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CTGO $16.96, about to go into production at their Alaska gold mine. They are 30% partner with Kinross. Kinross is going to use the high grade ore to use part of the capacity at their Fort Knox Mill that is running out of ore. They are mining ore now and trucking it to Fort Knox. Will start processing the ore in late spring. Full year production should net Contango around $50million/yr cashflow. There are only 10 million shares out so about $5/share cashflow.. That's less than 4X current share price. I know gold stocks are cheap but that's pretty low.
Of course,mine life at Manh Choh is only 4-5 years so they have to use the funds wisely. They intend to pursue another past producing mine at Lucky Shot. They have a small resource now but intend to build it up to 300K oz and sell it or JV with Kinross again to supplement Fort Know Mill feed. They have two more prospects that might work the same way in the future.
Not the most exciting "discovery" story but it looks like a no brainer with Kinross doing all the heavy lifting.
https://ucarecdn.com/64d82945-5297-43f5-b5c9-ca0d00af052f/ContangoCorporatePresentationJan202401.pdf
UROY, URNM, CCJ, LEU, URNJ
Uranium stocks all up big today due to Kazataprom earning report and guidance. They affirmed their recent PR that said 2024 production will be similar to 2023 versus their previous guidance of a BIG increase in production. Apparently they can't get enough sulfuric acid to increase production. I watched a video from Justin Huhn, Uranium Insider. He announced several months ago that he was skeptical of any increased production. His logic made a lot of sense. Said Kazataprom is operating ISR wells. They have to drill lots of wells to maintain production, much less massively increase. They have not been showing capex increasing. It takes a long time for them to drill more wells that will have flush production for a few months to increase production. This lack of increased capex foretold that 2024 would not show increased production.
So this affirmation of no big increase in production in 2024 plus Cameco also reporting trouble hitting production targets means the two big players in U production are not going to increase production in the near term.
Very bullish for U stocks. Could be a multi year bull run versus the big spike and drop in the last couple of runups. At some point greed will cause an over reaction and it will be time to take profits but that seems over the horizon now.
NTH, KTN, EDV, OGC, BTO, RIO
You might be wondering who NTH is. Why, Nord Precious Metals, of course. Personally I think they should have changed their symbol to ADHD. I first knew tham as TKK, then CSM, then CCW, now NTH, and they have changed their name without changing their symbol a few times along the way, as they repeatedly change focus and started new projects.
In their latest PR they are announcing the new name and a new focus, or rather an old one. Yes, they still have the nickel prospects, and the lithium prospects, and the gold prospects, and the lab, but now they are back to where they used to be, focused on the Castle Mine Ag/Au/Cu property near Cobalt, Ontario. They have been drilling on and off and have pulled some nice intercepts, both underground and near surface, but they have resumed the permitting process to extract a bulk sample.
Of course, their ADHD is still in play, as they also announced a new initiative to try to reprocess existing tailings dumps in and near old mines in the Cobalt area. The leopard may have changed its symbol and name, but not its spots....
https://www.siliconinvestor.com/readmsg.aspx?msgid=34553092
If any of you were wondering why the selloff in Kootenay Resources aka KTN, it is related to an ETF adjusting their holdings in an index which includes KTN shares. Whatever the reason, I was happy to add a few more shares to my holdings at a good price, not the bottom but a price I am happy with.
After poking around a bit I discovered that this same buying opportunity lasted for a few hours or more for the rest of the silver stocks affected by this move.
https://ca.finance.yahoo.com/news/kootenay-silver-trading-activity-122500266.html
West African gold miner Endeavour Mining aka EDV has been going through a bit of a rough patch lately. Last month they had to fire their CEO for malfeasance, and now we hear that there has been a strike at Hounde in Burkino Faso, their second biggest mine which produced 11% of their gold last year.
We have heard nothing from EDV about this, but a Bloomberg report tells us that the strike started on Jan. 21, albeit but nothing about the reasons why. We also hear that a court has issued an order ending the strike, but we hear nothing about how well that order is working.
Something to keep an eye on...
https://www.siliconinvestor.com/readmsg.aspx?msgid=34555771
In 2018 Oceanagold aka OGC enetered into an agreement with a private company called Tasman Mining to develop Blackwater, one of the deposits on its Reefton gold property in New Zealand. In the intervening years, Tasman has been working away on the project, and now OGC has agreed to sell Blackwater to them for $30M, a nice bit of cash to pick up for a non-core project. The deal is expected to close later in 2024.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34555806
The Otjikoto mine in Namibia has been a good producer for B2Gold aka BTO, but current reserves will be mined out by 2026. Hence, it is good news to hear the latest drill results from Antelope, a deposit about 5 km from current operations. BTO believes the mineralization at Antelope can be mined using the same techniques as used at their nearby Wolfshag deposit, which recently started production as an underground mine.
Based on drill results like 12.88 g/t Au over 7.60m from 485.00m at the Springbok Zone and 9.86 g/t Au over 7.48m from 517.55m at the Oryx Zone, BTO believes it can start mining at Antelope by 2026, though before that they need to complete a Resource Estimate expected in Q3, followed by a scoping study in Q1 2025, and then a construction decision.
These discoveries increase the temptation for me to buy back in to BTO as the share price has remained depressed after recent problems in Mali.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34555850
FWIW, in the wake of BTO's PR, TD issued a new analyst report calling the impact Slightly Positive, estimating that based on drilling results to date Antelope will amount to at least 200k oz Au, with plenty of potential for growth as exploration continues. They maintained BTO as Action List Buy (their highest rating) with a target of $9.
The INK folks, who track insider buying, today put out a special report on Chilean gold developer Rio2 aka RIO in the wake of RIO receiving the delayed permit to develop the Fenix project in far northern Chile. This report tells us that RIO has moved up to 4th place on INK's Top Mining List, and that there had been some insider buying in the wake of receiving the permit. (I added some more to my stash around the time of the insider buy, though I got a slightly better price.)
$CDSG News: ASTER DATA IDENTIFIES HUGE SPECTRAL ANOMALY AT TITAN 1
China Dongsheng International Inc.
Las Vegas, NV., Jan. 30, 2024 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce that it received a report detailing a completed multispectral ASTER analysis across the large Titan 1 Lithium Project area in Tanzania. The contents of the report covers an examination of spectral data conducted in late 2023 and represents an important fully independent confirmation of the company’s observations recorded to-date on the projects as well as providing multiple new high value targets.
The term ASTER stands for the Advanced Spaceborne Thermal Emission and Reflection radiometer. Optical and thermal remote sensing data from satellites has been an important tool in geological exploration for more than four decades. ASTER covers a wide spectral region from visible to thermal infrared by 14 spectral bands with high spatial and spectral and radiometric resolutions.
Such multispectral analysis has been employed to pinpoint mineral deposits including potential locations of pegmatite-hosted lithium occurrences. Within large lithium-rich brine areas such as the Salar de Atacama in Chile, ASTER data has shown that it can be used to map key lithological and mineralogical components of the lithium-bearing playas such as altered rocks and hectorite bearing clay.
Within the southwest U.S. spectral anomalies have been identified which relate to mineral assemblages of accessory and lithium hosting sediments over several of the large known lithium resources in this large region.
Figure 1 shows hectorite, illite and other accessory minerals anomalies over the large 21.5 million tons Lithium Carbonate Equivalent (LCE) McDermitt resource currently under exploration by Jindalee Lithium. The McDermitt project sits approximately 22miles (35kms) north of the 19.5 million ton LCE resource of the Thacker Pass deposit.
Figure 2 shows the results of the examination of the spectral endmembers from the USGS spectral library over the Titan 1 area. Key targeted minerals were identified (hectorite, illite, analcime, albite) in Titan1, of which both hectorite and illite appears to be the dominant minerals.
The study was initiated and completed by Dr. Elisante Mshui from the School of Mines and Geosciences at the University of Dar es Salaam. This analysis was implemented to find potential lithium bearing prospects within Tanzania and was conducted completely independently of our work in the area.
The observed spectral anomalies at Titan 1 mainly form a large cluster in the central portion of prospective area, precisely where the majority of our 2023 geochemical and geological work has been conducted. The data provides CDSG good corroboration of our own observations, however, the study also highlights additional large unexplored clusters of key minerals, which present new sites to follow up in 2024.
https://finance.yahoo.com/news/aster-data-identifies-huge-spectral-155000346.html?soc_src=social-sh&soc_trk=tw&tsrc=twtr via @YahooFinance @titan_lithium
BTO, IAU, KTN, EDV
B2Gold aka BTO released its Q4 results and they were a mixed bag. That said, the stock may not deserve the 10% haircut it is taking a few hours after the NR.
The positives were all about Q4 production, which increased almost 30% over Q3 to 353k oz AU, allowing BTO to meet guidance for the 8th straight year. The Otjikoto mine in Namibia had an outstanding Q4, while Fekola bounced back nicely after earlier problems with the Mali government. Also good news was that cash costs dropped significantly to $593/oz, which you might think resulting in strong cash generation, but here comes the bad news.
First, the budget for the construction of Back River currently underway in Nunavut has been increased by over $200M. Then we heard that the problems in Mali have led to BTO guiding for a decrease in overall production for 2024 along with an increased in costs. The company is also forecasting that 2025 will see a big leap in production, but the market doesn't seem to care about that right now.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34547614
FWIW, in response BMO issued a new analyst report on BTO, maintaining them at Outperform but dropping their target from $7.50 to $6.50. As well, TD, alwaus more positive on BTO, issued a new analyst report caling the impact Mixed by maintaining BTO as Action List Buy with a target of $8.
Nevada miner i-80 Gold aka IAU released another set of drill results from its Ruby Hill project. This time the focus is on the FAD deposit, acquired when they bought out Paycore Resources last year, and located 500m from the original Ruby Hill mine which yielded large amounts of Au, Ag, and Pb over a century of mining.
Each hole into FAD intersected multiple mienralized horizons, up to six in one hole, with high levels of Ag, Pb, and Az over lengths of up to 15m. In addition the easternmost hole added Au to the mix, with the best intersection being 3.9 g/t Au, 185.6 g/t Ag, 11.1% Zn & 3.6% Pb over 25.4m including 4.1 g/t Au, 350.1 g/t Ag, 13.8% Zn & 7.3% Pb over 11.0m.
IAU has so much going on at Ruby Hill that we only get brief mentions of what might be other important discoveries that will be followed up later, e.g. finding shallow Au near the original Ruby Hill mine that may be amenable to open pit mining, or a hole looking for an extension of Graveyard Flats that found 3.9 g/t Au, 185.6 g/t Ag, 11.1% Zn & 3.6% Pb over 25.4 m including 4.1 g/t Au, 350.1 g/t Ag, 13.8% Zn & 7.3% Pb over 11.0m.
Exploration continues at Ruby Hill, paid for by the potential JV partner whose name remains under wraps. One assumes there is hard negotiation going on behind the scenes, with IAU's hand getting stronger with every new set of drill results.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34548786
Mexican explorer Kootenay Silver aka KTN remains focused on their Columa prospect, but they are also working up a few of their other Mexican properties, including releasing an updated Resource Report on the La Cigaara project in Chihuahua. The didn't manage to increase the overall amount of metal, but by decreasing the tonaage they significantly increased the grade, in the case of M&I from 86 to 102 g/t Ag, in the case of Inferred from 80 to 102 g/t Ag.
M&I resources are now 15.73Mt grading 102 g/t Ag, 0.07 g/t Au, 0.16% Pb, and 0.21% Zn (120 g/t AgEq) containing 51.57M oz Ag, 33.9k oz Au, 54.8M lbs Pb, and 73.5M lbs Zn (or 60.56 Moz AgEq).
Inferred Resources are now 3.37 Mt grading 102 g/t Ag, 0.06 g/t Au, 0.20% Pb, and 0.19% Zn (119 AgEq) containing 11.00M oz Ag, 6.00k oz Au, 14.8M lbs Pb, and 13.8 M bs Zn (12.85 Moz AgEq).
It is not mentioned in this NR, but in the past KTN has said that after completed the updated Resource Estimate they were going to proceed to a PEA, which would certainly help as they continue to look for a partner to develop the project.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34548814
FWIW, in the wake of this week's Q4 production results from African gold miner Endeavour Mining aka EDV, BMO released a new analyst report calling the impact Neutral due to results being basically in line with expectations, and maintaining EDV at Outperform with a target of $34. Meanwhile Scotia released a new analyst report calling the impact Mild Positive, mostly because the new mine construction is proceeding ahead of schedule, while maintaining EDV at Sector Outperform with a target of $37.
Been buying uranium equities for over a year. Own $DNN $MGAFF $FCUUF $FDCFF $ANLDF and $PENMF. All up except $FDCFF. Big gains in $DNN and $MGAFF. Haven't sold any. The shortage of uranium is real and should last for years.
$GEMZ News: GEMXX Forecasts Robust Growth Amidst Surging Demand for Ammolite Jewelry and Gold
LAS VEGAS, Jan. 23, 2024 (GLOBE NEWSWIRE) -- via IBN -- GEMXX Corporation ( OTC: GEMZ ) ("GEMXX" or the "Company"), a leading provider of exquisite gemstone jewelry and mine-to-market gold producer anticipates significant growth over the next 24 months. The Company is strategically positioned to capitalize on the burgeoning demand for ammolite jewelry and the sustained upward trajectory in gold prices.
