Neometals (ASX: NMT)
Updated their nickel mineral resources at Mt. Edwards, increasing the estimates by 45% for the McEwen and McEwen Hangingwall deposits.
These are only two of eleven deposits in a province of historic nickel sulphide mining. Continue reading
Gold Road Resources Limited ASX: GOR)
Reported that, due to disruptions to processing plant operations at the Gruyere Gold Mine, production for the June 2021 quarter will be approximately 52,000 to 55,000 ounces (100% basis).
As a consequence of the lower than expected gold production, and additional plant maintenance, AISC per ounce for the June 2021 quarter are anticipated to be in a range of A$1,675 to A$1,800. Continue reading
FIORE GOLD LTD. (TSX.V: F)
Reported additional results from recent core drilling at its Gold Rock project in Nevada.
The core drilling program is designed to supplement the larger reverse circulation program, giving a more detailed look at the subsurface geology and structure while providing more complete and representative samples for assaying and other test work. Continue reading
Red River Resources (ASX: RVR)
Announced it has signed an offtake agreement with leading global commodity producer and trader Glencore International AG for gold concentrate produced at its Hillgrove Gold Mine in New South Wales. Continue reading
Mining Review – Sunday Update 27th June 2021
Another poor week for gold, precious, and industrial metals, as US dollar strength and the prospect of increased interest rates (no matter how distant in the future).
Stocks have reacted accordingly, with even undervalued companies at the asset level such as Colonial Coal ($CAD) suffering. We are, of course, in the midst of the summer doldrums in the UK and Canada, and Australian tax loss selling. Continue reading
Gold Royalty Corp. (NYSE: GROY)
Announced that they have entered into a definitive agreement to combine with Ely Gold Royalties Inc., pursuant to which Gold Royalty Corp. will acquire all of the issued and outstanding common shares of Ely Gold by way of a statutory plan of arrangement. Continue reading
GoldMining Inc. (TSX: GOLD)
Announced the results of an updated Mineral Resource Estimate on its 100% owned Whistler Project in south central Alaska, U.S.A. consisting of resource estimates for the Whistler, Island Mountain and Raintree West gold-copper deposits with an effective date of June 11, 2021. Continue reading
Minera Alamos Inc. (TSX.V: MAI)
Provided an update on the start-up of mining operations at the Santana gold mine, Sonora, Mexico.
All construction has now been completed with the full leach pad now lined and available for stacking. First loading of mined material from the Nicho Norte pit commenced earlier this month in preparation for the commissioning of leach operations around the end of the June. Continue reading
City Investors Circle – Initiating coverage Boab Metals
Boab is a lead mine with silver and zinc credits, located in the East Kimberley region of Western Australia.
The share structure is tight, capex required is low, and their is competition from offtakers to take the entire production from the mine. Continue reading
Roxgold Inc. (TSX: ROXG)
Announced initial drill results from the newly discovered Gabbro North prospect, further results from step-out and in-fill drilling at the recently discovered Sunbird deposit, and additional high-grade results from the depth extension drilling at the high grade Koula deposit, at the Séguéla Gold Project located in the Ivory Coast. Continue reading
Mining Review Sunday Update 19th June 2021
Gold took a hard tumble for the flimsiest of reasons, the possibility of two US interest rate increases in two years time!
It really does illustrate perfectly the lunacy of the current financial markets.
China released copper and iron ore from their strategic reserve to try and curb speculation, with little to no effect thus far. Continue reading
Osisko Development Corp. (TSX.V: ODV)
Announced drilling results from the 200,000-meter 2021 exploration and category conversion drill program campaign at its Cariboo Gold Project in central British Columbia.
There are 73,400 meters of assay results pending at Cariboo. Continue reading
Karora Resources (TSX: KRR) Initiating coverage
City Investors Circle is initiating coverage of Karora Resources, a Canadian listed gold production and exploration company, located near Kalgoorlie in Western Australia.
Karora are a great fit with our ethos of investing in companies that are in production and growing organically, are cashflow positive, and are continuing to bring new deposits online from their cashflow, rather than dilution. Continue reading
Red River Resources (ASX: RVR)
Provided an update on legal proceedings against its wholly-owned subsidiary Cromarty Resources Pty Ltd (Cromarty) and Red River, relating to the payment of royalties.
Red River has received judgement in the Proceedings and the initial estimated range is approximately $15 to $20 million in total for unpaid and future royalties. Continue reading
City Investors Circle – Mining Conference Zoom meeting invites
As a keen investor in the mining sector, for over 20 years, I love attending mining conferences, all over the world, meeting new people, and hearing about potential projects to invest in.
Covid put paid to attending in person, but opened up a new opportunity, attending remotely (virtually) utilising Zoom meetings. This worked well for a while, but recently I have found I have been overwhelmed by meeting requests. Continue reading
FIORE GOLD LTD. (TSX.V: F)
Announced that it has signed a letter of intent with Clover Nevada LLC to acquire an 100% interest in the past producing Illipah gold project, located in White Pine County, Nevada approximately 36 km northeast of Fiore’s Gold Rock project at the southern end of the prolific Carlin Trend. Continue reading
Neometals Ltd (ASX: NMT)
Announced continuous pilot trial on the Company’s Vanadium Recovery Project.
The Pilot campaign will process approximately 13 tonnes of vanadium-bearing steel by-product (“Slag”) over a total of 22 days from 3 Scandinavian sites at 25 kg/hr. Continue reading
Mining Review – Sunday Update 13th June 2021
Gold fell at the end of the week due to a rising US dollar, despite US inflation coming in higher than expected.
The eyes of the mining world have been focused on the Peruvian election this week, where a pro-mining right wing candidate is trailing the anti mining left wing candidate by a wafer thin margin. Fraud allegations look like dragging this out for a while. Continue reading
Cornish Metals Inc. (TSX-V / AIM: CUSN) a mineral exploration and development company focused on its projects in Cornwall, United Kingdom, announced the results of an updated Mineral Resource Estimate for South Crofty in accordance with the JORC Code. Continue reading
Cabral Gold Inc. (TSX.V: CBR)
Provided assay results from two recently completed diamond drill holes and four RC holes at the MG gold deposit, within the Cuiú Cuiú gold district in northern Brazil.
Results continue to show higher grades in basement zones as well as strong gold mineralization within the weathered, oxide cover sequence. Continue reading
