Some Junior Miners Are Going Up In Smoke

Back in the late 1990's after the Bre-X scandal, a lot of junior's were finding themselves with super low gold and silver prices and investors kind of turned off with metals. Some of these juniors proceeded to re-invent themselves into the tech and dot com boom that going on at the time. It seemed at the time that getting into whatever investors were chasing was the only way to survive. Today with a stagnant metals market and investors chasing everything but metal plays, a lot of these juniors are getting into legalized grow ops of pot. Some of these companies have seen there stock prices become 10 baggers overnight. Stocks sitting at 1 cent are seeing 25 cents, 50 cents and higher. LW Capital did a 1:5 rollback and then did an IPO and re-named itself Tweed TWD and then saw it's stock shot from 2 cents to almost 5 bucks in a matter of days. How long any of this will last and how many of these juniors will survive as pot growers is anyones guess. If your thinking of dabbling in these pot stocks I would stick with any juniors that are still hooked into the metals and mining and are just doing the pot thing as a way of diverification.

When it comes to diversifacation, Bayhorse Silver BHS is company that is looking at getting involved in the marijuana business but with a different twist. Bayhorse does not wish to be a grower but wishes to become a provider of services for the grow op industry offering services such as labs, growing equipment, buildings, permitting etc.

Other companies that are in the mining business but looking into grow ops are West Point Resources WPOSatori Resources BUD and Westar Resources WER. It will be only a matter of time before one knows which companies will be able to survive. For those who have access to capital and investors and get a foot in the door, they should be able to do OK. At this point in time there is still a lot of legal mumble jumble and differences between jurisdictions.

Spring time brings a slow down to winter drilling and the Athabasca Basin is in a slow down at the moment so uranium stocks are not quite as active as they were just a few short weeks ago. However spring time brings the start of summer drill programs and news was just out this past few days about North American Nickel NAN in Greenland. This year is going to be big! Two drill rigs and these rigs are now ooking to just how big that deposit they been drilling into for the past two years realy is. Some talk says it could very well be just a big or even bigger that Voisy's Bay. NAN stock has been trading higher each day now and is just under the 40 cent mark.

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.

Reasons To Watch Out For Nickel

For the past few years, metal prices have been really dismal. The juniors that explore for the metals have been hard hit and the majors who mine the metals have also been under a lot of strain. Just when you think prices have hit bottom and there might be a chance of an upside in a stock, the rug seems to get pulled out and down goes everything.

One metal in particular that stands out is nickel. Nickle prices have made a huge swing to the upside. Although still down from previous highs you can see in a 60 chart below how the metal is really bullish.

Today Scotia Bank put out news stating that their reasoning on nickel which had to do with Indonesia banning the export of raw un-smelted nickel out of the country. Indonesia had stated this four years ago but of course no one took them serious until all of a sudden there is starting to be a shortage of nickel and thus the price increase in the metal. Scotia also mentioned they were buying Royal Nickel RNX and the stock of Royal took off to a new 52 week high.

Aside from Indonesia's export ban, tensions in Ukrain and Russia could also help propel the price of nickel higher. One of the largest nickel mines in the world is the Norilsk Nickel Mine in Russia and if sanctions go into effect that in itself could drive nickel prices higher. Taking all of this into concideration, nickel looks like it could become the metal of choice and the flavour of the day for investors. For those looking at getting in on the ground floor of a junior of world class property, North American Nickel NAN has it's 100-per-cent-owned Maniitsoq nickel-copper-cobalt-platinum-group-metal project in southwest Greenland. News just this week was out letting shareholders know that the 2014 season has begun. This year there will be two drill rigs running and it is not to find out if there is nickel or not, this year is to define just how huge the deposit really is. Drilling over the past 2 years has pointed to what very well could become another Sudbury Basin or Voisy's Bay type deposit. Greenland being the last frontier and North American Nickel in on the ground floor could very well spell a lot of Ka Ching for investors this year.

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.

Yukon Gold Stocks

We are just a few days away from the Dawson Gold Show that is held every year in Dawson City Yukon. The Dawson area of the Yukon has long held the lure of the Klondike not just for independant placer miners but also for a lot of junior companies. Over the years junior mining companies have settled in the Dawson and other Yukon areas to explore for it's hidden treasures of gold.

