The Conversation (0)
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: Potash West (ASX:PWN), Castle Peak Mining (TSXV:CAP), Northern Freegold Resources (TSXV:NFR), Blackheath Resources (TSXV:BHR), Energizer Resources (TSX:EGZ)
Potash West (ASX:PWN,OTCQX:PWNNY)
Potash West (ASX:PWN,OTCQX:PWNNY) is anticipating the results of a Scoping Study on its Dandaragan Trough glauconite project in western Australia. The company is patenting a process to liberate potassium from Glauconite (an iron potassium phyllosilicate mineral). Potash West tabled an initial JORC resource on its property in October of last year that outlined a resource containing 122 million tonnes averaging 4.6%K2O. The company has a market capitalization of AUS$21 million.
*** Update: Catalyst Achieved ***
Investors in Castle Peak Mining (TSXV:CAP) should start anticipating initial drill results over the next month from a 1,100-metre, follow up drill program on its high grade Apankrah target in the southern Ashanti belt, Ghana, Africa. The program was commenced in November 2012 and the first two holes targeted the down dip and down plunge extension of drill hole NKDDH022, which returned (uncut) 80 grams per tonne across a 6.0-metre mineralized structural zone within a 17-metre intersection of lower grade gold mineralization. The company has a market capitalization of $8 million.
*** Update: Catalyst Achieved ***
Northern Freegold Resources (TSXV:NFR) is in the process of reinterpretation of the Nucleus deposit in the Yukon. The company intends to update its NI 43-101 compliant resource estimate for the Nucleus deposit later this quarter. The company has a market capitalization of $11.5 million.
*** Update: Catalyst Achieved ***
Investors in Blackheath Resources (TSXV:BHR) should expect to see additional drill results from the company’s Covas Tungsten Project in northern Portugal. The Phase 1 drilling program is designed to confirm and test known skarn-related mineral zones and extensions as well as new targets at Covas. Five diamond drill holes have been completed so far on the Telheira zone and two holes have been released with assays that included 7.98 metres of 2.11% WO3. The company has a market capitalization of $5 million.
Energizer Resources (TSX:EGZ) tabled a resource estimate for its Molo graphite project in Madagascar in December 2012. Indicated resources totalled 84.04 million tonnes grading 6.36% Carbon, and inferred resources totalled 40.34 million tonnes averaging 6.29% Carbon. The company has now set its sights on completing a preliminary economic assessment by the end of the 1st Quarter 2013. Energizer has a market capitalization of $54.7 million.
