Cabral Gold (TSX.V: CBR)

Announced assay results from an additional 13 RC holes testing near-surface oxide material at the Central gold deposit, and nine shallow auger holes from the MG gold deposit, Cuiú Cuiú gold district.

The highlight was hole RC390 which returned 23m @ 1.0 g/t gold from 5m depth.

.

Cabral Gold pit at Cuiú Cuiú

.

.

Cabral Gold Drills 23m @ 1.0 g/t Gold in Oxidized Material from Near-Surface at Central and 19m @ 1.3 g/t Gold at MG

22nd February 2024

.

.

Mining Review 11th February 2024

Colonial Coal ended the week very strongly on high volume, without any known news, so a situation to follow next week.

Otherwise it was another week where commodity and most mining share prices drifted.

.

Calibre Mining – Nicaragua

.

Mining Review 11th February 2024

Another week where commodity and most mining share prices drifted.

Colonial Coal ended the week very strongly, on high volume, without any known news, so this is certainly a situation to follow next week.

Some good drill results reported from our watchlist companies this week, with Calibre Mining reporting a significant discovery with potential to increase the resources at their Limon Mine in Nicaragua.

All the news from our watchlist companies this week involved good drill results, yet in this market prices continue to drift, and one wonders what has to be announced to make investors in the sector excited again?

—–

News from our watchlist companies is listed below, plese click on the links to be taken to the full story.

  Cabral Gold Drilled 30m @ 2.6 g/t Oxidized gold

  West Red Lake Gold Intersected 9.15 g/t Au over 3.3m

  Calibre Mining Continues to Intercept Bonanza Grade Drill Results

  Nevada King Intercepted 19.2 G/T AU Over 10.7m

  Cornish Metals Reported Successful Exploration Drilling

  American Creek’s JV Partner Identified High-Grade Gold

  Mining Review Sunday 4th February 2024

Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices

Spot mineral prices can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Mining Review 4th February 2024

The week was once again all about the FED and US interest rates, with positive economic data suggesting a March rate cut was unlikely, causing markets and gold to pull back.

Cabral Gold, i-80 Gold, and Orla Mining all reported strong drilling results this week. 

.

i-80 Gold – Ruby Hill, Nevada

.

City Investors Circle Mining Review 4th February 2024

The week was once again all about the FED and US interest rates, with positive economic data suggesting a March rate cut was unlikely, causing markets and gold to pull back.

Gold remained above the key $2,000 level despite the hawkish interest rate comments. This was probably helped by the US announced intention to bomb targets in the Middle East, which eventually occurred on Friday night, after days of announcing their intention to do so.

.

——-

Turning to companies on our watchlists, there were some positive drill results from Cabral Gold, i-80 Gold, and Orla Mining reported during the week.

One disappointment was the results from Gold Road Resources  where production for the year was at the low end of guidance, and AISC higher. This resulted in a share pullback, and a share that was trading at just above A$2 on the 29th December is now back at A$1.51!

This is really disappointing after waiting so long for GOR to break through the A$2 resistance level, and one reason why I was opposed to them commencing dividend payments.

The guidance for 2024 is around the same so despite such as strong gold price the share price looks as though it will settle down at this lower level once again, and it’s incredibly disappointing.

On the plus side, despite paying the dividend they have a strong treasury and significant investments in IGO and De Grey, amongst others, so the company looks healthy moving forward.

All the news form the last week for our watchlist companies is listed below, click the links to be taken to the full story.

Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices

.

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Cabral Gold  (TSX.V: CBR)

Announced drill results from a further eight RC holes from the Central gold deposit located within the Cuiú Cuiú gold district in northern Brazil.

The highlight was hole RC368 which returned 10m @ 10.5 g/t gold from 67m in fresh rock.

.

Cabral Gold pit at Cuiú Cuiú

.

.

Cabral Gold Drills 10m @ 10.5 g/t Gold Including 1m @ 63.6 g/t Gold at the Central Gold Deposit, Cuiú Cuiú Gold District, Brazil

Mining Review 14th January 2024

Calibre Mining reported record gold production of 283,494 ounces, from their operating mines in Nicarague and Nevada. This year will see the finish of the construction of the new Valentine mine, and $25,000,000 spent on additional exploration across their projects.

