Heliostar Metals TSX.V: HSTR)

Announced additional results from the current drill program at its 100% owned Ana Paula project in Guerrero, Mexico.

The program aims to convert inferred ounces to higher confidence classifications. It will also support the ongoing Feasibility Study around the Ana Paula deposit.

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Heliostar Ana Paula drill map – Credits Heliostar Metals

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Heliostar Drills 83.2m Grading 17.35 g/t Gold from 76.0m and Expands Program to 20,000m

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Horizon Minerals (ASX: HRZ)

Provided an update on the development of the Phillips Find and Boorara Gold Projects.

Three processing campaigns of Phillips Find ore have been completed at FMR Investments’ Greenfields mill totalling 98,945 tonnes at 1.65g/t Au for 4,954 ounces produced.

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Horizon Baroora project Mining-Operations – Credits Horizon Minerals

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Mining Review 23rd November 2025

A week dominated by the first mining conferences of the season in London and Zurich.

Mining stocks took a hammering, but I met a few new companies I like the look of and merit further research.

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Swiss Mining Conference – Zurich 2025

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City Investors Circle Mining Review 23rd November 2025

Mining Review 23rd November 2025

A week dominated by the first mining conferences of the season in London and Zurich.

Mining stocks took a hammering, but I met a few new companies I like the look of and I feel merit further research.

——-

The 121 Mining Conference in London seemed well attended but it’s always hard to gauge because most booths have two company representatives, making estimating  the number of investors present difficult to assess.

I personally didn’t think it was so vibrant, but that’s probably because of the falling mining stock prices affecting my mood.

I had some interesting meetings though and am currently deciding whether to invest in any of the companies I met.

——-

I then met 55 North at a private luncheon presentation. This company is run by an experienced and successful mining CEO, Bruce Reid if Carlisle fame.

I like this story a lot and have decided to make an initial investment.

——-

The Zurich Mining Show was the largest to far, and filled the room. What I like about this show is that, unlike the PDAC, you can meet the company CEOs on their stand, rather than a university student filling in for a pittance.

All the companies at the show have substance, it’s not cheap to participate here, so early stage explorers in moose pasture are nowhere to be seen.

This makes for a good show and I had numerous meetings with solid companies. As a result I am reviewing three potential investments in new companies that look to have my key criteria, Tier 1 jurisdiction, strong management, funded to near term production in a project with scale.

Once I have reviewed the companies I will add any I think deserve inclusion into the watchlists.

——-

A list of all the significant news releases from our watchlist companies last week is below, please click on the link to be taken to the full story. 

  Swiss Mining Conference

  121 Mining Conference London

  Colonial Coal Continues Talks With Interested Parties

  Pacgold White Lion Drilling Intersected Gold Mineralisation

  Orla Mining Generated $93 Million FCF in Q3

  Omai Gold Drilled 20.33 g/t Au over 5.3m and 2.72 g/t Au

  Mining Review 16th November 2025

——-

.

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non-deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Declaration

At the time of writing the author may hold positions in any of the stocks mentioned.

.

121 Mining Conference London

London mining season kicked off with the 121 Mining Conference at Houndsditch this week.

Sadly the buzz that was evident at a recent presentation when gold was riding the crest of the wave seems to have evaporated, despite gold remaining above $4,000.

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A typical scene from the meeting area at 121  Mining Conference in London

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121 Mining Conference London – 2025

London mining season kicked off with the 121 mining conference at Houndsditch this week.

Sadly the buzz that was evident at a recent presentation when gold was riding the crest of the wave seems to have evaporated, despite gold remaining above $4,000.

This is despite gold remaining above $4,000, but below the heady $4,300 level. As a result producing gold and silver mining stock prices have been hit hard, blowing the exuberance away in the process.

I had some good meeting and do feel that stock prices are due another rise as long as gold holds around the current level or moves higher.

Of the companies that I met, Dolly Varden, Lahontan Gold, and Silver Storm caught my attention and merit further review.

I recently added Silver Storm to the Tier 2 watchlist of developing companies, due to its offtake deal with Samsung, low market cap, and imminent production in Q1 or Q2 2026.

Dolly Varden have a quality management team, and will publish a new Mineral Resource Estimate in Q1 2026. They are also looking for potential acquisitions.

Lahontan Gold is  a small cap early stage exploration play with a past producing open pit gold project, Santa Fe, located in the Walker Lane Trend in Nevada. Run by Kimberley Ann, who has enjoyed success in the past with a number of exploration companies.

