Capricorn Metals Reports Positive Q1 Production

Capricorn Metals (ASX: CMM)

Reported Karlawinda Gold Project Q1 gold production of 25,559 ounces (Q4: 26,835oz) at an all-in-sustaining cost of $1,647 per ounce (Q4: $1,548 per ounce) was in line with expectations as per the FY25 mine plan.

 

 

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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$2.2.41 B  @A6.38
Location Western Australia
Website www.capmetals.com.au

 

28 October 2024
ASX:CMM

 

Capricorn Metals – ACTIVITIES REPORT SEPTEMBER 2024 QUARTER

KGP OPERATIONS

• Karlawinda Gold Project (KGP) Q1 gold production of 25,559 ounces (Q4: 26,835oz) at an all-in-sustainingcost of $1,647 per ounce (Q4: $1,548 per ounce) was in line with expectations as per the FY25 mine plan.

AISC is expected to decline in the coming quarters as earthmoving volumes reduce and production increases in line with the mine plan.

• KGP is on track to achieve FY25 guidance of 110,000 – 120,000 ounces at an AISC of $1,370 – $1,470 per ounce.
• Strong cash flow generation from operations continues with $38.0 million in Q1 (Q4: $40.4m).
• Total material mined from the Bibra open pit increased 17% from Q4. Planned pit face positions achieved by end of Q1, delivering larger working areas and facilitating great productivity for the balance of FY25.
• Gold recovery rates have stabilised at the budgeted rate of 91.9% (Q4: 89.1%) following the commissioning of liquid oxygen and lead nitrate facilities.

 

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CORPORATE

• Underlying profit after tax of $87.1 million reported for FY24 was in line with the FY23 result of $85.8 million.
• Cash and gold on hand at the end of Q1 was $144.6 million (Q4: $125.0m) reflecting a cash build of $24.1 million (Q4: 24.6m) before the discretionary capital expenditure at the Mt Gibson Gold Project (MGGP) of $4.5 million (Q4: $7.8m).
• Gold sales of 22,285 ounces at an average price of $3,729 per ounce generated $83.1 million in revenue with a further 4,656 ounces of gold on hand at the end of Q1 valued at $18.0 million (Q4: 1,453oz).

 

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MGGP DEVELOPMENT

• Installation of the 400-room accommodation village for the operation continued with all buildings for the camp now in place and associated services being installed. Construction is on target to be completed in CY24 with partial occupation planned to commence soon after.

Total spend to date of $23.9 million on construction works is an early spend of the $260 million MGGP capital budget and a strategic decision to compress the ultimate construction timeframe.

• Tender responses were received during the quarter for mining services, power supply and process plant design contracts. Final evaluations are underway with awards for these critical path scopes planned in Q2.
• The Company received advice from the Commonwealth Department of Climate Change, Energy, the Environment and Water (DCCEEW) relating to the assessment of the MGGP referral. The guidelines for the Public Environment Report (PER) to be submitted for referral were received and have been incorporated into the final work streams being completed.

Field surveys were completed in the quarter, reporting is underway with submission of the PER planned for late Q2.

 

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RESOURCE AND RESERVE UPDATE

• Updates to the MGGP ORE and MRE are planned for later in Q2, showing the continued strong organic growth potential of the project. The ORE and MRE currently stand at 1,834,000 ounces and 3,305,000 ounces, respectively.
• KGP Ore Reserve Estimate (ORE) increased by 15% to 1,428,000 ounces (2023: 1,247,000 ounces), an increase of 333,000 ounces (27%) after accounting for mining depletion.
• KGP expansion study to be finalised in Q2. Potential to increase throughput (currently 4.5mtpa) by 2 – 2.5mtpa underpinned by the recent increase in ORE.
• KGP Mineral Resource Estimate (MRE) increased by 1% to 2,252,000 ounces (2023: 2,228,000 ounces), an increase of 176,000 ounces after (8%) after accounting for mining depletion.
• Capricorn group ORE now stands at 3,262,000 ounces, while the group MRE is 5,557,000 ounces

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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

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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 Capricorn Metals

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To read our full terms and conditions, please click HERE

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G Mining Files Oko West 43-101 Report

G Mining Ventures  (TSX: GMIN)

Has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects Preliminary Economic Assessment technical report for GMIN’s Oko West gold project in Guyana, with an effective date of September 4, 2024.

 

 

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G Mining

 

 

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G Mining Ventures TSX: GMIN
Stage Development + Exploration
Metals Gold
Market cap C$2.72 billion @ C$12.67
Location  Tapajos, Para State, Brazil
Website www.gminingventures.com

 

 

 

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G Mining Ventures Files NI 43-101 Technical Report for the Oko West Gold Project in Guyana

 

 

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BROSSARD, QC, October 15, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN, OTCQX: GMINF) today announced that the Corporation has filed a National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) Preliminary Economic Assessment (“PEA”) technical report for GMIN’s 100% owned Oko West gold project in Guyana, with an effective date of September 4, 2024 (the “Report”).

 

Report results were previously announced in GMIN’s news release dated September 9, 2024.

G Mining Services Inc. was responsible for the overall Report and PEA coordination, property description and location, accessibility, history, mineral processing and metallurgical testing, mineral resource estimation, mining methods, recovery methods, project infrastructures, operating costs, capex, economic analysis and project execution plan.

 

The Qualified Persons (“QPs”), as defined under NI 43-101, are Paul Murphy, P. Eng. having overall responsibility for the Report including capital and operating costs; Neil Lincoln, P. Eng. having responsibility for metallurgy, recovery methods and process plant operating costs; Christian Beaulieu, MSc, P. Geo, of Minéralis Consulting Services is responsible for property description, geology, drilling, sampling and the mineral resource estimate; Alexandre Burelle, P. Eng. is responsible for the mining method and capital and operating costs related to the mine and the economic analysis; and Derek Chubb, P. Eng., of ERM Consultants Canada Ltd., is responsible for the environment and permitting aspects.

The Report is available on SEDAR+ (www.sedarplus.ca) and on GMIN’s website (www.gmin.gold).

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To read the full news release, please click HERE

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The live gold price can be found HERE

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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 G Mining Ventures.

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To read our full terms and conditions, please click HERE



Capricorn Metals Announce a Positive Exploration Update

Capricorn Metals (ASX: CMM)

Issued a positive exploration update for their two gold projects at Karlawinda and Mt. Gibson, both located in Western Australia.

 

 

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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$2.2.41 B  @A6.38
Location Western Australia
Website www.capmetals.com.au

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Capricorn Metals QUARTERLY EXPLORATION UPDATE

 

Capricorn Metals (ASX: CMM) issued a positive exploration update for their two gold projects at Karlawinda and Mt. Gibson, both located in Western Australia.

Highlights

 

Mt Gibson Gold Project (MGGP)

• A further 22,737 metres (92 holes) of resource extension, regional exploration and mine development drilling were completed across the MGGP during the September 2024 quarter (Q1).
• Assays received from 76 resource definition holes (13,676 metres) since the last update in July 2024 continue to return exceptional results, both within and extensional to the resource including:
• 26 metres @ 4.06g/t from 206 to 232m* • 34 metres @ 3.03g/t from 264 to 298m*
• 22 metres @ 4.46g/t from 221 to 243m • 33.10 metres @ 2.99g/t from 197.90 to 231m
• 7 metres @ 9.24g/t from 264 to 271m* • 21 metres @ 2.03g/t from 264 to 285m*
* intercept is outside of current resource pit shell

 

A further update to the MGGP ORE and MRE is planned for completion in Q2.
• Of the planned 6,696-metre diamond drilling programme (27 holes), 5,618 metres were completed under the Orion and Lexington pits. Broad, high-grade gold intercepts demonstrated that mineralisation extends significantly at depth, highlighting the potential for an underground mining operation.

