Calibre Delivers 71,539 Ounces in Q1 2025, a Record

Calibre Mining Corp.(TSX: CXB)

Announced record Q1 operating results for the three months ended March 31, 2025, and an update on the Valentine Gold Mine, located in Newfoundland & Labrador, Canada.

 

 

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calibre mining

 

 

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Calibre Mining TSX: CXB
Stage Production, development, exploration
Metals Gold
Market cap C$2.72 Billion @ C$3.08
Location Canada, Nicaragua, USA
Website www.calibremining.com

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Calibre Delivers 71,539 Ounces in Q1 2025, a Record First Quarter Production; Provides Valentine Gold Mine Update

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04/14/2025

VANCOUVER, British Columbia, April 14, 2025 (GLOBE NEWSWIRE) — Calibre Mining Corp.(TSX: CXB; OTCQX: CXBMF) (the “Company” or “Calibre”) is pleased to announce operating results for the three months (“Q1”) ended March 31, 2025, and an update on the Valentine Gold Mine (“Valentine”), located in Newfoundland & Labrador, Canada. All figures are expressed in U.S. dollars unless otherwise stated.

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Darren Hall, President and Chief Executive Officer of Calibre, stated:

“I am extremely proud of our operations team for delivering another strong quarter, producing 71,539 ounces of gold in Q1 2025.

“Valentine Gold Mine continues to advance, with first ore processed now expected in early Q3, followed by a steady ramp up to nameplate capacity of 2.5 million tonnes.

“The delay in ore processing reflects scope growth in certain areas such as electrical cabling and actual contractor performance.

“Valentine is positioned to become a long-life, cornerstone asset in Canada, initially delivering approximately 200,000 ounces of gold annually with significant exploration upside.

“In February, we announced a merger with Equinox Gold to form a leading, Americas-focused gold producer. This merger marks a transformative milestone for both companies and will result in a diversified portfolio of operating mines across five countries anchored by Greenstone and Valentine, two high-quality, long life, low-cost, Canadian gold mines.

“Together, we will become Canada’s second largest gold producer. At nameplate capacity, these Canadian assets are expected to produce approximately 590,000 gold ounces annually, creating significant value for Calibre shareholders and presenting a compelling re-rating opportunity.

“Calibre has built a solid track record of delivering on our commitments and driving shareholder value. I see a tremendous opportunity to integrate the two companies, build on this success, and strengthen trust and confidence across both shareholder bases.

“New Equinox Gold has the potential to exceed 1.2 million ounces of annual gold production with Greenstone and Valentine operating at capacity.

“Additionally, the combined company will benefit from a large gold endowment of Mineral Reserves and Mineral Resources, along with a robust pipeline of development, expansion, and exploration projects.

“This strong foundation supports low-risk sustainable growth and long-term value for shareholders.”

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Q1 2025 Highlights

  • Consolidated gold production of 71,539 ounces; Nicaragua 64,469 ounces and Nevada 7,070 ounces, setting a solid foundation for the remainder of 2025;
  • Cash of $214.5 million at March 31, 2025 ($177.4 million in cash and $37.1 million in restricted cash with the last $25 million restricted cash released from our debt proceeds account following quarter end); and
  • Announced the merger of Calibre and Equinox Gold creating a major Americas-focused gold producer, with the combination enhancing diversification, scale, financial strength, and operational expertise positioning the combined company for long-term value creation. Key highlights include:
    • Creation of a Canadian gold powerhouse with complimentary mines throughout the Americas,
    • Enhanced critical mass and capital markets profile with improved significance for shareholders,
    • Immediate increase in production and cash flow from a larger asset portfolio,
    • Strengthened combined leadership team with a proven track record of value creation,
    • Undervalued relative to peers with significant share price re-rate potential, and
    • Strong balance sheet with ability to rapidly deleverage.

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To read the full news release, please click HERE

 

The live gold price 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

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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 Calibre Mining

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To read our full terms and conditions, please click HERE



Awalé Resources Hits 12 g/t Gold over 26 Metres

Awalé Resources (TSX.V: ARIC)

 Announced high-grade assay results from the first nine diamond drill holes completed as part of the Company’s drill campaign at the Charger zone at the Odienné Project in the Ivory Coast.

Highlights include 26m of 12 grams per tonne gold  in OEDD-120 and 95m of 1.8 g/t Au in OEDD-118.

 

 

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Awalé Resources

Courtesy of Awalé Resources

 

 

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Awalé Resources TSX.v : ARIC
Stage Exploration
Metals Gold
Market cap C$46 m   @ 53c
Location Ivory Coast, West Africa
Website https://awaleresources.ca/

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Awalé Resources Hits 12 g/t Gold over 26 Metres Among Multiple High-Grade Intercepts at the Charger Target, Odienné Project

 

 

Toronto, Ontario–(Newsfile Corp. – April 17, 2025) – Awalé Resources Limited (TSXV: ARIC) (“Awalé” or the “Company“) is pleased to announce high-grade assay results from the first nine diamond drill holes completed as part of the Company’s drill campaign at the Charger zone at the Odienné Project (“Odienné” or the “Project“) in Côte d’Ivoire.

Highlights include 26m of 12 grams per tonne (“g/t”) gold (“Au”) in OEDD-120 and 95m of 1.8 g/t Au in OEDD-118.

 

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HIGHLIGHTS

  • 26m @ 12 g/t gold from 146m downhole in hole OEDD-120
  • 95m @ 1.8 g/t gold from 170m in OEDD-118
  • Discovered a new parallel mineralized zone 50m from Charger’s high-grade corridor, containing:
    • 26m @ 2 g/t gold from 134m in OEDD-137
  • Shallow mineralization, at less than 70m depth, in OEDD-136 and OEDD-121, including:
    • 4.0m @ 18.5 g/t gold from 67m in OEDD-121
    • 1.5m @ 13.4 g/t gold from surface in OEDD-136
    • 3.0m @ 3.2 g/t gold from 6.5m in OEDD-136
    • 6.5m @ 4.4 g/t gold from 28.5m in OEDD-136
  • Charger drilling continues to demonstrate strong continuity of mineralization
  • Awalé is gaining a broader understanding of the Charger system with target breccia intercepted in all holes, and alteration opens the potential for new targets
  • Assays pending for four holes on Charger that targeted high-grade mineralization 70m down-dip of prior hits, OEDD-83: 57m @ 26 g/t gold, OEDD-88: 29m @ 20 g/t gold, OEDD-100: 59m @ 14.7 g/t gold

 

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Andrew Chubb, CEO of Awalé Resources commented

 

“Today’s results from Charger, including 12 g/t Au over 26m in hole OEDD-120 and 1.8 g/t Au over 95m in hole OEDD-118, confirm the northeastern (NE) mineralization corridor and reinforce our confidence in the continuity, geometry, and scalability of the Charger system.

 

“Notably, drill hole OEDD-137 intersected 26m @ 2 g/t Au in a second breccia approximately 50m west of the NE corridor, highlighting the potential for parallel zones of mineralization similar to what has been defined.

 

“With assays pending for four deeper holes, we confidently advance as we trace high-grade mineralization at depth. Our confidence in the geology is growing and deeper holes are planned to begin in May.

 

“We now have sufficient data to interpret Charger-style mineralization as magnetite-destructive and occurring within low magnetic zones relative to their surroundings.

 

“This geophysical signature has led to the identification of four new target areas adjacent to the current discovery zone.

 

“With deeper drilling planned and new targets in hand, we are confident in the potential for Charger to provide more exciting results.” 

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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

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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 select 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 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.

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 Awalé Resources.

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To read our full terms and conditions, please click HERE



Orla Mining Achieves Record Quarterly Production

Orla Mining (TSX: OLA; NYSE: ORLA)

Provided an operational update for the first quarter ended March 31, 2025.

