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  • Cabral Sitting on a Plateau of Gold
    on July 2, 2020 at 8:00 am

    Source: Bob Moriarty for Streetwise Reports   07/02/2020 Bob Moriarty of 321gold discusses the resource calculations at this company's gold project in Brazil and explains why he's an investor.I fully approve of garimpeiro miners. Rarely can they read and write. They can live under conditions that the majority of us could never handle. They mine in a totally different way than do the junior resource companies in the space. They all make money. That's right, 100% of garimpeiro miners make money regardless of what the price of the commodity is. They have to, because if they don't, they don't eat or provide food for their family. Junior mining companies believe that spending money for twenty years and never making a dime in profit makes perfect sense. In fact, most geologists believe that geology is all about spending money. And they will spend money until frustrated investors finally give them the boot. Garimpeiro miners think that spending money and not producing profit is daft. Because it is daft. When they can't make money on a project, they stop spending money and time in fruitless activity. The "professionals" in the junior mining space don't think much of the artisan miners but they could learn a lot from them. One thing they could learn is where the gold is. If you go back to what I had to say about TriStar Gold in January, our newest sponsor, Cabral Gold Inc. (CBR:TSX.V; CBGZF:OTCBB) is in the same boat. They both followed the garimpeiro miners to the mother lode. Cabral Gold has doubled since the crash lows in mid-March and is still cheap. The company has a 100% interest in the 36,000 square km Cuiú Cuiú project with a million ounces of gold in 43-101 resources. The region was the world's largest gold rush in the last 100 years with the artisan miners taking out somewhere between 20 and 30 million ounces of gold from near surface and surface mining. Their Cuiú Cuiú deposit produced 2 million of those ounces already. No doubt the locals left a few ounces, artisan mining leaves a lot of gold behind. As a matter of general interest, Eldorado Gold is going into production at their 2.1 million ounce gold deposit only 20 km away. For many years infrastructure has been one of the biggest hurdles junior mining companies face in Brazil but the government put in a new road within the last five years that Eldorado linked into. Cabral has built a spur road from that. Brazil plans new hydroelectric plants in the area so power costs will drop and there will be more interest in the area. The president, one of the largest shareholders of Cabral, Alan Carter, contacted me a year ago and pitched me on the project. My response to him was that all he needed to do was increase his visibility and the market would bid up the shares. He ignored me. The stock went down in spite of having compelling economics. He called back this year. I told him the same thing. He's on board now. The company just completed a major private placement and is sitting on $3 million cash reserved for drilling and exploration. Recent results that are now incorporated in the 43-101 show wonderful numbers including 3.4 meters of 36.9 g/t gold and 2.8 meters of 19.5 g/t Au. Surface samples from a newly discovered region called Alonso show grades of 11.6 to 200.3 g/t Au. I highly suggest potential investors download the corporate presentation and go to page 11. I totally disagree with how Micon calculated the resource. When you are dealing with this form of gold, it has large nuggety gold in the saprolite layer at the surface decreasing to a tiny size in the laterite lower down: you get a really wide variation in size. Most investors, indeed most geologists don't understand this but gold is highly mobile. In a very wet area such as Brazil half the year, the gold actually grows at surface in chemical remobilization. So using a top cut where you just ignore the very high grade simply is not accurate. So I don't buy the current 1 million ounce 43-101. It's really 1.5 million ounces using the existing numbers but not being so anal about being conservative. Perfection is being accurate, not being perfect. So their market cap is about $10 million USD and they have for all real purposes, 1.5 million ounces. That makes gold under $7 an ounce. If you must be anal retentive, it's still gold for under $11 an ounce USD. Given that the FED has guaranteed hyperinflation and the banks are going to close one day soon, owning a real resource run by real management where their interests are aligned with that of shareholders is probably a very good idea. Cabral has major drill programs scheduled for the next six months so expect a lot of news. And this year the company is going to keep telling people what they have and that's a really good thing. Cabral is an advertiser. I missed the pp but I have bought shares in the open market. Do your own due diligence. Cabral Gold CBR-V $0.155 (Jul 02, 2020) CBGZF OTCBB 88 million shares Cabral Gold website. Bob Moriarty President: 321gold Archives 321gold Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Cabral Gold. Cabral Gold is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Cabral Gold, a company mentioned in this article.( Companies Mentioned: CBR:TSX.V; CBGZF:OTCBB, ) […]

  • Explorer's Shares Expected to 'Materially Rerate' in H2/20
    on July 2, 2020 at 8:00 am

    Source: Streetwise Reports   07/02/2020 Recent drill results from Troilus Gold's Quebec project are analyzed in a Red Cloud Securities report.In a May 15 research note, Red Cloud Securities analyst Jacob Willoughby reported that drilling continues to grow the Southwest zone at Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) Troilus project in Quebec. Willoughby reviewed Troilus Gold's recently reported results of six holes drilled in Southwest. They showed that in the zone, several high-grade gold intercepts occur within larger envelopes of disseminated gold. One such intercepts was 13.28 grams per ton (13.28 g/t) gold equivalent (Au eq) over 1 meter (1m) within 1.18 g/t Au eq over 21m, seen in hole TLG-ZSW20-181. Hole TLGZSW20-186 returned 16.1 g/t Au eq over 1.1m, 1.33 g/t Au eq over 5m and 1.43 g/t Au eq over 5m. Hole TLG-ZSW20-190 demonstrated 46.4 g/t Au eq over 1m. These intercepts further suggest that the overall grade of the Southwest zone could exceed that of the existing resource, 0.95 g/t Au eq. As of now, the weighted average derived from all Southwest drilling reported so far is 1.05 g/t Au eq (unchanged) over an average 11.5m (down from 11.9m), and this represents an 11% improvement over the current resource grade. The drill results also indicate that the mineralization in Southwest extends for 1-plus kilometers and remains open along trend and at depth. Willoughby noted that he expects Southwest to improve the project's overall grade and expand the current resource. Troilus Gold plans to revise the project's mineral resource to include the Southwest drill results; the update could be released in Q2/20. Looking forward, Willoughby commented, "Given previous operators (Inmet Mining Corp.) did almost no near-mine exploration, we expect the shares of Troilus to materially rerate over the next six to 12 months as the company demonstrates organic resource expansion potential along strike from the J zone, Z87 and the new Southwest zone areas." Red Cloud has a Buy rating and a CA$1.80 per share price target on Troilus Gold, the stock of which is now trading at around CA$1.05 per share. Read what other experts are saying about: Troilus Gold Corp. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Troilus Gold. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Disclosures from Red Cloud Securities, Troilus Gold Corp., Exploration Update, May 15, 2020 Part of Red Cloud Securities Inc.'s business is to connect mining companies with suitable investors. Red Cloud Securities Inc., its affiliates and their respective officers, directors, representatives, researchers and members of their families may hold positions in the companies mentioned in this document and may buy and/or sell their securities. Additionally, Red Cloud Securities Inc. may have provided in the past, and may provide in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services. Company Specific Disclosure Details 3. In the last 12 months preceding the date of issuance of the research report or recommendation, Red Cloud Securities Inc. has performed investment banking services and has been retained under a service or advisory agreement by the issuer. 4. In the last 12 months, a partner, director or officer of Red Cloud Securities Inc., or the analyst involved in the preparation of the research report has received compensation for investment banking services from the issuer. Analyst Certification The Red Cloud Securities Inc. Analyst named on the report hereby certifies that the recommendations and/or opinions expressed herein accurately reflect such research analyst’s personal views about the company and securities that are the subject of this report; or any companies mentioned in the report that are also covered by the named analyst. In addition, no part of the research analyst’s compensation is, or will be, directly or indirectly, related to the specific recommendations or views expressed by such research analyst in this report.( Companies Mentioned: TLG:TSX; CHXMF:OTCQB, ) […]

  • Junior Explorer Begins Field Work on Copper-Gold Prospect in Yukon Territory
    on July 2, 2020 at 8:00 am

