Eloro Resources Ltd. (TSX.V: ELO)
Provided an update on its Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia.
By the end of 2021, the Company completed 40,468 metres (m) in 73 drill holes at Iska Iska. Currently there are two surface drill rigs and one underground drill rig on site. Drilling with all rigs recommenced on January 17, 2022. Continue reading
Cartier Resources (TSX.V: ECR)
Announced high grade channel sampling results from the 2021 exploration program at the 100 % owned Fenton gold property located 50 km southwest of Chapais, Quebec, Canada.
This included 27/4 gpt gold over 8 metres. […] Continue reading
Calidus Resources Limited (ASX: CAI)
Announced that it has a 50 per cent interest in a new Pilbara lithium exploration company, Pirra Lithium Pty Ltd, owned equally by Calidus and Haoma Mining NL.
Pirra Lithium will be assigned tenements and lithium rights across the most prospective lithium ground in the Calidus and Haoma portfolios. These tenements and lithium rights
cover 1,063km2 […] Continue reading
Lithium Power International (ASX: LPI)
Announced its intention to demerge its Western Australian hard rock lithium assets.
The Demerger will create a dedicated, WA-focused lithium exploration company with the management team and resources to realise the value of the WA assets, and allow LPI to focus on their Maricunga asset in Chile. Continue reading
City Investors Circle – PDAC 2022 makes history
The PDAC announced today that they have moved the 2022 conference from March to June 2022, making history as the first show to take place outside the winter month of March, traditionally the coldest time of the year.
So PDAC 2022 will be shorts and t shirts in place of trench coats, gloves, hats, and mufflers! Continue reading
Tinka Resources Limited (TSX.V: TK)
Announced an exploration update at its 100% owned zinc-silver and copper-gold projects in Central Peru.
In particular it increased the scale of the high grade gold and copper discovery at Silvia NW. Continue reading
City Investors Circle Mining Review 16th January 2021
Coking coal really roofed it this week, up 14%, and has gone into contango, meaning the future price of coal into China is now being than the present market price.
Colonial Coal is a beneficiary of this strong price at a time where it’s rumoured that potential predators are circling.
Gold had a good week, as did nickel, copper, and tin. Continue reading
Ascot Resources Ltd.(TSX: AOT)
Announced additional assay results from the 2021 exploration drill program at the Company’s Premier Gold Project.
This release contains the remainder of assay results from exploration drilling at the Day Zone, as well as assays from one hole drilled at the Woodbine target and one at the Boneyard near the Premier mill. Continue reading
Latrobe Magnesium (ASX: LMG)
Has been added to the second tier ‘Championship’ watchlist of City Investors Circle.
The company is developing environmentally friendly magnesium producing technology, giving them an edge in minimal co2 emissions, and a much lower production price then the Chinese producers, who dominate the industry producing around 87% of world supply. Continue reading
03 Mining Inc. (TSX.V: OIII)
Provided an update on its well-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d’Or, Québec, Canada which seeks to convert, expand, and discover new gold resources.
The Corporation is reporting 15 holes drilled in and around the Marban open-pittable deposits. Continue reading
American Creek Resources Ltd. (TSX.V: AMK)
Presented final drill results from the 30,108 meter, 2021 resource expansion and definition drilling program for the Goldstorm Deposit and Calm Before the Storm Zone , as well as surface sampling results from the Eureka Zone, at their flagship property, Treaty Creek, located within the Golden Triangle of Northwest British Columbia. Continue reading
Newcore Gold Ltd. (TSX.V: NCAU)
Announced additional drill results from the 90,000 metre drill program underway at the Company’s 100% owned Enchi Gold Project in Ghana.
RC drilling at the Nyam Gold Deposit at Enchi has intersected high-grade oxide gold mineralization near surface grading 1.79 g/t Au over 24.0 m from 38 m. RC drilling at Kwakyekrom intersected 0.99 g/t Au over 29.0 m from 81 m. Continue reading
Magnetic Resources (ASX: MAU)
Magnetic Resources’ recent infill and extension drill program at Lady Julie has found both thick and high-grade zones starting from surface.
This promising southern part of the Lady Julie North 1 target zone area is being tested in detail over a 1km length with 33 RC holes planned for 3518m averaging 107m per hole. Continue reading
Cabral Gold Inc. (TSX.V: CBR)
Provided a summary of successes achieved during 2021 at the Cuiú Cuiú gold district in Para State, northern Brazil, and outlined its plans for 2022.
Cabral is looking forward to continuing its aggressive exploration program in 2022 following encouraging drill results in December which included 22.4m @ 4.8 g/t gold. […] Continue reading
City Investors Circle Mining Review 9th Jan. 2022
Gold has fallen back once again after the FED indicated it would raise interest rates in March, and the US dollar and bond yields rose.
Gold is hanging around $1,800, but many market commentators are predicting a fall as the rate hike nears, so maybe a time to look at moving some funds into cash until the next gold bull run starts. Gold stocks are already beaten up with many falling around 50% in a year, so you have to ask how much more can they fall?
Copper and some other base metals covered by the Market Review also fell, as the US dollar gained strength. Continue reading
Minera Alamos (TSX.V: MAI)
Osisko Development Corp. (TSX.V: ODV) announced that it has disposed of a total of 34,290,000 common shares Minera Alamos Inc. at a price ranging from $0.50 to $0.57 per common pursuant to market dispositions performed from October 25, 2021 to December 29, 2021 for gross proceeds of $18,532,170.
Following this, ODV now owns, 41,790,000 common shares of Minera Alamos representing approximately 9.4% […] Continue reading
Lithium Power International (ASX: LPI)
Provided an update on activities being undertaken in Western Australia.
A particular focus is immediately adjacent to the Greenbushes lithium mine, which is owned by Talison Lithium and has Albemarle Corp., Tianqi Lithium, and IGO Limited as its owners. Continue reading
Fiore Gold (TSX.V: F)
Announced the voting results of its special meeting of Fiore shareholders held on January 5, 2022.
At the Meeting, the Shareholders passed a special resolution approving the proposed acquisition by way of a plan of arrangement by Calibre Mining Corp. Continue reading
City Investors Circle – London
Due to losing two companies to buyouts in late 2021, the exploration watchlist has been revamped, and three new companies added, all ASX listed.
They are; Argosy Minerals, Magnetic Resources, and Rumble Resources. Continue reading