CIC Market Review October 2022
The October 2022 City Investors Circle Market Review has just been published.
It features i-80 Gold, Karora Resources, Calidus Resources, Nouveau Monde Graphite, Pure Gold Mining, and Gold Road Resources. Continue reading
Mining Review 23rd October 2023
US rate hike anticipation suppresses gold, and Chinese covid lockdowns subdue base metal prices.
Comments on Cabral Gold, Cartier Resources, Cyprium Metals, i-80 Gold, Neometals, and Silver Tiger Metals. Continue reading
i-80 GOLD CORP. (TSX: IAU)
Announced results from the final six holes drilled in the successful 2022 surface drill program targeting the high-grade South Pacific Zone at the Company’s Granite Creek Property located in Humboldt County, Nevada.
The South Pacific Zone is host to high-grade gold mineralization located immediately north of the underground mine workings at Granite Creek. Continue reading
Cartier Resources (TSX.V: ECR)
Announced that it has completed a non-brokered private placement of aggregate gross proceeds of C$2,700,159 million.
Under the Private Placement, the Company issued 22,501,333 flow through common shares at a price of C$0.12 per FT Share. Continue reading
Cyprium Metals (ASX: CYM)
Reported assay results from the April / May 2022 reverse circulation drilling campaign which was completed at the Nanadie Well Project.
RC drilling at the Nanadie Well Project has identified broad anomalous zones copper–nickel-PGE mineralisation 1.6 kilometres north of the Nanadie Well resource. Continue reading
Silver Tiger Metals (TSX.V: SLVR)
Has intersected 2,341.9 g/t total silver equivalent over 2.1 meters in the El Tigre Vein in Drill Hole ET-431 from 413.5 meters to 415.6 meters, consisting of 1,536.1 g/t silver, 0.19 g/t gold, 1.62% copper, 7.71% lead and 13.66% zinc. Continue reading
Neometals Ltd (ASX: NMT)
Announced that The Regional State Administrative Agency for Southern Finland has granted an environmental permit for operation of a vanadium recovery plant and associated infrastructure (“Vanadium Recovery Project” or “VRP1”). Continue reading
Cabral Gold (TSX.V: CBR)
Announced that it has filed a National Instrument 43-101 technical report of the Mineral Resource Update at the Cuiú Cuiú Project in the Pará State, North-Central Brazil.
The results of the Mineral Resource Update were originally presented in a news release dated September 30, 2022. Continue reading
Mining Review 23rd October 2022
A better week for gold and silver, and their associated ETFs, but industrial metals were mostly static. Lithium reached a new all time high in China.
Ascot Resources, Cyprium Metals, Eloro Resources, Nouveau Monde, Radisson Mining and Wesdome all reported news this week. Continue reading
Radisson Mining (TSX.V: RDS)
Announced 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 (see location map 1 and location map 2), halfway between Rouyn-Noranda and Val-d’Or in Quebec, Canada. Continue reading
Nouveau Monde Graphite (TSX.V: NOU)
Nouveau Monde, Mitsui & Co., and Panasonic Energy Co., Ltd. have entered into a Framework Agreement establishing the terms of the commercial relationship between the parties to enable the next development steps of NMG’s ore-to-battery-market integrated graphite project in Québec, Canada. Continue reading
Cyprium Metals Limited (ASX: CYM)
Provided an update on the status of the refurbishment of the Nifty Copper Project whilst the Company is progressing the finance process for the restart of the operation. Continue reading
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.
The intersection in hole DSB-36, drilled 400m southeast of the Santa Barbara adit, includes higher-grade portions of: 180.29 g Ag eq/t (24.27 g Ag/t, 2.49% Zn and 0.73% Pb) over 24.13m, and 197.54 g Ag eq/t (17.04 g Ag/t, 2.96% Zn and 0.58% Pb) over 11.82m.
I-80 Gold Corp. (TSX: IAU)
We are initiating coverage of I-80 gold, on the second tier of our watchlist, exploration and development projects.
IAU have all the attributes we look for, tier 1 jurisdiction (Nevada), strong and experienced management team, well financed, exploration upside, and a clear path to production. Continue reading
Ascot Resources (TSX: AOT)
Announced initial positive grade reconciliation between muck samples and the block model grade from underground development at the Company’s Premier Gold Project, located in the prolific Golden Triangle of northwestern British Columbia. Continue reading
Wesdome Gold Mines (TSX: WDO)
Announced disappointing third quarter (“Q3”) 2022 production results.
The market reacted badly, despite the company having already issuing revised guidance warnings a couple of times earlier, with the share price falling over 8.9% on the day. Continue reading
Mining Review 16th October 2022
An horrific week for precious metals with gold down 3.2%, silver a whopping 9.49%, and palladium 8.51%.
Karora Resources recorded record production, whereas Calidus Resources and Wesdome Gold disappointed the market and their share prices responded accordingly. Continue reading
Uranium Energy Corp. (NYSE: UEC)
Is to acquire Roughrider from Rio Tinto for Total Consideration of $150 million comprised of $80 million in Cash and $70 million in UEC Stock.
Cash Portion of the Consideration is Fully Funded with UEC’s $173 million of Cash and Liquid Assets on the Balance Sheet. Continue reading
Newcore Gold (TSX.V: NCAU)
Announced positive results from three additional column tests completed as part of the ongoing metallurgical program at the Company’s 100%-owned Enchi Gold Project in Ghana.
An average gold recovery of 92.4% was achieved from column testwork completed on two composite samples from the Sewum Gold Deposit and one composite sample from the Boin Gold Deposit. Continue reading
Karora Resources (TSX: KRR)
Announced record consolidated gold production of 38,437 ounces for the third quarter of 2022 from its Beta Hunt and Higginsville mines in Western Australia.
Gold sales for the quarter were 35,513 ounces. Karora’s consolidated unaudited cash balance was $56 million as of September 30, 2022. Continue reading