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Ascot Closes C$5 Million Flow Through Private Placement

Ascot Resources  (TSX: AOT

Announced that the Company has closed the second of two tranches of the C$5 million non-brokered flow through private placement, the proceeds of which will be used to fund the 2024 exploration program at the Company’s Premier Gold Project in the prolific Golden Triangle of  British Columbia. Continue reading

Mining Review 16th June 2024

Mining Review 16th June 2024

A mildly positive week for gold and precious metals as the long running saga of when will the US cut rates this year continues, with an immediate cut looking out of the question currently.

New from our watchlist was dominated by G Mining Ventures and West Red Lake Gold Mines, with two news items each, but others stole the show. Continue reading

Calidus Announce Maiden Resource to underpin Nullagine Restart

Calidus Resources (ASX: CAI)

Announced a maiden JORC 2012 Mineral Resource at the Nullagine Gold Project of 6.9Mt at 2.15g/t Au for 475,114 ounces.

This includes Measured and Indicated Resources of 4.1Mt at 2.33g/t Au for 307,497 ounces, representing 65% of the total Resource. Continue reading

G Mining Ventures Commences Processing Ore at Tocantinzinho

G Mining Ventures  (TSX: GMIN)

Provide dan update on commissioning progress at GMIN’s 100%-owned Tocantinzinho Gold Project in the State of Pará, Brazil.

TZ is engineered to produce approximately 175,000 ounces of gold annually over its initial 10.5-year mine life and is on track and on budget for commercial production in H2-2024. Continue reading

West Red Lake Gold Intersects 16.69 g/t Au over 8m

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

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.

The drill results are focused on the high-grade South Austin Zone, which currently contains anIndicated mineral resource of 474,600 ounces grading 8.7 grams per tonne gold . Continue reading

American Creek Non-Binding LOI and Exclusivity With Cunningham

American Creek  (TSX.V: AMK)

Announced that it has entered into a non-binding and arm’s length letter of intent dated June 5, 2024 with Cunningham Mining Ltd., to engage in due diligence and negotiations regarding the terms of a proposed transaction whereby Cunningham, or a subsidiary of Cunningham, would acquire all of the issued and outstanding securities of the Company.  Continue reading

Mining Review 9th June 2024

Mining Review 9th June 2024

It was an eventful week for Calibre Mining, reporting good drill results near their Valentine gold project in Newfoundland, and a “partial slope movement” at their mine in Nicaragua. It was the latter than the market focused on.

We have to hope that this can be contained and repaired without serious incident. Continue reading

West Red Lake Gold Outlines 2024 Madsen Mine Plans

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

Outlined some of the key mine infrastructure and development projects the Company plans to undertake at the Madsen Mine in the near to medium term with the funds from its recent financings.

West Red Lake Gold has a goal to restart the high-grade Madsen gold mine in the second half of 2025. Continue reading

Calibre Finds New Gold Mineralisation At Valentine

Calibre Mining (TSX: CXB)

Announced drill results from its 2024 exploration program within its Valentine Gold Mine complex in Newfoundland & Labrador, Canada.

Today’s results are located immediately southwest of the Leprechaun deposit, on the edge of the open pit (2022 Mineral Reserves of 15.1Mt grading 1.73 g/t gold containing 0.84 Moz). Continue reading

Thesis Gold Positive Metallurgical Tests for Lawyers-Ranch 

Thesis Gold (TSX.V: TAU)

Announced the successful completion of preliminary metallurgical testing at the Lawyers-Ranch Project.  

This testing aims to assess the economics of an expanded project that integrates high-grade feed from Ranch and higher-grade underground material to a processing site at Lawyers. Continue reading