Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
Register for free to join our community of investors and share your ideas. You will also get access to streaming quotes, interactive charts, trades, portfolio, live options flow and more tools.
How's everyone doing?? Gold, silver and the miners are getting exciting again!
I think we're headed back for a $1350 retest. What's everyone else's thoughts? If $1350 level holds I think we have a huge opportunity to load up on long dated calls in the mid tier gold and silver miners.
Thanks, its been a wild ride with K92 but I think we have a ways to run ahead of us. It sure helps having one of the lowest AISC in the world and continue to hit high grade veins while drilling.
On a macro level I think the next stop will be a retest of $1350 with a shakeout of the miners. My longer term plan is to load up in some 6-12 month dated calls if we hold the 1350 area. The next major move up in gold could run all the way to $1900. If so the junior sector is going to go parabolic.....
Nope I'm still long tons of K92 and loving it. I had to stop watching the day to day fluctuations in the market. It was making me feel crazy lol!
Great news and day here. I'm still long a huge position in K92 even though I'm not posting.
We still need to break that $1360-1400 level that has remained a resistance zone for years. Once that gets broken and held the gold and silver mining space is going to become one of the hottest sectors of the market.
Mawson Drills 15.2 Metres @ 8.5 g/t Gold Equivalent In 275 Metre Step Out At Palokas, Finland
Vancouver, Canada — Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces gold-cobalt drill results from 2 holes at the Palokas prospect from the Company’s 100% owned Rajapalot Project in northern Finland. Fourteen holes with full assays remain to be reported from the 44 drill hole winter program.
In one of the most significant advances made at the Rajapalot gold-cobalt project this year, drill hole PAL0194 intersected 15.2 metres @ 8.5 g/t gold equivalent (“AuEq”), 4.3 g/t gold (“Au”) and 2,566 ppm cobalt (“Co”) from 418.7 metres (Figures 1-4) and was drilled 275 metres down-plunge from the high-grade gold-cobalt mineralization previously announced at Palokas. The intersection, in which both visible gold and cobaltite were noted in the core, is located approximately 425 metres down plunge from the surface whereas the nearest previous high-grade drill hole (PAL0030 (10.0 metres @ 10.8 g/t AuEq, 9.9 g/t Au and 562 ppm Co from 110.2 metres) is located about 150 metres down plunge from surface. The results from this hole effectively triple the potential high-grade gold-cobalt mineralization trend at Palokas and it remains open at depth and to the north. This result shows the strong potential to significantly increase the known resources at Palokas.
Also noteworthy is the high cobalt content in PAL0194 compared to other holes on the property. The highest-grade interval in PAL0194 assayed 1 metre @ 23.6 g/t Au and 1.5% Co (47.7 g/t AuEq). The Rajapalot project is a significant and strategic gold-cobalt resource for Finland with the maiden resource positioned as one of Finland's current top three gold resources by grade and contained ounces and one of a small group of cobalt resources prepared in accordance with NI 43-101 policy within Europe.
Mr. Michael Hudson, Chairman and CEO states: “The 2019 drill program is now delivering across multiple prospects. This is an extremely strong result, tripling Palokas’ high grade potential with PAL0194 intersecting 15.2 metres @ 8.5 g/t AuEq from a 275 metre step out below high-grade mineralization. The targeting of such broad step-outs is a credit to our technical team, and was developed using careful analysis of the Au-Co grade distribution combined with geophysical conductors, highlighting the importance of the knowledge gained during the last two drill campaigns across the Rajapalot project area. The Palokas high-grade zone remains open up and down-plunge of PAL0194 and to the north of the conductive trend.”
PAL0194 validates the Company’s drill targeting methodology and confirms the significant linear down-plunge extensions to Palokas interpreted from the modelled ground-based electromagnetic (“TEM”) conductors. PAL0194 effectively triples the potential for high-grade mineralization at Palokas with the mineralized shoot, open up and down plunge, and also to the north where the limits of the conductive body have not been tested. Other high-grade intersections within the Palokas shoot include PRAJ0009 (30.8 metres @ 7.9 g/t AuEq, 7.1 g/t Au and 525 ppm Co from 2.5 metres) and PAL0027 (21.3 metres @ 6.2 g/t AuEq, 5.4 g/t Au and 482 ppm Co from 27.5 metres).
Further drilling on the linear high grade trend at Palokas is required, but the similarities to the linear trend at Raja prospect, located 1.4 kilometres SSE of the Palokas prospect, are immediately evident. Drilling on fans across the plunge of the Au-Co mineralization at Raja prospect has been the key to successfully targeting high-grade Au-Co mineralization.
Mawson completed 44 holes (PAL0159–PAL0201D1) for 15,059 metres (two short holes abandoned, one wedged hole) during the 2019 winter drill season. Results from 2 holes from Palokas prospect are provided here (PAL0194, 200, Tables 1-4). Fourteen holes with full assays remain to be reported that were predominantly drilled down plunge from resource areas including PAL0191 (Raja) and PAL0198 (South Palokas), where sulphidic (pyrrhotite-rich) intersections with visible gold provide encouragement.
The Palokas mineralization contains abundant pyrrhotite in a magnesium and iron-rich silicate matrix. The gold occurs as free grains, most commonly on the margins of sulphides and the high cobalt zones are dominated by the mineral cobaltite. The pyrrhotite is well connected to create a strong conductor, in the order of 6 times that measured at Raja prospect. The ground-based model TEM plate extends over 650 metres down plunge and is only terminated by the position of the ground loop layout. Signs of proximity to mineralization (“near hit”) in drill core include reduced sulphidic rocks and iron-magnesium-rich silicate minerals. The next deeper hole (PAL0200) reported here did not hit the desired target and is regarded as a “near-hit” where highly altered and sulphidic (up to 2 wt % S) rocks contained 1.0 metre @ 0.6 g/t AuEq, 0.1 g/t Au & 298 ppm Co from 466.4 metres. Drilling to the north of this location on the high-grade trend is required. The Palokas and South Palokas prospects appear to anastomose at depth and are now less than 350 metres apart horizontally.
Mawson will continue to release results from the 2019 drill program as assay data become available.
Gold Is The One Constant In An Age Of Eroding Trust, Incrementum
nice article here with charts:
https://www.zerohedge.com/news/2019-05-28/gold-one-constant-age-eroding-trust-incrementum
Could This Newly Discovered Gold-Loving Fungus Reveal Massive New Gold Deposits In Australia?
