Karora Reports 14.7 G/T Gold Over 4 m And 12.2 G/T Over 6 m

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.

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Karora Resources underground mining at Beta Hunt

 

 

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Karora Resources TSX: KRR
Stage Production + Development + Exploration
Metals Gold + Nickel
Market cap C$748 million @ C$4.28
Location Kalgoorlie, Western Australia
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Karora Reports Intersections Of 14.7 G/T Over 4.0 Metres And 12.2 G/T Over 6.0 M At Beta Hunt’s Mason Zone And The 140 Metre Extension Of Gold Mineralization At The Spargos Mine To A Depth Of 580 M

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TORONTO, Sept. 18, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce further significant results from gold exploration and infill drilling at the Beta Hunt Mine and Spargos Mine:

  • Infill and extensional drilling targeting the Mason Zone delivered strong results extending the mineralized strike by 100 metres to 800 metres and providing confidence for a potential new deposit for future mining.
  • Larkin drilling infilled the northern end of the Larkin Mineral Resource. Results give increasing confidence for an upgrade of the current Inferred Mineral Resource to Indicated status.
  • Drilling in the A Zone and Western Flanks deposits focused on upgrading the Mineral Resource with results generally supporting the current interpretation and increasing the confidence of the Inferred portion of the Mineral Resource.
  • Drilling at Spargos was successful in extending high grade mineralization up to 140 metres below current drilling to 580 metres below surface. Mineralization remains open at depth.

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Recent intersection highlights from the ongoing Beta Hunt underground diamond drill program and Spargos drill program are listed below:

Continue Reading

Mason2

  • BM1941SP3-02AE:  12.2 g/t over 6.0 metres
  • BM1941SP3-14AE:  14.7 g/t over 4.0 metres and 8.0 g/t over 7.0 metres
  • BM1941SP3-09AE:  5.9 g/t over 7.8 metres
  • BM1941SP3-08AE:  3.8 g/t over 11.4 metres

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      Spargos1.

      • KXDD003:  12.8 g/t over 2.1 metres and 4.4 g/t over 9.1 metres
      • KXDD004:  6.0 g/t over 5.0 metres and 3.4 g/t over 6.1 metres
      1. Estimated True Widths
      2. Interval lengths are downhole widths. Estimated true widths cannot be determined with available information.

       

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      Paul Andre Huet, Chairman & CEO, commented:

       

      “Today we reported more strong results at our flagship operation as part of the 2023 Beta Hunt drilling program. The theme of discovering new mineralized shear zones via exploration from existing underground development, expanding strike and depth extents of known shears via the drill bit and growing our resource base continues.

       

      “Our latest set of results from the Mason Zone continued to return significant results, including 14.7 g/t over 4.0 metres and 12.2 g/t over 6.0 metres, supporting the potential for our next new Mineral Resource in the Beta Block west and parallel to the existing Mineral Resource at the Larkin zone.

       

      “The results at Mason continue to support the potential we previously identified (see Karora news release dated January 23, 2023) for the continued growth of the zone, which has now increased by another 100 metres to 800 metres of strike length.

       

      “A core focus of our 2023 drilling program is upgrading portions of our large Inferred Mineral Resource base.

       

      “At the Larkin Zone, new infill drill results designed to upgrade and extend the current Mineral Resource returned encouraging values, including intercepts of 4.2 g/t over 9.0 metres and 11.2 g/t over 2.7 metres (hole BL1730-06AE).

       

      “I am also very encouraged by the results we are seeing from our infill drilling at Western Flanks and A Zone. Recent highlights include intervals of 12.0 g/t over 5.1 metres and 2.8 g/t over 19.7 metres in Western Flanks and 17.4 g/t over 2.6 metres at A Zone. At both Western Flanks and A Zone, mineralization remains open at depth.

       

      “These two shear zones have formed the backbone of our mining operation for many years and look poised for continued contributions for years to come.

       

      “The most recent drill results from the Spargos Mine provide further confidence that our ongoing technical work will result in a formal decision to proceed with a development of an underground mining operation.

       

      “Our drilling has extended the known depth of gold mineralization by 140 metres to a depth of 580 metres below the surface, including intercepts of 6.0 g/t over 5.0 metres and 12.8 g/t over 2.1 metres. Important still, the deposit remains open at depth.

       

      “Overall, the results reported today support the potential for further discoveries, new Mineral Resources and ongoing upgrading of Mineral Resource categories and conversion of Mineral Resources to Mineral Reserves.

       

      “We will be providing an updated Mineral Resource and Reserve estimate in the fourth quarter of 2023.”

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      For brevity, this summary has been redacted, to read the full news release, please click HERE

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      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

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      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources.

       

      To read our full terms and conditions, please click HERE



      West Red Lake Gold Drills 70.80 g/t Au over 8.3m

      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.

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      West Red Lake Gold Mines

       

       

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      West Red Lake Gold Mines TSX.V : WRLG
      Stage Exploration / Development
      Metals Gold
      Market cap C$110 m   @ 60 cents
      Location Ontario, Canada

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      West Red Lake Gold Drills 70.80 g/t Au over 8.3 m Including 1,120.19 g/t Au over 0.5 m at Rowan Property

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      West Red Lake Gold Mines Ltd. (TSX.V: WRLG) (“West Red Lake Gold” or “WRLG” or the “Company”)(OTCQB: WRLGF) is pleased to announce the following update from the 2023 exploration drilling program on its 100% owned Rowan Property located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.

      Hole RLG-23-163B intersected 70.80 grams per tonne (“g/t”) gold (“Au”) over 8.3 metres(“m”), including 1,120.19 g/t Au over 0.5 m.

      This hole represents the highest-grade intercept ever drilled across the Rowan Property and is a testament to the continued success our exploration team is achieving with the 2023 drilling campaign.

      The drill program at Rowan has already been expanded from 17,000 m to 25,000 m, and these results only further validate the team’s commitment to the Rowan asset.

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      HIGHLIGHTS:

      • Hole RLG-23-163B Intersected 8.3m @ 70.80 g/t A uin Vein Zone 101 from 387 m to 395.3 m, including 0.5 m @ 13.46 g/t Au from 389 m to 389.5 m, 0.5 m @ 1,120.19 g/t Au from 393.5 m to 394 m and 0.6 m @ 29.64 g/t Au from 394.7 m to 395.3 m.
      • This represents the highest-grade intercept ever drilled across the Rowan Property.
      • The location of the pierce point on Vein 101 represents one of the deeper intercepts drilled within the high-grade East Zone which could be indicating that the vein system is increasing in grade and thickness with depth.
      • The exploration team is immediately following up on this success to further define this extremely high-grade and thick portion of gold mineralization within the already impressive East Zone at Rowan.

