$FIL.TO @Filo Reports 1,406m @ 1.13% #Copper CuEq, incl. 56m @ 5.79% CuEq

$FIL.TO @Filo Reports 1,406m @ 1.13% #Copper CuEq, incl.  56m @ 5.79% CuEq; Geotech Hole Encounters Unexpected 12m at 5.21 g/t #Gold from 36m,  600m east of the Aurora Zone.

Drilling is ongoing with nine rigs active on the project, focusing on Aurora infill and the Aurora-Bonita gap.

Major-Junior #Mining Exploration Investments lukewarm in 2022

The number of major company investments in early-stage exploration through project earn-ins and purchases, and junior company acquisitions and financings fell to a seven-year low in 2022.

Gold favored target despite lackluster investment

Despite the high market price for gold — on par with 2021 — exploration investment for gold fell considerably in 2022, following the overall trend in the majors' early-stage investment. The yellow metal nevertheless remained the favored target, accounting for more than half of the number of transactions and two-thirds of the financings.

Unsurprisingly, the highest-valued financing and acquisition were both for gold.

…

Major early-stage exploration investment in acquisitions and financings was lackluster in 2022, with the number of transactions halving year over year

Once again Filo hits it out of the park!! $FIL #FILyourboots

👏👏 to the team @Filo_Mining!! 🙌🙌💪💪

#Azimut continues to hit it out of the park at #Elmer! Drills 24.0 g/t #Gold Au over 18 m, incl. 38.7 g/t Au over 9 m, in the expanding #Patwon Gold Zone, Elmer Property, #Quebec

Azimut continues to hit it out of the park! 

Highlights from the news release of June 22, 2021

• Patwon remains wide open below 450 metres, with a possible gold grade increase with depth.
• Azimut's management considers Patwon to be one of the largest gold discoveries in the James Bay region since the discovery of the Éléonore deposit in 2004.
• The mineralized body is currently defined over a strike length of 500 metres and a minimum depth of 450 metres, where the mineralized system remains robust and open.

#Gold in the #Pilbara $DEG $NVO

It is easy to forget that the Pilbara, more often associated with iron ore, has a long history with gold, both in early gold rushes and more recently with active mines at Paulsens and Nullagine. DEG with its +1,000% return in 2020 is certainly putting Pilbara gold back on the map.

GMR goes into the story and the stocks which hit & looking to make it big! 

GMR: Pilbara Gold     Good Morning / Evening, today we focus on the Pilbara and gold, rather than the usual iron ore guff. If there is one thing a gold rush does, no matter what is reality and what is hype, it does prompt a lot of exploration activity. Sometimes the real discoveries emerge long after an area ceases to be the latest hot play. This appears to be the case in the Pilbara, with De Grey Mining (DEG, Mcap US$0.7B) announcing a significant new discovery at Hemi long after the conglomerate-hosted gold craze of 2017 is but a distant memory. So, for gold the Pilbara is a region where fortunes can be made (DEG shooting from 5¢ to 90¢ in 2020) but also lost such as the Millennium Minerals collapse late last year. In DEG's case does the prospectivity justify the price?

Integra Resources' $ITR.v #DeLamar #Gold project in #Idaho gearing up for a potentially very interesting summer and fall $IRRZF

"At $1350 the project has an NPV5 of $357M US with an IRR of 43% and a 2.35 year payback. At $1500, the NPV increases nearly 30% and at $1700 it rises by nearly 70%."

"What could potentially be uncovered and thus the future prospects of the project is where my excitement is focused on today."

Integra Resources ($ITR.V | $IRRZF) with its DeLamar Gold project in Idaho is gearing up for what could potentially be an interesting summer and fall.  

EconomicAlpha's High Grade Blog has a great write up on the project and company. 

Integra Resources – A Summer and Fall To Watch

Posted on June 21, 2020 by EconomicAlpha

Integra Resources ($ITR.V | $IRRZF) with its DeLamar Gold project in Idaho is gearing up for what could potentially be an interesting summer and fall. On its recent investor deck, Integra states "DeLamar has what it takes to be a mine. The PEA has demonstrated an economically robust, low cost operation." This is certainly valid and a nice determination of where they have been. What could potentially be uncovered and thus the future prospects of the project is where my excitement is focused on today.

Integra last year put out a robust PEA that envisages a project that will produce 124,000 ounces gold equivalent with a LOM AISC of $619 net of silver by-product with a 10 year mine life at a reasonable capital cost of US $161M. A very nice starting point.

