Thesis Gold Receives Amended 5-Year Exploration Permit

Thesis Gold (TSXV: TAU)

Announced the receipt of an amended Mines Act permit at its 100% owned Lawyers-Ranch Project in the prolific Toodoggone Mining District of northern British Columbia.

 

 

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Thesis Gold

 

 

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Thesis Gold TSX.v : TAU
Stage Exploration
Metals Gold
Market cap C$108 m   @ 68 cents
Location British Columbia, Canada
Website thesisgold.com

 

 

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Thesis Gold Receives Amended 5-Year Exploration Permit

 

 

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Vancouver, British Columbia–(Newsfile Corp. – August 8, 2024) – Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (“Thesis” or the “Company“) is pleased to announce the receipt of an amended Mines Act permit (the “Permit“) at its 100% owned Lawyers-Ranch Project in the prolific Toodoggone Mining District of northern British Columbia.

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Highlights

  • 5-year Multi-Year-Area-Based (MYAB) Exploration & Mine Permit: A property wide MYAB permit has been authorized by the Ministry of Energy and Mines of British Columbia for the ongoing drilling and exploration activities to be conducted on the Lawyers-Ranch Project
  • Approved Activities:
    • Permitted drilling sites: 3900
      • Geotechnical drilling sites: 46
    • Exploration trails/access: 260 kilometres
      • Additional 20 km of access modifications
    • Fuel storage: 225,000 litres
    • Test Pits: 100

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With these approvals in place, Thesis is well-positioned to continue advancing geotechnical and exploration activities. The permitted drill site allowances and exploration access are crucial for ongoing project exploration, while the permitted geotechnical sites and test pits will lay the groundwork for engineering studies at Ranch.

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Dr. Ewan Webster, President and CEO of Thesis Gold Inc. said;

“Our receipt of the amended 5-year exploration permit marks a significant milestone for Thesis Gold.

 

“This permit enables us to systematically advance our exploration and engineering efforts. With the ability to conduct extensive drilling, expand our access, and continue our comprehensive geological and environmental studies. 

 

“We are well-positioned to unlock the full potential of this prolific mining district. Additionally, the upcoming release of our Preliminary Economic Assessment (PEA) will be a major catalyst, providing valuable perspective into the project’s economic potential.

 

“We remain committed to responsible and sustainable exploration as we drive towards our goal of advancing a world-class gold project.”

 

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Ongoing Geological, Engineering, and Environmental Work: Over 10,000 metres of drilling focused on resource upgrading and expansion at both project areas, including undrilled prospects at Ranch; field mapping and prospecting at new claims; ongoing geochemical sampling and geotechnical drilling to support potential mine design; additional metallurgical studies; and continued environmental baseline data collection and monitoring at Lawyers and Ranch.

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To read the full news release please click HERE

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Lve metal prices 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

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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 Thesis Gold.

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To read our full terms and conditions, please click HERE




Colonial Coal Featured in new Streetwise Report

Colonial Coal (TSX.V: CAD)

Colonial Coal have been featured in a new research report by Streetwise.

The article features up to date research on the metallurgical coal industry.

 

 

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Colonial Coal Peace River panorama

Colonial Coal – Site visit at the Huguenot property

 

 

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Colonial Coal TSX.v : CAD
Stage Exploration
Metals Metallurgical coal
Market cap C$533m   @ C$2.96
Location British Columbia, Canada
Website www.ccoal.ca

 

 

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Colonial Coal Featured in new Streetwise Report

 

 

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Colonial Coal (TSX.V: CAD) have been featured in a new research report by Streetwise.

The article features up to date research on the metallurgical coal industry.

To read the article, please click HERE

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To read the full news release please click HERE

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Live metal prices 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

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=======

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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 Colonial Coal.

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To read our full terms and conditions, please click HERE

 

 




Calibre Announces Approval For The Berry Pit at Valentine

Calibre Mining (TSX: CXB)

Announced that the Minister of Environment and Climate Change Canada, has approved the addition of a third open pit, the Berry Deposit at its 100% owned Valentine Gold Mine. 

 

 

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Calibre Mining

 

 

 

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Calibre Mining TSX: CXB
Stage Production, development, exploration
Metals Gold
Market cap C$1.7 Billion @ C$2.15
Location Canada, Nicaragua, USA
Website www.calibremining.com
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Aug 6, 2024

CALIBRE ANNOUNCES RECEIPT OF THE FEDERAL ENVIRONMENTAL ASSESSMENT APPROVAL FOR THE BERRY PIT AT THE VALENTINE GOLD MINE, NEWFOUNDLAND & LABRADOR, CANADA

 

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VANCOUVER, British Columbia, Aug. 06, 2024 (GLOBE NEWSWIRE) —Calibre Mining Corp.( TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce that the Honorable Steven Guilbeault, Minister of Environment and Climate Change Canada, has approved the addition of a third open pit, the Berry Deposit (“Berry Pit”), at its 100% owned Valentine Gold Mine (“Valentine”).

In August 2023, an environmental assessment update was submitted to the Impact Assessment Agency of Canada (“IAAC”) regarding proposed changes to Valentine to include the Berry Pit, and associated infrastructure changes.

Following IAAC’s thorough analysis of the submitted update, including the results of consultation with Indigenous groups, communities, stakeholder organizations, and reviewing the results of IAAC’s public comment process, Minister Guilbeault signed an Amended Decision Statement approving the addition of the Berry Pit.

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Darren Hall, President and Chief Executive Officer of Calibre, stated:

“I am pleased to announce that we have obtained Federal Environmental approval for the development of the Berry Pit at Valentine.

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“With this approval and the recent issuance of Provincial mining and surface leases for Berry and associated infrastructure, we now have the major approvals required for the three-pit mine plan included in the 2022 Feasibility Study.

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“Since acquiring Valentine in January, we have progressed engineering to 98%, advanced construction from 50% to 77%, and employed an experienced operations team, positioning us to deliver first gold in Q2, 2025.”

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To read the full news release please click HERE

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Lve metal prices 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

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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 Calibre Mining.

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Calidus Resources Update from the Receivers and Managers

Calidus Resources (ASX: CAI)

Commencing on Monday, 5 August 2024, the Receivers and Managers will be seeking
urgent expressions of interest for the acquisition and/or recapitalisation of Calidus
Resources Limited.

 

 

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Calidus Resources

Calidus Resources commemorative coin

 

Calidus Resources Update from the Receivers and Managers and Addendum to June 2024 Quarterly

 

Please see below an update from the Receivers and Managers and addendum to the June 2024 Quarterly lodged on the ASX on 30 July 2024.

