Tahltan Nation invests $3.9 million in Skeena Resources

Australian experts are paying attention to low-impact exploration tools.

The company will focus on the Wedge, Fork, and Russet South satellite deposits with the object of converting and growing mineral resources used in the recently released preliminary economic assessment (PEA).

The mine, near Rankin Inlet in Nunavut, is expected to produce about 230,000 ounces of gold this year at total cash costs of $612 per oz.

Fidelity International said the bid was around 50% too low.

Gold premiums in top consumer China rose this week as investors bought the metal as a safe-haven due to rising trade tensions with the United States.

The BC-based miner owns 100% of the Djimbala project located in Mali’s Yanfolila gold belt.

Central banks around the globe have been on a gold buying spree this year, with Russia and China, leading the pack.

Investors worry a referendum on mining in Imbabura, the province in which its flagship Cascabel copper-gold project is located, could jeopardize the mine's future.

Gold Rock is one of the few federally-permitted development projects in Nevada.