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   Gold/Mining/EnergyCopper Fox

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From: louel2/26/2020 1:42:36 PM
   of 10654
Mentioned this a few days ago. Thought I'd post the news update .

Needs to pull back some yet but results have been consistent. I expect a Placement to to be announced Esckay, after Grand Duc. is what fostered such great attention on the region resulting in the Golden Triangle. That has since been extended by other outlying discoveries resulting in more of a horse shoe shape. Mount Milligan on one end and Stewart on the other. The culmination of the Stikine and Quesnellia formations. The Quesnel extends south encompassing Mt. Polly , Spanish Mountain, Yellow Head and Teck's Highland Valley. Fantastically mineral rich area. The bad is administrations Nationally and Provincially are not business friendly.

Eskay was a time prior to the technology used today so was never really explores as it should have been. Plus mining and infrastructure equipment was much inferior at what it is used today.

Venture stocks are generally trading stocks A medium term cycle indicator helps with entry and exits for swing trades or position trades.

Gold Golden Triangle


Mr. Walter Coles reports:

VANCOUVER, BC / ACCESSWIRE / February 26, 2020 / Skeena Resources Limited (TSX.V:SKE)(OTCQX:SKREF) ("Skeena" or the "Company") is pleased to announce the final gold-silver assays from the 2019 Phase I surface drilling program at the Eskay Creek Project ("Eskay Creek") located in the Golden Triangle of British Columbia. Four ground-based surface drill rigs were utilized for the 2019 Phase I program in the 21A, 21E and HW Zones to infill and upgrade areas of Inferred resources to the Indicated classification. A total of 14,266 metres over 209 holes were drilled. Drill hole results reported in this release are from the 21E and HW Zones. Reference images are presented at the end of this release as well as on the Company's website.

Phase I Eskay Creek Drilling Highlights:

13.24 g/t Au, 701 g/t Ag (22.59 g/t AuEq) over 14.33 m (SK-19-246) - HW Zone
Including: 5.18 g/t Au, 5,860 g/t Ag (83.31 g/t AuEq) over 0.90 m
And: 1.75 g/t Au, 1,235 g/t Ag (18.22 g/t AuEq) over 1.05 m
And: 1.23 g/t Au, 1,895 g/t Ag (26.50 g/t AuEq) over 0.85 m
And: 176.00 g/t Au, 1,530 g/t Ag (196.40 g/t AuEq) over 0.90 m
2.58 g/t Au, 51 g/t Ag (3.26 g/t AuEq) over 25.00 m (SK-19-222A) - 21E Zone
3.36 g/t Au, 40 g/t Ag (3.89 g/t AuEq) over 14.00 m (SK-19-217) - 21E Zone
1.94 g/t Au, 166 g/t Ag (4.16 g/t AuEq) over 13.50 m (SK-19-237) - 21E Zone Gold Equivalent (AuEq) calculated via the formula: Au (g/t) + [Ag (g/t) / 75]. Reported core lengths represent 80-100% of true widths and are supported by well-defined mineralization geometries derived from historical drilling. Grade capping of individual assays has not been applied to the Au and Ag assays informing the length weighted AuEq composites. Processing recoveries have not been applied to the AuEq calculation and are disclosed at 100%. Samples below detection limit are nulled to a value of zero.

2019 Drilling Demonstrates Continuity and Exceptional Silver Grades

The 2019 Phase I infill program at Eskay Creek continues to demonstrate the excellent continuity of the current resource model which is derived largely from historical drilling. Phase I infill drilling within the 21E Zone, which is located on the eastern flank of the Eskay deposits, has correlated extremely well with the historical drilling with respect to grades, widths and spatial distribution of mineralization.

Initial drilling within the HW (Hanging-Wall) Zone has not only corroborated the current resource model but has located additional mineralization of equivalent tenor as confirmed by drill hole SK-19-245 which intersected 1.63 g/t Au, 62 g/t Ag (2.45 g/t AuEq) over 16.21 metres.

Situated 20 metres east of this expanded mineralization, drill hole SK-19-246 intersected extremely high-grade silver mineralization of 13.24 g/t Au, 701 g/t Ag (22.59 g/t AuEq) over 14.33 metres including 5.18 g/t Au, 5,860 g/t Ag (83.31 g/t AuEq) over 0.90 metres. This intercept was predicted by the resource model. Drill intercepts in the HW Zone are located less than 20 metres below surface.

Current Status - Eskay Creek Drilling

Four ground-based drill rigs are now operational at the Eskay Creek Project continuing the Phase I infill program. Exploratory drilling is scheduled to commence in the coming weeks.

For higher resolution of image above, click here.

For higher resolution of image above, click here.

About Skeena

Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective precious metal properties in the Golden Triangle of northwest British Columbia, Canada. The Company's primary activities are the exploration and development of the past-producing Eskay Creek mine, which contains a combined Indicated and Inferred 4Moz, 4.4 g/t gold-equivalent open-pit resource. The Company recently completed a Preliminary Economic Assessment (PEA) on Eskay Creek which highlights an after-tax NPV5% of C$638M, 51% IRR and a 1.2-year payback. Skeena is also exploring the past-producing Snip gold mine.