Anna Golubova
Monday May 27, 2019 22:31
Could This Newly Discovered Gold-Loving Fungus Reveal New Massive Gold Deposits In Australia?
(Kitco News) - Australian scientists discovered a new type of fungus that decorates itself with gold nanoparticles it absorbs from deposits below the surface.
The discovery, published in the Nature Communications journal last week, could be a game changer for miners trying to pinpoint new massive gold deposits hiding underground, according to author and geomicrobiologist of the Commonwealth Scientific and Industrial Research Organisation (CSIRO), Tsing Bohu.
“We show fungi, a major driver of mineral bioweathering, can initiate gold oxidation under Earth surface conditions, which is of significance for dissolved gold species formation and distribution,” the report stated.
The strain of the Fusarium oxysporum fungus, which looks like a fluffy pink organism that surrounds itself with gold nanoparticles, was found in Boddington, Western Australia, located about 80 miles south-east of Perth.
“Fungi can oxidise tiny particles of gold and precipitate it on their strands – this cycling process may contribute to how gold and other elements are distributed around the Earth's surface,” Bohu said.
The researchers made the discovery when experimenting with microbes found in the gold-rich soil of Western Australia.
What makes this fungus unique is its ability to dissolve gold by producing a chemical known as superoxide. After dissolving the metal, the fungus can then turn the absorbed metal back into solid form, the report highlighted.
“We observed the precipitation of gold on the surface of the fungus,” Bohu stated. “Gold is so chemically inactive that this interaction is both unusual and surprising – it had to be seen to be believed.”
The research team will continue to look into how the fungus is able to interact with gold and whether or not its presence can be indicative of bigger gold deposits below the surface.
“We want to understand if the fungus we studied ... can be used in combination with these exploration tools to help industry to target prospective areas,” CSIRO chief research scientist Ravi Anand said.
Gold prospectors, however, should not get ahead of themselves by traveling to Western Australia in search of new gold deposits based on the location of the fungus, as it can only be spotted under a microscope.
Either way, the news could be big for Australia — the world’s second-largest gold producer, especially because the nation’s gold output is projected to decline in the next five years, according to the S&P Global Market Intelligence report published in April.
It is estimated that the mining nation will fall into fourth place by 2024, surpassed by Canada and Russia.
“Australia's production is expected to fall the most. The current second-largest gold producing nation behind China is expected to fall to fourth place globally in 2024,” S&P Global Market Intelligence analyst Christopher Galbraith said.
By Anna Golubova
For Kitco News
https://www.kitco.com/news/2019-05-27/Could-This-Newly-Discovered-Gold-Loving-Fungus-Reveal-Massive-New-Gold-Deposits-In-Australia.html
Gold Prices No Longer Attractive; Look Elsewhere For Defensive Assets, Says Wells Fargo
Kitco News Kitco News
Tuesday May 28, 2019 11:16
(Kitco News) - Gold prices no longer look attractive based on the way the yellow metal has reacted to recent economic events, this according to John LaForge, head of Real Asset Strategy at Wells Fargo.
“Stocks, in the last few weeks have hit, and you see the days when stocks really get hit, and what does gold do? Gold is up $3, it’s up $5, it’s up $7. I think where we are in this gold super cycle, this long cycle with commodity prices, is we’re kind of in the dull period,” LaForge told Kitco News.
LaForge noted that gold’s complacent reaction to the volatility the markets have experienced is uncharacteristic of a safe haven asset, adding that there are “better” defensive asset alternatives for investors.
“If you want to get defensive, you’re almost better off in other defensive assets too, so the dollar versus say, gold, if you see volatility. Gold’s just not acting that well, frankly,” he said.
Since January, the U.S. dollar index, DXY, has trended upwards, climbing almost 3%, while gold prices have stayed relatively unchanged year to date.
LaForge said that cryptocurrencies may not be to blame for gold’s lackluster performance, as digital coins are still a relatively new asset.
On price forecasts, LaForge maintained his $1,300 an ounce target, saying that the range would be expected to be between $1,250 to $1,350 an ounce.
“I’d say now though, your bias is probably to the downside. I’m not changing the target, I’m still at the $1,300 target, but I’d say if there’s bias it is to the downside,” he said.
It all comes down to the fact that “there’s just no interest left in [gold],” LaForge said.
By Kitco News
For Kitco News
https://www.kitco.com/news/2019-05-28/Gold-Prices-No-Longer-Attractive-Look-Elsewhere-For-Defensive-Assets-Says-Wells-Fargo.html
Russian Central Bank Eyes Gold-Backed Crypto
Authored by Alex Kimani via SafeHaven.com,
First there was Tether; a controversial dollar-backed cryptocurrency by crypto exchange firm, Bitfinex. Then came Petro, the industry’s first oil-backed crypto issued by the Venezuelan government last year. And now we might be about to see the first gold-backed cryptocurrency—by a central bank, no less. According to Russian news agency, TASS, Russia’s central bank, the Bank of Russia will consider issuing gold-backed cryptocurrencies - a rather strange move considering how cryptocurrencies are generally anathema to central banks.
Shot in the arm
But before crypto bugs can start doing a round of high fives, the head of the Bank of Russia, Elvira Nabiullina, has revealed that the cryptocurrencies are not meant for retail use but rather for conducting big mutual settlements for entities with global jurisdictions.
In other words, only the heavyweights will get to lay their hands on them. Further, she says that she still believes that it’s better for countries to develop international settlement systems such as the Eurasian Economic Union (EAEU) framework that use their own national currencies noting the said framework has demonstrated good dynamics.
Finally, she admonishes that the latest twist should not be interpreted to mean that the bank supports a scenario where cryptocurrencies eventually replace fiat in the monetary system.
The Bank of Russia’s latest move is a belated concession that cryptocurrencies do have a place in the modern monetary system, whether banks and financial institutions like it or not. It’s a big shot in the arm for an industry that has endured so much unmerited criticism, animus and outright rejection.
Last month, the Bank of Russia released a policy brief outlining the potential benefits of CBDCs (central bank digital currencies) including being less risky than existing systems and a more liquid asset that can lower transaction costs.
It’s worth noting that the bank cited anonymity as the only major drawback of CBDCs (and possibly cryptos by extension).
Russia’s largest bank is not the only one to endorse cryptos--though it’s the only central bank to-date to expressly say it’s seriously considering launching one.
