Gold mining companies are ramping up mining activities in a bid to take advantage of the current high gold prices. Idaho Campion Gold Mines Canada is the latest to confirm Shallow anomalies and high priority targets at its Champagne gold project.
Exploration results from an induced polarization survey at the Champagne gold project affirm strong IP responses over more than two kilometers. The survey also identified deeper chargeable and resistive bodies that indicate buried roots of the Champagne precious metal system.
According to Idaho Champion CEO, Jonathan Buick there is strong IP response a t the project that can be correlated between profiles over a 2KM strike. The first round of drilling at the project was directed at the historic targets with the next phase expected to focus on high priority targets with considerable size potential.
Soma Gold Plans
Soma Gold is another gold mining company ramping up mining operations with plans to produce between 1,800 and 2,000 ounces a month in the second half of the year. The gold miner generates the precious metal form two mines the L Ye and Los Mangos at the El Bagre project in Antioquia district of Colombia.
Having generated a total of 17,170 ounces of gold last year, the company is planning to produce 22,500 ounce in 2021. Likewise, it plans to commission and begin production works at the El Limon mine 10 Kilometers form the El Bagre mill.
PolarX is another gold miner to post positive gold exploration results in the recent past. The company has delivered a treasure trove of high grade gold and silver results from the first-pass sampling program at the Humboldt Range project.
Immediate sample results indicate assays of 37.7 grams per ton gold and 31.2g/t gold and stunning 1590 g/t silver. The company has already completed the rock chip sampling program as part of due diligence on the high grade hold silver acquisition in Nevada.
Separately, Premier Gold Mines has filed a management information circular that invites premier security holders to vote and virtually attend a special meeting of holders of common shares.