Camino Rojo is on track to achieve annual guidance of 110,000 to 120,000 ounces of gold following the quarter.

 

 

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Orla Mining

Orla Mining – Musselwhite Gold Mine – Courtesy of Orla Mining

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$5 billion   @ C$15.65
Location Mexico + Nevada + Canada + Panama
Website www.orlamining.com

 

 

 

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Orla Mining Achieves Record Quarterly Production, market cap tops CAD$5 billion

 

Vancouver, BC – April 14, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to provide an operational update for the first quarter ended March 31, 2025.

Camino Rojo is on track to achieve annual guidance of 110,000 to 120,000 ounces of gold following the quarter.

Updated 2025 guidance, including the Musselwhite Mine, will be provided during the second quarter.

(All amounts expressed in millions of US dollars, as at March 31, 2025 and are unaudited)

First Quarter Operational Update

Total Gold Production & Sales Q1 2025
Camino Rojo oz 29,973 
Musselwhite (March only)1 oz 17,786 
Total Gold Produced oz 47,759 
Total Gold Sold oz 46,356 
     
Camino Rojo, Mexico   Q1 2025
  Ore Stacked tonnes 1,672,826
  Stacked Ore Gold Grade g/t 0.78 
  Gold Produced oz 29,973 
  Gold Sold oz 30,512 
 
Musselwhite, Canada March 20251
Ore Milled tonnes 104,287 
Milled Ore Gold Head Grade g/t 5.55 
Gold Produced oz 17,786 
Gold Sold oz 15,845 

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Camino Rojo Operations

During the quarter, Camino Rojo mined nearly 1.9 million tonnes of ore and 2.8 million tonnes of waste, for an implied strip ratio of 1.48. The operations achieved a daily stacking rate of 18.4 thousand tonnes per day at an average gold grade of 0.78 g/t, in line with the mine plan.

 

Musselwhite Operations

Orla completed the acquisition of Musselwhite on February 28, 2025, and operational figures are provided from March 1, 2025, onwards.

During the month of March, Musselwhite mined 108 thousand tonnes of ore and milled 104 thousand tonnes at a mill head grade of 5.55 g/t gold. Gold recovery rates of 95.7% resulted in gold production of nearly 18,000 gold ounces.

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Liquidity Position

  Cash position – March 31, 2025 $184.2 million
  Debt ($450.0) million
Net Debt2 ($265.8) million

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First Quarter 2025 Conference Call

Orla expects to release its first quarter 2025 operating and financial results on Friday, May 9, 2025, and will host a conference call on Monday, May 12, 2025, at 15:00 PM, UK time, to provide a corporate update. 

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Dial-In Numbers / Webcast:

International Toll:         +1 (646) 307-1963
Canada – Toronto:       +1 (647) 932-3411

Conference ID:                       4940392

Webcast:                        https://orlamining.com/investors/

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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

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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

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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.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

To read our full terms and conditions, please click HERE



Orla Mining Launches $25M Exploration Drilling Program

Orla Mining  (TSX: OLA; NYSE: ORLA)

Announced the start of the 2025 exploration drilling program at the Company’s recently acquired Musselwhite Mine in Northwestern Ontario.

 

 

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Orla Mining TSX : OLA
Stage Development
Metals Gold
Market cap C$4.94 billion   @ C$15.31
Location Mexico + Nevada + Canada + Panama
Website www.orlamining.com

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Orla Mining Launches $25M Exploration Drilling Program to Expand Reserves and Resources and Extend Musselwhite Mine Trend

Vancouver, BC – April 1, 2025 – Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce the start of the 2025 exploration drilling program at the Company’s recently acquired Musselwhite Mine in Northwestern Ontario.
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2025 Program Summary:

  1. Underground drilling to replace and expand reserves and resources.
  2. Directional drilling from surface to prove the open down-plunge extension of the Mine Trend; the first surface program since 2020.
  3. Drill testing priority near-mine targets to identify potential new mill feed material.

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Background:

The Musselwhite Mine has produced nearly 6 Moz of gold over its 28-year operating history.

Recent exploration efforts have focused on near-mine targets, including the down-plunge extension of the mine trend (PQ Deep area), through underground drilling to replace depleted reserves and resources. However, historical exploration drilling confirmed that the mineralized system extends at least one kilometre beyond current reserves.

These results indicate significant potential mineralization beyond the current reserve.

Orla plans to continue underground exploration while also restarting drilling from surface to confirm the deposit’s down-plunge continuity. The objective is to define a critical mass of additional reserves and resources to support expansion of the operation and significantly extend the mine life.

Historical drilling along the mine trend extension suggests an additional two to three kilometres of mineralized strike potential beyond current reserves and resources, extending from the PQ Deep area into the down-plunge portion of the mine. Additionally, Orla will assess near-mine targets through surface drilling for further resource growth and potential new mill feed.

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Sylvain Guerard, Orla’s Senior Vice President, Exploration commented

“We are thrilled to launch this long-overdue, ambitious exploration program at Musselwhite.

 

“Our primary objective is to intersect mineralization beyond the current reserves and resources along the down-plunge extension of the Mine Trend, demonstrating the potential to extend mine life well beyond 2030.

 

“We will also continue underground drilling and reactivate surface drilling near the mine to further expand resources and demonstrate the potential for mine life extension and expansion.” –

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2025 Underground Drill Program:

Underground exploration drilling began in March immediately following completion of the Musselwhite acquisition. Orla intends to complete approximately 35,000 metres of underground drilling in 2025 to offset mine depletion and grow reserves, resources and mineral inventories.

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The live gold price 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

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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 Orla Mining.

.



West Red Lake Gold Reflects on Madsen Mine Achievements

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

Looks back at 22 months of achievements that have brought the project to this point.

 

 

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West Red Lake Gold Mines

Madsen Mill – Courtesy of West Red Lake Gold Mines 

 

 

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West Red Lake Gold TSX.V : WRLG
Stage Exploration / Development
Metals Gold
Market cap C$222 m   @ 69.5 cents
Location Ontario, Canada
Website www.westredlakegold.com

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West Red Lake Gold Reflects on Madsen Mine Achievements To Date

 

 

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With the Madsen Mine in Ontario, Canada, on track to start operating in a few months,West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSX.V: WRLG) (OTCQB: WRLGF) looks back at 22 months of achievements that have brought the project to this point.

 

 

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Shane Williams, President and CEO of WRLG said,

“As we process our bulk sample – producing gold and further reinforcing that our systematic approach will successfully deliver Madsen as a new, high-grade gold mine in Canada – it is time to reflect on how West Red Lake has delivered on its goals.

 

“We bought a complicated asset, assessed needs, and got to work. We stated specific goals and we have delivered on those goals.

 

“Our plan has always been to restart Madsen as a sustainable mine and, with anticipated production just months away, we are on track to deliver this project from purchase to production in only two years.”

 

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History

West Red Lake Gold Mines completed the purchase of the Madsen Mine in June 2023. By October 2023 the Company published its first set of plans to advance Madsen and the nearby Rowan project. In June 2024 the Company added detail to those plans through a list of projects designed to advance Madsen to production in 2025.

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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

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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 West Red Lake Gold Mines.

.

To read our full terms and conditions, please click HERE



Wesdome Announces First Quarter 2025 Production

Wesdome Gold Mines (TSX: WDO)

Announced its production results for the first quarter ended March 31, 2025.

The Company is also providing notice that it will release its Q1 2025 financial results after markets close on Tuesday, May 13, 2025.

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Wesdome Gold Mines - Eagle River underground mine

Wesdome Gold Mines – Eagle River underground mine – Courtesy of Wedsdome Gold Mines Ltd.

 

 

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Wesdome Gold TSX : WDO
Stage Production, Development
Metals Gold
Market cap C2.44 B   @ C$16.69
Location Ontario and Quebec, Canada
Website www.wesdome.com

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Wesdome Announces First Quarter 2025 Production; Provides Timing of First Quarter Financial Results and Webcast

TORONTO, April 10, 2025 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) today announces its production results for the first quarter ended March 31, 2025 (“Q1 2025”).