Lahontan have other former producing open pit projects in the same trend, including Santa Fe West, and Moho. In addition there is a disseminated silver project.

——-

The show itself, as I mentioned earlier, lacked the buzz I was expecting, due to prices having fallen back quite sharply from their highs despite gold being within 7% of its all-time high.

I noticed a few economy measures, such as no servers for the food, and the food selection had moved somewhat downmarket from previous shows.

My main complaint was the lack of seating given the wide open spaces in the concourse area. Surely they can provide a few more tables for people to sit and eat on?

All in all a good show, and I expect to make a couple of additions to my portfolio as a result of the meetings that I had.

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Orla Mining.

.

Pacgold (ASX: PGO)

Announced the results of the maiden drilling programme designed to test coincident geophysical anomalies and the extent of surface gold mineralisation at the White Lion prospect, along with results from drilling on the Jerry Dodds lode structure.

Both Prospects are located at the Company’s 100% owned Alice River Gold Project.

.

Project map – Credits Pacgold

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,

Pacgold White Lion Drilling Intersects Gold Mineralisation

Further exploration warranted in 2026 field season

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce the results of the maiden drilling programme designed to test coincident geophysical anomalies and the extent of surface gold mineralisation at the White Lion prospect, along with results from drilling on the Jerry Dodds lode structure.

Both Prospects are located at the Company’s 100% owned Alice River Gold Project (‘the Project’), 300km northwest of Cairns, North Queensland.

.

HIGHLIGHTS
 WHITE LION MAIDEN DRILLING PROGRAMME COMPLETED – Reverse Circulation (RC) drilling of the coexistent geophysical IP and Magnetics targets at White Lion has been completed, intersecting encouraging gold mineralisation associated with the Alice River Fault Zone.

,
 JERRY DODDS DRILLING EXTENDS MINERALISED STRUCTURE – Wide-spaced RC drilling has extended the shallow gold mineralisation on the Jerry Dodds lode structure a further 1.4km along strike, for a total of 1.8km of identified mineralisation, open in all directions.

The principal target at White Lion was a large high intensity IP chargeability anomaly coincident with a previously delineated shallow bullseye magnetic anomaly1,2.

Four holes were completed to varying depths on the geophysical targets, all intersecting metasediments containing common pyrite and minor pyrrhotite, minor diorite
intrusive, and limited quartz veining and alteration. Initial interpretation of the geology indicates the geophysical anomalies are a result of the sulphide-bearing stratigraphy. 

Three drillholes were also completed to test the mineralised section of the Alice River Fault Zone (ARFZ) at White Lion, where previous rock chip sampling returned strong gold mineralisation in surface quartz veining and altered fault breccia over strike length of 250m, and historical drilling intersected low level gold mineralisation in shallow
airtrak drillholes.

.
Two drillholes in the current program returned encouraging gold mineralisation, indicating potential for further exploration along strike in both directions, and at depth. Results include:
 8m @ 0.6g/t Au from 44m incl. 2m @ 2.1g/t Au from 50m (WLDH003)
 15m @ 0.2g/t Au from 148m (WLD004)

At Jerry Dodds eight RC drillholes were completed on 4 sections spaced at 400m to test 1.2km of mineralised lode outcrop along strike to the SE of drilling completed by Pacgold on the prospect in 2023. 

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Pacgold’s Managing Director, Matthew Boyes, commented:

“The maiden drilling program at White Lion has delivered an encouraging first look at the gold potential associated with the Alice River Fault Zone, with mineralised intercepts confirming the presence of gold that warrants further exploration in 2026.

 

“The extension of the Jerry Dodds lode by an additional 1.4 kilometres along strike is particularly pleasing and highlights the broader scale of mineralisation emerging across the Alice River Gold Project.

 

“With these results, we are building a strong foundation for continued discovery at both the Alice River Gold and St George Gold-Antimony Projects in Queensland, while concurrently advancing our Phase 1 production restart at the White Dam Project in South Australia.

 

“Pacgold remains well-positioned to deliver value through a balanced strategy of exploration growth and near-term production opportunities.”

.

To read the full news release, please click HERE

=======

To view the latest share price and chart, please click HERE

Orla Mining (TSX: OLA; NYSE: ORLA)

Announced the results for the third quarter September 30, 2025. 

Orla generated $93 million in free cash flow.

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.

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Orla Mining generates record $93 million in free cash flow for quarter

Omai Gold Mines (TSX.V: OMG)

Announced assay results from the next phase of drilling at its 100% owned Omai Gold Project in Guyana, South America.

The current positive drilling results are from two near-surface exploration targets.

