Mining Review Sunday Update 31st July
Gold and other metals bounced after the dovish comments by FED Chair Powell after he increased US interest rates by 0.75%.
Companies in the news this week with good drill results included Cabral Gold, Eloro Resources, and Karora Resources. Continue reading
Argosy Minerals Limited (ASX: AGY)
Continued its fast-track development strategy at the Rincon Lithium Project in Argentina, and progressed exploration works at the Tonopah Lithium Project in Nevada, USA, achieving significant milestones during the Quarter.
The 2,000 tpa lithium carbonate process plant development works progressing, with 90% of construction works completed, and production due to commence later this year. Continue reading
Uranium Energy Corp. (NYSE: UEC)
Has received a notice from UEX Corporation that Denison Mines Corp. has made an acquisition proposal for all of the issued and outstanding shares of UEX pursuant to a plan of arrangement.
The board of directors of UEX has determined that the Denison Proposal constitutes a “Superior Proposal”. UEC has five days to respond. Continue reading
Westhaven Gold Corp. (TSX.V: WHN)
Announced that it has arranged to issue, on a non-brokered private placement basis, up to 6,818,182 flow-through common shares of the Company at a price of $0.44 per FT share for gross proceeds of up to $3,000,000. Continue reading
Uranium Energy Corp (NYSE: UEC)
Announced that it has completed the installation of the 106 monitor wells necessary for its first Production Area Authorization at its Burke Hollow Project located in Bee County, Texas.
The planned production area is approximately two miles in length and, once complete, will constitute the largest production area ever to be developed in South Texas. Continue reading
Karora Resources Inc. (TSX: KRR)
Announced high-grade drill results from the Larkin Zone as part of its ongoing underground diamond drill program at Beta Hunt.
These included the following intersections: 29.8 g/t over 7.8 metres, 8.7 g/t over 4.0 m, and 4.2 g/t over 6.9 m. Continue reading
Eloro Resources (TSX.V: ELO)
Announced assay results from two additional diamond drill holes from its on-going drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia.
Hole DSBU-10 Intersected 188.64 g Ag eq/t (44.75 g Ag/t, 0.08 g Au/t, 1.05% Zn, 0.76% Pb and 0.14% Sn) over 349.08m. Continue reading
Cabral Gold Inc. (TSX.V: CBR)
Provided assay results from nine additional RC holes drilled to test the recently identified gold-in-oxide blanket at the PDM target within the Cuiú Cuiú Gold District, northern Brazil.
Intercepts included 13.0m @ 4.6 g/t gold from 25.0m in oxide material, including 1.0m @ 49.2 g/t gold.
Mining Review Sunday Update 24th July 2022
Another poor week for metals, but there are signs that maybe the US dollar has peaked, which would be positive if so.
Amongst companies in the news were American Creek Resources, Cyprium Metals, Karora Resources an Uranium Energy Corp. Continue reading
Los Cerros Limited (ASX: LCL)
Provided an update on recent infill drilling at Tesorito, an at-surface porphyry discovery that forms part of the 100% owned Quinchia Gold Project, in Risaralda – Colombia.
Quinchia is a cluster of porphyry and epithermal gold targets within a 3km radius, underpinned by established Mineral Resources of 2.6Moz @1g/t Au1 Continue reading
Cyprium Metals (ASX: CYM)
Published an updated corporate presentation for the recent Noosa Mining Conference in Queensland, Australia.
CYM are finalising financing for their Nifty copper mine restart due in 2023, and the report uses recent metal prices in its assumptions. Continue reading
American Creek Resources (TSX.V: AMK)
Presented the second set of JV partner Tudor Gold’s drill results for Phase l of the 2022 exploration program at their flagship property, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. Continue reading
Newcore Gold Ltd. (TSX.V: NCAU)
Announced it has closed its previously announced bought deal public offering.
Pursuant to the Offering, the Company issued 16,700,000 common shares of the Company at a price of $0.30 per Share for aggregate gross proceeds to the Company of approximately $5.0 million. Continue reading
Cyprium Metals Limited (ASX: CYM)
Announced the Company’s maiden Mineral Resource Estimate for the Nanadie Well deposit to a JORC 2012 standard.
The Nanadie Well Copper-Gold Mineral Resource Estimate forms part of Cyprium’s broader Murchison Copper-Gold Project. Continue reading
Uranium Energy Corp (NYSE: UEC)
Announced that it has filed a Technical Report Summary on EDGAR, disclosing mineral resources for the Company’s Anderson Project in Arizona.
Total disclosed Indicated Resources for the Anderson Project is stated at 32,055,000 lbs. eU3O8 with 16,175,000 tons grading 0.099% eU3O8. […] Continue reading
Karora Resources Inc. (TSX: KRR)
Announced it has received approval from the Toronto Stock Exchange to renew its normal course issuer bid to purchase up to no more than 8,492,971 of its issued and outstanding common shares. […] Continue reading
The strong US dollar is pushing down precious and industrial metal prices.
Mining stocks are taking a beating along with other popular sectors of the market. Continue reading
Orla Mining (TSX: OLA)
Has been added to the tier 1 watchlist, due to its pullback in market cap bringing it into the criteria used, as gold stocks have fallen recently.
Orla recently purchased Gold Mining Ventures in what the market considers was a very attractive price, taking advantage of the downturn. […] Continue reading
American Creek Resources Ltd. (TSX.V: AMK)
Presented the first set of drill results for Phase l of the 2022 exploration program conducted by Tudor Gold at their Joint Venture project, Treaty Creek, located in the heart of the Golden Triangle of Northwestern British Columbia. […] Continue reading
Wesdome Gold Mines Ltd. (TSX: WDO)
Announced second quarter 2022 production results.
“one time operational issued” effected production this quarter. […] Continue reading
