Silicon Investor - The Ego Forum

[DJK1] $NXS.V $NXXGF News - Nexus Gold Discovers 3 New Gold Strikes tsxpennystocks.c...

DJK1 — 10/27/2016 12:10:29 PM

$NXS.V $NXXGF News - Nexus Gold Discovers 3 New Gold Strikes

tsxpennystocks.ca

[Willitsoar] Time to reopen forum for business !

Willitsoar — 7/4/2016 9:55:22 AM

[DJK1] Jay Taylor & LAD.V http://sectornewswire.com/release111815jaytaylor-lad.htm ...

DJK1 — 11/25/2015 8:19:22 AM

Jay Taylor & LAD.V

http://sectornewswire.com/release111815jaytaylor-lad.htm

"the Carolin Zone alone, an estimated 5.0 to 5.6 million tonnes grading between 4.2 to 4.8 gpt exists. In this resource there are 0.9 to 1.1 million tonnes grading between 8.0 and 9.0 g/t gold. And keep in mind there are underground adits already in place providing access to these resources"

http://www.newcarolingold.com

[DJK1] VTI.V - Fiber Optics & Digital Streaming Trading at the bottom Reports Q3 Sale...

DJK1 — 12/30/2014 10:44:14 AM

VTI.V - Fiber Optics & Digital Streaming

Trading at the bottom

Reports Q3 Sales

web.tmxmoney.com

[DJK1] $CXM.V Ahead of the Herd - Rick Mills "Carmax’s Eaglehead deposit has world cl...

DJK1 — 11/25/2014 12:55:17 PM

$CXM.V Ahead of the Herd - Rick Mills

"Carmax’s Eaglehead deposit has world class potential, your author believes it is the best early stage Cu-Mo-Au-Ag project in BC and all of Canada.."

aheadoftheherd.com

[SI Ron (Crazy Music Man)] Hello, We need a logo for your board. Could you please look up an image that w...

SI Ron (Crazy Music Man) — 11/20/2014 11:05:06 AM

Hello,

We need a logo for your board. Could you please look up an image that would be suitable for your board and upload it to the header? If you don't know how to upload it, give me a link to the image and I can upload it for you.

We are closing in on 600 logos.

Thanks
Ron

[DJK1] News November 18, 2014: Jevin Werbes, President of Carmax stated, "We are very ...

DJK1 — 11/20/2014 10:55:25 AM

News November 18, 2014:

Jevin Werbes, President of Carmax stated, "We are very pleased that DDH0124 has demonstrated the continuity of the copper mineralization between the East zone and the Bornite zone as well as intersecting significant copper mineralization associated with the southern edge of the chargeability signature in this area of the deposit. The 2014 drilling results support our interpretation that we are exploring a single, large porphyry system based on the positive correlation of the 4,500m long chargeability signature outlined in 2014 with the copper mineralization reported in the current and historical core logs. The potential size of the mineralized zone combined with the different metal associations identified to date indicates that a considerable amount of exploration is warranted."

Diamond Drilling Analytical Results:

The weighted average grades for DDH0123 and DDH0124 were calculated using a 0.10% copper cutoff grade as shown in the table below.

DDH ID	Azimuth	Dip	From (m)	To (m)	Interval (m)	Copper (%)	Molybdenum (%)	Gold (g/t)	Silver (g/t)	CuEq (%)
DDH0123	0	-65	42.67	538.00	493.33	0.10	0.003	0.05	0.56	0.16
		including	42.67	228.00	183.33	0.16	0.003	0.07	0.90	0.27
		including	124.00	148.00	24.00	0.60	0.005	0.11	3.33	0.74
		including	352.00	360.00	8.00	0.24	0.003	0.21	1.06	0.43
		including	430.00	446.00	16.00	0.27	0.003	0.28	2.16	0.52
DDH0124	215	-75	200.00	224.00	24.00	0.15	0.013	0.02	0.39	0.23
		and	274.00	288.00	14.00	0.14	0.004	0.01	0.41	0.17
		and	424.00	502.00	78.00	0.38	0.003	0.01	0.88	0.41

News October 14, 2014

Jevin Werbes, President of Carmax stated, "The results for these holes are a significant development in understanding the potential and size of the Eaglehead property. The thickness and styles of mineralization in these holes support the porphyry model and demonstrate that the mineralization is open at depth. Most importantly is the significant molybdenum and gold content in both drill holes at depth. The results of the 2014 drilling has extended the zones of mineralization and has returned higher average grades than those currently reported for the Eaglehead property."

Diamond Drilling Analytical Results:

The weighted average grades for DDH0121 and DDH0122 were calculated using a 0.10% copper cutoff grade as shown in the table below.


DDH ID	Azimuth	Dip	From (m)	To (m)	Interval (m)	Copper (%)	Molybdenum (%)	Gold (g/t)	Silver (g/t)	CuEq (%)
DDH0121	0	-60	29.87	551.08	521.21	0.23	0.013	0.06	0.91	0.37
		Including	29.87	308.00	278.13	0.21	0.003	0.02	0.51	0.25
		including	29.87	42.00	12.13	1.01	0.012	0.25	3.97	1.31
		and	308.00	551.10	243.10	0.27	0.025	0.09	1.36	0.48
		including	308.00	332.00	24.00	0.95	0.085	0.13	4.73	1.53
		including	438.00	518.00	80.00	0.22	0.036	0.15	1.12	0.53
DDH0122	0	-65	73.00	377.00	304.00	0.18	0.005	0.07	0.82	0.27
		including	141.00	257.00	116.00	0.28	0.010	0.14	1.20	0.43

[DJK1] Thanks hubris33, Yes Copper Fox owns 42% (that's a feather in CarMax's hat I...

