Pilot Gold (PLG.TO) announced it found a supergene copper blanket after drill-testing a four kilometer long trend at the K2 target. This copper blanket lies underneath the gold oxide zone and has the potential to add a lot of value to the TV Tower project. Of interest are the intercepts […]
New Gold (NGD.TO, NYSE:NGD) has released the results of a feasibility study on the Rainy River project. The project is estimated to cost $885M (which includes a $70M contingency) and will produce 3.4 million ounces of gold and 6 million ounces of silver during a 14 year mine life. The […]
Temex Resources (TME.V) has released an updated NI43-101 compliant resource estimate on its Juby Gold Project in Ontario, Canada. The total resource now stands at 4 million ounces of gold, of which roughly 1/4th is part of the indicated category. Using a cutoff grade of 0.4g/t, the average grade in […]
Integra Gold (ICG.V) has updated the resource estimate on its 100% owned Lamaque gold project in Val D’Or, Québec. The updated estimate reveals an indicated resource totaling 756,000 ounces at an impressive average grade of 7.1g/t. The inferred resource contains an additional 294,000 ounces of gold at 10.1g/t. This means […]
St Andrew Goldfields (SAS.TO) has released its production numbers for 2013. As the gold production in the fourth quarter came in in line with the expectations of 24,300 produced ounces, there are no big surprised in the production of just shy of 100,000 ounces of gold for the entire year. […]
Tsodilo Resources (TSD.V) has released an update on its Xaudum iron ore project in Botswana, where it has outlined a ‘conservative exploration target’ of 5 to 7 billion tonnes of iron ore with an average grade of between 15% and 40% Fe. This might not sound very impressive as the […]
Syndicated Metals (ASX:SMD) has announced new drill results from its ongoing exploration program at the Barbara copper-gold project in northern Queensland, Australia. The company has now received all results from a 4,500 meter drill program which was designed to explore for shallow mineralized zones at the project. Of interest are […]
Fortuna Silver Mines (FVI.TO, NYSE:FSM) has reported its final production numbers for 2013 and already provides an outlook for this year. In 2013, the company produced 4.6 million ounces of silver and in excess of 21,000 ounces of gold at its San José Mine in Mexico and Caylloma mine in […]
Capstone Mining (CS.TO) has released its production numbers for 2013, wherein it produced 113.8 million pounds of copper. Not surprisingly, the fourth quarter accounted for almost half of the output for the entire year, as the copper production from the newly acquired Pinto Valley project was added to the production […]
Centaurus Minerals (ASX:CTM) has announced it received the necessary mining licenses for its Jambreiro iron ore project in Brazil. This is obviously very important news as this will very likely make it easier for the company to secure funding for the Jambreiro project. Centaurus plans to start with a 1Mtpa […]
Avrupa Minerals (AVU.V) announced it signed a terms sheet with Byrnecut International which allows Byrnecut to reach an 85% ownership of the Slivovo project in Kosovo. As per the agreement, Byrnecut needs to spend 1M EUR in exploration expenditures within a year from signing the definitive agreement to gain a […]
Excelsior Mining (MIN.V) has released an excellent pre-feasibility study last Friday which sent the share price soaring to an almost 2 year high. Even though the PFS shows excellent economics, we are surprised by the market reaction, as there has been no material change since the PEA. The higher NPV […]