Artemis closes Blackwater project purchase

A Mongolian former finance minister, Bayartsogt Sangajav, has been arrested as part of an investigation into suspected abuse of power during investment talks for the giant Oyu Tolgoi copper mine in 2009.

“Despite the best efforts of both parties, negotiations failed to define a viable transaction," management said in a media statement.

The 30,000-hectare terrain between Earltown, Tatamagouche and Wentworth is considered to have potential for the development of multiple gold mines.

Robocop is comprised of five mineral claims totalling 9,891 acres north of the Canada-US border.

Operations at La Coipa mine, located in in northern Chile, were halted in 2013, when the targeted orebody run out of riches.

The miner is working towards reactivating its Aranzazu and São Francisco gold projects in Mexico and Brazil, respectively.

Lundin has been developing Fruta del Norte for over a year, following an agreement with Ecuador’s government allowing the miner to move ahead with the gold project, the country's biggest.

The state’s "bad actor" law has only been used once before, and Hecla’s president and chief executive officer, Phillips Baker is the first top executive at a large company to be scrutinized under it.

Results from 11 of the 12 drilling rigs at its 85%-owned Cascabel copper-gold project, suggest there is much more intense mineralization in the property than thought earlier, the company said.