Ammolite
With ammolite becoming the official gemstone of Canada, it has rapidly gained recognition as a rare gemstone, becoming desirable around the world for its unique history and rich colors. The gemstone’s vibrant colors and limited availability make it a prized possession. GEMXX has experienced additional demand throughout India and Asia as the gemstone appeals to a discerning clientele seeking exclusive and collectible pieces.
Gold
GEMXX Corporation’s expansion into the mining of gold reserves in Canada is a new and welcomed asset to the Company’s balance sheet. Gold adds considerable support to the Company’s “Mine-to-Market” business model in three core elements affecting long-term sustainable profitability:
First, the Company can cut its raw material costs by roughly 60% by mining its own gold for its jewelry segment. These cost savings will not only reduce the cost of goods, but the savings will also be reflected in higher and predictable profit margins.
Second, with effective mining of the gold reserves, GEMXX will be able to accumulate reserves for future funding needs for the Company. Therefore, avoiding additional dilutive fundraising by issuing stock or taking on debt to fund the Company.
Third, investors will be able to participate in a stock based on precious metals and gemstones. With the price of gold today at approx. USD $2,000 per ounce, the future looks promising for gold as it is projected to reach new highs in the coming 24 months. Furthermore, as global economic uncertainties persist, investors are turning to traditional safe-haven assets, particularly gold.
GEMXX Corporation's diversified portfolio, including its gold-related ventures, positions the Company to benefit from the ongoing appreciation in gold prices. "We are excited about the tremendous potential for growth in both the ammolite and gold markets," said Richard Clowater, President of GEMXX Corporation. "Our commitment to quality, craftsmanship and our ability to adapt to market dynamics position us for sustained success. We are confident we will be able to deliver strong returns to our shareholders," further stated Clowater.
GEMXX Corporation's financial outlook aligns with these positive market trends, and the Company remains focused on expanding its product offerings, enhancing operational efficiency, and exploring strategic partnerships to maximize shareholder value.
Investors and stakeholders are encouraged to stay updated on GEMXX Corporation's performance as it navigates the evolving landscape of the jewelry and precious metals industry.
ABOUT GEMXX CORPORATION
GEMXX Corporation (OTC: GEMZ; $GEMZ) is a publicly traded, mine-to-market gold, gemstone and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing and global distribution.
GEMXX is a leading producer of top-quality finished ammolite and ammolite jewelry. The Company’s world-class gemstone cutters and jewelry designers are continuously leading the ammolite industry in new and exciting directions. Our management team is made up of the industry's leading experts with a combined total of 160 years of ammolite gemstone and jewelry business experience.
For more information, please visit: GEMXX Corporation
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our Company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Signed. /S/ Jay Maull, CEO
GEMXX Corporation
For more information, please contact:
Corporate Communications:
Investor Brand Network (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
CNC.V/CNIKF Canadian Nickel performing well here......
investment from Samsung.......
TUO, ARK, EDV, RRI
If Teuton Resources aka TUO felt any trepidation when the company now known as Blackwolf Copper and Gold bought our Optimium Ventures, their JV partner on the Harry prospect in BC's Golden Triangle, they can relax. OPV had been very gung ho on Harry, and judging by their latest PR, BWCG is just as enthusiastic.
What got them going the most from the 2023 exploration was the identification of 'Brucejack-style remobilized coarse electrum veins' at Harry. Brucejack is the Newcrest-run high grade mine located further north along the same mineralizing trends. Identifying more of these high-grade at surface veins will be the focus of the coming 2024 exploration programme.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34542506
Arras Minerals aka ARK has continued to re-assay historical core drilled on its extensive landholdings in Kazakhstan. This time we hear about three of the nineteen holes drilled into the Berezski East deposit on their Elemes property. Note that the holes were shallow and usually ended in mineralization.
Intersections like 108.0m grading 0.94% CuEq or 1.33 /t AuEq (1.30 g/t Au, 0.19% Cu, and 1.5 g/t Ag) starting at surface, including 30.8m grading 2.21% CuEq or 2.66 g/t AuEq (3.14 g/t Au, 0.39% Cu and 3.0 g/t Ag) starting at surface, are being interpreted by ARK's geologists as evidence of part of a gold-rich porphyry copper-gold system, which forms part of a far larger porphyry-epithermal system within Elemes. Between the various targets, they have now defined Intense alteration and widespread surface mineralization across a 5-km strike Length, open in multiple directions.
The company's focus at Elemes remains the main Berezski Central deposit, but defining other nearby minerlaization certainly enhances the overall project. Note that Elemes is not part of the exploration alliance with Teck over a number of their other landholdings.
https://irp.cdn-website.com/8c0a7d35/files/uploaded/22%20January%202024_Arras%20Minerals%20Berezki%20East%20Re-Assays_FINAL.pdf
In the wake of the recent firing on their longtime CEO for malfeasance, West African gold miner Endeavour Mining aka EDV needed some good news, which they delivered with the release of their Q4 results. Although Q4 production was flat from Q3 at 280k oz Au, this allowed them to meet or beat annual production guidance for the 11th straight year, and they were able to lower costs in Q4, propelling annual costs to the top end of guidance, the best among gold large caps.
They also released 2024 guidance. They plan to increase production by 18% to 1130-1270k oz Au thanks to mine startups in Q2. Thanks to the strong financial performance they ended 2023 with a cash stash of $517M in spite of construction and exploration costs plus spending $100M on dividends in H2 and $26M on share buybacks in Q4. I expect the cash to continue to build in 2024 unless they undertake a new transaction. It also wouldn't surprise me to see a dividend increase, though I would also like to see them start paying down debt.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34545223
Prospect developer Riverside Resources aka RRI has extended its move into British Columbia by announcing the acquisition of two adjoining gold prospects in the southeast corner of the province. They can essentially be considered as one project; indeed, I am going to enter them into my notes as just Deer Park. BTW, last year they acquired a similar project not fr away.
Deer Park has already had considerable exploration including driving a number of adits. RRI are not 'close-ologists' who acquire properties just to use for promotional purposes; before completing the acquisition they carried out enough exploration to identify two prospects named Viking and Cougar Ridge which generated grab samples of up to 7.07 and 3.92 g/t Au, respectively. There are also BM targets on the property. Exploration and analysis are continuing with the goal of generating drill targets in 2024.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34545314
FWIW, Scotia revised their PM price deck, moving their long term gold price from $1700 to $1800. As well, they increased their 2024 gold price by 5% to $2000 and the 2025 gold price by 15% to $1950, while increasing silver prices marginally and adjusting a number of PM stock price targets, mostly upward.
Among the stocks I usually talk about here:
- BTO was kept at Sector Outperform (SO) while raising their target to $7.50
- EDV stayed at SO but the target was dropped to $37
- IAU stayed at SO but the target price was dropped to $4
- OGC was kept at SO but the target was raised to $4.25.
Good stuff Bobwins. Thank you.
Uranium! Missed the last runup in Uranium miners. Could never tell the companies with real deposits from the Moose Pasture guys that put Uranium in their stock name. Anyway I forgot about Uranium until last year. Read a bunch of articles about the upcoming shortage of Uranium and the US reliance on Russia for enrichment.
Basically we produce minimal U308 in the US, even though we have one of the biggest fleets of nuclear reactors in the world. China is going to pass us by a long ways but they have no worries about buying fuel from Russia.
Anyway became convinced that Uranium was actually headed for a shortage. We appear to be very close now. But still had the same problem of not being able to tell the Moose Pasture guys from real Uranium stocks.
So I went the safe way. I invested in LEU, CJC, URNM, UROY and recently URNJ.
LEU is not a miner. They are involved in enrichment. They recently fulfilled a Dept of Energy contract to provide sample amounts of HALEU, the fuel of the future for new design nuke plants. They actually make a small profit and are the logical choice to build actual enrichment facilities on US soil. Bought in the mid 30's so happy with the current mid 50's price and think it can run further as the price of U308 brings in new investors in the field.
CJC Small position. Resisted at first because it's the big safe play but the stock has done really well so have a small position. As the general investors and funds get excited about Uranium, they will go to Cameco first. They are restarting mines and are an actual producer. They still have trouble with flooding in their mines in the Athabasca Basin but those mines are big and will be important for domestic nuke plants that need acceptable sources of U308.
URNM Sprott sponsored mutual fund that covered U stocks. This is redundant because CJC is one of their largest positions but I thought it was the quickest way to cover the industry without me buying tiny amounts of 20 or 30 nuke stocks. Sprott has been pounding the table on Uranium for several years. They are not heroic, they started a physical uranium fund to buy up the physical surpluses of Uranium left over from the Fukashima disaster and say they are not going to sell into the current market. Eventually they will find a way to alter their charter. They have a vested interest in seeing U308 soar.
UROY This is the only uranium royalty company. They have 18-20 royalties from some pretty big names and could turn into a long term hold like Franco Nevada for gold IF this uranium pricing cycle holds up long enough for the quality royalties that they hold to turn into actual producing royalties. Same model as gold, low overhead and IF the royalties produce, very profitable. They were formed by UEC so CEO is also officer in UEC and benefits from that sponsorship. The big current benefit is that UROY can also buy physical U308. They have 2.65 million pounds of yellowcake that was bought at $54/lb. Current spot price of $106 means they are holding $281 million bucks in physical U308 vs a market cap of $381million. So there is a substantial asset in this stock plus a couple dozen royalties that look decent. Bought a small position recently at $2.65 so doing ok.
URNJ Bought very recently. This is the Sprott fund for junior uranium miners. This is hopefully the Moose Pasture plus stocks that could actually have U308 in the ground. Bought a small position because I remember the last time U stocks took off, the juniors left CJC, LEU and other legitimate players in the dust. So far so bad. Got excited and chased it during a recent high of over $29. Currently mid $26.
Will likely stop for now. The news flow should be very positive. Utilities have to purchase enough fuel to keep their reactors producing electricity. The world has finally figured out that renewables can't supply base load energy. Nukes are the current answer. Utilities will have to payup for nuclear fuel. The actual fuel costs are negligible compared to the revs produced by the plants. So if fuel is scarce, they will still have to step up and secure long term supplies. US passed a bill forbidding purchases from the Russian bad guys but left an out in case there is no other viable choice. I think that's going to be the case for awhile. China is going to soak up all available supplies as they are building dozens on new nukes. They don't care where they get it so they will finance uranium mines, buy from the Russians and do whatever to get more energy.
Gold miners and silver miners are still way undervalued but they have been that way for awhile with no signs of changing. Uranium looks like the near term way to profit from miners. Lone Clone knows the gold and silver players and has probably done fine but my miners suck except for the U stocks. Good luck all. Bobwins
Thanks Lone Clone on the comments about TUO.
TUO, IAU, WEX, IPT, CEE, WM
Teuton Resources aka TUO and its JV partners announced the final set pf drill results from their 32km 2023 drill programme at the Treaty Creek project in BC's Golden Triangle. This time we hear about the most northeasterly holes targeting extensions of the Goldstorm deposit, which already has an Indicated resource of 23.37M oz AuEQ grading 1.13 g/t AuEQ and an Inferred resource of 7.35M oz AuEQ grading 0.98 g/t AuEQ.
As they have extended drilling northeast, they have been finding more and more high grade shoots, this time including 138m grading 1.67 g/t AuEQ which contains a central core of mineralization that averages much higher; 3.08 g/t AuEQ over 57m. They are also still drilling up long intersections like 570m @ 1.21 g/t AuEQ, but are increasingly focussing on the high grade areas, which along with the higher copper values to the northeast should have a positive effect on the economics of the project.
Drilling will resume in the spring once conditions allow.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34540019
Nevada miner i-80 Gold aka IAU released the latest set of drill results from its Ruby Hill property.
The first set of results come from the recently discovered East Hilltop zone, and they look good, delivering both CRD intercepts like 2.6 g/t Au, 344.0 g/t Ag, 5.8% Zn, & 6.0% Pb over 2.7m and 1.1 g/t Au, 174.4 g/t Ag, 3.8% Zn, & 2.0% Pb over 15.8m , and skarn intercepts like 22.4% Zn over 5.8m and 197.2 g/t Ag, 7.5% Zn & 5.0% Pb over 6.1m. As well, they found the highest copper values to date at Ruby Hill. They hope to connect this mineralization to other nearby deposits with future drilling.
At Upper Hilltop, infill drilling found intercepts like 2.1 g/t Au, 514.8 g/t Ag, 3.1% Zn & 23.4% Pb over 10.0m, Also at Hilltop, the first hole to the south intersected 60m of skarn mineralization, including 4 narrow high grade intercepts like 1181.0 g/t Ag, 19.5% Zn & 10% Pb over 1.5m, opening up a new area for exploration.
Other drilling confirmed extensions of mineralization at the Blackjack zone and at the FAD deposit to the south, acquired when they bought out Paycore.
IAU has submitted permits to develop an underground mine beneath the Archimedes pit at Ruby Hill. To remind you, a still unnamed third party is funding the current drilling in anticipation of taking a minority interest in the property. Meanwhile, further metallurgical testing is underway, as is a new Resource Report..
https://www.siliconinvestor.com/readmsg.aspx?msgid=34540040
In response, Scotia issued a new analyst report calling the impact Positive, but kept IAU at Sector Outperform with a target of $4.50.
