O3 Mining Intersects 176 g/t Au Over 0.6 Metres from Initial Stripping Campaign at Alpha

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.

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Westhaven Gold samples up to 51.1 g/t Au at Shovelnose

   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

Mali military coup may be an opportunity for investors

   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

Mining News – Sunday Roundup Aug 23rd

   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

Ascot Resources report spectacular intercept of 6 m of 40.78 g/t Au at Premier

   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 announce C$10 m bought deal, then raise it to C$13 million

   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.

This has subsequently been raised to 20,635,000 shares to raise C$13 million. Click HERE Continue reading

O3 Mining starts drilling at Malartic

   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 commences major drill program to increase reserves as the DFS progresses

     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 Receives EIS Permit Required for Construction of the Camino Rojo Oxide gold Project

    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 Aug 16

   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 in Jumbuck takeover fight

   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 announces 2020 Q2 financial results

   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)

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Fiore Gold Expands Oxide Gold Mineralisation at Its Pan Mine


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