‘That’s a Wrap’ By Rod Blake As the brokers, investors, portfolio managers and traders closed down their terminals last Friday afternoon many were stunned how quickly and violently that almost all of the North American markets (equity, commodity and currency) turned negative on word that Iran was about to launch a military advance on Israel. And by the end of the day the only market that was positive was the U.S. dollar – the world’s go to asset in times of potential crisis – as no one wanted to be long over a potentially call to arms weekend. The way I see it – When I was a broker, we called ..read more

Century Lithium Corp. [TSXV-LCE; OTCQX; CYDVF; FSE-C1Z] reported that the Feasibility Study on the company’s Clayton Valley Lithium Project in Nevada, USA, under the direction of Wood PLC and Global Resource Engineering Ltd., is currently under review by the Qualified Persons, and the company anticipates its announcement imminently. To date, the company’s Feasibility Study team has revised and updated estimates for a phased production approach at the project. These revisions also included assessment and evaluation of the economic benefit of sales of the surplus sodium ..read more

European Energy Metals Corp. [TSXV-FIN; FSE-W28] reported that beginning in May, it will begin conducting gold exploration on its Northern Finland portfolio of projects. The company currently holds five individual mineral reservations covering approximately 300,000 ha (3,000 km2) primarily in the Central Lapland Greenstone Belt (CLGB) in Northern Finland. The company also continues to advance its lithium exploration targets on the Nabba and Nabba 2 Exploration Licences recently granted. The Paleo-Proterozoic Greenstone Terrane of Northern Finland is comprised of multiple greenstone belts inclu ..read more

Mundoro Capital Inc. [TSXV-MUN; OTCQB-MUNMF] reported results from the inaugural drilling at the Dos Cabezas project, Cochise County, Arizona. As of April 12, 2024, Mundoro holds 100% of the project. Teo Dechev, CEO and president, commented: “Mundoro is pleased with the initial drilling results from the Dos Cabezas project. The first phase of drilling tested four target areas, with scout drill holes in each target. In two of the target areas: Mineral Park and Mescal Canyon, these holes aimed to investigate the presence of a porphyry system, suggested by surface geochemistry, alteration and vei ..read more

Sanu Gold Corp. [CSE-SANU; OTCQB-SNGCF] reported that drilling has begun at the company’s flagship Bantabaye Project, located on the prolific western margin of the Siguiri Basin of Guinea, West Africa. A reverse circulation (RC) rig is currently operational with a fully funded initial 3,500 metres of drilling underway with 35 holes planned. Highlights – Drilling has Commenced: Three holes have been completed at Target 2 in the vicinity of hole BANT-RC-002 which intersected 11.5 g/t gold over 15 metres. Extensive Drilling Planned: The company has planned an initial 3,500 metres of RC drill ..read more

Bonterra Resources Inc. [BTR-TSXV, BONXF-OTC, 9BR1-FSE] has announced details of a $4 million private placement financing consisting of up to 16 million units priced at 25 cents each. The company said each unit will consist of one common share and one common share purchase warrant. Each warrant will entitle the holder to acquire one share at an exercise price of 31 cents for four years from the date of issuance. The offering is expected to close on May 2, 2023. Proceeds are earmarked for working capital and general corporate purposes. The company also said it has reached an agreement to settle ..read more

Silver Mountain Resources Inc. [AMGR-TSXV] said it has upsized a previously announced public offering of units that is now expected to raise over $9.0 million, up from the earlier $7.0 million target. Proceeds from the sale of units, priced at 11 cents, each are earmarked for development of the company’s Reliquias silver mine in central Peru. Each unit consists of one class A common share and one common share purchase warrant. Each warrant will entitle the holder to acquire an additional common share for 48 months at an exercised price of 13.5 cents. The selling agents have been granted an ove ..read more

Klondike Gold Corp. [TSXV-KG; FSE-LBDP; OTCQB-KDKGF] has outlined the 2024 exploration plan and review exploration potential at the company’s 100%-owned Klondike District Property in the Dawson mining district, Yukon, Canada. Initial drill targets to be focused around recent drill discoveries in the Stander Zone including 90.55 g/t gold (2.91 oz/t Au) over 0.55 metres among others. Peter Tallman, President and CEO stated, “Following from extremely promising 2023 gold discoveries, the company in 2024 is positioned to deliver significant additional results to our shareholders in a favorable gold ..read more

Arizona Metals Corp. (TSX: AMC) (OTCQX: AZMCF) (the “Company” or “Arizona Metals”) is pleased to announce the latest drill results from the Kay Mine Project (“Kay” or the “Property”) in Arizona. Eleven new drill holes at the Kay Mine Deposit (the “Kay Deposit”) continue to demonstrate the continuity and expansion potential of the deposit. Three holes on the southern edge of the deposit have encountered zones of high-grade copper-rich (holes KM-24-143 and KM-24-139) and gold-rich (hole KM-24-137) mineralization that are open for expansion. Highlights of the recent drilling include: Hole K ..read more

Nevgold Inc. [NAU-TSXV, NAUFF-OTC QX, 5E50-Frankfurt] said it has identified significant copper porphyry potential after completing a geological review and 3-D model of its newly staked Zeus project in southwestern Idaho. Nevgold shares advanced on the news, rising 7.6% or $0.035 to 49.5 cents. The shares currently trade in a 52-week range of 50 cents and 24 cents. The announcement comes after Nevgold recently staked a large property position that lies contiguous to a major new copper porphyry discovery reported by Hercules Silver Corp. [BIG-TSXV, BADEF-OTCQB, 8Q7-FWB] in Western Idaho. Nevgol ..read more