A couple of days ago, the European Central Bank (ECB) declared thatcryptocurrencies are not a threat to the region’s financial stability. Closer home, JPMorgan launched JPM Coin in February, a stablecoin meant for clients of its wholesale payments business. Each JPM Coin is pegged to a dollar.
Finally last year, a banking consortium launched We.Trade, a challenger to Ripple, the cryptocurrency that facilitates interbank transfers.
Commodity-backed cryptos survive
Recently, CoinTelegraph reported that Bank of Russia was discussing mutual settlements with Venezuela in Petro and the Russian Ruble. That will certainly mark a major milestone for Maduro’s infantile cryptocurrency.
When President Maduro’s beleaguered government launched Petro last year, we dismissed it arguing it was destined to fail due to lack of trust from the community with commodity-backed cryptos having their fair share of scandals. What we failed to anticipate was the brutal determination by the Venezuelan government in making sure it’s brainchild not only survives but thrives.
Since then, Maduro has elevated Petro to an alternate official currency while using underhand tactics such as converting pensioners’ payments to the cryptocurrency without their consent in a bid to make it go mainstream. Popular crypto blog CCN reported in January that Petro seems to be alive and well despite lack of evidence for the oil stockpiles that are supposed to back it up and also being user-unfriendly.
And now Venezuela’s Petro is about to get a new lease on life after teaming up with another renegade. Both countries eschew the dollar viewing it as being too dominant and hope the new cryptocurrency will help them ditch the American currency.
Yet another stablecoin—the dollar-backed Tether—seems to be doing well, too, despite its share of controversies. A month ago, New York AG charged Bitfinex with dipping into its Tether cash reserves to cover up internal losses.
The fact that many commodity-backed cryptos seem to be surviving major trust issues is almost a validation of the whole idea of having a physical commodity back-stopping a digital currency.
The new ones by Russia’s central bank will have a much lower hurdle to clear.
https://www.zerohedge.com/news/2019-05-28/russian-central-bank-eyes-gold-backed-crypto
This $72 Billion Fund is Shorting the Dollar in a Contrarian Bet
By Ruth Carson
May 27, 2019, 6:00 PM MDT Updated on May 28, 2019, 7:58 AM MDT
Brandywine Global is buying Treasuries to hedge EM bond risk
Policy stimulus seen helping global economy reach soft landing
The dollar’s rally may be approaching an end as pressure mounts on U.S. President Donald Trump to strike a trade deal with China, according to Brandywine Global Investment Management LLC.
The money manager, which oversees $72 billion, is banking on this view to short the greenback and buy some of the biggest casualties of the trade war, including the Australian dollar. The rationale? Trump will be compelled to make peace with Beijing to protect the interests of American consumers.
“The tariffs are essentially a tax on the U.S. consumer,” Richard Lawrence, a money manager at Brandywine Global, said in an interview in Singapore. “We keep replaying this and come to the conclusion that we think Trump is motivated to do a deal. All of the traditional support pillars for U.S. dollar outperformance seems to be eroding -- or they’re gone already.”
Greenback has gained versus emerging-market currencies amid trade tensions
Brandywine Global’s wager puts it at odds with a growing consensus that the worst of the trade war is yet to come as Beijing and Washington harden their stance after Trump threatened to unleash more tariffs on Chinese goods. Treasury yields have fallen to levels unseen since 2017, with the 10-year on Tuesday touching 2.27%. And investors including Goldman Sachs Asset Management have turned more cautious on emerging markets amid a flight to safety.
The dollar climbed to this year’s high after discussions between the world’s biggest economies broke down this month, when the U.S. warned of more tariffs and put Huawei Technologies Co. on a blacklist. Beijing said it would retaliate, prompting Wall Street banks including JPMorgan Chase and Co. to reassess the odds of a trade deal.
But in Brandywine Global’s longer-term view, Trump’s show of hostility may be part of a strategy to drum up support among conservative voters ahead of the 2020 U.S. election.
“We think it’s another round of aggressive posturing,” Lawrence said. “As a value-based investor, we’re contrarian by nature. We’re trying to buy discounted assets.”
Trump said on Monday the U.S. was “not ready” to make a trade deal with China, and that tariffs on Chinese goods “could go up very, very substantially, very easily.”
Indonesia, Brazil
Brandywine Global favors bonds of higher-yielding emerging markets such as Indonesia, Brazil, South Africa, Malaysia, Mexico and Colombia. It is underweight markets with low or negative real yields such as Japan.
The money manager also likes the Australian dollar, which has weakened versus most of its major peers in the past month. The currency, which was hovering around 69 U.S. cents in Tuesday trading in New York, is poised to climb to 70 to 75 U.S. cents in the next year as it’s undervalued and will gain some support from China’s demand for commodities, according to Lawrence.
The portfolio manager is deriving an average yield of around 3% to 6% from various funds consisting of longer-maturity Treasuries and high-yielding emerging-market debt, Lawrence said. The firm likes U.S. government debt due in 30 years, and expects yields on 10-year Treasuries to edge lower by year-end.
“There will be a soft landing for the global economy, that’s the core view that all of our portfolios are positioned for right now,” Lawrence said. “We think there’s sufficient policy stimulus with the Fed’s shift, the People’s Bank of China clearly in stimulative mode.”
https://www.bloomberg.com/news/articles/2019-05-28/dollar-reign-nears-end-as-trump-to-cut-trade-deal-fund-says
Bluestone Drills More High-grade Intercepts including 5.4 meters of
11.9 g/t Au and 84.5 g/t Ag
May 29, 2019 – VANCOUVER, BRITISH COLUMBIA – Bluestone Resources Inc. (TSXV:BSR | OTCQB:BBSRF) ("Bluestone" or the "Company") is pleased to announce further high-grade intercepts drilled as part of the infill resource conversion program at its Cerro Blanco Gold project. The primary focus of the program is to upgrade a portion of the Inferred Resources identified during the previous drill program completed in 2018.
The Cerro Blanco Feasibility Study (see press release January 29th, 2019) highlighted some 357,000 ounces of Inferred Resources (1.4 Mt grading 8.1 g/t Au) that could be potentially converted to Measured and Indicated Resources through infill drilling. Additionally, the program is also designed to define new resources along known veins in the mine plan that extend outside of the current resource envelope.