Over time a lot of these finds have been explored to the point of some of them being almost shovel ready to mine. Companies like Atac Resources ATC developing Canada's only Carlin-type gold district at its 100% owned Rackla Gold Project. The Rackla Gold Project has no underlying royalties or third-party interests. ATAC is well-positioned with approximately $25 million in the treasury.

Kaminak Gold KAM is exploring it's 100% owned Coffee Gold Project, which is a multi-million ounce, high-grade oxide gold district that is amenable to heap leaching. The company has spent $65 million and drilled over 185,000 metres resulting in 16 separate and distinct discoveries and a NI 43-101 Mineral Resource Estimate consisting of an Indicated Resource of 14 million tonnes grading at 1.56g/t Au for 719,000 ounces and an Inferred Resource of 79 million tonnes grading at 1.36g/t Au for 3,434,000 ounces of gold at a base case cut-off of 0.5g/t Au for Oxide and Transitional material and a 1g/t Au cut-off for Sulphide material. With $17 million in cash, 2014 will be another benchmark year for the company as it delivers its first Preliminary Economic Assessment at Coffee and embarks on another aggressive drill campaign.

Further south of Dawson in the Mt. Nanson area is Western Copper WRN which is working on the Casino project. This project is a multi billion tonne deposit of copper and gold. The company is on track to develope a mine with construction starting in 2016.

Further east and south of Dawson in the Mayo area, Victoria Gold VIT is working on the it's Eagle Gold project. This could very well become the largest gold mine in Yukon history. The area of this deposit known as Dublin Gulch hosts the 6.3 M oz Eagle gold deposit (Indicated and Inferred), the Wolf tungsten deposit and a 13 km-long belt of Au and Ag mineralization

This is just a brief overview of what is taking place in the Yukon right now. Summer time is 24 hours of daylight and not a minute of the time is wasted as companies and prospectors are out looking for gold and other minerals.

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.

My 2 Cents For The Week

A quick look at any of the most gainers these days will show a lot of 100% gaines in a day. At first glance you think WOW, then after a second look you notice that the stock that just did a 100% jump is only 1 cent. Another quick look will tell you that there are a whole lot of these 1 cent stocks out there. The next issue though is to find that 1-2 cent stock that has the potential, the money, the project or all of the above to make it become a 4-5 cent stock. Don't kid yourself, they are out there. You just have to weed through them all.

One of the secrets to finding these plays is by narrowing down your search by finding stocks that have a low amount of shares, some cash and some ground to explore. Even if they don't have that much cash, having good ground or prospects will bring outside companies looking to JV, merge or even do a buyout. The other little secret is scanning through these small plays and finding the ones that have some active trading, preferrably in the hundreds of thousands of shares on a daily basis. Or try to find one that has a bit of an up swing in trading volumes along with the price increase. It could mean news out in the near future or could be just a group getting in on the buy side.

Just today, TAD Mineral Exploration TJ traded up 100% on almost 2 million shares. The stock had been down to as low as 1/2 cent and had a lot of very low volume days. Today it closed up at 2 cents. What's up?

So what has this little company have going for it? Well it holds land in the Patterson Lake South area of the Athabasca Basin right close to where NexGen NXE and Fission FCU are working. Both of these juniors have seen their stock trade like crazy and both have been putting out real good news in regards to assays from their winter drill programs.

Secondly it also has two parcels of land in Ontario where Zenyatta ZEN is at on it's big graphite find. Everyone knows what ZEN is all about. Thirdly TJ is also a significant shareholder of Terra Firma TFR that would enable TAD to generate cash without any dilution. Given that the markets in metals and mining are in the very lows with little to no interest from investors, unusual trading sometimes brings out news or a renewed interest in the stock. With 53 million shares, TJ has just over a 1 million dollar market cap. We'll have to see how TJ performs next week in the market. Trading at 2 cents, one can buy a real mitt full of shares.

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.

