Impact Minerals to Sell a 75% interest in the Commonwealth Project

Impact Minerals Limited (ASX: IPT)

Announced that it has agreed terms for the sale of a 75% interest in its 100% owned Commonwealth Project in the Lachlan copper-gold province of New South Wales.

The principal terms of the sale, which is to Burrendong Minerals Limited, an unrelated public company looking to list on the ASX.  Continue reading

Uranium Energy Notes New Denison Bid

Uranium Energy Corp. (NYSE: UEC)

Has received a notice from UEX Corporation that Denison Mines has made a new non-binding proposal to acquire all of the issued and outstanding shares of UEX pursuant to a plan of arrangement.

The “UEX Board has unilaterally postposed the special meeting of securityholders of UEX originally scheduled for today, Tuesday, August 9, 2022 to Monday, August 15, 2022 to consider the New Denison Proposal.  Continue reading

Mining Review Sunday Update 7th July 2022

Mining Review Sunday Update 7th July 2022

A couple of disasters have unfolded, with the fall into administration of Wiluna Mining just after raising A$40 million, and Pure Gold Mining falling.

Cabral Gold and Calidus Resources reported good drill intercepts, and UEC made a proposal to the US government. Continue reading

Rokmaster Begins Drilling at Revel Ridge

Rokmaster Resources (TSX.V: RKR)

Announced commencement of the surface diamond drill program at its Revel Ridge Project.

The current drill program is primarily directed to efficiently test the Revel Ridge Main Zone northwest of the 830 Portal. Drilling will additionally test the Zinc Creek Showing. Continue reading

Cabral Gold Finds New Area of Mineralisation

Cabral Gold  (TSX.V: CBR)
Provided assay results from eleven new trenches excavated along strike and immediately west of the previously drilled Machichie Main zone within the Cuiú Cuiú gold district.
Highlight was trench CT0049, which  returned 96.5m @ 0.6 g/t gold.

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Maple Gold 6,000m Joutel Drill Program

Maple Gold Mines (TSX.V: MGM)

Reported the mobilization of a second drill rig, while the first drill rig continues Phase II drilling at the 100%-controlled Eagle Project, to commence a 6,000 m deep drilling program at the Joutel Project in Quebec, Canada.

Joutel is held by a 50/50 joint venture between the Company and Agnico Eagle Mines. Continue reading

Diggers & Dealers First Day Lost to Weather

Diggers and Dealers, Kalgoorlie

The annual Diggers and Dealers Mining Conference that takes place in Kalgoorlie, Western Australia, lost the first day of the event to extreme weather, forcing the organisers to request everyone leave the arena at 10.00 am for safety reasons.  […]  Continue reading

UEC Submits Offer to the US Government

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Calidus Reports Compelling Gold Anomolies

Calidus Resources Ltd. (ASX:CAI)

Announced the results of a soil sampling program conducted in June and July 2022, which resulted in some compelling gold anomalies.

A total of 1,115 samples were collected over three areas on E46/1026: a main zone on a 200 x 40 m grid and two smaller areas on 100 x 50 m grids. Continue reading

City Investors Circle Market Review July 2022

City Investors Circle July Market Review 

Has been published, with comments on the fierce debate going on in the USA regarding the definition of a recession as the White House seeks to deny the country has already entered one.

Companies featired incude Neometals, Karora Resources, and Gold Road Resources, plus comments on others making the news during the month. Continue reading