G2 Goldfields (TSX: GTWO)

Announced that it has filed the requisite notice setting the record and meeting date in respect of an annual and special meeting of shareholders of G2

One purpose of the meeting is to ask shareholders to approve the spin-out of a newco, G3 Goldfields.

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TORONTO, Nov. 29, 2024 (GLOBE NEWSWIRE) — G2 Goldfields Inc. (“G2” or the “Company”) (TSX:GTWO, OTCQX:GUYGF) is pleased to announce that it has filed the requisite notice setting the record and meeting date in respect of an annual and special meeting (the “Meeting”) of shareholders of G2 (the “Shareholders”).

Barton Gold (ASX: BGD)

Published a new Corporate Presentation for the recent conference appearances in Europe.

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Barton Gold (ASX: BGD)

Published a new Corporate Presentation for the recent conference appearances in Europe.

The new presentation can be viewed here

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To read the full news release please click HERE

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The live gold price can be found HERE

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.

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Disclosure

At the time of writing the author holds shares in Barton Gold.

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G2 Goldfields (TSX: GTWO)

Following  a recent meeting with management, we are initiating coverage of G2 Goldfields.

G2 has a series of projects in a prolific high-grade gold trend in Guyana, some bordering G Mining Ventures’ project.

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Initiating coverage – G2 Goldfields (TSX: GTWO)

Following  a recent meeting with management, we are initiating coverage of G2 Goldfields.

G2 has a series of projects in a prolific high-grade gold trend in Guyana, some bordering G Mining Ventures’ project.

Anglogold Ashanti became a shareholder in a recent financing, and I imagine that’s with a view to being at the table when the anticipated bidding war starts.

G2 are preparing a spin-out of G3 Goldfields, so that suggests to me G2 may be the subject of some corporate action in the near term.

G Mining Ventures look to be the most likely suitor so maybe that’s why Anglogold took their stake?

If they take out G2 Anglogold would then be in a position to bid for G Mining and consolidate their projects.

All to play for here, I feel this may be a play in 2025.

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The live gold price can be found HERE

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 G2 Goldfields

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Calibre Mining (TSX: CXB)

Announced initial discovery and resource expansion diamond drill results from its Valentine Gold Mine located in Newfoundland, Canada.

High-grade drill results included 2.43 gpt gold over 172.9 metres, and 2.12 gpt gold over 95.4 m.

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Calibre Discovers Significant Gold Mineralization 1,000 metres Beyond the Valentine Gold Mine Resource, Newfoundland & Labrador, Canada; Drilling Intercepts Include 2.43 g/t Gold over 172.8 metres, 2.12 g/t Gold over 95.4 metres and 2.26 g/t Gold over 78.3 metres

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G Mining Ventures  (TSX: GMIN)

Reported its first its production and financial results for the three and nine months ended September 30, 2024, and provide an operational update.

Highlights were gold production of 22,071 ounces at AISC of $1,226 per ounce sold, 17,144 ounces of gold sold.

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Vincent-Luc Authier, Construction Manager at TZ with the First Gold Bar Poured at the Mine (CNW Group/G Mining Ventures Corp)

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G Mining Ventures Reports Third Quarter 2024 Production and Financial Results

Calibre Mining(TSX:  CXB)

Announced additional high-grade drill results from the Company’s 2024 exploration program within the Limon Mine Complex in Nicaragua.

The results are located across the prolific Limon property ranging from the VTEM Gold Corridor, proximal to the main Limon Norte open pit, to the west side of the Talavera gold zone, an area with no Mineral Resource.

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Calibre Announces Significant High-Grade Mineralization at Limon Which Is Expected to Have a Positive Impact on Its Mineral Resources

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Orla Mining (TSX: OLA; NYSE: ORLA)

Announced it has entered into a definitive agreement to acquire the Musselwhite Gold Mine in Ontario from Newmont Corporation for upfront cash consideration of $810 million and gold-price linked contingent consideration of $40 million.

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More than Doubles Orla’s Annual Gold Production to Over 300 koz with Near-Term Growth to 500 koz; Orla to Become a Premier, North America-Focused, Multi-Asset, Low Cost, Producing Gold Company.

