Mining Review 6th October

A quiet week news wise, with the only exploration success reported by West Red Lake Gold mines.

Gold rallied back to $2650 on the back of international tension, and silver is rallying hard too on falling mine production and increased industrial demand.

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City Investors Circle Mining Review 6th October

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Mining Review 6th October

A quiet week news wise, with the only exploration success reported by West Red Lake Gold Mines.

Lefroy Exploration, an early stage Australian company reported an incresed resource at their project in Western Australia.

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Gold rallied back to $2665 on the back of international tension, and silver is rallying hard too on falling production and increased industrial demand.

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News from our watchlist companies is listed below, please click on the lin to be taken to the full story.

Lefroy Exploration  (ASX: LEX)

Provided an update to the Resource Estimate for the Burns Central prospect located in the Eastern Goldfields of Western Australia.

A significant shallow high-grade Au zone has been delineated within the existing Burns Central MRE, totalling 4.22Mt @ 1.18 g/t Au for 159,285 contained ounces which includes 46,538 oz of gold in oxide. 

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Lefroy Exploration – Burns RC drilling, August 2022

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American Creek Resources (TSX.V: AMK)

Announced that it has received the $300,000 cash signing fee payment from Cunningham Mining Ltd.  as required by the definitive arrangement agreement dated September 5, 2024.

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To read the full news release please click HERE

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The live gold price can be found HERE

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

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

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

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

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

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

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

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

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

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Disclosure

At the time of writing the author holds shares in American Creek

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

Reported initial drill results from the Upper 8 Target from its 100% owned Madsen Property located in the Red Lake Gold District of Northwestern Ontario, Canada.

Hole WRL24-002Intersected 4.1m @ 14.20 g/t Au, from 354.8m to 358.9m.

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Calibre Mining Corp. (TSX: CXB)

Announced the appointment of Mr. David Schummer as Senior Vice President & Chief Operating Officereffective October 1, 2024, and Stephen McCaughey as Vice President Technical Services, Nicaragua.

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Market Review September 2024

The featured company is Westgold (ASX / TSX: WGX)

The review contains news about watchlist companies making news in the last month. These included a takeover bid for American Creek, and a gold discovery for Calibre Mining.

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City Investors Circle Market Review September 2024

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The featured company is Westgold (ASX / TSX: WGX)

The review contains news about watchlist companies making news in the last month. These included a takeover bid for American Creek, and a gold discovery for Calibre Mining.

Notable news releases from all our watchlist companies are included in the news section.

The review featured a review of the silver market and speculates that with silver production falling slightly year on year, and industrial applications relating to green energy rising, the metal is due a good uplift in price moving forwards.

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The month’s news in full can accessed here.

To receive future copies of the Review and invitations to our free to attend company presentations, please mail andrew@city-investors-circle.com

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

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

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

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

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

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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 shares in some of the companies mentioned.

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

Announced a Town Hall meeting in Red Lake to engage with community members about the Company’s plans at the Madsen Mine and to recruit new employees.

West Red Lake Gold aims to restart the Madsen Mine in 2025.

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Uranium Energy Corp. (NYSE: UEC)

Announced that it has entered into an agreement with Rio Tinto America Inc. to acquire 100% of Rio Tinto’s Wyoming assets, comprised of the wholly-owned and fully-licensed Sweetwater Plant  and a portfolio of uranium mining projects with approximately 175 million pounds of historic resources.

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Uranium Energy Corp Expands U.S. Production Capacity with Acquisition of Rio Tinto’s Sweetwater Plant and Wyoming Uranium Assets

BPM Minerals Ltd (ASX: BPM)

(‘BPM’ or ‘the Company’) is pleased to announce the completion of drilling at the Claw Gold Project in WA.

The Claw Gold Project consists of 33km of highly prospective strike, immediately south along strike of $2.2 billion Capricorn Metals Ltd.’s (ASX: CMM) 3.24Moz Mt. Gibson Gold Project.

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BPM Minerals completes Drilling  at the High-Grade Louie Discovery:

Results Pending and Further Exploration Potential Realised

BPM Minerals Ltd (ASX: BPM) (‘BPM’ or ‘the Company’) is pleased to announce the completion of drilling at the Claw Gold Project in WA.

