Sonoro Gold - a Bargain Priced Low Risk Gold Mine Developer with Big Profit Potential

Everyone likes bargains, even better if the bargain turns out to be a multi-year growth story, a proverbial gift that just keeps giving. This could be Sonoro Gold Corp. (WKN A2QCST / TSXV SGO) which is developing a major gold deposit at its Cerro Caliche project in Sonora State, Mexico where it expects to begin producing gold as a heap leach mining operation (HLMO) late this year, or in early 2022.

So Why is it a Bargain?

Very few juniors are on the cusp of becoming gold producers and Sonoro is in a sweet spot where the relative risk is quite low and the potential share price increase is substantial.

The company is near the conclusion of multi-year program of intensive studies regarding whether or not it should build and operate a heap leach mine at its Cerro Caliche project. This means everything from engineering and metallurgy to costing the contractors who would do the mining and processing. By this June, it should have the official details of the results, which Sonoro’s highly credible executive advises, are to be very positive. One last outstanding question is what the recovery rate for deeper gold mineralization is and a few weeks ago, this too was partially answered with a bottle roll test which, at 82%, is 10% higher than the 72% recovery rate assumed for the project.  

Key to this story, and for investors a possible, compelling reason to start accumulating Sonoro shares, is that should Sonoro commence production on schedule by next year, its annualized free cash flow per share has the potential to be higher than its current CDN $0.19 share price. It is important to note that gold producers often trade at several times their respective per share free cash flows. If this is the case, then an explosive increase in Sonoro’s share price becomes an increasingly possible outcome.

Manageable Risks

With every reward there are always risks, and in this case, the principal risks, assuming the gold price stays relatively stable, are as follows:

•    Will this management, who have already either discovered, developed and/or operated more than a dozen gold deposits or mines in the region, be successful or not?
•    Will the proposed mine operate with the same costs relative to the other heap leach mines in the area or is there some unseen issue that would reduce or eliminate profitability?

Perhaps after a dozen successes for the Sonoro executive, this is the one that does not work? Or as unluckily, despite being a near surface oxide gold deposit like its neighbors, the cost of getting the gold out of the ground and processing it will be much higher? This of course would affect Sonoro's ability to finance. Furthermore the ‘official answers’ in the form of an independent resource study and Preliminary Economic Assessment (PEA) are due this July, we have already seen many solid indications that the Cerro Caliche will be yet another of their many successful mine developments. In other words the real opportunity is right now, with what we see as a relatively low risk bet on a storied team with four decades of finding and building some of northern Mexico’s most profitable mines. The metrics which follow illustrate what the profit potential is, and it is considerable. Maybe if gold’s price keeps going up, that then is a whole other very bullish story.

Justifiable Upside

Keeping our feet on the ground, we must justify why Sonoro’s shares could trade at a multiple of its potential future cash flow. As stated, the reality is most small cap gold producers’ shares trade at a big premium to free cash flow. Given the difficulty of finding new gold deposits these days, the number of these juniors is shrinking rapidly. Bigger companies are buying them for their gold reserves.  

For example, two of Sonoro’s neighbors, Premier Gold Mines and Alio Gold, were taken over by larger gold producers during the past year. They are not alone. As more are bought, those still standing should be worth even more. Of the remaining, we used Torex Gold and Galiano Gold as examples of what can reasonably be expected. Torex has a cash flow multiple of 4 and Galiano’s is a slightly smaller 3.5.  

Detective Work, a lot of Reading, Math and a Little Logic

Assuming that Sonoro’s warrants and options are all exercised, thereby adding CDN $18 million to the treasury, we would anticipate total shares issued and outstanding by the start of production to be approximately 150 million. Sonoro says its work is focused on the conceptual design of an up to 20,000 ton per day operation. To be conservative, we are basing the potential cash flow generated during the first year on a smaller operation:  15,000 tons per day, using 0.5 grams Au per ton which is the average grade in an already published 200,000 ounce Au 43-101 resource study. According to company news releases, thousands of meters of drilling have since indicated that a material increase in the gold resource should be expected with original 0.5 grams of gold per ton grade being “maintained”. Therefore, it is not a big leap of faith to expect the added drilling results to justify at least five years of production. We would expect that Sonoro’s management has increased the size of its proposed mine for the same reason.