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Omai Gold core logging huts – Courtesy of Omai Gold Mines

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.

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G Mining Ventures (TSX: GMIN)

Reported its financial and operational results for the three and nine months ended September 30, 2025. Unless otherwise stated, all dollar amounts are in U.S. dollars.

Tocantinzinho is now operating at steady state—delivering record production, and free cash flow.

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G Mining Oko West project panoramic view – Courtesy of Reunion Gold.

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G Mining Ventures Reports Strong Q3 2025 Results

Catalyst Metals (ASX: CYL)

Has acquired the remaining 49% interest in the Tandarra Gold Project for an upfront A$1.3 million cash payment, which settles the legal case. 

The Tandarra Gold Project lies immediately south of Catalyst’s high-grade Four Eagles Gold Project.

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Catalyst Metals Bendigo JV project area – Credit Catalyst Metals

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.

JV Partner agrees to settle legal case with Catalyst via selling its 49% interest in
Tandarra Gold Project for A$1.3m

Tandarra is contiguous to Catalyst’s high-grade Four Eagles JV in Victoria

Catalyst Metals Limited (Catalyst or the Company) (ASX:CYL) has acquired the remaining 49% interest in the Tandarra Gold Project for an upfront A$1.3 million cash payment, which settles the legal case.

The Tandarra Gold Project lies immediately south of Catalyst’s high-grade Four Eagles Gold Project.

Prior to the transaction, Catalyst held 51% of Tandarra. With this transaction, Catalyst simplifies the future management and direction of Catalyst’s Victorian gold assets, including the Four Eagles gold project.

The reason Catalyst sought to acquire this minority 49% interest is that Tandarra is home to several attractive prospects: Lawry, Tomorrow and Macnaughtan and Tandarra North.

These prospects lie along strike of Catalyst’s Four Eagles Gold Project (163koz Resource at 7.7 g/t incl. 70koz at 26 g/t3).

.

These prospects have previously returned attractive results,
including:
o 12.9m @ 31.1g/t4 o 3m @13.8 g/t7 o 17m @ 6.6g/t6
o 2.45m @54.8 g/t5 o 11.0m @ 17.8g/t6 o 9m @ 14.8g/t7
o 21m @ 6.9 g/t6 o 3m @ 44.6g/t8 o 13.0m @7.75g/t5

Furthermore, Agnico Eagle, one of the world’s largest gold miners, recently acquired ASX listed S2 Resources’ exploration licence EL007795 for A$20 million, demonstrating Agnico’s commitment to investing in Victoria, and the future view of the perspectivity and desire to consolidate areas around its Fosterville Gold Mine.

This tenement does not contain a Resource and lies approximately 50km from Catalyst’s Four Eagles Gold Project.

The Four Eagles and Tandarra gold projects in Victoria were Catalyst’s founding assets. In 2022, a strategic decision was made to build a gold business not so dependent on the highs and lows of Victorian gold exploration.

This resulted in Catalyst’s move to consolidate Western Australia’s Plutonic Gold Belt in 2023. However, the underlying value was neither forgotten nor lost. Rather, management’s strategy turned to small, slow, low-cost steps to de-risk the overall investment proposition.

.

To read the full report please click HERE

=======

To view the latest share price and chart, please click HERE

To View Capricorn Metal’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Capricorn Metals

.

To read our full terms and conditions, please click HERE

.

Lefroy Exploration (ASX: LEX)

Announced that it has received approval from DMPE for gold mining at the Lucky Strike Gold Deposit.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces.

.

Lefroy Exploration’s Lucky Strike Mine Approved clearing pathway for Operations to Commence

Lefroy Exploration Limited (“Lefroy” or “the Company”) (ASX: LEX) is pleased to announce that it has received approval from DMPE for gold mining at the Lucky Strike Gold Deposit.

The Lucky Strike Gold Deposit contains an MRE of 1.27Mt @ 1.95 g/t Au for 79,600 ounces (Indicated 0.70Mt @ 1.93 g/t Au for 43,400 oz. Inferred 0.57Mt @ 1.97 g/t Au for 36,200 oz).

HIGHLIGHTS

• Mine Development and Closure Plan (MDCP) approved by the Department of
Mines, Petroleum and Exploration (DMPE).
• Approval of Clearing Permit covering mining tenement M25/366 received.
• BML Ventures Pty Ltd (BML) to commence activities in November, focusing on
site clearing and eventual pre-strip activities.
• All mining, operational and management activities to be coordinated by BML.
• Accelerated timeline from mine to mill, with first ore scheduled to commence
toll treating at FMR Investments Pty Ltd (FMR) Greenfields Mill in Coolgardie in
February 2026.
• With profit share partners BML prefunding and coordinating all pre-mining,
capital and operational cost at Lucky Strike, Lefroy remains in a strong cash
position until profit share distribution occurs well inside the first half of 2026.

