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.

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Figure 2 – Vincent-Luc Authier, Construction Manager at TZ with the First Gold Bar Poured at the Mine (CNW Group/G Mining Ventures Corp)

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G Mining Ventures Announces First Gold Pour at Tocantinzinho Project

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BROSSARD, QC, July 9, 2024 – G Mining Ventures Corp. (“GMIN” or the “Corporation”) (TSX: GMIN, OTCQX: GMINF) is pleased to announce that it has completed its first gold pour at GMIN’s 100%-owned Tocantinzinho Gold Project (“TZ” or the “Project”) in the State of Pará, Brazil.

The first pour yielded approximately 440 ounces of gold, and the Project remains on time and budget for commercial production in the second half of 2024.

Once in commercial production, TZ will become Brazil’s third-largest primary
gold mine.

Highlights

o First gold pour at Tocantinzinho achieved on time and budget, only 22 months after the formal construction decision
o Commercial production and subsequent ramp-up to nameplate plant capacity of 4.7 million tonnes per annum expected to be achieved in H2-24
o Over 2.6 Mt of ore, containing over 78,000 gold ounces, mined and stockpiled ahead of the processing plant ramp-up.

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Louis-Pierre Gignac, President & Chief Executive Officer, commented: 

“I am delighted to announce that TZ has achieved the significant milestone of the first gold pour, less than two years after the formal construction decision.

 

“The team successfully constructed TZ on time and in line with the original budget while maintaining an outstanding safety record. This milestone is a testament to the strength of our self-perform approach and demonstrates our competitive advantage.

 

“I sincerely thank our employees and contractors for their remarkable efforts in achieving this milestone. I look forward to ramping up the operation to commercial production in the second half of 2024.

 

“We are excited about TZ’s future and its significant role in Brazil’s gold mining industry.”

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To View G Mining Ventures’ historical news, please click here

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To read the full news release, please click HERE

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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.

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CALIBRE RECEIVES ENVIRONMENTAL APPROVAL FOR DEVELOPMENT AND OPERATION OF THE VOLCAN GOLD DEPOSIT LOCATED IN THE LIBERTAD MINE COMPLEX

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.

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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!

This material contains cyanide and other nasties you wouldn’t want getting into the water supply of people down stream, and the fish will probably suffer too, again affecting people that fish the river for sustinense.

I seriously doubt the company can survive this catastrophe, and tI predict it will cease to exist in fairly short order.

In their most recent announcement last Thursday the company stated there was no cyanide contamination of the water supply, only to be contradicted on Friday when elevated levels were conformed to have been detected in a nearby gulch, which narrowly exceeded guidelines.

This coincided with Victoria’s lenders declaring a default on their loans.

A heap leach specialist has informed a meeting that the pad is “unsafe to walk on”, and there’s no chance of heavy machinery going on it to start remediation work, which suggests to me this is going to be a long drawn out affair, and with loans in default I predict Victoria will not exist as a company soon.

It would not surprise me to see criminal charges against someone either, this is a huge catastrophe, and will set mining in the Yukon back years in my opinion.

In the short term I expect the First Nations are going to be enraged at this desecration of their land and will take time to come to terms with it.

I fear this story has a long way to run yet.

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If I were a Victoria Gold shareholder, I would be writing off my entire investment at this point, it’s hard to see how it will ever trade again given the size of the catastrophe, the difficulties in beginning to remediate the site, and the withdrawal of ledners’ support.

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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.

.

Disclosure

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

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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.

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Skeena Resources – Eskay Creek drilling, Golden Triangle, B.C. Canada.

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SKEENA ANNOUNCES POSITIVE JUDGMENT BY THE BRITISH COLUMBIA COURT OF APPEAL REGARDING THE ALBINO LAKE STORAGE FACILITY

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.

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Orla Mining Cerro Quema project panoramic view

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Vancouver, BC – July 3, 2024 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) announces 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 (the “FTA”). 

The Request for Arbitration asserts that measures taken by Panama in respect of the Cerro Quema Project constitute violations of Panama’s legal obligations under the FTA and customary international law.

A Notice of Intent to Arbitrate was filed with the Government of Panama under the FTA on March 28, 2024, which was intended to facilitate a 30-day consultation period to reach an amicable resolution to the Company’s claim. As no resolution was reached, the Company has proceeded with filing the Request to Arbitrate.