To be safe we are using the smaller production rate. Even with the lower rate the results are already quite astounding. To get a ballpark idea of a reasonable target, I assume that the mine will operate for at least 320 days in a year and 72% of the gold contained in the mined mineralization will be recovered. Based on this, Sonoro’s first year of production should total approximately 50,000 net ounces of gold. On that basis, using a production rate of 50,000 ounces per year and a gold price of USD $1,700, the gross cash flow would be USD $85 million (CDN $107 million) or approximately CDN $0.70 per share. But this is only half of the story.  More important is what are the costs of producing the gold likely to be? Management says they anticipate that costs will be essentially the same as other heap leach mines in the area. Therefore, what is a reasonable expectation?

Kleinvieh macht auch Mist (Small amounts add up to something bigger)

Years ago, 0.5 grams of gold per ton was considered a minuscule amount of gold, but now it can mean a very profitable mining opportunity. Take Sonoro’s neighbor Argonaut Gold, its operations give an accurate idea of the new normal for gold mining in the 21st century. Argonaut just published its financials which show an average gold grade to the leach pad of 0.28 grams per ton with a gold production cash cost (AISC) that totals USD $1,244 per ounce. Sonoro’s 0.5 grade is nearly double Argonaut’s. Even still, Argonaut is making record profits. There are others such as Alamos Gold which says that at its Mulatos Mine, the cost per ounce to produce gold this year should be at most USD $1,110.

Because Sonoro’s gold grade is higher, we used a USD $1,200 per ounce gold AISC cash cost that is USD $44 less than Argonaut’s USD $1,244 per ounce. We could project lower costs but I think it is wise to allow for potential differences in the mine stripping ratios. If a USD $1,700 gold price is then used, the Cerro Caliche would generate an AISC cash flow target of USD $25 million in the first year. This USD $25 million is roughly CDN $32 million which divided by Sonoro’s 150 million shares (fully diluted) comes out to a per share AISC cash flow of CDN $0.21, $0.02 higher than the current price. Multiplied by the previously mentioned lower 3.5 per share cash flow multiple, we get an upside target of $0.73 per share. Critically, this could be just the start of a long-term growth story, the aforementioned ‘gift that keeps giving’. Sonoro plans to keep expanding the Cerro Caliche operation and growing cash flow while it develops other gold deposits in the area. Basically, if management has its way, this is just the beginning and Sonoro will experience multiple years of accelerating growth.   

Why Are We so Confident?   

We always follow the people. The first decision of a great mining executive is to pick a great mineable deposit to develop. They will know where to look, how to acquire the deposit and how to develop and successfully manage the resulting mining operation. Sonoro’s management includes some of the region's most accomplished mine builder-operators. Therefore, it will be no surprise when Cerro Caliche becomes yet another of the dozen or so gold deposits they have either discovered, developed or mined.

For example, Sonoro’s head of development is an engineer named Jorge Diaz and he has developed and operated mines since the 1980s, beginning with Glamis Gold (bought by Gold Corp. for $8.6bn). Glamis grew into a giant because of its ability to find, acquire and quickly build very low-cost heap leach gold mines and then operate them ultra-efficiently. This is what Sonoro’s executive are proven experts at doing. One of Diaz’s projects was Alamos Gold’s Mulatos Mine which has produced more than 2 million ounces of gold and is easily one of the area's most successful heap leach operations. Sorono’s executive also includes Curtis Turner, a former senior executive from Argonaut Gold, which also took over Alio Gold one of the area’s highly successful low-cost heap leach mid-cap gold producers. In 2011, Argonaut also took over, at a premium, Pediment Gold, providing nearly 1000% profits to early investors.  Sonoro’s VP of Exploration, Mel Herdrick, led the development of the two gold mines which were the only assets that made Pediment worth buying.  He has had multiple successes in the region and Sonoro is his next focus. There are other very accomplished mine developers that are part of the company, but we think you already get the idea.

Zeit ist Geld    

Time is money and timing is everything.  If a project is too far in the future or the timing is unknowable, it will be worth less and even the waiting can be a compounding risk. Sonoro’s storied management is very clear about the project’s timeline, which is on its website. The timeline in turn indicates we may have a very narrow window of opportunity, only months or perhaps weeks, before its shares may begin to rise explosively. They are ‘fast-tracking’ the Cerro Caliche mine development with the intent of starting gold production around the end of this year.  

