Welcome to our roundup of some the leading mining investment, exploration, and development stories on Theassay.com over the last week.
Financing news over the last seven days commenced with Centaurus Metals (ASX: CTM) receiving firm commitments from over 20 high-quality Australian and international institutional investors to raise A$75M. The raising is part of an institutional placement to underpin the next phase of growth and development of its 100%-owned Jaguar Nickel Sulphide Project in northern Brazil.
Due to strong investor demand, Amex Exploration Incorporated (TSXV: AMX) has entered into an amendment agreement to increase its previously announced private placement capital raising from C$33,740,000 to C$43,139,000. The gross proceeds from the sale of the Flow-Through Shares will be used for general exploration expenditures on Amex’s properties located in Quebec.
Exploration and discovery news kicked off with Brixton Metals Corporation (TSXV: BBB | OTCQB: BBBXF) outlining its intended 2022 exploration plans, predominantly involving the advancement of the district-scale Thorn Copper-Gold-Silver-Molybdenum Project. The Thorn Project is located 90km ENE from Juneau, Alaska, within the traditional territory of the Tahltan and Taku River Tlingit First Nations.
Rincon Resources Limited (ASX: RCR) provided a report on its activities for the quarter ended December 31, 2021. The company has a 100% interest in three highly prospective copper and gold projects in Western Australia: The South Telfer Copper-Gold Project, Laverton Gold Project, and Kiwirrkurra Copper-Gold Project.
Drilling news started with Capitan Mining Incorporated (TSXV: CAPT) receiving promising results from drillhole 21-CARC-29 and regional surface work from its fall work programme at the Peñoles project, Durango, Mexico. Capitan Mining CEO, Alberto Orozco, said, “This year, we hope to make similar progress at our Jesus Maria Silver project, where we will focus on high-grade silver opportunities. We are well capitalized and waiting on assays from the first 10 drill holes at Jesus Maria.”
Similarly, Tudor Gold Corporation (TSXV: TUD) received positive final drill results from the 30,108m, 2021 resource expansion and definition drilling programme for the Goldstorm Deposit and Calm Before the Storm Zone (CBS), as well as surface sampling results from the Eureka Zone, at their flagship property, Treaty Creek, located within the Golden Triangle of Northwest British Columbia.
In production news, Lake Resources NL (ASX: LKE; OTC: LLKKF) has confirmed that the production base case will be increased to 50,000 tonnes per annum lithium carbonate equivalent in the Definitive Feasibility Study and the final investment decision for the Kachi Lithium Project in Argentina.
Also in the news, Victoria Gold Corporation (TSX: VGCX) has confirmed that John McConnell and the Victoria Gold team are the recipient of the AME 2021 E.A. Scholz Award for excellence in mine development. Sean Harvey, Victoria Gold’s charman, said, “Receiving this outstanding achievement displays John’s dedication and vision in bringing the Eagle Gold Mine into production.”