.
LEFROY CEO, GRAEME GRIBBIN, COMMENTED:

“The acceptance by the DMPE of the Mine Development and Closure Plan represents the final major approval for the project, paving the way for earthworks to commence at Lucky Strike.

 

“With BML now overseeing all onsite activities, first toll milling of ore is scheduled for February 2026.

 

“Exposed to the current buoyant gold market, this truly represents the most exciting period for Lefroy shareholders, as the Company advances towards being first-time gold producers, unlocking real value and setting the stage for a strong profitable 2026 and beyond”

.

To read the full news release, please click HERE

 

——-

.

To view the latest share price and chart, please click HERE

To View Lefroy Exploration’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds  shares in Lefroy Exploration

.

Capricorn Metals (ASX: CMM)

Announced it has grown the underground resource at its Mt. Gibson project by an incredible 31% in just four months.

The company has increased the Mineral Resource Estimate  for Orion South Underground to 9.5Mt at 2.9g/t Au for 895,000 ounces of gold.

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Capricorn Metals projects location map – Credits Capricorn Metals

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CAPRICORN’S  MT GIBSON GOLD PROJECT UNDERGROUND RESOURCE GROWS TO 895Koz

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Capricorn Metals (ASX: CMM) announced it has grown the underground resource at its Mt. Gibson project by an incredible 31% in just four months.

The company has increased the Mineral Resource Estimate  for Orion South Underground to 9.5Mt at 2.9g/t Au for 895,000 ounces of gold.

Mineral Resource Estimate (MRE) for Orion South Underground increased to 9.5Mt at 2.9g/t Au for 895,000 ounces of gold.

Highlights

Orion South Underground MRE
• Mineral Resource Estimate (MRE) for Orion South Underground increased to 9.5Mt at 2.9g/t Au for 895,000 ounces of gold.
• Over 13,000 metres of underground focussed diamond drilling has delivered a rapid increase of 211,000 ounces (31%) since the maiden underground MRE in July 2025.
• MRE increases to a compelling 5,400 ounces per vertical metre for the 100 vertical metres immediately below the pit design, where data density exists across the MRE strike extent.
• 33% of Underground MRE now Indicated with infill drilling in progress within the Inferred MRE to improve classifications to allow completion of a Pre-Feasibility level study and a maiden ORE.
• Orion South Underground MRE strongly open at depth with extensional drilling underway.
• Orion South UG MRE covers only 1.2km of strike length of the >8km of Mt Gibson Gold Project (MGGP) strike and only 220m vertical extent below the deepest part of the open pit design.
• Resource growth potential being delivered and significant opportunity to delineate repeat high-grade lodes along strike.
• Drilling planned to commence at next high potential underground targets Lexington and Hornet.
• MRE is reported at a 1.5g/t cut off below existing reserve pit design and a 20-metre crown pillar.
• The updated Orion South Underground MRE has been used as the basis for a Mining Conceptual Study (refer announcement released to ASX today) presenting an early assessment of the potential for underground mining at the MGGP.

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Capricorn Executive Chairman Mark Clark commented:

“Increasing the Orion South underground resource by over 30% to 895,000 ounces in less than four months since the maiden underground resource is indicative of the emerging underground opportunity at Mt Gibson.

 

“Capricorn is committed to a strategy of growing the resource, delivering ore reserves and completing the work to validate our belief that Mt Gibson will become a long mine life open pit and underground mining operation.”

.

To read the full report please click HERE

=======

To view the latest share price and chart, please click HERE

To View Capricorn Metal’s historical news, please click here

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Capricorn Metals

.

To read our full terms and conditions, please click HERE

.

Pacgold (ASX: PGO)

Announced it has started initial capital works to restart the heap leach operation and drilling of existing resource areas and near mine targets at the recently acquired White Dam Gold Operation located in South Australia.

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.

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Pacgold launches restart of White Dam Gold Mine

Recommissioning of White Dam underway targeting Q1 2026 production

Pacgold Limited (ASX: PGO) (‘Pacgold’ or ‘the Company’) is pleased to announce it has started initial capital works to restart the heap leach operation and drilling of existing resource areas and near mine targets at the recently acquired White Dam Gold Operation (‘Project’) located in South Australia.