 

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Encouraging results were returned including:

• 1.23 metres @ 95.00g/t from 264 to 265.23m* • 3 metres @ 26.27g/t from 260 to 263m
• 13.69 metres @ 5.33g/t from 396.31 to 410m* • 11.81 metres @ 6.06g/t from 209 to 220.81m
• 26 metres @ 2.47g/t from 405 to 431m* • 4 metres @ 14.05g/t from 269 to 273m*
• 4.19 metres @ 11.19g/t from 465.43 to 469.62m* • 6 metres @ 6.28g/t from 209 to 215m
* intercept is outside of current resource pit shell

A follow up diamond drill program is planned to commence in Q3 to further investigate underground mine potential and a maiden underground MRE.
• A total 2,598 metres of reverse circulation (RC) drilling (17 holes) were completed at the Capricorn deposit along strike of the previously mined Wombat Open Pit and Underground deposit. Significant results have been received, both within and extensional to the current resource, with mineralisation remaining open
down dip and along strike.

 

Best results including:

• 21 metres @ 5.38g/t from 116 to 137m • 5 metres @ 8.70g/t from 49 to 54m
• 4 metres @ 10.17g/t from 192 to 196m* • 8 metres @ 5.03g/t from 57 to 65m
• 15 metres @ 2.17g/t from 132 to 147m* • 6 metres @ 3.05g/t from 185 to 191m*
* intercept is outside of current resource pit shell

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Further extensional drilling is planned for an update to the MRE and a maiden ORE at Capricorn.

Karlawinda Gold Project (KGP)

• 24,063 metres of drilling during FY24 at the KGP delivered a 15% increase in the Ore Reserve Estimate
(ORE) to 1,428,000 ounces of gold (up from 1,247,000 ounces), an increase of 333,000 ounces (27%)
after accounting for mining depletion (refer to the ASX announcement dated 1 August 2024).
• An RC drilling programme was completed in Q1 across the Bibra and Berwick deposits, totalling 1,380
metres (11 holes). Results are expected in Q2.
• A 7,520-metre (154 holes) aircore (AC) program was completed at the Mumbakine Well project area, with
composite results identifying a low-level gold anomaly along the Central Lode, extending the mineralised
strike length to 2 kilometres.
• An 8,500-metre follow up RC programme commenced late in Q1 at Central Zone, aiming to extend significant mineralisation reported in Q2 FY24, both along strike and down dip. Results are expected in Q2.
• At the Carnoustie East prospect, a broad-spaced AC drilling program totalling 4,061-metre (55 holes) was completed, targeting multiple gravity-high anomalies identified along magnetic corridors in proximity to known gold occurrences. Anomalous Au results were received with follow-up drilling planned.

 

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Mt Gibson Gold Project

Exploration activities at the MGGP during Q1 focussed on progressing extensional and infill resource drilling which commenced in January 2022, along with near-mine exploration drilling at prospects immediately adjacent to the Mt Gibson trend.

A total of 92 holes, covering 22,737 metres, were drilled for resource extension, regional
exploration, and mine development during Q1. .

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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

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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 Capricorn Metals

 

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To read our full terms and conditions, please click HERE

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Pacgold drilling “Progressing Well”

Pacgold (ASX: PGO)

The Queensland focused gold explorer, is pleased to announce progress for the aircore drill campaign at the Company’s 100% owned Alice River Gold Project, 300km northwest of Cairns, North Queensland. 

 

 

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Pacgold

Pacgold Alice River drilling 11th August 2022

 

 

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Pacgold ASX : PGO
Stage Exploration
Metals Gold
Market cap A$9.2m   @A$ 9c
Location Queensland, Australia
Website www.pacgold.com.au/

 

 

 

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Pacgold drilling “Progressing Well”

 

 

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Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’), Queensland focused gold explorer, is pleased to announce progress for the aircore drill campaign at the Company’s 100% owned Alice River Gold Project (‘the Project’), 300km northwest of Cairns, North Queensland.

The drilling contractor has completed 127 drillholes, consistently averaging 200-250m per day. The first batch of samples has been dispatched to the lab for assays with results expected back in mid-November.

Aircore drilling progressing well – Alteration and quartz veining identified in holes to date

 

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HIGHLIGHTS

• 127 aircore holes completed to date, with rig achieving 200-250m per day, on target
to complete programme by mid-November
• Visible quartz veins and alteration in drill chips coincident with IP resistivity anomaly
and known mineralised trend at Northern Target1
• First batch of samples dispatched to laboratory for analysis, with results expected in
2-3 weeks.
• Two new geologists and full field crew on site, with a camp expansion currently
underway
• Reverse Circulation (RC) drill rig to be mobilised to site in next 10 days

 

 

Pacgold’s Managing Director, Matthew Boyes, commented:

“The drill campaign is going very well, with a full field team now on site steadily working through the programme.

 

“Our first batch of samples has now been submitted for analysis and we expect the first results in a few weeks’ which will form the basis for the ongoing RC drill planning and exploration programme development for the next field season.

 

“The geologists are pleased with what they are seeing in terms of the location of the veining and alteration fitting the previously developed targeting models and expanding on the known areas of mineralisation.

 

“I believe this Aircore programme will delineate significant new areas for drill testing with
RC in 2025 and beyond”

 

1 Visual estimates of mineral abundance should never be considered a proxy or substitute for laboratory analyses where concentrations or grades are the
factor of principal economic interest. 

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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 Pacgold.

.



Thesis Gold Drills 8 Metres of 11.39 GPT Gold Equivalent

Thesis Gold (TSX.V: TAU)

Announced assay results from the 2024 drill program at Lawyers-Ranch, located in the prolific Toodoggone Mining District of northern British Columbia.

Results from the 2024 drill program successfully confirmed high-grade, near-surface mineralization, while deeper intercepts confirmed modelled stopes and point to the potential for expanding the underground mining scenario with future drill campaigns.

 

 

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Thesis Gold

 

 

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Thesis Gold TSX.v : TAU
Stage Exploration
Metals Gold
Market cap C$184 m   @94 cents
Location British Columbia, Canada
Website thesisgold.com

 

 

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Thesis Gold Drills 8.00 Metres of 11.39 Grams per Tonne Gold Equivalent

Vancouver, British Columbia–(Newsfile Corp. – October 23, 2024) – Thesis Gold Inc. (TSXV: TAU)(WKN: A3EP87) (OTCQX: THSGF) (“Thesis” or the “Company“) is pleased to announce assay results from the 2024 drill program at Lawyers, part of the 100% owned Lawyers-Ranch Project, located in the prolific Toodoggone Mining District of northern British Columbia.

The recently completed, positive PEAoutlined a 90% Measured and Indicated potentially mineable resource.

Consequently, the 2024 drill program was strategically focused on infilling, upgrading and potentially expanding the most impactful of the 10% inferred ounces by targeting those that could significantly contribute to the upcoming Prefeasibility Study (PFS) planned for late 2025.

Results from the 2024 drill program successfully confirmed high-grade, near-surface mineralization, while deeper intercepts confirmed modelled stopes and point to the potential for expanding the underground mining scenario with future drill campaigns. These results will be incorporated into the upcoming Prefeasibility Study (PFS), which is expected to further define project economics and resource classification.