    Source: Maurice Jackson of Streetwise Reports   07/02/2020 The president and CEO of Granite Creek Copper outlines prospects for the Stu Copper-Gold project in this conversation with Maurice Jackson of Proven and Probable.Maurice Jackson: Welcome to Proven and Probable. Today, we're going to highlight an early-stage exploration company focused on copper, gold and silver located in the Yukon, in Canada's prolific Minto Copper District, Granite Creek Copper Ltd. (GCX:TSX.V). Our featured company has seen its share price increase from $0.03 to $0.10 in less than 60 days. They're fully cashed up and ready to begin their 2020 field season. Joining us for a conversation is Tim Johnson, president and CEO of Granite Creek Copper. Mr. Johnson, glad to have you back. It's been a while. And since that time, Granite Creek has achieved a couple of significant milestones, including a successful financing (click here) and the launch of your 2020 field season. But before we get into that, Mr. Johnson, give us a basic overview of Granite Creek Copper and the Stu Copper-Gold project. Tim Johnson: The Stu Copper-Gold project was acquired by the company in January of 2019. It was a land package that had been held by a Yukon prospector and he had, over the years since the 1980s, been acquiring claims and assembling this land package in a significant copper belt. GCX is located in central Yukon. The nearest town is the village of Carmacks, and we're on a paved highway from the capital Whitehorse, with good infrastructure. We have hydro within 20 kilometers of the property, along with good road access into the center of the property. We sit just south of the operating Minto mine and we are north and adjacent to the advanced-stage Carmacks deposit. Maurice Jackson: In terms of progress to date, you've been rather aggressive, I should say, including securing an existing database containing some prior drilling, is that correct? Tim Johnson: Shortly after acquiring the property, we were made aware of a private database that held information that had never been made public, and we were able to acquire that. And then, subsequently, we also acquired raw data from an airborne survey that was flown in 2008. And again, that survey had only a portion of it made public and no work had been done on that data. When you typically fly a geophysics survey. . .all sorts of post-processing work is done to help focus your efforts on the ground. None of that work had been done so it was quite a treasure trove of information that we were able to get and put together. Maurice Jackson: Allow me to be the first, Mr. Johnson, to congratulate you and the entire team for successfully completing the financing and the beginning of your 2020 field work. What's the strategy there, and the plan, and take us through some of the geology that you're seeing and what that might mean in terms of opportunity for us. Tim Johnson: Well, it all references back to that database that we acquired. So, the property was drilled in the 1980s, but the company that drilled at the time had the entire belt. What they discovered is that the Minto geology was much easier to figure out, as it was more exposed at surface. Therefore, their efforts were focused there and they never really completed their exploration program on what is now the Stu properties. They let that property lapse and, like I said, it's been held private since the 1980s. There was roughly 5,000 meters of drilling done and only 20% of that core was ever sampled. They only sampled the obvious high-grade material. There is a mineralized core on the property that's never been assayed. What we've since discovered is that they weren't focused on precious metals and were using an in-house lab with very high detection limits on precious metals. Noteworthy to mention that a lot of stuff, say sub-gram gold material, wasn't even recognized. Granite Creek Copper's program this summer is going to focus on re-assaying as much of that core as we can using a modern lab with modern detection limits. And we hope that we're going to be able to bring some of those precious metals that we know likely are there, but had been previously below the detection limit, into our resource model. Maurice Jackson: Let's go to the Stu Copper-Gold project. In terms of the district, it's all there. You've got highway, power access and an operator to the north. How does that all come together for the benefit of Granite Creek shareholders? Tim Johnson: This is a key point for investors because it gives us three exit strategies. If we find a modest resource, we'll be able to do a toll milling or potentially some sort of an agreement with our neighbor to the north with an operating mill that we know is underutilized right now. They can take mill feed. If we find a larger resource, then we become a takeover target for them as they would want to secure that resource. And if we find a larger resource yet, then we attract a major player to the belt. And we think probably the best value for investors, and the highest potential, is that we can show the larger players in the copper space the potential for the belt. We think there's multiple billion pounds of copper within the belt, from the Carmacks deposit to the south up to Minto, and that's what we want to prove up. Maurice Jackson: Now that the financing is complete, please provide us with an update on the capital structure. Tim Johnson: Granite Creek Copper has 60 million shares outstanding. We've got about a 100 million fully diluted, and that portion would bring in about $2.5 million in cash, should all those warrants be exercised. We have just about $1.5 million in the bank. And we also have, on top of that, securities of 30% ownership in Copper North Mining Corp. that gives our investors access to, or exposure to, an existing resource. We want to build on that resource on our own ground and see what the economics of putting those two resources together is going to look like. Maurice Jackson: On March 23, the share price was $0.03. Fast forward 60 days later, Mr. Johnson, what is the current share price? Tim Johnson: The current share price is $0.10. We're pretty pleased with that and we see upside potential for our share place. Maurice Jackson: Last question, sir: What did I forget to ask? Tim Johnson: You forgot to ask—or maybe I forgot to say—about the nature of our collaborative approach to development within the belt. We keep our neighbors informed of what we're doing, and they keep us informed of what they're doing. We think the best strategy here is to attract a large player to the belt. And we're only going to do that if we work together. Maurice Jackson: Mr. Johnson, for readers that want to get more information on Granite Creek Copper, please share the contact details. Tim Johnson: You can get a hold of us at www.gcxcopper.com. Maurice Jackson: Granite Creek Copper trades on the TSX.V: GCX. Granite Creek Copper is a sponsor of Proven and Probable and we are proud shareholders for the virtues conveyed in today's message. Before you make your next bullion purchase, make sure you call me. I'm a licensed representative for Miles Franklin Precious Metals Investments, where we have several options to expand your precious metals portfolio. From physical delivery, off-shore depositories, and precious metal IRAs. Call me at (855) 505-1900, or you may email maurice@milesfranklin.com. Finally, please subscribe to Proven and Probable for mining insights and bullion sales. Subscription is free. Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Granite Creek Copper. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: Granite Creek Copper is a sponsor of Proven and Probable. Proven and Probable disclosures are listed below. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. As of the date of this article, an affiliate of Streetwise Reports has a consulting relationship with Granite Creek Copper. Please click here for more information. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Granite Creek Copper, a company mentioned in this article. Disclosures for Proven and Probable: Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734. The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk. Images provided by the author. ( Companies Mentioned: GCX:TSX.V, ) […]

  • Explorer Forges Major Partnership and Moves Ahead with Drill Program
    on July 1, 2020 at 8:00 am

    Source: Maurice Jackson of Streetwise Reports   07/01/2020 In conversation with Maurice Jackson of Proven and Probable, the president and CEO of Riverside Resources describes his company's option agreement with Hochschild Mining and plans to move the Los Cuarentas Gold-Silver Project forward.Maurice: Today, we're going to highlight Riverside Resources Inc. (RRI:TSX.V; RVSDF:OTCQB), a project generator that just consummated a definitive option agreement with a two-prong earn-in agreement worth $11 million and an additional $20 million for a buyout, with a 1% net smelter return. Dr. Staude, pleasure to speak with you today. John-Mark: Great to be here, Maurice. Maurice: John-Mark, you have some exciting news for shareholders regarding a definitive option agreement on the Los Cuarentas Gold-Silver Project (press release). Dr. Staude, what would you like to share with us? John-Mark: We're so excited. We've been working a long-time on the Los Cuarentas project, and to have a major partner like Hochschild Mining Plc (HOC:LSE) join us in conducting the exploration is wonderful. The option is for them to earn a 51% interest by investing over US$8 million into the ground, with us as the operator. For us, this is the perfect example of prospect generation. We generate projects, progress them, and now have the major command with an aggressive drill program, aggressive exploration to unlock the value for us and our partners. We're in a great position. We're very excited today about this news. Maurice: There's some history between Hochschild and Riverside Resources. How did that factor into the consummation on the option agreement on the Los Cuarentas? John-Mark: We're so lucky. We worked with them in the past. We had a strategic exploration alliance where we generated projects, forwarded those, and built out a portfolio working with Hochschild. We also really enjoyed working with them. In these difficult times, when things went down, they stuck with us and we stuck with them. So now, here we are in COVID, yet again in challenging times, and we're delighted to know we're going with a partner that we worked within the past. We have good alignment in values, vision and particularly in a goal to make discoveries working with Hochschild and Riverside. So. . .now we get to go forward with a big drill program. We're in a great position. Maurice: Speaking of the drill program, can you define the roles of Riverside and Hochschild's respectively? And when will it begin? John-Mark: It's starting right away. Right now, we're working on the budget. We went out to the site earlier in January, and it's so lucky we did, because in March, as we know, things changed so much. But by going out to site, we began to layout the program. And so now we're able to go out in the field; we have a team in Hermosillo, Mexico. We live and work there. We can work from that location and then up at the project site to carry out the exploration over the next months and be ready to drill. During this year, we'll have drill results and go for a drill discovery. We'll be pushing hard first, with geophysics and then with drilling. So we're in a great position now. Maurice: John-Mark, why does Riverside like this epithermal gold-silver district so much? John-Mark: Mexico has been a world leader for five centuries with epithermal. These are shallow systems where hot water brings gold and silver and deposits it with silica near the surface. The reason we like it is, first, it's rich. Second, it's often fairly easy to mine. Third, it's company makers. Many companies have been built out of this style of deposit, Hochschild, who've made their careers mining epithermal. And right next to us, just to the east of us, is SilverCrest Metals Inc. (SIL:TSX.V; SILV:NYSE.American), with their mining operations and exploration that they're doing with the Los Chispas mine. And to the west of us is the Mercedes mining district. . .where we see Premier Gold Mines Ltd. (PG:TSX) developing and mining. To the north of us, we have Santa Gertrudis mine with Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE), and to the south of us, we have First Majestic Silver Corp. (FR:TSX; AG:NYSE; FMV:FSE) and the Santa Elena mine. And all of those are within this world of epithermal, shallow mineralization—young, gold, very positive. So we're so excited to be right in the middle with this project. And these are the type of deposits we want to be a part of making in the discovery through exploration. Maurice: Location, location, location. John-Mark, walk us through the transaction details, beginning with phase one of the earn-in option agreement. John-Mark: In phase one, there's US$750,000 exploration funding in the first year. It's a four-year option. In the first phase. . .Hochschild will be spending $8 million in work [with] Riverside as the operator. Also, Hochschild is covering any of the lingering, underlying costs to buy out the underlying owners, and to pay for any of their taxes and other things like that. So for us, we've generated this in this phase one. We've got to test these targets that we've already come up with, and explore the property-wide program. It's a great situation for all parties. Maurice: How about phase two? John-Mark: Phase two is really exciting as well. Hochschild gets to go to 75% by doing another $3 million of work and completing a study, and of course, paying us, as well some more fees. So it's a really good situation, and that's the type of deal we like to do where it gives them the upside, but it also gives us a chance where, if they carry it forward further, or it doesn't dilute us, or if we make a joint venture, we're able to be a large holder in it. So phase two is a great step, as well, for both companies. Maurice: John-Mark, this is another great demonstration of the business acumen and on behalf of all the shareholders, as I am one myself, thank you. This is great. All right, switching gears, John-Mark, please share the current share price and the capital structure for Riverside Resources. John-Mark: Riverside right now is trading in about CA$0.20, and on the U.S. side is about $0.14 cents. Our share structure: 63 million shares. We're in a good position with over $2 million cash in the bank and no debt. Riverside's poised for doing well for the remainder of 2020 and onward. Maurice: In closing, what did I forget to ask? John-Mark: I think what took us so long to get this deal done was because of COVID. We wanted to get this done, but we had to wait a while to make sure we had it all aligned. We've all been very respectful, so delighted to work with Hochschild, and now we're ready to go ahead. We had a bit of a hiatus during COVID, but we're set to go. We've gotten through that. Now, we're ready to go in the field. So I think that's our excitement now, is getting going with results. Maurice: Dr. Staude, for someone listening that wants to get more information on Riverside Resources, please share the contact details. John-Mark: Please come to our website: www.rivres.com. Maurice: Dr. Staude, thank you for joining us today on Proven and Probable. Riverside Resources trades on the TSX.V: RRI | OTCQB: RVSDF. Before you make your next bullion purchase, make sure you call me. I'm a licensed representative for Miles Franklin Precious Metals Investments. We have several options to expand your precious metals portfolio from physical delivery, offshore depositories and precious metal IRAs. Call me at (855) 505-1900, or you may e-mail maurice@milesfranklin.com. Finally, please subscribe to Proven and Probable for mining insights and bullion sales. Subscription is free. Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Riverside Resources. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: Riverside Resources is a sponsor of Proven and Probable. Proven and Probable disclosures are listed below. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own shares of Riverside Resources, a company mentioned in this article. Disclosures for Proven and Probable: Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used is to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Monthly sponsorship fees range from $1,000 to $4,000 per month. Proven and Probable LLC does accept stock for payment of sponsorship fees. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734. The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. You should not make any decision, financial, investments, trading or otherwise, based on any of the information presented on this forum without undertaking independent due diligence and consultation with a professional broker or competent financial advisor. You understand that you are using any and all Information available on or through this forum at your own risk. Images provided by the author. ( Companies Mentioned: RRI:TSX.V; RVSDF:OTCQB, ) […]

  • Canadian Explorer Unearths 'Blockbuster Grades'; Still Has 'Room to Run'
    on July 1, 2020 at 8:00 am

