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Auguries—Is There None Such?
May 17, 2012
By Kevin Michael Grace
Gold was down (at press time) $20.50 (-1.3%) for the week to $1,574.40, and silver was down $1.04 (-3.6%) to $28.06. Gold gained $38.40 Thursday; the Financial Times attributed this to “heightening expectations of further US monetary stimulus, as weak manufacturing data in the Philadelphia region…took investors by surprise.”
GoldCore reported Thursday that “Gold fought back [Wednesday] after touching its lowest level since December 29, as concerns about Greece’s political instability and possible departure from the Euro prompted investors to buy back into bullion.” Our favourite wire service continues to maintain the exact opposite, of course.
Read the rest of this article on gold prices.http://resourceclips.com/2012/05/17/auguries-is-there-none-such/
Auguries—Is There None Such?
May 17, 2012
By Kevin Michael Grace
Gold was down (at press time) $20.50 (-1.3%) for the week to $1,574.40, and silver was down $1.04 (-3.6%) to $28.06. Gold gained $38.40 Thursday; the Financial Times attributed this to “heightening expectations of further US monetary stimulus, as weak manufacturing data in the Philadelphia region…took investors by surprise.”
GoldCore reported Thursday that “Gold fought back [Wednesday] after touching its lowest level since December 29, as concerns about Greece’s political instability and possible departure from the Euro prompted investors to buy back into bullion.” Our favourite wire service continues to maintain the exact opposite, of course.
Read the rest of this article on gold prices.http://resourceclips.com/2012/05/17/auguries-is-there-none-such/
Graphite Digest — May 18, 2012
May 18, 2012
Pinestar declines Option to acquire Australia Graphite Properties
Pinestar Gold Inc TSXV:PNS announced May 18 it will not exercise its option to acquire 11 graphite properties in four Australian states. The option with Zimtu Capital Corp TSXV:ZC and Strategic Resource Management Pty Ltd was announced March 1.
Rainbow stakes BC Graphite Prospects
Rainbow Resources Inc TSXV:RBW announced May 17 acquisition of graphite prospects in southwest BC. The company has staked two claim blocks covering over 40 square kilometres west and southwest of its flagship Big Strike Gold-Silver Project in the Slocan Mining District. The 2,100-hectare Claim Block #1 lies immediately north of Anglo Swiss Resources’ TSXV:ASW Blu Starr Graphite Property and 14 kilometres from Eagle Graphite’s mine, one of North America’s two flake-graphite producers. The 2,100-hectare Claim Block #2 is contiguous to Blu Starr’s southern boundary.
Read more graphite news from around the web. http://resourceclips.com/2012/05/18/graphite-digest-feature/
Graphite Digest — May 18, 2012
May 18, 2012
Pinestar declines Option to acquire Australia Graphite Properties
Pinestar Gold Inc TSXV:PNS announced May 18 it will not exercise its option to acquire 11 graphite properties in four Australian states. The option with Zimtu Capital Corp TSXV:ZC and Strategic Resource Management Pty Ltd was announced March 1.
Rainbow stakes BC Graphite Prospects
Rainbow Resources Inc TSXV:RBW announced May 17 acquisition of graphite prospects in southwest BC. The company has staked two claim blocks covering over 40 square kilometres west and southwest of its flagship Big Strike Gold-Silver Project in the Slocan Mining District. The 2,100-hectare Claim Block #1 lies immediately north of Anglo Swiss Resources’ TSXV:ASW Blu Starr Graphite Property and 14 kilometres from Eagle Graphite’s mine, one of North America’s two flake-graphite producers. The 2,100-hectare Claim Block #2 is contiguous to Blu Starr’s southern boundary.
Read more graphite news from around the web. http://resourceclips.com/2012/05/18/graphite-digest-feature/
Lomiko CEO Paul Gill on Quebec graphite acquisition
Lomiko Metals Inc TSXV:LMR announced a letter of agreement to acquire a 100% interest in the Quatre Milles West Property in south Quebec. Under the agreement, Lomiko pays three vendors a total of $3,000 and issues 1.8 million shares. The vendors retain a 2% NSR, half of which Lomiko may buy for $1 million.
The 2,180-hectare property covers the western extension of the geology that hosts the graphite-bearing structures shown in historic drilling at the company’s Quatre Milles Property. The combined property now covers two claim blocks, one eight kilometres by seven kilometres, and the other seven kilometres by five kilometres, bringing the expanded Quatre Milles Property from approximately 1,600 hectares to 3,780 hectares.