To learn about its highly skilled development team and then read the company’s news releases, it becomes apparent that they have already done considerable metallurgical, engineering and design work to both ensure the Cerro Caliche’s viability and accelerate its development. This means it is likely to be relatively soon when the market wakes up to the opportunity. But how soon? The most prominent potential catalyst are Sonoro’s plans to release to the public around this June the results of a resource update, geological engineering and metallurgical studies, together with a Preliminary Economic Assessment (PEA) which summarizes the entire project’s economics. With this information, the proverbial cat should be out of the bag and Sonoro’s shares should have every reason to trade substantially higher.

A Low Hurdle Points to an Easy Start

To minimize the capital cost of the mine for the first 18-24 months of operation, part of Sonoro’s strategy is to minimize the capital costs by employing the area’s best in class contract miners’ and mineral processors. As you know, Sonoro’s key management has been operating in the area since the 1980s, consequently they are among the best placed to successfully outsource:

a)    mining, excavation & grinding circuit prior to leaching,
b)    production of carbon instead of dore (reduces risk of theft), and
c)    using generators instead of extending a nearby transmission line.

Looking at the prefeasibility study for Argonaut’s 16,000 ton per day Cerro del Gallo (CDG) heap leach project in Guanajuato, Mexico, we can get some idea of the costs Sonoro will have avoided and what the CAPEX costs may be. For example, the first two stages of the grinding circuit at CDG are priced at USD $10.1 million, a cost Sonoro avoids by subcontracting. The principal pre-production CAPEX left is the heap leach pad and stacking system and solution handling, site, utilities and a laboratory. Sonoro’s lab is likely to be a lot smaller given the much simpler operation and the same can be said for its solution handling costs.  Not counting the lab and using the CDG costs, gives us a ball-park preproduction capex supply cost starting around USD $14 million. But, Sonoro is a much more logistically convenient area than Guanajuato and the metallurgy much simpler so, if anything, these costs could be on the high side. We will know in June of this year.

Exceptional Economic Potential Makes for a Compelling Investment Story

Key to this exercise is that the potential economics are compelling. Using the CDG derived costs of USD $14 million and the projected annualized free cash flow of USD $25 million, the CAPEX is recovered in less than seven months. Such a fast payback should make the mine’s debt financing a snap. However for investors, it is the potential commencement of revenues and accelerating organic growth that really might make Sonoro’s shares worth buying. Add to this the potential to increase the gold deposit’s size enough to extend production for another decade. The reality is that less than 20% of the Cerro Caliche’s 14 square kilometers’ worth of shallow oxide gold zones have been drilled so, as is the case with many mines, Sonoro should continue to grow with more drilling as gold is produced. Management also plans to develop a nearby property called San Marcial and other projects like it. For investors to make big profits, all Sonoro’s executives need to do is to continue doing what they have been doing with other companies for the past 40 years: develop and grow the Cerro Caliche into another major mining success.

We believe that Sonoro shares really are in a sweet spot where the relative risk is quite low and the potential share price increase is substantial. It is an opportunity which we think is unlikely to last much longer.

Newsletter


Disclaimer: GOLDINVEST Consulting GmbH offers editors, agencies and companies the possibility to publish comments, analyses and news on https://www.goldinvest.de. This content exclusively serves to inform the readers and does not represent any kind of call to action, neither explicitly nor implicitly is it to be understood as an assurance of possible price developments. Furthermore, they in no way replace an individual expert investment advice, it is rather promotional / journalistic publications. Readers who make investment decisions or carry out transactions on the basis of the information provided here do so entirely at their own risk. The acquisition of securities carries high risks, which can lead to the total loss of the invested capital. The GOLDINVEST Consulting GmbH and its authors expressly exclude any liability for financial losses or the content guarantee for topicality, correctness, adequacy and completeness of the articles offered here. Please also note our terms of use.

According to §34b WpHG and according to paragraph 48f paragraph 5 BörseG (Austria) we would like to point out that principals, partners, authors and employees of GOLDINVEST Consulting GmbH hold or may hold shares of Sonoro Gold and therefore a possible conflict of interest exists. We also cannot exclude that other stock letters, media or research firms discuss the stocks we recommend during the same period. Therefore, symmetrical information and opinion generation may occur during this period. Furthermore, there is a consulting or other service contract between a third party that is in the camp of Sonoro Gold and GOLDINVEST Consulting GmbH, which means that there is a conflict of interest, especially since this third party remunerates GOLDINVEST Consulting GmbH for reporting on Sonoro Gold. This third party may also hold, sell or buy shares of the issuer and would thus benefit from an increase in the price of the shares of Sonoro Gold. This is another clear conflict of interest.

