Welcome to our roundup of some the most prominent mining investment, exploration, and development stories on Theassay.com over the last seven days.
To kick off the financing news, Nova Royalty Corporation (TSXV: NOVR | OTCQB: NOVRF) announced the completion of its acquisition of a 0.135% net smelter return royalty, on Hudbay Minerals’ Copper World and Rosemont copper projects in Arizona. The deal also gives Nova right of first refusal in respect to an additional 0.540% net smelter return royalty on the projects.
United Lithium Corporation (CSE: ULTH | OTC: ULTHF | FWB: 0UL) has announced that it has completed the acquisition of 83.6% of its Kietyönmäki lithium project in Finland. The deal involved purchase of 83.6% of the issued and outstanding share capital of Litiumlöydös, which holds a 100% interest in the mining licenses covering the Kietyönmäki project.
Exploration news commenced with Galileo Mining Limited (ASX: GAL) defining several high priority targets with results of EM surveying at the company’s 100% owned Norseman project in Western Australia.
“The results of our EM surveying at Norseman are exceptional and, combined with the identification of sulphide in aircore drilling, we now have well developed targets ready for drill testing,” said Galileo’s managing director Brad Underwood.
Maritime Resources Corporation (TSXV: MAE) announced the initiation of a 2022 exploration programme at its Hammerdown Gold Project, located in the Baie Verte Mining District of Newfoundland and Labrador, Canada, near the towns of King’s Point and Springdale.
“This year’s initial exploration programme is centred around our existing Hammerdown and Orion deposits. We believe there is tremendous potential to add new resources in several untested areas adjacent to our 2020 preliminary economic assessment project design,” commented Garett Macdonald, the company’s president and CEO.
Drilling news over the last week started with TomaGold Corporation (TSXV: LOT | OTCQB: TOGOF) obtaining promising results for the first three holes of phase 2 of the 11,500m drilling programme on its wholly owned Obalski property in Chibougamau, Quebec.
Further afield in Quebec, Amex Exploration Incorporated (TSXV: AMX | OTCQX: AMXEF) has returned some high-grade gold assays amongst 34 drill holes focused on the expansion and definition of gold mineralization on High Grade Zone (HGZ) of the Perron project.
Over in Australia, Venture Minerals (ASX: VMS) has stated that new drilling at the Mount Lindsay Tin-Tungsten Project in Tasmania, Australia continues to deliver “exceptional” intersections of high-grade mineralization while targeting high-grade zones within the existing Main Skarn deposit.
The drill programme, designed to confirm the continuity of high-grade zones and provide additional metallurgical samples, is part of the company’s updated feasibility study for an underground mine.
“The new drilling at Mount Lindsay continues to deliver outstanding tin intersections within the high-grade MacDonald Shoot beneath historical tin workings,” said managing director Andrew Radonjic.
Finally, Freeman Gold Corporation’s (CSE: FMAN) application to list its common shares on the TSX Venture Exchange (TSXV) has been approved.
The company’s trading symbol “FMAN” will remain unchanged, and shareholders will not be required to take any action in connection with Freeman’s listing on the TSXV. The shares will also continue to be listed on the OTCQB Marketplace in the U.S. under the symbol “FMANF” and on the Frankfurt Stock Exchange under the symbol “3WU”.
