Other Mining Stocks

Elrac · January 19, 2018, 7:28pm

Inventus Mining Engages STEINERT and WSP

TORONTO, Jan. 18, 2018 (GLOBE NEWSWIRE) – Inventus Mining Corp. (TSX VENTURE:IVS) (“Inventus” or the “Company”) is pleased to announce that it has engaged STEINERT and WSP to help advance the Pardo project to the next phase of development.

“On the heels of a very positive result from our recently completed 1,000 tonne bulk sample at Pardo, we are moving ahead with engineering studies to build on our technical knowledge and test real-world mining equipment in preparation for the next phase of development, which will involve larger scale trial mining,” said Stefan Spears, Chairman and CEO.

STEINERT is a global leader in sorting and separation solutions for the mining industry. The firm has over 125 years of experience, and excels at providing customers with technologically advanced sorting solutions. STEINERT will be evaluating the performance of their state-of-the-art multi-sensor ore sorting machine on material from the Pardo project. The demonstration machine used for testing is located in Kentucky, but similar units may soon be accessible much closer to the project in Sudbury and Timmins. www.steinertglobal.com

WSP is a global engineering firm based in Montral, with over 700 mining specialists worldwide. They offer the mining companies comprehensive solutions at every stage of a mining project development or implementation. WSP will be updating the NI 43-101 Technical Report for the Pardo project (the prior report was prepared for Inventus (Ginguro) by WSP in March 2015). www.wsp-pb.com/en/WSP-Canada/

Anaconda Mining Intersects 34.70 G/T Gold over 3.5 Metres and 24.34 G/T Gold Over 3.8 Metres at Goldboro; Expands Mineralization Beyond Existing Resource

BY Canada NewsWire
— 7:00 AM ET 02/07/2018
TORONTO, Feb. 7, 2018 /CNW/ - Anaconda Mining Inc. (“Anaconda” or the “Company”) is pleased to announce assay results for the first five holes (BR-17-06 to 10) of an ongoing 6,000-metre diamond drilling program at the Company’s Goldboro Project in Nova Scotia (“Goldboro”), the subject of a recent positive PEA announcement (See press release dated January 17, 2018).
Highlights from this drill program include multiple occurrences of visible gold, and assays of high-grade tenor including the following:
34.70 g/t gold over 3.5 metres (82.0 to 85.5 metres) in hole BR-17-09;
24.34 g/t gold over 3.8 metres (389.9 to 393.7 metres) in hole BR-17-06;
9.12 g/t gold over 3.2 metres (293.8 to 2.97 metres) in hole BR-17-08;
31.56 g/t gold over 1.0 metre (259.0 to 260.0 metres) in hole BR-17-08;
59.97 g/t gold over 0.5 metres (272.7 to 273.2 metres) in hole BR-17-06; and
17.68 g/t gold over 0.5 metres (69.6 to 70.1 metres) in hole BR-17-10.
The Company has completed eight diamond (BR-17-06 to 13) drill holes totaling 3,553 metres since the commencement of the drill program in October, 2017. The program focused on a combination of down-plunge exploration and infill drilling on three geological sections of the Goldboro Deposit. Each of the drill holes successfully intersected mineralized zones of both the East Goldbrook (“EG Gold System”) and Boston Richardson (“BR Gold System”) gold systems, as demonstrated on cross section 9150E (Exhibit A and B), reinforcing the potential for down-dip and down-plunge extension of the Goldboro Deposit. Assays for the first five holes (BR-17-06 to 10) include multiple occurrences of visible gold and assays with high-grade tenor. Assays are pending for drill holes BR-17-11 to 13.
“Anaconda continues to achieve successful results at its 100% owned Goldboro Project, following on from the recently announced preliminary economic assessment, which demonstrates a high-grade, long-life project. In our first significant diamond drilling campaign at Goldboro, we’re hitting high-grade intersections and multiple occurrences of visible gold within new areas of drilling down-dip and down-plunge of the known deposit and have extended the plunge of mineralization by as much as 375 metres. With the expansion of mineralization, the Goldboro Deposit is well positioned to grow beyond the current resource, while infill drilling results generate higher confidence in the known mineral resource as well as finding additional mineralized zones not previously modeled.”
~Dustin Angelo, President and CEO

also:

