Red Pine Exploration plunges as it retracts all assays for Wawa gold project

Proceeds will go towards developing the Madsen gold mine in Ontario.

The initial startup supply will be sourced from local artisanal mining cooperatives, promoting responsible sourcing, the company said.

Coeur acquired the Silvertip mine and mill in 2017 but ceased mining and processing in 2020.

The Raglan project has proven and probable reserves of 31.9 million tonnes grading 2.12% nickel, 0.81% copper and 0.05% cobalt.

The dispute hinges on the issuance of road construction permits by the Ontario Ministry of Natural Resources and Forestry.

The inbound flow is raising hopes among some junior miners that it will be easier to find Chinese funding.

The Canadian government has scrutinized Chinese investment in the country’s junior mining sector.

Newmont said last week it planned to sell six non-core assets.

The government funding represents about 25% of the total cost of the project in Labrador West.