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Vancouver, BC – November 18, 2024 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce it has entered into a definitive agreement (the “Agreement”) to acquire the Musselwhite Gold Mine (“Musselwhite”) in Ontario from Newmont Corporation (“Newmont”) for upfront cash consideration of $810 million and gold-price linked contingent consideration of $40 million (the “Transaction”)¹

The cash consideration will be financed through a combination of cash, existing undrawn debt capacity, new indebtedness, a gold pre-pay facility, and convertible notes led by Orla’s existing cornerstone investors. There is no upfront equity dilution associated with the Transaction.

The Transaction adds a second high quality, high margin producing asset to Orla’s portfolio. The combination of the proven Musselwhite mine and Orla’s low-cost Camino Rojo oxide operation more than doubles the Company’s annual gold production to over 300 koz, with expected near-term growth to over 500 koz of annual gold production as the South Railroad Project is expected to commence production in 2027.

The Transaction will also significantly enhance the free cash flow of the Company, providing additional cash for the execution of Orla’s organic growth plans.

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Transaction Highlights:

• Strategic acquisition of a proven Canadian operating gold mine with a skilled underground workforce located in a tier-one mining jurisdiction.
• Transforms Orla from a single asset producer to a multi asset intermediate producer.
• Immediately more than doubles gold production with a clear path to 500 koz of annual gold production.
• Musselwhite has robust reserves and resources as well as significant exploration potential.
• Well suited to the technical capabilities of Orla’s executive and operating teams.
• Transaction funded through a mix of debt facilities, with significant support from cornerstone shareholders and no upfront equity dilution.
• Materially accretive on all key operating and financial per-share metrics benefiting all existing shareholders.
• Builds on Orla’s established track record of development and operating success and is aligned with Orla’s strategy for growth and value creation.

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Musselwhite Overview:

• Musselwhite is a producing, underground gold mine located on the shore of Opapimiskan Lake in Northwestern Ontario. It has been in operation for over 25 years, having produced close to 6 million ounces of gold to date, with a long history of resource growth and conversion.
• At December 31, 2023, proven and probable gold reserves contained 1.5 million ounces (7.4 million tonnes at grade of 6.23 g/t Au) within a measured and indicated resource² of 1.8 million ounces (9.52 million tonnes at 5.78 g/t Au) and an inferred resource of 0.19 million ounces (1.2 million tonnes at 4.96 g/t Au).
• Orla commissioned an independent NI 43-101 technical report for Musselwhite in connection with the Transaction. Based only on the current reserves, Musselwhite has a seven year mine life (2024-2030) with average annual gold production of 202 koz at $1,269/oz all-in sustaining cost (“AISC”)³
• The NPV5% at January 1, 2025, of Musselwhite is estimated at $760 million using a flat $2,150 gold price and increases to approximately $1 billion using a flat $2,500 flat gold price. Significant opportunities exist to optimize the operation and extend mine life though known extensions of the ore body.
• The Company intends to aggressively explore the 65,000-hectare concession, including following up on historical drilling that suggests 2 to 3 kilometers of mineralized strike potential beyond the current reserves.
• Additionally, the CIP processing facility has a nameplate capacity of 1.5 Mtpa with only 1.0 Mtpa currently being utilized, which allows Orla the opportunity to fill excess mill capacity through new discoveries and increased mining rates.

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Jason Simpson, President & Chief Executive Officer of Orla stated,

“This acquisition is a significant milestone for Orla Mining. It more than doubles our annual production, while providing us with a presence in Ontario, Canada, one of the premier mining jurisdictions in the world and where I began my career.

“We intend to not only continue to operate Musselwhite, but to seek optimization opportunities and to invest in its future, grow its reserves and resources, and extend its mine life. The mine has a proven history of successful production, cash generation, and reserve replacement, having consistently added to mine life.

“We have been impressed with the operating team at Musselwhite, which runs an exceptional mine and has developed positive and strong ties with First Nations, local partners, and community members. We are fully committed to respecting and growing these relationships.

“Thanks to our shareholders, notably Pierre Lassonde and Prem Watsa of Fairfax, and our banking and financial partners, for their continued support as we strive to elevate Orla into an even stronger and more robust mining company.

“We are also grateful to Newmont for their trust in our vision and commitment to sustainability. We intend to be responsible stewards of Musselwhite, creating a legacy of excellence, respect, and value for all stakeholders.”  

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The live gold price can be found HERE

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.

