Metals Creek inks option for Dona Lake Mine from Newmont Goldcorp, stock jumps

Shares of the company rose by nearly 6% on Wednesday morning.

The project is located 100 kilometres north-northwest of the Ring of Fire nickel and chromite deposits.

The program is intended to locate high-grade uranium hosted in faults along the C10 horizon, the major regional fault structure.

Nighthawk has increased its drill program to 35,000 metres for the year, up from the previously forecast 25,000 metres, which makes it the largest drill program in the explorer’s history.

The refinery's output could be doubled to 5,000 t/y cobalt contained in sulphate.

For all the deposits, the indicated resource is 3.2 million tonnes averaging 6.33 g/t gold and containing 643,000 oz. of gold.

Underground mining rates are to reach 1,200 t/d in 2020, and the company is seeking ways to reach that level before the end of 2019.

Canada's Nutrien Ltd, the world's biggest producer of potash fertilizer, said on Tuesday that it was evaluating whether to expand its annual production capacity by 5 million tonnes after 2023.

Shares of Delrey Metals surged by 17% on Tuesday morning following positive re-assay results from its Four Corners iron-titanium-vanadium project in Newfoundland.