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Notable drill results include 393 g/t gold over 2.2 metres, 31g/t gold over 6.1 metres and 82.9g/t gold over 2.3 metres.

President and CEO Mark Bristow said the company expected to complete a feasibility study for the project, which could extend the life of the mine into the 2030s.

The Vancouver-based miner intends to use the proceeds for its Kutcho copper-zinc project in northern BC.

A recent spike in electric vehicle sales in B.C. is part of a global trend that saw 5.1 million EVs sold last year.

At least nine illegal gold miners have died in Zimbabwe after they detonated explosives underground and were trapped at a mine owned by Metallon Corp.

The $285-million takeover bid, considered by some analysts and Acacia’s minority shareholders as low, would see the world's second largest gold producer buying the remaining 35% of the African miner it does not already own, at a discount.