G Mining Ventures (TSX: GMIN)
Announced that it has completed its first gold pour at GMIN’s 100%-owned Tocantinzinho Gold Projectin the State of Pará, Brazil.
The first pour yielded approximately 440 ounces of gold. Continue reading
Author Archives: Mining Desk
Calibre Receives Approval for the Operation of the Volcan Gold Deposit
Calibre Mining (TSX: CXB)
Announced that the corresponding Nicaraguan authorities have granted the Company the key environmental permits for the development and production of the open pit mines at the Volcan gold deposit located approximately 5 km south of the Libertad mill. Continue reading
Victoria Gold Heap Leach Failure – Can it Survive?
Victoria Gold (TSX: VGCX)
On the 24th June Victoria Gold reported a Heap leach pad “incident”, and operations were “temporaily suspended”, which sounded fairly innocuouos at the time.
What they failed to say was that around two million tons of a four million ton leachpad had slipped off the top of the mountain and collapsed down the side!
I seriously doubt the company can survive this catastrophe, and I predict it will cease to exist.
Skeena Announces Positive Judgement By The BC Appeal Court
Skeena Resources (TSX: SKE)
Announced that the British Columbia Court of Appeal overturned the decision of the Chief Gold Commissioner and Supreme Court of British Columbia in the matter,Skeena Resources Limited v Richard Mill, the Chief Gold Commissioner of British Columbia and Orogenic Gold Corp. Continue reading
Orla Mining Files Request for Arbitration Against Panama
Orla Mining (TSX: OLA / NYSE: ORLA)
Announced that, further to its April 10, 2024, news release, the Company has filed a Request for Arbitration against the Government of Panama under the Canada-Panama Free Trade Agreement. Continue reading
Wesdome Extends High Grade Mineralization Across Multiple Zones
Wesdome Gold Mines (TSX: WDO)
Updated on underground exploration activities at the Company’s wholly-owned Eagle River Mine near Wawa, Ontario.
Drilling has extended the high grade zone 150 metres to the east, adjacent to existing infrastructure. Hole 758-E-456: 71.7g/t Au over 3.3 m core length (58.2g/t Au capped, 2.8 m true width). Continue reading
Ascot Reports Q2 2024 Production Results and Commissioning Update
Ascot Resources (TSX: AOT)
Announced second quarter production results and provides a commissioning update at the Company’s Premier Gold Mine (“Premier”), located on Nisga’a Nation Treaty Lands in the prolific Golden Triangle of northwestern British Columbia. Continue reading
Orla Mining Reports Positive Drilling Intersections at Camino Rojo Sulphides
Orla Mining (TSX: OLA)
Updated on its exploration activities at Camino Rojo Sulphide Extension from the first half of 2024.
Highlight results included 4.57 g/t Au, 19.4 g/t Ag, 2.56% Zn, (6.16 g/t AuEq) over 15m, incl. 51.1 g/t Au, 8.08% Zn over 0.8m. Continue reading
Calidus Suspended and Administrators Appointed
Calidus Resources (ASX: CAI)
Reported the shocking news that their shares have been suspended by the ASX, and Administrators have been appointed.
Mining is continuing currently. Continue reading
Market Review for June 2024 published
Market Review for June 2024
City Investors Circle has published the Market review for June 2024.
The features company is Barton Gold. Other company updates include Calibre Mining and G Mining Ventures, plus updated stock and commodity market data. Continue reading
i-80 Gold Positive Metallurgical Results from Ruby Hill
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 Secures US$750M Project Finance Package
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’s Yamarna Readiness Project Delivering Positive Results
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 Files Management Information Circular
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
B2Gold Reduces Share Ownership In Calibre Mining
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 Coals’ Potential Highlighted by New Report
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 Closes C$5 Million Flow Through Private Placement
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 Now Has a Projected Mine Re-start Date
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 $4.25 Million Gold Sale
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 Announces Sale of Nickel King Property
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