News

Chalice Gold Mines says it has the balance sheet to think big on the discovery front (reports MiningNews).

Chalice Gold Mines says it has the balance sheet to think big on the discovery front (reports MiningNews). The company has A$30 million in working capital and investments due to savvy project sales, and has not raised capital since 2011. Chalice's flagship project is the Pyramid Hill project in Victoria, comprising 5190sq.km in the Bendigo region, where 60 million ounces of high-grade gold has been discovered.

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Experienced resource analysts James Wilson and Matt Keane from Perth-based broking firm Argonaut Securities attended a recent site visit to Red 5’s (ASX: RED) King of the Hills Project (KOTH).

Experienced resource analysts James Wilson and Matt Keane from Perth-based broking firm Argonaut Securities attended a recent site visit to Red 5’s (ASX: RED) King of the Hills Project (KOTH). And they were impressed by what they saw. In a new note, they say the scale of King of the Hills is “bigger than the market perception”, with the project offering numerous “add-ons” to consider over and above the current Feasibility Study (due in mid-2020).

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13th December 2019

Genesis Minerals has signed a farm-in agreement with Kin Mining over the Desdemona South Area, south of Leonora (reports MiningNews). The project sits between Genesis' 760,000 ounce Ulysses deposit and St Barbara's Gwalia mill. The ground includes more than 10km of prospective strike, including the northern extension of the structural corridor that hosts Ulysses. Genesis can earn 60% of the ground by spending A$1 million on exploration within four years. If Kin chooses not to contribute, Genesis could reach 80% by spending a total of $2.6 million.

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Sydney-based Bridge Street Capital has updated its valuation for lithium developer Liontown Resources (ASX: LTR) to 17c/share – a steep premium to its current price of around 8c – following the recently released Pre-Feasibility Study for its Kathleen Valley lithium-tantalum project in WA. “The Kathleen Valley Pre-Feasibility Study represents the next step in establishing full value for this emerging Tier-1 hard rock lithium project,” wrote Bridge Street resource analyst and former fund manager Dr Chris Baker.

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Gold mining stocks got a “triple-T” boost this week with Trade, Trump and Takeovers lifting its price to a one-month high and what could be the start of a drive back above the $US1500 an ounce mark.

Gold mining stocks got a “triple-T” boost this week with Trade, Trump and Takeovers lifting its price to a one-month high and what could be the start of a drive back above the $US1500 an ounce mark. The share prices of miners reacted modestly to the rising price for the yellow metal, which reached $US1483/oz on Wednesday before sliding back to around $US1475/oz – a gain for the week of $US14/oz.

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The first three drillholes at Centaurus Metals’ newly acquired Jaguar nickel sulphide project in Brazil have returned wide, high-grade results (reports MiningNews).

The first three drillholes at Centaurus Metals’ newly acquired Jaguar nickel sulphide project in Brazil have returned wide, high-grade results (reports MiningNews).

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Gold producer Red 5 (ASX:RED) has reached an option agreement to acquire the Cables and Mission gold deposits from private vendor Andrew Paterson

Gold producer Red 5 (ASX:RED) has reached an option agreement to acquire the Cables and Mission gold deposits from private vendor Andrew Paterson that could increase resources and extend mine life at its Darlot mining operation in Western Australia’s Eastern Goldfields region (reports Stockhead). The Cables and Mission deposits are just 10km from Darlot and were last reported by Leopard Resources in 2014 to host outdated JORC 2004 resources of 185,000 ounces of gold.

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Sunstone Metals says the latest results from its Limon prospect in Ecuador indicate it’s close to a gold-copper porphyry centre (reports MiningNews). The latest Limon drilling returned 40m at 0.1 grams per tonne gold, 0.12% copper and 19 parts per million molybdenum from 863m from downhole. Sunstone said the result indicated drilling was within the outer halo of a mineralised porphyry gold-copper system of significant scale. "The trend is our friend," Sunstone managing director Malcolm Norris told the Resources Rising Stars Summer Series in Sydney.

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26th - 27th May 2020

Gold Coast Conference

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