Kiena mine. Credit: Wesdome. Drilling at Wesdome's (TSX:WDO) Kiena gold complex in Val D'Or, Quebec, has extended the high-grade Kiena Deep A zone downdip and confirmed the limits of existing mineralization.Drill highlights from stepout work, which extended the A zone by 100 metres downplunge to a total of 830 metres, include 10 metres of 114.8 g/t gold and 17.2 metres of 25.3 g/t gold.Highlights...Read More
Winter drilling at Colomac, NWT. Image from Nighthawk Gold. Nighthawk Gold (TSE: NHK) released results from recent drilling at the Goldcrest sill, part of its Indin Lake property in the Northwest Territories that also hosts its flagship Colomac Main project.The company drilled seven holes totalling 2,190 metres to follow up on areas identified during its three previous drill campaigns and to targ...Read More
Qube Bulk cargo. Credit: RCT. RCT, an autonomous solutions provider, has finalized a material handling project with Qube Bulk, a port logistics and infrastructure specialist, at the Whyalla Port in South Australia.In 2019, RCT installed and commissioned its ControlMaster line of sight automation solution as well as a single camera tele-remote solution onto a Liebherr R920 Excavator. Qube Bulk app...Read More
The 172.6-carat D-colour, Type IIa diamond discovered at Lucapa Diamond's Lulo mine in 2016. Image courtesy of Lucapa Diamond Company. Lucapa Diamond (ASX:LOM) and its partners Endiama and Rosas & Petalas reported on Wednesday positive results from the search for the hard-rock kimberlite source of the alluvial diamonds at the Lulo diamond field in Angola.According to the company, the first strea...Read More
Rio had moved to acquire a majority stake in Star's Fort à la Corne project, dubbed Project FalCon, in November - years ahead of schedule.Read More
Orica's share price (ORI) edged down marginally this morning on the news of its planned acquisition of Grupo Breca's 83.5% stake in Exsa, which is listed on the Lima Stock Exchange and had a market capitalisation after a circa-30% jump in its share price yesterday of about US$50 million.It plans to bid for Exsa minorities (16.5% balance of the company) via tender offers "in accordance with Peruvia...Read More
The rate of new infections in China of the Covid-19 virus seems to have stabilised, just as the death toll climbed above 2,000 and 75,193 confirmed cases of coronavirus are being monitored across the globe. However, the ripple effects the pandemic have wreaked on global supply chains are only now being felt, and questions linger on how long the impact on commodities such as zinc, lead, copper and...Read More
Share this articleVANCOUVER, British Columbia - Great Atlantic Resources Corp. [GR-TSXV] announced it has received analytical results for the fifth through tenth drill holes completed during the 2019 Phase 1 diamond drilling program at its Golden Promise Gold Property, located within the central Newfoundland gold belt. The drilling program was conducted at the Jaclyn Main Zone.The analytical resul...Read More
Whom do you trust?Think carefully because one very important part of your portfolio depends on how you answer that question.With news of the coronavirus flooding through every conceivable media stream, it's impressive to see how wildly different the takes have been on its fallout.Panic within the oil markets has been palpable for weeks. Oil prices recently careened under $50 per barrel after break...Read More
Gary Christenson, The Deviant InvestorSince 2009 stocks have risen into a bubble fueled by inexpensive debt, buybacks and QE. Most commodities have not matched the price increases. Palladium is an exception more later.The ratio of the commodity index to the S&P 500 Index sits at a historic low. Commodity prices are relatively low, and the S&P 500 is too high. That ratio will reverse.WHY? The b...Read More
StrengthsThe best performing metal this week was palladium, up 4.91 percent as hedge funds cut their bullish positions to a 17-month low. January's 22 percent slump in China's car sales could dampen demand short-term. Federal Reserve Chairman Jerome Powell testified before Congress this week and commented that "low rates are not really a choice anymore, they are a fact of reality." Powell sugg...Read More
Keith Weiner, Monetary MetalsThe price of gold rose $14 and the price of silver fell $0.07. The gold-silver ratio rose further with this price action.Welcome to our new Gold and Silver Market Report, or "Market Report" for short. We are separating this from the economics essay, which was attached for many years. As they used to say in many toy commercials of yore, "batteries sold separately" or...Read More
- RambusOver the last few weeks or so I've been writing a lot on the critical inflection point the PM complex was showing us. Today's price action is an important step in confirming the potential bullish outcome. There is still more work to be done from a longer term perspective but its one step at a time until total confirmation is attained.Lets start with the daily line combo chart we've bee...Read More
By: Ira EpsteinGold still needs to take out the missile day highs. Gold looking bullish with upside bias..Read More
Gold broke past $1600 after World Health Organization had cautioned there was not yet enough data to know if the epidemic had slowed. World Health Organization (WHO) Director-General said Chinese data "appears to show a decline in new cases" but any apparent trend "must be interpreted very cautiously." Russia said it will suspend entry of many Chinese citizens. Corporate profitability will be af...Read More
Defense Metals summarizes the testing highlights at its BC REE project. In a news release, Defense Metals Corp. (DEFN:TSX.V; DFMTF:OTC; 35D:FSEQB) announced that on hydrometallurgical testing at its Wicheeda property in British Columbia, extraction of rare earth elements (REEs) from a flotation concentrate into a leach solution was high, at about 90%. Treating the leach solution with limestone re...Read More
Gold Standard Ventures' new report estimates a 40% internal rate of return. Gold Standard Ventures Railroad-PinionIn a news release, Gold Standard Ventures Corp. (GSV:TSX.V; GSV:NYSE) announced that its updated South Railroad prefeasibility study (PFS) on its Railroad-Pinion project in Nevada shows improved economics and lower risks than in the initial report. South Railroad comprises the Dark St...Read More
Black Tusk Resources reported that it had completed a data compilation on its South Rim Gold property. Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) completed compiling and reviewing data on its South Rim gold property in central British Columbia, it announced in a news release."The results from historic work and accompanying database provide strong incentive to continue exploratio...Read More
The staked claims expand the size of Newrange Gold's property there by 50%. Newrange Gold Corp. (NRG:TSX.V; NRGOF:OTC) announced in a news release it staked another 105 claims at its Pamlico project in Nevada to cover several anomalies recently identified through an induced polarization (IP) and resistivity survey.The anomalies, which the company interprets as sulphide mineralization, warrant dri...Read More
Peter Epstein of Epstein Research profiles a company with a project in the highly prospective Red Lake area as well as properties in Argentina's Lithium Triangle. Last September Portofino Resources Inc. (POR:TSX.V; POT:FSE) announced a binding agreement for the right to acquire a 100% interest in mining claims in the famous Red Lake mining district of Ontario. Portofino joins both majors and juni...Read More