Wed, 26 Feb 2020
Company Reports Drilling Is Progressing at Nevada Gold Property
Source: Streetwise Reports 02/26/2020
Goldcliff Resource announced that it has released its management discussion and analysis. In a news release, Goldcliff Resource Corp. (GCN:TSX.V; GCFFF:OTCBB) President George Sanders reported that "the company recently filed its Annual Audited Financial Statements and Management Discussion and Analysis."
"Of primary significance is the acquisition of the Nevada Rand gold property in Mineral County, Nevada, the financing of that acquisition and follow on exploration programs and the disposition of the lease on the Wilson patented claims in Lyon County, Nevada," commented Sanders.
The company stated in the notice that "drilling at Nevada Rand is progressing well. Goldcliff's geological management team and our drill contractors have been very patient and diligent with drilling in the highly altered and fractured setting which hosts the historic high grade silver and gold mineralization."
The company stated that it plans to release...
Wed, 26 Feb 2020
The Greatest Depression Just Began. This Is No Drill.
Source: Bob Moriarty for Streetwise Reports 02/26/2020
Bob Moriarty of 321gold rings the alarm bells on the fallout from the coronavirus.Exactly a month ago I warned that the coronavirus outbreak was going to pop the "Everything Bubble." I did something fairly subtle. I buried my main message under a whole heap of cow manure. It doesn't make a rat's ass if I was right or wrong about calling for a market crash in October or the Fed dumping piles of new crisp $100 bills onto a bonfire in September.
This time I'm going to put my message right at the top so no one can miss it. I quote from the January 27th piece, "This has the potential for being the biggest mass casualty event in world history. At the very least it will take down the financial system as the world economy grinds to a halt with efforts to contain the virus."
In short, the world is f**ked.
I didn't want most people to understand that when I said it. If they had, there would be panic and you wouldn't...
Mon, 24 Feb 2020
Proximity to Working Mine Propels Exploration
Source: Maurice Jackson for Streetwise Reports 02/24/2020
In this interview with Maurice Jackson of Proven and Probable, Millrock Resources' CEO describes the company's prospects in Alaska's Goodpaster gold district and how a new joint venture improves the value proposition.
Maurice Jackson: Today we will focus on a premier project generator that is conducting quite an intriguing exploration program in the prolific Tintina Gold Province of Alaska. Joining us for a conversation is Gregory Beischer, the CEO of Millrock Resources Inc. (MRO:TSX.V; MLRKF:OTCQB).
Gregory, for someone new to Millrock Resources, please introduce the opportunity the company presents to the market.
Gregory Beischer: Millrock Resources is a project generator company. We're early-stage exploration geologists. Alaska is home base for us and this is the main area of exploration focus for us. We come up with new exploration ideas, concepts; we acquire mineral rights; and then we show the geologic...
Mon, 24 Feb 2020
The Die Is Cast
Source: Michael Ballanger for Streetwise Reports 02/24/2020
Sector expert Michael Ballanger charts the latest changes in the markets and prognosticates on when and why silver prices should make a move.One of my good friends from the 1980s and 1990s was the late Ian McAvity, a superb technical analyst, a founder of Central Fund of Canada, a Bay Street Mover and, most importantly, a humble and thoroughly enjoyable man. He was the first newsletter writer that I came across in my early years as a "registered rep," totally committed to technical analysis but with an undying and near-prophetical emphasis on precious metals.
It was in the 1980s, with gold having entered what would become a 21-year bear market. Many of the newsletter-flogging gloom-and-doomsters were making outrageous claims of "$1,000, $2000, $5,000 gold!!!" in a desperate (and unsuccessful) effort to distract their patrons away from the fledgling new bull market in stocks, which went on to dominate the...
Thu, 20 Feb 2020
Titans in Mining: An Interview with Rick Rule, Part 2
Source: The Critical Investor for Streetwise Reports 02/20/2020
The Critical Investor sits down with industry veteran Rick Rule for a wide-ranging conversation that includes commodities such as copper and uranium, Sprott's investments, and his own economic philosophy and investment strategy.After the first part of my interview with Rick Rule generated quite a bit of attention, I'm pleased to continue with the interview in this second, and equally extensive, part, in a series of no less than four parts. As Rick is one of the best speakers in the mining sector, there is no shortage of lengthy, witty, funny and knowledgeable answers. He has set the bar pretty high, as I am planning on inviting more big names with illustrious careers in this industry for a likewise in-depth questioning. For now, enjoy the next topics discussed by Rick Rule.
The Critical Investor (TCI): The biggest trap for junior mining investors is averaging down in my view, as fundamentals seem to...
