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Last Week’s TSX/V Notable Mining Stocks

Canadian National Railway Company (T.CNR) hit a new 52-week high of $17.78 on Tuesday. Long-term shareholder TCI Fund Management Limited announces it has…

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Canadian National Railway Company (T.CNR) hit a new 52-week high of $17.78 on Tuesday. Long-term shareholder TCI Fund Management Limited announces it has retained Kingsdale Advisors, North America’s leading strategic shareholder advisory and communications firm, to act as its strategic advisor and engage with Canadian National Railway’s shareholders to achieve TCI’s objectives of halting CN’s pursuit of Kansas City Southern and upgrading the board of directors who, among other things, will have a mandate to identify and appoint a new CEO.

 

BRP Inc. (T.DOO) hit a new 52-week high of $126.17 on Tuesday. No news stories available today. The stock has jumped by nearly 18% in the last couple of sessions. These gains in DOO stock came after the company crushed Street analysts’ earnings estimates for Q2 on September 2. With this, the stock has risen by about 50% in 2021 so far.

 

Enbridge Inc. (T.ENB) hit a new 52-week high of $50.47 on Tuesday. Liquids terminaling and logistics company Moda Midstream, LLC and Moda’s financial sponsor EnCap Flatrock Midstream today announced they have entered into a definitive agreement to sell the Moda Ingleside Energy Center and other Moda assets to Enbridge Inc. for an enterprise value, net of working capital and cash, of approximately $3 billion, subject to closing adjustments.

 

Fission Uranium Corp. (T.FCU) hit a new 52-week high of 84 cents on Tuesday. Fission announced scintilometer results from the summer 2021 “metallurgical & geotechnical testwork” drilling on the R840W zone at its’ PLS project, in the Athabasca Basin region of Saskatchewan. Four metallurgical holes and three geotechnical holes were completed as part of the Phase 1 feasibility study field work (see News Release June 10 , 2021). All seven holes intersected mineralization with all four metallurgical and two geotechnical holes intersecting wide intervals of strong mineralization.

 

Golden Valley Mines and Royalties Ltd. (V.GZZ) hit a new 52-week high of $9.40 on Tuesday. Gold Royalty, Abitibi Royalties Inc. and Golden Valley Mines and Royalties Ltd. have entered into definitive agreements (the ” Agreements “) dated September 6, pursuant to which Gold Royalty will acquire all of the issued and outstanding common shares of each of Abitibi Royalties and Golden Valley by way of statutory plans of arrangement.

 

Lightspeed Commerce Inc. (T.LSPD) hit a new 52-week high of $148.86 on Tuesday. Fobi AI Inc. announced a data aggregation and analytics partnership with Lightspeed Commerce Inc., the one-stop commerce platform for merchants around the world to simplify, scale and create exceptional customer experiences.

 

Puma Exploration Inc. (V.PUMA) hit a new 52-week high of 56 cents on Tuesday. Puma announced that all matters submitted to shareholders for approval as set out in the Company’s Circular dated July 21, 2021, were approved at the Annual and Special Meeting of Shareholders held virtually from Rimouski on August 31, 2021.

 

Aecon Group Inc. (T.ARE) hit a new 52-week high of $21.95 on Tuesday. No news stories available today.

 

Bombardier Inc. (T.BBD.B) hit a new 52-week high of $1.95 on Tuesday. No news stories available today.

 

Bird Construction Inc. (T.BDT) hit a new 52-week high of $10.38 on Tuesday. No news stories available today.

 

Birchcliff Energy Ltd. (T.BIR) hit a new 52-week high of $6.08 on Tuesday. No news stories available today.

 

Cameco Corporation (T.CCO) hit a new 52-week high of $28.01 on Tuesday. No news stories available today.

 

Choice Properties REIT (T.CHP.UN) hit a new 52-week high of $15.08 on Tuesday. No news stories available today.

 

CT REIT (T.CRT.UN) hit a new 52-week high of $158.30 on Tuesday. No news stories available today.

 

Corsa Coal Corp. (V.CSO) hit a new 52-week high of 59 cents on Tuesday. No news stories available today.