DJK1 — 11/17/2014 10:41:54 AM

Thanks hubris33,

Yes Copper Fox owns 42% (that's a feather in CarMax's hat IMO to have that vote of confidence and their $$$$$), they have the Schaft Creek JV with the major Teck its in the same area.

Elmer Stewart CEO of Copper Fox is on the board of Carmax which IMO is very good, here we have the senior successful CEO from a project that Copper Fox sold to Teck for $60M for 75% ownership and Teck will develop and operate the Schaft Creek mine.

I speculate the Eaglehead property is being groomed for a similar transaction that TECK & Copper Fox have done.

The grades are within the mineable range for Porphyry deposits, this is a TONNAGE situation .....

The Eaglehead property hosts an NI 43-101 Inferred Mineral Resource estimate to contain 103.0 million tonnes at an average grade of 0.29% Cu, 0.010% Mo and 0.08 g/t Au.

The resource was estimated at a cut-off grade of 0.16% CuEq, to contain approximately 662 million pounds copper, 22 million pounds molybdenum, and 265,000 ounces gold.

The Mineral Resource is contained within two conceptual open pits covering the East and Bornite zones.

The Schaft Creek deposit host a Measured and Indicated Resource of 1,228.6 million tonnes grading 0.26% copper, 0.017% molybdenum, 0.19 g/t gold and 1.69 g/t silver and a 597.2 million tonne Inferred Resource grading 0.22% copper, 0.016% molybdenum, 0.17 g/t gold and 1.65 g/t silver. The above stated Proven and Probable Reserves for the Schaft Creek project are included within the stated Measured and Indicated Resources for this project.

As far as the CEO Jevin Werbes not sure if he's a Geo, however he did get Copper Fox to invest over a million $ in 2014.

SchaftCreek Deposit - TECK Resources TCK.T & Copper Fox CUU.V (resource estimate of 7.1 billion pounds copper)

Red Chris Mine - Imperial Metals III.T (reserves of over 300 million tonnes)

I like the chance that CarMax will have more tonnage as they did geophysics in summer and brought up a 4.5 KM anomaly which I think this indicates that it's not two zones ......... but one Large ZONE CarMax has .... some 4.5 Km long ........

Apparently there are two more drill holes to be announced form the 2014 summer drilling ….

Cheers !

[hubris33] Who can raise money in THIS environment? let alone an over-allotment? ...

hubris33 — 11/17/2014 9:47:31 AM

Who can raise money in THIS environment? let alone an over-allotment? ......................... .....................

Roxgold Announces Closing Of Over-Allotment Option

Toronto, Ontario – November 17, 2014 - Roxgold Inc. (TSX.V:ROG) ("Roxgold" or the "Company") is pleased to announce that the underwriters have partially exercised the over-allotment option in connection with the closing of the Company's bought deal financing previously announced on November 4, 2014. Pursuant to this over-allotment option, the Company issued today an additional 5,748,000 units at $0.65 per unit and 591,000 warrants at $0.04 per warrant, to raise additional aggregate gross proceeds of $3,759,840. The financing was co-led by Cormark Securities Inc. and BMO Capital Markets and involved a syndicate which included Macquarie Capital Markets Canada Ltd., GMP Securities L.P., RBC Capital Markets, Haywood Securities Inc., Canaccord Genuity Corp. and Raymond James Ltd

roxgold.com

[hubris33] Welcome back! er, what can you share about this company? I see it has a 42% ow...

hubris33 — 11/17/2014 9:45:02 AM

Welcome back!

er, what can you share about this company?

I see it has a 42% owner, Northern Fox Copper

How do those grades compare with active Cu mines?

With the depth starting at 300-meters deep, would this be an u/g mine?

Is the principle, Werbes, a mining guy or a Stan Bharti clone?

H3

[DJK1] CXM.V Expands 100M tonne Deposit & Reports 521m web.tmxmoney.com

DJK1 — 10/24/2014 10:51:17 AM

[Zincman] Rates gonna tic up...

Zincman — 9/27/2014 2:43:05 PM

[hubris33] What are the statistics? 1 in every 1,000 projects will become a mine? ...

hubris33 — 9/24/2014 3:14:13 PM

What are the statistics? 1 in every 1,000 projects will become a mine? .................. ..........

Gotta hate when this happens, as it goes against "the norm!"

Dalradian Starts Underground Exploration Program and Pre-Feasibility Study for Curraghinalt Gold Project in Northern Ireland

dalradian.com

[hubris33] Is it possible some of this is book-squaring or window dressing for the end of t...

hubris33 — 9/22/2014 2:43:03 PM

Is it possible some of this is book-squaring or window dressing for the end of the quarter?

Guess we'll know how deep the hole goes once we get into EOY PF re-balancing and tax-loss selling.