Read the rest of this interview with Paul Gill on Lomiko's Quebec graphite play. http://resourceclips.com/2012/05/15/lomiko-ceo-paul-gill-on-quebec-graphite-acquisition/
Lomiko CEO Paul Gill on Quebec graphite acquisition
Lomiko Metals Inc TSXV:LMR announced a letter of agreement to acquire a 100% interest in the Quatre Milles West Property in south Quebec. Under the agreement, Lomiko pays three vendors a total of $3,000 and issues 1.8 million shares. The vendors retain a 2% NSR, half of which Lomiko may buy for $1 million.
The 2,180-hectare property covers the western extension of the geology that hosts the graphite-bearing structures shown in historic drilling at the company’s Quatre Milles Property. The combined property now covers two claim blocks, one eight kilometres by seven kilometres, and the other seven kilometres by five kilometres, bringing the expanded Quatre Milles Property from approximately 1,600 hectares to 3,780 hectares.
Read the rest of this interview with Paul Gill on Lomiko's Quebec graphite play. http://resourceclips.com/2012/05/15/lomiko-ceo-paul-gill-on-quebec-graphite-acquisition/
Good To Go
Colt Finds Gold and Good Faith in Portugal
By Ted Niles
When Colt Resources TSXV:GTP finalized the acquisition of its Montemor property in November 2011, it got much more than prospective land in Portugal. “If we had to start from scratch to get to this point,” Nikolas Perrault declares, “it would take us five to 10 years and well over $20 million to replicate the database.” Previous work on the property was extensive, including upwards of 1,100 drill holes and 510 trenches and an historical (non-NI 43-101-compliant) resource estimate of 610,000 gold ounces. “What is striking,” the President/CEO adds, “is the exceptional nature of the work. Our drilling so far and some of the holes we’ve twinned have been confirming the high quality of this database. It will allow us to incorporate a lot of the historical data into our resource estimate.”
Read more about Colt's gold play. http://resourceclips.com/2012/05/11/good-to-go/
Focus CEO Gary Economo on Quebec graphite property production and technology agreements
Focus Metals Inc TSXV:FMS and L’institut de recherche d’Hydro-Québec announced a licensing agreement enabling Focus to develop a graphite-purification facility and a graphite-anode production facility for lithium-ion batteries. Under the agreement, Focus will build new purification and production facilities, which the company will own and manage. IREQ will provide technical support and cooperate in future technology improvements.
Subject to positive economic analysis, the purification facility will produce up to 15,000 tonnes of spherical battery-grade flake graphite by 2015, using graphite from the company’s Lac Knife Project in Quebec. The anode facility will produce up to 5,000 tonnes of anodes. Costs of the facilities and financing have yet to be determined. The battery-grade process will be incorporated into Lac Knife’s PEA scheduled for June.
Read more of this interview on Quebec graphite, Focus Metals, and their production and technology agreements. http://resourceclips.com/2012/05/11/focus-ceo-gary-economo-on-quebec-graphite-property-production-and-technology-agreements/
Auguries—You And Whose Army?
May 10, 2012
By Kevin Michael Grace
Gold was down (at press time) $41.80 (-2.6%) for the week to $1,594.90, and silver was down $1.05 (-3.5%) to $29.10. Reuters attributed gold’s fall below $1,600 to “worries that the Eurozone debt crisis could worsen.”
Preposterous, but that’s Reuters’s story, and they’re sticking to it. According to Simon Avery of the Globe and Mail, “The [gold] collapse looks surprising given that investors are seeking havens in response to the political and economic uncertainty in Greece. Investors have been pouring into the US dollar for safety, which can work against the price of bullion, but there is more going on here than currency swings. (The price of gold is also declining in terms of the Euro). Traditionally, the precious metal has rallied during times when the future of the euro looks threatened.”
Read more of this article about gold prices. http://resourceclips.com/2012/05/10/auguries-you-and-whose-army/
Auguries—You And Whose Army?
May 10, 2012
By Kevin Michael Grace
Gold was down (at press time) $41.80 (-2.6%) for the week to $1,594.90, and silver was down $1.05 (-3.5%) to $29.10. Reuters attributed gold’s fall below $1,600 to “worries that the Eurozone debt crisis could worsen.”
Preposterous, but that’s Reuters’s story, and they’re sticking to it. According to Simon Avery of the Globe and Mail, “The [gold] collapse looks surprising given that investors are seeking havens in response to the political and economic uncertainty in Greece. Investors have been pouring into the US dollar for safety, which can work against the price of bullion, but there is more going on here than currency swings. (The price of gold is also declining in terms of the Euro). Traditionally, the precious metal has rallied during times when the future of the euro looks threatened.”