 

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2024 Drill Highlights

  • 4100 metres (m) of drilling at Lawyers focused on resource infill and upgrading, both near surface and at depth.
  • Shallow, high-grade gold and silver mineralization:
    • 24CCDD001 intersected;
      • 22.62 metres (m) of 1.16 grams per tonne (g/t) gold (Au) and 47.08 g/t silver (Ag), or 1.75 g/t gold equivalent** (AuEq),including,
      • 7.00 m of 3.17 g/t Au and 123.54 g/t Ag, or 4.72 g/t AuEq.
    • 24CCDD003 intersected;
      • 8.00 m of 7.29 g/t Au and 327.75 g/t Ag, or 11.39 g/t AuEq, including,
      • 2.00 m of 16.23 g/t Au and 866.00 g/t Ag, or 27.05 g/t AuEq.
      • An additional interval of3.07 m intersected 6.69 g/t Au and 189.27 g/t Ag, or 9.05 g/t AuEq.
  • Deeper intercepts confirmed and expanded modelled underground stopes:
    • 24CCDD005 intersected;
      • 4.89 m of 3.82 g/t Au and 119.76 g/t Ag, or 5.31 g/t AuEq, including,
      • 0.39 m of 19.30 g/t Au and 791.00 g/t Ag, or 29.19 g/t AuEq.
    • 24CCDD006 intersected;
      • 10.16 m of 0.90 g/t Au and 25.00 g/t Ag, or 1.21 g/t AuEq, including,
      • 2.00 m of 4.56 g/t Au and 141.00 g/t Ag, or 6.32 g/t AuEq.
    • 24DRDD001 intersected;
      • 6.00 m of 0.69 g/t Au and 224.17 g/t Ag, or 3.49 g/t AuEq, including,
      • 2.00 m of 0.58 g/t Au and 448.00 g/t Ag, or 6.18 g/t AuEq.
  • The shallow, high-grade intercepts have the potential to upgrade near-surface resources and enhance the economics of the open-pit scenarios outlined in the PEA. In addition, the deeper intervals support further expansion of underground resources, extending the mine life and creating new opportunities for resource growth.

 

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Dr. Ewan Webster, President and CEO, commented,

“These latest drill results are extremely encouraging, as they both continue to validate the high-grade potential near surface and confirm continuity of mineralization at depth.

 

“The shallow, high-grade gold and silver intercepts provide an excellent opportunity to enhance the open-pit scenario, while the deeper intervals align well with the underground stopes outlined in the PEA.

 

“With silver prices trending upwards, the substantial silver content in these intercepts provides a meaningful tailwind to the project’s economics, complementing the already projected 4 million+ ounces of average annual silver production outlined in the PEA.

 

“This progress is a key step in de-risking the project as we move toward our Pre-Feasibility Study in 2025.”

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The live gold price can be found HERE

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

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

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

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

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

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

.

=======

,

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

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

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

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

.

Disclosure

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

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BPM Minerals Drill Results Extend the Louie Gold Discovery

BPM Minerals (ASX: BPM)

Announced final assay results from the second round of drilling at the Louie Gold Discovery within the Claw Project in Western Australia.

 Significant assay results include:  CAC186 – 25m @ 1.27 g/t Au (from 29m) including 2m @ 11.63 g/t Au (from 29m).

 

 

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BPM MInerals

 

 

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BPM Minerals ASX: BPM
Stage Exploration
Metals Gold
Market Cap A$5.6 m  @ A$ 8c
Location Western Australia
Website www.bpmminerals.com

 

 

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BPM MInerals Further Assay Results Extend the Louie Gold Discovery

 

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BPM Minerals Ltd (ASX: BPM) (‘BPM’ or ‘the Company’) is pleased to announce final assay results from the second round of drilling at the Louie Gold Discovery within the Claw Project in Western Australia.

 

• Significant assay results include:
• CAC186 – 25m @ 1.27 g/t Au (from 29m) including 2m @ 11.63 g/t Au (from 29m)
• CAC223 – 10m @ 1.12 g/t Au (from 50m)
• CRC010 – 8m @ 0.95 g/t Au (from 94m) including 4m @ 1.64 g/t Au (from 97m)
• CAC213 – 3m @ 2.46g/t Au (from 45m)
• CAC194 – 7m @ 0.83 g/t Au (from 41m) inc. 3m @ 1.45 g/t Au (from 41m)
• Assay results define a 600m high-grade core at Louie consisting of multiple >1g/t Au assays including holes finishing in mineralisation lying within a 1,000m long, >100ppb Au gold in regolith anomaly.

• Planning for a 2,500m RC drilling program at Louie is underway, targeting the high-grade gold mineralisation at depth.
• Louie is located immediately south along strike of Capricorn Metals’ (ASX: CMM) 3.24Moz @ 0.8 g/t Mount Gibson Gold Project , giving BPM a prime opportunity within a proven gold corridor.
• Louie lies on the northern end of an ~8km long, highly prospective corridor that extends south to the Chickie Prospect. BPM intends to aggressively explore this underexplored corridor with aircore drilling planned for 2025.
• An additional 20km’s of prospective strike to be unlocked through fast-tracking of a new tenement application followed by aero-magnetic and soil sampling programs.

• A recent $1.675m placement was completed to drive exploration at the project.
Fig. 1 – MGGP-Claw Project Schematic Long-Section

 

Commenting on the drilling BPM CEO Oliver Judd:

“We are excited about the final assay results from our second round of air core drilling at the Louie greenfields gold discovery.

 

“Multiple holes have delivered over 1 g/t Au results, and several finishing in mineralisation near the standout discovery hole CAC186 – exactly what we wanted to see.

 

“We’re gearing up to test this discovery at depth with RC holes later this year. We are in a well-endowed gold environment lying immediately along strike from Mount Gibson, WA’s next gold mine in a ‘gold bull market’.

 

“Mt Gibson’s a 0.8 g/t resource so we’re highly encouraged to see multiple comparable intercepts in this early-stage drilling.

“”Environmental and heritage surveys are already underway or scheduled for the regional Aircore program, where we have ~20km of untested strike to explore, a rarity in the WA gold space.

 

“We’re fully funded after the recent $1.675m placement allowing us to aggressively explore the project. Investors can expect a steady stream of updates over the year as we advance the Louie Discovery and the broader project, which we believe has the potential to host multiple gold deposits.”

 

The Louie Prospect is located on the northern border of the Claw Project area immediately south 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 and 15m @ 18.56 g/t Au3,7) made earlier in 2024. These gold deposits make up
the current southern extent of CMM’s MGGP.

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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 BPM MInerals

 

 

.

To read our full terms and conditions, please click HERE



American Creek Acquirer Receives Sprott Token Investment

American Creek (TSX.V: AMK)

Further to the press release of American Creek Resources Ltd. dated today, Eric Sprott announces that 2176423 Ontario Ltd., a company which Mr. Sprott beneficially owns, has entered into a support and voting agreement with Cunningham Mining Ltd. in connection with Cunningham Mining’s proposed acquisition of all of the issued and outstanding common shares of American Creek.

 

American Creek

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American Creek TSX.v : AMK
Stage Exploration
Metals Gold
Market cap C$126 m   @ 28c
Location Golden Triangle, B.C.
Website www.americancreek.com

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Eric Sprott Announces Voting Support Agreement for Cunningham Mining Ltd.’s Proposed Acquisition of American Creek Resources Ltd

 

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September 06, 2024 3:52 PM EDT | Source: Eric Sprott

Toronto, Ontario–(Newsfile Corp. – September 6, 2024) – Further to the press release of American Creek Resources Ltd. dated today, Eric Sprott announces that 2176423 Ontario Ltd., a company which Mr. Sprott beneficially owns, has entered into a support and voting agreement with Cunningham Mining Ltd. in connection with Cunningham Mining’s proposed acquisition (Transaction) of all of the issued and outstanding common shares of American Creek (Shares).

Under the terms of the arrangement agreement dated September 5, 2024 between American Creek and Cunningham Mining, holders of Shares will receive $0.43 per Share in an all-cash transaction.

Mr. Sprott, through 2176423 Ontario, holds 65,000,000 Shares representing approximately 14.5% of the outstanding Shares.