Mon, 24 Feb 2020
Producer Hits 'Major' Discovery, Target Price Raised
Source: Streetwise Reports 02/24/2020
This new finding of SilverCrest Metals and its potential to improve the upcoming project feasibility study are described in a ROTH Capital Partners report.In a Feb. 18 research note, ROTH Capital Partners analyst Jake Sekelsky reported that SilverCrest Metals Inc. (SIL:TSX.V; SILV:NYSE.American) discovered an expanse of new high-grade mineralization at its Las Chispas project in Mexico, which it calls Area 200.
Because of this successful recent exploration, ROTH increased its target price on the silver company to US$10 per share from US$7.75. Currently, the Canadian producer is trading at about US$7.75 per share.
Sekelsky reviewed Area 200's gold grades and potential impact on the feasibility study.
He noted that the discovery consists of the highest grade at Las Chispas to date. Drill results from Area 200 returned an average true width of 1.5 meters of 2,167 grams per ton (2,167 g/t) silver and 16.1 g/t gold, or 3,375 g/t...
Wed, 19 Feb 2020
With Gold Price Soaring, Portofino Resources Is Exploring the Red Lake Mining District
Source: Peter Epstein for Streetwise Reports 02/19/2020
Peter Epstein of Epstein Research profiles a company with a project in the highly prospective Red Lake area as well as properties in Argentina's Lithium Triangle.Last September Portofino Resources Inc. (POR:TSX.V; POT:FSE) announced a binding agreement for the right to acquire a 100% interest in mining claims in the famous Red Lake mining district of Ontario. Portofino joins both majors and juniors including Australia-listed Evolution Mining and Canada-listed Yamana, Great Bear Resources, Premier Gold Mines, Pure Gold, Rubicon Minerals, Pacton Gold, BTU Metals and GoldOn Resources.
Portofino's block comprises 14 mining claims covering ~5,120 hectares. The claims are near investment crowd favorite Dixie project, being drilled out by Great Bear Resources (GBR). GBR's latest results from a fully financed 200,000-meter drill program were impressive. One of several intervals was 48.7 grams per tonne (g/t) gold (Au)...
Tue, 18 Feb 2020
PGE Explorer Reviews Latest Results from Montana Prospects
Source: Maurice Jackson for Streetwise Reports 02/18/2020
Maurice Jackson of Proven and Probable talks with the president and CEO of Group Ten Metals about the company's latest news.
Maurice Jackson: Today, we will highlight an exciting value proposition in the prolific Stillwater district of Montana, which is known for high grade palladium, platinum, gold, nickel, copper and cobalt. Joining us today is Michael Rowley, the president and CEO of Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTCQB; 5D32:FSE).
We have some very intriguing news to share with audience members, but before we begin, sir, for someone new to the story, please introduce Group Ten Metals and the opportunity the company presents to the market.
Michael Rowley: Group Ten Metals is a growth-stage exploration company. We are pre-resource, resource however, as we will touch on in our conversation today, we are now modeling our first formal mineral resources at our most advanced target areas, and that's...
Tue, 18 Feb 2020
Baltic Dry, Copper, Oil, Tech and China Continue to Call for Market Crash Soon
Source: Clive Maund for Streetwise Reports 02/18/2020
Technical analyst Clive Maund takes a hard look at various charts and sees an impending breakdown of commodity and tech markets.In this update we are going to review a small but important range of commodities and lead indicators that strongly suggest the seemingly endless bull market in U.S. equities is living on borrowed time and will end sooner rather than later. Given how long it has lasted and how extremely overvalued the market has become, the downturn will likely start with a crash phase.
Regardless of what the eventual impact of the coronavirus epidemic is, U.S. stock markets, in particular, seem to be in a state of denial about the actual real-world consequences of the Chinese shutdown and its impact on the global supply chain and corporate profitability everywhere, and some elements even seem to be gloating about China's misfortune and predicament, completely oblivious to the fact that this is going to...
Sun, 16 Feb 2020
Grande Portage Resources Strikes Gold
Source: Bob Moriarty for Streetwise Reports 02/16/2020
Bob Moriarty of 321gold profiles an exploration junior with a high-grade project in the Juneau gold belt.There are a ton of tiny juniors out there who are taking advantage of a more favorable financing market to cash up and get cranking. One, with a tiny market cap of about $5 million at the time, contacted me a few weeks back with an interesting story. They wanted to advertise and were coming out with a private placement so I bought into it.
The market quickly understood what the company had so the shares doubled before the placement closed. In fact, the demand was so brisk they had to raise the price and doubled the size of the pp.
The company is called Grande Portage Resources Ltd. (GPG:TSX.V) and they have a most compelling story. Their Herbert gold prospect in SE Alaska, just west of Northern British Columbia, is in the midst of the Juneau gold belt that has produced seven million ounces of gold to date....
