YUKON - Vancouver-based Golden Predator Mining reports that it has discovered an important new style of disseminated gold mineralization in the Sprogge area of its 3 Aces project. This is a potentially large gold bearing intrusive system not previous known at 3 Aces.A total of 27 shallow diamond drill holes tested six zones within a 1.4 by 1.0 km at Sprogge, and will be followed up next year. The...Read More
It is very difficult to pick exact bottoms but there are many tools we can use to help us pinpoint potential bottoms.You don't hear technical analysts talk about fundamentals but we do for a reason. Major shifts in the primary trend are supported by fundamental shifts, though they can be very hard to spot until after the fact.Because of our extensive study of history, we are convinced that preciou...Read More
The gold sector has been under pressure for seven years, but contrarian investors are looking at recent developments in the industry and thinking it might be time to start kicking the tires on some of the beaten-up stocks.Let's take a look at Barrick Gold (TSX:ABX)(NYSE:ABX) to see if it deserves to be on your buy list for 2019.ConsolidationHigh-quality gold deposits are becoming harder to find, a...Read More
Mr. Walter Coles reportsSKEENA INTERSECTS 14.57 G/T AUEQ OVER 31.50 METRES AT ESKAY CREEKSkeena Resources Ltd. has released additional gold-silver drill results for seven holes from the recently completed phase 1 surface drilling program at the Eskay Creek project located in the Golden Triangle of British Columbia. The multifaceted phase 1 program was performed in the historically drill-defined 21...Read More
Mr. Jeff Sundar reportsGENESIS WELCOMES NEW ADVISORS AND ANNOUNCES STRATEGIC PRIVATE PLACEMENTGenesis Metals Corp. has appointed Dr. Robert Carpenter, Dr. Andrew J. Ramcharan and Garrett Ainsworth as advisers to the company. It has also arranged a strategic private placement financing."We are proud and excited to have these exceptional gentlemen join the Genesis team as strategic advisers. We beli...Read More
QUEBEC - They don't call it "Windfall" Lake for nothing. The latest windfall from the property was made by Osisko Mining of Toronto. Drilling returned 83.9 g/t gold over 5.3 metres - an almost unheard of length for such a high grade.And that's not all. The same hole, OSK-W-18-1731 in the Lynx zone, also returned 89.3 g/t gold over 2.4 metres.Other holes were almost as promising: OSK-W-18-1728-W1 r...Read More
The TSX Venture Exchange has accepted for filing documentation with respect to a non-brokered private placement announced Nov. 20, 2018.Number of shares: 7,315,000 shares Purchase price: five cents per share Warrants: 7,315,000 share purchase warrants to purchase 7,315,000 sharesWarrant initial exercise price: 10 centsWarrant term to expiry: one year Number of placees: 24 placees Insid...Read More
IDM Mining (TSXV: IDM; US-OTC: IDMMF) has added a third underground drill at its Red Mountain underground gold-silver project, east of Stewart, British Columbia. The company has increased its drill program by 5,400 metres; it will now drill 13,000 metres across 54 holes.With its 2018 drilling, the company is testing various zones at Red Mountain including the northern and western extensions of the...Read More
The whole "robots taking your job" is a serious concern.Yes, most of what you'll see about it is overblown clickbait, but it's a real thing and it is getting real for more and more people all the time.Stories about it almost always have the air of the typical labor vs. owner trope, of careless capitalists using up and tossing out the people who created productivity and profits for them.Well that m...Read More
Publisher's Note: We're fortunate enough to have access to the legendary Mr. James Dines and his renowned research. Mr. Dines is "The Original Pot Bug" and took a bold stance early on, leading to massive gains for the readers of The Dines Letter.Now that the Canadian legalization process is complete and several more states legalized recreational (Michigan) and medical use (Utah and Missouri),...Read More
Gold prices are holding steady above the 50-day and 100-day moving averages as well as critical support sitting at $1218. This support level is based upon the .618% Fibonacci retracement level from a large data beginning in December 2016 when gold prices bottomed at $1124 per oz., up to the multi-year high that occurred $1369 per oz.Today’s uptick in Gold took it to a 2-week high and current...Read More
Infill drilling in the southwestern part of the Marathon deposit in Newfoundland continues to return high-grade gold intercepts, Marathon Gold Corp. (TSX: MOZ) reports.The company completed its 41,000-metre step-out and infill drill program for 2018 at the end of October and assays released today include 5.36 grams gold over 11 metres from 26 metres below surface in hole MA-18-330; 3.63 grams gold...Read More
Mr. Stephen Nano reports MIRASOL ANNOUNCES AGGRESSIVE 2019 EXPLORATION PROGRAM WITH OVER $7 MILLION SPENDING BY JOINT VENTURE PARTNERSMirasol Resources Ltd. has provided an update on exploration activities in progress and scheduled at the company's projects in Chile and Argentina for the coming exploration season.Stephen Nano, Mirasol's president and chief executive officer, commented, "The compan...Read More
Nov 21, 2018 Guest(s): Harry Anagnostaras-Adams Managing Director, Kefi Minerals Gold has likely bottomed out around the $1,200 an ounce level, and weak investor sentiment may be able to thank for it, this according to Harry Anagnostaras-Adams, managing director of Kefi Minerals. "When the set that moves together in the investment market is completely out, it's the best time to come in. And to m...Read More
Shares in struggling South African platinum producer Lonmin (LON:LMI) climbed Wednesday after the South African Competition Tribunal approved the company's takeover by Sibanye-Stillwater (JSE:SGL) (NYSE:SBGL), with conditionsBy late afternoon, Lonmin had climbed 8% to 48.12p, while Sibanye was slightly up in New York at $2.74 as the regulator imposed as condition a moratorium on planned layoffs at...Read More
Ms. Akiko Levinson reportsIRVING RESOURCES ANNOUNCES NON-BROKERED PRIVATE PLACEMENTIrving Resources Inc. intends to conduct a non-brokered private placement to raise approximately $2,083,000 by the issuance of approximately 1,894,000 units at a price of $1.10 per unit. Each unit will comprise one common share of the company and one-half of a share purchase warrant. Each whole warrant will be exerc...Read More
World's largest miner BHP (ASX, NYSE, LON, JSE:BHP) told investors on Wednesday that it has learned from its past mistakes and is now spending its money more wisely.Explaining BHP's fresh strategy to seek growth while maintaining a healthy balance sheet, chief financial officer Peter Beaven said in a briefing the company has learned to assess both risks and returns, actively manage threats and thi...Read More
(Kitco News) - Next year will be a turnaround year for silver, with prices expected to rally to $17 per ounce by the end of 2019 on higher investor demand and an unexpected end to the U.S. monetary policy tightening, according to Capital Economics.“Looking ahead, we think that 2019 will mark a turnaround for the silver price,” Capital Economics senior commodities economist Ross Strach...Read More
Consumer sentiment for November fell more than anticipated in the final reading of the month."Although the data recorded a decline of 2.8 Index points following the election, the drop was related more to income than political party," Richard Curtin, chief economist for The University of Michigan's survey, said in a statement.Michael Sheetz| @thesheetztweetzPublished 10 Hours AgoUpdated5 Hours AgoC...Read More
Companies are carrying a $9 trillion debt load, posing a potential threat should rates continue to rise and the economy weaken.Most Wall Street bond experts think the issue is contained for the next 12 to 18 months, though one says the market's "angst" is "not misplaced."A principal worry is over companies teetering between investment grade and junk that could cause market trouble should their sta...Read More