Calidus, Lefroy Exploration, and Ascot Resources all reported high-grade drill interecepts.

.

Lefroy Exploration project map

.

City Investors Circle Mining Review 14th January 2024

A few recent fundraises have highlighted the difficulty in early stage juniors raising capital in the current markets.

Funnily enough a couple of them have been around for quite some time without achieving anything for their shareholders.  Orex and Scorpion Gold have both raised less than they were looking for, with Scorpion pushing out the closing date in an affort to try and find more funds.

Panther Metals in London have also recently failed to raise what they set out to, and, despite them saying they cut back the loan notes as the costs of the drilling programme  “came in below budget“, I take that statement with a huge sack of salt.

I cannot remember a company ever achieving a 50%! saving on a drill program.

As I have been warning for well over a year now, early stage juniors relying on constant fundraises to carry out more drilling are in a difficult place right now, and I have cut my exposure to thse type of stocks to the bare minimum where the project looks so good I don’t want to be out despite the dilution risks.

——-

Calibre Mining reported record gold production of 283,494 ounces, from their operating mines in Nicaragua and Nevada. This year will see the finish of the construction of the new Valentine mine, and $25,000,000 spent on exploration.

Calibre are looking to become a 500,000 Oz gold PA mid-tier producer in 2025, and have excellent exploration projects in Nicaragua and Nevada to increase output further in the mid term.

Calidus Resources, Lefroy Exploration, and Ascot Resources all reported high-grade drill interecepts.

Archives

——-

Market Data

Weekly Price Changes

(US$ unless stated)

Metal Prices

To read the full news release, please click HERE

=======

.

Cabral Gold (TSX.V: CBR)

Following on from a successful drill prgram in 2023, Alan Carter, CEO of Cabral has shares his thoughts for the Cuiu Cuiu project going forwards.

Carbral are looking to produce cashflow within a year with a small scale startup operation, to avoid further share dilution to the stock.

.

.

.

Cabral Gold New Year message from the CEO

Cabral Gold (TSX.V: CBR)  Following on from a successful drill prgram in 2023, Dr. Alan Carter, CEO of Cabral has shared his thoughts for the Cuiu Cuiu project going forwards.

Cabral are looking to produce cashflow within a year, with a small scale startup operation, to avoid further share dilution to the stock.

This can then fund further exploration in a prolific gold belt, which compares very favourably with the TZ gold mine being constructed by G Mining around 20 miles away.

I like this method of growing a small company, rather than taking the easy route of simply issuing more shares like confetti.

Of couse CEO Alan Carter has a very large personal stake in the company, bought at market prices, so is very aligned with shareholders, which is another thing I like about this company. In my opinion it’s important for management to have a meaningful holding in a company, bought at market prices rather than gifted via options.

Dr. Alan Carter’s New Year message is reproduced below.

——-

Dear Valued Shareholders,

 

Now that the dust has settled and we have welcomed in the New Year, I would like to take a moment to reflect on our progress with advancing our Cuiú Cuiú project in Brazil, and also share some thoughts on what lies ahead.

 

Our Company is in the process of undergoing a significant transition, from a successful junior gold exploration Company to a junior gold producer. 

 

Until recently, and despite making several new discoveries and releasing a string of excellent drill results, our share price, along with most of our peers, has failed to significantly appreciate due to weak market conditions.

 

As a result, we have elected to transition away from dependence on the model of raising capital by issuing shares and diluting the capital structure, and we are pursuing a clear path aimed at generating revenue by becoming a gold producer with potential free cash flow as early as 2025. 

 

Fortunately, our Cuiú Cuiú project has an enormous footprint (having been the largest placer gold camp in the Tapajos during the 1980’s gold rush) and because of the tropical weathering environment, our gold deposits are weathered down to a maximum depth of 60m.

 

This means that the top 60m is essentially soft red mud or saprolite, and the trial mining and processing of this saprolite material is currently the subject of the ongoing Pre-Feasibility Study (PFS).

 

We expect to complete the PFS during the second quarter of this year and if it is positive, it will form the basis of a construction decision at Cuiú Cuiú. As part of the PFS we have been conducting additional drilling aimed at improving our understanding of the higher-grade zones within the saprolite.