Might it be time on some of these dips to do some bargain hunting?

er, unless Norcini's chart support levels and doom & gloom predictions pan out.

I dunno. with all-in-sustaining costs (AISC) coming in at around 1100+ for many mines isn't there a natural floor there in POG? Guess we'll know if we are back t the good old days or 100 margins when the boyz start to sell forwards again!

[ames] Market's puking up miners and commodities today with flu-like fervor. Gotta cons...

ames — 9/22/2014 12:00:10 PM

Market's puking up miners and commodities today with flu-like fervor.
Gotta consult gravediggers to see a bottom here.

[LoneClone] Cove is nice but according to analyst reports I have seen accounts for only abou...

LoneClone — 9/19/2014 11:34:08 AM

Cove is nice but according to analyst reports I have seen accounts for only about 5% of total NAV. Still, it looks like it could some cheap near-term production well before Hardrock would begin generating income.

I am not enough of an expert to comment in detail on the technical aspects of Hardrock, but what I have read from those who are indicates your conjectures look very reasonable, particularly in terms of converting underground ounces to indicated and/or measured status. We may find out before too long if they release a revised resource estimate rather than waiting to release it as part of the FBS.

LC

[hubris33] Thanks for the reply - good trading there! Wonder if the SR of 6.2 and cut-of...

hubris33 — 9/18/2014 9:56:48 AM

Thanks for the reply - good trading there!

Wonder if the SR of 6.2 and cut-off grade of 0.5 in the O/P could be a concern? Seems like a model at 1250 POG is pretty close to or underwater to the current POG. Wonder what POG they would need to make those grades attractive? or is this like Malarctic - economies of scale?

Do you think the underground stuff at 5.40 gpt looks pretty good ? Do they have a chance to convert the u/g inferred to indicated and end up with 3M oz, or is reality less than that?.

Cove, now that they own the whole thing, with grades from 9.8 to 10.46 looks good too - they just need more ounces. I see a recent presentation on Cove.

Isn't the bet here to be on Schakus former Prez & COO of AEM.?

[LoneClone] I am fully loaded on PG as I replaced the shares I sold over $5 a few years ago ...

LoneClone — 9/17/2014 4:31:02 PM

I am fully loaded on PG as I replaced the shares I sold over $5 a few years ago under $1.50 last year.

Why does Hardrock make them a takeover candidate. Hardrock now has almost 8mm oz of gold with plenty more to be drilled up, and the PEA they put out earlier this year was more than good enough with a 23% IRR at $1250/oz.

That size of deposit with those kind of economics in a safe jurisdiction like Ontario would definitely interest the majors. That said, any such move might not happen till they release the FBS next year.

LC

[hubris33] Van Eck Associates has increased its position in Endeavour Mining Corporation ...

hubris33 — 9/16/2014 11:34:08 AM

Van Eck Associates has increased its position in Endeavour Mining Corporation (TSX:EDV) from 48,053,788 common shares to 55,107,061 common shares, representing approximately 13.34% of the outstanding shares.

endeavourmining.com

Hmmm, wonder what Van Eck sees in EDV that others don't?
Preping for the kick-off of a merger season?
Why would anyone wanna buy EDV.to? <g>

[hubris33] So would you add some PG.to here in anticipation of collecting a sale premium? ...

hubris33 — 9/16/2014 11:29:21 AM

So would you add some PG.to here in anticipation of collecting a sale premium?

How does the TransCanada project make them a t/o candidate?

[LoneClone] I started accumulating PG shares years ago because it looked like Goldcorp might...

LoneClone — 9/13/2014 12:49:29 PM

I started accumulating PG shares years ago because it looked like Goldcorp might take them over for their Red Lake properties. Then they became a takeover candidate again when they acquired what is now called the TransCanada project, but it looks more and more like there are willing to take Cove and TransCanada to production.

This perception probably means someone will buy them out shortly....

LC

[hubris33] Premier Completes Cove-McCoy Property Acquisition From Newmont premiergoldmines...

hubris33 — 9/12/2014 12:46:50 PM

Premier Completes Cove-McCoy Property Acquisition From Newmont

premiergoldmines.com

[hubris33] Mandalay Resources Corporation Provides Update on Challacollo Infill Drilling an...

hubris33 — 9/11/2014 9:06:37 AM

Mandalay Resources Corporation Provides Update on Challacollo Infill Drilling and Feasibility Study Progress

Brad Mills, CEO of Mandalay, commented, “The feasibility study launched in March of this year is on track for its intended conclusion in the first quarter of 2015. We have identified and hired an excellent management team for the project, who are conducting the geological, metallurgical, hydrological, infrastructure, environmental and cultural studies at the planned pace and cost.”

