Gold Explorer Recovers Core Historically Drilled on Its Northwest Territories Property

Source: Streetwise Reports 01/17/2019 A top priority now is confirming historical reports of mineralization are accurate. TerraX Minerals Inc. (TXR:TSX.V) recovered 16,000 meters of historical core from holes drilled on its Yellowknife City property, which reveal visible gold, it announced in a news release. Past drill logs for this core note that “several holes showed significant gold intersections.” “Acquiring core with visible gold provides an exciting and unexpected jumpstart to the advancement of key targets that will provide investors an early look at assay results in H1/19,” President and CEO David Suda said in the release. “We have effectively gained a full season of drilling for a fraction of the normal cost.” The historical core happens to have been taken from three of the four spots TerraX has identified as its next drill targets. TerraX now is sorting, logging and splitting the core for assaying. The goal is to test, and hopefully confirm, the validity of the historical reports. 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: None. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed … Continue reading

Explorer Learns Mineralization Extends at Great Basin Project's Southern Margin

Source: Streetwise Reports 01/17/2019 The goals of this Canadian firm’s ongoing drilling efforts are to define more ounces and connect zones. Liberty Gold Corp. (LGD:TSX) announced in a news release results from further infill and stepout reverse circulation drilling along the southern border of its Goldstrike project in the Great Basin. These findings come from additional holes that were drilled to test whether mineralization extended further in the Peg Leg zone and in the Hamburg Extension. Indeed, drill results proved that to be the case in both areas, the company noted. Regarding the Peg Leg zone, mineralization expansion was noted, which was relatively shallow. The grade of it was higher than the average grade of the deposit, the company reported. Highlight assays, from holes PGS670, PGS668 and PGS669, respectively, were 2.95 grams per ton (2.95 g/t) gold over 18.3 meters (18.3m); 0.7 g/t gold over 24.4m; and 1 g/t gold over 13.7m. At the Hamburg Extension, mineralization was shown to extend to the west along the Hamburg Fault. Its grade, too, was higher than the deposit’s average grade. Hole PGS677 returned gold assays of 0.85 g/t over 7.6m and 1.29 g/t over 36.6m, including 2.82 g/t over 9.1m. Hole PGS676 showed 1.18 g/t gold over 6.1m and 1.17 g/t gold over 9.1m. Hole PGS678 returned 0.83 g/t gold over 12.2m. Liberty Gold noted that it will incorporate these results along with all others from its 2018 Dixie drill program into an updated resource estimate, due out this year. Sign up … Continue reading

Graphite Firm Now Producing Concentrate Samples at Own Lab

Source: Streetwise Reports 01/17/2019 This new capability will help the company develop business. SRG Graphite Inc. (SRG:TSX.V) produced its first 95% graphite samples at its metallurgical laboratory located at its Lola project in Guinea, West Africa, it announced in a news release. Following commissioning of the facility and training of the lab technicians by Quebec-based SOUTEX, the on-site team now can produce graphite concentrate samples of various flake sizes and grades. This capability allows SRG Graphite to quickly generate and send samples to prospective clients straight from the lab. “We are excited to send samples to prospective clients directly from our lab. This step for the company is in line with our values: to invest in our local team, infrastructure and training, as they are the key to our success,” commented Raphaël Beaudoin, P.Eng., VP Operations, Metallurgy and Process Design. SRG noted that it used local vendors and construction companies entirely for the building and facilities, excluding the technical equipment. Read what other experts are saying about: SRG Graphite Inc. 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: SRG Graphite. Click … Continue reading

Velocity Minerals Scores Key Strategic Investment

Source: Peter Epstein for Streetwise Reports 01/17/2019 Peter Epstein of Epstein Research discusses the strategic investment this gold explorer just received. Velocity Minerals Ltd. (VLC:TSX.V; VLCJF:OTCQB), the Bulgarian gold exploration and development company, with a strong PEA on its Rozino project, and six additional near-surface gold prospects, announced a key strategic investment by Atlantic Gold Corp. (TSX-V: AGB; OTCQB: SPVEF). A Vote of Confidence in Velocity Minerals Atlantic Gold is a C$400 million company with proven mine building capabilities. It produced 90,531 ounces of gold in 2018 at a very low all-in sustainable cost of US$521–US$566/oz. The mine was built on time and on budget and production metrics are exceeding Feasibility levels. The mine is being expanded to 200,000 ounces/year. This is a significant de-risking event for Velocity as it will receive a C$3.9 million equity investment at a premium to its market price, plus a C$5.1 million 5-year secured 8.5% convertible bond investment with a conversion price of C$0.25/share (a 35% premium). The convertible bond has no strings attached (no warrants or other equity kickers). In total Velocity will receive C$9 million from Atlantic Gold. Velocity CEO Keith Henderson stated, “We are delighted to welcome Atlantic Gold as a strategic investor in the company. Atlantic’s development expertise in Nova Scotia complements our exploration success in Bulgaria. Our corporate strategies are aligned, with Velocity’s development objectives mirroring Atlantic’s successful hub-and-spoke approach of satellite deposits feeding a centralized processing plant. The proceeds from the financing will allow for the progression of … Continue reading

