YES ONE I AM FOLLOWING IS $AABB [said to be worth $0.12 to $0.24]
plus going to do crypto currency.
digital currency is coming 01-01-2021 !!!!!
[Investors landing page, a ton of positives going for this company. With the FED printing the dollar into oblivion, GOLD will play a big role in the future.
Moneta Porcupine commences drilling 'We think we're going to play a big role in the future of Timmins'
Andrew Autio, Local Journalism Initiative reporterAndrew Autio, Local Journalism Initiative reporter Published on: October 19, 2020 | Last Updated: October 19, 2020 8:32 PM EDT
South West Deposit PEA Returns Positive Economics on Both Stand-Alone and Toll Milling Scenarios
This morning, Moneta released a PEA (Exhibits 1-4) for the South West deposit, part of its Golden Highway project in Timmins, Ontario. A conference call will be held tomorrow at 10:30am ET; dial-in: 343.761.2596.
Highlights
• Works as Stand-Alone Mine: The base case models a 1,750tpd processing plant (94% recovery) that will ramp up (over two years) production in the UG mine to ~86Koz pa (by year 5; average 76Koz pa @ 3.9g/t diluted LOM). The initial capex on the 11 year mine is $144M (includes 15% contingency). The average long-hole stoping mining width is projected to be 8m (minimum 3m). The ore will be brought to surface via a ramp that’ll use 30t trucks. Costs are expected to be around $90/t and during the LOM the average AISC is forecasted at US$747/oz. Using a $1,500/oz Au price the PEA returned a NPV5% of $236M and ~30% IRR.
• Works as a Toll Milling Mine: The alternate scenario would be a quick, low capex operation whereby ore is trucked to an existing plant in the area. In this option the company would incur no processing plant and tailings facility costs and permitting would be a breeze. The toll milling options assumed lower recoveries at 92%, removing the cheaper gravity circuit from the plan. The production profile is similar (average 74Koz pa over the 11 year LOM) but operating costs would be higher at $119/t and US$938 AISC. However, with the lower upfront capex at $65M the IRR improves to ~44% (NPV5%: $197M).
• Growing Resource Presents Upside: The PEA used a lower cut-off at 2.6g/t (from 3.0g/t) from the previously stated South West resource. This increased the size of the total indicated and inferred South West resource by 22% to 1.8Moz (from ~1.5Moz). We note, this PEA was based on where the majority of drilling has been so far, the South West deposit and is more than enough to get started. Satellite deposits could offer additional upside in the future.
• Surrounded by Operating Mines/Mills: Toll milling could occur at any of the existing mills in the area including Holt Holloway, Black Fox, Hoyle Pond, Hollinger, Timmins West, and Bell Creek. Kirkland Lake’s (KL-T, Not Rated) and Newmont’s (NEM-N, Not Rated) recent formation of a strategic alliance on exploration in the area also bodes well for the camp and Moneta.
Valuation – Cheap on Existing Resource
Our $0.35/share price target is based on an in-situ multiple (~US$50/oz Au or ~3% of our long-term gold price) on the 1.7Moz Golden Highway resource.
Bottom Line – Build it or Toll It, Either Way Works
The resource growth, stock valuation, and gold price will make the decision in the next year or so if industry players don’t act first. With a desirable location in an existing camp with many underutilized mills the existing resource alone renders Moneta undervalued. We maintain our Buy recommendation and $0.35/share target price.
Premier Gold's Hasaga project in 2018, located in the Red Lake district of northwestern Ontario. credit: Premier Gold Mines BY: CANADIAN MINING JOURNAL STAFF NOVEMBER 17, 2020
Premier Gold Mines (TSX: PG; US-OTC: PIRGF) has released exploration results from its wholly owned Hasaga project in Ontario’s Red Lake camp that point to extensions of the Epp-C and Epp-D zones at the past-producing site.
The company has reported assay results for six drill holes, which stepped out the Epp-C area to the east and confirm continuity of the high-grade structures within the Epp-D zone for at least 240 metres.
Drill highlights from up-dip extensions of Epp-C include 17 metres of 4.93 grams gold per tonne; and 4 metres of 76.12 grams gold per tonne. Infill drilling within Epp-C returned 8 metres of 26.82 grams gold.
Notable intercepts from Epp-D include 11 metres of 4.94 grams gold and 2 metres of 7.18 grams gold.
