Real Gold In The Klondike

Whenever we hear of Dawson City or the Yukon we think about placer mining and all about the Klondike gold rush of 1898. Placer mining still takes place each and every year in the region and the lure of gold is so great that there are even a couple of TV shows ( Gold Rush & Yukon Gold ) now that are dedicated to placer mining in the Yukon. It's a region that is rich in history and gold and with new technology and public markets, there is a now a new group of players looking at exploring this region.

Companies like Kaminak Gold KAM and Atac ATC are just a couple of companies that have been in the news lately. We've talked earlier in this same section about Kaminak and most recently when they put out news regarding a feasabilty study on their Coffee project and getting additional backing from some big lenders. But today I would like to talk about a small almost unheard of company that has a dynamic portfolio of land in this region of the Yukon. The company in question is Gold Strike Resources GSR.

This season Gold Strike GSR is working on it's Plateau South claims. Initial drilling on the VG zone in 2013 intersected a blind, gold-mineralized shoot 3.25 metres below surface, with visible gold in three of eight drill holes, and a best intersection grading 7.60 grams per tonne gold over 9.03 metres, including 14.58 grams per tonne over 4.0 metres, and the zone remains open. Grab and channel samples assayed up to 15.45 ounces per ton have been obtained along the 25 kilometre
Yellow Giant Trend that includes the VG, Goldbank and Goldstack zones. On the Lucky Strike gold prospect in the White Gold District, a program of mechanical
trenching, ground magnetics, and prospecting, mapping and geochemical sampling is planned to
further advance the property and define additional drill targets.

What sets Gold Strike apart from other junior explorers is that it is also has a JV with a small oil producer, Petro One POP which has been in the news in the last month. Petro One has seen a very large financing with a Korean firm allowing Petro One to expand and continue proving it's land base in Saskatchewan and Manitoba. Just today, Gold Strike issued a press release stating that the company had retained the service of a Korean advisor to solicit expressions of interest from Korean-based firms for an agreement to fund a multi-year exploration and development program on the Plateau South mineral property in the Yukon territory.

Gold Strike has about 70 million shares O/S with a 52 week high of 28 cents and a low of 4 cents. Trading volumes have increased in the last few weeks and with news today that is similar to what Petro One had there very well could be a lot of excitment in the stock in the weeks to come. Petro One has seen a 200% pop in it's share price.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

Guyana's Next Producing Gold Mine

During the long grinding bear market phase for the junior exploration sector many companies were forced to give up on projects that held great potential. These projects are now being recycled into new ventures that are better positioned to carry the ball. Gold has been showing more vigor of late and recently achieved a new yearly high above $1300. This could be the start of a new bull phase and thus may be an ideal time for a gold explorer with a solid project to be active.

Guyana Goldstrike Inc. GYA is an emerging junior explorer that has speculative appeal in the current market environment. The company recently secured a purchase option to control 100% ownership of the Marudi Gold property in Guyana by issuing shares, plus a staged payment plan amounting to $775,000. I believe this deal was a bargain for several reasons.

Marudi is an advanced project that has seen historic exploration work going back more than 50 years, by several previous operators. More than $30 million in historic exploration work has been completed, targeting various gold showings on the property area. This includes 125 drill holes amounting to over 40,000 meters of diamond drilling. The previous work contributed to the discovery a significant gold deposit with several other development sites, representing a head start towards the ultimate goal of establishing a serious candidate for mine development.

In addition, extensive soil sampling and trenching work has identified numerous targets that were never tested with a modern drill program. Analysis of sample material has indicated that the coarse gold present near surface has not been transported far from its geologic source. This is very important as it suggests the potential for a larger discovery zone in the bedrock nearby.

In 1996 an NI43-101 report provided by Kilborn outlined 390,000 ounces of gold averaging 2.8 gpt from the main "open pit" deposit site. Further exploration since 2000 expanded the historic gold estimate to 760,000 ounces. This revised total is not yet compliant with NI43-101 reporting standards.

Another attractive element to this story is the recurring cash flow that is being generated through a royalty agreement with small scale local miners that are active on the property. The company reported in June that this arrangement has already contributed a significant windfall as its share of that gold production amounted to net proceeds of US$106,490. Guyana Goldstrike anticipates that similar royalty payments will be due each quarter, representing 10% of all gold production from the local operators.

The ability of a crude, small scale mining approach to generate significant gold output from just the near surface alluvial zone is a testament to the prolific gold endowment of this district. The weathered soil horizon near surface is estimated to contain more than 50,000 ounces of gold in the soft saprolite overburden, and there is the potential for half a million ounces or more just held within this zone.

What is clear at this point is that numerous gold showings have been identified across much of the twelve square kilometer property area, encountered near surface and with the prospect for development to enable low cost gold mining if a larger deposit area is proven up. Guyana Goldstrike has retained MineIT Consulting group to assist with compiling a database of all the previous exploration data, and presenting an updating geological model to interpret new target areas that have the best potential for further discovery success.