    Source: Peter Epstein for Streetwise Reports   07/01/2020 Peter Epstein of Epstein Research interviews Brad Rourke, CEO of Scottie Resources, a 'rising star' working in the prolific Golden Triangle.The Golden Triangle (GT) of northwestern British Columbia has been one of the best performing mining districts for precious and base metals juniors. Of roughly 30 names I'm tracking, as of the close on June 30, the Top 3 are up an average of +1,536% (!) from their respective 52-week lows. The Top 5 are up an average +1,238%, Top 8; +940%, Top 12; +734% and Top 15; +632%. . . A name that I've written about in the past, Scottie Resources Corp. (SCOT:TSX.V) has gained an impressive +273%, but I believe it has room to run upon further exploration successes this season. Last year Scottie discovered multiple high-grade surficial targets on its newly acquired Summit Lake claims and had exciting drill results on its Bow and Scottie Gold Mine properties. Bow saw modest drilling, but delivered notable hits like 73.3 g/t Au over 4.3 meters (4.3m), incl. 152.5 g/t over 1.9m, on the Bend Vein, and 7.4 g/t Au over 34.8m, including 14.3 g/t over 14.0m, on the Blueberry Vein. The longest drill hole to date on the Scottie Gold Mine property returned an interval of 7.3 g/t Au over a fairly long 25.0m, including 11.7 g/t over 11.0m. In 2019 Scottie acquired the 4,877-hectare Summit Lake property, which had been in private hands and barely explored for 20+ years. Grab samples taken by Scottie's team returned blockbuster grades, including 536 g/t Au, 63 g/t Au, 2,290 g/t Ag and 2,000 g/t Ag. A new discovery at Summit Lake, the Domino zone, had some of the best grab samples and will be a big part of this season's exploration activities. Under CEO Brad Rourke, Scottie Resources has grown from about 400 hectares (400 ha) in 2017 to 24,589 ha (nine properties), contained largely in two contiguous blocks. Rourke plans a minimum of 5,000 meters of drilling this summer/fall, and possibly more, if results are strong and weather permits. Management recently attracted Eric Sprott as a cornerstone investor, and is sitting on just over CA$5M in cash. The company's valuation is attractive, and right in the sweet spot of GT peers. Companies like Skeena Resources Ltd. (SKE:TSX.V), GT Gold Corp. (GTT:TSX.V), Tudor Gold Inc. (TUD:TSX.V) and Ascot Resources Ltd. (AOT:TSX.V) are much larger. I think these four are potential acquirers of Scottie, especially Pretium Resources Inc. (PVG:TSX; PVG:NYSE) and Ascot, both of whom share borders with Scottie. By the end of next year, management will have the results from two more drill seasons, possibly putting it in position to deliver a maiden mineral resource estimate. With all of these balls in the air, Mr. Rourke is a very busy man. I caught up with him last week for the following interview. Peter Epstein: Brad, Scottie Resources owns nine properties covering 24,589 hectares. Eight are split between two contiguous blocks sharing borders with Pretium and Ascot Resources. What can you tell us about these properties? Brad Rourke: Scottie has been an aggressive consolidator of claims in the GT. We have grown from ~400 hectares in 2017 to nearly 24,600 hectares spread across nine properties today. Based on the nature and locations of the mineralizing systems and major structures, we're working the nine properties as two larger contiguous blocks, the Scottie Gold Mine and Cambria projects. The Scottie Gold Mine project includes the Scottie Gold Mine, Bow, Summit Lake and Stock properties. Exploration on this 8,728-hectare block will be focused on high-grade gold mineralization akin to our past-producing operation. Our second contiguous block is the 14,243-hectare Cambria project. It contains four properties (Black Hills, Ruby Silver, Bitter Creek and Portland), bordered to the east by Ascot Resources' Red Mountain project, and to the north by Pretium Resources. Crews are currently on-site conducting soil sampling and geologic mapping. The focus at Cambria is more on silver-rich, polymetallic vein systems in the southern portion (Bitter Creek and Black Hills), and high-grade gold in the northern portion. The Sulu property is 1.5 kilometers (1.5 km) northwest of Summit Lake and 7 km northeast of the past-producing Granduc Mine. This 1,617-hectare property hosts significant potential for both VMS (volcanogenic massive sulfide) mineralization and high-grade precious metal veins. In 2017, an airborne geophysical survey was flown that produced a number of coincident electromagnetic (EM) and magnetic anomalies, but the work was not followed up on. Peter Epstein: Please describe the details of your 2020 exploration plans. Brad Rourke: We are very excited to pick up where we left off, with a fully-funded 5,000-meter drill program on Bow's Blueberry vein, past-producing Scottie Gold Mine and the Domino zone on the Summit Lake claims. We're conducting an airborne time domain electromagnetic survey on 5,800 hectares of the Scottie Gold Mine project and structure-focused geological mapping of key showings. We also plan to do detailed IP (induced polarization) surveys of multiple drill targets, explore areas of glacial ablation and other follow-up on high-grade showings from 2019. Peter Epstein: By market cap, Scottie is the tenth largest pre-production junior in the Golden Triangle. Is Scottie similar to any other peers in the district? Brad Rourke: We see ourselves enjoying an optimal combination of features. We have high-grade gold, host a past-producing mine [nearly 100k ounces @ 16.2 g/t gold], have road accessible projects, a sizable land package hosting two contiguous blocks, and acquired a nearly 5,000-hectare property that was in private hands for over 20 years. That property, Summit Lake, is untested by drilling. Peter Epstein: Please tell readers about your flagship Scottie Gold mine property, including recent drill results and plans for 2020. Brad Rourke: The past-producing Scottie Gold Mine was discovered as veins outcropping at surface. Old-timers chased the vein into the mountain. Historic drilling was done primarily for production; little effort was given to identifying other brownfield targets. When we acquired the property, we took a step back to do modern property-scale exploration. We tested and confirmed some of our theories by drilling the longest hole ever on the property, and we intersected an interval of 11.7 g/t gold over 11m. The positioning of this hole clearly illustrates that the deposit was neither mined out, nor drilled off. It remains open at depth and along strike. Past drilling delivered some tremendous assays to build on [see results below]. Peter Epstein: Last year's grab samples on the Summit Lake property included 537.3 g/t Au eq. (gold equivalent) and 63.6 g/t Au eq. in the Domino zone; 34.4 g/t Au eq. in the Kingpin zone; and 29.6 g/t Aueq. in the Mayor zone. Please explain the next steps for Summit Lake. Brad Rourke: Last season was our first pass on the property. In fact, for much of the program we were the first boots on the ground in 25+ years. Given the significant extent of glacial retreat, our focus was on newly exposed rocks and following up on geophysical anomalies. What we're most excited for is to drill the newly discovered Domino structure. It has everything a good target should. Grade—up to 536 g/t gold!—size, striking over 700m in length, up to 200m wide, and a comparable mineralized deposit—the Scottie Gold Mine—on strike 2 km away. Peter Epstein: Two of the 2019 grab samples at Summit Lake graded 2,000+ g/t silver (~2/3 ounces/t gold eq.). Might silver be a meaningful part of the Summit Lake story? Brad Rourke: We're not approaching these projects with a singular focus on commodity or deposit style. Our claims are in geological settings capable of hosting a range of potentially world-class deposits in gold and silver, and in copper and zinc. Examples in the Golden Triangle include VMS (Granduc, Eskay Creek), shear-hosted veins (Scottie Gold Mine), epithermal (Premier, Brucejack), porphyry (KSM), intrusion-related gold (Red Mountain). Peter Epstein: Last year on the Bow property, Scottie drilled a total of 1,500m and hit 73.3 g/t Au over 4.3m, including 152.5 g/t over 1.9m in the Bend vein, and 7.4 g/t Au over 35m, including 14.3 g/t over 14.0 m in the Blueberry vein. How important is the Bow property to the overall Scottie story? Brad Rourke: The Bow property is a phenomenal addition to the overall Scottie Gold Mine project, it has exceptional grades at shallow depths and is 100% road accessible. For many junior miners, Bow would be a flagship project. But we've also got the Scottie Gold Mine and the wide open Summit Lake claims. Our 2020 drill program will start with drilling Bow's Blueberry vein. Peter Epstein: You've done a fair amount of work on the potential to toll mill tailings at the Scottie Gold Mine property. How long might it take to monetize them? When might you start processing the material? Brad Rourke: We've been studying the on-surface tailings for the past two years. We started by looking at grades anddistribution. We then moved to environmental considerations and how we might position the remediation project to the government. We see this as a win-win for Scottie Resources, the government, the environment and local communities. Assuming that discussions with the ministry go well, we think that 12–15 months is a reasonable time frame for us to begin generating cash flow. Peter Epstein: Would you consider farming out some properties to help fund exploration of your favorite opportunities? Brad Rourke: Peter, are you looking for a way into the Golden Triangle? We welcome the idea of optioning properties in order to advance them at little to no cost while we focus on the Scottie Gold Mine project. Peter Epstein: No, I'm only looking for ways to invest in the stocks of juniors in the GT that have strong management teams, good properties and projects with high-grade gold discovery potential. Do you know of any? Peter Epstein is the founder of Epstein Research. His background is in company and financial analysis. He holds an MBA degree in financial analysis from New York University's Stern School of Business. Read what other experts are saying about: Scottie Resources Corp. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Epstein Research Disclosures/Disclaimers:The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Peter Epstein of Epstein Research [ER], (together, [ER]) about Scottie Resources, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is not to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. [ER] is not responsible under any circumstances for investment actions taken by the reader. [ER] has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. [ER] is not directly employed by any company, group, organization, party or person. The shares of Scottie Resources are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed or registered financial advisors before making any investment decisions. At the time this article was posted, Scottie Resources was an advertiser on [ER] and Peter Epstein owned shares in the Company. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. While the author believes he's diligent in screening out companies that, for any reasons whatsoever, are unattractive investment opportunities, he cannot guarantee that his efforts will (or have been) successful. [ER] is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. [ER] is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. [ER] is not an expert in any company, industry sector or investment topic. Streetwise Reports Disclosure: 1) Peter Epstein's disclosures are listed above. 2) The following companies mentioned in the article are billboard sponsors of Streetwise Reports: Scottie Resources. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Scottie Resources, a company mentioned in this article. Graphics provided by the author. ( Companies Mentioned: SCOT:TSX.V, ) […]

