City Investors Circle – London
The Market Review for August 2020 has been published.
Comments include: Gold, silver, copper, nickel. cobalt, Cabral Gold, Colonial Coal, Fiore Gold, Ascot Resources, and GoldMining Inc.
O3 Mining Inc. (TSX.V:OIII)
Provided initial results from its summer outcrop stripping and channel sampling program on its Alpha property located 15 kilometres southeast of Val D’Or, Quebec.
Highlights included 176 g/t Au, 38.0 g/t Ag, 0.1% Cu over 0.6 metres at Valdora Zone 4, and 9.0 g/t Au over 1.3 metres at Valdora Zone L17.
Westhaven Gold Corp. (TSX.V: WHN)
Provided grab sample assay results from its newly discovered Franz zone at its Shovelnose gold property, located within the prospective Spences Bridge Gold Belt, 30 kilometres south of Merritt, BC.
Peter Fischl, Exploration Manager for Westhaven Gold stated that “drilling will commence at Franz shortly.” Continue reading
Ascot Resources (TSX. AOT)
CEO Derek White has featured in a (sponsored) podcast. He ran through the latest exploration news and plans, as well as referring to the ongoing mine financing and restart plans.
The highlight of the recent drilling was 13.74g/t Au over 24.15m in hole P20-2202, including 40.78g/t Au over 6 m in the same hole.
Cartier Resources Inc. (TSX.V: ECR)
Has drilled an interval of 20.4 grams per tonne gold over 2.0 metres included within 18.0 m at 2.7 g/t Au, intersected 200 m below the resources of zones 5B4, 5M4 and 5NE, which were estimated by GeoPointCom in 2019. Continue reading
FIORE GOLD LTD. (TSX.V: F)
Announced its financial statements and MD & A for Q3 2020.
Gold production of 12,764 ounces, a second successive quarter of record gold production, sales of 12,761 ounces at an average realized price of $1,720 per ounce, and recorded quarterly revenues of $22.0 million. Continue reading
Mali military coup, an investment opportunity?
On August 18th the Malian military staged a coup d’état in the capital city, Bamako, arresting the President and Prime Minister, who both promptly resigned their positions.
This lead to the share prices of the few gold miners operating in the country to fall, but as the situation is calm, maybe there is an opportunity for investors here if it remains peaceful? The miners operating in Mali are Continue reading
Cabral Gold Inc. (TSX.V: CBR)
Has mobilised a reverse circulation (RC) drill rig to the Cuiu Cuiu project in northern Brazil.
Cabral is planning a minimum of 25,000 m of RC drilling on multiple targets at the Cuiu Cuiu gold project over the coming months. Continue reading
Mining News – Sunday Roundup 23rd August
Industrial metals have been the focus this week, with copper trading over $3 lb for the first time in over 2 years, nickel rising due to a weaker dollar, and iron ore hitting new highs as China stockpiles due to supply concerns.
Cobalt is also rising in price as the Chinese have declared a 2,000 ton stockpile target. Continue reading
Westhaven Gold Corp. (TSX.V: WHN)
Provided an exploration update at its 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia. Continue reading
Ascot Resources Ltd. (TSX.V: AOT)
Has released spectacular high-grade gold intercepts from the second batch of 10 drill holes (for a total of 2,820 metres) from Premier West at the company’s Premier project.
The results from these drill holes add to the strong results reported in the news release of July 29, 2020. Continue reading
Minera Alamos Inc. (TSX.V: MAI)
Has entered into an agreement with National Bank Financial Inc. (NBF) to act as sole underwriter, pursuant to which NBF will purchase 15,874,000 common shares of the company at a price of 63 cents per common share, on a bought deal private placement basis, for aggregate gross proceeds to the company of approximately $10.0-million.
O3 Mining Inc.(TSX.V: OIII)
Has commenced drilling on its Malartic property situated midway between the towns of Val d’Or and Malartic, Que., and 12 kilometres from the Canadian Malartic mine.
Following the completion of the summer drill program at East Cadillac, one drill rig has been mobilized to the Malartic property, to expand existing zones along strike and at depth. Continue reading
Bardoc Gold Limited (ASX: BDC)
Advised that its strategy to establish a significant long-term gold operation at its flagship 100%-owned 3.02 M oz au Bardoc Gold Project, located 50 km north of Kalgoorlie in Western Australia, continues to advance rapidly, with the ongoing Definitive Feasibility Study (DFS) entering a significant new phase. Continue reading
Orla Mining Ltd. (TSX: OLA)
Announced that the Mexican Federal Environmental Department has granted approval of the Company’s EIS for the development of the Camino Rojo Oxide Gold Project located in Zacatecas State, Mexico.
The approval of the MIA is conditional upon Orla meeting certain customary conditions and standard requirements which the Company intends to complete in the coming weeks. Continue reading
Mining News – Sunday Roundup – 16th August 2020
Gold and silver were once again the story of the week, as they suffered some sudden volatility after a strong run upwards.
Gold lost $200 in a single day, down to $1,850, before regaining around half the loss in the last couple of days trading. Silver is around $3 per ounce off the recent top, still a good performance in the last couple of weeks though.
Perhaps the biggest news of the week was that Warren Buffet, a long time critic of gold, has just invested in Barrick Gold. Continue reading
Tyranna Resources (ASX: TYX)
An unusual spat is occurring in Australia, where Tyranna Resources are accepting the lower of three competing bids for their Jumbuck gold property.
ASX listed Marmota (ASX: MEU) has questioned why Tyranna have accepted an inferior offer for their Jumbuck project, when their all cash offer of A$2.6 million is still on the table? Continue reading
Wesdome Gold Mines Ltd. (TSX: WDO)
Announced Q2 2020 financial results.
Mr. Duncan Middlemiss, President and CEO commented, “During Q2, Wesdome generated operating cash flow of $30.2 million or $0.22 per share, and free cash flow of $17.7 million, net of an investment of $6.0 million in Kiena, or $0.13 per share, ending the quarter with a cash position of $66.7 million (Q1 2020: $49.4 million)
FIORE GOLD LTD. (TSX.V:F)
Announced the results from the recently completed drill program at its Pan Mine in Nevada. This drill program is aimed at expanding the resource and reserve base and extending the mine life..
The 76 holes were drilled at several locations around the main North Pan pit, as well as one hole near the smaller Syncline satellite pit, aiming at expanding the existing oxide resources and reserves, both at depth and laterally beyond the current reserve boundaries. Continue reading
Apollo Consolidated (ASX: AOP)
Have published an updated company presentation showing the latest drill program for their Lake Rebecca Gold Project located in Western Australia, close to Kalgoorlie.
Apollo also hold an NSR for the Roxgold (TSX: ROXG) Séguéla Gold Project, located in Côte d’Ivoire. Continue reading