Volcanic Gold Mines – Maiden Inferred Mineral Resource Estimate of 406,316 oz at 9.57 g/t gold equivalent for the Holly Project

Simon Ridgway, President and CEO of Volcanic Gold Mines (TSX.V:VG – OTC:VLMZF), joins us to outline the key takeaways from the news out yesterday on June 9th, that announced a maiden Inferred Mineral Resource Estimate of 406,316 oz at 9.57 g/t gold equivalent for the Holly Project, in  Guatemala.  Resources were estimated using a 3.0 g/t Gold equivalent cut-off grade and a top cap grade of 100 g/t Gold and 2,000 g/t Silver and presented on a 100%-basis, and based on the 30 drill holes released after the Phase 1 exploration program


Simon is still very constructive on how things are developing at Holly Project and believes putting out this inferred Resource Estimate will show the community, all stakeholders, and investors how robust the project is with a robust mix of both gold and silver mineralization.  Another positive is that a mill is not needed with 2 nearby projects that will have mills in operations, and that they are far above the water table and will not need much surface disturbance as it will be a high-grade underground mining scenario. 


We wrap up by also reviewing that there are 3 more additional Projects under option and review from Radius mining, in addition to the Banderas Project where work on the social licensing, land permits, and ground work is still underway by the Volcanic Gold team.   Simon is constructive that they’ll get things negotiated soon with Radius and the local stakeholders to get those concessions granted in the near future.


Please email us with any follow up questions for Simon on Volcanic Gold at either or

    Jun 10, 2022 10:08 PM

    It was nice to see the green on the screen today with the PM mining stocks.

    Symbol – Silver Producers – Daily Change % (06/10/2022)

    AXU Alexco Resource Corp. +11.32%
    AYA.TO Aya Gold & Silver Inc. +10.52%
    GGD.TO GoGold Resources Inc. +8.90%
    BCM.V Bear Creek Mining Corporation +8.43%
    EXK Endeavour Silver Corp. +8.17%
    SVM Silvercorp Metals Inc. +8.12%
    HL Hecla Mining Company +7.36%
    FSM Fortuna Silver Mines Inc. +7.35%
    GATO Gatos Silver, Inc. +7.29%
    CDE Coeur Mining, Inc. +7.14%
    GSVR.V Guanajuato Silver Company Ltd. +6.76%
    AG First Majestic Silver Corp. +6.58%
    SCZ.V Santacruz Silver Mining Ltd. +6.49%
    PAAS Pan American Silver Corp. +5.88%
    ASM Avino Silver & Gold Mines Ltd. +5.80%
    MAG MAG Silver Corp. +5.72%
    USAS Americas Gold and Silver Corporation +5.64%
    AUMN Golden Minerals Company +4.91%
    SSRM SSR Mining Inc. +4.72%
    GPL Great Panther Mining Limited +3.76%
    HOC.L Hochschild Mining plc +3.21%
    AGX.V Silver X Mining Corp. +2.22%
    APM.V Andean Precious Metals Corp. +1.90%
    FRES.L Fresnillo plc +1.66%
    IPT.V IMPACT Silver Corp. +1.45%

      Jun 10, 2022 10:17 PM

      Even most of the Silver explorers and developers sprung higher on the day.

      Symbol – Silver Explorers & Developers – Daily Change % (06/10/2022)

