City investor circle London
Monthly market review for November 2020 published.
Companies mentioned include Colonial Coal, Nouveau Monde graphite, Zen Graphene. Scandium Intl, Fiore Gold, Orla Mining and Minera Alamos.
topics include lithium and battery metals prices rising, gold and silver falling. Continue reading
Orla Mining Ltd. (TSX: OLA)
Announced the start of earth moving activities at its Camino Rojo Oxide Gold Project located in Zacatecas State, Mexico.
This is another important step forward , and continues on track despite the challenges of the Covid-19 pandemic. Continue reading
Minera Alamos Inc. (TSX.V: MAI)
Announced that it is in receipt of the complete Environmental Impact Statement approval documentation from the Federal Agency for the Company’s La Fortuna gold project in Durango, Mexico.
The Company now possesses all the key federal approvals necessary for the construction of a commercial scale mine and associated processing facilities at the Fortuna project site. Continue reading
O3 Mining Inc. (TSX.V: Olll) has provided new drilling results from the Marban project in Val d’Or, Que., as part of its well-financed 150,000-metre drilling program.
Drilling highlights included 383.4 gpt Au over 2.0 metres in hole O3MA-20-008, including 1,510 g/t Au over 0.5 metre. Continue reading
Fosterville South (TSX.V: FSX)
Confirmed the recent spinout of their Avoca and Timor properties, into a newco, Leviathan Gold, has completed successfully.
Warrant exercises have increased FSX’ treasury to C$30.35 million, as drilling continues at Golden Mountain, and they prepare to drill at Lauriston, close to Kirkland Lake’s Fosterville mine. Continue reading
Neometals Ltd (ASX: NMT)
Announced that Primobius GmbH, the JV company owned 50:50 by Neometals and SMS group GmbH, has executed a non-binding MOU with InoBat j.s.a., a Slovakian battery manufacturing company, InoBat Auto J.S.A.
The MoU provides an evaluation framework towards a potential Primobius-InoBat commercial cooperation that will operate a commercial lithium-ion battery recycling facility in Central/Eastern Europe. Continue reading
Red River Resources Limited (ASX: RVR)
Announced results from its maiden diamond drilling program targeting Curry’s Lode at its Hillgrove Gold Project in NSW, Australia.
The program was an outstanding success, with all holes intersecting gold-tungsten-antimony mineralisation. Continue reading
Ascot Resources Ltd (TSX: AOT)
Announced additional high-grade gold intercepts at the Day Zone of the Company’s Premier Gold Project.
These results are highly significant as the Day Zone is in a strategic location approximately 300 m west of reserves and resources at the Big Missouri deposit and 5 km north of the Premier mill. Continue reading
Mining News Sunday Roundup Nov 22
Gold had a poor week again, as the positive covid-19 vaccine news seems to be outweighing the negative Biden election win negativity, for now at least. Investors have switched to risk on again.
The Bank of America reported $4 billion was withdrawn from gold funds last week, a record.
The Chinese are to introduce a copper futures contract denominated in Yuan. This is a direct challenge to the LME, and to the US dollar domination of the commodities sector. Continue reading
Fosterville South Exploration Ltd. (TSX.V: FSX)
Announced that it has received the final approval of the Court in respect of the plan of arrangement pursuant to which the Company will spinout its Avoca and Timor properties to Leviathan Gold Ltd. (“Leviathan”).
Subject to the procedures of the TSX Venture Exchange, the effective date of the Arrangement is scheduled to occur at 9:00 a.m. (Toronto time) on November 23, 2020. Continue reading
Cornish Metals Inc. (TSX-V: CUSN)
Reported the second set of assays from the diamond drilling programme conducted by Cornish Lithium at the United Downs project earlier in 2020.
Highlights included multiple zones of copper and / or tin mineralisation have been intersected, and mineralisation extends over at least 750 metres (“m”) vertical extent and is open along strike and to depth. Continue reading
Bardoc Gold Limited (ASX: BDC)
Advised that it has received further significant results from recent resource definition and exploration drilling at the cornerstone 1.7 M oz Au Aphrodite Deposit, part of its 100%-owned 3.03 M oz Bardoc Gold Project near Kalgoorlie.
The latest results demonstrate significant growth potential in the under-explored Sigma Lode. Continue reading
Colonial Coal (TSX.V: CAD)
Colonial Coal participated in 1 to 1 corporate meetings at the SMI conference this week, and impressed some investors as the company enjoyed high trading volumes after the conference.
Renowned Swiss Private investor Claude Bejet mentioned Colonial Coal as a strong buy tip in a webcast following the event. Continue reading
American Creek Resources (TSX.V: AMK)
City Investors Circle of London is initiating coverage of American Creek Resources, after being alerted to their prospectivity by an experienced investor from our group.
AMK ticks all the boxes in terms of management quality, location (next to large gold deposits), and in a tier 1 jurisdiction. The current 40,000 m drill program looks set to provide newsflow in the near term. Continue reading
Fosterville South Exploration (TSX.V: FSX)
Announced that all matters voted on at the annual general and special meeting of shareholders of the Company held on November 13, 20101 were approved, including, the special resolution with respect to an arrangement pursuant to which the Company will spin-out its Avoca and Timor properties to Leviathan Gold Ltd. Continue reading
Mining Review Sunday Roundup 15th November 2020
The US election is all over bar the lawsuits, and Joe Biden looks set to take his seat in the Oval Office.
This should be negative for the US dollar, and good for gold and commodity prices, as Biden is expected to print an awful lot more dollars thus debasing the currency. Continue reading
Kootenay Silver Inc. (TSX.V: KTN)
Provided results from the remaining seven holes of the 40-hole program totalling 4,153 metres at the Copalito silver-gold project, located in Sinaloa state, Mexico.
These results are part of the first ever drill program at the Property with previous results from the program announced in July and October 2020.The highlight was 933 gpt Ag over 2.25 Metres. Continue reading
ZEN Graphene Solutions (TSX.V: ZEN)
Announced that it has signed a binding letter of intent with Trebor Rx Corp, a Canadian personal protective equipment mask manufacturer with an initial production facility located in Collingwood, Ontario.
This binding LOI includes the initial purchase of ZEN’s patent pending graphene based viricidal coating for a minimum of 100 million masks/filters with pricing of these mask/filters being variable based on a number of factors. This initial minimum order is for the first year and is subject to Health Canada approvals. Continue reading
Uranium Energy Corp. (NYSE : UEC)
Reported that the US Senate Committee on Appropriations has released drafts of fiscal year 2021 funding measures and subcommittee allocations that include $150 million for the U.S. Uranium Reserve (https://bit.ly/3ljJUj8).
These bills are the product of bipartisan cooperation among members of the committee.
Neometals Ltd (ASX: NMT)
This innovative project development company announced the successful completion of its mini-pilot test work campaign on the Company’s Vanadium Recovery Project..
Results confirmed excellent vanadium chemical product purity (>99.5% V2O5), strong recoveries (>75%) and reduced residence time for Neometals’ patent pending hydrometallurgical process for recovering vanadium from Slag. Continue reading