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Abcourt Processes the First Tonnes of Mineralized Material in Its Mill at the Sleeping Giant Mine
V.ABI | 7 hours ago
ROUYN-NORANDA, Quebec, Nov. 22, 2023 (GLOBE NEWSWIRE) --
Abcourt Mines Inc. (“Abcourt” or the “Corporation”) (TSX Venture: ABI) is pleased to announce the
start-up of the Sleeping Giant Mill. The first tonnes from the Pershing-Manitou deposit began to be
processed on Tuesday, November 21. On September 14, Abcourt began the restart work at the
Sleeping Giant Mill to process material from the Pershing-Manitou project.
Abcourt begins the processing with the bulk sampling of 5,000 tonnes of material from the Pershing-
Manitou deposit. This sample was extracted from the mineral resources of the Pershing-Manitou
deposit.
During the processing campaign for the 5,000 tonnes of Pershing-Manitou, an independent firm
specialized in metallurgy will supervise the milling campaign and reconcile the milled grades with the
grades of the extracted mineral resources. Abcourt plans to process between 600 and 800 tonnes per
week initially, and gradually increase the weekly tonnage. Subsequently,
Abcourt will process 400 tonnes of ore remaining in the surface silo of the Elder mine in order to clean
and evacuate the potentially high-grade material from the Pershing-Manitou deposit out of the
grinding circuit.
Finally, Abcourt will begin processing material coming directly from the Sleeping Giant mine after processing the 400 tonnes from the Elder mine. During the coming months, Abcourt's objective is to carry out definition and exploration drilling to prepare an updated mineral resources estimate, and subsequently, complete an economic pre-feasibility study (PFS). While we advance preparations for the PFS, Abcourt will feed the mill with mineralized material from the 4 upper levels of the underground mine.
QUALIFIEDS PERSONS
Mr. Pascal Hamelin, ing, President and Chief Executive Officer of Abcourt, has verified and approved the technical information contained in this press release.
ABOUT ABCOURT MINES INC.
Abcourt Mines Inc. is a Canadian gold exploration company with properties strategically located in northwestern Quebec, Canada. Abcourt 100% owns the Sleeping Giant mill and mine where it concentrates its activities. The Sleeping Giant mine has a mining lease, as well as environmental certificates of authorization to extract up to 750 tonnes per day from its underground mine.
For further information, please visit our website at www.abcourt.ca and consult our filings under Abcourt's profile on www.sedarplus.ca, or contact:
Pascal Hamelin
President and CEO
T: (819) 768-2857
E: phamelin@abcourt.com Dany Cenac Robert, Investor Relations
Reseau ProMarket Inc.,
T: (514) 722-2276, post 456
E: dany.cenac-robert@reseaupromarket.com
Cautionary Statement on Forward-Looking Information
This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Such forward-looking information includes, but is not limited to, statements concerning the timing, review, completion and filing of the Required Documents as well as the duration of the MCTO. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, delays in obtaining or failures to obtain required approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR+ at www.sedarplus.ca. Although the Corporation believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
https://abcourt.ca/wp-content/uploads/2023/06/Abcourt-Investor-Presentation-2023-06-v0.pdf
https://abcourt.ca/wp-content/uploads/2023/07/English-Abcourt-quick-fact-sheet-14.7.23-A4-2.pdf
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172397053
https://abcourt.ca
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$Aris Mining’s 2023 PM Zurich Conference Presentation
Below is the link to $Aris Mining's 2023 Precious Metals Zurich Conference Presentation lead by CEO, Neil Woodyer.
Nov 17, 2023
Neil Woodyer, CEO of $Aris Mining, presents at the 2023 Precious Metals Zurich Conference (November 12, 2023).
Aris Mining Corporation
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Aris Mining’s 2023 PM Zurich Conference Presentation
Below is the link to Aris Mining's 2023 Precious Metals Zurich Conference Presentation lead by CEO, Neil Woodyer.
Nov 17, 2023
Neil Woodyer, CEO of Aris Mining, presents at the 2023 Precious Metals Zurich Conference (November 12, 2023).
Aris Mining Corporation
Welcome - Derek Johnson Update Today 11/9/23: "u.s Military Report November 9, 2023"
Restored Republic US
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https://rumble.com/v3unsnj-derek-johnson-update-today-11923-u.s-military-report-november-9-2023.html
$GOLD PRICES HIT ALL TIME HIGH IN AUSTRALIA, JAPAN, CHINA, TAIWAN | CNBC TV18
WATCH
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Nah- Silver is extremely undervalued even though it’s mined at a 7-1 ratio compared to gold. Silver’s uses outperform gold in every way!
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80.89
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gold is way to go
Central Banks On Course For "Colossal" Year Of Gold Buying
Tyler Durden's Photo
BY TYLER DURDEN
FRIDAY, NOV 03, 2023 - 04:20 AM
Via SchiffGold.com,
After setting a record through the first half of the year, central banks continued to gobble up gold in the third quarter.
https://www.zerohedge.com/commodities/central-banks-course-colossal-year-gold-buying
Gold Breaks Out of Inside Day: Bullish Momentum Building
By: Bruce Powers | November 3, 2023
• Amid strong upward movement, gold targets a breakout above the trend high, setting the stage for a possible new record monthly close in November.
Gold broke out of yesterday’s inside day today on a rise above 1,991.
It subsequently reached a three-day high of 2,004.
