City Investors Circle – Monthly Review January 2021
The monthly Review has been issued, with comments on battery metals, copper, Robinhood traders, gold, silver, coking coal, and lithium.
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Westhaven Gold Corp. (TSX.V:WHN)
Announced that it has agreed with Raymond James Ltd., the underwriter, in connection with the previously announced bought deal offering of units of the Company at a price of C$0.70 per Unit, to increase the size of the offering to C$13 million. Continue reading
Uranium Energy Corporation (NYSE: UEC)
H. C. Wainwright have issued a new research report, recommending UEC as a BUY with a new target price.
UEC have a ready to switch on ISR uranium production facility in Texas.
Ascot Resources Ltd (TSX: AOT)
Announced exploration drill results from the Woodbine prospect at the Company’s Premier Gold Project .
Nine drill holes (for a total of 1,991m) were completed in an area separate from current known resources but in proximity to the Premier mill . The Woodbine prospect is located to the west of the Cascade Creek fault and the reported drill holes are the first Ascot holes on that side of the fault in the southern part of the PGP. Continue reading
Osisko Development Corp. (TSX.V: ODV)
Did you ever wonder what happened to Barkerville Gold? It was taken into Osisko Gold Royalties, and has now been spun out into another new Osisko company, Osisko Development Corp.
The Cariboo district is highly prospective for gold, so we are initiating coverage to follow Osisko Development Corp., and the Cariboo story as it progresses towards production. Continue reading
Cabral Gold Inc. (TSX.V: CBR)
Provided an update regarding the current reconnaissance RC drilling at Tracaja and the identification of a compelling new drill target at Indio, within the Cuiú Cuiú gold district in northern Brazil.
Cartier Resources Inc. (TSX-V: ECR)
Announced that it has commenced drilling on the Benoist Property, located 65 km northeast of Lebel-sur-Quévillon in the province of Québec.
The program follows the maiden NI 43-101 Resource Estimate published December 17th 2020. Continue reading
Mining Review – Sunday Roundup 24th January
The US inauguration of Joe Biden passed peacefully, thankfully calm heads prevailed.
He will now commence reversing the actions of Trump, which will include restricting thermal coal mining in the US, and the oil pipeline from Canada.
Gold had a better week, but is still oscillating around the $1,850 resistance level. Continue reading
Gold Road Resources (ASX: GOR)
Presented its activity report for the quarter ending 31 December 2020.
Production is from the Gruyere Gold Mine which is a 50:50 joint venture with Gruyere Mining Company Pty Ltd. (Gold Fields Ltd.). During the December 2020 quarter Gruyere delivered gold production of 70,794 ounces (100% basis) (September 2020 quarter: 55,919 ounces (100% basis)). Continue reading
Bardoc Gold Limited (ASX: BDC)
Reported a number of significant assay results from in-fill and exploration drilling at its cornerstone Zoroastrian (526k oz Au) and Excelsior (320k oz Au) Deposits, part of its 100%-owned 3.03 M oz Bardoc Gold Project, located 40 km north of Kalgoorlie, in Western Australia. Continue reading
Radisson Mining Resources (TSX.V: RDS)
Announced significant high-grade gold intercepts from the ongoing exploration drill program at its 100% owned O’Brien gold project located along the Larder-Lake-Cadillac Break.
Highlights were 14.90 g/t Au over 8.00 m, 41.04 g/t Au over 2.30 m, and 5.73 g/t Au over 9.20 m. Continue reading
Cornish Metals Inc. (TSX-V: CUSN)
Announced that, subject to certain conditions, one being a successful listing on London’s AIM exchange, it has reached an agreement with Osisko Gold Royalties to convert the outstanding amount of C$7.17 million under the 2018 note financing, into a royalty. Continue reading
Ascot Resources Ltd (TSX: AOT)
Announced additional gold intercepts at the “Day Zone” at the Company’s Premier Gold Project. The new drill holes have extended previously reported mineralization 150 m to the north.
Mineralisation is open along strike to the north and the south, and the highlight was 23.20g/t Au and 9.6g/t Ag over 2.00 m in hole P20-2263. Continue reading
Tinka Resources (TSX.V: TK)
Announce results of four drill holes from the current drill program at Ayawilca.
Three of the holes targeted extensions of indicated resources at West and South Ayawilca (holes A20-170, 171 & 175) while one hole is an infill hole at West Ayawilca (A20-173). Continue reading
Mining Review – Sunday Roundup 17th January
Despite being the traditional buying season for gold, Gold has had another poor week, and dragged down most of the gold stocks with it.
The key support level of $1,850 has been breached, a weaker US dollar would normally result in a higher gold price, but these aren’t normal times… Continue reading
Cornish Metals Inc. (TSX.V: CUSN)
Announced its intention to apply for admission of its common shares to trading on the AIM of the London Stock Exchange. subject to receipt of all necessary regulatory approvals.
The Company is proposing to raise £5 million by way of private placement of new Common Shares to advance the United Downs copper-tin project. The Company expects that Admission will become effective in February 2021. Continue reading
O3 Mining Inc. (TSX.V: OIII)
03 Mining announced that it has entered into a definitive share purchase agreement with Moneta Porcupine Mines Inc. (TSX: ME), pursuant to which it has agreed to sell its wholly-owned subsidiary, Northern Gold Mining Inc. in exchange for 149,507,273 common shares of Moneta, representing 30.1% of the outstanding Moneta Shares.
Northern Gold owns 100% of the Golden Bear assets, including the Garrison gold project in the Kirkland Lake district of the Timmins gold mining camp in Ontario, Canada. Continue reading
Nouveau Monde Graphite (TSX.V: NOU)
Has entered into an agreement with BMO Capital Markets (“BMO”), under which BMO has agreed to buy on bought deal basis 10,345,000 common shares, at a price of C$1.45 per Common Share (the “Offering Price”) for gross proceeds of approximately C$15 million. Continue reading
Fiore Gold (TSX.V: F)
Announced preliminary production results for the Company’s fiscal first quarter of 2021 (quarter ending December 31, 2020) from its Pan open pit mine in White Pine County, Nevada.
Q1 gold production of 9,204 ounces, reflecting guided lower production in first half of fiscal 2021. Continue reading
Orla Mining Ltd. (TSX: OLA)
Provided the results of an updated Feasibility Study and mineral reserve estimate on its Camino Rojo Oxide Gold Project located in Zacatecas, Mexico.
The updated Feasibility Study highlights a 54% increase in contained gold mineral reserves and a 3.5-year extension to the mine life of the Project, which is currently in construction. Continue reading