“This drilling campaign intersected gold mineralization in every hole and was often accompanied by visible gold,” executive vice president Stephen McGibbon said in a statement. “In addition to significantly expanding the Epp-C and D zones, we have successfully demonstrated widespread mineralization further to the west toward Buffalo that warrants continued exploration.”
The Hasaga project features high-grade mineralization with true widths of up to 30 metres and is adjacent to Pure Gold Mining’s (TSXV: PGM) PureGold mine.
The Hasaga site includes the past-producing Hasaga Gold Mine, Buffalo Gold Mine and Goldshore Gold mines. :-))
Premier’s focus for this year is assessing the underground potential of Hasaga. An underground resource estimate is expected by year-end.
Current resources at the site include 42.3 million measured and indicated tonnes, at 0.83 gram gold, containing 1.1 million oz. gold; and 25.1 million inferred tonnes, at 0.78 gram gold, for a further 631,000 oz. gold.
CIBC has a 12-18 month price target on the stock of $4.50 per share.
Over the last year, Premier has traded in a range of 85 cents and $3.10 and at presstime was trading at $2.52 per share. The company has about 237 million common shares outstanding for a market cap of about $598 million.
— This article first appeared in the Canadian Mining Journal, part of the Glacier Resource Innovation Group.
Premier Gold Mines riding high with growth potential
Premier Gold Mines is trading at a two-year high having turned its Mercedes operation in Mexico around while also planning a spin-out of its Nevada operations.
Premier Gold Mines riding high with growth potential South Arturo in Nevada, USA
Gold And Silver > Gold-and-silver-news18 September 2020CommentsShare "Mercedes struggled through 2019 and into 2020, but COVID-19 was an opportunity for the company to step back and rethink the project from the ground up," COO Peter van Alphen told Mining Journal.
trader_ron thanks; RE:Mengapher Copper Porphryry.......Interesting article These copper/gold /silver porphrys are much more important than i had realized.
That impression was derived from low grades of these porphrys, but research on recoveries shows about 90 % copper and about 65 % for gold.
Mengapher has 50.9 million tons of ore , containing 394,000 tons of copper which is close to 900 million lbs.
It also contains 409,000 ounces of gold plus millions of ounces of silver.
At 2 million tons per year, its mine life would be about 25 years.
What is also positive is that the overburden is magnetite rich in iron ore.
Removal of this overburden can be expensive but with lots of magnetite iron ore in the overburden soils which has been and can be profitably sold, this process can carry on until the skarn rock is fully exposed, with progits directed towards paying for the mill.
Mengpaher will need more drilling to upgrade the 43-101 categories to measured from Indicated, but this too can be paid for by the sale of magnetite soils.
I dont know what Monument might get for its 100 % owned Mangapher project.
I would hope at least $40 million US up front and a 2-3 % NSR on future production.
Contained in this would be 1.2 million tons of stockpiled magnetite which should convert ,upon concentration and milling,to about 200,000 tons or so of 62 % iron fines valued at about $27 million US at current iron ore prices. by nozzpack (519) thanks good info December 09, 2020 - 08:33 AM
Monument Mining (TSXV:MMY) Photo Gallery - well they growing with new great discovery of plenty more gold ore to increase the ore reserve with good drilling results to be mined many future years the weather is good no curtain needed - :-))
1,000th Gold Bar Pour Photo Gallery :-)) It's a great Mother ore start
News Releases Monument Reports First Quarter Fiscal 2021 (“Q1 2021”) Results November 16, 2020 View PDF Gross Revenue of $5.92 Million and Cash Cost of US$923/Oz
Vancouver, B.C., November 16, 2020,
Monument Mining Limited (TSX-V: MMY and FSE: D7Q1) “Monument” or the “Company” today announced its first quarter production and financial results for the three months ended September 30, 2020. All amounts are expressed in United States dollars (“US$”) unless otherwise indicated (refer to www.sedar.com for full financial results).
President and CEO Cathy Zhai commented: “Fiscal 2021 started with new challenging as a global COVID-19 pandemic carried forward from fiscal 2020. The Company has fully resumed its production in the first quarter from eight-week’s mining ban at Selinsing in the first quarter, the Selinsing Sulphide gold plant upgrade is however still pending for financing.
“On the other hand, gold price surged to record high and the gold mining sector was very active in Western Australia, gold mining producers enjoyed high production margins, and investment is flowing into that region for gold explorations.