  • Quinton Hennigh Playing 3-D Chess with Irving
    on June 30, 2020 at 8:00 am

    Source: Bob Moriarty for Streetwise Reports   06/30/2020 Bob Moriarty of 321gold discusses the latest developments in Japan with this company.In February when I was writing about Irving Resources Inc. (IRV:CSE; IRVRF:OTCBB) I put in some pictures of rocks from Irving that Quinton sent me. I polished them and had a jeweler friend make buckles out of them. I did the polishing. Maurice put up the gold. I am way too cheap to be buying gold buckles for him. I've known Quinton for over a dozen years now. He's smarter than me. Hell, he's smarter than Barb was and she was smarter than me. Because Quinton tends to dress in Goodwill basic, people underestimate him. Quinton's playing 3-D Chess when everyone else thinks it's Chinese Checkers. It's not. There is purpose in everything he does. He and Akiko Levinson have the perfect relationship. She Captains the boat and he adjusts the sails now and again. I know a lot about the background, we talk constantly. When you create a mining company or put a mine into production, you need to make sure you haven't painted a bulls-eye on your back with a sign on your head saying, "I'm stupid." Many a poor young lad has believed he has made his fame and fortune only to find out someone snatches it away for cents on the dollar while he was setting up his marbles ready to play. Quinton is always thinking about the future. He wants to help create Japan's leading gold mining company but not to see it snatched away by someone with deep pockets. So he keeps thinking about how he can balance one side off by another. He needs to be making alliances where everyone is marching in the same direction. And to a large extent the market doesn't understand the importance of Akiko being Japanese and understanding the nuances of Japanese culture. This is really simple. No Canadian company is going to come in and let the Japanese know how things are done. The Canadian company either becomes Japanese or thinks Japanese or they fail. Irving has released two press releases that if the market actually understood what they mean over the long term, the shares would be in double digits. A week ago Irving announced they are in discussion with Shimadzu Ltd about doing something with them on the Yamagano Mining License. Those mines have been held for almost four hundred years by one of the most important families in Japan, the Shimadzu Clan. It is the nearest mine to the famous Hishikari gold mine. It has never had a drill hole or any modern exploration. The Shimadzu family is not about to go into the gold exploration business. They are in other areas of Japanese business. But them agreeing to talk about terms on advancing Yamagano is nothing short of incredible. And pretty much ignored by the market. On June 26th after the market closed, Irving dropped news of another stupendous coup, that of inviting Sumitomo in as a strategic investor for $2.5 million USD. Irving doesn't need the money. And for Sumitomo it is not even chump change; chump change is a lot bigger. What it is represents a three-way deal between Sumitomo, Newmont and Irving. That's not unlike an eight-year-old prodigy being invited to the World's Cup of Chess. But even child prodigies grow up one day. I've participated in a lot of private placements in Irving. I've bought shares in the open market and they are an advertiser. Right now they are my largest position. Naturally I am biased so I encourage all potential investors to do their own due diligence. Irving Resources IRV-C $3.54 (Jun 29, 2020) IRVRF OTCBB 55 million shares Irving Resources website. Bob Moriarty President: 321gold Archives 321gold Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Irving Resources. Irving Resources is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Irving Resources, a company mentioned in this article.( Companies Mentioned: IRV:CSE; IRVRF:OTCBB, ) […]

  • Analyst: New Discoveries Could Point to Regional Scale of Gold Mineralization at Quebec Project
    on June 30, 2020 at 8:00 am

    Source: Streetwise Reports   06/30/2020 Recent drill results and project model changes, leading to an increased target price on Troilus Gold, are outlined in a Canaccord Genuity report.In an April 24 research note, analyst Tom Gallo reported that after updating its gold price forecast, Canaccord Genuity increased its target price on Troilus Gold Corp. (TLG:TSX; CHXMF:OTCQB) to CA$1.70 per share from CA$1.20. Troilus stock is now priced at CA$1.03 per share. Canaccord increased its projected gold price to US$1,716 per ounce from US$1,631. Given this environment, Gallo also reported, new discoveries at the Troilus gold project in Quebec are "shining light on better potential project economics." Canaccord's estimated net asset value of the Troilus gold project increased to CA$594 million from CA$242 million, excluding the CA$72 million in value of the non-priority underground resource there. Gallo reviewed Troilus Gold's recent new discovery in the Troilus project's Southwest zone, and noted that based on drill results from that, Canaccord added to its Troilus model 353,000 ounces at 1.1 grams per ton (1.1 g/t) gold in additional conceptual resources. In Southwest, the drill bit encountered grades above 2 g/t gold at significant widths, which "support the potential regional scale of this mineralized system," highlighted Gallo. TLG-ZSW20-189, one of several highlight holes, demonstrated high-grade intercepts at Southwest. It returned 1.56 g/t gold equivalent (Au eq) over 73 meters (37m), including 2.05 g/t Au eq over 48m; 1.23 g/t Au eq over 6m from surface; 0.98 g/t Au eq over 13m including 1.9 g/t Au eq over 3m and 2.17 g/t Au eq over 2.2m. Gallo pointed out that the strike length at Troilus, currently extending 4.5 kilometers from the J zones to the Southwest zone, is noteworthy. He wrote that it "could have positive implications for a potential future large operation, especially in a high gold price environment" despite the property's overall lower grade. Canaccord Genuity has a Speculative Buy rating on Troilus Gold. Read what other experts are saying about: Troilus Gold Corp. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Troilus Gold. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Disclosures from Canaccord Genuity, Troilus Gold Corp., Raising Target Price, April 24, 2020 Analyst Certification: Each authoring analyst of Canaccord Genuity whose name appears on the front page of this research hereby certifies that (i) the recommendations and opinions expressed in this research accurately reflect the authoring analyst’s personal, independent and objective views about any and all of the designated investments or relevant issuers discussed herein that are within such authoring analyst’s coverage universe and (ii) no part of the authoring analyst’s compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by the authoring analyst in the research, and (iii) to the best of the authoring analyst’s knowledge, she/he is not in receipt of material non-public information about the issuer. Analysts employed outside the US are not registered as research analysts with FINRA. These analysts may not be associated persons of Canaccord Genuity LLC and therefore may not be subject to the FINRA Rule 2241 and NYSE Rule 472 restrictions on communications with a subject company, public appearances and trading securities held by a research analyst account. Required Company-Specific Disclosures (as of date of this publication) Troilus Gold Corp. currently is, or in the past 12 months was, a client of Canaccord Genuity or its affiliated companies. During this period, Canaccord Genuity or its affiliated companies provided investment banking services to Troilus Gold Corp. In the past 12 months, Canaccord Genuity or its affiliated companies have received compensation for Investment Banking services from Troilus Gold Corp. In the past 12 months, Canaccord Genuity or any of its affiliated companies have been lead manager, co-lead manager or comanager of a public offering of securities of Troilus Gold Corp. or any publicly disclosed offer of securities of Troilus Gold Corp. or in any related derivatives. Canaccord Genuity or one or more of its affiliated companies intend to seek or expect to receive compensation for Investment Banking services from Troilus Gold Corp. in the next three months. An analyst has visited the material operations of Troilus Gold Corp. Partial payment was received for the related travel costs. ( Companies Mentioned: TLG:TSX; CHXMF:OTCQB, ) […]

  • Analyst: Without Drilling a Hole, Explorer's New Acquisitions Have Increased in Value
    on June 30, 2020 at 8:00 am