It is the established presence of hard rock gold deposit areas further to depth that has captured the imagination of the geologists to move this project forward. A thorough exploration program (trenching and drilling) is set to commence within months that will follow up on some of the higher grade intervals from previous work, with the objective to confirm historic assay data, and to expand on the discovery areas already in hand. The ambitious target from this work is to define a NI43-101 compliant gold resource of more than 1 million ounces in the first year.

Given that extensive infrastructure is already in place at Marudi, including road access right through the project area and a functional base camp, an extensive drill program may still be completed on a reasonable budget in Guyana. The company has already secured a mining license and permitting to enable the work to kick off, and the project is suitable for year-round access and exploration activity.

A final point of importance to this story is that Guyana itself may be considered underexplored at this point. The Guiana Shield is an attractive and well documented gold bearing district with geological characteristics similar to West Africa. As more work is carried out in the country and new high profile gold discoveries are reported, it is likely that Guyana will become much more appealing to investors as a premium district and that too will help to support a higher market valuation for companies like Guyana Goldstrike.

When adding in the value of the regular cash flow coming in, plus the upside potential for several new discovery highlights that may be outlined in the year ahead, there is a good case to be made for a speculative position right now in this emerging gold junior.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

GAdams

Exploring and Mining Sand

When we think about junior mining companies we always seem to think gold and silver explorers. Then after that we head down the list to base metals like copper, zinc and nickel. Then we go down the list even more and we find rare earths, graphites and if we go deeper we find potash and phosphates. That would be the extent of so called mining and exploration to most.

With the down turn in metals we are seeing a lot of juniors jump onto the marijuana and cannibas bandwagon. It's alot like in the early 1990's when some juniors re-invented themselves into tech ventures. But now there is a whole new industry that is springing up. Not very many people are even aware of it but this something is the mining of sand. Not ordinary sand but special grades of sand for fracking wells. With the oil patch drilling deeper into the so called shale plays like the Bakken, the Marcelus, or in Canada the Monteny, these wells need to be fracked in order to produce gas and fracking takes a lot of sand. Just to frack one well can take as much as 12 or more rail cars of frack sand. With thousands of wells being slated to be fracked, that is a lot of sand.

Sand producers in the US are running a full capacity and the stocks of these companies have gone through the roof. US Silica SLCA is an excample of what kind of price you pay for a sand stock in the US. In Canada there is no so called major player yet as most sand is mined by private companies like Winnbay in Saskatchewan. Now of course with the down turn in metals a few juniors are regrouping and looking into the frac sand business as a viable alternative in mining and exploration.

Victory Nickel NI is one such junior that has gotten involved in the production of frack sand. The company has its own sand plant in the Medicine Hat region of Alberta. Another company is Athabasca Minerals ABM who has sand and aggregates in the Fort MacMurray area of Alberta

.

Another company which is a gold explorer, La Ronge Gold LAR is also getting into the sand business. In a recent news release the company stated that they were looking at buying a private company called CanFrac. This company already is set up and producing the sands required for well fracking and best of all the location is right in the heart of the oil patch with all infastructure already in place. The stock is halted at the moment.

So if you have confidence in the oil and gas sector and are down and out on metals these types of stocks may be appealing. I am sure there will be news out in the near future of another junior looking at getting into the sand mining business.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

GAdams

Gitennes Drilling At Snowbird

There are some junior mining companies that seem to never tire of exploring. While a lot of companies over the years have delisted or reinvented themselves into tech or pot, there are a few that stick to their roots and keep hunting for that next deposit that could become the next big find. I first became aware of Gitennes Exploration GIT about 25 years ago when the NWT diamond rush was in full swing. I was a shareholder in a small junior that had some property up in the Yamba Lake area along the Corridor Of Hope. Make a long story short, while we were looking for diamonds, Gitennes optioned some ground and was looking for gold. Twenty five years later, here they are, still out there looking for gold and this time they could be onto something very big.

The company at this time has two properties in BC and a royalty agreement in Peru. The project in Peru is the Urumalqui which is an advanced silver-gold project containing an inferred mineral resource. Gitennes retains an uncapped 1.5% NSR on all mineral products produced from the project. The Project consists of four contiguous mineral concessions totalling 2,700 hectares, owned 100% by AndeanGold. Urumalqui was originally acquired by Gitennes in 2002 through a joint venture but in June, 2005 the JV was terminated and Gitennes assumed 100% of the project. AndeanGold acquired 100% of the Project in December, 2014 through the exercise of two option agreements originally signed in 2010 and 2012.