 

Sale / recapitalisation process

• Commencing on Monday, 5 August 2024, the Receivers and Managers will be seeking
urgent expressions of interest for the acquisition and/or recapitalisation of Calidus
Resources Limited.
• The opportunity includes the acquisition of some or all of the project assets, including
the Warrawoona project, the Nullagine project and a number of other satellite
deposits with significant upside potential.
• To be part of the sale process, interested parties should please contact the Receivers
and Managers to lodge their expression of interest.
Update on operations
• After a successful trial over a five-day period of the low grade ore on the ROM (which
resulted in an average grade of c. 0.43g/t and an average recovery of c. 94.0% through
the mill), the Receivers and Managers have commenced the processing of the c. 1.3MT
of low-grade ROM stock. This process is expected to be completed by the end of the
calendar year and generate positive cash flows.
• In addition, the Receivers and Managers are evaluating a decision to mine and process additional ore from Blue Bar.
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To read the full news release, please click 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

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=======

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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 Calidus Resources.

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To read our full terms and conditions, please click HERE

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Karora and Westgold Complete Merger

Karora Resources (TSX: KRR)

Westgold Resources Limited (ASX: WGX) and Karora Resources announced the completion of the merger of Westgold and Karora to create a leading mid-tier gold producer and international gold company expected to be dual listed on the ASX and TSX. 

 

 

 

 

 

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Karora Resources

 

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Karora Resources TSX: KRR
Stage Production + Development + Exploration
Metals Gold + Nickel
Market cap C$1.23 Billion @ C$6.89
Location Kalgoorlie, Western Australia
Website karoraresources.com

 

 

 

WESTGOLD AND KARORA COMPLETE MERGER

 

TORONTO and PERTH, Australia,Aug. 1, 2024/CNW/ – Westgold Resources Limited (ASX: WGX; OTCQX: WGXRFWestgoldor theCompany) and Karora Resources Inc. (TSX: KRR; OTCQX: KRRGFKarora) are pleased to announce the completion of the merger of Westgold and Karora to create a leading mid-tier gold producer and international gold company expected to be dual listed on the Australian Securities Exchange (ASX) and Toronto Stock Exchange (TSX).

Westgold has acquired 100% of the issued and outstanding shares of Karora (Karora Shares) by way of a statutory plan of arrangement under the Canada Business Corporations Act (theArrangement). The merger creates a larger, more diversified and, subject to the final approval of the TSX, dual listed gold company, which

  • is globally investable– a mid-tier gold producer operating exclusively inWestern Australiawith a highly complementary combination of mining and processing assets, people, and a robust balance sheet;
  • establishes a top five Australian gold producer (+400,000 ozpa)– with a pro forma market capitalisation of A$2.5 billion(C$2.3 billion1);
  • becomes one of the largest unhedged Australian gold producers– providing investors with full exposure to the gold price;
  • starts day one with an enviable pipeline of organic opportunities– including advanced greenfield, brownfield targets and exploration prospects across two of Australia’smost prolific gold fields;
  • provides enhanced capital markets profile– with increased scale, trading liquidity, and potential index inclusion for gold and generalist investors across ASX, TSX and OTCQX; and
  • is led by a highly experienced management team– supported by a combined board of accomplished mining professionals with a proven track record of maximising value for shareholders.

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Westgold Managing Director and CEO Wayne Bramwell said:

 

“Today marks the next phase of Westgold’s evolution into a larger, unhedged and well-funded Australian gold producer.

“Our value proposition is significantly enhanced with an expanded team, quality operating assets and an enviable pipeline of exploration prospects across two of Australia’s most productive gold fields.

“The merger with Karora upsizes our Western Australian operating platform – an extensive and established asset base that can be increasingly leveraged for free cash generation and growth.

“Westgold commences this new growth phase with a robust balance sheet and a plan focussed on realising a potential A$281 million(C$254 million2) in corporate cost savings and A$209 million(C$189 million2) in operating synergies.

“I am proud to officially welcome our new shareholders and the Karora team to Westgold.

“Together, as a combined entity, we are positioned to become a leading global mid-tier gold producer focused on building a long term and sustainable business that consistently delivers value to our shareholders.”

 

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Karora Chairman and CEO Paul Huet said:

“I am excited for the next chapter in what has been a terrific journey for our shareholders and the Karora team.

 

“The growth of the company from a single mine with no mill to a multi-mine producer with two processing facilities has led us along an upward trajectory for nearly six years.

 

“The combination of Karora and Westgold to create a new Westgold is a transformative step that will ensure growth continues as an unhedged gold producer in a historically robust gold market.

 

“The timing couldn’t be better in my opinion.

 

“I wish to thank all our shareholders and the entire Karora team for their support and efforts along the way. I look forward to the continued success as we join Westgold to create a stronger future for all our stakeholders.”

 

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Overview

Under the terms of the Arrangement, each former shareholder of Karora (a Karora Shareholder) is entitled to receive 2.524 Westgold fully paid ordinary shares (Westgold Shares), C$0.608( A$0.6732) in cash, and 0.30 of a share of Culico Metals Inc. (Culico), a new company “spun out” from Karora, for each Karora Share held immediately prior to the effective time of the Arrangement (the Consideration).

Culico’s assets comprise a 1% lithium royalty on certain mining interests held by Kali Metals Limited, the right to receive a deferred consideration payment due to Karora relating to the on-sale of the Dumont asset andA$10.9 million (C$9.8 million3) in cash.

On closing of the Arrangement, Culico is 100% owned by former Karora Shareholders.

The cash amount received by Culico from Karora includes A$5.360 million (C$4.840 million3), representing the negotiated economically equivalent value of Karora’s existing 22.1% interest in Kali Metals Limited. Due to regulatory restrictions on transfer, Westgold has retained Karora’s original 22.1% interest in Kali Metals Limited on completion of the Arrangement and paid the cash equivalent value to Culico in lieu of such interest.

The Westgold Shares are listed for trading on the ASX and, subject to final approval of the TSX, will commence trading on the TSX under the ticker symbol WGX at market open on 6 August 2024.

Karora has applied to de-list the Karora Shares from the TSX, and delisting is expected to be effective at market close on 2 August 2024.

Following the delisting of Karora, Westgold intends to apply for Karora to cease to be a reporting issuer under applicable Canadian securities laws.

 

 

 

To read the full news release 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 Karora Resources.

.

To read our full terms and conditions, please click HERE




Capricorn Expands KGP to 1.43 M Ounces of Gold

Capricorn Metals (ASX: CMM)

The Capricorn Board is pleased to announce that recent drilling at Bibra, the contiguous Southern Corridor deposit and Berwick at the KGP has contributed to a significant increase in the ORE to 1,428,000 ounces of gold.

 

 

Capricorn Metals Karlawinda Mine

Capricorn Metals Karlawinda Mine

 

 

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Capricorn Metals ASX: CMM
Stage Production, development, exploration
Metals Gold
Market cap A$2.1 B  @A$5.46
Location Western Australia
Website www.capmetals.com.au

 

 

KGP ORE RESERVE INCREASES TO 1.43 MILLION OUNCES, EXPANSION STUDY UNDERWAY

 

Capricorn Metals (ASX: CMM)

The Capricorn Board is pleased to announce that recent drilling at Bibra, the contiguous Southern Corridor deposit and Berwick at the KGP has contributed to a significant increase in the ORE to 1,428,000 ounces of gold.