Western Exploration aka WEX reported the results from metallurgical testing on material from the Dolby George deposit on their Auar property in Nevada, which they envision as a future leach heap producer. I would say the results generally look decent, though the complicated metallurgy due to the range of ore -- sulfide, oxide, and mixed -- makes the result beyond my pay grade to completely evaluate. The results will contribute to a future fessibility studies, so I'll be happy to wait to see what those studies say about these results and those of more met testing to come.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34540115
One of the initiatives promised by Impact Silver aka IPT when they bought the Plomosas Zn/Pb/Ag mine last year was to resume exploration on the many prospects on the property, which had been neglected by the previous owner. Now we get the first results from exploration within and around the mine itself.
Three holes from surface in the Tres Amigos zone found high grade mineralization like 5.70m with 7.9% Zn, 5.3% Pb, and 23.2 g/t Ag, and 10.8m with 6.30% Zn, 0.80% Pb, and 14.7 g/t Ag. Meanwhile, 58 samples taken over 50m within the mine yielded an average of 12.1% Zn, 5.8% Pb, and 44 g/t Ag over an average sample width of 1.8 m.
Exploration has now moved on to areas further from the mine itself, even as the continued ramp up of production from the mine and mill is, according to IPT, proceeding smoothly.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34540122
African gold miner Centamin aka CEE released its Q4 and annual production results and as expected, they were good. Higher ore production at higher grades from the Sukari mine in Egypt meant they increased Q4 production to 128127 oz Au, with cash costs decreasing to $984/oz. This in turn means CEE's 2023 production fell in the lower range of guidance in terms of both ounces and costs. We'll get more details when the annual financials are released in March, but they do tell us their cash stash had grown to $153M at year end.
CEE also released their 2024 guidance for Sukari. The new mine plan and the extensive pre-stripping completed last year means they expect 2024 production to increase to 470-500k oz Au, while cash costs are expected to decline significantly to between $700 and $850/oz Au.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34541293
In response, BMO issued a new analyst report, calling the impact Slightly Positive while maintaining CEE at Ourperform with a target of $2.57.
The other day, Quebec developer Wallbridge Mining aka WM updated us on their 2024 plans for their feature projects at Martinere and Fnenlon. Now we get an update on Grasset, located further east on the Detour-Fenelon gold trend. Grasset covers about 20 km of the Sunday Lake Deformation Zone, the same structure that hosts Martiniere, Fenelon, and AEM's nearby Detour Lake mine.
Drilling along the northern contact of the SLDZ found gold in 12 of 20 holes over a 5 km strike length, which they consider a success given the 50-80m of overburden. Assays ranged up to 2.04 g/t Au over 1.50m, but more work will be required to zero in on the targets.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34541331
$GEMZ News: GEMXX to Present at the Sequire Investor Summit in Puerto Rico
LAS VEGAS, Jan. 17, 2024 (GLOBE NEWSWIRE) -- via IBN -- GEMXX Corporation ( OTC: GEMZ ) (“GEMXX” or the “Company”), a leader in the ammolite gemstone mine-to-market segment, is proud to announce that it will be presenting at the upcoming Sequire Investor Summit 2024. This highly anticipated event, scheduled for Jan. 23-25, 2024, at Condado Vanderbilt Hotel in San Juan, Puerto Rico, promises to offer an array of exciting opportunities for funds, companies and investors. Puerto Rico is home to many family offices, funds and wealthy investors due to its favorable tax benefits. It is one of the only places in the world that U.S. citizens can move to and pay virtually no federal or state income taxes.
“GEMXX CORPORATION is thrilled to participate in this year's Sequire Investor Summit and looks forward to sharing its knowledge and expertise with attendees. Join us for an exciting and informative event that promises to be a highlight of the year for funds, companies and investors alike,” stated Richard Clowater, GEMXX president. “Our Revenue Model is perfect for the ever evolving ‘Mine to Consumer’ markets emerging globally.”
The event is designed to bring together forward-thinking investors and issuers with world class speakers. The Sequire Investor Summit: Puerto Rico will feature 40+ presentations from leading public companies, panel discussions, and interactive sessions that will address the latest trends and innovations in investor relations and technology. Attendees will have the opportunity to network with leading industry professionals, learn about new tools and strategies, and engage in one-on-one meetings. The Summit will provide a unique and dynamic platform for attendees to connect with other professionals, establish new relationships, and further their investments in the industry.
For more information about the Sequire Investor Summit, including registration details, please visit the official event website at https://puertorico.srax.com/
ABOUT GEMXX CORPORATION
GEMXX Corporation (OTC: GEMZ; $GEMZ) is a publicly traded, mine-to-market gold, gemstone and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing and global distribution.
GEMXX is a leading producer of top-quality finished ammolite and ammolite jewelry. The Company’s world-class gemstone cutters and jewelry designers are continuously leading the Ammolite industry in new and exciting directions. Our management team is made up of the industry's leading experts with a combined total of 160 years of ammolite gemstone and jewelry business experience.
About SRAX
SRAX Inc. is a financial technology company that unlocks data and insights for publicly traded companies. Through its premier investor intelligence and communications platform, Sequire, companies can track their investors’ behaviors and trends and use those insights to engage current and potential investors across marketing channels. For more information on SRAX, visit srax.com and mysequire.com
SAFE HARBOR STATEMENT
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our Company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
For more information, please visit: GEMXX Corporation
Signed. /S/ Jay Maull, CEO
GEMXX Corporation
For more information, please contact:
Corporate Communications
Investor Brand Network (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
KRR x 2, RRI, WM
West Australina gold/nickel producer Karora Resources aka KRR released its Q4 production results, and as expected, they were darn good. Q4 production was 40295 oz Au, maeaning total 2023 production of 160492 oz, an increase of 20% from 2022 ans also exceeding the top end of 2023 guidance.
We'll get the all-important financial deatils when the financial Q4 comes out in a month or so.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34537768
Karora Resources aka KRR then released a second PR regarding the signing of a long term Powet Purchase Agreement which will replace diesel generators as the primary power source for their Higginsville operations. This is expected to lead to a 20% decrease in KRR's GHG output by 2030, and is to be followed by more initiatives along the same lines.
As usual, KRR astute management is ahead of the curve on this one. Expect many similar announcemnts to be made by other miners in the coming years.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34538925
Prospect generator Riverside Resources aka RRI prides itself on being well-run, so it is no surprise that their latest PR, laying out their plans for 2024, starts out by reminding us that RRI has over $6M in their cash stash along with no debt or warrant overhang, and fewer than 75M shares outstanding.
This year RRI will continue to expand its presence in Canada, including work on recently-acquired gold and REE prospects in BC and Ontario, as well as searching out new opportunities. They have designated the Pichette Au property in Ontario as their top Canadian prospect at this point. In Mexico, where they have a wide range of prospects, including Ariel (Cu), Union (Au), and Cecilia (Au). Also in Mexico, they are hoping to establish a new strategic alliance with a major BM producer, presumably involving their copper assets. BTW, RRI's assets don't include just properties and personnel; they have also amassed a large portfolio of royalties and another of proprietary databases.
I am considering adding to my RRI holding at current prices. (BTW, one way prospect generators like Riverside can reward investors is by developing and then spinning out their properties as separate listed companies, For instance, Capitan Mining aka CAPT was spun out from RRI a few years ago.)
https://www.siliconinvestor.com/readmsg.aspx?msgid=34538012
Quebec gold developer Wallbridge Mining aka WM released a PR detailing their plans for 2024. They expect to spend about $22M, which will be covered out of their cash stash, currently sitting at about $29M..
At Martiniere, which already has 680k oz Au Indicated and 630k oz Au Inferred, the initial 7500m of drilling in March and April will focus on infill drilling to upgrade Inferred resources, while a further 5500m of drilling planned for Q3 will focus on extending known deposits. As well, metallurgical testing, geomechanics, and hydrogeology will start shortly
At Fenelon, their flagship project, 5000m of drilling and further technical studies will be used to refine the economics outlines in the existing PEA. Both the Martiniere and Fenelon work will be used to develop a new PEA combining both projects.
As well, there will be a further 5000m of exploration drilling on regional targets.
In spite of all their work, WM has not been successful at delivering returns to shareholders for a number of years now. This could be a make or break year for them, and perhaps we will find out whether they really plan to develop the mines themselves or sell them off.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34538933
IKN Brings us a reminder that Wall Street remains uninterested in gold, as the holdings in GLD continue to fall, now down to 863mt, and the price/inventory ratio for GLD reached an all-time low of 4.55. (GLD is an ETF that is Wall Street's preferred method of investing in gold.)
Not a smart move IMO. NILI is woefully undervalued at present; I expect the share price to quadruple at a minimum over the next few years. I am sure GRID can use the money for their own purposes. but they just gave up millions in potential profits.
And I would be VERY careful with GEMZ. The OTCBB exists primarily as a vehicle for insiders to milk unwary investors.
LC
$GEMZ management provided a comprehensive review of all the company's recent developments and progress in a nice update package just last month. I found this quite useful as an overview introduction to the company and its prospects for the coming year.
GEMXX Corporation Provides Corporate Update on Recent Milestones and Expansion Plans for 2024
LAS VEGAS, Dec. 13, 2023 (GLOBE NEWSWIRE) -- via IBN -- GEMXX Corporation (OTC: GEMZ) (“GEMXX” or the “Company”), a leader in the ammolite gemstone mine-to-market segment and a partner in Canadian gold exploration Company Crazy Horse Mining, Inc. (“CHMI” or “Crazy Horse”) today provides the following updates:
Current State
GEMXX has achieved significant milestones recently, and it's worth noting that the Company continues to control each stage of its production, including gold mining, gemstone production, jewelry manufacturing and global distribution. Further, the Company continues to expand while avoiding long-term debt.
Jay Maull, GEMXX CEO, said: "We are tremendously pleased with the development of the Company over the past several months and are extremely excited about the anticipated growth. We look forward to updating shareholders as each milestone below is met. Everything the Company has planned is focused on driving shareholder value."
Recent Milestones
Oct. 24, 2023 -- GEMXX, in partnership with Crazy Horse Mining, Inc. (“CMHI”) completed its third and final clean-out and recording of gold production at the Snow Creek Mine site for the 2023 mining test season, processing a total of 31,200 cubic yards of gold-bearing ore yielding 0.929 ounces per 100 cubic yards. The production results have met all expectations. Read more here.
Oct. 3, 2023 -- The Company engaged Aurora Geosciences to complete S-K 1300 technical reports on assets already owned and operated by the Company. These assets currently have no value assigned to them in the Company’s financials. Read more here.
Sept. 26, 2023 -- GEMXX announced it has signed a binding Letter of Intent (“Proposed Transaction”) to acquire an initial 50% stake in The Yukon Gold Project (“the Property”), pending conclusion of due diligence. The reports provided to GEMXX claim the Property hosts somewhere between 2,210,660 and as much as 4 million ounces of gold. The Company has not verified the historic resource classification or volume but remains optimistic that it speaks to the property’s potential. Read more here.
Sept. 12, 2023 -- To meet the growing demand for its products, GEMXX has planned to expand gemstone and jewelry production by 300% year over year. The Company’s shopping channel division is preparing to supply $5.5 million worth of Ammolite gemstones and jewelry over the next 12 months for Ammolite gemstones in jewelry designs by Kenneth Bradley. Read more here.
July 18, 2023 -- GEMXX announced it has secured 75% of mining costs for both its Gold and Ammolite initiatives. The involvement of new investors and strategic partners further strengthens GEMXX's financial position and supports its growth plan. This includes mine and process facility expansion and increased production to meet global demand for its products. Read more here.
March 14, 2023 -- The Company announced that it has acquired a 50% interest in the Canadian exploration company Crazy Horse Mining Inc. (“CHMI”). Crazy Horse Mining Inc. assets include 100% interest in two gold projects, Snow Creek, and Rosella Creek. Read more here.
March 23, 2023 -- The Company announced that it had signed an Ammolite Master Supply Agreement (“MSA”) with Canadian Ammolite Gems by Kenneth Bradley. Kenneth Bradley is one of the World’s most recognized Ammolite experts and is a Canadian influencer with a global following that continues to grow. Read more here.
Looking Forward – 2024 and Beyond
For the balance of 2023 and into 2024, the Company is focused on expansion and adding shareholder value. That means more acquisitions, more mine production and more revenues.
Targets
Complete the 50% acquisition of the Yukon Gold Property and initiate a pilot mine on that site.
Bring the Ammolite Gemstone mine into full production.
Upscale the gold mine operation at Snow Creek and move the test plant to Rosella Creek.
Complete S-K 1300 compliant resource reports on already owned assets.
Complete audits to be quoted on the OTCQX, which will be the first step to up-listing to the New York Stock Exchange or Nasdaq.
About GEMXX Corporation
GEMXX Corporation (OTC: GEMZ; $GEMZ) is a publicly traded, mine-to-market gold, gemstone and jewelry producer with global reach that owns mining resources, production facilities and operating assets. GEMXX controls each stage of its production including gold mining, gemstone production, jewelry manufacturing and global distribution.
GEMXX is a leading producer of top-quality finished ammolite and ammolite jewelry. The Company’s world-class gemstone cutters and jewelry designers are continuously leading the Ammolite industry in new and exciting directions. Our management team is made up of the industry's leading experts with a combined total of 160 years of ammolite gemstone and jewelry business experience.
About Crazy Horse Mining Inc.
Crazy Horse Mining Inc. is a Canadian Junior resource company with significant gold assets in British Columbia, Canada. In partnership with GEMXX, CHMI aims to unlock the potential of its gold-bearing properties.