The Company is also providing notice that it will release its Q1 2025 financial results after markets close on Tuesday, May 13, 2025 and host a conference call and webcast the following morning on May 14, 2025.

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Q1 2025 Production Performance

  Q1 2025 Q1 2024 Change
       
Ore milled (tonnes)      
Eagle River 60,010 51,632 16%
Kiena 48,690 45,344 7%
       
Average head grade (g/t)      
Eagle River 15.6 15.5 1%
Kiena 10.8 5.9 83%
       
Gold production (oz)      
Eagle River 28,999 24,899 16%
Kiena 16,693 8,423 98%
       
Total gold production 45,692 33,322 37%
       
Production sold 45,300 35,700 27%
       

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Anthea Bath, President and CEO of Wesdome, commented,

“We are pleased to report that total gold production for the first quarter exceeded our expectations, and we remain on track to meet our full-year production guidance.

“As previously outlined, we expect a second-half weighted production profile with the fourth quarter projected to account for approximately 30%, and all-in sustaining costs per ounce in the first half of the year to be approximately 15% above full-year guidance, reflecting the timing of production and sustaining capital expenditures.

“Eagle River had a strong start to the year driven by higher-than-anticipated average head grade from the 300 Zone.

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“The operations team continues to execute well against the planned mining sequence, benefiting from positive grade reconciliation and the processing of ore stockpiled in late 2024.

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“We continue to expect Eagle River to produce between 100,000 and 110,000 ounces of gold in 2025.

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“Kiena’s production in the first quarter nearly doubled compared to the same period last year, reflecting the ongoing ramp-up of high-grade feed from the Kiena Deep Zone that commenced in April 2024.

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“Underground mining activities in select areas of the South and North Limbs as well as Kiena Deep A2 Zone are transitioning from a primarily long-hole mining method to a hybrid approach, combining cut-and-fill and long-hole stoping.

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“We are steadily ramping up this new approach, which is already delivering encouraging results early in the second quarter and helping to drive more predictable performance.

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“With a strong first quarter, we are well-positioned to achieve our operational targets for the remainder of the year.”

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Conference Call and Webcast

Management will host a conference call and webcast to discuss the Company’s Q1 2025 financial and operating results. A question-and-answer session will follow management’s prepared remarks. Details of the webcast are as follows:

Date and time:   Wednesday, May 14, 2025 at 15:00 UK time
     
Dial-in numbers:   To access the call by telephone, dial 1.646.968.2525 or 1.888.596.4144 (toll-free).
The event passcode is: 8215935. Please allow up to 10 minutes to be connected.
     
Webcast link:   https://events.q4inc.com/attendee/291203613 
    Pre-registration is required for this event. It is recommended you join 10 minutes prior to the start of the event. The webcast can also be accessed from the home page of the Company’s website at www.wesdome.com.

 

 

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To read the full news release, please click HERE

 

To View Wesdome Gold Mine’s historical news, please click here

..

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 no shares in Wesdome Gold Mines.

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G Mining Ventures Files NI 43-101 Technical Report for the Gurupi Gold Project

G Mining Ventures (TSX: GMIN)

The Corporation has filed a technical report prepared in accordance with National Instrument 43-101Standards of Disclosure for Mineral Projects in respect of the updated mineral resource estimate for GMIN’s 100% owned Gurupi Gold Project in Brazil.

 

 

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G Mining Ventiures

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 TSX: GMIN
Stage Development + Exploration
Metals Gold
Market cap C$4.16 billion @ C$18.41
Location  Para State, Brazil, Guyana
Website www.gminingventures.com

 

 

 

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G Mining Ventures Files NI 43-101 Technical Report for the Gurupi Gold Project in Brazil

April 09, 2025
Hero Image

BROSSARD, QC,April 9, 2025/CNW/ –G Mining Ventures Corp.(“GMIN” or the “Corporation“) (TSX: GMIN) (OTCQX: GMINF) announces that the Corporation has filed a technical report (the “Technical Report“) prepared in accordance with National Instrument 43-101Standards of Disclosure for Mineral Projects(“NI 43-101“) in respect of the updated mineral resource estimate for GMIN’s 100% owned Gurupi Gold Project in Brazil.

G Mining Ventures logo (CNW Group/G Mining Ventures Corp)

The Technical Report, titled “Mineral Resource Estimate NI43-101 Technical Report Gurupi Project,” is dated February 3, 2025, with an issue date of April 8, 2025, and was prepared by Mr.Pascal Delisle, P.Geo. (OGQ no. 1378), of G Mining Services Inc. (“GMS“), and a “qualified person” within the meaning of NI 43-101 and not independent of the Corporation pursuant to Section 1.5 of NI 43-101.

Report results were previously announced in GMIN’snews release datedFebruary 20, 2025. This Technical Report is being filed on a voluntary basis as a general update to provide information relating to the Gurupi gold exploration project and is not filed as the result of a requirement under NI 43-101.

The Report is available on SEDAR+ (www.sedarplus.ca) and on GMIN’s website (www.gmin.gold).

 

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About G Mining Ventures Corp.

G Mining Ventures Corp. (TSX: GMIN) (OTCQX: GMINF) is a mining company engaged in the acquisition, exploration and development of precious metal projects to capitalize on the value uplift from successful mine development. GMIN is well-positioned to grow into the next mid-tier precious metals producer by leveraging strong access to capital and proven development expertise. GMIN is currently anchored by the Tocantinzinho Mine inBrazil, supported by the Gurupi Project inBraziland the Oko West Project in Guyana— all with significant exploration upside and located in mining-friendly jurisdictions.

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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

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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

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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 G Mining Ventures.

.



Awalé Hits 1.6 g/t Gold Eq. over 45m at the BBM Zone

Awalé Resources (TSX.V: ARIC) 

Reported results from the last six diamond drill holes completed as part of the drill campaign targeting the BBM discovery at the Odienné Project in Côte d’Ivoire.

The drill program began in November 2024 and is complete with a total of 6,380m drilled.

 

 

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Awale Resources

Courtesy of Awale Resources.

 

 

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Awale Resources TSX.v : ARIC
Stage Exploration
Metals Gold
Market cap C$46 m   @ 53c
Location Ivory Coast, West Africa
Website https://awaleresources.ca/

 

 

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Awalé Hits 1.6 g/t Gold Eq. over 45 Metres at the BBM Zone, Odienné Project

Download

 

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HIGHLIGHTS

  • 45m @ 1.6 grams per tonne (“g/t”) gold equivalent (“AuEq.”) from 220m in OEDD-131,
    • including 4m @ 2.6 g/t Au, 0.55% Cu, and 449ppm Mo from 241m.
  • 37m @ 0.8 g/t AuEq. from 159m downhole in OEDD-133.
  • BBM has now confirmed consistent mineralization over 1km down to a depth of 300m below surface, with average true widths1 ranging from 30m in the core zone to 22m over the entire 1km drilled strike.
  • Several holes below 300m depth show mineralization is open down plunge.
  • All assays from the 22-hole, 6,380m, diamond drill program at BBM are now reported.

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Andrew Chubb, CEO of Awalé Resources commented,

“With all results from the 22-hole diamond drill program at BBM now in hand, we are pleased to confirm a broad, consistent gold-copper mineralized system extending over a 1-kilometre strike to 300 metres below surface.

 

“Within this, we’ve defined a moderately plunging, higher-grade core — 300 metres wide which remains open down plunge, with significant potential for satellite targets within 2 to 3 kilometres of the now well-defined BBM discovery zone.

 

“We await the results from a scout reverse circulation drill program testing these additional satellite targets along strike.

 

As part of the broader 18,000m company-wide drill campaign, BBM is one of several key targets under active evaluation.

