Winter Mall Market in the works
SOMBA K'E/YELLOWKNIFE - The Centre Square Mall is organizing a Winter Market tentatively scheduled to begin on Nov. 15.
Participation is free to any interested vendor, but all must provide their own tables, chairs, etc.
Huntingdon Capitalís Bridget Watton is organizing the event. She said Centre Square Mall administration would like to see the winter market continue every weekend, at least until Christmas, but that it would depend on vendor turnout.
Fortune Minerals completes cash raise
SOMBA K'E/YELLOWKNIFE - Fortune Minerals Limited (TSX:FT) announced recently that it had completed the second and final instalment of USD $10 million from its $35 million prepay arrangement with Lascaux Resource Capital Fund I LP.
The funds will be used to to improve operations and provide working capital for Fortune Minerals Revenue Silver Mine in southwest Colorado.
Fortune Minerals is developing the NICO gold-cobalt-bismuth-copper project 162 km northwest of Yellowknife. The NICO mine is fully permitted for construction, but the company continues to look for financing for the CDN $600 million project.
SOMBA K'E/YELLOWKNIFE - Nighthawk Gold Corp. (TSX.V:NHK) reports 4.40 metres (m) of 38.90 grams per ton (g/t) gold and 51.00m of 2.25 g/t Gold, and extends mineralization to over 100m at the Cass zone of its Indin Lake gold property located 200 km north of Yellowknife.
These highlights follow from a 2014 exploration program that included drilling 13,647 metres. The company reports that several new expansion opportunities were identified.
Nighthawk will have more results forthcoming as assay results return.
The company reports an inferred mineral resource estimate of 39.81 million tonnes with an average grade of 1.64 g/t gold for 2.101 million ounces gold using a cut-off grade of 0.6 g/t gold.