About Canadian Ammolite Gems by Kenneth Bradley
Kenneth Bradley is one of the world’s most recognized ammolite experts with a worldwide following that continues to grow. As a Canadian influencer, Kenneth Bradley will host multiple ammolite events annually that feature stunning ammolite gems curated by GEMXX’s world-class gemstone cutters. Bradley has been developing and marketing luxury jewelry for 30 years, making him the perfect host to showcase the stunningly beautiful GEMXX Ammolite gemstones.
Safe Harbor Statement
This press release contains forward-looking statements that can be identified by terminology such as "believes," "expects," "potential," "plans," "suggests," "may," "should," "could," "intends," or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our Company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the Company’s control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made.
Signed.
/S/ Jay Maull
For more information, please contact:
Corporate Communications:
InvestorBrandNetwork (IBN)
Los Angeles, California
www.InvestorBrandNetwork.com
310.299.1717 Office
Editor@InvestorBrandNetwork.com
CNC.V/CNIKF...was moving higher then halted 01/11 ~3PM EST.....for news......anyone care to speculate:
1. Additional Private Placement/Investor;
2. 1st Offtake Partner announcement
3. Acquisition
4. Nothing of any significance...lol
EVKRF News:Grid Battery Metals Provides a Financial Update
COQUITLAM, BC / ACCESSWIRE / January 11, 2024 / Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) is pleased to announce that it has recently completed the sale of 100% of its holdings in Surge Battery Metals Inc. ("Surge") (TSXV: NILI)(OTC: NILIF) for total net proceeds of over CAD$5 million to add to the Company's treasury.
Mr. Tim Fernback, Grid President & CEO comments "In 2021, we initiated the process of selling some non-core nickel assets in British Columbia to Surge in exchange for 6 million Surge shares. This transaction has benefited our shareholders immensely, by providing over CAD$5 million in non-dilutive capital to the Company. Currently, Grid has approximately CAD$7.2 million in its treasury, and has fully funded its 2024 exploration season."
Mr. Fernback continues "2024 should be a big year for Grid and its shareholders, as we are planning to spin out and publicly list our BC nickel assets as a separate public company. We plan to continue to develop both lithium and nickel assets with an incredible focus. Our shareholders will benefit from having a proportionate share of this new spin out company, at no additional cost."
About Grid Battery Metals Inc.
Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market. www.gridbatterymetals.com.
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation.
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV: NILI)(OTC: NILIF) and comprised of 303 mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023).
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 640 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
About the British Columbia, Nickel Projects
The Grid Nickel Project consists of three claim blocks with a total area of 5,000 hectares in the area surrounding Mount Sidney Williams, near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium, whereby nickel has been recorded in the Fe-Ni alloy awaruite as well as nickel sulphides The Grid Nickel Project are partially underlain by rocks of the Trembleur Ultramafic Unit, which consist of variably serpentinized harzburgite, dunite, orthopyroxenite, and locally carbonate-talc altered rocks and listwanite.
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.
SOURCE: Grid Battery Metals Inc.
View the original press release on accesswire.com
https://www.accesswire.com/823773/grid-battery-metals-provides-a-financial-update
CEE, IAU, IPT
Up till now, Centamin aka CEE's focus in Egypt has been on their producing Sukari gold mine in Egypt, but this has changed with award of three exploration concessions totalling over 3000 sq km in the Eastern Desert.
The recently completed drill programme on the Nugrus block, which adjoins Sukari, identified two major prospects. Little Sukari, 28 km west of the Sukari mine, featured near surface intercepts like 46m at 3.3 g/t Au and 77m at 1.84 g/t Au, while Umm Majal prospect, 23km west of the Sukari mine, featured intercepts like 18m at 2.33 g/t Au and 15m at 1.46 g/t Au from 4m 8m at 2.67 g/t Au, again near surface. The first half of 2024 will feature mapping and sampling and geophysics on and around these two prospects, followed by drilling in H2.
On the Um Rus block, located 50km north of the Sukari mine, analysis of geochemical samples collected last year is underway with results expected this quarter. This will lead to further geophysics and sampling followed by drilling.
On the Najd block, located a further 50km NE, initial sampling is underway, the results of which will be used to define further exploration.
I imagine that any economic ore found in these new blocks will be processed using existing facilities at Sukari, but any such decision will be contingent on further exploration and economic studies.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34531419
Nevada gold miner 1-80 Gold aka IAU issued one of those "Here's what we've done and here's where we're going" updates. I didn't see anything new, but is certainly impressive to see how much they accomplished during a difficult 2023 for miners and what they have planned for the next few years.
Between residual heap leach production and the commencement of mining at Granite Creek, and cash on hand, they are well financed to start producing at multiple mines while bringing multiple mills into operation over the next few years.
The news I am most eager to hear is about the potential partner for Ruby Hill. They've of necessity been coy about the identity of this potential partner, currently carrying out a period of due diligence on the property, but I expect they have deep pockets and will provide resources to speed up development even further.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34531460
We got some interesting news from Impact Silver aka IPT regarding their Plomosas Zn/Pb/Ag mine in Chihuahua, Mexico, which they recently bought and are returning to operation after refurbishment. They have signed a contract with Bell and Tesla to design and build a solar and battery system which is expected to reduce diesel costs by 30-40% along with a 90% decrease in GHG proodcution. I expect to see more and more announcements of this type from miners as the technology continues to improve. BTW, IPT is keeping their diesel generators on site as just in case backup, but expect to have to use them only rarely.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34531629
$EVKRF News: Grid Battery Metals Announces the Fourth Phase of the Nickel Exploration Program in British Columbia
Click here for news article with full color graphics:
https://finance.yahoo.com/news/grid-battery-metals-announces-fourth-123000119.html
WEX, ARK, EDV, MAI
It's been a disappointing year for investors in Western Exploration aka WEX. It took forever to get the drilling started on the Gravel Creek deposit on their Aura Au/Ag property in Nevada. We finally get assays from the second hole drilled to the east of the Gravel Creek resource, and like the first hole, it did deliver some narrow but high grade intercepts like 0.7m of 143.56 g/t AuEq (138.82 g/t Au and 403.4 g/t Ag), and 1.0m of 67.49 g/t AuEq (52.46 g/t Au and 1278.0 g/t Ag). They have been able to identify two veins up to 200m in length and 5m in width, and have identified a new area for more intensive drilling of 550 by 350m, and it remains open to the northeast.
Future drilling will concentrate of connecting those veins to the existing resource and looking for extensions. Let us hope that these hole happen more quickly than the first two.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34530107
Arras Minerals aka ARK released the results of re-assays on three historical holes drilled into the Quartzite Gorka area of their Elemes license in Kazakstan. (Note: Elemes is not part of the recently announced exploration alliance with TECK.)
All three holes delivered impressive intercepts of prophyry minerlaization, with the best being 132.6m @ 0.80% CuEq or 0.96 g/t AEq (0.39% Cu, 0.52 g/t Au, 4.1 g/t Ag, 59.5 ppm Mo) from 140.7m depth, including 57.1m @ 1.00 % CuEq or 1.20 g/t AuEq (0.85 g/t Au, 0.45 % Cu, 4.8 g/t Ag and 51.0 ppm Mo) from 188.7m depth down-hole. Notably, all three holes delivered higher grade sections.
ARK is interpreting these results as indicating a breccia-hosted intermediate sulfidation epithermal system that forms part of a much larger porphyry-epithermal system within the Elemes licence. which also hosts the Berezki copper-gold and Karagandy-Ozek gold prospects. ARK is currently evaluating the results of these results and their 2023 exploration to design a new exploration strategy for Elemes.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34530161
FWIW, in the wake of last week's dismissal by Endeavour Mining aka EDV of their CEO for seriousm misconduct. BMO issued a new analyst report. Although they emphasized repeatedly that this will not have any financial or operational impact, they still reduced their target from $38 to $34, citing 1) although the BoD acted correctly and promptly in response, EDV's ESG reputation, the best in the sector, has taken a hit; 2) the now-fired CEO had great contacts throughout Africa which may be hard to replace. They did keep EDV shares at Outperform.
The latest issue of IKN offers some intel on a possible reason Minera Alamos aka MAI has been trading strongly of late. MAI has been waiting for a permit to expand their heap leach at the Santana gold mine in Sonora, Mexico, and we get news that the governor of Sonora has been making a concerted effort to speed up the issue of mining permits in his state.
FWIW, TD issued an new report updating their PM price deck. To summarize, they expect a positive 2024 for PMs, with their gold prices increased by an average of 4.4%. They also expect gold miner m&A to be strong in 2024, and are maintaining an Overweight recommendation for the sector.
WM, HMLO, EDV
It look like Wallbridge Mining aka WM is planning to build mines on its gold properties in the Detour Fenelon Trend in Quebec. Their latest PR, besides cleaning up some technical language in the Technical Report for the Fenelon project, announced they have filed a base shelf prospectus allowing them 'to offer from time to time over a 25-month period up to $50 million of equity, debt or certain other securities'. We'll see how well they do on raising these funds, which are just the start for the funds required to build mines at Fenelon and Martiniere.
https://ca.finance.yahoo.com/news/wallbridge-announces-filing-final-shelf-190400752.html
Hemlo Explorers aka HMLO released an encouraging update on their JV with ABX on the Pic gold prospect in Ontario. Barrick can earn an 80% interest over 6 years by doing exploration and completing a PFBS. Another part of the JV requirements is that ABX had to spend a minimum of $800k in the first 12 months, so it is very encouraging that after 13 months they have already spent $2.6M.
So what have they been up to? An intensive programme of till and rock sampling was used to identify three areas of interest. In fact, they were interesting enough that they are already 3 holes into a drill programme designed to test the three locations. Assays are pending.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34526123
Here's some crappy news from West African gold miner Endeavour Mining aka EDV. They have fired their CEO for his involvement in what they are calling ' irregular payment instruction [re] US$5.9 million' in relation to an asset disposal. As well, anonymous allegations were submitted through channels regarding his personal conduct with colleagues. Fortunately they had Ian Cockerill , an industry veteran with an impeccable reputation, on hand to step in and assume the role.
At one point today shares of EDV were down more than 11%, but IMO the effect will be short-lived and this presents a buying opportunity.
https://ca.finance.yahoo.com/news/endeavour-announces-ceo-termination-182100180.html
Saville has reduced the chances of a sustained upside breakout in the PoG this month to near zero due to the continued optimism that the US economy will have a soft landing rather than a recession. He still thinks the breakout will come, but not till later this year.
And just so you know, thanks to the late run after RIO's EIA was approved just before Christmas, I managed to win the Silicon Investor stock picking contest again. The price is a 5oz bar of silver from FR's Mexican mines.
Pick 4 Contest #19 Less Than 6 Hour Away
Remember to get your picks in before Today's Close. Below is the link to the board. Hope this helps.
https://investorshub.advfn.com/Pick-4-Contest-No-19-42580
Pick 4 Contest #19 Deadline Friday (12/29)
Remember to get your picks in before Friday's Close. Below is the link to the board. Hope this helps.
https://investorshub.advfn.com/Pick-4-Contest-No-19-42580
SNAG, CCW, ODV
Silver North Resources aka SNAG announced amendments to their JV agreement with Coeur Mining regarding their Tim Ag/Zn/Pb prospect in Yukon Territory. As a result of delays in getting the exploration permit, the work requirements have been pushed back a year in exchange for a small cash payment. The good news is that drilling will begin this coming year.
The reason Coeur is interested in Tim is that it appears to be a CRD deposit very similar to the high grade Silvertip mine they own just across the BC border. Silvertip is currently not producing while Coeur evaluates a new larger production scenario, and given that Tim is situated right on the road to Silvertip, it could fit in nicely.
Coeur is initially earning 51% interest in Tim by fulfilling exploration requirements, and can extend that to 80% if they complete a feasibility study, announce a production decision by 2026, and pay more cash.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34515237
Canada Cobalt Works aka CCW released one of those year end 'here's what we did' PRs that contains nothing new. Yep, they have a lot going on, way too much for such a tiny company IMO, so I am glad my position is also tiny.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34515258
Osisko Development aka ODV released an exploration update from the Trixie gold mine on its Tintic property in Utah. On the one hand, these include assays from chip samples from development faces along the recently completed drive which opened up multiple new areas for further exploration. As well, there are assays from the remaining drill holes from this year's campaign, which include the narrow high grade intercepts we have come to expect like 8.32 g/t Au and 501.00 g/t Ag over 1.52m as well as 7.46 g/t Au and 301.52 g/t Ag over 2.77m.
Once all assays are in, a new Resource Report for Trixie will be released. Meanwhile, drilling continue at Trixie West, a porphyry Cu/Au target beneath Trixie.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34515320
RIO, CEE, RRI, MIRL
Now we know why the share price of Rio2 aka RIO has been running -- up 60% in a few days. After an appeal they have been awarded the EIA permit for their Fenix gold project in Chile that was denied 18 months ago. Now this crack management team can get back to what they do best, building a mine. Expect a constant a constant news flow in 2024 regarding regarding the rest of the permitting (which should be straightforward in comparison), completion of financing arrangements, and the commencement and progress of construction.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34514246
African gold miner Centamin aka CEE announced an update to its group mineral Resources and Reserves, comprised of the producing Sukari mine in Egypt and the Doropo and ABC Projects in Côte d'Ivoire.
P&P Mineral Reserves increased by 28% compared to 2022, and are now 194Mt @ 1.23g/t containing 7.7Moz Au while M&I Resources and Inferred Resources stayed about the same at 392Mt @ 1.06 g/t containing 13.4M oz Au and 99Mt @ 1.06 g/t containing 3.4M oz Au. respectively.