Mr. Mills continued, “Drilling results to date have demonstrated consistent continuity of mineralization and confirmed similar grades to those derived from previous drilling conducted by Silver Standard, from whom Mandalay purchased the project in February of this year. These drill results are also consistent with the Independent Technical Report and Mineral Resource estimated by RPA, published in January of this year. These new results give us confidence that the program will be successful in its objective of upgrading substantially all of the previously Inferred Mineral Resource to Indicated, ready to convert to Mineral Reserves once they are incorporated into a mine plan as part of a successful conclusion of the feasibility study.”

mandalayresources.com

[hubris33] Mandalay Resources Completes Acquisition of Elgin Mining The Plan of Arrangem...

hubris33 — 9/11/2014 9:03:06 AM

Mandalay Resources Completes Acquisition of Elgin Mining The Plan of Arrangement

Pursuant to the Arrangement, Mandalay acquired each outstanding Elgin common share (each, an "Elgin Share") in exchange for CDN$0.37 in cash (the "Cash Consideration") or 0.4111 of a Mandalay common share (each, a "Mandalay Share") (the "Share Consideration"), subject to pro-ration if the aggregate Cash Consideration would exceed CDN$27 million or the aggregate Share Consideration would exceed 50 million Mandalay Shares.

Based on valid elections received prior to the election deadline and deemed elections, shareholders of Elgin (the "Elgin Shareholders") elected to receive:

the Share Consideration in respect of 188,980,537 Elgin Shares (which, at 0.4111 of a Mandalay Share per Elgin Share, would result in aggregate Share Consideration of approximately 77.7 million Mandalay Shares); and

the Cash Consideration in respect of 4,461,519 Elgin Shares (which, at CDN$0.37 per Elgin Share, would result in aggregate Cash Consideration of approximately CDN$1.7 million).

Since the aggregate Share Consideration would otherwise exceed 50 million Mandalay Shares, all elections (including deemed elections) have been pro-rated in the manner described in the management information circular dated July 25, 2014 prepared by Elgin in connection with the Arrangement. This has resulted in the number of Mandalay Shares that each Elgin Shareholder exchanged for the Share Consideration being reduced by applying an approximate 64.358% pro-ration factor.

For illustrative purposes only, and using the example of an individual holding 1,000 Elgin Shares:

if such Elgin Shareholder elected to receive Cash Consideration in respect of all of their Elgin Shares held, the Elgin Shareholder would be entitled to receive CDN$370 (being CDN$0.37 for each Elgin Share); or

if such Elgin Shareholder elected (or was deemed to have elected) to receive Share Consideration in respect of all of their Elgin Shares, the Elgin Shareholder would be entitled to receive approximately 264 Mandalay Shares in consideration for a portion of their Elgin Shares and CDN$131.88 cash in consideration for the remaining portion of the Elgin Shares.

mandalayresources.com

[hubris33] Those crazy Harte Gold guys.... keep drilling? Huh? Why find more gold? What ...

hubris33 — 9/9/2014 2:31:20 PM

Those crazy Harte Gold guys.... keep drilling? Huh? Why find more gold? What good does that do ya? <g>

Harte Gold identifies source of Peacock Boulders
Reports 9.28g/t Gold over 6.25 meters at Wolf Zone
Identifies new Gold Zone

hartegold.com

But buried at the end of the NR was this "disgusting" info:

Bulk Sample
Harte Gold also announced it has begun the next phase of road work and site development related to its
permitted 70,000 tonne bulk sample. Harte Gold is involved in advanced discussions with mining
contractors for the provision of contract mining services. Site visits are scheduled for early October and
final contracts expected thereafter. Discussions with Barrick Gold Corporation (“Barrick”) indicate the
bulk sample may be processed at Barrick’s near-by Hemlo operations.

Huh? ABX processing a bulk sample? Doesn't that give ABX an "insider look" at the ore & property? What happens if ABX likes it and decides it wants to buy out Harte at a big premium? Then what?

Jeez.

[hubris33] "Cr@ppy" Geology gets worse....Roxgold Intercepts 39.6 gpt Gold Over 4.54 Meters...

hubris33 — 9/9/2014 2:22:16 PM

"Cr@ppy" Geology gets worse....Roxgold Intercepts 39.6 gpt Gold Over 4.54 Meters & Discovers New Structure

roxgold.com

[hubris33] Elgin Mining Shareholders Overwhelmingly Approve Plan of Arrangement with Mandal...

hubris33 — 9/7/2014 9:14:56 AM

Elgin Mining Shareholders Overwhelmingly Approve Plan of Arrangement with Mandalay Resources

TORONTO, ON, September 3, 2014 – Mandalay Resources Corporation (TSX: MND) (“Mandalay”) is pleased to announce that at the Special Meeting of the Shareholders of Elgin Mining Inc. (TSX: ELG) (“Elgin Mining”) held earlier today, Elgin Mining received overwhelming approval for the resolution approving the plan of arrangement (the “Arrangement”) pursuant to which Mandalay will acquire all of the outstanding common shares of Elgin Mining.
Of the 96,049,017 votes cast, 95,874,017 (or 99.82%) voted in favour of the special resolution approving the Arrangement (and 93,126,351 of 93,301,351 (or 99.81%) of the minority votes cast).

Under the Arrangement, Elgin Mining shareholders will receive in exchange for each Elgin Mining share, consideration consisting of C$0.37 cash or 0.4111 of a Mandalay common share, subject to proration to a maximum of 50,000,000 shares and maximum of C$27 million cash.

Subject to the satisfaction or waiver of all remaining closing conditions, Mandalay currently expects the closing of the Arrangement to take place on or about September 10, 2014.

mandalayresources.com

[hubris33] 13 for 13 Portfolio - Through 8-months 2014 ...................... ...

hubris33 — 9/1/2014 10:58:13 AM

13 for 13 Portfolio - Through 8-months 2014 ...................... ........................... .....................

