Sabre Gold Mines Corp (SGLDF)

[goldenpolarbear]

« ... Kerr Mines signed a letter of intent (LoI) with Pandion in July 2018, under which the latter agreed to provide financing of $27.6m in two tranches. Kerr Mines has also agreed to sell 95,000oz of gold to Pandion over a period of 40 months, at a discounted Sprott Private Resource Lending, in November 2018, agreed to provide up to $25m of senior secured project financing for the Copperstone project development.

Contractors involved
« ...Hardrock Consulting was chosen to prepare and submit the pre-feasibility report for the Copperstone gold mine, while Resource Development was engaged for conducting metallurgical testing of the deposit.

Kerr Mines engaged Godbe Drilling and American Drilling, in August 2017, to conduct core and reverse circulation (RC) drilling.

DMC Mining Services was engaged as the mine development contractor, while Major Drilling Group International was engaged for the phase two resource expansion program.



https://www.nsenergybusiness.com/projects/copperstone-gold-project/


« ...Major Drilling Group International Inc. is one of the world’s largest drilling services companies primarily serving the mining industry.
We offer the best drilling services while maintaining high safety standards that are unparalleled in the drilling industry. We can meet your needs for all phases of your project from mineral exploration, directional drilling, definition or infield drilling, mine development, dewatering, grade control, and percussive drilling for a producing mine. Our environmental and sonic group can help sample tailings piles, monitor tailings dams, install grout curtains, and install ground water sampling wells.

https://www.majordrilling.com/services/

Gold

A more than 7% surge for gold in August looked set to go further after ending last month at about $1,520 an ounce, with the spot price up 0.3% on Monday. “It’s not just the tariffs but the Hong Kong unrest that could lead to renewed buying interest in gold,” said Preiss. The Singapore-based executive said gold could hit $2,000 over the next 12 months, bolstered by trade woes and further interest rate cuts by the Federal Reserve.

https://www.bloomberg.com/news/articles/2019-09-01/market-fragility-on-show-as-trade-war-china-data-curb-optimism

https://www.cnn.com/2019/09/01/investing/asian-market-latest-us-china-tariffs/index.html

https://kerrmines.com/