NexGen Energy (TSXV:NXE), a uranium exploration company focused on Saskatchewan’s Athabasca Basin, provided an update on their first 8 holes of drilling at Rook I, which is immediately adjacent to and along strike to Fission / Alpha’s Patterson Lake South discovery. Read: NexGen Energy Ltd: Rook 1 Drilling Update. The news release suggested NexGen had encountered the… Continue Reading

The market has, so far, shrugged off more impressive drill results from Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) this morning (FCU up $0.01).  Is there such a thing as ‘discovery fatigue’?  The company’s released assays from two holes from the Western and Eastern regions of the R390E zone at their PLS deposit. The highlights include… Continue Reading

In the current squeeze on the junior sector, much has been said about the challenges in raising money and the impact of lower precious metals prices on the cash costs and feasibility of future projects. However, in these tough markets, another metric that investors should pay close attention to is the General and Administration (G&A)… Continue Reading

“I prefer to look at it this way: They invested $541 million dollars. We did a $550 million financing, we didn’t issue any stock, and we own 100% of the project, which gives us a lot of optionality.”

This morning graphite developer, Mason Graphite (LLG:TSXV) announced some surprising results which are not likely to be picked up by the markets.  The company received results from the preliminary purification of the graphitic carbon concentrates from the company’s Lac Gueret project located in Quebec.  Using conventional hydrometallurgical processes, in lock cycle tests, the company received… Continue Reading

Simon Ridgway’s Cordoba Minerals (TSXV:CDB), which is in the process of amalgamating with Ari Sussman’s Sabre Metals, has completed an initial 4 hole, ~575 meter drill program at its San Matias property in Colombia, targeting high grade copper gold porphyry style mineralization, with assays expected in late October. Cordoba’s results are being closely followed by… Continue Reading

This morning, Patterson Lake South Joint-Venture partners Alpha Minerals (AMW:TSXV) and Fission Uranium (FCU:TSXV) announced they had potentially found a fifth high-grade uranium zone as part of their 2013 drill campaign.  The most recent hole, PLS13-098, intersected 76m of total composite mineralization within a total 107.5m section (to vertical depth of 317m).  This adds to… Continue Reading

Of the 2000 junior resource companies we track, very few have the strength of Continental Gold Corp. It has over $130 million in the bank, analysts believe its 5.5 million ounce Buriticá high-grade gold deposit in Colombia will become a cash cow, its technical and management teams are well-experienced, and when the deposit gets permitted… Continue Reading

NOT COLARADO — Better than gold? Maybe. The Precious Metals Summit webcast is in gear. This is the Colorado conference that precedes the Denver Gold Group gathering, a larger-company show that starts Sunday evening. The video quality at Precious Metals Summit is good, and the display for about 60-plus companies is indexed accordingly by time slot… Continue Reading

THE CALANDRA REPORT: Subscribe $91 yearly ELKO, Nevada — Last week, in a presentation panel in Toronto, I told an audience of 200 that Gold Standard Ventures’ (GSV in Canada and USA) Dave Mathewson and another Nevada stalwart, geologist Roger Steininger at NuLegacy Gold (NUG in Canada), were of a type: good old Nevada boys… Continue Reading

NGEx Resources (NGQ:TSX) released an updated resource estimate for its Los Helados copper-gold porphyry project.  The project is a large, low-grade, bulk tonnage copper-gold porphyry system located on a contiguous land package that the company holds in Chile’s Region III.  The company completed an additional 32 holes and over 32,200m which was completed earlier this… Continue Reading

Continental Gold Corp (TSX:CNL) is one of the strongest of the Toronto-based gold juniors (off the top of my head: 5+ million ozs high grade gold inferred at their flagship Buritica project in Colombia, expectation for resource growth, especially at depth, $550+ million market cap, $130 million in cash). Continental expects to file for their… Continue Reading

Read Eagle’s PEA is out, implying a NPV of $153 million. Here are some highlights: — Assuming a long-term forecast gold price of $1,300/ounce gold (“Base Case”) pre-tax Net Present Value (5%) is $153 million, Internal Rate of Return is 47% and payback is estimated at 1.4 years; — Underground resources outlined in the PEA… Continue Reading

Source: Karen Roche of The Gold Report  (9/18/13) Many mining companies find themselves in a high-grading dilemma, according to Brent Cook, publisher of Exploration Insights. As companies deplete higher grade reserves, they have to acquire new deposits. But unless you are a geologist, don’t look to NI 43-101s to always give you reliable information about the quality of a… Continue Reading

Here is an 11 minute interview with Pat Di Capo, CEO of Power One Capital Markets. Pat is a beast. He structures and buys big positions in junior resource deals such as Continental Gold, Dalradian Resources, Aurelian Resources, Petrolifera, Ryan Gold, and countless others. Pat has raised over $1.75 billion dollars for private and public… Continue Reading