Sunday, April 22, 2018

Metallis Resources Inc. - MTS.v

Metallis Resources Inc. - MTS.v is focused on the flagship Kirkham Property situated in the Golden Triangle in Northern British Columbia.
On March 2, 2018 the company released News

Metallis Resources Inc. announces it has engaged GEOTECH Ltd. to commence work on a 404-line/kilometer airborne versatile time-domain electromagnetic survey over its Thunder North and Thunder South nickel targets on its 100% owned Kirkham Property. The proposed infill VTEM survey at 83.3m line-spacing is designed to detect much higher resolution geophysical signature of the magmatic nickel sulphide targets at Thunder North and Thunder South.







https://pennystockjournal.blogspot.com/2017/09/metallis-resources-inc-mtsv.html

Friday, April 20, 2018

Teranga Gold Corp. - TGZ.t

Teranga Gold Corp. - TGZ.t operates the flagship Sabodala gold mine, which came into operation in 2009, and is located 650 kilometres southeast of the capital of Senegal, Dakar.
On April 16, 2018 the company released News

C-Zone results include 21.86 g/t gold over 7 metres and 6.03 g/t gold over 10 metres

Teranga Gold Corporation is pleased to announce that its phase 2 diamond drill program at the C-Zone prospect on the Golden Hill property in Burkina Faso, West Africa has returned near surface and deeper high-grade gold intersections.











Wednesday, April 18, 2018

Namibia Rare Earths Inc. - NRE.v

Namibia Rare Earths Inc. - NRE.v holds a diversified portfolio of critical metals projects in Namibia. In early 2018 the Company acquired a portfolio of projects from Gecko Namibia (Pty) Ltd. which expanded its interests into a variety of commodities including cobalt, copper, lithium, graphite, tantalum, niobium, vanadium, nickel and gold.
On March 28, 2018 the co released News

Namibia Rare Earths Inc. today announced it intends to complete a non-brokered private placement in the amount of up to $3,000,000 consisting of common shares offered at a price of $0.185 per common share being the closing price of the common shares of the Company on March 27, 2018. The volume weighted added trading price of the common shares over the last 10 days was $0.197. A maximum of 16,216,216 common shares of Namibia Rare Earths will be issued pursuant to the Private Placement. The Private Placement is subject to the approval of the TSX Venture Exchange.










Tuesday, April 17, 2018

Novo Resources Inc - NVO.v

Novo Resources Inc - NVO.v owns the approximately 10 square kilometer Beatons Creek Tenements in Western Australia and has the right to earn a 70% interest in the approximately 1,800 square kilometer Pilbara Paleoplacer Gold Project in Western Australia.
On March 13, 2018 the co released News

All of Novo Resources Corp.'s 3,927,884 share purchase warrants issued in a private placement which closed on March 8, 2016, have been exercised, raising gross proceeds of $3,338,701. Novo's current cash balance stands at approximately $69.5-million.
Shares of Novo Resources have been on a climb since the company announced on July 12 it had found gold nuggets up to 4 cm long during trenching at its Purdy’s Reward paleoplacer gold prospect in Western Australia. The company’s stock nearly tripled from 96¢, only to gain another 33¢ to $3.15 per share on Aug. 8, when assay results of a 700-kg bulk sample delivered 87.8 grams gold per tonne and 46.1 grams per tonne. The sample represents the top metre of an 11-metre thick stacked sequence of mineralized conglomerates, similar in style to deposits seen within South Africa’s 1.5 billion oz. gold Witwatersrand Basin.

The watermelon-seed shaped nuggets were originally eroded out of an ancient gold system and re-deposited via rivers in a large outwash zone. Novo has traced the nugget-rich, 2.7 billion year old conglomeratic package almost continuously along an 8-km strike length. The rocks dip 10 degrees to the southeast under a cover of basalts.