Exploring for World-Class Gold, Silver and Copper Deposits in Nicaragua

Source: Maurice Jackson for Streetwise Reports 01/16/2019 Ryan King, vice president of corporate development at Calibre Mining, sits down with Maurice Jackson of Proven and Probable to discuss his company’s joint ventures, exploration in Nicaragua and strategic plans. Maurice Jackson: Joining us today is Ryan King. He is the vice president, corporate development, of Calibre Mining Corp. (CXB:TSX.V; CXBMD:OTC), which is exploring for world-class gold, silver and copper deposits in Nicaragua. For someone new to the story, who is Calibre Mining and what is the thesis you’re attempting to prove? Ryan King: Calibre Mining’s thesis is twofold. One, we’re exploring for world-class discoveries in Nicaragua. We just had over 8 million ounces of produced gold in this district that we’re exploring. Second, we believe Nicaragua provides optionality right now for our shareholders. Our team has a proven track record of successfully acquiring, advancing, optimizing and selling projects. Recently, Calibre has gone through a restructuring. We’ve added some new people to our team. We are trying to duplicate what we’ve done in our last deal called New Market Gold. That is go out and buy advanced stage development or producing gold opportunities and optimize those operations, spend money on them, drill them, find more resources, and potentially we’d love to merge or sell the company after we’ve spent some time adding value to the company. Maurice Jackson: You referenced Nicaragua. Provide us with some historical context on the region in which your project portfolio is located. Ryan King: For those who … Continue reading

Newmont's Acquisition of Goldcorp Will Create World's Largest Gold Producer

Source: Streetwise Reports 01/15/2019 A CIBC report discussed the terms, pros, cons and specifics of this transaction in the large-cap gold mining space. In a Jan. 14, 2019 research note, CIBC analyst Anita Soni reported that Newmont Mining Corp. (NEM:NYSE) entered into a definitive agreement to acquire Goldcorp Inc. (G:TSX; GG:NYSE) for $10 billion. Closing of the deal is expected in Q2/19. Soni pointed out that on one hand, the acquisition will allow Newmont to maintain its status as the world’s leading gold producer, maintaining a production rate of an estimated 6–7 million ounces a year. However, the analyst highlighted, uncertainty about long-term production and costs related to Goldcorp’s assets will likely create an overhang on the stock. As such, CIBC downgraded its rating on Newmont to Neutral from Outperformer and will maintain that rating until the miner outlines its strategic plans. The bank also lowered its target price on the Colorado-headquartered miner to $41 per share from $48 “based on lower target multiples.” In comparison, Newmont’s stock is trading today at about $30.86 per share. Soni relayed the terms of the Newmont-Goldcorp deal. Newmont will acquire each Goldcorp share for 0.3280 of a Newmont share plus cash of $0.02 per share. This reflects a 17% premium based on the 20-day volume-weighted average price. “On a preliminary basis, we view the deal as dilutive,” Soni noted, based on estimated values that exclude projected “synergies, asset sales or downward production revisions.” The combined entity will be named Newmont Goldcorp and will … Continue reading

Metals Explorer's Upcoming Catalysts Offer 'Significant Upside' on 'Top-Pick'

Source: Streetwise Reports 01/15/2019 Echelon Wealth Partners reviewed the activity investors should expect from this Vancouver-based company in a ‘pivotal’ Q1/19. In a Jan. 8 research note, analyst Ryan Walker reported Echelon Wealth Partners again chose Pure Gold Mining Inc. (PGM:TSX.V) as a Top Pick for Q1/19, a “pivotal quarter for the company with several catalysts in the offing.” Echelon’s “positive view on the company’s shares reflects Madsen’s high-grade nature, potential for solid near-term, high-margin production and substantial exploration potential (supported by recent Wedge drill results),” the analyst added. Events that could impact the share price include completion of an updated resource estimate for the Madsen project, including an initial resource estimate of the satellite Wedge deposit. The latter will incorporate all assays from drilling at Wedge, Russet South, Fork and Madsen done before Sept. 1, 2018. Results from the Wedge drilling showed increased continuity and extension of the high-grade mineralization vertically, down to more than 500 meters (500m). Two highlight holes are PG18-540, which demonstrated 354 grams per ton (354 g/t) gold over 1m (from 372.4m downhole) and PG18-564, which showed 18.3 g/t gold over 1m (192.9m) and 53.6 g/t over 1m (243.7m). Currently, Madsen has 1.74 million ounces at 8.73 g/t of Indicated resources and 296,000 ounces at 7.89 g/t of Inferred resources. A definitive feasibility study also is expected in Q1/19, along with a preliminary economic assessment of the Russet, Fork and Wedge satellite deposits. All of those should be followed by a production decision for Madsen. … Continue reading