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HIGHLIGHTS

• Karlawinda Gold Project (KGP) Ore Reserve Estimate (ORE) has increased by 15% to
1,428,000 ounces of gold from 1,247,000 ounces, an increase of 333,000 ounces (27%) after accounting for mining depletion.
• Capricorn group ORE increases to 3.3 million ounces.
• Based on the increased KGP ORE, Capricorn has initiated a study to consider a 2 – 2.5 million tonne per annum expansion of the (current 4.5mtpa) KGP operation. Study targeted for completion in Q2FY25.
• KGP Mineral Resource Estimate (MRE) has increased by 1% to 2,252,000 ounces from 2,228,000 ounces, an increase of 176,000 ounces (8%) after accounting for mining depletion.

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Updated Ore Reserve Estimate

The Capricorn Board is pleased to announce that recent drilling at Bibra, the contiguous Southern Corridor deposit and Berwick at the KGP has contributed to a significant increase in the ORE to 1,428,000 ounces of gold.

The drilling successfully targeted conversion of Inferred resources to Indicated in the area of the resource immediately down dip of the 2023 reserve pit design, underpinning significant conversion to reserves.

The KGP JORC compliant ORE has been updated to 57.7 million tonnes at 0.8g/t gold for 1,428,000 ounces of gold, an increase of 181,000 ounces from the March 2023 estimate of 49.2 million tonnes at 0.8g/t gold for 1,247,000 ounces.

 

Highlights of the reserve update include:

• The ORE has increased by 333,000 ounces (27%) to 1,428,000 ounces after mining depletion of 152,000 ounces;
• Stripping ratio (waste:ore) remains low at 4.6 (2023: 4.0);
• Pre-expansion life of mine in excess of 13 years;
• Estimate uses lower cut-off grades of 0.3g/t (laterite & oxide ore) and 0.4g/t (transition & fresh ore) and a gold price of A$2,200 per ounce (circa A$1,500/oz lower than current spot price of $3,700/oz) was used for the ORE pit shells;
• Mine scheduling will continue to deliver the >0.5g/t mined ore to the mill and the 0.3 – 0.5g/t mine ore to a stockpile for processing in later years of the project;
• The >0.5g/t ore within the ORE is 38.6 million tonnes at 0.95 g/t for 1,167,000 ounces;
• The updated estimate has been refined to reflect knowledge gained through the first 3 years of production and grade control data, further adding to the robustness of the ORE; and
• Maximum vertical depth of ORE open pit design is 310 metres (2023: 275m).

 

KGP Expansion Study

On the basis of the increased ORE underpinning a current mine life of 13 years, Capricorn has commenced work on an expansion study for the Karlawinda operation.

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The scope of the expansion study includes:

• Increase in throughput (currently 4.5mtpa) by 2 – 2.5 mtpa; and
• Mining studies to consider the optimal blend of additional ore supply from:
▪ Acceleration of the mining schedule to deliver an increase in direct run of mine ore; and
▪ Direct feed of lower grade ore currently being mined and stockpiled, eliminating the
significant rehandle and loading cost of treating stockpiled ore.

 

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Study focus areas will also include:
• Expanded processing plant flowsheet, configuration and installation logistics;
• Plant, infrastructure and associated capital costs;
• Mining schedule and fleet optimisation; and
• TSF expansion and other permitting requirements;

Work has already commenced on a number of these focus areas with a view to completing the study by the end of Q2FY25 and moving in to permitting and execution as expeditiously as possible thereafter in the event of a positive FID.

The Company sees the potential expansion of the well established and highly profitable KGP operation as a robust and valuable growth initiative.

 

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Updated Mineral Resource Estimate

The recent drilling has also contributed to an increase in the KGP Mineral Resource Estimate (MRE) to 2,252,000 ounces. The KGP JORC compliant MRE is 98.6 million tonnes at 0.7g/t gold for 2,252,000 ounces compared to the March 2023 estimate of 97.4 million tonnes at 0.7g/t gold for 2,228,000 ounces.

This is a 24,000 ounce (1%) increase before taking into account depletion, and a
176,000 ounce (8%) increase after depletion.

The MRE was estimated using a gold price of A$2,400 per ounce (circa A$1,160/oz lower than current spot price). It is very encouraging that the 824,000 ounces of the MRE that are currently not included in the ORE are primarily located immediately down dip of the current pit design.

 

 

Capricorn Executive Chairman Mark Clark commented:

“The increase in Karlawinda gold reserves to 1.43 million ounces is a remarkable testament to both the quality of the orebody and Capricorn’s operating team who have turned the deposit in to a very successful, low-cost gold mining operation.

 

“To still have a 13 year mine life after operating the mine for 3 years puts Capricorn in a very strong position relative to the mid-tier gold industry.

 

“The robust economics and long mine life of the project have underpinned Capricorn’s enthusiasm to complete
a study for a material expansion of the project to grow the production rate and further enhance the returns from the operation.”

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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

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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 Capricorn Metals.

.

To read our full terms and conditions, please click HERE




Market Review July 2024

Market Review July 2024

Highlights were the first gold pour by G Mining Ventures, and Calibre Mining’s progress at Valentine and Libertad in Nicaragua.

The low point was the administration of Calidus Resources.  BPM Minerals are the highlighted company.

 

 

Calibre Mining

 

 

City Investors Circle Market Review July 2024

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Highlights were the first gold pour by G Mining Ventures, and Calibre Mining’s progress at Valentine and Libertad in Nicaragua.

The low point was the administration of Calidus Resources.

BPM Minerals are the highlighted company.

 

The review includes a full up to date analysis of metal prices during 2024.

 

To read the July Monthly Review, please click HERE

 

To subscribe to future Reviews and to receive invites to our free to attend company presentations, please email andrew@city-investors-circle.com

 

The live Spot gold price can be found HERE

.

=======

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 shares in some of the companies mentioned.

.

To read our full terms and conditions, please click HERE




Yukon Government Assisting at Victoria Gold disaster Site

Victoria Gold (TSX: VGCX)

The Yukon governement are stepping up their relief efforts at the site of the Victoria Gold Eagle Mine heap leach disaster. 

 

 

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Victoria Gold

 

 

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Yukon Government Assisting at Victoria Gold disaster Site

 

 

Victoria Gold (TSX: VGCX) The Yukon governement are stepping up their relief efforts at the site of the Victoria Gold Eagle Mine heap leach disaster.

The company are keeping mum currently, and it seems responsibility for the disaster is slowly being transferred to the Yukon governement, after they stated the company were gehind in their commitments to the clean up efforts.

A statement by the Yukon governent can be read here

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A Mining.com article can be read here

 

As I have previously stated, I think Victoria Gold is finished as a mining company.

