Westgold Resources (ASX | TSX: WGX)
Has successfully fired the first high-grade stope at its iconic Great Fingall Mine – now accessing virgin areas of the famous gold reef last mined more than a century ago.
Located near the town of Cue in Western Australia, the Great Fingall mine produced an astonishing 1.2Moz of gold between 1891 and 1918. Continue reading
Mines and Money London Day 2
The conference seemed busier today, maybe less people watching keynote speakers and circulating around the booth area?
I met six companies today and there are two that I might invest in as a result. Further research to be done first of course. Continue reading
Market Review September 2024
The featured company is Westgold (ASX / TSX: WGX)
The review contains news about watchlist companies making news in the last month. These included a takeover bid for American Creek, and a gold discovery for Calibre Mining. Continue reading
PDAC 2024 Day 1
A quiet opening day to PDAC 2024, and the whole show lacked the usual excitement and vibrancy in my opinion.
Booth holders were bemoaning the lack of investors attending, and that they were mainly meeting service providers and people seeking opportunities. Continue reading
Mali, West Africa
The ruling Junta in Mali have proposed a new Mining Law that would increase the governement’s share of mines within the country. Some miners think this will deter investment in the country.
Current producers in Mali, such as Barrick and K92 Mining feel the new law will not impact existing producers. Continue reading
Maple Gold Mines Ltd. (TSX.V: MGM)
Announced plans for a 2,500-3,000 metre Phase I drill program based on the recently completed 3D geological and structural model at the Company’s 100% controlled Eagle Mine Property in Quebec, Canada.
The past-producing Eagle-Telbel Mine Trend, which produced 1.1 million ounces of gold between 1974 and 1993 […] Continue reading
Wesdome Gold Mines (TSX: WDO)
Announced results from the initial sill development on the Falcon 7 Zone at the Company’s wholly-owned Eagle River Mine near Wawa, Ontario.
The Falcon 7 Zone initial sill development has been completed on the 622 and 635 levels in preparation for mining in Q4. Chip sampling and test holes during the initial development confirms earlier exploration drill results by returning high gold grades over continuous strike length. Continue reading
