Ascot Resources Ltd (TSX: AOT)

Announced the closing of a US$105 million project financing package with Sprott Private Resource Lending II LP (“Sprott”) and Beedie Investments Ltd.

The Financing will be used to develop the Company’s Premier Gold Project in northern British Columbia. Continue reading →

Bardoc Gold Limited (ASX: BDC)

Advised that it has taken another key step towards the financing and development of its flagship 100%-owned Bardoc Gold Project, located 50 km north of Kalgoorlie in WA, after entering into a Binding Agreement with leading global minerals trader MRI
Trading AG (MRI) for the sale of gold concentrates from the Project. Continue reading →

   O3 Mining Inc. (TSX.V:OIII)

Provided initial drilling results from the Simkar zone, located 400 metres west of the historic deposit, within the Sector 3 of its Alpha property in Val-d’Or, Québec, as part of a fully-funded 150,000 metre drilling program.

The Simkar deposit hosts 43,000 oz Au at 5.52 g/t in Measured and Indicated resources and 20,000 oz Au at 6.36 g/t in Inferred category. Continue reading →

   GoldMining Inc. (TSX: GOLD)

Announced that its subsidiary, Gold Royalty Corp., has confidentially submitted a draft registration statement on Form F-1 with the SEC relating to a proposed initial public offering of Gold Royalty’s securities in the United States.

The IPO is expected to take place after the SEC completes its review process. Continue reading →

Fiore Gold  (TSX.V: F)

Announced an updated resource and reserve estimate for its Pan open pit mine in White Pine County, Nevada.

Highlights are an updated proven and probable mineral reserves of 24.0 million tons at a gold grade of  0.41 grams per tonne (“g/t”) containing 290,500 ounces of gold.This represents a 6% increase in contained gold ounces and fully replaces reserves mined since the last reserve update in September 2018. Continue reading →

   Cabral Gold Inc. (TSX.V: CBR)

Announced that the Company has raised $4,459,366 as a result of the exercise of 22,296,832 share purchase warrants, from a total of 22,796,832 issued in connection with a non-brokered private placement that closed on July 25, 2019. 

Officers and directors of the Company exercised a total of 1,966,667 warrants for proceeds of $393,333. Continue reading →

   Mining Review Sunday Roundup 6th Dec. 2020

Gold has risen strongly from the $1778 low set last week, to $1838, as the US dollar falls in value.

Iron ore has risen to a multi year high, and coking coal is rising strongly as well, as China ignores imports from Australia. Continue reading →

   Orla Mining Ltd. (TSX: OLA)

Announced the appointment of Eric Colby to its Board of Directors as nominated by Newmont Corporation. The appointment is effective immediately.

Mr. Colby is currently VP, Investor Relations and Corporate Communications at Newmont, where he leads the company’s investor relations, internal communications, and media relations. Continue reading →

Cabral Gold Inc.  (TSXV: CBR)

Continue reading →

   O3 Mining Inc. (TSX.V: OIII)

Provided results from its completed summer channel sampling program at its Alpha property, located 15 kilometres southeast of Val-d’Or, Québec.

The targets were generated by our exploration team and verified using artificial intelligence (“AI”). Continue reading →

   Colonial Coal (TSX.V: CAD)

Have been the subject of a new research report by Tormont Research Group.

The note includes a new target price reflecting the increase in the price of premium coking coal during the year, as Chinese economic production has roared back to life after their lockdown. Continue reading →

   Radisson Mining Resources Inc. (TSX-V: RDS)

Announced significant high-grade gold intercepts from the ongoing 60,000 m exploration drill program at its O’Brien gold project located along the Larder-Lake-Cadillac Break, halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada.

Continue reading →