Calidus Resources (ASX:CAI)
Announced the Company has received firm commitments to raise $20 million (before costs) via a share placement to professional and sophisticated investors through the issue of 29,850,747 shares at a price of $0.67 per share. Continue reading
Cornish Metals Inc. (TSX.V / AIM: CUSN)
Reported the remaining assay results from the Phase 1 drill programme at United Downs, in Cornwall, SW England.
This release includes results from the Mount Wellington and United Mines Targets within the United Downs project, located eight kilometres east of South Crofty. Continue reading
Three large and significant soil geochemistry anomalies for a range of battery metals and precious metals have been identified at Impact’s 100% owned Beau Project, part of the greater Arkun–Beau–Jumbo project area in the emerging mineral province of southwest Western Australia.
Continue reading
City Investors Circle Mining Review
FED Chairman Jerome Powell delivered a hawkish speech at Jackson Hole, favouring containing inflation over the state of the economy and markets.
This drove the Dow down 1,000 points and caused gold to slump, taking down miners and indices. Continue reading
Minera Alamos (TSX.V: MAI)
Provided an update on the continuing progress at the Company’s Santana gold mine as well as a financial update for the Quarter ending June 30th, 2022.
In addition, the company confirmed that July gold recovery was approximately 2,275 oz, almost twice that of any previous month this year. Continue reading
Karora Resources (TSX: KRR)
Announced continued exploration drilling success in targeting new gold mineralized shear zones in support of its growth plan strategy to deliver increased gold production by 2024.
Parallel shear zones to the Larkin Zone Mineral Resource, referred to as Mason and Cowcill, returned significant gold assays in the first two drill holes of a twenty-four-hole program, the highlight was 6.0 g/t Au over 13 m. Continue reading
Ascot Resources (TSX: AOT)
Announced the second batch of assay results from the 2022 exploration drill program at the Company’s Premier Gold Project located in the prolific Golden Triangle of northwestern British Columbia.
These results are from surface exploration drilling at the emerging Sebakwe Zone, approximately 600 metres east of the past-producing Premier mill. Continue reading
Cabral Gold (TSX.V: CBR)
Provided assay results from twenty-one RC holes drilled in the recently identified gold-in-oxide blanket of the PDM target within the Cuiú Cuiú Gold District, northern Brazil.
Highlights included 11m @ 3.1 gpt gold, including 3m @ 10.5 gpt Au. Continue reading
Mining Review Sunday Update 21st August 2022
Another poor week for gold as the US dollar (DXY) climbed higher, reaching 108.
Companies making news this week included American Creek, Cartier Resources, Karora Resources, Maple Gold, Rokmaster, and Uranium Energy Corp.
Karora Resources (TSX: KRR)
Announced a new high-grade coarse gold discovery at its Beta Hunt Mine.
The new discovery was made on the 16 level of the A Zone, almost directly below the well-known “Fathers Day Vein” discovery originally announced in September 2018 that yielded approximately 30,000 ounces of gold. Continue reading
Cartier Resources (TSX.V: ECR)
Announces the launch of the fourth phase of drilling at the Chimo gold mine project, located 45 km east of Val-d’Or.
This program, planned with 2 drills over a period of 13 months, consists of 25,000 m of controlled directional drilling. Continue reading
Maple Gold Mines (TSX.V: MGM)
Reported initial assay results from the first drill hole of the Company’s Phase II drill program at its 100%-controlled Eagle Mine Property in Québec.
Drill hole EM-22-009 intersected 11.4 grams per tonne gold over 3 m, including 24.4 g/t Au over 1 m. Continue reading
Uranium Energy Corp. (NYSE: American)
And UEX Corporation (TSX:UEX), announced that they have entered into a further amending agreement to the previously announced arrangement agreements dated June 13, 2022, as amended June 23, 2022 and August 5, 2022, pursuant to which UEC will acquire all of the issued and outstanding common shares of UEX. Continue reading
American Creek (TSX.V: AMK)
Presented the fourth set of drill results from operator Tudor Gold for Phase l of the 2022 exploration program at their flagship project, the Treaty Creek JV, located in the heart of the Golden Triangle of Northwestern British Columbia, Canada. […] Continue reading
Rokmaster Resources (TSX.V: RKR)
Announced a non-brokered private placement financing for a total of up to $1,250,000 involving the sale of flow-through units and non-flow-through units.
Mining Review 14th August 2022
A busy week for news in the mining space, and gold pushed back to finish the week at US$1805 Oz.
Wiluna Mining made the headlines for the wrong reasons, whereas Calidus Resources, Impact Minerals, Orla Mining, and UEC made news for diverse positive reasons. Continue reading
Orla Mining Ltd. (TSX: OLA)
And Gold Standard Ventures Corp. (TSX: GSV announced Orla has completed the previously announced acquisition of Gold Standard by way of court-approved plan of arrangement. Continue reading
Ascot Resources (TSX: AOT)
Announced the Company’s unaudited financial results for the three months ended June 30, 2022, as well as a summary of recent development highlights at the Company’s Premier Gold Project, located in the prolific Golden Triangle of northwestern British Columbia. Continue reading
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
