Clifton Star Resources (CVE:CFO) has unveiled the results of a highly-anticipated preliminary economic assessment (PEA) on its Duparquet project in Quebec, outlining a low-cost gold operation with an internal rate of return (IRR) of 19.5% and the potential to increase resources further. 

Clifton Star Resources (CVE:CFO) announced Monday results from another 14 holes as part of the drilling campaign this year at its Duparquet project in Quebec, which continue to be "very encouraging." 

Clifton Star Resources (CVE:CFO) says it has proven it has got the golden ticket, with continued strong drilling results from its Duparquet project in Quebec, along with metallurgy results that showed recovery rates of over 93 per cent.

Xmet Inc. (CVE:XME)(OTCQX:XMTTF) Thursday announced that it will acquire Clifton Star's (CVE:CFO) Duquesne Mine, which is immediately adjacent to Xmet's flagship Duquesne-Ottoman project in Quebec.

Clifton Star Resources (CVE:CFO) unveiled Thursday results from another 20 drill holes at its Duparquet project in Quebec, forming part of the 2012 drill program that has hit what the company called "significant mineralization" in the North, South and Syenite zones on two deposits.

This year’s drilling comes amid a busy period for Lydian as it pushes towards the development of the known deposit. It is working to complete an updated feasibility study, including a new mine layout, and that is on-track for completion early in the third quarter.

Klondex Mines (TSE:KDX) (OTCQX:KLNDF) has reported more drill results from its Fire Creek gold project in Nevada ahead of initial production projected for later this year, with such high grades in new, unexplored areas prompting the gold developer to delay its resource update. 

Kirkland Lake Gold (TSE:KGI) (LON:KGI) is moving away from the use of diesel with the introduction of lithium-ion battery scoops and trucks in its underground gold mines and will save capital investment as a result. The use of this technology both saves large capital investment and is a welcome environmentally-friendly alternative fuel source without diesel or any other emissions underground.

Tamaka Gold, an advanced stage gold exploration company with multiple assets in Ontario, Canada, is moving ahead with work on its lead project with an eye to producing a resource update in short order.

Casimir Capital's Eric Winmill says he views the metallurgical sampling results released by Klondex Mines (TSE:KDX) on Wednesday as a positive for the company, even boosting his estimates for pre-commercial production this year.