      SVTN.V Silverton Metals Corp. +40.74%
      MMN.V Monarca Minerals Inc. +33.33%
      DEC.V Decade Resources Ltd. +20.00%
      SAG.V Sterling Metals Corp. +18.75%
      CMB.V CMC Metals Ltd. +17.86%
      RYO.V Rio Silver Inc. +16.67%
      KTN.V Kootenay Silver Inc. +14.29%
      MKR.AX Manuka Resources Limited +12.82%
      AAG.V Aftermath Silver Ltd. +12.50%
      AZS.V Arizona Silver Exploration Inc. +11.43%
      AUN.V Aurcana Silver Corporation +10.53%
      CDPR.CN Cerro de Pasco Resources Inc. +10.20%
      SAE.V Sable Resources Ltd. +9.80%
      MMG.V Metallic Minerals Corp. +9.59%
      VZLA.V Vizsla Silver Corp. +8.82%
      SSV.V Southern Silver Exploration Corp. +8.70%
      ELEF.TO Silver Elephant Mining Corp. +8.00%
      DV.V Dolly Varden Silver Corporation +7.94%
      GOG.V Golden Tag Resources Ltd. +7.14%
      NUAG.TO New Pacific Metals Corp. +7.09%
      ABRA.V AbraSilver Resource Corp. +6.78%
      VIPR.V Silver Viper Minerals Corp. +6.67%
      SIL.TO SilverCrest Metals Inc. +6.54%
      CLZ.V Canasil Resources Inc. +5.88%
      TM.V Trigon Metals Inc. +5.00%
      SSVR.V Summa Silver Corp. +4.60%
      SNG.V Silver Range Resources Ltd. +4.55%
      DSV.V Discovery Silver Corp. +4.51%
      ELO.V Eloro Resources Ltd. +4.34%
      DEF.V Defiance Silver Corp. +4.11%
      BBB.V Brixton Metals Corporation +3.85%
      SVE.V Silver One Resources Inc. +3.77%
      HAMR.CN Silver Hammer Mining Corp. +3.57%
      OCG.V Outcrop Silver & Gold Corporation +3.03%
      RSLV.V Reyna Silver Corp. +2.56%
      CKG.V Chesapeake Gold Corp. +2.47%
      ZAC.V Zacatecas Silver Corp. +1.32%

      Jun 10, 2022 10:45 PM

      I have one near the top of this list and one at the bottom. When a company has a chance to shine but doesn’t it’s natural to question why, so went looking for an answer. The only thing I could find was the following two year old title.
      Mexico Loses Competitiveness as a Mining Jurisdiction
      Is this it? The bottom two on your silver producer list are Mexico focused while the others are more spread out.

        Jun 10, 2022 10:50 PM

        It’s an interesting question on days like this where most of the stocks are in the green why some really move with torque and others languish. I’ve got a few dozen on these lists posted, with a handful of double-digit gainers, a lot in the middle of the pack, but some that were in the low single digits or even the red on the day. Overall my account was up 4.7% on the day, so I’ll take it to end the week on a brighter note.

          Jun 11, 2022 11:56 AM

          As for Impact Silver being at the bottom of the list of the silver producers, it doesn’t particularly concern me, as after following and trading them for years, I know they typically outperform, so today was an anomaly in that sense. I’m also not concerned about where they are operating in Mexico, as they have pretty good local community relations. Many of the other silver producers have some exposure to Mexico, because that’s where a lot of silver is on the planet. I still like Mexico far better than Chile or Peru or Argentina for jurisdictional risks, but it does depend and come down to the state and local level.

    Jun 10, 2022 10:21 PM

    Symbol – Gold Major Producers – Daily Change % (06/10/2022)

    HMY Harmony Gold Mining Company Limited +10.00%
    GFI Gold Fields Limited +9.33%
    AEM Agnico Eagle Mines Limited +5.22%
    AUY Yamana Gold Inc. +5.02%
    AU AngloGold Ashanti Limited +4.88%
    KGC Kinross Gold Corporation +4.86%
    GOLD Barrick Gold Corporation +4.68%
    EDV.TO Endeavour Mining plc +4.52%
    NEM Newmont Corporation +3.52%

      Jun 10, 2022 10:38 PM

      Symbol – Gold Mid-Tier Producers – Daily Change % (06/10/2022)