All holes cited in this press release were drilled from various platforms located in the North Ramp of the Cerro Blanco underground workings with the exception of hole UGCB19-134 which was drilled from the South Ramp. The majority of holes were drilled at sub-horizonal to positive angles (upwards) and designed to target Inferred Resources within the upper parts of the resource, with targeted veins successfully intercepted. Of note, hole UGCB19-136 was drilled at +22 degrees into the upper part of the deposit, intercepted a wider than expected zone of 11.9 g/t Au and 84.5 g/t Ag over 5.4 meters due to the coalescing of several structures.
The south-eastern part of the South Ramp orebody is host to a swarm of vertically extensive sub-vertical quartz veins with limited drilling and excellent potential to define additional ounces. Hole UGCB19-134 intersected six corresponding veins all of which are outside the current resource, including 3.9 meters grading 11.8 g/t Au and 83 g/t Ag.
A plan view showing drill hole locations, sections and core photos can be accessed by clicking HERE.
Results for a total of 39 holes have now been released to date as part of the Infill resource conversion program. Drilling is ongoing and further results will be reported in due course.
Precious metal mineralization at Cerro Blanco is associated with classic low sulphidation adularia-sericite epithermal quartz veins and vein swarms hosted in altered sequence of volcanoclastic and sedimentary rocks. Higher grades (>20 g/t Au and >60 g/t Ag) are normally associated with visible gold and silver sulphides in ginguro-style colloform-banded veins.
I was in Integra Gold Corp a few years ago when they got bought out at a ~50% premium by Eldorado. The same management now is running a company called Integra Resource Corp (ITR.V) It's quite undervalued IMO and has a proven team behind it.
Mawson Building High-Grade Core At The Raja Prospect, Finland Drills 19.7 metres @ 8.9 g/t Gold Equivalent
Vancouver, Canada — Mawson Resources Limited (“Mawson”) or (the “Company”) (TSX:MAW) (Frankfurt:MXR) (PINKSHEETS: MWSNF) announces gold-cobalt results from 5 drill holes at the Raja prospect from the Company’s 100% owned Rajapalot Project in northern Finland. Sixteen holes with full assays remain to be reported from the 44 hole winter drill program.
The best result is PAL0190 which intersected 19.7 metres @ 8.9 g/t gold equivalent (“AuEq”), 7.4 g/t gold (“Au”) and 908 ppm cobalt (“Co”) from 371.0 metres, confirming a 250 metre-long high-grade Au-Co core that remains open down plunge. PAL0190 was drilled to target this high-grade trend, providing encouragement on the continuity of the high-grade core and the ability to target high grade mineralization.
This high-grade core, which occurs within a broader mineralized envelope, has now been intersected multiple times including 85 metres up-plunge from PAL0190 in drill hole PAL0188 (31.3 metres @ 6.0 g/t AuEq, 4.3 g/t Au and 1,030 ppm Co from 298.6 metres) and PAL0093 located 140 metres up plunge (33.6 metres @ 9.7 g/t AuEq, 8.0 g/t Au, 823 ppm Co from 243.0 metres). Additionally, on section 30 metres east of PAL0190, PAL0118 intersected 20.7 metres @ 5.6 g/t AuEq, 3.6 g/t Au, 956 ppm Co from 365.2 metres. PAL0191 drilled 80 metres down plunge in the trend contains visible gold associated with pyrrhotite (assay results remain to be reported).
"The winter drilling has delivered further strong results from Raja with 19.7 metres @ 8.9 g/t gold equivalent intersected by PAL0190 within a high core” said Mr. Michael Hudson, Chairman and CEO of Mawson. “Most significant is the predictability and continuity of the cigar-shaped high-grade core that is now 30-50 metres wide and 20-30 metres thick that has now been traced over 250 metres down plunge and remains open at depth. This a significant advancement in understanding of the mineralized system by our geological team, which will deliver benefits in future targeting during on-going exploration programs.”
Mawson completed 44 holes (PAL0159–PAL0201D1) for 15,059 metres (two short holes abandoned, one wedged hole) during the 2019 winter drill season. Results from 5 holes from the Raja prospect are provided here (PAL0167, 175, 187, 189 & 190; Tables 1-3). Sixteen holes with full assays remain to be reported that were predominantly drilled down plunge from resource areas including PAL0191 (Raja), PAL0194 (Palokas) and PAL0198 (South Palokas), where sulphidic (pyrrhotite-rich) intersections with visible gold provide encouragement.
Drill hole PAL0190 is the deepest high-grade drill hole reported from Raja to date, at greater than 300 metres vertically from surface. The predictable sub-vertical and linear nature of the high-grade Au-Co structural control within certain stratabound units provides encouragement for the continuity of mineralized bodies. The trend of this high-grade Au-Co core shown in Figure 1 is 339 degrees (true). Longitudinal section (Figure 2) and cross sectional (Figure 3) views show the location of this high-grade core with respect to other drill holes.
Other holes reported in this release include PAL0189, previously reported for gold-only, which was drilled 230 metres up-plunge from PAL0190 and intersected 5.0 metres @ 3.7 g/t AuEq, 2.7 g/t Au and 581 ppm Co from 200.0 metres; and 4.3 metres @ 3.8 g/t AuEq, 2.3 g/t Au and 931 ppm Co from 210.0 metres representing 35% and 67% increases respectively on earlier results (reported April 23, 2019). Drill hole PAL0187 was drilled 50 metres down plunge from PAL0190 and 45 metres west of the inferred high-grade core and intersected 1.4 metres @ 2.3 g/t AuEq, 0.1 g/t Au, 1,345 ppm Co from 400.4 metres.
Mawson will continue to release results on a prospect-by-prospect basis as assay data become available.
+20% gap up today:
Great Bear Drills New High-Grade Gold Discovery at Dixie:
12.33 g/t Gold Over 14.00 m Including 30.90 g/t Gold Over 4.60 m;
194.21 g/t Gold Over 2.00 m Including 759.38 g/t Gold Over 0.50 m
Multiple Shallow Gold Zones at New “Bear-Rimini” Target
May 28, 2019 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR) today reported a significant new high-grade gold discovery, the “Bear-Rimini Zone”, at its 100% owned Dixie Project in the Red Lake District of Ontario. Highlighted assay results from discovery drill hole DNW-011 are provided in Table 1.
https://greatbearresources.ca/great-bear-drills-new-high-grade-gold-discovery-at-dixie-12-33-g-t-gold-over-14-00-m-including-30-90-g-t-gold-over-4-60-m-194-21-g-t-gold-over-2-00-m-including-759-38-g-t-gold-over-0-50-m-multiple-s/
BTR ANNOUNCES MINERAL RESOURCE ESTIMATES
FOR ITS GOLD DEPOSITS IN THE URBAN BARRY CAMP, QUEBEC
Val-d’Or, QC – May 28, 2019: Bonterra Resources Inc. (TSX-V: BTR, OTCQX: BONXF, FSE: 9BR1) (“Bonterra” or the “Company”) is pleased to announce results of the recently completed NI 43-101 Mineral Resource Estimates for the Gladiator, Barry, and Moroy deposits located in the Urban-Barry Camp, QC. Highlights of the Mineral Resource Estimates for Gladiator include:
Indicated Resources of 743,000 tonnes at an average grade of 8.46 grams per tonne Au totaling 202,000 ounces Au.