 

Converge Technology Solutions Corp. (T.CTS) hit a new 52-week high of $13.00 on Tuesday. No news stories available today.

 

Docebo Inc. (T.DCBO) hit a new 52-week high of $110.39 on Tuesday. No news stories available today.

 

Dream Industrial REIT (T.DIR.UN) hit a new 52-week high of $16.65 on Tuesday. No news stories available today.

 

Medical Facilities Corporation (T.DR) hit a new 52-week high of $10.09 on Tuesday. No news stories available today.

 

Firm Capital Property Trust (V.FCD.UN) hit a new 52-week high of $7.43 on Tuesday. No news stories available today.

 

Forum Energy Metals Corp. (V.FMC) hit a new 52-week high of 49 cents on Tuesday. No news stories available today.

 

Global Atomic Corporation (T.GLO) hit a new 52-week high of $4.07 on Tuesday. No news stories available today.

 

NanoXplore Inc. (T.GRA) hit a new 52-week high of $6.75 on Tuesday. No news stories available today.

 

Gensource Potash Corporation (V.GSP) hit a new 52-week high of 29 cents on Tuesday. No news stories available today.

 

goeasy Ltd. (T.GSY) hit a new 52-week high of $204.60 on Tuesday. No news stories available today.

 

Getchell Gold Corp. (C.GTCH) hit a new 52-week high of 75 cents on Tuesday. No news stories available today.

 

Heroux-Devtek Inc. (T.HRX) hit a new 52-week high of $19.40 on Tuesday. No news stories available today.

 

IGM Financial Inc. (T.IGM) hit a new 52-week high of $47.15 on Tuesday. No news stories available today.

 

InnoCan Pharma Corporation (C.INNO) hit a new 52-week high of 73 cents on Tuesday. No news stories available today.

 

Jazz Resources Inc. (V.JZR) hit a new 52-week high of 57 cents on Tuesday. No news stories available today.

 

Kelt Exploration Ltd. (T.KEL) hit a new 52-week high of $3.67 on Tuesday. No news stories available today.

 

Kiplin Metals Inc. (V.KIP) hit a new 52-week high of 88 cents on Tuesday. No news stories available today.

 

Killam Apartment REIT (T.KMP.UN) hit a new 52-week high of $21.56 on Tuesday. No news stories available today.

 

Laramide Resources Ltd. (T.LAM) hit a new 52-week high of 73 cents on Tuesday. No news stories available today.

 

Mega Uranium Ltd. (T.MGA) hit a new 52-week high of 34 cents on Tuesday. No news stories available today.

 

MCAN Mortgage Corporation (T.MKP) hit a new 52-week high of $18.94 on Tuesday. No news stories available today.

 

Morien Resources Corp. (V.MOX) hit a new 52-week high of 35 cents on Tuesday. No news stories available today.

 

Noront Resources Ltd. (V.NOT) hit a new 52-week high of 80 cents on Tuesday. No news stories available today.

 

Premium Brands Holdings Corporation (T.PBH) hit a new 52-week high of $134.91 on Tuesday. No news stories available today.

 

PEZM Gold Inc. (V.PEZM.H) hit a new 52-week high of 64 cents on Tuesday. No news stories available today.

 

Peak Fintech Group Inc Com (PKK hit a new 52-week high of $13.71 on Tuesday. No news stories available today.

 

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Precious Metals

O3 Mining Intersects 12.0 g/t Gold Over 8.3 Metres

O3 Mining (TSXV: OIII) this morning provided the latest assay results from its ongoing drill programs in the Val-d’Or region
The post O3 Mining Intersects…

O3 Mining (TSXV: OIII) this morning provided the latest assay results from its ongoing drill programs in the Val-d’Or region of Quebec. The latest results come from three drill holes at the Kappa Zone of its Alpha Project.

Highlights from the drill program include:

  • O3AL-21-380: 12.4 g/t gold over 1.9 metres
  • O3AL-21-388: 12.0 g/t gold over 8.3 metres, 35.9 g/t gold over 1.1 metres
  • O3AL-21-391: 28.1 g/t gold over 0.9 metres

The firm is currently focused on increasing its resource estimate for the Kappa Zone, due to the proximity of a 1,600 tpd mill that the firm acquired an option to purchase in 2020 from GMX Gold. A 6,000 metre drill program is currently focused on the zone.