    Source: Peter Epstein for Streetwise Reports   06/30/2020 Peter Epstein of Epstein Research digs into recent news from Portofino Resources, which now has prospects on four gold properties in Canada and two lithium brine assets in Argentina. Note: Au = Gold, Ag = Silver, Cu = Copper, Zn = Zinc, Cu Eq. = Copper Equivalent at spot prices It has been a busy six weeks for Portofino Resources Inc. (POR:TSX.V; POT:FSE). Six press releases have been issued. I will reiterate the key takeaways. But first an update on Portofino's South of Otter (SOT) property in the Red Lake mining district of northwestern Ontario. Although SOT is a priority, all four properties will likely see exploration this year. South of Otter: ~9 kilometers (~9 km) from Great Bear's Dixie project The 5,207-hectare SOT project is 40 km southeast of Red Lake, Ontario, and about 9 km east of Great Bear Resources Ltd.'s (GBR:TSX.V; GTBDF:OTCQX) very high-grade Dixie project. In the past, SOT was the subject of large-scale geophysical surveys designed to target base metals. However, in 2001 Goldcorp completed a property-wide compilation and interpretation of prior ground and airborne magnetic data to assess the potential for gold. Due to a lack of outcropping rocks, minimal follow-up work was done. Management just completed a field program of prospecting and geological mapping along strong conductors identified in the company's winter electromagnetic (EM) ground survey. A total of 32 samples were collected to test various styles of mineralization, lithologies and alteration. The work program included prospecting, detailed structural mapping and outcrop channel sampling based on conductors found in the geophysical survey announced on May 14. A lack of detailed historical work enables Portofino to undertake meaningful programs, guided in part by the successes of neighboring exploration companies. In addition to the collection of 32 samples, significant semi-massive to massive sulfide mineralization was discovered along a newly identified, 1.6-km-long fault zone. This zone is located ~500 meters (~500m) south of previously identified gold soil sample anomalies and EM conductors. A total of 12 samples were collected along this (deformation) zone to test for the presence of Au, Ag, Cu and Zn. Notice in the image below that drill holes (DH)/historical resources include: DH: 1.5% Cu + 6.3% Zn (3.7% Cu Eq.) over 3.4 m; 110,000 tonnes @ 0.5% Cu + 12.5% Zn (4.9% Cu Eq.); DH: 1.4% Cu + 7.3% Zn (4.0% Cu Eq.) over 9.5 m; 100,000 tonnes @ 1.0% Cu + 10% Zn (4.5% Cu Eq.). Further prospecting and geological mapping on the margins of this fault zone identified alteration in the volcanic wall rock. Many gold deposits in Ontario are either directly hosted in this type of mineralization or exist in close relationship to it and a fault zone. Other projects containing this signature, along similar deformation zones, include GBR's Dixie and the Uchi Lake gold mine. Once additional permits are received, Portofino will proceed to trenching / drilling. Three new gold properties secured in past month These are exciting times for Portofino. Management had an opportunity to pick up additional low-cost properties with gold showings, so they did. All three properties are located in historical and current mining districts with ample infrastructure and easy access. In addition to Red Lake, management expects activity in the Atikokan area to heat up this summer. A number of companies are increasing their exploration there. Portofino began negotiating and planning to lock up gold properties in Ontario when gold was around US$1,400/ounce (oz). Today (June 24), August gold futures are at US$1,786/oz, a gain of ~28%. Therefore, without a single new drill hole on any of its four controlled properties, I argue that the value of the company's assets has meaningfully increased. On June 11, Portofino announced the execution of a binding agreement to acquire six claims (869 hectares) in the Atikokan district, also in northwestern Ontario. The Melema West property is located 28 km northeast of Atikokan, and 5 km north of the Quetico Fault. Agnico Eagle Mines Ltd.'s (AEM:TSX; AEM:NYSE) Hammond Reef gold deposit is ~19 km northwest of Melema West. Hammond Reef hosts a large, near-surface Measured and Indicated resource of 4.5 million ounces of gold. Grab samples taken in 2019 assayed as high as 10 g/t gold. The Young-Corrigan vein system ranges in width from 1 to 15m and was mapped over a strike length of at least 170m. Positive gold values demonstrate that an additional undocumented gold-bearing structure potentially exists on the Melema West property. CEO David Tafel of Portofino commented on the Melema West property: "The gold-bearing structures in this area are extensive, well documented and traceable for >30 km. Recent land acquisitions by Agnico Eagle, contiguous to Melema West, supports the idea that Portofino is strategically well placed. The undocumented and unexplored Young-Corrigan Shear Zone is a compelling exploration target." On May 27, Portofino executed a binding agreement to acquire three claims totaling 1,147 hectares. The Sapawe West property is 9 km northeast of Atikokan, just north of the Quetico Fault, and 2.5 km west along strike of the past-producing Sapawe Gold mine. Portofino has initiated the compilation and reinterpretation of all available historic data on the property and is proceeding to develop exploration targets for a summer field program. Hammond Reef, located ~13 km north of the Sapawe West property, is in a structurally active portion of the Steep Rock Greenstone Belt. Similar to the structure associated with Hammond Reef, Sapawe West hosts a possible northeast trending splay from the Quetico Fault. CEO Tafel commented on the Sapawe West property: "We are excited to acquire this strategically located property. The nearby past-producing Sapawe Gold mine, the visual results from Falcon Gold's drill program along the same geological corridor, and the lack of drilling on the property, makes for a compelling exploration target. We look forward to commencing initial field work." This news came just a week after executing a binding option agreement for the right to acquire a 100% interest in the Gold Creek property. The block comprises three mining claims, is easily accessible by road, and covers ~1,010 hectares. Historical activity at Gold Creek included: · From 1967 to 1973, prospecting, mechanical stripping/trenching and rock sampling of quartz vein occurrences in the district. · In 1983, geological mapping, magnetic and VLF-EM surveys further assessed the area. · In 1985, and from 1987 to 1989, Noranda Exploration conducted extensive work, [exploring] the area with an airborne magnetic and electromagnetic survey, ground magnetic and electromagnetic surveys, selective radiometric and gravity surveys, geochemical sampling, geological mapping/overburden stripping, and rock sampling. Inco Gold conducted an exploration program in 1989–90, which consisted of grid line cutting, magnetic, VLF-EM and geological mapping surveys, trenching, rock sampling and two diamond drill holes. Two grab samples assayed 13.2 g/t and 64.2 g/t gold. Significant gold mineralization has been traced along a 1.5 km strike length, with grab samples returning values up to 759 g/t = 24.4 ounces/tonne (from an OGS property visit), and diamond drill intersections in 2008 of up to 2.3 g/t over 8.3m. CEO Tafel commented on the Gold Creek property: "This transaction allows us to continue to build our gold portfolio within the easily accessible, active and historic gold mining area of northwestern Ontario. Multiple visible gold occurrences reported by previous operators is very encouraging, and gives our technical crew a head start in planning initial exploration activities." Gold Creek is characterized by geology similar to that documented in the Kirkland Lake area, where numerous gold showings occur in a broad range of lithologies. Visible gold sometimes occurs within the mineralized veins. Management has initiated the compilation and re-interpretation of all available historic geochemical and geophysical data at Gold Creek to develop exploration targets for summer field work. Conclusion Portofino is up +225% from its three-year low, but its market cap is only CA$3.2M. In addition to the four properties described above, the company has two lithium brine assets in Argentina that could be worth millions of dollars (Canadian) once energy metals regain popularity. If management could farm out one or more gold/lithium properties, it could reduce already low cash burn to virtually zero. Shareholders would have a free option on the remaining controlled properties. In looking at peer Red Lake properties (and companies with nearby Atikokan area properties), the average gain from three-year lows is +1,640%. Even excluding GBR's staggering performance, the average gain is 2.5 times that of Portofino's. Perhaps not Great Bear, but others listed on the above chart could be interested in acquiring companies like Portofino to gain additional regional gold exposure. Another thing to watch for is a potential takeout of Great Bear or Pure Gold Mining Inc. (PGM:TSX.V; PUR:LSE). That event would generate even more excitement in the region, shining a light on the dozen or fewer remaining juniors that have all, or substantially all, of their precious metals properties in northwestern Ontario. In British Columbia's Golden Triangle, there are three times as many names to choose from. Portofino Resources offers a compelling risk-reward proposition. Peter Epstein is the founder of Epstein Research. His background is in company and financial analysis. He holds an MBA degree in financial analysis from New York University's Stern School of Business. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Epstein Research Disclosures/Disclaimers: The content of this article is for information only. Readers fully understand and agree that nothing contained herein, written by Peter Epstein of Epstein Research [ER], (together, [ER]) about Portofino Resources, including but not limited to, commentary, opinions, views, assumptions, reported facts, calculations, etc. is not to be considered implicit or explicit investment advice. Nothing contained herein is a recommendation or solicitation to buy or sell any security. [ER] is not responsible under any circumstances for investment actions taken by the reader. [ER] has never been, and is not currently, a registered or licensed financial advisor or broker/dealer, investment advisor, stockbroker, trader, money manager, compliance or legal officer, and does not perform market making activities. [ER] is not directly employed by any company, group, organization, party or person. The shares of Portofino Resources are highly speculative, not suitable for all investors. Readers understand and agree that investments in small cap stocks can result in a 100% loss of invested funds. It is assumed and agreed upon by readers that they will consult with their own licensed or registered financial advisors before making any investment decisions. At the time this article was posted, Portofino Resources was an advertiser on [ER] and Peter Epstein owned shares and warrants in the company. Readers understand and agree that they must conduct their own due diligence above and beyond reading this article. While the author believes he's diligent in screening out companies that, for any reasons whatsoever, are unattractive investment opportunities, he cannot guarantee that his efforts will (or have been) successful. [ER] is not responsible for any perceived, or actual, errors including, but not limited to, commentary, opinions, views, assumptions, reported facts & financial calculations, or for the completeness of this article or future content. [ER] is not expected or required to subsequently follow or cover events & news, or write about any particular company or topic. [ER] is not an expert in any company, industry sector or investment topic. Streetwise Reports Disclosure: 1) Peter Epstein's disclosures are listed above. 2) The following companies mentioned in the article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Graphics provided by the author. ( Companies Mentioned: POR:TSX.V; POT:FSE, ) […]

  • Technical Analyst: Gold Bull Market Well Established in Many Currencies
    on June 29, 2020 at 8:00 am