Read more of this article about gold prices. http://resourceclips.com/2012/05/10/auguries-you-and-whose-army/
In Both Camps
Amseco pursues Gold and Graphite in Quebec and Ontario
By Greg Klein
Ask Jean Desmarais to name Amseco Exploration’s TSXV:AEL flagship and the President/CEO replies, “Man, that’s a good question. That’s a very good question. I would say that I have a few of them.” His answer reflects not a lack of focus but rather an abundance of gold and graphite properties in Quebec and Ontario.
Just last month, the company announced a 1,500-metre drill campaign on its Cookie Monster Gold Project, a 50/50 JV with Vantex Resources TSXV:VAX. Located in the prolific Fancamp deformation corridor of north Quebec’s Chapais-Chibougameau region, the 1,445-hectare property’s neighbours include the Monster Lake Project. Last August, while undergoing drilling by Stellar Pacific TSXV:SPX, the property showed results up to 76.53 grams per tonne gold over 2 metres. Then, on April 11, Monster Lake’s current owner, TomaGold TSXV:LOT, hit an intersection of 237.6 g/t gold over 5.7 metres. “Unfreaking believable,” exclaims Desmarais. “The whole region should boom, and I have a property right there.”
Read more about Gold and Graphite in Quebec and Ontario. http://resourceclips.com/2012/05/08/in-both-camps/
In Both Camps
Amseco pursues Gold and Graphite in Quebec and Ontario
By Greg Klein
Ask Jean Desmarais to name Amseco Exploration’s TSXV:AEL flagship and the President/CEO replies, “Man, that’s a good question. That’s a very good question. I would say that I have a few of them.” His answer reflects not a lack of focus but rather an abundance of gold and graphite properties in Quebec and Ontario.
Just last month, the company announced a 1,500-metre drill campaign on its Cookie Monster Gold Project, a 50/50 JV with Vantex Resources TSXV:VAX. Located in the prolific Fancamp deformation corridor of north Quebec’s Chapais-Chibougameau region, the 1,445-hectare property’s neighbours include the Monster Lake Project. Last August, while undergoing drilling by Stellar Pacific TSXV:SPX, the property showed results up to 76.53 grams per tonne gold over 2 metres. Then, on April 11, Monster Lake’s current owner, TomaGold TSXV:LOT, hit an intersection of 237.6 g/t gold over 5.7 metres. “Unfreaking believable,” exclaims Desmarais. “The whole region should boom, and I have a property right there.”
Read more about Gold and Graphite in Quebec and Ontario. http://resourceclips.com/2012/05/08/in-both-camps/
In A Good Spot
Oil-Heavy Aroway is a Likely Takeover Target
By Robert Owen
With no end in sight to uneconomical natural gas prices, Canadian energy companies strive ceaselessly to improve their oil-to-gas production ratios. This has led to a surge of drilling in such oil-rich formations as the Cardium, Viking and Bakken. Of course it is always easier for majors and intermediates to simply buy juniors with good ratios.
One junior close to being almost entirely oil-based is Aroway Energy (ARW:CA). With most of its operations based within northeast Alberta’s Peace River Arch, Aroway recently surpassed its 2011 exit production target of 600 barrels of oil equivalent per day (boe/d) by over 10% (to 670 boe/d).
Read more about Aroway's oil play. http://resourceclips.com/2012/05/09/in-a-good-spot/
In A Good Spot
Oil-Heavy Aroway is a Likely Takeover Target
By Robert Owen
With no end in sight to uneconomical natural gas prices, Canadian energy companies strive ceaselessly to improve their oil-to-gas production ratios. This has led to a surge of drilling in such oil-rich formations as the Cardium, Viking and Bakken. Of course it is always easier for majors and intermediates to simply buy juniors with good ratios.
One junior close to being almost entirely oil-based is Aroway Energy (ARW:CA). With most of its operations based within northeast Alberta’s Peace River Arch, Aroway recently surpassed its 2011 exit production target of 600 barrels of oil equivalent per day (boe/d) by over 10% (to 670 boe/d).
Read more about Aroway's oil play. http://resourceclips.com/2012/05/09/in-a-good-spot/
Viking Country
Novus Energy finds 100% drilling success in Saskatchewan
By G Joel Chury
When former Premier Ed Stelmach raised the royalty rate on Alberta oil and gas production in 2007, Saskatchewan production soared. This was especially true for plays which require companies to employ horizontal drilling and advanced completion techniques. Companies like Novus Energy.
“It’s a fantastic area because the Saskatchewan government has done something very intelligent. They’ve initiated a flat fee on the royalty rate, and so it’s 2.5% on the first 37,000 barrels produced,” says Hugh Ross, Novus President/CEO. “It’s way better than Alberta, because it’s a highly attractive royalty rate.”
