Karora Resources Q1 2022 Results Hit by Covid 19

Karora Resources Inc. (TSX: KRR)

Announced its financial results and review of activities for the three months ended March 31, 2022.

Costs were significantly higher than guidance as a result of covid 19 infections disrupting the mining staff, and some production was routed through toll mining at a higher cost.  […]  Continue reading

Eloro Resources Completes Discounted Bought Deal

Eloro Resources (TSX.V: ELO)

Announced that it has entered into an agreement pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 1,538,480 units at a price of C$3.25 per Unit for gross proceeds to the Company of C$5,000,060.

This is around a 25% discount to the prevailing price at the time of announcement.  […]  Continue reading

Colonial Coal CEO Presentation Enthuses Investors

Colonial Coal (TSX.V: CAD)

CEO David Austin gave an upbeat online presentation yesterday, where he highlighted the potential for the Colonial Coal Peace River assets at the prevailing world coal prices.

Quite simply, with FOB costs of around C$150, and coal fetching over C$500 per tonne, the numbers make a compelling investment case.  […]  Continue reading

Calidus Resources Pours First Gold at Warrawoona

Calidus Resources Limited (ASX: CAI)

Announced that it has poured the first gold at its Warrawoona Gold Project located in the Pilbara of Western Australia.

The project has now entered the ramp-up phase, with the elution circuit currently
commissioning, paving the way for the first bar sourced from the leach circuit to be
poured next week. […]  Continue reading

Mining Review Sunday Update 8th May 2022

Mining Review Sunday Update 8th May 2022

Another volatile week for gold, but it fared better than some thought after the half a percent FED rate hike.

Companies in the news this week included, Cabral Gold, Eloro Resources, Fosterville South, Kootenay Silver, and Radisson Mining Resources.

Continue reading

London Mining Conferences are Becoming Identical

City Investors Circle

This week I attended the Mines and Money Conference in London. Normally this would be at the Design Centre, Islington, but this year the venue has changed.

It was held in the former GLC County Hall building alongside Waterloo station, the same venue in fact as the 121 mining conferences, on the same floor even. The similarities didn’t end there either.  {…}  Continue reading

Cabral Gold Drills 9.6m @ 16.4 g/t Gold at Cuiú Cuiú

Cabral Gold  (TSX.V: CBR)

Provided assay results from three diamond-drill holes on two sections in the southern part of the primary Central gold deposit within the Cuiú Cuiú Gold District, Para State, northern Brazil.

Hole DDH268 tested the emerging high-grade zone at Central on section N20870 and returned 9.6m @ 16.4 g/t gold from 164.3m [..]  Continue reading

Eloro Resources resource detail by expert geologist

Eloro Resources (TSX.V: ELO)

Expert geologist Quinton Hennigh explains in detail his interpretation of Eloro’s resource at Iska Iska, and then follows that with a superb and easy to follow guide on how to estimate a resource volume from given parameters.

This is well worth listening to, a real education by an expert in his field.  […]  Continue reading

Mining Review Sunday Update 1st May 2022

Mining Review Sunday Update 1st May 2022

Another poor week for gold, back below $1,900 due to anticipation of several FED half percent interest rate hikes, and a strong dollar.

Companies in  the news this week include Calidus Resources, Colonial Coal, Cornish Metals, Eloro Resources, and Neometals.  […]  Continue reading