The arbitration will be facilitated and administered by the International Centre for Settlement of Investment Disputes (ICSID) in Washington, DC, under its Arbitration Rules. As part of the FTA requirements, the Company has submitted an initial and preliminary estimate of damages claimed of no less than US$400 million, plus pre-award and post-award interest.

Although the Company intends to vigorously pursue these legal remedies, the Company’s preference is a constructive resolution with the Government of Panama that results in a positive outcome for all stakeholders.

The Cerro Quema Project is located on the Azuero Peninsula in the Los Santos Province of Southwestern Panama, about 45 km southwest of the city of Chitre. The project includes a pre-feasibility-stage, open-pit, heap leach gold project, a copper-gold sulphide resource, and various exploration targets.

The Company believes that the Cerro Quema Project could be an important social and economic contributor to Panama, creating employment and skills development opportunities and contributing tax, royalty, and other fiscal benefits to the host communities and governments. The Company also maintains a strong commitment to operating in an environmentally responsible manner.

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To View Orla Mining’s historical news, please click here

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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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=======

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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 Orla Mining.

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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).

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Wesdome Gold Mines Kiena Mine, Quebec.

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Wesdome Extends and Confirms High Grade Mineralization Across Multiple Zones Near Eagle River Mine Infrastructure

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. 

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Ascot Resources Premier mine, Golden Triangle, British Columbia, Canada.

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. Vancouver, B.C. July 3, 2024 — Ascot Resources Ltd. (TSX: AOT; OTCQX: AOTVF)(“Ascot” or the “Company”) announcesd 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. Initial commissioning material was introduced into the grinding circuit of the mill on March 31, 2024, initial commissioning ore started to be processed on April 8, 2024, and first gold was poured on April 20, 2024. During the remainder of the quarter, the Company continued commissioning the mill, water treatment plant, and established the secondary underground egress at the Big Missouri deposit to commence production in its planned stoping areas. Many of the commissioning challenges encountered in the mill have been addressed, which is starting to demonstrate an increasing frequency and quantity of gold pours.   . SECOND QUARTER 2024 HIGHLIGHTS Established the second egress and exhaust vent raise at the Big Missouri deposit on June 18th Project to date development of 3,861 metres, of which 89% relates to Big Missouri and 11% relates to Premier Northern Lights (“PNL”) Second quarter development of 1,764 metres, of which 1,381 metres related to Big Missouri and 383 metres relates to PNL. Significant progress in the second half of the quarter has been made at PNL where the development rates have increased to over 6 metres per day The operation is moving from mining lower-grade commissioning ore from the development headings to mining of the planned higher-grade stoping areas. During the quarter, Ascot processed 85,436 dry tonnes of mostly development ore in the commissioning of the mill, containing an estimated total of 5,713 ounces of gold Poured 839 ounces of gold and 1,288 ounces of silver, and an estimated 3,178 ounces of gold-in-process remains in the mill circuit Sold 735 ounces of gold to the offtaker at an average realized price of US$2,357/oz (C$3,229/oz) Delivered 42 ounces of gold and 562 ounces of sliver per stream and royalty arrangements The Company addressed a number of commissioning issues in the mill related to the gravity circuit, elution circuit, and thickening process Cash balance at June 30, 2024 of approximately C$12 million     .. .Derek White, President & CEO, and Director commented, “Ascot progressed through many important milestones in the second quarter, including the start of processing commissioning ore in the mill, the first gold pour from the gravity circuit, and subsequent pours from the carbon-in-leach circuit as a part of the commissioning process.   “While various challenges were encountered within the mill startup, many corrective measures and changes have been made, resulting in an upward trajectory in processing reliability, throughput, and the ensuing gold pours.   “With stoping activity in higher-grade areas having started at the Big Missouri deposit, we anticipate a noticeable increase in gold pours in the very near term.”

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To View i-80 Gold’s historical news, please click here

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To read the full news release, please click HERE

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Live spot metal prices can be found HERE

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

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

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

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

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

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

.

=======

,

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 Ascot Resources.

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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.

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

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Sylvain Guerard, Orla’s Senior Vice President, Exploration

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.