Read the rest of this article about Novus' Saskatchewan oil play. http://resourceclips.com/2012/05/07/viking-country/
No Flash In The Pan
OPM’s Toronto Conference Outlines the Future of Graphite Mining
By Ted Niles
Presented in association with the Financial Post, OnPage Media’s May 2 Graphite Express-Conference at the Sheraton Hotel in Toronto played to a crowd of over 300 attendees, including investors, brokers, analysts and media. The event posed the question: After the initial flush of enthusiasm for graphite, does the mineral still have a bright future?
The first of the conference’s two keynote speakers, Chris Berry—co-author of Morning Notes and founder of House Mountain Partners—notes that the graphite market went “parabolic” between December 2011 and March 2012 and that since then it has flattened out. His explanation? “What I’m proposing is that Phase One of this graphite boom is completed. But the trends that put graphite on the map are still intact. I think we’ve entered a new phase in graphite and graphite investing. By no means do I think that this bull run is over. The question is where do we go from here, and how do we interpret this space.”
Read more of this article about the Toronto Graphite conference. http://resourceclips.com/2012/05/04/no-flash-in-the-pan/
No Flash In The Pan
OPM’s Toronto Conference Outlines the Future of Graphite Mining
By Ted Niles
Presented in association with the Financial Post, OnPage Media’s May 2 Graphite Express-Conference at the Sheraton Hotel in Toronto played to a crowd of over 300 attendees, including investors, brokers, analysts and media. The event posed the question: After the initial flush of enthusiasm for graphite, does the mineral still have a bright future?
The first of the conference’s two keynote speakers, Chris Berry—co-author of Morning Notes and founder of House Mountain Partners—notes that the graphite market went “parabolic” between December 2011 and March 2012 and that since then it has flattened out. His explanation? “What I’m proposing is that Phase One of this graphite boom is completed. But the trends that put graphite on the map are still intact. I think we’ve entered a new phase in graphite and graphite investing. By no means do I think that this bull run is over. The question is where do we go from here, and how do we interpret this space.”
Read more of this article about the Toronto Graphite conference. http://resourceclips.com/2012/05/04/no-flash-in-the-pan/
Auguries—Confirmation Bias
May 3, 2012
By Kevin Michael Grace
Gold was down (at press time) $20.60 (-1.2%) for the week to $1,636.70, and silver was down $1.01 (-3.2%) to $30.15. MarketWatch attributed gold’s decline to “a report show[ing] fewer US residents applying for unemployment benefits” and “the European Central Bank [having] left unchanged its key lending rate.”
According to GoldCore, “Gold has been under pressure in Asia and Europe despite very disappointing economic data further igniting concerns about global growth and the debt crisis.” So is the economic data good or bad? That depends on one’s definition of “good.” The more important question is whether our leaders have the crisis under control.
Read more of this article about gold prices. http://resourceclips.com/2012/05/03/auguries%E2%80%94confirmation-bias/
Auguries—Confirmation Bias
May 3, 2012
By Kevin Michael Grace
Gold was down (at press time) $20.60 (-1.2%) for the week to $1,636.70, and silver was down $1.01 (-3.2%) to $30.15. MarketWatch attributed gold’s decline to “a report show[ing] fewer US residents applying for unemployment benefits” and “the European Central Bank [having] left unchanged its key lending rate.”
According to GoldCore, “Gold has been under pressure in Asia and Europe despite very disappointing economic data further igniting concerns about global growth and the debt crisis.” So is the economic data good or bad? That depends on one’s definition of “good.” The more important question is whether our leaders have the crisis under control.
Read more of this article about gold prices. http://resourceclips.com/2012/05/03/auguries%E2%80%94confirmation-bias/
Allana VP Jack Scott on Ethiopia potash resource estimate
Allana Potash Corp TSX:AAA announced an updated NI 43-101 mineral resource estimate for its Dallol Potash Project in the Danakil Depression, northeast Ethiopia. The project now has measured and indicated resources of 1.3 million tonnes at an average grade of 19.32% KCI (potassium chloride), representing approximately 250 million tonnes of contained KCI. The project has inferred resources of 588.15 million tonnes grading 18.56% KCI, representing approximately 109.2 million tonnes KCI.
Senior VP Strategic Projects Jack Scott tells ResourceClips.com, “The region has been known as a potential potash production area since the early 1900s. The Italians first started developing it then, and over the years it’s been off and on. In the 1950s and 1960s the Ralph M Parsons Company did extensive exploration and brought some production into operation to serve the North American market at the same time as the Saskatchewan Basin came into extensive production. Parsons sort of packed up at that point—in the late 1960s—and various people have looked at it off and on. Ethiopia and that region has been stable for the last 15 years or so, so in the mid-2000s a number of companies went in to start development in the region.