Nickel Mania In Greenland

This week was a big week for North American Nickel NAN and it's 100-per-cent-owned Maniitsoq nickel-copper-cobalt-platinum-group-metal project in southwest Greenland. Not just the Greenland project but also the company. Earlier the company announced that Rick Mark the CEO was stepping down. At first the the stock took a wee bit of a hit but bounced back rather quick. Then later in the week came the next announcement that the drill crews had arrived and the first drill was putting a bit to the ground on the first of many holes planned through out the summer.

This morning however things started to go a bit strange. Not your regular blah blah trading with the ho hum volumes. Today the stock took off like a rocket and blew past it's 52 week high. Shot all the way up to 57 cents before settling back at 53 cents on the day. Volume was over 700,000 which is the highest this year.

It's great to see this happening because this is one of those plays that could very well hit the big times. Some say that this could very well be the next Voisey's Bay or Raglan. For those of you who remember Voisey's Bay back in the early 1990's, it was Diamond Fields that did that discovery and shares went from a few bucks to over 120 bucks in a matter of a year and a half. I am not saying that NAN is going to do the same but the proof is in the pudding. One only has to look at last years drill assays and seeing cores as high as 7% nickel will tell you that this area HAS high grade potential. Greenland being the last frontier and North American Nickel being in on the ground floor could very well spell a lot of Ka Ching for investors this year.

The second drill is suppose to start drilling in the next few weeks so there will be two drills running all summer long. This year's drilling is to define just how huge the deposit really is. Drilling over the past 2 years has pointed to what very well could become another Sudbury Basin or Voisy's Bay, Raglan type deposit. (Added note: I am long NAN stock)

In other news this week, the president of Ecuador says they are going to revamp the mining laws in that country. Not for the worse either but for the better. They plan on cutting out a lot of red tape and make it easier for mining and resource companies to come to Ecuador to do business. This was good news for some of those who explore in Ecuador for sure. Ecuador Gold & Copper EGX did a pop and got some interested new holders in the stock as did INV Metals INV


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.

The Shine Of Nickel

On the 2nd of July, mercury retrograde ends. Now I know that not everyone out there is into astrology and that sort of thing, but there are those who are. In fact a lot of traders will sit on the side lines during this time due to the fact that in a lot of cases, things have been known to go wonky. Myself I always keep it mind and I have noticed that in a lot of cases some of my best call trades during retrograde tuned out to be some of my worst call trades, so I guess there is some truth in the matter around retrograde. Hopefully my one trade that I am down 25% on, will rebound after July 2nd.

I get an email from a cycle theory guy named Bo Polny. He is calling for the gold top in June we just had on the 27th to be the top. Gold should now sink thoughout the summer to maybe close to it's old low last year of around $1150 or so. The guys has been quite acurate in the past so I will give him the benefit of the doubt here. However with the selling off in gold thoughout the summer months, he is calling for a $2000 prise per oz by year end 2014.

So with the gold price possibly heading down this summer and silver most likely doing the same, one has to wonder if there are some bright spots still on the market? Well one of those brighter spots is nickel. Not only the price of nickel but some of the nickel junior stocks. Of course for anyone who has been reading this column for any length of time you will see that I an avid follower of North American Nickel NAN who has drills running at this moment over in Greenland. The first drill started up about 10 days ago and the second drill should be running in about a weeks time. Since the drilling began there has been a lot of excitement and it sure shows in the stock price. The stock has risen about 30% in the past week alone on way above average volumes. Since the December lows the stock is now up 200%. After hitting a new 52 week high of 63 cents on Thursday, the stock took a breather and fell back to 55 cents on Friday.

Another nickel player getting noticed and hitting new highs is Balmoral Resources BAR. The company is working in Quebec right beside the Ontario border. On June 20th they put out news stating: discovery of high-grade nickel-copper-PGE mineralization associated with the previously highlighted (see NR14-09, April 30, 2014) net textured sulphide zone in hole GR-14-25. The net textured zone, one of four mineralized intervals in the hole, returned a near surface intercept of 1.79% nickel, 0.19% copper, 0.42 g/t platinum and 1.04 g/t palladium over 45.28 metres. This high-grade interval is capped by, and includes, 1.11 metres of massive to semi-massive sulphide which returned 10.60% Ni, 0.45% Cu, 2.04 g/t Pt and 5.23 g/t Pd, confirming the potential for very high grade nickel and PGE values within the system.