      Figure 1. Impressive visible gold showing within intercept grading 1,120.19 g/t Au. Diamond drill core in this photo is NQ diameter (47.6 millimeters).

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      Shane Williams, President & CEO, stated,

       

      “There are very few places in the world where the geologic conditions exist to produce an intercept of this calibre, and the Red Lake district has demonstrated time and again that it is most definitely one of them.

       

      “Our exploration team has already been immensely successful with the drilling program at the Rowan Mine target in 2023, and the spectacular drill results highlighted in this news release only emphasize the upside that still exists at Rowan.

       

      “Our team is confident that we are only just starting to scratch the surface at Rowan with many more exciting discoveries to come.”

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      The high-grade mineralized vein zones encountered at the Rowan Mine target area  continue to exceed expectations, confirm the geologic model, and further improve the existing high-grade (9.2 g/t Au) 827,462 ounce Inferred Mineral Resource at the Rowan Mine.

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      For brevity, this summary has been redacted, to read the full news release, please click HERE

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      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

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      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds no shares in West Red Lake Gold Mines

      .



      Mining Review 17th September 2023

      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. 

       

       

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      West Red Lake Gold Mines

       

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      City Investors Circle Mining Review 17th September 2023

       

      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.

      With a new management team with a record for achievement, and a new plan to exploit the resources and existing mine infrastructure, WRLG looks set to deliver shareholder value, if executed correctly of course.

      To read about WRLG, please click here.

       

      Companies on our watchlist in the news last week

      Ascot Recources, i-80 Gold, and Karora Resources all reported good drill results in a busy reporting week.

      To read about this week’s news in detail, please click the links below,

        Initiating Coverage West Red Lake Gold Mines

        I-80 Gold Announced High-Grade Results From Ruby Hill

        Ascot Resources Intercepted 32.9 g/t Gold Over 4.9m

        Karora Resources Reported Good Drill Results From Fletcher South

        Calidus’ Blue Spec Approval to Boost Output

        Orla Mining Amended Credit Facility

        Mining Review 10th September 2023

       

      Market Data

      Week on week price changes

      (US$ unless stated)

       

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      Metal and ETF Index Prices

      Gold price in UK £ 1555 0.84%
      Gold 1924 -0.83%
      Silver 23.21 -4.23%
      Palladium 1248 2.39%
      Platinum 930 -3.85%
      Rhodium 4100 0.00%
      Copper 3.82 0.79%
      Nickel 9.39 -4.14%
      Zinc 1.16 6.42%
      Tin 11.62 2.56%
      Cobalt 14.85 0.00%
      Manganese 2.74 -1.43%
      Lithium 22888 -15.38%
      Uranium 62.1 6.34%
      Iron Ore 121.3 6.88%
      Coking Coal 313 18.91%
      Thermal coal 165 3.13%
      Magnesium 3505 5.56%
      Lumber 500 -0.60%
      GDX 29.73 2.26%
      GDXJ 35.84 0.82%
      Sil 26.37 1.04%
      SILJ 9.46 0.22%
      GOEX  (PCX) 24.15 -1.03%
      GLD 178.69 -0.80%
      COPX 38.47 0.46%

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      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      To read our full terms and conditions, please click HERE



      Initiating Coverage West Red Lake Gold Mines

      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.

       

       

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      West Red Lake Gold Mines

       

       

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      West Red Lake Gold Mines TSX.V : WRLG
      Stage Exploration / Development
      Metals Gold
      Market cap C$110 m   @ 60 cents
      Location Ontario, Canada

       

       

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      West Red Lake Gold Mines – Initiating Coverage

       

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      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, much to the angst of many UK based shareholders, who saw a staggering loss of capital as the share price slumped from around £1.80 to nothing, in short order.

      WRLG are starting to put together their plan to correct the mistakes made by the previous owners.

      Madsen is located in a prolific gold belt that has produced many millions of ounces over the years.

       

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      West Red Lake Gold Mines Company Profile

      West Red Lake Gold Mines Ltd. is a mineral exploration company that is publicly traded and focused on advancing and developing its flagship Madsen Gold Mine and the associated 47 sq-Km highly prospective land package in the Red Lake Gold District of Ontario.

      The highly productive Red Lake Gold District of Northwest Ontario, Canada has yielded over 30 million ounces of gold from high-grade zones and hosts some of the world’s richest gold deposits.

      WRLG also holds the wholly owned Rowan Property in Red Lake, with an expansive property position covering 31 sq-Km including three past producing gold mines – Rowan, Mount Jamie, and Red Summit.

      .

      West Red Lake Gold Mines Corporate website, click HERE

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      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds no shares in West Red LAke Gold Mines.

      To read our full terms and conditions, please click HERE



      I-80 Gold Announces High-Grade Results From Ruby Hill

      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.

       

       

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      i-80 Gold

      i-80 Gold Ruby Hill Mine, Nevada, USA

       

       

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      I-80 Gold Corp. TSX: IAU
      Stage Development + Exploration
      Metals Gold + polymetallic
      Market cap C$750 million @ C$2.61
      Location Nevada, USA

       

       

      I-80 GOLD ANNOUNCES HIGH-GRADE RESULTS FROM DRILLING AT RUBY HILL

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      BLACKJACK ZONE – 15.6 % ZN, 8.7 % PB, 420.4 G/T AG & 0.6 G/T AU OVER 40.4 M AND 10.7 % ZN & 37.0 G/T AG OVER 47.9 M
      EAST HILLTOP –15.9 % ZN, 4.3 G/T AU & 284.4 G/T AG OVER 7.2 M
      RUBY DEEPS – 6.9 G/T AU OVER 50.7 M
      Download Press Release
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      Reno, Nevada, September 12, 2023 – i-80 GOLD CORP. (TSX:IAU) (NYSE:IAUX) (“i-80”, or the “Company”) is pleased to report additional positive results from exploration drilling at the Company’s 100%-owned Ruby Hill Property (“Ruby Hill” or “the Property”) located in Eureka County, Nevada.