Anaconda Announces Completion of Share Consolidation

TORONTO , Jan. 18, 2018 /CNW/ - Anaconda Mining Inc. (“Anaconda” or the “Company”) (ANX.TO) is pleased to announce that it has completed the previously announced proposed consolidation (the “Share Consolidation”) of its share capital on the basis of four (4) existing common shares for one (1) new common share. As a result of the Share Consolidation, the 423,430,258 common shares issued and outstanding were consolidated to approximately 105,857,564 common shares.

easymillion · February 7, 2018, 10:41pm

Nice move today - Mentioned back in Oct to put on watch list (post #550) …

K92 Achieves Commercial Production at Kainantu Gold Mine

VANCOUVER, British Columbia, Feb. 07, 2018 (GLOBE NEWSWIRE) –

K92 Mining Inc. (“K92”) (TSX-V:KNT) (KNTNF) is pleased to announce it has achieved and declares commercial production effective February 1, 2018 at its Kainantu Gold Mine in Papua New Guinea.

Production for the month of January 2018 exceeded 2,700 ozs gold equivalent (2,500 ozs gold). At this level of production, based on the budgeted monthly operating costs, Total Cash Costs1 for the month of January are expected to be below US$850/oz gold equivalent.

K92 defined commercial production as having commenced stope production underground, achieving a minimum of 60% of designed gold production and a minimum of 90% of designed metal recovery from the process plant over a 30 day period. These metrics were met during the month of January and the company expects them to be maintained going forward and has therefore declared commercial production effective February 1, 2018.

Production levels from Kora North are anticipated to continue building up over the coming months from development and tonnage from the cut and fill stopes, with design levels expected to be achieved during the June 2018 Quarter, when the first long hole stope production commences.

John Lewins, K92 Chief Executive Officer and Director, states, “We are extremely pleased to have reached this very significant milestone of commercial production. That we have achieved this mining the Kora North Lode, eight months after drilling the first discovery hole and just four months after commencing grade control drilling and the treatment of the initial bulk sample is a testament to the professionalism, enthusiasm and ability of the entire team at our Kainantu operation.”

K92 has not based its production decisions on ongoing mine production or mineral reserve estimates or feasibility studies, and historically such projects have increased uncertainty and risk of failure. Mineral resources that are not mineral reserves do not have demonstrated economic viability.On behalf of the company,

John Lewins
Chief Executive Officer and Director

Hurricane_Rick · February 17, 2018, 1:19am

Inventus Update: Ore Sorting at STEINERT

On February 15th the ore sorting was conducted at the STEINERT facility in Kentucky, USA.

This work was initiated as a follow up on previous test work that was very favourable. Initial test work indicated that 65% of the material could be removed as waste. The remaining 35% of the material contained 91% of the gold for an upgrade ratio of 160% (see press release April 5th 2017).

Theoretically, if we had sorted our 1,000-tonne bulk sample with a head grade of 4.2 gpt (see press release January 3rd, 2018) we would have only milled 345 tonnes (35% of 985 tonnes) with a total gold content of 121.7 Troy ounces (91% of 133.8 troy ounces) for a head grade of 10.8 gpt.

The potential to sort the mineralized conglomerate ore at Pardo is a game changer for the project. It would significantly reduce capital costs in a mining scenario and could potentially lower the cutoff grade of a future resource.

Hurricane_Rick · February 17, 2018, 1:33am

This Inventus update is interesting. Their bulk sample program did not come from the higher grade areas of their Pardo claims (something which dismayed me as a shareholder), but it brought in an economical 4.2 gpt grade. However, they did this without any ore separation techniques which means the 4.2 gpt was an inefficient result. By employing ore separation techniques, that boosted the grade by 160%. Their 121.7 oz results from the sample theoretically could have been increased to 353 oz. At $1300/oz, their bulk sample yielded $158,000. However, if they had used ore sorting, that yield would’ve been $459,000…a significant improvement and much more profitable.

