Argosy Minerals Quarterly activities Update

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

UEC bid for UEX Trumped by Denison Mines

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

Uranium Energy Corp Attains Key Milestone

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 Drills Highest Grade To-Date at Beta Hunt

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 Best Ever Drill results

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 13m @ 4.6 g/t Gold at Cuiú Cuiú

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.

Continue reading

Mining Review Sunday Update 24th July 2022

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 report 28m @ 3.34g/t Au at Tesorito

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

Newcore Gold Completes C$5M Bought Deal

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

Uranium Energy Corp – 32M lbs Resources

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