A daily close above 1,991 will confirm the inside day breakout and a close above the three-day high of 1,984 shows further strength.
Further, for the short term, a daily close above the middle of today’s range around 1,994 will show greater strength than a close below that level.
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ARIS MINING INCREASES SEGOVIA OPERATIONS' MEASURED AND INDICATED MINERAL RESOURCES BY +114% TO 3.6 MOZ AT 14.34 g/t AU
November 02, 2023
VANCOUVER, BC, Nov. 2, 2023 /PRNewswire/ -
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE: ARMN) announces updated mineral resource estimates for its
Segovia Operations in Colombia effective September 30, 2023 (the "2023 MRE").
Aris Mining will file an updated technical report in support of the 2023 MRE within 45 days of this news release.
https://www.aris-mining.com/news/news-details/2023/ARIS-MINING-INCREASES-SEGOVIA-OPERATIONS-MEASURED-AND-INDICATED-MINERAL-RESOURCES-BY-114-TO-3.6-MOZ-AT-14.34-gt-AU/default.aspx
Neil Woodyer, CEO of Aris Mining, commented "In early 2023, Aris Mining launched a strategic exploration and infill drill program at
the Segovia Operations and a review of the geological interpretation and resource estimation methodology.
After assessing the findings of our reviews as well as our impressive mid-year drilling results (see News Release from August 16, 2023),
we decided to expedite the process of updating our mineral resource and mineral reserve estimates. Segovia has a history of expanding its
gold resources and this current estimate represents a leap forward.
We are now in the process of updating the mineral reserve estimates, which is expected to be completed by the end of November."
Figure 1: Growth of gold mineral resources (in million of ounces or Moz), net of production depletion1
https://www.aris-mining.com/news/news-details/2023/ARIS-MINING-INCREASES-SEGOVIA-OPERATIONS-MEASURED-AND-INDICATED-MINERAL-RESOURCES-BY-114-TO-3.6-MOZ-AT-14.34-gt-AU/default.aspx
Watch Update from one of the world's highest-grade gold mine | In Conversation with Aris Mining
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Canadian Gold Corp. Announces Exploration and Financing Update
October 31, 2023
Toronto, Ontario – October 31, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce the completion of its regional field exploration program, and that planning for a November, 2023 phase 2 drill program at the 100%-owned Tartan Mine, situated in the prolific Flin Flon-Snow Lake Greenstone Belt, Manitoba, is currently underway.
https://canadiangoldcorp.com/news-2023/
Canadian Gold Corp. Announces Non-Brokered $2.25 Million Financing, Lead order from Rob McEwen the Company’s Largest Shareholder
October 18, 2023
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that it has initiated a non-brokered private placement offering of up to $2,225,000, by the issuance of both flow-through common shares and non-flow through Units. Rob McEwen, the Company’s largest shareholder (37.6% of the outstanding common shares) has committed to purchase $500,000 of the Units.
Edward Huebert Appointed President and CEO
October 18, 2023
Toronto, Ontario – October 18, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce, with the endorsement of Rob McEwen (the Company’s largest shareholder – 37.6% of the outstanding common shares), the appointment of Edward (Ed) Huebert, as President, Chief Executive Officer, and director. Ed will be replacing Ian Ball, who was serving as Interim President and CEO.
Phase 1 Exploration & Development Update at Tartan Mine
September 27, 2023
Toronto, Ontario – September 27, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce additional drill results from its Phase 1 Exploration Program at the Tartan Mine, located near Flin Flon, Manitoba, which builds on the earlier drill holes that are targeting resource growth at depth (click here August 23, 2023 news release). The results to date indicate the potential for a larger discovery below the current resource estimate, which remains open for meaningful expansion. The Company is also providing an update on its regional field work at the Tartan Mine, where high-grade gold samples have been identified approximately 1.4 kilometres (km) from the mine, with the goal of discovering a third zone close to the existing infrastructure, and an update on its engineering review, specifically around the process plant design and potential mine reopening.
Phase 1 Exploration at Tartan Mine Significantly Expands High-Grade Mineralization Below Resource Limit Indicating Potential for Larger Discovery at Depth
August 23, 2023
Toronto, Ontario – August 23, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce initial results from its Phase 1 Exploration Program at the Tartan Mine, located near Flin Flon, Manitoba, including its first test at depth. Drilling has intersected one of the best holes in the mine’s history, 325 metres below the lower limit of the current resource estimate, increasing the vertical extent of the high-grade mineralization by 61% compared to the resource (Fig. 1). Hole TLMZ23-26 returned 12.0 gpt gold over 8.0 metres, inside the widest interval ever at the Tartan Mine, 4.2 gpt gold over 53.7 metres, and has outlined the potential for a larger discovery at depth. The drill highlights for the first three holes can be seen in Table 1.
Robert McEwen Appoints Jim Downey to Board of Directors Long Serving Member of Provincial Legislature
August 1, 2023
Toronto, Ontario – August 1, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) announces that Robert McEwen, the Company’s largest shareholder (owning 37.6% of the outstanding common shares), has exercised his option and appointed Jim Downey as his second board nominee. Mr. Downey’s appointment will help strengthen the Company’s connection with Manitoba as it advances the Tartan Mine, near Flin Flon.
