Karora Resources Produces 30,652 oz Au in Q2

Karora Resources (TSX: KRR)

Has made a consolidated gold production of 30,652 ounces for Q2 of 2022 from its Beta Hunt and Higginsville mines in Western Australia. Gold sales for the quarter were 30,398 ounces.

Karora’s consolidated unaudited cash balance was $114-million as of June 30, 2022.  [..]  Continue reading

Karora Resources 2nd Decline on Track and Cost

Karora Resources Inc. (TSX: KRR)
Announced that development of the second decline at Beta Hunt is tracking on cost and ahead of schedule with the estimated completion date now brought forward to Q1 2023 from mid-2023.
Karora Resources announces that the Beta Hunt second decline is progressing ahead Of Schedule, The Discovery Of A New Shear Zone And New Drilling Results Including 198.5 G/T Over 4.5 Metres.  […]

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Cabral Gold Drills 17.5m @ 4.0 g/t Gold at MG

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

Minera Alamos Santana Mine Q1 Update

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.

Following a year-end shutdown to analyze data obtained from the first phase of the operation’s start-up (see HERE) full mining activities resumed later in January 2022.  […]  Continue reading

Cabral Gold Finds Good Results West of Machichie

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

Ascot Resources to “Seek New Financing Options”

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

City Investors Circle Market Review for March 2022

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