So how is your PF performing this year?

Looks like on balance most shares of these PM stocks were down from the July close. Jrs seeing a rise in June that expanded and held in July only to fade out in August. Notable exceptions are the one stock that remains in negative territory for the year, AR.to which made a nice move toward positive on the year. EDV.to and HL ended up on the month and RTG.to made a nice jump up during the month.

[hubris33] Argonaut Gold Receives Consensus Rating of “Buy” from Brokerages Argonaut Gold...

hubris33 — 9/1/2014 10:36:47 AM

Argonaut Gold Receives Consensus Rating of “Buy” from Brokerages

Argonaut Gold (TSE:AR) has earned a consensus recommendation of “Buy” from the eight ratings firms that are presently covering the company, American Banking News.com reports. Two analysts have rated the stock with a hold rating and six have given a buy rating to the company. The average twelve-month price target among brokerages that have covered the stock in the last year is C$6.46.

Argonaut Gold ( TSE:AR) opened at 4.45 on Friday. Argonaut Gold has a 52 week low of $3.43 and a 52 week high of $7.44. The stock has a 50-day moving average of $4.08 and a 200-day moving average of $4.49. The company’s market cap is $687.2 million.

Argonaut Gold (TSE:AR) last issued its quarterly earnings data on Friday, August 15th. The company reported $0.01 earnings per share for the quarter, missing the analysts’ consensus estimate of $0.02 by $0.01. On average, analysts predict that Argonaut Gold will post $0.12 earnings per share for the current fiscal year.

Several analysts have recently commented on the stock. Analysts at Scotiabank reiterated an “outperform” rating on shares of Argonaut Gold in a research note on Monday, August 25th. They now have a C$6.00 price target on the stock. Separately, analysts at Desjardins reiterated a “buy” rating on shares of Argonaut Gold in a research note on Wednesday, July 16th. They now have a C$5.00 price target on the stock, down previously from C$5.50. Finally, analysts at Canaccord Genuity cut their price target on shares of Argonaut Gold from C$6.50 to C$6.00 in a research note on Thursday, July 10th. They now have a “buy” rating on the stock.

Argonaut Gold Inc ( TSE:AR) is engaged in gold mining, mine development and mineral exploration activities at gold-bearing mineral properties in the Americas.

intercooleronline.com

[hubris33] RE: DNA ...............from the Belfast Telegraph............. ...

hubris33 — 8/21/2014 11:20:52 AM

RE: DNA ...............from the Belfast Telegraph............. ......................... ..........

Might not be an easy permit, but we'll see.... especially with inflammatory headlines like this one....

Tyrone gold: Dalradian denies claims of environmental damage

By Clare Weir – 20 August 2014

The Department of the Environment has dismissed claims that the proposed gold-mine at Curraghinalt in Co Tyrone will damage the environment.

Responding to the plans of Dalradian Resources, Friends of the Earth Northern Ireland director James Orr said gold-mining can be a "very destructive" industry requiring strict regulation.

He said the proposed development would damage a special area of conservation (SAC) close to Owenkillew River.

However, a spokeswoman for the department said that while the site was close to Owenkillew SAC, it was not inside it and that an environmental statement on its potential impact was not required.

"Following a comprehensive consultation process, the department determined that the proposal did not require to be accompanied by an environmental statement and found no likely significant environmental impact."

Dalradian has said that a bulk sample – the removal of a large sample of rock for testing elsewhere – is temporary, short-term and reversible, therefore an environmental impact assessment (EIA) was not required. But company chief executive Patrick Anderson told the Belfast Telegraph that a full EIA would be carried out as part of the process of permitting a full-scale commercial mine at Curraghinalt.

Enterprise Minister Arlene Foster said that the decision by Dalradian to expand its Tyrone operations was good news for the economy and that the firm could easily have chosen to base staff in Canada.

It has emerged that Dalradian was one of the companies which took part in a major investment conference in Belfast last year.

"The company had the option of locating these jobs in Toronto but was swayed by Northern Ireland's cost-effective business environment and the support offered by Invest NI," she said. "I first met with Dalradian Resources last year on a visit to Canada and I very much welcome that those initial talks... have led to this investment. The company is looking to develop the first underground gold-mine in Northern Ireland and this offers a unique opportunity to introduce specialist skills and sophisticated international resource investment into our important professional services sector."

belfasttelegraph.co.uk

[hubris33] RTG ANNOUNCES GRANTING OF THE BUNAWAN EXPLORATION PERMIT ..........

hubris33 — 8/21/2014 10:57:27 AM

RTG ANNOUNCES GRANTING OF THE BUNAWAN EXPLORATION PERMIT ...................

rtgmining.com

The Bunawan Project is a highly prospective high grade gold exploration project, situated contiguous to the existing high grade Co-O mine owned by Medusa Mining Limited.

from Co website:

Bunawan Project The Bunawan Property comprises two tenement applications (in multiple parcels totalling 5,566 ha) in the Agusan del Sur province approximately 190km north-northwest of Davao and adjacent to the Davao-Surigao highway. The tenement areas cover multiple known gold occurrences with significant artisanal mining activity in the Red Mountain to Muhunoc district around the Mahunoc diatreme.