Sun, 16 Feb 2020
The Argument in Favor of Prospect Generators
Source: Maurice Jackson for Streetwise Reports 02/16/2020
Maurice Jackson of Proven and Probable talks with Rick Rule of Sprott USA and John-Mark Staude of Riverside Resources about the investment promise of project generators.Maurice Jackson: Today we will highlight what may be the most overlooked value proposition in exploration, prospect generators. Joining us for a conversation is legendary investor Rick Rule of Sprott USA and Dr. John-Mark Staude of Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB).
Rick, you, along with Sprott USA, are the most trusted and respected names in the natural resource space. That reputation has been earned with a proven pedigree of personal and investment success for the clients of Sprott USA by identifying companies and sectors that are selling at deep discounts. I would like to begin by asking you a two-fold question. What is a prospect generator and why should someone reading strongly consider the value proposition they may present...
Tue, 18 Feb 2020
The Reign of the Royalty
Source: Matt Geiger for Streetwise Reports 02/18/2020
Matt Geiger of MJG Capital examines the investment thesis for royalty companies during the current precious metals market upswing.Perhaps the most significant development in the mining industry over the past twenty years has been the rise of the royalty business model. For those unfamiliar, a royalty is the right to receive a percentage of production from a given mining operationÂmost often in the form of a net smelter royalty (NSR) where the royalty owner is entitled to a defined percentage of the gross revenue, less a proportionate share of transportation, refining and smelting costs. Royalty companies, as one can imagine, make their living by acquiring a portfolio of attractive royalty assets and then either (a) leveraging their portfolio for access to bigger and better royalty deals or (b) returning the cash to shareholders through buybacks or dividends.
Investors love this business model for a multitude...
Fri, 14 Feb 2020
Exploration Drilling at Idaho Property Yields Positive Results
Source: Streetwise Reports 02/14/2020
The outcomes at Integra Resources' gold-silver project are detailed in an Echelon Wealth Partners report.Ryan Walker, an analyst with Echelon Wealth Partners, reported in a Feb. 6 research note that recent drill results from Integra Resources Corp.'s (ITR:TSX.V; IRRZF:OTCQB) DeLamar project in Idaho expanded one zone and delineated a new anomaly. "We contend that the latest results tend to support the regional prospectivity of the land package assembled by Integra Resources," Walker commented.
The analyst reviewed the results.
Drilling, for one, extended the 1.2 kilometer (1.2 km)-long, gold-silver mineralized zone on the War Eagle property in the southeast corner of DeLamar another 300 meters (300m), Walker indicated. Mineralization in the War Eagle zone remains open.
Two, about 3 km to the west of War Eagle and due east of Florida Mountain, Integra outlined a "new, 1,400m by 600m, high-intensity, gold-silver-arsenic-molybdenum...
Fri, 14 Feb 2020
'Strong Operational Performance into Year-end Bodes Well' for Vanadium Firm
Source: Streetwise Reports 02/14/2020
Largo Resources' Q4/19 results and 2020 guidance are reviewed in a CIBC research report.In a Feb. 6 research note, CIBC analyst Bryce Adams purported that Largo Resources Ltd.'s (LGO:TSX) record Q4/19 production and 2020 operational guidance portend a positive outlook for the company after its contract with Glencore will expire in May, a near-term catalyst.
"The [Glencore] agreement, coupled with declining commodity prices, has been particularly punitive in 2019 and a significant overhang on the stock," Adams wrote. "In three months' time, this overhang should be removed."
The firm has an Outperformer rating and a CA$2.50 per share price target on Largo Resources. The stock is trading now at around CA$1.105 per share. "We believe current trading levels offer compelling risk to reward," wrote Adams.
As for Q4/19, Largo achieved "strong operational performance," Adams noted. The company produced 3,011 tons of vanadium pentoxide,...
Thu, 13 Feb 2020
Drilling 'Highlights More Resource Potential' at Mexico Project
Source: Streetwise Reports 02/13/2020
Results from drill and water well testing at Minera Alamos' project and their implications are reviewed in a Haywood research report.Haywood analyst Kerry Smith reported in a Feb. 6 research note that drilling and water testing yielded positive results at Minera Alamos Inc.'s (MAI:TSX.V; MAIFF:OTCQB) Santana open-pit, heap-leach gold project.
Results are in for the first two follow-up holes drilled as part of Minera Alamos' phase two program at Santana, and they suggest additional resource potential, Smith highlighted.
Drilled to a depth of 200 meters (200m) at the Divisadero discovery at Santana, the holes returned 0.42 grams per ton (0.42 g/t) gold over 96.4 meters (96.4m) and 0.56 g/t gold over 133.6m. Mineralization remains open in multiple directions.
Because Divisadero is 1 kilometer from the Nicho resource, it could become a satellite pit to it. Mining at Nicho is slated to begin later this year, Smith indicated....