Wed, 17 Jul 2019

Irving Is About to Become a Gold Producer

Source: Bob Moriarty for Streetwise Reports   07/17/2019 Bob Moriarty of 321 Gold describes the latest developments for this miner.One of the great pleasures of my job is to revisit companies making solid progress after having done everything they said they would do. I got back a week or so ago from a quick dash to Japan where I got to visit the wonderful team of Irving Resources Inc. (IRV:CSE; IRVRF:OTCBB). Irving is seven holes into a scout-drilling program. Their brilliant technical team has already hit a discovery hole similar in grade and thickness to the discovery hole of Hishikari, which was on only the second hole. I was talking about Irving over two years ago; after all, they had been reporting $26,456.39 a ton gold over 2.5 years back. Their shares were $0.85 back then, even after reporting the highest grade samples I have ever seen. That gave them about a $26 million market cap. Guys: This isn't rocket science. If you can find one $26,456.39-a-ton rock...
Wed, 17 Jul 2019

The Battle for Investment Relevancy

Source: Michael Ballanger for Streetwise Reports   07/17/2019 Sector expert Michael Ballanger is watching the gold market and banking on opportunities in silver."The desire for gold is the most universal and deeply rooted commercial instinct of the human race."—Gerald M. Loeb One of the finest books ever written on investing was "The Battle for Investment Survival," by Gerald M. Loeb, the provider of today's quote and a true legend in the distant, long-forgotten world of free market capitalism. Also credited with "Put all of your eggs in one basket and watch the basket," it was an obvious slap-in-the-face to those who eat, drink and breathe the diversification mantra. Having avoided disaster in the 1929 market crash, Loeb was deeply affected by the devastating swath it cut through the economic field of vision and was one of the first of his era to debunk the "long-term investing" track record, choosing instead to trade positions rather than hold. I remember reading...
Wed, 17 Jul 2019

Miner Seeks to Advance Exploration on Alaskan Prospect

Source: Maurice Jackson for Streetwise Reports   07/17/2019 In this interview with Maurice Jackson of Proven and Probable, the president and CEO of a project generator working in the Goodpaster District of Alaska explains the rationale behind putting the company's stock on sale.Maurice Jackson: Joining us today for a conversation is Gregory Beischer of Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQX). Mr Beischer, welcome. Gregory Beischer: Hi Maurice, always good to be here. Maurice Jackson: Always a pleasure to have you on the program, sir. As a reminder for our audience, in our last interview, we addressed claim staking Millrock Resources was conducting in the Goodpaster District of Alaska, which is becoming one of the most highly contested mining districts in the world. Mr. Beischer, before we delve into today's interview, please introduce us to Millrock Resources, a premiere project generator, and share the investment opportunity that the company presents to...
Tue, 16 Jul 2019

The New Gold Bull Market and an 'Exceptional Junior Explorer'

Source: Ron Struthers for Streetwise Reports   07/16/2019 Ron Struthers of Struthers' Resource Stock Report discusses the gold bull market and one company that he believes investors should take a look at.The World Gold Council issued its mid-year outlook last week and trends are very bullish. It states the central banks across the globe have signaled a more accommodating stance, bringing bond yields to multi-year lows—and in some countries all time lows. Central banks continue as big buyers in the market, accumulating approximately 247 tonnes though May. Gold-backed ETFs captured US$5 billion or 108 tonnes year to date, led by European funds. Global monetary policy has shifted 180 degrees and will continue to be a driving force toward higher gold prices and gold equities. Gold and gold stocks have technically been in a bull market since the bottom in late 2015. From the $1050 bottom in gold, late 2015, prices ran up to $1360 in about 6 months to July 2016. That...
Mon, 15 Jul 2019

Updated Resource Lifts Total Gold Ounces by 11%

Source: Streetwise Reports   07/15/2019 The new numbers and their impact on the existing project are presented in a Haywood report.In a July 8 research note, Haywood analyst Geordie Mark reported that Endeavour Mining Corp. (EDV:TSX; EVR:ASX) release an updated resource estimate for its Le Plaque deposit in Côte d'Ivoire. Specifically, Le Plaque's newly calculated resource totals 4.63 million tons (4.63 Mt) containing 476,000 ounces (476 Koz) of gold at a grade of 3.2 grams per ton (3.2 g/t). A gold price of $1,500 per ounce and a grade cutoff of 0.5 g/t were used. "The update showcases the progress Endeavour has made at Le Plaque, which now offers a significant improvement from the previous iteration that outlined 0.97 Mt containing 84 Koz of gold grading 2.7 g/t," Mark noted. The analyst described the news as "slightly positive." He added that the greater resource at Le Plaque improves the outlook at its existing Ity mine there as it increases the total contained...
Mon, 15 Jul 2019

