City Investors Circle Market Review – February 2023.
Features the new hot metal so far in 2023, up over 100% in two months, plus comments on Cyprium Metals, i-80 Gold, Japan Gold, Karora Resources, and Orla Mining.. Continue reading
Monthly Archives: February 2023
i-80 Gold Acquires Paycore Minerals
i-80 GOLD CORP. (TSX:IAU)
Announced that they have entered into a definitive arrangement agreement with Paycore Minerals Inc. (TSX.V: CORE) whereby i-80 will acquire all of the outstanding common shares of Paycore pursuant to a statutory plan of arrangement. Continue reading
Mining Review 26th February 2023
Mining Review 26th February 2023
Stronger than expected US economic numbers pushed the price of gold down further this week.
Calidus Resources, Cyprium Metals, i-80 Gold, Silver Tiger Metals, and Skeena made news this week. Continue reading
Silver Tiger Announces $18 M Bought Deal Closing
Silver Tiger Metals (TSX.V: SLVR)
Closed its previously announced bought deal offering of common shares of the company with a syndicate of underwriters.
An aggregate of 58.1 million shares at a price of 31 cents per share for gross proceeds to the company of approximately $18-million were sold. Continue reading
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
Skeena Bolsters 21A West Zone Intersecting 18.18 g/t Au
Skeena Resources (TSX: SKE)
Announced drilling results from the 2022 regional and near mine exploration and delineation campaigns at the Eskay Creek gold-silver Project in the Golden Triangle of British Columbia 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
Cartier Resources East Chimo Drill Results
Cartier Resources Inc. (TSX.V: ECR)
Announced drill results in the East Chimo Mine Sector, located at the midpoint of 450 m between the Chimo Mine and West Nordeau sectors.
The results are located on the Chimo Mine Property, 100% owned by Cartier, which is located 45 km east of the Val-d’Or mining camp. Continue reading
Orla Mining Plans Cerro Quema Exploration
Orla Mining (TSX: OLA)
Provided an update on its 2022 exploration activities on its Cerro Quema Project and an overview of exploration plans for 2023.
The highlight was at the Caballito Deposit, hole CQDH-22-223 gave 0.98% Cu, 0.20 g/t Au over 105.2 m (Sulphide) from 90.4 m. 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
Eloro Outlines an Extensive IP Conductivity Anomaly
Eloro Resources (TSX.V: ELO)
Announced results of additional modeling of ground magnetic data and completion of an initial Induced Polarization/Resistivity survey on the Casiterita property adjoining the Iska Iska Silver-Tin Polymetallic property to the southwest. 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
Karora Significantly Increases Beta Hunt Gold Reserves and Resources
Karora Resources Inc. (TSX: KRR)
Announced Gold Measured and Indicated Mineral Resource, net of depletions, at its flag ship Beta Hunt Mine has increased by 20% and the Inferred Mineral Resources have increased by 34%. Continue reading
Mining Review 12th February
Mining Review 12th February
Gold fell back again for the third week on the trot.
I-80 Gold, Lefroy Exploration, and Orla Mining made positive news this week. Continue reading
Lefroy Exploration Announce New Drill Results
Lefroy Exploration Limited (ASX: LEX)
Reported further assay results from drilling completed at the Burns Copper (Cu)-Gold (Au) Project.
Burns is within the Company’s wholly owned Eastern Lefroy Gold Project located 70km southeast of Kalgoorlie, Western Australia. Continue reading
I-80 Gold Intersects 12.3 G/T AU Over 10.7 m
i-80 GOLD CORP. (TSX: IAU)
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
Cape Town Conferences 2023 – Final Thoughts
Cape Town Conferences 2023
The 121 Mining Forum finished yesterday, and I spent some time at Indaba 2023 today before heading to the airport for a plane home a day earlier than the final day of Indaba for a quieter plane.
Some chance, it’s fully booked and people being bounced off. Continue reading