Castillo Copper (ASX:CCZ) has today informed the market than an encouraging desktop report from geology consultant, Xplore Resources, has highlighted considerable potential for additional cobalt mineralisation and favourable zones of outcrops across the company's Broken Hill Project.This prolific NSW region is steadily emerging as a new global supply chain hub, especially given current cobalt sent...Read More
Marquee Resources Limited (ASX:MQR) today announced it has appointed the highly experienced Mr Paul Sarjeant to its Canadian in-country management team as General Manager of North American operations.For more than 25 years Sarjeant, P.Geo., has been involved in mineral exploration and development in North and South America and throughout Africa, Asia and Europe, and has now been involved in cobalt...Read More
Pacifico Minerals (ASX:PMY) has entered into a Binding Option and Terms to Purchase agreement to acquire all issued capital in Minera GS S.S. de C.V., a private gold mining and exploration company incorporated in Mexico.As a result of the agreement, PMY will acquire the rights to the highly prospective Violin project, which is situated within the Mexican Guerrero gold belt (below).The project cont...Read More
Archer Exploration Ltd (ASX:AXE) today released the final results from its aerial electro-magnetic (AEM) survey over the Blue Hills Project, located approximately 60 kilometres east of the township of Jamestown and 30 kilometres south of the trans-Australia railway line.The +370 line-kilometre AEM survey was undertaken by helicopter in January 2018 with the preliminary results released by AXE on 1...Read More
Lithium Australia NL (ASX:LIT), a small-cap looking to mine lithium as well as establish a vertically integrated lithium processing business, is undertaking the final steps towards getting its large-scale pilot plant up and running.At this stage, as the company finishes its front-end engineering and design studies, it is also assessing feed sources for the first 12 months of operation.LIT's SiLeac...Read More
Alloy Resources (ASX:AYR) has reached an agreement with Jindalee Resources (ASX:JRL) to acquire an Option to purchase an exploration licence application within the highly prospective Millrose Greenstone Belt.Exploration licence application 53/1962 ("ELA") is adjacent to AYR's Horse Well Gold Project, which is situated in the north eastern goldfields of Western Australia and adjacent to Northern St...Read More
EHR Resources (ASX:EHX) has initiated the next phase of its exploration programme at the La Victoria Gold Project in cooperation with Eloro Resources Limited (TSX-V:ELO).EHX has indicated that exploratory drilling will be a key focus moving forward at the site, which is located in the north-central mineral belt of Peru.The company formally notified Eloro that it would proceed with the stage two ea...Read More
Metals junior, Pacifico Minerals (ASX:PMY), today updated the market on its progress across its exploration portfolio of polymetallic projects in Colombia and Australia.PMY is focused on advancing its Borroloola West Copper/Zinc/Lead/Cobalt/Silver Project in the Northern Territory. This project covers a promising package of ground north-west of the McArthur River Mine, the world's largest producin...Read More
This product is classified as 'very high risk' in nature due to its location and geopolitical situation of the region. Finfeed advises that extra caution should be taken when deciding whether to engage in this product, however if you are not sure whether it is suitable for you we suggest you seek independent financial advice.Tanzanian graphite developer Black Rock Mining Limited (BKT:ASX) has toda...Read More
Lithium Australia NL (ASX:LIT) informed the market yesterday that it had received acceptances for 99.7% of the Very Small Particle Company's (VSPC) issued capital.The announcement came just 48 hours after LIT lodged formal documents for its takeover of the Brisbane based cathode powder producer, which has spent approximately A$30 million developing its production technology.The technology allows V...Read More
Lithium Australia NL (ASX:LIT) has advanced its acquisition of Brisbane battery cathode developer, the Very Small Particle Company Ltd (VSPC), with LIT and major VSPC shareholders executing a binding Share Sale and Purchase Agreement.Brisbane-based unlisted public company, VSPC, has researched and developed some of the world's most innovative and respected new-era cathode material production techn...Read More
Mr. Shawn Wallace reportsAURYN RESOURCES ANNOUNCES CLOSING OF US$9.8 MILLION FINANCINGAuryn Resources Inc. has closed its previously announced bought deal offering, including the exercise in full of the underwriters' overallotment option.A total of 6,015,385 common shares of the company were sold at a price of $1.30 (U.S.) per share for gross proceeds of $7.8-million (U.S.).The offering was comple...Read More
This week was certainly ripe with major events, each of which has had a direct and immediate impact on gold. However, it was the escalation of trade tariffs proposed by President Trump this week that sent gold prices dramatically higher and equity pricing to its lowest level since November 2017. An announcement by President Trump that he is proposing new tariffs to be levied against China sent shi...Read More
Mar 23, 2018 Guest(s): Bill Baruch President, Blue Line Futures Investors can expect gold to break out to $1,420 an ounce this year, said Bill Baruch, president of Blue Line Futures.Gold rallied this week despite the Fed announcing higher interest rates because investors were expecting the FOMC to adopt an even more hawkish stance, according to Baruch.Baruch told Kitco News that if gold can brea...Read More
Mr. Jeff Chisholm reportsPAN ORIENT ENERGY CORP. 2017 YEAR END FINANCIAL AND OPERATING RESULTSPan Orient Energy Corp. has released its fiscal 2017 and fourth quarter consolidated financial and operating results.The company is filing its audited consolidated financial statements as at and for the year ended Dec. 31, 2017, and related management's discussion and analysis with Canadian securities reg...Read More
(Kitco News)- With the Federal Reserve’s latest monetary policy decisionout of the way, geopolitical uncertainty and the threat of a global trade warwill drive gold prices in the near-term, according to analysts.Not only did the Federal Reserve disappoint U.S. dollar bulls -- driving gold prices higher -- as it signaled only three rate hikesthis year, but tit-for-tat tariffs threats between...Read More
(Kitco News) - Amid the threat of a tradewar breaking between the U.S. and China, Wall Street and Main Street alike lookfor gold prices to continue their rally next week.The yellow metal rosesharply this week and by late Friday morning was up some $40 from the lows ofTuesday. The first leg higher came when the Federal Reserve did not appear tobe signaling any increase in policymakers’ pace o...Read More
For gold investors patiently awaiting a gold rally, one expert says the time has come. "This is exactly the time, that something unrelated sets off a gold rally. The charts say it's time and the gold/silver ratio says its time, but it's not going to come from where you think, it's going to come from left-field," said E.B. Tucker, editor of The Casey Report. The gold/silver ratio was designed at 1...Read More
Mr. Shawn Wallace reportsAURYN RESOURCES ANNOUNCES CLOSING OF US$9.8 MILLION FINANCINGAuryn Resources Inc. has closed its previously announced bought deal offering, including the exercise in full of the underwriters' overallotment option.A total of 6,015,385 common shares of the company were sold at a price of $1.30 (U.S.) per share for gross proceeds of $7.8-million (U.S.).The offering was comple...Read More
(Kitco News) - While gold has seen its best week in two years, oneU.K.-based research firm expects that the rally will not be sustainable,looking for prices to fall nearly 6% from current levels by year end due torising real interest rates. Capital Economics said in a recent report that although goldis traditionally a good hedge against inflation -- as the yellow metal rises inconjunction with co...Read More