Company Decides to Advance Peru Mine to Production

Source: Streetwise Reports   07/15/2019 The rationale for the decision and the potential to further improve project economics are explored in a ROTH Capital Partners report.In a July 9 research note, ROTH Capital Partners analyst Jake Sekelsky reported that Great Panther Mining Ltd. (GPR:TSX; GPL:NYSE.American) opted to advance its Coricancha mine in Peru toward a production restart, which is estimated to require $9 million in initial capex and happen by year-end 2020. ROTH has a target price of US$2.25 per share on the mining company (the current share price is about US$0.72) and maintained its Buy rating. Great Panther's decision to move forward, Sekelsky explained, was based on the fact that results from trial stoping and bulk sampling confirmed the operating parameters outlined in the preliminary economic assessment (PEA). Specifically, the development rates achieved during bulk sampling averaged 3.2 meters per day (3.2m/day), surpassing the 3m/day rate noted...
Wed, 10 Jul 2019

Palladium/Platinum Opportunity in Group Ten

Source: Bob Moriarty for Streetwise Reports   07/10/2019 Bob Moriarty of 321 Gold explains why he is a fan of this PGE explorer with a project in Montana.A couple of weeks back I was calling for a correction in gold. All of a sudden everyone was talking about gold and how high it was going to go. Bullish sentiment hit an absurd extreme. I got it right; the correction began the next day. Investors tend to forget that even in the most bullish of markets, corrections are common and desirable. Since the high, sentiment has dropped a lot more than price. I see the bull resuming its run very soon. Late July tends to be one of the best times to be taking new positions in resource stocks. There is a lot of low hanging fruit out there and there are many penny dreadfuls that are going to go up a lot higher than investors realize. One of my favorites in the palladium/platinum space has come down a lot since I wrote about them in February of 2018. At today's price I find the...
Tue, 09 Jul 2019

Gold Exploration in the Heart of the Abitibi Greenstone Belt

Source: Brian Leni for Streetwise Reports   07/09/2019 Brian Leni, founder of Junior Stock Review, profiles a gold explorer with a project in Quebec in the prolific Abitibi Greenstone Belt.What is the significance of surpassing $1400 USD per ounce of gold? Personally, I view the price of gold as a bellwether for the global economy, essentially signalling the health of markets. Without a doubt in my mind, the complexity of the global marketplace is only increasing, and because of this I can't help but think that any of these attempts to control it will fail and only add to the damage that has already been done. Ultimately, I believe, we are headed to some sort of reset of the global monetary system and breaking $1400 USD per ounce, a price we haven't seen since 2013, signals we are getting closer. So what does this mean for the junior gold companies? Great question. I think a bullish outlook for a metal price is a poor reason to invest within the junior resource...
Sat, 13 Jul 2019

Feasibility Study Reveals 'Attractive' Gold Project

Source: Streetwise Reports   07/13/2019 The study's highlights are presented and discussed in a Canaccord Genuity report.In a July 4 research note, analyst Eric Zaunscherb reported that Canaccord Genuity raised its target price on Orezone Gold Corp. (ORE:TSX) to CA$1.50 per share from CA$1.40. This represents a 127% projected return from the company's current share price of CA$0.64. This change resulted from Canaccord Genuity updating its model on Orezone in accordance with the recently released feasibility study on Bomboré. The study confirmed that the Burkina Faso gold project, 90% of which Orezone owns, is "robust" as expected, which should help the company in its pursuit of project financing. Specifically, Zaunscherb relayed, the feasibility study outlines a first pour from stage one oxide ore taking place in late 2021, with commissioning and ramp-up to commercial production of 5,200,000 tons (5.4 Mt) per year in Q1/22. The study indicates greater gold production...
Sat, 13 Jul 2019

'Canada's Newest Gold Producer' Ramps Up Production, Continues Exploration

Source: Streetwise Reports   07/13/2019 The asset's recent output and the company's exploration plans are provided in an Echelon Wealth Partners report.In a July 8 research note, analyst Ryan Walker reported that a site visit to Harte Gold Corp.'s (HRT:TSX) Sugar Zone mine in White River, Ontario, left Echelon Wealth Partners impressed. The favorable aspects include the "ease of access and compact nature of the mine, the ease of ore vein visual identification, the simplicity of processing and the compelling near-mine and regional exploration potential," Walker noted. Walker also reported that "Ontario's newest gold producer" intends to pursue that "substantial exploration potential" on the property. In its 2019 drill program, Harte intends to focus on targets near Sugar Zone, including its southern extension and convergence at depth of the Sugar-Middle and Middle-Wolf zones. "While early days, such relatively shallow mineralization proximal to planned development...
Tue, 09 Jul 2019

