Gold Targets Popular with Aussie Cofunded Drill Program

Source: Ministerial Media Statements, Norman Moore (6/9/11)

"Australia's drill program provides up to 50% of drilling costs."

Ministerial Media Statements, Norman Moore, Minister for Mines

The State Government's current round of the Cofunded Exploration Drilling Program shows that gold remains the most sought after commodity, featuring in 49% of applications.

Mines and Petroleum Minister Norman Moore said programs such as this gave companies an extra incentive to drill in underexplored areas, which was the key to the continuity of Western Australia's robust mining industry future.

"Again gold was the commodity that featured in most successful applications with 26 projects listing it as the main target, or as one of the commodities sought," Mr Moore said.

"Gold was followed by copper in 17 projects, nickel in 10 and iron for nine projects. Other commodities being explored include platinum group elements, zinc, lead, uranium and manganese.

This application round, which closed on March 25, resulted in 53 successful applications. Applications included nine from prospectors for drilling programs which will be undertaken between July 2011 and the end of June 2012.

General applicants will share in $4.5M while prospectors are being offered $196,000.

The Cofunded Industry Drilling Program provides cofunding of up to 50% of direct drilling costs with caps of $150,000 for a multi-hole project, $200,000 for a single deep hole and $30,000 for a prospector's project. Payment is made to successful applicants after the completion of their drilling programs.

Another round of cofunded drilling will be advertised from August 2011—calling for applications in September-October 2011 for projects to be undertaken between January 2012 and the end of December 2012.

The cofunded Industry Drilling Program is part of the five year $80million Exploration Incentive Scheme (EIS) funded out of the Royalties for Regions Initiative, which the Western Australian Government announced in April 2009 to stimulate innovative exploration drilling in underexplored areas of the State. The program is administered by the Department of Mines and Petroleum.

Gold Explorer Highlights 2020 Achievements and Outlook
Source: Streetwise Reports (01/29/2021)

Magna Gold Corp.'s CEO Arturo Bonillas issued a letter to shareholders outlining the firm's business and financial accomplishments in 2020 and its strategy and outlook for 2021.

Cabral Gold's channel samples at the JM target provide "further evidence that numerous high-grade veins occur within the Cuiú Cuiú district."

Explorer Completes Phase 2 Metallurgical Work for Palladium-Copper Project
Source: Streetwise Reports (01/28/2021)

Generation Mining intends to wrap up the feasibility study on Marathon this quarter.

Silver Firm Reports Q4/20 Processing, Production Numbers from Mexico Project
Source: Streetwise Reports (01/28/2021)

MAG Silver's joint venture project Juanicipio produced 230,000 ounces of silver during the quarter ended Dec. 31, 2020.

Explorer Reports High-Grade Gold-Silver Intercepts at BC Golden Triangle Property
Source: Streetwise Reports (01/27/2021)

Scottie Resources Corp. advises that the target remains open in most directions.

Golden Arrow Resources Out Exploring Again After COVID-19; Hits High-Grade Gold at Tierra Dorada in Paraguay
Source: The Critical Investor for Streetwise Reports (01/27/2021)

The Critical Investor explains why he believes "investors have an interesting opportunity to invest in a pretty derisked, undervalued and experienced explorer with three chances for success."

Junior Mining Sector 'the Best Value in the Space'
Source: Streetwise Reports (01/27/2021)

The StreetSmart Live! Broadcast on Jan. 26, 2021, focused on metals and why now is a good time for investors to be looking at them and the mining space. John Newell, independent analyst and portfolio manager, and John Feneck, mining sector expert and president of Feneck Consulting, addressed the status of the current metals market. CEOs of the three metals-focused companies comprising the Metallic Group of Companies—Group Ten Metals, Metallic Minerals and Granite Creek Copper—discussed their projects.

Shenanigans Abound: Gold, Silver and Cryptocurrency
Source: Michael Ballanger for Streetwise Reports (01/26/2021)

Sector expert Michael Ballanger explores the generational trends currently shaping investment markets, including the precious metals.

MMT Survey Helps Explorer Identify New Large Target at Ecuador Property
Source: Streetwise Reports (01/26/2021)

Aurania Resources reported that data from an ongoing Mobile MT Survey identified an extensive target at Tsenken at its Lost Cities - Cutucu Project in southeastern Ecuador.