Saturday 10th December 2016

Resource Clips


Posts tagged ‘Allied Nevada Gold Corp (ANV)’

January 16th, 2014

EU lawmakers seal deal on financial market rules overhaul VantageWire
Bogus takeover bid makes Allied Nevada Gold an obvious target for shorts Stockhouse
Simon Moores’ 2014 graphite outlook: Price rebound, supply shift and new end uses Streetwise Reports
Fluorspar analysis: Q1 2014 outlook Industrial Minerals
Making your portfolio resilient to commodity prices GoldSeek
Pondering 2014 stock performance Equedia

January 15th, 2014

Allied Nevada Gold warns investors after takeover offer is withdrawn Stockhouse
Simon Moores’ 2014 graphite outlook: Price rebound, supply shift and new end uses Streetwise Reports
Federal reserve said to probe banks over Forex fixing VantageWire
Fluorspar analysis: Q1 2014 outlook Industrial Minerals
Making your portfolio resilient to commodity prices GoldSeek
Pondering 2014 stock performance Equedia

Canadian miners improve performance, but far from being out of the woods

November 7th, 2013

by Cecilia Jamasmie | November 7, 2013 | Reprinted by permission of MINING.com

Despite a slight improvement in performance during the third quarter of the year, Canadian miners are far from being out of the woods, Ernst & Young’s most recent Canadian Mining Eye index reveals.

The indicator—which tracks Canadian mining sector performance of 100 TSX and TSXV mid-tier and junior companies with market capitalizations between $1.4 billion and $55 million in Q3—increased 5% in the third quarter but fell 50% in the past 12 months.

Since about 51% of the companies that make up E&Y’s index own gold assets, the moderate recovery in bullion prices helped the sector. However its near-term performance remains unclear, as an uncertain outlook for metal prices continues to drive down investor interest, the quarterly study shows.

Miners continue to react to soft commodity prices by cutting or delaying investments, dumping non-core assets and looking for alternative financing options, note the experts.

The biggest losers this quarter, according to the report, were Karnalyte Resources TSX:KRN, Paladin Energy TSX:PDN, Lydian International TSX:LYD, Gabriel Resources TSX:GBU and Allied Nevada Gold TSX:ANV, whose share prices each dropped about 40%.

The report concludes that while the sector continues to face headwinds in raising capital, finance teams should work with operations closer than ever in order to plan scenarios to manage the risks related to uncertain metal prices.

Reprinted by permission of MINING.com

Allied Nevada reports NV Results of 1.84 g/t Gold, 122.4 g/t Silver over 11m

April 4th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningAllied Nevada Gold Corp TSX:ANV announced assays from its Hycroft Mine in Nevada. Highlights include

1.84 g/t gold and 122.4 g/t silver over 11 metres
0.51 g/t gold and 118.5 g/t silver over 31 metres
0.98 g/t gold and 59.7 g/t silver over 57 metres
1.64 g/t gold and 10.2 g/t silver over 17 metres
0.75 g/t gold and 45.6 g/t silver over 115 metres
0.65 g/t gold and 28.3 g/t silver over 43 metres
0.72 g/t gold and 16.2 g/t silver over 34 metres
0.48 g/t gold and 31.2 g/t silver over 96 metres

VP of Exploration Dave Flint commented, “We successfully completed the planned first-quarter drill program for 2012 and are pleased with the results. Drilling continues to intersect average to better-than-average grade material within the deposit.”

View Company Profile

Contact:
Scott Caldwell
President/CEO
775.358.4455

or Tracey Thom
VP of Investor Relations
775.789.0119

by Greg Klein

Allied Nevada reports Nevada Proven and Probable Reserves of 12.65M oz Gold, 481.88M oz Silver

February 24th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningAllied Nevada Gold Corp TSX:ANV announced proven and probable reserves from its Hycroft Property in Nevada.