      AR.TO Argonaut Gold Inc. +13.40%
      MND.TO Mandalay Resources Corporation +8.62%
      OGC.TO OceanaGold Corporation +7.64%
      IAG IAMGOLD Corporation +7.41%
      NGD New Gold Inc. +6.98%
      EQX Equinox Gold Corp. +6.82%
      CXB.TO Calibre Mining Corp. +6.03%
      AGI Alamos Gold Inc. +5.86%
      KNT.TO K92 Mining Inc. +5.67%
      DPM.TO Dundee Precious Metals Inc. +5.56%
      EGO Eldorado Gold Corporation +5.44%
      DRD DRDGOLD Limited +5.27%
      MUX McEwen Mining Inc. +5.25%
      TXG.TO Torex Gold Resources Inc. +4.95%
      BTG B2Gold Corp. +4.81%
      SSRM SSR Mining Inc. +4.72%
      CGG.TO China Gold International Resources Corp. Ltd. +4.08%
      GCM.TO GCM Mining Corp. +3.70%
      CG.TO Centerra Gold Inc. +3.57%
      VGCX.TO Victoria Gold Corp. +3.44%
      PRU.TO Perseus Mining Limited +2.99%
      CEE.TO Centamin plc +2.33%
      GAU Galiano Gold Inc. +1.56%
      PAF.L Pan African Resources PLC +1.20%
      DNG.TO Dynacor Gold Mines Inc. +1.01%
      GSS Golden Star Resources Ltd. +0.26%

        Jun 10, 2022 10:46 PM

        Symbol – Gold Small Producers – Daily Change % (06/10/2022)

        CEG.CN Cerro Grande Mining Corporation +50.00%
        GORO Gold Resource Corporation +19.43%
        MXSG Mexus Gold US +14.19%
        JAG.TO Jaguar Mining Inc. +13.18%
        KRR.TO Karora Resources Inc. +11.98%
        GGD.TO GoGold Resources Inc. +8.90%
        AMI.AX Aurelia Metals Limited +6.56%
        NVO.TO Novo Resources Corp. +6.45%
        MAI.V Minera Alamos Inc. +6.25%
        SGI.V Superior Gold Inc. +6.25%
        SGNL.TO Signal Gold Inc. +5.68%
        ORV.TO Orvana Minerals Corp. +5.08%
        CMCL Caledonia Mining Corporation Plc +5.00%
        AUMN Golden Minerals Company +4.91%
        MTL.L Metals Exploration plc +4.88%
        GMTN.TO Gold Mountain Mining Corp. +4.76%
        WDO.TO Wesdome Gold Mines Ltd. +4.69%
        GG.V Galane Gold Ltd. +4.35%
        OMI.V Orosur Mining Inc. +3.85%
        SOMA.V Soma Gold Corp. +3.77%
        ARIS.TO Aris Gold Corporation +1.93%
        TRX TRX Gold Corporation +1.21%
        FTCO Fortitude Gold Corporation +1.19%
        ORA.TO Aura Minerals Inc. +1.18%

          Jun 10, 2022 10:58 PM

          Symbol – PM Royalty and Streaming companies – Daily Change % (06/10/2022)

          MMX Maverix Metals Inc. +13.72%
          TFPM.TO Triple Flag Precious Metals Corp. +5.83%
          NSR.TO Nomad Royalty Company Ltd. +5.65%
          MTA Metalla Royalty & Streaming Ltd. +4.75%
          GROY Gold Royalty Corp. +4.38%
          WPM Wheaton Precious Metals Corp. +4.29%
          SAND Sandstorm Gold Ltd. +3.96%
          FISH.V Sailfish Royalty Corp. +3.91%
          OR Osisko Gold Royalties Ltd +3.80%
          FNV Franco-Nevada Corporation +3.77%
          RGLD Royal Gold, Inc. +3.44%
          VOX.V Vox Royalty Corp. +2.20%
          EMX EMX Royalty Corporation +1.42%
          ALS.TO Altius Minerals Corporation +1.34%
          STRR.V Star Royalties Ltd. +0.77%
          TRR.L Trident Royalties Plc +0.21%