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Westgold Resources (ASX / TSX: WGX)

Announced a Mineral Resource Estimate update for the Bluebird – South Junction mining complex within Westgold’s Murchison business at Meekatharra.

The Bluebird – South Junction Mineral Resource Estimate (MRE) grows to15Mt at 2.9g/t Au for 1.4Moz – a 37% increase.

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Westgold’s Bluebird – South Junction Mineral Resource Grows to 1.4Moz

65% increase in Measured and Indicated Resources to 8.7Mt @ 2.9g/t Au for 814koz

Perth, Western Australia, 18 November 2024: Westgold Resources Limited (ASX / TSX: WGX, OTCQX: WGXRF – Westgold or the Company) is pleased to announce a Mineral Resource Estimate update for the Bluebird – South Junction mining complex within Westgold’s Murchison business at Meekatharra.

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Highlights

Bluebird – South Junction Mineral Resource Estimate (MRE) grows to
15Mt at 2.9g/t Au for 1.4Moz – a 37% increase.
■ 65% increase in Measured and Indicated Resources – Measured and Indicated
component now 8.7Mt at 2.9g/t Au 814koz.
■ Mining study underway – with a view to updating the Bluebird – South Junction Ore
Reserve during Q2, FY25.
Drilling program extended
■ Two surface rigs and two underground drill rigs committed into 2025 – all parts
of the mineralised system remain open at depth and to the south along strike.
■ Drilling objectives are to extend and infill the system – providing data for
optimisation of mine infrastructure positioning.
Polar Star access being accelerated
■ Study underway considering second portal access – to allow for rapid drill-out of
the Polar Star Lode within the Bluebird-South Junction mining complex.
■ Second portal may convert to production decline – providing access to a third
mining front, lifting mine outputs and deconstraining current Bluebird – South
Junction mine plan from future mining at Polar Star.

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Westgold Managing Director and CEO Wayne Bramwell commented:

“With 1.4Moz in resource and growing Bluebird-South Junction has now confirmed its status as the key growth driver in Westgold’s Murchison business.

 

“In under 18 months, the team has moved a simple uphole bench mine producing at 40kt a month, towards a 110kt a month mine with a highly efficient transverse primary / secondary mining sequence.

 

“This transition is built upon continued investment in drilling delivering a 240% increase in the Mineral Resource base.

“The significant upgrade in both total Mineral Resource and the Measured and Indicated component of the Mineral Resource Estimate has enabled mining studies to advance, and we anticipate an increase in the associated Ore Reserve over and above the currently reported 277koz.

 

“This increase is expected to be delivered during H2, FY25.

 

“In FY25 Westgold has unleashed the drills. In the Southern Goldfields preliminary works to support a seventh underground drill rig at Beta Hunt are underway, and the first resource development drilling program under Westgold ownership has commenced at the Lake Cowan project at Higginsville, with a view to providing a new source of feed to the Higginsville mill.”

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The live gold price can be found HERE

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 Westgold.

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Cabral Gold (TSX.V: CBR)

Announced trench results from the Jerimum Cima target and the identification of a fifth gold-in-oxide blanket within the Cuiú Cuiú Gold District, Brazil.

Highlights included surface trench CT050 at the Jerimum Cima target returned 18m @ 1.9 g/t gold including 1m @ 22.8 g/t gold in weathered gold-in-oxide blanket material at surface, at Cuiú Cuiú.

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Cabral Gold Identifies Fifth Gold-in-Oxide Blanket and Trenches 18M @ 1.9 g/t Gold on Surface at the Jerimum Cima Target, Cuiú Cuiú Gold District, Brazil

14th November 2024

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City Investors Circle.

I attended the London 121 Conference today after having to miss yesterday due to illness, and was surprised how quiet it seemed.

Given the recent strong run in producing gold stocks I expected a busier event.

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City Investors Circle – 121 Mining Coference, London

I attended the London 121 Conference today after having to miss yesterday due to illness, and was surprised how quiet it seemed.

Given the recent strong run in producing gold stocks I expected a busier event. I realise it was the second day, and they are often quieter, but it still seemed quiet to me.

Talking to some of the booth holders some complained about only having a few meetings today, but of course it’s the quality of the meeting rather than the quantity that really counts of course.

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I managed to catch up with a few companies I have a sharehoding in, and a couple of others that are on the watch very closely list.

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I met with the following companies;

Astral Resources (ASX: AAR)

Two projects in Western Australia. with nearly 1.5 million ounces of gold, oprn pit.

