Is Montana Home to a Platreef-Style Deposit?

Source: Maurice Jackson for Streetwise Reports 02/07/2019 Michael Rowley, president and CEO of Group Ten Metals, sits down with Maurice Jackson of Proven and Probable to discuss his company’s recent drill results at its Montana PGE project that is also showing significant gold mineralization. Maurice Jackson: Joining Proven and Probable today is Michael Rowley, president and CEO of Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC), which is known for platinum, palladium, nickel, copper and cobalt in the prolific Stillwater district of Montana. Mr. Rowley, welcome to the show. Michael Rowley: Thank you, Maurice, glad to be back. Maurice Jackson: Glad to have you back, sir. In 2018, Group Ten Metals began its first season on the ground and identified 14 target areas on its flagship project, Stillwater West. Today, we have the results from 2 of the 14 target areas, which are quite impressive. But before we begin, for someone new to the story, who is Group Ten Metals and what is the thesis you are attempting to prove? Michael Rowley: At the very highest level, we are applying geologic models that were developed at the world’s biggest and most economic platinum, nickel and copper mines. These are the mines of the Northern Bushveld or Platreef District in South Africa. We’re applying those models to the Stillwater Complex in Montana, and this has not been done systematically before. The Bushveld and Stillwater Complexes are both large Igneous Complexes, they’re both magmatic systems, and there are many known parallels between the two. … Continue reading

Coverage Initiated on Canadian Junior Explorer 'Off to a Roaring Start'

Source: Streetwise Reports 02/07/2019 A Canaccord Genuity report highlighted the investment points for this company with an early-stage Red Lake project. In a Feb. 4 research note, analyst Kevin MacKenzie reported Canaccord Genuity initiated coverage on Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTC) with a Speculative Buy rating and a CA$4.75 per share target price. The current share price is about CA$3.14 per share. “We highlight Great Bear as a prospective investment for risk-tolerant investors,” MacKenzie indicated. The mining company wholly owns “an emerging discovery with the right signature,” and drilling is ongoing at Great Bear’s Dixie project in Ontario. Interesting intercepts to date have been high grade, at 68.7 grams per ton (68.7 g/t) gold over 7 meters (7m), 16.8 g/t gold over 10.4m and 1,602 g/t gold over 0.7m. MacKenzie described Dixie as “dynamic” and “evolving.” As for its “signature,” Dixie’s structural-geological setting, mineralization type and emerging grade profile resemble those of established deposits in the Red Lake camp, characteristics Canaccord Genuity considers “fundamental precursors for a potentially substantial discovery” at Dixie, MacKenzie pointed out. The true value of Dixie, and therefore Great Bear, has yet to be unlocked, asserted MacKenzie. “Drill testing to date at Dixie has only just scratched the surface of what may be a much more expansive gold-bearing system plunging to depth.” He purported the “potential value proposition, and associated investment thesis” greatly surpasses Canaccord’s current base and upside cases. The former outlines 0.75 million ounces (0.75 Moz), 71% returns and a $4.71 per share … Continue reading

A Critical Near-Term Juncture for the Precious Metals

Source: Michael J. Ballanger for Streetwise Reports 02/06/2019 Sector expert Michael Ballanger discusses the Federal Reserve and precious metals. Upon reflection back to kinder, gentler times before interventions and the emergence of central bankers as modern-day messiahs, it is noteworthy that every January dawning back to 2001, the precious metals “guru” community makes their usual bombastic pronouncements claiming that “(INSERT YEAR) WILL BE THE YEAR THAT GOLD AND SILVER EXPLODE TO ALL-TIME HIGHS!!!” followed by an array of pretty little charts and breathless podcasts all the while forgetting that with the exception of more facial hair and the odd streak of grey, it is the same speech they gave last January and every January before that. Then they trot out six of the twenty-seven “buy signals” generated by “the charts” and claim visionary status for a 22.2% win ratio while asking you to sign up for a mere 99¢ per day to their “proprietary service” that is “informational only” and not intended to be construed as “investment advice.” The reason I am mentioning this is that due to the recent rally in gold and silver, services that were nowhere to be found in late August with gold just off the lows at $1,167 (as in when I wrote “Back Up The Truck”) have suddenly determined that gold at $1,300 is a better reason to pull the trigger NOW rather than five months ago at $1,167. Buying an RSI at 73 is “WAY BETTER!” than accumulating at < 30 so get … Continue reading

