Pacgold Report Spectacular Visible Gold

Pacgold Limited (ASX: PGO)

Provided an update on the Alice River drilling programme.

A spectacular intersection from the newly drilled ARDH061, with over 200 occurrences of visible gold over a 16.4m wide downhole interval (from 242m), representing the best intersection of visible gold drilled to date at Alice River.  Continue reading

Rokmaster Confirms 96.8% Gold Recovery

Rokmaster Resources (TSX.V: RKR)

Announced the receipt of independent metallurgy reports on the recently completed flowsheet development test program on samples from the Revel Ridge Project.

On average, 98.3 percent of the feed gold was recovered to the bulk rougher concentrate and following regrind and sequential flotation, gold recovery to the lead and zinc concentrates averaged 21.1 and 3.6 percent.  Continue reading

Argosy Minerals Rincon Li2CO3 Update

Argosy Minerals (ASX: AGY)

Advised of progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 95% of the total works now completed for the development of the 2,000tpa lithium carbonate production operation.

The Company remains on budget and is targeting to achieve first battery quality lithium
carbonate product next month.  Continue reading

Mining Review Sunday Update 4th September 2022

Mining Review 4th September 2022

Another poor week for gold and all metals as the US dollar again rises on interest rate hike anticipation. The price of gold in British pounds is up 3% in a month, due to the weakness of the pound. Uranium, up 8% in a week was the sole positive.

Cornish Metals and Kootenay Silver reported good drill results in an otherwise quiet week.  Continue reading

Funds increase their holdings in Orla Mining

Orla Mining (TSX: OLA)

Several investment funds have recently increased their holdings in Orla Mining.

First Eagle Investment Management now owns just under 6 million shares in the company, and the Swiss National Bank and Sprott are amongst other funds that have significantly increased their holdings recently.  Continue reading

Kootenay Silver Drills 574 gpt Silver

Kootenay Silver (TSX.V: KTN)

Announced the newest batch of results from its Phase 4 drilling program at Columba High-Grade Silver Project in Chihuahua State, Mexico.

Drilling is currently paused pending assays. The results successfully extend known mineralization beneath existing drilling at both the D Vein and F Vein targets, additional results are awaited.  Continue reading

Market Review August 2022 Published

Market Review August 2022 Published

The City Investors Circle Market Review for August 2022 has been published, with a focus on the effect of interest rises on a falling junior mining market.

Companies mentioned include Gold Road Resources, Cabral Gold, Uranium Energy Corp., Franco Nevada, and Royal Gold.  To read the Review  Continue reading