Today’s 4 fastest resources runners
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The Mexican Government has called mining an “essential service”, allowing Consolidated Zinc’s (ASX:CZL) Plomosas mine and Aldama concentrator to re-commence operations from 18 May.
“It is expected the ramp up back to full production will be completed by the end of May as the operations staff return back to Plomosas from their residential locations across Mexico,” the company says.
The miner, which has also been battling ‘intimidation’ tactics by a former contractor, was up +33 per cent in morning trade, but the share price remains well below the 2020 average.
Volt, the latest in a long list of battery metals players to refocus on gold exploration, was rewarded with a +35 per cent gain in morning trade.
Volt will acquire the projects from a company controlled by chairman Asimwe Kabunga, who will receive ~121.7m shares and a 2 per cent net smelter fee “covering the permit area as well as a 10 km radius from the permit boundaries”.
In April, Predictive smashed records with a one day, 733 per cent gain after initial drilling returned numerous shallow, thick, and high-grade gold intercepts like 10m at 26.52 grams per tonne (g/t) gold at the North-East Bankan prospect in Guinea.
Field work has resumed at eMetals’ (ASX:EMT) Nardoo Well rare metals project in WA to support an upcoming drilling program.
This drilling will commence “as soon as practically possible” following the lifting of travel restrictions, the company says.
eMetals – up ~15 per cent to 1.5c per share in morning trade — bought Nardoo Well from gold explorer Venus Metals (ASX:VMC) in March.
The company changed its name from Corizon — not to be confused with Creasy-backed Pilbara gold play Coziron (ASX:CZR) — earlier this year.
And what is going on over at US copper-gold explorer Alderan (ASX:AL8)?
Yesterday, stock received a ‘please explain’ from the ASX after the stock surged from a low of 1.8c to highs of 3.7c per share on increased volumes.
Alderan said there was no reason for the increase, but today the minnow jumped again — peaking at 4.1c per share before falling back to 3.8c by ~11:30am EST.