O3 Mining Inc. (TSX.V: OIII)

Announced it has completed the purchase of the remaining 50% Northern Star claims (also known as the Virginia claims) for $150,000 USD pursuant to the terms of the purchase agreement between Niogold Mining Corporation, a corporation owned and controlled by O3 Mining, and 9265-991 Québec inc. Continue reading →

Mining Review – Sunday Roundup 8th November 2020

Counting in the US elections is, quite incredibly, still ongoing, but it seems Joe Biden is very close to being declared the winner, Trump lawsuits permitting of course.

Biden is seen as being positive for the gold price as the expectation is as a socialist he will be printing copious amounts of new money, further eroding the value of the US dollar, and thus increasing the gold price. Continue reading →

   Enviroleach Technologies Inc.(TSX.V: ETI)

Reported significant progress in the simultaneous extraction of tin and copper from end-of-life printed circuit board assemblies..

An extensive 12-month laboratory test program has resulted in a multimetal recovery process for the extraction of tin and copper from PCBAs Continue reading →

   Wesdome Gold Mines Ltd. (TSX: WDO)

Announced Q3 2020 financial results.

Mr. Duncan Middlemiss, President and CEO commented, “During Q3, Wesdome generated operating cash flow of C$25.5 million or C$0.18 per share and free cash flow of C$3.2 million, (net of an investment of $13.9 million in Kiena), or C$0.02 per share, ending the quarter with a cash position of C$73.5 million. Continue reading →

   Bardoc Gold Limited (ASX: BDC)

Reported that it has identified multiple new zones of strong gold anomalism at its North Kanowna Star Project, located 29 km south-east of the proposed Mill and Mine Site at its flagship 100%-owned 3.03 M oz Bardoc Gold Project, located 40 km north of Kalgoorlie in Western Australia. Continue reading →

   Orla Mining Ltd. (TSX: OLA) 

Has completed the second tranche drawdown of $50-million (U.S.) on its previously announced project finance facility. The funds will be used toward the development of the Camino Rojo oxide gold project located in Zacatecas state, Mexico.

Orla has the two principal permits necessary, and construction activities at Camino Rojo are under way. At the end of the third quarter of 2020, detailed engineering was 87 per cent complete, and commitments for equipment and contracts totalled $67-million. Continue reading →

   Apollo Consolidated (ASX: AOP)

Updated the market regarding their ongoing drill program at the Lake Rebecca Gold Project, which both support and extend the result so far.

The highlights were 1 m at 15.3 g/t Au, 9 m at 3.81 g/t Au, and 7 m at 3.33 g/t Au. Continue reading →

   Neometals (ASX: NMT)

Have produced an updated presentation with the focus on their Barrambie titanium and vanadium project located in Western Australia.

The importance of a high quality titanium deposit has attracted a Chinese based JV partner. Continue reading →

   Mining Review – Sunday Roundup 1st November 2020

The largest gold deposit in the world has been confirmed, called Sukhoi Log, located near Irkutsk in Siberia, Russia.

The deposit hosts 40 million ounces with the potential to grow to around 60 million ounces of gold with further drilling. Continue reading →