Firm Commences Gold Resource Expansion Program and Receives Permit

Source: Streetwise Reports 02/06/2019 The company’s efforts advance the high-grade project toward production. Kerr Mines Inc. (KER:TSX; KERMF:OTC; 7AZ1:FRA) announced in a news release it initiated its 2019 phase 2 resource expansion program at its Copperstone mine in Arizona. With the maximum 15,000 meter (15,000m) underground program, Kerr aims to add another three to four years to the mine life, taking it to eight, at a rate of 38,000–40,000 ounces of gold per year. Drilling will focus specifically on the C and D zones of the Copperstone zone, which was historically mined as an open pit. It will impact an area encompassing 500 meters of strike length and 200m of elevation, which amounts to one-third of the current resource’s strike length. In other news, Kerr obtained an essential change to its environmental permit regarding air. It allows the company to build the planned additions to the existing plant for the gold processing systems of whole ore leach and sulfidization, acidification, recycling and thickening. Modifications to the federal operating permit and state water permit are in progress. Kerr Mines is currently working to complete advanced metallurgical testing in Q1/19. Read what other experts are saying about: Kerr Mines Inc. Sign up for our FREE newsletter at: 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 … Continue reading

Delrey Metals: Safe Canadian Vanadium Explorer with Multiple Projects

Source: Peter Epstein for Streetwise Reports 02/05/2019 Peter Epstein of Epstein Research profiles this company with strategic energy metals properties in Canada. Delrey Metals Corp.’s (DLRY:CSE; 1OZ:FSE) mandate is to create shareholder value by sourcing, financing and developing undervalued strategic energy metals properties and projects through staking ground or making accretive, prudently and creatively financed acquisitions and joint ventures/farm-ins. It’s off to a good start and has a clean balance sheet with just 34 million shares outstanding and cash of ~C$1.5 million. The market cap is about C$8 million = US$6.1 million. The company is aggressively pursuing additional strategic energy metals assets, and have homed in on two or three in particular. Delrey Metals has acquired five highly prospective properties in Canada. Four are prospective for vanadium, for a total of 9,482 hectares, and one is a cobalt–copper-zinc opportunity that Cobalt 27 Capital Corp. acquired a 2% NSR on. All four vanadium assets will be receiving airborne magnetic surveys and geophysics in February. Subject to results, management will determine which properties to focus on. Both the Porcher and Blackie properties have unique features that if confirmed, will likely make them top priority targets for the next phase of exploration. Early Days for the Canadian Vanadium Opportunity Interest in vanadium has grown along with the price. Demand from China continues to be the key driver. While the rest of the world grows at 2%–3% per year, a bad year for China is +6%, and it’s the second largest economy on the … Continue reading

Gold Miner Upgraded After 'Leaching Out Financial Risk' of Mill Project

Source: Streetwise Reports 02/05/2019 A BMO Capital Markets report delivered the pros and cons of this Canadian company’s recent decision on mill construction at its mine in Turkey. In a Jan. 31 research note, analyst Andrew Kaip reported BMO Capital Markets improved its outlook on Eldorado Gold Corp. (ELD:TSX; EGO:NYSE) after the producer announced it will halt mill construction at its Kisladag mine in Turkey. To reflect its changed view, BMO increased its rating on Eldorado to Outperform and revised its target price on the midtier company to CA$6.50 per share from CA$5. Eldorado currently trades at around CA$5.31 per share. The stock rallied on the news, and for good reason, Kaip wrote, “given the move has, in our view, financially deleveraged the company.” Without that $520 million capex burden, Eldorado now can generate enough cash to pay off its $600 million in debt, due at the end of 2020. Eldorado chose to shelve mill construction after it discovered it could produce 22 million tons of 1.1 grams per ton gold ore via heap leaching, “with gold recoveries in the 58% range,” Kaip explained. However, taking this approach for a three-year period, he pointed out, would lower the economic potential of the Kisladag mill option, “which we now see as [having a] sub-10% internal rate of return at $1,200 per ounce gold based on the residual reserve.” The analyst added that upside remains because Eldorado no doubt will keep evaluating the potential for a positive scenario, based on grades and … Continue reading

