Colonial Coal (TSX.V: CAD)
Colonial Coal rose 27% last week, with strong volume, after a research report by US media group Epstein published an upbeat report on Colonial and the prospectes for coking coal moving forward.
Colonial was looking a bit unloved until the report was released, and it’s a thorough job, with update market data and projections,which clearly caught investors attention. Continue reading
O3 Mining Inc. (TSX.V: OIII)
Announced that it has received the results of the two inaugural drill holes completed over the prospective Volcanogenic Massive Sulphide belt within the Horizon Project, in Val-d’Or, Québec, Canada. Continue reading
Marathon Gold (TSX: MOZ)
Calibre Mining Corp. (TSX: CXB) and Marathon Gold Corp. announced that the Parties have entered into a definitive arrangement agreement whereby Calibre will acquire all of the issued and outstanding common shares of Marathon pursuant to a court-approved plan of arrangement. Continue reading
Marathon Gold (TSX: MOZ)
Calibre Mining Corp. (TSX: CXB) and Marathon announced the closing of the previously announced C$40 million financing of Marathon
Pursuant to the Private Placement, Calibre acquired 66,666,667 common shares of Marathon at a price of C$0.60 per share for aggregate gross proceeds to Marathon of C$40 million. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Reported additional drill results from its 100% owned Rowan Property located in the prolific Red Lake Gold District of North western Ontario, Canada.
This included Intersects of 10.92 g/t Au over 2.4m, 11.07 g/t Au over 2.15m and 38.15 g/t Au over 0.5m at the Rowan Mine.
Global Mining Finance Conference
The final program has now been confirmed for this Thursday’s conference in the City of London Financial District. Continue reading
Mining Review 12th November 2023
The discovery of the week was the American Creek JV which reported finding a new gold system at Treaty Creek, British Columbia.
Karora Resources reported strong Q3 financial results, and i-80 Gold signed a term sheet for the JV of Ruby Hill. Continue reading
Karora Resources (TSX: KRR)
Announced financial and operating results for Q3 2023 and YTD 2023.
YTD 2023 production of 120,197 ounces increased 24% from 96,578 ounces for the same period in 2022, with the Company ending Q3 well positioned to achieve full-year 2023 production guidance of 145,000 – 160,000 ounces.
West Red Lake Gold Mines (TSX.V: WRLG)
Announced that as a result of strong investor demand, the Company has amended its agreement with Canaccord Genuity Corp. and Eight Capital, to increase the size of the previously announced “best efforts” private placement of units to raise gross proceeds of up to C$13,000,000, consisting of up to 25,000,000 units of the Company at a price of C$0.52 per Unit. Continue reading
Skeena Resources (TSX / NYSE: SKE)
Will release the key results of a Definitive Feasibility Study (“DFS”) for its 100% owned Eskay Creek Gold-Silver Project after the North American markets close on November 14, 2023.
The Company will host a conference call to present the results of the DFS on November 15, 2023 at 16:00 PM GMT. Continue reading
i-80 GOLD CORP. (TSX: IAU)
Announced that it has entered into a non-binding term sheet in connection with a potential joint venture with an arm’s length third party pursuant to which such potential partner will acquire a minority interest in the Company’s Ruby Hill Property located in Eureka County, Nevada. Continue reading
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American Creek Res. (TSX.V: AMK)
Announce that project operator and JV partner Tudor Gold has produced the fourth set of drill results for the 2023 exploration program at the flagship property, Treaty Creek, located in the heart of the Golden Triangle, B.C.
Tudor reported highlights of 102.15 m of 1.28 gpt Au Eq including 42.5 m of 1.87 got Au Eq. Continue reading
Mining Review 5th November 2023
Gold popped back up close to the US$2,000 level, on fear of a rout in bonds.
Ascot Resources reported a high grade gold intercept, the best for 8 years near their Premier Mine, i-80 Gold reported operating results, Eloro completed some metallurgical testing, and Calidus and SQM started exploring for lithium at Tabba Tabba. Continue reading
Ascot Resources (TSX: AOT)
Announced the third batch of assay results from the 2023 exploration drill program at the Company’s Premier Gold Project in the prolific Golden Triangle of northwestern British Columbia.
This release summarizes the initial batch of assay results from this season’s surface drilling program for in-fill and exploration purposes at the Big Missouri deposit, approximately six kilometres north of the Premier mill. Continue reading
i-80 GOLD CORP. (TSX: IAU)
Reported its operating and financial results for the three and nine months ended September 30, 2023.
i-80’s Consolidated Interim Financial Statements as well as i-80’s MD&A for the three and nine months ended September 30, 2023, are available on the Company’s website at www.i80gold.com.
Calidus Resources (ASX:CAI)
Announced completion of the first soil sampling program for lithium on E45/2983, part of the Tabba Tabba South Project of Pirra Lithium.
On completion of the recently announced transaction, Pirra will be owned 40% by Calidus, 40% by SQM Australia Pty Ltd , and 20% by Haoma Mining NL. Continue reading
Eloro Resources (TSX: ELO)
Announced that it has completed a metallurgical drill program and commenced a definition drill program on the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia. Continue reading
Market Review October 2023
The City Investors Circle Market review is out, and features comments on the price of gold, and why it’s not lifting the share price of mining companies.
The review features Nevada King Gold, Calidus Resources, Lithium Power Intl., and has a feature on stock promotion and recent examples. Continue reading
Minera Alamos (TSX.V: MAI)
Announced that it has executed the definitive documentation for the previously announced Cerro de Oro funding package associated with the planned construction of the Cerro de Oro gold mine that is currently anticipated to begin next year. Continue reading