    Source: Clive Maund for Streetwise Reports   06/29/2020 Technical analyst Clive Maund discusses the price of gold in various currencies and what he believes is ahead for gold, the U.S. dollar and the stock markets.We will start this update by looking at gold's price measured against various important currencies. These long-term charts quickly make clear that gold is in a major bull market, which is another way of saying that these currencies are losing purchasing power. Gold in Australian dollars… Gold in Canadian dollars… Gold in Japanese Yen… Gold in Swiss Francs… So we should clearly not allow ourselves to be fooled by gold not breaking out to new high against the U.S. dollar, especially given the Fed's recent extreme profligacy involving the creation of trillions of dollars for the purpose of backstopping the credit markets, bailing out favored crony corporations, and paying countless millions of newly unemployed people to sit at home twiddling their thumbs, none of which can be classified as productive use of the money. All this extra money means that eventually there will be a lot more money chasing the same, or rather a reduced supply of goods and services, now that the economy is a lot less productive thanks to lockdowns and closures, etc. The only reason that the Fed has been able to get away with it so far without rampant inflation is because the economy is dead, so there is no money velocity, but this money will find its way out eventually and when it does we will be looking at robust inflation trending towards hyperinflation. Needless to say this will lead to gold appreciating dramatically against the dollar, as the dollar's purchasing power shrinks. Bearing all the above in mind it is thus interesting to observe that even though gold has not (yet) broken out to new highs against the U.S. dollar, it has also done well in this currency over the past two years and is getting close to doing so. Therefore it is not too difficult to deduce that with the creation of new dollars ramping up exponentially, it is only a matter of time, and not too much at that, before gold does go on to make new highs against the dollar, a development that will usher in a period of accelerated advance. Gold in U.S. dollars… This is a good point to add Larry's latest gold chart showing the gigantic Cup pattern, which points to an explosive move up soon, even if we see a brief break lower before it. As Larry himself points out: "A Cup & Handle formation will need to carve out a Handle to be complete," however, the way things are deteriorating it is hard to imagine gold hanging around for more than a short time marking out a Handle to complement this Cup. If you want to send feedback to Larry about this, his email address is on the chart. The Great Gold Cup… To those who say "old will never go up much because 'they' will not allow it to, because it reveals their fiat money scam to be increasingly defunct, and they will suppress it with paper shorting on the Comex, etc." I say this: the fiat money system is already breaking down as we head into the end game of a hyperinflationary firestorm that will render most currencies worthless. Astute investors who understand the power of gold and its intrinsic value know this, and are not fooled by games on the paper markets. If they continue to try to suppress the price of gold on the paper markets, all that will happen is that the already large premiums for physical metal will grow wider to the point where it becomes untenable, with the paper markets increasingly perceived as a manifest absurdity that will be bypassed by investors who will go straight to physical which will skyrocket in price before becoming unobtainable, and the same will happen with silver. This process has already started. Even though we have observed that gold is in a major bull market that is set to accelerate dramatically as we trend towards hyperinflation, does this mean that it is immune to potentially sharp corrections? No, it doesn't. As we know, the stock market has lost all touch with economic reality. The economy is flat on its back and comatose, yet the stock market has been going higher and higher until the NASDAQ actually made new highs a week or so ago. The reason for this is the Fed creating trillions out of thin air to throw at pumping it up. Therefore, anytime the Fed fails to pony up with the additional liquidity that the market thinks is its due, it is going to throw a nasty tantrum, like it did in March, and we should all be aware that the Fed may actually do this by design, so that it can smack the market down and then move in and scoop up more assets on the cheap. The charts show that we are right now at a time where that could happen and if it does the precious metals sector is likely to get taken down with it, as happened in March, in accordance with the old "baby and the bathwater" adage. Should this happen it will be viewed as presenting an outstanding opportunity to move in acquire more precious metal sector assets, because the Fed is likely to come riding to the rescue once more with a torrent of liquidity. There are many who think that the Fed's taking full advantage of the dollar's reserve currency status to create countless trillions of new dollars will nevertheless cause it to lose value in a big way against other currencies, but a mitigating factor is that the Fed is not only flooding the U.S. with extra dollars, it is flooding the whole world, by pumping them into countless other central banks around the world which it controls in an act of economic colonialism. So pretty much all currencies are set to drop in lockstep. The main point is that the stagflationary depression that the world has now entered will impel governments everywhere to create exponentially more and more money in an effort to maintain liquidity and keep a lid on interest rates. This is why gold MUST rise in price to reflect the loss in value of fiat, and it will go further than that as investors will eventually flock to gold as the last safest place to put money where it will retain its value (stock markets may be rising nominally but losing value in real terms). Gold, the stock market and the dollar are all at a critical juncture where they could break in either direction. What this usually means is that the markets are waiting on some fundamental development like, for example, whether the Fed is going to divvy up another trillion or two to throw at driving the stock market still higher, and maybe at the same time throw a bone to the 40+ million unemployed in the form of say $100 billion extra for checks to spend on flat screen TVs. On gold's 2-year chart we can see that it has been struggling to make further progress within its uptrend over the past several months, and although in position to break higher, is vulnerable to a smackdown if the stock market should suddenly plunge. From a trading standpoint what would be ideal here would a short-term selloff that provides a buying opportunity ahead of the seasonally strong period in and August and September. If the stock market takes a hit it could do what it did in March. The 6-month chart looks positive, with the price well placed to break higher after a trading range from mid-April that has allowed time for its earlier oversold condition to unwind. Moving averages and the MACD are supportive of an advance from here. As mentioned above though, a stock market selloff could abort this scenario with a rude reversal and steep drop. Turning now to the dollar, we see on the 3-year dollar index chart that it has made no net progress for almost two years, having been stuck within a shallow uptrend trading range. The spike in March was due to the specter of a deflationary implosion which was banished by the Fed boldly riding to the rescue with trillions of crisp new dollars. The recent drop caused by the Fed's manic money creation, found support in the 95 area. Like the stock market and gold, the dollar is evidently waiting on some development that could result in it breaking either way, depending on what happens. This is why the fairly tight range of the past two weeks or so shown on the 6-month chart could be either a bear Flag or some kind of intermediate base pattern. The conclusion to all this is that gold is in a powerful bull market which is expected to accelerate. Near term, while it looks set to take off higher and should do if the stock market holds up, it is vulnerable to a potentially sharp correction if it doesn't which would be viewed as a buying opportunity for the sector. Finally, I want to take this opportunity to recommend that you do whatever you can you make sure that you have at least some physical gold and silver in your possession. Very bad times are headed our way and most Americans have no idea what's coming down the pike. If you have to pay a premium then pay it, because the premiums are only going to get bigger with passing time, and eventually physical metal will be very hard to come by. I particularly like silver for two reasons—one is that it is still very undervalued relative to gold, and the other is that you are less likely to be hit over the head or shot when you try to trade it for goods. Silver coins of varied denomination are viewed as ideal. Gold buried in vaults thousands of miles away may sound like a great idea, but when things get really bad, you may not be able to get to it, or it to you. If you have sufficient resources it's still a good idea, but you still want a quantity of physical in your possession that you can trade, and of course the means and willingness to defend your stash from marauders. Here is an important and timely video by Jeremiah Babe entitled "US ECONOMY WALKING DEAD." Although directed at Americans it is considered important viewing wherever you are, because when America goes down, the shockwaves will reverberate around the world. Originally published on CliveMaund.com on June 28, 2020. Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Statements and opinions expressed are the opinions of Clive Maund and not of Streetwise Reports or its officers. Clive Maund is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation. Clive Maund was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. 2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Charts provided by the author. CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. […]

  • The San Francisco Gold Mine of Magna Rises Again
    on June 29, 2020 at 8:00 am

    Source: Bob Moriarty for Streetwise Reports   06/29/2020 Bob Moriarty of 321gold discusses why he believes this new company can succeed with this gold mine while its predecessor could not.Yesterday I promised I would be boring so here it is. We are in a depression. The Fed is doing the opposite of the right thing. They are destroying the currency. Their stupidity will take down the stock market as well as the bond market and leave most of the 99% broken. We will see the banks close. We will have hyperinflation. You can still protect yourself and it's not by buying Hertz shares on RobbingTheHood. I promised I would be writing about low cost high potential resource stocks. Magna Gold Corp. (MGR:TSX.V; MGLQF:OTCQB) is a newly formed company headed by Arturo Bonillas. He has done a deal with Alio, the new company name for what was Timmins Gold, former operator of the San Francisco Gold Mine in Sonora, Mexico. Timmins put the mine back into production but got a little carried away with drilling and trying to advance the mine. They managed to spend all the profit on exploration. Arturo Bonillas managed the mine and can solve the real issues created by prior management. Under the agreement for Magna to take over the mine, Timmins will receive about 18% of the stock. In addition there were legal issues with former contractors who weren't paid. Those issues have been sorted. The mine has and can make money. Magna has about $10 million in cash with an M&I 43-101 of 1.484 million ounces of gold. The company is leaching now and expects to be stacking ore in a little over a month. In a recent press release the company announced production of 2,350 ounces of gold in May at a cash cost of $1,121 an ounce USD. The San Francisco Mine could have been profitable for Timmins except for some poor operational decisions. The mine is now in the hands of someone who knows it better than anyone. Arturo Bonillas knows both the problems and how to solve them. Magna plans on restarting the San Francisco mine and getting to stable low cost production. First year production should be about 70,000 ounces moving to 100,000 ounces in a year. Management has plans for expansion and picking up new projects with an objective of annual production of 200,000 ounces gold with a 5 million ounce resource by 2023. It can be done and they will have a far higher market cap when they achieve that. I have bought shares in the open market. Magna is an advertiser and naturally that makes me biased. Do your own due diligence. Magna Gold MGR-V $1.16 (Jun 29, 2020) MGLQF-OTCQB 84.5 million shares Magna Gold website. Bob Moriarty President: 321gold Archives 321gold Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Magna Gold. Magna Gold is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. ( Companies Mentioned: MGR:TSX.V; MGLQF:OTCQB, ) […]

  • The Great White North of Debt: What Canada's Monetary Policies Mean
    on June 29, 2020 at 8:00 am

