City Investors Circle Market Review Aug 2021
Jackson Hole gave gold and US equities a boost, as the tapering can was kicked down the road again.
Companies featured in the Review include, Colonial Coal, Neometals, Banyan Gold, Fiore Gold, Ascot Resources, and Karora Resources. Continue reading
Neometals Ltd (ASX: NMT)
Announced that its MOU with Indian company Manikaran Power Limited to jointly fund the evaluation of developing an Indian lithium refinery together, with a co-operation agreement ancillary to the MOU, have been terminated. Continue reading
City Investors Circle Mining Review 29th Aug 2021
The market focus for gold this week was always going to be the Jackson’s Hole meeting, where “to taper or not to taper” was the question.
Well after all the excitement it was a damp squib, and the can was kicked down the road until September! Gold rose, and US stocks soared to new all time highs on the news.
FIORE GOLD LTD. (TSX.V: F)
Announced that its financial statements for the third fiscal quarter (“Q3 2021”) ended June 30, 2021.
Gold production of 11,751 ounces, an 8% increase compared to Q2 2021 as heap leach pH and alkalinity levels improved during the quarter, and Fiore earned $6 million operating cash flow during Q3. Continue reading
Banyan Gold Corp. (TSX.V:BYN)
Announced the results from the next five drill holes which have been received for the Powerline Deposit, AurMac Property, Yukon.
The highlight was 45.7 metres of 0.69 g/t Au, from surface, in DDH AX-21-93 Continue reading
Kootenay Silver Inc. (TSX.V: KTN)
Announced that its board of directors has unanimously approved a spin-out of 80% of the Company’s Canadian exploration assets to its shareholders, by way of a share capital reorganization effected through a statutory plan of arrangement.
The Canadian Assets are held through Kootenay’s wholly-owned subsidiary, Kootenay Resources Inc. Continue reading
Bardoc Gold (ASX: BDC)
Argonaut Research have published an updated research report on Bardoc Gold with a target share price of A$0.14.
Neometals Ltd (ASX: NMT)
Announced the approval by the shareholders of Primobius GmbH, the JV company owned 50:50 by Neometals and SMS group GmbH ,to fund the fast-track commercialisation of commercial lithium-ion battery recycling operations.
Primobius’ intends to expand the current demonstration plant in Hilchenbach, Germany, and build up operational capacity to provide a 10tpd processing facility. Continue reading
Boab Metals Limited (ASX: BML)
Reported that an upgrade to the Moonamang Road, a key piece of infrastructure traversing the Company’s Sorby Hills Lead-Silver-Zinc Project, is nearing completion.
This compliments the upgrade the Keep River Plains Road, thus providing a continuous sealed road between Sorby Hills and the recently acquired Manbarrum Zinc-Lead-Silver Project. Continue reading
Mining Review Sunday Update 22nd August 2021
Once again gold was the focus this week, trading was shaky but in the end it ended up a single US dollar higher than the previous week’s close at $1781.
Iron ore prices fell 22% in a week.
Of the companies we follow, Osisko Development and Maple Gold were the standouts with positive exploration news. Continue reading
Newcore Gold Ltd. (TSX.V: NCAU)
Announced that, on the back of the success achieved to date with drilling at the Company’s 100% owned Enchi Gold Project in Ghana, and the completion of an $11.5 million equity financing, the Company has increased its 2020 – 2021 drill program to 90,000 metres. Continue reading
Maple Gold Mines Ltd. (TSX.V: MGM)
Released preliminary 3D modelling results from Phase II of a three-phase review of historical drill data at the past-producing, high-grade Telbel underground mine at the Joutel Gold Project in Quebec, Canada.
Joutel is held by a 50-50 joint venture between the Company and Agnico Eagle Mines Limited. Continue reading
Osisko Development Corp. (TSX.V-ODV)
Osisko Development announced drilling results from the 200,000-meter 2021 exploration and category conversion drill program campaign at the former Barkerville Gold Cariboo Gold Project in central British Columbia.
The headline hole was 70.95 g/t Au over 2.00 meters in hole IM-21-070 Continue reading
Westhaven Gold Corp. (TSX-V: WHN)
Announced work has been temporarily halted on its Shovelnose gold property due to the wildfire situation.
Gareth Thomas, President & CEO of Westhaven Gold, states: “First and foremost, the safety and well-being of our staff members and contractors is paramount”. Continue reading
Wesdome Gold Mines Ltd. (TSX: WDO)
Announced impressive second quarter (“Q2 2021”) financial results, and the successful restart of the Kiena Mill.
Mr. Duncan Middlemiss, President and CEO commented, “Strong gold production in the second quarter of 30,375 ounces drove significant improvement in cost performance”. Continue reading
Boab Metals (ASX: BML)
Boab Metals released an updated presentation in advance of their participation in the Diggers and Dealers Mining Conference held in Kalgoorlie, WA.
The presentation has been updated to include the newly acquired strategically located Manbarrum Zinc-Lead-Silver Project. Continue reading
Mining Review Sunday Update 15th August 2021
The City Investors Circle Mining Review for Sunday 15th August includes comments on what caused the gold ‘flash crash’ last Sunday evening, and why the price of lithium is rising.
Companies mentioned include Albermarle, Ascot Resources, Bardoc Gold, Colonial Coal, Fosterville South Exploration, and Los Cerros. Continue reading
Fosterville South Exploration (TSX.V: FSX)
Initial drilling at the Reedy Creek goldfield within the Providence project in Victoria, Australia, has returned high-grade gold assays during reconnaissance reverse circulation drilling of a previously undrilled geochemical anomaly located within one of two ridge targets recently identified by the company.
The highlight was 11 m of 31.34 g/t Au at Providence. Continue reading
Neometals Ltd (ASX: NMT)
Announced the successful completion of the continuous pilot trial for the Company’s Vanadium Recovery Project.
The trials processed approximately 14 tonnes of vanadium-bearing steel by-product (“Slag”) over 24 days from 3 Scandinavian steel mills. Continue reading
Los Cerros (ASX: LCL)
Updated the market on recent drilling from Tesorito South, a near surface gold porphyry discovery, which is part of the Company’s 100% owned Quinchia Gold Project in Risaralda – Colombia.
Drill hole TS-DH27: delivered broad zones of gold porphyry mineralisation:
36m @ 1.01g/t Au from 116m. Continue reading