Well financed, with an experienced managaement team who have delivered before.

Angus Gold (TSX.V: GUS)

Has some very prospective properties sandwiched between Wedome’s Eagle River Mine and Mishi mine.  A bit ealry stage but hunting for elephants in elephant country.

This is a story I have been following for a while and the company is on our tier 3 watchlist.

Barton Gold (ASX: BGD)

Alex made another polished presentation, where he elucidated the plan moving forward. Essentially BArton have two distinct areas, an early stage production scenario with a permitted mill, and a longer term production and development story.

Lavras Gold (TSX.V: LGC)

Based in southern Brazil, Lavras made a major gold discovery at Fazenda do Posto.

The management team are experienced, and their Butia and Farenzo deposits are open to expansion. Tight share structure.

Thesis Gold (TSX.V: TAU)

A company I invested in after a water cooler meeting a couple of years ago. CEO Ewen Webster is Scottish, and comes across as highly credible and honest.

Thesis are quietly growing their projects, working in a methodical way, nothing flash or promotional here.

Strikepoint Gold (TSX.V: SKP)

A company I invested in last year after meeting them at PDAC. Nevada based exploration.  After a decent drill hit, later follow up drilling disappointed, so the stock is now trading around 40% down on my investment price. They now have a new project, Hercules, also in Nevada, which they’re looking to fund with another financing.

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And that was my day. Had I not been ill yesterday I would have had more meetings, but I managed to meet all the companies I wanted to meet.

I had to cancel G Mining Ventures so I could catch an earlier train home, but I’m meeting them in Zurich next week anyway.

I was extremely disappointed with West Red Lake Gold Mines, who cancelled a meeting at the last minute. No doubt I was bumped for a “bigger player”.

I am a shareholder, and would have expected them to act in a more professional manner. I could have shared the slot, I’ve done that before and it works fine.

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The venue is fine, plenty of space and food and refreshements were plentiful.

I discovered a better way to travel there, by going to Aldgate Tube Station, and it’s a four or five minute walk at the most. It’s an easier route than trying to find your way from Liverpool Street, if you’re not familiar with the city.

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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 Westgold.

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Westgold (ASX / TSX: WGX)

Reported that the Starlight Mineral Resource Grew by 91%, with 12.9Mt @ 2.7g/t Au for 1.13Moz demonstrates potential for production growth and extended mine life.

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Westgold – Starlight Mineral Resource Grows by 91%

12.9Mt @ 2.7g/t Au for 1.13Moz demonstrates potential for production growth and extended mine life.

Perth, Western Australia, 13 November 2024: Westgold Resources Limited (ASX: WGX, TSX: WGX, OTCQX: WGXRF – Westgold or the Company) is pleased to provide this update on the reevaluation of the company’s Fortnum Project in the Murchison.

Highlights

Starlight Mineral Resource Estimate now 12.9Mt at 2.7g/t Au for 1.13Moz of gold – a
91% increase since June 2024.

The expanded Mineral Resource Estimate is the result of concerted 2-year drilling
program – focused on expanding the Mineral Resource to provide options for future
growth at Fortnum.

The expanded Starlight Mineral Resource Estimate comprises two components:
 An underground Mineral Resource of 8.7Mt @ 3.0g/t for 840koz – a 43% increase
since June 2024, following a 41% increase in the year to June 2024.
 A newly estimated Open Pit Mineral Resource of 4.2Mt @ 2.2g/t au for 290koz.
The new enlarged Mineral Resource has seen Westgold initiate a Scoping Study to
investigate expansion options (both underground and open pit) at Fortnum.
 The Fortnum Expansion Project (FXP) Scoping Study is progressing with results to
be reported in Q2, FY25.

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Westgold Managing Director and CEO Wayne Bramwell commented:

“A 91% increase in the Mineral Resource Estimate at Starlight marks two significant milestones for Westgold and the Fortnum Project.

 

“Our technical team has drilled continuously for two years to extend mine life and has now defined Mineral Resources that offer the potential to integrate both open pit and underground mining to expand Fortnum production.

 

 

“Importantly, this result demonstrates the organic growth pportunities that exist within Westgold’s portfolio.

 

“Westgold has commenced a Scoping Study to evaluate expansion options with results of the Fortnum Expansion Project (FXP) study due in Q2, FY25.”

