Mining

Temex Resources has closed a non-brokered private placement, raising $2.77 million for its Timmins-area gold projects. Under the agreement, an aggregate of 25,223,818 flow-through units were sold at a price of $0.

Kirkland Lake Gold announced it is ending its strategic review process that began Jan.6.

The collective brain trust of the ministries of natural resources and northern development and mines includes three bureaucrats whose salaries top the $200,000 mark.

Winnipeg-based King's Bay Gold Corporation announced that their marketing pitch at the Prospectors and Developers Association of Canada trade show in March has led to signing “multiple confidentiality agreements” with parties interested in its Menary

Xmet has contracted Asinii Drilling Inc. to start work on the company’s Blackflake Project near Hearst. In March 28 release, the Toronto junior miner reported line cutting is finished and ground geophysics is underway.

Toronto-based Kerr Mines has started a 6,000-metre drill program on its McGarry Deposit at Larder Lake in northeastern Ontario.

Lexam VG Gold Inc. is reporting “excellent” recoveries from recent metallurgical test work at its four Timmins properties.

The province is prepared to make a “very significant” infrastructure investment in the Ring of Fire, said Michael Gravelle, Ontario's Minister of Northern Development and Mines during a visit to Sudbury, March 27.

Last summer, a lake water crew with the Ontario Geological Survey (OGS) was being transported by helicopter to a research spot when one of its blades clipped a treetop, causing a wobble in the chopper’s flight.

The Ontario government and the nine communities of the Matawa First Nations have negotiated a “milestone” framework agreement on how to move forward with mineral and community development in the Ring of Fire.