Read more of this interview about Allana potash. http://resourceclips.com/2012/05/03/allan-vp-jack-scott-on-ethiopia-potash-resource-estimate/
By The Numbers
Lomiko Will Drill to Prove Up a Historic Quebec Graphite Target
By Greg Klein
Will history repeat itself at the Quatre Milles Graphite Property? Lomiko Metals TSXV:LMR CEO Paul Gill evidently thinks so. His company nabbed the 1,600-hectare southwest Quebec property in January, partly because of its infrastructure but largely because of impressive historic results. Now Lomiko‘s about to bring those assays into compliance and, with success, develop a flake-graphite resource by December.
The company’s Phase I drill program intends to prove up historic work by Graphicor Resources, which undertook prospecting, mapping, geophysics and a 26-hole, 1,625-metre program between 1989 and 1991. Non-43-101 highlights include:....
Read about the highlights, and the rest of this article on Lomiko's Quebec graphite play. http://resourceclips.com/2012/05/02/by-the-numbers/
By The Numbers
Lomiko Will Drill to Prove Up a Historic Quebec Graphite Target
By Greg Klein
Will history repeat itself at the Quatre Milles Graphite Property? Lomiko Metals TSXV:LMR CEO Paul Gill evidently thinks so. His company nabbed the 1,600-hectare southwest Quebec property in January, partly because of its infrastructure but largely because of impressive historic results. Now Lomiko‘s about to bring those assays into compliance and, with success, develop a flake-graphite resource by December.
The company’s Phase I drill program intends to prove up historic work by Graphicor Resources, which undertook prospecting, mapping, geophysics and a 26-hole, 1,625-metre program between 1989 and 1991. Non-43-101 highlights include:....
Read about the highlights, and the rest of this article on Lomiko's Quebec graphite play. http://resourceclips.com/2012/05/02/by-the-numbers/
By The Numbers
Lomiko Will Drill to Prove Up a Historic Quebec Graphite Target
By Greg Klein
Will history repeat itself at the Quatre Milles Graphite Property? Lomiko Metals TSXV:LMR CEO Paul Gill evidently thinks so. His company nabbed the 1,600-hectare southwest Quebec property in January, partly because of its infrastructure but largely because of impressive historic results. Now Lomiko‘s about to bring those assays into compliance and, with success, develop a flake-graphite resource by December.
The company’s Phase I drill program intends to prove up historic work by Graphicor Resources, which undertook prospecting, mapping, geophysics and a 26-hole, 1,625-metre program between 1989 and 1991. Non-43-101 highlights include:....
Read about the highlights, and the rest of this article on Lomiko's Quebec graphite play. http://resourceclips.com/2012/05/02/by-the-numbers/
Graphite 2013
Northern Graphite Plans to Open Ontario Mine Next Year
By Greg Klein
If the timeline holds, Northern Graphite’s TSXV:NGC Bissett Creek Project will be one of the first graphite mines to open outside China since the 1990s. Bankable feasibility is scheduled for completion later this month, along with a mine closure plan. Assuming the latter is approved by the Ontario government, a year of construction will bring the project to fruition by the end of next year.
“From a mining and metallurgical point of view, the project has pretty well been de-risked,” CEO Gregory Bowes declares. “This thing had a full feasibility study done on it during the 1980s, so we’re effectively doing the second one, and all the results are consistent. So it’s low risk, technically.”
Read more about Northern Graphite in Ontario. http://resourceclips.com/2012/05/01/graphite-2013/
Graphite 2013
Northern Graphite Plans to Open Ontario Mine Next Year
By Greg Klein
If the timeline holds, Northern Graphite’s TSXV:NGC Bissett Creek Project will be one of the first graphite mines to open outside China since the 1990s. Bankable feasibility is scheduled for completion later this month, along with a mine closure plan. Assuming the latter is approved by the Ontario government, a year of construction will bring the project to fruition by the end of next year.
“From a mining and metallurgical point of view, the project has pretty well been de-risked,” CEO Gregory Bowes declares. “This thing had a full feasibility study done on it during the 1980s, so we’re effectively doing the second one, and all the results are consistent. So it’s low risk, technically.”
Read more about Northern Graphite in Ontario. http://resourceclips.com/2012/05/01/graphite-2013/
Shock Waves
Majescor Flourishes in Post-Quake Haiti
By Ted Niles
Dan Hachey tells a revealing story. The President/CEO of Majescor Resources TSXV:MJX relates how, “A few weeks ago, an institutional investor came up to us and said, ‘You are the guys working in Haiti? Well, God bless you and good luck,’ and he walked away. That’s what we’ve had to deal with from the beginning on this project.” Haiti has a reputation that’s hard to shake, but Hachey is confident that, paradoxically enough, one of the worst natural disasters of recent years will prove to be the catalyst of a national renaissance.
