Karora Resources (TSX: KRR)
Announced further significant results from gold exploration and infill drilling at the Beta Hunt and Spargos Mines.
Infill and extensional drilling targeting the Mason Zone delivered strong results extending the mineralized strike by 100 m to 800 m, providing confidence for a potential new deposit for future mining. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Announced an update from the 2023 exploration drilling program on its Rowan Property, located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.
Hole RLG-23-163B intersected 70.80 grams per tonne gold over 8.3 metres, including 1,120.19 g/t Au over 0.5 m. Continue reading
Mining Review 17th September 2023
We initiated coverage of West Red Lake Gold Mines, new owners of the Madsen Mine, formerly owned by Pure Gold Mining, which went into administration, and subsequently delisted from the TSX.V and AIM markets.
Ascot Recources, i-80 Gold, and Karora Resources all reported good drill results in a busy reporting week. Continue reading
West Red Lake Gold Mines (WRLG.V)
WRLG purchased the Madson Mine, located in Ontario, from the administrators of LSE listed Pure Gold Mining last year, and are starting to put together their plan to correct the mistakes made by the previous owners.
i-80 GOLD CORP. (TSX: IAU)
Reported positive results from exploration drilling at the Company’s 100%-owned Ruby Hill Property located in Eureka County, Nevada.
The 2023 program continues to expand high-grade gold and polymetallic mineralization in multiple zones, the highlight being 15.6 % Zn, 8.7 % Pb, 420.4 g/t Ag, and 0.6 g/t Au over 40.4 m. Continue reading
Ascot Resources (TSX: AOT)
Announced the first 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.
These results are from surface drilling for in-fill and exploration purposes at the Prew Zone in the Premier deposit, southeast of the Premier mill. Continue reading
Karora Resources (TSX: KRR)
Announced the second set of results from the nine-hole drill program aimed to test and infill the southern extension of the Fletcher Shear Zone over 500 m of strike north of the Alpha Island Fault.
Assays from the final five holes of the program were received, highlighted by broad, high grade intersections. Continue reading
Calidus Resources (ASX:CAI)
Has received all the Environmental Permits needed for it to start mining the high-grade Blue Spec Gold Project in WA’s Pilbara.
Blue Spec is a high-grade underground project located within trucking distance of the
Warrawoona Gold Project. Continue reading
Orla Mining (TSX: OLA)
Announced that the Company has amended its existing US$150 million credit facility with its existing syndicate of lenders comprised of The Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce. Continue reading
Mining Review 10th September 2023
Auteco closed the Green Bay Mine acquisition from the former AIM listed Rambler, and immediately spelt out their different approach, with a plan to double resources before recommencing mining.
Eloro and Skeena Resources both brought out new MRE’s in an otherwise quiet week. Continue reading
Cyprium Metals (ASX: CYM)
Advised that it has received confirmation from its shareholders at the SGM that its securities will be reinstated to quotation following the voluntary suspension of its securities on 23 February 2023. Continue reading
Skeena Resources (TSX: SKE)
Announced an updated Mineral Resource Estimate for the 100% owned Snip Gold Project located in the Golden Triangle of British Columbia.
THe updated MRE consists of 823,000 ounces grading 9.35 g/t Au in the Indicated category and 114,000 ounces grading 7.10 g/t Au in the Inferred category. Continue reading
Eloro Resources (TSX: ELO)
Announced the inaugural mineral resource estimatefor the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia.
Total in situ metal estimated to be 298 million ounces Ag, 4.09 million tonnes Zn, 1.74 million tonnes Pb and 130,000 tonnes Sn totalling 1.15 billion ounces silver equivalent. Continue reading
Auteco (ASX: AUT)
Has struck a A$65-million deal to acquire the Green Bay copper and gold mine, previously operated by the former AIM listed Rambler Metals, in Newfoundland, Canada.
This looks to be a shrewd purchase of a producing mine that could increase tonnage significantly. Continue reading
Marathon Gold (TSX: MOZ)
Has received confirmation from the Impact Assessment Agency of Canada that changes to the Valentine Gold Project to accommodate an open pit and associated infrastructure at the Berry Deposit do not constitute a new Designated Project, and as such do not require a new impact assessment under the Impact Assessment Act. Continue reading
Westhaven Gold (TSX-V: WHN)
Announced that the Company has filed an independent Technical Report prepared in accordance with National Instrument 43-101supporting the Preliminary Economic Assessment (PEA) at its 17,623-hectare Shovelnose Gold Property, lcated in BC, Canada. Continue reading
Mining Review 3rd September 2023
Gold rallied strongly during the week, after disappointing US economic data suggested the FED may have to call a halt to further interest rate rises sooner than expected, bring recession fears to the fore and interest rate cuts sooner than expected, all positive for gold.
Eloro and O3 Mining both reported good drill results during the week, and Gold Road Resources reported record profits for H1 2023. Continue reading
Gold Road Resources (ASX: GOR)
Reported that it has broken several financial records for Gold Road, with the strong result reflecting the consistent performance of the processing plant, a supportive Australian dollar gold price and Gold Road’s production being fully unhedged. Continue reading
Minera Alamos (TSX.V: MAI)
Provided an operations update and select financial highlights from the second quarter of 2023 as well as some guidance regarding improved operations activity so far during Q3.
Since June mining and stacking operations have been increasing steadily. Continue reading
Market Review August 2023
The August 2023 Market Review has been published. It features comments on Karora Resources, Neometals, and Orla Mining, plus news snippets from other companies.
The review also provides market data for commodity prices. Continue reading