The setting is considered very favourable for low sulphidation epithermal gold deposits and shows strong similarities to the nearby operating high grade Co-O gold mine.
The current key targets at Bunawan are located on EXPA-037. All requirements for conversion to an Exploration Permit have been completed, including getting the local Indigenous People’s approval.

There are a number of highly prospective targets situated within a 1km strike of +200ppb Au soil anomaly which will be drilled once the EP is approved.

[LoneClone] It's not a lot of money, but I take that funding as a symbol of how much the loc...

LoneClone — 8/19/2014 6:42:18 PM

It's not a lot of money, but I take that funding as a symbol of how much the locals want DNA to get the mine ready to be built. (I am assuming they will do as indicated and sell it before actual construction begins.)

LC

[Veteran98] DNA... Dalradian receives funding from Northern Ireland Ticker Symbol: C:DNA ...

Veteran98 — 8/19/2014 9:26:23 AM

DNA... Dalradian receives funding from Northern Ireland
Ticker Symbol: C:DNA

Dalradian receives funding from Northern IrelandDalradian Resources Inc (C:DNA)
Shares Issued 139,785,483
Last Close 8/18/2014 $0.88
Tuesday August 19 2014 - News Release

Mr. Patrick Anderson reports

DALRADIAN RECEIVES POUNDS STERLING326,000 INVESTMENT FROM NORTHERN IRELAND GOVERNMENT TO SUPPORT CURRAGHINALT PROJECT

Invest Northern Ireland has offered over 326,000 pounds sterling (approximately $590,000) of support for jobs and associated training to support precommercialization work at Dalradian Resources Inc.'s Curraghinalt gold deposit. Invest NI's support is part financed by the European Regional Development Fund.

Northern Ireland's Enterprise, Trade and Investment Minister Arlene Foster said: "The decision by Dalradian Resources to expand its Tyrone operations is good news for the local economy. The company had the option of locating these jobs in Toronto but was swayed by Northern Ireland's cost-effective business environment and the support offered by Invest NI.

"I first met with Dalradian Resources last year on a visit to Canada and I very much welcome that those initial talks, combined with the company's attendance at the Northern Ireland Investment Conference last October, have led to this investment. The company is looking to develop the first underground gold mine in Northern Ireland and this offers a unique opportunity to introduce specialist skills and sophisticated international resource investment into our important professional services sector."

Patrick F.N. Anderson, Dalradian's CEO, commented: "Our Board, which has developed mining projects all over the globe, is focused on the Curraghinalt deposit in Northern Ireland because it has the right combination of geology, infrastructure, workforce and a business-friendly government. To date, the gold deposit has responded exactly as we'd hoped; as we've invested, it has grown and the preliminary economic assessment is very positive. This next phase of underground exploration, which will be managed and operated out of our Tyrone facilities, will take us through the more advanced economic assessment required to reach a mine construction decision.

"We appreciate the support we've received from all levels of government as well as the local community. In return, we're committed to helping to create a new industry in Northern Ireland, to hire locally and build up specialized mining skills through training over the next several years. Ultimately, we believe Northern Ireland can support a vibrant mining sector with well-remunerated jobs."

We seek Safe Harbor.

[hubris33] Roxgold - One step closer to Mining. Gets Key Environmental Permits. ...

hubris33 — 8/19/2014 8:31:15 AM

Roxgold - One step closer to Mining. Gets Key Environmental Permits. ...................... ..............

roxgold.com

See in particular the time line of "goals" the company has laid out for this project - these are always good ways to measure the quality of management. Goals management set for itself ought to be 'no brainers' so when they start missing the goals as the excuses pile up...

Anyway Roxgold is entering that traditionally "boring" phase of mine development.

[hubris33] LOL! Good eye! Should we be grateful they aren't wasting any money on a profes...

hubris33 — 8/17/2014 10:09:06 PM

LOL! Good eye! Should we be grateful they aren't wasting any money on a professional PR person to come up with catchy headline phrases?

Kinda hard to take these companies that keep coming up with decent grades! <g>

But need to put those grades in perspective......

The RTG 1-3 gpt Au isn't anything to write home about on its own, though it is higher than the reserve grade, 1.06 gpt, that Osisko had and AEM/AUY now holds at the Canadian Malartic operation. Also RTG grades are higher than the grades that AR.to has at el Castillo Mine in Mexico @ 0.36 gpt and the Magino Project in Ontario @ 0.9 gpt.

But wait! There's more.... RTG also has Copper, Cu in that there rock! Grades of Cu at 1% to2+% are better than the world's largest mine Bingham Canyon at 0.46% and even better than McEwen' Argentinian play at 0.63%!

Oh and there is some Iron, (Fe) in there too for RTG in the 43-54% Fe range! That compares to the 45.3% at the Iron Mountain Mine operation that Palladon Ventures use to own.

So each of these reported concentration values RTG has are good enough grades to match or exceed that which other miners are working with, most making a profit! Is this a treble?

.
.
.
.
.
..
.

1. Bingham Canyon
infomine.com
2. McEwen Mining - Loz Azules
mcewenmining.com
3. Canadian Malartic
yamana.com
4. Argonaut Gold - el Castillo & Magino
argonautgold.com
5. Palladan, Iron Mountain
palladonventures.com

[LoneClone] RTG needs to come up with a new headline; their last two PRs used the exact same...

