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Assistants hamvestor goforthebet Mason07 |
Strongest potential junior exploration stocks and/or junior producers (in no particular order):
FFMGF, GLDLF, SSP.V: Large amount of low grade ore. Need $1400 + price of gold to be profitable and get mines built IMO. Good leveraged plays for when the price of gold rises.
First Mining Finance // FFMGF // OTC, also FF // TSX
Excellent management (Keith Neumeyer - CEO First Majestic Silver Corp, owns 10 million shares himself)
Many properties in Canada, US, and Mexico
Is a “mineral bank” with15 million ounces of gold in ground plus other minerals. Company has been buying up properties during the bear market, now wants to partner for people to explore and develop them. Buying gold properties that will be profitable at $1200 gold, huge upside with big rise in gold prices. Focused on buying high grade ore properties.
535 mil shares outstanding, 615 mil shares fully diluted.
https://www.firstminingfinance.com/ https://www.firstminingfinance.com/investor-center/presentations Quick summary: https://www.youtube.com/watch?v=Z5jXsEqzkVc CEO interview (Sept 2016) https://www.youtube.com/watch?v=RNlyv9t2Esc
Ihub board http://investorshub.advfn.com/First-Mining-Finance-Corp-FFMGF-30023/ ;
Gold Mining Inc // GLDLF on OTC // GOLD.TO on TSX
Multi-million ounce gold resource • Portfolio of highly prospective gold and copper projects • Located in mining friendly jurisdictions in the Americas • Significant exploration and expansion potential
9.5 Moz M&I RESOURCE 11.7 Moz INFERRED RESOURCE
25% held by insiders, 35% instiutuional holdings, Amir Adnani is the Chairman
Sand Spring Resources // SSP.V on TSXV // SSPXF on OTC
in Guyana (South America), English Speaking, use British Common Law
Toroparu deposit 10 mil oz Au low grade ore ~0.64-1 g/t open pit model. Downside is high cap ex (~500 mil to start). Improving leverage with rising gold price: IRR $1200 gold = 18.9%, $1400 = 27.2%, $1750 = 40%
Have a streaming deal with Weaton Precious to fund some of start up, also looking at building their own hydro plant.
Mawson Resources // MWSNF // also MAW.TO // TSX // also on Frankfurt
100% owned Rompas/Rajapalot project in Finland’s Arctic area. Near surface, 65 km of claims
90 mil outstanding shares, 111 mil fully diluted
Owners: The Sentient Group 35%, Areva 5%, other institutional holders 21%, Insiders 6.2%
4.1 mil cash in hand. No NI report but currently drilling, should be on by late 2016/early 2017. Has some really high grade gold drilling intercepts and rock grabs so far
Low market cap, Good upside potential, little more risky because not fully defined yet. Should make a big move when NI report hits.
Ihub board: http://investorshub.advfn.com/Mawson-Res-Ltd-MWSNF-19364/ ; http://mawsonresources.com/
Gold Quest Mining Corp. // GDQMF // OTC, also GQC.V // TSX, also listed in Frankfurt
Owns Romero Gold and Copper mine in the Dominican Republic, discovered multimillion oz gold deposit in 2012. Located in the Tireo Formation, over 50 km in length and underexplored. Have Au, Ag, Cu, and Zn in deposit.
Total indicated resources 1.65 mil oz Au @ 2.6 g/t , (2.38 mil oz AuEq), Inferred 0.53 mil oz Au @ 1.64 g/t, (0.79 mil oz AuEq.
Dominican Republic - No gov royalties, 32% taxes.
Good mgmt team. Helped take Aurelian Resources from $0.15 to $40 over a two year period with a very good property.
10,000 m drill program began in Aug 2016
Pre-feasibility due in Sept 2016, Permitting in progress.
2015 PEA @ 34% IRR and $572/oz AISC (All in sustaining costs) - very low! 9 mil cash on hand.
210 mil shares outstanding, 243 mil fully diluted http://www.goldquestcorp.com/
Fall 2018 - Tied up with regulary issues; not investable until they get government to greenlight the project IMO
Yukon territory all stars: ATC, GPY & WGO
On September 2, 2017 the $360M Yukon Resource Gateway Project was announced. The project will upgrade over 650km of road including four separate public road systems in the White Gold District, and build or replace numerous bridges, culverts, & stream crossings
ATAC Resources LTD. // ATADF // OTC, also ATC.V // TSX
Canadian exploration company located in the Yukon wilderness. 100% owned Rackla Gold project is a 1,700 sq/km area that has 2 trends: Rau and Nadaleen. In 2010 ATAC discovered Canada’s first Carlin-type gold ore. (This is a sedimentary gold ore that makes gold extraction at much lower g/t ore possible.) There are multiple areas in this project
Nadaleen area:
1. Osiris Cluster (12km2 area that contains the Conrad, Osiris, Ibis and Sunrise zones.)
All 4 zones have drill confirmed Carlin-type mineralization. 74k meters of drilling done over 231 holes in this cluster. Mineralization has been traced over a 1.2 km length (through an entire mountain.)