Update to Shareholders on Tartan Mine Tax Incentives
July 25, 2023
Toronto, Ontario – July 25, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce that Manitoba Finance has confirmed that the Company’s Tartan Mine, located near Flin Flon, would be considered a “Major Expansion” and eligible for a tax holiday should the mine re-enter production. Under the Mining Tax Act, companies need to meet certain requirements to receive the tax holiday. Based on the Company’s review and meetings with Manitoba Finance, the Tartan Mine should meet all requirements.
Tartan Mine: Looking To Improve Financial Returns & Sustainability
June 5, 2023
Toronto, Ontario – June 5, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to outline several initiatives the Company is undertaking at the Tartan Mine (Flin Flon, Manitoba) to improve potential future returns, while focused on sustainability. In addition to the items outlined in this news release, the most important driver for the Company will be the discovery of additional high-grade gold resources.
Phase 1 Exploration Program to Begin at Tartan Mine Main Objective: Extend High-Grade Gold at Depth Property Wide Exploration Potential Outlined
May 12, 2023
Toronto, Ontario – May 12, 2023 – Canadian Gold Corp. (TSXV: CGC) (“Canadian Gold” or the “Company”) is pleased to announce that its Phase 1 exploration program at the 100%-owned Tartan Mine near Flin Flon, Manitoba will begin on June 1, 2023. The Company is using this opportunity to highlight for shareholders the discovery potential on the property, specifically at the mine, and at its recently acquired projects adjacent to Agnico Eagle’s Hammond Reef Gold Deposit (Ontario) and Barrick’s Hemlo Gold Mine (Ontario). The Company plans to update shareholders in the coming weeks on its various initiatives designed to improve the economics of the Tartan Mine and its future advancement.
Satori Resources Name Change to Canadian Gold Corp. New Ticker Symbol “CGC” ON TSX Venture Exchange
May 4, 2023
Toronto, Ontario – May 4, 2023 – Canadian Gold Corp. (the “Company”) (BUD – TSX-V) (formerly Satori Resources Inc.) is pleased to announce that its corporate name change has been completed and trading of the Company’s common shares on the TSX-V will commence under the ticker symbol “CGC”, as of tomorrow, Friday, May 5, 2023.
Ian Ball Appointed Interim President & CEO Satori Resources
April 27, 2023
Toronto, Ontario – April 27, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce Ian Ball has been appointed interim President and CEO effective today. Ian will replace Jennifer Boyle, who is continuing with the Company as Executive Vice-President and Director.
Satori Closes Acquisition of Rob McEwen’s Apollo Exploration Resulting in Rob McEwen Holding 37.6% of the Company
April 25, 2023
Toronto, Ontario – April 25, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce that it has completed the acquisition of Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”). Rob McEwen is now the Company’s largest shareholder representing 37.6% of the Company. Satori has approximately $2,000,000 in cash, no debt, and in addition to the Tartan Lake Mine, now owns exploration properties in Ontario and Quebec surrounding some of Canada’s largest gold mines and development projects (see news releases dated February 4, 2023 and March 31, 2023).
Satori Shareholders Approve Acquisition of Rob McEwen’s Apollo Exploration, Resulting in Rob McEwen holding a 37.6% of the Company – New Company proposed to be Named Canadian Gold Corp.
March 31, 2023
Toronto, Ontario – March 31, 2023 – Satori Resources Inc. (“Satori” or the “Company”) (BUD – TSX-V) is pleased to announce that shareholders have approved the acquisition of Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”). Apollo has been acquiring key exploration projects around Canada’s largest gold mines and development projects, including the Canadian Malartic Mine (Agnico Eagle), the Hemlo Mine (Barrick Gold) and the Hammond Reef Project (Agnico Eagle). At closing, the combined company will have approximately CDN$2.2 million and no debt.
Rob McEwen to Acquire 37.6% of Satori Resources
February 6, 2023
Toronto, Ontario – February 6, 2023 – Satori Resources Inc. (TSXV:BUD) (“Satori” or the “Company”) is pleased to announce that the founder and former Goldcorp Inc. Chairman and CEO, Rob McEwen, will become Satori’s largest shareholder owning 37.6% of the Company with the objective of expanding the high-grade gold zones at the past producing Tartan Lake Gold Mine in Flin Flon, Manitoba. Satori is proposing to acquire Rob McEwen’s 100% owned private exploration company, Apollo Exploration Inc. (“Apollo”), that has been acquiring key exploration projects around Canada’s largest gold mines and development projects, including Canadian Malartic Mine (Agnico Eagle), the Hemlo Mine (Barrick Gold) and the Hammond Reef Project (Agnico Eagle) (Fig. 1, 2 & 3). Upon closing, Apollo will also have approx. CDN$1.5 million in cash and no debt.
