Surface work is now under way and the first drill will be mobilized to the area shortly.

The historic Berens River mine produced 158,000 ounces of gold and 5.8 million ounces of silver between 1939 and 1948.

Trading firm has won a tender to sell cobalt metal for the miner, in a deal that propels it into the big league to rival the likes of Glencore.

Shares of Cardinal Resources soared 29.2% following the latest offer.

The Vancouver-based miner is interested in participating in the Mt. Peyton and Jonathan's Pond gold projects.

PEA for Troilus Gold’s namesake project in Quebec has outlined a 22-year, 35,000 t/d open pit and underground mine, with the 9,000 t/d sub-surface portion starting up in the eighth year.

Shares of Kutcho Copper surged over 20% to a 52-week high.