Tag: Small Cap

Titan divests assets to focus on flagship Ecuadorian gold project

Titan divests assets to focus on flagship Ecuadorian gold project

Titan Minerals Ltd (ASX:TTM) this week came to agreement to divest its non-core assets in Peru. In doing so, the company is now freed up to focus on its key Ecuadorian assets, including the development of its flagship Dynasty Gold Project and the Copper Duke Project in Ecuador. Dynasty is an advanced stage exploration project located in the Loja Province of southern Ecuador currently hosting a 2.1Moz Au foreign resource estimate averaging 4.5g/t gold reported in compliance with Canadian NI 43-101 standards. Titan reported assay results in July for diamond drilling completed at the Dynasty Gold Project that further support an emerging large-scale gold system and extend known mineralisation that remains open in multiple directions and at depth. The commencement...

Pursuit Minerals chases Arizona’s alluvial gold

Pursuit Minerals chases Arizona’s alluvial gold

China’s latest sanctions against the US are the latest factors keeping the gold price at near record highs – above $2,000/ounce. The strength in gold is widely expected to continue given the ongoing uncertainty around the longer-term economic impacts of the COVID-19 pandemic, the large government stimulus packages, uncertainty in equity markets, and negative real yields in much of the developed world. Given that backdrop, some forecasters are now anticipating a rise to $3,000/ounce or more. While gold’s rise has been well publicised, the recent strength in silver prices has been largely overshadowed. Silver gained 35% in July and has continued its strength into August. Relative to historical levels, silver remains cheap compared to gold and looks due to catch up....

Galileo, the next Fraser Range nickel success story?

Galileo, the next Fraser Range nickel success story?

Galileo, the next Fraser Range nickel success story? In December 2019, Legend Mining (ASX: LEG) catapulted to a $200 million market capitalisation after exploration drilling revealed a nickel-sulphide discovery at its Rockford Project’s Mawson Prospect in the Fraser Range nickel belt in Western Australia. The stock doubled in price in a single day on speculation that the exploration drilling was the first sign of Mawson being the region’s “next Nova discovery”. Prior to this, the 2012 discovery of the Nova nickel deposit, also in the Fraser Range nickel belt, shot Sirius Resources to fame, returning shareholders a return of circa 10,000% in a matter of months and led to Sirius’ acquisition by Independence Group (ASX:IGO) for $1.8 billion. Located 50...

XCD Energy Confirms 1.6BN Barrel Prospective Resource on Alaska’s North Slope

XCD Energy Confirms 1.6BN Barrel Prospective Resource on Alaska’s North Slope

XCD Energy Confirms 1.6BN Barrel Prospective Resource on Alaska's North Slope Meagan Evans HOME to multiple multi-billion barrel oil discoveries, including the 25 billon barrel Prudhoe Bay, US$250 million is being ploughed into the North Slope of Alaska for exploration drilling this year, led by ConocoPhillips (NYSE:COP) who is drilling eight wells. ASX oil junior, XCD Energy (ASX:XCD) — a new arrival on the North Slope, has a 100% working interest in one of the world’s newest, highly prospective onshore oil plays. Located on the highly prospective Nanushuk trend on the North Slope, XCD’s 100%-owned Peregrine Project is directly adjacent to ConocoPhillips’ large acreage position at its Willow discovery — a US$5 billion 450–800 MMBOE project with potential for 100,000...