 

“With approximately two-thirds of results still pending, Awalé expects a consistent stream of news flow as it works to unlock the camp-scale potential of the Odienné Project.” 

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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

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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 select 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 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.

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 Awalé Resources.

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To read our full terms and conditions, please click HERE



Wesdome Bids For Angus

Wesdome Gold (TSX: WDO)

Announced that they have entered into a definitive arrangement agreement  whereby Wesdome will acquire all of the issued and outstanding common shares of Angus Gold  pursuant to a plan of arrangement.

 

 

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Wesdome Gold mine location map

Wesdome Gold – mine location map   (Image courtesy of Wesdome Gold Mines)

 

 

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Wesdome Gold TSX : WDO
Stage Production, Development
Metals Gold
Market cap C2.4 B   @ C$15.59
Location Ontario and Quebec, Canada
Website www.wesdome.com

 

 

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Comment

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This is great news, and both companies are featured on our watchlists!

This looks a good deal with Wesdome expanding their Eagle River projects substantially, and a good exit point for Angus for shareholders with a decent premium.

 

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Wesdome Gold Mines to Acquire Angus Gold; Quadruples the Eagle River Land Package

(opens in new window)

All amounts are expressed in Canadian dollars unless otherwise indicated

TORONTO, April 07, 2025 (GLOBE NEWSWIRE) — Wesdome Gold Mines Ltd. (TSX: WDO, OTCQX: WDOFF) (“Wesdome” or the “Company”) and Angus Gold Inc. (TSX-V: GUS, OTC: ANGVF) (“Angus”) are pleased to jointly announce that they have entered into a definitive arrangement agreement (the “Agreement”) whereby Wesdome will acquire all of the issued and outstanding common shares of Angus pursuant to a plan of arrangement (the “Arrangement”).

Under the terms of the Agreement, each of the issued and outstanding common shares of Angus that Wesdome does not currently own will be exchanged for $0.62 cash plus 0.0096 of a Wesdome share (the “Offer”), representing an aggregate value of $0.77 per Angus common share, based on the closing price of Wesdome’s common shares on the Toronto Stock Exchange on April 4, 2025, the last trading day prior to announcement of the Offer.

The Offer represents a premium of 59% to Angus’ 20-day volume-weighted average price ending April 4, 2025. Wesdome currently owns 6.3 million common shares of Angus and 3.15 million common share purchase warrants, or approximately 10.4% of Angus’ basic common shares outstanding and 14.9% on a partially diluted basis. The enterprise value to Wesdome, net of Angus’s cash, is approximately $40 million.

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Strategic Rationale for Wesdome

  • Transforms Eagle River into a district-scale opportunity
    Quadruples Wesdome’s land position at Eagle River, consolidating two adjacent properties into one ~400 km2 contiguous strategic land package situated on a highly prospective greenstone belt. The expanded footprint hosts multiple targets and mineralization styles.
  • Bolsters Eagle River’s greenfield exploration pipeline
    Consolidates district-scale exploration potential across at least three mineralized trends, including the Eagle River Splay and Cameron Lake banded iron formation (“BIF”). Recent intercepts — 48.7 g/t Au over 1.5m at the Splay and 47.4m at 1.1 g/t Au (incl. 11.7m at 2.2 g/t) at BIF — underscore the potential for discovering new mineralized zones and resource delineation.
  • Underscores long-term commitment to Eagle River
    Opportunity to leverage Wesdome’s existing balance sheet, infrastructure and relationships with stakeholder and Indigenous groups to accelerate exploration and development, while continuing to focus on the Company’s asset base located in Ontario and Québec – two of the world’s premier mining jurisdictions.

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Rationale for Angus Shareholders

  • Attractive premium
    The Offer represents a significant premium and is a validation of the efforts of the Angus team over the past 5 years. In addition, the cash component represents 80% of the Offer price and reflects a strong immediate return for Angus shareholders.
  • Exposure to a growing value-driven Canadian gold producer
    Wesdome’s portfolio of high-quality producing gold assets in Ontario and Québec further reinforces the strategic rationale of this transaction. Shareholders will receive a portion of the consideration in common shares of Wesdome, a proven Canadian gold producer with a track record of value creation.

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Anthea Bath, President and CEO of Wesdome Gold, commented,

“This is a highly logical and strategic tuck-in transaction that brings together a contiguous land package between the Eagle River mine and mill, enhancing our ability to unlock value through the drill bit.

“It reinforces our belief in the geological potential of the Mishibishu Lake greenstone belt, aligns with our focus on regional consolidation, and positions us to deliver sustainable, long-term growth supported by our strong balance sheet and existing infrastructure.

“Since 2020, Angus has invested over $20 million into exploration across the Golden Sky project, generating a pipeline of targets and confirming the geological continuity with Eagle River.

“Wesdome intends to continue this momentum, focusing on high-priority zones such as the Cameron Lake BIF and Eagle River Splay in 2025. Wesdome remains deeply confident in the prospectivity of the Eagle River camp and the broader potential of our ongoing fill-the-mill strategy.

“This transaction represents a strategic investment in that vision and underscores our long-term commitment to unlocking value at Eagle River.

“Breanne and her team have done excellent work over the last several years, which has resulted in multiple discoveries and laid the groundwork for further exploration. We believe that now is the right time for Wesdome to assume ownership and build upon the work done by the Angus team.

“With Wesdome’s balance sheet and free cash flow profile, we can add significant value to the property and eventually bring economic deposits into production quickly given the proximity to our existing infrastructure.”

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To read the full news release, please click HERE

 

To View Wesdome Gold Mine’s historical news, please click here

..

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

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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 no shares in Wesdome Gold Mines.

.

.

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Cabral Gold Drills 3m @ 15.9 g/t gold at Machichie

Cabral Gold (TSX.V: CBR)

Announced results from eleven additional reverse circulation drill holes and two trenches at the Machichie Main gold deposit within the Cuiú Cuiú Gold District, Brazil.

Highlights include Drill hole RC0515 which returned 10m @ 2.2 g/t gold from surface. 

 

 

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Cabral Gold

Cabral Gold map (Courtesy of Cabral Gold)

 

 

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Cabral Gold TSX.V : CBR
Stage Exploration
Metals Gold
Market cap C$69 m   @ 32.5c
Location Tapajos, Para State, Brazil
Website www.cabralgold.com

 

 

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Cabral Gold Drills 3m @ 15.9 g/t gold and Discovers New Mineralized Zone at the Machichie Main Gold Deposit, Cuiú Cuiú Gold District, Brazil

 

Vancouver, British Columbia–(Newsfile Corp. – March 26, 2025) – Cabral Gold Inc. (TSXV: CBR) (OTC Pink: CBGZF) (“Cabral” or the “Company“) is pleased to announce results from eleven additional reverse circulation (“RC”) drill holes and two trenches at the Machichie Main gold deposit within the Cuiú Cuiú Gold District, Brazil.

 

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Highlights

  • Drill hole RC0515 returned 10m @ 2.2 g/t gold from surface and 3m @ 15.9 g/t gold from 16m depth within weathered gold-in-oxide material (saprolite). The hole also intersected 11m @ 0.9 g/t gold in fresh rock from 31m depth
  • Drill hole RC0504 drilled at the Machichie Main gold deposit at Cuiú Cuiú returned 12m @ 3.1 g/t gold including3m @ 11.2 g/t gold in weathered gold-in-oxide material at surface
  • The drill result from RC504 indicates the presence of a new previously unrecognized mineralized zone located 40m north of the main mineralized structure at Machichie Main. The new zone is open to the east and west and will require further drilling
  • Additional drill results from Machichie Main include 7m @ 2.8 g/t gold including 2m @ 7.5 g/t gold in RC502, and15m @ 1.5 g/t gold in RC506. Other notable results included 6m @ 0.9 g/t gold from RC508,5m @ 1.2 g/t gold from RC511, and 2m @ 6.6 g/t gold from RC519
  • Trench CT054 also returned 13m @ 2.3 g/t gold in saprolite material on surface including 5m @ 5.8 g/t gold

 

 

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Alan Carter, Cabral’s President and CEO commented,

“The identification of a new and previously unrecognised parallel zone of mineralization at Machichie Main is a very positive development.