It is notable that Sukari P&P Reserve itself has increased 10% since the number announced just two months ago along with the revised Life of Mine plan. Between the 285km of drilling at Sukari planned for 2024, the FBS for Doropo being released, and the first assays from the new exploration properties in Egypt's Eastern Desert, I expect another solid increase in CEE's Resources and Reserves this coming year.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34513155
A few years ago drilling pulled some promising intercepts from Riverside Resources aka RRI's Cecilia Au/Ag prospect in Sonora Mexico. The property is essential an extinct volcano that hosts a rhyolite dome analogous to several which host large mines in the neighbourhood.
Now RRI has returned to Cecilia with a sampling programme that has identified several new targets. The largest, Magallanes, has been extended to a strike length of over 800m. RRI has obtained permits and surface agreements for the new prospects, so expect more news flow as exploration proceeds.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34514268
And you may be relieved to hear that I will no longer be moaning about the sad state of Peruvian gold miner Minera IRL aka MIRL.
Today I managed to offload my shares for a loss, but it is worth it just to not be pissed off any more.
I have replaced MIRL in my pf with the Alaskan gold explorer Techtonic Metals aka TECT. Expect to start hearing about them here in future.
$EVKRF: Grid Battery Metals Provides a Year End Update
Wednesday, 20 December 2023
Click here:
https://www.otcmarkets.com/stock/EVKRF/news/Grid-Battery-Metals-Provides-a-Year-End-Update?id=425310
$CDSG Comes to Terms with Noteholder to Decrease Outstanding Balance
Las Vegas, NV., Dec. 19, 2023 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce it has come to a settlement agreement with EROP Enterprises, LLC on their note to issue 9,000,000 free trading shares and 9,000,000 shares restricted for a period of 2 years. This is a 1,600% reduction in convertible shares from 291 million to 18,000,000 shares emphasizing their commitment to the Titan Lithium Project. In the next quarterly filings, it will be reflected that this note has been settled in full.
About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), through its wholly owned subsidiary Titan Lithium, Inc., is a lithium explorer and developer with operations in Nevada, USA and The United Republic of Tanzania.
Contact:
Harp Sangha-Chairman
sanghaharp1964@titanlithiuminc.com
+1-702-595-2247
http://www.titanlithiuminc.com
Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.
OGC x 2, KTN, IAU, MAI
Oceanagold aka OGC picked the right day to release good drill results from two of their locations. What with gold also having a skookum few days, the shares are currently up over 10% on the day.
At their Haile gold mine gold mine in South Carolina, the ongoing resource conversion programme at Horseshoe Underground continues to pull strong intercepts like 73.8m @ 16.17g/t Au, while a similar drill programme at the nearby Palomino deposit yielded 73.2m @ 4.92g/t Au (including 9.1m @ 9.63g/t Au) in hole DDH1194 and 21.3m @ 6.15g/t Au (including 4.6m @ 16.32g/t Au). Both of these deposits are slated for future underground production, and will be part of an updated Resource Report early next year.
At the Wharekirauponga underground deposit, part of their Wahi gold project on New Zealand's south island and also slated for future production, an ongoing programme of exploration and resource conversion drilling continued to deliver high grade results like 5.0m @ 77.1g/t Au and 111.6g/t Ag and 8.4m @ 42.2g/t Au and 90.7g/t Ag. These results are from the EG Vein Zone, which still remains open in multiple directions.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34508437
Then we heard from OGC that they have replaced their credit facility with a new one that encompasses $200M credit plus a $50M accordion, and they say it is on better terms than the facility it replaces, though no details are given.
https://ca.finance.yahoo.com/news/oceanagold-refinances-revolving-credit-facility-120000474.html
Kootenay Silver aka KTN released the final set of assays from this year's drill programme at their Columba silver prospect in Chihuahua, Mexico, and the D Vein continues to deliver, with intersections like 501 g/t Ag, 0.3% Pb, and 0.7% Zn over 10.26m from 173 meters downhole within a broad 24.26m of 228 g/t Ag. The two holes reported today are located at the southern end of known mineralization.
The D vein remains open in both directions along strike and at depth, which will be followed up by more drilling in the New Year eventually leading to a Resource Report late in 2024.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34508477
Nevada gold miner i-80 Gold aka IAU released the latest results from drilling on the South Pacific Zone on its Granite Creek property. This is an area targeted for mining beginning in the first half of next year, so generating assays like 31.1 g/t Au over 21.9 m, 28.7 g/t over 16.5 m, 37.7 g/t Au over 7.6 m, & 11.9 g/t Au over 21.6 m is a real boost. Mining will begin once underground workings are extended from the Ogee Zone, where mining is currently underway. Even as underground drilling is delivering these impressive results, surface drilling is chipping in with assays like 15.5 g/t Au over 19.7m.
Mineralization from Granite Creek is being processed at Nevada Gold Mines' Twin Creeks facility until upgrades are completed at their own processing facilities.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34508492
For those who want to dig into the details, Minera Alamos aka MAI has filed on Sedar the Technical Report for the recent Mineral Resources on its producing Santana gold property in Sonora, Mexico.
https://ca.finance.yahoo.com/news/minera-alamos-announces-results-annual-213200629.html
$EVKRF News: Grid Battery Metals Announces Soil Sample Results at the Texas Springs Nevada Lithium Project Showing Average Lithium Grades of 2010 ppm
COQUITLAM, BC / ACCESSWIRE / December 14, 2023 / Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) announces the completed soil sample results from the first phase of its fall exploration program at its Texas Springs Property near Elko Nevada.
Background: Grid's Texas Spring Nevada Lithium Property
The Texas Springs Lithium Property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV:NILI),(OTCQX:NILIF). Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. On September 12, 2023, Surge announced some exciting results of its most recent drilling program at this property, and recorded its highest grades to date, with up to 8070 ppm Lithium on the Northern Nevada Lithium project. These results were followed up on December 5, 2023 with a subsequent drill program yielding core drilling intercepts with assays over 7,630 ppm and multiple horizons upon deeper drilling performed.
https://www.accesswire.com/imagelibrary/445fc814-1a0b-45fc-9d1c-3ece444842cd/816805/image.png?v=3
Texas Spring Lithium Property Soil Sample Grid
https://www.accesswire.com/imagelibrary/445fc814-1a0b-45fc-9d1c-3ece444842cd/816805/image.png?v=3
https://www.accesswire.com/imagelibrary/445fc814-1a0b-45fc-9d1c-3ece444842cd/816805/image.png?v=3
Tim Fernback, Grid President & CEO comments "Now that the first phase of the exploration program is complete, we plan to gather as a group to interpret the geological data and plan our next steps at Texas Springs for the upcoming 2024 exploration season. We have some encouraging results to discuss, which is great news for our shareholders."
Mr. Seth Cude, P.G., Grid's Qualified Person comments on the results of the program "The soil sampling shows zones of strong lithium concentrations in the northwestern region of the Texas Spring Lithium property which are on trend with strong soil results from Surge Battery Metal's Nevada North Lithium project. In addition, the CSAMT data shows the Texas Spring Property exhibits several near horizontal to gently dipping subsurface horizons which may have served as paleo accumulation basins, collecting lithium bearing clays. This information, combined with the soil assay, will help us propose excellent future drilling targets."
Soil Sample Summary Results (Phase 1 Exploration Plan)
Highlights:
High grade zone in the north of > 1000ppm at lengths of 850 m x 475 m and a second high grade zone to the south of with lengths of 200 x 175 m
Clear high grade lithium zone in the northern portion of the project area is on trend with the high-grade soil samples collected in the Surge property to the north
There are 6 soil samples with Li grades over 3,000 ppm.
A total of 810 samples were collected with values ranging from 10ppm to 5610 ppm
40 samples had grades >= 1000 ppm
Using a 1000 ppm cutoff there was an average of 2010 ppm
https://www.accesswire.com/imagelibrary/445fc814-1a0b-45fc-9d1c-3ece444842cd/816805/image.png?v=3
QA/QC
Duplicate samples were taken approximately 1 in every 20 and showed excellent correlation with the originals with an r2 value of 0.9963 and a difference in average values of 2%. Standards were also inserted approximately 1 in 20 and showed an average variation of 7% with a range of 40ppm.
Sampling Protocols
GPS units with the sample locations loaded were used by the field crew to locate the sample location, and tracks GPS are taken to locate the actual location of the soil sample. Samples were taken from the b horizon and composited and sieved over a depth of 10 to 12 inches, which is standard sampling methodology for soils. Samples were transported and secured by Rangefront from the site and then were transported directly to ALS labs in Elko by Rangefront. The samples were dried and sieved to 180 microns (80 mesh) and assayed using 36 element ME-ICP41 aqua regia analysis.
Tim Fernback, Grid President & CEO comments "Completing both a detailed geophysical survey and soil sampling program is part of a methodical and systematic approach to high quality mineral exploration for claystone lithium deposits in Nevada and will allow us to select drill targets for subsequent exploration programs in the future. "
Qualified Person
Mr. Seth Cude, P.G. is a Qualified Person as defined by National Instrument 43-101 and has approved the technical information contained within this news release.
About Grid Battery Metals Inc.
Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market. http://www.gridbatterymetals.com.
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation.
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV:NILI),(OTCQX:NILIF) and comprised of 303 mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023).
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 640 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
About the British Columbia, Nickel Projects
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite. The Mitchell Range Group area claim consists of one claim block covering 8,659 hectares with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel cobalt mineralization has not been well explored, but the presence of awaruite has been documented.
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604- 428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.
SOURCE: Grid Battery Metals Inc.
$CDSG News: CDSG RECEIVES MULTIPLE PROPOSALS FOR TITAN PROJECTS FROM LEADING GLOBAL COMPANIES
Las Vegas, NV. , Nov. 22, 2023 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) a global lithium explorer, is pleased to announce that the Companies' Board of Directors are presently evaluating strategic proposals for future rapid development of the Titan projects in Tanzania.
Due to the uniquely strong Lithium results returned during our exploration, the Company has received several proposals in relation to development of the Titan projects. Both Titan 1 and Titan 2 have attracted a high degree of interest from a number of potential strategic partners, including global industry leaders in the mining industry.
In reviewing the received proposals, the management and Board of Directors of CDSG are deeply committed to both maximizing value for shareholders of the Company, as well as for the communities nearby the projects and for the viability of an actual robust production timeline for these world class projects.
We expect that any potential strategic partner of the Companies will be committed to contribute to the success of CDSG, support the interests of Tanzania and contribute in a major way to the supply chain to major Electric Vehicle markets.
Harp Sangha Chairman of the Board stated, "Titan Lithium is pleased by the strong interest in our projects from industry leaders which shows that even at such an early stage, the Titan projects are a standout and a potential new focal point for Lithium in the global supply chain.
Our strategic review process coincides with discussions with leaders in the Tanzania government as we plan our Phase 2 exploration program that will include a parallel effort to test the production readiness of the projects source materials. All alternatives will be thoroughly considered before any strategic partner is selected or any transaction is agreed upon. We would like to wish our shareholders a Happy Thanksgiving and we look forward to providing additional updates after the holiday.”
About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), through its wholly owned subsidiary Titan Lithium, Inc., is a lithium explorer and developer with operations in Nevada, USA and The United Republic of Tanzania.
Contact:
Harp Sangha-Chairman
sanghaharp1964@gmail.com
+1-702-595-2247
http://www.titanlithiuminc.com
Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.
https://www.globenewswire.com/newsroom/ti?nf=ODk4MzMyMiM1OTM5NTkzIzUwMDEwMTQ0NA==
https://ml.globenewswire.com/media/YTAxYjU4MDAtOTdkZC00M2YyLThlMTYtNDQ2OTczOWI1OWY0LTUwMDEwMTQ0NA==/tiny/China-Dongsheng-International-.png
Source: China Dongsheng International Inc.
KDK, ARK, KTN
Previous exploration on Kodiak Copper aka KDK's MPD property in south central BC has already defined several large copper/gold porphyries in the northern part of the property. Now we hear about results from the first two holes drilled into the southern part of MPD. Historical drilling had already found mineralization in the Adit and Mid Zones, but the holes in this PR were into the South Zone.
One hole in particular delivered an outstanding intercept of 0.32% CuEq over 234m from bedrock surface, within a broader zone of 0.17% CuEq over 1053m, extending from 9 to 1062 metres downhole. Together, the two holes defined copper mineralization over 900+m of strike to a depth of 775+m. But even more important, this drilling, combined with geophysics and the historic work, suggests that South, Mid, and Adit may be part of one giant porphyry.
Drilling is over for this year so we will have to wait for next year's drilling to confirm that, but in the meantime there are still assays pending from this year's drilling.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34501872
Since they first started working in Kazakhstan in 2021, Arras Minerals aka ARK has assembled and explored a large package of copper/gold prospects, with its landholdings in Kazakhstan being exceeded only by those of Rio Tinto and Fortescue. Now they receive vindication for their strategy with the formation of what ARK is calling a 'strategic alliance' with Teck on some of those properties, totalling 1736 sq km.
It is a complicated agreement, but basically Teck will pay for further exploration plus reimburse ARK for previous expenditures. After the initial phase, Teck will pick four properties and fully fund further exploration to earn up to 75% ownership. If things proceed as envisioned, by that time Teck will have spent more than $50M on the properties. In addition Teck will also have the first option to JV some of ARK's other properties outside the current alliance should ARK decide to follow that route.
