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   Gold/Mining/EnergyGold and Silver Juniors, Mid-tiers and Producers


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From: LoneClone11/17/2021 3:24:40 PM
1 Recommendation   of 77831
 
We have news from Teuton Resources aka TUO about the drill programme recently completed by DEC on their Del Norte JV in the Golden Triangle in northwest BC. We now have assays from 10 of 16 holes drilled along the Argo/LG structure, analogous to that which host the Eskay Creek mine not far away. They have pulled some more decent intercepts, including 1408 g/t AgEq over 9.91M and 477 g/t AgEqq over 15.2M, and regardless of the remaining assays in the lab, are planning a more extensive drilling campaign exploring Argo next year. There will be more to explore too; they have been drilling on isolated rock islands within existing glaciers which will grow as these glaciers recede due to global warming.

Message 33578259

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To: LoneClone who wrote (77714)11/18/2021 12:49:49 PM
From: LoneClone
   of 77831
 
Sandstorm Gold Royalties aka SSL released a PR concerning their 30% interest in the Hot Maden Au/Cu project in Turkay. It wasn't the news we had been waiting for, the release of the PGBS, but still a positive development, the approval of the Environmental Impact Assessment (EIA) by the Turkish government. My notes on SSL says that both the EIA and the PFBS were supposed to have been done in September, so the PFBS must be getting pretty darn close, or as the PR says, 'in the coming weeks".

Message 33579586

FWIW, in response RBC released an analyst report that calls the development positive, noting that the 30% ownership share plus the 4% NSR represent 50% of SSL's NAV, but maintain their usual negative stance, keeping them at Underperform with a target of $US7. BTW, both RBC and I expect SSL to convert their ownership to a royalty interest at some point.

Calibre Mining aka CXB released a PR about the appointment of a new CFO. That David Splett is an interesting choice is detailed on the IKN blog. It just so happens that his previous job was as CFO of Elevation Mining (formerly Northern Vertex), which is rumoured to be the next takeover target for CXB. Hmmmm.

ca.finance.yahoo.com

Capitan Mining aka CAPT released another set of drill results from the Capitan Au oxide deposit at the Peñoles property in Durango Mexico. By this point the geologists have a good grasp on the mineralization on the property, with all five reported holes intersecting both the main Capitan zone and the Hanging Wall zone. Again, the assays are not high grade, with all but a few short intervals reporting under 1.0 g/t AuEq, but the Capitan deposit remains open in several directions. Yes, the ore is oxde and extends from surface, but they probably still need a fair bit more to lay the groundwork for an economic mine.

Message 33579719

And Orestone Mining aka ORS announced that "due to delays beyond the Company's control" -- apparently not money, but would it have killed them to tell us what caused those delays? -- the drilling progrmme at their Captain Au/Cu prospect in northern BC has been delayed to Q1. We will have to wait to see if the the geophysics has really defined the porphyry they are looking for.

Message 33579754

Both the PoG and GDX continue to consolidate recent gains. Given the negative fundamental backdrop, Saville still expects a drop, likely back to the August low, once the current uptrend comes to an end.




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From: james flannigan11/21/2021 8:38:45 AM
   of 77831
 
Keep your eye on HIGH this week.

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From: kidl11/22/2021 9:49:18 AM
2 Recommendations   of 77831
 

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From: LoneClone11/22/2021 3:10:35 PM
   of 77831
 
I-80 Gold aka IAU released an update on McCoy-Cove, one of four gold properties in Nevada they are advancing towards production. They have owned this one the longest and know it the best, which makes today's announcement exciting. Early next year a contractor will start building a 1000M+ long decline which will be used to conduct a 40000M drilling campaign whose purpose will be to upgrade the existing resource, one of the highest grading in North America, through infill drilling. As the ore is refractory, what makes this development work is the deal they have with Nevada Gold Mines to use their facilities while IAU recently purchased of infrastructure at Lone Tree is upgraded.

Message 33585771

Riverside Resources aka RRI has been a successful project generator in Mexico for years, so it was unexpected when in August last year they announced they had staked three properties on a little known greenstone belt near Kenora in Ontario. But given their history, I shouldn't be surprised that they have already found a buyer for the properties. They will receive $125k and retain NSRSs when they complete this deal with Golden Retriever Resources, a presumably private company I had never heard of.

Message 33585812

Impact Silver aka IPT released its Q3 results, as the company continues to wake up from a long period of somnolence. They have several mills and multiple mines, producing and non-producing, at their adjoining Zacualpan and Mamtla properties in Mexico, producing silver and various byproduct metals. Q3 was a transitional quarter focused on development of areas for future production, so Ag production was down a bit and costs crept up, but they were still able to generate positive cash flow and a net profit, increasing their cash stash of $21.5M with no debt.

The best new is that they are remaining ambitious. They are ramping up exploration and have bought a fourth drill, and are looking at bring the Capire open pit, which used to be a money spinner even at lower metal prices, back into production.