The two properties in BC are the Hixon and Snowbird. The Hixon property is approximately five kilometers east of Hixon, BC which is located on Hwy 97 between Prince George and Quesnel. This property consists of two 100% owned adjacent mineral claims covering approximately 1,450 hectares. The Company completed a first phase reconnaissance program in August 2016 to provide a base of information and to determine the next phase of work on the Property. To the Company's knowledge there is no record of prior exploration having been done on its claims. The first phase of exploration consisted of high resolution ground magnetics, EM16 VLF electromagnetics, soil sampling and mapping. Two reconnaissance soil sampling lines and one line of mobile metal ion sampling was done in an area thought to be underlain by rocks of the Snowshoe Group. In much of the area the soil profile was not well developed. A total of 49 soil samples, including 27 MMI samples, were collected and all samples were assayed for precious and base metals.

As of today however the big prize is saved for last and that is the Snowbird property. This property is just east about 20KM of Fort St. James BC. This is a high grade gold project that consists of 11 mineral tenures, comprising 7,120 hectares. This project has has seen little to no exploration since the late 1980,s when three diamond drill programmes were completed bringing the total diamond drilling on the Project to 88 holes totalling 9,340 metres. The drilling was concentrated between two zones Main and North, over 800 metres and left several zones untested including the New Showing two kilometres north of the drilling.

The Project is orogenic in style and has been recognized as being similar to other lode gold systems that are associated with terrane boundary structures and ophiolite complexes within the Cordillera. Several well-known examples of significant past producers include the Motherlode District and Quartz Hill in California and in British Columbia, Rossland, Bralorne and Barkerville. Drilling in previous campaigns has been carried out over approximately 800 metres of the prospective Sowchea Fault Zone to a vertical depth of 180 metres. Drill hole X 86-7 intersected 1.0 metre of 24.5 g/t gold from 28.04 m to 29.04 metres and hole X 88-13 intersected 1.0 metre of 48.0 g/t gold from 109.72 m to 110.72 m

At the time of this writing, October 18 2017, the company has announced that a drill rig has been mobilized and is drill ready on this project. A quick look at the chart can tell you that there is considerable interest project as the stock price has doubled from it's 6 cent range. Looking back over the year, the stock price was one cent for a 52 week low. The company has just under 80 million shares O/S.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

GAdams


Gold Found Here

Feb.3.16

Most junior mining companies in the world are located in Canada. In fact some of the largest miners are Canadian companies. Companies like Barrick Gold, Teck, Eldorado, which are known the world over got started right here in Canada. One of the reasons is because Canada itself is the largest country in the world by land mass and is stuffed full of resources. From coast to coast you will find resources play a big roll in the country. Whether it be mining and minerals, oil and gas, pulp and timber, Canada has it all.

So it should come as no surprise that even though we find a lot of these small companies scattered around the world looking for the next big deposit, that some of these companies have decided to stay right here in Canada and explore and develope. A lot of these companies however have become forgotten over the past few years as the price of gold, silver and other metals have gone down. Lack of funding equals less exploration which in turn equals less interest.

However since the start of the year there seems to be a renewed interest in the metals and that includes a lot of the juniors mining stocks. While the DJIA has lost about 6% and most other stock exchanges are the same, gold is up over 7% YTD and we are just through the first month of the year. Looking at these figures we see a definate trend of new money going into junior mining stocks. There are lot of these companies that are trading for 1 and 2 cents but have values double, triple or even quadruple that just in cash values alone. Soem of these stocks have been totally inactive for months if not years are starting to get active. Trading volumes are increasing and trading volumes are responding to news whereas a year or so ago even the best of news would only bring a yawn.

An example would be the news that came out yesterday for New Carolin Gold Corp. LAD where the comany is having their terms for a 100% ownership of the Ladner Gold project ammended. This may not seem like big news on the surface but read between the lines and you will see that the company will own 100% of the rights to 144 sq km of prime gold property just outside of Vancouver BC. That news sent the stock almost back to it's 52 week high with close to 6 million shares trading hands.

Then today more news came out stating: Further to the press release on the morning of Feb. 3, 2016, New Carolin Gold Corp. will increase its financing as follows: The company will cap this financing with the issuance of up to 26.25 million units in its capital stock for gross proceeds and consideration of up to $1,312,500 in a combination of flow-through units and non-flow-through units, a drilling services contract, and a settlement of $225,000 related to an unpaid drill program carried out in 2012.

No news that I can find but for some reason Decade Resources DEC was very active today also. Stock price up a full cent to 2.5 cents. Decade has a work program going on in the Stewart Bc area. There are rumors of good assays and news but we shall see how thing unfold with this small Canadian player.

For those of us who like to trade out these penny mining stocks, who knows, maybe it's starting to be happy day are here again.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

GAdams

 

Gold Is where You Find It

It's been said time and time again, that the best place to find a mine is where there already is a mine. These days with newer technology exploring old mines for new ore is a great way to eleminate a lot of risk and conserve a lot of money. With juniors all over today trying to just stay afloat, raising extra capital is probably one of the hardest parts of the job.

