Monday, June 25, 2018

Artemis & Novo to plough $5.4m into Pilbara

ASX-listed Artemis Resources and JV partner, Novo Resources NVO.v, will commence a $5.4m exploration program at their shared conglomerate and paleoplacer gold projects near Karratha, in the west Pilbara of W.A. The Artemis-Novo 50/50 JV agreement dates to August last year and provides for Novo to farm into 50% of the gold in conglomerate and/or paleoplacer style mineralization in Artemis’ tenements, which are within 100km of Karratha. The farm-in commitment of A$2m by Novo was met last December, consummating the JV agreement. Artemis reported the progress of its super-deep +3,300 metre diamond hole, 50km south of the company’s Radio Hill processing plant.




Tuesday, June 19, 2018

Medgold Resources Corp - MED.v

Medgold Resources Corp - MED.v is focused on advancing early-stage gold-silver projects in Southern Serbia
On June 11, 2018 the company released NEWS

Medgold Resources Corp. and Fortuna Silver Mines Inc. (TSX: FVI) are pleased to announce initial results from the inaugural drill program at its flagship Tlamino Gold Project in southern Serbia. Assays have been received for the first two holes, and have returned broad intersections of near-surface gold and silver mineralization:
o BAR001: 30.82 m of 2.06 g/t Au and 54.7 g/t Ag from 2.38 m to 33.20 m
o BAR002: 34.65 m of 3.11 g/t Au and 27.5 g/t Ag, from 13.35 m to 48.00 m (including 2.00m of 23.88 g/t Au and 340 g/t Ag)

BAR001 is collared approximately 40 m north of the Barje outcrop (which assayed up to 84 m of 5.6 g/t Au and 105 g/t Ag in surface channel samples; see Company news release of July 18, 2017), and was designed to confirm that mineralization extends in a third dimension along a north-northeast axis from the outcrop. BAR002 is collared 290 m north-northeast of the Barje outcrop and was designed as an up-dip step-out from the outcrop and BAR001. Both drill holes successfully intersected significant near-surface mineralization; a summary of assay results is given in Table 1, and hole locations are given in Table 2. The results to date support Medgold’s interpretation of the Barje mineralization as being associated with a flat- lying regional detachment fault.

Monday, June 18, 2018

Arizona Mining Inc.- AZ.t

Arizona Mining Inc.- AZ.t is focused on the exploration and development of its 80% owned Hermosa Project located in Santa Cruz County, Arizona.
On June 18, 2018 the company released News

South32 Ltd. and Arizona Mining Inc. have entered into an agreement for South32 to acquire the remaining 83 per cent of issued and outstanding shares of Arizona Mining via a plan of arrangement, representing a fully financed, all-cash offer of $1.3-billion (U.S.) ($1.8-billion). The offer price of $6.20 per share represents a 50-per-cent premium to the closing price on June 15 and implies a total equity value for Arizona Mining of $1.6-billion (U.S.) ($2.1-billion). Directors and officers of Arizona Mining who own 34 per cent of the common shares on issue have entered into voting support agreements, and the directors of Arizona Mining entitled to vote have unanimously recommended to their shareholders that they vote in favour of the transaction.

Wednesday, June 13, 2018

Power Ore - PORE.v

Power Ore - PORE.v is advancing two assets: the previously producing Mann silver-cobalt mine, and the MacMurchy nickel property, both located in Cobalt, Ontario.
On June 13, 2018 the company released NEWS

Power Ore is pleased to announce that it has posted its first Investor Webinar on The webinar presents Power Ore’s vision to capitalize on the battery metals sector specific to electric vehicles, via advanced stage cobalt and nickel projects in Canada.

Tuesday, June 12, 2018

Artemis Resources - ARV (ASX)

Artemis’s projects in the Karratha area of northern Western Australia. - click to enlarge -On May 26, 2017 Novo Resources Corp. announced it has entered into a preliminary binding memorandum of agreement to farm-in and joint venture gold rights with Artemis Resources Limited, an ASX-listed mining company. On Jan 5, Artemis announced that it would be seeking a dual listing of the Company’s securities in Canada.
- click to enlarge -Novo 100% controlled and Novo-Artemis farm-in/joint venture holdings in the Karratha region. Novo is the operator of the project.
'Reload' if chart fails to display. See ----->

Thursday, June 7, 2018

Chakana Copper Corp. - PERU

Chakana Copper Corp. - PERU is a minerals exploration company and through its wholly owned Peruvian subsidiary, Chakana Resources S.A.C., is currently advancing the Soledad project near Aija, in the Ancash region of Peru.
On May 28, 2018 the company released NEWS

Chakana Copper drills 119.4 m of 3.86% CuEq at Soledad

Chakana Copper Corp. has released assays from five additional holes in breccia pipe 1 (Bx 1) at its Soledad copper-gold-silver project in central Peru, optioned from Condor Resources Inc. The Soledad project is located 35 kilometres south of the Pierina mine in the prolific Miocene metallogenic belt of Peru. These results are a successful continuation of the drilling program that was initiated Aug. 16, 2017, with the results of the first 36 drill holes released previously (see the company's website). This phase 1 drilling program is continuing with a total of 14,700 metres in 55 holes drilled to date out of an original planned program of 16,660 m and is ahead of schedule and under budget.