motherlodetv.net
While MotherlodeTV.net is focussed on mining stories, the energy sector is warming up again. Even before the recent events in Saudi, oil prices have been rising and the Brent oil price just broke $60 a barrel for the first time since 2015. Positioning to take advantage of the firming oil price is challenging. Especially with the uncertainty which surrounds both heavy oil plays and fracking.
Northern Equity Research has a new report out on GGX Gold (V.GGX):
Excellent article from our friend Lesley Stokes over at The Northern Miner on Pretium (T.PVG) operations at its Brucejack Mine in Northern British Columbia. Pretium is now processing stope ore with grades running over 12 grams per ton. In the third quater overall, Pretium produced 82,203 oz. gold from 261,262 tonnes grading 10.52 grams gold per tonne. What is remarkable is that the all in sustaining cash cost of this production was US $446 per ounce.
GGX Gold (V.GGX) is reporting over 16 meters of 4.59 gpt gold and 38.64 gpt silver at its Gold Drop Project near Greewood, BC. We’ve had interesting results from GGX earlier this summer with “Samples from the first batch of samples returned significant results for gold and silver with values up to 81.8 g/t Gold and 630 g/t Silver. (August 21, 2017) and drilling results including a half meter of 24.1 gpt AU and 192 gpt AG (August 28, 2017).
Goldcorp (TSX: G; NYSE: GG) has found a foothold in northwestern B.C.’s historic Golden Triangle region with a plan to inject $7.2 million into Colorado Resources (TSXV: CXO) to gain exposure to the junior’s 305 sq. km KSP gold-copper property.