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Calidus Resources Warrawoona mine

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I have to admit this news floored me.

Calidus have had issues, but the recent refinancing and hedge delay looked to have given them a clear path to profitability in the short term, and they had around A$9 million in treasury.

I expect a total loss of my investment here, a first for me.

It’s unbelievable that after executing the financing and construction perfectly, a miner producing gold at record prices has gone under.

I am removing them from our watchlist, and will advise if any positive news is released, but I expect the creditors to empty the trough and not leave anything for the shareholders.

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Calidus Suspended and Administrators Appointed

An Australian Mining.com article detailing the collapse can be found HERE

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ASX Announcement

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

Notice is hereby given that Hayden White and Daniel Woodhouse of FTI Consulting (Administrators) were appointed as joint and several voluntary administrators to the following entities on 28 June 2024:
• Calidus Resources Limited (ACN 006 640 553) (Calidus Resources, ASX:CAI);
• Keras (Pilbara) Gold Pty Ltd (ACN 169 795 037) (Keras (Pilbara));
• Calidus Blue Spec Pty Ltd (ACN 643 467 501) (Calidus Blue);
• Keras (Gold) Australia Pty Ltd (ACN 152 080 110) (Keras (Gold));
• Millennium Minerals Pty Ltd (ACN 003 257 556) (Millennium Minerals); and
• Calidus Otways Pty Ltd (ACN 640 807 183) (Calidus Otways).

It should be further noted that Richard Tucker and John Bumbak of Korda Mentha were appointed as Receivers and Managers by the senior secured creditor Macquarie Bank to Calidus Resources, Keras (Pilbara) and Calidus Blue on 28 June 2024.

Entities not under the control of Receivers and Managers, being Keras (Gold), Millennium Minerals and Calidus Otways hold and operate the Nullagine project and are under the sole control of the Administrators.

The Administrators are undertaking an urgent assessment of the project, with a view
to commencing a process to seek a sale, or recapitalisation of the project as soon as possible.

Contact details and further information
Information on creditor processes will be uploaded to the FTI Consulting creditor portal
(https://www.fticonsulting.com/creditors).

This announcement was authorised to be provided to ASX by the Administrators
Media & Shareholder inquiries Creditor inquiries
Shane Murphy
Strategic Communications
FTI Consulting Australia
+61 (0) 420 945 291 /
+61 8 9321 8533
shane.murphy@fticonsulting.com

Suppliers and trade creditors of entities under the control of
the Receivers and Managers should contact them via
calidus@kordamentha.com
(i.e. Calidus Resources, Keras (Pilbara) and Calidus Blue)
Creditors of the Nullagine project entities will be contacted
by FTI Consulting.

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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

.

=======

,

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 Calidus Resources.

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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. 

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City Investors Circle 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.

To subscribe to receive our complimentary monthly newsletter and invitations

to our free to attend events,

please email andrew@city-investors-circle.com

=======

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.

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I-80 Gold Corp. mine portal

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i-80 Gold Provides Positive Metallurgical Results from Ruby Hill and Golden Hill

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.

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Skeena Resources – Eskay Creek drilling, Golden Triangle, B.C. Canada.

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SKEENA RESOURCES SECURES US$750 MILLION PROJECT FINANCING PACKAGE

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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.

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Gold Road’s Yamarna Readiness Project Delivering Positive Results

Gold Road Resources Limited (ASX: GOR) (Gold Road or the Company) is pleased to report excellent progress as it advances its 100% owned Resources towards mine readiness at Yamarna.

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HIGHLIGHTS

 Drilling at Gilmour is on schedule to deliver updated Resources and Reserves in late CY2024.
 Technical studies to support a comprehensive feasibility study are being advanced, these include geotechnical, metallurgical, hydrological, and infrastructure planning.
 Environmental studies and community engagement are progressing well with the Yilka People to co-design infrastructure corridors and support the permitting and approvals process including negotiation of a Native Title Agreement.
 The technical and environmental studies, and community consultations are being progressed on the basis of Gilmour being the first of several potential mining developments within the 100% Gold Road owned Yamarna tenure.

