Cabral Gold Drills 55.1m @ 1.1 g/t gold at Cuiú Cuiú

Cabral Gold  (TSX.V: CBR)

Reported assay results from an initial 12 RC drill holes and three diamond holes drilled within and above the Central gold deposit within the Cuiú Cuiú gold district in northern Brazil. 

The Highlight was  55.1m @ 1.1 g/t gold including 5m @ 6.1 g/t gold.  […] Continue reading

Ascot Resources Premier Mine Funding Shortfall

Ascot Resources Ltd. (TSX: AOT)

Provided an update on the Premier Gold Project  located in the Golden Triangle of northwestern British Columbia with respect to progress to date and development plans in 2022.

The company also highlighted a funding shortfall which will have to be addressed in order to complete mine construction.

Continue reading

Wesdome Gold Q4 2021 and Full Year Results

Wesdome Gold Mines Ltd. (TSX: WDO)

Announced Q4 and full year 2021 production results and 2022 guidance.

Production from the Eagle River Complex in Q4 2021 produced 24,630 ounces of gold, putting full year 2021 production at 265,267 tonnes at an average grade of 12.2 gpt to produce 101,403 ounces, near the high end of 2021 production guidance of 92,000 – 105,000 ounces.   […] Continue reading

Mining Review Sunday Update 23rd January 2022

City Investors Circle Mining Review 23rd January 2022

Gold had a good week as the markets wobbled quite substantially, especially the tech laden NASDAQ index, a long overdue shake out surely?

Copper, nickel, tin, cobalt, and lithium are all looking strong as the anticipated demand for these battery metals forces up prices. The UK has just announced a gigafactory will be built. Continue reading

Eloro Resources Restarts Drilling at Iska Iska

Eloro Resources Ltd. (TSX.V: ELO)

Provided an update on its Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia.

By the end of 2021, the Company completed 40,468 metres (m) in 73 drill holes at Iska Iska. Currently there are two surface drill rigs and one underground drill rig on site. Drilling with all rigs recommenced on January 17, 2022. Continue reading

Calidus Resources – New Lithium Exploration JV

Calidus Resources Limited (ASX: CAI)

Announced that it has a 50 per cent interest in a new Pilbara lithium exploration company, Pirra Lithium Pty Ltd,  owned equally by Calidus and Haoma Mining NL.

Pirra Lithium will be assigned tenements and lithium rights across the most prospective lithium ground in the Calidus and Haoma portfolios. These tenements and lithium rights
cover 1,063km2   […]  Continue reading

Lithium Power to Demerge Its Australian Assets

Lithium Power International (ASX: LPI)

Announced its intention to demerge its Western Australian hard rock lithium assets.

The Demerger will create a dedicated, WA-focused lithium exploration company with the management team and resources to realise the value of the WA assets, and allow LPI to focus on their Maricunga asset in Chile. Continue reading

PDAC 2022 has been moved to June 2022

City Investors Circle – PDAC 2022 makes history

The PDAC announced today that they have moved the 2022 conference from March to June 2022, making history as the first show to take place outside the winter month of March, traditionally the coldest time of the year.

So PDAC 2022 will be shorts and t shirts in place of trench coats, gloves, hats,  and mufflers! Continue reading

Westhaven Gold Initial Mineral Resource Estimate

Westhaven Gold Corp. (TSX.V: WHN)

Announced the results from its Mineral Resource Estimate at its 100% owned 17,623-hectare Shovelnose Gold Property.

The Shovelnose Gold Property is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 km south of the City of Merritt, British Columbia.   […]

Continue reading

Mining Review Sunday Update 16th January 2021

City Investors Circle Mining Review 16th January 2021

Coking coal really roofed it this week, up 14%, and has gone into contango, meaning the future price of coal into China is now being than the present market price.

Colonial Coal is a beneficiary of this strong price at a time where it’s rumoured that potential predators are circling.

Gold had a good week, as did nickel, copper, and tin. Continue reading

Ascot Resources Intercepts High-Grade Gold at Day

Ascot Resources Ltd.(TSX: AOT)

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

This release contains the remainder of assay results from exploration drilling at the Day Zone, as well as assays from one hole drilled at the Woodbine target and one at the Boneyard near the Premier mill. Continue reading

Latrobe Magnesium added to Watchlist

Latrobe Magnesium (ASX: LMG)

Has been added to the second tier ‘Championship’ watchlist of City Investors Circle.

The company is developing environmentally friendly magnesium producing technology, giving them an edge in minimal co2 emissions, and a much lower production price then the Chinese producers, who dominate the industry producing around 87% of world supply. Continue reading

03 Mining Results from Its Marban Drill program

03 Mining Inc. (TSX.V: OIII)

Provided an update on its well-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 Corporation is reporting 15 holes drilled in and around the Marban open-pittable deposits. Continue reading

American Creek JV Drills 1.91 g/t Gold Eq Over 85m

American Creek Resources Ltd. (TSX.V: AMK)

Presented final drill results from the 30,108 meter, 2021 resource expansion and definition drilling program for the Goldstorm Deposit and Calm Before the Storm Zone , as well as surface sampling results from the Eureka Zone, at their flagship property, Treaty Creek, located within the Golden Triangle of Northwest British Columbia. Continue reading

Newcore Gold Intersects 1.79 g/t Gold Over 24 M

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.

RC drilling at the Nyam Gold Deposit at Enchi has intersected high-grade oxide gold mineralization near surface grading 1.79 g/t Au over 24.0 m from 38 m. RC drilling at Kwakyekrom intersected 0.99 g/t Au over 29.0 m from 81 m. Continue reading

Magnetic Resources Report high Grade Gold Zones

Magnetic Resources (ASX: MAU)

Magnetic Resources’ recent infill and extension drill program at Lady Julie has found both thick and high-grade zones starting from surface.

This promising southern part of the Lady Julie North 1 target zone area is being tested in detail over a 1km length with 33 RC holes planned for 3518m averaging 107m per hole. Continue reading