Focus on British Columbia
Newcrest (the largest gold producer on the Australian Stock Exchange) will pay USD 806.5 million to Imperial Mining in exchange for a 70% stake in the Red Chris property in British Columbia. According to CEO and Managing Director Sandeep Biswas, Newcrest will use its technical capabilities to advance the Red Chris property. This joint venture partnership could also have a positive impact on other gold companies, primarily on explorers in British Columbia. British Columbia is one of the leading gold districts in the world.
The first gold rush was in British Columbia, then a British colony, in 1861. Today, the mining industry is increasingly engaged in automation and digitisation. This is a worldwide trend. Faster and more efficient production and safer working conditions have top priority. And for successful progress in gold mining, good projects in promising regions, such as British Columbia, are of course a must.
Here in southern British Columbia, for example, Ximen Mining has interests in three precious metal projects. In addition to the Treasure Mountain Silver Project, these are the Brett Gold Project and the Gold Drop Project. The latter produced extremely good drill results of up to 129 grams of gold and up to 1,154 grams of silver per tonne of rock.
GoldMining - https://www.commodity-tv.net/c/search_adv/?v=298886 - is also being conducted in another part of Canada, the Northwest Territories. This is where one of GoldMining's many gold and gold copper projects is located, the Yellowknife project. It contains a resource (explored and indicated) of more than one million ounces of gold according to a brand new mineral resource estimate.
Current company information and press releases from GoldMining (https://www.resource-capital.ch/en/companies/goldmining-inc.html).
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