LoneClone — 8/15/2014 5:57:10 PM

RTG needs to come up with a new headline; their last two PRs used the exact same one...

LC

[LoneClone] I bought most of my DNA shares early last year, and picked up the regular warran...

LoneClone — 8/15/2014 5:52:50 PM

I bought most of my DNA shares early last year, and picked up the regular warrants on the first day they were available.

What reassures me about that designation is that from what I have read the locals REALLY want the mine to go ahead. My brain won't cough up the name of the other Canadian-based company that is already mining gold in Northern Ireland, but I do recall their experience with the local residents and authorities has been very good so far.

LC

[hubris33] RTG.to up 24% today! RTG announces high grade intercepts at Mabilo Project. ......

hubris33 — 8/14/2014 10:26:50 PM

RTG.to up 24% today! RTG announces high grade intercepts at Mabilo Project. ....................... .......

16 meters at 2.84 g/t Au, 3.04% Cu and 45.89% Fe, Approximately 9.0 g/t Au equivalent
20 meters at 1.96 g/t Au, 2.84% Cu and 43.24% Fe, Approximately 7.8g/t Au equivalent
64 meters at 2.96 g/t Au, 7.91% Cu and 44.57% Fe, Approximately 17.3 g/t Au equivalent

eh, who wants this "low grade" cr@p? Give me 0.9gpt any day! .............................. . NOT!

Read it and weep....

rtgmining.com

[hubris33] Hi LC, glad to see you got some of the DNA religion. Talk about some risk capit...

hubris33 — 8/14/2014 10:20:44 PM

Hi LC, glad to see you got some of the DNA religion. Talk about some risk capital.... those warrants should be an interesting ride. Let us know how you make out!

DNA geology is part of what makes it a good play. Double digit gold grades in a time when companies were battling it out over a sub 1 gpt deposit (Osisko)?

But it isn't all smooth sailing. The mine sits in an area of Ireland that holds an "area of exceptional beauty" designation. That is gunna mean some extra expenditures for screening and noise abatement, but should be doable.

[LoneClone] A new DNA warrant starting trading this week. Expires July 31, 2017 with strike...

LoneClone — 8/7/2014 7:25:12 PM

A new DNA warrant starting trading this week.

Expires July 31, 2017 with strike price $1.50.

I ditched my SSL.WT.A and picked up some of these -- DNA.WT.A

LC.

[LoneClone] FWIW, Canaccord just maintained DNA as a Spec Buy and upped their target to $1.6...

LoneClone — 8/5/2014 6:07:39 PM

FWIW, Canaccord just maintained DNA as a Spec Buy and upped their target to $1.65.

LC

[LoneClone] A bunch of the familiar names around here and some analysts who usually make goo...

LoneClone — 8/5/2014 5:40:07 PM

A bunch of the familiar names around here and some analysts who usually make good calls are all waiting for the DNA shares and especially the warrants to get going. It really does not look like a no-brainer, but you never know.

LC

[hubris33] Clive Johnson just dumped and additional $500K into Calibre (CXB.v) its JV partn...

hubris33 — 8/5/2014 12:47:30 PM

Clive Johnson just dumped and additional $500K into Calibre (CXB.v) its JV partner in Nicaragua.

Maybe that is how he gets exploration done cheap?

Wouldn't think Clive would make a habit of tossing money down a rat hole? Maybe there is something to look at here?

[hubris33] IS this a 'No-Brainer' or am I missing something? ...............

hubris33 — 8/2/2014 12:06:38 AM

IS this a 'No-Brainer' or am I missing something? ................ ............................

Dalradian, DNA.to has a PEA out on the Curraghinalt Deposit in N Ireland....

Per the PEA, project is valued at NPV of $681MM to $350MM depending on Discount Rate [5% to 11%].

With 109MM shares outstanding, that gives a range of share prices of 3.20 to 6.23! or a 4 to 8 bagger from here.

Guess the rest of the "value" has not been assigned by the market as it is a "risk discount." Perhaps some investors are waiting to see the project derisked: a Bankable Feasibility Study, the project financed and a construction schedule, before committing capital?

So if one has a long time frame and the "risk tolerance" for the above uncertainties.

Geology and Management drive this one. Great grades and BOD with a Who's Who.

But then again, wdik? I was pounding the table on BTO.to when it was GGG and the Bellavista Mine was sliding down the Costa Rician hill. Jeez!

[hubris33] 13 for 13 PF Status YTD ......................... ...

hubris33 — 8/1/2014 3:05:34 PM

13 for 13 PF Status YTD ......................... ................................ ...............................

[hubris33] Quick CF Model on SFEG............ .................. ...

hubris33 — 7/27/2014 3:04:41 PM

Quick CF Model on SFEG............ .................. .................

On a VERY conservative basis:

Realized POG @1250/oz rather than the 1300/oz projected by the company. Escalating by 2%/yr puts POG at 1300/oz in 2016.
Assumed cash costs @ 650/oz versus projected 500, a 30% increase.
Assumed G&A at 2011 levels, escalating by 3%/ yr ( I hope they are able to pare head shed costs!)
Assumed Depreciation at 2013 levels
Unknowns are Sustaining CapEx and Finance Expense, so made conservative assumptions there.

