Cosigo Resources Ltd. (TSXV:CSG)
Cosigo Resources Ltd. (TSXV:CSG) is expected to have results from their drilling program at the Machado project in south eastern Colombia. Cosigo drilled 20 reverse circulation holes to a maximum depth of 95 meters. Drilling occured where gold had been produced by artisanal miners both open pit and under ground in the 1980’s and 90’s. This represents the first systematic exploration that has occured in this part of Colombia.
Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF)
Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) expects a preliminary economic assessment to be completed before the end of 2013. The PEA on the Fire Creek underground gold project will follow quickly on the updated Resource Estimate announced September 16, 2013. The PEA will outline if the deposit is profitable and as shipments for processing of ore to Newmont Mining Corporation have already started.
Formation Metals Inc. (TSX:FCO)
Formation Metals Inc. (TSX:FCO) will be closing the sale of their Sunshine Precious Metals Refinery for $12 million in October. The influx of funds will allow the company to progress the development of their Idaho Cobalt Project without issuing new shares. Development of the fully permitted project at a time when cobalt prices have been outperforming many other commodities should allow good newsflow for the markets.
North Arrow Minerals Inc. (TSXV:NAR)
North Arrow Minerals Inc. (TSXV:NAR) announced in August that they intersected kimberlite at the Pikoo Diamond Project in Saskatchewan. Three holes testing PK150 intersected over 20m each of kimberlite. The core samples were logged and submitted for microdiamond analyses. Results from this analyses is due in October. If the results are positive, they would indicate that not only has a significant kimberlite formation been discovered, but that it could be diamond bearing, a significant milestone.In addition, watch for results from the overburden drilling program at the Lac de Gras Diamond Project being worked by JV partner Dominion Diamond Corporation. The presence of indicator minerals in the drill samples would be a positive step for Lac de Gras which is on trend from the Ekati and Diavik diamond mines in Quebec.
Coronet Metals Inc. (TSXV:CRF)
Coronet Metals Inc. (TSXV:CRF) is in the process of producing a NI-43-101 resource estimate on its White Caps Gold Project located near the town of Manhattan in northern Nye County, Nevada, 13 miles south of Kinross and Barrick’s Round Mountain Gold Mine. The NI 43-101 Report work commenced in March 2013 and is expected to be completed in the 3rd quarter 2013. Coronet Metals has a market capitalization of about $7 million.
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