Total proven and probable reserves for both heap leach and mill operations come to 1,134.67 million tonnes grading 0.01 g/t gold and 0.42 g/t silver for 12.65 million gold ounces and 481.88 million silver ounces.

Total measured and indicated resources for heap leach and mill operations come to 939.62 million tonnes grading 0.01 g/t gold and 0.25 g/t silver for 8.17 million gold ounces and 236.85 million silver ounces.

Total inferred resources for heap leach and mill operations come to 534.94 million tonnes grading 0.01 g/t gold and 0.25 g/t silver.

President/CEO Scott Caldwell comments, “We have successfully extended the mine life by continuing to focus our efforts on upgrading the resources at Hycroft. In 2012, drilling at Hycroft will be directed towards continuing to develop the current resource area as well as step-out targets on the greater Hycroft Property. We believe Hycroft is a world-class deposit that will sustain a long-life, low-cost production profile with significant regional potential.”

View Company Profile

Contact:
Scott Caldwell
President/CEO
775.358.4455

Contact:
Tracey Thom
VP of Investor Relations
775.789.01197

by Greg Klein

Allied Nevada reports Nevada Assays including 1.13 g/t Gold over 62m

January 10th, 2012

Resource Clips - essential news on junior gold mining and junior silver miningAllied Nevada Gold Corp TSX:ANV announced drill results from its Hycroft mine near Winnemucca, Nevada. Highlights include

0.82 g/t gold and 18.7 g/t silver over 23 metres
0.9 g/t gold and 17.4 g/t silver over 84 metres
0.91 g/t gold and 24 g/t silver over 41 metres
0.72 g/t gold and 22.8 g/t silver over 70 metres
0.81 g/t gold and 29.1 g/t silver over 17 metres
34.4 g/t silver over 24 metres
1.14 g/t gold over 35 metres
1.03 g/t gold over 26 metres
0.79 g/t gold and 130.4 g/t silver over 27 metres
40.5 g/t silver over 22 metres
0.79 g/t gold and 34 g/t silver over 20 metres
1.13 g/t gold and 33.2 g/t silver over 62 metres
1.11 g/t gold and 21 g/t silver over 12 metres
0.92 g/t gold and 22.5 g/t silver over 21 metres
1 g/t gold over 14 metres

VP Exploration Dave Flint stated, “We have successfully completed the drill program for 2011, as planned, and are very pleased with the results. We are on track to complete a revised block model for Hycroft, which will lead to an update to the reserve and resource estimate to be provided in the first quarter 2012.”

View Company Profile

Contact:
Scott Caldwell
President/CEO
775.358.4455

or Tracey Thom
VP Investor Relations
775.789.0119

by Ted Niles

Allied Nevada reports Nevada Assays up to 1.1 g/t Gold, 33.5 g/t Silver over 171m

December 13th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningAllied Nevada Gold Corp TSX:ANV announced results from its Hasbrouck project near Tonopah, Nevada. Assays include

0.7 g/t gold and 12 g/t silver over 55 metres
(including 8.3 g/t gold and 30.8 g/t silver over 3 metres)
1.1 g/t gold and 33.5 g/t silver over 171 metres
(including 2.4 g/t gold and 35.1 g/t silver over 32 metres)
1.2 g/t gold and 23.8 g/t silver over 30 metres
0.8 g/t gold and 19.1 g/t silver over 165 metres

The Hasbrouck project has an NI 43-101 mineral resource estimate of 459,000 ounces gold and 6.46 million ounces silver in the indicated category and 172,000 ounces gold and 1.59 million ounces silver inferred.

View Company Profile

Contact:
Scott Caldwell
President/CEO
775.358.4455

or Tracey Thom
VP Investor Relations
775.789.0119

by Ted Niles

Old Mine, New Lustre

November 7th, 2011

MAX Drills Nevada’s Historic Majuba Hil

By Greg Klein

“We’re excited,” says MAX Resource Corp TSX:MXR President/Director Stuart Rogers. “We can’t call it a new discovery because it used to be a mine. But we’re just thrilled with the results.” The object of his enthusiasm is the Majuba Hill Copper-Silver-Gold Property, now the focus of the company’s foray into Nevada.

