Mali, West Africa
The ruling Junta in Mali have proposed a new Mining Law that would increase the governement’s share of mines within the country. Some miners think this will deter investment in the country.
Current producers in Mali, such as Barrick and K92 Mining feel the new law will not impact existing producers. Continue reading
Eloro Resources (TSX: ELO)
Announced assay results from reconnaissance drilling on the Mina Casiterita Property , additional definition drilling on the eastern margin and southern extension of the Santa Barbara deposit and reconnaissance drilling in the Porco-Mina 2 area. Continue reading
O3 Mining (TSX.V: OIII)
Announced that it has received the final results of its 1,806 metre drill program completed over the Upper Camflo area (North-West of the Kierens pit), within the Marban Alliance project, in Val-d’Or, Québec, Canada.
The program intersected 1.6 g/t Au over 1.5 metres in hole O3MA-23-503. Continue reading
Mining Review 27th August 2023
Gold bounced back strongly after falling on US interest rate rise expectations.
American Creek and Karora Resources both reported good drill results from recent exploration activity.
i-80 GOLD CORP. (TSX: IAU)
Reported additional 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 polymetallic mineralization in multiple zones and has resulted in new discoveries. Continue reading
Uranium Energy Corp. (NYSE)
Announced that the Company has closed a purchase agreement with Rio Tinto Exploration Canada Inc., a subsidiary of Rio Tinto Inc., to acquire a portfolio of exploration-stage projects in the Athabasca Basin, Saskatchewan, Canada for C$1,500,000. Continue reading
Neometals (ASX & AIM: NMT)
Announced that Primobius GmbH, the battery recycling incorporated joint venture company owned 50:50 by Neometals and SMS group GmbH, has received a Purchase Order for supply of a 10 tonne per day Spoke with Mercedes for installation at Kuppenheim in southern Germany. Continue reading
Karora Resources (TSX: KRR)
Announced additional significant results from gold exploration drilling targeting the Fletcher Zone at the Beta Hunt Mine.
A nine-hole drill program aimed to test and infill the southern extension of the Fletcher Shear Zone over 500 metres of strike north of the Alpha Island Fault commenced in June 2023 and is nearing completion. Continue reading
Karora Resources (TSX: KRR)
Has appointed Tony Makuch to the board of directors and as the new chair of the board technical committee.
Karora also announced that Derek Humphry has joined the corporation in the position of chief financial officer. Continue reading
American Creek Resources (TSX.V: AMK)
Announced that project operator and JV partner Tudor Gold has produced the second set of drill results for the 2023 exploration program at the flagship property, Treaty Creek, located in the Golden Triangle of BC.
The highlight was 1.48 G/T AUEQ over 210m within 516m grading 1.19 G/T AUEQ.
Mining Review 20th August 2023
A poor week for the mining juniors, with the price of gold falling due to anticipation of further FED rate increases, causing a strong US dollar.
Karora Resources reported record production sales and revue, and Newcore Gold and Silver Tiger reporting good drill results. Continue reading
Newcore Gold (TSX.V)
Updated on exploration and development activities underway at the Company’s Enchi Gold Projectin Ghana.
Diamond Drillingat the Nyam Gold Deposit intersected 3.28 grams per tonne gold (“g/t Au”) over 11.0 metres (“m”), within a broader zone of 1.58 g/t Au over 26.3 m. Continue reading
Silver Tiger Metals (TSX.V:SLVR)
Has intersected 1,153.6 g/t total silver equivalent over 3.3 meters in the Sulphide Zone in Drill Hole ET-23-462.
These high-grade intercepts have tripled the known strike length of the Sulphide Zone, bringing the originally indicated 250 meters of strike extent to more than 750 meters. Continue reading
Impact Minerals (ASX: IPT)
Announced that it has finalised revised terms for the sale of up to a 75% interest in the Company’s 100% owned Commonwealth Project to Burrendong Minerals Ltd (Burrendong) , an unrelated public company. Continue reading
Ascot Resources (TSX: AOT)
Announced the Company’s unaudited financial results for the three months and six months ended June 30, 2023.
Ascot also updated the market on the Premier Mine construction progress. Continue reading
Karora Resources (TSX: KRR)
Announced financial and operating results for the second quarter (“Q2 2023”) and first six months (“YTD 2023”) of 2023. Continue reading
Calidus Resources (ASX: CAI)
Announced that initial studies have identified a significant opportunity to increase near-term production by mining the Blue Bar Gold Project near Warrawoona.
Blue Bar, which is part of the recently announced Haoma Joint Venture (Haoma JV) (CAI 60%: Haoma 40%). Continue reading
Mining Review 13th August 2023
Not much of a week for investors in the junior mining sector, gold and silver fell on US rate rise anticipation, and there was little news from companies on our watchlist.
Cartier Resources, Karora Resources, and Marathon Gold put out positive drilling and development news. Continue reading
Cartier Resources (TSX.V: ECR)
Presented an update of the potential for the Chimo Mine Project, comprising the Chimo Mine and East Cadillac properties, the latter of which was acquired in the spring of 2022.
The Project, 100% owned by Cartier, is located at 45 km east of the Val-d’Or mining camp. Continue reading
Karora Resources (TSX: KRR)
Announced additional significant results from gold exploration drilling targeting the Fletcher Zone at the Beta Hunt Mine. Continue reading
