Mining Review 10th December 2023
Gold has retreated from the new all time high around $2,170, and is currently trading under $2,000 again, as rate cut anticipation wains after some stronger then expected US employment numbers.
Companies in the news this week included West Red Lake Gold Mines, and I sold Argosy Minerals and Minera Alamos from my personal portfolio. Continue reading
i-80 GOLD CORP. (TSX: IAU)
Report continued high-grade poly-metallic results from the ongoing drill program at the Company’s Ruby Hill Property located in Eureka County, Nevada.
The glory hole was iRH23-42A at 10.1 % Zn, 0.6 % Pb, 37.0 g/t Ag & 0.3 g/t Au over 116.3 m Continue reading
Global Mining Finance Conference
The London conference presentation videos have been loaded onto the website and are available for viewing on Youtube.
To view the conference videos, click the link Continue reading
Cornish Metals (AIM / TSX.V: CUSN)
Focused on its South Crofty Tin Project in Cornwall, United Kingdom, is pleased to provide an update on the progress of dewatering of South Crofty Mine.
Dewatering has been underway since early November with up to 25,000m3 per day of water pumped directly from South Crofty Mine and treated at the Water Treatment Plant, and is ahead of expectations. Continue reading
Minera Alamos (TSX.V: MAI)
I have been a loyal shareholder of Minera for around three years now, and have made a profit from holding the stock, but there comes a time when you have to look at the performance against the objectives set by the company.
I am wary of the permit delays, and with an upcoming election, if they are not issued before, it may delay things for some time. I see other opportunities with less risk. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Reported drill results from its Madsen Mine located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.
The drill results were focused on the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ouncesgrading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au. Continue reading
Argosy Minerals (ASX: AGY)
I have held Argosy Minerals for a decent amount of time but decided to sell today due as much to the lack of positive communications from the company as to the low, and still falling, price of lithium.
Lithium is down 82% in price in the last 12 months. Continue reading
Mining Review Sunday 3rd December
It was a good week for junior mining stocks after the price if gold spiked as a result of the FED hinting that rate rises are done and the market expects cuts in Q2 2024 onwards.
I have noticed the share price and volume of stocks traded for Colonial Coal increasing, and with no news released, wonder if the market senses a deal is in the offing? Continue reading
Nevada King Gold (TSX-V: NKG)
Announced assay results from three vertical RC holes recently completed at its Atlanta Gold Mine Project located in Nevada, in the prolific Battle Mountain Trend.
The glory hole was 2.37 gpt Au over 75m. Continue reading
American Creek Resources (TSX.V: AMK)
Announced that project operator and JV partner Tudor Gold has produced the sixth set of drill results for the 2023 exploration program at Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia.
The glory hole was 123 m of 3.51 gpt within 601.5 m of 1.4 gpt AuEq at Goldstorm. Continue reading
Market Review November 2023
Has been published today, featuring Calibre Mining, and also mentions G Mining Ventures, Karora Resources, West Red Lake Gold Mines, and Cabral Gold.
We discuss the expanding resource nationalism, and name the small pool of trusted countries we still feel safe investing in. Continue reading
American Creek Resources (TSX.V: AMK)
Announced that project operator and JV partner Tudor Gold has produced the fifth set of drill results for the 2023 exploration program at the flagship property, Treaty Creek, located in the heart of the Golden Triangle of NW British Columbia.
THe highlight was 45.5 M Of 3.73 G/T AUEQ WITHIN 525 M Of 1.01 G/T AUEQ. Continue reading
Neometals (ASX & AIM: NMT)
Innovative battery materials recycler, Neometals published the Chairman’s AGM Address and the AGM Presentation for 2023.
These were presented at the company’s Annual General Meeting. Continue reading
City Investors Circle Watchlists
As we approach the end of the year, it’s an ideal time to review not only one’s portfolio, but also the watchlists on this site.
I’m looking for vibrant companies moving projects forward, preferably well funded, in safe jurisdictions. One or two have not made the cut and will be removed or downgraded. Continue reading
Mining Review 26th November 2023
i-80 Gold announced high grade results from their Cove Gold Project in an otherwise quiet week for news from our watchlist stocks.
The recent Global Mining Finance Conference was busy as it lead into the London Mining fortnight, with other conferences to follow. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Reported drill results from its 100% owned Madsen Mine located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.
This first round of drill results from the Madsen Mine were all drilled from underground on the North Austin Zone, which represents a new area of high-grade mineralization extending the current Madsen resource to the NE. Continue reading
Cabral Gold (TSX.V: CBR)
Issued an update on the PFS at Cuiu Cuiu, Tapajos State, Brazil.
The current RC drill program is a significant part of this effort and is aimed at identifying additional higher-grade mineralization. We have completed 69 RC holes to date as part of this program and results are currently pending on 55 holes. Continue reading
City Investors Circle
As we come to the end of 2023, it’s time to make some adjustments to my portfolio, and the watchlists.
I am selling Minera Alamos for a couple of reasons, the principal one being the dependance on the Cerro de Oro permit application, and the proximity of the Mexican election, which may delay it unless they can push it through. This makes MAI a bit of a binary bet on the short term, and I don’t like those one bit. Continue reading
Neometals (ASX / AIM: NMT)
Intends to undertake a capital raising by way of a placement of new fully paid ordinary shares to sophisticated, professional and institutional investors to raise approximately A$7.0 million and a non-renounceable entitlement issue of New Shares to eligible shareholders in Australia and New Zealand to raise up to approximately A$13 million. Continue reading
Terry Lynch has founded a group called Save Canadian Mining. The focus on stopping short selling junior mining stocks.
Terry is hosting a virtual conference with guests such as Eric Sprott to discuss the problem of short selling junior stocks, if you wish to register
