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The following companies have significant upcoming news catalysts that are expected in the next 30 days which have the potential to move the listed companies’ stock: Castle Peak Mining (TSXV:CAP), Alpha Minerals Inc. (TSXV:AMW), Mines Management (TSX:MGT), Avino Silver & Gold Mines (TSXV:ASM,NYSEMKT:ASM), American CuMo Mining Corp (TSXV:MLY,OTCQX:MLYCF), Prosperity Goldfields (TSXV:PPG), Energy Fuels (TSX:EFR), Canadian International Minerals (TSXV:CIN), Orefinders Resources (TSXV:ORX)
Castle Peak Mining (TSXV:CAP) is expecting to table a preliminary resource estimate for its high-grade Apankra Shoot in the Ashanti Belt of Ghana West Africa. The Company has also been working towards completing preliminary metallurgical analysis in an effort to initiate a preliminary economic assessment for developing the Apankrah Target Area. The samples needed for this work are currently being held in the Geological Survey Branch in Ghana due to government control on sample exports. Castle Peak is working through this delay and expects a 4-6 week turnaround time once the samples are moved to South Africa for assessment. The company has a market capitalization of $5 million.
*** Update: Catalyst Achieved ***
Alpha Minerals (TSXV:AMW) is aggressively drilling the Patterson Lake South uranium project in the Athabasca Basin in Saskatchewan. The market should expect the company to release additional assay and scintillometer results from its ongoing winter drill program (9,000 to 10,000 metres). The company has a market capitalization of $75 million.
*** Update: Catalyst Achieved ***
Mines Management (TSX:MGT) is in the permitting phase of its Montanore silver-copper project located in northwestern Montana. As of November 2012 the company reported that the Biological Consultation and preparation of the Biological Opinion were underway, which, upon completion, are expected to be followed by the Final Environmental Impact Statement and Record of Decision. The company continues to limit activity levels, including capital expenditures, until the timing for the receipt of the Record of Decision for the Montanore Project becomes clearer. The company has a market capitalization of $30 million.
Avino Silver & Gold Mines (TSXV:ASM,NYSEMKT:ASM) hired an independent engineering firm work to assemble a new property wide technical report. This report will include new resource estimates for San Gonzalo and the main Avino Mine near Durango, Mexico. Avino expects to receive the report in April. The company has a Market Capitalization of $44 million.
American CuMo Mining Corp (TSXV:MLY,OTCQX:MLYCF) completed a drill program in November 2012 on its wholly-owned CuMo molybdenum copper silver project in Idaho. A total of 4,713 meters (15,463 feet) in nine holes were drilled. The company reported that all holes intersected molybdenum-bearing mineralization with some holes ending prematurely in higher grade areas. The market should begin to anticipate assay results from the program shortly. The company has a current market capitalization of $16 million.
*** Update: Catalyst Achieved ***
In February, Prosperity Goldfields (TSXV:PPG) commenced a 4,000 metre, 18-to-20 hole drill program on its Kiyuk Lake gold project in Southern Nunavut. Investors should be on the lookout for the first set assay results sometime in April. The company has a market capitalization of $8.8 million.
*** Update: Catalyst Achieved ***
Energy Fuels’ (TSX:EFR) radioactive materials license at its Piñon Ridge Mill was issued in March 2011 by the Colorado Department of Public Health and Environment (“CDPHE”). This license was set aside pending the completion of a November 2012 administrative hearing. Energy Fuels expects that CDPHE will issue a new license decision on the Piñon Ridge Mill by the end of April. The company has a market capitalization of $102 millon.
*** Update: Catalyst Achieved ***
Canadian International Minerals (TSXV:CIN) has been aggressively acquiring claims around Alpha Minerals Inc. and Fission Energy Corp’s PLS project in Athabasca region of west central Saskatchewan. The claims were staked for their proximity to the PLS discovery and interpreted favourable geology for the occurrence of PLS style uranium mineralization. The company intends to release geological and technical details of the properties it has acquired once compilation and review of data is completed. The company has a market capitalization of $1.6 million.
Orefinders Resources (TSXV:ORX) recently released encouraging assay results from 3 holes from a 7-hole Phase I diamond drilling program at the Mirado Gold project near Kirkland Lake, Ontario. A Phase 2 drill program consisting of an additional 10,000 meters of core drilling is now underway, with 6 additional holes already completed. Investors should be on the lookout for additional assay results. The company has a market capitalization of $19 million.
*** Update: Catalyst Achieved ***
Quest Rare Minerals Ltd. (TSX:QRM) is expecting to receive a Pre-Feasibility study on its Strange Lake Rare Earths project located 225 km northeast of Schefferville, Québec and 125 km west of the Voiseys Bay nickel-copper-cobalt deposit, eastern Labrador. In late October last year, Quest tabled an updated resource estimate on the B-Zone. It contains an Indicated Resource of 278.1 million tonnes grading 0.93% TREO+Y (Total Rare Earth Oxides plus Yittrium), 1.92% zirconium oxide (ZrO2), 0.18% niobium pentoxide (Nb2O5), 0.05% hafnium oxide (HfO2), containing a higher-grade “Enriched Zone” of 20.0 million tonnes 1.44% TREO+Y, 2.59% ZrO2, 0.34% Nb2O5 and 0.06% HfO2. The B-Zone hosts a further Inferred Resource of 214.4 million tonnes grading 0.85% TREO, 1.71% ZrO2, 0.14% Nb2O5 and 0.04% HfO2. The company currently has a market capitalization of $69 million.
Tungsten Mining NL (ASX:TGN) is focused on evaluating its wholly-owned Kilba Tungsten project in Western Australia. The company completed the first phase of a three phase (40 hole) drill program in mid-December 2012. We expect to see assay results from the first eight diamond drill holes soon. These holes were drilled as twins to selected core holes drilled by Union Carbide in 1981 in order to verify the accuracy of previous work on the property. The company has a market capitalization of $16.2 million.
*** Update: Catalyst Achieved ***
Largo Resources Ltd. (TSXV:LGO) is steadily advancing its Maracas Vanadium Project in Bahia, Brazil towards production. Construction and assembly of all the main components of the process plant will continue through to commissioning in the fourth quarter of 2013. The company reports that current construction activities are on schedule and on budget. The next milestone will be the commissioning of the water pipeline which will provide fresh water to the Project. It is currently about 90% complete and commissioning is anticipated in February, 2013. Work on the electrical power line is continuing with pre-commissioning targeted for mid-year. The company has a market capitalization of $181.31 million.
*** Update: Catalyst Achieved ***
Highbank Resources Ltd. (TSXV:HBK) holds a 100% interest in the Swamp Point North aggregate deposit, a +70 million tonne tidewater aggregate gravel tenure in northwestern British Columbia, Canada. Last month the company received an acceptance of the License of Occupation (“LoO”) renewals for both the sand and gravel quarry area, and the barge loading foreshore tenures. The LoO includes acceptance of the Tenure over Crown Land and the Management Plan. The next milestone is acceptance of the Notice of Work which will allow the Company to commence development and move toward production of the Swamp Point North aggregate deposit. The company has a market capitalization of $3.46 million.