The Claw Gold Project consists of 33km of highly prospective strike, immediately south along strike of $2.2 billion Capricorn Metals Ltd.’s (ASX: CMM) 3.24Moz Mount Gibson Gold Project (MGGP)

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Highlights

. The MGGP is set to become one of West Australia’s next major gold mines underpinned by a ~5mtpa processing plant with planned production of ~150koz p.a.
• An additional 40 Aircore holes (2,129m) have been completed on infill drill traverses to the original 200m spaced drill lines that included the recent high grade gold discovery at the Louie Prospect:
• CAC186 – 30m @ 1.84g/t Au (from 25m) including 5m @ 7.12 g/t Au (from 35m)1
• Drill samples are at the laboratory with results expected mid-October.
• 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 Mount Gibson Gold Project, giving BPM a prime opportunity within a proven gold corridor.
• Louie lies on the northern extent of an ~8km long, highly prospective corridor that extends to the south through the Chickie Prospect. BPM plans to aggressively explore this largely untested corridor with aircore drilling of this zone in 2025.
• BPM intends to unlock an additional 20km’s of prospective strike for exploration through fasttracking of a new tenement application followed by aero-magnetic and soil sampling programs planned to commence in 2025.

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Commenting on the drilling BPM CEO Oliver Judd:

“We’re pleased to have completed this second round of drilling at Louie, part of the Claw Gold Project.

 

“This is shaping as a highly promising greenfields discovery in one of Western Australia’s most prospective gold corridors.

 

“We are in a heavily endowed environment at Mt Gibson, immediately along strike from WA’s next gold mine in a ‘gold bull market’.

 

“The upcoming assays, due mid-October, will guide us toward deeper RC drilling.

 

“This is the beginning, and investors can expect a steady stream of updates over the year as we advance the Louie Discovery and the broader project that has the potential to host multiple gold deposits.”

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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

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

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

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

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

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

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

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

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

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Disclosure

At the time of writing the author holds shares in BPM MInerals

To read our full terms and conditions, please click HERE

Calidus Resources (ASX: CAI)

The Receivers and Administrators have confirmed that former CEO David Reeves is no longer an employee of the company, but remains a director for now.

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Calidus Resources new solar and battery farm at the Warrawoona Gold Mine, WA.

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

ASX code: CAI
We refer to the appointment of Receivers and Managers to the below entities,
• Calidus Resources Limited (ACN 006 640 553 )
• Keras (Pilbara) Gold Pty Ltd (ACN 169 795 037)
• Calidus Blue Spec Pty Ltd (ACN 643 467 501)
(all Receivers and Managers Appointed and Administrators Appointed)
(collectively ‘the Group’)

The appointment of the Receivers and Managers was made in response to the board of directors decision to appoint Hayden White and Daniel Woodhouse of FTI Consulting as Voluntary Administrators to the Group on 28 June 2024.

The Receivers and Managers advise that Mr David Reeves, Managing Director, has ceased to be an employee of the Group with effect from 24 September 2024.

Reeves remains a director of the Group and will continue to assist the Receivers and Managers and Administrators pursuant to his statutory duties and obligations.

Given the creditors meeting scheduled for Friday, 27 September 2024, the Receivers and Managers do not intend to replace Mr Reeves at this stage.

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To read the full news release please click HERE

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West Red Lake Gold Mines (TSXV: WRLG)

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

The highlight was hole M24D-08-4447-035Intersected 4.48m @ 49.39 g/t Au, from 114.91m to 119.39m, Including 2.5m @ 76.51 g/t Au, from 116.0m to 118.5m.

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Aris Mining (TSX: ARIS)

Published an updated corporate presentation used in the recent US based mining conferences.

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Aris Mining New Corporate Presentation

Aris Mining (TSX: ARIS)

Published an updated corporate presentation used in the recent US based mining conferences.

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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

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

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

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

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

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

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

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

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

.

Disclosure

At the time of writing the author holds shares in Aris Mining

To read our full terms and conditions, please click HERE

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Mining Review 22nd September 2024

Gold reached a new (nominal) all-time high during the week as the US rate cut lowered the value of the US dollar.