Teck has agreed to spend at least $5M exploring the properties by the end of 2025. In the meantime, ARK will continue exploration on the rest of their properties using their own funds. BTW, Teck currently owns 9.9% of ARK's shares via an earlier PP. I would not be surprised to see them eventually buy out the company altogether.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34501903
Kootenay Silver aka KTN released another set of drilling results on the D-Vein area of their Columba prospect in Chihuahua, Mexico. The D vein continues to deliver, with the headline assays including 6m core-length averaging 435 g/t Ag, 0.1% Pb, and 0.2% Zn, and 121m core-length of 60 g/t Ag and 0.1% Zn.
Perhaps the most interesting development is the complexity of the veining they are finding; in fact they are now calling this zone the D-Vein trend. As well, in one of the holes reported in this PR they believe they also encountered the upper level of the E-Vein.
Assays are pending for 2 more holes from this drilling campaign. Further drilling next year will target the D-Vein and other targets in preparation for the generation of an initial Resource Report expected in late 2024.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34501958
I hope you don't have much money invested in that company. It is EXTREMELY speculative and trades on an exchange which does very little to weed out pump and dump artists and similar scamsters.
There are a few good ones, but most OTCBB companies eventually go bust once they have finished milking unwary shareholders of their money. It is prudent to keep OTCBB investments at less than 1% of a properly constructed investment portfolio..
I don't know whether this company is one of those good ones or not. I learned long ago not to bother with OTCBB companies. I am not willing to spend the time to investigate when they are so many other companies with better pedigrees trading on better exchanges.
GLTY
LC
$CDSG: Comprehensive feature on the company's developing story to deliver high value lithium for the global battery tech market used to power electric vehicles.
https://fox59.com/business/press-releases/ein-presswire/671142033/global-firms-competing-for-development-of-high-value-lithium-assets-in-tanzania-titan-cdsg-owns-all-property-rights/
From the article:
> Lithium Mining & Natural Resource Projects in Tanzania and Nevada.
> Completed 2 Years of PCAOB Qualified Year End Financial Statements with
Subsequent SEC Form 10 Filing Being Made for Investor Transparency.
> Multiple Proposals Received for Titan Projects from Leading Global Companies.
> Restructuring Results in No Further Cash Payment Obligations for Tanzania Prospecting Licenses.
>Full Transfer of 100% Interest in the Company’s Tanzania Titan 1 and Titan 2 Prospecting Licenses to the Company Completed in November.
> Strong Lithium Geochemical Sampling Results from Surface Sampling Program at the Company’s Huge Titan 1 Lithium Property in Tanzania.
> Successfully Extended Tanzania Property North Lithium Zone with New High-Grade Samples Including 2.75% LI2O.
> Filed Form 10-12G to Register CDSG Common Stock Under the Securities Exchange Act of 1934.
> Company Set to Benefit from New Economic Initiatives Being Launched Between US and Tanzania.
> WEL Project in Nevada is Comprised of 24 Unpatented Lode Claims.
IAU, TUO, QRC, ODV
i-80 Gold aka IAU released assays for 3 more holes drillied into the Blackjack CRD deposit on its Ruby Hill project in Nevada. Blackjack continues to deliver with the feature intercepts being 10.1% Zinc, 0.3 g/t Gold, 37.0 g/t Silver & 0.6% Lead over 116.3m and 16. % Zinc, 0.5 g/t Gold, 12.4 g/t Silver & 0.1% Lead over 16.1m.
It's not just the intercepts themselves that deserve attention. One of the holes was the first drilled beneath the east side of the Archimedes pit, defining a new area of mineralization which remains open, plus they found high grade skarn mineralization 300m from a previous similar intercept, opening up the possibility that the undrilled area in between might contain more mineralization. The ongoing drilling will investigate these and other targets.
And we also get more detail on IAU's plans regarding Ruby Creek. We learn they have submitted for approval a plan to develop an underground mine at Ruby Hill with the ore being accessed via a ramp from the Archimedes pit. They are planning to start construction in 2024 to provide underground platforms for definition drilling and mining operations.
One thing we don't learn in this PR is the identity of the company that is funding drill operations at the Hilltop deposits as part of an exclusivity agreement designed to lead to a potential JV. Inquiring minds want to know...
https://www.siliconinvestor.com/readmsg.aspx?msgid=34498293
In response, Scotia issued a new analyst report on IAU calling the PR Positive but keeping them at Sector Outperform with a $4.50 target.
Teuton Resources aka TUO announced the initial exploration results from Big Gold, one of a group of 100%-owned contiguous properties located south of Treaty Creek along the Keer-Sulphurets trend that already is known to host five large deposits (including Goldstorm at Treaty Creek). This initial exploration revealed multiple prospects including 2 VMS bodies and a gold vein. (Keep in mind that these are grab samples.)
The Roman Zone, which is still emerging from under melting glaciers, yielded a sample assaying 57.1 g/t Ag, 12.10% Pb, 9.32% Zn, and 0.72% Cu, while the Zali MVS occurrence yielded a sample assaying 4.2% Zn, 0.14% Cu and, 13.2 g/t Ag. In addition, a quartz vein yielded a sample assaying 27.7 g/t Au, 6,240 g/t Ag, 1.5% Cu, 6.4% Pb, and 3.1% Zn.
The geologists think this VMS mineralization is similar to that that gave rise to world class mines in the Golden Triangle like the Eskay Creek and Anyox VMS deposits , and also Goldstorm's recent Orion discovery 5 km to the north. Expect to hear a lot more about exploration on this and the adjacent 100%-owned properties, which TUO has collectively dubbed Luxor.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34500788
Queen's Road Capital aka QRC's goal is to generate income by investing in convertible debentures in mining companies. Today things took an interesting turn when QRC disclosed they had invested in $30M in debentures not in a mining company but in a royalty company, Gold Royalty Corp, which trades as GROY on the NYSE. GROY is growing, so this seems like a good investment even though it will be financed entirely by debt. Watch for the details on that debt to make the final evaluation.
https://ca.finance.yahoo.com/news/queens-road-capital-announces-us-124500742.html
So far most of the news we have heard from Osisko Development aka ODV regarding its Tintic property in Utah has had to do with the ongoing efforts to bring the Trixie gold mine back into production. But Tintic also contains a number of other targets, and now we hear that exploration is underway on one of the most promising, Big Hill.
Two deep holes being drilled at Big Hill are looking for the Cu/Au/Mo poryphyry that provided the source material for the property's Au/Ag deposits like Trixie. To me, two holes seems like not a lot, but I presume they will extend drilling if they find what they are looking for.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34500835
Writing before Monday's big drop in the PoG, Saville noted that the PoG had just had its highest ever monthly and weekly closes, but that there would likely be a 2- to 4-week correction before the real breakout occurs. Point to Saville....
EDV, MAI, NRN
It looks like West African gold miner Endeavour Mining aka EDV has developed another top rank asset with the Tanda-Iguala deposit in Côte d’Ivoire. Since the initial discovery in 2021, EDV has completed 226km of drilling, including 163km so far this year, and now they have released an updated Resource Report declaring an Indicated resource of 4.5M oz Au at 1.97 g/t plus an inferred resource of 200k oz at 1.91 g/t Au. Huge upside potential remains with the main mineralized trend remaining open at depth and along strike. There are also multiple promising exploration targets elsewhere on the property. Drilling continues.
EDV also announced that a PFBS is underway for Tanda-Iguala with completion scheduled for late 2024. Given that the mineralization begins at surface so conventional open pit mining looks the best, that metallurgical testwork looks good, and that the infrastructure includes nearby paved highway and grid power, I expect Tanda-Iguala economic studies to show numbers worthy of a flagship asset.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34493971
In response, several brokerages issued new analyst reports. Although the updated resource increased BMO's NAV estimate for EDV by 5%, they kept EDV at Outperform with a $38 target. Likewise, Scotia saw the impact as Positive, noting Tanda-Iguala reduces the proportion of EDV's assets in troubled Burkina Faso, but kept them at Sector Outperform with a target of $41.
When Mexican gold miner Minera Alamos aka MAI's share price took off earlier this week, I expected that it meant they would shortly be announcing they have finally received permits to expand the heap leach at their producing Santana gold mine. But when MAI's quarterlies were released, it turns out that they are still waiting for those permits from a bureaucracy that has markedly slowed operations since Mexican President AMLO started in with his anti-mining statements. MAI does mentions that they are no longer receiving requests from the bureaucracy for more information, but I am not sure whether that is a positive development or not.
As to the rest of the quarterlies, I would say they are as expected. We already knew that production would be low due to water access problems earlier this year -- it came in a 636 oz Au -- and that although mining rates increased back towards normal in Q3, it takes time for the heap leach to process the ore into gold. MAI also mentions that they would like to increase production at Santana, but again, it's the permits.
Even as they start serious construction at their next mine Cerro de Oror, they remain in solid financial shape, with a cash stash of over $6.5M and working capital of almost $20M. Now we wait t0 hear about the remaining permits for Cerro de Oror, expected in Q1.
Meanwhile, the mystery of why MAI's share price suddenly took off with big volume remains. My best guess is a recommendation from a newsletter.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34494027
Northern Shield Resources aka NRN released the results of a short drilling programme of shallow holes on the Conquest zone of its Root & Cellar Au/Ag/Cu prospect in Newfoundland.. They did manage to come up with a few promising intercepts like 1.5m @ 10.4 g.t, 1.0m @ 5.1 g/t, and 2.0m @ 5.7 g/t Au. And as we have come to expect from this crew, they have a new geological theory. They now think the Conquest zone might be on the periphery of a large collapsed caldera, a geological feature which can host large deposits. (But don't hold your breath; they are good at coming up with theories that so far have not panned out.)
Further trenching is now underway. Drilling will resume in February to follow the assays mentioned above down to a presumed feeder zone, to test several other nearby anomalies, and to further test the collapsed caldera theory.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34494079
$EVKRF high profile exposure: Resource World Magazine Profiles Grid Battery Metals
COQUITLAM, BC / ACCESSWIRE / October 18, 2023 / Grid Battery Metals Inc. (the "Company" or "Grid Battery") (TSXV:CELL)(OTCQB:EVKRF)(FRA:NMK2) announces that Resource World Magazine Inc., a respected industry news writer and editorial author, has profiled Grid Battery Metals Inc. in its latest issue.
The article and corporate profile can be found by accessing the following weblink, Resource World Article. https://resourceworld.com/grid-battery-metals-is-staged-for-success-at-is-explores-for-lithium-in-nevada/
The article includes commentary by Grid's CEO Mr. Tim Fernback, a discussion of Grid's current lithium exploration programs in Nevada and the Company's proposal to spin out its BC Nickel property subsidiary to the Canadian Securities Exchange ("CSE") as a future publicly traded company, offering a future share dividend to Grid's shareholders at no addition cost.
About Research World Magazine Inc.
For over twenty years, Resource World Magazine has been reporting on the business of mining, oil & gas, green technologies and the events that affect these sectors. Resource World has become a staple periodical within the natural resource community, providing timely editorial relevant to resource stock investors, brokers, analysts and the people with boots on the ground. Formerly a monthly print publication for eighteen years, Resource World successfully transitioned over to the digital world and is now at the forefront of producing daily relevant editorial for thousands of readers.
Founded in 2002 by mining technologist and Haileybury School of Mines graduate Ellsworth Dickson whose editorial objective was to inform readers of timely investment opportunities, educate readers and offer rich, interesting fact-based content. Early in his career he worked in the geology departments of a silver-cobalt and copper mine as well as in structural geology for an engineering company. Mr. Dickson became a mining journalist in 1983 and was editor of World Investment News in the late 1980s and the George Cross Newsletter in the 1990s.
The Resource World editorial team consists of seasoned writers specializing in mining, oil & gas, economics, foreign affairs and come from a variety of occupations and positions including geologists, engineers, professors, economists and investment advisors from leading brokerage firms. Our writers cover junior mining companies, oil & gas, area plays, precious metals, rare earth, battery metals and critical minerals almost on a daily basis with nearly two hundred editorial pieces published per month. It is our commitment to deliver a source for resource-based editorial with integrity.
About Grid Battery Metals Inc.
Grid Battery Metals Inc. is a Canadian based exploration company whose primary listing is on the TSX Venture Exchange. The Company's maintains a focus on exploration for high value battery metals required for the electric vehicle (EV) market. http://www.gridbatterymetals.com.
About Texas Springs Property
The Company owns a 100% interest in the Texas Spring Property which consists of mineral lode claims located in Elko County, Nevada. The Property is in the Granite Range southeast of Jackpot, Nevada, about 73 km north-northeast of Wells, Nevada. The target is a lithium clay deposit in volcanic tuff and tuffaceous sediments of the Humbolt Formation.
The Texas Spring property adjoins the southern border of the Nevada North Lithium Project - owned by Surge Battery Metals Inc. ("Surge") (TSXV:NILI),(OTCQX:NILIF) and comprised of 303 mineral claims. Surge's first round of drilling identified strongly mineralized lithium bearing clays. The average lithium content within all near surface clay zones intersected in the 2022 drilling program, applying a 1000 ppm cut-off, was 3254 ppm. (Press release March 29, 2023). More recent results have shown higher grade lithium up to 8070 ppm on this property after initial drilling (Press release September 12, 2023).
