i-80 GOLD (TSX: IAU)
Announced the results of Metallurgical work completed by Blue Coast Research on samples from the company’s Ruby Hill and Golden Hill Projects located in Eureka County and along the southeastern end of the Battle Mountain / Eureka gold trend in Nevada. Continue reading
Skeena Resources (TSX: SKE)
Announced that it has secured a financing package totaling US$750 million with Orion Resource Partners for the development, construction, and general working capital required to advance the Company’s 100%-owned Eskay Creek Gold-Silver Project. Continue reading
Gold Road (ASX: GOR)
Reported excellent progress as it advances its 100% owned Resources towards mine readiness at Yamarna.
Drilling at Gilmour is on schedule to deliver updated Resources and Reserves in late CY2024. Continue reading
Karora Resources (TSX: KRR)
Announced that it has filed and is in the process of mailing the management information circular and related materials for the annual general and special meeting of shareholders of Karora to be held on July 19th, 2024. Continue reading
Calibre Mining (TSX: CXB)
Announced that B2Gold Corp. has transacted on 79 million shares of its Calibre share position to new long-term shareholders at a price of C$1.76, in an arm’s length transaction. Continue reading
Colonial Coal. (TSX.V: CAD)
The company’s potential has been highlighted by a new report by Epstein Research, which analyses new market data to project a potential valuation for Colonial Coal’s assets in the prolific Peace River Coking Coal Belt B.C., Canada. Continue reading
Ascot Resources (TSX: AOT)
Announced that the Company has closed the second of two tranches of the C$5 million non-brokered flow through private placement, the proceeds of which will be used to fund the 2024 exploration program at the Company’s Premier Gold Project in the prolific Golden Triangle of British Columbia. Continue reading
West Red Lake Gold Mines (TSXV: WRLG)
Stated that the company “has a goal to restart the Madsen Gold Mine in H2 2025.”
This announcement of a projected mine restart date is significant news for shareholders, after recent fundraisings and delays caused frustration. Continue reading
Barton Gold (ASX:BGD)
Confirmed the sale of gold recovered from its December 2022 mill cleanout and preservation program.
A provisional payment of AUD$4.25 million has been received. Continue reading
Cornish Metals (TSX.V / AIM: CUSN)
Has entered into a binding letter of intent with Northera Resources Ltd. for the sale of the company’s 100-per-cent interest in the Nickel King and Opescal Lake properties for a total consideration of up to $8-million. Continue reading
Capricorn Metals (ASX: CMM)
Advised that it has used the recent pull back in the A$ gold price to reduce its gold hedge book by 52,000 ounces to provide further exposure to any increase in the A$ gold price over the next 18 months. Continue reading
Barton Gold (ASX:BGD)
Confirmed that its current ~7,000m drilling program in the Tarcoola Goldfield has restarted.
The program is testing new structural targets near the Perseverance Mine. Continue reading
Calidus Resources (ASX: CAI)
Announced a maiden JORC 2012 Mineral Resource at the Nullagine Gold Project of 6.9Mt at 2.15g/t Au for 475,114 ounces.
This includes Measured and Indicated Resources of 4.1Mt at 2.33g/t Au for 307,497 ounces, representing 65% of the total Resource. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Reported that a gold bar was poured using the refinery in the Madsen mill on June 8, 2024. Continue reading
Mining Ventures (TSX: GMIN)
Has filed its joint management information circular and related materials for its AGM of the holders of common shares in the capital of GMIN, on July 9, 2024 at 15.00 UK time.
GMIN Special Committee and Board unanimously recommend voting FOR the Arrangement. Continue reading
G Mining Ventures (TSX: GMIN)
Provide dan update on commissioning progress at GMIN’s 100%-owned Tocantinzinho Gold Project in the State of Pará, Brazil.
TZ is engineered to produce approximately 175,000 ounces of gold annually over its initial 10.5-year mine life and is on track and on budget for commercial production in H2-2024. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
The drill results are focused on the high-grade South Austin Zone, which currently contains anIndicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold . Continue reading
American Creek (TSX.V: AMK)
Announced that it has entered into a non-binding and arm’s length letter of intent dated June 5, 2024 with Cunningham Mining Ltd., to engage in due diligence and negotiations regarding the terms of a proposed transaction whereby Cunningham, or a subsidiary of Cunningham, would acquire all of the issued and outstanding securities of the Company. Continue reading
Mining Review 9th June 2024
It was an eventful week for Calibre Mining, reporting good drill results near their Valentine gold project in Newfoundland, and a “partial slope movement” at their mine in Nicaragua. It was the latter than the market focused on.
We have to hope that this can be contained and repaired without serious incident. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Outlined some of the key mine infrastructure and development projects the Company plans to undertake at the Madsen Mine in the near to medium term with the funds from its recent financings.
West Red Lake Gold has a goal to restart the high-grade Madsen gold mine in the second half of 2025. Continue reading