$GOLD PRICES HIT ALL TIME HIGH IN AUSTRALIA, JAPAN, CHINA, TAIWAN | CNBC TV18
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$GOLD HUGE! This Is the BIGGEST $Gold News in 50 Years, It's Time to Go All-In - Andy Schectman
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$GOLD mick - REPUBLICAN MIKE JOHNSON ELECTED TO BE NEW SPEAKER OF THE HOUSE
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Good...Pro-Life Congressman Mike Johnson Becomes New Republican Speaker
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House elects Johnson as speaker as Republicans rally
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Great $GOLD Low Cost Producer - $Monument Mining Ltd (MMY) (MMTMF) It's Finally Happening! Is This What's Happening -
With Gold Prices -
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GOLD $2,000 10-20-2023 <> Crude Oil
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$GOLD - ALERT: FUSE LIT FOR WW3 AS BIDEN QUIETLY GREENLIGHTS ISRAEL'S NEXT MOVE
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JOE BIDEN IS A PROUD _IONIST [FILL IN THE BLANK!] -- DUSTIN NEMOS
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WATCH
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MAGA - The Plan Is to ENSLAVE YOU FOREVER! Gold & Silver Will Set You Free - Edward Griffin
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SW - Pelangio Exploration Inc. (PGXPF) - Activities In Ghana And Canada - Ingrid Hibbard, CEO
Pelangio Exploration (TSXV:PX) Provides Update on Activities In Ghana And Canada
https://stockhouse.com/news/press-releases/2023/09/06/pelangio-exploration-provides-update-on-activities-in-ghana-and-canada
View source version on accesswire.com:
https://www.accesswire.com/781103/pelangio-exploration-provides-update-on-activities-in-ghana-and-canada
God Bless
ARIS MINING PRODUCED 60,193 OUNCES OF GOLD IN Q3 2023
Aris Mining logo (CNW Group/Aris Mining Corporation)
NEWS PROVIDED BY
Aris Mining Corporation
10 Oct, 2023, 07:00 ET
SHARE THIS ARTICLE
VANCOUVER, BC, Oct. 10, 2023 /PRNewswire/ -
Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) reports third
quarter 2023 gold production of 60,193 ounces, with 53,826 ounces from the Segovia Operations and
6,367 ounces from the Marmato Upper Mine.
The Segovia Operations maintained strong performance throughout September, building on the
impressive record monthly production achieved in August.
https://www.prnewswire.com/news-releases/aris-mining-produced-60-193-ounces-of-gold-in-q3-2023--301951067.html
In the future, Aris Mining plans to provide quarterly gold production updates preceding the release of its quarterly financial statements.
Chart 1: Monthly Gold Production (in ounces), Segovia Operations (CNW Group/Aris Mining Corporation)
Chart 1: Monthly Gold Production (in ounces), Segovia Operations (CNW Group/Aris Mining Corporation)
Q3 2023 Conference Call Details
Aris Mining plans to announce operational and financial results for Q3 2023 after market close on Wednesday, November 8, 2023. Management will host a conference call and webcast on Thursday, November 9, 2023 at 9:30 am PT / 12:30 pm ET.
Webcast link
https://services.choruscall.ca/DiamondPassRegistration/register?confirmationNumber=10022576&linkSecurityString=1a2bc09050 https://services.choruscall.ca/links/arismining2023q3.html
Replay Dial-in
Canada/USA
+1.800.319.6413
International
+1.604.638.9010
Replay access code
0482
Participants can pre-register to join the call automatically, at:
https://services.choruscall.ca/DiamondPassRegistration/register?confirmationNumber=10022576&linkSecurityString=1a2bc09050
After the conference call, a replay of the event will be available at Aris Mining Corporation - Investors - Events & Presentations (aris-mining.com).
About Aris Mining
Aris Mining is a gold producer in the Americas with a growth-oriented strategy. In Colombia,
Aris Mining operates several high-grade underground mines at its Segovia Operations and the
Marmato Mine, which together produced 235,000 ounces of gold in 2022.
Aris Mining is currently advancing construction of the Marmato Lower Mine Expansion project, which
will provide access to wider porphyry mineralization below the current Upper Mine.
Aris Mining also operates the Soto Norte Project joint venture, where environmental licensing is
advancing to develop a new underground gold, silver and copper mine. In Guyana,
Aris Mining is advancing the Toroparu Project, a gold/copper project.
Aris Mining plans to pursue acquisitions and other growth opportunities to unlock value creation from
scale and diversification.
Aris Mining promotes the formalization of artisanal and small-scale mining as this process enables all
miners to operate in a legal, safe and responsible manner that protects them and the environment.
Additional information on Aris Mining can be found at
https://www.aris-mining.com , www.sedarplus.ca, and on
www.sec.gov.
https://investorshub.advfn.com/boards/read_msg.aspx?message_id=172853545
Forward-Looking Information
This news release contains "forward-looking information" or forward-looking statements" within the meaning of Canadian and U.S. securities legislation. All statements included herein, other than statements of historical fact, including, without limitation, statements relating to the Company's plans to provide regular updates on its gold production on a quarterly basis, the timing of the release of the Company's third quarter results and the Company's plans and strategies are forward-looking. When used herein, forward looking terminology such as "expect", "plan", "anticipate", "estimate", "may", "will", "should", "intend", "believe", and similar expressions, are intended to identify forward-looking statements. Forward-looking statements are based on estimates and assumptions made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, as well as other factors that the Company believes are appropriate in the circumstances. Many factors could cause the Company's actual results, performance or achievements to differ materially from those expressed or implied by the forward-looking statements, including those described in the "Risk Factors" section of the Company's most recent AIF and in the Management's Discussion and Analysis for the three and six months ended June 30, 2023, which are available on the Company's profile on SEDAR+ at www.sedarplus.ca and in its filings with the U.S. Securities and Exchange Commission at www.sec.gov. These factors should be considered carefully, and readers should not place undue reliance on the Company's forward-looking statements. The Company has no intention and undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.