Haiti is the poorest country in the Americas and has been, over the last century, plagued by a succession of bloody dictatorships, coups d’état and failed attempts at democratic reform. In January 2010, it was traumatized by an earthquake and subsequent cholera outbreak that resulted in the deaths of over 300,000.
Read more about the Majescor Haiti gold play. http://resourceclips.com/2012/04/30/shock-waves/
Shock Waves
Majescor Flourishes in Post-Quake Haiti
By Ted Niles
Dan Hachey tells a revealing story. The President/CEO of Majescor Resources TSXV:MJX relates how, “A few weeks ago, an institutional investor came up to us and said, ‘You are the guys working in Haiti? Well, God bless you and good luck,’ and he walked away. That’s what we’ve had to deal with from the beginning on this project.” Haiti has a reputation that’s hard to shake, but Hachey is confident that, paradoxically enough, one of the worst natural disasters of recent years will prove to be the catalyst of a national renaissance.
Haiti is the poorest country in the Americas and has been, over the last century, plagued by a succession of bloody dictatorships, coups d’état and failed attempts at democratic reform. In January 2010, it was traumatized by an earthquake and subsequent cholera outbreak that resulted in the deaths of over 300,000.
Read more about the Majescor Haiti gold play. http://resourceclips.com/2012/04/30/shock-waves/
Auguries—Public Enemy
April 26, 2012
By Kevin Michael Grace
Gold was up (at press time) $14.30 (+0.8%) for the week to $1,657.30, and silver was down $0.57 (-1.8%) to $31.16. GoldCore attributed gold’s rise to “concerns that the Fed could employ more QE in a further attempt to stimulate the economy… Continuing ultra-loose monetary policies and negative real interest rates continue to support gold.”
At a press conference yesterday, the Ben Bernanke declared, “If appropriate…we remain entirely prepared to take additional action.” One wonders why this would be necessary given the sunshine, lollipops and rainbows contained within Wednesday’s Federal Open Market Committee statement: economy expanding, unemployment down, household spending up, inflation not a threat.
Perhaps he’s got wind of the “smoking ruin” that is Europe. From Thursday’s Deutsche Bank communiqué: “Yesterday, the UK became the latest country to return to recession as GDP (-0.2% vs +0.1% expected) disappointed. Of major Western developed countries, the UK now joins Greece, Italy, Portugal, Ireland, Belgium, Denmark, Holland, Czech Republic and Slovenia as being in recession. By the time the data comes out next week, it’s likely to be followed by Spain, and remember German GDP was negative in 4Q and is expected to be flat in 1Q, so it’s not impossible that they will also follow.”
Read the rest of this article about gold prices and the market. http://resourceclips.com/2012/04/26/auguries%E2%80%94public-enemy/
Auguries—Public Enemy
April 26, 2012
By Kevin Michael Grace
Gold was up (at press time) $14.30 (+0.8%) for the week to $1,657.30, and silver was down $0.57 (-1.8%) to $31.16. GoldCore attributed gold’s rise to “concerns that the Fed could employ more QE in a further attempt to stimulate the economy… Continuing ultra-loose monetary policies and negative real interest rates continue to support gold.”
At a press conference yesterday, the Ben Bernanke declared, “If appropriate…we remain entirely prepared to take additional action.” One wonders why this would be necessary given the sunshine, lollipops and rainbows contained within Wednesday’s Federal Open Market Committee statement: economy expanding, unemployment down, household spending up, inflation not a threat.
Perhaps he’s got wind of the “smoking ruin” that is Europe. From Thursday’s Deutsche Bank communiqué: “Yesterday, the UK became the latest country to return to recession as GDP (-0.2% vs +0.1% expected) disappointed. Of major Western developed countries, the UK now joins Greece, Italy, Portugal, Ireland, Belgium, Denmark, Holland, Czech Republic and Slovenia as being in recession. By the time the data comes out next week, it’s likely to be followed by Spain, and remember German GDP was negative in 4Q and is expected to be flat in 1Q, so it’s not impossible that they will also follow.”
Read the rest of this article about gold prices and the market. http://resourceclips.com/2012/04/26/auguries%E2%80%94public-enemy/
Getting A Grip On Graphite
OnPage Media Hosts a Toronto Conference for Investors May 2
By Greg Klein
Vancouver was a resounding success, and Toronto will be bigger. OnPage Media’s May 2 Graphite Express-Conference at Toronto’s Sheraton Centre presents an ideal opportunity to cut through the hype and to gain firsthand, accurate information about this upcoming sector. The event takes just three hours and registration is free.
