Gold Road Resources Limited (ASX: GOR)
Advised that it has committed to subscribe in the two tranche institutional placement by De Grey Mining Limited (ASX:DEG) (De Grey) at $1.05 per share, as announced by De Grey on 28 September 2023.
Thus maintains Gold Road’s percentage shareholding in De Grey Mining. Continue reading
West Red Lake Gold (TSX.V: WRLG)
I have followed the story of the Madsen Mine since it was opened by the now defunct Pure Gold Mining, formerley dual listed on the TSX and AIM markets.
Now it is in the hands of West Red Lake Gold at a bargain price, at a cost of literally pennies on the pound, this looks a very attractive propostion, especially with an experienced management team and good shareholder register.
On the 12th September, the “investing Whisperer” wrote a sponsored promotion of WRLG. What puzzles me is their need for a stock promotion currently? Continue reading
Westhaven Gold (TSX.V: WHN)
Provided an exploration update on its 17,623-hectare Shovelnose gold property. Shovelnose is located within the prospective Spences Bridge Gold Belt, which borders the Coquihalla Highway 30 kilometres south of Merritt, British Columbia. Continue reading
Cyprium Metals (ASX: CYM)
Advised that CYM issued ordinary shares have been reinstated to official quotation and will resume trading upon market open today following the confirmation from ASX of the satisfaction of certain conditions for reinstatement to quotation.
The shares subsequently collpapsed from 10c to 4c as shareholders dumped their holdings in response to the deeply discounted placing. Continue reading
Mining Review 24th September 2023
We announced the initiation of coverage of West Red Lake Gold recently, and they delivered some decent drill results this week.
The other watchlist company reporting good results was Karora Resources, at its Beta Hunt Mine is Western Australia. Continue reading
Cornish Metals (AIM / TSX.V: CUSN)
Reported that it has commenced a 14-hole / 9,000 m exploration drilling programme at the Wide Formation target in the Carn Brea South exploration area, located along the southern boundary of the mine permission area on its South Crofty Tin Project located in Cornwall, United Kingdom, Continue reading
i-80 GOLD CORP. (TSX: IAU)
Announced that it has entered into an amended and restated gold prepay purchase and sale agreement with an affiliate of Orion Mine Finance, pursuant to which the Company has received aggregate gross proceeds of $20 million structured as an additional accordion. Continue reading
Neometals (ASX / AIM: NMT)
Announced that the Australian Patent Office has granted Neometals’ 50% owned
recycling intellectual property subsidiary, A.C.N. 630 589 507 Pty Ltd a patent for the key process steps of its lithium-ion battery recycling process. Continue reading
Global Mining Finance 2023
First details have been announced for the Autumn 2023 Global Mining Finance Conference in the City of London.
The TMX Group sponsored conference has a new venue, six exciting companies are presenting, including three from Canada. Continue reading
Karora Resources (TSX: KRR)
Announced further significant results from gold exploration and infill drilling at the Beta Hunt and Spargos Mines.
Infill and extensional drilling targeting the Mason Zone delivered strong results extending the mineralized strike by 100 m to 800 m, providing confidence for a potential new deposit for future mining. Continue reading
West Red Lake Gold Mines (TSX.V: WRLG)
Announced an update from the 2023 exploration drilling program on its Rowan Property, located in the prolific Red Lake Gold District of Northwestern Ontario, Canada.
Hole RLG-23-163B intersected 70.80 grams per tonne gold over 8.3 metres, including 1,120.19 g/t Au over 0.5 m. Continue reading
Mining Review 17th September 2023
We initiated coverage of West Red Lake Gold Mines, new owners of the Madsen Mine, formerly owned by Pure Gold Mining, which went into administration, and subsequently delisted from the TSX.V and AIM markets.
Ascot Recources, i-80 Gold, and Karora Resources all reported good drill results in a busy reporting week. Continue reading
West Red Lake Gold Mines (WRLG.V)
WRLG purchased the Madson Mine, located in Ontario, from the administrators of LSE listed Pure Gold Mining last year, and are starting to put together their plan to correct the mistakes made by the previous owners.
i-80 GOLD CORP. (TSX: IAU)
Reported positive results from exploration drilling at the Company’s 100%-owned Ruby Hill Property located in Eureka County, Nevada.
The 2023 program continues to expand high-grade gold and polymetallic mineralization in multiple zones, the highlight being 15.6 % Zn, 8.7 % Pb, 420.4 g/t Ag, and 0.6 g/t Au over 40.4 m. Continue reading
Ascot Resources (TSX: AOT)
Announced the first batch of assay results from the 2023 exploration drill program at the Company’s Premier Gold Project in the prolific Golden Triangle of northwestern British Columbia.
These results are from surface drilling for in-fill and exploration purposes at the Prew Zone in the Premier deposit, southeast of the Premier mill. Continue reading
Karora Resources (TSX: KRR)
Announced the second set of results from the nine-hole drill program aimed to test and infill the southern extension of the Fletcher Shear Zone over 500 m of strike north of the Alpha Island Fault.
Assays from the final five holes of the program were received, highlighted by broad, high grade intersections. Continue reading
Calidus Resources (ASX:CAI)
Has received all the Environmental Permits needed for it to start mining the high-grade Blue Spec Gold Project in WA’s Pilbara.
Blue Spec is a high-grade underground project located within trucking distance of the
Warrawoona Gold Project. Continue reading
Orla Mining (TSX: OLA)
Announced that the Company has amended its existing US$150 million credit facility with its existing syndicate of lenders comprised of The Bank of Nova Scotia, Bank of Montreal, and Canadian Imperial Bank of Commerce. Continue reading
Mining Review 10th September 2023
Auteco closed the Green Bay Mine acquisition from the former AIM listed Rambler, and immediately spelt out their different approach, with a plan to double resources before recommencing mining.
Eloro and Skeena Resources both brought out new MRE’s in an otherwise quiet week. Continue reading