Weitere Nachrichten

Fancamp announces drilling on high-grade...
Fancamp announces drilling on high-grade...
Based on a new 3D model, Fancamp Exploration Ltd. (TSXV: FNC; FRA: 3F9) plans to resume exploration drilling a...
263 views Tue, 22 Mar 2022, 13:44:25
Goliath confirms huge extent of Surebet ...
Goliath confirms huge extent of Surebet ...
The Surebet mineralization system discovered by Goliath Resources (WKN A2P063 / TSXV GOT) now covers a massive...
49 views Thu, 11 Aug 2022, 13:12:18
Max Resource: IP data increases chances ...
Max Resource: IP data increases chances ...
Copper explorer Max Resource (WKN A2PT41 / TSX.V MAX) is preparing to drill its first ever holes on its URU li...
111 views Tue, 09 Aug 2022, 18:24:03
Top experts discuss geopolitical dominan...
Top experts discuss geopolitical dominan...
Last week, at the invitation of Fastmarkets' industry analysts, three top experts from the lithium sector enga...
270 views Fri, 05 Aug 2022, 13:47:36
Juggernaut discovers next deep-rooted go...
Juggernaut discovers next deep-rooted go...
The rapid retreat of glacier and snow cover in British Columbia's alpine terrain is enabling discoveries that ...
287 views Fri, 05 Aug 2022, 06:06:10
First Tin Starts DFS at Taronga Tin Proj...
First Tin Starts DFS at Taronga Tin Proj...
First Tin Plc (LSE: 1SN; FRA: 1SN), a tin development company with advanced projects in Germany and Austra...
146 views Thu, 04 Aug 2022, 09:41:57
Follow the Money: Billionaire Creasy joi...
Follow the Money: Billionaire Creasy joi...
The Australian press has outed billionaire Mark Creasy - a major shareholder in Galileo Mining (ASX: GAL)...
293 views Mon, 01 Aug 2022, 08:12:03
Goliath Resources goes "all-in" and now ...
Goliath Resources goes "all-in" and now ...
Instead of the planned 24,000 meters, Goliath Resources (TSXV: GOT; FRA: B4IF) has announced its intention to...
316 views Thu, 28 Jul 2022, 12:17:07
Parkway Corporate expands its operations...
Parkway Corporate expands its operations...
Emerging Australian industrial wastewater treatment technology company Parkway Corporate (ASX: PWN; FRA: ...
250 views Thu, 28 Jul 2022, 09:48:03
Queensland Gold Hills: First drill progr...
Queensland Gold Hills: First drill progr...
This too is part of exploration. Queensland Gold Hills Corp. (TSXV:OZAU;FRA:MB3) has failed to find the gold ...
136 views Thu, 28 Jul 2022, 05:07:47

More HOT NEWS

Goliath bestätigt gewaltige Ausdehnung des Surebet-Goldsystems!

Goliath bestätigt gewaltige Ausdehnung des Surebet-Goldsystems!

11.08.2022
Hits:265

Über eine Fläche von gewaltigen 5,25 Quadratkilometern erstreckt sich mittlerweile das von Goliath Resources (WKN A2P063 / TSXV GOT) entdeckte Goldvererzungssystem Surebet. Kein Wunder, denn bislang traf das Unternehmen mit...

Endeavour Silver hält große Teile der Produktion für späteren Verkauf zurück

Endeavour Silver hält große Teile der Produktion für späteren Verkauf zurück

10.08.2022
Hits:336

Die kanadische Endeavour Silver (WKN A0DJ0N), ein mittelgroßer Silberproduzent mit zwei Untertageminen in Mexiko, hat im zweiten Quartal 2022 laut Mitteilung 2.102.327 Unzen Silberäquivalent gefördert. Damit liegt man 15% über...

Silber: Zeit für eine Erholung?

Silber: Zeit für eine Erholung?

10.08.2022
Hits:182

Unter den bedeutenderen Edelmetallen hat Silber 2022 die schwächste Performance abgeliefert. Analysten glauben aber, dass der Preis weit genug zurückgegangen ist, um nun eine moderate Erholung zu rechtfertigen.