 

“Together with the other new drill and trench results released today, this underlines the potential of the Machichie Main deposit to make a meaningful contribution to the near-term development plans for the gold-in-oxide material at Cuiú Cuiú, as well as the global resource base within the district.

 

“The trench results are again significant because they confirm the presence of excellent grades within gold-in-oxide material at surface.

 

“This bodes very well for our efforts to upgrade the Inferred resources at Machichie Main and significantly updating the PFS study released in October 2024.”

 

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——-

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To read the full news release, please click HERE

 

To View Cabral Gold’s historical news, please click here

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——-

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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.

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 no shares in Cabral Gold.

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To read our full terms and conditions, please click HERE



Meeka Metals Murchison Development Update

Meeka Metals (ASX: MEK)

Provided an update of the significant progress made during March 2025.

Major milestone achieved at the process plant with installation of the larger 750kW ball mill completed and open pit production accelerating at the Murchison Gold Project.

 

 

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Meeka Metals

 

 

 

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Meeka Metals ASX: MEK
Stage Development, exploration
Metals Gold
Market cap A$401m   @  A$0.16
Location Near Kalgoorlie, Western Australia
Website https://meekametals.com.au

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Meeka Metals Murchison Development Update – March 2025

 

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Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) is pleased to provide an update of the significant progress made during March 2025.

Major milestone achieved at the process plant with installation of the larger 750kW ball mill completed and open pit production accelerating at the Murchison Gold Project (“Murchison”).
• Expansion works on the CIL gold processing plant continued to progress at
pace during March, including:
o Installation of the larger 750kW ball mill;
o Installation of the cyclone cluster on the cyclone structure; and
o Installation of the top of tank steel work on the new leach and adsorption
tanks.
• Open pit production accelerated during March, achieving ~20kBCM daily
material movement toward the end of the month. First ore is expected in April
2025.
• Commissioning of the open pit heavy vehicle workshop was completed in
March with all open pit support infrastructure now operational.
• Access to the high-grade Andy Well underground mine was established and
dewatering infrastructure installed. Installation of mine services to continue
during the June 2025 quarter with underground ore development and
diamond drilling commencing mid-2025.

 

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Commenting on the progress, Meeka’s Managing Director Tim Davidson said:

 

“We achieved a major mil in addition to most of the structural work and various other key deliverables for the expanded processing plant now complete or nearing completion.

 

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“It was also pleasing to see the open pit team accelerate in line with plan during March. By months end the team were achieving a production rate equivalent to ~600kBCM per
month.

 

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“We also established access to the high-grade Andy Well underground mine during March and the ground and ground support are in good condition.

 

 

“Primary dewatering infrastructure has been installed and underground activities will ramp up over the coming months.”

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——-

 

To read the full news release, please click HERE

 

The live Spot gold price 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

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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 Meeka Metals. 

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To read our full terms and conditions, please click HERE

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Cornish Metals Acquires More Land

Cornish Metals (TSX.V / AIM: CUSN)

Announced that it has purchased approximately 4.5 acres of land from Cornwall Council.

This land is immediately adjacent to existing surface land owned by Cornish Metals and provides direct access to the main road.

 

 

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Cornish Metals South Crofty sunset

Cornish-metals-south-crofty-sunset-Greg-Martin-Cornwall-Live

 

 

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Cornish Metals TSX.V / AIM: CUSN
Stage Exploration
Metals Tin, copper
Market cap C$70 m   @ 13c
Location Cornwall, United Kingdom
Website www.cornishmetals.com

 

 

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CORNISH METALS INCREASES LAND OWNERSHIP AT SOUTH CROFTY TIN PROJECT

Vancouver, April 1, 2025
.Cornish Metals Inc.(AIM/TSX.V: CUSN) (“Cornish Metals” or the “Company”), a mineralexploration and development company focused on advancing its 100% owned and permitted South Crofty tin project in Cornwall, United Kingdom, is pleased to announce that it has purchased approximately 4.5 acres of land from Cornwall Council.
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This land is immediately adjacent to existing surface land owned by Cornish Metals and provides direct access to the main road at Dundance Lane from where a new entrance to the mine site is planned and where a new mine office, stores and workshop will be located.
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This acquisition increased the total land area at South Crofty owned by the Company to approximately 32.5 acres.
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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

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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

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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.

.

Disclosure

At the time of writing the author holds no shares in Cornish Metals.

.



Horizon Metals First Ore Processing Update

Horizon Minerals (ASX: HRZ)

Provided an update on the development of the Phillips Find and Boorara Gold Projects.

Toll processing has occurred at both Phillip’s Find and Boorara, further percels are now being stacked.

 

 

 

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Horizon Minerals

Photo courtesy of Horizon Minerals

 

 

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Horizon Minerals ASX: HRZ
Stage Development, Production
Metals Gold,Nickel, Cobalt
Market cap A$110 million @ A$0.70
Location Kalgoorlie, Western Australia
Website www.horizonminerals.com.au/

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Horizon Metals banks $12.9 Million From First Ore

Horizon Minerals Limited (ASX: HRZ) (“Horizon” or “the Company”) is pleased to provide an update on the development of the Phillips Find (“Phillips Find”) and Boorara (“Boorara”) Gold Projects.

The first ore parcel from Phillips Find consisted of 37,624 dry tonnes at 1.46g/t for 1,675.3oz at an average price of $4,728/oz, generating ~$7.9M. In addition, the First ore stockpile from Boorara was 50,604 dry tonnes at 0.791g/t for 1,163 oz sold at an average gold price of $4,256/oz, generating ~$4.951M.

HIGHLIGHTS

New Toll Treatment Agreement for processing Phillips Find ore
• Completion of processing of the first 37,000t of ore from the Phillips Find JV with BML
Ventures Pty Ltd (BML) under the 200,000t Toll Milling Agreement with FMR Investments Pty Ltd (FMR) to treat Horizon ore from February to June 2025 at the Greenfields Mill 1
• First ore parcel from Phillips Find consisted of 37,624 dry tonnes at 1.46g/t for 1,675.3oz at an average price of $4,728/oz, generating ~$7.9M to the Phillips Find JV
• An additional 80,000t of ore from Phillips Find will be processed at the Greenfields Mill in both April and June in addition to approximately 80,000t of ore to be processes from Boorara to complete the Toll Processing Agreement with FMR.
• A New Toll Milling Agreement executed to treat 70,000t of ore from Phillips Find in
September/October 2025 to be processed at Focus Minerals Limited’s (Focus) Three Mile Hill processing plant
• Grade control drilling completed at Phillips Find and has resulted in a revised schedule where the final 70,000t ore mined in the current campaign is treated at Three Mile Hill
Mining, haulage and processing progressing well at Boorara
• Proceeds received from the processing of the first 50,604t of Boorara ore under the Ore Sale Agreement with Norton Gold Fields’ Paddington Mill for the processing of total of 1.24Mt of Boorara ore 2
• First ore stockpile from Boorara was 50,604 dry tonnes at 0.791g/t for 1,163 oz sold at an average gold price of $4,256/oz, generating ~$4.951M in revenue
• The second ore parcel is currently being processed at Paddington with a third parcel is in the process of being hauled. More than 100,000t of high-grade ore is currently stockpiled on the Boorara ROM pad, allowing for the additional campaigns to be processed at the Greenfields Mill in April and June
• Boorara is now operating at steady state ore production

 

 

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Commenting on the mining progress, MD and CEO Mr Grant Haywood said:

“Following on from our first gold pour for Boorara in January, we have now built up significant ore stockpiles, with mining now in steady state operation and in a position for the continuous processing of ore and cashflow generation which will continue well into 2026.

