Venture Minerals (ASX:VMS) has released their Feasibility Study on their 100% owned Mt. Lindsay Tin Project. The Bankable Feasibility Study outlines a $200M capex, which includes a 35% increase in capacity to 1.75Mtpa, good for a mine life of 9 years based on the current 14M tonnes of reserves. We […]
At the Silver Summit in Spokane, Washington last month, we had a chance to talk to Tim Barry, CEO of Silver Bull Resources (NYSEAMEX:SVBL, SVB.TO), which owns the Sierra Mojada Silver Project in Mexico. Sierra Mojada currently hosts an oxide resource of 82.5Mlbs silver and 1.1B lbs of zinc in […]
Simba Energy (SMB.V) has announced the results of their passive seismic survey on their 100% owned Block 2A in Kenya, Africa. The first lead at Target 1 with an area of 29km² demonstrates the highest level of hydrocarbon seismic energy interpreted amongst all seven potential leads identified by this survey. […]
We sat down with Andrew Mortimer, Managing Director of Proto Resources (ASX:PRW), at the Precious Metals show in Munich last Friday and Saturday. The company is gearing up to drill a fourth hole at its Lindeman Bore-project, which will reach a depth of approximately 350 meters, and the company’s geologists […]
Empire Mining (EPC.V) announced they closed a private placement, raising an additional C$1.5M by issuing 15M shares at C$0.10 each. This brings the total treasury position to approximately C$4M, after they raised another C$1.5M in September and received a C$1.5M cash payment from First Quantum Minerals (FM.T). Empire also announced […]
CuOro Resources (CUA.V) has been trading very nervously since the company announced managament changes. We have bought more shares of CuOro on the open market, as the current valuation is just ridiculous. As the company holds approximately 30 cents per share in cash, the Enterprise Value of CUA has just […]
Proto Resources (ASX:PRW) announced they raised approximately A$900,000 at 0.7cents from institutional investors. These funds will be used for further metallurgical test work on the Barnes Hill iron ore project and to fund the fourth deep diamond drill hole at the company’s Lindeman Bore and Mt. Vetters projects. The company […]
ASX-listed Renaissance Minerals (ASX:RNS) announced more drill results from its 100%owned Okvau Project in Cambodia. Highlights of the set of results are intercepts of 28 meters at 1.8 g/t gold, 14 meters at 3.1g/tgold and an astonishing 35 meters at 2.4g/t at a depth of 256 meters. Renaissance currently has […]
CuOro Resources (CUA.V) announced it will terminate the option on the Barranco de Loba Gold project in Colombia. The company conducted a first exploration program on the property and as the results weren’t as impressive as hoped for, CuOro decided to cancel the option agreement, and $600,000 will be written […]
Proto Resources (ASX:PRW) has updated the market on their Feasibility Study at their Tasmanian Barnes Hill copper-cobalt project. The FS on the Barnes Hill project is ‘substantially complete’ as only one leach optimization has to be further refined. The FS will include the increased mining rate of approximately 500,000 tonnes […]