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Encouraging definition drilling results from Gilmour Main Shoot

A 18,287 metre Reverse Circulation (RC) and 6,972 metre diamond (DDH) drilling program designed to increase confidence in and progress the Gilmour Mineral Resource (0.3 Moz at 3.28 g/t Au)1 to report an Ore Reserve in late CY2024 is nearing completion.

Results received to date
support and refine the existing geological interpretation, with better results including:
 10 metres at 7.59 g/t Au from 108 metres (GMRC00022)2
 5 metres at 11.29 g/t Au from 114 metres (GMRC00057)
 7 metres at 7.43 g/t Au from 40 metres (GMRC00023)
 5 metres at 9.83 g/t Au from 155 metres (GMRC00042)
 9 metres at 5.33 g/t Au from 81 metres (GMRC00046)
 4.45 metres at 10.72 g/t Au from 191.45 metres (GMRCD00082)

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Potential new mineralisation at Gilmour North

Geological interpretation and modelling of recently reported drilling results show potential for a new mineralised shoot approximately 700 metres northwest of Gilmour.

The strike length potential exceeds 350 metres with a thickness of between 3 to 8 metres with moderate to high grades of between 2.5 to 6.0 g/t Au. A broad spaced step-off diamond drilling program designed to test down dip extensions of these existing results is currently underway.

Previously reported results from this exploration drilling included:
 8 metres at 3.58 g/t Au from 203 metres (GMRC00099)
 8 metres at 2.54 g/t Au from 203 metres (GMRC00105)

Additional drilling has been planned to test the mineralisation at 100 metre spaced centres this year.

Favourable results may extend the Resource to be reported in 2024 and further expand the scope of the Yamarna Mine Readiness Project.

Yamarna Mine Readiness Project

Gold Road’s 100% owned Yamarna Mineral Resources of 6.4 million tonnes at 2.44 g/t Au for 0.51 million ounces4 are currently undergoing studies as well as Reserve definition and Mineral Resource extensional drilling as part of the “Yamarna Mine Readiness Project”.

The Yamarna Mine Readiness Project is a program of drilling and studies that are
designed to unlock future value from Gold Road’s 100% owned Yamarna tenements.

After delays associated with the significant rain event in March 2024, an expedited Reserve definition drilling program commenced at the Gilmour Resource (2.9 million tonnes at 3.28 g/t Au for 303,000 ounces), with three rigs in operation.

In addition to the Gilmour Reserve definition drill program, step out drilling to the north of Gilmour has returned favourable exploration results. Further drilling is now planned and has the potential to extend the Mineral Resource and the scope of the mining studies.

Gilmour is the largest of the Yamarna Resources. Exploration and mining studies over several years are anticipated to continue advancing several resources and prospects towards mine readiness along the prospective Yamarna Shear Zone between Gilmour and Earl’s Find.

The Yamarna Mineral Resources are anticipated to be developed by Gold Road and processed at Gruyere via toll treatment provisions under existing agreements with Gold Fields, Gold Road’s Joint Venture partner at Gruyere. 

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

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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

.

=======

,

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 Gold Road Resources.

.

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. 

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Gold in drill core from Beta Hunt mine, Western Australia

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Karora Resources Files Management Information Circular In Connection With Proposed Arrangement

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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.

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B2GOLD REDUCES SHARE OWNERSHIP IN CALIBRE MINING

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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.

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Colonial Coal	TSX.v : CAD
Stage	Exploration
Metals	Metallurgical coal
Market cap.	C$3488m   @ C$2.15
Location	British Columbia, Canada
Website	www.ccoal.ca

Colonial Coal featured in New Research Report

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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.

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Company Profile

Based in Vancouver, British Columbia, Colonial Coal International Corp. (CCIC) is a publicly traded pure-play metallurgical coal development company.

Currently, CCIC holds a 100% interest in two resource-stage coal properties in the Peace River Coalfield of northeastern British Columbia, Canada: namely, the Huguenot and Flatbed properties. NI 43-101 compliant resources totalling approximately 189 million tonnes of combined Measured & Indicated resources plus 194 million tonnes of Inferred resources of hard coking coal have been estimated for main deposit at Huguenot.

NI 43-101 compliant resources totalling approximately 298 million tonnes of Inferred metallurgical coal resources have been delineated at Flatbed.

