The Monday Post 13

Featured Image: Spotlight Mining visited Vangold Mining in November 2020. Photo taken at El Pinguico over the Beta-Madre fault vein zone close to Guanajuato, Mexico.

Happy Monday all, after a few weeks of heavy news flow things seem to have quietened again for now but as usual I’ve rounded up some events and updates for you.

COMPANY UPDATES

Cabral Gold (TSCV:CBR, OTC:CBGZF) announced the identification of another high-grade target as a result of ongoing reconnaissance work at their district-scale gold property, Cuiú Cuiú, in Brazil. The target, Tracaja, is 1.8km NNE of the existing Medusa target and is exhibits an average 74.9 g/t Au from 19 grab samples taken from the margins of historic placer workings. Drilling continues at the property, with 20 holes having been drilled so far at Medusa. You can learn more about Cuiú Cuiú here in our Project of the Week series.

Warrior Gold (TSXV:WAR) announced a non-brokered private placement to raise up to $1m through the issue of common shares and through-flow share units, at the price of $0.09 and $0.12 respectively. Common share sale proceeds will be dedicated to ‘general corporate purposes’ and working capital, whereas the through-flow share sale proceeds will be used for Canadian exploration expenses (that are eligible). The company are exploring the Goodfish-Kirana Property in Kirkland Lake, Ontario in the Abitibi Greenstone Belt. You can learn more about Goodfish-Kirana here in our Project of the Week series.

Vangold Mining (TSXV:VGLD) reported channel sample results from their El Pinguico gold-silver project in Mexico. Some impressive grades have been returned such as 47m @ 256 g/t Ag and 1.7 g/t Au, 15m @733 g/t Ag and 5.0 g/t Au, and 37m @ 66 g/t Ag and 0.83 g/t Au (values are weighted averages). More results can be found in the NR. The channels were taken in veins in the underground historic mine workings on the property, where the company is hoping to commence drilling at the end of this year.  You can learn more about El Pinguico here in our Project of the Week series.

IAMGOLD Corp. (TSX:IMG, NYSE:IAG) announced the remaining results from their 2602m exploration DD program at their Nelligan JV project in Quebec. Some results include 21.8m @ 2 g/t Au, 27m @ 1.11 g/t Au, and 17.3m @ 7.62 g/t Au. For more results, please see the NR. The property is host to gold in quartz-sulphide vein and disseminated sulphide mineralisation, although the latter dominates.

INDUSTRY NEWS

Glencore has announced that in H1 2021 Gary Nagle will take over from current CEO Ivan Glasenberg who said in 2018 that he would leave in 3-5 years. Gary Nagle is currently the head of Glencore’s coal division, which has promised to cap coal production to align with the Paris climate agreement targets[1].

READ MORE

Some interesting things you may have missed

  • New battery law could help Europe lead the green battery race by Alex Keynes ad Cecilia Mattea, Euractiv. A nice summary of how thoughtful new EU battery/green tech laws need to be to ensure improved environmental performance of the whole value chain. Read it here.

EVENTS

Tuesday 8th December, 14:00 GMT - Business Environment and Attraction of Investments to the Brazilian Mining Sector. An event designed to attract mining investment to Brazil, for more information email laura.queiroz@fcdo.gov.uk.

Wednesday 9th December, 8:00 GMT - Zircon petrochronology and magma evolution leading to porphyry copper mineralization by Christoph Heinrich & Simon Large. An Ore Deposits Hub Event.

Wednesday 9th December, 17:00 GMT - Carlin-type Gold Deposits: The Essential Ingredients by Jean Cline. An Ore Deposits Hub Event. Register interest here, or watch live on YouTube.

Thursday 10th December, 18:00 MST - Productivity improvement through mine to mill reconciliation by Abani Samal (GeoGlobal). Preceded by Cam Knight, stand-up comic, and followed by a Happy Hour, Q & A and Networking. Register here.

Wednesday 9th - Friday 11th November - Massmin 2020. This virtual conference is available at cost, and features keynote speeches from world leader’s in mass mining, presentations from mass mining experts and a virtual showcase of companies and sponsors. Content available in English and Spanish. More information here.

Wishing you all a happy week as always.

Esme