I believe they are finacially constrained due to the lenders declaring a debt default, and with no production producing cashflow and salaries and cleanup costs to pay,  I think the end will not be too long in coming 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

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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 no shares in Victoria Gold.

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To read our full terms and conditions, please click HERE




Gold Road Quarterly Results Conference Call

Gold Road (ASX: GOR)

Gold Road Resources Limited (the Company) advises the scheduled release of its
June 2024 quarterly report to the ASX on Wednesday, 31 July 2024.

 

 

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Gold Road Resources

Gold Road – Gruyere JV Gold Mine at night.

 

 

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Gold Road ASX : GOR
Stage Production   (50% JV)
Metals Gold
Market cap A$1.88 Billion   @ A$1.75
Location Laverton, Western Australia
Website www.goldroad.com.au

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GOLD ROAD JUNE 2024 QUARTERLY RESULTS CONFERENCE CALL

 

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Gold Road Resources Limited (the Company) advises the scheduled release of its
June 2024 quarterly report to the ASX on Wednesday, 31 July 2024.

The Company wishes to advise it will be holding an investor and analyst conference call
discussing the June 2024 quarter results at 10.30am AEDT (8.30am AWST) on
Wednesday, 31 July 2024. Participation on the conference call line is by personal
invitation only.

A live webcast of the briefing will be available on the Company’s website.

Please register your details at www.goldroad.com.au/webcast 

Webcast participants will have the option to submit written questions during the presentation via the webcast.

A recording of the webcast briefing will be available on the Company’s website following
the conclusion of the webcast at www.goldroad.com.au/webcast

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This release was authorised by Duncan Gibbs, Managing Director and CEO.

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

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To read the full news release, please click 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

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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 Gold Road Resources.

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To read our full terms and conditions, please click HERE




Victoria Gold looks Doomed to Fail

Victoria Gold (TSX: VGCX)

On the 24th June 2024 Victoria Gold announced a landslide at the heap leach pad at their Eagle Gold Mine in the Yukon territory of Canada.

What they really meant to say was that two million tons of the heap leach pad had cascaded down the mountain, and there was a concern about cyanide contamination of the local water supply.

 

 

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Victoria Gold

The yellow shaded area shows where the incident occurred

 

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Victoria Gold looks Set to Disappear as a Company

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Victoria Gold (TSX: VGCX) On the 24th June 2024 Victoria Gold announced a landslide at the heap leach pad at their Eagle Gold Mine in the Yukon territory of Canada.

What they really meant to say was that two million tons of the heap leach pad had cascaded down the mountain, and there was a concern about cyanide contamination of the local water supply.

As soon as the extent of the disaster became apparent, I predicted this would cause Victoria Gold to fail as a company and go bankrupt. I still believe this will happen.

As more facts have become known, the good news is they appear to have contained the cyanide and prevented it from entering the local water supply. That is about the only good news, and there’s plenty of bad.

 

Current position

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The company has admitted it may never mine again, and they lack the resources to remediate the damage.

I predict Victoria Gold will cease trading soon and go out of business in short order.

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An article from the Northern Miner newspaper from a whistleblower who was working on the leach pad at the time it collapsed, and who accuses the company of “unsafe practices can be found here.

An article from Mining.com alleging lax security arrangements on site can be found here.

An update from the Yukon Governement issued on the 26th July can be found here.

..

 

Comment

I cannot believe that people are still trading this company, and that it’s being allowed to continue trading when the disaster looks so bad, and the future so grim.

I can understand anyone selling the stock for whatever they can get in a damage limitaton excercise, but who on earth is buying this stock given the current position, and why?

Anyone still holing is either very foolish or very brave, with my opinion being the former.

This case highlights the dangers of investing in mining stocks perfectly, the share price has fallen from C$8.50 to around 60 cents in very short order, and a massive amount of shareholder value tumbled down the mountain on June 24th.

Commiserations to any holders reading this.

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As an aside, one other company exploring in the Yukon, yet to go into production, Banyan Gold, (which is run by the partner of the Victoria Gold CEO), may have difficulties in moving forwards now as these two properties are relatively close to each other, and Victoria was seen as a potential buyout partner at some point.

After this disaster, getting First Nation approval for another mine in the Yukon will be challenging for some time in my opinion. Time heals of course, and assurances can be given, but It’s hard to see them approving any new mines for quite some after this.

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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.

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Disclosure

At the time of writing the author holds no shares in Victoria Gold.

.

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To read our full terms and conditions, please click HERE




Calidus Resources Creditors Meeting delayed

Calidus Resourses (ASX: CAI)

The Voluntary Administrators* of Calidus Resources have obtained a court order to postpone the second creditors meeting of Calidus and Calidus Group entities as detailed below by a period of up to six months until 4 February 2025.

 

 

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Calidus Resources

Calidus Resources Warrawoona mine

 

 

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Calidus Resources Limited (Receivers and Managers Appointed) (Administrators Appointed) (“Calidus”)

Extension of Time for Second Meeting of Creditors

 

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The Voluntary Administrators* of Calidus have obtained a court order to postpone the second creditors meeting of Calidus and Calidus Group entities as detailed below by a period of up to six months until 4 February 2025.

The primary purpose of the extension is to provide sufficient time for the Administrators and the Receivers and Managers to investigate the affairs of the Calidus Group and conduct a thorough process to market and solicit proposals from interested parties for the sale and / or recapitalisation of the Calidus Group (“Sale Process”).

The Administrators believe the proposed extension of time is in the best interests of all
stakeholders.

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To read the full news release, please click 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

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=======

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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 Calidus Resourses.

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To read our full terms and conditions, please click HERE




Capricon Metals Quarterly Exploration Update

Capricorn Metals (ASX: CMM)

Published their Quartery Exploration Update doe their Mt. Gibson and Karlawinda projects.

Assays received from 123 resource definition holes (19,738 metres) since the last update in April 2024 continue to return exceptional results within and extensional to the resource.

 

 

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Capricorn Metals

Capricorn Metals projects location map

 

 

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Capricorn Metals ASX: CMM
Stage Production, development, exploration
Metals Gold
Market cap A$2.1 B  @A$5.46
Location Western Australia
Website www.capmetals.com.au

 

 

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Capricorn Metals – QUARTERLY EXPLORATION UPDATE

 

Highlights

Mt Gibson Gold Project (MGGP)

• A further 238 holes for 29,232 metres of resource extension, regional exploration and mine development drilling were drilled across the MGGP in the June 2024 quarter (Q4).
• Assays received from 123 resource definition holes (19,738 metres) since the last update in April 2024 continue to return exceptional results within and extensional to the resource including:
• 18 metres @ 5.52g/t from 230 to 248m* • 9 metres @ 8.10g/t from 134 to 143m
• 3 metres @ 23.70g/t from 74 to 77m • 8 metres @ 6.62g/t from 93 to 101m*
• 22 metres @ 2.33g/t from 52 to 74m • 29 metres @ 1.72g/t from 201 to 230m*
* intercept is outside of current resource pit shell
• A 2,085 metre (10 holes) diamond drilling programme was completed under the Orion and Lexington pits.