 

We are also conducting additional metallurgical and geotechnical studies and have beefed up our Board and established an independent Technical Committee. 

 

The Tapajos region in Brazil is changing, and it is changing quickly.

 

As one of the two geologists who originally identified and acquired the TZ project and recognised its potential, it is gratifying for me personally to see that project under construction. TZ should enter production during Q3 2024 and will be Brazil’s third largest gold mine.

 

Given my history and experience with TZ, I should have a better idea than most regarding the potential of our adjacent Cuiú Cuiú project.

 

I believe that Cuiú Cuiú will eventually become a much larger gold deposit than TZ. Some of the reasons for this are as follows;

• According to the Agencia Nacional de Mineracao (ANM) in Brazil, Cuiú Cuiú produced 2Moz of placer gold during the Tapajos gold rush which is 10x more than TZ
• The gold-in soil anomaly that we identified at TZ was approximately 1km long. There are numerous gold-in-soil anomalies at Cuiú Cuiú which cover a much larger area
• We have so far identified 4 gold deposits at Cuiú Cuiú (2 with 43-101 compliant resources and 2 (PDM and Machichie) which do not yet have any resources. In addition, we currently have over 40 targets (with gold assays) at Cuiú Cuiú. Compare this with TZ which is a single deposit with 2 or 3 peripheral targets
• The best drill intercept reported outside the TZ deposit returned 20m @ 1.7 g/t gold which is equivalent to 34 gramme metres. At Cuiú Cuiú we have drill intercepts outside the four known deposits that include 27m @ 6.9 g/t gold or 186.3 gramme metres (at Central SE) and 39m @ 5.1 g/t gold or 198.9 gramme metres (at J Cima) to name just two examples

Despite very difficult market conditions during 2023 we were able to raise capital and partner with Osisko Gold Royalties. The deal with Osisko will allow us to complete the PFS and we believe speaks to the quality and potential of the Cuiú Cuiú project. 

 

The year ahead should prove to be transformative for our Company. Numerous drill results are pending from the drill program conducted during late 2023 and additional metallurgical studies are in progress.

 

The focus will be on completing the ongoing PFS and, if positive, on making a construction decision as soon as possible thereafter. 

 

On behalf of the entire Cabral Gold team, I would like to express deep appreciation to our investors, partners, and stakeholders for your continued support and we sincerely wish you all a happy, healthy, and prosperous 2024. 

=======

.

City Investors Circle 

Tier 3 Watchlist now lists explorers that are have a reasonable resource defined, with the ability to raise further funds in the market.

Due to the market being difficult for early stage explorers, they have been moved to tier 3 to differentiate the risk.

.

Cabral Gold Project at Cuiu Cuiu, Para state, Brazil

.

.

.

City Investors Circle Tier 3 Watchlist Changes

.

City Investors Circle

Tier 3 Watchlist Changes include Cabral Gold, Nevada King, and Silver Tiger, who all may progress quickly as they have reasonably defined resources, but may need to finance in a tricky market first.

This tier is for earlier stage explorers where I see slightly more risk of financing dilution.

Our new Tier 3 watchlist will initially consist of fourteen companies;

• O3 Mining
• American Creek
• Boab
• Cabral Gold
• Cornish Metals
• Eloro Resources
• Japan Gold
• Magnetic Resources
• Nevada King
• Newcore Gold
• Nouveau Monde
• Rumble Resources
• Silver Tiger
• Westhaven

=======

.

Market Review November 2023

Has been published today, featuring Calibre Mining, and also mentions G Mining Ventures, Karora Resources, West Red Lake Gold Mines, and Cabral Gold.

We discuss the expanding resource nationalism, and name the small pool of trusted countries we still feel safe investing in.

.

Chris Berlet, CEO of Canuc Resources presents to the Global Mining Finance Conference in London.

City Investors Circle Market Review November 2023

Has been published today, featuring Calibre Mining, and also mentions G Mining Ventures, Karora Resources, West Red Lake Gold Mines, and Cabral Gold.

We discuss the expanding resource nationalism, and name the small pool of trusted countries we still feel safe investing in.

As the year end approaches we make a couple of sales from our portfolio and some adjustements to our watchlists, to reflect delivery against expectations, and anticipated newsflow in the coming year.

There have been a couple of disappointments, and we name the companies coming into the watchlist to replace those leaving.