Final handover is scheduled for the 21st November, 2025 subject to shareholder approval for the issue of the Consideration Shares at the upcoming AGM.

HIGHLIGHTS

 PLANT INVESTMENT COMMENCED – Re-lining of the leaching solution ponds will begin immediately and is expected to take 2 months to complete. The leach circuit will be operational once the first pond is completed in late November, with cyanide irrigation of the pad scheduled to begin as soon as completed.

Maintenance has been initiated at site, with the plant expected to be in fully operational condition by end of November. Initial capital expenditure is expected to be modest at approximately $AUD 600k.

 SCHEDULE– Company has commenced a full restart schedule covering key areas
including:
o Minor plant refurbishment
o Pond Re-lining
o Re-crushing and irrigation of final lift
o Drilling and update resource models, pit designs and cashflow models
o Submission of updated mine plans, PEPR’s and applications for mining permits to
incorporate White Dam north resource into mine plan.

 PHASE 1 STAGED RESTART TARGETING CASHFLOW – Phase 1 of White Dam Gold Mine restart is underway with consignment of crushing equipment and re-crushing of the final pad lift scheduled to commence in Q1 2026.

Full irrigation of re-crushed ore set to commence soon after initial 100,000T parcel is crushed and stacked. Turnover of existing material on the western edge of pad is earmarked for the first pass leaching once cyanide irrigation is restarted
in late November.

 PHASE 2 DRILLING & RESOURCE EXPANSION – Phase 2 of restart includes infill and expansion drilling commencing in November, targeting 25,000m of RC into existing resource areas and near mine targets followed by an updated resource model and new mining studies and cashflow forecasts.

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Pacgold’s Managing Director, Matthew Boyes, commented:

“With minimal capital expenditure required to leverage existing permits and infrastructure, we are rapidly restarting operations, through early key contractor engagement and with re-lining of the solution ponds to begin imminently.

 

“All reagents required for restart of pad irrigation have been purchased and we anticipate the first pregnant solutions to start flowing from the lead pad to the plant by mid-December.

 

“The mine has an outstanding group of motivated staff onsite excited to see this asset back in full production with the shift from greenfield explorer to producer expected to generate real value for our shareholders in the current gold price environment.”
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To read the full news release, please click HERE

=======

To view the latest share price and chart, please click HERE

West Red Lake Gold Mines (TSX.V: WRLG)

Reported drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. 

The drill results are focused on the high-grade Austin Zone, which currently contains an Indicated mineral resource of 914,200 ounces  grading 6.9 grams per tonne gold, with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au..

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Madsen Mill – Courtesy of West Red Lake Gold Mines

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West Red Lake Gold Mines Ltd. (“West Red Lake Gold” or “WRLG” or the “Company”) (TSXV: WRLG)(OTCQB: WRLGF)is pleased to report drill results from its 100% owned Madsen Mine located in the Red Lake Gold District of Northwestern Ontario, Canada. 

The drill results featured in this news release are focused on the high-grade Austin Zone, which currently contains an Indicated mineral resource of 914,200 ounces (“oz”) grading 6.9 grams per tonne (“g/t”) gold (“Au”), with an additional Inferred resource of 104,900 oz grading 6.5 g/t Au..

These results from the 12-4860 drill station are in addition to the Lower Austin intercepts recently announced on October 9, 2025 which highlighted 1 39.45 g/t Au over 7.8 metres (“m”), 74.70 g/t Au over 8.7m and 18.31 g/t Au over 7.5m; and on April 1, 2025 which highlighted 23.81 g/t Au over 5.4m, 30.16 g/t Au over 4.3m and 12.43 g/t Au over 10.5m. The 12-4860 station is located on 12 Level in the Madsen Mine at

..

AUSTIN ZONE HIGHLIGHTS:

• HoleMM25D-12-4860-031Intersected11.2m @ 26.16 g/t Au, from 50.0m to 61.2m, Including 2m @ 131.70 g/t Au, from 57.4m to 59.4m. This high-grade intercept was complimented by visible gold spatially associated with quartz veining and strong silicification (Figure 1). Hole -031 also intercepted5.65m @ 7.49 g/t Au, from 66.85m to 72.50m, Including0.5m @ 25.26 g/t Au.

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Shane Williams, President & CEO, stated,

“The Madsen mine ramp up is progressing well, and drilling into new gold zones deeper in the deposit while we ramp up reinforces our view that Madsen will be a sustainable producing asset in Red Lake for many years to come.

