Calidus Resources Ltd (ASX: CAI)
Announced outstanding results from further rock-chip sampling and mapping by Pirra Lithium at its Spear Hill discovery announced in January 2022
Pirra Lithium is owned equally by Calidus and Haoma Mining. […] Continue reading
Fosterville South Exploration (TSX.V:FSX)
Reported that the maiden percussion drilling program at Thompson Reef and Prince of Wales Reef within the Reedy Creek target of the Providence Project in Victoria, Australia has returned strong gold grades. Continue reading
Cabral Gold Inc. (TSX.V: CBR)
Provided assay results from six diamond-drill holes testing the MG gold deposit within the Cuiú Cuiú gold district in northern Brazil.
Highlights included hold DDH272, 17.5m @ 4.0 g/t gold within the primary hard-rock MG gold deposit from 102.9m, including 5.5m @ 10.5 g/t gold from 104.1m […] Continue reading
Westhaven Gold Corp. (TSX.V: WHN)
Announced drill results from its ongoing drill campaign at its Shovelnose gold property, located within the prospective Spences Bridge Gold Belt.
The glory hole was 23.03 Metres of 37.24 G/t Gold and 209.52 G/t Silver. […]
Minera Alamos (TSX.V: MAI)
Provided an update on the continuing progress at the Company’s Santana gold mine during the first quarter of 2022.
Cabral Gold Inc. (TSX.V: CBR)
Provided assay results from several trenches excavated on strike and immediately west of the Machichie main zone within the Cuiú Cuiú gold district.
Highlights included Trench CT38A located approximately 85m west of the most westerly drill hole at the E-W trending Machichie main zone, returned 11m @ 1.2 g/t gold, including 0.6m @ 9.6 g/t gold. […] Continue reading
Karora Resources Inc. (TSX: KRR)
Announced its Consolidated Gold Measured and Indicated Mineral Resource, net of depletions, has increased by 8% and the Consolidated Inferred Mineral Resources have increased by 43%. […] Continue reading
Ascot Resources Ltd.(TSX: AOT)
Provides an update on construction financing and development plans for its Premier Gold Project in the prolific Golden Triangle of northwestern British Columbia.
Ascot and Sprott Private Resource Lending have failed to come to agreement regarding the conditions for the continuation of their funding arrangement, and as a result, Ascot are seeking alternative sources of funding for the remaining C$60 million of project finance. […] Continue reading
Orla Mining Ltd. (TSX: OLA; NYSE: ORLA) (“Orla” or the “Company”) is pleased to announce the declaration of commercial production at the Camino Rojo Oxide Gold Mine (“Camino Rojo”), effective April 1, 2022. […] Continue reading
City Investors Circle Market Review for March 2022 published
The main focus is on critical commodities for the global supply chain that may be effected by the Ukraine war. Russia produces nickel sulphide, used for EV batteries.
The featured company is Cabral Gold, and companies commented on include Calidus Resources, Cornish Metals, Gold Road Resources, Karora Resources, Neometals, Newcore Gold, and O3 Mining. Continue reading
Calidus Resources Limited (ASX: CAI)
Announced highly promising results from a stream sediment sampling program at its Blue Spec gold project, located 75km from the Company’s Warrawoona Gold Project in WA’s Pilbara.
The results come from Blue Spec West, which is immediately along strike of the high grade 219,000 oz Au Blue Spec Project. Continue reading
Silver Tiger Metals Inc. (TSX.V: SLVR)
Has intersected 2,239 g/t silver equivalent over 9.2 meters in the Sooy Vein in Drill Hole ET-21-296 from 36.6 meters to 45.8 meters within a broader mineralized interval of 19.0 meters grading 1,101.2 g/t silver equivalent from 26.8 meters to 45.8 meters. […] Continue reading
Los Cerros Limited (ASX: LCL)
Announced a maiden Mineral Resource Estimate (MRE) for the Tesorito Gold Porphyry of 1.3 m OZ Au, a near surface gold porphyry discovery, which is part of the Company’s 100% owned Quinchia Gold Project (Quinchia), in Risaralda – Colombia.
This grows the Quinchia Project to 2.6Moz gold Including a High Grade potential “starter pit” of 0.54Moz at 1.23g/t Au. […] Continue reading
Calidus Resources (ASX: CAI)
Released an updated corporate presentation for the Euroz Conference.
Reported their Half Year Report and Accounts. […] Continue reading
Orla Mining (TSX: OLA)
Provided an exploration update and overview of targets and program objectives for its Camino Rojo and Cerro Quema Projects for 2022.
Exploration spending for 2022 is expected to total $15 million, with $10 million allocated to activities in Mexico and $5 million allocated to activities in Panama. Continue reading
City Investors Circle Mining Review 13th March 2022
Metal prices were heavily influenced by the Ukrainian conflict, with nickel making the headlines due to the price rising to $100,000 on the LME, before the market was closed as trading was becoming irrational.
Thermal coal also rose strongly in price as countries such as Germany move to secure supply to possibly replace Russian gas. Uranium rose strongly as Russia supplies 16% of US uranium imports. Continue reading
Metal Prices are exploding upwards
As the Ukraine situation continues to worsen, and yet more sanctions are heaped onto major supplier Russia. Metal prices are soaring, with gold trading over $2,000 intraday, and copper trading at over $5 lb.
Nickel, Aluminium alloy, and tin also recorded strong daily gains. Continue reading
Calidus Resources (ASX: CAI)
Have halted trading in their securities on the ASX pending an announcement from the company. […] Continue reading
City Investors Circle Mining Review 6th March 2022
The war in Ukraine is causing price rises in most precious and base metals, as supply concerns dominate the markets.
Russia is a massive supplier of many critical metals, such as titanium alloy, nickel, platinum, palladium, and coal, and these metals are experiencing price rises as consumers scramble to secure supply. Continue reading