 

“We are also pleased to secure a new toll treatment agreement with Focus Minerals which aligns with the revised mining schedule at Phillips Find and allows us to increase our overall gold production from Boorara.

 

“As gold production ramps up in the June quarter we expect to commence a steady cash build from our dual mining and haulage operations.”

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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

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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 Horizon Minerals.

.

To read our full terms and conditions, please click HERE



City Investors Circle Market Review March 2025

City Investors Circle Market Review March 2025

City Investors Circle Market Review for March 2025 focuses on the record gold price and those watchlist companies whose share price is rising fast as a result.

The highlighted company is Gold Road Resources.

 

 

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PDAC 2025

 

 

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City Investors Circle Market Review March 2025 Published

 

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Market Review March 2025

The City Investors Circle Market Review for March 2025 focuses on the record gold price and those watchlist companies whose share price is rising fast as a result.

The Tier 1 Watchlist of ten producing gold mining companies had ten risers and no fallers in March, as the record high gold price drove up their share prices.

The average gain of all ten stocks was 20%, with Catalyst Metals leading the charge gaining 40% during the month, followed by Orla Mining, and Ora Banda Mining.

 

The highlighted company is Gold Road Resources.

Comments were amade about Catalyst Metals, Capricorn Metals, and West Lake Gold Mines.

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The main focus is on the price of gold and how finally the share prices of mining companies is responding to the higher profits being egnerated by the producers.

There was also a brief mention of PDAC 2025

 

To read the March 2025 Market Review online, please click here

 

To register to receive future Reviews and to receive invitations to our free to attend events, please email   Andrew@city-investors-circle.com

 

Live metal prices can be found HERE

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City Investors Circle News Archives for March 2025

Meeka Metals Announce 36m of 2.82 G/T Gold at Turnberry

.Mining Review 30th March 2025

Barton Gold Reports 17,600g/t Silver Intersected at Tarcoola’s Tolmer Prospect

Gold Road Announces Gruyere Underground Drill Results

West Red Lake Gold Mines Madsen Mill Restarted

Catalyst Metal’s Trident Drilling Extends Mineralisation Footprint

Gold Road Rejects Gold Field’s Offer

Catalyst Metals Suspended In Relation to “Material Assay Results”

Catalyst Metals Sells Its Henty Gold Mine to Kaiser Reef

Mining Review 23rd March 2025

Wesdome Reports Record Production in FY 2024

Capricorn Buys Out Its Hedge Book

Calibre Mining Buyout Opposed by Van Eck

Galiano Gold Reports Q4 And FY 2024 Results

Awalé Hits 2.0 g/t Gold Eq. over 52 metres at BBM

Gold Road Reduces Guidance for the March Quarter

Catalyst Announces First Stoping Ore From Plutonic East

Mining Review 16th March 2025

Cabral Gold Trenches 20m @ 3.6 g/t Gold at Machichie

Awalé Updates on Drilling at High-Grade Gold Target

Ora Banda Mining’s New Outstanding Gold Discovery

G Mining Ventures CEO Named Producer of the Year

G Mining Ventures Commences Construction at Oko West

Capricorn Delivers Strong Half Year Results

Mining Review 9th March 2025

Orla Mining Completes the Musselwhite Acquisition

Meeka Discovers a New High-Grade Gold Zone

PDAC 2025 Day 4

PDAC 2025 Day 3

PDAC 2025 Day 2

PDAC 2025 Day 1

Mining Review 2nd March 2025

City Investors Circle Market Review February 2025

 

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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

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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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Meeka Metals Announce 36m of 2.82 G/T Gold at Turnberry

Meeka Metals (ASX: MEK)

Reported further high-grade gold assays from Turnberry Central, including multiple 20m+ intersections including 36m @ 2.82g/t Au from 89m including 10m @ 4.67g/t Au and 11m @ 3.85g/t Au (25TBGC058).

 

 

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Meeka Metals

Meeka Metals drill site – Credits Meeka Metals

 

 

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Meeka Metals ASX: MEK
Stage Development, exploration
Metals Gold
Market cap A$325m   @  A$0.13
Location Near Kalgoorlie, Western Australia
Website https://meekametals.com.au

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Meeka Metals Announce 36m @ 2.82g/t Au – Thick Zones of High-Grade Gold at Turnberry Central

 

 

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Meeka Metals Limited (ASX: MEK) (“Meeka” or the “Company”) is pleased to report further high-grade gold assays from Turnberry Central, including multiple 20m+ intersections:
• 36m @ 2.82g/t Au from 89m including 10m @ 4.67g/t Au and 11m @ 3.85g/t Au
(25TBGC058)
• 24m @ 1.89g/t Au from 46m including 11m @ 2.67g/t Au (25TBGC040)
• 22m @ 1.92g/t Au from 48m including 5m @ 5.88g/t Au (25TBGC037)
• 22m @ 1.86g/t Au from 45m including 5m @ 3.47g/t Au and 5m @ 2.42g/t Au
(25TBGC046)
•
Infill and extensional drilling at Turnberry continues to intersect broad zones
of high-grade gold with multiple 20m+ intersections.
• New 20m+ thick, high-grade gold assays from Turnberry Central include:
o 36m @ 2.82g/t Au from 89m including 10m @ 4.67g/t Au and 11m @
3.85g/t Au (25TBGC058)
o 24m @ 1.89g/t Au from 46m including 11m @ 2.67g/t Au (25TBGC040)
o 22m @ 1.92g/t Au from 48m including 5m @ 5.88g/t Au (25TBGC037)
o 22m @ 1.86g/t Au from 45m including 5m @ 3.47g/t Au and 5m @ 2.42g/t
• RC drilling remains ongoing at the Murchison Gold Project (“Murchison”) in
advance of stage 1 open pit mining which continues to progress as planned.
Commenting on the drilling,

 

 

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Meeka’s Managing Director Tim Davidson said:

 

“These broad zones of shallow high-grade gold will support high productivity, low-cost open pit mining.

 

Open pit mining continues to ramp up with the mining fleet currently operating at St Anne’s.

 

 

“Activities will expand further in the coming weeks with work commencing at Turnberry, initially at Turnberry South then moving to Turnberry Central where these drill
results are from.”

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To read the full news release, please click HERE

 

The live Spot gold price 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 Meeka Metals. 

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To read our full terms and conditions, please click HERE

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Barton Gold Reports 17,600g/t Silver Intersected at Tarcoola’s Tolmer Prospect

Barton Gold (ASX:BGD)

Announced further high-grade assays from the Tolmer prospect at its South Australian Tarcoola Gold Project, where recent assays have confirmed high-grade gold and silver mineralisation.

Additional multi-element assays have identified further near surface mineralisation grading up to 17,600 g/t silver.

 

 

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Barton Gold

Barton Gold Drillling at Tolmer – Courtesy of Barton Gold

 

 

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Barton Gold ASX: BGD
Stage Production, development
Metals Gold
Market Cap A$67 Million   @ 30.5c
Location South Australia
Website www.bartongold.com.au

 

 

Barton Gold Reports 17,600g/t Silver Intersected at Tarcoola’s Tolmer Prospect

 

28,000 gram-metres silver drilled less than 50 metres from surface

 

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Barton Gold (ASX:BGD, FRA:BGD3, OTCQB:BGDFF) (Barton or Company) is pleased to announce further high-grade assays from the Tolmer prospect (Tolmer) at its South Australian Tarcoola Gold Project (Tarcoola), where recent assays have confirmed high-grade gold and silver mineralisation.

Additional multi-element assays have identified further near surface mineralisation grading up to 17,600 g/t Ag.