Inferred resources of 3,065,000 tonnes at an average grade of 9.10 grams per tonne Au totaling 897,000 ounces Au.
The results of the Mineral Resource Estimates for the Gladiator, Barry, and Moroy deposits are summarized in table 1 (please see full press release enclosed). The Mineral Resource Estimates for the Gladiator and Barry deposits are reported at a 3.5 gram per tonne Au cut-off grade. The Mineral Resource Estimate for the Moroy deposit is reported at a 3.0 gram per tonne cut-off grade. The resource models are tabulated at various cut-off grades in tables 2 – 4 (please see full press release enclosed).
The Mineral Resource Estimates have been prepared by SGS Geological Services, Blainville, QC, and has been reviewed internally by the Corporation. The full technical report, which is being prepared in accordance with National Instrument 43-101 (“NI-43-101”), will be available on SEDAR (www.sedar.com) under the Corporation’s issuer profile within 45 days. The effective date of the current mineral resource estimate is May 24, 2019.
Greg Gibson, Executive Chairman and Interim CEO of Bonterra commented: “We are pleased with the current mineral resource estimates on our three Urban-Barry gold deposits. The mineral resources delineated to date are a mere snapshot in time with further indications of continued expansion potential along strike and at depth for the three deposits.”
About the Gladiator, Barry, and Moroy Deposits
The Gladiator, Barry, and Moroy deposits are located in the Urban-Barry greenstone belt, approximately 200 km northeast of Val d’Or, QC. The Moroy deposit is located on the Bachelor property which includes the Bachelor deposit and the Urban-Barry mill. The Gladiator and Barry deposits are located on the Urban-Barry property, approximately 125 and 110 kilometres respectively, from the Urban-Barry mill (see Figure 1).
The Moroy deposit is a shear hosted gold deposit comprised of multiple, sub-parallel, gold bearing zones dipping moderately to steeply to the North. Moroy mineralization consists of disseminated sulfides within silica-hematite alteration located at the contacts of syenitic dykes. The Moroy deposit is located approximately 600 metres south of the Bachelor deposit and has been accessed underground from the Bachelor mine. The Moroy deposit has been delineated over strike length of approximately 400 metres and remains open for expansion.
The Barry deposit is a shear-hosted gold deposit with multiple parallel, sub-vertical, shear zones and a second set of veins dipping 50 to 60 degrees to the south. The gold mineralization consists of disseminated sulfides within the shear zones and the veins with local visible gold. The Barry deposit has been delineated over 1 kilometres along strike and 600 metres vertical. The deposit remains open for expansion.
The Gladiator deposit occurs within a major shear corridor and is a quartz vein hosted gold deposit consisting of several steeply south dipping vein and shear structures. Mineralization at Gladiator consists dominantly of free gold in quartz veins. Gladiator is currently defined over a 1.5 kilometres strike length and to a vertical depth of 800 metres. The Gladiator deposit remains open at depth and along strike.
The Company currently has five drills operating on the Bachelor and Urban-Barry properties. These drills are testing a combination of resource expansion and earlier stage exploration targets.
Cool article!
Max Samples 155g/t Gold over 0.4m at North Choco
Vancouver B.C., May 23, 2019 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D1) is pleased to report the first assays from its 10-week exploration program now underway at the North Choco copper gold project, located 80 km SW of Medellin, Colombia. Max is acquiring the North Choco Property through the planned acquisition of Andagueda Mining Pty. Ltd. (see our news release of May 8, 2019). Assay highlights include:
Seven of 23 chip samples returned grades ranging from 155.27g/t gold to 2.94g/t gold;
Three of the 7 samples returned values of >10,000 ppm copper, in excess of the upper detection limit, and will need to be reanalyzed to determine the final grade;
The chip samples were taken over various widths from 4 locations within a 400 metre by 700 metre exploration area centred on the historic gold mines;
Max is three weeks into the 10-week North Choco exploration program and further results will be released after receipt and interpretation.
“We are very pleased with this first round of assays from our intensive exploration campaign. The assay results are delivering significant grades of gold and we expect the copper re-assay results very soon,” Max CEO, Brett Matich, stated. “Our strategy is to expand our exploration efforts in all directions within the 500 sq. km land package,” he continued.
Details for the seven samples can be found in the accompanying table.
see
https://www.maxresource.com/?news=1457
North Choco Gold-Copper and Choco Gold-Platinum
North Choco Gold-Copper (500 sq. km) is located 80 km SW of Medellin and is contiguous to properties held by AngloGold Ashanti (NYSE: AU) and Continental Gold (TSX: CNL) and includes rights to exploration and exploitation over a 72.5 sq. km Mining Area.
North Choco is 47 km SW of AngloGold’s 2005 Nuevo Chaquiro copper porphyry discovery, hosting an Inferred Resource of 604Mt at 0.65% copper and 0.32g/t gold with a contained metal content of 4Mt of copper and 6Moz of gold. This is one of five known porphyry centres within a 15 sq. km area.
Max cautions investors mineralization on the Nuevo Chaquiro property is not necessarily indicative of similar mineralization on North Choco. The Nuevo Chaquiro Resource is disclosed in the AngloGold presentation “Discovery and Geology of the Nuevo Chaquiro Cu-Au (Ag-Mo) Porphyry Deposit”.
AngloGold Ashanti examined the North Choco area for porphyry copper in 2005, locating porphyry copper prospects and anomalies. AngloGold was unable to follow up and the area has sat idle until Andagueda Mining completed its historic agreement earlier this year.