      The 2023 program continues to expand high-grade gold and polymetallic mineralization in multiple zones and has identified Carbonate Replacement Deposit (CRD) mineralization in the central portion of the Blackjack deposit.

      The current drill program at Ruby Hill is focused on defining and expanding high-grade mineralization in multiple target areas including Carlin-type gold, polymetallic CRD and zinc-skarn.

      All horizons remain open for expansion.

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      Recent highlight results from the most recent twelve drill holes include:

      • Blackjack CRD
        • 15.6 % Zn, 8.7 % Pb, 420.4 g/t Ag & 0.6 g/t Au over 40.4 m (iRH23-41)
          • Including 20.9 % Zn, 25.1 % Pb, 1.0 g/t Au & 1,221.1 g/t Ag over 11.8m
        • Blackjack Skarn
          • 10.7 % Zn, 0.4 % Pb, 0.2 g/t Au & 37.0 g/t Ag over 47.9 m (iRH23-41)
        • East Hilltop
          • 15.9 % Zn, 4.3 g/t Au & 284.4 g/t Ag over 7.2 m (iRH23-39)
        • Gold Mineralized Zones
          • 6.9 g/t Au over 50.7 m including 8.0 g/t Au over 24.9 m (iRH23-40) – Ruby Deeps
          • 9.1 g/t Au over 10.2 m (iRH23-41) – Lower Jack

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      Tyler Hill, Chief Geologist of i-80 Gold stated,

      “The Ruby Hill drill program continues to yield exceptional results in multiple target areas including the recent identification of high-grade polymetallic CRD mineralization in the Blackjack Zone.

       

      ”Step-out drilling is expanding mineralization in several zones with all known horizons remaining open for expansion.

       

      “We are also compiling the results of recently completed geophysical surveys that have identified multiple high-priority anomalies that will be tested in the future.”

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      Drilling continues to expand both polymetallic CRD and skarn mineralization in the Upper and East Hilltop Zones situated along the Hilltop fault structure where mineralization has now been defined over a strike length of approximately 750 metres including the Upper, Lower and East Hilltop Zones.

      The current drilling program is also focused on the Blackjack deposit, one of the primary polymetallic zones at Ruby Hill, where zones of gold mineralization are also being intersected.

      Step-out drilling is also demonstrating significant expansion potential in the Ruby Deeps gold deposit.

      .

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in i-80 Gold.

       



      Ascot Intercepts 32.9 g/t Gold Over 4.9m

      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. 

       

       

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      Ascot Resources

      Ascot Resources – Big Missouri portal

       

       

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      Ascot Resources TSX : AOT
      Stage Development
      Metals Gold
      Market cap C$331 m   @ $0.76
      Location Golden Triangle, British Columbia

       

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      Ascot Intercepts 32.9 g/t Gold Over 4.9 Metres in Stope Extension Drilling at the Premier Deposit

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      Vancouver, B.C. August 25, 2023 — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF)  (“Ascot” or the “Company”) is pleased to announce the first batch of assay results from the 2023 exploration drill program at the Company’s Premier Gold Project (“PGP” or the “project”), located on Nisga’a Nation Treaty Lands 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.

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      Highlights from the drill results include:

      • 32.85 g/t Au and 216.18 g/t Ag over 4.90m from a depth of 273.1m in hole P23-2468, including 165.00 g/t Au and 940.00 g/t Ag over 0.90m
      • 23.37 g/t Au and 54.28 g/t Ag over 6.52m from a depth of 253.48m in hole P23-2465, including 148.50 g/t Au and 315.00 g/t Ag over 0.95m
      • Both high-grade intercepts from holes P23-2468 and P23-2465 occurred outside existing stope shapes and therefore imply stope extensions.

      Note: True widths are estimated to be between 75% to 90% of reported interval widths.

      For the 2023 exploration season, drilling started on the Prew Zone, where mining is planned to begin at the Premier deposit. After completing 16 holes at Prew, drilling shifted to Big Missouri, and later will shift to the Day Zone. Pending weather conditions in the fall, drilling may shift back south to Premier and Sebakwe. This release summarizes results from the first four holes totaling 1,309 metres drilled from one pad targeting the Prew Zone. An overview of drill hole locations is shown in Figure 1. A summary of assay results is shown in Table 1.

       

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      Derek White, President and CEO of Ascot commented, 

       

      “The 2023 exploration program is off to a great start, with two drill holes intercepting high-grade gold mineralization outside of existing stope shapes.

       

      “This indicates strong potential for additional mineralization to be converted into near-term mine plans.

       

      “The Prew Zone was initially delineated in 2017 and is where we plan to start production mining at the Premier deposit in early 2024.

       

      “With additional assays pending from the Prew Zone including from holes that intercepted visible gold, we are eager to release additional results as we receive them in the coming weeks.”

       

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Ascot Resources

       

      To read our full terms and conditions, please click HERE



      Karora Reports Good Drill Results From Fletcher South

      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. 

       

       

      .

      Karora Resources underground mining at Beta Hunt

       

       

      .

      Karora Resources TSX: KRR
      Stage Production + Development + Exploration
      Metals Gold + Nickel
      Market cap C$748 million @ C$4.28
      Location Kalgoorlie, Western Australia

       

       

      Karora Reports Results From Fletcher South Infill Drill Program Showing Strong Continuity With Intersections Of 15.9 G/T Over 6.0 Metres And 4.8 G/T Over 32.0 Metres.

      TORONTO, Sept. 12, 2023 /CNW/ – Karora Resources Inc. (TSX: KRR) (OTCQX: KRRGF) (“Karora” or the “Corporation”) is pleased to announce the second set of results from the nine-hole drill program aimed to test and infill the southern extension of the Fletcher Shear Zone (FSZ) over 500 metres of strike north of the Alpha Island Fault (AIF).

      Assays from the final five holes of the program were received, highlighted by broad, high grade intersections from the most northern infill line which indicate the strike of the FSZ to re-align closer and within 250 metres of the Western Flanks Mineral Resource.

      Results from the now completed infill program confirm the existence of a significant mineralized system west of Western Flanks with potential for the FSZ to be the third major gold system in the Hunt Block after the Western Flanks and A Zone.

       

      Karora Resources Inc–Karora Reports Results from Fletcher South

      • Karora Resources Inc–Karora Reports Results from Fletcher South
      • WF405ACC-48AE: 4.8 g/t over 32.0 metres and 4.9 g/t over 5.0 metres
      • WF405ACC-49AE: 3.6 g/t over 34.5 metres and 11.2 g/t over 2.0 metres
      • BF1730-24AE: 15.9 g/t over 6.0 metres (EOH) and 18.0 g/t over 3.0 metres

      1.