About Clayton Valley Lithium Project
The Company owns a 100% interest in 113 lithium lode and placer claims covering over 640 hectares in Clayton Valley. Clayton Valley is a down-dropped closed basin formed by the Miocene age Great Basin extension and is still active due to movement along the Walker Lane structural zone. As a result, the basin has preserved multiple layers of lithium bearing volcanic ash, resulting from multiple eruptive events over the past 6 million years including eruptions from the 700,000-year-old Long Valley Caldera system and related events. These ash layers are thought to contribute to the lithium brines extracted by Albemarle and are also likely involved in the formation of the exposed lithium rich clay deposits on the east side of Clayton Valley.
Volt Canyon Lithium Property
The Company owns a 100% interest in 80 placer claims covering approximately 635 hectares of alluvial sediments and clays located 122 km northeast of Tonopah, Nevada.
About the British Columbia, Nickel Projects
The Mount Sidney Williams Group consists of three claim blocks with a total area of 10,569 hectares in the area surrounding Mount Sidney Williams, both adjoining and near the Decar project of FPX Nickel Corp., located 100 kilometres northwest of Fort St. James, B.C., in the Omineca mining division. Metallic mineralization includes nickel, cobalt, and chromium. At least some of the nickel mineralization occurs as awaruite. The Mitchell Range Group area claim consists of one claim block covering 8,659 hectares with demonstrated metallic mineralization including nickel, cobalt, and chromium. Nickel cobalt mineralization has not been well explored, but the presence of awaruite has been documented.
On Behalf of the Board of Directors
"Tim Fernback"
Tim Fernback, President & CEO
Contact Information:
Email: info@gridbatterymetals.com
Phone: 604-428-5690
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. This news release may contain forward-looking statements which include, but are not limited to, comments that involve future events and conditions, which are subject to various risks and uncertainties. Except for statements of historical facts, comments that address resource potential, upcoming work programs, geological interpretations, receipt and security of mineral property titles, availability of funds, and others are forward-looking. Forward-looking statements are not guarantees of future performance and actual results may vary materially from those statements. General business conditions are factors that could cause actual results to vary materially from forward-looking statements.
SOURCE: Grid Battery Metals Inc.
View source version on accesswire.com:
https://www.accesswire.com/793988/resource-world-magazine-profiles-grid-battery-metals
Thanks Lone Clone for the info about TUO.
NOVR, TUO, CCW
It's getting near the end for Nova Royalties aka NOVR. Their shareholders have voted in favour of the takeoeover by MTA. Expect the transaction to close soon.
https://ca.finance.yahoo.com/news/nova-announces-shareholder-approval-arrangement-220000511.html
Wondering why Teuton Resources aka TUO is up big today? Look no further than the release of more drilling results from the Treaty Creek property in BC's Golden Triangle, owned by TUO and two JV partners. This release contains results from only two and a half holes -- one was a wedge from a hole that failed due to ground conditions -- but contains some real doozies.
The holes were once again in the northeast quadrant of the enormous Goldstorm deposit.
Hole GS-23-177 included both long intercepts -- 517.5m @ 1.01 g/t AuEq -- but also two high grade sections of the type that improve the economics of mine development -- 82.5m of 1.92 g/t AuEq within 311.5m of 1.04 g/t AuEq plus 19.50m of 5.70 g/t AuEq (5.41 g/t Au, 1.09 g/t Ag, 0.24% Cu).
The wedge hole was even more impressive, yielding 273.75m of 2.19 g/t AuEq (1.98 g/t Au, 3.30 g/t Ag, 0.15 % Cu) that includes an enriched central core that averaged 3.51 g/t AuEq (3.23 g/t Au, 5.57 g/t Ag, 0.19 % Cu) over 123.0m. But even better, an intercept of 15.0m of 15.64 g/t AuEq (14.89 g/t Au, 4.72 g/t Ag, 0.60 % Cu) appears to correspond to a similar zone found in an earlier hole 135m to the west.
The geologists are now thinking that this represents a later mineralization event that overpinted the existing Cu/Au porphyry with a discrete high-grade gold-dominant quartz stockwork system. If they are correct, and they can increase the size of this overprint, that will be a huge benefits to the economics of any potential mine.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34491434
Canada Silver Cabalt aka CCW continues to add to its stable of properties in Quebec, which now totals over 32k hectares over 14 properties. The latest addition is Lac Guay, a 2335-ha prospect located 5km north of CCW's Lowney-Lac Edouard property. Lac Guay is also 50km north of a suite of past-producing polymetallic mines, and past sampling has found evidence of both PM and BM mineralization. Initial exploration will begin in the spring.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34491387
Saville opines that copper will likely start a dive to around $3.20 before year end as news of a US recession kicks in. This has me contemplating selling at least some of my ARG shares after the coming ex-dividend date in the hopes of reloading lower later.
$EVKRF $276 Billion EV Battery Market:
Soaring Battery Metal Demand Sets the Stage for Little-Known Explorer's Recent Acquisition in Lithium's "Silicon Valley"
Click here:
https://metalsmarketreaders.com/soaring-battery-metal-demand/?utm_source=corporateads&utm_medium=affiliate&utm_campaign=evkrf_us&utm_id=evkrf_us
TUO x 2, KTN, BTO
Today we get two pieces of news involving Teuton Resources aka TUO regarding its JV with TUD and AMK on the Treaty Creek property in BC's Golden Triangle.
The first one is harder to evaluate. Last time I reported on a PR from SEA regarding the overlap between SEA's License of Occupation vs. part of TUD's mineral claims that make up Treaty Creek. SEA's PR regarding a recent decision by the BC Ministry responsible, which they interpreted as saying thatthey could go ahead and build a tunnel through TUD's claims. Now we hear from TUD that this is not true at all, that according to the ruling and further interactions with the Ministry that SEA has no right to build that tunnel and interfere with TUD's mineral claim.
It seems on the face of it that TUD is in the right, but I am no lawyer. I will leave it for you to read the full text of the various PRs and decide fir yourself. As stuffbug pointd out, SEA had its license of Occupation before TUD got its mineral before TUD applied for the mineral tenure.
It does seem that the best possible outcome would be for the partied to enter into negotiation and come to a mutual agreement alowing SEA to build the tunnel in return for benfits to TUD and its JV partners. Or maybe SEA could just plain buy Treaty Creek and settle the kerfuffle once and for all...
https://www.siliconinvestor.com/readmsg.aspx?msgid=34486007
It is much easier to evaluate the other TUO NR, which contains another set of drill results from Treaty Creek This release is very positive.
Two more stepout holes to the northeast of Goldtorm found more very high levels of gold, e.g. 10.07 g/t AuEq over 12.0m within the uppermost portion of the 223.5m of 1.42 g/t AuEq. The higher grade stockwork section appears to correspond to a similar find hundreds of metres to the southeast, raising the possibility that these high grade stockworks might extend those hundreds of metres. Finding a high grade starter zone near surface like this one can be the key to make the construction of a mine economically viable.
These two holes also found other long intervals of mineralization, as did several holes drilled into the Perfectstorm zone. Both deposits remain open in multiple directions.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34486002
Kootenay Silver aka KTN released assays from 3 more holes drilled along the D Vein at its Columba silver prospect in Chihuahua, Mexico. They continue to hit mineralization in every hole, with the feature intercept being 29m core-length @ 208 g/t silver, 0.21% lead, and 0.46% zinc including 9.67m of 510 g/t silver, 0.2 gpt gold, 0.5% lead, and 1.0% zinc; also including 2.37m of 1,142 g/t silver, 0.1 g/t gold, 0.9% lead, and 2.5% zinc. Even better, they are starting to find additional veins flanking the main D Vein. Drill will continue, leading to an initial Resource Report next year.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34486043
B2Gold aka BTO released several sets of drill results from its Back River project in Nunavut. The first set consists of infill drilling within the Goose deposit, currently under construction as a mine, confirming and in some cases exceeding the grades and lengths expected from the existing Resource Report.
Another set of drilling was able to extend the Llama deposit several hundred metres down plunge with intercepts like 7.79 g/t Au over 22.00m, including a higher grade interval of 11.22 g/t over 14.40m. In addition, drilling at the George deposit, 50km northwest of Goose, further extended mineralization with intercepts like 19.17 g/t gold over 7.5m close to surface.
Drilling continues at all these sites and will in future include other prospects in the are.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34486100
TUO, IAU, CCW, HMLO, WHE, KRR, IPT
Seabridge Mining released some negative news for Teuton Resources aka TUO and its JV partners on the Treaty Creek project in BC's Golden Triangle. It's too complicated to explain fully here, but basically SEA and Tudor Gold have been fighting over the rights to portion of land that Tudor thought it has staked but that SEA swooped in grabbed, Tudor Gold had applied for SEA to lose their License of Occupation, but today it was announced that the attempt was rejected by the BC Ministry responsible. This is important because that stretch of land was vital for the development path the JV partners had developed for Treaty Creek. I guess it is back to the drawing board, unless TUD and SEA can negotiate some kind of deal.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34484038
i-80 Gold aka IAU released another set of drilling results from its McCoy Cove gold project, one of three Nevada mines IAU is currently bringing into production. McCoy Cove already has a reputation for high grades, which will be further enhanced by the initial results from the Helen zone, like 25.4 g/t Au over 20.1m, 28.0 g/t Au over 10.4m, and 21.0 g/t Au over 10.8m. Even better, these first drill holes are located at the western extent of Helen, so we can expect even juicier intercepts as drilling moves into the core of the deposit.
In addition, drilling in the CSD/Gap zone generated more positive intercepts like 15.7 g/t Au & 16.8 g/t Ag over 4.5m, 7.6 g/t Au & 2.0 g/t Ag over 12.2m, and 21.8 g/t Au & 4.8 g/t Ag over 10.3m. There are still 12 holes for which assays are pending, as well as approximately 80 more holes planned. In the meantime, IAu continues environmental baseline testing necessary to receive permits. As well, we can expect an updated Resource Report and an PFBS next year
https://www.siliconinvestor.com/readmsg.aspx?msgid=34484053
In response, Scotia released a new analysts report on IAU. They called the impact Positive, noting particularly how Helen is shaping up, but kept them at Sector Outperform with a target of $4.50.
Earlier this year, Canada Silver Cobalt Works aka CCW undertook a stripping programme at the Miller Lake area of this their Castle Mine property near Cobalt, Ontario. They were able to find some promising gold showings at surface, which will now be followed up by a short drill programme designed to investigate the surface gold as well as extending the holes deeper to look for silver mineralization, as the 'gold on top, silver below' pattern is common at Castle.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34484968
Hemlo Explorers aka HMLO released the results of a seven hole drill programme along the western side of their Project Idaho property in Ontario, where they are looking for mineralization similar to that found at the nearby Marathon Cu/Pd deposits being developed into a mine by GENM. They did find many instances of similar geology but alas, the assays are reported in ppm. That said, they are already planning for followup exploration next year, which they hope will yield more meaningful Cu/Pd and Cu/Ni/PGM intercepts.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34485049
The seemingly endless wait for drilling to get underway at Western Exploration aka WEX's Aura Gold/silver project in Nevada is over at last, as we finally get some assay results from a hole designed at a 250m step out from the Gravel Creek deposit. Fortunately the results are very good, as they found multiple intercepts of high grade mineralization like 4.7 m of 9.20 g/t AuEq (4.55 g/t Au and 395.4 g/t Ag) and 2.0m of 21.96 g/t AuEq (12.77 g/t Au and 780.9 g/t Ag). Even better, the mineralization is at the same level as that already found at Gravel Creek, raiding the possibility of continuous mineralization all the way from Gravel Creek.
As a result, even before getting the assays from the remaining hole, they are organized for further exploration of this new mineralized corridor. Myself, I am just glad that I only took a small initial position, because the extended delays really cratered the share price. I may add at some point.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34485079
Australian gold and nickel miner Karora Resources aka KRR released updated Resource reports on a number of their projects. They were able to add 249koz Au, an increase of 18%, to their M&I Resources now 1.8M oz Au net of mining depletion, while also increasing the grade by 8%. They were also able to increase their P&P Reserves by 6% to 575k oz Au.
This last year's drilling also increased KRR's nickel resource to 22.3kt Ni @ 2.9% plus an Inferred Resource of 13.4Kt @ 2.7%.
As KRR comments, these latest mineral inventories significantly increase mine life, and given their multi-year record of consistently increasing Resources and Reserves above and beyond mining depletion, I expect this growth to continue in coming years.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34485143
Mexican miner Imapct Silver aka IPT released their Q3 results, a mixed bag. On the one hand, revenues from their operations at Zacualpan were up 26% over Q3 last year, but costs were up almost as much, meaning yet another quarter around break even, primarily thanks to them being able to sequence mining to increase Au production (along with the usual Ag and Pb). Also during Q3, they restarted production after doing upgrades at the recently acquired Plomosas Zn mine, and continue to project it becoming profitable as they increase production.
IPT remains in good financial shape, with a cash stash of $8.9M and no debt. Now we wait to see whether the recent initiatives and easing of foreign exchange rates and inflation in Mexico have a positive effect.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34485188
Of late, Saville has been focused on the inverse relationship between the PoG and the US 10-year TIPS yield. In his latest newsletter, he refines that relationship a bit, showing that over the last few years, it is not necessary for the TIPS yield to decline for the PoG to increase. Rather, as long as gold's fundamentals are supportive, all that is needed is for the TIPs yield not to go up. In fact, he goes a bit further and opines that all we will need for gold to make new ATHs next year is for the TIPS yield to stay below the high of 2.50% high it made on October 6th.