Max’s Choco Gold-Platinum Property (2.140 sq. km) is located adjacent to and SW of North Choco and covers or is adjacent to historic production of 1.5Mozs gold and 1.0Mozs platinum. Free gold was observed from hard-rock conglomerates taken from surface in February of 2019. A follow up Long Wave InfraRed (LWIR) survey identified multiple conglomerate zones spread over a 1,000 sq. km area. Test work is continuing on accessing the fine gold within the conglomerates.
Source for Choco: R.J. Fletcher and Associates (2011) Review of Gold and Platinum Exploration and Production in Choco Province Colombia Part 3. Private Report for Condoto Platinum Ltd.)
QA/QC
All rock chip samples were shipped from site and delivered by Company personnel to the SGS Colombia S.A.S laboratory in Medellin, Colombia, an ISO/IEC 17025:2005 accredited facility.
All rock samples were analyzed utilizing SGS's ICM40B procedure, a four-acid digestion of a one half-gram sample with an ICP finish, with a copper upper limit of 10000 ppm (1%). All rock samples were also analyzed utilizing SGS’s FAG303 procedure, a 30-gram gold fire assay with a gravimetric finish. Over limit copper values are subsequently analyzed utilizing GO ICP13B AES package with an upper limit of 30% copper. Certified blank samples from CDN Resource Laboratories Ltd. were inserted into the sample stream at regular intervals. No irregularities were noted.
About Max Resource Corp.
Max is a mineral exploration company focused on the development and acquisition of prospective projects in the rich mineral belts of Colombia. The company has established significant exploration infrastructure and local community support for the Choco gold and platinum project, located 100 kilometres south of Medellin, which covers, or is adjacent to, historic production of 1.5 million ounces of gold and one million ounces of platinum. The company's Gachala copper project is located 60 kilometres east of Bogota. The company is led by a seasoned management team with a record of significant discovery and exploration success.
Tim Henneberry, PGeo (British Columbia), a member of the Max Resource advisory board, is the qualified person who has reviewed and approved the technical content of this news release on behalf of the company.
This is a multibagger in the making...
Minera Alamos Strengthens Mine Operations Team in Advance of Construction Decision at Santana Gold Project
May 23, 2019
Minera Alamos Inc. (TSX VENTURE:MAI) (the "Company" or "Minera Alamos") is pleased to announce the appointment of Carolina Salas as Vice President – Technical Services. Ms. Salas, who has worked with the Company’s senior management group at previous Mexican gold operations, will oversee final preparations related to the construction of commercial scale gold production facilities at the Santana Project (“Santana”) in Sonora. Her addition will add further project development and operations expertise to an already strong in-country team with a proven track record successfully developing low capex gold projects.
“We are excited to welcome Carolina back to our team,” said Darren Koningen, CEO of Minera Alamos. “Her broad project experience at all stages of project advancement from initial process development through construction and into final operations will prove invaluable as we make our final plans to move the Company’s Santana and La Fortuna gold projects into commercial production. Over the early part of this year as the Company awaits some final project permit documentation we have been actively involved with making final construction preparations. In addition, the next phase of exploration plans are now complete and we are excited to demonstrate the team’s belief in the scale of overall mineralization at Santana throughout the remainder of the year. The ability to bring onboard someone with the experience and capabilities of Carolina to assist with our efforts is a huge opportunity for the Company and further confirmation of the potential for Minera’s existing asset base to deliver significant organic production growth in the years ahead.”
Carolina Salas has a Master’s Degree in Metallurgical Science from the University of Sonora. She is currently based in Hermosillo, Sonora but will be dividing her time as required between the Company’s 100%-owned projects in Sonora and Durango. Ms. Salas brings almost 15 years of mining industry experience in increasingly senior engineering and management roles. Immediately prior to joining Minera Alamos she was a senior account manager in Mexico for Outotec, one of the world’s largest mining process equipment suppliers and focussed primarily on gold and copper projects. Prior to that her experience included roles at production operations with Minera Columbia de Mexico and Peñoles. As Process Manager at the Lluvia de Oro gold heap leach project in Sonora, Mexico Ms. Salas was responsible for the effective oversight of all gold processing and recovery facilities as well metallurgical testwork programs and the design/construction of new processing systems.
About Minera Alamos:
Minera Alamos is an advanced-stage exploration and development company with a growing portfolio of high-quality Mexican assets, including the La Fortuna open-pit gold project in Durango with positive PEA completed, the Santana open-pit heap-leach development project in Sonora with test mining and processing completed and the Guadalupe de Los Reyes open-pit gold-silver project in Sinaloa where the Company has exposure through the planned agreement with ePower Metals to assign the current option agreement in return for a significant equity stake in the ePower. The Company is awaiting the pending approval of permit applications related to the commercial production of gold at both the Santana and Fortuna projects.
The Company’s strategy is to develop low capex assets while expanding the project resources and pursue complementary strategic acquisitions.
For Further Information Please Contact:
Minera Alamos Inc.
Doug Ramshaw, President
Tel: 604-600-4423
Clarus has a new note on K92 Mining titled KNT – Accelerating M&A Activity Should Support Continued Re-rating.
In part, Clarus states “With the pick-up in M&A activity in the gold mining space, with five transactions for over US$0.5 Bn in equity value each, we expect K92 Mining to show up on the radar screens as a highly compelling target given its huge exploration potential and near-term production growth.
We see parallels between K92 Mining (KNT-TSX; SPECULATIVE BUY; $2.60) with a current market capitalization of C$257 MM and Atlantic Gold (AGB-TSX; NR) that was recently acquired for C$722 MM, representing a ~41% premium to its 30-day VWAP.”
Clarus has a new note on K92 Mining titled KNT – Accelerating M&A Activity Should Support Continued Re-rating.
In part, Clarus states “With the pick-up in M&A activity in the gold mining space, with five transactions for over US$0.5 Bn in equity value each, we expect K92 Mining to show up on the radar screens as a highly compelling target given its huge exploration potential and near-term production growth.
We see parallels between K92 Mining (KNT-TSX; SPECULATIVE BUY; $2.60) with a current market capitalization of C$257 MM and Atlantic Gold (AGB-TSX; NR) that was recently acquired for C$722 MM, representing a ~41% premium to its 30-day VWAP.”
Pure Gold Mining commences trading on LSE
May. 21, 2019 11:17 AM ETPure Gold Mining Inc. (LRTNF)By: Vandana Singh, SA News Editor
Canadian Pure Gold Mining (OTCPK:LRTNF -3.6%) has begun trading on the London Stock Exchange under the ticker PUR.
