|Top-News of the Week:
EnWave gets foot into the door at Costco
Sensational News for EnWave! The company announced a couple of days ago, that NutraDried LLP, a 51% owned subsidiary of the Company, has secured a trial rotation of its Moon Cheese® snack product into the Midwest division of Costco Wholesale Corporation in the United States of America. This product rotation opportunity will launch a new ten-ounce package format of the all-natural cheese snack product in December 2017. This trial launch of Moon Cheese® is a significant positive development and revenue opportunity for NutraDried, but does not guarantee any long-term distribution in Costco.
That is a huge chance for EnWave, as Costco is one of the largest wholesale chains in the US.
News: EnWave Announces Trial Launch of Moon Cheese into American Costco Division and Improvement of NutraDried LLP Operations
Video: EnWave: Expanding Business To Marihuana Producers
Gold price burdened by speculations on Fed-succession
The gold price is in rollercoaster mode. After a relatively harsh price decrease down to US$1,261 on October, the 6th
and a meanwhile three-week-high on October, the 16th
, it went back into reverse. There are only sparely geopolitical issues, affecting the gold price now. Therefore, the Fed action and the succession of Fed boss Janet Yellen is coming more and more into the speculators’ view. US-president Trump seems to favor well-respected economist John Taylor from Stanford university, which is known as a representative of rising interest rates. In his opinion, the US interest rates should already stand above one percent. But with respect to a positive development of the gold price, too fast and larger interest risings are poison. On the chart-technical front, the strong support at US$1,265 has to hold, otherwise a massive sale to the US$1,225-level is threatening.
Video: Copper, Zinc, Gold And Silver: Major Breakouts?
US Gold expands gold project in Nevada
US Gold plans additional drill program after receiving top-class results
TerraX Minerals announces top-class drill-results!
As US Gold announces a couple of days ago, the company plans to start another drilling program to be conducted on the Keystone and Gold Bar North projects. This program will be comprised of nine to ten holes, approximately a total of 15,000 feet (4,500 meters), and will be conducted under four separate BLM-approved Notices of Intent (NOIs). U.S. Gold Corp. continues to move forward with a project-wide Environmental Assessment (EA) for an expanded 2018 drilling program. U.S. Gold Corp. controls 100% of the Keystone District.
News: Following Encouraging Drill Results, U.S. Gold Corp. Plans Additional Autumn Drill Program on the Keystone Project in Nevada
Sierra Metals expands resource base at Yauricocha
A couple of days ago, TerraX Minerals reported assay results from a new zone of high-grade gold mineralization identified during a property wide exploration program that is ongoing at its 418-square km Yellowknife City Gold Project. Assay results are from the new Screamer Island target, 3.5km to the south of Sam Otto which included 27.9 g/t Au, 4.46 g/t Au, 4.15 g/t Au and 3.95 g/t Au in representative rock samples from wide zones of outcropping mineralization, with an additional five samples grading greater than 1 g/t Au. These results more than quadruple the strike length of the company’s Sam Otto target which is now over 5km.
News: TerraX samples up to 27.9 g/t Au from new zone at Screamer Island
A short time ago, Sierra Metals updated its Mineral Resource Estimate at the Company’s Yauricocha Mine, located in Yauyos Province, Peru.
Sierra Metals announces MoU with Chinese Copper Major
- Total Measured and Indicated Contained Metal has significantly increased by 72% silver, 128% copper, 74% zinc, 64% lead and 61% gold
- Total Inferred Contained Metal has significantly increased by 55% silver, 59% copper, 105% zinc, 42% lead and 83% gold
- Mineral Resources for Yauricocha are 13,206,000 tons averaging 62.3 g/t silver, 1.5% copper, 0.9% lead, 2.8% zinc and 0.6 g/t gold representing a 68% increase from the previous resource tonnage estimate
- Total Inferred Mineral Resources for Yauricocha are 6,632,000 tons averaging 43.0 g/t silver, 1.2% copper, 0.5% lead, 2.2% zinc and 0.5 g/t gold representing a 77% increase from the previous resource tonnage estimate
- Increases to copper grade reflect the discovery and delineation of new Cu-rich zones in Cuye, Mascota, and Esperanza and a 14% increase in Copper Price assumptions
Sierra Metals announces quarterly results
A couple of days ago, Sierra Metals announced the signing of a Memorandum of Understanding with Jinchuan Group Co Ltd. The MOU formalizes the intentions of the parties in respect of their cooperation focused on the Jinchuan's Bahuerachi copper mining project’s development in Chihuahua, Mexico. The Bahuerachi project concessions are adjacent to Sierra Metals' Bolivar copper mine concessions.
