Capricorn Metals (ASX: CMM)
Published their Quartery Exploration Update doe their Mt. Gibson and Karlawinda projects.
Assays received from 123 resource definition holes (19,738 metres) since the last update in April 2024 continue to return exceptional results within and extensional to the resource. Continue reading
Cornish Metals (AIM / TSX-V: CUSN)
Announced that it has entered into a binding agreement with Elemental Altus Royalties Corp. for the sale of the royalty interests that the Company holds on the Mactung and Cantung tungsten projects located in Northern Canada for a total cash consideration of US$4,500,000. Continue reading
BPM Minerals (ASX: BPM)
Updated on the Claw Gold Project’s impending phase 2 drilling program.
The Phase 2 AC/RC drilling program will commence in mid-August, designed to test the Louie gold anomaly – a 1km long, 100 ppb Au gold in regolith anomaly immediately along strike of Capricorn Metals Ltd.’s 3.24 Moz Mt Gibson Gold Project. Continue reading
Barton Gold (ASX: BGD)
Released a Tunkillia gold and silver mine Scoping Study presentation, following their ASX announcement on the 16th July. Continue reading
Mining Review 21st July 2024
Gold had a poor week, crashing to $2,400 when it looked on the cusp of breaching $2,500.
G Mining Ventures and Karora Resources both announced the closure of their respective business combinations, and Cabral Gold and West Red Lake Mining both announced high grade drill results. Continue reading
Cabral Gold (TSX.V: CBR)
Announced drill results from fifteen initial reconnaissance RC holes drilled at the Machichie West target within the Cuiú Cuiú gold district.
The highlight was hole RC439 returned 10m @ 3.00 g/t gold from 11m depth in weathered saprolite including 5m @ 5.37 g/t gold from 13m depth. Continue reading
Westgold Resources (ASX: WGX)
Updated in relation to the proposal to acquire 100% of the issued and outstanding common shares of Karora Resources Inc. by way of a court-approved plan of arrangement under the Canada Business Corporations Act.
On 17 July 2024, Westgold received written confirmation from the FIRB that the AustralianGovernment has no objection to the Transaction under the Foreign Acquisitions and Takeovers Act 1975. Continue reading
G Mining Ventures (TSX: GMIN)
And Reunion Gold Corporation (TSXV:RGD) are pleased to announce that the business combination between GMIN and Reunion Gold has been completed by way of a court approved plan of arrangement under the Canada Business Corporations Act. Continue reading
Calibre Mining (TSX: CXB)
Announced a 100,000 metre resource expansion and discovery drill program at its 100% owned, fully funded Valentine Gold Mine located in the central region of Newfoundland & Labrador, Canada.
This will be the largest pure exploration drilling campaign in Valentine’s history. Continue reading
West Red Lake Gold Mines (TSXV: WRLG)
Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada.
The highlight was hole MM24X-03-5195-018, which Intersected 10m @ 13.40 grams per tonne gold, from 82m to 92m. Continue reading
Mining Review 14th July 2024
A disastrous week for Calidus Resources shareholders as the mine is put into care and maintenance, and all looks lost for investors.
Victoria Gold is holding its own despite having two million tons of leach pad strewn around the bottom of a mountain in the Yukon. Continue reading
G Mining Ventures (TSX: GMIN)
Announced that its shareholders have approved a special resolution authorizing the plan of arrangement with Reunion Gold Corporation previously announced on April 22, 2024, at the annual general and special meeting of Shareholders held earlier today. Continue reading
Ora Banda MIning (ASX: OBM)
The Sand King Underground Final Investment Decision has been approved by the Ora Banda Board to become the Company’s second underground mine at the Davyhurst Gold Project.
This will raise gold production to 150.000 Oz PA in FY 2026. Continue reading
Karora Resources Inc. (TSX: KRR)
Announced that Institutional Shareholder Services (“ISS”), a leading independent proxy advisory firm, released a repor recommending that Karora shareholders vote in favour of the previously announced statutory plan of arrangement with Westgold Resources Limited. Continue reading
Calidus Resources (ASX: CAI)
A transition to care and maintenance for the Warrawoona Gold Mine will be undertaken over a period of three weeks, pursuant to a detailed plan to ensure that value is preserved in all of the Group’s fixed assets. Continue reading
G Mining Ventures (TSX: GMIN)
Announced that it has completed its first gold pour at GMIN’s 100%-owned Tocantinzinho Gold Projectin the State of Pará, Brazil.
The first pour yielded approximately 440 ounces of gold. Continue reading
Calibre Mining (TSX: CXB)
Announced that the corresponding Nicaraguan authorities have granted the Company the key environmental permits for the development and production of the open pit mines at the Volcan gold deposit located approximately 5 km south of the Libertad mill. Continue reading
Victoria Gold (TSX: VGCX)
On the 24th June Victoria Gold reported a Heap leach pad “incident”, and operations were “temporaily suspended”, which sounded fairly innocuouos at the time.
What they failed to say was that around two million tons of a four million ton leachpad had slipped off the top of the mountain and collapsed down the side!
I seriously doubt the company can survive this catastrophe, and I predict it will cease to exist.
Mining Review 7th July 2024
It’s been a bad couple of weeks or so for a few mining companies, with some investment changing news coming out of the blue.
Firstly Red Pine admitted their drill results has been “manipulated” over a number of years by the then COE, then Victoria Gold suffered a catastrophic collapse of it’s heap leach pad in Canada, and then Calidus Resources, a producing gold miner, called in the administarators. Continue reading