All of that figured in to get an NPV and with 177MM sh out (the prior 111M + issued 66M) and we can still see nearly a double in share price from here.

[hubris33] Something to consider................ .....................

hubris33 — 7/27/2014 11:02:19 AM

Something to consider................ .......................... .........................

Long ago, I was a fan of SFEG, Sante Fe Gold. Picked that one up after a review of a list of juniors that Sandstorm Resources had invested in. I liked the grade on the project, but could not find much about the Management.

In doing my DD I was always frustrated that while producing, SFEG never reported "cash costs." In fact with the convoluted gold payments that it owed Sandstorm and other debts it was nearly impossible to tell EXACTLY how much gold these guys were making. Things weren't reported the way most Gold companies do in their SEC filings. I called down to the company at one point and talked to the CFO - he was unable to tell me why they didn't report "cash costs." I also spoke to the Corporate attorney, the CEO's son, at one point and he seemed to be unwilling to talk specifics without authority from Pierce Carson (his Dad).

At that point I should have seen that as a RED FLAG and jumped out of the investment. But hey! Paid some "tuition" in the school of life with that one.

But now there is news out of SFEG! The BOD dumped the Prez & CEO, Pierce Carson, in June. What is unusual to see in the PR was the phrase "for cause". I note in a subsequent PR or presentation, SFEG mentions "mismanagement" as the reason for past problems. Again, pretty harsh.

But the interesting news is that SFEG just did a strategic share swap with Carnac Resources. Now Carnac is a name that has been on the watch list for a long while since it is a child of Bradford Cooke. Cooke if you will recall is the dude who bought up some old tinker toy-sized silver mines and created the 13 for 13 favorite Endeavour Silver (EXK).

Now Bradford Cooke is the Chmn of SFEG. He has brought with him a team of experienced mine builders and operators. Their goal is to restart the Summit Mine and the Lordsburg Mill. This looks to be the exact same thing that he did with EXK - buy a shuttered silver & gold mine that under performed, figure out how to run it efficiently, start generating some CF & profits and use that as a basis for growth.

Now if you brought me a project that was presented as a "mine to build/growth" I'd take a long look at it with a jaundiced eye. Have seen many companies start with that business model only to implode and take investors with them. VERY FEW that start with that model actually make it. So I guess that risk exists here. What intrigues is the fact that SFEG now has a "been there, done that" management team. There are many similarities with the EXK story. Additionally, SFEG is already using contacts/resources developed by EXK.

So what is the rest of the story? SFEG is looking to restart the Summit Mine and reach a rate of 30,000 opy. Average reserve grade is 4.0 gpt of Gold and 9.7 OUNCES per ton (301.67 gpt) of silver. That works out to a Gold Equivalent head grade of 8.8 gpt! (63 Au:Ag ratio). Mine life is 5 years on existing 2P Reserves, with enough resources, if converted, to extend that to 7 years. Of course, like the EXK model, there is exploration potential at the mine.

In addition, SFEG owns the Ortiz Project that has a PEA as of June 2013. That PEA reports a 9 year life, annual production of 100,000 opy, Ops cost of $684/ oz , an IRR of 25.5% and a NPV of 215MM. The project is being currently permitted and should be fully permitted in 2015 - just about the time that the Summitt Mine is hitting its stride.

The key however to this restart is Cooke's ability to raise $22MM for restart costs. So there is am opportunity for a few individuals, with some cash to burn: SFEG will be issuing 8% gold bonds due in 2018 and which are redeemable in cash or gold ETF. I like the fact that SFEG thinks it can pay off the Bonds in 4 years!

So do your own DD on this one. Throw eggs here. all fwiw.

[ames] Just getting back to breakeven on Klondex and rarin' to go. Don't understand the...

ames — 7/21/2014 5:11:20 PM

Just getting back to breakeven on Klondex and rarin' to go. Don't understand the "recovered" anomaly.
Suspect a test batch or semi-construction maneuver (?)

Harte Gold (a hubris blue plate special) has been rocking & takes patience to acquire w/ the limited liquidity.
Roxgold also vigorous.

Yamana is dirt cheap and pays a div.

BTG continues to tantalize the palette (!)

[hubris33] BTG merger with Papillion. Plant could add 300K opy to production profile? C...

hubris33 — 7/18/2014 11:59:39 AM

BTG merger with Papillion.

Plant could add 300K opy to production profile?

Currently in the 400K opy range.
Otjikoto adds 140-170 opy.

Here's what the future looks like. Is there any growth here?

Oh and the JV with AU is still out there, Gramalote.....>300K opy

[hubris33] Klondex: Tonnes mined +144% AU EQ Oz Recovered +38.5% My question is, why the ...

hubris33 — 7/18/2014 11:34:33 AM

Klondex:

Tonnes mined +144%
AU EQ Oz Recovered +38.5%

My question is, why the discrepancy?

Endeavour

Results look good....

~$29.5MM CF potential, reports $1059 as an AISC, not "cash costs"

I note costs last Q at Bharti's old Tabakoto mess remain high (i.e. >POG). That needs to be corrected FAST! No need to legacy Ops to fund a loser. Make it work or sell it to GOLD.

BTW - ames, thanks for the posts here & sharing ur info! kudos on LSG!