 

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Drilling returned broad high-grade gold intercepts demonstrating that mineralisation extends significantly at depth and shows the potential for underground mining operations. Encouraging results were returned including:
• 7 metres @ 17.44g/t from 251 to 258m • 12.20 metres @ 6.63g/t from 378.20 to 390.40m*
• 18 metres @ 3.04g/t from 294 to 312m* • 5.43 metres @ 7.40g/t from 359.57 to 365m*
• 12 metres @ 3.22g/t from 298 to 310m • 7.10 metres @ 4.64g/t from 302.90 to 309m*
• 13 metres @ 2.03g/t from 328 to 341m* • 7 metres @ 3.76g/t from 371 to 378m*
* intercept is outside of current resource pit shell
• A follow up 4,500 metre Underground focused diamond programme has been designed and is due to commence in Q1FY25.
• A total of 22 first pass and follow up near mine exploration RC holes for 2,604 metres and 17 Aircore holes for 1,509 metres were completed across near mine exploration targets within and adjacent to the mine trend at the Capricorn, Mexicola, Sundance, Ace High, Gunslinger and Big Whiskey prospects.

 

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Regional first pass 4m composite and 1m split results returned including:

• 12 metres @ 8.07g/t from 42 to 54m • 3 metres @ 30.13g/t from 56 to 59m
• 12 metres @ 3.86g/t from 16 to 28m • 13 metres @ 12.49g/t from 24 to 37m

 

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Karlawinda Gold Project (KGP)

• An RC drilling programme continued and was completed in Q4 across the Bibra, Southern Corridor and Berwick deposits for a full programme total of 24,063 metres (141 holes). Drilling was designed to infill drill the deeper parts of the MRE to a drill density of 25 x 25 metres to underpin an update to the KGP Ore Reserve Estimate (ORE) later in Q1.

Best results included:
• 7 metres @ 54.10g/t from 54 to 61m • 6 metres @ 23.89g/t from 100 to 106m
• 4 metres @ 29.69g/t from 82 to 86m* • 5 metres @ 23.64g/t from 39 to 44m
• 4 metres @ 20.59g/t from 266 to 270m* • 34 metres @ 1.50g/t from 59 to 93m
* intercept is outside of current resource pit shell
• RC drilling at the Central Lode prospect has returned encouraging shallow first pass gold intercepts extending gold mineralisation to a 450m strike, which remains open in both directions and down-dip.

Best results included:

• 5 metres @ 4.72g/t from 89 to 94m • 18 metres @ 0.87g/t from 90 to 108m

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To read the full news release, please click HERE

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To View Capricorn Metal’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 Capricorn Metals.

.

.

To read our full terms and conditions, please click HERE




Cornish Metals Announces Sale of Mactung and Catung Royalties

Cornish Metals (AIM / TSX-V: CUSN)

Announced that it has entered into a binding agreement with Elemental Altus Royalties Corp. for the sale of the royalty interests that the Company holds on the Mactung and Cantung tungsten projects located in Northern Canada for a total cash consideration of US$4,500,000.

 

 

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Cornish Metals

 

 

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Cornish Metals TSX.V / AIM: CUSN
Stage Exploration
Metals Tin, copper
Market cap C$51 m   @ 9.5c
Location Cornwall, United Kingdom
Website www.cornishmetals.com

 

Comment

This looks like an excellent deal for CUSN. 

These assets were on the books for nil and their sale reduces the need for equity dilution in the near future whilst the shaft work is ongoing.

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CORNISH METALS ANNOUNCES SALE OF MACTUNG AND CANTUNG ROYALTIES.

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Vancouver, July 21, 2024

Cornish Metals Inc.(AIM / TSX-V: CUSN) (“Cornish Metals” or the “Company”), a mineral exploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce that it has entered into a binding agreement (the “Agreement”) with Elemental Altus Royalties Corp. (“Elemental Altus”) for the sale of the royalty interests that the Company holds on the Mactung and Cantung tungsten projects located in Northern Canada (together, the “Royalties”) for a total cash consideration of US$4,500,000 (the “Transaction”).

 

 

.Ken Armstrong, Interim CEO and Director of Cornish Metals, stated:

“The sale of the Mactung and Cantung royalties follows Cornish Metals’ recently announced sale of the Nickel King project and further demonstrates our priority and focus on advancing the Company’s wholly owned and fully permitted South Crofty tin project, in the UK, towards commencement of production in 2027.”

 

Under the terms of the Agreement:

· Elemental Altus will pay Cornish Metals a cash payment of US$3,000,000 on the Transaction close date.· Elemental Altus will pay Cornish Metals a cash payment of US$1,500,000 12 months following the Transaction close date.· Elemental Altus will enter into an agreement with Teck Resources Limited (“Teck”) and assume the obligation to pay a C$1,500,000 deferred consideration to Teck on the earlier of a development decision at Mactung or re-commencement of commercial production at Cantung. The agreement with Teck is a condition of closing.

 

The Royalties were acquired by the Company in March 2016 for C$1,500,000 and consist of:· The Mactung royalty: a 4% net smelter returns royalty on the Mactung tungsten project, which straddles the border between Yukon and Northwest Territories (“NWT”).

The Mactung project is an advanced stage exploration project owned by Fireweed Metals Corp. One half of the Mactung Royalty may be purchased bythe property owner (to reduce the royalty to 2%) at any time for C$2,500,000.· The Cantung royalty: a 1% net smelter returns royalty on the Cantung tungsten project, which is located in western NWT. Cantung operated intermittently from 1962 until it closed in 2015.

The Royalties have a book value of nil.

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To read the full news release, please click HERE

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To View Cornish Metal’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

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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 no shares in Cornish Metals.

.

.

To read our full terms and conditions, please click HERE




BPM Minerals’ Phase 2 Drilling at Claw Gold Project

BPM Minerals (ASX: BPM)

Updated on the Claw Gold Project’s impending phase 2 drilling program.

The Phase 2 AC/RC drilling program will commence in mid-August, designed to test the Louie gold anomaly – a 1km long, 100 ppb Au gold in regolith anomaly immediately along strike of Capricorn Metals Ltd.’s 3.24 Moz Mt Gibson Gold Project.

 

 

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BPM Minerals

 

 

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BPM Minerals ASX: BPM
Stage Exploration
Metals Gold
Market Cap A$3.4 m  @ A$ 0.051c
Location Western Australia
Website www.bpmminerals.com

 

 

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BPM Minerals Phase 2 Drilling at Claw Gold Project Scheduled for August

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BPM Minerals Ltd (ASX: BPM) (‘BPM’ or ‘the Company’) is pleased to provide an update on the Claw Gold Project’s impending phase 2 drilling program.