On behalf of the Board of Directors of Skeena Resources Limited,

Walter Coles Jr.
President & CEO

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From: louel2/28/2020 12:04:45 AM
   of 10654
Shares or warrants held by CUU insiders as of Feb 27th 2020.

Date of Last Reported
Closing BalanceInsider's calculated balanceClosing balance of equivalent number
or value of underlying securities
Insider Name:Echavarria, Ernesto
Insider Relationship:4 - Director of Issuer
Ceased to be Insider:Not Applicable
2019-04-29Common Shares 249,575,003251,426,855
2017-05-12Options (Common Shares) 000
2019-04-29Warrants (Common Shares) 17,482,66617,482,66617,482,666

Insider Name:Jensen, Braden Henry
Insider Relationship:5 - Senior Officer of Issuer
Ceased to be Insider:Not Applicable
2015-08-13Common Shares 0
2015-08-13Options (Common Shares) 0 0
2015-08-13Warrants (Common Shares) 0 0

Insider Name:Koudstaal, Erik
Insider Relationship:4 - Director of Issuer
Ceased to be Insider:Not Applicable
2012-04-09Common Shares 510,000
2017-05-12Options (Common Shares) 000

Insider Name:MacKay-Dunn, R. Hector
Insider Relationship:4 - Director of Issuer
Ceased to be Insider:Not Applicable
2018-06-14Common Shares 3,485,349
2016-06-30Common SharesRenfrew Dieppe Holdings Corporation417,000
2017-02-13Common SharesTFSA251,300
2017-04-24Options (Common Shares) 0 0
2005-07-14Warrants (Common Shares) 0 0
2018-06-14Warrants (Common Shares) 666,666 643,939
2016-06-30Warrants (Common Shares)Renfrew Dieppe Holdings Corporation417,000 417,000

Insider Name:Smith, J Michael
Insider Relationship:4 - Director of Issuer
Ceased to be Insider:Not Applicable
2015-02-02Common Shares 1,815,000
2019-04-29Common SharesBay Fortune Resources700,000700,000
2017-05-12Options (Common Shares) 000
2011-05-02Warrants (Common Shares) 0 0
2019-04-29Warrants (Common Shares)Bay Fortune Resources100,000100,000100,000
2007-06-22Warrants (Warrants) 0 0

Insider Relationship:4 - Director of Issuer, 5 - Senior Officer of Issuer
Ceased to be Insider:Not Applicable

Insider Name:Stewart, Elmer
Insider Relationship:4 - Director of Issuer, 5 - Senior Officer of Issuer
Ceased to be Insider:Not Applicable
2019-04-29Common Shares 4,123,0004,123,000
2017-05-12Options (Common Shares) 000
2019-04-29Warrants (Common Shares) 903,500903,500903,500

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From: explorationguy2/29/2020 6:02:57 PM
   of 10654
A lot of bargains out there but I'm not buying yet. We'll see how Covid-19 plays out a bit first. KG is down to 23.5. Tud is 40 and WEF is 1.07!

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From: louel3/11/2020 2:10:01 PM
   of 10654
The venture exchange has now reached the lowest point it has ever been since it's inception. Surpassing the previous all time low set in Jan 20, 2016 Today's trading so far equals 82,323 shares still 2 hrs to close.

CUU If the two E's were on the ball. After this PP or perhaps one more they would do a couple consecutive of roll backs of 8 or 9 for 1. It would all but wipe out 70% of retail share holders under water or with small holdings, with out really affecting their own positions in regard to %.
Recent Trades - All 8 today
Time ETExPriceChangeVolumeBuyerSeller Markers
13:45:54U0.07 6,0002 RBC1 AnonymousK
10:50:55M0.065-0.0059947 TD Sec143 PershingE
10:50:55H0.065-0.0051,0001 Anonymous143 PershingK
10:50:55V0.065-0.00519,0007 TD Sec143 PershingK
10:49:32X0.07 1,0002 RBC1 AnonymousK
10:49:32U0.07 4,0002 RBC1 AnonymousK
09:30:00V0.07-0.0053292 RBC7 TD Sec
09:30:00V0.065-0.0051,0002 RBC7 TD SecKL
09:30:00V0.065-0.00549,0007 TD Sec7 TD SecKL

Western reached a day low of 88 cents.

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From: Theotokos3/29/2020 1:50:07 PM
   of 10654
Any current thoughts on jumping back into the market? The swings have been incredible. I suspect there is more downside from here as the magnitude of the pandemic sinks in. I sold all my oil stocks before the biggest drop, and so have a fair bit of cash. Other than a few penny stocks which are not worth selling, I'm holding mostly gold (which surprised me when it dropped the way it did, but I see it recovering and hitting new highs over the next couple of years), with RY, BCE and EIF being my main other larger holds - having sold and repurchased them at a lower price 2 weeks later.