So when it comes to looking for juniors with a good upside potential we like to look at ones that have properties that are located in old mine areas that have a rich history and most of all has some of the infastructure already in place. Old hard rock mines with a good history sometime just need a new set of eye balls looking over the data and modeling. Throw in newer technology and you end up with small miners like the one in this article.

Before I get started I would like to point out the map in the picture above. See the May Mac mine? It's the one with the red star and it owned by Golden Dawn Minerals. Golden Dawn Minerals GOM is a small junior company that has the old May Mac Mine in the Greenwood mining district of British Columbia. The original May Mac showing, discovered and staked in 1894, was developed by several shafts and three adit tunnels. Some 32 tonnes (metric) (35 tons) of mineral were shipped over the subsequent nine years, grading 319 grams per tonne (g/t) gold (9.3 ounces per ton [oz/ton]). By 1904, a new parallel vein, termed the Upper Skomac, was discovered, developed by a new adit tunnel (Adit #4) and mined, sporadically yielding 670 tonnes (790 tons) over the ensuing 33 years, grading in the range of 3,000 g/t (100 oz/ton) silver.

Between 1961 and 1965, a fifth adit tunnel (Adit #5) was developed on the Upper Skomac vein, from which some 553 tonnes (609 tons) of mineral were extracted, averaging 1.37 g/t (0.04 oz/ton) gold, and 185 g/t (5.41 oz/ton) silver, plus 2.1% lead and 1% zinc. During the same period, a diamond drill hole apparently intersected a new vein, with an intersected width of six feet, grading 21.5 g/t (0.62 oz/ton) gold, 14,400 g/t (420 oz/ton) silver, 19.9% lead and 2.1% copper. Then in 1972, Robert Mine Ltd. acquired the property and between 1974 and 1976, developed another tunnel (Adit #6) on the Upper Skomac vein. Four mineral shoots were encountered and mined above the Adit #6, producing 950 tonnes (1,050 tons) of mineral averaging 3.66 g/t (0.107 oz/ton) gold, 593 g/t (17.3 oz/ton) silver, 3.2% lead, 2.0% zinc and 0.25% copper. The following year, another adit tunnel (Adit #7) was collared and driven for some 215 m (700 ft). According to verbal communication with the operator who owned the mine at that time, a vein was encountered some 60 m (200 ft) in the tunnel from the portal, which averaged in the range of 15 g/t (0.43 oz/ton) gold over a length of 15 m (50 ft) and an average width of 60 cm (2 ft).

An 80 tonne per day flotation mill (90 tons/day) was installed in 1982. In 1983, some 1,570 tons of low grade ore were milled, yielding 100 tonnes (110 tons) of bulk concentrate averaging 15.5 g/t (0.43 oz/ton) gold, 2,194 g/t (64 oz/ton) silver, plus lead and zinc. The mine has been inactive since that time. The May Mac Mine, mill and tailings pond are all currently permitted.

Golden Dawn has around 36 million shares O/S plus around 19 million warrants. Management & directors own about 12%. A quick look at the chart above will tell you things have been getting a bit active and with a good turn in gold prices, this could be an exciting play. his is also a play that is not at 52 week lows like so many other juniors we see out there.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

GAdams


Building A Mineral Bank

Most junior mining companies spend their entire existence on searching for the perfect chunck of property that will deliver a deposit of some kind. Once that property is found the company will go to investors and public markets to raise money to explore and drill and eventually prove up that property so that the property could be optioned or joint ventured or maybe even see themselves getting bought out by a midtier or major mining company.

First Mining Finance FF does the same sort of thing in that it aquires properties of merit, but after it does it's due diligence and exploration work to prove the viability of the property, it will option the property out to another company. This other company will be able to prospect, explore and drill with the options of earning a percentage of the property or eventual ownership of the property. What First Mining gets is a form of royalty once the property goes into production.
From the website it states: Our mineral bank business model is to acquire mineral assets for exceptionally low prices and to hold those assets until the capital markets for mining improves. At that point we would add value for our shareholders by entering into agreements with third parties that would move the projects forward while First Mining holds residual interests in the projects.

The company has a huge portfolio of mineral properties. As of this date there is a total of 25 different property at varying degrees of exploration. These properties total over 300,000 hectares of land that is located in Canada, USA and Mexico. Mineral of interest are gold, silver, copper, lead, zinc, and iron-ore with gold being the main focus.

Some of these properties are world class. One such property is the Springpole Gold Project which is located in northern Ontario, Canada. Springpole has an Indicated Resource of 128.2 Mt grading 1.07 g/t Au, containing 4.41 million ounces of gold and an Inferred Resource of 25.7 Mt grading 0.83 g/t, containing 0.7 million ounces of gold. The Hope Brook property in Newfoundland has indicated resource of5.5 Mt at 4.77 g/t Au containing 844,000 ounces of gold and an inferred resource of 0.84 Mt at 4.11 g/t Au containing 110,000 ounces of gold.

