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

O3 Mining Marban Drill Intersects 5.1 g/t Au Over 5m

O3 Mining Inc. (TSX.V: OIII)

Provided drilling results from the Marban project on its Malartic Property, as part of its 250,000 metre drilling program, focusing on expanding mineralization outside of the proposed pit areas outlined in the PEA.

The highlight was 5.1 g/t Au over 5.1 metres including 13.1 g/t Au Over 0.5 metres, and 15.2 g/t Au over 0.7 metres, in hole O3MA-21-033-W1 at the North Shear zone.  […] Continue reading

Karora Resources High Grade Nickel at Beta Hunt

Karora Resources Inc. (TSX: KRR)

Announced that new nickel exploration results from the 50C nickel trough at Beta Hunt have extended the known strike length to over 200 metres (previously 150 metres).

The new results include drilling along strike of the 50C discovery and the parallel 10C nickel trough.  […] Continue reading

City Investors Circle Market Update February 2022

City Investors Circle Market Update February 2022

Has been published, with comments on gold, palladium, neon gas, Galiano Gold, Colonial Coal, Orla Mining, and up to date metals prices and performance analysis.

To read the Update, please click HERE

To subscribe to receive future updates, please email andrew@city-investors-circle.com   Continue reading

Mining Review Sunday Update 27th February 2022

Mining Review Sunday Update 27th February 2022

War in the Ukraine is dominating the markets, and one beneficiary has been gold, as it always in in times of crisis and uncertainty. The others are oil and natural gas.

With the FED now possibly looking for a .25% rate rise, gold should receive an extra boost.   […[ Continue reading

Ascot Resources Announces C$56 M Bought Deal

Ascot Resources Ltd. (TSX: AOT)

Announced that it has entered into an agreement with a syndicate of underwriters co-led by Desjardins Capital Markets and BMO Capital Markets, under which the underwriters have agreed to buy on a bought deal basis approximately C$56 million of common shares. Continue reading

Ascot Drills High-Grade Gold at Big Missouri

Ascot Resources (TSX: AOT)

Announced assay results from the 2021 drill program at the Company’s Premier Gold Project located in the Golden Triangle of northwestern British Columbia.

The drill holes intercepted gold mineralization at or near defined stope shapes with numerous high-grade assays as high as 184.5 g/t gold. […] Continue reading

Mining Review Sunday Update 20th February 2022

Mining Review Sunday Update 20th February

Gold is the story of the week, or rather the 2% week on week increase in price to around $1,900, sadly due to political tensions that look set to escalate into violence in the Ukraine.

Markets are rattled by the onset of war, and we can only hope that common sense will prevail, but it looks unlikely at this stage.   […]  Continue reading

Minera Alamos – Santana Mine Operations Update

Minera Alamos Inc. (TSX.V: MAI)

Provided a 2021 year-end summary of the ramp-up of mining activities at the Santana gold mine in Sonora, Mexico.

Through the end of 2021 approximately 9,100 ounces of gold were mined and stacked on the leach pad during the first phase of the project mining activities. Continue reading

Calidus Resources commits to renewable micro grid

Calidus Resources Limited (ASX: CAI)

Announced that as part of its ESG initiative it has executed an agreement with Zenith Pacific (WRW) Pty Ltd (Zenith) for the construction of a 4MW solar farm with 3.5MW battery energy storage system at its Warrawoona Gold Project.

The project is located in the Pilbara, Western Australia. Continue reading

Rokmaster Reports Assay Results from Revel Ridge

Rokmaster Resources Corp. (TSX.V: RKR)

Announced the results of the first four drill holes of the ongoing 3,000 m metallurgical drilling program at the Revel Ridge Project, located 35 km northeast of Revelstoke, B.C.

Revel Ridge hosts a gold rich, polymetallic orogenic gold deposit, and is one of the largest undeveloped deposits of this type in the Western Cordillera.   […]  Continue reading