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Cabral Gold Drills 10m @ 3 g/t Gold at Machichie West

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

Karora and Westgold Merger Nears Completion

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

Aris Mining H1 2024 Production, Reaffirms 2024 Guidance

Aris Mining (TSX: ARIS)
Announced gold production of 99,983 ounces for H1 2024, with 88,613 ounces from Segovia and 11,370 ounces from the Marmato Upper Mine.
As the Segovia mine plan progresses to higher-grade zones the Company is on track to meet the lower end of its full-year production guidance of 220,000 to 240,000 ounces. 

Continue reading

Calibre To Commence A 100,000 M Drill Program

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

Mining Review 14th July 2024

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

Karora Shareholders Recommended to Approve The Westgold Proposed Arrangement

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

Victoria Gold Heap Leach Failure – Can it Survive?

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.

Continue reading

Mining Review 7th July 2024

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

Skeena Announces Positive Judgement By The BC Appeal Court

Skeena Resources (TSX: SKE)

Announced that the British Columbia Court of Appeal overturned the decision of the Chief Gold Commissioner and Supreme Court of British Columbia in the matter,Skeena Resources Limited v Richard Mill, the Chief Gold Commissioner of British Columbia and Orogenic Gold Corp. Continue reading

Wesdome Extends High Grade Mineralization Across Multiple Zones

Wesdome Gold Mines (TSX: WDO)

Updated on underground exploration activities at the Company’s wholly-owned Eagle River Mine near Wawa, Ontario.

Drilling has extended the high grade zone 150 metres to the east, adjacent to existing infrastructure.  Hole 758-E-456: 71.7g/t Au over 3.3 m core length (58.2g/t Au capped, 2.8 m true width). Continue reading