      Interval lengths are downhole widths. Estimated true widths cannot be determined with available information. 

       

      Paul Andre Huet, Chairman & CEO, commented:

       

      “Today’s update on the southern portion of the Fletcher Zone continues to build on the exciting drill results we have reported from this area over the last several months (see Karora news releases datedApril 13andAugust 8, 2023).

       

      “We continue to see very strong grades associated with the FSZ, which has an interpreted strike length of 2.0 km.

       

      “These results further support our interpretation of Fletcher as a Western Flanks structural analogue, which has been the largest and most promising shear zone for gold production to-date at Beta Hunt.

       

      “The southern end of Fletcher is positioned very near to existing nickel infrastructure in the Beta Block and the Larkin Mineral Reserve to the south, only 250 metres from hole BL1730-04AE.

       

      “Once again, this demonstrates the infrastructure advantage we enjoy at Beta Hunt with over 400 km of existing tunnels which generally offer a great potential head start to bring new production areas online, such as with Fletcher.

       

      “Overall, Fletcher continues to add to the potential for significant ongoing Mineral Resource growth at Beta Hunt to continue the several years of impressive ounce additions already demonstrated at our flagship asset.”

      .

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Karora Resources.

      .

      To read our full terms and conditions, please click HERE



      Calidus’ Blue Spec Approval to Boost Output

      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.

       

      .

      Calidus Resources

       

      .

      Calidus Resources ASX: CAI
      Stage Production, exploration
      Metals Gold, lithium
      Market Cap A$121 m  @ A$ 20c
      Location Pilbara, Western Australia

       

      .

      Calidus Resources’ Blue Spec project secures final approval, paving way for it to boost Warrawoona production outlook

       

      .
      Blue Spec Resource stands at 190,000oz at 24g/t

      .

      Calidus Resources Limited (ASX:CAI) is pleased to announce that it 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.

      Blue Spec is one of several Calidus expansion plans for Warrawoona. These include
      development of the underground mine below the main Klondyke Open Pit at
      Warrawoona which will target the higher grade main lode of the Klondyke orebody and
      ongoing review of the high-grade Haoma JV Projects for near-mine bolt on
      opportunities.

      .

      .

      HIGHLIGHTS

      • The Blue Spec Mining Proposal and Mine Closure Plan has been approved by the
      WA Government, making the project ‘shovel-ready”
      • All other permits, including the water abstraction license, already received
      • Blue Spec, located 75km from the Warrawoona production plant, hosts a
      Mineral Resource of 190,000oz at 24g/t and a Mineral Reserve of 83,000oz at
      11.4g/t
      • Blue Spec Feasibility Study contemplated construction of a flotation plant at
      Warrawoona to treat the high-grade Copenhagen and Blue Spec satellite mines
      • Forecast production from the flotation plant is an additional 30,000ozpa to the
      current Warrawoona production profile
      • A Front End Engineering Design (FEED) study is underway for the Flotation Plant
      that will enable procurement to commence once Final Investment Decision has
      been made by the Calidus Board
      • Blue Spec is one of several nearby deposits being considered as part of the
      Warrawoona expansion strategy.

       

      .

      Calidus Managing Director Dave Reeves said,

       

      “Receipt of this final approval means all our immediate expansion plans are fully permitted.

       

      “The Front End Engineering Study on the plant is progressing well and we believe we will see significant capital reduction from the numbers released in the feasibility study.

       

      “We are also close to finalising offtake discussions for the Copenhagen concentrate which will be the first concentrate produced by the flotation plant.

       

      “Our review of the Haoma JV projects is continuing and we look forward to providing additional information on these high grade deposits as we conclude our review”.

      .

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Calidus Resources.

      To read our full terms and conditions, please click HERE



      Orla Mining Amends Credit Facility

      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.

       

       

      .

      Orla Mining project panoramic view and location map

      Orla Mining project panoramic view and location map – Zacatecas State, Mexico

       

       

      .

      Orla Mining TSX : OLA
      Stage Development
      Metals Gold
      Market cap C$1.85 billion   @ C$6.24
      Location Zacatecas, Mexico + Nevada + Panama

       

      .

      .

      Orla Mining Amends Credit Facility, Strengthens Financial Flexibility and Lowers Cost of Capital

       

       

      .

      Vancouver, BC – August 29, 2023 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce that the Company has amended its existing US$150 million credit facility (the “Amended Credit Facility”) with its existing syndicate of lenders comprised of The Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce.

      The Amended Credit Facility consists of a US$150 million revolving term facility.

      Amended Credit Facility Highlights:

      • Facility size: US$150 million revolving facility, with the ability to increase the facility to US$200 million, subject to receipt of additional binding commitments and satisfaction of certain conditions precedent.

      The Amended Credit Facility replaces the Company’s existing facility, which consisted of
      a US$100 million term facility expiring in April 2027 and US$50 million revolving facility expiring in April 2025.
      • Term: 4-year term, extending the term on the Company’s existing revolving facility by two years. Full repayment of the facility is due upon maturity (August 28, 2027).
      • Interest rates: The interest rate for the Amended Credit Facility will be based on the term SOFR rate, plus an applicable margin ranging from 2.50% to 3.75% based on the Company’s leverage ratio at the end of each fiscal quarter. This represents a 25 basis point decrease to the lower end of the range compared to the Company’s previous facility.

      The standby fee for the undrawn portion of the facility has also been lowered from 25% to 22.5% of the applicable margin.

       

      .

      Etienne Morin, Chief Financial Officer of Orla Mining stated,

      “This refinancing provides Orla with additional flexibility to lower its cost of capital while maintaining liquidity.

       

      “We would like to thank our syndicate of lenders who have continued to support Orla and have provided us with additional resources and flexibility to execute on our long-term strategy.”

       

      .

      The Amended Credit Facility is payable in full at maturity and removes quarterly mandatory repayments required under the previous term facility.

      The Company has drawn US$113.4 million under the Amended Credit Facility with an applicable margin of 2.50% based on its leverage ratio at closing.

      .

      To read the full news release, please click HERE

      .

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Orla Mining.

       

      To read our full terms and conditions, please click HERE



      Mining Review 10th September 2023

      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.

       

       

      .