“We’ve got long intervals of high-grade mineralization, and we now have gold in the system that hadn’t been identified before,” Rogers continues. “We’ve identified other areas to the east and northwest where we can explore. We’re permitted now, and we’re starting the drill up again now. The next step will be to prove up the size of this resource.”

MAX Drills Nevada's Historic Majuba Hill

MAX initially looked at three other Nevada properties with equal enthusiasm: Table Top (gold), East Manhattan Wash (gold) and Diamond Peak (gold-zinc-silver). Such were Rogers’ conflicting passions that in September 2010 he told ResourceClips.com, “My favourite property changes day to day, as the results come in.” But when the company began drilling Majuba Hill last June, the object of his ardour was set. The property’s Phase II drill program, announced October 31, confirms his new commitment.

An agreement with Claremont Nevada Mines LLC allows MAX to earn an initial 60% interest in Majuba Hill through US$6.5 million worth of exploration over six years. A further $3.5 million over two additional years would increase the interest to 75%. The vendor gets a 3% NSR, 1.5% of which may be purchased for $1.5 million.

Before 1947, Majuba Hill produced grades up to 12% copper and 1,244 grams per tonne silver. “It was high grade, just like the stuff the old guys mined by hand,” says Rogers. “These types of places are the best places to start when you want an open pit because you can see the high grade that’s left in the system.”

The company’s first Majuba Hill assays, released September 27, include

  • 37.5 g/t silver and 0.38% copper over 42.7 metres
    (including 364.6 g/t silver and 2.23% copper over 1.5 metres)
  • 4.3 g/t silver and 0.05% copper over 257 metres
    (including 12.3 g/t silver and 0.09% copper over 24.4 metres)

A fourth hole released October 12 shows

  • 16.5 g/t silver and 0.28% copper over 89.3 metres
    (including 71.6 g/t silver and 0.95% copper over 1.5 metres)

On October 25 MAX released the final four Phase I assays:

  • 39.2 g/t silver, 0.57% copper and 0.1 g/t gold over 96 metres
    (including 71 g/t silver, 1.14% copper and 0.15 g/t gold over 44.2 metres)
  • 50.8 g/t silver, 0.31% copper and 0.31 g/t gold over 50.3 metres
    (including 100.1 g/t silver, 0.53% copper and 0.56 g/t gold over 19.8 metres)
  • 15.4 g/t silver, 0.56% copper and 0.07 g/t gold over 45.7 metres
    (including 39.3 g/t silver, 0.54% copper and 0.11 g/t gold over 9.1 metres)
  • 3.08 g/t silver and 0.06% copper over 111.2 metres

By the time the last results were released, Rogers’ enthusiasm for Majuba Hill was unshakeable: “We’re getting the drill back on the property, and we’re going to drive this project like a truck. If you’ve got results like these, then follow up on them, maximize them.”

As for Phase II’s direction, “We’ve identified targets a couple of kilometres to the northwest and to the east [of the former producing mine] that we’re going to drill. If those holes show there’s some size to this, it will become a development project. We’re trying to go very quickly with the drilling to prove our theory that there’s size to this system,” Rogers says.

If those holes show there’s some size to this, it will become a development project. We’re trying to go very quickly with the drilling to prove our theory that there’s size to this system —Stuart Rogers

The project has yet to produce a resource estimate. “We could do an estimate with what’s been drilled already, but it’s not going to be the size we need to get attention,” he says. “What we’re looking at here is a copper-silver porphyry. We think it’s open-pitable, and right now the stripping ratio looks like it’ll be basically nothing.”