Junior #MiningStocks Investor Checklist How to Avoid Common Mistakes -Part 1: Team

Junior mining stocks - small publicly-traded companies looking to hit the jackpot with a big discovery - are well-known for offering both extremely High Returns, with the correspondingly High Risk.

In  order to help the investor separate the wheat from the chaff among the universe of thousands of available companies out there, Visual Capitalist, in partnership with Eclipse Gold Mining, is putting together a five-part series on the mistakes investors commonly make when evaluating mining exploration stocks. 

The first instalment covers the Management Team, focusing on what to look for, including the characters you’ll want to avoid! 

The second part covers the Business Plan, or lack thereof!  The upcoming parts in the series will cover jurisdiction, project quality, and more.

From Visual Capitalist:

Management Team Checklist

If you’ve ever researched mining exploration stocks before, it doesn’t take long to realize that every company will talk about how “great” their team is.

Here’s a few steps to ensure that the team is actually great — and not filled with pretenders.

Step 1: Avoid the Bad Characters

The mining stock universe can be filled with interesting and amusing characters, but many of them are not there to generate you a return. Here are the personas you should aim to avoid:

1. 

   The Pump n’ Dumper

   Accumulates stock at insanely low prices, raises money, and then uses gray-area promotional strategies. Sells stock as soon as price is high enough to make a profit.

Bravo! Great Bear @greatBearGBR Drills 30.51 g/t #Gold Over 12.40 m at LP Fault $GBR.v

Great Bear Drills 30.51 g/t Gold Over 12.40 m at LP Fault

June 8, 2020 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, "The LP Fault continues to demonstrate excellent continuity of near-surface high-grade gold, and has just yielded the highest-grade, widest drill interval to date.  Deeper drilling towards the northwest margin of our planned grid program has also extended high-grade gold mineralization in this area.  Having completed our upsized private placement, we have over $50 million in cash and sufficient capital to continue aggressive drilling into 2022.  Updated exploration plans reflective of our ability to undertake an expanded fully-funded drill program will be provided in the near future."

The Company has completed 111 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometre long by 500 metre deep grid drill program.  Current drill hole locations and results are provided in Figure 1, and in Table 1, respectively.  An updated long section of the LP Fault drilling is provided in Figure 2.

Drill Results Highlights:

New drill hole BR-133 on section 20050 was completed in a 140 metre gap in drilling.  It contained multiple mineralized intervals, highlights of which include:

• 30.51 g/t gold over 12.40 metres, including 103.56 g/t gold over 1.10 metres, within a broader interval of 15.45 g/t gold over 25.15 metres, beginning at 163.35 metres down hole. Figure 3.
• This is the widest, highest-grade gold interval drilled at the LP Fault to date.  Mineralization is present at the bedrock surface.

#Digbee to bring “transparency and clarity to the #mining sector” with its #BigData & research #digital platform

Digbee is on the cusp of launching a ground-breaking accredited independent peer review system for complex mining projects

Founder Jamie Strauss is bringing to bear his years of experience in the mining industry

Founder Jamie Strauss is bringing to bear his years of experience in the mining industry

Jamie Strauss, the founder of Digbee, frames the process of making investment decisions in the mining sector in a remarkably simple way.

"People just want to know if the science has been done properly," he says.

"Or alternatively, are you trying to con me?"

It's a conundrum that has vexed mining company investment decision-makers for years, but one which is about to be solved by new products that are being launched by Digbee, Strauss's new company that aims, according to the strapline on its website [www.thedigbee.com], to bring "transparency and clarity to the mining sector."

Digbee is unique because it provides on-demand, cost-effective and easy-to-digest technical mining analysis using an expert network of accredited mining professionals that helps improve critical decisions and mitigate risk

More precisely, says Strauss, "Digbee offers accredited peer reviews of complex mining projects, with a specific focus on geology, metallurgy, mine engineering and project infrastructure."

As Strauss tells it, the demand for this sort of product can only grow.

2019 #Gold #Mining exploration budget recovery falters for the first time since 2016

For the first time since 2016, global nonferrous exploration budget decreased due to difficult market conditions and high-profile M&A activity.

