Issue link: http://resourceworld.uberflip.com/i/142120
Aerial view of Nevada Copper's 100%-owned Pumpkin Hollow copper mine, now under construction, located near Yerington, Nevada. Photo courtesy Nevada Copper Corp. General Moly Inc. [GMO-TSX; NYSE MKT] is developing the Mt. Hope molybdenum project in which it holds an 80% stake, with South Korean steelmaker Posco holding the remainder. Early-stage construction work has started, including preparation for earthworks. Mt. Hope remains subject to water rights challenges now at various stages in the legal process. General Moly is also developing the Liberty molybdenum project. Goldcorp Inc. [G-TSX; GG-NYSE] operates the Marigold gold mine in which it holds a 66.7% stake; Barrick holds the remainder. The operation produced an expected 75,000 ounces gold for Goldcorp over 2012. For Q1 2013, the mine produced 31,700 ounces gold compared with 26,500 ounces gold in Q1 2012. Goldcorp and Barrick also jointly hold the South Arturo gold project in Elko County. Gold Standard Ventures Corp. [GSVTSXV] has a portfolio of Nevada properties, with focus on the wholly-owned Railroad gold project, located in the Carlin Trend, 29 km west of Elko. On May 21, the company released details of a recent eight-hole drill campaign. Highlights include hole 13-08, a step-out hole drilled 75 metres north of the North Bullion Zone. Mineralization was intersected in several intervals from 192377 metres, including a zone in the lower breccia that returned 73.5 metres grading 3.67 g/t gold. 16 www.resourceworld.com Gunpoint Exploration Ltd. [GUNTSXV] is advancing the Talapoosa gold-silver project in Lyon County. On March 1, the company announced an updated resource for the property: at a 0.45 g/t gold cut-off, total measured and indicated resources are just below 28.4 million tonnes at 1.11 g/t gold and 14.97 g/t silver for just over 1.01 million ounces gold contained and just below 13.65 million ounces silver. Inferred resources contain 233,532 ounces gold and just over 2.17 million ounces silver. International Enexco Ltd. [IEC-TSXV] wholly owns the Contact copper project in Elko County. At a 0.10% cut-off, the project has a measured and indicated resource of just over 215.7 million tons for almost 1.06 billion lbs copper contained, and an inferred resource of just over 70.9 million tons for 340.4 million lbs copper. International Millennium Mining Corp. [IMI-TSXV] has two Nevada projects that include two formerly-producing mines, Nivloc (silver-gold) and Simon (polymetallic). In August 2012, the company unveiled an initial resource for Nivloc; at 40 g/t silver cut-off, the property has an inferred 1.64 million tonnes, grading 106.47 g/t silver and 0.78 g/t gold. On January 8, the company unveiled results of two in-fill holes; hole 12NL-36 intersected 103.0 g/t silver and 0.43 g/t gold from 750-820 feet, while hole 12NL-37 recorded 163.8 g/t silver and 0.80 g/t gold from 768-860 feet. Klondex Mines Ltd. [KDX-TSX; KLNDF-OTCBB] see page 31. Lincoln Mining Corp. [LMG-TSXV] is advancing the 100%-optioned Bell Mountain gold-silver property in Churchill County. Across three main deposits, the project has total measured and indicated resources of 9.76 million tonnes, grading 0.526 g/t gold for just over 165,000 ounces gold, and 17.63 g/t silver for just over 5.53 million ounces silver. On April 18, the company announced the start of a 35-hole campaign. Lincoln also holds the Pine Grove Project. Max Resource Corp. [MXR-TSXV; MXROF-OTCBB; M1D-FSE] reported test work results, on March 4, from samples taken at its wholly-owned Majuba Hill copper-silver project. Leach recoveries of 84.6% for copper and 73.4% for silver were obtained, illustrating the potential feasibility of utilizing low-cost, heap-leach mineral extraction methods, according to the company. Max also holds three other projects in Nevada. McEwen Mining Inc. [MUX-TSX] is developing the Gold Bar Project in the Battle Mountain-Eureka-Cortez gold trend, Eureka County. The company unveiled a PEA for the project in November that estimated an annual output of around 51,000 ounces gold across an eight-year mine life. The project is currently in the permitting phase, with construction expected to start in 2014 followed by gold output in 2015. Midway Gold Corp. [MDW-TSXV] is focusing on its Pan Gold Project in western White Pine County. Total proven and probable reserves stand at 48.3 million tonnes at 0.56 g/t gold for 864,000 ounces gold. Mine life is estimated at nine years, while total project capex is currently $99 million. On May 30, the company announced receipt of an air quality operating permit to construct from the state. It JULY 2013