The lawsuit was launched in response to a shooting incident in 2013 at Tahoe's Escobal mine in south-east Guatemala.

The Benchmark geological team has hit targets on 100% of the drill holes, says the company.

The precious metals sector appears to have started a correction.

As the global demand for base metals grows, the mining industry is on the hunt for new deposits that can be developed into operating mines.

The white metal thrives mostly only when gold psychology is bullish.

Global benchmark spot gold held above $1,400 an ounce this week, up more than 10% this year.

The five-year permit encompasses an expanded scope and scale to explore existing and new targets across the property.

Shares of Regulus Resources jumped by more than 12% on the news.