Owning Precious Metals in an IRA

Source: Maurice Jackson for Streetwise Reports 12/10/2018 Andy Schectman of Miles Franklin Precious Metals Investments discusses with Maurice Jackson of Proven and Probable some benefits of holding precious metals in IRAs as well as some other tax advantages of precious metals. Maurice Jackson: Welcome to Proven and Probable. Joining us is Andy Schectman, the president of Miles Franklin Precious Metals Investments. In our previous interview, we addressed the value propositions and opportunity of a lifetime available right now in silver and platinum. Today, we will address two very important topics regarding tax law selling in precious metals RAs. Mr. Schectman, before we begin, for first time listeners, who is Miles Franklin, and what type of services do we provide? Andy Schectman: Thanks, Maurice. I’m going to address that in one second, I just want to say for your listeners, they ought to go back and listen to that last interview. I wouldn’t say something as sincere as I believe it to be the opportunity of a generation in silver right now and a strong opportunity in platinum. I really do believe that. And I know we’re not going to talk about that today, so I would really hope that your listeners would go and take advantage of listening to that. It’s as sincere as I can be. Miles Franklin, Maurice, is a precious metals company, been in business now for 29 years in the state of Minnesota. We’ve never had a customer complaint, ever. We’re one of only 27 or … Continue reading

Gold Producer Summarizes 2018 Results from British Columbia Exploration

Source: Streetwise Reports 12/08/2018 The Canadian company has a roughly 70,000-meter drill program planned for 2019. Pretium Resources Inc. (PVG:TSX; PVG:NYSE) provided an update, in a news release, on 2018 exploration activities at its Bowser claims in British Columbia and outlined 2019 follow-up plans for that area and the Valley of the Kings. Recent exploration efforts included 8,000 meters of drilling on the 1,200 square kilometer Bowser claims, which are east of the Brucejack mine and encompass the American Creek, Bluffy, Koopa and Upper Kirkham zones. Overall, the results “confirm the presence of Brucejack-style, high-grade gold mineralization hosted in broad zones of low-grade stockwork, highlighting the potential for discovery of porphyry-related copper-gold mineralization and high-level epithermal mineralization on the property,” the company noted. Results from the follow-up geophysical program are being processed. As for specific zones, at American Creek, 25 kilometers (25 km) southeast of Brucejack, drilling intersected broad areas of low-grade mineralization at the north end along with an upper expression of a polymetallic epithermal vein system near the center. Assay highlights included 1.82 grams per ton (1.82 g/t) gold over 6.6 meters (6.6m), including 9.19 g/t gold and 196 g/t silver over 0.74m, in hole BR-001. Drilling at Bluffy, 30 km south-southeast of Brucejack, hit “broad zones of low-grade gold hosted in shear zones, which contain narrow veins of high-grade gold and base metal values,” according to the release. Koopa, 30 km east-southeast of Brucejack, showed a “structurally controlled epithermal system appears to be overprinting a volcanogenic massive … Continue reading

Large Silver and Zinc Resource Found South of the Border

Source: Streetwise Reports 12/06/2018 A major partnership with an Australian mining and metals company that is funding exploration is paying off with a large increase in the resource estimate this explorer released. Silver Bull Resources Inc. (SVB:TSX; SVBL:NYSE.MKT), a Canada-based mineral exploration company, released at the end of October an updated resource for the Sierra Mojada project, located in Coahuila, Mexico. Recent measurements showed 5.35 billion pounds of zinc and 87.4 million ounces of silver. Sierra Mojada Resource Update Highlights ● An open pittable, measured and indicated “High Grade Zinc Zone” of 13.5 million tonnes at an average grade of 11.2% Zinc at a 6% cutoff for 3.336 billion pounds of zinc. ● An open pittable, measured and indicated “High Grade Silver zone” of 15.2 million tonnes at an average grade of 114.9 g/t at a 50g/t cutoff for 56.3 million ounces of silver. ● Total Measured & Indicated Global Resource 70.4 million tonnes at 38.6 g/t Ag and 3.4% Zn that contain 5.354 billion pounds Zn and 87.4 million ounces Ag. ● The updated resource was modelled using a silver price of US$15 per ounce, and a zinc price of US$1.20 per pound. Source: Silver Bull Resources “This resource update models the mineralization defined at Sierra Mojada to zinc and silver prices realistic of the current market conditions,” stated Tim Barry, president, CEO and director of Silver Bull. “Sierra Mojada is one of only a handful of projects with any appreciable zinc resources and is one of the largest … Continue reading

Test Mining Reveals 'Higher Grade, More Ounces and a New Proximal High-Grade Zone'

