Darnley Bay Resources Limited (TSX VENTURE:DBL) announces the results of an independent Preliminary Economic Assessment (“PEA”) of the 100% owned Pine Point Project located near Hay River, Northwest Territories. The PEA shows robust economic return with a relatively low capital cost compared to similar projects and an after-tax payback of only 1.8 years.
Red Eagle Mining Corporation (TSX: R, BVL: R, OTCQX: RDEMF) is pleased to provide an update on operations at the Santa Rosa Gold Project, Antioquia, Colombia and are pleased to have completed commissioning of the plant and producing 1,850 ounces of gold since start-up.
First Mining Finance Corp. announces the release of an initial Resource estimate for its Goldlund Gold Project located near the town of Sioux Lookout in northwestern Ontario.
Red Eagle Mining Corporation (TSX: R, OTCQX: RDEMF, BVL: R) is pleased to announce that it has poured first gold at the Santa Rosa Gold Project in Antioquia, Colombia.
Integra Gold Corp. (TSX VENTURE: ICG) (OTCQX: ICGQF) announces additional assay results from its 2016 drill program on the Triangle Deposit situated on the Lamaque Gold Project in Val-d’Or, Québec. Results continue to support gold zone continuity with infill drilling generally intersecting significantly higher grades and wider intervals than anticipated. The results announced today are from 14,550 m of drilling conducted in 2016 and assays are currently pending from an additional 32,900 m (109 drill holes) of diamond drilling at Triangle.
Here’s a look at K92 Mining’s recently announced PEA, what it means, why its significant, and how I plan on taking advantage of it. Also, a look at how the demand for gold in first half of 2016 has now surpassed that of 2009.