    Source: Michael Ballanger for Streetwise Reports   06/29/2020 Sector expert Michael Ballanger breaks down the Canadian government's monetary policies, and offers an anecdote drawing correlations between positioning in gold now and positioning in gold in the 1970s, before the commodity's "parabolic" ascent.As I sit here on a Thursday evening, contemplating the logic behind my most recent additions to a highly tentative short position on the SPY:US (the exchange-traded fund [ETF] tracking the S&P 500), I am doing everything in my power to not take my quote machine and project it into the watery abyss of lovely Lake Scugog. If there were a number of politicians or central bankers lined up on the shoreline, I would not hesitate to fire off a volley of quote machines, cellular phones, portable chargers, paperweights, ash trays and medicine balls all in a concerted effort to decapitate the singular most useless collection of heads ever assembled on any shoreline, notwithstanding the fact that the bodies would only float on a one-inch layer of water, while the weeds, algae and flotsam exist in the four feet to the lake bottom (not that anyone can see it after June 10). The venerable Justin Trudeau, son of Pierre, the current prime minister of Canada and the son of the most treasonous politician in Canada's history, has now officially assumed the role as the most incompetent human being ever to have been elected to public office in any jurisdiction north of the 49th Parallel. Not only is he the most incompetent, he is arguably the most malleable elected official in the history of post-Magna Carta politics, kowtowing to every liberal cause that surfaces while carefully turning a blind eye to corporate malfeasance in order to protect donations. Under the stewardship of Monsieur Trudeau, Canada has finally forfeited its AAA rating by the bond market handicappers. Layer upon layer of government debt has been added to the already burgeoning household debt figures, and thanks to the Canadian banking industry's shameless practice of laundering illicit Asian money in order to pump up the real estate bubble, young citizens are taking on massive mortgage exposure just to get a roof over their heads close to the workplace. Canada is now rated alongside Portugal, Italy and Greece in terms of credit "worthiness." This is not because it is without natural resources or a sophisticated, educated labor force; the country is rated like a banana republic for two reasons. The first is the sub-par quality of its leadership and the second is its educators, the incredibly powerful Canadian Teachers Federation, is actively promoting the idea that liberal is "good," conservative is "bad," and that "Modern Monetary Theory" can be implemented to remove all financial responsibility as an obligation of success. Job losses due to shrinking global trade are replaced with government paychecks because, after all, it was not the fault of the worker loading pallets onto trucks that the employer could not afford to use him anymore. Justin and his band of spendthrifts throw money at the unemployed pallet loader and then backstop the employer's junk bond issue with yet another bailout, thus covering both ends of the voting spectrum with money printed in a manner most popular with Federal Reserve Chairman Jerome Powell—digitally. The percentage of household debt to disposable income is today approaching 180%, and that is a meaningless number to most until one sees that at the peak of the U.S. housing bubble in 2007, that number peaked at 140%. The U.S. is certainly no ideal model of sound money practices either, at the household or the federal level, but one can see that the trend in the U.S. is down while Canada (at least as of two years ago) was accelerating. With the insanity of the liberal government reaction to the pandemic and economic collapse, the Canadian numbers are certainly no better today. The Canadian currency has been on a roller coaster ride since the lows of 2009, and has been almost perfectly correlated to oil prices. But for Canadians, the significance of the CAD/USD relationship lies in how gold has responded since 2009, in light of the fact that neither the Bank of Canada nor the Canadian treasury owns as much as a single ounce of gold. At the lows of Q1/2009, had the average Canadian sold all bonds and stocks and simply bought gold, he/she would be ahead 171.06% in that time frame. In the same period, the TSX is up a hair below 7%. The S&P 500 is up 133.27% in U.S. dollar terms, but a striking 215% when the currency gain is calculated. Nevertheless, the point I make is that for a country that has just seen its credit rating slashed and whose household finances are, on a per capita basis, simply dreadful, its citizens have an urgency to place a significant portion of their investible net worth into gold. Currencies of countries that get downgraded tend to experience sustained and significant drawdowns in purchasing power, so Canadians that are ten to twenty years from retirement should not be relying on traditional sources of capital (like one's residence) to make up the shortfall. Foreign investors need not worry about Canadian markets as long as they stick to precious metals producers and developers, because any domestic currency risk will be offset by the domestic hedge that Canadian gold producer/developers hold through ounces in the ground. In fact, valuations could be accentuated because of rising cash-flows and increased dividend payouts. As we approach the end of June and move into the seasonally strong period of August-to-May for precious metals, I deem it important to relate a story from the 1970s, when I was a trainee for a big Canadian brokerage firm (McLeod Young Weir Ltd.). There was an Irishman named "Jimmy" who, in the early '70s, before gold exploded, was one of the "marginal" producers in the Toronto branch. He came in every morning with a brown paper bag full of sandwiches and a cookie and quietly went about his business of calling his clients and discussing his strategy for the next five years. Not too many people paid any attention to Jimmy because he had little to say about stocks and nothing to say about bonds; he never bought any of McLeod's underwritings and he never read any McLeod research. Many around me wondered why he was still employed but somewhere around 1977 (shortly after I entered the training program), I got to know him because he would give me these European reports on a group of companies called the "South African golds," and they absolutely fascinated me. Why, I thought, was this man accumulating all these 10-cent and six-cent and 15-cent South African gold miners? Was South Africa not a risky place to do business? Was apartheid not attracting the scorn of the world with increasing frequency? One afternoon in 1978, I saw the brokerage rankings for the firm, and Jimmy had inexplicably vaulted from back-of-the-pack to the Top Five in the entire firm. I raced over to congratulate him and asked him how he did it. The story he told me changed my life for many years. He began to doubt the U.S. dollar's role as the world's reserve currency after listening to a 1969 European speech by former French President Charles De Gaulle, in which he told a group of French business leaders that France would no longer accept American dollars as payment for bonds that were maturing. Instead, they would choose to receive gold, because back then the U.S. dollar was exchangeable for gold at a predefined ratio. As this trend accelerated due to Vietnam War costs and other profligate spending by the U.S., it became apparent to President Nixon that if it continued, Fort Knox would be stripped of its gold. Shortly thereafter, the gold exchange "window" was closed, and the Bretton Woods agreement was shelved, thus allowing the gold price to freely float as opposed to the U.S.-imposed "peg" at US$35 per ounce. Jimmy saw this and started to put all clients into a group of South African gold miners ("ADRs"), but his top pick was a stock called "Vaal Reefs," which he was buying at around US$1.00 per share. He explained to me that it had a dividend at $0.20 per annum, so while other brokers were buying the Canadian banks at 5% yields and long Canadas at 8% yields, Irish Jimmy was buying this obscure gold miner at a 20% yield, with gold then at US$200 per ounce. By 1979, gold had moved from US$200 to $500, but what turned out to be "the wonder of commodity price leverage" was that Vaal Reefs management, in keeping with their dividend payout policy, had been steadily increasing that dividend. By the time gold started its parabolic ascent to US$857 in 1980, that $0.20 dividend had grown to $1.00, which was the original price Jimmy had paid for his shares! Needless to say, by 1980, Vaal Reefs had something like a $2 dividend and traded north of US$30. Jimmy had started his career in the investment business in 1968 with a $5 million book of clients, but by 1980, his wizardry during the Great Inflation of the Seventies, focusing on the leverage of rising dividends during a commodity boom, grew his book to over $300 million. After that, he sold all positions in the South Africans, sent his clients all of their money, and promptly retired. That is precisely what I envision in the coming months and years, as a direct result not of "profligate wartime spending," as in 1968, but of the total disrespect by central banks the world over for the sanctity of currency purchasing power. I urge all of you to remember the story of Irish Jimmy, who placed faith and trust in gold as a bastion of financial prudence and was rewarded by clients and the fates for his efforts. We are in the early stages of a Seventies-style enrichment event, and the vehicle of delivery is gold. I see another month of sideways action, and then all hell is going to break loose. You want to be positioned. Originally published June 26, 2020. Follow Michael Ballanger on Twitter @MiningJunkie. Originally trained during the inflationary 1970s, Michael Ballanger is a graduate of Saint Louis University where he earned a Bachelor of Science in finance and a Bachelor of Art in marketing before completing post-graduate work at the Wharton School of Finance. With more than 30 years of experience as a junior mining and exploration specialist, as well as a solid background in corporate finance, Ballanger's adherence to the concept of "Hard Assets" allows him to focus the practice on selecting opportunities in the global resource sector with emphasis on the precious metals exploration and development sector. Ballanger takes great pleasure in visiting mineral properties around the globe in the never-ending hunt for early-stage opportunities. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Statements and opinions expressed are the opinions of Michael Ballanger and not of Streetwise Reports or its officers. Michael Ballanger is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation. Michael Ballanger was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. 2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Michael Ballanger Disclaimer: This letter makes no guarantee or warranty on the accuracy or completeness of the data provided. Nothing contained herein is intended or shall be deemed to be investment advice, implied or otherwise. This letter represents my views and replicates trades that I am making but nothing more than that. Always consult your registered advisor to assist you with your investments. I accept no liability for any loss arising from the use of the data contained on this letter. Options and junior mining stocks contain a high level of risk that may result in the loss of part or all invested capital and therefore are suitable for experienced and professional investors and traders only. One should be familiar with the risks involved in junior mining and options trading and we recommend consulting a financial adviser if you feel you do not understand the risks involved. […]

  • Silver Market Is at a Critical Juncture
    on June 29, 2020 at 8:00 am

    Source: Clive Maund for Streetwise Reports   06/29/2020 Technical analyst Clive Maund charts his expectations for how silver prices will respond to movement in the stock market.Much of what is written in the parallel Gold Market update is equally applicable to silver and it will not be repeated here. Although silver has picked up significantly since its March low it has greatly underperformed gold over the past two years. But this is normal during the earliest stages of a major sector bull market, when gold is favored over silver. On its 20-year chart we can see that silver remains stuck within a giant base pattern that started to form as far back as 2013. This chart makes clear that once gold breaks out to new highs against the dollar, then silver should break out of this base to enter a dynamic advancing phase. The 5-year chart reveals that silver is battling a lot of resistance in this zone, so if gold should back off soon for whatever reason, like the stock market dropping hard, then it will likely drop back for a while too. Here we should note that if the stock market does go into another down wave soon, then the Fed can be expected to print up another couple of trillion [dollars] to drive it back up again, which will be hyperinflationary and very bullish for gold and silver. Keep in mind that if the Fed (or its proxies) wade in here, buying stocks, they can head off any decline and get it moving higher again. The 2-year chart for silver, with the S&P500 index shown at the top, is useful as it makes clear that there is a crude but important correlation between silver and the stock market, which can be expressed bluntly as "when the stock market tanks, it takes silver with it." The message from this chart is thus clear—if the stock market continues to advance, courtesy of continued Fed pumping, then there is a good chance that silver will break out of its base pattern. But if the Fed "falls down on the job" and the stock market tanks again, so will silver. Big Money doesn't care about either the economy or the unemployed—all it cares about is the stock market and how much it can make off of deals, etc. On this chart we see that although silver's overbought condition has neutralized in recent weeks, putting it theoretically in position to break out of its giant base, there is a lot of resistance above the current price that we can expect to turn it down if the stock market weakens. Finally, on the 6-month chart we can see that silver is at a critical juncture here, with the 50-day moving average pulling up close to the price and the 200-day, and a small, potential head-and-shoulders top completing, so we can expect a bigger move soon. Originally published on CliveMaund.com on June 28, 2020. Clive Maund has been president of www.clivemaund.com, a successful resource sector website, since its inception in 2003. He has 30 years' experience in technical analysis and has worked for banks, commodity brokers and stockbrokers in the City of London. He holds a Diploma in Technical Analysis from the UK Society of Technical Analysts. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Statements and opinions expressed are the opinions of Clive Maund and not of Streetwise Reports or its officers. Clive Maund is wholly responsible for the validity of the statements. Streetwise Reports was not involved in any aspect of the article preparation. Clive Maund was not paid by Streetwise Reports LLC for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. 2) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 3) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Charts provided by the author. CliveMaund.com Disclosure: The above represents the opinion and analysis of Mr. Maund, based on data available to him, at the time of writing. Mr. Maund's opinions are his own, and are not a recommendation or an offer to buy or sell securities. Mr. Maund is an independent analyst who receives no compensation of any kind from any groups, individuals or corporations mentioned in his reports. As trading and investing in any financial markets may involve serious risk of loss, Mr. Maund recommends that you consult with a qualified investment advisor, one licensed by appropriate regulatory agencies in your legal jurisdiction and do your own due diligence and research when making any kind of a transaction with financial ramifications. Although a qualified and experienced stock market analyst, Clive Maund is not a Registered Securities Advisor. Therefore Mr. Maund's opinions on the market and stocks can only be construed as a solicitation to buy and sell securities when they are subject to the prior approval and endorsement of a Registered Securities Advisor operating in accordance with the appropriate regulations in your area of jurisdiction. […]

  • Mining Junior 'Well Positioned Among Exploration Peers'
    on June 29, 2020 at 8:00 am