BPM Minerals announced good drill results just south of Capricorn Metals’ Mount Gibson property in Western Australia.

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City Investors Circle Mining Review 22nd September 2024

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Gold reached a new (nominal) all-time high during the week, ending at $2,625 an ounce,  as the US rate cut lowered the value of the US dollar.

Industrial metals improved as anticipation of a Chinese government stimulus package to promote growth grows. Bellwether copper rose 3.39%.

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BPM Minerals announced good drill results just south of Capricorn Metals‘ Mount Gibson property in Western Australia. The stock rose sharply briefy to 14c, then fell back to close at 8 cents.

News from companies in our watchlists in listed below, click on the link to be taken to the full story.

  American Creek Aquisition to be Financed by Gold Tokens

  Westgold Published an Updated Corporate Update

  BPM Minerals High-Grade Gold Discovery at the Claw Gold Project

  Pacgold to Commence Aircore and RC Drilling at Alice River

  Capricorn Metals Updated Corporate Presentation

  Mining Review 15th September 2024

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Market Data

Weekly Price Changes

(US$ unless stated)

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

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

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

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

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

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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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Calidus Resources

Mark Creasy, the famous Australian mining entrepaneur is the new owner of Calidus Resources, being the only bidder for the company in admininstration.

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Calidus Resources commemorative coin

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CALIDUS RESOURCES LIMITED (RECEIVERS AND MANAGERS APPOINTED) (ADMINISTRATORS APPOINTED)

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The Voluntary Administrators (“the Administrators”) of Calidus Resources Limited (Receivers and Managers Appointed) (Administrators Appointed) (ASX:CAI) and its subsidiaries in the attached schedule (“Companies”), give the following update.

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Notice of Concurrent Second Meeting of Creditors

Pursuant to section 75-225 of the Insolvency Practice Rules (Corporations) 2016, the Administrators issued their Report to Creditors (“Report”) on 18 September 2024, ahead of the second meeting of creditors for each of the Companies, to be held concurrently to decide the Companies’ future.

The Second meeting of creditors will be held on Friday 27 September 2024, where creditors will vote on the future of the Group. This meeting is for creditors and not shareholders.

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Report to Creditors & DOCA Proposals

At the time of issuing the report, there was only one interdependent set of Deed of Company Arrangement (“DOCA”) proposals received from the West Coast group of companies (“West Coast DOCA proposal”) that was capable of acceptance.

The West Coast group of companies is a related party of the Secured Lender, West Coast Lending, which acquired the secured debt on 1 August 2024.

As is usual in a second meeting of creditors during an administration process, as well as the option of voting for a DOCA (should one be proposed), creditors may vote to liquidate the Companies, or hand them back to the control of the directors should the Companies be solvent.

Given only one DOCA proposal is currently capable of completion, in the Report the Administrators expressed that, in their opinion it would be in the creditors’ interests for the Companies to execute the West Coast DOCA proposal on the terms proposed, as on balance, it is likely that creditors will receive a greater return under the West Coast DOCA Proposals than they would if the Companies were immediately wound up.

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To read the full news release, please click HERE

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

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

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

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

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

.

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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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American Creek (TSX.V: AMK)

Cunningham Mining Ltd, the acquiror of American Creek, announced the launch of its Nugget Trap Token (NGT) offering, priced at $0.60 USD per token.

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Comment

As an American Creek Shareholder I had mixed feelings abour being acquired, despite the healthy premium being offered, as I felt the higher gold price would lead to some corporate activity sooner or later.

When I learned that this acquisition by Cunningham Mining is being funded by a token issuance, I started to have serious doubts as to whether they can pull this off.

Details of the token are now emerging, and I still have doubts as to whether this idea will work.

If it does work it breaks new ground for mining investment, if it doesn’t, the share price will halve in short order I would imagine. 

I have considered selling my stock and buying the token, but decided against it for now, but am considering a small investment in the token, and I have applied for details.

My final thought is that I have my doubts whether this acquisition will go through, and the market seems to agree with me as the share price is holding at around two thirds of the offer price, yet nobody is rushing in to try and make an easy buck.