First Mining holds a property in Nevada that is comprised of 1562 hectares located along the Battle Mountain-Eureka Trend, 16 kms south of Barrick Gold Corp.'s Cortez Mine Complex, nine kms west of its Gold Rush deposit and 1.5 kms east of the Toiyabe Mine. In Mexico the company holds 12 properties that all contain known mineralization and are at various states of exploration. These properties are located in Sonora, Oaxaca and Durango.

The company has top notch management with Keith Neumeyer as chairman. Keith Neumeyer is the CEO of First Majestic which is one of the largest silver miners in the world. First Majestic owns producing silver mines throughout Mexico.

Of course one look at the stock chart above and it paints sort of a dismal picture. One of the reasons is that First Mining is part of the GDXJ and rules are changing within that ETF as to how many juniors and what percentage of the stock the ETF will own. Some funds of course have strict guidelines and need to lessen their exposure. However it has been noted that the company has migrated from the venture board over to the TSX big board. Being on the TSX allows the company to be of investment interest to other types of funds and investments and we could very well see the stock price appreciate. Of course we may very well have to wait until this sell off of precious metals ends.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

GAdams

Editor's Note: The editor of this article owns stock in First Mining at the time of this writing.


Small Silver Miner With A Whole Bunch Of Extras
In the last write up below we looked at Carmax Mining who is working in the Golden Triangle of British Columbia on a copper-moly-gold deposit. Today we are going to take a look at a junior that also is working on a project in the same area, has a producing silver mine and is also developing a rare earth type deposit of colbalt and bismuth. The company is Fortune Minerals FT.

Fortune Minerals project in the Golden Triangle is the Arctos project which is one of the world's premier metallurgical coal developments. The project is owned by the Arctos Anthracite Joint Venture an international collaboration between Fortune (80%) and POSCO Canada Ltd. (20%), a subsidiary of South Koreas POSCO one of the world's largest steel producers. POSCAN is responsible for funding 20% of the capital and operating costs for the project and will receive 20% of the coal. Anthracite coal is a prized type of coal for steel making and this deposit will potentialy supply 3 million tons of coal a year for about 25 years.

Fortune Minerals also has the Revenue Mine in Colorado which is a producing underground high grade silver mine & mill with byproduct gold, lead & zinc. The mine has a historical production of around 15 million ozs of silver from 1876 - 1912. The mine resources are around 888,283 tons (diluted), averaging 14.6 ounces of silver per ton, 0.02 ounces of gold per ton, 2.26 percent lead, and 0.90 percent zinc. In fact the Revenue Mine has the highest grade per ton silver than any of it's peers a seen in the graph below.

Fortune also has the NICO Gold-Cobalt-Bismuth-Copper Project in the NWT. This deposit discovered by Fortune Minerals in 1996 and the company has been working on. What sets this project apart from most and makes it unique is that this deposit includes more than 10% of global bismuth reserves. The NICO deposit contains open pit and underground Proven and Probable Minerals Reserves totaling 33 million tonnes containing 1.1 million ounces of gold, 82 million pounds of cobalt, 102 million pounds of bismuth, and 27 million pounds of copper. At the planned mill throughput rate of 4,650 tonnes of ore per day, the mineral reserves will sustain operations for 20 years.

Fortune Minerals has around 190 million shares with about 35% held by insiders and Procon. With approx. 6 million in working capital, a 52 week trading range of 20 cents and 45 cents, average trading volumes of 100,000 per day makes this a liquid stock well worth keeping on your watch list.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

GAdams


Exploring For Gold In Nevada

Nevada has long been known as a pro mining state. Going back into the 1800's Nevada was the place to be. Known today as the silver state, Nevada had is share of booms and busts. Although it was silver that was mined mostly back then during it's wild west days, there was gold being mined also. Nevada is home to the Carlin Trend, North America's most prolific gold-producing area and the second-largest known gold resource in the world. Numerous sources estimate the amount of gold contained in the trend may contain up to 180 million ounces of gold. It's in this resource that we are going to take a look at a junior miner that is actively working today to get it's share of theat 180 million ounces.

Gold Standard Ventures GSV is an advanced stage gold exploration company focused on a district scale discovery on it's Railroad-Pinion gold project in Nevada's Carlin Trend. The Project is located at the southeast end of the Carlin Trend, a northwest alignment of sedimentary rock hosted gold deposits that hosts some of the world's largest gold mines. More than 40 separate gold deposits have been delineated along the Carlin Trend since the 1960's and those estimates of reserves are around 100 million ounces.