    Source: Streetwise Reports   06/29/2020 Recent results from Troilus Gold's drilling of its Southwest zone are discussed in a Haywood report.In a May 14 research note, Haywood analyst Pierre Vaillancourt wrote that at Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) Troilus project in Quebec, the Southwest zone shows mining potential. This is the case in part, he indicated, because recent drill results showed the Main zone of Southwest to have geological characteristics that are similar to that of the historical Z87 zone, "with strong alteration and discrete high-grade intervals." (Southwest's West zone is similar to the J4 and J5 zones.) The results were from six holes of a larger program drilled at Southwest, which sits 3.5 kilometers from Z87. Vaillancourt further described the findings. They showed that grades are distributed primarily in bimodal fashion, which is a pattern seen in other Southwest hole results. Narrower intervals of high grades of 1–46 grams per ton (1–46 g/t) are in or proximal to broader areas with lower grades of 0.5–0.9 g/t. Some of the new highlight intercepts include 13.3 g/t gold over 1 meter (1m) within a broader intercept of 1.1 g/t gold over 21m; 15.1 g/t gold over 1.1m; 1 g/t gold over 5m; and 1.3 g/t gold over 5m. "The intersections were at open-pittable depths, most with intercepts within 250m of surface," Vaillancourt reported. The analyst highlighted that the Southwest zone has a potential roughly estimated resource of 450,000 ounces at a grade of 0.85 g/t gold, but qualified that it is difficult to determine a grade at this early stage. This calculation is based on the existing resource, Z87 with an Indicated resource of 1.6 million ounces (1.6 Moz) grading 0.78 g/t gold and the J4 and J5 zones with an Indicated resource of 1.42 Moz grading 0.57 g/t gold. "We look for Troilus Gold to develop the Southwest zone into an open-pittable target that could complement the existing resource or possibly become a start pit," commented Vaillancourt. Along those lines, the Toronto-based explorer is expected to release a resource estimate shortly and, potentially, complete a preliminary economic assessment on a larger resource thereafter. Overall, Vaillancourt noted that "Troilus is well positioned among exploration peers with a strong balance sheet, a growing resource and pending economics studies." Accordingly, Haywood has a Buy on the company. The firm's target price on Troilus Gold is CA$2 per share, which compares to the current stock price of about CA$0.99 per share. Read what other experts are saying about: Troilus Gold Corp. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Troilus Gold. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Disclosures from Haywood Securities, Troilus Gold Corp, May 14, 2020 Haywood Securities, or certain of its affiliated companies, may from time to time receive a portion of commissions or other fees derived from the trading or financings conducted by other affiliated companies in the covered security. Haywood analysts are salaried employees who may receive a performance bonus that may be derived, in part, from corporate finance income. Haywood Securities, Inc., and Haywood Securities (USA) Inc. do have officers in common however, none of those common officers affect or control the ratings given a specific issuer or which issuer will be the subject of Research coverage. In addition, the firm does maintain and enforce written policies and procedures reasonably designed to prevent influence on the activities of affiliated analysts. Analyst Certification: I, Pierre Vaillancourt, hereby certify that the views expressed in this report (which includes the rating assigned to the issuer’s shares as well as the analytical substance and tone of the report) accurately reflect my/our personal views about the subject securities and the issuer. No part of my/our compensation was, is, or will be directly or indirectly related to the specific recommendations. Important Disclosures Of the companies included in the report, the following Important Disclosures: ▪The Analyst(s) preparing this report (or a member of the Analysts' households) have a financial interest in this company. ▪ Haywood Securities, Inc. has reviewed lead projects of this company and a portion of the expenses for this travel have been reimbursed by the issuer. ( Companies Mentioned: TLG:TSX; CHXMF:OTCQB, ) […]

  • Eloro Hits the Silver Hurdles Running
    on June 28, 2020 at 8:00 am

    Source: Bob Moriarty for Streetwise Reports   06/28/2020 Bob Moriarty of 321gold explains why he is investing in this company with a project in Bolivia.I expect to get very boring over the next few months. While I have been warning for years of a massive financial collapse coming to the world few people actually get it. We are in a depression. There is $250 trillion worth of debt in the world that will never be paid. It is going to grow far worse than it is today. What the Fed and Central Banks around the world have done is feeding fuel to the fire. The banking system is going to collapse through a series of cascading defaults making their way through the system. The multi-month lockdown has done more psychological damage to the inmates than the damage from the virus. Some 40 million Americans who have lost their jobs combined with the lockdown has brought riots and civil disorder to hundreds of cities in the US. When you add to those two factors the issue of simple envy, you have the ingredients for massive civil disorder. Most people would casually ignore envy as a factor in revolution and riots but that may be a mistake. In a famous and oft-duplicated experiment scientists showed how envy caused even monkeys to literally "go off." I'm not a fan of 45-minute videos and it confuses me as to why those sending them out believe that everyone has hours a day to watch long videos. But in this short and sweet two-minute clip, you will see exactly why Americans are angry at the giant divide between the 1% with their ever growing wealth and the 99% who haven't had a real increase in wages in 40 years. We have civil disorder. We have no real leadership from the fools running either political party and things are going to get a whole lot worse. The 30-somethings have opened hundreds of thousands of brokerage accounts and are pouring money into such brilliant day trading investments as Hertz as it goes into bankruptcy under the theory that the Fed will bail out even the most poorly run companies in the US. That's probably going to turn into a very bad bet. When I was young we believed that Robin Hood stole from the rich and gave to the poor. Today Robinhood steals from the poor and gives to the rich. No doubt that will end badly. One day soon the mob of feckless young idiots with more dollars than cents will discover the wonderful world of junior mining stocks. When that shift takes place we shall see a boom as the world has never seen before. Some of the dumbest investments in mining stocks will go up fifty-fold. So I am going to write about a lot of juniors who are beginning to realize it's time for them to start beating the drums and telling their incredible stories. Many years ago I went to Bolivia and looked at a couple of silver projects in the Potosi Silver District. I have not been to the Iska Iska mine of newly formed Eloro Resources Ltd. (ELO:TSX.V; ELRRF-OTCBB) but I've been within spitting distance. I know the area. Eloro President Tom Larsen is smart enough to associate with some of the top people in mining; Bill Pearson formerly of the Jacobina Mine in Brazil found their Bolivian project for them. Iska Iska is in the heart of the Potosi Silver District that produced over 60% of the silver during the 17th century. Eloro has an option of the project that required them to provide 250,000 shares to the vendor and another 250,000 shares over time. The financial payment for 100% of the project is $10 million CAD within four years. The company has taken underground channel samples that are simply absurd, measuring Silver 35.5 - 694 g/t, Gold 0.31 - 28.6 g/t Au, Zinc 1.05 - 16.95% Zn and Lead 0.41 - 16.95% Pb. If you took the worst of each of those samples for each element it would be $67 a ton rock. In Bolivia that is economic. Just last week the company announced they were in preparation for a 2,500 meter underground drill program as soon as the country lifts the virus restrictions. On the very positive side, Doctor Bill Pearson is their senior Technical Advisor. Quinton Hennigh has been added as an additional Technical Advisor and the company is well cashed up having just completed a $1.5 million private placement. While Iska Iska is their primary focus for just now, Eloro has another project in Peru in the Western Cordillera Polymetallic Province nested in the middle of half a dozen gold producing mines including the La Arena gold mine I went to see a dozen of years ago. Most interesting to me at the time was the fact that of the 3–4 mines within a 30 km circle, all of them have identical ore and their costs were virtually the same for each mine. Eloro owns 82% of the La Victoria gold project. While La Victoria has world class potential for now 80% of Eloro's focus is on their Iska Iska silver mine. With Drs. Bill Pearson and Quinton Hennigh doing the technical planning and me telling the story, how can you go wrong? Even Eric Sprott is an investor but he invests in everything associated with silver. I wasn't quick enough to participate in their recently closed private placement but I was smart enough to go out into the open market and buy some shares. As such and given that they are advertisers, obviously I am biased. Do your own due diligence. Eloro Resources Ltd. ELO-V $0.80 (Jun 26, 2020) ELRRF-OTCBB 46.9 million shares Eloro Resources website. Bob Moriarty President: 321gold Archives 321gold Bob Moriarty founded 321gold.com, with his late wife, Barbara Moriarty, more than 16 years ago. They later added 321energy.com to cover oil, natural gas, gasoline, coal, solar, wind and nuclear energy. Both sites feature articles, editorial opinions, pricing figures and updates on current events affecting both sectors. Previously, Moriarty was a Marine F-4B and O-1 pilot with more than 832 missions in Vietnam. He holds 14 international aviation records. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Bob Moriarty: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Eloro Resources. Eloro Resources is an advertiser on 321 Gold. I determined which companies would be included in this article based on my research and understanding of the sector. 2) The following companies mentioned are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees. 3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. ( Companies Mentioned: ELO:TSX.V; ELRRF-OTCBB, ) […]

  • Explorer Drills 'High-Grade Hits' in Quebec
    on June 26, 2020 at 8:00 am

    Source: Streetwise Reports   06/26/2020 A Laurentian Bank Securities report notes Troilus Gold's new drill results from the final holes of its latest drill campaign demonstrate expansion potential. In a May 14 research note, Laurentian Bank Securities analyst Jacques Wortman wrote that new drill results from the Southwest Zone (SWZ) of Troilus Gold Corp.'s (TLG:TSX; CHXMF:OTCQB) Troilus project in Quebec "demonstrate expansion potential to the northeast and returned high-grade intervals, characteristic of the company's geological model and consistent with mineralization in the past-producing Z87 pit." These new results, which Wortman presented in his report, are for the last six of Troilus Gold's 11-hole, 6,000 meter (6,000m), phase 2, Southwest Zone drill program. Phase 1 encompassed seven holes. Overall, the new findings underscore the "presence and importance of high-grade gold," the analyst wrote, not only at Southwest but also on the Troilus property as a whole. They also support the company's geological model that "highlights the trend for high-grade intercepts within broader disseminated mineralized zones related to fold and shear patterns that create high-grade traps," added Wortman. He listed some of the best assays of the batch, which come from three of the holes. TLG-ZSW20-181 returned 13.28 grams per ton (13.28 g/t) gold equivalent (Au eq) over 1m within a broader intercept of 1.18 g/t Au eq over 21m. TLG-ZSW20-186 showed 16.1 g/t Au eq over 1.1m, 1.33 g/t Au eq over 5m and 1.43 g/t Au eq over 5m. TLG-ZSW20-190 demonstrated 46.4 g/t Au eq over 1m. "We are encouraged by the presence of the high-grade gold traps at the SWZ," Wortman said. "While some of these structures could potentially be accessed by open-pit mining, there is the potential that deeper mineralization will require underground mining methods, consistent with the resource base at the Z87 and J Zones." Troilus Gold is expected to announce sometime this month or next a resource estimate for the Troilus project, which will incorporate all of its recent Southwest Zone drill results. Laurentian rates Troilus Gold a Buy and has a CA$3.50 per share price target on the stock. The current share price is about CA$0.98. Read what other experts are saying about: Troilus Gold Corp. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news Disclosure: 1) Doresa Banning compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. She or members of her household own securities of the following companies mentioned in the article: None. She or members of her household are paid by the following companies mentioned in this article: None. 2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: Troilus Gold. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. 4) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports. 5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the interview or the decision to write an article until three business days after the publication of the interview or article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. Disclosures from Laurentian Bank Securities, Troilus Gold Corp., May 14, 2020 Laurentian Bank Securities Inc. and/or its officers, directors, representatives, traders, analysts and members of their families may hold positions in the stocks mentioned in this document and may buy and/or sell these stocks on the market or otherwise. The Research Analyst’s compensation is based on various performance and market criteria and is charged as an expense to certain departments of Laurentian Bank Securities (LBS), including investment banking. Laurentian Bank Securities Inc. may, in exchange for remuneration, act as a financial advisor or tax consultant for, or participate in the financing of companies mentioned in this document. Within the last 24 months, LBS has undertaken an underwriting liability with respect to equity securities of, or has provided advice for a fee with respect to, this issuer. The Analyst has visited material operations of this issuer. This issuer paid a portion of the travel-related expenses incurred by the Analyst to visit material operations of this issuer. To access Laurentian Bank Securities' regulatory disclosures, please click here. ( Companies Mentioned: TLG:TSX; CHXMF:OTCQB, ) […]

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