      Skeena Resources

      Skeena Resources – Eskay Creek drilling, Golden Triangle, B.C. Canada.

       

       

      City Investors Circle Mining Update 23rd September 2023

       

      .

      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 Resources and Skeena Resources both brought out new MRE’s in an otherwise quiet week.

      Companies on our watchlists in the news this week

      The main news this week was from Auteco, who announced the closure of their acquition of the Green Bay Mine, formerly owned by UK listed Rambler, which went into administration recently.

      Auteco are taking a different approach to Rambler, and instead of restarting the mine now, which they could do, they are going to have an extensive drill campaign to expand the resource, using as thir model neighbouring mines and the similarity of the geology.

      Auteco plan to create significant shareholder value by greatly increasing the resource numbers, before resuming mining in a couple of years time. To read the full news release, please click on the link below.

        Cyprium Shareholders approved the SGM motions 

        Skeena Resources Increased the Snip Gold Resource to 823,000 Oz

        Eloro Resources Reported an Inferred MRE of 1.15 Billion Oz Silver Eq

        Auteco Closed the Green Bay Mine Deal

        Marathon Gold Berry Regulatory Assessment on Track

        Westhaven Gold Filed a Technical Report For Shovelnose

        Mining Review Sunday 3rd September

       

      A quiet week for most metals, but silver, nickel, and platinum all had hard falls on the week.

      Coking coal rose strongly on more positive Chinese economy news.

       

      Market Data

      Weekly Price Changes

      (US$ unless stated)

       

      Metal Prices

      Gold price in UK £ 1540 -0.13%
      Gold 1918 -1.13%
      Silver 22.93 -5.17%
      Palladium 1172 -3.93%
      Platinum 895 -7.20%
      Rhodium 4100 0.00%
      Copper 3.79 0.00%
      Nickel 9.17 -6.14%
      Zinc 1.09 0.00%
      Tin 11.33 0.00%
      Cobalt 14.85 0.00%
      Manganese 2.79 0.36%
      Lithium 26196 -2.68%
      Uranium 60.75 4.29%
      Iron Ore 113.4 -0.09%
      Coking Coal 275 5.36%
      Thermal coal 160 0.00%
      Magnesium 3471 4.80%
      Lumber 500 -0.60%
      GDX 28.34 -2.58%
      GDXJ 34.04 -4.27%
      Sil 24.98 -4.33%
      SILJ 8.98 -4.87%
      GOEX  (PCX) 23.33 -4.35%
      GLD 178.08 -1.13%
      COPX 36.67 -4.26%
      au / ag ratio 83.39 5.29%
      10 yr Tbond (TNX) 4.258 2.04%
      2 yr T bond 4.94 1.86%
      US  index (DXY) 105.06 0.77%
      HUI 218.96 -3.00%

       

      .

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Eloro Resources

      ..Eloro REsources

      To read our full terms and conditions, please click HERE



      Cyprium Shareholders approve SGM motions

      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.

       

       

      .

      Cyprium Metals

      Cyprium Metals – Project locations in Western Australia

       

      .

      Cyprium Metals ASX: CYM
      Stage Development, Exploration
      Metals Copper, Cobalt
      Market cap A$70m @ 9.6 c
      Location Pilbara, Western Australia

       

       

       

      Capital Raising and Proposed Reinstatement Update

      Receipt of Reinstatement Conditions and Updates

       

      Cyprium Metals Limited (CYM, Cyprium or the Company) is pleased to advise that it has received confirmation from ASX that its securities will, subject to the satisfaction of certain conditions (Conditions), be reinstated to quotation following the voluntary suspension of its securities on 23 February 2023 (Reinstatement).

      The Conditions are detailed in the Company’s notice of general meeting released today, 09 August 2023.

      Following receipt of the Conditions, the Company wishes to provide the following updates in relation to the Reinstatement process and Capital Raising (defined below):

      • Reinstatement1 will now occur following completion of the proposed capital raising,
      comprising:
      • the placement to sophisticated and professional investors, in respect of which firm
      commitments for $24m have been received (Placement); and
      • the pro rata non‐renounceable rights issue to raise up to an additional $5 million
      (before costs) (Entitlement Offer),
      (together, the Capital Raising).
      • To avoid any potential delays with Reinstatement, a transaction specific prospectus for the Entitlement Offer (Prospectus) will now be lodged during the notice period for the general meeting at which all approvals in relation to the Capital Raising will be sought.
      • A revised indicative timetable is set out below:

      .

      Updated Indicative Timetable

      Dispatch of Notice of Meeting 9 August 2023

      Date of General Meeting 7 September 2023

      Announcement of results of General Meeting 7 September 2023.

      .

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds no shares in Cyprium Metals

      ..Eloro REsources

      To read our full terms and conditions, please click HERE



      Skeena Increases Snip Gold Resource to 823,000 Oz

      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.

       

       

      .

      Skeena Resources

      Skeena Resources – Eskay Creek drilling, Golden Triangle, B.C. Canada.

       

       

      Skeena Resources TSX: SKE
      Stage Development + Exploration
      Metals Gold, silver
      Market cap C$568 million @ C$6.44
      Location Golden Triangle, British Columbia

      Skeena Increases Indicated Resource at Snip to 823,000 Gold Ounces Representing a 237% Increase 

       

      .

      NR: 23-18
      Vancouver, BC (September 5, 2023) Skeena Resources Limited (TSX: SKE, NYSE: SKE) (“Skeena” or the “Company”) is pleased to announce an updated Mineral Resource Estimate (“MRE”) for the 100% owned Snip Gold Project (“Snip” or the “Project”) located in the Golden Triangle of British Columbia.
      Effective September 5, 2023, the updated MRE incorporates an additional 307 drillholes totaling 46,268 metres, enhancements to the geological interpretation, resource estimation methods, long hole mining method parameters, and updated metallurgical process recoveries.
      .

      2023 Snip MRE Highlights:

      • Updated MRE 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
      • An increase of 579,000 Au ounces in the Indicated Resource, representing a growth of 237% since the 2020 MRE
      • 2021 and 2022 drilling programs heightened confidence of historical drilling data and improved certainty in continuity of the ore body
      • Metallurgical recovery increased to 96% from 90%

      .

      .

      .

