Maple Gold Mines (TSX.V: MGM)
Announced that a third drill rig has been secured to commence a 5,000 metre Phase III drill program at its 100%-controlled Eagle Mine Property.
The third rig is expected to arrive at site by mid-October, keeping the Company on track to complete approximately 30,000 m across its district-scale property in Québec by year-end. Continue reading
Calidus Resources (ASX: CAI)
Reported on the significant progress that has been made at the Warrawoona Gold Project during the September quarter.
The ramp-up towards steady state production at WGP continued during the period, with the 2.4M tpa processing plant achieving nameplate capacity and the LNG power station commissioned and fully integrated into operations. Continue reading
Gold Road Resources (ASX: GOR)
Presented a preliminary production and financial update for the September 2022 quarter.
The Gruyere Gold Mine had another strong quarter, producing 83,635 ounces of gold (100% basis), in line with expectations. Ore tonnes processed totalled 2.2 Mt at a head grade of 1.26 g/t Au and a gold recovery of 92.3% for the quarter. This is the highest average quarterly head grade achieved at Gruyere to date. Continue reading
Mining Review 9th October 2022
A better week for gold despite US bond yields still going up, and the yield curve remains inverted, although it slimmed down a tad.
Argosy Minerals, Cabral Gold, Lefroy Exploration, and Minera Alamos all made positive news releases this week. Continue reading
Canuc Resources (TSX.V: CDA)
Announced the signing of agreements to acquire three additional claims at the San Javier Silver-Gold Project in Sonora State, Mexico.
The newly acquired claims are contiguous with the Company’s existing claims and cover a combined 104.5 hectares of prospective ground, close to projects owned by Osisko Development and Barksdale. Continue reading
Pacgold Limited (ASX: PGO)
Provided an update of step-out drilling assay results from the Company’s Alice River Gold Project.
To date, 30 diamond and Reverse circulation 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
O3 Mining Inc. (TSX.V: OIII)
Announced that the TSX Venture Exchange has accepted the Corporation’s notice to implement a normal course issuer bid to purchase, for cancellation, up to 4,921,389 of its common shares representing approximately 10% of the Corporation’s public float. Continue reading
Argosy Minerals (ASX: AGY)
Advised of further progress at the Rincon Lithium Project, located in Salta Province, Argentina, with 97% of the total works now completed for the development of the 2,000tpa lithium carbonate production operation.
The Company is on track to achieve first battery quality lithium carbonate product, with current commissioning works successfully producing primary lithium product. Continue reading
Lefroy Exploration (ASX: LEX)
Announced the first assay results from a four-hole diamond drill program completed at the Burns Au-Cu intrusion-related mineral system, located in the Company’s wholly owned Eastern Lefroy Gold Project, 70km southeast of Kalgoorlie. Continue reading
Minera Alamos (TSX.V: MAI)
Announced the positive results of an independent Preliminary Economic Assessment for its Cerro de Oro Project in Zacatecas, Mexico.
Production highlights include an average annual gold production approaching 60,000 oz to 70,000 oz in Years 1 through 4, a low strip ratio, and capex of only $28 million. Continue reading
Cabral Gold Inc. (TSX.V: CBR)
Announced an updated Mineral Resource Estimate for the Cuiú Cuiú project, Para State, Brazil..
Total Indicated Resources are 21.6 M tonnes grading 0.87 g/t gold (604.0 K ounces), while total Inferred Resources are 19.8 M tonnes grading 0.84 g/t gold (534.5 K ounces). Continue reading
Mining Review Sunday Update 22nd Oct.
Another roller coaster week on the markets ends with a little boost for the price of gold and some mining stocks rising a little at the end of the week. Is this a dead cat bounce? We shall soon find out.
Cyprium Metals published a disappointing news update, but positive announcements were made by Calidus Resources, Rokmaster Resources, and Silver Tiger Metals. Continue reading
City Investors Circle
Have published the Market Review for September 2022.
Companies mentioned include Argosy Minerals, Calidus Resources, Karora Resources, Neometals, Pacgold, and Westhaven Gold. Continue reading