Message 33585845

Queen's Road Capital aka QRC, who are different from the usual royalty/streamer company in that they issue debentures which generate cash flow used to pay dividends, released an update today, aannoincing that 74% of the shares opted to used the their recently instituted DRIP programme, taking shares rather than cash as their dividend. They are going to take the cash that would have been paid out in dividends absent the DRIP and use it to establish a share buyback programme. There was no indication as to whether this would be continued for future dividends.

The dividend has not yet shown up in my TDW accounts so I don't yet know whether I have received money or shares. I am hoping the latter, and will be bugging TDW if I get cash instead. TDW normally make these decisions on a stock by stock basis, which they then apply to all shareholders in their accounts.

ca.finance.yahoo.com

Turning to Minera IRL aka MIRL, things are coming to a head in the attempt by shareholders to oust the corrupt CEO in the upcoming AGM. Just when you think the saga can't take another turn, it does. You can follow the details at this board.

Subject 58319

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To: LoneClone who wrote (77718)11/24/2021 3:18:06 PM
From: LoneClone
2 Recommendations   of 77831
 
You wouldn't know it by the share prices, but Teuton Resources aka TUO and its JV partners today announced the discovery of a 4th gold deposit on their Treaty Creek property in the Golden Triangle of BC, with a headline assay of 1.30g/t AuEq over 53.9M within 155.5M of 0.82 g/t AuEq. This year's exploration is now complete and the camps have been closed, but there are still a number of assays pending which will give us a better picture of this new zone, which has been named Calm Before the Storm or CBS. The area was until recently cover by glaciers, and highlights the potential for even more discoveries as the melting, alas, continues.

As we wait for the remaining assays, we can contemplate which the share price is so low. I sold some shares at double the current share price not so long ago, and there have been many positive developments since.

Message 33589644

Sandstorm Gold Royalties aka SSL announced the long awaited results of the FBS on the Hod Maden gold/copper project in Turkey. (SSL holds a 30% net profits interest plus a 2% NSR.) The numbers look very good to me, delivering an NPV of over $1B and an IRR of 36% at copper and gold prices much lower than the current levels.

Their Turkish partner is processing apace. Permits have already been submitted and are expected to be granted by the middle of 2022, whereupon construction will begin aiming at first production in the second half of 2024. I still expect the net profits interest to be sold or converted into a larger NSR, but am glad to know that even if they don't , SSL's share of initial capex is estimated at only $32M.

Message 33589680

FWIW, in response TD issued a new analyst report which calls the FBS results slightly positive but keeping SSL at Buy with a target of $12.50

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To: LoneClone who wrote (77719)11/24/2021 5:43:57 PM
From: kidl
   of 77831
 
SSL / Hod Maden … If Erdogan goes, it may become an asset. If Erdogan stays or another Erdogan takes over (not an unlikely scenario), it’s a waste of time and money.

Current Hod Maden value: Zero IMHO.

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To: LoneClone who wrote (77719)11/24/2021 8:44:42 PM
From: Pianoman1997
1 Recommendation   of 77831
 
I just acquired some AMK below 20 cents and also TUD. I am in no hurry will wait for the return of gold bull.

I have a feeling that AMK might be the first one to be taken over. Will TUD try to control even more of TCreek or will TUO try to grow its share? Or will SEA go for it as well? Majors will probably wait for $2000 GOLD Grades are not fantastic but you can plan a large operation there and dig all your life and still find gold.

The price for any of the 3 partners is hard to resist if one keeps a mid-long term view.


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To: kidl who wrote (77720)11/25/2021 5:10:07 PM
From: LoneClone
   of 77831
 
IMO you fail to understand the power of SSL's partner at Hod Maden. Even Erdogan would think twice before messing with them. In any case, according to my Turkish friends, there is huge anger building at Erdogan for the way he is mishandling the interest rate/Lira exchange rate fiasco. He might be gone sooner than anyone expects, though it is sure to be a messy process.

LC

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From: LoneClone11/26/2021 3:47:15 PM
   of 77831
 
Yesterday we had some not so great news from Teuton Resources aka TUO and Silver Grail about drilling on the JVed assets in BC's Golden Triangle. Assays from 4 holes on Konkin Silver encountered plenty of alteration but it was all pyrites with negligible PM content, while the hole on the Midas property had to be abandoned before reaching the targets. And due to winter closing in early, the drill programme on the Eskay Rift property has been postponed to next year.

Message 33591014

B2Gold aka BTO has revealed some news that makes it less likely for me to buy back in, that they are weighing the acquisition of gold assets in Zimbabwe, one of the most corrupt and chaotic countries in Africa. That would not be a good move IMO. They just managed to reduce their country risk by selling some assets, so why increase it again?

Message 33591719

Gold is holding up pretty well today in the face of the recent failed breakout and the big down day on the markets. What's next? Who knows?


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