Silver Outperforming Gold 5:1

Gold and Silver are out of the gates once again this morning, running higher. Probe Metals says it has made a new discovery at the on the Val-d’Or East Cadillac Break East Option property. Velocity Minerals reported results from 13 drill holes at the Rozino gold deposit and the Rozino South target this morning. IAMGOLD Corporation and Sumitomo Metal Mining say they intend to proceed with the construction of the Côté Gold Project. Galway Metals says it has reached an agreement to buy back a 2.0% net smelter returns royalty.

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Gold shot up and closed well over $1800 futures basis yesterday. Wesdome has new exploration drill results out from Eagle River. Rio2 makes a key mine construction decision. Contact Gold shares its 2020 drilling strategy at Green Springs. Talisker divests from a few portfolio assets. Golden Minerals ready to drill Rodeo. Fiore Q3 production numbers are out.

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Silver Expiration & Summer Exploration

Options on July silver futures expire at the close of Comex trading hours today. Ascot Resources shared news regarding its 2020 exploration program at the company’s Premier Gold Project and the Red Mountain Project. Sama Resourced shared results from exploration drilling at its Nickel, Copper, Palladium projects in Ivory Coast, West Africa. Amex Exploration reported multiple drill results from the Eastern Gold Zone on its 100% owned Perron property in northwestern Quebec, Canada. Summa Silver announced it has finalized plans for a 7,500 meter summer drill program on its Hughes Property in Central Nevada.

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Liberty Gold Discovers New Zone at Black Pine

Gold and silver shot up on Monday morning. Liberty Gold announced the first drill results from the 2020 drill program at its Carlin-style Black Pine property in southern Idaho. Ero Copper shared their second quarter exploration update. Nexus Gold provided an exploration update front heir Dakouli II Gold Concession in Burkina Faso. Great Thunder has acquired 76 additional claims covering 4,200 hectares. Osino Resources announced it agreed to a bought deal financing totaling $15.4 million Canadian dollars.

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A $110 Million Gold Stream on Caldas Gold

Caldas Gold to enter into a gold stream deal with Wheaton Precious Metals. Roscan Gold shared diamond drill results from an additional 10 holes at its Mankouke South Target at the Kandiole Project in West Mali. GR Silver announced drill results from the Plomosas Silver Project in Sinaloa, Mexico. These results are located in the Plomosas Mine Area. Tudor Gold says it has added a third diamond drill rig to the 2020 companies as the company intensified its exploration efforts at its flagship Treaty Creek property. TriStar Gold announced it has entered into a bought deal with Cormark Securities for a total of $8 million. HighGold begins trading on the OTCQX. 

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Contact Gold Given Green Light at Pony Creek

Great Bear Resources has a new zone discovery from the Dixie Project in Ontario. Shandong Gold looks to acquire Cardinal Resources. Contact Gold announced receipt of a key permit for the Pony Creek gold project. Sierra Metals announced the discovery of a new high-grade silver zone with significant widths of Epithermal Veins. Anaconda Mining announced results from infill drilling at the Argyle Deposit on the Point Rousse Project in Newfoundland. Discovery Metals announced results from eight diamond drill holes completed at its flagship Cordero project located in Chihuahua State, Mexico.

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Roscan Gold Increases Land Position in Mali

We have the Oreninc Weekly Update today. Roscan Gold has signed a Definitive Agreement with Komet Resources to purchase its wholly owned subsidiary Komet Mali. Superior Gold shared drill results from the ongoing underground diamond drill program at the Plutonic Gold Mine in Western Australia. MacDonald Mines reported the remaining assay results from its Winter 2020 drilling program. Vizsla Resources says it has added a second drill rig. Northern Dynasty Minerals announced a local revenue sharing program. 

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Federal Reserve Announced Corporate Bond Purchases

Gold was hammered lower yesterday prior to the Fed announcement it will begin buying corporate bonds. Probe Metals says results from exploration drilling at the Val-d’Or East Cadillac Break East Option property. Liberty Gold reported results from Bulk Sample metallurgical testing on oxide material from its Black Pine Project. Ivanhoe Mines announced this morning it has successfully completed the sinking of Shaft 1 at Platreef. Osisko Metals announced results of an independent Preliminary Economic Assessment. 

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Gold Continues to Trade within a Range

Ely Gold Royalties announced it has entered into an agreement with Provenance Gold. Arizona Metals Corp says it will commence a 1,300 meter drill program on its Sugarloaf Peak Project in La paz County, Arizona. Etruscus Resources says they have discovered a very large and compelling new target – "The Wall" – at its 100%-owned Rock and Roll Property in the heart of the Eskay Camp in Northwest British Columbia's Golden Triangle. Nexus Gold reported in anticipation of its upcoming drill program that it is mobilizing both crew and equipment to the McKenzie Gold Project. Eric Sprott finances Tudor Gold for $9.3 million. 

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First Majestic Acquires Silver Stream from First Mining

The Fed announcement yesterday made gold move. Great Bear Resources has more drill results out this morning from the LP Fault at the Dixie Project in Red Lake district of Ontario. First Majestic Silver announced it has agree to acquire from First Mining Gold Corp a stream on 50% of payable silver produced from the Springpole Gold Project. Capstone Mining announced the results of an updated mineral resource estimate for the Cozamin Mine in Zacatecas, Mexico. Silvercorp Metals announced it elected not to exercise its “right to match” the Superior Proposal for Guyana Goldfields. Crystal Lake to change its name. 

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Minera Alamos Expands Santana Mineralization to the Southwest

Gold rebounded yesterday while silver lagged. Minera Alamos reported additional drill results from its  Phase 2 drill program at the Santana gold project in Sonora, Mexico. Eclipse Gold reported drill results from its first phase of drilling at the Hercules Gold Project located in Lyon County, Nevada. Maple Gold Mines shared more assay results from its 2020 winter drilling program at the Douay Project. MegumaGold and Osprey Gold have entered into a definitive agreement to merge. Evrim Resources and Renaissance Gold announced they have entered into an agreement to combine in a merger-of-equals. 

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New Gold Selling Blackwater to Artemis

New Gold announced it has entered into a definitive agreement with Artemis Gold to divest its Blackwater project located in British Columbia. Talisker Resources announced results this morning from its Bralorne Gold Project. Kincora Copper says the second diamond drill hole of their maiden drilling program at the Trundle Project is complete. Bluestone Resources reported more assay results from its infill drilling activities currently underway at the Cerro Blanco gold project in Guatemala. VanGold reported results from its 1,000 tone bulk sample. Corvus Gold provided an update  on its ongoing detailed mining studies in the Bullfrog Gold District. FireFox Gold provided an update into its 2020 exploration plans in the Central Lapland Greenstone Belt in Finland.

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