Canuc Resources recommences exploration at the San Javier Silver-Gold Project

   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 reports high grade gold assays from core drilling at Golden Mountain

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 news – Changes name to Cornish Metals

 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

Gold price soars to all time high in early European trading

   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

Cabral Gold samples up to 12.3 g/t Au at Cilmar, Cuiu Cuiu

   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 drills 3.2 m of 1,297 g/t Ag at Copalito

   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

Mining News – Sunday roundup July 19th

   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 Santana construction update, plus technical specialist added to the BOD

   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. news – Almaden Gold Project 43-101 technical report filed

   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 drills 6 m of 314.4 g/t Au at Eagle River

   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

Mining News – Sunday Roundup, 12th July 2020

   Mining News – Sunday roundup

Gold 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.

Continue reading