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The live gold price can be found HERE

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 Westgold.

.

Thesis Gold (TSX.V: TAU)

Announced a new discovery at the Ring Zone within its 100%-owned, road-accessible Lawyers-Ranch Project in the Toodoggone mining district of northern British Columbia.

This initial drilling program has intersected high-grade mineralization near surface, supporting the potential for new, high-grade deposits to compliment those already outlined in the recently updated PEA.

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Vancouver, British Columbia–(Newsfile Corp. – November 13, 2024) – Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (“Thesis” or the “Company”) is pleased to announce a new discovery at the Ring Zone within its 100%-owned, road-accessible Lawyers-Ranch Project in the Toodoggone mining district of northern British Columbia.

In the 2024 field season, Thesis Gold gained valuable technical insights through drilling two new exploration zones: the Ring Zone and the Golden Furlong target.

The new discovery at the Ring Zone demonstrates the success of Thesis Gold’s exploration strategy, which integrates structural analysis, geochemistry, and geophysics to identify high-priority drill targets.

This initial drilling program has intersected high-grade mineralization near surface, supporting the potential for new, high-grade deposits to compliment those already outlined in the recently updated Preliminary Economic Assessment (PEA) by Church et al. (2024).

The Ring Zone discovery, along with other similar untested prospects, have the potential to drive resource growth, extend mine life, and contribute additional high-impact near surface ounces early in potential future mine operations-further strengthening project economics highlighted by an after-tax NPV 5% of C$1.28 billion, an IRR of 35.2%, and a 2.0-year payback period (see Sept. 5th news release).

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Highlights

New, Blind Discovery:Near surface high grade Ring Zone mineralization (Table 1).
Drillhole 24RNGDD001 intersected 1.21 grams per tonne gold (g/t Au) over 13.13 metres (m) including 0.45 m of 5.92 g/t Au beginning at 28.47 m.

• • This hole also intersected 3 m of 2.22 g/t Au beginning at 36 m downhole.
  • 24RNGDD002 intersected 1.00 m of 11.32 g/t Au beginning at 55.20 m downhole.
  • 24RNGDD003 intersected 1.85 m of 3.49 g/t Au beginning at 27.15 m downhole

Significant Exploration Potential: The Ring Zone and Golden Furlong are situated within a 40 km2 alteration footprint that contains >20 targets, many of which have never been drill tested.

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Next steps

2025 Follow-Up Drilling: Drill planning is already underway to follow up on this successful discovery, in addition to other zones and new targets at Ranch.
Environmental Impact Assessment (EIA): Near competition of environmental baseline work at the Lawyers-Ranch project means the company, working closely with its First Nation partners, is on track to enter the environmental impact assessment (EIA) process in 2025.

Preliminary Feasibility Study (PFS): All work is completed to commence the PFS in early 2025.

 

 

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Ewan Webster, President and CEO, shared, 

 

“The discovery at the Ring Zone highlights the untapped exploration potential remaining at Ranch.

 

“With robust PEA results from our 4.7 Moz deposit, these latest results confirm significant exploration upside within the main resource area, which also remains open for expansion.

 

“This discovery underscores our technical team’s ability to leverage data to target near-surface, high-grade zones and opens the door to future discoveries across this expansive land package.”

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Figure 1 – Oblique view of Ring Zone target.

To view an enhanced version of this graphic, please visit here

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To read the full news release, please click HERE

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To View Thesis Gold’s historical news, please click here

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The live gold price can be found HERE

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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 Thesis Gold.

.

To read our full terms and conditions, please click HERE

Ora Banda Mining (ASX: OBM)

Published a new corporate presentation on November 8th 2024.

OBM is one of the fastest growing ASX mining stocks in 2024.

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Ora Banda minesite, Western Australia

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Ora Banda Mining Publishes a New Investor Presentation

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Ora Banda Mining (ASX: OBM)

Published a new corporate presentation on November 8th 2024.

OBM is one of the fastest growing ASX mining stocks in 2024.

The new presentation can be viewed HERE

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To read the full news release, please click HERE

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Barton Gold (ASX: BGD)

Confirmed that its regional AC drilling program has moved to the Company’s South Australian Tarcoola Gold Project (Tarcoola), targeting the new ‘Tolmer’ gold system recently confirmed by high-grade assays.