Conico Ltd.: Frisches Kapital für die Exploration in Australien und Grönland

Conico Ltd.: Frisches Kapital für die Exploration in Australien und Grönland

10.08.2022
Hits:246

Der australische Explorer Conico Ltd. (WKN A1W2NL / ASX CNJ) hat die angekündigte Finanzierungsrunde erfolgreich abgeschlossen. Wie die Gesellschaft heute mitteilte, konnte man 3 Mio. AUD aufnehmen, die vorrangig für...

Seltene Erden-Produzent MP Materials profitiert von starkem Preisanstieg

Seltene Erden-Produzent MP Materials profitiert von starkem Preisanstieg

09.08.2022
Hits:192

Der größte Seltene Erden-Produzent der westlichen Welt, MP Materials (WKN A2QHVL / NYSE MP), hat im zweiten Quartal 2022 den Nettogewinn gegenüber dem Vorjahreszeitraum um 170% steigern können. Das lag...

Conico: Erste Bohrung auf Mt Thirsty angelaufen

Conico: Erste Bohrung auf Mt Thirsty angelaufen

09.08.2022
Hits:262

Der Milliardär Mark Creasy hat im Juni für rund 2 Mio. AUD für eine 4,3prozentige Aktienposition an Greenstone Resources (ASX: GSR) übernommen, dem 50% Joint Venture-Partner der australischen Explorationsgesellschaft Conico...

Barrick Gold: Starke Kupferproduktion lässt Nettogewinn steigen

Barrick Gold: Starke Kupferproduktion lässt Nettogewinn steigen

08.08.2022
Hits:278

Goldgigant Barrick (WKN 870450 / TSX ABX) hat die Kupferproduktion des zweiten Quartals gegenüber den ersten drei Monaten des Jahres um 25% auf 120 Mio. Pfund gesteigert. Der Goldausstoß hingegen...

Pampa Metals: Neue Daten machen Kupferziel Buenavista noch attraktiver

Pampa Metals: Neue Daten machen Kupferziel Buenavista noch attraktiver

08.08.2022
Hits:296

Kupferexplorer Pampa Metals (CSE PM / WKN A2QK6Q) hat Untersuchungsergebnisse erhalten, die das Buenavista-Ziel innerhalb des Block 4-Projekts noch attraktiver erscheinen lassen!

Die Welt steht vor einem gravierenden Kupfermangel!

Die Welt steht vor einem gravierenden Kupfermangel!

08.08.2022
Hits:488

Wenn man dem neuen Chef des Rohstoffgiganten Anglo American (WKN A0MUKL) glauben kann, steuert die Welt auf einen gravierenden Mangel an Kupfer zu, da es immer schwieriger werde, neue Kupferminen...

First Majestic Silver macht im zweiten Quartal Verlust

First Majestic Silver macht im zweiten Quartal Verlust

05.08.2022
Hits:242

First Majestic Silver (TSX FR / A0LHKJ) hat im zweiten Quartal dieses Jahres insgesamt 7,7 Mio. Unzen Silberäquivalent produziert. Das stellt einen Anstieg von 20% im Vergleich zum Vorjahreszeitraum dar....

Top-Experten diskutieren geopolitische Dominanz Chinas bei der Versorgung mit Lithium

Top-Experten diskutieren geopolitische Dominanz Chinas bei der Versorgung mit Lithium

05.08.2022
Hits:269

Auf Einladung der Branchenanalysten von Fastmarkets haben vergangene Woche drei Top-Experten aus dem Lithium-Sektor anlässlich des weltgrößten Forums für Lithium und Rohmaterialien in Phoenix, Arizona, eine bemerkenswerte Pannel-Diskussion über die...

Starke Zahlen: P2 Gold erbohrt 1,57 g/t Goldäquivalent über 24,39 Meter

Starke Zahlen: P2 Gold erbohrt 1,57 g/t Goldäquivalent über 24,39 Meter

04.08.2022
Hits:200

Das Gabbs-Projekt von P2 Gold (TSXV PGLD / WKN A2QCBZ) verfügt bereits über eine signifikante Ressource der Kategorie angezeigt mit 1,12 Millionen Unzen Goldäquivalent (0,65 Millionen Unzen Gold und 266,7...