      Randy Reichert, Skeena’s President & CEO commented

      “With the successful conversion of over 570,000 gold ounces to the Indicated category, we are very pleased with the updated Mineral Resource Estimate for Snip.
      “This Resource will form the basis of a detailed engineering study with project economics, which we anticipate being released in H1 2024.
      “The study will demonstrate the potential benefits of adding Snip mineralization to the Eskay Creek Project as a satellite operation, likely including an increased mine life and improved concentrate payabilities at Eskay Creek.
      “We look forward to continuing to unlock value for all stakeholders as we advance the Project.”
      .
      .
      .
      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Skeena Resources

      ..



      Eloro Resources Inferred MRE of 1.15 Billion Oz Silver Eq

      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. 

       

      .

      Eloro Resources

       

      .

      Eloro Resources TSX : ELO
      Stage Exploration
      Metals Silver, tin, lead
      Market cap C$183 m   @ C$2.38
      Location Potosi, Bolivia

       

      .

      Eloro Resources Announces Robust Initial Inferred Mineral Resource Estimate of 670 million tonnes containing 1.15 Billion In-situ Ounces Silver Equivalent for Iska Iska Project, Potosi Department, Southwestern Bolivia

      .

      .

      TORONTO, Aug. 30, 2023 (GLOBE NEWSWIRE) — Eloro Resources Ltd. (TSX: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce the inaugural mineral resource estimate (“MRE”) for the Iska Iska silver-tin polymetallic project in the Potosi Department of southwestern Bolivia.

      The MRE, as set out in Table 1 below, has been prepared by independent qualified persons (“QPs”) with Micon International Limited as defined under National Instrument 43-101 (“NI-43-101”).

      A Technical Report outlining the mineral resource estimation will be filed on Sedar within 45 days of the date of this release.

      August 30, 2023
      .

      Highlights

      • 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.
      • Due to the multi-metal nature of the deposit, the resources are reported using Net Smelter Return (NSR) cut-off values which are as follows: Polymetallic (Zn-Pb-Ag) domain = US$9.20/t for open pit (OP) and US$34.00/t for underground (UG) mining; Tin (Sn-Ag-Pb) domain = US$6.00/t for OP mining. Costs have been significantly reduced due to the major impact of the positive “ore-sorting” tests.
      • Potentially open pittable inferred mineral resource in Polymetallic Domain (Zn-Pb-Ag) of 541 million tonnes at 0.69% Zn, 0.28% Pb and 13.6 g Ag/t for an NSR value of US$20.32/t at a cutoff of US$9.20/t.
      • Includes higher grade near surface inferred mineral resource of 132 million tonnes at 1.11% Zn, 0.50% Pb and 24.3 g Ag/t for an NSR value of US$34.50 at an NSR cutoff of US$25/t.
      • Potentially open pittable inferred mineral resource in the Tin Domain of 110 million tonnes at 0.12% Sn, 0.14% Pb and 14.2 g Ag/t for an NSR value of US$12.22/t at an NSR cutoff of US$6.00 per tonne.
      • Potential underground inferred mineral resource in the Polymetallic Domain of 19 million tonnes at 1.88% Zn, 0.36% Pb and 18.8 g Ag/t with an NSR value of US$42.23 at a cutoff grade of US$34.40.
      • Total inferred mineral resource, 97% of which is potentially open pittable, is 670 million tonnes at an NSR of $19.62. Potential open pit is 1.4km in diameter, extends to a maximum depth of 750m below the Santa Barbara hill and has a stripping ratio of 1:1.
      • Resource estimate is based on 139 diamond drill holes totalling 96,386m. All holes intersected significant reportable mineralization and the deposit is open in all directions.

      .

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Eloro Resources

      ..Eloro REsources



      Auteco Closes the Green Bay Mine Deal

      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.

       

      .

      Auteco Ming Mine location

       

      .

      .

      Auteco Minerals ASX : AUT
      Stage Exploration / development
      Metals Copper / Gold
      Market cap A$65 m   @ 28c
      Location Newfoundland, Canada

       

      .

      Comment

      This looks like a very shrewd deal for Auteco, and we have promoted them to the second tier of our watchlist as a result.

      Managament have achieved before, and can clearly see another winner in this deal. Management took A$5 million in the placing, which is good to see them backing themselves to create shareholder value.

      They are not going straight back into production, they are going to drill out a much larger resource here before restarting mining.

      I have a feeling they will significantly expand the resource here.

       

      /

      Auteco Closes The deal on the Former Rambler Metals Mine in Newfoundland

      .

      Auteco Minerals (ASX: AUT) Minerals 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.

      AuTECO submitted a bid under the sale and investment solicitation process for Canadian company Rambler Group, which was ordered by the Supreme Court of Newfoundland and Labrador in March this year, as part of the restructuring proceedings of Rambler Group.

      AuTECO’s bid involved the offer to purchase the assets by way of the cancellation of all outstanding issued capital in the Rambler Group, and the issuance of new shares in the company, and a reverse vesting order (RVO).

      Under the terms of the acquisition, AuTECO will provide A$35-million in cash on completion of the transaction, as well as A$15-million worth of shares in the company, amounting to around 600-million shares.

      A further A$15-million will be payable no later than 18 months following the completion of the transaction, of which A$7.5 million will be payable in cash and a further A$7.5 million in shares. A deposit of A$3.5 million has been paid, which will be deducted from the Stage 1 payments on completion of the transaction.

       

      .

       Incoming AuTECO MD Steve Parsons stated,

      “Green Bay is an exceptional acquisition opportunity and we were extremely fortunate to be given the opportunity to acquire this asset via the administration process.

       

      “It is very rare for a copper asset of this size and grade, with a resource of this magnitude, and such immense growth potential, to come up anywhere in the world, let alone in a tier-one location like the province of Newfoundland and Labrador.

       

      “The potential to grow the mineral resource quickly is abundantly clear, with extensive high-grade mineralisation intersected down-plunge and highly promising exploration upside in positions parallel and along strike from the existing resource.”

      .

      The project currently hosts a 39.2-million-tonne resource, at 2.1% copper for 812,000 t of Cu equivalent, of which 68% is in the measured and indicated category.

      The mine last produced copper in early 2023, mined by Rambler Metals, and has been on care and maintenance since then, as a result of Rambler’s cash crisis.

      The acquisition includes the Ming mine and Nugget Pond processing facility, with the infrastructure valued at around A$250-million.

      The transaction will be funded by a minimum A$50-million two-tranche placement, with Parsons saying the capital raising will enable AuTECO to immediately establish an exploration decline with the aim of rapidly growing the resources around historical intersections such as 102 m at 1.7%copper . This intersection is 460 m down plunge of the current resource boundary.