Not for widows or ophans.

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Westgold (ASX / TSX: WGX)

Published an updated corporate update showing the new company after the Karora Resources acquisition recently.

The Karora acquisition transformed West gold into a top 5 Australian gold producer with a market cap around A$1.8 billion.

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Westgold Publishes Updated Corporate Update

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Westgold (ASX / TSX: WGX)

Published an updated corporate update showing the new company after the Karora Resources acquisition recently.

The Karora acquisition transformed West gold into a top 5 Australian gold producer with a market cap around A$1.8 billion.

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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

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

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

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

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

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,

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

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

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

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

.

Disclosure

At the time of writing the author holds shares in Westgold

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BPM Minerals (ASX: BPM)

Announced promising high-grade initial rilling results from the second phase of drilling at the Louie Prospect, part of the Claw Gold Project in WA.

The highlight was 30m @ 1.84 g/t Gold from 25 metres including 5m @7.12 g/t Au from 35m.

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High-Grade Gold Discovery at the Claw Gold Project, WA

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BPM Minerals Ltd (ASX: BPM) (‘BPM’ or ‘the Company’) is pleased to announce promising high-grade initial rilling results from the second phase of drilling at the Louie Prospect, part of the Claw Gold Project in WA.

The highlight was 30m @ 1.84 g/t Gold from 25 metres including 5m @7.12 g/t Au from 35m. 

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Highlights

• Initial aircore drilling assay results have returned the following high-grade intercept from the Louie Prospect:
• CAC186 – 30m @ 1.84g/t Au (from 25m) including 5m @ 7.12 g/t Au (from 35m)
• Louie is located immediately south along strike of Capricorn Metals’ (ASX: CMM) 3.24Moz Mount Gibson Gold Project, providing BPM with an exceptional opportunity to explore within a proven gold corridor.
• The drilling program is focused on testing the 1km long, 100ppb gold in regolith anomaly, identified during Phase 1 drilling earlier this year. This anomaly shares similar geology to the gold mineralisation found to the north at the Mount Gibson Gold Project.
• 6 RC holes have been completed that targeted the downdip extent of existing aircore regolith anomalies. Results are awaited.
• Additional aircore drilling is presently underway on 100m infill traverses to better define the substantial gold in regolith anomaly defined to date.
• Planning for Phase 3 follow up RC drilling has commenced.
• Option issue Prospectus to be issued in the next few weeks.

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The Claw Gold Project consists of 33km of highly prospective strike, immediately south along strike of $2.2 billion Capricorn Metals Ltd.’s (ASX:CMM) 3.24Moz Mount Gibson Gold Project (MGGP)
. The MGGP is set to become one of West Australia’s next major gold mines underpinned by a ~5mtpa processing plant with planned production of ~150koz p.a.

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Commenting on the drilling BPM CEO Oliver Judd:

“We’re delighted to have received exceptional results from Louie in this second round of drilling at the Claw Gold Project.

 

“This is shaping as a highly promising greenfields discovery in one of Western Australia’s most prospective gold corridors. We are in a heavily endowed environment at Mt Gibson, immediately along strike rom WA’s next gold mine in a ‘gold bull market.

 

“With additional drilling nearly complete, we are eager to further delineate the high-grade core of this 1km regolith anomaly. The upcoming assays, due within the
month, will guide us toward deeper RC drilling.

 

“This is the beginning, and investors can expect a steady stream of updates as we continue to explore what could turn into a game-changing discovery with clear strategic
potential in relation to Mount Gibson.”

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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

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

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

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

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

.

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,

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

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

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

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

.

Disclosure

At the time of writing the author holds shares in BPM Minerals.

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Pacgold Limited (ASX: PGO)

Provided an exploration update on the recommencement of a regional aircore and RC drilling campaign at the Company’s 100% owned Alice River Gold Project, 300km northwest of Cairns, North Queensland.

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Pacgold Alice River drilling 11th August 2022

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Pacgold to Commence Regional Scale Aircore and RC Programmes at Alice River

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Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to provide an exploration update on the recommencement of a regional aircore and RC drilling campaign at the Company’s 100% owned Alice River Gold Project (‘the Project’), 300km northwest of Cairns, North Queensland.

