Mining Review – Sunday Roundup 11th October 2020
A positive week for both base and precious metal prices with a clean sweep across the board of all the key metals we follow.
Gold and silver rising and falling on US stimulus news, which is changing every day as the US election approaches. Continue reading
Ascot Resources Ltd. (TSX.V: ASC)
Released high-grade silver intercepts at the Silver Hill prospect at the company’s Premier gold project. These holes are from drill pad SH-02 at Silver Hill located 260 metres to the northean in the area.
Highlights from Silver Hill include 1,320 grams per tonne silver over 1.00 metre in hole P20-2211, and 154.3 g/t Ag over 7.12 m in hole P20-2220. Continue reading
O3 Mining Inc. (TSX.V:OIII)
03 Mining announced positive results from the independent preliminary economic assessment (“PEA”), prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”), for its 100% owned Marban project at the Malartic property, in the world-class mining region of Val D’Or in Québec, Canada. Continue reading
Neometals Ltd (ASX: NMT)
Announced an updated nickel sulphide Mineral Resource at its 132N deposit, estimated in accordance with the 2012 JORC Code..
132N forms part of the Mt Edwards Project located in a province of historic nickel sulphide mines. Using historical and new assay data the reinterpreted Mineral
Resource estimate at 132N has more than doubled the amount of contained nickel from 4,070 to 9,050 tonnes. Continue reading
GoldMining Inc. (TSX: GOLD)
Announced that, further to its news release dated, October 1, 2020, its common shares will commence trading on the NYSE American under the symbol “GLDG” at the open of markets Tuesday 6th October 2020.
The Common Shares will continue to trade on the Toronto Stock Exchange under the ticker symbol “GOLD”. Continue reading
Cartier Resources Inc. (TSX.V: ECR)
Released the results of an engineering study on the hoisting capacity of the underground mining infrastructure on the Chimo mine property.
This property, owned 100 per cent by Cartier, is located 45 km east of Val d’Or. With simple adjustments, the shaft on the Chimo mine property could extract 1.7 million metric tonnes per year (4,921 metric tonnes per day). Continue reading
Uranium Energy Corp. (NYSE: UEC)
Has been the subject of a new broker note issued by Haywood Capital Markets, of Canada.
They set a new target price and risk assessment Continue reading
Mining News – Sunday Roundup 4th October 2020
The last few months have seen an incredible amount of financings taking place in the mining sector, many were oversubscribed, particularly in the junior mining sector on the Toronto Venture Exchange.
I am concerned we may be about to experience a problem when all these newly created shares become free trading, starting around now. Continue reading
GoldMining Inc. (TSX: GOLD)
Announced that its common shares have been approved for listing and trading on the NYSE American.
The Company expects that its Common Shares will commence trading at market open on the NYSE American on October 6, 2020 under the symbol “GLDG” and will be delisted from the OTCQX. Continue reading
Cabral Gold Inc. (TSXV: CBR)
Announced the results of channel sampling at the Jerimum North target at the Cuiú Cuiú gold district in Para State, northern Brazil.
Highlights included a surface channel sample recently completed at the Jerimum North target returned 5.3 m @ 24.0 g/t gold. Jerimum North is located 4 km north-east of the MG deposit and 3.7 km north-east of the recently discovered high-grade veins at the Machichie SW target area. Continue reading
Bardoc Gold Limited (ASX: BDC)
Reported a significant increase in Measured and Indicated ounces that will support ongoing mining studies as part of a project-wide Mineral Resource update for its 100%-owned 3.03 M oz Bardoc Gold Project, located 40 km north of Kalgoorlie / Boulder in Western Australia./
As a result, 64% of total ounces are now in the higher confidence Measured and Indicated categories. Continue reading