SOURCE Aris Mining Corporation
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More Releases From This Source
greatest commodity of all-time
mick - $Gold premiums in Moscow and Shanghai will bust Comex, Maguire says
11:45p ET Saturday, October 7, 2023
Dear Friend of GATA and Gold:
Kinesis Money's "Live from the Vault" program this week has London metals trader Andrew Maguire asserting that substantial premiums for gold in the Moscow and Shanghai markets continue to draw bullion out of the West, where the gold price is suppressed by official policy, and eventually will bust the New York Commodities Exchange's gold futures business. Maguire adds that speculators now are the big shorts in gold futures and that all major bullion banks have gone long.
The program is 38 minutes long and can be viewed at YouTube here:
$Monument Achieves Commercial Production at $Selinsing Gold Mine
September 22, 2023
View PDF
Vancouver, B.C., September 22, 2023, Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) (“Monument” or the “Company”) is pleased to announce that commercial production has been achieved at the Selinsing Gold Mine in Malaysia that has operated 30 days consecutive production of gold concentrate at 90% of designed capacity.
Cathy Zhai, President and CEO of Monument Mining commented: “We are very pleased to announce this landmark event at the Selinsing gold mine. After 12 years gold bullion production that generated positive cash flow, now the Gold Sulphide Project will continue the legacy, based on such we move forward to the Murchison Gold Project and the corporate development as well. We thank the Monument Mining team and contractor partners for their dedication and hard work to achieve this commercial production milestone.”
Figure 1: Selinsing Flotation Plant at Night
Commercial Production Update
The throughput of the sulphide gold treatment plant achieved 90% of design capacity for the 30-day period up to August 16, 2023, thereby achieving the requirement for commercial production. Mill availability during this period was 94% and flotation mass pull was acceptable at 3.4% vs design of 3.5%. As a result concentrate production was at 79 tonnes per day in line with the designed protocol, considered satisfactory given the variability of the transition ore processed.
Flotation gold recovery was somewhat inconsistent due to the high clay content of freshly mined transition ore and the processing of stockpiled transition ore mixed with oxides that gave very poor flotation response. Daily recoveries in excess of 80% were recorded but overall gold recovery of 61.4% was reported for the 30-day period up to August 16, 2023. Optimization of the flotation reagent suite continued with particular attention to the addition of soda ash for pH control, potassium amyl xanthate as flotation collector and sodium hexametaphosphate as slimes depressant. Issues experienced with the flotation air blowers were resolved after troubleshooting by Atlas Copco technicians.
Frequent failure of the pressure filter cloths continues to be an issue. New higher permeability filter cloths have been sourced from local and international vendors as well as from the filter press supplier McLanahan in the US. The lead time for filter cloth orders is not acceptable for a six-month period. The Company has communicated with the supplier to resolve this issue while alternative suppliers are selected. Replacement filter plates have also been ordered from McLanahan to replace those that have worn prematurely, and Regular cleaning of filter cloths and plates improved the overall efficiency of the filter press operation.
Construction of the concentrate shed was completed.
Gold Concentrate Shipments and Sales
To date the flotation plant has produced over 9,100 dry metric tonnes (“DMT”) of gold concentrate at an average grade of 37.5 g/t Au.
Offtake agreements have been signed with selected buyers and a total of 6,550 DMT of concentrate shipment are currently in progress. The Company has obtained export permits for all selected buyers, renewable every six months. The sales and logistics teams are organized, trained and the documentation and control process including security system has also been developed.
Mining Update
Mining of Buffalo Reef Stage 1 BRC2 and BRC3 pits have continued with both transition and fresh ore delivered to the ROM pad. Extended hours have been introduced for waste drilling and mining. Objective of mining is set to accelerate daily mining rate and build up enough stockpiles before Monsoon season.
A new grade control drill rig was delivered in August 2023 and ten rigs are now on site. The drilling contractor has mobilized additional drillers and initiated training of drill offsiders to facilitate extended drill hours.
Construction of the explosive depot was completed, and the facility commissioned in July 2023 to accommodate shortage of explosive deliveries. A 13-tonne capacity emulsion tanker has been based at the mine site and blasting has been carried out on up to five days per week depending on drilling progress.
The old core shed has been converted to an expanded sample preparation facility capable of processing up to 700 grade control samples per day. The new facility was successfully commissioned, and new technicians have been recruited to handle the increased workload. New pulverisers have been ordered and the first unit was delivered in early September 2023.
Figure 2: Mining at Selinsing Gold Mine
Process Improvements
Ongoing effort has been devoted to further improve the performance of the concentrate plant.
New HDPE pipework was installed for the concentrate thickener underflow pipeline. Pumps from the previous CIL operation have been repurposed for the concentrate thickener overflow. Larger diameter pipelines were ordered for the concentrate thickener overflow and for the flotation cleaner concentrate.
Design work was completed for the concentrate launders and the new flotation rougher tailings hopper with associated structural, civil, mechanical and piping works. Tender quotations were requested from various local engineering companies for these process improvements and contracts are in preparation for the successful tenderers.
Risks
Operation risks in related to mining and processing processes are under continuous evaluation to improve the performance. The Company closely monitors uncontrollable risk factors with operation of the flotation plant including but not limited to, change of market conditions, change of gold prices, operation risks including critical parts shortages, and changes in regulatory restrictions in relation to arsenic level contained in gold concentrate.
About Monument
Monument Mining Limited (TSX-V: MMY, FSE: D7Q1) is an established Canadian gold producer that 100% owns and operates the Selinsing Gold Mine in Malaysia and the Murchison Gold Project in the Murchison area of Western Australia. It has 20% interest in Tuckanarra Gold Project jointly owned with Odyssey Gold Ltd in the same region. The Company employs approximately 220 people in both regions and is committed to the highest standards of environmental management, social responsibility, and health and safety for its employees and neighboring communities.
