Minera Alamos Confirm all Approvals Received for the La Fortuna Mine construction

   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

Fosterville South News – Leviathan Spinout Successfully Completed, Warrants Excercised

   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 News – Primobius JV signs first MOU in Europe

   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

Ascot Resources Discovers More High-Grade Gold in the Day Zone at Premier

Ascot Resources Ltd.   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

   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The Bank of America reported $4 billion was withdrawn from gold funds last week, a record.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 Receives Final Court Approval for Spinout of Leviathan Gold Shares to Shareholders

   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 Reports Multiple Copper and Tin Drill Intersects Including 4.04 m of 4.44% Copper

Cornish Metals Inc.   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 news – Drilling success and growth potential at the Sigma Lode at Aphrodite

   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

American Creek – Initiating coverage

Gantry 5   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 Shareholders approve the Leviathan Gold Spinout

   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

Kootenay Silver drills 2.25m of 933 g/t Ag Eq at Copalito

   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 sign a binding LOI for covid facemask deal


   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. Positioned to Lead in the US Uranium Reserve

   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.

Continue reading

Neometals Report the Successful Demonstration of Their Vanadium Recovery Mini Pilot Plant

   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