 

“The site team is eager to get the underground drills to deeper parts of the system and is currently finalizing plans for development projects that will facilitate access to more distal portions of the resource for conversion drilling and future mine planning.

 

“We are staying aggressive in our exploration approach because we believe in the discovery potential at Madsen and within the Red Lake district.”

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Visible gold showing in hole MM25D-12-4860-031 at 50.05m downhole depth.

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To read the full news release, please click HERE ——- To view the latest share price and company chart, please click HERE To View West Red Lake’s historical news, please click here . The live Spot gold price can be found HERE . ======= . City Investors Circle is based in the financial district in the City of London We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies. Our audience is selected and invited individually to ensure interest and relevance for the presenting company. Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation. We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter. If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com . ======= , This website is not sponsored, we are truly independent, and will always remain so Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team. All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this. These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional. . Disclosure At the time of writing the author holds shares in West Red Lake Gold Mines. . To read our full terms and conditions, please click HERE

Wesdome Gold Mines  (TSX: WDO)

Announced a new mineralized zone at the Dubuisson deposit, located east of the Kiena Deep deposit at the Company’s 100% owned Kiena Mine Complex in Val-d’Or, Québec.

The new zone has been intersected by drill hole DB-25-068, returning 4.1 g/t Au (uncut) over 25.8 metres (core length).

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Mine location map – Credits Wesdome Gold Mines

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Wesdome Intersects New Zone at Kiena’s Dubuisson Deposit

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To read the full news release, please click HERE

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Horizon Minerals (ASX: HRZ)

Advised that it intends to undertake a consolidation of capital of the Company on a 15-for-1 basis, subject to the receipt of shareholder approval at its Annual General Meeting to be held on Friday, 28 November 2025.

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Horizon Baroora project Mining-Operations – Credits Horizon Minerals

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Event Date

Record Date for Consolidation

Omai Gold Mines (TSX.V: OMG)

Announced assay results from the next phase of drilling at its 100% owned Omai Gold Project in Guyana, South America.

The current positive drilling results are from two near-surface exploration targets that were identified from trenching, geophysics and historical data.

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Credits – Omai Gold Mines

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Western Gold Resources (ASX: WGR)

Reported that assay results from a further 28 RC drillholes across the Eagle South and Gold King deposits within the Gold Duke Project continue to deliver strong and consistent gold intersections, confirming the continuity of mineralisation within and beyond the Stage 1 pit designs.

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Credits – Western Gold Resources

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WESTERN GOLD GRADE CONTROL RESULTS PROVIDE STRONG
SUPPORT FOR PENDING DECISION TO MINE  AT GOLD DUKE

Western Gold Resources Limited (ASX: WGR) (“WGR” or “the Company”) is pleased to report that assay results from a further 28 Reverse Circulation (RC) drillholes across the Eagle South and Gold King deposits within the Gold Duke Project located 35km southwest of Wiluna, in the Goldfields region of Western Australia continue to deliver strong and consistent gold intersections, confirming the continuity of mineralisation within and beyond the Stage 1 pit designs.

These early results reinforce the robustness of the geological model and suggest potential pit extensions and resource growth opportunities within the broader Gold Duke corridor.

With all 35,300 metres of drilling for Stage 1 now complete, the Company is advancing toward the resource model update that will underpin the Decision to Mine process.

Highlights:

• Early results from the 35,300 m grade control and infill drilling confirm the Gold Duke model’s accuracy, with early Eagle South and Gold King assays closely matching Scoping Study1 grades and validating mineralisation continuity along strike and at depth.
• Grade control drilling results reported to date have delivered high-grade, continuous intersections consistent with modelled expectations, with better intercepts including:
Eagle South:
• 10 m @ 3.78 g/t Au from 30 m (EG00069)
• 9 m @ 3.75 g/t Au from 17 m (EG00070)
• 8 m @ 3.06 g/t Au from 18 m (EG00059)
Gold King:
• 9 m @ 1.57 g/t Au from 12 m (GK00181)
• 7 m @ 2.06 g/t Au from 18 m (EM00162)
• 5 m @ 3.99 g/t Au from 40 m (EM00070)
• The tight 5 m × 10 m drilling pattern has verified orebody continuity and grade consistency, reinforcing confidence in production, design, and cash-flow forecasts—supporting projected undiscounted pre-tax cash surpluses of A$56M (A$4,500/oz) to A$97M (A$5,500/oz)1.
• All samples were analysed by ISO-certified labs (Nagrom and Jenning) using 50 g Fire Assay with full QA/QC.
Statistical review confirmed no bias or drift, ensuring JORC-compliant accuracy and repeatability.
• Strong correlation between new grade control and historical drilling validates geological models and pit designs, de-risking the Decision to Mine pathway and confirming continuous, mineable Stage 1 mineralisation.
• Results received for a further 28 of 1,107 holes demonstrate excellent grade continuity, with assays from the remaining ~32,550 m (~1,020 holes) to be progressively incorporated into the Resource Model Update.
• Backed by a fully funded development plan, low pre-mining capital requirements (~A$2.6–2.8 M), and a rapid payback period (3 months), Western Gold Resources is now poised to commence mining with strong geological confidence, proven technical validation, and outstanding leverage to record Australian gold prices, further strengthening the upcoming Decision to Mine process.

