Cabral Gold Inc. (TSXV: CBR)
Announced drill results from the Machichie and Medusa targets, and provide an update regarding the current reverse circulation (“RC”) drilling program which is designed to test multiple targets within the Cuiú Cuiú gold district in northern Brazil.
The highlight was drill hole, 40-20, which returned 34m @ 5.4 g/t gold including 13m @ 13.4 g/t gold, within which a bonanza grade section returned 3m @ 48.2 g/t gold. Continue reading
Mining Review Sunday Roundup 10th Jan. 2021
Gold has had a poor week, falling hard on the back of a rising US dollar and bond yields, and now sits just above support at $1,850.
American Creek Resources Ltd. (TSX.V: AMK)
Reported results for the last set of 2020 diamond drill holes for the Goldstorm Zone at their JV flagship property, Treaty Creek.(20%).
The project is located within the heart of the Golden Triangle of Northwestern British Columbia which is on-trend from Seabridge’s KSM Project located 5 K SW of the Goldstorm Zone. Continue reading
O3 Mining Inc. (TSX.V:OIII)
Announced that it has entered into a definitive property transfer agreement dated December 15, 2020 with Osisko Mining Inc. pursuant to which the O3 Mining, through its wholly-owned subsidiary, NioGold Mining Corporation, will transfer all of its rights, titles and interests in its Blondeau Guillet Property located in Belleterre, Québec to Osisko Mining. Continue reading
Fosterville South Exploration Ltd. (TSX.V: FSX)
Announced it has commenced drilling at its Lauriston Gold project, located in Victoria, Australia.
Lauriston is immediately south of and contiguous with Kirkland Lake Gold’s Fosterville Mine tenements, the world’s most profitable mine. Continue reading
Agnico Eagle Mines Limited (TSX: AEM)
And TMAC Resources (TSX: TMR) announced that they have entered into agreements pursuant to which Agnico Eagle has agreed to acquire all of the outstanding common shares of TMAC at a price of C$2.20 per share in cash.
This represents an increase of C$0.45 per share as compared to the offer price of C$1.75 offered by Shandong under the original Arrangement Agreement, which was disallowed by the Canadian authorities. Continue reading
Minera Alamos Inc. (TSX.V: MAI)
Announced that it has filed on SEDAR the results of the independent Technical Report and estimate of the Mineral Resources for the Cerro de Oro Project.
The Inferred Mineral Resource estimate contained 630,000 ounces of oxide gold mineralisation. Continue reading
Red River Resources Limited (ASX: RVR)
Announced further results from its drilling program targeting the Eleanora Lode at its Hillgrove Gold Mine in NSW, Australia.
Drill hole ELG147 returned the highest grade assay interval drilled to date by Red River at Hillgrove, intersecting 1.00m @ 57.2 g/t Au Continue reading
03 Mining (TSX.V: OIII)
Published a very informative review of their progress during 2020.
03 has some exciting exploration projects, in prolific gold belts in Quebec and Ontario, are well financed, and should provide strong newsflow in 2021. Continue reading
EnviroLeach Technologies Inc. (CSE: ETI)
Announced the completion of its previously announced non-brokered private placement. The Corporation has received subscriptions for 17,825,001 units at a price of $0.30 per Unit for total gross proceeds of $5,347,500.
Insider participation in the placement totaled 100,000 Units. Continue reading
Happy New Year!We wish all our readers and contributors a happy, healthy, and prosperous New Year in 2021!
May all your investments be fruitful ones.