Elsewhere, the company this morning provided an update for its current drill plans for both its Alpha and Marban properties in the region. Between the two properties, a total of 73,000 metres in aggregate are planned for the winter drill season.

A total of 33,000 metres of drilling are planned for Alpha currently, with the remainder to be focused at the Bulldog deposit and Omega sector where the firm is also looking to expand known mineralization.

Marban meanwhile has 40,000 metres planned across the project, where the firm is focused on the completion of a pre feasibility study for certain deposits on the property, while greenfield exploration is planned for the remainder of the property. Marban is currently planned to enter production by 2026.

O3 Mining last traded at $2.03 on the TSX Venture.


Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post O3 Mining Intersects 12.0 g/t Gold Over 8.3 Metres appeared first on the deep dive.


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Canada Silver Cobalt Intersects High-Grade Silver up to 6,188.43 g/t Ag with a Gold Equivalent of 74.67 g/t Au at Castle East

Excellent intercepts from the Big Silver Zone will contribute significantly to the upcoming resource update.

Coquitlam, BC – TheNewswire – January…

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Excellent intercepts from the Big Silver Zone will contribute significantly to the upcoming resource update.

Coquitlam, BC – TheNewswire – January 24, 2022 – Canada Silver Cobalt Works Inc. (TSXV:CCW) (OTC:CCWOF) (Frankfurt:4T9B) (the “Company” or “Canada Silver Cobalt”) is pleased to announce a continued expansion of its silver deposit at Castle East with excellent intercepts from the Big Silver Zone containing high-grade silver and cobalt grades. The drill results will be included in the planned resource update expected by the end of Q1 2022.

Drilling Highlights:

  • Big Silver intercept grading 6,188.43 grams per tonne (g/t) silver and 0.35% cobalt over 0.50m in hole CS-21-47 located 16m downdip from Big Silver’s discovery hole CS-20-39 that graded 89,853.00 g/t silver (See press release January 29, 2021).  

  • A second Big Silver intercept grading 2,509.41 g/t silver and 0.10% cobalt over 0.50m in hole CS-21-73, that is located an additional 20m downdip from the intercept in CS-21-47 noted above.  

Matt Halliday, President and Chief Operating Officer, commented: “Big Silver is living up to its name with the latest intercept of 6,188 g/t silver which has a gold equivalent of 74.67 g/t. We are especially encouraged by the 36m of total downdip extension; this type of continued expansion will be very important for our next resource update. In addition, we can’t wait to explore these structures further from underground after a ramp is constructed.”

The upcoming resource update will include Big Silver and several other high-grade veins intersected at the Castle East deposit during the 53,000 meters of drilling conducted since the last resource estimate was published in May 2020.

The Company is also well-advanced in the process of obtaining permits for a ramp down to the high-grade deposit in order to conduct underground exploration to further expand the deposit and also to access high-grade bulk samples that it can process into silver dore bars at its TTL bulk processing facility in nearby Cobalt, Ontario.  Discussions with the provincial government are underway, and baseline environmental studies are expected to be completed by mid-year with the permit application filed soon after.

Table 1: Sample Details

Hole ID

Zone

From (m)

To (m)

Length (m)

Ag (g/tonne)

AuEq (g/tonne)

Co (%)

CS-21-47

Big Silver

526.90

527.40

0.50

6188.43

74.67

0.35

CS-21-47

Big Silver

527.40

528.40

1.00

1076.08

12.98

<0.01

CS-21-73

Big Silver

512.50

513.00

0.50

2509.41

30.28

0.10

Note: Gold equivalent (AuEq) is based on USD $24.45 oz/ton Ag and USD $1,838.33 oz/ton Au calculated Jan. 20, 2022.