Analysten setzen bei Excellon auf Kilgore-Exploration und Silver City in Deutschland

Analysten setzen bei Excellon auf Kilgore-Exploration und Silver City in Deutschland

04.08.2022
Hits:305

In ihrem jüngsten Research-Update zu Excellon Resources (TSX: EXN; FRA: E4X2) setzen die Cormark-Analysten Richard Gray und Brandon Smith auf die Exploration des Goldprojekts Kilgore Projekts in Idaho, USA, und...

Chartcheck FYI Resources: Ende der Tax Loss Season als Startrampe für den Aktienkurs?

Chartcheck FYI Resources: Ende der Tax Loss Season als Startrampe für den Aktienkurs?

03.08.2022
Hits:359

Der Langfristchart von FYI Resources (WKN A0RDPF / ASX FYI) seit 2016 zeigt eine interessante Zyklik. Die roten Kreise markieren jeweils den 30. Juni des Jahres - den letzten Tag...

BHP erwartet nie dagewesene Steigerung der Nickelnachfrage

BHP erwartet nie dagewesene Steigerung der Nickelnachfrage

03.08.2022
Hits:425

Der weltweit führende Bergbaukonzern BHP (ASX: BHP), erwartet in den kommenden Jahrzehnten eine nie dagewesene Steigerung der Nachfrage nach Nickel. Insbesondere der Anstieg der Elektromobilität werde die Nickelnachfrage in den...

Gold – Sommerrally kann beginnen

Gold – Sommerrally kann beginnen

03.08.2022
Hits:231

von Florian Grummes, 27.07.2021 1. Rückblick Der Goldpreis erzielt am 8.März 2022 mit Kursen um 2.070 USD einen wichtigen Hochpunkt und ist seitdem in den letzten dreieinhalb Monaten in einen...

Starke Lithiumnachfrage sorgt weiter für hohe Preise und Druck auf die Lieferkette

Starke Lithiumnachfrage sorgt weiter für hohe Preise und Druck auf die Lieferkette

02.08.2022
Hits:389

„Die Lithiumindustrie könnte Schwierigkeiten haben, die wachsende Nachfrage nach Elektrofahrzeugen zu befriedigen, wenn nicht in den nächsten zwei Jahren neue Projekte schnell hochgefahren werden“. Zu diesem Schluss gelangt der weltweite...

US-Atomaufsichtsbehörde gibt grünes Licht für den ersten kleinen modularen Reaktor

US-Atomaufsichtsbehörde gibt grünes Licht für den ersten kleinen modularen Reaktor

02.08.2022
Hits:286

Während man sich in der deutschen Politik noch nicht einmal auf den Streckbetrieb der drei bestehenden Atomkraftwerke bis ins kommende Jahr einigen kann, wird anderswo auf der Welt bereits an...

Follow the Money: Milliardär Creasy steigt bei Conico JV-Partner Greenstone Resources ein

Follow the Money: Milliardär Creasy steigt bei Conico JV-Partner Greenstone Resources ein

01.08.2022
Hits:672

Die australische Presse hat den Milliardär Mark Creasy – seines Zeichens Hauptaktionär von Galileo Mining (ASX: GAL) – als "strategischen Bergbauinvestor" geoutet, der im Juni für rund 2 Mio. AUD...

Nova Minerals: Die Entwicklung des Estelle-Goldprojekts ist im zweiten Quartal gut vorangekommen

Nova Minerals: Die Entwicklung des Estelle-Goldprojekts ist im zweiten Quartal gut vorangekommen

01.08.2022
Hits:280

Für Nova Minerals Limited (ASX: NVA, FSE: QM3) war das zweite Quartal 2022 nicht nur ein arbeitsreicher, sondern auch ein sehr erfolgreicher Zeitraum, sowohl geologisch wie auch finanziell, denn das...

Die Welt macht sich Sorgen über die wachsende Knappheit auf dem Quarzsandmarkt

Die Welt macht sich Sorgen über die wachsende Knappheit auf dem Quarzsandmarkt

29.07.2022
Hits:458

Die Überschrift ist eine Übertreibung, denn tatsächlich werden sich die wenigsten je über die Endlichkeit der Ressource Sand Gedanken gemacht haben. Der Quarzsandmarkt wächst jährlich um 6 Prozent und soll...

Goliath Resources geht „All-In“ und holt jetzt auch noch fünftes Bohrgerät auf Surebet

Goliath Resources geht „All-In“ und holt jetzt auch noch fünftes Bohrgerät auf Surebet

28.07.2022
Hits:290

Statt der geplanten 24.000 Meter will Goliath Resources (TSXV: GOT; FRA: B4IF) in dieser Saison bekanntlich 27.000 Meter bohren und setzt deshalb ab sofort ein fünftes Bohrgerät auf seinem Golddigger...

