Mining & Resources
Luca Mining Agrees to Buy Capstone’s Cozamin Mine for Up to US$385 Million
Luca Mining’s entire market value was C$313.75 million on September 12, according to Morningstar, or roughly US$223 million at the conversion rate in Luca’s own release. The mine it agreed to buy on September 21 is priced at up to US$385 million. The buyer is smaller than the purchase. Luca Mining Signs Definitive Deal for…
Trident, Goliath, Abitibi Report Fresh Gold and Copper Assays
Two hundred and twenty meters below workings a mining company walked away from in 1998, a drill bit found some of the best gold grades of the season. A high-grade discovery in British Columbia’s Golden Triangle kept adding visible gold to an already sprawling footprint. A Quebec copper deposit got wider and richer in the…
Silver Tiger Hits 29.6 kg/t Silver Equivalent, Then Joins a $9.3B ETF
One drill sample at Silver Tiger Metals’ project in Mexico came back at 29,620 grams of silver equivalent per tonne, nearly 30 kilograms in half a meter of core. Three days later, the company announced its mine is 65% through detailed engineering and about to join a $9.3 billion exchange-traded fund. Both things are happening…
Silver Tiger, Algo Grande, Green Bridge Report Fresh Assays
Most drill results get reported in grams per tonne. This week one company reported one in kilograms, and it took a moment to register that 29,620 grams per tonne and 29.62 kilograms per tonne are the same absurd number. Two copper stories landed the same week too, one in a Sonora skarn where the ore…
Panoro Confirms High-Grade Copper Continuity to 1,100 Meters Deep
Panoro Minerals confirmed copper-gold-silver mineralization runs continuously from surface to 1,100 meters deep at its Cotabambas project in Peru, extending the known high-grade zone another 300 meters straight down. The company’s own CEO said the scale of what they’re finding caught him by surprise. The step-out holes still haven’t found where the high grade actually…
Volta Metals, Vizsla Copper, Sterling Metals Report Fresh Assays
A conceptual open pit is supposed to mark where a deposit ends, at least on paper. This week one company drilled 275 metres past the bottom of its own pit model and kept hitting the same grade it had been mining on paper the whole way up. Two copper stories landed the same week too,…
Pecoy Copper Drills 804 Meters of Copper-Gold at South Breccia
One drill hole at Pecoy Copper’s project in southern Peru returned mineralized copper and gold across 804 meters, more than three-quarters of a kilometer of continuous core. The company has drilled roughly a fifth of its planned meterage for the year, and it just got its third look at a zone that keeps growing every…
Pirate Gold, Churchill Resources, Copper Giant Report Fresh Assays
Newfoundland has quietly turned into one of the busier corners of Canadian exploration this year, and this week two companies were drilling barely a province apart from each other, one chasing gold, the other chasing a polymetallic vein swarm nobody had mapped a year ago. A third story landed much further south, where a single…
High-Grade Gold, a Permitted Mill, and a Q4 Resource Estimate to Watch
1911 Gold just extended a high-grade gold vein 500 meters along strike and 600 meters deep, and it still isn’t done drilling. The company’s restart plan already has a permit in hand, a mill built, and an economic study claiming a 105% return. What it doesn’t have yet is the updated resource estimate that growth…
Goliath, Selkirk Copper, Westhaven Gold Report Fresh Assays
Visible gold to the naked eye is rare enough in a drill core that companies usually lead with it. This week one company had it running through more than 35 metres of continuous mineralization, not a single flash in an otherwise ordinary hole. Two copper-and-gold projects further north and further west had their own strong…