These assays also suggest the potential for new styles of high-grade mineralisation
at Tolmer, with the highest-grade silver assays appearing independent of gold and within a broad halo of anomalous lead mineralisation.

 

HIGHLIGHTS

• High-grade silver recently identified within Tarcoola Project’s new ‘Tolmer’ gold system

• Additional shallow aircore (AC) drilling results have returned further high-grade silver in association with a broad zone of anomalous lead, with new significant assays including:
Hole ID Interval / [depth] Including:
TBAC102 11m @ 0.73 g/t Au and 165 g/t Ag [9m] 3m @ 2.28 g/t Au and 439 g/t Ag [16m] TBAC130 17m @ <0.02 g/t Au* and 109 g/t Ag [7m]
6m @ <0.02 g/t Au* and 4,747 g/t Ag [46m]
3m @ 314 g/t Ag [9m]
1m @ 17,600 g/t Ag [46m]
* Note: field-based gold (Au) assays below detection limit of 0.02 g/t Au
• Previous significant gold and silver assays from Tolmer reverse circulation (RC) drilling include:1
Hole ID Interval / [depth] Including:
TBM0145 1m @ 2.16 g/t Au and 241 g/t Ag [79m]
TBM0161 4m @ 24.6 g/t Au and 82.8 g/t Ag [95m] 1m @ 83.6 g/t Au and 312 g/t Ag [97m]
• Gold and silver assays for 2,230m Tolmer reverse circulation (RC) drilling remain outstanding

 

 

 

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Commenting on Tolmer’s latest high-grade silver assays, Barton MD Alexander Scanlon said:

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“This is an exciting addition to our recent Tolmer discovery.

 

“This style of silver-dominant mineralisation appears to be previously unrecognised in the Tarcoola Goldfield, and the best intersection of 6m @ 4,747 g/t silver sits within 50 metres of surface – shallower than our neighbouring historical high-grade Perseverance Mine.

 

“That 6m @ 4,747 g/t silver intersection also sits within the transitional zone between the oxidised and fresh domains.

 

“The AC drilling was unable to penetrate the underlying hard quartzite fresh rock, and we have already completed 2,230 metres of RC drilling to test for extensions of gold and silver mineralisation below this horizon.

 

“Assays for the follow up RC drilling are expected shortly. We look forward to sharing the results.”

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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

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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 Barton Gold.

.

To read our full terms and conditions, please click HERE



Gold Road Announces Gruyere Underground Drill Results

Gold Road Resources (ASX: GOR)

Released initial results from the Gruyere underground drilling program designed to confirm that the Gruyere ore body extends at depth.

The highlights included 119 metres at 1.10 g/t Au including 33 metres at 1.57 g/t Au from 834 metres, from hole GYDDEX00001.

 

 

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Gold Road ASX : GOR
Stage Production   (50% JV)
Metals Gold
Market cap A$3.2 Billion   @ A$2.93
Location Laverton, Western Australia
Website www.goldroad.com.au

 

 

Comment

Interesting announcement made so close to the Gold Field’s bid for Gold Road. 

This highlights the underground potential which Gold Road say is not in the current bid price, and I agree with that.

Clearly Gold Fields want to make their bid before the underground potential is discovered, hence the “opportunistic” comments flying around in the market.

I do feel that Gold Fields will come back to the table with a better offer, maybe A$3.50 or higher, which might be deemed acceptable by the Gold Road board?

I would prefer the offer to expire and Gold Road continue as it is, as they have a runway of new projects that can generate extra cash by processing through Gruyere, as well as the underground to kick in once the pit is exhausted.

 

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GOLD ROAD ANNOUNCES GRUYERE UNDERGROUND INITIAL DRILL RESULTS

 

Gold Road Resources Limited (ASX: GOR) (Gold Road or the Company) presents initial results from the Gruyere underground drilling program designed to confirm that the Gruyere ore body extends at depth.

The Gruyere JV is a 50:50 joint venture with Gruyere Mining Company Pty Ltd, a member of the Gold Fields Ltd group (Gold Fields), which manages and operates the Gruyere gold mine (Gruyere).

The Gruyere JV is conducting an underground drill program and other studies to assess the potential underground expansion of the Gruyere gold mine. This includes a scoping study that isbbeing conducted by SRK Consulting into the underground mining potential which is yet to be finalised.

The underground drill program is an 18 month, 60,000 metre program beneath the Gruyere open pit to confirm that the ore body extends at depth.

The drill program is targeting deeper ore zones of approximately 700 metres below the final Ore Reserve pit design, and infill drilling within the upper 400 metre section of the conceptual underground resource to achieve an Indicated Mineral Resource level of confidence.

1 Previous drill programs have identified mineralisation to a depth
of 1,150 metres below the surface.

Results from 13 infill drillholes (9,478 metres) have been returned from the drilling program up to 200 metres beneath the final Ore Reserve pit design.

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The initial results confirm the quality, consistency and continuity of the Gruyere ore body at depth. Highlights from initial returned assays include:
 119 metres at 1.10 g/t Au including 33 metres at 1.57 g/t Au from 834 metres
(GYDDEX00001);
 54 metres at 1.62 g/t Au including 28 metres at 1.99 g/t Au from 480 metres (GYDDEX00024);
 87 metres at 0.86 g/t AU including 18 metres at 2.20 g/t Au from 737 metres (GYDDEX00011);
 68 metres at 1.11 g/t Au including 21 metres at 1.37 g/t Au from 641 metres (GYDDEX00015W01);

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The drill program to confirm the underground mining potential will continue over the next 15 months.

Currently, there are four surface diamond drill rigs dedicated to the program, increasing to five drill rigs in the coming months.

 

 

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Duncan Gibbs, Managing Director and CEO said:

 

“These initial results from the drill program, supported by results from existing drillholes, provide further confidence that the ore body extends as expected and that there is good potential for profitable underground mining at Gruyere.

 

“The studies and drilling have the potential to prove that gold mining at Gruyere could continue well beyond 2032, adding material value to Gruyere and Gold Road shareholders.”

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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

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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 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.

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

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West Red Lake Gold Mines Madsen Mill Restarted

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

Provided an update on mine restart activities at the Madsen Mine, where the mill is now processing low-grade material ahead of introducing Stope 1 of the bulk sample next week.

In addition, the camp is now housing workers.

 

 

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West Red Lake Gold Mines

Madsen Mill – Courtesy of West Red Lake Gold Mines

 

 

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West Red Lake Gold TSX.V : WRLG
Stage Exploration / Development
Metals Gold
Market cap C$197 m   @ 62 cents
Location Ontario, Canada
Website www.westredlakegold.com

 

 

Madsen Mine Update: Mill Restart and Key Operational Milestones Achieved

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West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or the “Company”) (TSX.V: WRLG) (OTCQB: WRLGF)is pleased to provide an update on mine restart activities at the Madsen Mine, where the mill is now processing low-grade material ahead of introducing Stope 1 of the bulk sample next week.

In addition, the camp is now housing workers, the pace of underground development continues to rise, and the Connection Drift is within 84 metres (94%) of completion. There is active development and mining in multiple areas of the mine.

 

 

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Shane Williams, President and CEO said 

“Turning on the Madsen Mill to process the bulk sample was a very exciting moment for the entire West Red Lake Gold team, who have been working tirelessly in recent months as we push towards production.

 

“A smooth restart of this major piece of infrastructure reinforces that our level of preparation has created translated into successful operational readiness ahead of initial production.

 

“With gold prices trading at record levels, it is an exciting and fortuitous time to be making the transition from developer to producer.”

 

 

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Figure 1. Recently collected rock sample with visible gold from South Austin 11 Level, specifically from Heading SA_11_987_SIL.

 

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Mill Restarted

The mill was started up on Monday March 10thafter 28 months of maintained dry shutdown. Ahead of restart the Company’s mill team completed extensive pre-commissioning work, including replacing mill liners and discharge lines, cycling process water through the system, and revitalizing the CIP and carbon circuits.