Inventus is planning a much larger 10,000 tonne bulk sample program this summer. They are permitted up to 100,000 tonnes. They will be targeting their higher grade zones including the 007 Zone which averaged 36.5 g/t gold over 31 meters. Results from that bulk sample alone, with ore sorting employed, could be the game changer.

Additionally, insiders have been steadily accumulating shares weekly in 10k-20k share clips.

easymillion · February 21, 2018, 11:08pm

FYI
MCEWEN MINING INC. - MUX 10-K posted today:

2017 Operating and Financial Highlights

2017 highlights are included below and discussed further in Consolidated Performance:

·
In 2017, we entered the Canadian mining market after acquiring the Lexam group of properties, located in the Timmins gold district of Canada. Later in the year, we acquired the Black Fox Complex, comprised of the Black Fox underground gold mine, the Black Fox Stock mill, and the Grey Fox and Froome development projects, complementing the Lexam properties and enhancing our positioning in the region.

·
We began construction of the Gold Bar project after receiving the final permitting on November 8, 2017. Commercial production from Gold Bar is expected to be achieved in the first quarter of 2019.

·
We completed a Preliminary Economic Assessment (“PEA”) for the Los Azules Project, estimating an economical project and the opportunity for a sustainable and long-life open pit mine at current copper, gold and silver prices.

·
We completed two financings for total gross proceeds of $56.6 million, primarily for the purpose of funding the acquisition of the Black Fox Complex and finance the 2018 exploration program in Timmins.

·
Our consolidated gold and silver sales were $67.5 million in 2017, comprised of $55.9 million from the sale of 44,490 gold equivalent ounces by our El Gallo 1 mine, and $11.6 million from the sale of 9,422 gold ounces by our Black Fox mine.

·
We realized average prices of $1,255 and $17.40 per ounce of gold and silver, respectively, sold by the El Gallo 1 mine, and an average price of $1,233 per ounce of gold sold by the Black Fox mine.

·
Our consolidated production was 60,973 gold equivalent ounces, comprised of 46,694 gold equivalent ounces produced by the El Gallo 1 mine and 14,279 gold equivalent ounces produced by the Black Fox mine.

·
The San José mine produced 186,443 gold equivalent ounces, comprised of 100,475 ounces of gold and 6,447,657 ounces of silver, on a 100% basis; or 91,357 gold equivalent ounces, represented by 49,233 ounces of gold and 3,159,352 ounces of silver, based on the 49% share attributable to us.
https://backend.otcmarkets.com/otcapi/company/sec-filings/12568927/content/html

also:
McEwen Mining Conference Call Reminder

TORONTO, Feb. 21, 2018 (GLOBE NEWSWIRE) – McEwen Mining Inc. (NYSE:MUX) (TSX:MUX) (“McEwen”) invites you to join our conference call, where management will discuss our 2017 financial results and project developments and follow with a question and answer session. Questions can be asked directly by participants over the telephone or can be emailed in advance to info@mcewenmining.com.

Thursday, Feb 22nd, 2018
11:00 am ET Toll Free US & Canada: (844) 630-9911
Outside US & Canada: (210) 229-8828
Conference ID Number: 2054739
Webcast Link: https://edge.media-server.com/m6/p/vxbqrdga

An archived replay of the webcast will be available for one week after it takes place. Access the replay using the link https://edge.media-server.com/m6/p/vxbqrdga or calling (855) 859-2056 (North America) / (404) 537-3406 (International), Conference ID Number 2054739.

easymillion · February 27, 2018, 6:45pm

Gold falls sharply as FED Chairman Jerome Powell speaks on Capital Hill :

Youch! Many PM mining stocks got clobbered disproportionately!
Are such moves in the price of gold precipitated with the misuse of gold Exchange for Physical (EFP) contracts in the paper market?

cornhuskergold · March 1, 2018, 11:40pm

Starting to see articles like this all over:
https://www.bloomberg.com/professional/blog/commodity-bull-appears-well-rested-rally-vs-stocks-bonds/

