Past-producing gold mine in Manitoba being revived

They don’t call it “Windfall” Lake for nothing.

The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.

The Marathon deposit has the potential to develop an underground mine but for now management believes it’s more cost-effective to find open-pit resources at US$10 per ounce rather than more costly underground resources.

Deal with the Alaska Peninsula Corporation (APC) secures the company's right to use defined portions of APC lands to build and operate roads for the stalled Pebble copper-gold-silver project.

Bonterra says two rigs are currently in operation at Gladiator.

The company says it acquired the property because of increasing demand for vanadium, and in particular vanadium-redox flow batteries.

The 9,140-hectare project is located in the Red Lake District.

Chinese and Canadian authorities have approved the Zijin's bid to buy Nevsun Resources.

Toronto-based Nighthawk Gold completed almost 16,000 metres of drilling this summer at its Colomac gold project 220 km northwest of Yellowknife in the Indin Lake greenstone belt.