Mr. Sprott holds the Shares for investment purposes and to support the Transaction and, depending on market or other conditions, may acquire additional securities of American Creek.

If the Transaction does not proceed and/or the support and voting agreement is terminated, Mr. Sprott may acquire additional securities of American Creek including on the open market or through private acquisitions or sell the securities including on the open market or through private dispositions in the future depending on market conditions, reformulation of plans and/or other relevant factors.

American Creek is located at 92 – 2nd Ave. West, Cardston, Alberta T0K 0K0. A copy of 2176423 Ontario’s early warning report will appear on American Creek’s profile on SEDAR+ at www.sedarplus.ca and may also be obtained by calling Mr. Sprott’s office at (416) 945-3294 (2176423 Ontario Ltd., 7 King Street East, Suite 1106, Toronto, Ontario M5C 3C5).

To read the full news release 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 American Creek

.

To read our full terms and conditions, please click HERE



Thesis Gold Files Updated PEA for Lawyers-Ranch Project

Thesis Gold (TSX.V: TAU)

Announced the Company has filed on SEDAR+ an updated Preliminary Economic Assessment technical report  for its wholly owned Lawyers-Ranch Project located in British Columbia, Canada. 

This updated PEA supersedes the previously filed Lawyers-only PEA (effective date September 9, 2022).

 

 

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Thesis Gold

 

 

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Thesis Gold TSX.v : TAU
Stage Exploration
Metals Gold
Market cap C$184 m   @94 cents
Location British Columbia, Canada
Website thesisgold.com

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Thesis Gold Files Updated PEA for Lawyers-Ranch Project

Vancouver, British Columbia — (October 16, 2024) – Thesis Gold Inc.(“Thesis” or the “Company”) (TSX.V: TAU| WKN: A3EP87 | OTCQX: THSGF) is pleased to announce the Company has filed on SEDAR+ an updated Preliminary Economic Assessment (“PEA”) technical report (the “Report”) for its wholly owned Lawyers-Ranch Project located in British Columbia, Canada.

This updated PEA supersedes the previously filed Lawyers-only PEA (effective date September 9, 2022).

The Report, entitled “Updated Preliminary Economic Assessment for the Lawyers-Ranch Project and Property” was independently prepared by JDS Energy & Mining Inc. of Vancouver, British Columbia, Canada in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) and has an effective date of August 30, 2024.

 

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The updated PEA results support a 12,600 tonnes per day open pit mining operation over a 14-year mine life. Highlights include:

  • Strong Economics: Pre-tax internal rate of return (“IRR”) of 46.0%, pre-tax net present value at a 5% discount rate (“NPV5%”) of C$1.99 billion, after-tax IRR stands at 35.2%, and an after-tax NPV5% of C$1.28 billion, using US$1,930 per ounce of gold and US$24 per ounce of silver (see Table 1).
  • Gold Price Sensitivity: The project remains robust at a wide range of gold prices from US$1,750 to US$2,500 with after-tax IRR of 28.8% to 52.8% (see Table 2).
  • Increased Production: The 2024 PEA saw a considerable increase in production versus the previous (2022) PEA with a 32% increase in annual average production to 215,000 gold-equivalent (“AuEq”*) ounces, including an average 273,000 gold-equivalent ounces annually over the first three years, and a 55% increase in Life-of-mine (“LOM”) production to 3.0 milliongold-equivalent ounces, extending mine life to over 14 years.
  • Low AISC: LOM all-in sustaining cash cost (“AISC”) of US$1,013 per ounce of gold equivalent.
  • Quick Payback: The project offers a quick after-tax payback of 2.0 years, a 29% decrease compared to the previous (2022) PEA.
  • Capex: Initial capital expenditure is estimated at C$598.4 million, with a compelling after-tax NPV5% to initial capital ratio of 2.1:1.
  • Project Upside: Significant Mineral Resource growth potential remains across both Lawyers and Ranch projects. The underground Mineral Resource at Lawyers is still open for expansion at depth, while Ranch Mineral Resource zones also remain open. Additionally, there are over 20 unexplored targets that hold potential for further discoveries.

 

 

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The PEA and summary above, is preliminary in nature and includes the use of inferred mineral resources that are considered too speculative geologically to have economic considerations applied to them that would enable then to be categorized as mineral reserves, and there is no certainty that the preliminary economic assessment will be realized.

 

More details can be found on Thesis’news release announcing the updated PEA dated September 5, 2024.

The PEA is available on SEDAR+ and Thesis’ website www.thesisgold.com.

AuEq* = Au + Ag/87

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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 Thesis Gold.

.



Mining Review 20th October 2024

Mining Review 20th October 2024

A week of highs and lows, with Orla Mining and Westgold announcing positive production updates, and Calibre Mining and West Red Lake Gold issuing disappointing news to dampen the mood in a week where gold reached a new all-time high price of $2,720.

 

 

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Westgold

 

 

City Investors Circle Mining Review 20th October 2024

 

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A week of highs and lows, with Orla Mining and Westgold announcing positive production updates, and Calibre Mining and West Red Lake Gold issuing disappointing news to dampen the mood in a week where gold reached a new all-time high price of $2,722, due to political turmoil and US rate cut expectations.

Industrial metals trended downward in a week where the precious metals rose.

The gold / silver ratio fell to 80 as silver is currently outperforming gold due to its industrial applications.

Looking at our watchlist companies, there were mixed news releases. 

Orla Mining and Westgold had three positive news releases beteen them to start the week, and then just as the higher gold price was maintaining an optimistic mood, Calibre Mining released poor production figures, and then West Red Lake Gold Mines announced another discounted fundraising, crashing the shareprice.

News from all our main watchlist companies is below, click the lin to be taken to the full story.

  West Red Lake Gold Mines Raised Further Funds

  Calibre Announces Q3 & Year to Date 2024 Gold Production

  Cartier cuts a high-grade gold system with 14.7 g/t Au over 4.3 m

  Orla Mining Repays Revolving Credit To Become Debt-Free

  Westgold Announced Record Prodution Post Merger

  Orla Mining Announced a Positive Production Update

  Mining Review 13th October 2024

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Click here for all company news archives

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Market Data

Weekly Price Changes

(US$ unless stated)

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Metal Prices Price Weekly % change
Gold price in UK £ £2086 2.41%
Gold 2722 2.45%
Silver 33.74 5.83%
Palladium 1086 1.59%
Platinum 1023 2.79%
Rhodium 4775 0%
Copper 4.25 -1.39%
Nickel 7.54 -3.08%
Zinc 1.36 -0.73%
Tin 14.2 -3.79%
Cobalt 10.88 0.09%
Manganese 2.94 -1.34%
Lithium 9774 -4.03%
Uranium 83.3 -0.12%
Iron Ore 104.1 -1.61%
Coking Coal 205 -1.91%
Thermal coal 147.3 -1.34%
 
 
Metal ETFs Price Weekly % change
GLD 251.27 2.14%
GDX 43.15 7.74%
GDXJ 53.87 8.54%
Sil 39.34 8.08%
SILJ 14.49 8.87%
GOEX  (PCX) 35.07 4.59%
URA 32.8 9.33%
COPX  45.81 -2.22%
HUI  344.56 7.93%
Gold / Silver ratio 80.68 -3.20%

 

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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.

.

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To read our full terms and conditions, please click HERE



West Red Lake Gold Raise Further Funds

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

Announced it has agreed with Raymond James Ltd., to increase the size of its previously announced bought-deal financing.

West Red Lake will now issue 36,232,000 units of the Company at a price of C$0.69 per Unit for gross proceeds of C$25,000,080.