“Investors and brokers are signing for this conference because graphite companies are doing well in this tough market,” says OnPage Media principal Robert Bick. “We will be introducing 15 graphite companies to the Toronto market. The 12 presenting companies will each give a four-minute talk, and attendees will be able to meet with each of the CEOs one on one.
Read the rest of this article about Graphite. http://resourceclips.com/2012/04/25/getting-to-grips-with-graphite/
Getting A Grip On Graphite
OnPage Media Hosts a Toronto Conference for Investors May 2
By Greg Klein
Vancouver was a resounding success, and Toronto will be bigger. OnPage Media’s May 2 Graphite Express-Conference at Toronto’s Sheraton Centre presents an ideal opportunity to cut through the hype and to gain firsthand, accurate information about this upcoming sector. The event takes just three hours and registration is free.
“Investors and brokers are signing for this conference because graphite companies are doing well in this tough market,” says OnPage Media principal Robert Bick. “We will be introducing 15 graphite companies to the Toronto market. The 12 presenting companies will each give a four-minute talk, and attendees will be able to meet with each of the CEOs one on one.
Read the rest of this article about Graphite. http://resourceclips.com/2012/04/25/getting-to-grips-with-graphite/
Check out this interview with Lomiko Metals CEO Paul Gill by Venture Capital Radio.
Check out this interview with Lomiko Metals CEO Paul Gill by Venture Capital Radio.
Pelangio VP Brendan Cahill on Ghana gold assays of 1.88 g/t over 31m
Pelangio Exploration Inc TSXV:PX announced assays from its Manfo Property in Ghana, West Africa. Results include
1.88 g/t gold over 31 metres (including 17.65 g/t over 3 metres)
1.06 g/t over 20 metres
0.97 g/t over 47 metres (including 1.92 g/t over 14 metres)
1.41 g/t over 29 metres (including 3.05 g/t over 8 metres)
1.06 g/t over 63 metres (including 3.78 g/t over 8 metres)
0.96 g/t over 22 metres
VP Corporate Development Brendan Cahill tells ResourceClips.com, “Manfo consists of 100-square kilometres on Ghana’s Sefwi Belt. It is about 14 kilometres from Newmont’s [TSX:NMC] Ahafo Mine—that’s a 19-million ounce total-resource deposit, grading about 1.6 grams per tonne and producing up to 600,000 ounces a year at $550 per ounce. So it’s a huge deposit. We have very similar geology at Manfo and have made five discoveries since mid-2010.
Read the rest of this interview with Pelangio VP Brendan Cahill on gold in Ghana. http://resourceclips.com/2012/04/26/pelangio-vp-brendan-cahill-on-ghana-gold-assays-of-1-88-gt-over-31m/
Standard Graphite CEO Chris Bogart on Quebec graphite property acquisition
Standard Graphite Corp SXV:SGH announced a definitive agreement to acquire a 100% interest in the Mousseau East Graphite Deposit in northwest Quebec. Under the agreement, Standard pays $25,000 cash on signing, $50,000 cash and $100,000 in shares (based on the 10-day volume-weighted average price as of issuance) within 48 hours of TSXV approval, $100,000 cash and $100,000 in shares within one year of TSXV approval and $200,000 cash and $200,000 in shares within two years of TSXV approval. If Standard files a resource estimate within one year of TSXV approval showing 5 million tonnes grading at least 6% carbon measured and indicated, the company pays the vendor an additional $500,000. If the resource shows 8 million tonnes grading at least 6%, the company pays $750,000. The vendor retains a 1% NSR which Standard may buy for $500,000.
The property lies within 50 kilometres of Timcal Graphite & Carbon’s Lac-des-Îles, one of North America’s two flake-graphite mines in operation. Mousseau has a 1992 non-43-101 resource estimate by Graphicor Resources that showed 598,480 tonnes grading 8.29% C proven, 219,450 tonnes grading 8.13% probable and 288,760 tonnes grading 7.85% possible.
Read more of this interview with the CEO of Standard Graphite.
http://resourceclips.com/2012/04/25/standard-graphite-ceo-chris-bogart-on-quebec-graphite-property-acquisition/
Northern Graphite CEO Gregory Bowes on Ontario graphite property met results
Northern Graphite Corp TSXV:NGC announced metallurgical test results from its Bissett Creek Graphite Project in eastern Ontario. Tests confirmed high recovery of large-flake, high-purity graphite consistently across the resource. The overall recovery from eight locked-cycle tests was 97%, and almost all concentrate will qualify for large-flake (+80 mesh), high-carbon (94%) pricing. Results showed 33% of the concentrate was +50 mesh, 97% C and 19% was +32 mesh, 98% C. Two of the locked cycle tests showed +32 mesh, 99% C.
