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
Author Archives: Mining Desk
Barton Gold Tarcoola Goldfield Drilling Restarts
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 Announce Maiden Resource to underpin Nullagine Restart
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 Pours Gold Bar From Madsen Mill Cleanup
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
G Mining Directors Recommend a Vote FOR the Arrangement
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 Commences Processing Ore at Tocantinzinho
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 Intersects 16.69 g/t Au over 8m
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 Non-Binding LOI and Exclusivity With Cunningham
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
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 Outlines 2024 Madsen Mine Plans
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
Calibre Finds New Gold Mineralisation At Valentine
Calibre Mining (TSX: CXB)
Announced drill results from its 2024 exploration program within its Valentine Gold Mine complex in Newfoundland & Labrador, Canada.
Today’s results are located immediately southwest of the Leprechaun deposit, on the edge of the open pit (2022 Mineral Reserves of 15.1Mt grading 1.73 g/t gold containing 0.84 Moz). Continue reading
Thesis Gold Positive Metallurgical Tests for Lawyers-Ranch
Thesis Gold (TSX.V: TAU)
Announced the successful completion of preliminary metallurgical testing at the Lawyers-Ranch Project.
This testing aims to assess the economics of an expanded project that integrates high-grade feed from Ranch and higher-grade underground material to a processing site at Lawyers. Continue reading
Calibre Reports Partial Slope Movement at Limon Norte
Calibre (TSX: CXB)
Reported that on May 25, 2024, a geotechnical incident occurred on the west wall of the Limon Norte Open Pit in Nicaragua.
A change in Limon Norte Open Pit mine sequencing will be required which will negatively impact Q2 2024 gold production. Continue reading
Barton Gold Tarcoola Goldfield Drilling Update
Barton Gold (ASX:BGD)
Provide an update for the current drilling program in the historical Tarcoola Goldfield.
A ~7,000m RC drilling program began 14 May 2024 to test new structural targets near the Perseverance Mine – where pit floor drilling has recently confirmed high-grade extensions of mineralisation grading up to ~12 g/t Au. Continue reading
Wesdome Reports Q1 2024 Financial Results
Wesdome Gold (TSX: WDO)
Announced its results for the three months ended March 31, 2024 (“Q1 2024”).
Consolidated gold production was 33,322 ounces at cash costs per Oz of US$1,125) and AISC per ounce of US$1,650. Continue reading
Mining Review 2nd June 2024
Mining Review 2nd June 2024
A quiet week news wise, the main news being Anglo American rebutting BHP’s offer for the company.
G Mining and Calibre Mining both published positive project construction updates.
Continue reading
Cabral Gold Provides Update on Prefeasibility Study at Cuiú Cuiú
Cabral Gold Inc. (TSX.V: CBR)
Provided an update of the ongoing trial-mining prefeasibility study (PFS) regarding the potential exploitation of near-surface gold-in-oxide mineralization at both the Central and MG gold deposits within the Cuiú Cuiú gold district in northern Brazil.
Monthly Review for May 2024 Published
Monthly Review May 2024
Has been published by City Investors Circle.
The highlighted company is Ora Banda Mining, and featured companies include Aris Mining and Karora Resources, plus a potential takeover target in Australia. Continue reading
American Creek’s JV Partner Files Updated MRE
American Creek Resources (TSX.V: AMK)
Announced that project operator and JV partner Tudor Gold has filed the technical report for the updated Mineral Resource Estimate on the Goldstorm Deposit at the flagship Treaty Creek Project located in the Golden Triangle region of British Columbia. Continue reading
G Mining Gives a Positive Update on the TZ Project
G Mining Ventures (TSX: GMIN)
Updated on progress made at GMIN’s 100%-owned Tocantinzinho Gold Project currently under construction in the State of Pará, Brazil.
The Project is 93% complete, and remains on track and on budget for commercial production in H2-2024. Continue reading