Ripple {XRP}
Following on from their $30 million investment in MoneyGram, the world’s second largest remittance company, in June, Ripple have announced that MoneyGram have commenced using XRP’s xRapid settlements system.
xRapid facilitates cross border remittances into emerging markets, using the XRP token, and it’s utilisation was the principal component of the investment deal. Continue reading
Barkerville Gold Mines {TSX.V: BGM}
Provided new drilling results from the 2019 Island Mountain exploration and category conversion program at the company’s flagship Cariboo gold project in central British Columbia.
New results from 24 recent holes on Island Mountain include 45.94 grams per tonne Au over 5.2 metres including a sample of 399 g/t Au over 0.50 metres. Continue reading
Silver Bull Resources Inc. {TSX.V: SVB}
Provided results from an additional five drill holes on the Sierra Mojada project in Coahuila, northern Mexico.
Highlights from the holes announced in this news release include Hole B19005, 13.25 metres of massive sulphide mineralisation grading 9.05 per cent zinc, 2.12 per cent lead and 16 grams per tonne silver.
Radisson Mining {TSX.V: RDS}
Announced the bought deal placement previously announced has been increased to $6 million due to investor demand. Continue reading
Gold
Has reached an all time high in UK pounds, Japanese Yen, Australian and Canadian dollars.
N.B This is a nominal high, not adjusted for inflation. Continue reading
Wesdome Gold Mines Ltd. {TSX: WDO}
Released additional results from the continuing underground definition and exploration drilling of the Kiena Deep A zone at its 100-per-cent-owned Kiena mine complex in Val d’Or, Quebec..
Four drills continue to operate on the 1050 metre level (“m-level”) exploration ramp completing the infill and immediate plunge extension drilling of the Kiena Deep A Zone in preparation for an updated resource estimate expected H2 2019. Continue reading
Neometals {ASX: NMT}
Reported intersecting massive sulphide nickel at its Mt. Edwards Project.
15 reverse circulation drill holes were completed for 2,705 metres across three separate prospect areas. Assay results confirm high grade nickel sulphide at the Zabel Mineral Resource, including 11 metres @ 2.6% Nickel from 108 metres. Continue reading
SVS Securities – London
Following action taken by the FCA to impose requirements on SVS stopping it from conducting regulated activities and restricting it from disposing of its own or its clients’ assets, the directors considered the viability and solvency of SVS. They obtained solvency advice and resolved to place the firm into Special Administration. Continue reading
Lithium Power International Limited (ASX: LPI)
Announced its joint venture company, Minera Salar Blanco S.A. has entered into a non-binding MOU with the Chilean State-owned mining company, CODELCO.
The MOU will define terms for the negotiation of a definitive agreement to form a new JV for the development of the Maricunga Salar into a lithium brine producer. Continue reading
Crypto News
Nexo are to create the world’s first crypto credit card, branded by Mastercard.
This will allow users to borrow against their crypt holdings without actually spending them. Continue reading
Neometals (ASX: NMT)
Issued the Quarterly Activities Report for the quarter ending June 2019 Continue reading
SVS Securities – London
Are rumoured to have closed their doors today.
Phone calls are not being answered, which is not a good sign. We await the weekend press or SVS to confirm. Continue reading
City Investors Circle – London
Have published their Market Review for July 2019, focused on the rise in the price of gold, gold streaming companies, and gold stocks during July.
To access the update, please click HERE
To subscribe for our market updates and invitations to presentations, please email
Andrew@city-investors-circle.com
