Ascot Resources (TSX: AOT)
Provided an update on the progress of the Premier gold project following an initial review conducted by president and chief executive officer Jim Currie and his management team. Continue reading
Author Archives: Mining Desk
Capricon Expands Mt Gibson Project Tenure
Capricorn Metals (ASX: CMM)
Advised that it has entered into a binding agreement with Top Iron Pty Ltd to acquire the prospective Mummaloo Project tenements and physical assets.
The Mummaloo Project covers approximately 219 square kilometres of tenure located contiguous to the north of Capricorn’s Mt Gibson Gold Project. Continue reading
Awalé Hits 2.5 g/t Gold Eq. over 34m at the BBM Zone
Awalé Resources (TSX.V: ARIC)
Reported results from the first two diamond drill holes completed as part of an expanded drill campaign targeting the BBM zone at the Odienné Project in the Ivory Coast. Continue reading
Calibre Pours its One-Millionth Ounce of Gold in Nicaragua
Calibre Mining (TSX: CBX)
Announced a milestone, it has produced its one-millionth ounce of gold in Nicaragua since Q4 2019.
The company also announced a maiden Mineral Resource estimate for its Talavera Gold Deposit, located close to it’s Limon Mill, which includes 3,847,000 tonnes of Inferred Mineral Resource averaging 5.09 g/t Au, yielding 630,000 ounces of gold. Continue reading
West Red Lake Gold Has New Targets from Surface Sampling
West Red Lake Gold Mines (TSX.V: WRLG)
Announced positive results from the 2024 regional surface mapping and geochemical sampling program across its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada. Continue reading
Gold Road Announces Strong Outlook and Guidance for Gruyere in 2025
Gold Road Resources (ASX: GOR)
Presented 2025 annual guidance and an updated 3-Year production outlook for the Gruyere Gold Mine.
2025 annual guidance for Gruyere is 325,000 – 355,000 ounces (162,500 – 177,500
attributable) at an attributable AISC of between A$2,400 and A$2,600 per ounce. Continue reading
G Mining Ventures Outlines Outlook for 2025
G Mining Ventures (TSX: GMIN)
Announced its 2025 operational and cost guidance for Tocantinzinho Gold Mine, along with planned capital expenditures to progress the Oko West Gold Project in Guyana and the Gurupi exploration Project in Brazil.
Planned production is between 175,000 and 200,000 ounces of gold at an AISC of US$996 to US$1125. Continue reading
Ora Banda Mining December Activities Report
Ora Banda Mining (ASX: OBM)
Reported on its activities for the December 2024 quarter – a period during which the Company demonstrated the robustness of its underground strategy with cashflow increasing over $9 million despite spending over $30 million on growth. Continue reading
Wesdome Gold Provides Eagle River Exploration Update
Wesdome Gold Mines (TSX:WDO)
Provided a comprehensive update on its exploration activities at its wholly-owned Eagle River Mine near Wawa, Ontario.
At the 300 Zone, infill drilling has confirmed the ontinuity of high-grade mineralization and provided critical geological insights regarding the zone’s behavior. Continue reading
Capricorn Announce the Acquisition of Deadman Flat Project
Capricorn Metals (ASX: CMM)
Has entered into an agreement with Peregrine Gold Ltd to acquire the prospective Deadman Flat Project tenements covering approximately 270 square kilometres located contiguous to the Company’s Karlawinda Gold Project tenure in the Pilbara region of Western Australia. Continue reading
Westgold Production lifts again in Q2, FY25
Westgold Resources (ASX / TSX: WGX )
Reported results for the period ending 31 December 2024 (Q2 FY25).
Westgold had record gold production in Q2 FY25 of 80,886oz Au @ AISC of A$2,703/oz with increased net mine cashflow of $45M funding the Company’s operational and growth capital requirements. Continue reading
Calidus Resources Delisted From the ASX
Calidus Resources
I have been notified by my broker that Calidus Resources has been delisted from the ASX effective the 17th January 2025. Continue reading
West Red Lake Gold Intersects 45.70 g/t Au over 3.85m
West Red Lake Gold (TSX.V: WRLG)
Reported definition drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
Hole MM24D-02-4090-010Intersected 3.85m @ 45.70 g/t Au, from 14.00m to 17.85m. Continue reading
American Creek’s JV Partner Tudor Gold Intensifies Exploration Efforts
American Creek (TSX.V: AMK)
Announced that project operator and JV partner Tudor Gold has initiated the permitting process for the construction of approximately 3,000 meters of underground development to provide an exploration ramp for targeting the Supercell One Zone with infill and expansion drilling. Continue reading
Orla Mining Achieves Record Annual Gold Production
Orla Mining (TSX: OLA; NYSE: ORLA)
Provided an operational update for the fourth quarter and year ended December 31, 2024, as well as preliminary 2025 guidance.
The Company produced 26,531 ounces of gold in Q4, bringing total annual gold production for 2024 to 136,748 ounces. Orla achieved its already improved 2024 production guidance range of 130,000 to 140,000 ounces, representing a 19% beat. Continue reading
Meeka Metals Announce High-Grade Gold at Turnberry
Meeka Metals (ASX: MEK)
Reported further high-grade assays from ongoing drilling at Turnberry, ahead of mining in the March 2025 quarter.
Highlights included 10m @ 15.71g/t Au from 114m including 1m @ 34.70g/t Au and 1m @ 113.00g/t Au and 10m @ 9.81g/t Au from 130m which ended in mineralisation. Continue reading
Meeka Metals – Initiating Coverage
Meeka Metals (ASX: MEK)
City Investors Circle are initiating coverage of Meeka Metals, as soon to be in production gold producer located near Meekathara in Western australia.
Meeka are restarting a former producing gold mine, and exploring the region to add more ounces to increase the current 10 year life of mine. Continue reading
Orla’s Proxy Advises Shareholders to Vote for the Musselwhite Acquisition
Orla Mining (TSX: OLA; NYSE: ORLA)
Announced that the two leading independent proxy advisory firms have each recommended that Orla’s shareholders vote FOR the resolution to approve the Company’s proposed acquisition of the Musselwhite Minefrom Newmont Corporation. Continue reading
Westgold Group Production Lifts in Q2 FY25
Westgold Resources (ASX / TSX: WGX)
Provided preliminary production results for Q2, FY25, where Westgold produced 80,886 oz of gold (up from 77,369 oz in Q1, FY25.
Total production for the first half was 158,255 oz with production expected to further increase in H2, FY25, consistent with guidance. Continue reading
Calibre Delivers Record Q4 Gold Production of 76,269 Ounces
Calibre Mining Corp. (TSX: CXB)
Announced operating results for Q4 and year ended December 31, 2024, an update on the Valentine Gold Mine, located in Newfoundland & Labrador, Canada and initial 2025 guidance.
Record consolidated Q4 gold production of 76,269 ounces; Nicaragua 66,578 ounces and Nevada 9,691 ounces. Continue reading