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To View Colonial Coal’s historical news, please click here

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The Research Report can be read 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

.

=======

,

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 Colonial Coal.

.

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.

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Ascot Resources – Big Missouri portal

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Ascot Closes Final Tranche of C$5 Million Flow Through Private Placement

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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.

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West Red Lake Gold Now Has a Projected Mine Re-start Date

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Jill Christmann, WRLG Chief Geologist stated,

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.

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Barton Gold $4.25 Million Gold Sale

HIGHLIGHTS

• Sale of ~1,400oz gold produced from December 2022 mill cleanout and preservation program
• Provisional payment of 90% received, totalling USD $2.82 million (AUD $4.25 million)

Barton Gold Holdings Limited (ASX:BGD, OTCQB:BGDFF, FRA:BGD3) (Barton or the Company) is pleased to confirm the sale of gold recovered from its December 2022 mill cleanout and preservation program.

Approximately 1,400 ounces gold have been sold via a treatment and refining contract for the Company’s gold concentrate materials, the general terms of which include the following:
• 11 dry metric tonnes of concentrates (+/- 10%);
• Market competitive treatment (TC) and refining charges (RC) and Au / Ag payability (Payability);
• 90% initial payment against current assays, average 10 day gold price (Provisional Payment);
• independent third party weighing, sampling and moisture determination (WSMD);
• independent third party sampling and assay of all concentrate materials (Assays);
• final payment based upon WSMD, Assays, and average July gold price (Final Payment); and
• other terms and conditions standard for a gold refining and sale contract of this type.
The USD $2.82 million (AUD $4.25 million) Provisional Payment received therefore represents an initial deposit payment pursuant to which the acquiror has taken custody of the materials. WSMD and Assays sampling will now be undertaken on the materials prior to export for processing, refining and sale.

The Final Payment will be a ‘balancing payment’ based upon final WSMD, Assays, Payability and other cost factor calculations, and average July 2024 gold / silver prices.

Commenting on Barton’s gold sale, Barton Managing Director Alex Scanlon said:

“We are very excited to announce this gold sale, which has been achieved on extremely competitive terms.

 

“This outcome reflects both a great deal of hard work by our management team, and its broader commercial skill.

 

“This is also an excellent result for our shareholders. Barton continues to differentiate itself not only via the costefficient advancement of its development projects, but also a growing track record of asset monetisation.

 

“Since our June 2021 IPO, these efforts have generated over A$10 million in non-dilutive cash (net of costs) for Barton, the proceeds of which have to-date covered 100% of our corporate costs and reinforced our treasury position.”

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To View Barton Resources’ historical news, please click here

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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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Disclosure

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

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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.

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South Crofty Head frame

Cornish Metals to sell Nickel King, Opescal properties

2024-06-17 08:41 ET – News Release

Cornish Metals Inc. (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.

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

“The sale of Nickel King aligns with Cornish Metals’ objective to focus its efforts on advancing its 100% owned and fully permitted South Crofty tin project, in the UK, towards a construction decision.

 

“Cornish Metals will retain exposure to any future exploration success at Nickel King, as Northera works to recommence exploration activities at the Nickel King Property which comprises approximately 4,000 hectares in mining leases and mineral claims in Canada’s Northwest Territories.”

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Under the terms of the Agreement:

Northera will pay Cornish Metals a non-refundable cash payment of C$100,000 within five days of signing the Agreement.

Within 95 days of signing the agreement, Cornish Metals will transfer to Northera the legal and beneficial title to the mining leases and mineral claims comprising the Nickel King Property, and Northera will pay the Company a non-refundable cash payment of C$900,000.

Cornish Metals and Northera will enter into a final definitive agreement (the “Definitive Agreement”) on or before the date that is 60 days following the signing of the Agreement.

Upon completion of a go public transaction by Northera, resulting in a listing of securities on the TSX Venture Exchange, or other stock exchange, Northera will issue to Cornish Metals common shares in the capital of Northera having an aggregate market value equal to C$7 million. 1

The Company’s wholly owned Nickel King Property is located in the Northwest Territories, 135 km northeast of Stony Rapids, Saskatchewan.

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To View Calidus Resources’ historical news, please click here

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To read the full news release please click 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 Calidus Resources.

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