New Found Gold reports highest grade drilled yet from Keats zone, shares soar

The company has started the permitting process for two high-grade satellite feeder pits that could increase production at its La India gold project in Nicaragua by 50% to 120,000 ounces a year.

The winner’s prize is an “opportunity to negotiate up to a $1 million investment” in their technology, either toward a proof of concept or direct investment.

Chief executive Mark Bristow will discuss a potential JV with rival Newmont only if his company runs the operation.

Move is part of an increasing wave of investment by mining and energy groups into technologies that suck carbon dioxide directly from the atmosphere and use it to make synthetic fuel.

About 27% of the diamonds at the company’s Orion South and Star exploration sites are type IIa, a category that represents less than 2% of all rough stones mined from kimberlites.

Cenovus Energy Inc., MEG Energy Corp. and Canadian Natural Resources the most affected.

The US mining giant also fired back with a deal that seeks merging operations in the state of Nevada.

The Buena Vista Hills cobalt - iron oxide - copper-gold project is located in Pershing County.

Ontario and Saskatchewan say the plan falls short in growing Canada’s reputation as a world leader.