Thor Mining say Hawkstone shareholders have approved their purchase of US Lihium

   Thor Mining PLC {LON: THR /  ASX: THR}

Confirmed that the shareholders at Hawkstone Mining {ASX: HWK} have approved the company’s acquisition of Thor’s interest in USA Lithium Pty Ltd.

CEO Mick Billing says he  expects to be issued around 7.81 million  shares in Hawkstone Mining in return for selling them the asset. With Hawkstone;s current price of 0.035 cents, this gives a deal value of AUS $ 275,000 Continue reading

Tyranna Resources completes Eureka gold mine acquisition

   Tyranna Resources {ASX: TYX}

Announced the completion of the Eureka Gold Mine acquisition from Central Iron Ore {CIO.v} of Canada.

Previously Tryanna had announced a dispute with CIO,  regarding the issuance of 14% of shares in Tyranna as part of the deal, but have now issued the shares and completed the acquisition.

Eureka is expected to be producing gold in the near term. Continue reading

Kootenay Silver drills 12m of 109.27 Ag at their La Cigarra project, Mexico

   Kootenay Silver  {TSX.V: KTN}

Provided the results of eight core holes from its 2018 drill program carried out on its 100-per-cent-owned La Cigarra silver project, located in Chihuahua, Mexico.

Results returning a series of medium to high-grade silver intercepts in all areas, further supporting the expansion potential of the La Cigarra resource. Continue reading

Wesdome Gold earns $5.7-million in Q2 2018

   Wesdome {TSX.V: WDO}

Announced Q2 2018 earnings of CAD $ 5.7 million for Q2 2018.

Duncan Middlemiss, CEO commented: “The Eagle River complex continues to outperform.  With gold production in Q2 at 16,628 ounces, this brings our H1 2018 total gold production to 34,576 ounces, which is ahead of our  expectations by 15%.. As a result, we are raising 2018  guidance to 70,000 to 75,000 ounces. Continue reading

Thor Mining issue their quarterly report and news update

   Thor Mining {AIM: THR}

Issued their quarterly update.

Mr Mick Billing, Executive Chairman of Thor Mining, said “Progress on all fronts while our cash position remains robust.  It is very pleasing to report that we have sufficient funds to carry out all planned activities well into 2019.”

“In particular the recent announcement of the Australian government research grant is a tremendous endorsement of the approach taken by Thor and ECR in this exciting project” Continue reading