$CDSG ANNOUNCES RESTRUCTURING OF EARN-IN AGREEMENT FOR 100% INTEREST IN THE TITAN 1 AND 2 MINERAL LICENSES IN TANZANIA
Las Vegas, NV., Nov. 20, 2023 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) as a result of the restructuring, the Company has no further cash payment obligations for 100% ownership of the Titan 1 and Titan 2 Prospecting Licenses and that all claims to Net Smelter Return (“NSR”) holdings have been relinquished.
The restructuring will result in a $6,275,000 reduction in payments and potential ownership of NSRs for the Company on the projects.
“The Titan Lithium Projects are proving to be world class standouts in both size and grade,” commented Craig Alford, CEO, and a Qualified Person under 43-101. “Gaining full ownership of the projects is an enormous step forward for the Company and its shareholders.”
Both licenses are now available to be viewed on the company’s website on the "About Us" tab.
About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), through its wholly owned subsidiary Titan Lithium, Inc., is a lithium explorer and developer with operations in Nevada, USA and The United Republic of Tanzania.
Contact:
Harp Sangha-Chairman
sanghaharp1964@gmail.com
+1-702-595-2247
http://titanlithiuminc.com
Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding intent, belief or current expectations of the Company, its directors or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.
https://www.globenewswire.com/newsroom/ti?nf=ODk4MjM1OCM1OTM2OTgxIzUwMDEwMTQ0NA==
https://ml.globenewswire.com/media/YjNjYjU0YjYtOTIyOS00MTMxLWFkYWItNjBjMTQ5NDQ2NTk3LTUwMDEwMTQ0NA==/tiny/China-Dongsheng-International-.png
Source: China Dongsheng International Inc.
$CDSG Titian Lithium, Inc. is carving out a unique space to meet the United States’ growing demand for lithium. Lithium carbonate is a critical component of lithium-ion batteries, which are highly coveted for electric vehicles and devices.
As a Nevada-based lithium explorer and developer, CDSG Lithium’s principal activity is advancing its lithium project adjacent to the TLC project in Nye County, Nevada. The company maintains a dual focus on acquiring and developing opportunities in the natural resource sector and complementary technologies.
Learn more here:
https://titanlithiuminc.com/about-us/
$CDSG ANNOUNCES TRANSFER OF PROSPECTING LICENSES IN TANZANIA
Las Vegas, NV., Nov. 17, 2023 (GLOBE NEWSWIRE) -- Titan Lithium Inc., (OTC Markets: CDSG) (the “Company” or “CDSG”) is pleased to announce it has completed the full transfer of 100% interest in the Titan 1 and Titan 2 Prospecting Licenses in Tanzania into the Company’s’ Kilimanjaro Lithium Ltd (“KLL”) subsidiary.
Mineral rights in Tanzania are held under a number of types of licenses granted under the country’s comprehensive Mining Act. Exploration projects are held by a Prospecting License (“PL”) which allows the holder to conduct a wide range of exploration work until such a time as a mining license is required for exploitation.
The vendor completed the transfer of 100% of the two Prospecting Licenses for Titan 1 and Titan 2, PL 12353/2023 and PL 12338/2023, into KLL on November 14, 2023. The Prospecting Licenses that were transferred were duly recorded pursuant to section 123(1) of the Mining Act in the central register on November 16, 2023. The licenses will be available to view on the company’s website on the “About Us” tab .
These two PLs are considered prospective to the discovery of sediment hosted lithium style mineralization within a country rich in mineral resources. Tanzania is endowed with many types of minerals including gold, iron ore, nickel, copper, cobalt, gemstones, industrial minerals as well as rare earth minerals.
Tanzania is the fourth largest gold producer in Africa and home to advanced critical mineral projects such graphite, lithium and the high-grade nickel-copper-cobalt Kabanga deposit. Earlier this year, under a Presidential plan to fast track such deposits, Tanzania signed agreements worth $667 million for graphite and rare earth projects with several Australian Mining firms. As well, in February 2023, EV maker Tesla signed an agreement under which it will purchase between 17,500 to 35,000 tons per annum of Anode Active Material (AAM) from a producer in Tanzania
“Working closely with the vendor we are very pleased to have the licenses fully transferred”, commented Chairman Harp Sangha. “Our next steps will include the commencement of work that will include a strategic drill campaign designed to produce a maiden mineral resource that we hope will elevate the projects significantly.”
About the Company: China Dongsheng International Inc. (OTC Markets: CDSG), through its wholly owned subsidiary Titan Lithium, Inc., is a lithium explorer and developer with operations in Nevada, USA, and The United Republic of Tanzania.
Contact:
Harp Sangha-Chairman
Sanghaharp1964@gmail.com
+1-702-595-2247
http://www.titanlithiuminc.com
Forward-Looking Statements:
This press release may contain "forward-looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995, such as statements relating to financial results and plans for future development activities and are thus prospective. Forward-looking statements include all statements that are not statements of historical fact regarding the intent, belief or current expectations of the Company, its directors, or its officers. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond the Company's ability to control. Actual results may differ materially from those projected in the forward-looking statements. Among the factors that could cause actual results to differ materially from those indicated in the forward-looking statements are risks and uncertainties associated with the Company's business and finances in general, including the ability to continue and manage its growth, competition, global economic conditions and other factors discussed in detail in the Company's periodic filings with the Securities and Exchange Commission.
Thanks for your view of this situation. I hope to live that long.
KRR, EDV, WM
Australina gold/nickel miner Karora Resources aka KRR announced its Q3 financial results. We already knew production was down slightly from Q2 to 39548 oz Au due to less ore mined and processed, and now we know costs were also down slightly to $1062/oz Au, and that they would have been even lower if they had sold the nickel they mined during the quarter. (It is still in inventory awaiting a future sale.)
In spite of adding to their mining fleet and completing a new ventilation raise, both to allow them to increase production significantly next year, they managed to add $13M to their cash stash, leaving it at $84M at quarter's end, so they are well-funded to deliver that increase in production. In addition, I am starting to wonder if that cash balance might lead to a transaction either as acquirer or target.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34475166
In response to last week's Q3 results release by Endeavour Mining aka EDV, BMO issued a new analyst report detailing a number of positives, esp. the earnings beat and growth pipeline, as well as likely meeting 2023 guidance, but kept EDV at Outperform with a target of $38.
Having already declared a large resource at its flagship Fenelon gold project in Quebec, this year Wallbridge Mining aka WM has been focused on regional exploration on other targets in the area. Their latest PR details the results of initial exploration at Grasset Gold, located about 15km east of Fenelon. They are pretty excited about what they have found so far, increasing the drill programme from 5km to 10.5k halfway through the very first hole. based on what they had seen in the core.
So far they have been able to establish gold mineralization over about 1km strike length, with intercepts like 3.20 g/t Au over 2.50m within a wider interval of 1.22 g/t Au over 8.50 m, and 4.36 g/t Au over 0.95m at a depth of just over 100m. Further assays are pending and drilling is ongoing.
https://www.siliconinvestor.com/readmsg.aspx?msgid=34477316
In this weekend's newsletter, Saville took on something that is being discussed a lot of late, the naked shorting that is supposed to be suppressing speculative gold stocks traded in Canada. He compares the performance over the last five years of the SPXV Composite Index (largely made up of gold juniors) with that of the Australian Emerging Gold Producers Index and the Australian Junior Gold Explorers Index over the same time period. Even though rules against naked shorting are rigidly enforced in Australia but not so much in Canada, the performances of the three indices are virtually identical.
He opines that rather, the poor performance of gold juniors in both Australia and Canada over the last five years is caused the lack of speculative interest by the general public in what are generally illiquid sticks.Hence, he suggests sticking to the larger producers, the type that hedge funds keep liquid, until gold and the gold mining stocks break out to new ATHs, likely in the first half of next year.
I do find his line of argument re naked shorting persuasive, but I am going to ignore his advice and continue accumulating shares in smaller producers and developers while I wait for those breakouts.
You've got to figure that whatever transaction eventually happens regarding Treaty Creek will consume TUO, TUD, and AMK and spit out at least three, maybe more companies containing the rest of their assets. I don't follow AMK very closely but TUD and TUO have already taken steps which will make such a transaction easier to complete. You have to wonder is SEA will also get swept up in the deal-making.
How many years will it take? At least a few more, IMO.
LC
Actually I am heavily into American Creek and Tudor Gold. I had some TUO and like to keep up.
This board is for discussing junior miners in both base and precious metals. The commodities boom appears to be a longer term issue so these stocks should become more important as investors try to find small companies that are discovering new deposits.
The typical scenario is that the big companies have such high overhead that they can only look for huge deposits. However as commodities rise in price and all producers max out production, the larger players struggle to replace reserves. The junior miners typically fill that role by finding deposits and then selling out to the cash rich bigger players.
My normal investing strategy is to look for profitable stocks with low p/e's. That strategy is difficult with mining stocks because most are not in production or are losing money.
My alternative strategy is to look for miners with near term potential to begin production. Those are the stocks that I will attempt to focus on along with any stocks that are actually profitable.
Bobwins
FAVORITE JUNIOR NICKEL MINERS:
FAVORITE JUNIOR ZINC MINERS:
Zinc prices have underperformed relative to other base metal prices during the commodity boom of 2010-11. There is supposed to be a surplus in supply in the near term but significant shortages could develop over the next few years. Several large zinc mines are slated to run out of reserves during this time period and demand is expected to continue to increase.
FAVORITE JUNIOR COPPER MINERS:
China remains the most important barometer of base metal fortunes. If their economy continues to grow, copper usage and prices will continue to be supported at the current high levels.
Capstone Mining Corp CS.to/CSFFF.pk
F.D. 82.1M, The company is buying back 10% its shares from mid 07-mid 08. Holding ~20m shares of SST.v plus warrants.
Cash cost about 40c copper net byproduct credit, going lower as smelter charges drop in 08 and lead price jumps.
Recently increased its mill output by 120% under budget. Guiding 26 M lb of copper, 11.3M lb of zinc and 4.1M lb of Lead in 08.
New resource update by sep 07.
http://www.capstonemining.com/
QUADRA MINING QUA.to/QADMF.pk
S.O. 38.1M + 3.9M (InterMoly) + 12M (PP, fully allocated)=54M
F.D. 42.6M + 3.9M (InterMoly) + 24M (PP, fully allocated)=70.8M
2007 guidance: 125 M lb copper and 60 K oz gold
Q1 2007 production: 36.6 M lb copper and 31 K oz gold. Cost: ~$1.5/lb
http://www.quadramining.com
Taseko Mines Ltd. (TGB)
S.O. 113.6 M
F.D. 126.4 M
2007 guidance: 60-70M lb copper and 1 M lb of moly. Cost: ~$1.5/lb
Production set to increase to 120 M lb copper and 1.4 M lb of moly in late 2008 and cost will go down to close to US$1.1/lb area.
http://www.tasekomines.com
FAVORITE JUNIOR GOLD MINERS:
FAVORITE JUNIOR SILVER MINERS:
AURCANA AUN.v AUNFF.pk
S.O. 90.4M
F.D. 105.5M
http://www.aurcana.com/
FORTUNA FVI.to FVITF.pk
Profitable mine in Peru has financed much of the development of their new mine in Mexico. Producing over 2million oz of silver now, targeting 5million+ oz in 2013 when new San Jose mine should be at full production capacity.
http://www.fortunasilver.com
SCORPIO MINING SPM.to SMNPF.PK
http://www.scorpiomining.com/
SILVER WHEATON SLW
http://www.silverwheaton.com
Silver Wheaton is the biggest silver streamer. They finance many junior miners by buying future production of silver at fixed prices. The typical price they pay is 3.90/oz. The miner gets needed financing to bring mines into production and SLW gets all or a percentage of their future silver production. Silver Wheaton has financing power that many juniors lack. Now that they have been in business for several years, their initial investment projects are coming into production and raising SLW's production levels. Lower risk way to play silver because of diversification and lack of mining risk. SLW is relatively low overhead. They have a small office staff of finance experts who continue to add deals to the portfolio and production without significantly adding to overhead now and in the future.
FAVORITE JUNIOR URANIUM MINERS:
Worldwide, there are hundreds of nuclear powerplants on the drawing board. The current mining supply is well below current usage. The deficit is being supplied by Russia from deactivated nuclear warheads. That program is going to end in 2013 and Russia has indicated they will retain whatever is remaining of their inventory for their own nuclear powerplant use. As that deadline approaches, there is more and more likelihood that uranium will increase in price.
Strathmore Minerals STM.v STHJF.pk
http://www.strathmoreminerals.com
Near term producer, with two projects being advanced towards production. Strathmore has a JV with Sumitomo to develop Roca Honda in New Mexico and is pursuing licensing for the Gas Hills Project in Wyoming. Strathmore has a large acreage position in the US of prospects that it intends to JV or sell to concentrate on it's core products. These properties were acquired many years ago at very low prices.
Uranerz Energy URZ
http://www.uranerz.com
FAVORITE JUNIOR MOLYBDENUM MINERS:
FAVORITE JUNIOR TUNGSTEN MINERS:
DYNACOR MINES DYN.to MSDRF.PK
http://www.dynacor.com/
FAVORITE JUNIOR LEAD MINERS:
MontyHigh's blog, quite informative: http://montyhigh.typepad.com/world_of_wallstreet/
A Good web site for juniors: http://miningpedia.com/
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