We are looking for vibant companies with good management, in safe jurisictions, well financed, and expecting plenty of newsflow.

To Read the November 2023 Market Review, please click HERE

To subscribe to receive our newsletter and onvitations to our free to attend company events, please email andrew@city-investors-circle.com

.

.

=======

.

Cabral Gold (TSX.V: CBR)

Issued an update on the PFS at Cuiu Cuiu, Tapajos State, Brazil.

The current RC drill program is a significant part of this effort and is aimed at identifying additional higher-grade mineralization. We have completed 69 RC holes to date as part of this program and results are currently pending on 55 holes.  

.

.

.

.

.

,

Cabral Gold Provides Update on Prefeasibility Study Regarding Exploitation of Near-Surface Gold-in-Oxide Mineralization at Cuiú Cuiú Gold Project, Brazil

.

Alan Carter, CEO of Cabral Gold made the following comments on the news update,

We have an update out today on progress regarding our PFS on the near-surface gold-in-oxide mineralization at our Cuiu Cuiu project in Brazil. This is an exciting time for our company as we advance the PFS on the viability of mining the near surface gold-in-oxide material and heap leach processing of that material. If the PFS is positive, it should allow for a construction decision during mid-2024. 

Here are Alan’s thoughts. 

Principle takeaways:

1.     We are making good progress with the PFS. The current RC drill program is a significant part of this effort and is aimed at identifying additional higher-grade mineralization. We have completed 69 RC holes to date as part of this program and results are currently pending on 55 holes, so expect more drill results in the near future

2.     This drilling program has returned some excellent higher-grade results to date. These will be incorporated in a revised resource estimate of the oxide material, which in turn will be incorporated into the mine plan. These positive drill results may result in additional higher-grade material which needs to be assessed for gold recoveries  

3.     As a result, additional column leach metallurgical tests are planned as we consider optimizing throughput rates, pad heights etc. for the heap leach operation.  This additional metallurgical work will require a little more time and the PFS is now likely to be completed during the second quarter of 2024 

4.     A second drill rig has arrived on site and is drilling. This second rig is in the process of completing a geotechnical program aimed at understanding the overall ground conditions prior to the erection of the heap leach pads, the agglomeration and ADR plants, and associated infrastructure. The rig has also been tasked with collecting additional samples for the metallurgical work

5.     OK – so what does this all mean?

• Well, it means that the drill results received thus far have been very positive and are leading to abit of a rethink on several issues including throughput rates – this means the PFS continues to evolve and is generating opportunities to optimize the value of the project which will take abit more time

• We will not have definitive answers on the economic viability of mining and processing the near surface oxide material until Q2 2024 but there will be a lot of news between now and then – obviously if the PFS study is positive, it will be a very significant step forward

• As a reminder, the trial mining and heap leach operation is a stepping stone aimed at providing the Company with sufficient capital to drill 1/. The gaps in the existing resources at the MG and Central gold deposits, 2/. Calculate maiden resources for the PDM and Machichie deposits and 3/. Determine how many of the +45 targets are additional gold deposits .

To read the full news release, please click HERE

.

=======

.

Global Mining Finance Conference

The London Global Mining Finance Conference once again lead investors into the London mining month with some lively and thought provoking presentations, and a wonderful new venue.

We all know the junior mining sector has plummeted, what this conference did was focus on the current undervaluations, and speculate on the opportunities that will be there when market sentiment returns. 

.

.

.

Pewterers’ Hall entrance

.

The Global Mining Finance Conference Commenced The London Mining Month

The London Global Mining Finance Conference once again lead investors into the London mining month, with some lively and thought provoking presentations, and a wonderful new venue.

As is the norm, this conference precedes the two larger conferences taking place in the next two weeks, 121 Mining Forum, and Resourcing Tomorrow.

This boutique event focuses on a combination of a select group of mining companies with a couple of keynote speakers focusing on the commodities and junior mining sectors.

The venue was a new one, the very splendid Pewterers’ Hall, located in the heart of the Foinancial District of the City of London, at St. Paul’s.

We all know the junior mining sector has plummeted over the last couple of years. What this conference did was focus on the current undervaluations, and speculate on the opportunities that will be there when market sentiment returns.

