Exploration Roundup

Exploration Ramp Being Advanced at Integra’s Lamaque-South Project

Integra Gold has awarded Promec Mining with the contract to construct an exploration ramp to access the Triangle deposit on Integra’s Lamaque-South gold project in Val-d’Or, Quebec. All required equipment has been mobilized to site, and ramp construction is in progress. The surface infrastructure and ramp collar required for the ramp were completed in the fall of 2015 at a cost of C$5.6 million.

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Aston Bay Pursuing C$4M Field Program at Storm Copper Project

Aston Bay Holdings has initiated at $C4 million field program at the Storm copper project on Somerset Island, Nunavut, Canada, where BHP Billiton can earn a 75% interest in the project by spending a minimum of C$40 million on qualifying exploration expenditures over a period of up to nine years. Aston Bay is currently the operator at the project and has no required exploration expenses for the first four years of the option agreement. BHP Billiton has the right to assume operatorship of the project at any time.

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Kincora Consolidates Southern Gobi Copper-Gold Belt

Kincora Copper has reached an agreement that provides for consolidation of the majority of the prospective exploration licenses on the geological trend between and along strike from the Oyu Tolgoi and Tsagaan Suvarga copper mines in southern Mongolia. The agreement merges two Kincora subsidiaries with Ibex Land Mongolia LLC and Ibex Mongolia LLC, entities indirectly controlled by High Power Exploration Inc.

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Exploration Briefs

Exploration Briefs – July 2017

Debmarine Namibia has launched the world’s largest and most advanced diamond exploration vessel, the mv SS Nujoma, to explore for diamond deposits on the ocean floor offshore from Namibia. The 12,000-mt, diesel-electric-powered...

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