City Investors Circle
CIC London has published their Market Update for December 2018.
Monthly Archives: December 2018
Strongbow, Galena, Tin agree to push their proposed AIM list date back to June 2019
Strongbow Exploration {TSX.V: SBW)
Strongbow, with their partner Galen Tin, have agreed to postpone their AIM market listing date to Q2 2019 Continue reading
Kootenay reports High Gold Recoveries Achieved at Cervantes Gold Project, Sonora, Mexico
Kootenay Silver Inc. (TSXV: KTN)
Reported that Aztec Minerals Corp. today announced high gold recoveries were achieved by cyanide leach analysis of five (5) drill holes from the California porphyry gold-copper prospect on the Cervantes property in Sonora, Mexico. Continue reading
Cascadero Copper CEO and President dies
Cascadero Copper Corp. {TSX.V: CCD}
President and chief executive officer, Judith Harder, has died after a brief illness..
Ms. Harder was a long-time director and officer of the company, whose optimism and energy have helped to sustain the company The board appreciates Ms. Harder’s tireless efforts, and thoughts are with her family at this difficult time.
Thor Mining established a proof of concept for in-situ copper mining
Thor Mining PLC {AIM: THR}
Has stated it has established a proof of concept for in-situ recovery of copper at the Kapunda copper project, located in South Australia./
The exploration company said the project holds an inferred JORC compliant resource of 119,000 tonnes of copper, as per the maiden resource estimate. Continue reading
Avalon Advanced Materials issues 10 million flow-through shares.
Avalon advanced materials [TSX: AVL}
Announced that it has completed a non-brokered private placement today consisting of 10,000,000 flow-through shares at a price of $0.07 per share for gross proceeds of $700,000.
Pursuant to Canadian securities laws, the securities issuable under this private placement are subject to a hold period which expires on April 22, 2019. Continue reading
Merry Christmas
Merry Christmas
City Investors Circle London would like to wish all their readers a very merry Christmas, peace and goodwill to all. Continue reading
Market closing times today
Stock market closing times on Christmas eve:
London 12.30
New York 13.00
Canada 13.00
Australia 14.10 (Sydney time) Continue reading
Crypto prices recovering strongly
Crypto prices recovering strongly
Bitcoin and fellow crypto currencies and tokens have staged a strong recovery in the last week, with some tripling in value from their lows.
The Bitcoin Cash (BCH) ‘hard fork’ was said to be the reason for the plunging values across the board, and maybe that has now been worked through the market? Continue reading
City Investors Circle London – Christmas message published
City Investors CircleNeometals agrees the sale of Mt Marion equity for $A104 million and retains offtake rights
Neometals {ASX: NMT}
Has agreed the sale of their Mt. Marion lithium mine to a combination of Mineral Resources (ASX: MIN) and Ghanfeng Lithium (SHE: 002460) of China for A$104 million.
The deal includes life of mine offtake option rights for 57,000 tons per annum of spodumene concentrate. Continue reading
Market trading times 24th December 2018
World market trading times for 24th December 2018
London – 08.00 to 12.30 pm close.
New York – 09.30 to 13.00 close – EST
Toronto – 09.30 to 13.00 close – EST
Sydney – 10.00 to 14.10 close – Sydney time Continue reading
Barkerville Gold increases flow through shares in placement
Barkerville Gold Mines {TSX.V: BGM}
Has amended its agreement with Haywood Securities Inc., on behalf of a syndicate of underwriters, in relation to its previously announced bought deal private placement of 14,706,000 common shares of the corporation at a price of 34 cents per common share and 40 million common shares of the corporation that will qualify as flow-through shares. Continue reading
Colonial Coal – Insider confirmed as the buyer of a 1,935,000 share block
Colonial Coal {TSX.V: CAD}
Insider and strategic investor Rosseau Asset Management has been confirmed as the buyer of the large 1,935,000 block of shares that traded on the 11th December.
Rosseau invested CAD $793,555 at an average price of 41 cents per share. Continue reading
Wesdome Gold Mines drills 1.99 m of 151.44 g/t Au at Eagle River
Wesdome Gold Mines {TSX.V: WDO}
Provided underground drifting and drilling results from continuing 7 zone exploration and development activities at the company’s wholly owned Eagle River mine in Wawa, Ontario, Canada.
Highlights included: Hole 942-E-59: 151.44 g/t Au uncut (61.70 g/t Au cut) over 1.99 metres true width. Continue reading
Crypto’s stabilising after the precipitous drops
Crypto currencies
Crypto prices have fallen dramatically in the recent weeks, but now appear to be steadying, with bitcoin around the $3,200 mark and looking steady.
There have been horrific falls in most coins recently, Bitcoin Cash (BCH) is down 95% since it’s high in early 2018. Continue reading
Thor Mining increase their resource at Desert Scheelite, Pilot Mountain, Nevada
Thor Mining Plc {AIM, ASX: THR}
Announced an upgraded and increased mineral resource estimate containing tungsten, copper and now zinc, for the Desert Scheelite deposit at Pilot Mountain in Nevada USA.
The mineral resource estimate now comprises 10.7 million tonnes at
0.26% tungsten, 19.38 g/t Silver, 0.15% copper, & 0.38% zinc. Continue reading
Colonial Coal shares reach a 5 year high
Colonial Coal {TSX.V: CAD}
The value of Colonial Coal shares has risen to a five year high on the back of their recent PEA’s for both Huguenot and Flatbed, which highlighted the massive undervaluation the market is giving to the company as opposed to the the asset value in the ground.
This is against a backdrop of falling prices across the mining junior sector. Continue reading
Cartier cuts 5.7 g/t au over 4m in zone 4 below mine infrastructure doubling resource potential
Cartier Resources Inc. {TSX.V: ECR}
Released additional drill hole intersections grading 14.4 grams per tonne gold over 1.5 metres included within 5.7 g/t Au over 4.0 m.
The position of the intersections, intersected within zone 5 at a depth of 1,500 m
Minera IRL – All AGM resolutions passed
Minera IRL {CSE: MIRL}
At Minera IRL Ltd.’s annual general meeting held on Dec. 6, 2018, in Vancouver, the company’s shareholders adopted all of the resolutions presented.
Each of these resolutions was adopted by the affirmative vote of over 99 per cent of the votes cast at the meeting. Continue reading