Canuc Resources Corporation (TSX.V: CDA)
Announced that it has initiated a geological mapping and systematic sampling program along the 3 km structural corridor of the San Javier Silver-Gold Project.
The San Javier Silver-Gold Project is located 1 hour southeast of Hermosillo in the prolific Sierra Madre silver belt of northwest Mexico. Continue reading
Fosterville South Exploration (TSX.V: FSX)
Reported that it has intersected wide intervals of high-grade gold in multiple drill holes during the initial phase of core drilling at its Golden Mountain Project in Victoria, Australia.
As a result Fosterville has staked some prospective ground to the east of their Golden Mountain project. Continue reading
Strongbow Exploration has become Cornish Metals (TSX.V: CUSN)
Cornwall based Strongbow Exploration has changed its name to Cornish Metals, to better reflect where the company is located, and what it does.
I think this is a very appropriate name change, and with a current round of drilling commencing at their South Crofty mine, let’s hope it brings the company and its shareholders good fortune. Continue reading
Kootenay Silver Inc. (TSX.V: KTN),
Announced that it has entered into an agreement with Mackie Research Capital Corporation, as lead agent and sole bookrunner in connection with a best efforts, private placement of units of the Company at a price of $0.40 per Unit for gross proceeds of up to $5,000,000. Continue reading
Precious Metals News
The price of gold is currently at US$2033, after a positive trading session in Asia overnight has been continued in Europe this morning.
The US dollar value versus gold continues to fall as investors switch to the traditional safe haven amid the FED money printing binge, and rising concerns over the state of the US economy as the covid-19 crisis shows no signs of abating. Continue reading
Mining news – Sunday Roundup
Silver rose 20% in a week, gold 5%, and what a week for investors that have waited patiently for the gold and silver bulls to charge.
Silver, and gold knocked it out of the park, with huge week on week rises.
Copper rose marginally, and is possibly running out of steam as a global recession is beginning to look likely.
Gold Road (ASX: GOR)
Published their Q2 Activities report.
Highlights were free cashflow of A$23.8 million, and the company became debt free after repaying their A$25 million loan.
All in sustaining costs are well below the industry average. Continue reading
Cabral Gold Inc.(TSX.V: CBR)
Released the results from a series of surface rock and soil samples at the Cilmar target area and has provided an exploration update of the Cuiu Cuiu gold project in Brazil.
Numerous coarse nuggets have been recovered from drainages in the Cilmar area, which is located 7km NE of the MG gold deposit, and has never been previously explored or drill tested. Continue reading
Kootenay Silver Inc. (TSX.V: KTN)
Released assay results from three new drill holes at the Copalito silver-gold project in Sinaloda state, Mexico.
These are the second, third and fourth core holes to be announced for the 3,000 m drill campaign designed to target high-grade silver and gold showings of the six principal veins exposed at surface on the property. Continue reading
Orla Mining (TSX: OLA)
Scotiabank analyst Ovais Habib raised his firm’s price target on Orla Mining to C$4 from C$3, and keeps an Outperform rating on the shares.
The stock closed tonight at $4.55. Continue reading
Cartier Resources Inc. (TSX.V:ECR)
Announced a “best efforts” private placement of up to 11,628,000 common shares of the Company that will qualify as “flow-through shares” to be issued at C$0.43 per FT Share for aggregate gross proceeds of up to C$5,000,040. Continue reading
Radisson Mining Resources Inc. (TSX-V: RDS)
Announced significant high-grade gold intercepts from the ongoing 60,000 m exploration drill program at its O’Brien gold project located along the Larder Lake Cadillac Break, halfway between Rouyn-Noranda and Val-d’Or, Quebec, Canada. Continue reading
Mining News – Sunday roundup
Silver, up 8% during the month so far, is grabbing the headlines this week, leaving gold (up 2%) in the shade for a change.
On the industrial front, iron ore prices are rising as China gets back to work building out infrastructure, and severe flooding along the Yangtze River, requiring rebar concrete flood defences to be built. Continue reading
Minera Alamos (TSX.V: MAI)
Provided a mid-year construction update detailing progress at the Santana gold project, Sonora, Mexico.
Minera has now placed most long lead time orders for the next phase of construction activities. The project site is quickly taking shape and remains on track for construction to conclude around the end of the year. Continue reading
GoldMining Inc. (TSX.V: GOLD)
Announced that further to its press release dated June 3, 2020, the Company has filed a National Instrument 43-101 technical report for its Almaden Gold Project located in Idaho, USA.
Almaden is host to low-sulphidation epithermal mineralisation that was the subject of an updated mineral resource estimate using a cut-off grade of 0.3 g/t gold for pit constrained resources. Continue reading
Wesdome Gold Mines (TSX: WDO)
Achieved production of 25,142 ounces Au in Q2, which brings total H1 production to 50,264 ounces.
CEO Middlemiss is “confident on achieving our full year guidance of 90,000 oz Au”. Continue reading
FIORE GOLD LTD. (TSX.V: F)
Announced the start of a program of resource expansion, metallurgical, geotechnical and condemnation drilling in support of a Feasibility Study, targeted for completion in the second half of 2021, at their Gold Rock property, located in White Pine County, Nevada. Continue reading
Wesdome Gold Mines Ltd. (TSX: WDO)Released results from the continuing underground exploration drilling program at the company’s wholly owned Eagle River mine in Wawa, Ontario.
The gloryhole drilled 6m of 314.4 gpt gold, and it It’s now interpreted that the Falcon 7 zone now extends from surface approximately 1,000 m down plunge Continue reading
Strongbow Exploration (TSX.V: SBW)
Announced that they will change their name Cornish Metals, to better reflect their objectives, to become a tin and copper miner in Cornwall, UK.
This looks a good move, and means they will do what it says on the tin. Continue reading
Mining News – Sunday roundupGold and copper are the focus of attention this week, for different reasons.
Gold is moving up again as the US ‘recovery’ appears to be in doubt, as government benefits are due to cease soon.
Copper increased due to withdrawals from the LME and Shanghai warehouses, and supply chain fears have increased due to Chilean copper mines looking to strike, in addition to temporary mine closures due to covid-19 in both Chile and Peru.