a. Conrad area is the most advanced project with 42k m drilled so far. Intercept as high as 20.5 g/t Au (most of the intercepts are in the 3-6 g/t range, with a few big numbers mixed in.) Upper Zone strike length of 800 m is still open along the strike. Middle Zone strike length is 300m and open along strike and at depth. Newly discovered Lower Zone is largely unknown.
b. Osiris Zone has 14km over 59 holes. 750 m strike length, that is open along strike and at depth. Some listed results look like they are in the 1-5 g/t range with a few bigger numbers up to 11.1 g/t.
c. Sunrise Zone has 4.2 m over 19 holes drilled. 215 m strike length open at depth. Results look to be in the 3-10 g/t range. 6 holes with no results.
d. Ibis Zone has 6.5k m over 26 holes. 200m strike open at depth and along strike. 1-6 g/t for most intercepts with some in the lower teens.
2. Anubis Cluster also in the Nadaleen area 18 sq/km area. Also Carlin type ore. Spotty drill results ranging from 1-5 g/t with a high of 19.8 g/t. Not well explored well.
3. Rau Trend defined to a length of 20 km. Located 48 km from a highway and the Keno Hill Mining District – second largest silver producer in Canada. Mixed types of ore. Tiger deposit is the most well explored with a 0.7 – 5 g/t range, a single high of 24 g/t. Tiger zone: Indicated 508,000 oz Au @ 2.2 g/t, 846,000 oz Ag @3.7 g/t; Inferred 290,000 oz Au @ 1.09 g/t with 250,000 oz Ag at 0.94 g/t.
They also have 5 other properties that they are looking to option out for further work.
123 mil shares outstanding, 132 mil shares fully diluted. 19 mil cash! http://www.atacresources.com/
White Gold Corp // WGO.V on the TSX // WHGOF on NASDAQ international
Two deposits with historic resource estimates: (Sept 2018)
Golden Saddle: ~1M Oz Au at a grade of 2.7 g/t
Arc Zone: 170k Oz Au at a grade of 1.21 g/t
Aggressive program underway to expand
established resource and test new targets
- good high grade hits in a completely new zone in the most recent PR (56.25 g/t Au over 3.05m from 3.05m depth, within a broader intercept of 17.34 g/t Au over 10.67m and 45.00 g/t Au over 3.05m from 1.52m depth, within a broader intercept of 9.65 g/t Au over 15.24m).
They have a good share structure with a lot of strong shareholders 19.9% Agnico Eagle and 19.9% Kinross Gold and 15+% insider ownership.
Golden Predator Mining Corp // GPY.V on TSXV // NTGSF on OTC
The 3 Aces Project : Drilling the Veins Drilling Within 13.5km2 Central Core Area • Over 20,000m drilled to date - Reverse Circulation Holes and Diamond Core Holes • Approx. 300 drill holes to date: • 112 holes (37%) with an intercept of 5g/t gold or more • 83 holes (27%) with an intercept of 8g/t gold or more
776 metric tonne sample taken from the Spades Zone at the Central Core Area (2016) • Yielded 29.654 kg (953.4 troy ounces) of fine gold • Total gravity recoverable gold ~ 83% (19) • Additional gravity processing using a Falcon concentrator ~ 94%
Brewery Creek Indicated 719,000 Oz Au @ 1.27 g/t + Inferred Resources: 825,000 Oz Au @ 1.18 g/t
Eastmain Resources // EANRF // OTC, also ER.TO // TSX
Canadian company with 3 projects in James Bay Quebec region. 8 other significant land packages. Very good region for mining, already has significant infrastructure built in this area.
Eau Claire (Clearwater project): M&I: 951,000 oz Au @ 4.09 g/t Inferred: 633,000 oz Au @ 3.88 g/t 99,000m drilled 2011-2013, started drilling here in late 2015 (13K m) and 63K m planned for 2016 ($8.8 mil budget). Has open pit potential.
Eastmain Mine: $40 mil invested by previous owners on exploration and development. 40K oz Au minined in 1995 @ 10.5g/t, have resources of 255,000 oz Au @ 10 g/t. 2016 exploration program of $1.5 mil.
Eleonore South JV property (Eastmain 36.7%, Goldcorp 36.7%, Azimut 26.6%) High grade grab samples (11.6-142 g/t Au). Near Goldcorp's Elenore mine (8 mil oz Au) 2,500 m drilling planned for end of 2016 and 2,500 m in early 2017.
Good experienced mgmt.
Top major shareholders: Polygon 9.7%, Goldcorp 6%, RBC Asset Mgmt 2.3%, 10 others with 0-2%. Insiders own 3%, Retail is 51%
175 mil shares outstanding, 191 mil fully diluted 18.1 mil cash on hand. http://www.eastmain.com/
This company owns the other half of Eastmain/Goldcorp/Azimut Éléonore South property: the Cheechoo discovery.