• Estimated global nonferrous exploration budget falls 3% year over year to US$9.8 billion from US$10.1 billion in 2019

• Merger & acquisition activity in the mining sector is the key driver of budget reductions

• Base metals outpace gold as explorers decrease their gold budget by US$559 million year over year to US$4.29 billion — the largest decrease for any commodity

• Australia attracts largest budget increase, to surpass Canadian budget for the first time since 2001

See the whole report here:

bit.ly/MasterMetals

________________________

#Egypt #Mining: Minster sends Mineral #Resources Act to Parliament for review , hoping to end current outdated framework better suited to oil & gas

the amendments were made primarily to draw investments in the flagging mining sector, which holds world-class potential, but is hobbled by an outdated economic framework better suited to the oil and gas industry. El Molla noted that the ministry will begin immediately implementing the reforms laid out by consultancy Wood Mackenzie as soon as the House passes the amendments. 

Mineral Resources Act sent to House for review

Monday, 19 November 2018

LEGISLATION WATCH- Amendments to Mineral Resources Act sent to House: The government has sent long-awaited draft amendments to the Mineral Resources Act to the House of Representatives for review, Oil Minister Tarek El Molla said. El Molla reiterated that the amendments were made primarily to draw investments in the flagging mining sector, which holds world-class potential, but is hobbled by an outdated economic framework better suited to the oil and gas industry. El Molla noted that the ministry will begin immediately implementing the reforms laid out by consultancy Wood Mackenzie as soon as the House passes the amendments. Wood Mackenzie had been contracted by an affiliate of the Oil Ministry to lay out an appropriate development strategy for the sector.

El Molla expects the law's executive regulations will be issued within six months of the bill passing in the House of Representatives and being signed into law by President Abdel Fattah El Sisi.

Background: While few details of the bill have been revealed, we expect it will see Egypt scrap its oil-and-gas-style production sharing agreement and move to a tax, rent and royalty model, eliminating the requirement that miners enter into 50:50 JVs with the sector's regulator. It's also expected to allow exploration companies to acquire exploration ground without first obtaining exploration licenses. The amendments, which aim to attract significant foreign interest in the nation's mining sector, have been praised by industry leaders.

See the article online here: https://enterprise.press/stories/2018/11/19/mineral-resources-act-sent-to-house-for-review/

What are the steps to finding a #Mine? #Exploration #Infographic

Courtesy of: Visual Capitalist

Finding a new deposit is tough, but here's how to better your odds. This infographic shows the steps of mineral exploration, from prospecting to production.

Infographic: The Mineral Exploration Roadmap:







The MasterMetals Blog

@MasterMetals

After years of underinvestment, #Miners finally increasing #Exploration spending in Hunt for new deposits Bloomberg

• 
  Exploration Spending forecast to rise more than 75% through 2025 to $18 Billion: MinEx
• Discovery of world-class deposits has slowed in past decade

https://www.bloomberg.com/news/articles/2017-03-23/miners-regain-mojo-to-spark-18-billion-in-global-exploration

Miners Regain Mojo to Spark $18 Billion in Exploration Hunt

More stories by David Stringer

by

David Stringer

March 23, 2017, 7:00 PM GMT+1 March 24, 2017, 9:44 AM GMT+1

• Spending forecast to rise more than 75% through 2025: MinEx
• Discovery of world-class deposits has slowed in past decade

A rebound in exploration by global miners could see spending hit $18 billion by 2025 with China the front runner in the search for a new generation of giant discoveries.

Exploration budgets are rising after they plunged to an 11-year low of about $10 billion last year as mining companies slashed costs in the wake of a collapse in prices, according to Richard Schodde, managing director of Melbourne-based MinEx Consulting Pty, an industry adviser.

"We are coming out of the bottom of the cycle. I actually see the opportunity for the exploration sector to regain its mojo and quickly deliver a pipeline of good discoveries," Schodde said in an e-mailed response to questions. "It's catch-up time for the industry."

China, the top spender on exploration, is likely to continue to dominate in the hunt for new deposits, while Canada and Ecuador are currently among hot targets for more investment by miners, according to Schodde. The U.S. could be poised for a rise in exploration with President Donald Trump regarded as likely to be more favorable toward resource development, S&P Global Market Intelligence said in a report published in January.

Discoveries of so-called tier one projects, deposits with a net present value of more than $1 billion, have stalled. Only 12 were uncovered in the past decade compared to an average of two to three a year since 1950, according to MinEx. The average cost of finding a significant mineral deposit has tripled in the last 10 years to about $238 million, the consultancy said in a March 6 presentation.

China, the target of more than a quarter of global exploration spending in 2016, is yet to reap major rewards. An estimated $42 billion spent on the nation's hunt for new mines since 2007 has seen only two large discoveries announced and found a total slate of projects worth about $13 billion, according to MinEx. Global exploration budgets peaked in 2012 at $33 billion, the data show.

