Barrick: To the Beach ⛱The bears have grabbed Barrick and are dragging it along southwards to the warm and sandy beach strip between $11.97 and $6.32, which is seated picturesquely below the support at $12.65. Once there, though, there’s not too much time to relax but also work to be done: Barrick should finish the long-term corrective movement in the form of wave (2) in yellow. Afterwards, the bulls should take over so enthusiastically that the beach sand is swirled up and push Barrick northwards. However, there is a 35% chance that the bulls could intervene earlier already and shove Barrick above the resistance at $26.07, thus eliciting further ascent above the next mark at $31.22.
Goldmining
Short Newmont mining? Price to fall below $65.Just like many of the other commodities, Newmont mining looks overextended and is starting to turn over.
Because of how quickly it ran, I think we're likely to see a violent snap back in price back to the February lows.
I can see price going to the $60 range before continuing up and/or retesting these highs as resistance.
Barrick Gold: Keep It Up, Bears! 🐻Down it goes! Just as we expected, the bears are in high gear and have proceeded to carry Barrick downwards. Soon, they should reach the support at $13.01 and lead the price below this mark. However, there still remains a 35% chance that Barrick could escape the bears’ paws and rise above the resistance at $24.95, thus activating further ascent above the next ones at $29.59 and $31.22.
AFRICAN GOLD AAG- W1 - Feb 2022last news : Definitive Feasibility Study
The majority of 2021 has been largely focused on the delivery of an updated definitive feasibility study for the Kobada Gold Project (the “Project” or “Kobada”), which was delivered in October 2021. Over the past two years we have worked tirelessly on the technical elements of the project to demonstrate that the Kobada project has the potential to be one of the largest new gold projects in West Africa. Since new management took over in August 2019, and with new drilling campaigns totaling more than 18,000 metres, we have managed to increase our reserve base by 144% (66% increase over the 2020 DFS) and our measured and indicated resource more than 40%.
With our updated 2021 DFS we have shown that Kobada has the potential to produce over 1.2 mln oz of gold over a 16-year mine life
Montage Gold - D1 - Feb 2022last news: Hugh Stuart, Montage CEO commented, "With most aspects of the DFS nearing completion the Company expects to release the results to the market in early February.
"The DFS has gone well with the bulk of the test work and studies (geotechnical, mining, metallurgical) largely confirming the assumptions from the May 2021 Preliminary Economic Assessment ("PEA") which outlined average annual gold production of >200,000 ounces per year over a 15-year project life. We are expecting the maiden Mineral Reserves Estimate to be in-line with in-pit material reported from the PEA.
Treasury Metals - D1 - 2021Treasury Metals - D1 - 2021
last news : Treasury Metals Announces Closing of Private Placement Financing
AFRICAN GOLD - H4 - Dec 2021AFRICAN GOLD - H4 - Dec 2021
last news : African Gold Group Closes Oversubscribed C$5 Million Private Placement
Asante Gold Corporation - D1 - Dec 2021Asante Gold Corporation - D1 - Dec 2021
Bibiani Gold Mine Operations Update
Asante is preparing a plan to deliver a mine that can produce approximately 190,000 ounces of gold at Bibiani in its first 12 months of operation and circa 240,000 ounces every year thereafter for a minimum of 6 years. Tenders have been invited for the selection of a Mining Contractor. We anticipate mobilization of the Mining Contractor to proceed in Q1 2022.
Bullish Fundamentals and Technicals !!before saying anything I would like to mention the upcoming Drill results which could be a serious catalyst for the price of Labrador Gold corp. So in term of due diligence I do not just speak to Technical chart but also to extensive research such as Grades ,jurisdiction, financials and more.
with that in mind, looking at TSXV:LAB one cant not notice the following Indicators:
-Bullish diversion in Momentum in the MACD : ✔
-Bullish diversion in Momentum in the RSI : ✔
(which are both signalling upside in the near term)
-also the STH Daily Bollinger bands are signalling a contraction to the upside : ✔
With regards to further TA :
-Double bottom Formation : ✔
-possible Resumption of 200 Simple moving average : ✔
-Breakout from diagonal resistance and back test : ✔
The Chart is screaming BUY BUY BUY BUY !!!!!!!!!!
Maple Gold Mines - 2021 - Daily - 14NovMaple Gold Mines - 2021 - Daily - 14Nov
last news : Geotech Ltd. has been contracted to complete a regional high-resolution airborne magnetic and electromagnetic ("Mag-EM") survey to support exploration drill targeting across 266 km² of JV-controlled ground. The Company has also appointed Wilma Lee to the position of Vice President, Compliance & Corporate Secretary, effective immediately.
Newcore GOLD LTD - Ghana explorer - H4Newcore Gold is advancing its Enchi Gold Project located in Ghana, Africa’s largest gold producer (1). The Project currently hosts an Inferred Mineral Resource of 1.41 million ounces of gold at 0.62 g/t (2). Newcore Gold offers investors a unique combination of top-tier leadership, who are aligned with shareholders through their 27% equity ownership, and prime district scale exploration opportunities. Enchi’s 216 km2 land package covers 40 kilometres of Ghana’s prolific Bibiani Shear Zone, a gold belt which hosts several 5 million-ounce gold deposits, including Kinross’ Chirano mine 50 kilometers to the north. Newcore’s vision is to build a responsive, creative and powerful gold enterprise that maximizes returns for shareholders.
Montage Gold - H4 - Nov 2021Montage Gold - H4 - Nov 2021
4.5M oz open pit deposit in Cote d'Ivoire being advanced rapidly to development by high Team. Feasibility study end 2021
Treasury MetalsTreasury Metals - Friday November 5, 2021,
raising gross proceeds of approximately $6.5 million through the issuance of 7.7 million common shares (the "FT Shares") that qualify as "flow-through shares" for the purposes of the Income Tax Act (Canada) (the "ITA").
The gross proceeds raised from the Offering will be used by the Company to fund exploration programs that qualify as "Canadian Exploration Expenses" and "flow-through mining expenditures", as those terms are defined in the ITA.
Mountain Boy Minerals - H4 - Nov 2021Mountain Boy Results Continue to Support Potential for Its American Creek Silver-Gold Project in BC's Golden Triangle
Drill results include 704 grams per tonne silver over 0.8 metres.
Drilling confirms a mineralized system that extends for at least 2 kilometres and remains open in both directions along strike.
Surface work identified several new prospective areas with one grab sample at 15,640 g/t silver, 2.17 g/t gold, 0.73% copper, 3.23% lead and 13.75% zinc.
Results support hypothesis that American Creek is part of a large, potentially high-grade mineralized system.
Results confirm that American Creek has many of the characteristics associated with the large silver-gold deposits within the Golden Triangle.
PELANGIO EXPLORATION - H4 -Nov 20211200 Meter Drill Program Underway At Pelangio's Dome West Project, Timmins, Ontario
Highlights:
Deep exploration test of previously unexplored Vipond stratigraphy which hosts a substantial portion of the gold mineralization at the Dome Mine and Paymaster Mine; Vipond stratigraphy crosses the Dome West property boundary from the Paymaster at the 1000-foot (304.8 meter ("m") level)
Historical data from underground drill intercepts grading 21.6 g/t gold over 1.82m and 59.6 g/t gold over 1.98 m from the adjoining Paymaster Mine hosted within a feldspar porphyritic intrusive and a felsic fragmental volcanic respectively to the east boundary of the Dome West property.
Information to date suggests the gold bearing feldspar porphyry intrusive and felsic fragmental dip and strike respectively on to Pelangio's property.