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Barton Gold Follow Up Aircore Drilling Starts at New Tolmer Gold System

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Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to confirm that its regional AC drilling program has moved to the Company’s South Australian Tarcoola Gold Project (Tarcoola), targeting the new ‘Tolmer’ gold system recently confirmed by high-grade assays.

HIGHLIGHTS

• ~8,500m aircore (AC) drilling completed to date at Tarcoola’s Lake Labyrinth Shear Zone (LLSZ)
• Start of Tolmer drilling follows recent high-grade assays confirming new Tolmer gold system.

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Barton MD Alexander Scanlon said:

“We are steadily mapping out the commercial pathway for potential ‘Stage 1’ Tarcoola operations using our fully permitted Central Gawler Mill, followed by ‘Stage 2’ expansion into the adjacent 130,000ozpa Tunkillia Gold Project with the construction of a second mill.

“As each of these commercial platforms offers greater value to new regional mineralisation, we remain focused on unlocking the scale potential of our strategic asset package.”

Background

During March to July 2024 Barton completed a total ~11,250m reverse circulation (RC) drilling across targets from its latest Tarcoola structural interpretations, including the Perseverance open pit mine and targets to the west.

Following this drilling, Barton confirmed a JORC Mineral Resources Estimate (MRE) of
~20koz Au @ ~2 g/t Au in the Perseverance Mine’s open pit floor.

Drilling also intersected gold mineralisation across neighbouring targets including School, Old Flame, Warburton, with new high-grade assay results confirming a newly interpreted gold mineralised system at Tolmer comprised of quartz sulphide veining hosted within broader zones of alteration.

An initial ~2,000m drilling program is planned to test the potential strike of Tolmer alteration zone(s) in the vicinity of recent high grade assay results including intervals of 4m @ 24.6 g/t, 9m @ 3.92 g/t, 14m @ 1.41 g/t and 5m @ 3.15 g/t.4

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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.

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Disclosure

At the time of writing the author holds shares in Barton Gold

To read our full terms and conditions, please click HERE

West Red Lake Gold Mines (TSX.V: WRLG)

Provided an update on restart readiness activities at the Madsen Mine project in Red Lake, Ontario.

Advancing multiple projects and goals simultaneously in preparation for restart means the Madsen Mine site is a busy place.

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West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSXV: WRLG) (OTCQB: WRLGF)is pleased to provide an update on restart readiness activities at the Madsen Mine project in Red Lake, Ontario.

 

 

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Shane Williams, President and CEO said,

“Advancing multiple projects and goals simultaneously in preparation for restart means the Madsen Mine site is a busy place,.

 

“The tailings dam lift is now complete and came in ahead of schedule and under budget, which is a great example of how strong alignment and effective communication between contractors, site personnel, and management can yield positive results.

 

“This accomplishment sets the standard for delivery of all projects at the Madsen operation as we move through the redevelopment phase and towards our goal of a full mine restart next year.

 

“We look forward to issuing a pre-feasibility study in the coming weeks and then pushing ahead to an official restart decision.”

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Pre-Feasibility Study

The Company is working with SRK Consulting to complete a pre-feasibility study (“PFS”) for the restart of the Madsen mine. The study is nearing completion; West Red Lake Gold expects to announce PFS results within one month.

The PFS will be the basis of the Madsen Mine restart. Regulations require companies to define initial reserves on a project via a PFS and this applies to the Madsen project today under West Red Lake Gold.

However, there are three reasons why the Company believes the Madsen PFS will be an accurate, comprehensive, and sufficient plan for the mine restart.

1. Real Costing: Operating underground at the Madsen Mine for the last year means West Red Lake Gold has good understanding of real costs, from blasting, mucking, and moving a tonne of material to running a consistent definition drill program to operating the water treatment facility. In addition, the mill operated only two years ago, so costs for that facility are also well understood. Most pre-feasibility studies rely on estimates for key costs; the Madsen Mine PFS will have actual costs for most parameters.
2. Final Engineering: the Madsen Mine is essentially built. Most pre-feasibility studies include as-yet unanswered questions on important aspects; examples include full definition of processing flowsheets or mining methods or tailings facility design or human resource requirements. With the mine having operated only a few years ago and with West Red Lake Gold having studied and remedied many of the issues from that period over the last 18 months, there are very few outstanding engineering questions at Madsen.
3. Detailed Mine Plan: pre-feasibility studies are conventionally completed before definition drilling into a deposit is complete. For underground mines, this means a PFS predates a detailed mine design, which is a list of stope-defined targeted mining areas with engineered access. West Red Lake Gold has built a detailed mine design for the first 18 months of operation (approximately 100,000 ounces of production) and intends to have 24 months of stope-defined mineable inventory defined prior to restart, which is targeted for mid-2025. This level of operational readiness is unusual alongside a PFS.