The company's main property of interest is called the Railroad-Pinion Gold Project. The 100% owned and controlled project, covers approximately 115 km2 (45 miles2) including the recent Pinion deposit acquisition which is located in North Central Nevada. The project property is located right close to Newmont's Rain and Emigrant mines, and is 47 kilometers southwest of Elko. Resources at Pinion are 423k ounces indicated + 1,022k ounces inferred while at Dark Star there is 375k ounces inferred.

Also there is another grouping of claims called North Bullion. This deposit was the first significant gold discovery made by the company and there is also the Bald Mountain target which is an additional new oxide-gold discovery situated near the Bullion Intrusion which is in Central Railroad.

In the companies last news release in November they published drill results that confirm a discovery of a substantial new, higher grade oxide gold zone north of the Dark Star Deposit which is also part of the Railroad - Pinion project. Results from a a reverse-circulation (RC) hole drilled 515m north of the Dark Star maiden resource, returned an oxidized zone of 157.0 meters of 1.51 grams gold per tonne (g Au/t) among multiple, significant intercepts containing gold values above the cut-off grade of 0.14 g Au/t established by APEX Geoscience Ltd.

As far as stock performance goes, Gold Standard is by far out performing most mining stocks at this time. While most stocks remain mired in all time lows, the stock price here has done quite well. There is 187 million shares out there with 50% being held by institutions. Insiders hold another 13%.

In other news, we hope to be hearing some news very shortly from New Carolin Gold Corp. LAD in regards to further developments with the Ladner Gold Project which has been discussed about lately right here.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.


Eco Oro Minerals Is Onto Something In Columbia

Today when you look at the stock charts of many gold miners today, they all look the same. Most are sold off, look almost forgotten, sitting on 52 week or in cases even, historic lows. That also goes true for a lot of the other mineral explorers, whether it be copper, zinc nickel etc. Aside from the uranium sector though, most likely 90% of the juniors are down. But when it comes to gold, there is one explorer that is out shining them all and that junior is the one we will look at today. The junior we are going to look at is Eco Oro Minerals EOM.

Eco Oro Minerals is a precious metals exploration and mining development company with a portfolio of projects in Colombia. Their main focus is on their wholly-owned, multi-million ounce Angostura gold-silver deposit, located in northeastern Colombia. The Angostura Project, is located in the Soto Norte region of the Department of Santander in north-eastern Colombia. According to the 2012 World Gold Deposit Ranking, conducted by Natural Resource Holdings, Ltd., Angostura is by grade among the top 50 undeveloped deposits of more than 1 million ounces in the world.

The main Angostura deposit has four key satellite prospects: Mongora, La Plata, Armenia and Violetal. Including the Angostura Project, the Company has concessions, exploration licenses and exploitation permit areas covering an area of approximately 30,000 hectares. Only about 10% of the concessions, licenses and permit areas have been explored.

A National Instrument 43-101 compliant technical report dated March 23, 2012 indicates that Angostura has the potential to produce 222,000 to 303,000 gold equivalent ounces for 10 years at a rate of 6,000 tonnes per day. Just yesterday news was released and mentioned an updated NI 43-101. The updated NI 43-101 Mineral Resource Estimate - In recent months, following the announcement of the Santurban Paramo boundaries, the Company retained Micon International Ltd to prepare an updated mineral resource estimate. The updated mineral resource estimate will incorporate drilling (largely infill) not included in the 2012 PEA (approximately 40,000 meters of drilling in 96 holes) and will provide the basis for further engineering analysis. The updated mineral resource estimate is substantially advanced and is expected to be completed at the end of May 2015.

Also in the latest new release, the comany mentions it has retained NCL Ingeneria y Construccion SpA, Santiago, Chile to re-assess the underground mine capacity of the Angostura Project. The main objective of this study is to establish a production rate that is sustainable and contributes to a reduced Project footprint while maintaining optimum levels of potential precious metal production. NCL are considering various mine planning aspects such as:

The company stock trades on the TSX and at present there is 84 million shares outstanding. The stock has seen a 52 week low of 14 cents and a high of 95 cents. A quick look at the chart shows the MACD crossed over about a week ago. Firmer gold prices and more positive future news could keep this stock price well on an upward trend.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

GAdams

 

An African Miner Riding High On Gold

You can look at almost any metal miners chart and see the same thing over and over again. Stock price stuck at the 52 week low mark or just skidding sideways with lack of trading volume and in so many cases, a lack of NO NEWS. However there are a few miners out there that are bucking that trend. Today we take a quick look at a miner that although their stock price is way down from previous years, the price today is riding high. In 2007 the stock price for this company was over $10. Today however it can be bought for a mere 70 cents.

Endeavour Mining Corp EDV is a mid tier miner with four mines in Africa. These mines are located in Cote d'Ivoire, Ghana, Mali and Burkina Faso and are currently producing gold at a combined rate of 500,000 ounces per year. There is also the potential to add an additional 190,000 ounces per year by developing the fully permitted Hounde project in Burkina Faso.

