Cyprium Metals (ASX: CYM)
Has continued to progress the refurbishment of the project whilst the Company is conducting a finance process for the restart the operation.
The company has now decided to make surplus employees redundant until the financing is completed. Continue reading
Calidus Resources Limited (ASX: CAI)
Announced a maiden Reserve for Blue Spec that allows the Company to advance the Sulphide Plant Project towards a Final Investment Decision in mid-2023.
The results of the FS supports the Blue Spec and Copenhagen Reserves, shows that the integration of these high-grade satellite deposits into the operating Warrawoona gold project will generate a significant increase in production and operational cashflow for modest additional capex. Continue reading
Silver Tiger Metals (TSX.V: SLVR)
Has intersected 1,203.8 g/t silver equivalent over 0.7 meters in the Seitz Kelly Vein in Drill Hole ET-308 from 142.7 meters to 143.4 meters.
Silver Tiger has contracted Cominvi, a Mexican underground contract mining and development company to rehabilitate the Historic El Tigre Mine, Sonora, Mexico. Continue reading
Rokmaster Resources (TSX.V: RKR)
Announced the successful extension of the Revel Ridge Main Zone a further 925 m to the southeast and 290 m to the northwest, in addition to initial assay results of the ongoing summer 2022 diamond drill program at the Revel Ridge Project. Continue reading
The British Pound Falls Strongly
After what most market commentators perceive as an awful week for the UK economy, the Pound Sterling crashed around 10% overnight, before climbing back to around 5% down versus the US dollar.
The cause of this mayhem was the Bank of England raised interest rates by half a percentage point, seen as too little too late, and the UK government cutting taxes in an inflationary environment! Continue reading
Mining Review Sunday Update 25th Sep.
Interest rates soared this week, the US dollar reached a 22 year high, and gold tanked as a result, losing 1.79% over the week.
Mining stocks tumbled once again, there were some extreme falls, one example being Colonial Coal, which fell 15.3% on Friday in a single day! Continue reading
Fosterville South (TSX.V: FSX)
Reported that new diamond and reverse circulation drilling at the Golden Mountain prospect within the Tallangallook Gold Project in Victoria, Australia has returned strong gold grades over considerable downhole lengths. Continue reading
Gold Road Resource (ASX: GOR)
The company have released a new udated corprorate presentation in advance of investor meetings to be held in the near future.
The presentation incorporates the recent DGO acquisition. Continue reading
Radisson Mining (TSX.V: RDS)
Announce significant high-grade gold intercepts from the 127,600 m exploration drill program completed this summer at its 100% owned O’Brien gold project located along the Larder-Lake-Cadillac Break. Continue reading
Lefroy Exploration (ASX: LEX)
Announced progress on the diamond drill program currently underway at the Burns Au-Cu intrusion-related mineral system, located in the Company’s wholly owned Eastern Lefroy Gold Project, 70km SE of Kalgoorlie.
Diamond hole LEFD008, recently drilled at the Lovejoy prospect, 1.5km north of the Burns gold-copper discovery, has intersected significant copper mineralisation. Continue reading
Pacgold Limited (ASX: PGO)
Provided an update of drilling assay results from the Company’s Alice River Gold Project. The highlight was 1.9m @ 87.0g/t Au (ARDH051).
To date, 26 drill holes have been completed on the Central Target in the current programme, with assay results pending for 13 drill holes targeting the F1a zone. Continue reading
Uranium Energy Corp (NYSE: UEC)
Announced that it has filed a Technical Report Summary on EDGAR disclosing updated mineral resources for the Company’s Wyoming ISR Hub and Spoke Project. Continue reading
Mining Review 18th September 2022
The story of the week is the price of gold being beaten down by 2.45% to $1,674, due to an anticipated one percentage point rate hike in the USA in September.
Companies making news this week were American Creek Resources, Karora Resources, Neometals, and Silver Tiger Metals. Continue reading
Westhaven Gold Corp. (TSX.V: WHN)
Announced that it has entered into a financing arrangement with Franco-Nevada Corporation (TSX, NYSE: FNV), the leading gold-focused royalty and streaming company.
Westhaven has agreed to sell a 2% net smelter return royalty to Franco-Nevada for US$6,000,000. The NSR applies to all of Westhaven’s claims across the Spences Bridge Gold Belt, in B.C., Canada. Continue reading
American Creek Resources (TSX.V: AMK)
Presented the sixth set of drill results for the 2022 exploration program from operator Tudor Gold at their flagship property, the Treaty Creek JV, located in the heart of the Golden Triangle of Northwestern British Columbia.
The highlight was a 350m step-out hole, with 59.53 g/t Au Eq. Continue reading
Karora Resources Inc. (TSX: KRR)
Announced a new nickel discovery and positive results from its ongoing nickel drill program.
In the Hunt Block above Western Flanks, infill drilling of the existing gold Mineral Resource intersected high grade nickel mineralization in two holes above the gold Mineral Resource. Continue reading
Silver Tiger Metals (TSX.V: SLVR)
Has intersected 2,271.8 g/t silver equivalent over 1.6 meters in the El Tigre Vein in Drill Hole ET-21-395 from 382.3 meters to 383.9 m.
As previously announced Silver Tiger has contracted Cominvi, a Mexican underground contract mining and development company to rehabilitate the Historic El Tigre Mine. Continue reading
Neometals Ltd (ASX: NMT)
Announced that Primobius GmbH the 50:50 JV owned by Neometals and SMS group GmbH has finalised its internal Engineering Cost Study (+30%,-10% accuracy) for a first-stage shredding Spoke of a potential greenfield lithium-ion battery recycling operation in an existing industrial park in Germany. Continue reading
Wesdome Gold Mines (TSX: WDO)
Announced surface exploration drilling results from the Presqu’île Zone at the Company’s 100% owned Kiena Mine Complex in Val d’Or, Quebec.
Since the completion of the PFS for the Kiena Mine in 2021, both surface and underground drilling has been more focused on exploration targets proximal to the Kiena Mine. Continue reading
Mining Review 11th Sep. 2022
The world mourned the loss of Queen Elizabeth 2, due to her sad death after 70 years of loyal service to the UK and Commonwealth of nations.
This was the week that the market finally accepted the September rate hike will be hawkish, took it in its stride, and gold, metals, bonds, crypto, and equities rode up whilst the dollar fell slightly.