 

 

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West Red Lake Gold Mines

 

 

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West Red Lake Gold Mines TSX.V : WRLG
Stage Exploration / Development
Metals Gold
Market cap C$186 m   @ 69 cents
Location Ontario, Canada
Website www.westredlakegold.com

 

Comment

For a company that have always promoted themselves as buying the project for next to nothing, (which is true of course, the mill cost $400 million to build, they paid pennies on the dollar), the perpetual raising of new money is disappointing.

My view is this will be followed by another raise when the mine is ready to start, and the market seems to agree with me that this raise is disappointing after the previous financing raised so much for a company ready to switch the mill back on.

They have promised a lot promotionally, now they have to deliver.

I may take the opportunity to top up if they fall any further, and tax loss selling is coming soon, so there may be opportunities at that point.

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West Red Lake Gold Raise Further Funds to “prepare for mining”

 

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West Red Lake Gold Mines (TSXV: WRLG) (OTCQB: WRLGF) is pleased to announce, it has agreed with Raymond James Ltd., to increase the size of its previously announced bought-deal financing.

West Red Lake will now issue 36,232,000 units of the Company (“Units”) at a price of C$0.69 per Unit for gross proceeds of C$25,000,080 (the “Offering”). Each Unit is comprised of one common share (each a “Common Share”) and one common Share purchase warrant (each whole warrant a “Warrant”). Each Warrant will entitle the holder thereof to purchase one Common Share at a price of C$0.90 for a period of 36 months following the closing of the Offering.

The Company has also granted to the Underwriters an over-allotment option to purchase an additional 15% of the base Offering, for additional gross proceeds to the Company of up to C$3,750,012, to acquire Units, Common Shares and/or Warrants (or any combination thereof), at the Underwriters’ discretion, and shall be exercisable by the Underwriters, in whole or in part, for a period of 30 days from and including the closing date.

In all other respects, the terms of the Offering and use of proceeds there from will remain as previously disclosed in the original press release dated October 24, 2024.

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To read the full news release please click HERE

.

The live Spot gold price can be found HERE

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=======

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

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

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

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

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

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

.

=======

,

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

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

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

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

.

Disclosure

At the time of writing the author holds shares in West Red Lake Gold Mines.

.

To read our full terms and conditions, please click HERE



Calibre Announces Q3 & Year to Date 2024 Gold Production

Calibre Mining (TSX: CXB)

Announced operating results for the three months (“Q3”) and nine months (“YTD”) ended September 30, 2024, updated 2024 guidance and an update on the Valentine Gold Mine, located in Newfoundland & Labrador, Canada.

 

 

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Calibre Mining

 

 

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Calibre Mining TSX: CXB
Stage Production, development, exploration
Metals Gold
Market cap C$2 Billion @ C$2.59
Location Canada, Nicaragua, USA
Website www.calibremining.com

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Calibre Announces Q3 & Year to Date 2024 Gold Production; Revises 2024 Guidance With Q4 Expected to Be the Strongest Production of the Year; Valentine Remains Fully Funded and On Track for Q2, 2025 Gold Production

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Oct 18, 2024
View PDF

VANCOUVER, British Columbia, Oct. 18, 2024 (GLOBE NEWSWIRE) — Calibre Mining Corp. (TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) announces operating results for the three months (“Q3”) and nine months (“year to date” or “YTD”) ended September 30, 2024, updated 2024 guidance and an update on the Valentine Gold Mine (“Valentine”), located in Newfoundland & Labrador, Canada. 

Calibre will host a conference call to discuss its Q3 operating results, revised full year guidance, and Valentine update this morning, October 18, 2024 at 10 am ET. To view the live webcast of the conference call, please click here . All figures are expressed in U.S. dollars unless otherwise stated.

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Q3 & YTD 2024 Production and Preliminary Cost Results

  • Consolidated Q3 gold sales of 46,076 ounces; Nicaragua 36,427 ounces and Nevada 9,649 ounces:
    • Consolidated Q3 Total Cash Cost 1 (“TCC”) of $1,580/oz: Nicaragua $1,615/oz and Nevada $1,451/oz; and
    • Consolidated Q3 All-In Sustaining Cost 1 (“AISC”) of $1,946/oz: Nicaragua $1,880/oz and Nevada $1,813/oz.
  • Consolidated YTD gold sales of 166,200 ounces; Nicaragua 140,646 ounces and Nevada 25,554 ounces:
    • Consolidated YTD TCC 1 of $1,379/oz: Nicaragua $1,364/oz and Nevada $1,463/oz;
    • Consolidated YTD AISC 1 of $1,656/oz: Nicaragua $1,554/oz and Nevada $1,734/oz; and
    • In addition to the mine sequence changes at Limon Norte discussed in Q2, year-to-date Nicaragua production was impacted due to lower than budgeted ore deliveries from the new Volcan open pit. Full year production from Volcan is expected to be approximately 20,000 ounces below budget because of the higher-than-expected historical artisanal mining activity. However, ore tonnes and grade from Volcan now align with expectations, as the deposit model has been confirmed by infill drilling. In Nevada, lower tonnes stacked impact metal production by approximately 5,000 ounces for the full year.

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Full Year 2024 Guidance Revision

  • Consolidated 2024 production guidance revised to 230,000-240,000 ounces.
  • Nicaragua’s Q4 mine plans deliver significantly higher ore tonnes mined, with production expected to be 60,000-70,000 ounces. Despite increasing ore haulage to Libertad by 30% to 3,000 tonnes per day in Q4, the Company forecasts an approximate 30,000 ounce increase in stockpiles by year end, available for processing in 2025.
  • Consistent with YTD performance, full year spend is anticipated to be in line with budget, with lower ounces sold resulting in higher TCC 1 and AISC 1 for 2024:
    • Consolidated TCC 1 has been revised to $1,300-$1,350/oz; and
    • Consolidated AISC 1 has been revised to $1,550-$1,600/oz.

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Valentine Construction & Capital Cost Update

  • Construction at Valentine surpasses 81% completion as of September 30, 2024:
    • Tailings Management Facility is complete and ready to receive water;
    • CIL leaching area tanks construction is nearing completion;
    • Reclaim tunnel and coarse ore stockpile construction is progressing;
    • Primary crusher installation is well advanced and overland conveyer construction has commenced; and
    • Pre-commissioning is underway.
  • Through September 30, 2024 Calibre has incurred costs of C$547 million. Estimated initial project capital has increased and is now forecast to be approximately C$744 million, resulting in a remaining cost to complete of C$197 million, inclusive of approximately C$20 million in contingency.
  • With approximately C$300 million in cash (US$115.8 million) and restricted cash (US$100 million) at September 30 Valentine’s initial project capital remains fully funded and the project remains on track to deliver first gold in Q2 2025.
  • The majority of the increase in capital is attributable to underperformance versus plan from certain contractors which has resulted in additional manpower, temporary camp accommodation, and extended time for certain contractor activities. Approximately 30% of the increase is a result of an underestimation in construction materials and scope of site infrastructure. Calibre had time contingencies, therefore remains confident that first gold will be delivered during Q2, 2025.

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

“Q3 Production was lower than expected primarily due to higher-than-expected historical artisanal mining activity on the initial benches of the Volcan open pit and mine sequencing at Limon. Ore tonnes and grade from Volcan are now aligning with expectations and the deposit model has been confirmed by infill drilling.

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“Consolidated Q4 production is expected to be 70,000-80,000 ounces driven by Nicaragua’s Q4 mine plans which indicate significantly higher ore tonnes mined.

.

“It’s important to note that after increasing ore haulage to Libertad by 30% over Q3, to 3,000 tonnes per day, we forecast a stockpile build of approximately 30,000 ounces which will be processed in 2025.

