company plans to build an underground mine and processing facility at Iron Creek and “can take advantage of new and emerging technologies that reduce waste material coming out of the mine and reduce the amount of energy required to process the ore.”

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Cobalt hunter eyes Gowganda, Elk Lake for processing hub – by Staff (Northern Ontario Business – April 26, 2021)

https://www.northernontariobusiness.com/

Battery Mineral Resources posts resource estimate of cobalt and silver deposit

Battery Mineral Resources (BMR) has come out of the shadows to post a first-time resource for a cobalt and silver property, southwest of Gowganda.

The low key Vancouver-based explorer, formerly known as Fusion Gold, released a maiden resource of more than a million pounds of cobalt at its McAra Project, according to an April 22 news release.

As the largest claims holder in the historic Gowganda-Cobalt silver mining camp, BMR thinks there’s enough mine potential among its nine exploration properties clustered in this area to consider establishing a processing plant.

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