Videos of all the presentations can be found HERE

.

Chris Berlet presented Canuc Resources and Stakeholder Gold

.

The opening keynote speaker was Angelos Damaskos, founder and CEO of Sector Investment Managers, who spoke the economic outlook and equity market conditions.

The first company presentation was for a private company, but one with a lot of media attention, Cornish Lithium, presented by founder and CEO Jeremy Wrathall.

This project promises to supply lithium to future UK based giga factories, who require local supplies.

The next presenter was Chris Berlet, who made three very interesting short presentations during the course of the conference. Chris presented Canuc Resources, an exploration company based in Mexico with some Texan gas production which funds the company M and A expenses, minimising dilution.

Shaun Bunn, MD of Empire Metals closed the first session with a presentation about exploring for critical minerals in Australia.

The networking break was very busy, in the downstairs spacious hall.

Chris Berlet, President and CEO of Stakeholder Gold opened the second session, wuth another interesting god exploration story, this time in the Yukon. Once again there is a twist in that stakeholder generates cash flow with the sale of exotic blue quartzite from its wholly owned Brazilian subsidiary, Victoria Mining.

Again this minimises diution of the main project, a nice twist on the usual exploration story, of raise after raise.

Alan Carter, CEO,  presented Cabral Gold, a mature gold exploration story in the prolific Tapajos region of Brazil. Alan is looking for early pilot production to fund further exploration, continuing on the theme set by Canuc and Stakeholder of generating early cashflow.

Claude Lemasson, CEO, presented Landore Resources, the final corporate presentation. Landore are developing the BAM gold project in a highly prospective area of Ontario, Canada.

The closing keynote presentation was made by Graham Dallas, Head of EMEA Business development for the TMX Group, owner of the Toronto Stock Exchange.

The conference closed with a lively networking buffet and refreshments.

Given the recent severe downturn in the value of many mining companies, especially the juniors, I was surprised at the excellent turnout the event attracted, and the vibrancy of the networking sessions.

The new venue is superb, and once again the Global Mining Finance Conference had a strong program of companies, and expert keynote speakers.

Videos of all the presentations can be found HERE

.

=======

.

Market Review July 2023 Published

Companies mentioned this month include Cabral Gold, Calidus Resources, Cornish Metals, Impact Minerals, Karora Resources, and Neometals.

We discuss why gold is holding strong despite the recent US rate hike. 

.

Uranium Energy Corp. drilling at Burke’s Hollow, USA.

.

.

City Investors Circle Market Review July 2023 Published

.

Market Review July 2023

Companies mentioned this month include Cabral Gold, Calidus Resources, Cornish Metals, Impact Minerals, Karora Resources, and Neometals.

We discuss why gold is holding strong despite the recent US rate hike.

The July 2023 Market Review can be read HERE

To subscribe to receive our free reviews and invitations to our free to attend company presentations, please email andrew@city-investors-circle.com

.

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Cabral Gold, Calidus Resources, Impact Minerals, Karora Resources, and Neometals.

..

Mining Review 23rd July 2023

Gold and silver trod water this week, whilst iron ore, coking coal, and thermal coal all ended strongly positive.

American Creek and Rumble Resources announced good exploration results, and Cabral Gold announced an NSR with Osisko Gold Royalties for $5m. 

.

I-80 Gold – Ruby Hill

Market Data

Weekly Price Movements

(US$ Unless stated)

Metal and Index Prices

.

.

If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in American Creek Resources, and i-80 Gold Corp.

..

Cabral Gold (TSX.V: CBR)

Announced that it has entered into a royalty agreement with Osisko Gold Royalties Ltd. (TSX: OR) pursuant to which Osisko has agreed to purchase a 1% net smelter return  royalty on the Cuiú Cuiú gold project for a total cash consideration of US$5 million.

.

.

.

Cabral Enters into NSR Royalty Agreement with Osisko Gold Royalties on the Cuiú Cuiú Gold Project, Brazil

12th July 2023

Mining Review 23rd October 2023

US rate hike anticipation suppresses gold, and Chinese covid lockdowns subdue base metal prices.

Comments on Cabral Gold, Cartier Resources, Cyprium Metals, i-80 Gold, Neometals, and Silver Tiger Metals. 

.

.

i-80 Gold – Granite Creek open pit overhead view

.

