TriStar Gold – An updated resource of 2.2 million oz, a PFS coming this summer, and over 20,000 meters of drilling ongoing
Nick Appleyard, President and CEO of TriStar Gold (TSX.V:TSG – OTCQX:TSGZF) joins me to follow up on the news released today outlining an update resource at the Castelo de Sonhos Project totaling 2.2 million oz, that includes a doubling of the Indicated category. Now the overall resource stands at 1.5 million oz in Indicated and 0.7 million oz in Inferred.
Nick and I discuss how this resource will factor into the upcoming PFS that is estimated to be completed by summer. We also discuss the ongoing drilling at the project which is mostly focused on growing ounces and making new discoveries.
If you have any follow up questions for Nick regarding TriStar Gold please email me at Fleck@kereport.com.
Click here to read over the full news release on the updated resource.
Holy cow! NFG just keeps finding rich deposits. Yippee!
Great Bear drills 4.25 m of 25.12 g/t Au at Dixie
2021-03-16 07:52 ET – News Release
Mr. Chris Taylor reports
GREAT BEAR DRILLS NEW HIGH-GRADE GOLD AT NORTHWEST LP FAULT: 25.12 G/T GOLD OVER 4.25 M
Great Bear Resources Ltd. has provided 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.
OFF TOPIC:
Sparton interest VRB to build PV solar battery in China
2021-03-16 12:59 ET – News Release
Mr. Lee Barker reports
SPARTON ANNOUNCES VRB ENERGY AGREEMENT TO BUILD CHINA’S LARGEST SOLAR INTEGRATED BATTERY SYSTEM
Elon musk needs to update.
Angold drills 140 m of 0.82 g/t Au at Dorado
2021-03-16 12:50 ET – News Release
Mr. Adrian Rothwell reports
ANGOLD EXTENDS MINERALIZATION, INTERSECTS TWO NEW ZONES AT DORADO
Angold Resources Ltd. has received further favourable assay results for holes DO-21-02 and DO-21-03 from drilling on the Lajitas historic resource, at the company’s Dorado project located in the Maricunga belt of Chile.
The most favorable intercepts in this second batch of assay results were 110 m at 0.75 g/t Au in DO-21-02 and 140 m at 0.82 g/t Au in DO-21-03, thus demonstrating excellent continuity of mineralization at Lajitas. Assayed grades of up to 4.06 g/t Au (over 2 m) also confirm the high grade potential of this target.
Low grade, buts lots of it.
2021-03-16 12:18 ET – News Release
Mr. Gordon Lam reports
ETRUSCUS SAMPLES HIGH-GRADE COPPER AND SILVER AT SUGAR; VTEM RESULTS SUGGEST MASSIVE SULPHIDE SOURCE
Etruscus Resources Corp. has released VTEM and rock sampling results from the Sugar property Hammer target, just five kilometres northwest of the company’s flagship Rock & Roll project in the Eskay camp. The “Hammer” has been upgraded to a well-defined drill target due to its strong geophysical and geochemical signatures.
Hammer Target Highlights:
New airborne geophysical survey (VTEM) has identified a 100-m long x 300-m wide magnetic anomaly underlying a historic magnetite skarn showing;
Multiple discrete conductors, slightly offset from the mag high and possibly associated with massive sulphides, broaden the area of interest to at least 500 meters;
2020 rock sampling at this historic showing returned high-grade copper results, including 8.3% Cu (grab) and 5.5% Cu (float), with five out of six samples grading over 1.5% Cu;
Grab samples also revealed anomalous Au, Ag and Co values.
Endurance Gold drills 18.3 m of 4.04 g/t Au at Reliance
2021-03-16 11:50 ET – News Release
Mr. Robert Boyd reports
EAGLE ZONE NOW AVERAGES 16 M TRUE WIDTH WITH NEW RESULTS INCLUDING 18.3M GRADING 4.04 GPT GOLD
Endurance Gold Corp. has provided additional assay results from the reverse circulation drill hole program completed in December, 2020, at its Reliance gold property in Southern British Columbia. The property is located four kilometres ("km") east of the village of Gold Bridge with year-round road access, and 10 km north of the historic Bralorne-Pioneer Gold Mining Camp which has produced about 4 million ounces of gold. The six (6) RC drill holes results reported below are from the Eagle Zone (4) and Eagle South Zone (2). Assays from five (5) remaining Imperial Zone RC holes are being compiled and will be reported shortly.
Metalla Royalty to acquire CentroGold NSR royalty
2021-03-16 09:08 ET – News Release
Mr. Brett Heath reports
METALLA ACQUIRES ROYALTY ON OZ MINERALS CENTROGOLD PROJECT
Metalla Royalty and Streaming Ltd. has entered into a purchase and sale agreement to acquire an existing 1-per-cent to 2-per-cent net smelter return royalty on OZ Minerals’ CentroGold project from Jaguar Mining. All monetary amounts are in United States dollars unless otherwise stated. The purchase price includes an upfront payment of $7 million in cash payable by Metalla at closing and up to $11 million in contingent post-closing payments, consisting of common shares of Metalla and cash upon the achievement of certain milestones relating to CentroGold.
Brett Heath, President & CEO of Metalla commented, “We are pleased to acquire another accretive royalty on a large development project that covers over 2 million ounces of gold.(4) The CentroGold project has a highly prospective land package that covers over 1,200 square kilometers within a proven geological gold belt in northern Brazil.