Cathy Zhai, President and CEO
Monument Mining Limited
Suite 1580 -1100 Melville Street
Vancouver, BC V6E 4A6
FOR FURTHER INFORMATION visit the company web site at www.monumentmining.com or contact:
Richard Cushing, MMY Vancouver T: +1-604-638-1661 x102 rcushing@monumentmining.com
“Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.”
Disclaimer Regarding Forward-Looking Statements
This news release includes statements containing forward-looking information about Monument, its business and future plans (“forward-looking statements”). Forward-looking statements are statements that involve expectations,
Monument Mining Limited (MMY : MMTMF) is a Canada-based gold producer and mining asset developer.
The Company owns and operates the Selinsing Gold Portfolio in Malaysia and the Murchison Gold
Portfolio in Western Australia.
The Selinsing Gold Mine is located in Pahang State, within the Central Gold Belt of Western Malaysia,
comprising the Selinsing, Buffalo Reef, Felda Land, Peranggih and Famehub projects .
The mine has about one million ton per annum gold processing CIL plant, which is situated
approximately 158 kilometers (km) north of Kuala Lumpur.
Murchison is located in the Murchison region in Western Australia and comprises the Burnakura,
Tuckanarra, and Gabanintha projects, which are located in the Murchison goldfield of Western
Australia, approximately 40 km southeast of Meekatharra and 765 km northeast of Perth.
The Company owns a producing mine, a producing site with a gold plant and all infrastructure, and a
large prospective land position, covering approximately 382.9 square kilometers.
Monument Mining Ltd:
https://monumentmining.com
https://monumentmining.com/news-media/photo-gallery/
https://monumentmining.com/investors/presentation/
https://monumentmining.com/news-media/news/
Gold Legal Tender God's Real Money.
Amen
$Pelangio Exploration (TSXV:PX) A golden investment opportunity in Ghana and Canada
Jocelyn Aspa Jocelyn Aspa, The Market Herald
Pelangio Exploration (TSXV:PX) is a Canadian-based exploration company focusing its efforts in Ghana and Canada.
In Ghana, the Toronto-based company is advancing its Manfo and Obuasi projects while in Canada,
Pelangio Exploration is focused on the Kenogaming, Gowan and Mann projects.
Thanks to its presence in West Africa and Canada, Pelangio Exploration has exposure to a diversified portfolio
in two world-class gold-mining jurisdictions.
Exploration update
In early September, the company provided an update on recent activities and
plans for its projects in Ghana and Canada.
Some of Pelangio’s recent highlights include:
The Obuasi Project will benefit from an agreement with TuNya Mineral Resources
to provide exploration expenditures and access to technical expertise
TuNya will be earning into the TuNya Earn-In Property (the southern portions of
the Kyereboso 2 and 3 licenses of Pelangio’s Obuasi Property, covering principally Tarkwaian geology),
to explore for extensions to or additional discoveries complementary to TuNya’s Kyereboso project.
The recently completed Manfo drill program extended mineralization in the Pokukrom East and West deposits,
demonstrating resource growth potential with continued step-out drilling
“Firstly, our agreement with TuNya provides a catalyst for exploration success at our Obuasi Project,
a district-scale land package adjacent to the giant high-grade Obuasi mine.
The agreement provides both exploration funding and access to a technical team with over 125 years of expertise
on the extremely prolific Ashanti gold belt, including significant experience at the Obuasi mine itself,”
Ingrid Hibbard, CEO of Pelangio Exploration, said in a statement. “Secondly, our Manfo drill program extended
known mineralization at the southern ends of both the Pokukrom East and West deposits.”
The Obuasi project
Pelangio Exploration owns 100 per cent interest in the Obuasi project, which spans 284 square kilometres and
is adjacent to TuNya’s property, which is host to the Kyereboso deposit.
The project is also next to and on strike with AngloGold-Ashanti’s 30 million-ounce Obuasi mine.
Between 2007 and 2011, Pelangio Exploration conducted work on the project, including two airborne
VTEM/magnetic surveys, geological and geochemical surveys and trenching, as well as diamond drilling.
In total, the company has drilled 129 diamond drill holes for a total of 27,883 metres ranging in length
up to 602 metres and averaging approximately 200 metres.
Broadly speaking, drilling has lightly tested targets in eight general areas, with more than 85 per cent of the drilling
in the western half of the property.
The early exploration activity plus subsequent and more recent data reanalysis, prospectivity and
targeting exercises prioritized two large principal target areas for follow-up exploration situated in
the southwestern corner of the property closest to the Obuasi Mine property.
Moving forward, additional work on the Obuasi project will continue the desktop target development and
ranking exercise, augmented by fieldwork to include a comprehensive review of the drill core,
detailed field mapping and a structural study.
TuNya’s “Obuasi experts” will conduct the work, while Pelangio Exploration recently entered into a letter of intent
where TuNya has the option to earn into an 80 per cent interest on the southern portion of the Obuasi project
covering principally Tarkwaian geology.
The deal
As Pelangio Exploration gears up to unlock the potential of the Obuasi project and beyond, the company is also
eager to provide investors with the same opportunities through a non-brokered private placement valued at C$500,000.
