Northern Miner Staff

Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts.

Delrey Metals has finished its $165,000 phase one exploration program at its Sunset cobalt-copper-zinc property in BC, Canada.

Maverix Metals expects to exceed its previously announced guidance for the year of 18,000 to 19,000 gold-equivalent ounces.

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.

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

Superior Gold has found more than 50 grams of gold in six intersections and more than 20 grams in 15 intersections.

The mine is expected to produce an average of 62,000 ounces of gold a year over a seven-year mine life .

The company has now upgraded 90% of its Kari Pump resource to the indicated category.