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“We are guiding to finish 2024 approximately 18% below the midpoint of our original production guidance, the 30,000 ounce stockpile positions us well for a strong close to the year and a solid start to 2025. TCC and AISC guidance has been revised reflecting the revised production, with total spend for the year consistent with budget.

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“Construction of the multi-million-ounce Valentine Gold Mine is progressing well, reaching 81% completion at the end of September. Cost pressures have emerged primarily due to contractor performance versus plan, which have resulted in increased manpower and associated costs.

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“The performance issues have been addressed, and we are confidently tracking towards mechanical and electrical completion in early Q1, 2025.

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“With approximately C$300 million in cash and C$197 million cost to complete, the Valentine build remains fully funded and on track for first gold during Q2, 2025, representing a significant milestone in Calibre’s strategy to diversify and grow its production in Canada.”

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.To read the full news release please click HERE

.

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 Calibre Mining

.



Cartier cuts a high-grade gold system with 14.7 g/t Au over 4.3 m

Cartier Resources Inc. (TSX.V: ECR)

Reported high-grade gold results from drilling exploration at its 100%-owned East Cadillac property, located 45 km east of the Val-d’Or mining camp.

Highlights included 14.7 g/t Au over 4.3 m included within 5.2 g/t Au over 20.6 m.

 

 

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Cartier Resources TSX.v : ECR
Stage Exploration
Metals Gold
Market cap C$28 m   @ 8 cents
Location Quebec, Canada
Website www.ressourcescartier.com

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Cartier cuts a broad high-grade gold system at East Cadillac; with 14.7 g/t Au over 4.3 m within 20.6 m grading 5.2 g/t Au

 

 

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Val-d’Or, Québec – October 16, 2024 – Cartier Resources Inc. (TSXV: ECR, FSE: 6CA) (“Cartier” or the “Company”) reports high-grade gold results from drilling exploration at its 100%-owned East Cadillac property.  The latter is located 45 km east of the Val-d’Or mining camp.

 

Highlights

 

  • The 28,000-m (174 drill holes) drilling exploration program continue to deliver high-grade gold results on the East Cadillac property (FIGURE).

 

  • Multiple high-grade gold intersections over considerable thickness, near surface, form a new gold system at North Contact Sector (Tables1 and 2 below):

 

  • 14.7 g/t Au over 4.3 m included within 5.2 g/t Au over 20.6 m
  • 6.3 g/t Au over 4.0 m included within 3.0 g/t Au over 15.0 m
  • 5.7 g/t Au over 4.0 m including 15.0 g/t Au over 1.0 m

 

  • Two drill rigs continue to explore high-grade gold targets along the regional Larder Lake – Cadillac Fault Zone.

 

 

 

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Philippe Cloutier, President and CEO commented 

“The results at North Contact are impressive and in the continuity of VG9, VG10 and East Bateman high-grade gold discoveries. 

 

“This new gold-bearing trend provides us various options generating numerous exploration opportunities to discover one or more gold systems that range from high to moderate gold grade” 

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To read the full news release, please click HERE

.

The live 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 holds no shares in Cartier Resources.

.

To read our full terms and conditions, please click HERE



Orla Mining Repays Revolving Credit To Become Debt-Free

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility totalling $58.4 million.

 

 

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Orla Mining Camino Rojo plant

Orla Mining heap leach pad, Solution pond, and Merrill-Crowe plant

 

Orla Mining Repays Revolving Credit Facility to Achieve Debt-Free Status

 

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Vancouver, BC – October 15, 2024 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce that, subsequent to quarter end, the Company repaid the entirety of the outstanding balance on its revolving credit facility (the “Credit Facility”) totalling $58.4 million.

With this repayment, the Company is now debt free with cash on hand of approximately $120 million. The Credit Facility of $150.0 million will remain in place and be available to the Company until its expiry on August 28, 2027. (All amounts expressed are in millions of US dollars and are unaudited).

 

 

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Etienne Morin, Chief Financial Officer stated

 

“Paying down the remaining outstanding balance on our Credit Facility, only in our third year of operations, is a testament to the robust cash generation from our Camino Rojo Mine.

 

“Our continued financial discipline coupled with the increasing gold price has strengthened our financial position and accelerated this repayment.

 

“We are well-positioned to continue to invest in our growing business for the future. Thank you to our lenders for their continued support.” 

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To read the full news release, please click HERE

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The live gold price can be found HERE

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

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

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

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

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

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

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=======

,

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

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

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

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

.

Disclosure

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

.

To read our full terms and conditions, please click HERE



Westgold Announces Record Prodution Post Merger

Westgold Resources (ASX / TSX: WGX)

Provided preliminary production results for Q1 FY25.

The Company produced a record 77,369 ounces of gold from its expanded portfolio, achieving an average sale price of $3,723/oz.

 

 

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Westgold

 

 

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Westgold ASX / TSX: WGX
Stage Production + development
Metals Gold
Market cap A$2.56  Billion @ A$2.41
Location Western Australia
Website www.westgold.com.au

 

 

Westgold Reports Record Quarterly Gold Production Post Merger

 

Westgold on track to meet FY25 Guidance with ramp-up back-ended in H2

 

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Perth, Western Australia, 14 October 2024: Westgold Resources Limited (ASX/TSX: WGX, OTCQX: WGXRF – Westgold or the Company) is pleased to provide preliminary production results for Q1 FY25.

The Company produced a record 77,369 ounces of gold from its expanded portfolio, achieving an average sale price of $3,723/oz. For clarity, the merger1 with Karora Resources completed on 1 August 2024 and as such Westgold’s Q1, FY25 result reported here is based upon 3 months of production from the Murchison (52,889 ounces) but only two months of production from the Southern Goldfields operations (24,480 ounces).

If the pre-merger, July output of 13,988 oz from the Southern Goldfields was included in the full Q1, FY25 result, reported Group gold production would have been 91,357oz.
Cash, bullion and liquids.

The Company’s cash, bullion and liquid investments at 30 September was $103.2m – net of the cash consideration and costs relating to the $1.4B Karora merger. With an additional $100m available in its undrawn Revolving Corporate Facility, the Company has $203m in available funds, bolstering liquidity during a period of peak capital investment.

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Westgold Managing Director and CEO Wayne Bramwell commented:

“In August Westgold successfully completed a $1.4B merger that created a top 5 ASX and top 10 TSX listed gold producer and propelled the company into the ranks of the ASX200.

 

“Q1 FY25 delivered our highest quarterly gold production yet, with the results only reflecting two months’ production from our Southern Goldfields operations.

 

“Westgold remains on-track to achieve our stated full-year production guidance, with production back-ended in the second half of the financial year as Bluebird South-Junction expands to the 1.2Mtpa run rate, Beta Hunt reaches expected run rate of >2Mtpa and mining commences at Great Fingall.

 

We look forward to delivering more quarterly production records and cash-build as we optimise, then expand our extended portfolio of assets in two of Australia’s most prolific gold producing regions”

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To read the full news release, please click HERE

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The live gold price can be found HERE

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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

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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 Westgold.

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To read our full terms and conditions, please click HERE



Orla Mining Positive Production Update

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an operational update for the third quarter ended September 30, 2024, and provide an update to annual production guidance.

The Camino Rojo Oxide Mine produced 43,788 ounces and sold 38,265 ounces of gold during the third quarter 2024. 

 

 

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Orla Mining project panoramic view and location map

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

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$2 billion   @ C$6.19
Location Zacatecas, Mexico + Nevada
Website www.orlamining.com

 

 

 

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Orla Mining Provides Q3 2024 Operational Results and Tracks Towards Record Production Year

Camino Rojo Delivers Record Quarterly Gold Production of 43,788 oz Leading to Increased Production Guidance

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Vancouver, BC – October 10, 2024 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the third quarter ended September 30, 2024, and provide an update to annual production guidance.

