Goldstream Minerals is a Toronto-based exploration company with assets in Eastern Ontario. Goldstream is a new investment vehicle, “Creating Organic Growth Through Discovery.” Read more
Argonaut Gold Inc (AR.TO) announced it will buy Prodigy Gold Inc (TSX.V:PDG) for about C$341 million ($348 million), taking control of Prodigy’s Magino project in Ontario. Read more
Prodigy Gold shares were up 7.46% this afternoon and up 33% so far this month, ostensibly based on the company’s latest resource update released in August. Read more
Brian Maher, CEO: We’re standing approximately in the middle of what will be our future open pit mining operation here at Magino. Read more
Prodigy Gold’s flagship project is the advanced Magino mine project, located northeast of Wawa, Ontario. Prodigy is currently evaluating the development of Magino as an open-pit mine with the potential for deeper, higher grade gold production. The Magino project contains Indicated gold resources of 2,176,000 ounces grading 1.00 gpt gold (67.6 Mt), and 1,721,000 ounces of Inferred gold resources grading 0.99 gpt gold (54.2 Mt). A Preliminary Economic Assessment of the project shows a pre-tax NPV of $939 million and an IRR of 36% using a 5% discount rate and a US$1,200 gold price. If everything goes according to plan for Prodigy Gold, this could be one of Canada’s next major mining operations. Resource Intelligence Executive Editor Doug Hadfield spoke with CEO Brian Maher about what’s next for this exciting project.
www.temexcorp.com • 416.862.2246
Temex Resources (TSX-V: TME) CEO Ian Campbell smells success in exploring an old mining camp. But then again, the Whitney Gold Project is not just in any old mining camp; it hosts the Hallnor Mine, a multimillion ounce past producer and the highest grade past-producing mine in Timmins, Canada’s largest gold camp. Whitney has been outlining some stunning gold assay results, including hole TW11-145 with an intercept of 8.80 metres grading 37.90 g/t gold and 0.50 metres grading 648.13 g/t gold. This year, Temex will continue to rapidly accelerate Whitney along with the company’s other main project, Juby Gold in Gowganda, northeastern Ontario. Campbell shares why the next several months will be transformational for Temex and discusses the catalysts that would enhance shareholder value.
(Note: Temex has announced quite a lot of drilling news since this interview in early March 2012. The company’s initial drill program at its new Golden Lake Property contiguous to the west of the Juby Main Zone has commenced. In addition high grade gold mineralization was intersected in the Q Zone along with broad zones of gold mineralization in the Upper Hallnor zone on the Whitney Project. Look up the excellent gold intervals on by clicking here.)