.

.

Mining Review Sunday Update 23rd October 2023

US rate hike anticipation for the FED meeting in the coming week suppressed the price of  gold, and Chinese covid lockdowns subdued copper and other base metal prices.

Comments on Cabral Gold, Cartier Resources, Cyprium Metals, i-80 Gold, Neometals, and Silver Tiger Metals.

Companies on our watchlist in the news this week;

Click on the links below to read the full story.

  i-80 Gold High Grade Gold Drill results

  Cartier Resources C$2.7 m Financing

  Cyprium Metals Nanadie Well RC Drilling Results

  Silver Tiger Drills 341.9 g/t Ag Eq Over 2.1m

  Neometals Get Vanadium Recovery Permit

  Cabral Gold File Updated NI 43-101 Report
,

,

,

Market Data

Week on week price changes

(US$ unless stated)

.

.

.

.

Metal ETF’s

.

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Cyprium Metals and Silver Tiger Metals, bought in the market at the prevailing price on the days of purchase. 

.

.

Read more: http://www.city-investors-circle.com/archives/#ixzz7jC6HxJuD

Cabral Gold (TSX.V: CBR)

Announced that it has filed a National Instrument 43-101 technical report of the Mineral Resource Update at the Cuiú Cuiú Project in the Pará State, North-Central Brazil.

The results of the Mineral Resource Update were originally presented in a news release dated September 30, 2022. 

.

.

Cabral Gold drill crew

.

.

.

.

.

Cabral Announces Filing of NI 43-101 Technical Report for Updated Mineral Resource Estimate for Cuiú Cuiú Project, Brazil 

CEO Alan Carter commented;

Cabral Gold Inc. (TSX.V: CBR)

Announced an updated Mineral Resource Estimate for the Cuiú Cuiú project, Para State, Brazil..

Total Indicated Resources are 21.6 M tonnes grading 0.87 g/t gold (604.0 K ounces), while total Inferred Resources are 19.8 M tonnes grading 0.84 g/t gold (534.5 K ounces). 

.

.

Cabral Gold trenching at Cuiú Cuiú, Para State, Brazil.

.

.

.

.

Cabral Gold Announces New Mineral Resource Estimate for the Cuiú Cuiú Project, Brazil

30th September 2022

Market Review August 2022 Published

The City Investors Circle Market Review for August 2022 has been published, with a focus on the effect of interest rises on a falling junior mining market.

Companies mentioned include Gold Road Resources, Cabral Gold, Uranium Energy Corp., Franco Nevada, and Royal Gold.  To read the Review 

.

Gold Road – Gruyere JV Gold Mine at night.

City Investors Circle – Market Review August 2022 Published

The City Investors Circle Market Review for August 2022 has been published, with a focus on the effect of interest rises on precious metals and a falling junior mining market.

Valuations are low and with another rate rise due in a few weeks, look to be going lower before they may bounce, and if the FED remains hawkish that may not be before 2023, with tax loss selling looming over the horizon from November onwards.

Companies mentioned include Gold Road Resources, Cabral Gold, Uranium Energy Corp., Franco Nevada, and Royal Gold.

To Read the August 2022 Market Review, please click HERE

To subscribe to the Market Review and receive invitations to our free to attend company presentations, please email andrew:city-investors-circle.com

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Gold Road Resources, Minera Alamos, and Orla Mining, bought in the market at the prevailing price on the days of purchase.

.

.

.

.

.

Cabral Gold map

.

.

.

Cabral Gold Drills 6.4m @ 11.6 g/t gold including 1.1m @ 60.0 g/t gold at the Machichie Main Zone, Cuiú Cuiú Gold District 

Highlights are as follows:

• DDH303 returned the following intervals in primary intrusive basement rocks; 
• 6.4m @ 11.6 g/t gold from 123.6m including 1.1m @ 60.0 g/t gold
• 3.8m @ 1.3 g/t gold from 81.9m 
• 1.9m @ 2.2 g/t gold, from 76.8m

• DDH279 returned the following intervals in primary intrusive basement rocks; 
• 16m @ 2.9 g/t gold from 112.4m including 1.1m @ 29.7 g/t gold
• 3.6m @ 3.4 g/t gold from 232.6m including 0.5m @ 14.9 g/t gold
• 3.2m @ 2.7 g/t gold, from 77.2m
• 3.0m @ 1.1 g/t gold, from 138.5m

