Gold price tumbles on covid vaccine breakthrough; UK court blocks lawsuit against BHP over Brazil dam burst; Alrosa’s pink diamond sets new record price at auction

Canadian explorer St-Georges Eco-Mining wants to revive Iceland’s long-dormant gold mining industry using primarily geothermal and hydro power.

The companies have critical rare earth element projects in the US and Canada.

Study for Kudz Ze Kayah (KZK) project in southeast Yukon suggests a “silver-dominant polymetallic mine” with strong cash flows and returns.

Company reported high-grade assays from its asset in Colombia including a record 5.73 grams gold per tonne and 5.2 grams silver per tonne over 63 metres from 356 metres downhole.

Company said these gold occurrences are similar to New Found Gold’s recent discovery.

Company expects to start production by the end of 2023.