Cartier Resources Announces Benoist Drill Results

Cartier Resources Inc. (TSX.V: ECR)

Announced the results of Abitibi Geophysique Inc.’s InfiniTEM® XL geophysical survey and subsequent drilling on the Benoist property, located 65 km northeast of Lebel-sur-Quévillon, Quebec, Canada.

The programs aimed to further develop the potential of the project following the results of the first NI 43-101 resource estimate1, published on January 29, 2021. Continue reading

Mining Review Sunday Update 28th November 2021

Mining Review Sunday Update 28th November 2021

This week has been a game of two halves for gold, starting with the weakness created by the confirmation that Biden has renewed Jerome Powell’s chair of the FED, and then the news of the new covid variant sent investors back into gold as a safe haven. Continue reading

Bardoc Gold Confirms Zoroastrian Extension

Bardoc Gold (ASX: BDC)

Reported significant results from recent diamond drilling targeting depth extensions and infill of the multi-lode mineral system at the cornerstone 530koz Zoroastrian Deposit, part of its 100%-owned Bardoc Gold Project near Kalgoorlie in Western Australia.

Recent drilling has intersected new mineralisation, including defining the Bank of England Lode, at depth. Continue reading

Newcore Gold Nyam Drilling Finds High Grade Gold

Newcore Gold Ltd. (TSX-V: NCAU)

Announced additional drill results from the 90,000 metre drill program underway at the Company’s 100% owned Enchi Gold Project in Ghana.

Diamond drilling at the Nyam Gold Deposit at Enchi has intersected high-grade gold mineralization at depth grading 4.51 g/t gold over 13.0 metres from 236 m and 3.21 g/t Au over 15.0 m from 321 m. Continue reading

Los Cerros Ceibal is a major gold porphyry discovery

Los Cerros Limited (ASX: LCL)

Reported the results of the remainder of the initial scout diamond drilling program at Ceibal (CHDDH03-06), the Company’s new porphyry target, located less than 1km from the Tesorito Gold Porphyry discovery.

They are both part of the Company’s 100% owned Quinchia Project in Risaralda – Colombia. Continue reading

Mining Review Sunday Update 21st November 2021

Mining Review Sunday Update 21st November 2021

Colonial Coal is surging again after the publication of a positive Canaccord Research report.

Ascot Gold is also climbing as some in the media speculate they could be the next takeover target.

A higher US dollar sent precious metal and commodities prices lower on Friday, turning what had been a good week into a negative one at the death. Continue reading

Zentek Announces C$32.5 Million financing deals

Zentek Ltd. (TSX.V:ZEN)

A Canadian, IP development and commercialization company focused on next-gen healthcare solutions announces that it has entered into an agreement with Eight Capital as lead underwriter and sole bookrunner on behalf of a syndicate of underwriters to raise up to C$32.5 million via a bought deal, and a non brokered private plaement. Continue reading

Radisson Mining Agrees a C$5 m Private Placement

Radisson Mining Resources Inc. (TSX-V: RDS)

Announced that it has entered into an agreement with Eight Capital as lead agent and sole bookrunner, on behalf of a syndicate of agents pursuant to which the Corporation has launched a proposed private placement for aggregate gross proceeds for $5,000,000.

This will comprise a combination of flow through shares. Continue reading

Colonial Coal – New Research Report by Canaccord

Colonial Coal (TSX.V: CAD)

Canaccord Genuity, the highly respected Canadian banking and investment company, have written a new research report about Colonial Coal.

The rise in share price of Colonial, and coking coal of course,  has lead to a massive boost in interest in the company, and that has resutted in larger companies and investment houses taking an interest in the company.[…] Continue reading

Minera Alamos Price Weak as Osisko Sell Down

Minera Alamos (TSX.V: MAI)

The Minera Alamos price has been weak recently, (not helped by the lower gold price obviously), but with such positive news of the first gold pour being announced, it did seem oversold.

It has now been revealed that Osisko Gold Royalty have sold some 14 million shares between the 11th and 13th November. Continue reading

The Global Mining Finance Conference was Buzzing

Global Mining Finance Conference – London

London’s first live mining conference for 23 months was very well attended, and the networking sessions were buzzing, as people interacted face to face again, finally.

Three well delivered company presentations were made, by Caledonia Mining, Beowulf Mining, and Rainbow Rare Earths, covering three distinct areas of the metals markets, precious metals, bulk commodities, and advanced metals.

The four expert keynote speakers gave thought provoking opinions were, Amanda Van Dyke, Alain Corbani, Rayma Aman, and Ross Norman. Continue reading

Mining Review Sunday Update 14th November 2021

Mining Review Sunday Update 14th November 2021

City Investors Circle weekly Mining Review features comments on Gold Road Resources, Apollo Consolidated, Tinka Resources, Orla Mining, Ascot Resources, and Silver Tiger.

Gold is heading upwards and sits at the US$1865 resistance level, as US inflation numbers rise. Newcrest took out Pretium in a US $2.8 billion deal. Continue reading

Tinka Resources find 6m of 12.8 gpt Au and 2.7% Cu

Tinka Resources (TSX.V: TK)

Announced high-grade gold and copper trench results from Silvia NW, one of several prospective targets at the Company’s 100%-owned Silvia Project located 30 km from the Company’s flagship Ayawilca zinc-silver project.

New trench results included 46 metres at 1.9 g/t gold & 0.8% copper (2.2% CuEQ or 2.9 g/t AuEQ), including 6 metres at 12.8 g/t gold & 2.7% copper. Continue reading