Vizsla Resources Makes its 4th New Discovery
Welcome to Mining Stock Daily. This is your host, Trevor Hall
Today is Thursday September 3.
Gold was systematically taken lower literally right after the London a.m fix was complete. The price containment squad grabbed the yellow dog by the collar and pulled it down $40, with most of the price ambush occuring after the Comex opened. The Mining Stock Journal said that light pre-holiday trading this week enables the paper manipulators to be the bully in Comex paper gold and silver sandbox. Gold staging a small rally on Wednesday evening from its earlier low at $1938 December basis. Silver was pushed below $28 early Wednesday morning, trading as low as $27.30 before rebounding to $27.75 Wednesday night. After getting sucker-punched along with the metals on Wednesday morning, the mining stocks rallied such that the HUI closed down negligibly and GDX actually closed green. The Mining Stock Journal commented that it believes the precious metals sector is setting up for a monster move sometime this fall and it has started to reinvest cash raised during August.
We’ll get to the news out of the miners and explorers here in just a quick moment, but first a quick mention of today’s sponsor.
This episode of Mining Stock Daily is brought to you by… Corvus Gold.
Corvus is an advanced gold-silver exploration and development company focused on the North Bullfrog and Mother Lode Projects in Nevada. The company has been named a Top Five TSX gold equity performer Four of the last Seven years & a multi time top 50 OTCQX performer. Corvus Gold trades on the Toronto Stock Exchange and now on the Nasdaq with the symbol KOR. Follow all the news from Corvus and its two-mine projects with fast-tracked potential via the company's website, corvusgold.com.
And here’s what you need to know this morning…
Vizsla Resources says it has made a fourth new discovery with the Company's first drill holes into the Tajitos vein on the Cinco Senores Vein Corridor at the Panuco silver-gold project in Mexico. A total of four holes have been completed to date into the Tajitos vein, located 900 metres southeast of the first Napoleon discovery with results from the first three holes reported in this release. The Tajitos vein appears to have seen significant mine development but has never previously been drilled. Results from Cinco Senores returned 1,808 g/t silver equivalent over 4.5 meters and included a 1.15 meter interval of 3,581 g/t silver equivalent. A second results returned 1,192 g/t silver equivalent over 1.15 meters. The company says they are actively stepping out on the four discoveries to expand the footprint of the mineralization of the area. Vizsla trades on the TSX Venture with VZLA and on the OTCQB with VIZSF. News Release
Nexus Gold reported additional assay results from the recently completed phase one drill program at the Company’s 100% owned McKenzie Gold Project, located in Red Lake, Ontario. The final seven holes drilled in this program were testing targets identified by the company in its 2019 surface prospecting programs. Drilling continued to intersect narrow intercepts in the 1-4 grams-per-tonne (“g/t”) gold (“Au”), as per historic and recent drilling by the Company, but also resulted in the discovery of a particular mineralized zone that has now produced longer intersections of greater than 50 to 100 meters in length. Results reported today included 117.5 meters of 0.62 g/t Au, including 55.5 meters of 1.00 g/t Au, which also includes intercepts of 6m of 2.37 g/t Au, 2m of 4.28 g/t Au, and 9m of 1.14 g/t Au, among others. Nexus trades on the TSX Venture with NXS and on the OTCQB with NXXGF. News Release
Roxgold shared more infill extension drilling results form the company’s Ancien prospect at the Séguéla Gold Project located in Côte d’Ivoire. Today’s results included 19.8 g/t gold over 12 meters which also included a shorter 1 meter interval of 52.1 g/t gold and another 3 meters of 52.9 g/t gold. The company says The exploration successes we continue to demonstrate at Séguéla builds our confidence that the Feasibility Study, due for completion early next year, will outline a larger more robust project than what was defined in the Preliminary Economic Assessment. Roxgold trades on the TSX with ROXG and on the OTCQX with ROGFF. News Release
And there were new drill results out from Anacaonda Mining this morning from its Goldboro Project in Nova Scotia. Today’s results included 16.79 g/t gold over 3 meters and 9.78 g/t gold over 5 meters. The Drill Program was designed to convert priority Inferred Mineral Resources, considered proximal to planned development in the ongoing feasibility study, into Indicated Mineral Resources. Anaconda trades on the TSX with ANX and on the OTCQX with ANXGF. News Release
Now, lets turn it over to Kai Hoffman for this week’s Oreninc Weekly Update.
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Wallbridge Mining reported it has completed the first phase of metallurgical testing of the Tabasco and Area 51 zones from Wallbridge’s Fenelon Gold Project at SGS Laboratories, achieving gold recoveries up to 99.1% using conventional and proven technologies. The goals of this latest round of metallurgical testing by SGS were to evaluate gold recovery for various grind sizes and processing technologies for representative material from Tabasco and Area 51 zones. Representative samples from low-grade and high-grade areas of the Tabasco and Area 51 zones were tested for their amenability to gravity separation as well as cyanidation under varying grind sizes and conditions. Testing shows total recoveries using gravity and cyanidation of up to 99.1%; gravity recoveries of gold reached 84.1%. Wallbridge trades on the TSX Venture with WM. News Release
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I’m Trevor Hall. Have a wonderful day. Be well.
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