Impact: Neutral Monarques Gold has announced that it plans to suspend production at the company’s Beaufor Mine in Quebec as of December 14, 2018 and place the mine on care and maintenance.
Impact: Positive Brixton Metals has announced that it has intersected a kimberlitic body in three drill holes at its Langis project in the Cobalt Camp of Ontario while targeting cobalt-nickel-silver mineralization in the shallow Archean rocks.
Impact: Mildly Positive Honey Badger Exploration announced that it has received all the initial assay results from the Spring 2018 drilling program at its Thunder Bay Co-Ag project.
Impact: Positive Standard Lithium released initial sampling results from its 30,000 acre project on the Smackover Formation in Southwestern Arkansas. We view the results positively, as they represent good Li grades, particular when you consider the in-place infrastructure.
Impact: Mildly Positive Pacton Gold has announced that it has entered into a binding letter of intent (LOI) to acquire the conglomerate gold rights from Calidus Resources Limited (ASX:CAI) over a portfolio of eight exploration licenses, which includes six granted exploration licenses and two exploration licenses under application for a total of 357.5 sq. km within the Pilbara region of Western Australia.
Impact: Positive Adventus Zinc has additional drill results from the infill drilling program on the El Domo VMS deposit, a part of the Curipamba project in Ecuador.
Impact: Mildly Positive Pacton Gold has agreed to terms to acquire the remaining 49% of Arrow Pilbara Pty Ltd, (currently owns 51%) from Arrow Minerals Limited (ASX:AMD), accelerating the previous Share Purchase and Option Agreement to acquire 80% of the company. The remaining 49% is being acquired for C$1M in cash and the issue of 2M shares of Pacton.
Impact: Neutral Monarques Gold has reported production results for its fourth quarter ending June 30, 2018 which were effectively in line with recent quarters.
Aston Bay Holdings Ltd (TSXV:BAY) – Aston Bay Acquires Jack’s Fork Exploration; Don Taylor Joins Team
Impact: Mildly Positive Aston Bay has entered into a definitive agreement with Jack’s Fork Exploration (JFE) to acquire all the issued and outstanding stock of the Delaware-based private company, to acquire the Blue Ridge Project located in central Virginia.
Impact: Mildly Positive Lupaka Gold has announced that the processing of mineralized development material has commenced at the Invicta Gold Development Project and the first concentrates have been successfully produced.