Canuc Resources San Javier Project Area Hots Up

Canuc Resources (TSX.V: CDA)

Are preparing to drill their highly prospective San Javier silver / gold project, located in Sonora state, Mexico.

The neighbourhood is getting lively, with the arrival of TSX Venture listed Barksdale Resources and Osisko Development into the area, drawn by the prospectivity that Canuc CEO Chris Berlet identified many years ago. Continue reading

Los Cerros expands Tesorito South mineralised zone

Los Cerros logo   Los Cerros Limited (ASX: LCL)

Reported results from an additional three drill holes recently completed at the Company’s 100% owned Tesorito Prospect in Colombia, where drilling remains ongoing.

Drill testing the edges of the modelled gold mineralised envelopes continues to expand the Tesorito South mineralised zone with all 3 holes reported in this release extending from surface to greater than 200m downhole and containing extensive zones of higher grade gold. Continue reading

Mining Review – Sunday Update 16th April

Mining Super Pit truck   Mining Review – Sunday Update 16th April 2021

Gold is rising once again, and had a very positive week, due to the US dollar and US treasury yields both falling, Ukraine tensions rising, and amid rumours that China has increased imports of the yellow metal because they are planning a gold backed crypto currency.

Iron ore prices also rose to their highest price since September 2011. Continue reading

03 Mining Sells Its Kinebik Gold Project to Tri Origin

03 Mining logo   03 Mining Inc. (TSX.V: OIII)

Announced that it has sold its Kinebik Gold Project located between the towns of Matagami and Lebel-sur-Quévillon, in northern Quebec, to Tri Origin Exploration Ltd.

Under the terms of the agreement, O3 Mining received 2,700,000 common shares of Tri Origin, which are subject to a statutory four month and a day hold period. Continue reading

Neometals – High Grade Palladium in Nickel

Neometals logo   Neometals Ltd (ASX: NMT)

Announced encouraging results from preliminary metallurgical sighter test work carried out on mineralisation from the Armstrong Mineral Resource Estimate at the Mt Edwards Project.

The Armstrong deposit contains a Mineral Resource Estimate of 633,000 tonnes@ 2.1% nickel for 13,200 of contained nickel tonnes using a 1% Ni block cut-off grade. Continue reading

Uranium Energy Corp. Purchases Physical Uranium

Uranium Energy Corp logo   Uranium Energy Corp (NYSE: UEC)

Reported that it has now secured an additional 705,000 pounds of U.S. warehoused uranium, with delivery dates out to December 2022.

Including the previously announced contracts to acquire 1,400,000 pounds of uranium concentrates, UEC has now entered into additional purchase contracts for a total of 2,105,000 pounds of U3O8at a volume weighted average price of ~$30 per pound. Continue reading