The Company continues try hard to access to financing, and it is very closely monitoring the market and looking for divesting of base metal portfolio to focus on primary gold assets, as well as new corporate development opportunities to lift up market value for the best interest of its shareholders.”
First Quarter Highlights:
3,504 ounces (“oz”) of gold produced (Q1 2020:
4,852oz) with 3,100oz of gold sold for gross revenue of $5.92 million (Q1 2020: 4,323oz of gold sold for revenue of $6.34 million);
Gross margin of $3.06 million (Q1 2020: $2.65 million);
Average realized price per ounce, excluding prepaid gold sales, of $1,909/oz (Q1 2020: $1,475/oz);
Cash cost per ounce of $923/oz (Q1 2020: $855/oz);
All-in sustaining costs per ounce (“AISC”) of $1,055/oz (Q1 2020: $1,158/oz);
Peranggih grade control drilling after positive trial mining results identified 58,662 tonnes at 0.93g/t Au materials;
Production resumed at Selinsing after lifting eight weeks mining ban in last quarter during COVID-19 pandemic Entering into a Tuckanarra JV arrangement with Odyssey subsequent to the quarter opens corporate development opportunities in WA region.
RE:Substantial Increase in Gold ...Stage 1 open pit Peranghi nozzpack @ sth. wrote:
Based on the 2017 GC drilling program which identified a high grade zone measuring 150 m by 80 m in P North ( see Fig 1 in link below ) management estimated this this GC zone contained 20,000 to 30,000 ounces....see link to 2017 NR below.
The recently completed 5002 m GC drilling of this Zone elicited this statement from management..
The GC delineated indicates;
54.2% higher contained ounces, 63% higher gold grade, and 5.2% less tonnage gold materials to be extracted than the initial assay results from 2017 GC drilling program at the same area.
So in just this small zone, we now have at least 31,000 to 47,000 ounces of even higher grade gold within a lesser volume of ore.
I had earlier missed this implication .
They are now telling us that we have a significant new gold deposit at Peranghi whose size will eventually describe a substantially new oxide resource once P North and the other 3 high grade zones are fully explored.
My earlier analyses of these 4 zones showed in excess of 120,000 ounces.
This discovery completely alters the future perspective for mining at Selinsing.....no rush to fund Biox as we have new and substantial sources of high grade oxides for years to come
xxxxxxxxxxxxxxx
The Peranggih phase 1 GC drill program was completed during Q1 2021 with additional 1,466 meters drilled bringing total drilling to 5,002 meters.
The drill program identified a total of 58,662 tonnes at 0.93g/t Au, which increased the mining inventory.
The GC delineated indicates;
54.2% higher contained ounces, 63% higher gold grade, and 5.2% less tonnage gold materials to be extracted than the initial assay results from 2017 GC drilling program at the same area.
A further GC drill program was planned;
The Peranggih phase 1 GC drill program was completed during Q1 2021 with additional 1,466 meters drilled bringing total drilling to 5,002 meters.
The drill program identified a; total of 58,662 tonnes at 0.93g/t Au, which increased the mining inventory.
The GC delineated indicates; 54.2% higher contained ounces, 63% higher gold grade, and 5.2% less tonnage gold materials to be extracted than the initial assay results from 2017 GC drilling program at the same area.
The recent 2017 close spaced RAB drilling program was carried out at an historic mining site to test 150m strike length x 80m width of the mineralization.
This allowed the accurate identification of several high grade gold (HG) zones surrounded by a main low grade (LG) halo.
The significant drill intersections; (Au >2.0 g/t & >5m length) within a more consistent high grade gold area are presented in Table 1.
The full set of drill results for the holes intercepting this HG gold mineralization occurrence are listed in
Appendix A and Appendix B.
Previous activities plus more recent exploration works, totaling 1,700m for 21 trenches, 2,900m of Diamond Drilling (DD) and Reverse Circulation (RC) drilling for 35 drill holes, and 2,800m of close spaced RAB drilling for approximately 300 drill holes (completed in 2017) have been used to outline an exploration target of 20,000 to 30,000 oz Au contained within 1 to 2 Mt @ 0.3 to 2.0 g/t Au. The potential tonnages and grades are con
Gold & Silver bulls starting to break out > ^ > ^ > ^
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