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Highlights

• Phase 2 AC/RC drilling program to commence in mid-August following the recent receipt of final drilling approvals.
• Phase 2 drilling program designed to test the Louie gold anomaly – a 1km long, 100ppb Au gold in regolith anomaly immediately along strike of Capricorn Metals Ltd.’s 3.24Moz Mt Gibson Gold Project.
• The 3,000m combined AC and RC drilling program will add to the 8,890m already completed at Claw in Q1 2024.
• Drilling activities are being conducted alongside the ongoing application process for BPM’s recently acquired high-grade rare earth element Durack Project.
• Option Entitlement Issue being finalised.

The Claw Gold Project consists of 33km of highly prospective strike, immediately along strike of $2 billion Capricorn Metals Ltd.’s (ASX:CMM) 3.24Moz Mount Gibson Gold Project (MGGP).

The Claw Gold Project is set to be one of Australia’s next major gold mines underpinned by a ~5mtpa processing plant producing ~150koz p.a.

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The Company has recently received the final approval from the Department of Mines to undertake a 3,000m AC-RC drilling program at the Louie Prospect commencing in August 2024.

Environmental and heritage surveys were completed with the Badimia Native Title Group over the past 2 months.

The AC/RC drilling program at the Louie prospect is designed to further test the 1,000m long, 100ppb gold in regolith anomaly identified from the 1st phase of drilling undertaken earlier in the year.

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Commenting on the upcoming drilling program, BPM CEO Oliver Judd:

“We are looking forward to the Phase 2 drilling program at the Louie Prospect within the Claw Gold Project.

“Following our environmental and heritage assessment and PoW approval, we are now on schedule to recommence drilling in mid-August.

 

“The encouraging outcomes from initial exploration, combined with our strategic proximity to a large gold resource, uniquely position us to unlock substantial value in this prolific gold producing region of WA.”

 

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Louie Prospect

The Louie Prospect is located on the northern border of the Claw Project area immediately along strike of a series of significant gold resources (Sheldon-Deep South-Gunslinger) and the recent high-grade Sundance gold discovery (16m @ 17.16 g/t Au).

These gold deposits make up the current southern extent of the Capricon Metals’ MGGP.

 

To read the full news release, please click HERE

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To View BPM Minerals’ historical news, please click here

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...

The Live gold price can be found HERE

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=======

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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 BPM Minerals.

.

.

To read our full terms and conditions, please click HERE




Barton Gold Release Tunkillia Scoping Study Presentation

Barton Gold (ASX: BGD)

Released a Tunkillia gold and silver mine Scoping Study presentation, following their ASX announcement on the 16th July.

 

 

 

Barton Gold

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Barton Gold ASX: BGD
Stage Production, development
Metals Gold
Market Cap A$52 Million   @ 24c
Location South Australia
Website www.bartongold.com.au

 

 

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Barton Gold Release Tunkillia Scoping Study Presentation

 

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Barton Gold (ASX: BGD) released a Tunkillia gold and silver mine Scoping Study presentation, following their ASX announcement on the 16th July.

The scoping study presentation can be viewed HERE

MD Alex Scanlon also hosted a live webinar, the details of which can be found HERE

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Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to announce a live webinar hosted by Small Caps Australia.

MD Alex Scanlon will share a new corporate presentation detailing the results of a preliminary Scoping Study at the Tunkillia Gold Project (Tunkillia).

 

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This study has outlined a prospective 5Mtpa bulk open pit mining and processing project, with:

• an initial 6.4 year life-of-mine producing ~833,000 oz payable gold and 1,993,000 oz payable silver;
• average annual production of ~130,000 oz payable gold and ~311,000 oz payable silver;
a competitive All-in Sustaining Cost (AISC) of ~A$1,917 / oz payable gold (set of silver credits);
an average operating cashflow of ~A$1,626 / oz payable gold (net of silver credits);
• a higher-grade ‘Starter’ pit producing ~181,000 oz payable gold and 420,000 oz payable silver during the first 18 months of mining, with average operating cashflow of ~A$2,265 / oz gold; and
• an NPV7.5% of ~A$512m, a 40% IRR and a 1.9 year payback period (all unlevered, and pre-tax).

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

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To read the full news release, please click HERE

.

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 Barton Gold.

.

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Mining Review 21st July 2024

Mining Review 21st July 2024

Gold had a poor week, crashing to $2,400 when it looked on the cusp of breaching $2,500.

G Mining Ventures and Karora Resources both announced the closure of their respective business combinations, and Cabral Gold and West Red Lake Mining both announced high grade drill results.

 

 

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Karora Resources

 

 

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City Investors Circle Mining Review 21st July 2024

 

Gold had a poor week, crashing to $2,400 when it looked on the cusp of breaching $2,500. Silver followed and fell more in percentage terms.

Copper and nickel also fell back after being disappointed by the chinese governement’s Third Plenum announcement, which was perceived as negative for metals.

The Victoria Gold heap leach disaster in the Yukon goes from bad to worse, as now whistleblowers are announcing activities that went on at the mine that are very disturbing. (if proved true of course, and for now they’re just hearsay).

However, the future of the company looks incredibly bleak, and in my opinion it will cease to trade in short order, and disappear.

Production is halted, the company look to be unable to rectify the problems, debtors are owed $245 million, and are claiming a default on their loans, and the local First Nations are rightly outraged and look unlikely to allow the early restoration of mining, even if they company are able to do it, which they can’t.

I say this is done, Victoria will be toast soon.

G Mining Ventures and Karora Resources both announced the closure of their respective business combinations, with Reunion Gold and Westgold respectively.

On the exploration front Cabral Gold and West Red Lake Gold Mining both announced high-grade drill results.

Aris Mining confrmed 2024 production guidance and Calibre Mining comenced a huge 100,000 m drill capaign.

To read all the significant news from the companies on our watchlist from last week, please click on the links below.

Archives

  Cabral Gold Drilled 10m @ 3 g/t Gold at Machichie West
  Karora Resources and Westgold Merger Nears Completion
  Aris Mining H1 2024 Production, Reaffirms 2024 Guidance
  G Mining Ventures and Reunion Gold Completed Their Business Combination
  Calibre Mining To Commence A 100,000 M Drill Program
  West Red Lake Gold Mines Intersected 13.40 g/t Au over 10m
  Mining Review 14th July 2024

 

Click here for all company news archives

 

Market Data

Weekly price changes

(US$ unless stated)

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Metal  Price Weekly
Gold price in UK £ 1851 -0.48%
Gold 2401 -0.46%
Silver 29.22 -5.13%
Palladium 906 -6.69%
Platinum 969 -4.44%
Rhodium 4550 -1.09%
Copper 4.24 -3.64%
Nickel 7.35 -2.52%
Zinc 1.24 -6.06%
Tin 14.37 -10.91%
Cobalt 11.76 -2.08%
Manganese 4.34 -4.82%
Lithium 11214 -6.89%
Uranium 84.7 -1.51%
Iron Ore 105 -2.60%
Coking Coal 213 -1.39%
Thermal coal 138.8 3.20%
 
 
Metal ETFs Price % change
GLD 221.73 -0.62%
GDX 37.38 -2.07%
GDXJ 45.9 -3.55%
Sil 34.31 -3.84%
SILJ 12.32 -5.16%
GOEX  (PCX) 30.22 -3.94%
URA 28.2 -9.56%
COPX  43.31 -9.71%
HUI  296.54 -1.45%

 

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Click HERE for live Spot Metal Prices 

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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.