Source: Streetwise Reports 12/06/2018 An Echelon Wealth Partners report reviewed the highlights of this gold company’s recent campaign at its Red Lake project. In a Nov. 28 research note, analyst Ryan Walker relayed that Pure Gold Mining Inc.’s (PGM:TSX.V) test mining in the McVeigh zone at Madsen, now fully reported, “encountered excellent ground conditions and visually strong gold mineralization, both boding well for any eventual commercial mining. . .specifically efficient mining of higher-grade mineralization with limited dilution.” Walker pointed out mining of the two test slopes generated a 15% and 20% combined higher grade than what was expected based on the resource model and the initial diluted stope designs, respectively, in those areas. Upon drilling drift walls underground, Pure Gold delineated a third stoping area, Walker noted, from which it then produced another 1,575 tons grading 8.7 grams per ton (8.7 g/t). Highlight assays from underground drilling included 20.1 g/t Au over 6 meters (6m), including 38.6 g/t over 2m from hole PGB-0131 and 47.6 g/t over 6m from hole PGB-0134. Next, Pure Gold will update the Madsen resource estimate, encompassing Wedge, Russet South, Fork and Madsen, planned in January 2019. Also next month, the company intends to announce results from the definitive feasibility study (DFS) and preliminary economic assessment that covers Wedge, Russet South and Fork, the analyst noted. Walker concluded, “Our positive view on Pure Gold’s shares reflects Madsen’s high-grade nature (as again demonstrated by the test mining and underground drilling results), potential for solid near-term, high-margin production … Continue reading

Gold Explorer Announces First Assay from 2018 Yukon Zone Drilling

Source: Streetwise Reports 12/06/2018 This company drilled eight holes at this target this year. Victoria Gold Corp. (VIT:TSX.V) announced in a news release that its discovery diamond drill hole, NG18-006C, in the Nugget zone, returned 101.5 meters (101.5m) of 0.67 grams per ton (0.67 g/t) gold from surface, including 10.1m of 2.79 g/t gold. “To produce this tenor of mineralization from a first-pass drill program is truly impressive and a testament to both the mineral endowment of Dublin Gulch and the validity of the Potato Hills Trend model,” President and CEO John McConnell said in the release. Nugget, the latest target on Potato Hills, represents “the second largest known cretaceous intrusive body on the Dublin Gulch property” in the Yukon Territory, the release noted. Recent drilling at Nugget focused on the newly discovered Raven target, where three of this program’s eight holes were placed. Even as Victoria brings its Eagle mine online, it will continue to explore and prove out the potential it believes exists at Dublin Gulch, McConnell added. Read what other experts are saying about: Victoria 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 … Continue reading

Canadian Mining Company Takes Advantage of Boom in Energy Storage

Source: Streetwise Reports 12/04/2018 As green energy initiatives boost the need for graphite, one company continues to explore for the element in an unlikely place. Graphite is the most common non-metal substance that can conduct electricity with significant heat resistance. It is no surprise that strong demand for graphite is fueled by the new economy: green energy initiatives, including lithium-ion batteries (electric vehicles and energy storage), renewable energy, superconductors, innovative new building materials and nuclear energy. Large-flake graphite is mostly used in the steel industry as refractory material for its heat resistant properties. Demand for graphite flakes is increasing rapidly as infrastructure development, EV and large-scale energy storage sectors become more prominent in global focus. Graphite can be mined (natural flake graphite) or produced by heating and altering petroleum coke (synthetic graphite). Jumbo and large-flake graphite is used in electronics, graphite foils and new building materials such as flame-retardant insulation. Small-flake graphite is a major component in the construction of anodes for lithium-ion batteries. As a result, the world consumption of flake graphite is expected to increase by over 300% from 710 ktpa to 2.4 Mtpa by 2025. Flake graphite accounts for approximately 40% of global natural graphite supply. SRG Graphite Inc. (SRG:TSX.V) is a Canadian resource company that works in the exploration, development and production of high-quality, low-cost natural graphite flakes. The company is also working on its nickel-cobalt-scandium laterite project located 5km away from its graphite project. SRG operates in the southeast region of the Republic of Guinea, … Continue reading

Exploration Company Makes Headway in Peru Gold Belt

Source: Streetwise Reports 12/04/2018 This Canada-based exploration company makes headway in southeastern Peru as it completes a major milestone and releases more information on its biggest projects. Palamina Corp. (PA:TSX.V; PLMNF:OTC.MKTS), a Canada-based precious metals exploration company, released information about developments that could propel the company forward. According to the company, Palamina is looking for the hard rock source of a modern day gold rush underway in Peru. Palamina has acquired five district scale gold projects covering 77,000 hectares in the Puno Orogenic Gold Belt in southeastern Peru: Coasa, Bendi, Gaban, Cori and Orco. All five projects either have visible gold showings or there is visible gold being mined adjacent to them. There are also 100,000 artisanal miners in the belt actively mining gold driving this modern day gold rush, the company stated. Palamina Corp. initially went into Peru at the end of 2016. Management says 2017 was spent acquiring, visiting, assessing and prioritizing the land. It wasn’t until 2018 that the company started systematic exploration. First Heli-Borne Geophysical Surveys in the Puno Orogenic Gold Belt (POGB) In late October 2018, management announced the completion of heliborne geophysical surveys over its Coasa, Gaban and Cori projects. The company noted that in the POGB, gold mineralization frequently has an association with disseminated magnetic pyrrhotite hosted by quartz veins within regional shear zone structures. Andrew Thomson, president of Palamina stated, “Palamina is the first company to conduct heli-borne geophysics in the Puno Orogenic Gold Belt (POGB). The ~3,000 line-km survey is now … Continue reading