European investors had already shown interest in Pure Gold and its Madsen gold project, due to the high-grade nature of the orebody, low projected capital cost, short 13-month construction period, and location.
Pure Gold is advancing its Madsen gold project in the prolific Red Lake district of Northwestern Ontario, with estimated life of just over 12 years
At peak production, the mine is expected to yield ~125,000 ounces of gold with average annual production in years three through seven of ~102,000 ounces.
There may be a good trade over the next few months in this bit of news.
Xi Sends Trump A Message: Rare-Earth Export Ban Is Coming
by Tyler Durden
Mon, 05/20/2019 - 11:10
Back in April of 2018, when the trade war with China was still in its early stages, we explained that among the five "nuclear" options Beijing has to retaliate against the US, one was the block of rare-earth exports to the US, potentially crippling countless US supply chains that rely on these rare commodities, and forcing painful and costly delays in US production as alternative supply pathways had to be implemented.
As a result, for many months China watchers expected Beijing to respond to Trump's tariff hikes by blocking the exports of one or more rare-earths, although fast forwarding one year later this still hasn't happened. But that doesn't mean it won't happen, and overnight President Xi Jinping’s visit to a rare earths facility fueled speculation that the strategic materials will soon be weaponized in China’s tit-for-tat war the US.
As Bloomberg reported overnight, shares in JL MAG Rare-Earth surged by the daily limit on Monday after Xinhua said the Chinese president had stopped by the company in Jiangxi, a scripted move designed to telegraph what China could do next.
The reason for the dramatic market response is that the presidential visit flags policy priorities, and "rare earths have featured in the escalating trade spat between the U.S. and China." Specifically, as Bloomberg notes, China raised tariffs to 25% from 10% on American imports, while the U.S. excluded rare earths from its own list of prospective tariffs on roughly $300 billion worth of Chinese goods to be targeted in the next wave of measures. And just in case the White House missed the message, Xi was accompanied on the trip to JL MAG by Liu He, the vice premier who has led the Chinese side in the trade negotiations.
Why does China have a clear advantage in this area? Simple: the U.S. relies on China, the dominant global supplier, for about 80% of its rare earths imports.
The visit “sends a warning signal to the U.S. that China may use rare earths as a retaliation measure as the trade war heats up,” said Pacific Securities analyst Yang Kunhe. That could include curbs on rare earth exports to the U.S., he said.
Xi's visit came just hours after the Trump administration on Friday blacklisted Huawei and threatened to cut it off from the U.S. software and semiconductors it needs to make its products. A spokesman for China’s foreign ministry told reporters Monday to “please wait and see” how the government and companies respond.
Of course, a Chinese export curb, or ban, would also cripple domestic producers, as domestic rare earth miners would be hurt, and likely need state subsidies, similar to US soybean farmers. But curbs could potentially help companies like JL MAG, which makes magnets containing rare earths that are used in products including electric vehicles and wind turbines.
Finally, to those looking to trade a potential rare-earth export ban, one place would be to go long the REMX rare earth ETF, which after hitting an all time high of $114 in 2011 during the first rare-earth "scare" during the China-Japan trade war, is trading some 90% lower as the market has all but discounted any possibility of a price spike.
Congrats on the Atlantic Gold acquisition BTW. Nice to see one of our stocks regularly featured on this board get get bought out at a premium. I think we see more things happen like this when ever the gold bull finally wakes up.
Max to Attend 121 Mining Investment Conference in London
Vancouver B.C., May 21, 2019 – MAX RESOURCE CORP. (“Max” or the “Company”) (TSX.V: MXR; OTC: MXROF; Frankfurt: M1D1) is pleased to announce that the Company is participating in the upcoming London 121 Mining Investment Conference to enhance global exposure. Mr. Brett Matich, Chief Executive Officer of Max will be presenting about the recent and ongoing exploration activities on the North Choco Gold-Copper and its adjacent Choco Gold-Platinum projects in Colombia.
The 121 Mining Investment Conference hosts 100 mining companies joined by over 400 sophisticated investors for pre-arranged, targeted 1-2-1 investment meetings. This year’s event is being held on May 20 and 21, 2019 at County Hall in London, England. The Company is also meeting with UK based law firms in addition to European IR groups as part of a larger investor awareness strategy.
North Choco Gold-Copper and Choco Gold-Platinum
North Choco Gold-Copper (500 sq. km) is located 80 km SW of Medellin, Colombia and is contiguous to properties held by AngloGold Ashanti (NYSE: AU) and Continental Gold (TSX: CNL) and includes rights to exploration and exploitation over the 72 sq. km mining area.
AngloGold Ashanti identified pyrite, chalcopyrite, galena, sphalerite and arsenopyrite, in a matrix of quartz and calcite and copper porphyry prospects from the Mining Area in 2005.
Recent channel sampling results include:
0.3m at 262.0 g/t gold + 0.57% copper + 941 ppm cobalt
2.0m at 29.1 g/t gold
1.6m at 20.7 g/t gold + 592 ppm cobalt
0.1m at 49.3 g/t gold + 11.4% copper + 502 ppm cobalt
Max cautions investors it has not yet verified the Andagueda sampling data.
North Choco is 47 km SW of AngloGold’s 2005 Nuevo Chaquiro copper porphyry discovery which contains inferred resources of 604Mt at 0.65% copper and 0.32g/t gold with a contained metal content of 4Mt of copper and 6Moz of gold. This is one of five known porphyry centres within a 15 sq. km area.
Max cautions investors mineralization on the Nuevo Chaquiro property is not necessarily indicative of similar mineralization on North Choco. The Nuevo Chaquiro Resource is disclosed in the AngloGold presentation “Discovery and Geology of the Nuevo Chaquiro Cu-Au (Ag-Mo) Porphyry Deposit.
The Company’s 10-week exploration program on the North Choco is now underway with a 60-man field crew. The exploration methodology of the program will be similar to the effective program AngloGold Ashanti utilized to make the Nuevo Chaquiro discovery. First results expected very soon.
Choco Gold-Platinum (2.140 sq. km) is located contiguous and SW of North Choco and covers or is adjacent to historic production of 1.5Mozs gold and 1.0Mozs platinum. Free gold was observed from hard-rock conglomerates taken from surface in February of 2019. A follow up Long Wave InfraRed (LWIR) survey identified multiple conglomerate zones spread over 1,000 sq. km area. Test work is currently assessing the fine gold within the conglomerates. Exploration is ongoing.