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Tailings Dam Lift

The project to increase the height of the tailings dam by four feet was completed on October 8^th, a week ahead of schedule. The total cost came in approximately 18% under the expected budget.

This lift creates enough additional capacity in the tailings facility to accommodate more than 5 years of mining at a rate of 800 tonnes per day, which is the nameplate throughput of the Madsen mill.

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Aerial view of the tailings dam lift project at completion.

 

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To read the full news release please click HERE

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To View West Red Lake’s historical news, please click here

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The live Spot gold price can be found HERE

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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 West Red Lake Gold Mines.

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To read our full terms and conditions, please click HERE

G Mining Ventures (TSX: GMIN)

Announced that Franco-Nevada Corporation has agreed to exercise by no later than December 4, 2024, the 11,500,000 common share purchase warrants issued to them in connection with the Corporation’s Tocantinzinhoproject financing package announced in 2022.

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Vincent-Luc Authier, Construction Manager at TZ with the First Gold Bar Poured at the Mine (G Mining Ventures Corp)

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G Mining Ventures Announces Proposed Exercise of Share Purchase
Warrants Held by Franco-Nevada

BROSSARD, QC, Nov. 6, 2024 /CNW/ – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN) (OTCQX: GMINF) is pleased to announce that
Franco-Nevada Corporation (“Franco-Nevada”) has agreed to exercise by no later than December 4, 2024, the 11,500,000 common share purchase warrants (“Warrants”) issued to them in connection with the Corporation’s Tocantinzinho (“TZ”) project financing package announced in 2022 (see press releases dated July 18, 2022 and July 22, 2022).

Pursuant to the proposed exercise, the Corporation will issue 2,875,000 common shares to Franco-Nevada for aggregate gross proceeds of $21.85 million.

Each Warrant entitles Franco-Nevada to acquire 0.25 of a common share of GMIN at an exercise price of $1.90 per 0.25 of a share, equivalent to $7.60 per whole share, on or before the expiry date of July 21, 2027. Under the terms of the Warrants, the Corporation is permitted to accelerate the expiry date if its shares have traded on the Toronto Stock Exchange at a volume-weighted average price of greater than $12.00 for a period of 10 consecutive trading days (the “Acceleration Event”).

The Acceleration Event has been realized as of October 31, 2024, and, as a result, the Corporation has elected to accelerate the expiry date to December 4, 2024.

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Louis-Pierre Gignac, President & Chief Executive Officer of GMIN stated,

“We are pleased to announce this warrant acceleration and exercise, a testament to GMIN’s commitment to delivering shareholder value, underpinned by our successful execution of the Tocantinzinho mine construction and strict capital discipline.

 

“We deeply appreciate Franco-Nevada’s steadfast support and confidence in our vision.

 

“Their partnership was instrumental in achieving the milestone of TZ’s first gold pour and reaching commercial production in 2024, on schedule and within budget.”

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History

Franco-Nevada invested US$352.2 million in development capital for GMIN’s TZ project in Brazil.

This investment included a US$27.5 million equity investment, a US$250 million gold stream and a US$75 million senior secured term loan.

The equity portion of the investment was made at $3.20 per share, representing a
23% premium to the closing price on the day before the deal announcement ($2.60 per share).

The $12.00 per share required to trigger the Acceleration Event represents a 275% premium to the $3.20 per share equity investment and a 362% premium to the closing price on the day before the deal announcement.

Upon exercise of these Warrants, GMIN will have eliminated all warrant instruments, marking a significant milestone in the Corporation’s capital structure and growth trajectory.

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To read the full news release, please click HERE

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Colonial Coal (TSX.V: CAD)

Simply Wall Street research has highlighted Colonial Coal as “one of three stocks to consider” in a recent research report.

CAD’s price has fallen back recentlyas the price of coking coal has weakened, but has started to climb again in the last few weeks, highlighting an undervaluation opportunity.

