trending Market Intelligence /marketintelligence/en/news-insights/trending/edhj1UCBzLkpWP3oXt5D6g2 content esgSubNav
In This List

Discovery Minerals forming JV over War Mountain gold-silver project in Idaho

Blog

Infographic: The Big Picture 2024 – Energy Transition Outlook

Case Study

An Oil and Gas Company's Roadmap for Strategic Insights in a Quickly Evolving Regulatory Landscape

Blog

Essential IR Insights Newsletter Fall - 2023

Video

Battery metals - unbated long term need for supply security despite short-term headwinds


Discovery Minerals forming JV over War Mountain gold-silver project in Idaho

Discovery Minerals Ltd. said Dec. 27 that it executed a letter of intent to form a joint venture with the owners of the War Mountain gold-silver project in Idaho.

The joint venture will start a pre-mining program in January that will include surveys and geological mapping as well as a report on the existing milling and extraction facility with a view toward increasing its capacity to 10 tons per hour from the current 3 tonnes per hour.

The venture will also continue work by the owners to gain access to previous workings in the past-producing mine.

Meanwhile, Discovery, which changed domicile to Wyoming this year, said it is negotiating with Meritus Minerals Ltd. for more favorable terms for the Gutain Davaa gold project in Mongolia.

Discovery signed a deal with Meritus in May to develop the project.