Wallbridge Mining Co. // WM.TO on TSX
Fenelon high grade gold project in Abitibi, Quebec. Restarting a previously working mine, already have some of the ramp and upper infrastructure built.
2016 Acquisition and Resource -High-grades (12.97 g/t) -93% M&I, near workings -Above 100 metres depth.
2017 Pre-Feasibility Study -92% IRR -9.3 g/t diluted head grade -Low capital cost (~$5.2M)
2018 35,000 t Bulk Sample -Milling agreement signed -Permits received -Development underway -In-fill and Exploration drilling underway (18,000 m planned) 137.63 g/t gold over 4.85 m (Sept 05, 2018 press release) 144.96 g/t gold over 2.12 m (Sept 05, 2018 press release) 49.06 g/t gold over 10.13 m (Aug 28, 2018 press release) 29.23 g/t gold over 4.80 m (Aug 14, 2018 press release) 35.91 g/t gold over 3.42 m (July 25, 2018 press release)
2019 Complete Bulk Sample Production Decision pending bulk sample results Permitting for commercial operation Resource Expansion Drilling (Surface and U/G, 50-75,000 m planned)
Exploration Target of 600,000 – 800,000 ounces gold
High grade deposit ~ 1 mil oz gold, 34% IRR, AISC $579 - in Guatemala - CapEx $196 million, projected 113k Au production/yr for 8 yrs
Atlantic Gold Corp // SPVEF // OTC, also AGB.V // TSX
http://www.atlanticgoldcorporation.com/_resources/presentation/corporate_presentation.pdf
Minera Alamos Inc. // MAI.V // MAIFF
Spanish Mountain Gold // SPA.V
Large amount of low grade gold ore in British Columbia, AISC $650. Mine likely won't be built unless gold prices rise significantly. Market cap is only 16 million 8/27/18. Could be a good buy if/when gold breaks $1400 level
Silver miners
Hecla Mining Co. // HL // NYSE
Large cap silver producer. Has 4 producing mines in North America (Canada, US, and Mexico). Largest silver producer in US, 3rd largest lead and zinc producer in US. Also have many exploration and pre-development projects.
175 million oz Ag silver reserves, has some of the lowest Ag and Au reserve prices. Also 2 mil oz Au reserves. Measured and Indicated resources: 161 mil oz Ag, 4.6 mil oz Au.
Ihub board: http://investorshub.advfn.com/Hecla-Mining-Co-HL-6097/ ; http://www.hecla-mining.com/
First Majestic Silver Corp // AG // NYSE, also FR.TO // TSX
Large cap silver mining co. Canadian based, mines in Mexico. 6 producing mines (100% owned) + 2 advanced stage silver projects.
Good management, CEO (Keith Neumeyer) owns 3.3 million shares.
Total reserves: 100 mil oz Ag (135 mil oz AgEq), Measured and Indicated 115 mil oz Ag (156 mil oz AgEq), Inferred: 184 mil oz Ag (271 oz AgEq)
164 mil shares outstanding, 174 mil shares fully diluted.
Ihub board: http://investorshub.advfn.com/First-Majestic-Silver-Corp-AG-16471/ ; http://www.firstmajestic.com/en
Southern Silver Exploration // SSVFF // OTC, also SSV.V // TSX, also listed in Frankfurt
Canadian based silver mining/exploration company, main project Cerro Las Minitas Project (70km northeast of Durango, Mexico, size: 13,700 ha)
Mineral resoure estimates: Indicated 36.5 million oz AgEq (10.8 Moz Ag, 189 Mlbs Pb, and 207 Mlbs Zn) Inferred 77.3 Moz AgEq (17.5 Moz Ag, 237 Mlbs Pb and 626 Mlbs Zn)
Exploration target of 20 Mt 80-120 g/t Ag and 4-8% Pb/Zn (up to 200 Moz AgEq)
Experienced management team (Chairman also Chairman of Nova Gold), partnered with Electrum Global Holdings a private natural resource investment company (will fund up to 5 million over next 48 months, can earn up to 60% intrest on the Cerro Las Minitas property)
35,000 m drilling since 2011
2016 drill program of $850,000 (3236 m in stepouts and expansion (project still open) + 1500m "wildcat holes")
Also have 100% owned Oro Property in New Mexico; surface Au/Ag/Cu/Pb/Zn mineralization, Begin drilling in Fall 2016 ($300,000)
79.5 mil shares outstanding, fully diluted 141 mil (7 mil options, 54.5 mil warrants) Smaller sized market cap
Ownership: Mgmt 10%, Electrum Global Holdings 46%
http://www.southernsilverexploration.com/en/index.php http://www.southernsilverexploration.com/uploads/presentations/ssv_corporate_presentation_july_2016_97fc.pdf
Ihub board: http://investorshub.advfn.com/Southern-Silver-Exploration-Corp-SSVFF-17958/
GoldMoney // XAUMF // OTC, also // XAU.TO // TSX
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