Cabral Gold Drills 22.4m @ 4.8 gpt Gold

Cabral Gold Inc. (TSX.V: CBR)

Provided assay results from four diamond-drill holes completed at the PDM target beneath the recently identified gold-in-oxide blanket, within the Cuiú Cuiú gold district in northern Brazil.

Diamond-drill hole DDH238 drilled at the PDM target beneath the recently identified gold-in-oxide blanket returned 22.4m @ 4.8 g/t gold from 114.1m. Continue reading

Fiore Gold Proxy Advisor Recommends Calibre Bid


Announced that Institutional Shareholder Services (“ISS”) has recommended that Fiore shareholders vote FOR the proposed acquisition by Calibre Mining Corp, of all of the issued and outstanding shares of Fiore at the upcoming special meeting of shareholders  to be held on January 5, 2022. Continue reading

American Creek JV drill1.09 g/t Gold Eq 476.1m

American Creek Resources  (TSX.V: AMK)

Presented the most recent drill results from the 30,108 meter, 2021 resource expansion and definition drilling program for the Goldstorm Deposit at their flagship property, Treaty Creek, located within the Golden Triangle of Northwest British Columbia.

The highlight was 1.09 gpt of gold over 476.1 m. Continue reading

Mining Review Weekly Update 19th December 2021

City Investors Circle – Mining Review 19th Dec 2021

The price of gold is still gyrating between $1760 and $1810, as the FOMC meeting comments are absorbed by the market, and sentiment changes by the day.

Ascot Resources, Cabral Gold, Canuc Resources, Neometals, and Orla Mining all made significant announcements this week. Continue reading

Ascot drills 36.2 g/t Gold Over 7.1 M at Sebakwe

Ascot Resources (TSX: AOT)

Announced additional assay results from the 2021 exploration drill program at the Company’s Premier Gold Project.

This release summarizes assays from the Company’s first two drill holes this year on the Sebakwe Zone near existing resources and the Premier mill building. Continue reading

Maple Gold Mines Closes C$7 million Bought Deal

Maple Gold Mines (TSX.V: MGM)

Announced that the Company has completed a “bought deal” brokered private placement of 13,020,000 common shares in the capital of the Company that will qualify as “flow-through shares” at a price of $0.54 per FT Share for gross proceeds of C$7,030,800. Continue reading

Colonial Coal shareholders re-elect six directors

Colonial Coal International Corp. (TSX.V: CAD)

Released the results of the company’s annual general meeting held on Dec. 14, 2021, in Vancouver, B.C.

The company reported that the shareholders voted to re-elect David Austin, Ian Downie, Anthony Hammond, John Perry, Gregory Waller and Partha S. Bhattacharyya as directors of the company for the ensuing year. Continue reading

Canuc Resources Issues San Javier Project Update

Canuc Resources (TSX.V: CDA)

Provided a December 2021 update on the exploration program currently in progress at the Company’s San Javier Ag-Au Project in Sonora State, Mexico.

Progress has been slow due to covid issues in Mexico, but progress has been made, with 1,750 m drilled and assays are awaited. Continue reading

Cabral Gold Drills 70.8m @ 1.0 g/t Gold at MG Gold

Cabral Gold Inc. (TSX.V: CBR)

Provided assay results from five diamond-drill holes completed at the MG gold-in-oxide blanket, and also results from reconnaissance drilling at the Alonso target within the Cuiú Cuiú gold district in northern Brazil.

Diamond-drill hole MET04 drilled at the gold-in-oxide blanket at MG returned 70.8m @ 1.0 g/t gold from surface, including 17.0m @ 3.3 g/t gold from 41.0m depth. Continue reading

Neometals signs agreement for ELi®Lithium Process

Neometals Ltd (ASX: NMT) and Mineral Resources (ASX: MIN)

Jointly announced that their 70:30 co-owned company, Reed Advanced Materials Pty Ltd has entered into a binding Co-operation Agreement with Portugal’s largest chemical producer Bondalti Chemicals, S.A. to commercialise the sustainable ELi lithium process to produce lithium hydroxide. Continue reading