VanGold Mining – More information on the El Cubo Project acquisition and near term production
James Anderson, President and CEO of VanGold Mining (TSX.V:VGLD) joins me to provide on the acquisition of the El Cubo Project from Endeavour Silver. VanGold just raised C$16.95million to complete the acquisition and further advance the Company toward production. James also outlines the production plans with commercial production planned by late Summer.
Please email me with any follow up questions for James. My email is Fleck@kereport.com.
Click here to visit the VanGold website and read over the recent news.
Here is a link to that Treasury Metals PEA. Post-tax $328 Million NPV at $1600 gold and the company is trading at market cap of $90 Million with $1700 gold.
https://treasurymetals.com/news/treasury-metals-files-pea-technical-report-for-gol-122726/
Teuton optionee drills 2.46 m of 2,128.48 g/t AgEq
2021-03-11 11:00 ET – News Release
Mr. Dino Cremonese reports
DRILLING AT DEL NORTE INDICATES 2128.48 G/T AG EQ OVER 2.46M (WITHIN AN INTERVAL GRADING 221.03 G/T AG EQ OVER 34.09M)
Teuton Resources Corp. has received a report from its optionee, Decade Resources, regarding assays and check assays for a further 20 drill holes from the 2020 program on the Del Norte property, located 34 kilometres east of Stewart in British Columbia’s Golden Triangle.
Great Bear drills 15.5 m of 29.17 g/t Au at Dixie
2021-03-11 07:54 ET – News Release
Mr. Chris Taylor reports
GREAT BEAR DRILLS 29.17 G/T GOLD OVER 15.50 M AND 18.08 G/T GOLD OVER 15.80 M FROM BEDROCK SURFACE AT LP FAULT
Great Bear Resources Ltd. has released results from its continuing fully financed $45-million 2021 exploration program at its 100-per-cent-owned flagship Dixie project in the Red Lake district of Ontario.
Great Bear continues to hit pay-dirt, in drill hole after drill hole. That team is nailing it!
Marathon Gold drills 22 m of 6.57 g/t Au at Valentine
2021-03-11 07:35 ET – News Release
Mr. Matt Manson reports
MARATHON GOLD REPORTS FIRST 2021 EXPLORATION DRILL RESULTS FROM THE VALENTINE GOLD PROJECT, NL
Marathon Gold Corp. has released results from the first drill holes completed under the 2021 exploration program at the Valentine gold project, central Newfoundland.
Grid Metals drills 54 m of 1.05 g/t PdEq at East Bull
2021-03-11 07:23 ET – News Release
Mr. Robin Dunbar reports
GRID METALS PROVIDES NEW DRILL RESULTS FROM EAST BULL LAKE AND STRENGTHENS TECHNICAL TEAM
Grid Metals Corp. has released new drilling results for its first three holes from the first quarter 2021 program at its 100-per-cent-owned East Bull Lake palladium property in Ontario.
Nice wide 54 meter intercept of Palladium equivalent material for Grid Metals.
OFF TOPIC:
TREASURY METALS FILES PEA TECHNICAL REPORT FOR GOLIATH GOLD COMPLEX
Treasury Metals Inc. has filed on SEDAR the National Instrument 43-101 preliminary economic assessment (PEA) technical report for the Goliath gold complex, located near Dryden in Northwestern Ontario. The results of the PEA were previously announced in the Company’s news release dated February 2, 2021. A copy of the PEA is also located on the Goliath Gold Complex’s Technical Reports page of the Company’s website.
Highlights of the PEA are (all currencies are reported in Canadian dollars unless otherwise specified):
Low capital intensity project with pre-production capital cost of $233 million and pre-tax payback period of less than 2 years
Robust economics with post-tax $328 million NPV5%; IRR of 30.2% at US$1,600 per ounce of gold
Mine life of 13 years, with average annual gold production during first 9 years of 102,000 ounces and total LOM recovered gold of ~1.1 million ounces.