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Managing Director Cullum Winn commented:

“These results from the Gold Duke grade control drilling program mark a major technical milestone for Western Gold Resources.

 

“The strong correlation between new assays and our Scoping Study model confirms the robustness of the orebody and underpins the integrity of our mine design and financial forecasts.

 

“With a fully funded development plan, low start-up capital, and rapid payback, we are exceptionally well positioned to move into production at a time of record Australian gold prices—further strengthening the upcoming Decision to Mine process.”

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To read the full news release please click HERE

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.To View Western Gold Resources’ historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Western Gold Resources.

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New Murchison Gold (ASX: NMG)

Provided an update on production at the Crown Prince Gold Mine.

The operation has had a strong second month of mining and crushing and is now fully ramped up with 60,877 dry tonnes of ore at an agreed grade of 3.95g/t Au trucked to Westgold’s Bluebird gold processing facility 36km by road south of Crown Prince.

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New Murchison Gold project location map – Courtesy of New Murchison Gold Ltd.

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NEW MURCHISON GOLD COMPLETE STRONG PRODUCTION RAMP UP 
AT CROWN PRINCE

New Murchison Gold Limited (ASX:NMG) (“NMG” or the “Company”) is pleased to provide an update on production at the Crown Prince Gold Mine (Crown Prince).

The operation has had a strong second month of mining and crushing and is now fully ramped up with 60,877 dry tonnes of ore at an agreed grade of 3.95g/t Au (adjusted for recovery) trucked to Westgold Resources Limited’s (ASX:WGX, “Westgold”) Bluebird gold processing facility 36km by road south of Crown Prince.

Mining is well established with the operation performing strongly. NMG’s operations team and contractors are collectively working together on site underpinning the stability of the operation.

In accordance with the Ore Purchase Agreement between NMG and WGX the agreed monthly recoverable gold ounces in ore trucked to Bluebird was 7,285 oz with the related ore sales payment due at the end of November 2025.

The unreconciled production inventory on site at the end of October is approximately 37,900t (wet tonnes) of Crown Prince ore on the ROM awaiting crushing and approximately 11,200t (wet tonnes) of crushed high-grade product, which provides a solid foundation for continuing strong production in November.

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Alex Passmore NMG’s CEO commented:

“Our second month has completed the ramp up of the mine and with a concerted effort from our operations team with the support of Ozland Mining and MLG Crushing has exceeded expectations for our second month.

 

“We have a strong foundation for production in November.

 

“We are very pleased with the successful delivery of our first mine and while retaining focus on ongoing operations the Company is now able to refocus our exploration effort to support future opportunities.”

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To read the full news release please click HERE

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..

.To View New Murchison Gold’s historical news, please click here

The live gold price can be found HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in New Murchison Gold.

.

Market Review October 2025

The highlighted company is Heliostar Metals (TSX.V: HSTR).

After a volatile month for the price of gold, our Tier 1 watchlist companies rose an average of 3% with seven risers and one even out of ten companies. Galiano Gold was the highest riser, and we feature the significant news from companies on our watchlists.

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Abore Gold Mine – Credits Galiano Gold

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City Investors Circle Market Review October 2025

City Investors Circle has published the Market Review for October 2025

The highlighted company is Heliostar Metals (TSX.V: HSTR).

After a volatile month for the price of gold, our Tier 1 watchlist companies rose an average of 3% with seven risers and one even out of ten companies. Galiano Gold was the highest riser, and we feature the significant news from companies on our watchlists.

Both Orla Mining and G Mining Ventures reported strong production and revenue during their Q3 reporting period.

Additions to the watchlist Tier 2 are Erdene Resource Development, Silver Storm Mining, and Western Gold Resources.

Aris Mining was moved into the Tier 1 watchlist after performing well and growing production in Colombia.

i-80 Gold was deleted from the watchlists after not performing as I had hoped. Minera Alamos is under review for deletion for the same reason.