Under the offering, the company is issuing each unit at a price of $0.03 and will consist of one common share of
Pelangio Exploration and one common share purchase warrant.
Each whole warrant offers the holder the opportunity to purchase one common share at a price of $0.05 f
or a period of five years from the initial closing date of the offering.
Pelangio Exploration will use the funds for working capital and general corporate costs,
which include land maintenance costs.
The initial offering is expected to close around Sept. 25 but could occur in one more tranches.
To view or participate in the Pelangio Exploration Deal Room offering, click here.
The Deal Room: your destination to participate in exclusive financing, featuring some of the best companies – and
deals – currently available on the market.
Join the discussion: Find out what everybody’s saying about this stock on the Pelangio Exploration Bullboard, and
check out the rest of Stockhouse’s stock forums and message boards.
This is sponsored content issued on behalf of Pelangio Exploration, please see full disclaimer here.
https://stockhouse.com/news/newswire/2023/09/21/a-golden-investment-opportunity-ghana-and-canada
Detour Lake: A Partnership Success Story -
Pelangio
ARIS MINING - 28M oz $Gold in Columbia, Guyana, and Canada | $Aris Mining Interview
ceo bbq
This is an interview with Aris Mining's senior vice president, Tyron Breytenbach.
Aris Mining is a gold producer with 2 producing mines in Columbia,
1 development project in Columbia, 1 development project in Guyana, and
1 development project in Canada.
Watch our Presentation from the Precious Metals Summit in Beaver Creek
https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2023/09/13/canadian-gold-corp/play/stream/36793?fbclid=IwAR30JPi0mrWVq_04EV-KP0ymprBRTtyb4lcQUHpBPU3kKepyi5o2DXuTxRg
Detour Lake: A Partnership Success Story -
Pelangio
Nah, I'd rather spend it and get the deduction! Good luck getting funding! LoLs
https://www.cnbc.com/2023/09/11/irs-meet-this-sept-15-deadline-to-avoid-a-surprise-at-tax-time.html
Gold
1,946.10
+3.40(+0.175%)
Gold - Afternoon Fix (Source N M Rothschild) (INDEX) -
AMEX - Gold Bugs Index (INDEX)
Phlx - Gold Silver Index (INDEX)
Video Info - What is -
Money, Banking and the Federal Reserve -
http://www.ivarkreuger.com
$gold - CRB LT - (goes up often by inflasion and demand) -
GATA - Gold go to $3000 or $5000 or more? -
GATA's advertisement in The Wall Street Journal -
This advertisement, sponsored by GATA and costing $264,426.26,
is scheduled to appear in The Wall Street Journal on
Thursday, January 31, 2008.
Complete documentation of the statements cited in the
advertisement can be found as follows:
Paragraph 2, statement by J. Virgil Mattingly, general counsel
for the Federal Reserve:
http://www.federalreserve.gov/fomc/transcripts/1995/950201Meeting.pdf
Paragraph 3, statement by Federal Reserve Chairman Alan Greenspan:
http://www.federalreserve.gov/boarddocs/testimony/1998/19980724.htm
Paragraph 4, motion by Barrick Gold Corp.:
http://www.lemetropolecafe.com/img2003/memoformotiontodis.pdf
Paragraph 5, statement by William S. White of
the Bank for International Settlements:
http://www.gata.org/node/4279
Paragraph 6, U.S. Treasury Department international reserve
position reports:
http://www.gata.org/node/5637
Paragraph 7, Sprott Asset Management report:
http://www.sprott.com/pdf/pressrelease/press_release_not_free_not_fair.p...
Paragraph 7, Cheuvreux report:
http://www.gata.org/files/CheuvreuxGoldReport.pdf
Paragraph 7, Citigroup report:
http://www.gata.org/files/CitigroupGoldReport092107.pdf
Paragraph 7, Redburn Partners report:
http://www.gata.org/files/RedburnPartnersGoldReport_11-12-2007.pdf
View ad as PDF
Wall Street Journal Ad
Goldcorp shareholder enjoy about 100% interest and more per year +
dividend -
Goldcorp compared to Barrick and Newmont -
were do you want to be -
Goldcorp paying dividends -
Legend in record US chart debut -
http://www.goldcorp.com
Biggest Scam In History -
(speakers on )
http://www.wtv-zone.com/Mary/FEDERALRESERVE.HTML
GOLD vs TECHNOLOGY & DJIA COMPARISON CHART -
THREE YEAR WEEKLY GOLD CHART COMPARED TO THE CURRENCIES BELOW
http://tinyurl.com/9v54l
GOLD Higher lows and Higher Highs - REAL GOLDEN MONEY -
Gold - history - very Long Term LT oversold - undervalued -
the manipulation creates hardship for Gold & Silver miners
worldwide -
in the future Precious Metals will explode -
the more manipulation -
the higher Gold will fly -
(to see the 600yeargold chart chart -
put your mouse arrow to the box -
use the right side -
button on your mouse -
click view image)
Gold LT -
http://www.mrci.com/pdf/gc.pdf
GOLD MINES Stocks - Low Cost Au Producers -
Got GOLD - Strategic Positions -
http://tinyurl.com/h9e4o
Welcome to join and enjoy GOLD (Au) PRODUCERS -
InvestorsHub forum...
tell us your opinion and
ask your questions...
Imo. Tia.
Brgds.
Bob
Precious Metals Spot Price's -
"We have gold because we cannot trust Governments."