Commodities are starting to become the talk just as Masglas puts together its counter-cyclical copper/gold plans with a beginning of a recovery in 2018:

easymillion · March 6, 2018, 6:00am

Rob McEwen from McEwen Mining spoke to INN at PDAC 2018 and talked about Innovation in the mining industry and the future of Gold.

cornhuskergold · March 14, 2018, 1:06pm

World Copper Conference - Apr 9 - 11, Santiago

The optimism in the copper market continues to grow. In the long term it is clear there needs to be more copper mines brought online and Masglas is hoping to take advantage of the expected rebound:

The copper market continues to go from strength to strength. The concentrates market is expected to be in deficit by c600,000 tonnes a year in the near future as supply struggles to keep step with demand. The Copper price has reacted positively on an expectation of tight supply and good Chinese demand. Miners, investors, EPC contractors are prioritising copper in investment decisions. This bullish sentiment will feed directly into the event and we are expecting are extremely large delegation in 2018 to discuss how not to miss the fantastic opportunities that market conditions present.

easymillion · March 19, 2018, 5:53pm

Anyone watching NOVAGOLD (NG) and Donlin project (mentioned early last year)?

With a better understanding of the targeted mineralized zones, the new data will provide valuable inputs to advance optimization work.

… Donlin Gold is expected to be one of the largest pure gold producing mines in the world while being located in one of the safest jurisdictions in the world. In an industry where sizeable high-quality assets are few and far between, and reserves are being depleted faster than they can be replaced, the Donlin Gold project remains a unique value proposition that has been advancing at a steady but sure pace up the value chain. With 39 million ounces of measured and indicated gold resources at an average grade of 2.24 grams per tonne, Donlin Gold is almost four times the size of the peer group average while enjoying nearly double the world average grade.

GlobeNewswire - February 20, 2018

cornhuskergold · March 20, 2018, 11:54pm

Hecla buys Klondex for $468M

Mostly for the Fire Creek gold mine in Nevada:
160KOz of production a year
underground vein mining
450 KOz P&P / 1.1MOz M&I at grades from 10 to 12 g/tonne but big land package and opportunities for exploration success

http://ir.hecla-mining.com/file/Index?KeyFile=392644009

bytal · March 25, 2018, 1:04pm

Interesting that Hecla’s recent acquisitions seems to diversifying into gold after 100 years of predominantly silver production.

belmont134 · March 25, 2018, 11:40pm

I imagine they’re good at both by now.
As a LONG time HL shareholder, I hope it works it.

TheRod · April 4, 2018, 4:36pm

Pretty Impressive Drill Results :

Barkerville drills 9.95 m of 48.17 g/t Au at Cariboo

Island Mountain shaft zone hole IM-17-249 intersected 48.17 g/t Au over 9.95 metres, 45 metres downdip from previous reported hole IM-17-151 which assayed 72.23 g/t Au over 12.05 metres. Valley zone hole CM-17-106 intersected 12.22 g/t Au over 11.40 metres, 40 metres downdip of a modelled vein corridor and 40 metres updip from previously reported hole CM-17-096 which intersected 12.50 g/t Au over 8.00 metres and 11.74 g/t Au over 5.15 metres farther downhole.

Drilling highlights:

IM-17-240: 28.99 grams per tonne gold over 2.70 metres;
IM-17-241: 8.25 g/t Au over 7.50 metres;
IM-17-242: 8.30 g/t Au over 10.75 metres;
IM-17-247: 13.09 g/t Au over 4.25 metres;
IM-17-249: 48.17 g/t Au over 9.95 metres;
IM-17-251: 33.22 g/t Au over 2.50 metres;
IM-17-251: 9.15 g/t Au over 7.05 metres;
CM-17-098: 11.09 g/t Au over 4.90 metres;
CM-17-101: 13.45 g/t Au over 7.80 metres;
CM-17-106: 12.22 g/t Au over 11.40 metres.

Elrac · April 9, 2018, 7:38pm

I see MUX (Rob) is adding to the area around our Black Fox property. http://www.romios.com/s/NewsReleases.asp?ReportID=820251&_Type=Press-Release&_Title=Romios-Signs-Letter-Agreement-With-McEwen-Mining-To-Sell-Timmins-Hislop-Pro… .