Mining Review Sunday Update 23rd January 2022

City Investors Circle Mining Review 23rd January 2022

Gold had a good week as the markets wobbled quite substantially, especially the tech laden NASDAQ index, a long overdue shake out surely?

Copper, nickel, tin, cobalt, and lithium are all looking strong as the anticipated demand for these battery metals forces up prices. The UK has just announced a gigafactory will be built. Continue reading

Westhaven Gold Initial Mineral Resource Estimate

Westhaven Gold Corp. (TSX.V: WHN)

Announced the results from its Mineral Resource Estimate at its 100% owned 17,623-hectare Shovelnose Gold Property.

The Shovelnose Gold Property is located within the prospective Spences Bridge Gold Belt (SBGB), which borders the Coquihalla Highway 30 km south of the City of Merritt, British Columbia.   […]

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Mining Review Sunday Update 16th January 2021

City Investors Circle Mining Review 16th January 2021

Coking coal really roofed it this week, up 14%, and has gone into contango, meaning the future price of coal into China is now being than the present market price.

Colonial Coal is a beneficiary of this strong price at a time where it’s rumoured that potential predators are circling.

Gold had a good week, as did nickel, copper, and tin. Continue reading

Ascot Resources Intercepts High-Grade Gold at Day

Ascot Resources Ltd.(TSX: AOT)

Announced additional assay results from the 2021 exploration drill program at the Company’s Premier Gold Project.

This release contains the remainder of assay results from exploration drilling at the Day Zone, as well as assays from one hole drilled at the Woodbine target and one at the Boneyard near the Premier mill. Continue reading

03 Mining Results from Its Marban Drill program

03 Mining Inc. (TSX.V: OIII)

Provided an update on its well-funded 250,000 metre drilling program at its Marban and Alpha properties in Val-d’Or, Québec, Canada which seeks to convert, expand, and discover new gold resources.

The Corporation is reporting 15 holes drilled in and around the Marban open-pittable deposits. Continue reading

Magnetic Resources Report high Grade Gold Zones

Magnetic Resources (ASX: MAU)

Magnetic Resources’ recent infill and extension drill program at Lady Julie has found both thick and high-grade zones starting from surface.

This promising southern part of the Lady Julie North 1 target zone area is being tested in detail over a 1km length with 33 RC holes planned for 3518m averaging 107m per hole. Continue reading

Minera Alamos Major Shareholder Osisko Disposal

Minera Alamos (TSX.V: MAI)

Osisko Development Corp. (TSX.V: ODV) announced that it has disposed of a total of 34,290,000 common shares Minera Alamos Inc. at a price ranging from $0.50 to $0.57 per common pursuant to market dispositions performed from October 25, 2021 to December 29, 2021 for gross proceeds of $18,532,170.

Following this, ODV now owns, 41,790,000 common shares of Minera Alamos representing approximately 9.4%   […] Continue reading

City Investors Circle Watchlist changes

City Investors Circle – London

As a result of companies in our tier one watchlist being bought out during 2021, we have added in three companies to replace them.

As before, they are advanced exploration and development projects with a good chance of financing and early production. The three additions are; Calidus Resources (ASX: CAI), Cyprium Metals (ASX: CYM), and Karora Resources (TSX: KRR). Continue reading

Ascot drills 36.2 g/t Gold Over 7.1 M at Sebakwe

Ascot Resources (TSX: AOT)

Announced additional assay results from the 2021 exploration drill program at the Company’s Premier Gold Project.

This release summarizes assays from the Company’s first two drill holes this year on the Sebakwe Zone near existing resources and the Premier mill building. Continue reading

Maple Gold Mines Closes C$7 million Bought Deal

Maple Gold Mines (TSX.V: MGM)

Announced that the Company has completed a “bought deal” brokered private placement of 13,020,000 common shares in the capital of the Company that will qualify as “flow-through shares” at a price of $0.54 per FT Share for gross proceeds of C$7,030,800. Continue reading

Canuc Resources Issues San Javier Project Update

Canuc Resources (TSX.V: CDA)

Provided a December 2021 update on the exploration program currently in progress at the Company’s San Javier Ag-Au Project in Sonora State, Mexico.

Progress has been slow due to covid issues in Mexico, but progress has been made, with 1,750 m drilled and assays are awaited. Continue reading

Cabral Gold Drills 70.8m @ 1.0 g/t Gold at MG Gold

Cabral Gold Inc. (TSX.V: CBR)

Provided assay results from five diamond-drill holes completed at the MG gold-in-oxide blanket, and also results from reconnaissance drilling at the Alonso target within the Cuiú Cuiú gold district in northern Brazil.

Diamond-drill hole MET04 drilled at the gold-in-oxide blanket at MG returned 70.8m @ 1.0 g/t gold from surface, including 17.0m @ 3.3 g/t gold from 41.0m depth. Continue reading

Mining Review 12th December 2021

Mining Review 12th December 2021

Gold finished the week strongly after inflation fears grew, but silver had another poor week and the gold to silver ratio climbed over 80 again.

The main story of the week is the bid by Kinross for Great Bear, at around  27% premium, when Barrick were rumoured to be suitors as they have staked a lot of land around the Great Bear project. This could result in a bidding war. Continue reading