Mining news – Sunday roundup

 Mining news – Sunday roundup

The week ended poorly for gold and to a lesser extent silver, as the US’ astonishing jobs figures took everyone by surprise, resulting in a Friday market rally and a selloff of gold, as hopes of a ‘V’ shaped recovery took hold in Wall St.

Base metals enjoyed another rise as recovery hopes took hold, but there are supply chain issues, and I fear the assumption of a quick recovery is a dangerous one. Continue reading

O3 Mining Increases their 2020 Drill Program by 100,000 metres

03 Mining {TSX: Olll)

Announced that it has significantly expanded its current drill program in Val D’Or, Quebec, by 200%, which include the Malartic, Alpha and East Cadillac properties.

O3 Mining has drilled 26,000 metres as part of an originally announced 50,000 metres program, and success in the initial campaign, as well as the recently completed CDN $35 million financing, provides the confidence to triple the drilling program to 150,000 metres. Continue reading

Radisson Mining drills six metres of 8.35 g/t Au at O’Brien, Quebec.

   Radisson Mining {TSX.V: RDS}

Reported a drill intercept of 6 m of 8.35 g/t Au at their O’Brien gold project located near Val d’Or, Quebec.

This is part of the continuing 60,000-metre exploration drill program at O’Brien, CEO Mario Bouchard stated “we are increasingly confident we can meaningfully grow resources with upcoming drilling in what appears to be a target-rich environment.” Continue reading