City Investors Circle – Monthly Market Review April 2021
The Review contains comments on Colonial Coal, Roxgold, Minera Alamos, Orla Mining, Neometals, Los Cerros, and Silver Tiger Metals.
Also comments on the new all time high prices of iron ore and palladium, a 10 year high for copper, and a strong rebound for gold and silver. Continue reading
Orla Mining Ltd. (TSX: OLA)
Announced that the Company has completed the third and final tranche drawdown of US$50 million on its previously announced Project Finance Facility.
The funds will be used towards the development of the Camino Rojo Oxide Gold Project located in Zacatecas State, Mexico. Continue reading
Roxgold (TSX: ROXG)
Announced that they have entered into a definitive agreement whereby Fortuna Silver Mines will acquire all the issued and outstanding securities of Roxgold pursuant to a plan of arrangement. Continue reading
Los Cerros Limited (ASX: LCL)
Has commissioned the first round of drilling at Ceibal, a new porphyry target with significant scale potential, 1km south west of the Company’s Tesorito South porphyry discovery with the first hole currently underway. Continue reading
Fosterville South Exploration (TSX.V: FSX)
Announced that it has re-commenced diamond drilling at its Golden Mountain project in Victoria, Australia.
Drilling at Golden Mountain had been paused through the heat of the summer fire season. The new drilling campaign will follow on the 2020 drill success Continue reading
City Investors Circle – Weekly Mining Review
The biggest news of the week is the announcement by Neometals that they are applying to dual list on the AIM market of the London Stock Exchange.
Gold gyrated around without advancing during the week. Continue reading
Neometals Ltd (ASX: NMT)
Announced that it is pursuing admission of its shares to trading on the AIM market of the London Stock Exchange as part of its strategy to capitalise on substantial UK and European investor interest in the Company’s role supporting sustainable circular battery value chains. Continue reading
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
Roxgold Inc. (TSX: ROXG)
Announced new exploration drilling results from the Company’s Boussoura Project, located on the Houndé Greenstone Belt in southern Burkina Faso.
Highlights from RC and Diamond Core drilling included 35 m at 4.1 g/t Au in drill hole BSR-21-RC-FFR-218 from 86m including 9m at 12.1 g/t Au from 96m. Continue reading
Silver Tiger Metals (TSX.V: SLVR)
Has intersected 0.5 m grading 4,668.5 g/t silver equivalent within 11.8 m grading 325.0 g/t silver equivalent in the Sooy in Drill Hole ET-21-219.
This hole was drilled on Section 4650N to test the Sooy Vein 250 m to the south along strike from Discovery Hole ET-20-202. Continue reading
Apollo Consolidated (ASX: AOP)
Reported a significant 50% increase in Indicated Mineral Resource at their Lake Rebecca Gold Project, located 100 miles NE of Kalgoorlie, Western Australia.
Apollo is well funded with over A$37 million in treasury, and is accelerating their drill program. Continue reading
Gold Road Resources Limited (ASX: GOR)
Presented its activity report for the quarter ending 31 March 2021.
During the March 2021 quarter, their Gruyere mine delivered gold production of 66,213 ounces (100% basis). Gold Road hold 50% in the JV with Goldfields. Continue reading
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 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
FIORE GOLD LTD. (TSX.V: F)
Announced preliminary production results for the Company’s fiscal second quarter of 2021 (quarter ending March 31, 2021) from its Pan open pit mine in White Pine County, Nevada.
Q2 gold production of 10,915 ounces, a 19% increase compared to Q1 2021 as heap leach pH levels improved during the quarter. Continue reading
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
Osisko Development Corp. (TSX.V: ODV)
Announced drilling results from the category conversion drill program campaign at its Cariboo Gold Project in central British Columbia.
Highlights include 10.81 g/t Au over 6.8 meters, including 100.50 g/t Au over 0.5 meter in hole CM-20-086, and 10.93 g/t Au over 12.0 meters in hole CM-20-089. Continue reading
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 (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
Colonial Coal (TSX.V: CAD)
Tormont Investment research Group have commented on Colonial Coal, part of the ‘Tormont 50’ portfolio.
They see a potential catalyst in steelmaking (coking) coal prices of Australia and China reconcile their differences. Continue reading