Colonial Coal (TSX.V: CAD)
Tormont Investment Research has published an upbeat and updated research note on British Columbia based steelmaking (coking) coal exploration and development company Colonial Coal.
The rise in the price of coking coal has made an already undervalued asset even more compelling, with CAD’s coal in the ground being valued at around 13 cents per ton at the current market price. Continue reading
Ascot Resources Ltd. (TSX: AOT)
Announce high-grade results in step-out and exploration drill holes from the 25,000m drill program at the Company’s Premier Gold Project.
Drilling this season to date has focused on the area to the northwest of the Premier/Northern Light zones. High-grade gold was intercepted from multiple drill locations and at various depths. Continue reading
Apollo Consolidated (ASX: AOP)
Reported some high grade shallow gold intercepts from recent drilling at their Lake Rebecca gold project located north of Kalgoorlie, in Western Australia.
The highlight was 75.8 m @ 4.64 g/t Au, which included an exceptional 9 m @ 15.2 g/t Au. Continue reading
Bardoc Gold (ASX: BDC)
Announced a Cash-flow Optimisation Study aimed at increasing the gold production rate, margins, and free cash-flow during the first five years of operations at their 3 Million Oz Au gold project, located north of Kalgoorlie. Continue reading
City Investors Circle Mining Review Sunday Update 8th Aug
The week was going well, until better than expected US employment numbers were released on Friday, and they crashed gold over $40 per ounce, or 2%.
Base and industrial metals also had a poor week, with iron ore down 14% on Chinese government restrictions on steel production having the desired effect on price. Continue reading
03 Mining Inc. (TSXV: OIII)
03 Mining provided an update on its fully-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d’Or, Québec, Canada which seeks to convert, expand, and discover new gold resources.
The Company is reporting 16 holes drilled on the Alpha property. Continue reading
American Creek Resources Ltd. (TSX.V: AMK)
Presented the first results for the 2021 resource expansion and definition drilling program for the Goldstorm Deposit at their flagship property, Treaty Creek.
Highlights included hole GS-21-103 that intersected 801.0 meters of 0.704 g/t Au Eq including a strong upper pulse of enrichment averaging 2.025 g/t Au Eq over 75.0 meters or 168.0 meters of 1.391 Au Eq. Continue reading
Fosterville South reported on ongoing drilling activities at the high-grade Reedy Creek goldfield within the Providence Project in Victoria, Australia.
While there has been no modern exploration at Reedy Creek, historical gold production reported at Reedy Creek is 43,489 tons for 39,223 oz at 26.8 g/t Au. Continue reading
Canuc Resources Corp. (TSX.V: CDA)
Provide an update on the exploration program currently in progress at the Company’s San Javier Ag-Au Project in Sonora State, Mexico.
Drill Hole number SJ-21-03 is currently in progress. The hole intersected massive magnetite at 343 m and is still in this zone at a depth of 480 m. Continue reading
Bardoc Gold Limited (ASX: BDC)
Advised that it has ramped up its strategy to grow the inventory at its 100%-owned, 3.07 M oz Bardoc Gold Project near Kalgoorlie, with a major new drilling program underway at the cornerstone Zoroastrian deposit.
This campaign is aimed at growing and upgrading the 530,000oz Resource at Zoroastrian. Continue reading
Orla Mining Ltd. (TSX: OLA)
Provided the results of a PFS, mineral resource, and mineral reserve estimates on its Cerro Quema Oxide Gold Project located in the Azuero Peninsula, Los Santos Province, Panama.
This is a low capex, low AISC project in the mold of their Camino Rojo project. Continue reading
Mining Review – Sunday Update 1st August 2021
It’s been a fair week for gold after the FOMC meeting’s dovish stance on interest rates.
Colonial Coal (CAD.V) and Orla Mining (OLA.TO) have risen substantially on decent volume after recent weakness. Continue reading