Thanks CFS
(MTA) Metalla has really been on the offensive lately with acquiring more royalties. They just picked up one from (FISH) Sailfish Royalties, on Eldorado Gold’s Tocantinzinho, and now this one today from (JAG) Jaguar Mining on CentroGold.
This was actually a really nice move by Jaguar to monetize that royalty asset they’d retained, with the first $7 M payment upfront, with 2 more payments totaling $11 M based on the project meeting certain milestones. A win-win for both parties.
speaking of JAG… their 4th quarter and 2020 numbers look great:
Jaguar Mining Reports Financial Results for the Fourth Quarter and Full Year 2020
@accesswire on 15 Mar 2021
> Q4 2020 Financial Highlights
– Revenue for Q4 2020 increased 50% to $43.4 million, compared with $28.9 million in Q4 2019.
– Consolidated gold production increased 13% with 22,533 ounces produced (228,000 tonnes milled, average grade of 3.50 g/t) compared to 20,029 ounces produced in Q4 2019.
– Pilar production increased 20% with 12,353 ounces produced compared to 10,256 ounces in Q4 2019.
– Turmalina production increased 4% to 10,180 ounces compared to 9,773 ounces produced in Q4 2019.
– Primary development increased 29% to 1,871 meters compared to 1,453 meters completed in Q4 2019.
– Sustaining capital expenditures of $9.8 million invested in mining equipment and development.
– Consolidated Operating Cash costs decreased 10% to $705 per ounce of gold sold in Q4 2020, compared to $780 during Q4 2019.
– Consolidated all-in sustaining costs (“AISC”) decreased 3% to $1,200 per ounce of gold sold in Q4 2020, compared to $1,239 during Q4 2019.
– Board announces quarterly dividend of C$0.08 per share.
https://ceo.ca/@accesswire/jaguar-mining-reports-financial-results-for-the-fourth
> Jaguar Mining Full Year 2020 Financial Highlights
– Gross profit increased 269% to $85.7 million compared to $23.2 million in FY 2019.
– Increased profitability in FY 2020 reflects higher operating production quarter-over-quarter, and also an increase in the average realized gold price of $1,745/oz in FY 2020 compared to $1,316/oz for FY 2019.
– Consolidated gold production increased 23% with 91,118 ounces produced in 2020 compared to 74,084 ounces produced in FY 2019
– COC decreased 20% to $647 per ounce of gold sold for FY 2020, compared to $806 during FY 2019.
– AISC decreased 23% to $1,044 per ounce of gold sold in FY 2020, compared to $1,349 during FY 2019.
– Operating cash flow of $78.7 million; adjusted EBITDA of $87.8 million.
– Net income of $72.3 million, or net income per share of $1.00.
– Free cash flow was $49.2 million for FY 2020 based on operating cash flow, less sustaining capital, compared to negative $7.4 million in FY 2019. Cash used in financing activities was $7.5 million including dividend payment, share buy back and repayment of debt.
– Strong treasury at December 31, 2020, with cash of $38.9 million.
Can’t thank you enough EX for your work on Jaguar. It’s on sale these days after running up to $11 and selling now for $7 and change. I’ve been buying down here.
Vizsla Silver Subsidiary Enters Into Option Agreement to Acquire 60% Interest in Carruthers Pass and Provides Update on Copper Spinout
March 15, 2021
Another Spinout of assets in the space. We’ve seen a lot of spin cos lately in the sector, when secondary assets are not getting their proper valuations.
(DSV) (DSVMF) Discovery Reports 2,290 g/t AgEq over 1.3 m and 1,605 g/t AgEq over 2.9 m in Vein Drilling at Cordero
by @nasdaq on 15 Mar 2021
https://ceo.ca/@nasdaq/discovery-reports-2290-gt-ageq-over-13-m-and-1605
Another acquisition in the gold space. This is the 5th one in just the last 2 weeks (not counting the 2 recent royalty acquisitions we’ve seen Metalla make). The M&A space is heating up.
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(GG) (GGGOF) Galane Gold Ltd. Announces Proposed Acquisition of the Summit Mine in New Mexico
by @newswire on 16 Mar 2021
https://ceo.ca/@newswire/galane-gold-ltd-announces-proposed-acquisition-of
Mako Mining Corp. (MKO) (MAKOF) Drilling at the SW Zone at San Albino Intersects 62.04 g/t Gold Over 1.5 Meters] 15 Meters from Surface and Outside of the Delineated Resource
by @newswire on 16 Mar 2021
https://ceo.ca/@newswire/drilling-at-the-sw-zone-at-san-albino-intersects-6204
(BRC) Blackrock Gold Announces Name Change to “Blackrock Silver Corp”
by @newsfile on 15 Mar 2021
https://ceo.ca/@newsfile/blackrock-gold-announces-name-change-to-blackrock
New Found drills 13.7 m of 61.8 g/t Au at Queensway
2021-03-16 08:26 ET – News Release
Mr. Craig Roberts reports
KEATS STEP-OUT RETURNS 61.8 G/T AU OVER 13.7M, EXTENDS HIGH-GRADE ZONE TO 285M DOWN-PLUNGE
New Found Gold Corp. has provided assay results from three holes drilled at Keats zone. These holes were drilled as part of the company’s continuing 200,000-metre diamond drill program at its 100-per-cent-owned Queensway project, located on the Trans-Canada Highway 15 kilometres west of Gander, Nfld.