 

Ongoing drilling in the Castle East area is geared toward expanding the existing resource panels outlined in the Company’s maiden Resource Estimate reported in a news release May 28, 2020.  The resource estimate was the first ever in the Greater Cobalt Camp and identified zones 1A and 1B of the Robinson Zone with an average silver grade of 8,582 g/t (250 oz/ton) in a combined 27,400 tonnes of material for a total of 7.56 million Inferred ounces of silver using a cut-off grade of 258 g/t AgEq (mineral resources that are not mineral reserves do not have demonstrated economic viability). Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020 and a signature date of July 13, 2020.

Location

The Castle Property is located near the town of Gowganda and is located 80km W-NW of Temiskaming Shores, Ontario, Canada. It is also 15 km east of Aris Gold Corp’s Juby Gold deposit, 30 km due south of Alamos Gold’s Young-Davidson mine, 75 km southwest of Kirkland Lake Gold’s Macassa Complex, and 100 km southeast of new gold discoveries in the Timmins West area.  

Qualified Person

The technical information in this news release was prepared under the supervision of Mr. Matthew Halliday, P.Geo., (PGO), President, COO and VP Exploration of Canada Silver Cobalt Works Inc., a qualified person in accordance with National Instrument 43-101.

About Canada Silver Cobalt Works Inc.

Canada Silver Cobalt Works Inc. recently discovered a major high-grade silver vein system at Castle East located 1.5 km from its 100%-owned, past-producing Castle Mine near Gowganda in the prolific and world-class silver-cobalt mining district of Northern Ontario. This discovery has the highest silver resource grade in the world, with recent drill intercepts of up to 89,853 grams/tonne silver (2,621 oz/ton Ag). A drill program is underway to expand the size of the deposit with an update to the resource estimate scheduled for Q1 2022.

In May 2020, based on a small initial drill program, the Company published the region’s first 43-101 resource estimate that contained a total of 7.56 million ounces of silver in Inferred resources, comprising very high-grade silver (8,582 grams per tonne un-cut or 250.2 oz/ton) in 27,400 tonnes of material from two sections (1A and 1B) of the Castle East Robinson Zone, beginning at a vertical depth of approximately 400 meters. Note that mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to Canada Silver Cobalt Works Press Release May 28, 2020, for the resource estimate. Report reference: Rachidi, M. 2020, NI 43-101 Technical Report Mineral Resource Estimate for Castle East, Robinson Zone, Ontario, Canada, with an effective date of May 28, 2020, and a signature date of July 13, 2020.

CCW also has 39,017.96 hectares of electric vehicle (EV) battery metals exploration properties (containing nickel, copper and cobalt) with 15 properties in Quebec and 1 in Northern Ontario. Exploration is underway at the Graal massive sulphide formation in Northern Quebec. Drill core has been encouraging with initial XRF results up to 2.79% nickel and 25.68% copper in hole NRC 21 03; lab results are still pending.

Canada Silver Cobalt’s flagship silver-cobalt Castle mine and 78 sq. km Castle Property feature strong exploration upside for silver, cobalt, nickel, gold, and copper. With underground access at the fully owned Castle Mine, an exceptional high-grade silver discovery at Castle East, a pilot plant to produce cobalt-rich gravity concentrates on site, a bulk processing facility (TTL Laboratories) in the town of Cobalt, and a proprietary hydrometallurgical process known as Re-2Ox (for the creation of technical-grade cobalt sulphate as well as nickel-manganese-cobalt (NMC) formulations), Canada Silver Cobalt is strategically positioned to become a Canadian leader in the silver and battery metals. More information at www.canadasilvercobaltworks.com.

“Frank J. Basa”

Frank J. Basa, P. Eng.

Chief Executive Officer

For further information, contact:

Frank J. Basa, P.Eng.

Chief Executive Officer

416-625-2342

Neither the TSX Venture Exchange nor its Regulation Service Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Caution Regarding Forward-Looking Statements

This news release may contain forward-looking statements which include, but are not limited to, comments regarding the Offering and comments that involve other future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address the Offering, resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, future financings, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. No assurance can be given that the Offering will close on the terms and conditions set out in this news release or at all. General business conditions are factors that could cause actual results to vary materially from forward-looking statements. A detailed discussion of the risk factors encountered by Canada Silver Cobalt is available in the Company’s Annual Information Form dated July 19, 2021 for the fiscal year ended December 31, 2020 available under the Company’s profile on SEDAR at www.sedar.com.