Avrupa Starts to Drill the Large Alvalade Project in Portugal

Source: Thibaut Lepouttre for Streetwise Reports 12/04/2018 Thibaut Lepouttre of Caesars Report profiles a company active in Portugal that uses the prospect generator model. Explaining the prospect generator model Avrupa Minerals Ltd.’s (AVU:TSX.V; AVPMF:OTC: 8AM:FSE) business model is quite simple: after adding projects to its portfolio, it tries to get them to a drill-ready stage where after it starts looking for a joint venture partner to do the heavy lifting. This usually results in a very cost-effective way of exploring multiple projects without incurring the associated expenses: The partners usually cover the exploration expenses in return for a majority stake in the properties they are working on. Avrupa usually retains a minority stake in a project, which subsequently gets converted into a Net Smelter Royalty. An excellent example of how the business model works is the joint venture deal on the Slivovo gold project in Kosovo. Avrupa discovered an interesting gold target in the country and allowed Byrnecut to earn an initial stake of 75% after spending a few million dollars on advancing the project. Byrnecut has subsequently increased its stake to 85% after delivering an economic study on the project, and as soon as it reaches a 90% stake, Avrupa’s position will be reduced to a 2% Net Smelter Royalty. Doing business in Portugal In the past, we have discussed Blackheath Resources (BHR.V), which was trying to advance a portfolio of tungsten assets in Portugal, so we are quite familiar with Portugal as a mining destination. And so is … Continue reading

Explorer's Focus Is on 'High-Grade Gold in World-Class Districts'

Source: Maurice Jackson for Streetwise Reports 12/04/2018 Chris McFadden, CEO of NxGold, sits down with Maurice Jackson of Proven and Probable to discuss his company’s exploration efforts on two continents. Proven and Probable: Joining us today is Chris McFadden, the president, CEO, and director of NxGold Ltd. (NXN:TSX.V), where the focus is on high-grade gold in world-class districts. Mr. McFadden, in our previous interview, we conducted a thorough, comprehensive interview regarding the value proposition of NxGold. For current and prospective shareholders, please read our in-depth exclusive interview published in September. Mr. McFadden, for someone new to the story, who is NxGold and what is the thesis you’re attempting to prove? Chris McFadden: NxGold is a Vancouver-based gold explorer. Our main objective is to discover high grade large volumes of gold in first-class jurisdictions. So currently we have projects in Canada, projects in Nunavut and also in Western Australia in the Pilbara region. Proven and Probable: I want to begin our discussion at the 10,000-foot level and get your perspective on a topic that has a number of speculators’ attention and that is the discussion of peak gold and how this may serve as a catalyst for junior mining companies and, in particular, NxGold. Chris McFadden: I think that’s a great question because I think what we’re seeing in the industry at the moment and it’s something that’s been coming over the horizon for a few years now is that the majors have really cut back their exploration. They’re not spending … Continue reading

Explorer Identifies Continuous Gold Mineralization

Source: Streetwise Reports 12/01/2018 Significant exploration potential of one zone at this company’s Red Lake, Ontario, asset remains wholly untapped. Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) reported in a news release that all nine holes drilled in the Dixie Limb Zone (DLZ) at its Dixie project in Ontario to test the vertical continuity of gold mineralization to depth there intersected gold mineralization. The company noted that these successful holes, drilled down to 365 meters (365m) from 26m, were in previously evaluated areas that were deemed to lack mineralization and geological continuity. In these areas, highlight intercepts from recent results included 6.71 grams per ton (6.71 g/t) gold over 3.1m and 6.16 g/t gold over 2.3m. Higher gold grades, above 6 g/t, were encountered in five of the nine holes. One of the two deepest holes, DL-031 at 307m, intersected a parallel mineralized zone not previously identified. The drill results also revealed that as the mineralization in the DLZ gets deeper, the thicker it gets and the higher the gold grade it has, the release noted. “Using oriented drill core and gyroscopic surveys, we have cut through the effects of the magnetic background rocks which skewed past drilling, and observe a consistent mineralized zone at the DLZ structure, including several steeply plunging high-grade zones,” said President and CEO Chris Taylor in the release. “This mineralization is open along strike and at depth. He added that Great Bear, having identified 360m of continuous mineralization, is off to a good start, but Red … Continue reading