(All amounts expressed in millions of US dollars, as at September 30, 2024 and are unaudited)

Third Quarter 2024 Camino Rojo Oxide Mine Operational Update

The Camino Rojo Oxide Mine produced 43,788 ounces and sold 38,265 ounces of gold during the third quarter 2024.

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Production and cost guidance

As a result of the production outperformance year-to-date at Camino Rojo, the Company is increasing full year gold production guidance to 130,000 to 140,000 ounces.

The previous production guidance range, revised in August, was 120,000 to 130,000 ounces, while the initial annual guidance was 110,000 to 120,000 ounces.

The year-to-date outperformance is driven by improved recoveries from finer crushing, higher mined and processed grade, and higher tonnes stacked. The higher strip ratio in the quarter is a result of a mine pit redesign to ensure consistent access to ore to maintain balanced production.

In August 2024, full year all-in sustaining cost1 (“AISC”) guidance was improved to a range of $800 to $900 per ounce of gold sold. As a result of the higher production guidance, full year AISC is now expected to reach the low end of the guidance range.

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Liquidity Position

During the third quarter 2024, Orla repaid $20.0 million towards its revolving credit facility bringing the outstanding drawn amount to $58.4 million.

At September 30, 2024, Orla’s cash position was $180.9 million resulting in a net cash position of $122.5 million2. 

The Company has an undrawn amount of $91.6 million available on its revolving credit facility, which supports total liquidity of $272.5 million at quarter end3. Orla intends to further reduce the drawn amount on its revolving credit facility in the fourth quarter. The liquidity position at September 30, 2024, is shown below. Financial and operating results for the third quarter 2024 will be provided on November 12, 2024.

  Cash position – September 30, 2024 $180.9
  Long-term debt3 $58.4
  Net cash2 $122.5
  Undrawn debt available3 $91.6
  Total available liquidity2 $272.5

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Third Quarter 2024 Conference Call

Orla will host a conference call on Wednesday November 13, 2024, at 10:00 AM, Eastern Time, to provide a corporate update following the release of its financial and operating results for the third quarter 2024:

Dial-In Numbers / Webcast:

Canada – Toronto:                +1 (647) 932-3411

Canada – Toll-Free:              +1 (800) 715-9871

Conference ID:                       8182356

Webcast:                              https://orlamining.com/investors/presentations-and-events/

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To read the full news release, please click HERE

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The live gold price can be found HERE

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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 Orla Mining.

.

To read our full terms and conditions, please click HERE



Impact Minerals Issue a Project Update For Lake Hope

Impact Minerals (ASX:IPT)

Announced that it has appointed an experienced marketing manager to spearhead the company’s engagement with potential off–take partners and customers for High–Purity Alumina (HPA) produced from the Lake Hope HPA project, located 500 km east of Perth in Western Australia.

 

 

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Impact Minerals

 

 

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Impact Minerals ASX: IPT
Stage Exploration
Metals Gold, Silver, PGM’s, zinc, copper
Market cap A$36 m @ 0.0142c
Location Queensland, NSW, Western Australia
Website www.impactminerals.com.au

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Impact MInerals Project Update: Lake Hope High Purity Alumina (HPA) Project, WA.

 

Impact Minerals Limited (ASX:IPT) is pleased to announce that it has appointed an experienced marketing manager to spearhead the company’s engagement with potential off–take partners and customers for High–Purity Alumina (HPA) produced from the Lake Hope HPA project, located 500 km east of Perth in Western Australia.

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Highlights

• Marketing Manager with expertise in critical minerals, appointed to spearhead the company’s engagement with customers and off–take partners.• Negotiation Protocol signed with the PBC for the Ngadju Aboriginal people with a first meeting set for October 16th.• Mining studies completed with quotes awaited for costs for mining and transport of the lake sediment to Kwinana.• Final report awaited for an upgrade of a significant part of the Lake Hope alumina resource to the Measured Resource category.• Engineering studies for the proposed process plant in Kwinana continue on schedule with a focus on acid reuse.• Testwork progressing with a 20 kg sample of intermediate material being prepared for acid leaching as part of the Low Temperature Leach Process.

 

New Marketing Manager

Joseph Casella joins Impact following five years at Tianqi Lithium, the majority owner of the Greenbushes lithium–tantalum mine, where he was responsible for the commercial aspects of the Kwinana Lithium Hydroxide plant.

This involved customer management and new product development for lithiumprocessing by–products, in particular providing marketing support for feasibility studies to beneficiate aluminosilicates into high–purity products.

Joseph’s expertise includes developing and refining market strategies, managing complex supply chains, leveraging benefits from international trading houses, and leading circular economy and ESG initiatives which will also form part of his role. His deep understanding of critical mineral markets, including lithium and aluminosilicates, positions him as the ideal leader for spearheading customer engagement inImpact’s HPA business.

His proven track record in building strategic customer relationships and businessdevelopment will significantly contribute to driving growth and fostering new opportunities in this sector.

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To read the full news release, please click HERE

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The live gold price can be found HERE

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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 Imoact MInerals.

.

To read our full terms and conditions, please click HERE



Capricorn Metals KGP Q1 Production On Track For Guidance

Capricorn Metals Limited (ASX: CMM)

Provided a preliminary update on the quarterly production at the Karlawinda Gold Project.

KGP delivered another steady quarter of operations, producing 25,559 ounces of gold, in line with expectations as per the FY25 mine plan.

 

 

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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$2.2 B  @A5.84
Location Western Australia
Website www.capmetals.com.au

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Capricorn Metals KGP Q1 PRODUCTION 26KOZ ON TRACK TO ACHIEVE FY25 GUIDANCE

 

Capricorn Metals Limited (ASX: CMM) (Capricorn or the Company) is pleased to provide a preliminary update on the quarterly production at the Karlawinda Gold Project (KGP).

KGP delivered another steady quarter of operations, producing 25,559 ounces of gold, in line with expectations as per the FY25 mine plan.

The operation is on track to achieve FY25 guidance of 110,000 – 120,000 ounces at an AISC of $1,370 – $1,470 per ounce.

Operating statistics for the quarter are tabled below:
Sep24Q 
Material mined BCM (‘000) 3,697 
Ore milled t (‘000) 1,088 
Head Grade g/t 0.80 
Recovery % 91.9
Gold production Oz 25,559 

 

Gold production for the quarter reflected the focus on increasing total material movement from the Bibra open pit to achieve the planned pit face positions for end of quarter, delivering a 17% increase in material movement compared to the previous quarter.

The Company has begun realising these benefits in the form of greater productivities and working areas available. This progress establishes a solid foundation at Bibra for the remainder of FY25.

Pleasingly following the commissioning of liquid oxygen and lead nitrate facilities, gold recovery rates have also stabilised in the plant at the budgeted rate of 91.9% in this quarter.

Full operational and cost details will be provided in the Quarterly Report later in October 2024.

The Company’s cash and gold on hand at the end of the September 2024 quarter was
$144.6 million (Jun24: $125.0m). This represents a cash build of $24.1 million for the quarter (Jun24: $24.6m) before discretionary capital expenditure at the Mt Gibson Gold Project (MGGP).

The capital spend on development activities at MGGP for the quarter was $4.5 million with the main focus being continued installation of the 400-room accommodation village for operations.

To date Capricorn has spent $23.9 million on these early construction works. This early spend of part of the $260 million MGGP capital budget is a strategic decision to compress the ultimate construction timeframe.

Development activities at the MGGP continued to be advanced in the September 2024 quarter:
• Installation of the 400-room accommodation village for operations continued with all
buildings for the camp now in place and associated services being installed.
Construction is on target to be completed in CY24 with partial occupation planned to
commence then;

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To read the full news release please click HERE

.

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

.