Beware the 'ZeroHedge Trap'

Source: Michael J. Ballanger for Streetwise Reports 01/14/2019 Precious metals expert Michael Ballanger discusses the turnaround in the markets at the end of the year and its effect on precious metals. “ZeroHedge” from Wikipedia: In September 2009, news reports identified Daniel Ivandjiiski, a Bulgarian-born,[d] U.S.-educated,[e] former hedge-fund trader, who was barred from the securities industry in September 2008 for earning USD 780 from an insider trade by FINRA,[14] as the founder of the site, and reported that “Tyler Durden” was a pseudonym for Ivandjiiski.[3][15][16]FINRA rulings show Ivandjiiski worked for 3 years at New York investment bank, Jefferies & Co.,[17] as well a number of hedge funds, the last of which was Wexford Capital LLC, a fund led by former Goldman Sachs traders.[18] One female site contributor, who spoke to New York magazine in an interview arranged by Ivandjiiski, said “up to 40” people could post under the “Tyler Durden” pseudonym.[3] I first learned of ZeroHedge after reading a post about gold in mid-2009 and was immediately drawn to its uncanny ability to unmask the malodorous bile that emanates from the Wall Street Spin Machines led by the Wall Street Journal and CNBC. In the early days, ZH was a refreshing must-read every morning and every evening as they were able to scan and re-post some great breaking stories related to the markets or people within the markets with the bad actors and self-promoters such as Bill Ackman and Dennis Gartman frequently called out for either reputational gaffes or outright bad … Continue reading

Company 'Positioning Itself as a Gold-Copper Developer to Watch in a Premier Jurisdiction'

Source: Streetwise Reports 01/10/2019 Discoveries, 2019 exploration plans and financings fill the agenda for this gold explorer/developer that has the attention of numerous analysts. From new targets at prime locations to major multi-million-dollar financings, Seabridge Gold Inc. (SEA:TSX; SA:NYSE.MKT) begins 2019 with many projects in the works. New Target at Iskut In late December 2018, the company announced that summer drilling at its 100%-owned Iskut Project in northwestern British Columbia “encountered the hallmarks of a large copper-gold porphyry system.” The company zeroed in on the Quartz Rise lithocap in 2018. Specifically, it focused on testing for high-grade epithermal precious metal occurrences associated with the uppermost portion of a porphyry mineral system. The drill results indicated that most of the Quartz Rise lithocap had eroded. The company noted that hydrothermal breccia (diatreme) discovered in holes QR-18-14 and 17 confirmed that a porphyry source for the lithocap was nearby. Seabridge Chairman and CEO Rudi Fronk noted, “We acquired Iskut in 2016 because it showed clear evidence of a large porphyry system similar in age and geology to our KSM project 30 kilometers to the east. Our view was that the Iskut porphyry was likely too deep to be our primary target and we therefore focused initially on finding a lithocap-hosted epithermal top of the porphyry system. We have since learned that this target is probably not viable in the Quartz Rise area due to erosion. However, we are very excited to find that this same erosion has given us the opportunity to … Continue reading

Further Metallurgical Testing on Australian Gold Project Ore Confirms Prior Findings

Source: Streetwise Reports 01/10/2019 The developer noted the new results complement previous ones from fine grinding and leaching tests. Vista Gold Corp. (VGZ:NYSE.MKT; VGZ:TSX) announced in a news release that metallurgical testing on two 2.5-ton high-grade samples from the Mt. Todd project confirmed previous findings. Specifically, high-pressure grinding roll crusher testing showed “increased concentration of gold in the fine fraction,” the release noted. Ore sorting revealed that sorting of higher-grade ore results in proportionally less gold being lost in the rejected material. “These tests confirm the value-adding benefit of ore sorting for the Mt. Todd gold project in Australia and demonstrate lower gold losses with higher-grade crusher feed,” President and CEO Frederick Earnest said in the release. “We expect that these results will support additional improvements in the economics of the Mt. Todd gold project.” Those economics are expected in an updated preliminary feasibility study in Q2/19, following completion of additional fine grinding and leaching tests in Q1/19. 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: None. Click here for important disclosures about sponsor fees. 3) Comments and opinions expressed are … Continue reading