Auf dem La-Plata-Projekt startet die neue Bohrkampagne

Auf dem La-Plata-Projekt startet die neue Bohrkampagne

28.07.2022
Hits:265

Nachdem Anfang Juli das neue Bohrprogramm auf dem Keno-Hill-Silberprojekt in der kanadischen Yukon-Provinz gestartet wurde, beginnt Metallic Minerals Corp. (TSX-V: MMG, FSE: 9MM1) nun auch auf seinem La-Plata-Silber-Gold-Kupfer-Projekt im US-Bundesstaat...

Steht der Bitcoin vor einem parabolischen Wachstum?

Steht der Bitcoin vor einem parabolischen Wachstum?

28.07.2022
Hits:465

Die Bitcoin- und Etherium-Produktion von HIVE Blockchain Technologies Ltd. (TSX-V und NASDAQ: HIVE, FSE: HBFA) ist nicht nur zum jetzigen Zeitpunkt bereits profitabel und wirft hohe Gewinne ab. Das Unternehmen...

Queensland Gold Hills: Erstes Bohrprogramm auf Big Hill liefert nicht die erhofften Goldgehalte

Queensland Gold Hills: Erstes Bohrprogramm auf Big Hill liefert nicht die erhofften Goldgehalte

28.07.2022
Hits:202

Auch das gehört zur Exploration. Queensland Gold Hills Corp. (TSXV: OZAU; FRA: MB3) hat bei seiner ersten Bohrkampagne auf dem Grundstück Big Hill im historischen Goldfeld Talgai in Queensland, Australien,...

Rosa Diamant mit 170 Karat auf Lulo entdeckt

Rosa Diamant mit 170 Karat auf Lulo entdeckt

27.07.2022
Hits:425

Einen der größten rosafarbenen Diamanten, der weltweit jemals gefördert wurde, hat die Lucapa Diamond Company Ltd. (ASX: LOM, FSE: NHY) zusammen mit ihren Partnern auf der Lulo-Diamanten-Mine in Angola gefördert....

Conico Ltd: Showtime auf Ryberg-Projekt in Ost-Grönland

Conico Ltd: Showtime auf Ryberg-Projekt in Ost-Grönland

26.07.2022
Hits:686

In dürren Worten hat Conico Ltd. (ASX: CNJ; FRA: BDD) mitgeteilt, dass die Bohrungen auf seinem Flaggschiffprojekt Ryberg in Ost-Grönland begonnen haben. Außerdem ist eine Crew mit dem Schiff mittlerweile...

Brixton Metals erhält erste Earn-In Zahlung von Pacific Bay Minerals Ltd. für Atlin Goldfields Projekt

Brixton Metals erhält erste Earn-In Zahlung von Pacific Bay Minerals Ltd. für Atlin Goldfields Projekt

21.07.2022
Hits:529

Brixton Metals Corporation (TSX-V: BBB;  OTCQB: BBBXF; FRA: 8BX1) hat von seinem Partner Pacific Bay Minerals Ltd. (TSXV: PBM) die erste Earn-In-Zahlung erhalten für das Projekt Atlin Goldfields erhalten..

Excellon meldet solide Produktion auf Platosa Mine im 2. Quartal 2022

Excellon meldet solide Produktion auf Platosa Mine im 2. Quartal 2022

21.07.2022
Hits:367

Excellon Resources Inc. (TSX:EXN; NYSE:EXN; FRA:E4X2) meldet von seiner Platosa Mine in Durango Mexiko ein solide Produktion im 2. Quartal 2022. Nach der Arbeitskampfmaßnahme bei Platosa im März 2022 wurde...

Saison-Halbzeit: Sitka Gold meldet 100 Prozent Trefferquote in allen Bohrungen auf RC Projekt

Saison-Halbzeit: Sitka Gold meldet 100 Prozent Trefferquote in allen Bohrungen auf RC Projekt

21.07.2022
Hits:417

Solange keine Laborergebnisse vorliegen, müssen sich Geologen bei der Goldexploration auf den Augenschein verlassen. Einer der zuverlässigsten Hinweise für den Bohrerfolg ist das Vorkommen von sichtbarem Gold. Genau dieses Phänomen...