Barton Gold High Grade Tarcoola Assays Confirm Additional Open Pit Gold

Barton Gold  (ASX:BGD)

Confirmed further high-grade open pit Perseverance Mine assays at the Tarcoola Gold Project (Tarcoola).

Follow up drilling to July 2024 Tarcoola JORC Mineral Resource Estimate (MRE) confirms new adjacent zones including TBM0212 5m @ 5.94 from 11m 1m @ 23.8g/t Au.

 

 

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Barton Gold

 

 

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Barton Gold ASX: BGD
Stage Production, development
Metals Gold
Market Cap A$55 Million   @ 25c
Location South Australia
Website www.bartongold.com.au

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Barton Gold High Grade Tarcoola Assays Confirm Additional Open Pit Gold

 

Barton Gold Holdings Limited (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to confirm further high-grade open pit Perseverance Mine assays at the Tarcoola Gold Project (Tarcoola).

 

HIGHLIGHTS

• Follow up drilling to July 2024 Tarcoola JORC Mineral Resource Estimate (MRE) confirms new adjacent zones of shallow pit floor gold mineralisation, with key high-grade assays including:
Hole ID Interval (m) Grade (g/t Au) Depth (m) Including
TBM0212 5m @ 5.94 from 11m 1m @ 23.8g/t Au
TBM0209 4m @ 10.4 from 32m 1m @ 34.4g/t Au
TBM0215 6m @ 6.17 from 39m 2m @ 13.4g/t Au
TBM0215 5m @ 6.07 from 99m 1m @ 28.3g/t Au
TBM0213 7m @ 9.63 from 67m 2m @ 28.0g/t Au

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Commenting on the latest Perseverance Mine drilling results, Barton MD Alexander Scanlon said:

“We are pleased to confirm further high-grade mineralisation in the Perseverance Mine’s open pit floor.

 

“This is expected to support the definition of additional JORC Resources and we plan to review potential extensions as we position our assets for a potential ‘Stage 1’ operation utilising our fully permitted Central Gawler Mill.”

 

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New pit floor gold zone

Following the definition of a shallow new JORC MRE of ~20koz @ ~2 g/t Au in the Perseverance Mine’s open pit floor, Barton completed another 10 holes (882m) of follow up drilling during July 2024.

Assay results have confirmed another pit floor gold zone to the east of the July 2024 MRE block model.

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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 Barton Gold

 

 

To read our full terms and conditions, please click HERE

.



Thesis Gold Announces Completion of 2024 Field Program

Thesis Gold (TSX.V: TAU)

Announced the successful completion of its 2024 exploration season 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$184 m   @94 cents
Location British Columbia, Canada
Website thesisgold.com

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Thesis Gold Announces Completion of 2024 Field Program: On Track to Commence PFS and EIA in Early 2025

Vancouver, British Columbia–(Newsfile Corp. – October 7, 2024) – Thesis Gold Inc. (TSXV: TAU) (WKN: A3EP87) (OTCQX: THSGF) (“Thesis” or the “Company“) is pleased to announce the successful completion of its 2024 exploration season at its 100% owned Lawyers-Ranch Project in the prolific Toodoggone Mining District of northern British Columbia.

 

This season’s comprehensive fieldwork provided critical geological, engineering, and environmental data, further supporting ongoing permitting efforts and positioning the Company for a smooth transition into a Pre-Feasibility Study (PFS). The Lawyers-Ranch Project continues to emerge as a standout, advanced-stage asset with substantial near-term production potential and exploration upside.

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2024 Program Highlights:

  • Drilling:
    • A total of 9,510 metres (m) was drilled during the 2024 field season. Metres were split between engineering and environmental baseline studies, resource upgrading and expansion, and exploration.
      • 5400 m was drilled at Ranch, emphasizing geotechnical and water monitoring studies. Geology-focused drilling at Ranch followed up on targets from last year and included new exploration targets.
      • 4100 m was drilled at Lawyers to upgrade existing resources and confirm mineralization in conceptual modelled stopes.
    • Near-Term Catalyst:  Initial drill results are expected soon and will continue to be released over the coming months.
  • Engineering work:
    • A geotechnical drilling program at Ranch was completed to assess rock quality, providing essential data to enhance confidence in future mine design efforts.
    • A test pit program was completed at Ranch to assess ground qualities at proposed waste rock storage facility sites.
    • Metallurgical and geochemical samples were collected from Ranch core to:
      • Continue optimizing the process flow sheet, and
      • Further support studies on acid base accounting.
  • Environmental studies: 
    • Ranch is in its second year of a two-year baseline study period. Biologists and hydrogeologists were on-site collecting data to characterize the project’s aquatic, terrestrial, geochemical, and meteorological components.
    • 2-year baseline data collection at Lawyers is now complete, with only final reporting outstanding.
  • Field Geology:
    • Field crews identified regionally prospective geological units and structural trends and confirmed the presence of visual mineralization during reconnaissance geological mapping at newly staked claims located north and east of Ranch.

 

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Dr. Ewan Webster, President and CEO, commented,

“The successful completion of the 2024 exploration season marks a key milestone for Thesis Gold.

 

“This key work is in preparation for the Environmental Assessment process and positions us to swiftly transition into the PFS.

 

“With a strong PEA already in place and accelerated progress toward PFS and permitting, the Lawyers-Ranch Project stands out as a premier, advanced-stage asset with significant near-term production potential and considerable exploration upside.”

 

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The live gold price can be found HERE

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=======

.

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

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

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

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

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

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

.

=======

,

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

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

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

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

.

Disclosure

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

.



Cartier Mobilizes Drill Rig to Advance High-Grade Gold Discovery

Cartier Resources (TSX.V: ECR)

Announced the deployment of a second drill rig at its 100%-owned East Cadillac property, located 45 km east of Val-d’Or.  

This expansion is part of Cartier’s ongoing 28,000-meters drill program targeting high-grade gold sectors.

 

 

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Cartier Resources

 

 

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Cartier Resources TSX.v : ECR
Stage Exploration
Metals Gold
Market cap C$28 m   @ 8 cents
Location Quebec, Canada
Website www.ressourcescartier.com

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Cartier Mobilizes Second Drill Rig to Advance High-Grade Gold Discovery on East Cadillac

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Val-d’Or, Québec – Octobre 1, 2024 –  Cartier Resources (TSX.V: ECR, FSE: 6CA) (“Cartier” or the “Company”) announces the deployment of a second drill rig at its 100%-owned East Cadillac property, located 45 km east of Val-d’Or.  This expansion is part of Cartier’s ongoing 28,000-meters drill program targeting high-grade gold sectors.

 

Highlights

 

  • The second drill is now active, focusing on the recently discovered high-grade gold VG10 Zone and extending exploration along the VG Structure over a 1.5 km strike. Approximately 35 shallow holes are planned.

 

  • The VG10 Zone, discovered in 2023, situated in the centre of East Cadillac, has been drilled successfully in 2024 with 60% of drilled holes contained visible gold. The best previous intercepts include:
  • 142.2 g/t Au over 0.5 m
  • 137.4 g/t Au over 0.5 m
  • 43.2 g/t Au over 1.0 m included within 15.7 g/t Au over 3.0 m
  • 30.2 g/t Au over 1.0 m

 

  • The first drill continues testing high-grade gold regional targets across the property.

 

Philippe Cloutier, President and CEO commented,

“We’re excited to accelerate exploration of high-grade gold zones on East Cadillac with the second drill.

 

“The consistency and grade of the VG9-VG10 Zones have been impressive, and we’re eager to expand their potential.  

“Meanwhile, our first drill continues to deliver encouraging visual results from regional targets.”

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To read the full news release, please click HERE

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The live gold price can be found HERE

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At the time of writing the author holds  no shares in Cartier Resources.

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