Exploration programs continue to add more reserves to existing deposits. Exploration is focused on mine sites principally at Agbaou, Tabakoto, Segala and Kofi. A 2015 exploration program is underway with a budget of $4.6 million. This work program includes 7,500 m of core and 22,500 meters of RC drilling testinga total of eight target areas. Betea is the next deposit to receive work on improving classification and conversion to mineral reserves (mineral resources are currently 169,000 ounces Indicated and 385,000 ounces Inferred).

Endeavour Mining issued news today via press release stating: that they had gold production of 124,893 ounces during the third quarter of 2015 and nine-month production of 379,802 ounces. For the nine months, the Agbaou, Nzema and Youga mines are all ahead of the midpoint of their production guidance ranges. Nzema maintained its production levels despite a temporary drop in the grade of the purchased ore. The Tabakoto mine experienced several extreme rainfalls in the latter part of the quarter. This affected overall operation, in particular production from the North and South sections of the Tabakoto underground mine, reducing the grade of the material delivered to the mill and dropped production below targeted levels.

With that news the stock was active today and it looks like Endeavour may have turned a corner this metals bear market. Endeavour has around 413 million shares O/S at this time

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

CDNX Rebound?

North American Nickel NAN has their second set of assays out in a news release this week. Grades as high as 4.6 % over a 10 meter length. The stock? Went down! I am not sure what it takes anymore to rally a crowd. Maybe 100% pure nickel? Had these results been out about 15 years ago when Voiseys Bay was in the news this stock would be well into the 10 plus dollar range. And that was back then! For some strange reason there is more hype and pomp in copper and copper is a whole lot more abundant and less valuable price wise than nickel. Could be we've all been brainwashed into the "If every china man went out and bought a toaster the world would run out of copper" thinking, so copper is the hotter commodity of the day or else we maybe it's just search engines like google which hit over $1000 a share this week. Yes, one thousand dollars per share.

Helio Resources HRC put out news today stating that they are starting a diamond drill program to test the down plunge extensions of three high-grade zones identified within the Kenge resource at the company's 100-per-cent-owned SMP gold project in Tanzania. The stock rallied up almost 100% but closed the day up 35% @ 9.5 cents.

The junior resource market has been in a real slump for a long time, something like over 2 years now although it feels like forever. Even with all the articles telling us that China is buying up tons of gold and the economy is ready to collapse and the world is coming to and end, gold , silver and the miners are tanked out at the bottom. So the big questions is, "Are we at the bottom"? or will we stay in this slump for years to come. Well a picture is worth a thousand words and charts will always tell a story. I was sent a chart today that shows the CDNX is about to break out. What's big about this is that practically all the junior miners and small resource companies are listed on the CDNX. So maybe we are on the verge on a break out to the upside in the mining sector again.

Ka Ching. Hot 1/2 cent play for those who like to scatch and "maybe" win. Habanaro HAO is a 1/2 cent to 1 cent play that is getting a bit hotter. They were involved in some kind of oil play around Ft. MacMurrey that the Alberta government is suppose to compensate them for. They are also involved in a silver play in around Keno Yukon and have some claims of aluminus clay in Quebec. These aluminous clay claims in Quebec are bordering Orbite Aluminae ORT claim. Orbite has been in the news a bit lately as it is in the process of refining aluminous clays and the company also has a huge acreage of aluminous clays. Aluminous clays contain aluminum oxide which is used in aluminum. Back to Habanaro though, they also have properties gold in the White Gold area of Yukon which is a very prominant area of exploration. Some small bit of news from any of these plays could pop the stock up a cent or two. That's like 100% plus.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.


A High Grade & Shovel Ready Mine

Junior Miners is based in Atlin BC. Atlin is a small mining town with roots going back to the turn of the century when the Klondike gold rush was on. With about 400 poeple today it is a far cry from what it was about 100 years ago. Back then there was over 10,000 people here seeking their fortunes in gold. Although most of the gold mining here today is alluvial or placer mining, there is old workings throughout the area of where hard rock mining took place. Some of those mines were the Ruffner Silver Mine and Adanac moly deposit. Today however we are going to take a look at a mine that is located about 100 kilometres south of the town of Atlin, British Columbia or 65 kilometres northeast of Juneau, Alaska. The mine in question is the Tulsequah Chief mine and this mine is owned by Chieftain Metals Corp. CFB.

