Cornish Metals Permitted for United Downs Drilling

Cornish Metals logo   Cornish Metals Inc. (TSX.V / AIM: CUSN)

Announced it will commence an exploration drilling programme at its United Downs project in Cornwall UK, on April 6, 2021, after receiving confirmation of its permitted development rights.

The aim of the drill programme is to follow-up on the discovery of high-grade copper-tin mineralisation in drill hole GWDD-002 that recorded 14.69 m at 8.45% copper and 1.19% tin. Continue reading

Mining Review – Sunday Update 28th Mar

   Mining Review – Sunday 28th March 2021

The elephant in the room this week is the confiscation of Resolute Mining’s Bibiani licence, by the Ministry of Mines, Ghana. This is very disappointing, and we await the reasons for this before passing judgement on the country of Ghana.

Most metals were moribund, but Rhodium took a 15% hit, after a long winning streak. Continue reading

Resolute Mining’s Bibiani Lease Terminated by Ghana

Resolute Mining (LSE / ASX: RSG)

Resolute Mining Limited advises that it has today received a letter dated 23 March 2021 from the Ghanaian Minerals Commission advising that, on the instructions of the Ghanaian Honourable Minister of Lands and Natural Resources, the Mining Lease for the Bibiani Gold Mine stands terminated.

The Company has been advised to cease all activities and operations at the mine site. Continue reading

03 Mining Intersects 5.1 g/t Au Over 5.1 m at Marban

   O3 Mining Inc. (TSX.V: OIII)

03 Mining provided new drilling results from the Marban project on its Malartic Property in the Val-d’Or region of Québec, Canada as part of its 250,000 metre drilling program.

The highlight was 5.1 g/t Au over 5.1 metres including 13.1 g/t Au Over 0.5 metres and 15.2 g/t Au over 0.7 metres in hole O3MA-21-033-W1 at the North Shear zone. Continue reading

Silver Tiger Metals – Drills 1.6 m of 1,355 g/t Ag Eq

Silver Tiger Metals logo   Silver Tiger Metals (TSX.V: SLVR )

Reported an intersect of 1.6 meters grading 1,355.4 g/t silver equivalent in the Sooy Vein and 2.3 meters of 870.7 g/t silver equivalent in the Sooy Footwall Zone in Drill Hole ET-21-213.

This hole was drilled on Section 4812.2N to test the Vein and the Footwall Zone about 90 m to the south along strike from Discovery Hole ET-20-202. Continue reading

Fosterville South Reports High Grade Gold Assays

   Fosterville South Exploration  (TSX.V: FSX)

Reported new gold assay results from rock chips samples collected as part of the ongoing exploration program at Enoch’s Point (which forms part of the Walhalla Gold Belt Project), being conducted in preparation for drilling.

Highlight sample assays include CR12969 which graded 179 g/t gold, CR13069 which graded 155 g/t gold and CR13017 which graded 16.8 g/t gold. Continue reading

Apollo Consolidated Limited – New Gold Discovery

Apollo Consolidated Limited logo   Apollo Consolidated (ASX:AOP)

Announced the discovery of new gold zones at the Lake Rebecca gold project in Western Australia, following results of recent geotechnical drilling.

Diamond drilling conducted for geotechnical purposes at the Jennifer structure uncovered up to 7.4 meters at 4.7 grams per tonne grade of gold outside known resource. Continue reading

Los Cerros intercepts two gold porphyry systems

Los Cerros logo Los Cerros Ltd (AS,X: LCL) 

Updated the market regarding recently received assays and additional porphyry-focussed Chuscal drilling intersects two separate gold porphyry systems.

The Chuscal target is part of the 100% owned Quinchia Gold Project in Colombia which includes the Tesorito near surface porphyry, and the Miraflores ~450koz Reserve all within a 3km radius, plus several undrilled high priority exploration targets. Continue reading

Mining Review – Sunday Update 14th Mar

   Mining Review – Sunday Update 14th March 2021

A slightly better  week for gold and silver, both finished positive after the recent rout.  US stocks rebounded strongly, especially on the tech laden NASDAQ.

Bitcoin claims a big scalp as Peter Schiff’s son sells everything including his gold to invest in Bitcoin, which has just reached another all time high. Continue reading

Cornish Metals Sign Leases and Agreements

   Cornish Metals Inc. (TSX.V / AIM: CUSN)

Announced they are to lease a 1.2 hectare site surrounding New Roskear Shaft in Camborne for up to 23 years, agreed to lease the mineral rights owned by Roskear Minerals LLP within the South Crofty Underground Permission Area for up to 25 years, and agreed  for the disposal of waste material derived from the treatment of mine water from South Crofty Mine. Continue reading