The mill encountered no operational issues on restart. For the first five days the facility processed material from a legacy low-grade stockpile, after which feed transitioned to a modern stockpile of low-grade material.

 

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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

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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 West Red Lake Gold Mines.

.

To read our full terms and conditions, please click HERE



Catalyst Metal’s Trident Drilling Extends Mineralisation Footprint

Catalyst Metals (ASX:CYL)

Reported drilling results at the Trident Gold Project, located on the Plutonic Gold Belt.

Step out drilling has intersected mineralisation 430m along strike and 600m
below the existing Resource indicating the mineralisation footprint of the
deposit is bigger than anticipated.

 

 

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Catalyst Metals

Catalyst Metals Mining, courtesy of Catalyst Metals

 

 

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Catalyst Metals ASX : CYL
Stage Exploration / development
Metals Copper / Gold
Market cap A$1.1 Billion   @ A$4.87
Location Murchison, Western Australia
Website https://catalystmetals.com.au

 

 

 

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Catalyst Metal’s Trident Drilling Extends Mineralisation Footprint

Step out drilling confirms mineralisation extends at depth with potentially repeating higher grade lodes

 

Catalyst Metals Limited (ASX:CYL) (Catalyst or the Company)  is pleased to report drilling results at the Trident Gold Project, located on the Plutonic Gold Belt.

Highlights

• Recent drilling at the Trident Project has returned a number of favourable intercepts that, should they continue, and subject to further drilling, have the potential to significantly extend the mine’s life.
• The Trident Project is an undeveloped gold deposit within the Plutonic Belt; it lies 30km north-east of the underutilised Plutonic processing plant
• It currently has an underground gold Resource and Reserve of 508koz @ 3.7 g/t (2023) and 182koz @ 4.7 g/t (2024) respectively
• Catalyst consolidated the Plutonic Gold Belt in 2023 as it was attracted to the exploration the belt offered. Unfortunately, as part of the consolidation, it inherited a poor balance sheet limiting its ability to explore. As Catalyst’s balance sheet strengthened during 2024, it increased exploration expenditure
• In January 2025, Catalyst committed to 320km of drilling across the Plutonic Belt over the next 12 months. This included a program at Trident targeting inferred Resource
conversion and step out extensions
o Step out drilling has intersected mineralisation 430m along strike and 600m
below the existing Resource indicating the mineralisation footprint of the
deposit is bigger than anticipated
o Resource conversion drilling results suggest the higher-grade lodes are
repeating at depth. Tighter spaced resource conversion drilling has returned
intercepts relatively close to one another and within the previously lower grade
inferred Resource
• While our investigations are early, and further surface drilling is required, the higher
grade clusters at depth, where we haven’t seen them before, is interesting.

 

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• Drill results of note received to date are as follows:

o 8.9m at 9.8 g/t Au o 13m at 4.5 g/t Au
o 11m at 7.5 g/t Au o 2m at 24.1 g/t Au
o 8.5m at 9.5 g/t Au o 5m at 9.2 g/t Au
o 11.5m at 5.6 g/t Au o 11m at 3.7g/t Au
o 4.6m at 9.4 g/t Au o 13m at 2.5 g/t Au

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Capital Structure
Shares o/s: 226m
Options: 3.1m
Rights: 12.3m
Cash & Bullion: A$84m
Debt: nil

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Reserve and Resource1,2
MRE: 3.4Moz at 2.9g/t Au
ORE: 1.0Moz at 3.0g/t Au

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Catalyst’s Managing Director & CEO, James Champion de Crespigny, commented:

“Trident can be drilled from surface. As can much of the Plutonic Belt. That is a considerable advantage for both cost and time value of money reasons.

 

“The drilling at Trident to date has delivered some interesting results. The current gold Resource is 508koz, the second largest on the belt.

 

 

“This drilling has sought two things: deeper drilling to expand the known mineralised footprint and to infill inferred Resources to indicated with the hope of expanding Reserves.

 

“The deposit is unconstrained by drilling at depth. The deeper, 1km, step out holes we have drilled – ie. 600m below the current Resource – suggest the system is still alive at 1,300m down dip, more than twice the depth of the current Resource.

 

“The closer spaced Resource definition program has intersected a number of higher-grade hits. This could be unveiling higher grade repeatable lodes. Our understanding of this will continue to evolve with further drilling.

 

Much is still unknown about Trident. Further drilling will unveil more. But we like what this project represents – a low capital intensity near term brownfield development opportunity with the potential to add material value to Catalyst should the gold Resource expand beyond the current estimate of 500,000 ounces”

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To read the full news release please click HERE

The live Spot gold price 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 Catalyst Metals. 

.

To read our full terms and conditions, please click HERE

.



Gold Road Rejects Gold Field’s Offer

Gold Road Resources (ASX: GOR)

Notes Gold Fields Limited market announcement of 24 March 2025 and confirms it has received, considered and subsequently rejected an opportunistic, conditional and non-binding indicative proposal from Gold Fields.

 

 

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Gold Road

Gruyere Mine, courtesy of Gold Road Resources.

 

 

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Gold Road ASX : GOR
Stage Production   (50% JV)
Metals Gold
Market cap A$2.98 Billion   @ A$2.75
Location Laverton, Western Australia
Website www.goldroad.com.au

 

 

Comment

This looks a vey opportunistic offer given the timing so soon after the downgrade in guidance due to mechanical issues at the Gruyere mine.

Worth just over A$3.05 at current market prices, the offer is at a decent premium, but I have held this stock for over twelve years and I would vote down the offer personally.

I wonder if they will come back with a more attractive offer?  If they offered a minimum of A$3.50 I would be happy to sell for that now and reinvest the profits into other Austrlian producers, there are quite a few that are looking promising at the current gold price.

 

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GOLD ROAD RESOURCES RECEIPT AND REJECTION OF NON-BINDING INDICATIVE OFFER FROM GOLD FIELDS

 

Gold Road Resources Ltd (ASX: GOR) (Gold Road or the Company) notes Gold Fields Limited (Gold Fields) market announcement of 24 March 2025 and confirms it has received, considered and subsequently rejected an opportunistic, conditional and non-binding indicative proposal from Gold Fields (the Offer).

The Offer, received after market close on 7 March 2025, contemplated an acquisition of 100 percent of the shares on issue in Gold Road, by way of scheme of arrangement (the Proposed Transaction) for A$2.27 cash per share plus a variable cash amount equal to the proportionate value of each Gold Road shareholder’s interest in the shares that Gold Road holds in De Grey Mining Ltd.

After careful consideration and engagement with Gold Fields, the Gold Road Board unanimously formed the view that the Offer materially under values Gold Road and is highly opportunistic in nature.

Gold Road notes that the receipt of the Offer coincided with a lower March 2025 quarter
production due to maintenance on the primary crusher and the failure of two conveyor belts (announced to ASX on 18 March 2025).

Gold Fields is the Manager of the Gruyere Joint Venture.

Further, the Offer appears to have been opportunistically tabled by Gold Fields in advance of the completion of exploration and studies into the potential underground expansion of the Gruyeren mine.

An 18-month drilling program to confirm that the Gruyere orebody extends at depth, with the results of that program being material to properly understanding the potential upside value of Gruyere.

The Offer attributes no value at all to the potential underground expansion of the Gruyere mine. As such, the Gold Road Board formed the view that it is not in the best interest of its shareholders to accept the Offer and rejected the Offer on 14 March 2025.

Gold Road tabled an alternative proposal to acquire Gold Fields’ interest in the Gruyere Joint Venture (Gruyere) (the Gold Road Counterproposal).

The Gold Road Counterproposal for Gruyere was rejected by Gold Fields.

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A press release from Australia detailing the reasons for the rejection can be read HERE.

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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

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Disclosure

At the time of writing the author holds  shares in Gold Road Resources

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