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

Calidus Resources Report Blue Spec Strong Results

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 Intersects 2,239 g/t Ag Eq Over 9.2 m

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 Report Quinchia MRE of 2.6m Oz Gold

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

Orla Mining Commences Near Mine Exploration

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

Mining Review Sunday Update 13th March 2022

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 Soaring Driven by Supply Concerns

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

Mining Review Sunday Update 6th March 2022

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