World Copper PEA for Escalones offers post-tax NPV of $1.5bn, payback in 2.2 years

Bloom Lake produced 2.2 million tonnes of high-grade iron ore concentrate during the three months to September.

Drilling around last year’s discovery hole at the Keats zone within New Found Gold’s wholly owned Queensway gold project in Ontario has returned long intervals of high-grade gold.

Average annual production at Black Butte is estimated at approximately 23,000 tonnes of copper.

As the developer prepares its PureGold mine in Ontario for a first gold pour by year-end, the company has reported high-grade intercepts from its 30,000-metre infill and step-out program.

Drill hole GR20-01 intersected 3.05 metres grading 2.3 grams gold per tonne starting from surface, and GR20-02 cut 3.05 metres grading 1.4 grams gold from 3.05 metres downhole.

The company has developed a proprietary thermochemical purification technology that it says is very effective at purifying larger particle sizes and will allow it to produce high-purity, carbon-neutral graphite flakes.

The results were highlighted by hole GS-20-75, which hit 1,152 metres of 0.74 g/t gold-equivalent (0.57 g/t gold, 1.75 g/t silver and 0.1% copper) from 112 metres.

The drillhole highlights include 15 metres of 9.7 g/t gold from a vertical depth of 177 metres in hole 118.

Company sealed an agreement to buy Empire Metals' share in the Bolnisi copper/gold project for C$7-million.