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Almost all metal prices increased during October, despite the volatility. Gold and silver rose 6%, 8% in UK pounds sterling terms, after the pound fell v the US dollar. This is a good reason for having investments quoted in other currencies, given the current lack of faith in the Labour government.

Copper reached an all-time high price of $5.15, and tungsten remains the metal that has increased in price the most in 2025 so far, up 95% year to date.

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We feature top slicing or trimming from companies that have performed well but growth has slowed as they mature and investing in newer exciting companies that look to enter an exciting growth phase.

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To read the October 2025 Market Review, please click HERE.

To receive future issues of the Market Review and invitations to our free to attend mining presentations, please email andrew@city-investors-circle.com

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Archive of October’s news releases is listed below, click the link to be taken to the full story.

  Meeka Metals Reports Strong Grades in First Underground Ore

  Catalyst Metals Intersected 7.4 GPT of Gold at Cinnamon

  Barton Gold Tunkilia Drilling Ahead Of Schedule

  Kaiser Reef Announces High-Grade Gold at Union Hill

  Barton Gold Starts Geotechnical Drilling at Central Gawler Mill

  Mining Review 26th October 2025

  Wesdome Announces Q3 2025 Results and Record Quarterly Production

  Kaiser Reef Increase Henty Reserves by 29%

  G Mining Ventures Approves Oko West Construction

  Ora Banda Mining Reports Record Revenue and Production

  Horizon Minerals Boosted by Spectacular Gold Grades

  Catalyst Advances Four Eagles With Exploration Tunnel Approval

  Mining Review 19th October 2025

  Capricorn Increases Warriedar Acquisition Consideration

  Meeka Reports Thick, High-Grade Gold in First Drill at Turnberry North

  Orla Mining Reports Strong Q3 Gold Production from Musselwhite

  G  Mining Ventures Reports Record Q3 2025 Production

  Kaiser Reef Production Update Quarter ending September 2025

  Minerals 260 Reports Thick, Shallow high-grade Gold Intercepts

  Mining Review 12th October 2025

  Pacgold Raises Funds to Acquire The White Dam Gold Mine

  Barton Gold Trading Halt

  G Mining Ventures Secures Financing to Construct Oko West

  Capricorn Metals Confirm 4 m Ounces of Gold Reserves

  Orla Mining Discovers Potential 2 KM Extension at Musselwhite 

  Pacgold Announce Transformational Acquisition

  Erdene Resource Development Zuun MRE Update

  Mining Review 5th October 2025

  Cornish Metals Updates The PEA Of The South Crofty Tin Mine

  Pacgold Halted Pending Announcement of a Project Acquisition

  G Mining Ventures Receives Approval of SUDAM Tax Incentive

  New Murchison Gold Announce a Strong Start at Crown Prince

  Market Review September 2025 Published

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so.

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author may hold shares in some or all of the companies mentioned

.

Meeka Metals (ASX: MEK)

The company reported strong gold grades in the first underground ore from Andy Well, at the Murchison Gold project, Western Australia.

Ore development grade from Andy Well, is exceeding expectation with the lode grading +100 g/t Au in multiple faces.

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Meeka Metals drill site – Credits Meeka Metals

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To read the full news release, please click HERE

——-

To view the latest share price and chart, please click HERE

We present interesting and exciting junior mining companies listed on the ASX and TSX stock exchanges to a group of city professionals, and private investors, all of whom are active investors with a mandate to invest in junior mining companies.

Our audience is selected and invited individually to ensure interest and relevance for the presenting company.

Meetings are non deal, small group, highly focused and engaged, with a lively Q and A to follow the main presentation.

We create awareness, and maintain interest in presenting companies by disseminating their future news to our entire investor group via email, social media, and our Monthly Review newsletter.

If you wish to present to our select group of active mining investors, please email andrew@city-investors-circle.com

.

=======

,

This website is not sponsored, we are truly independent, and will always remain so

Companies featured here have either presented to the Circle in London, or have been selected because they are considered to have interesting projects, in good jurisdictions, run by an experienced management team.

All information used in the preparation of this communication has been compiled from publicly available sources that we believe to be accurate and reliable, however, we cannot, and do not, guarantee the accuracy or completeness of this.

These articles are for awareness and informational purposes only, and are not recommendations in any form.  Always consult an investment professional.

.

Disclosure

At the time of writing the author holds shares in Meeka Metals. 

.

To read our full terms and conditions, please click HERE