Last C$0.10 CAD
Change Today -0.005 / -5.00%
Volume 205.7K
CBJ On Other Exchanges
Symbol
Exchange
Venture
Frankfurt
As of 3:59 PM 07/25/14 All times are local (Market data is delayed by at least 15 minutes).

cb gold inc (CBJ) Snapshot

Open
C$0.09
Previous Close
C$0.10
Day High
C$0.10
Day Low
C$0.09
52 Week High
08/23/13 - C$0.30
52 Week Low
04/3/14 - C$0.08
Market Cap
15.1M
Average Volume 10 Days
43.1K
EPS TTM
C$-0.17
Shares Outstanding
159.1M
EX-Date
--
P/E TM
--
Dividend
--
Dividend Yield
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Current Stock Chart for CB GOLD INC (CBJ)

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cb gold inc (CBJ) Details

CB Gold Inc. engages in the exploration and development of precious metal deposits in Colombia, South America. It primarily focuses on gold and silver deposits. The company primarily holds a 100% interest in the Vetas Gold Project comprising 10 properties covering approximately 352.38 hectares located in Colombia; and a 100% interest in the La Vereda property comprising 600 hectares located southwest of the Vetas Gold Project. CB Gold Inc. is headquartered in Vancouver, Canada.

cb gold inc (CBJ) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: C$294.0K
Chief Financial Officer
Total Annual Compensation: C$165.0K
Vice President of Operations - Colombia
Total Annual Compensation: C$189.6K
Vice President of Exploration
Total Annual Compensation: C$175.0K
Compensation as of Fiscal Year 2013.

cb gold inc (CBJ) Key Developments

CB Gold Inc. Announces Management Changes

CB Gold Inc. announced the appointment of Mr. Hernan Martinez, as Non-Executive Chairman of the company. Mr. Martinez, already a Director of the company for the past four years, brings extensive experience to the service of the board, the company and its shareholders. Mr. Martinez a former Minister of Mines & Energy in Colombia, Director of Ecopetrol and President and CEO of Exxon Mobil Colombia, currently serves on the board of other Canadian publicly listed Companies including Pacific Rubiales Energy and Gran Colombia Gold. Mr. Martinez will replace Mr. Peter Barnes who has resigned as Non-Executive Chairman of the Board and Director, effective June 1, 2014.

CB Gold Inc. Announces Additional Positive Results from the Second Run of Metallurgical Testwork on Material from its Vetas Gold Project

CB Gold Inc. announced additional positive results from its second run of metallurgical testwork on material from the company's Vetas Gold project. The results confirm the excellent recovery for gold and silver. The 40 Vetas ore samples tested responded well to the gravity-flotation process, achieving combined average recoveries of 88.6% Au and 81.4% Ag, with a large portion of the samples reporting Au recoveries in the high 90% range and up to 99.8%. A laboratory testing program was conducted on forty (40) drill core samples collected by CB Gold from their Vetas Gold project to determine their amenability to gold and silver recovery via centrifugal gravity concentration followed by sulphide flotation processes. The samples were selected from various areas and drill holes so as to be as representative of the deposit as possible. The tests were conducted using the optimized process conditions from the 2013 test work program. The results from the 2014 testing indicate: Combined gravity /flotation concentrate recoveries of up to 99.8%; Recoveries of up to 91.4%+ for traditional gravity gold recovery; Strong recoveries occurred at relatively coarse grind sizes of P80 100 microns; The Vetas samples were not found to be sensitive to grind size with respect to metal recoveries; and Sulphur concentration was found to be proportional to overall metal recovery. The gravity-flotation tests were carried out to evaluate the variability between each of the Vetas samples' response to this method of recovering gold and silver. The grind size target used for these tests was P80 100 m, which was determined in the previous test program to be optimal. A grind time of 20 minutes was used for each sample to provide data on the variability of ore hardness between the samples. For each test, a 2 kg ground sample was pulped to 20% solids and fed through a 3" laboratory Knelson concentrator. The concentrate from the first pass was cleaned by panning, and the pan tails were combined with the first-pass tails and run through the Knelson for a second pass. The pan concentrates from both passes were assayed for Au and Ag. Rougher-cleaner flotation tests were conducted on the combined second-pass Knelson tails and second pan tails to recover precious metals that are associated with the sulphide minerals. Each test consisted of four (4) rougher stages followed by two stages of cleaning. All tests were run at pH 8 and used Potassium Amyl Xanthate (PAX) and Aeropromoter 208 as collectors, along with frother methyl isobutyl carbinol (MIBC). The test results indicate average combined gravity-flotation gold and silver recoveries of 88.6% and 81.4%, respectively. Gravity gold recovery among the 40 samples tested averaged 27.3%, but varied greatly between 1.5% and 91.4% and produced an average concentrate grade of 1,535.7 g/t. It was found that in general the samples that reported the high gravity gold recoveries were also the most weathered (contained less sulphur). Similarly, the samples which contained high sulphur content also reported high flotation recoveries. There was no clear correlation between metal head grades and gravity or overall recoveries; however the samples with high head grades did report consistently high overall recoveries. The results of the 2014 metallurgical testing program were very positive and are in line with expected results based on the 2013 preliminary testwork.

CB Gold Inc. Announces Initial Mineral Resource Estimate on its First Three Targets at Vetas Gold Project, District of Santander, Colombia

CB Gold Inc. announced an initial mineral resource estimate on its first three targets at its 100% owned Vetas Gold Project, District of Santander, Colombia. The estimate and resource model define two deposit styles: (i) near-surface stockwork and sheeted vein mineralization, and (ii) narrow fault-fill veins; and provide the foundation for further exploration and initiation of development studies on the Vetas Project. Steep topography and shallow depth of mineralization: Approximately 70% of the total resource is above the valley floor (98% within 200 metres of valley floor), which is anticipated to minimize the mining infrastructure required to access the mineralization. Excellent metallurgy: Preliminary metallurgical tests indicate potential recoveries up to 96.1% from combined gravity and flotation processes. Strong continuity of mineralization: Modeling has delineated veins with up to 240 metres of geological continuity along strike and down dip. Due to gaps in drilling design, the estimated resources do not completely fill in the modeled veins which highlights the potential for adding new resources within the footprint of the current resource area.

 

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