Issue link: http://resourceworld.uberflip.com/i/783264
20 www.resourceworld.com F E B R U A R Y / M A R C H 2 0 1 7 TSX-V: BRD | OTCQB: BDWYF Resource World 1/3 horizontal 7.375 x 3.1 broadwaymining.com | 1.800.680.0661 | E: ir@broadwaymining.com • High-grade, past-producing mine in Montana, USA • Underground rehab commenced November 2016 • 1,371m surface drill program underway to verify historical copper and gold mineralization • New targets found and second IP survey completed • Underground drilling to commence in Q1 2017 • Potential to expand known copper and gold zones • Permitted and financed to deliver exploration program of $62.5 million, composed $38.8 million in cash, precious metals of $16.6 million and marketable securities of $7.1 million. McEwen Mining has no debt, and has not done any financings, sold any metal streams, royalties, or hedges against pre - cious metals. Production guidance for 2016 remains at 99,500 gold ounces and 3.3 million silver ounces, or approximately 144,000 gold equivalent ounces. Harte Gold Corp. [HRT-TSX; HRTFF- OTC; H4O-FSE] has released further good drill results following up on its recent new discovery area on the 100%-owned Sugar Zone property 60 km east of Hemlo, north - west Ontario, that were announced in its mid-November 2016 press release. Drilling has confirmed gold mineral- ization in five more drill holes, step-outs on strike and down-dip have been on 50-metre spacings and the mineralized envelope now measures 300 by 200 metres. Recent assays include 17.61 g/t gold over 3.80 metres and 8.45 g/t gold over 6.60 metres that included 36.36 g/t over 1.05 metres. The Sugar Zone property has an NI 43-101 compliant indicated resource of 1,117,000 tonnes grading 8.41 g/t gold, for 302,000 ounces of contained gold and an inferred resource of 417,000 tonnes grad - ing 7.13 g/t gold, for 95,000 ounces. Harte Gold has a permitted 70,000- tonne advanced exploration bulk sampling program underway for the Sugar Zone deposit. Bulk sample long-hole stoping is proceeding on two levels. Five develop- ment levels are now completed. As well, underground ramp development to access the south end of the Sugar Zone deposit is also underway. The cash flow positive bulk samples are being processed at Barrick's Hemlo Mine. In mid-December the company closed a $25 million financing. Kirkland Lake Gold Inc. [KL-TSX], a mid-tier gold producer, recently com - pleted a merger with Newmarket Gold. The merged company has operating mines in northeastern Ontario (Macassa Mine Complex and Taylor Mine) as well as the Fosterville Gold Mine located in the state of Victoria, Australia. Consolidated guidance for 2017 includes gold production of between 500,000 and 525,000 ounces with total operating costs per ounce sold between US $625 and US $675. Total operating costs are forecast to be between US $310 million and US $320 mil - lion with all-in sustaining costs per ounce sold between US $950 and US $1,000. Exploration expenditures are forecast to be between US $45 million and US $55 million. For the nine months ended September 30, 2016, Kirkland Lake Gold posted rev- enues of $645 million with a net income of $91 million. Operating costs were US $646/ oz with all-in sustaining costs of US $945/ oz. For the nine-month period, the com- pany produced 382,927 ounces of gold. The company is placing the northern Ontario Stawell and Holloway gold mines on care and maintenance. Kirkland Lake Gold recently closed a non-brokered private placement financ - ing of 691,700 flow-through shares issued at a price of $10.12 per share for aggre- gate gross proceeds of approximately $7,000,000. Cordoba Minerals Corp. [CDB-TSXV] and joint venture partner, High Power Exploration Inc. (HPX), a private mineral exploration company indirectly controlled by Robert Friedland's Ivanhoe Industries LLC, have released an initial resource esti - mate for the Alacran copper-gold deposit in Colombia. HPX has earned a 51% inter- est in the project and has entered Phase III of the agreement, whereby HPX can earn up to 65% by carrying the project to feasibility. The initial, pit-constrained, inferred mineral resource for the Alacran deposit is 53.52 million tonnes at 0.70% cop - per and 0.37 g/t gold, or 0.95% copper equivalent (CuEq), including 7.37 million