Mining Review Sunday Update 10th April 2022
City Investors Circle Mining Review for the 10th April 2022.
Companies covered include, Ascot Resources, Calidus Resources, Canuc Resources, Cyprium Metals, Gold Road Resources, and Orla Mining.
Monthly Archives: April 2022
GoldMining Inc. Issues a Letter to Shareholders
GoldMining Inc. (TSX: GOLD / NYSE American: GLDG)
Issued a letter from its Chairman, Amir Adnani, updating shareholders on the Company’s progress in advancing and unlocking value from its portfolio of assets while enhancing a peer leading balance sheet which includes cash and holdings in Gold Royalty Corp. […] Continue reading
Uranium Energy Corp. Files A Technical Report
Uranium Energy Corp. (NYSE: UEC)
Announced that it has filed a Technical Report Summary (“TRS”) on EDGAR, disclosing mineral resources for the Company’s Wyoming ISR Hub and Spoke Project [..] Continue reading
Calidus Resources Confirm First Gold Pour on track
Calidus Resources Limited (ASX:CAI)
Announced that commissioning is progressing well at its 100% owned Warrawoona Gold Project in the Pilbara of Western Australia.
The SAG Mill is now ready for ore commissioning, and milling will commence by the end of the month with first gold poured approximately 2 weeks later. […] Continue reading
Maple Gold Reports Autumn Drill Results at Douay
Maple Gold Mines Ltd. (TSX.V: MGM)
Reported final assay results from the autumn 2021 drill program at the Company’s Douay Gold Project in Quebec, Canada. (50/50 JV with Agnico Eagle Mines).
The JV completed a total of seven holes and roughly 3,420 m, with every hole intersecting multiple intervals of >1 gram per tonne gold/ […] Continue reading
Gold Road Takeover Offer for DGO Recommended
Gold Road Resources (ASX: GOR)
Has made a unanimously recommended off-market takeover offer for DGO Gold, ASX: DGO), at an implied offer price of A$3.55 per share.
The offer is conditional upon an 80% acceptance by DGO shareholders. Continue reading
Canuc Resources Closes Private Placement
Canuc Resources Corp. (TSX.V: CDA)
Announced the closing of non-brokered Private Placement for gross proceeds of $450,000 CAD.
The closing of this Private Placement results in issuance of 3,000,000 Units. Each Unit consists of one common share priced at $0.15 per share, and one half of one common share purchase warrant. […] Continue reading
Cyprium Metals Drilling Results Extend Nifty West
Cyprium Metals Limited (ASX: CYM)
Announced the receipt of assay results from the final 11 RC holes (for 3,356m) at Nifty West.
The drilling programme targeted lightly drilled areas up-plunge of the former underground mine in the keel area of the Nifty syncline below the western end of the Nifty open pit. Continue reading
Ascot Resources to “Seek New Financing Options”
Ascot Resources Ltd.(TSX: AOT)
Provides an update on construction financing and development plans for its Premier Gold Project in the prolific Golden Triangle of northwestern British Columbia.
Ascot and Sprott Private Resource Lending have failed to come to agreement regarding the conditions for the continuation of their funding arrangement, and as a result, Ascot are seeking alternative sources of funding for the remaining C$60 million of project finance. […] Continue reading
Orla Mining – Commercial Production at Camino Rojo
Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce the declaration of commercial production at the Camino Rojo Oxide Gold Mine (“Camino Rojo”), effective April 1, 2022. […] Continue reading
Mining Review Sunday Update 3rd April 2022
Mining Review Sunday Update 3rd April 2022
The nickel price is still holding at a higher level then before the LME ‘Big Shot’ debacle, and volumes remain low, some trust has been lost.
Watchlist companies making news this week included Banyan Gold, Cornish Metals, Gold Road Resources, Neometals, and Pure Gold Mining. […] Continue reading
Banyan Gold Intersects 1.16 G/T Gold over 68.9m
Banyan Gold Corp. (TSX.V: BYN)
Announced results from twenty-one diamond drill holes completed during the Company’s 2021 exploration program at the Powerline deposit located on the AurMac Property.
The glory hole was 68.9 m of 1.16 g/t Au. […] Continue reading
City Investors Circle Market Review for March 2022
City Investors Circle Market Review for March 2022 published
The main focus is on critical commodities for the global supply chain that may be effected by the Ukraine war. Russia produces nickel sulphide, used for EV batteries.
The featured company is Cabral Gold, and companies commented on include Calidus Resources, Cornish Metals, Gold Road Resources, Karora Resources, Neometals, Newcore Gold, and O3 Mining. Continue reading