Gold Company to Build Solar-Diesel Power Plant for Fiji Project

Source: Streetwise Reports 02/04/2019 The explorer/developer chose a clean solution to fulfill the power needs of its mine and plant. Lion One Metals Ltd. (LIO:TSX.V; LOMLF:OTCQX) partnered with meeco to build and install a hybrid solar-diesel power plant for its Tuvatu gold project on Fiji, it announced in a news release. The Switzerland-based renewable energy provider will construct the facility on 4.1 hectares of available land about 3.5 kilometers from Tuvatu. Meeco’s sun2live system should generate 7 megawatts of peak power there. That energy, along with the 11 peak megawatts Lion One will create from diesel generators, will provide nonstop, around-the-clock power for Tuvatu’s gold mine and processing plant. Annually, the solar power system should generate about 10.31 gigawatt hours’ worth of energy, thereby eliminating a potential 6,000 tons of carbon dioxide emissions. “This hybrid system will not only reduce our carbon footprint but will enable Lion One to meet our power capacity requirements while significantly reducing fuel consumption and operating costs for the Tuvatu gold project,” Lion One’s Managing Director Stephen Mann said in the release. As for the partnership agreement, Lion One will be a “50% shareholder of a special project vehicle through an agreed buy-in structure,” the release noted. Read what other experts are saying about: Lion One Metals Ltd. Sign up for our FREE newsletter at: 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 … Continue reading

Kutcho Copper's Blockchain Initiative MineHub Discloses World-Class Partners: Goldcorp, IBM, ING Bank, Ocean Partners and Wheaton Precious Metals

Source: The Critical Investor for Streetwise Reports 02/03/2019 The Critical Investor looks at MineHub, the blockchain initiative started by Kutcho Copper’s CEO Vince Sorace, that has just announced major consortium partners. 1. Introduction After a year of preparations, Kutcho Copper Corp.’s (KC:TSX.V) CEO Vince Sorace was finally ready to finalize the paperwork and disclose the names of the consortium partners for the MineHub blockchain initiative, of which he is also the CEO and founder. A quick look at the names reveals immediately that there was no exaggeration at all in the general description last year: “a senior mining company, one of the world’s largest streaming companies, an international base and precious metals and concentrates trading company that specializes in providing trading and financing solutions for miners and smelters, and a global financial institution offering banking services in the metals and mining industry.” The senior mining company appears to be Goldcorp Inc. (G:TSX; GG:NYSE) (in the process of being taken over by Newmont Mining Corp. (NEM:NYSE), creating the largest gold producer in the world), the streaming company is Wheaton Precious Metals Corp. (WPM:TSX; WPM:NYSE), the trading company turns out to be Ocean Partners, and the global financial institution is ING. Kutcho Copper isn’t a multi-billion dollar outfit of course, but earns its seat at the table as a founding father of the deal. On top of this, one of the largest providers of blockchain applications worldwide, IBM, will closely collaborate with MineHub to build the mining supply chain solution on top … Continue reading

Fed Crumbles and Seals the Dollar's Fate

Source: Clive Maund for Streetwise Reports 02/02/2019 Technical analyst Clive Maund discusses the Fed’s recent actions and their repercussions for the U.S dollar and precious metals. The Fed didn’t just fold on Wednesday, it crumpled, capitulated. A long time ago we had figured out that when push came to shove, this is what it would do. However, we thought that it would take a market crash to force it to change course, in order that it could use that as solid justification for a U-turn, instead of which it only took a crashlet, or the start of a crash. The Fed’s “Prime Directive” is to serve the interests of their masters, the fabled 1% who control society, and they have done an admirable job of it over the past 10 years since the market crash, with their QE and ZIRP policies, which have funneled the wealth of the lower and middle classes up to the top of the pyramid, to the 1%, whose wealth has increased enormously as a result, while the common man has gotten poorer. This is a system that works so well for the 1% that they naturally want to keep it going as long as they possibly can—so they don’t want the markets to crash and the masses to come after them with pitchforks, as is starting to happen in France, where they made the mistake of turning the screw too far, and so, in deference to their masters, the Fed is doing an about face … Continue reading

Water Rights Are the Defining Factor for This Company

Source: Clive Maund for Streetwise Reports 02/02/2019 Technical analyst Clive Maund charts this company that is monetizing some of its water rights. Persistent low metals prices in recent years have crushed many explorers and turned a lot of them into “basket cases” where at best they limp along just paying their bills and are often heavily in debt. This seems to have been the case with Quaterra Resources Inc. (QTA:TSX.V; QTRRF:OTCQX) where in the rare event of a new employee being taken on, he would be handed an unsigned (because the author is no longer around to sign it) copy of Charles Dickens’ “Hard Times” on induction day, just to get him into the right frame of mind. With Quaterra, based on its having a range of copper projects and the copper price and its stock price being moribund for many months, it has been easy to jump to the conclusion that it could go “belly up” at any time, but this overlooks the fact that the company is in possession of valuable water rights that are much in demand, and in fact the value of the company’s water rights greatly exceeds the company’s market valuation, which should mean that either the stock price will improve or it will get bought up. There has been a positive development with respect to this which is that the company has already sold some of its water rights and should be in receipt of the proceeds soon, which means that it is solvent … Continue reading