Average results from eight locations on the deposit show
19.1% of concentrate +32 mesh, 98.1% carbon
33% of concentrate +50 mesh, 97% C
23.3% of concentrate +80 mesh, 95.1% C
5.2% of concentrate +100 mesh, 94% C
10.5% of concentrate +200 mesh, 92.7% C
CEO Gregory Bowes tells ResourceClips.com, “I think we’re the only graphite company that’s really completed the full suite of metallurgical testing, bulk sampling, pilot plant, all of that stuff and published the results. And I think they confirm that we have the best flake-size distribution in the industry and the highest carbon content of our graphite concentrate, so we will be producing the highest-price, premium-value product.
Read the rest of this interview with Northern Graphite CEO Gregory Bowes. http://resourceclips.com/2012/04/25/northern-graphite-ceo-gregory-bowes-on-ontario-graphite-property-met-results/
The Juniors Shall Prevail
An Interview With Zimtu’s Dave Hodge
By Greg Klein
Dave Hodge is President/Director of Zimtu Capital Corp TSXV:ZC, an investment company focused on private, micro- and small-cap resource companies. He spoke with ResourceClips writer Greg Klein April 18.
Q: Would you give us a bit of background on how Zimtu began and how it evolved?
A: Zimtu has taken a variety of forms, from an exploration company to a dot-com company. When it was a dot-com, the company spun out its mineral properties and created a new exploration company called Commerce Resources.
And after the dot-com market fell apart we realized that the best thing we ever did for Zimtu shareholders was create Commerce because they received shares in Commerce through a share dividend.
An Interview With Zimtu's Dave Hodge
So we reorganized the company and essentially went into the full-time business of creating junior-exploration companies through a dividend process. That was relatively successful. And to augment that, through a series of partnerships with prospectors and/or geologists, we have developed quite a transactional business where we’re involved in staking properties on a partnership basis and helping market those properties to other junior-exploration companies.
Ultimately, that part of the business works well from a company-creation aspect because what you get by buying Zimtu stock is access to that very early stage of junior exploration. And in that very early stage there is tremendous upside and tremendous potential.
Read the rest of this interview with Zimtu Capital's Dave Hodge. http://resourceclips.com/2012/04/24/the-juniors-shall-prevail/
Top Rank
Standard Graphite Explores 13 Quebec and Ontario Properties
By Greg Klein
With 13 wholly-owned properties in Quebec and Ontario, Standard Graphite TSXV:SGH is a company in search of a flagship. But within a year, President/CEO Chris Bogart maintains, Standard will have designated its focal point and developed a 43-101 resource. Then, he adds, with the expertise of its experienced graphite team, the company can take a worthy project all the way into production.
Just last week, Standard finished a 3,310-line-kilometre airborne electromagnetic survey over its entire domains. “The results will be coming,” says Bogart. “We’ve already started ground work on our Ontario properties. As the snow melts, we’ll do the mapping, sampling and trenching for all the properties. Once that’s complete, we’ll rank our properties according to the results. And then we’ll start developing those and moving towards drill targets for the summer. Once you’re drilling, the season is 12 months a year.”
Read more about Standard Graphite. http://resourceclips.com/2012/04/23/top-rank/
Auguries—Doors Of Perception
April 19, 2012
By Kevin Michael Grace
Gold was down (at press time) $33.60 (-2%) for the week to $1,643, and silver was down
.57 (-1.8%) to $31.73. Reuters commented, “Gold has lost around $50 an ounce since late February after a strong run of US economic data dashed hopes of further US monetary easing. A recent drop of volume also reflects waning investor interest in the gold trade.”
According to Carlos Perez-Santalla of PVM Futures, “With the perception that the major economies of the world have their affairs under control, precious metals remain under some pressure.” Perception, eh? Is everyone on antidepressants?
Read more about gold prices. http://resourceclips.com/2012/04/19/auguries%E2%80%94doors-of-perception/
Auguries—Doors Of Perception
April 19, 2012
By Kevin Michael Grace
Gold was down (at press time) $33.60 (-2%) for the week to $1,643, and silver was down
.57 (-1.8%) to $31.73. Reuters commented, “Gold has lost around $50 an ounce since late February after a strong run of US economic data dashed hopes of further US monetary easing. A recent drop of volume also reflects waning investor interest in the gold trade.”
According to Carlos Perez-Santalla of PVM Futures, “With the perception that the major economies of the world have their affairs under control, precious metals remain under some pressure.” Perception, eh? Is everyone on antidepressants?
Read more about gold prices. http://resourceclips.com/2012/04/19/auguries%E2%80%94doors-of-perception/