Source for Choco: R.J. Fletcher and Associates (2011) Review of Gold and Platinum Exploration and Production in Choco Province Colombia Part 3. Private Report for Condoto Platinum Ltd.)
Gachala Copper
Gachala Copper (535 sq. km) is located 60 km SE of Bogota, Colombia and covers 60-line kms of the 250km by 120km belt of Devonian through Cretaceous rocks in a geological setting conductive to sedimentary deposits, believed to be analogous to the Zambia Copper Belt of Africa. Historic 1999 sampling by Rio Tinto included 12 samples returning values in excess of 1 per cent copper, ranging from 1.6 per cent to 7.82 per cent.
Source: E.E. Vargas Ruiz, 1999; Exploracion Geoquimica Chivor Colombia Rio Tinto Mining and Exploration Ltd.
Max has entered into a Definitive Agreement, whereby Universal Copper Ltd (TSXV: UNV) proposes to issue a total of 6,000,000 UNV common shares to Max, for seven of the 30 Gachala Copper mineral license applications covering 132 of 535 sq. km.
About 121 Investment
121 Mining Investment events gather senior investors from institutional funds, private equity groups, family offices and sector analysts to meet with carefully selected mining company management teams in the world’s leading financial hubs. Featuring cash-generating producers, near-production development companies, project generators and exciting exploration projects, 121 Mining Investment events offer investors the perfect forum to seek out their next big mining investment opportunity. 121 Mining Investment events are held annually in Hong Kong, London, Cape Town, New York and Singapore and focus on two-days of 1-on-1 meetings tailored to match the right level of mining projects with the right investment capital. Alongside the 1-2-1 meetings, delegates are able to enjoy a two-day agenda of investor-led panel discussions providing market insights, analysis and each participating mining company presenting their latest updates.
About Max Resource Corp.
Max is a mineral exploration company focused on the development and acquisition of prospective projects in the rich mineral belts of Colombia. The Company has established significant exploration infrastructure and local community support for its three prospective projects: Choco Gold and Platinum, located 100 km south of Medellin, which covers or is adjacent to historic production of 1.5Mozs gold and 1.0Mozs platinum, North Choco Gold-Copper located 80 km southeast of Medellin and adjacent to AngloGold Ashanti and Continental Gold properties, and the Gachala Copper Project, is located 60 km east of Bogota. The Company is led by a seasoned management team with a track record of significant discovery and exploration success.
Source for Choco: R.J. Fletcher and Associates (2011) Review of Gold and Platinum Exploration and Production in Choco Province Colombia Part 3. Private Report for Condoto Platinum Ltd.)
For more information visit: https://www.maxresource.com/
For additional information contact:
Max Resource Corp.
Tim McNulty
E: info@maxresource.com
T: (604) 290-8100
For Max Resource’s French inquiries:
Remy Scalabrini, Maricom Inc.
E: rs@maricom.ca
T: (888) 585-MARI
That's the second time K92 made the best intercepts of the week this year.
Yeah I had to take a little break, but its good to be back.
Very cool to see Frank Holmes mentioning K92. It's starting to get a little more mainstream as they continue to prove themselves with solid production.
You guys need to keep a close eye on Max Resources (MXR.V). I have been accumulating a big speculative position in them. If they release solid multiple gram per ton results from their test holes I think that it can run up 10-20x or better very quickly. IMO it has the potential to be the best play in the gold sector right now, but it could be a huge flop as well. Not sure which way it will go but we will find out soon enough.
Where's gold headed next everyone?
One stellar section there plus lots of good hits that will pay well with solid grades. I like that they're finding some mineralization even lower in the zone as well.
Has The Fed Done It? No More Recessions?
https://www.zerohedge.com/news/2019-05-06/has-fed-done-it-no-more-recessions
Probably a long way from that. I guess if they get done spending money on exploration and are just mining they may end up paying a dividend someday.
https://aheadoftheherd.com/Newsletter/2019/Max-finds-high-grade-gold-platinum-at-surface.htm
I was wrong about the 44%
RI is 3,144 km2
Their property is even bigger with their new acquisition - it's 2,807 sq km.
Max Resource is either the most elaborate pump and dump play I've ever seen or is about to go on a monster run....
I need some help to analyze this one guys and gals. It may represent more potential net present value than K92....
https://www.maxresource.com/resources/MXR_Presentation.pdf?
https://www.maxresource.com/?news=1450
They have a big PR campaign starting now as well. They have hired PR firms to promote in English, French, and German.
Mining history of the area, no one has been looking at conglomerates.
https://mneguidelines.oecd.org/Choco-Colombia-Gold-Baseline-EN.pdf
Is this thing legit??? The property is 1,757 sq. km. That is something like 44% of the land mass of Rhode Island.
This may be an "elephant" that the majors want to buy out.
The other major player who is developing a gold congolomorate district is Novo Resources. They had a 10 bagger run in summer of 2017 to above well above a $1 Billion dollar market cap. (Currently $491 million)
The Max Resource market cap is < $20 million right now.
This might be an "elephant" in the making. They're going for a +10 million oz property
Please punch a hole in this theory...
MAX REPORTS POSITIVE GOLD AND PLATINUM ASSAY RESULTS FROM ITS CHOCO PROJECT IN COLOMBIA
Vancouver, BC, April 16, 2019, MAX RESOURCE CORP. (TSXV: MXR) (OTC: MXROF) (FSE:M1D1) (“MAX” or the “Company”) is pleased to report surface assay results from its ongoing exploration on the Company’s 1,757 sq. km “Choco Gold and Platinum Project”, located 100km SW of Medellin, Colombia.
The concentrates of sample 001 graded 340.84 g/t gold and 111.03 g/t platinum and sample 002 graded 222.06 g/t gold and 113.83 g/t platinum, both samples were located within the 1,000 sq. km exploration zone (refer to location map). Sampling detail can be found in the accompanying table. Further analytical results will be reported as received.
more...
https://www.maxresource.com/?news=1450
I opened up a starter position here today. Could be a big runner IMO
Dr. King Schultz, I am getting really excited about this Max Resources company the more DD I do on them. I think they could be a 10+ bagger if they release good drill results.
The scope and potential size of their property is mind boggling. Bigger than an elephant, more like a potential herd of elephants.
Very interesting comparison to Novo resources who I have been loosely followed for the past few years.