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Colonial Coal – Site visit at the Huguenot property, British Columbia.

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Colonial Coal Highlighted by Simply Wall St.

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Colonial Coal (TSX.V: CAD) Simply Wall Street research has highlighted Colonial Coal as “one of three stocks to consider” in a recent research report.

CAD’s price has fallen back recently as the price of coking coal has weakened, but has started to climb again in the last few weeks, as a result of incressing Chinese industrial activity, highlighting an undervaluation opportunity.

There has been speculation that Colonial is the target of M and A activity as the metallurgical coal sector is going through a lot of corporate activity.

A run in the coking coal price might just be the catalyst to attract that initial bid.

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Cabral Gold Inc. (TSX.V: CBR)

Announced a positive Prefeasibility Study (“PFS”) on the development of near-surface gold-in-oxide material at the Cuiú Cuiú gold district in Brazil.

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Cabral Gold Announces Positive Prefeasibility Study on the Gold-in-Oxide Starter Operation at the Cuiú Cuiú Gold Project, Brazil with After-Tax IRR of 47.3%

21st October 2024

Capricorn Metals (ASX: CMM)

Announced it has received firm commitments for an institutional placement of new fully paid shares to raise $200 million (before costs) at an issue price of $6.00 per share.

The placement was strongly supported by existing institutional shareholders.

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Capricorn Metals Karlawinda Mine

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CAPRICORN RAISES $200 MILLION TO DELIVER KARLAWINDA EXPANSION PROJECT And MT. GIBSON DEVELOPMENT

Capricorn Metals (ASX:CMM) (Capricorn or the Company) is pleased to announce it has received firm commitments for an institutional placement of new fully paid shares to raise $200 million (before costs) at an issue price of $6.00 per share.

The placement was strongly supported by existing institutional shareholders and new high quality Australian and international institutional investors.

The placement proceeds, together with current cash reserves and the expected future free cash flow generated from Karlawinda, are expected to fully fund the development of the KEP and MGGP.

• Capricorn has received firm commitments for an institutional placement to raise a total of $200 million (before costs)
• Placement issue price of $6.00 per share, representing a discount of 4.9% to the last closing price of $6.31 and a 5.8% discount to the 5-day trading volume weighted average market price (VWAP) of $6.37.
• Bookbuild saw significant demand from leading institutional investors both domestically and internationally, with strong support from existing institutional shareholders.
• Proceeds from the placement will be used to fund:
o Development of the Karlawinda Expansion Project (KEP) through a 2.5Mtpa
increase in processing capacity to 6.5Mtpa to increase gold production at the
project to 150,000 ounces per annum;
o Detailed plant design, engineering & drawings and long lead equipment purchasing
where advantageous at both the KEP and the Mt Gibson Gold Project (MGGP);
o Accelerated exploration at MGGP aimed at continued resource and reserve growth
along with expediting drilling focussed on areas of the resource and beyond
presenting potential underground resource and mining opportunities; and
o Working capital and balance sheet strength to provide optionality around debt
repayment and further gold hedging closures.
• Development of both KEP and MGGP expected to be fully funded – no further debt or
mandatory gold hedging expected to be required.
• Development of the KEP and MGGP will see Capricorn on a path to >300,0001 ounces gold production per annum, with operating costs in the lowest quartile of the Australian gold mining industry.

This growth is underpinned by Capricorn’s 3.3Moz reserve base at two quality projects with long mine lives (10 years) in the tier one location of Western Australia.

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This underpins Capricorn’s clear development pathway to become a 300,000 ounce per annum gold producer.
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Placement Details

The Company has received firm commitments from sophisticated and professional investors under the Placement to raise approximately $200 million (before costs) through the issue of 33,333,334 shares at an issue price of $6.00 per share.

The issue price of $6.00 per share represents a 4.9% discount to Capricorn’s last traded price of $6.31 on Tuesday, 29 October 2024, and a 5.8% discount to Capricorn’s 5-day VWAP of $6.37.

Capricorn shares are expected to resume trading on the ASX from market open today, Friday 1 November 2024. Settlement of the new shares is expected to occur on 7 November 2024, with allotment on 8 November 2024.

Upon completion of the placement the 33,333,334 new shares will represent approximately 8.8% of the expanded share capital of the Company.

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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 Capricorn Metals

.

To read our full terms and conditions, please click HERE

.