Novo Nuggets in Western Australia
The company’s stock nearly tripled from 96¢, only to gain another 33¢ to $3.15 per share on Aug. 8, when assay results of a 700-kg bulk sample delivered 87.8 grams gold per tonne and 46.1 grams per tonne.
Month: August 2017
Of diamonds and dynasties
Legendary diamonds have long been associated with imperial dynasties. Now, just as a new book promises to revive interest in the multi-empire story of the fabled Koh-i-Noor gem, Alrosa has unveiled a suite of five stones commemorating great families of old Russia. In doing so, the mining giant marks a new emphasis not just on extracting exceptional stones, but cutting and polishing them too. The company says it will use state-of-the-art techniques to revive traditions dating back to Peter I.
Robert Friedland at Sprott
“This is an era of unprecedented change, it’s really happening,” Friedland said. “The handwriting is on the wall. For those of you who deny this phenomenon, you’re going to miss this massive disruption opening soon at a theatre near you.”
Running Out of Gold: Buyout Phase Imminent
Large-cap gold companies are in crisis mode—that’s the truth. Most of them have operational costs, which are near or at $1,250, so they’re employing thousands of workers daily, dwindling their only asset, gold, and at the end of the day, they have little to show for it.
NOVO $3.30, Artemis (ASX: ARV) 0.15
Purdy’s Reward sits within a granted Exploration Licence (E47/1745) which covers an area of 29km2
and sits approximately 16km east of Artemis’s fully permitted Radio Hill processing plant and
associated infrastructure. This exploration licence has heritage survey clearance and valid Programmes
of Works with the DMIRS.
Balmoral Announces Brokered $3.0 Million Private Placement of Flow-Through Common Shares
Balmoral Resources Ltd. (TSX:BAR) is pleased to announce that it has entered into an agreement with PI Financial Corp. as lead agent on behalf of a syndicate of agents, pursuant to which the Agents have agreed to offer 4,225,000 national flow-through common shares of the Company at a price of C$0.71 per National FT Share for aggregate gross proceeds of C$2,999,750 read more at Balmoral
Lomiko: Poised for Batteries
We’ve been talking to Paul Gill, President and CEO of Lomiko Metals (V.LMR), for several years as the company has evolved. Lomiko’s goal has always been to develop graphite properties in Quebec. But like many graphite producers, the questions of timing, grade, purity and CAPEX have all had impacts on Lomiko’s path forward.
Very Soft Launch
MotherlodeTV.net is now live. We produce original material about the Canadian junior mining and exploration sector. We also act as a clearing house for news, press releases and video about junior resource companies.
Red Eagle grapples with ground conditions at San Ramon
Red Eagle Mining (TSX: R; US-OTC: RDEMF) announced first gold at its San Ramon underground gold mine in Colombia in late 2016, but ramp-up at the operation hasn’t exactly been going according to plan.
Arizona Mining’s Expanded Drill Program Hits More High-Grade Mineralization Outside PEA Resource Outline
VANCOUVER, BC–(Marketwired – August 08, 2017) – Arizona Mining Inc. (TSX: AZ) (“Arizona Mining” or the “Company”) announces the results of three exploration holes from the current nine rig drill program focused on expansion of the Taylor Sulfide Zone (“TS”) and Taylor Deeps Zone (“TDS”) located on its 100%-owned Hermosa Project in Santa Cruz County, Arizona. The drill holes highlighted in this release are successful step out exploration and infill drill holes indicating the potential for resource growth and increased grades from the Preliminary Economic Assessment (“PEA”) (see Press Release dated April 3, 2017).
- 62 FEET ASSAYING 32.5% ZINC-LEAD AND 5.8 OPT SILVER
- 35 FEET ASSAYING 24.0% ZINC-LEAD AND 21.0 OPT SILVER
- 36.5 FEET ASSAYING 17.1% ZINC-LEAD AND 3.1 OPT SILVER
- 17.5 FEET ASSAYING 14.5% ZINC-LEAD AND 2.2 OPT SILVER
“The drill results continue to significantly expand the Taylor Sulfide and Taylor Deeps Zones and show higher zinc-lead-silver grades. It is clear that the expanded drill program continues to not only add tons to the ultimate size of the deposit, but more importantly, they are higher grade tons that should benefit the economics of the project,” said Chief Operating Officer Don Taylor.