City Investors Circle Monthly Market Review May 2021
Mining stocks and the metals have enjoyed a wonderful May, virtually everything has moved in a positive direction, driven by a rising gold price and stimulus spending.
The review has comments on Ascot Resources, Orla Mining, Newcore Gold, Augusta Gold, Trillium Gold, Mako Mining, the potential of Ecuador as a new source of large scale copper projects, gold, copper, and iron ore. Continue reading
Mining Review – Sunday Update 30th May
A brief note today as the monthly update is out tomorrow, carrying full details of the month’s news.
Another positive week for metals and miners, and the US$ Index sits at a critical support level, will 90 break? If it does this would be very positive for gold. Continue reading
Los Cerros (ASX: LCL)
The first drill hole at the Ceibal prospect has delivered positive visual results, and prompted the company to transfer a second rig to the site to accelerate the drill program.
Ceibal is one kilometre south of Tesorito South, the main target of the current campaign. Continue reading
Wesdome Gold Mines Ltd. (TSX: WDO)
Announced underground exploration drilling results from the new high grade gold discovery in the footwall of the Kiena Deep A Zone at the Company’s 100% owned Kiena Mine Complex in Val d\’Or, Quebec. Continue reading
Fosterville South Exploration Ltd. (TSX.V: FSX)
Reported the results of a soil sampling program at Enoch’s Point goldfield (Walhalla Gold Belt Project) and Reedy Creek goldfield (Providence Gold Project) that has detected five significant As-Sb epizonal anomalies.
Soil sampling and assaying in the areas are ongoing. Continue reading
Lithium Power International (ASX:LPI)
Executed a sales agreement with Canada-based Vertex Lithium Corporation to divest its remaining 70% interest in lithium exploration properties on the Centenario Salar in Argentina.
The company will now focus on developing its flagship Maricunga Lithium Brine Project. Continue reading
Uranium Energy Corp (NYSE: UEC))
Reported recent increases in its physical and equity uranium holdings.
The Company has acquired an additional 200,000 pounds of U.S. warehoused uranium. Continue reading
Nouveau Monde Graphite (TSX.V: NOU)
Announced that it has received approval for the listing of its common shares on the New York Stock Exchange (“NYSE”).
The Company expects its common shares will open for trading on the NYSE on May 24, 2021, under the symbol “NMG”. Continue reading
Mining Review – Weekly Update 23rd May 2021
Coking (Steelmaking) coal, Tin, and Rhodium were the standout performers in an otherwise quiet week on the metals markets.
Colonial Coal (CAD,V) rose strongly on a rising coking coal price, and Newcore Gold (NCAU.V) added 6,000 metres to their planned drill program in for 2021 in Ghana. Continue reading
Minera Alamos Inc. (TSX.V: MAI)
Announced that this week, the Company successfully executed the first planned production blasts at the Nicho Norte pit, at the Santana gold mine in Sonora, Mexico. Continue reading
Silver Tiger (TSX.V: SLVR)
Silver Tiger reported some high grade silver intercepts in the Benjamin Vein at their El Tigre silver project located in Sonora State, northern Mexico.
The company have discovered that the Benjamin vein is the continuation of the Sooy vein. El Tigre is an historic former high grade silver mine. Continue reading
Newcore Gold (TSX.V: NCAU)
Announced an increase in their forthcoming drill program at Enchi in Ghana, to 66,000 metres.
An additional 8,000 metres of RC drilling will be completed. Continue reading
Kootenay Silver (TSX.V: KTN)
The company announced assay results from the first six core drill holes completed from its 2021 drill program at its Columba high-grade silver project located in Chihuahua State, Mexico.
The six core holes showed good grade and continuity. Continue reading
Roxgold (TSX: ROXG)
Roxgold reported Q1 201 results, possibly the last ones the company will report, unless the Fortuna Silver takeover falls through.
The company continue to make good progress, with a management team focused on organic growth and self funding exploration. Continue reading
Mining Review – Weekly Update 16th May 2021
Iron Ore prices continue to fall after the recent all time highs recorded in China, with the Dalian Commodities Exchange futures dropping the daily limit, and ending the session 3.6% down on Friday.
Workers at two of BHP’s large copper mines in Chile have rejected managements’ offers , and have voted to strike. The price of copper could well move higher until these disputes are resolved. Continue reading
Orla Mining (TSX: OLA)
Reported their Q1 2021 results, and provided a construction update for their Camino Rojo Gold Project, located in Zacatecs State, Mexico.
All looks on track with construction now 22% complete, and the engineering 95% complete. Continue reading
Westhaven Gold Corp. (TSX.V: WHN)
Announced drill results from its ongoing drill campaign at its 17,623-hectare Shovelnose gold property.
The highlight was 15.97 m of 9.15 g/t Au, and 27.43 g/t Ag at the FM Zone. Continue reading
Apollo Consolidated (ASX: AOP)
Apollo Consolidated added further high grade gold mineralisation to their 840,000 oz Au Rebecca deposit, near Kalgoorlie, Western Australia. Continue reading
Ascot Resources (TSX. AOT)
Ascot rose 20% on a buy recommendation from Porter Stansberry, an influential investment research house based in the USA.
The volume of Ascot shares traded was 20 times higher than the recent daily average. Continue reading