      The first tranche of the capital raise will consist of some 347-million shares, at a price of 2.5c each, raising an initial A$8.7-million under the company’s existing placement capacity.

      The second tranche will entail the placement of a further 1.65-billion shares, raising a further A$41.3-million.

      .

      To read the full news release, please click HERE

       

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Auteco

      ..

      To read our full terms and conditions, please click HERE



      Marathon Gold Berry Regulatory Assessment on Track

      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. 

       

       

      .

      Marathon Gold

       

       

      .

      Marathon Gold TSX: MOZ
      Stage Development + Exploration
      Metals Gold
      Market cap C$302 m  @751c
      Location Newfoundland and Labrador

       

      .

      Marathon Gold Confirms Berry Regulatory Assessment Process
      Proceeding to Plan

       

      TORONTO, ON – August 30, 2023 – Marathon Gold Corporation (“Marathon” or the “Company”; TSX: MOZ) is pleased to announce that it has received confirmation from the Impact Assessment Agency of Canada (“IAAC”) that changes to the Valentine Gold Project (the “Project”) to accommodate an open pit and associated infrastructure at the Berry Deposit (the “Berry Complex”) do not constitute a new Designated Project, and as such do not require a new impact assessment under the Impact Assessment Act (“IAA”).

      This means that the assessment and subsequent permitting of the Berry Complex can proceed as previously anticipated, comprising an Environmental Assessment (“EA”) of a “new undertaking” by the provincial regulator, and a modified Decision Statement by the federal regulator.

      Consistent with previous guidance and the Project’s December 2022 Updated Feasibility Study, Marathon anticipates these review processes will be completed during 2023 and 2024, well in advance of the scheduled commencement of mining at Berry in the second quarter of 2025.

      .

      Background to Today’s News

      In September 2020, Marathon submitted an Environmental Impact Statement (“EIS”) for the Project to IAAC and the Newfoundland and Labrador Department of Environment and Climate Change, EA Division, (“NLDECC”) pursuant to the requirements of the Canadian Environmental Assessment Act (2012) and the NL Environmental Protection Act, respectively.

      The scope of assessment for the EIS included two mining pits and related infrastructure (the Marathon and Leprechaun Complexes), a Processing Plant, a Tailings Management Facility, and associated site facilities (the “two-pit project”).

      The Valentine Gold Project was released from the provincial EA process on March 17, 2022, and the federal EA process on August 24, 2022. Mine construction commenced in October 2022, and permitting for specific site activities has continued throughout the mine development process in accordance with the construction schedule.

      At the end of June 30, 2023, overall permitting progress stood at 89% complete.

      In December 2022 Marathon released results of an Updated Feasibility Study for Valentine based on the addition of a third open pit and associated infrastructure at the Berry Complex (the “threepit project”).

      .

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds no shares in Marathon Gold

      ..

      To read our full terms and conditions, please click HERE



      Westhaven Gold Files Technical Report For Shovelnose

      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. 

       

      .

      Westhaven Gold Shovelnose Mountain

      Westhaven Gold – Shovelnose Mountain vista, near Merritt, B.C.

       

       

      .

      Westhaven Gold TSX.v : WHN
      Stage Exploration
      Metals Gold
      Market cap C$55 m   @ 42 cents
      Location British Columbia, Canada

       

      Westhaven Gold Corp. Files Technical Report For The Shovelnose Gold Project

      .

      .

      Vancouver, B.C. – August 31st, 2023 – Westhaven Gold Corp. (TSX-V:WHN) announces that the Company has filed an independent Technical Report prepared in accordance with National Instrument 43-101 — Standards of Disclosure for Mineral Projects supporting the Preliminary Economic Assessment (PEA) at its 17,623-hectare Shovelnose Gold Property, as reported in the Company’s news release dated July 18th, 2023 (Link:July 18, 2023 News Release).

      Shovelnose is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway approximately 30 kilometres south of Merritt, B.C.

      The PEA is considered by P&E Mining Consultants Inc. to meet the requirements as defined in Canadian National Instrument 43-101 Standards of Disclosure for Mineral Projects.

      This PEA is preliminary in nature and includes Inferred Mineral Resources that are considered too speculative geologically to have the economic considerations applied to them that would enable them to be classified as Mineral Reserves, and there is no certainty that the PEA will be realized.

      Mineral Resources are not Mineral Reserves and do not have demonstrated economic viability. There is no guarantee that Westhaven Gold Corp. will be successful in obtaining any or all of the requisite consents, permits or approvals, regulatory or otherwise, for the project to be placed into production.

      The PEA has an effective date of July 18th, 2023, and the report is dated August 31st, 2023.

      The Technical Report can be found on SEDAR (www.sedar.com) and the Company’s website (https://www.westhavengold.com/).

      .

      To read the full news release, please click HERE

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds no shares in Westhaven Gold

      ..

      To read our full terms and conditions, please click HERE



      Mining Review Sunday 3rd September

      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. 

       

       

      .

      Lefroy Exploration

      Lefroy Exploration – Burns RC drilling, August 2022

       

       

      .

      City Investors Circle Mining Review Sunday 3rd Spetember 2023

       

      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.

      Lithium carried on falling in price, down over 3% week on week, and a whopping 25% in the last month. with increasing EV production this isn’t supposed to be happening!

      Nickel was another notable rise, up 5%, which helps Karora Resources as they have nickel credits at their Beta Hunt Mine in WA. It’s for those nickel credits that I chose to invest in Karora, as they offer a cushion if there’s a downturn in the gold price.

      —

      A date for your diaries, the next Global Mining Finance Conference will take place on the 16th November, at the Pewterers’ Hall, Oat lane, St. Pauls, London.

      —

      News from our watchlist companies last week

      Not so much newsfow this week, some weeks are just quiet when others simply explode with news, especially before a major conference…

      Eloro Resources intersected significant tin mineralisation at their Iska Iska polymetallic project in southern Bolivia. This deposit just keeps expanding, and will surely attract a major at some point?

      O3 Mining also reported good gold intersects at their Marban deposit in Quebec. This project is within line of sight of the huge Canadian Malartic Mine.

      Gold Road Resources reported record profits from their  Gruyere Mine JV in Western Australia. This was a result of now being unhedged, with a favourable A$ exchange rate. Production is currently on guidance for the year.