#Mexico will see significant growth from the coming huge private investment in #energy #MasterEnergy

Total private investment in energy may reach $161bn between 2014 and 2020.

Mexico counting on huge private investment in energy

Beyondbrics - FT.com

Mexico’s energy reform is all about boosting investment and thus production. But the million dollar question is: just how much investment will flood in, and to what type of resource, when fields are put on the block starting from next year?

Ernesto Marcos, a former CFO of Pemex, the Mexican state company, has hazarded what looks like the first comprehensive guess.

His estimates, which Franklin Templeton Investments publishes in a note to clients, reckon that Mexico can count on $29bn in private investment in energy in 2018, the end of the administration of Enrique Peña Nieto, equivalent to 1.9 per cent of GDP. In 2020, the investment total could be $50bn, or 3 per cent of GDP, he reckons. Total private investment in energy may reach $161bn between 2014 and 2020.

How will the investment be broken down per sector? Mexico, after all, has a wealth of opportunities, including shale plays that are the geological continuation of US formations, and deep-water riches. But shale faces significant challenges including lack of water and infrastructure, and being located in areas prone to drug cartel violence that will add security concerns. Hydrocarbons in the depths of the Gulf of Mexico will take big investment and many years to extract.

Shale, not unsurprisingly, is expected to get off to a slow start with investment of $1bn next year. But it could gather pace speedily to $3bn in 2017, $6bn in 2018, $9bn in 2019 and $12bn in 2020, when Marcos’ consultancy, Marcos & Asociados, expects it to account for more than a fifth of all private energy investment in Mexico.

Investment in deep-water prospects is also expected to hit $6bn by the end of this administration, increasing to $9bn by 2020. The slightly slower pace underscores how much of a long-term investment deep-water is.

Most investment next year is likely in mature fields and gas pipelines. Gas processing is expected to take off from 2018, while mature fields and refinery modernisations will attract some $6bn each in 2020, according to the forecast.

Here are Marcos & Asociados’ estimates in full:

Source: Franklin Templeton Investments

So with Mexico’s economy set to grow still below initial expectations – the government is forecasting 3.7 per cent for next year – just how much will all this hydrocarbons investment boost the economy?

Significantly, Franklin Templeton says:

We still do not have a macroeconomic model that will translate this additional investment into growth for the Mexican economy. However, similar experiences of liberalising the energy sector in Brazil and Colombia indicate a multiplier effect from the additional investment of at least 1:1 on GDP.

We also have to take into account that these estmates do not include additional investment from the opening up of the electricity sector. This implies that an estimate of a level of growth of another 2 per cent of GDP from 2018 onwards ould be reasonable.

Of course, Pemex, the state oil company that is losing its monopoly, will continue to be a major player: Its investment budget from 2014-2020 alone is $209bn. Put that together with private investment and Mexico’s hydrocarbons sector is expected to suck in a whopping $370bn by 2020.

Fasten your seatbelts then. Mexico’s energy sector looks like being an exciting ride.

Read the article online on beyondbrics: Mexico counting on huge private investment in energy – beyondbrics - Blogs - FT.com

#Gold #exploration budgets reach all-time high of +$6 billion in 2012, but still failing to replace production | SNL

Gold exploration budgets reach all-time high of more than $6 billion in 2012, but discoveries fall short of replacing production.


Major gold discoveries failing to replace production
September 15, 2013 9:03 PM ET

By Jim Lowrey


Gold exploration budgets directed at finding and defining new discoveries — grassroots plus 75% of late-stage — have increased significantly since 1999 and reached an all-time high of more than US$6 billion in 2012, according to "Strategies for Gold Reserves Replacement 2013 — Update," a study recently completed by SNL Metals Economics Group.


As it takes at least three years to define a major discovery (a minimum of 2 million ounces of contained gold), it is too early to judge the success of recent exploration efforts; however, data for 1990-2012 show that the total gold found in major discoveries fell short of replacing global gold production, particularly over the past 15 years.


From 1990-1997, companies' annual discovery-oriented gold exploration budget total more than doubled from US$930 million to almost US$2.2 billion, and the average cost per discovery of the 103 discoveries made during that period was US$94.4 million. From 1998-2002, exploration budgets slumped along with gold prices, and the average cost among the 31 discoveries in the period was US$132.7 million. Driven largely by rising gold prices, exploration budgets increased an average of 31% annually from 2003-2012, with the exception of a dip in 2009. Excluding the past three years to account for underexplored new deposits, the average cost per discovery among the 69 made from 2003-2009 increased to US$202.5 million.