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HIGHLIGHTS

• 6,000m aircore bedrock geochemical programme scheduled to commence in first
week of October
• Regional focus aimed at unlocking size potential of overall mineralised system and generation of multiple follow up drill targets for the 2025 exploration season
• Programme to test a comprehensive 14km of IP geophysical and structural targets with maximum coverage possible of known mineralised corridor
• 3,000m reverse circulation (RC) programme designed to following up on existing
regional targets Posie, Jerry Dodds, Central Target and Southern Target areas not
previously drilled
• Multiple target areas of known historic mineralisation coinciding with geophysical structural anomalies to be tested over the next quarter.

New Pacgold Managing Director, Matthew Boyes, commented:

“Having spent the last week on a very successful first site visit to Alice River, I came away extremely impressed with the potential for delineation of a regional large scale gold system at Alice River.

 

“The majority of the system hasn’t been drill tested, with this new programme designed to better understand and unlock a further 12-14km of previously untested strike extensions.”

 

“IP geophysical targets, in conjunction with previously drilled RC, diamond and airtrack holes, have defined anomalous gold mineralisation in approximately 90% of all drillholes drilled to date.

 

“That’s an extremely high success rate and I feel the project purely lacks ‘drills turning’ on more than one of the multiple structural and geophysical targets identified to date to unlock and define a significant system.”

 

“Drilling is commencing within the next 3 weeks with a full team now back on site and clearing and  pegging of the 800 plus drill sites now nearing completion. I’m looking forward to seeing drills turning and initiating some continuous newsflow into the near year”

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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

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

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

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

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

.

=======

,

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

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

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

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

.

Disclosure

At the time of writing the author holds shares in Pacgold.

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Capricorn Metals (ASX: CMM)

Has published an updated corporate presentation, which was presented to investors at the recent Diggers and Dealers Mining Conference in Kalgoorlie, Western Australia.

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Capricorn Metals Karlawinda Mine

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Capricorn Metals Updated Corporate Presentation

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Capricorn Metals (ASX: CMM) has published an updated corporate presentation, which was presented to investors at the recent Diggers and Dealers Mining Conference in Kalgoorlie, Western Australia.

The share price is rising as the company progresses at Mt. Gibson, and the gold price rises to an all-time high, sending additional income straight to the bottom line from their Karlawinda mine production.

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To read the full news release please click HERE

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The live Spot gold price can be found HERE

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

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

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

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

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

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

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

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

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

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Disclosure

At the time of writing the author holds shares in Capricorn Metals.

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Mining Review 15th September 2024

Gold reached a new intraday all-time high as anticipation of a US rate cut boiled over.

American Creek was acquired by Cunningham Mining, as the takeover season hots up, with Centamin Egypt also being bought out, and Newmont sold out their interest in Haveiron to Greatland Gold.

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City Investors Circle Mining Review 15th September 2024

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Gold reached a new intraday all-time high as anticipation of a US rate cut boiled over, and heightened political tensions over the west arming Ukraine with long range weapons to strike deep inside Russia.

Silver also responded and other industrial metals turned positive after Russia threatened to cease the export of certain strategic metals to “unfriendly countries”.

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American Creek was acquired by Cunningham Mining, as the takeover season hots up. This is a strange transaction as Cunningham is funding the takeover with a token issue, as opposed to raising capital via a share issue or simply paying cash.

The takeover price is 43 cents, considerably higher than the share price on the day of the offer, over 100% in fact. The current share price of 27 cents is puzzling, and suggests that the market doubts that Cunningham can pull off the deal in my opinion.

I wonder if there’s an opportunity here?

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Centamin Egypt , listed in London, is also being bought out, by Anglogold Ashanti, and Newmont sold out their interest in Haveiron to Greatland Gold. 

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Looking at the news from other companies on our watchlists, G Mining Ventures and Calibre Mining continue to churn out good news with regularity. Westgold also reported further good news during the week.

To read the news in full for last week, please click on the links below to be taken to the full story.ive