News: Sierra Metals Announces Memorandum of Understanding with Jinchuan Group Co., Ltd, in Mexico
Sibanye-Stillwater announces production start at Blitz Project
Sierra Metals recently reported third quarter 2017 production results featuring the highest quarter of throughput and second highest quarter of metal production to date from the Yauricocha Mine. During the third quarter of 2017, consolidated metal production decreased 8% compared to Q3 2016. The decrease in metal production was due to lower production in Mexico which was partially offset by record throughput in Peru. The temporary decline in production in Mexico was mainly due to the implementation of a new plan to improve operational performance and produce profitable silver ounces at Cusi and improve efficiencies at the Bolivar copper mine. Like the successful program at Yauricocha in Peru, the Company has engaged in an operation turnaround program in Mexico to modernize operations, improve production and lower costs. The company expects to see the results from this program become more apparent in the latter part of 2017 and early 2018.
News: Sierra Metals reports third quarter 2017 production results
Large shareholder increases Sibanye-Stillwater share package
A few days ago, Sibanye-Stillwater announced, that on Friday 29 September 2017, it commenced with production from the Blitz project, at Sibanye-Stillwater's operations in Montana, in the United States of America. Approximately 1,360 tons of ore that was excavated during development and stockpiled on surface, will now be processed. Based on muck sampling along the entire 115-ft of ore width intersected within the stope block, this initial cut delivered ore with an estimated average 2E grade of 1.15 oz/ton (39 g/ton).
News: Sibanye-Stillwater announces first production from the Blitz project in the US
Ascendant Resources reports high-grade zinc-interceptions
Caledonia Mining reports production record!
Sibanye-Stillwater recently informed its shareholder, that Investec Limited has, in aggregate, acquired an interest in the ordinary shares of the Company, such that the total interest held by Investec Limited amounts to 5.1395% of the total issued shares of the Company.
News: Notification of an acquisition of beneficial interest in securities
Alabama Graphite announces LOI to supply battery-ready graphite products
A couple of days ago, Caledonia Mining announced a record quarterly gold production from the Blanket Mine in Zimbabwe for the quarter ended September 30, 2017.
Approximately 14,389 ounces of gold were produced during the Quarter, which was 15 per cent more than during the previous quarter (Q2 2017) and 7 per cent higher than the corresponding quarter of 2016 (Q3 2016). The improvement in production in the third quarter is expected to continue into the fourth quarter.
News: Record Gold Production in Q3 2017
Video: Caledonia Mining: Rising Dividends After Finishing Blanket Mine Upgrade
Endeavour Silver produces more than 2 million ounces of silver equivalent in Q3
A couple of days ago, Endeavour Silver reported its production results for the Third Quarter, 2017 from the Company’s three silver-gold mines in Mexico: the Guanaceví mine in Durango State and the Bolañitos and El Cubo mines in Guanajuato State. Silver production in the Third Quarter, 2017 was 1,262,064 ounces and gold production was 13,648 ounces resulting in silver equivalent production of 2.2 million ounces using a 70:1 silver:gold ratio.
News: Endeavour Silver Produces 1,262,064 oz Silver and 13,648 oz Gold (2.2 Million oz Silver Equivalents) in the Third Quarter, 2017
Osisko Gold Royalties buys 9% of al Dalradian shares
Osisko Gold Royalties recently announced, that it has entered into an agreement with Dalradian Resources Inc. pursuant to which the Company has agreed to purchase 19,217,687 common shares of Dalradian at $1.47 per common share for a total investment of CA$28.3 million. In addition, the Company plans to exercise 6.25 million warrants at $1.04 per warrant, bringing the total investment to approximately CA$34.8 million.
Dalradian owns he Curraghinalt gold project, which is one of the world’s top undeveloped gold projects in a new emerging gold camp. Upon closing of the Private Placement and subsequent warrant exercise, Osisko will own approximately 9.1% of Dalradian’s issued and outstanding common shares.
News: Osisko Private Placement & Warrant Exercise with Dalradian
Rye Patch Gold increases gold production
Rye Patch Gold recently reported its production results for the third quarter of 2017 (Q3) at the Company’s flagship Florida Canyon mine in the state of Nevada.
Production Highlights for Q3 (compared to Q2, 2017) were:
- Gold production increased 13 percent to 7,982 ounces;
- Gold sent to pad increased by 45 percent, averaging 7,125 ozs per month;
- Ore tons mined increased by 57 percent for the quarter, averaging over 810,000 tons per month (tpm);
- Gold grade increased by 10 percent to 0.011 ounces per ton
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