.

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To read our full terms and conditions, please click HERE




Cabral Gold Drills 10m @ 3 g/t Gold at Machichie West

Cabral Gold (TSX.V: CBR)

Announced drill results from fifteen initial reconnaissance RC holes drilled at the Machichie West target within the Cuiú Cuiú gold district.

The highlight was hole RC439 returned 10m @ 3.00 g/t gold from 11m depth in weathered saprolite including 5m @ 5.37 g/t gold from 13m depth.

 

 

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Cabral Gold excavator

 

 

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Cabral

 

 

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Cabral Gold TSX.V : CBR
Stage Exploration
Metals Gold
Market cap C$72 m   @ 35c
Location Tapajos, Para State, Brazil
Website www.cabralgold.com

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Cabral Gold Drills 10m @ 3 g/t Gold at the Machichie West Target, Cuiú Cuiú Gold District, Brazil

Vancouver, British Columbia–(Newsfile Corp. – July 17, 2024) – Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (“Cabral” or the Company“) is pleased to announce drill results from fifteen initial reconnaissance RC holes drilled at the Machichie West target within the Cuiú Cuiú gold district.

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Highlights

  • RC439 returned 10m @ 3.00 g/t gold from 11m depth in weathered saprolite including 5m @ 5.37 g/t gold from 13m depth
  • RC427 returned 13m @ 1.00 g/t gold from 19m depth in weathered saprolite, including 2m @ 4.80 g/t gold
  • RC430 returned 8m @ 0.36 g/t gold from surface in blanket sediments followed by 9m @ 0.27 g/t gold in weathered saprolite. The hole also intersected 8m @ 0.60 g/t gold from 26.0m depth including 1m @ 3.78 g/t gold in hard rock
  • These RC results from Machichie West suggest the presence of additional mineralized structures which have not been previously recognized which could in the near-term provide additional near surface oxide material for the trial mining and heap leach processing operation which is currently the subject of the ongoing PFS study

 

 

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Alan Carter, Cabral’s President and CEO commented,

“The Machichie West target has never been previously tested by drilling, but previous trenching produced encouraging results including 96.5m @ 0.6 g/t gold and 138m @ 0.5 g/t gold.

 

“Following the recent success of near-surface drilling at the Machichie NE target where RC421 recently returned 11m @ 33 g/t gold, this maiden reconnaissance drill program at Machichie West was designed to follow up surface trench results and define the near surface potential for additional oxide resources.

 

“The results from hole RC439 look particularly encouraging and may indicate the presence of another new zone of gold mineralization which extends to surface.

 

“As with recent results from the Machichie Main and Machichie NE zones, these results indicate the presence of additional near surface gold-in-oxide mineralization in close proximity to the MG gold deposit.”

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

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To read the full news release, please click 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 no shares in Cabral Gold.

.

.

To read our full terms and conditions, please click HERE




Karora and Westgold Merger Nears Completion

Westgold Resources (ASX: WGX)

Updated in relation to the proposal to acquire 100% of the issued and outstanding common shares of Karora Resources Inc. by way of a court-approved plan of arrangement under the Canada Business Corporations Act.

On 17 July 2024, Westgold received written confirmation from the FIRB that the AustralianGovernment has no objection to the Transaction under the Foreign Acquisitions and Takeovers Act 1975.

 

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Karora Resources

 

 

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Karora Resources TSX: KRR
Stage Production + Development + Exploration
Metals Gold + Nickel
Market cap C$1.23 Billion @ C$6.89
Location Kalgoorlie, Western Australia
Website karoraresources.com

 

FIRB Approval Received for Westgold and Karora Transaction

Westgold Resources Limited (ASX: WGX, OTCQX: WGXRF – Westgold or the Company) provides the following update in relation to the proposal to acquire 100% of the issued and outstanding common shares of Karora Resources Inc. (Karora) by way of a court-approved plan of arrangement under the Canada Business Corporations Act (Transaction).

On 17 July 2024, Westgold received written confirmation from the Foreign Investment Review Board (FIRB) that the Australian Commonwealth Government has no objection to the Transaction under the Foreign Acquisitions and Takeovers Act 1975 (Cth).

The FIRB approval condition contained in the definitive Arrangement Agreement between Westgold and Karora in respect of the Transaction has now been satisfied.

Pending approval by Karora shareholders at Karora’s upcoming annual general and special meeting of shareholders on 19 July 2024 and final court orders, Westgold targets completion of the Transaction on or about 31 July 2024.

The Transaction has been unanimously approved by the respective boards of directors of Westgold and Karora.

 

The Karora board of directors (Karora Board) has unanimously determined that the Transaction is in the best interests of Karora and is fair to Karora shareholders.

Accordingly, Westgold’s offer to acquire Karora pursuant to the Transaction is unanimously recommended by the Karora Board. All directors and senior officers of Karora entered into agreements with Westgold to vote in favour of the Transaction.

 

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Indicative Timetable

Event / Action Indicative Timing (Toronto)
Karora shareholder Meeting 19 July 2024
Final order court hearing 24 July 2024
Complete Transaction 31 July 2024

This announcement is authorised for release to the ASX by the Board.
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.To View Westgold’s historical news, please click here

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To read the full news release, please click 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 Karora Resources.

.

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To read our full terms and conditions, please click HERE

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Aris Mining H1 2024 Production, Reaffirms 2024 Guidance

Aris Mining (TSX: ARIS)
Announced gold production of 99,983 ounces for H1 2024, with 88,613 ounces from Segovia and 11,370 ounces from the Marmato Upper Mine.
As the Segovia mine plan progresses to higher-grade zones the Company is on track to meet the lower end of its full-year production guidance of 220,000 to 240,000 ounces. 

 

 

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Aris Mining

 

 

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Aris Mining TSX : ARIS
Stage Production + Development
Metals Gold
Market cap C$993 m   @ $5.87
Location Colombia, Guyana
Website www.aris-mining.com

 

 

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ARIS MINING REPORTS H1 2024 PRODUCTION, PROVIDES EXPANSION PROJECTS UPDATE AND REAFFIRMS FULL YEAR 2024 GUIDANCE

VANCOUVER, BC ,July 16, 2024 /PRNewswire/ – Aris Mining Corporation (Aris Mining or the Company) (TSX: ARIS) (NYSE-A: ARMN) announces gold production of 99,983 ounces for the first half of 2024 (H1 2024), with 88,613 ounces from Segovia and 11,370 ounces from the Marmato Upper Mine.
In the same period in 2023, the Company produced 104,906 ounces of gold, including 94,395 ounces from Segovia and 10,511 ounces from the Marmato Upper Mine.
As the Segovia mine plan progresses to higher-grade zones the Company is on track to meet the lower end of its full-year production guidance of 220,000 to 240,000 ounces.
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Neil Woodyer, CEO of Aris Mining, commented

 

“Our Segovia processing facilities performed well during Q2, consistently achieving over 2,000 tonnes per day (tpd) of throughput. As previously disclosed, the Segovia Operations were moving through relatively low-grade zones in the production schedule, and higher-grade zones are now being mined.

