Cyprium Metals Nifty Financing Cancelled

Cyprium Metals (ASX: CYM)

Provided the following update on the financing of the Nifty Copper Project Restart.

The terms proposed for the USD denominated senior secured bond were revised and deemed not commercially satisfactory to the Company. The shares are suspended at the request of the company. Continue reading

i-80 Gold Announces Ruby Hill Technical Teach-In

i-80 GOLD (TSX: IAU)

Announced that it will be hosting a Ruby Hill technical teach-in on Thursday, February 23, 2023 at 5 pm UK time, to provide a detailed summary of geophysical survey completed at the Company’s 100%-owned Ruby Hill Property and the exploration plans for the property in 2023 located in Eureka County, Nevada.  Continue reading

Calidus Drilling Shows growth opportunities at Blue Spec East

Calidus Resources (ASX:CAI)

Announced further drilling results which support its strategy to grow the inventory, production and mine life at its Warrawoona Gold Project.

The growth strategy involves the definition and development of gold deposits within trucking distance of Warrawoona. Continue reading

Mining Conference “Greed Creep”

 “Greed creep” in mining conferences.

Mining conferences are funded by the presenting companies paying a fee to present, with probably the cheapest being PDAC at around C$2,600 per booth, to Swiss and London conferences at around £12,000 per company.

Sadly greed is now creeping in, as conferences have seen the opportunity to make more money by charging investors to attend to meet the companies that paid to participate to meet investors!  Continue reading

Mining Review 19th February 2023

Mining Review 19th February 2023

The early euphoria of the first trading days of 2023 has clearly subsided now, as has the gold price, and share prices of mining companies are sliding .

Calidus Resources, Eloro Resources, Japan Gold, Karora Resources, and Orla Mining made news this week.

I reference “greed creep” in mining conferences. Continue reading

Japan Gold Announces 2023 Exploration Plan

Japan Gold (TSX.V: JG)

Announced the 2023 exploration program over its 2,920 sq km Japanese portfolio of mineral rights.

Highlights include Barrick selected six projects for further advancement with drilling planned to commence in Kyushu in Q1 2023, and also selected 1 new project and 3 project areas for further evaluation during 2023. Continue reading

Calidus Delivers Strong Production in January

Calidus Resources (ASX:CAI) is pleased to provide an update of the performance of the Warrawoona Gold Project (WGP) for the month of January 2023.

A total of 195 kt of ore at a grade of 0.88g/t was processed with 5,210 ozs of gold
recovered. Monthly gold production has been steadily increasing over the last four months.  Continue reading

I-80 Gold Intersects 12.3 G/T AU Over 10.7 m


Announced that drilling has identified new zone of high-grade gold mineralization in its first hole drilled to test a new target area at the Company’s 100%-owned Ruby Hill Property located in Eureka County, Nevada.

The glory hole was an intercept of 12.3 g/t over 10.7 m. Continue reading