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To: Theotokos who wrote (10630)3/29/2020 9:25:36 PM
From: explorationguy
   of 10654
I've been jumping in and out with swing trades. Teck.b is back down to 9 so I bought again. Oil companies will see more pain but lots of bargains out there. The market is watching China to see evidence they really are returning back to work. Once that happens I expect the recovery to start. CUU couldn't fill the best deal in a PP ever offered but have no credibility left that they can do something with Schaft Creek. It's make or break for them this year. Teck went dark on SC this year with no work planned. Either a deal is being worked or the awful truth about SC will come out .

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To: explorationguy who wrote (10631)3/30/2020 6:16:23 AM
From: Theotokos
   of 10654
In hindsight, I wish I had done more swing trades this month. I didn't anticipate the wild swings we have seen. Then again, we'll likely see more of that in April. Agree, lots of incredibly priced companies out there. I'm not sure a perceived recovery in China will help much (initially), except for some short term enthusiasm. I think the bigger picture will be America, and that the magnitude of what happens there - once it becomes apparent - will further erode the market.

I'm watching oil, but will stay away for a while longer - maybe until the Fall. Teck too - I think it will drop further. CUU is a joke. The only reason I watch it is for entertainment purposes. After all the money I foolishly lost on it, I figure that's the one thing it can give back to me.

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To: Theotokos who wrote (10632)3/31/2020 6:00:49 PM
From: louel
   of 10654
There are estimated 30 mines going to deplete their resourses abd close by 2040. Very little Copper in Warehouse storage. Perhaps a month when the economy ramps up again Just to stay even with current demand. It means they will have to open 14 new mines per year and of course we have all heard demand is projected to outstrip supply. Simply on population growth alone.
We know it takes five years construction time so the time fame hardly allows The majors to build. Depending on their situation. The most likely approach will be acquisitions of good resources both turnkey and the highest grade easy access juniors.
I see Nevada Copper Pumpkin Hollow, as a Target safe mining friendly State &country lower taxes easy access pretty well shovel ready.
My personal preference is Copper Mountain. 31 year mine life yet at Princeton BC And working on another much the same in Australia. Right next door to Teck Highland Valley Paid down a lot of debt over the last few years. And is under valued down from $7.50 now low 30 Cent range Still operating in the higher grade pits any rise in copper prices they can adjust to to lower grades and still be profitable. I believe it is on some majors list already Daily Trade volumes 350 000 to a million.
I am as of late inclined to go with those generating capital rather than those still trying to put it together.

I do hold KG and a coulple of others for the summer Drill program results rally and will sell then. That's my risk. Of course I still have SEK their still halted, Why ? don't reply to any inquiries I've sent Mabye it's a good thing at present.

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From: louel4/1/2020 10:33:34 PM
   of 10654

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From: louel4/3/2020 12:58:29 PM
   of 10654
I picked up a bunch of Western today at 60 cents and will add if it drops further. Trading 30% below fair value target 1 year is between 1 to $1.40 by any analyst. Dividend yield If I remember right somewhere between 12 and 14.8% Horgan gave the Company the monopoly on as much of the highest priced fiber on the west coast of BC Western red Cedar and Cypress. The company has the only six only mills on the Island which can cut the logs into lumber. Both of those species cannot be exported other than in lumber or ready for market form. Raw log export is denied if they can be profitably manufactured in the province.
The company price drop was largely due to the 8 month long strike now settled. Financials are i good shape and has among the highest rated management in the industry.

The CEO Don Demons was born into the sawmill industry into a family owned sawmill which was located under the Second Narrows bridge. CFO Stewart Williams formerly CFO of Interfor took the company from aan adams lake and another mill in the fraser valley to the Third largest Canadian forest company prior to being hired by Brookfield Asset management to come over to work with Western after they assumed it out of bankruptcy in 2008.
I have placed a subsequent order lower just in case it spikes down. WEF trades as you can see 1 to two million shares daily. It would not surprise now that WEF has ample timber going forward and not affected by the beetle epidemic, to see one of the majors or Jim Pattisson purchase WEF It has six fully modern mills an Canada and one in Washington plus a reman plant in Arlington Wa. both of which bypass US tariffs.
Secondly the New Union contract covers the next five years of operation. And the US department of Commerce says it intends to reduce the import duties on Canadian lumber from 20% to 4 % in mid August. Another Boon for WEF's profit line.

There has been a share buy back program in place which has reduced the outstanding float by near 20 million shares and is still ongoing. Former high was $3. Based on the float reduction alone without the added production facilities it would equate to a share price near $4.25 when the economy recovers.

That is also in line with normal forestry industry bull market trading values which has historically for over fifty years been 1.8 X BV per share Lumber unlike Oil and coal is one product which is not trying to be made obsolete People will always want homes. And in China or other Earthquake zones it is far superior to brick and mortar.

As s I'm in the dividend will help the wait. Always do your own research prior to making any investment decision.

That said I am not an investment adviser and never recommend any buy or sell It is your money and your decision If I have made errors in my assessment please feel free to point them out I'd appreciate it

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