The Charm of Fishing

Source: Michael Ballanger for Streetwise Reports   07/09/2019 Sector expert Michael Ballanger explores the analogies between fishing and investing. As many of you know, I love to spend the summers exploring the thousands upon thousands of bays and inlets and coves that represent the Georgian Bay landscape. With the exception of a few boyhood jaunts around the Parry Sound area, I was not able to fully appreciate the grandeur of the Canadian Shield as it escapes its marine blanket while leaving behind thousand of large and small islands in its wake. Sightseers like the famous Group of Seven, whose artwork is almost exclusively the Georgian Bay vistas, would refer to them as islands or fresh water atolls but boaters young and old refer to them simply as "rocks," and they are both feared and revered by anyone that has run aground, as propeller shafts and stern drives do not get mangled by islands or fresh water atolls. Part of the majesty of the region lies in the perpetual...
Tue, 09 Jul 2019

Miner Advances Exploration at Flagship PGE Project

Source: Maurice Jackson for Streetwise Reports   07/09/2019 In this interview with Maurice Jackson of Proven and Probable, the president and CEO of this company describes the most recent developments at its Montana prospect.Maurice Jackson: Joining us today is Michael Rowley, president and CEO of Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE), which is known for platinum, palladium, nickel, copper and cobalt in the Stillwater district in Montana. Glad to have you back, sir. Michael, I can only imagine the excitement that your team and mostly prudent shareholders must be feeling as the press releases continue to show hit after hit of high-grade mineralization on your flagship Stillwater West Project. Today's interview will be no different as we have more exciting results to provide shareholders. But before we begin, Mr. Rowley, please introduce us to Group Ten Metals and the opportunity the company presents to the market. Michael Rowley: Thank you, Maurice;...
Thu, 11 Jul 2019

Merger of Two Royalty Companies Provides Growth Platform to Become a Mid-Tier Force

Source: Streetwise Reports   07/11/2019 The combined company will provide exposure to both near- and longer-term projects.Terraco Gold Corp. (TEN:TSX.V; TCEGF:OTCPK), which holds a royalty on the Spring Valley gold project in Nevada, is being acquired by Sailfish Royalty. The combined company will hold a geographically diverse set of royalties, including projects in Nevada, Mexico, Brazil and Nicaragua. According to the terms of the deal, Terraco shareholders will receive 0.12 of a common share of Sailfish for each Terraco share. The arrangement represents a premium of approximately 53% over the trailing 20-day volume weighted average price of the Terraco shares as at June 19, the day before the announcement. The deal, which has the unanimous recommendation of the boards of both companies, is expected to close in mid-August. "To join together with Sailfish is a great opportunity for us," Terraco CEO Todd Hilditch told Streetwise Reports. "We have a royalty portfolio...
Sat, 13 Jul 2019

Gold Project is 'Robust, Strong Acquisition Candidate'

Source: Streetwise Reports   07/13/2019 Recent drill results from the asset and its current resource are discussed in a Haywood report.In a July 3 research note, Haywood analyst Kerry Smith reported that Bluestone Resources Inc.'s (BSR:TSX.V) recent drill results "continue to highlight the potential to upgrade Inferred resources to the Measured and Indicated (M&I) category at Cerro Blanco" in Guatemala. Smith reviewed the newly reported results. Of the eight holes, six were from the North zone, and two from the South zone. Each of the North zone holes intersected multiple veins as well as individual veins around 1 meter (1m) true width and of gold grades in the 5–10 grams per ton (5–10 g/t) range. Highlight hole, UGCB19-144, intersected 12 veins and returned 19 g/t gold over 7.5m, including 98.5 g/t gold over 1m. The rest of the North zone holes returned an average gold grade of 6.8 g/t. "We expect this ore body will have a positive grade reconciliation...
Wed, 10 Jul 2019

Global Gold Miner Now Rated Outperform on Potential of Nevada JV

Source: Streetwise Reports   07/10/2019 The reasons for the upgrade are provided in a BMO Capital Markets report.In a July 3 research note, analyst Andrew Kaip reported that BMO Capital Markets upgraded Barrick Gold Corp. (ABX:TSX; GOLD:NYSE) to an Outperform rating on the potential of its and Newmont Goldcorp's Nevada assets, recently consolidated through a joint venture agreement between the two companies. Additionally, BMO is resuming coverage on Barrick, now that the restriction period related to the transaction is over, with the higher rating and a US$20 per share target price. The current share price is about US$16.51. The analyst reviewed the deal and its potential benefits for Barrick. He highlighted that the resulting synergies from the combined Nevada assets "unlock value" and though integration risks exist, the near-term benefits outweigh those. According to the terms of the deal, which closed on July 1, Barrick's ownership of the Nevada assets is 61.5%...