• DDH302 returned 7.3m @ 5.0 g/t gold from 202.5m, including 1.8m @ 18.5 g/t gold. DDH300 returned 15.7m @ 1.6 g/t gold from 176.2m, including 0.8m @ 8.9 g/t gold, and 0.5m @ 12.5 g/t gold. DDH301 returned 12.2m @ 1.4 g/t gold from 215.6m 

• These diamond-drill results from Machichie provide further evidence of the continuity of the Machichie Main zone at depth and indicate that this zone also contains a significant amount of high-grade gold mineralization 

Alan Carter, Cabral’s President and CEO commented;

“These drill results from the eastern part of the Machichie Main zone extend the mineralized zone to depth, it remains open down-dip on every section.

“All five follow-up diamond-drill holes at the Machichie Main zone cut broad zones of alteration including significant zones of high-grade mineralization. This is very similar to the style of mineralization found within the Central and MG gold deposits, as well as the new PDM discovery.

.

“Recent trenching to the west also suggests that the Machichie Main zone extends for more than 900m along strike. To the west, it coalesces with a major north-east trending vein array.

.

“Combined, the Machichie W, Machichie SW, Machichie Main zone and Machichie NE target areas are now referred to as the Machichie Complex, which is likely to grow into a significant deposit.” 

.

.

.

 Cabral Gold (TSX.V: CBR)

Provided assay results from twenty-one RC holes drilled in the recently identified gold-in-oxide blanket of the PDM target within the Cuiú Cuiú Gold District, northern Brazil.

Highlights included 11m @ 3.1 gpt gold, including 3m @ 10.5 gpt Au.

.

.

.

.

Cabral Gold drill crew at Cuiú Cuiú, Tapajos, Para State, Brazil.

.

.

Cabral Gold Drills 11m @ 3.1 g/t gold including 3m @ 10.5 g/t gold within Gold-in-oxide Blanket at the PDM Target, Cuiú Cuiú District

18th August 2022

Mining Review Sunday Update 7th July 2022

A couple of disasters have unfolded, with the fall into administration of Wiluna Mining just after raising A$40 million, and Pure Gold Mining falling.

Cabral Gold and Calidus Resources reported good drill intercepts, and UEC made a proposal to the US government.

.

The largest marquee in the southern hemisphere had to be evacuated as the Diggers & Dealers Conference in Kalgoorlie suffered a washout due to extreme weather, with flights grounded and some presenters and delegates stuck in Perth.

.

.

City Investors Circle Mining Review Sunday Update 7th July 2022

A couple of disasters have unfolded, with the fall into administration of Wiluna Mining just one month after raising A$60 million in a financing!  Wiluna had been struggling with increased costs and other issues, but to fail so quickly after receiving the funding is shocking.

I wonder how the placees feel, and whether they will be looking to take legal action against those that put them into the placing in the first place?

I have seen it suggested in the media that not all of the funds were actually received, and an investigation into the falling into administration so soon after the financing has now been instigated.

Pure Gold Mining continues to flounder, and one wonders whether it has gone past the point of no return already?  Is Sprott waiting in the wings to take the asset for a song?

Cabral Gold and Calidus Resources reported good drill intercepts, and UEC made a proposal to the US government.

.

Stocks on our watchlist in the news this week;

  Cabral Gold Found a New Area of Mineralisation

  Maple Gold 6,000m Joutel Drill Program commenced

  Diggers & Dealers First Day Lost to Weather

  UEC Submits Offer to the US Government

  Calidus Resources Reported Compelling Gold Anomalies at Blue Spec

  City Investors Circle Monthly Market Review for July 2022

.

Market Data

Week on week changes (All is US$)

.

Precious Metals

.

Base Metals

.

Energy metals

.

Bulk commodities

.

=======

.If you need clarification of any information contained in this note, or have any questions, I will be delighted to assist – Please email andrew@city-investors-circle.com

=======

.

City Investors Circle is based in the financial district in the City of London

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

.

Disclosure

At the time of writing the author holds shares in Calidus Resources, bought in the market at the prevailing price on the days of purchase. 

.

.