President Herbert Hoover
dd....
http://www.publicgold.com/tryit
dd....
http://www.PublicGold.com/tryit.net
http://www.goldrush21.com/
Gold & Silver is Money =
not paper, not electronic credits, not chips and
not polo-ticz fiatz666counterfeitz -
The Fiat Money System -
Dr. Bill Veith in studio w/ Alex Jones -
http://tinyurl.com/y3gdzh
Banking cartel info -
http://www.netcastdaily.com/broadcast/fsn2006-1028-2b.m3u
Money Masters: Federal Reserve History part 1 of 3
http://video.google.com/videoplay?docid=8442305921010099392&q=conspiracy
Money Masters: Federal Reserve History part 2 of 3
http://video.google.com/videoplay?docid=5020331178524208549&q=conspiracy
Money Masters: Federal Reserve History part 3 of 3
http://video.google.com/videoplay?docid=6666372716915416357&q=conspiracy
Gold Trading Boot Camp -
How to Master the Basics and Become a Successful Commodities Investor -
http://www.financialsense.com/Experts/2007/Weldon.html
Precious Metal Charts Page -
http://tinyurl.com/8bhho
Money, Banking & The Federal Reserve -
http://video.google.ca/videoplay?docid=1349705906064948002&q=gold+money
Gold Bullion Weekly compared to fiat Currency Chart Page -
http://www.netcastdaily.com/broadcast/fsn2006-1118-1.m3u
http://www.netcastdaily.com/broadcast/fsn2006-1202-2b.m3u
http://www.netcastdaily.com/broadcast/fsn2006-1202-2c.m3u
A must see video clip on the Federal Reserve -
and the current state of the Dollar...
http://www.freedomtofascism.com/blog/2006/12/michael-badnarik-on-federal-reserve.html
Those who make peaceful REVOLUTION impossible will
make violent REVOLUTION inevitable.
- John F. Kennedy
Shut Down The Federal Reserve: Save America!
http://www.ipetitions.com/petition/AFTF_P_1/
†With God all things are possible†
by: todd h
ROB-TV in exposing the Gold price suppression scheme -
http://www.youtube.com/watch?v=GbPetrK_6Lc&mode=related&search=
Buy Gold -
http://www.youtube.com/watch?v=IEAb8Hbk_Q4&mode=related&search=
Join GATA -
http://www.GATA.org.
Gold Show -
2007 Vancouver Resource Investment Conference
Vancouver Convention and Exhibition Centre
http://www.cambridgeconferences.com/
Please pass it along >>>>>>>>>>>>>>>>>>>>>>>>>>>>>
Gold - LT Strong Bull Trend Started -
1st LT Bull wave - 1st correction -
4 more LT Bull waves to Go -
Silver - LT Strong Bull Trend Started -
1st LT Bull wave - 1st correction -
4 more LT Bull waves to Go -
(Elliott Wave 5-wave Elliott Pattern)
2007 Outlook for Gold and Silver -
http://tinyurl.com/ueno9
of GoldSeek.com and SilverSeek.com says that
dollar weakness could push up price...
http://www.denvergold.org/i4a/pages/Index.cfm?pageID=3284
http://www.goldshow.ca/
http://www.sim.org/
http://tinyurl.com/y824mv
http://www.flw.com/merry.htm
http://www.victorious.com/reports/ccane.htm
http://www.vatican.va
http://tinyurl.com/365wag
GATA WILL DEMAND TRUTH - ABOUT U.S. GOLD RESERVES -
Contributions may be sent to:
Gold Anti-Trust Action Committee Inc.
c/o Chris Powell, Secretary/Treasurer
7 Villa Louisa Road
Manchester, Connecticut 06043-7541
USA
GATA's Internet site is found at
http://www.GATA.org.
The Fiat Money System -
Dr. Bill Veith in studio w/ Alex Jones -
http://tinyurl.com/y3gdzh
THE AMERO IS REAL, I HAVE ONE TO PROVE IT! (Hal Turner) -
http://www.halturnershow.com/AmeroCoinArrives.html
http://freedom4um.com/cgi-bin/readart.cgi?ArtNum=60787
Dollar hits new low versus euro -
http://news.bbc.co.uk/2/hi/business/6992570.stm
HON. RON PAUL OF TEXAS -
Before the U.S. House of Representatives -
The End of Dollar Hegemony -
http://tinyurl.com/uq9kf
Colorado And Utah Oil Shale Deposits To Rival OPEC Oil Reserves
May 2007 | Industry News
According to the US Geological Survey (USGS),
the oil shale deposits in the US are likely to hold
as much as 1.5 trillion barrels (bbl) of Oil & Gas ....
http://www.oilandgasinsight.com/file/45605/colorado-and-utah-oil-shale-deposits-to-rival-opec-oil-re....
http://www.gold.org/value/spotprice.html
http://www.utilisegold.com/
Go for the gold....
....don't always do as you're told....
....behold the prize nuggets of your precious psyche....
The Financial System Is A Farce -
http://www.sprott.com/pdf/marketsataglance/10_2007.pdf
by Eric Sprott who spells it our clearly -
http://www.thegoldsite.com/
http://www.gold.org/value/stats/statistics/dailyshort2000.html
God Bless You and the USA -
http://www.youtube.com/watch?v=-Rnf7DS5YlQ
In God We Trust -
God Bless
Welcome to the Gold Producers discussion board
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