 

“During the second quarter we made meaningful progress with our expansion projects at Segovia and Marmato. Aris Mining continues to target an annual production run-rate of approximately 500,000 ounces of gold by the second half of 2026 once the expansion projects are complete.

 

“At Segovia, expansion of the processing plant will increase throughput capacity by 50% from 2,000 tpd to 3,000 tpd, enabling the mine to produce 300,000 ounces of gold annually.

 

“We are on track for construction completion in early 2025, followed by a ramp-up period. Our updated capital cost estimate for the project is$15 million, resulting in an excellent return on invested capital.

 

“At Marmato, as at the end of May 2024, we have spent $30 million out of the $280 million construction budget for the Lower Mine. Of the remaining $250 million, $122 million will be funded by stream financing.

 

“The stream financing is subject to capital expenditure milestones defined as 25%, which is expected to be achieved in the third quarter of this year, 50% and 75% of projected completion, with $40 million in funding occurring following achievement of each of the first two milestones and$42 million on achievement of the last.

 

“The Lower Mine project is on track for first gold pour by the end of 2025, followed by an approximate six-month ramp-up period as per prior guidance.

 

“In addition to the Lower Mine construction progress, we are transforming the Upper Mine production plan by transitioning the operation of the Upper Mine to contract mining partners (CMP), which mirrors our successful operating model at Segovia.

 

“At Soto Norte, we now own 51% of the project following successful completion at the end of June 2024 of our previously announced transaction to acquire an additional 31% of the project.

 

“Since closing, we have been focused on integrating the administration and management of Soto Norte into the Aris Mining structure. Feasibility level studies are underway on a new, smaller scale development plan, and results are expected in early 2025.

 

“We are excited about the transformational near-term growth we will deliver over the next two years through the Segovia and Marmato expansions, while progressing Soto Norte to unlock our next growth project for 2027 and beyond.”

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Q2 2024 Financial Results

Aris Mining will announce its full Q2 2024 financial results after market close onTuesday, August 13, 2024. Management will host a conference call on Wednesday, August 14, 2024, at 9:00 am ET / 6:00 am PT to discuss those financial results.

The call will be webcast and can be accessed at Aris Mining’s website at Home, or at Webcast | Q2 2024 Results Conference Call (choruscall.com).

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.

.To View Aris Mining’s historical news, please click here

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To read the full news release, please click HERE

.

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 Aris Mining.

.

.

To read our full terms and conditions, please click HERE

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G Mining Ventures and Reunion Gold Complete Business Combination

G Mining Ventures (TSX: GMIN)

And Reunion Gold Corporation (TSXV:RGD)  are pleased to announce that the business combination between GMIN and Reunion Gold has been completed by way of a court approved plan of arrangement under the Canada Business Corporations Act.

 

 

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G Mining Ventiures

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 TSX: GMIN
Stage Production, Development + Exploration
Metals Gold
Market cap C$1.2 billion @ C$2.63
Location  Tapajos, Para State, Brazil, Guyana
Website www.gminingventures.com

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G Mining Ventures and Reunion Gold Complete Business Combination

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BROSSARD, QC, July 15, 2024 – G Mining Ventures Corp. (“GMIN”) (TSX: GMIN) (OTCQX: GMINF) and Reunion Gold Corporation (“Reunion Gold”) (TSXV:RGD) (OTCQX:RGDFF) are pleased to announce that the business combination between GMIN and Reunion Gold has been completed by way of a court approved
plan of arrangement under the Canada Business Corporations Act (the “Arrangement”).

The Arrangement was overwhelmingly approved by GMIN shareholders as well as Reunion Gold securityholders at their respective annual general and special meetings held on July 9, 2024, and was subsequently approved by the Ontario Superior Court of Justice (Commercial List) on July 11, 2024.

 

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Louis-Pierre Gignac, President, CEO and Director of GMIN, stated:

“Oko West will play an important role in realizing our vision of becoming a leading intermediate gold producer, with its significant resource base, excellent expansion potential and location in a mining-friendly jurisdiction.

 

“With the close of the Oko West acquisition, I am excited to undertake maximizing value of this generational asset.

 

“Our team is uniquely positioned to accelerate value creation at Oko West, leveraging our deep Guiana Shield experience, expertise in project execution, and the tangible synergy from the anticipated near-term free cash flow, established system, team, and equipment at Tocantinzinho.

 

“I would like to take this opportunity to welcome Reunion Gold shareholders to the GMIN family, and I look forward to continuing to create value for our existing and new shareholders.”

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A newly incorporated successor issuer will hold and manage the combined business of GMIN and Reunion Gold (“New GMIN”), and has acquired, pursuant to the Arrangement, (i) all of the issued and outstanding common shares in the capital of GMIN (each whole share, a “GMIN Share”) and (ii) all of the issued and
outstanding common shares in the capital of Reunion Gold (each whole share, a “Reunion Gold Share”).

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In connection with the Arrangement:

former GMIN shareholders are receiving 0.25 of a common share of New GMIN (each whole share, a “New GMIN Share”) for each GMIN Share held;
• former Reunion Gold shareholders are receiving 0.07125 of a New GMIN Share and 0.05 of a common share of Greenheart Gold Inc. (“Greenheart Gold” or “Spinco”) (each whole share, a “Spinco Share”) for each Reunion Gold Share held; and
• Reunion Gold has assigned and transferred to Greenheart Gold, a newly created gold exploration company, all of its assets other than the Oko West Project, including C$15 million in cash which GMIN has agreed to fund; resulting in New GMIN holding, indirectly through Reunion Gold, 19.9% of the outstanding Spinco Shares, and the former Reunion Gold shareholders holding the remaining 80.1%.

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It is expected that the New GMIN Shares will be listed and posted for trading on the Toronto Stock Exchange (the “TSX”) under the stock symbol “GMIN” in substitution for the presently listed GMIN shares on or around July 17, 2024, with the shares of GMIN and Reunion Gold being delisted from the TSX and the TSX Venture Exchange (the “TSXV”), respectively, at the close of trading the day before.

Each of GMIN and Reunion Gold will be submitting applications to cease to be reporting issuers under applicable Canadian securities laws and to otherwise terminate their public reporting obligations.

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.To View G Mining’s historical news, please click here

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To read the full news release, please click HERE

.

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 G Mining Ventures.

.

.

To read our full terms and conditions, please click HERE

.