Newmont terminates option on Nevada gold-silver project

The proposed mine, if built, would represent the largest in North America.

The South African firm has sold its 45% stake in Ghana's Asanko gold mine to joint venture partner Galiano Gold.

Proceeds will be used to fund its growth strategy, exploration, advance its Dugbe gold project in Liberia, and boost its balance sheet.

The $1.4 million private placement gives Agnico a 10.9% holding in FireFox.

Highlights include drill hole KBDD23536 in Boomerang Deep, which cut 9 metres grading 9.29 grams gold per tonne.

Fenix represents one of the largest undeveloped gold oxide, heap leach projects in the Americas.

The project includes the historic DeLamar gold mine and the past-producing Florida Mountain gold-silver mine.

Establishing the orientation of the mineralized zones is still in progress.

Reunion's main focus remains on exploring and developing its 100%-owned Oko West project in north-central Guyana.