The Tulsequah Chief mine operated from 1951 - 1957 by Cominco Ltd. Production at the time was about 400 tonnes per day and was a seasonal operation using conventional barging to transport both concentrates and supplies. The mine shut down in 1957 due to low metal prices. In 1981 Redfern began exploration and staked a block of claims surrounding Cominco's Tulsequah Chief Mine. Work started in 1987 with surface diamond drill holes and continued each year until 1992 when Redfern purchased Cominco's interest in the property. Since that time, Redfern developed the project towards the eventual re-opening of the Tulsequah Chief Mine. This has included several campaigns of diamond drilling, permitting applications and feasibility evaluation work. In 2006, Redcorp initiated a feasibility study for the Tulsequah Project which demonstrated the economic value of the property. After the 2009 financial crisis, Redfern went under and Chieftain Metals then took over the mine and assets of Tulsequah Chief.

The Tulsequah Chief Project is among the highest grade VMS deposits of the world and is one of the world's lowest cost, near-term producers. This mine once in production will produce each year, 69 million Lb of zinc, 16 million Lb of copper, 11 million Lb of lead, 1,380,748 Oz of silver and 46,878 Oz of gold. In fact at todays metals prices, Chieftains cost of mining for the zinc is negative 90 cents a lb. With 9+ years of operating projected, Chieftain will have a first class mine on it's hands. You can view the latest company presentation from July 2014 here.

There are about 17 million shares O/S. The stock trades thin on the volume side due to the limited amount of stock that is free floating. 75% of the stock is held by institutions and management hold another 10% leaving 15% in private hands. 52 week high of 75 cents and a low of 10 cents. The stock today is 24 cents. Chieftain Metals could very well become BC's next mine in production.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

GAdams

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.GAdams

Have A Look At This African Miner

In a continuation of the last report about Eco Oro Minerals EOM I thought it maybe best to keep being on an upbeat tone here. After all no one has to tell you how bleak the mining sector is right now so any good news or bright spots will always make your day a bit more rosey.

Years ago I use to do a lot of swing trading and because I was familiar with mining stocks vs, tech stocks, I would always seem to gravitate towards mining stocks. There was an old saying that it was best to stick with what you know so for better of worse I would seem to follow those rules. One of the smaller stocks that I would trade because it was active and would trade a lot of stock was a small explorer/miner called Caledonia Mining CAL. The stock would trade always close to a million shares a day and it was priced around the 30 cent area if I am not mistaken. So the potential to make a few bucks over a few days trading was always there as it would run up a few cents and then fall back down. As time went on the company did a roll back of it's stock and then the trading sort of dried up. That however never stopped the company from doing what it does and mining gold is what it does best.

Caledonia has a portion of one gold mine and that gold mine is the Blanket Gold Mine in Zimbabwe Africa. The mine operates at a depth of approximately 750 meters below surface and produced approximately 45,500 ounces of gold in 2013. In November 2014, Caledonia announced a revised investment plan for the Blanket Mine in terms of which production is expected to increase to approximately 80,000 ounces of gold by 2021 following the investment of approximately US$70m, all of which is expected to be funded from internal cash generation and existing cash resources.

The Blanket Mine is located in the south-west of Zimbabwe approximately 15 km west of Gwanda, the provincial capital of Matabeleland South. Gwanda is 150 km south east of Bulawayo the country's second largest city and 196 km northwest of the Beit Bridge Border post with South Africa, and 560 km from Harare, Zimbabwe's capital city. Zimbabwe has a long history of mining and there are known occurrences of over 40 minerals in Zimbabwe, mainly gold, nickel and copper but also including coal, diamonds, PGE's and chromite.

Zimbabwe has been a gold producer for over 100 years. Gold production in Zimbabwe reached a peak of 29.7 tonnes in 1999, at which time it was ranked as the 16th largest gold producer in the world. Gold production fell to only 3.5 tonnes in 2008 and by the end of 2008 all the gold mines in Zimbabwe had been forced to close due to the failure of the Reserve Bank of Zimbabwe ("RBZ") to pay for gold which, under the prevailing regulations prior to February 2009, required all gold producers to sell gold to the RBZ. On January 28, 2014 Caledonia announced that as a result of new regulations introduced by the Zimbabwe Ministry of Finance, all gold produced in Zimbabwe must now be sold to Fidelity Printers and Refiners Limited ("Fidelity"), a company which is controlled by the Zimbabwean authorities and which is now responsible for the final refining and marketing of all gold produced in Zimbabwe. Accordingly, all of Blanket's production has subsequently been sold to Fidelity. Blanket receives 98.5% of the value of the gold within a maximum of 7 days of a sale to Fidelity. Blanket has received all payments due from Fidelity under these new arrangements in-full and on-time.

This year the company issued a press release stating: Caldonia has declared dividend No. 8, this being a dividend of 1.5 cents on each of the company's common shares. 1.5 cents is not a lot but for gold prices being what they are and how the market is today this is a postive note for sure.

Caldonia has about 52 million shares O/S with a 52 week high and low of $1.20 and .59 cents.

As always, use Due Diligence and see our Disclaimer and be sure to sign up for our free news letter located on the right hand side of this page.

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