Latest Company News

Gold Road Maintains De Grey Shareholding

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 Mines Stock Promotion

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

Cyprium shareprice collapses after financing

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

Cornish Metals Starts 9,000m Drill Program

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

Karora Reports 14.7 G/T Gold Over 4 m And 12.2 G/T Over 6 m

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 Drills 70.80 g/t Au over 8.3m

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

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

I-80 Gold Announces High-Grade Results From Ruby Hill


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 Intercepts 32.9 g/t Gold Over 4.9m

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 Reports Good Drill Results From Fletcher South

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

Mining Review 10th September 2023

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