      To read the full news stories for last week, click on the links below.

        Gold Road Reported Record Half Year and Profits

        Minera Alamos Operations Update and Q2 Financials

        Market Review August 2023 Published

        Mali Governement Mining Law May Deter Investment

        Eloro Resources intersected Significant Tin Mineralization

        O3 Mining Repored Results from Upper Camflo

        Mining Review 27th August 2023

      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in all the companies mentioned above...

      To read our full terms and conditions, please click HERE



      Gold Road Reports Record Half Year and Profits

      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.

       

       

      .

      Gold Road Resources

      Gold Road Resources Gruyere Gold Mine at night

       

      .

      Gold Road Reports Net Profit And Interim Dividend Determined for 6 months to June 30th 2023

       

       

      .

      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.

      Hghlights

      Record Half Year Performance and Profit

       Revenue from gold sales for the six months totalled $229.0 million
      (June 2022: $196.5 million)
       Gold sales of 80,115 ounces (June 2022: 79,606 ounces), with production benefiting from record throughput rates for the half year
       Operating cash flow for the six months to 30 June 2023 was $110.3 million
      (June 2022: $69.5 million)
       Group free cash flow3 generated for the six months to 30 June 2023 of $74.6 million
      (June 2022: $44.6 million)
       EBITDA for the six month period totalled $122.6 million (June 2022: $100.0 million)
       EBITDA Margin of 54% (June 2022: 51%)
       Consolidated net profit after tax for the six months of $55.7 million (June 2022: $39.9
      million)
       Basic earnings per share of 5.17 cents (June 2022: 4.52 cents) for six months
      Growing Cash Position
      Gold Road ended the half year with cash and short-term deposits of $152.6 million
      (31 December 2022: $74.4 million)
      Fully Franked Interim Dividend Determined for six months to 30 June 2023
       Fully franked dividend of 1.2 cents per share determined for six months to 30 June 2023
      (June 2022: 1.0 cents)
      Production Outlook
       Gruyere is on target to achieve restated 2023 annual guidance of 320,000 to 350,000 ounces (160,000 to 175,000
      ounces attributable)
       Gold Road’s annual AISC guidance remains unchanged at A$1,540 to A$1,660 per attributable ounce
      Strong Exploration and Investment Portfolio
       Strategic listed investments in De Grey Mining Ltd and Yandal Resources Ltd valued at $416.1 million on
      30 June 20235
      .
       Drilling continuing at the Mallina and Yamarna Projects with on ground activities commenced at the Greenvale Project.
       Drilling completed at the Golden Highway Project (Gold Road 50%) in preparation for feasibility level studies.
      1 Gold Road operates to a calendar financial year
      2 Revenue, EBITDA, cash flow and NPAT excludes the sale of 1,622 ounces of unsold gold held in bullion and doré at 30 June 2023
      Free cash flow is reported before payment of dividends, debt and investments

      .

      .

      Gold Road Managing Director and CEO Duncan Gibbs commented:

       

      “The six months to 30 June 2023 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.

      “The Company continued to return income to shareholders in the form of six-monthly dividend payments, and the Board has determined to pay a dividend for the six months to 30 June 2023 of 1.2 cents.

       

      “In determining the dividend, your Board has considered the potential requirements to support growth and future operating conditions.”
      .

      .

      For brevity, this summary has been redacted, to read the full news release, please click HERE

       

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Gold Road Resources

      ..

      To read our full terms and conditions, please click HERE



      Minera Alamos Operations Update and Q2 Financials

      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. 

       

      .

      Minera Alamos

      Minera Alamos three projects in Mexico

      .

      .

      .

      Minera Alamos TSX.v : MAI
      Stage Development
      Metals Gold
      Market cap C$174 m   @ 34c
      Location Sonora, Zacatecas, Durango – Mexico

       

       

      .

      Minera Alamos Provided an Operations Update and Q2 Financials

       

       

      .

      Toronto, Ontario – (Newsfile – August 30th, 2023)

      Minera Alamos Inc. (the “Company” or “Minera Alamos”) (TSX VENTURE:MAI) is pleased to provide 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. For a full overview please refer to the Q2 Financial Statements and MD&A filed on Sedarplus.ca on August 29th, 2023.

       

      .

      Darren Koningen, CEO, Minera Alamos stated,

      “As outlined earlier in 2023, the first half of the year at the Santana project saw a focus on development and infrastructure activities scheduled in advance of a planned improvement in mining operations in the second half of 2023.

       

      “Since June mining and stacking operations have been increasing steadily as our mine contractor scaled up equipment and staffing levels at site.

       

      “A prudent overall approach to mining operations has been implemented in recent quarters as the Company worked its way through the end of a difficult 3-year regional drought that significantly inhibited our ability to be more aggressive with production rates.

       

      “We are pleased to report that more typical weather patterns appear to have re-emerged in 2023.

      “The Company is currently preparing for new pad construction late in the year following the end of the current rainy season which is expected to coincide with the receipt of permit amendments allowing us to facilitate a significant expansion of both mining and gold stacking operations and lead to a much more stable production outlook next year and onwards.”

       

      .

      To read the full news release, please click HERE
      .

      =======

      .

      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

      =======

      .

      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

      =======

      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

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      Disclosure

      At the time of writing the author holds shares in Minera Alamos

      ..

      To read our full terms and conditions, please click HERE

       

       

       



      Market Review August 2023 Published

      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. 

       

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      Karora Resources

       

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      City Investors Circle 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.

      Neometals’ share price rose 60% during August after announcing the Mercedes Benz Primobius spoke agreement. Ascot Resources was the second largest riser after a progress report from their Premier Mine in Canada.

      The review also provides market data for commodity prices, with the year to date lead changing hands, and now occupied by uranium. The largest faller in the commodity sector is currently lithium.

      To receive the free Monthly Review, and invitations to our free to attend company presentations, please email andrew@city-investors-circle.com

      The August 2023 Market Review can be accessed HERE

       

      To read the full news release, please click HERE
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      If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

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      City Investors Circle is based in the financial district in the City of London

      We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

      Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

      Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

      We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

      If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

      .

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      ,

      This website is not sponsored, we are truly independent, and will always remain so.

      Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

      All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

      These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

      .

      .

      Disclosure

      At the time of writing the author holds shares in Ascot Resources, Karora Resources, and Orla Mining

       

      To read our full terms and conditions, please click HERE