The 1,039-hectare property sits on the Western Nevada Gold Belt, about halfway between Allied Nevada’s TSX:ANV Hycroft Mine, which produced 102,483 ounces gold and 233,974 ounces silver in 2010, and Jipangu Inc’s Florida Canyon Mine, which produced 54,975 ounces gold and 39,903 ounces silver the same year. About 48 miles away lies Coeur d’Alene’s TSX:CDM Coeur Rochester Mine, with 2010 production numbers of 9,641 ounces gold and 2.02 million ounces silver.

Apart from productive neighbours, good infrastructure and a mining-friendly jurisdiction, Rogers emphasizes the company’s expertise—especially in Director/VP of Exploration Clancy Wendt. He’s a long-time Nevada hand who’s helped discover 12 gold deposits in that state alone.

Should the company take Majuba Hill into production, Wendt’s contacts would be especially useful. “Clancy knows the people we can bring in when we get to the development exercise,” Rogers says.

Notwithstanding his Majuba Hill passion, Rogers hasn’t forgotten East Manhattan Wash, “a large area of free gold, volcanic tuff and soil samples like 1.2 grams over a large area,” he says. MAX is currently undergoing a 100% earn-in with MSM LLC. MAX can also earn 100% of the Table Top Gold Project from Energex LLC. The company’s other properties include the Diamond Peak Gold-Zinc-Silver Project and the Ravin Molybdenum-Tungsten Project, both in Nevada, and the C de Baca Uranium Project in New Mexico.

“Clancy has expertise in all those areas,” says Rogers.

At press time MAX Resource had 21.7 million shares outstanding at $0.22 a share for a market cap of $4.77 million.

Allied Nevada reports Nevada Results up to 1.1 g/t Gold, 20 g/t Silver over 105m

October 18th, 2011

Resource Clips - essential news on junior gold mining and junior silver miningAllied Nevada Gold Corp TSX:ANV announced assays from its Hasbrouck Project in Nevada. Results include

1.1 g/t gold and 20 g/t silver over 105 metres
(including 2.1 g/t gold and 9 g/t silver over 24 metres)
0.9 g/t gold and 21.3 g/t silver over 117 metres
(including 1.5 g/t gold and 58.1 g/t silver over 15 metres)
0.53 g/t gold and 14 g/t silver over 134 metres
0.5 g/t gold and 10 g/t silver over 54 metres

VP of Exploration Dave Flint remarked, “We are excited about the growth potential of this project as our drill program continues to intersect higher-grade zones of mineralization. We are looking forward to completing the preliminary economic assessment and seeing the benefits of recent drilling incorporated to the update in the first quarter of 2012.”

View Company Profile

Contact:
Scott Caldwell
President/CEO
775.358.4455

or Tracey Thom
VP of Investor Relations
775.789.0119

by Greg Klein

Allied Nevada reports Nevada Assays of 4.5 g/t Gold, 83.3 g/t Silver over 160m

April 27th, 2011

Allied Nevada Gold Corp TSX:ANV announced assays from its Hasbrouck Project near Tonopah, Nevada. Results include 4.5 g/t gold and 83.3 g/t silver over 160 metres, 4.7 g/t gold and 83.3 g/t silver over 93 metres, 2.7 g/t gold and 51 g/t silver over 84 metres, 3.1 g/t gold and 53.3 g/t silver over 53 metres, 4.8 g/t gold and 87.2 g/t silver over 109 metres, 0.9 g/t gold and 22.2 g/t silver over 101 metres, 0.8 g/t gold and 15.3 g/t silver over 99 metres, and 0.8 g/t gold and 23.1 g/t silver over 75 metres.

VP Exploration Dave Flint stated, “We are excited to have discovered this high-grade zone and the potential it brings to Hasbrouck. We will continue to study the extent and setting of this high-grade mineralization and the potential for additional zones of a similar nature near surface and at depth on the property. We have realigned the 2011 drill program to target high-grade zones based on our new understanding of the structures and geology at Hasbrouck, which has been confirmed by recent drilling.”

View Company Profile

Contact:
Scott Caldwell
President/CEO
775.358.4455

or Tracey Thom
VP Investor Relations
416.409.6007

by Ted Niles