Copyright (c) 2022 TheNewswire – All rights reserved.

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Far East just doubled the strike length at Woyla with some better-than-bonanza grade gold potential

Far East Gold has high hopes for its Woyla copper-gold project in Indonesia, which has just returned bonanza grade gold … Read More
The post Far East…

Far East Gold has high hopes for its Woyla copper-gold project in Indonesia, which has just returned bonanza grade gold assays and nearly doubled its strike length ahead of the company’s $12m IPO next month.

Rock samples delivered grades of up to 119 grams per tonne (g/t). That’s well above the 20-30 g/t required to meet bonanza grade.

Far East Gold (ASX:FEG) says it’s nearly doubled the strike length of 10.4 kilometres since earlier exploration work last year, suggesting there’s “even more potential for significant gold resources”.

“These factors brand the Woyla tenement as a potential Tier 1 gold project – along the lines of Newcrest’s (ASX:NCM) Gosowong project, which yielded more than six million ounces of gold,” chairman Paul Walker said.

“With the results from December’s exploration work, we have confirmed our focus on an initial drill program, which could begin as early as the first half of this year.”

The company has six advanced projects – three in Indonesia and three in Australia – spanning more than 45,000 hectares and with multiple walk-up drill targets.

Walker, Werner and Menere – an Indo-experienced dream team

FEG says its Indonesian prospects represent potential in its underexplored mineral resources and cost-efficient operations – particularly considering the management team has extensive on-ground operational expertise and mining experience in the country.

Walker has 30 years’ experience in international business, capital raising, and resource projects, non-executive director Justin Werner is a 20-year mining veteran and managing director of ~$4 billion company Nickel Mines, and CEO Shane Menere is an expert in leading major projects from exploration to operation.

In August 2021, FEG successfully applied to change the forestry designation of 7665 hectares of land in Indonesia’s Woyla area – opening the path for the first-ever drilling/advanced exploration activities and future operations to occur on this project.

Then there’s Indonesia’s Wonogiri tenement, which has a JORC 2012 resource estimate of 996,500 ounces of gold and 190 million pounds of copper.

The leadership team holds a strong ~39% skin-in-the-game – with the company having secured rights to acquire between 80-100% economic interest in the projects.

Aussie projects ‘highly prospective’

The company’s three Australian projects are in Queensland’s Drummond Basin and Connors Arc areas, which are highly prospective for epithermal gold and copper gold porphyry deposits and are near world-class operational mine sites.

The Drummond Basin has historically produced more than 4.5 million ounces of gold with a total known gold endowment in excess of 7.5 million ounces of gold.

And both the Drummond Basin and Connors Arc have proven to be fertile ground for the discovery of epithermal and intrusive related gold systems.

The company’s projects span the Sunda Magmatic Arc in Indonesia and the Drummond Basin and Connors Arc in Australia

 

Gold still a safe haven for investors

Walker says gold has performed well over the past year and a half and has “maintained its long-standing reputation as a ‘safe haven’ for investors in times of market uncertainty.”

“In the face of rising inflation, and corresponding interest rates, investing in gold stocks has proven to be an effective hedge and portfolio de-risker,” he said.

“The market for gold is expected to grow to $249.6 billion by 2026, exhibiting a compound annual growth rate (CAGR) of 3.1% between 2021 and 2026.

“Copper has also demonstrated impressive gains in the past year, with its prices breaching all-time highs. Post-COVID fiscal stimulus and green energy transition acted as the major contributors to copper’s demand.”

Add to this, ongoing supply challenges which are expected to support the red metal’s price well into the years ahead, while the global copper market is tipped to hit US$310 billion by 2026, exhibiting a CAGR of 5.1% between 2021 and 2026.

This article was developed in collaboration with Far East Gold Limited, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.

The post Far East just doubled the strike length at Woyla with some better-than-bonanza grade gold potential appeared first on Stockhead.



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