This news of course has propelled the stock price higher so that it too hit a new 52 week high this week of $1.68. The 52 week low was just 27 cents. So far this year Balmoral has been a 6 bagger stock play riding mostly on this nickel play.

Other nickel explorers would include Noront NOT and it's McFaulds Lake Project located in the highly prospective Ring of Fire, and Royal Nickel RNX which is working on it's Dumont Nickel Project. This project is a mammoth deposit near the town of Amos in the established Abitibi mining camp in Quebec. When in production, it is expected to rank as the fifth-largest nickel sulphide operation in the world by annual production only the mining operations at Norilsk (Russia), Jinchuan (China), Sudbury (Ontario, Canada), Voisey's Bay (Newfoundland and Labrador, Canada) will be larger.

Tuesday is Canada day and then retrograde ends so hopefully everyone will be back into the plus side of the market and with nickel stocks shining, this might very well be the season for nickel. The last time nickle shone was back in the 90's with Voisey's Bay and Diamond Fields who found the deposit saw it's stock run from under $2 bucks to around $120 with in a year and a half. Something to keep in mind.

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.

PC Gold Working In Pickle Crow

One of the biggest problem with a lot of junior miners is that a lot of them have too many projects or too much land holdings scattered all over the place. These days you can read on various corporate websites and see how just many have a whole lot of land and not a lot of money. Having too much land or projects doesn't allow you to focus on one specific project and if even if you focus on one specific project you still have finacial obligations to keep yourself vested in these other properties or projects. Of course this is the nature of junior mining. Someone hits a strike somewhere and everyone rushes over to stake up land. In the mining game, nobody wants to be left out.

Not all juniors are that way though. Some juniors have been working away at the same project for years. Sampling, mapping and drilling. Rinse and repeat. One of these such companies is PC Gold PKL. PC Gold has one project and that project is the Pickle Crow mine in Pickle Lake Ontario. Since taking 100% ownership in 2008, the company has been delivering a lot of great results from this past producing mine. With all exploration submitted it demonstrated the presence in the Pickle Crow mine of a 1.26 million ounce NI 43-101 compliant gold resource* (10,150,000 tonnes averaging 3.9 g/t gold). The higher grade underground component of this initial resource is 1.1 million ounces averaging 5.4 g/t gold, including a high grade vein component of 600,000 ounces averaging 9.3 g/t gold.

All the preliminary exploration is now finished and the company is looking into more technical and advanced work like permitting, dewatering underground exploration and resource definition drilling, now in planning, designed to better define and lift current NI 43-101 Inferred level resources into higher confidence categories, expand known zones, and explore untested areas which cannot easily be accessed from surface.

Looking back to 2008 on a stock chart above shows just where this junior has been. Back in 2010 the stock was almost $2.00. Since then the stock has fallen downward along with others in the sector. The company however has been putting out a lot of news lately. In early May they did a $700,000 PP. Since then there has been a steady stream of news in regards to drill results and those results look very promising. Trading volumes are fair also around the 100,000 per day.

There is an old saying in the field. The best place to find a mine is close to a mine and this junior is in the mine. There are only around 100 million shares O/S. Right now the stock price is 8 cents so in reality looking forward there is nowhere to go but up with this junior. You can view their new June 2014 presentation here. For an 8 cent stock I was quite impressed.

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.

Red Rubies In Greenland

Whenever we think about junior mining stocks we seem to gravitate toward the gold and silver explorers. In my last write up just below I talked abit about Lucara Diamond, as diamond explorers are are not as plentiful as say the gold or silver players. Today however we are going to take a quick look at an even smaller sector or the junior mining market. Rubies. You don't hear about to many ruby miners or explorers out there. Whenever we do hear about gems and rubies we tend to hear mostly about rubies from some small unheard of African country or somewhere in the Amazonian rain forest of Brazil. We very seldom hear about publicly listed juniors who are actually out looking for rubies.

True North Gems TGX however is one of these rare companies. The company was in the news years back when it found an opal deposit in the Yukon. The company now is working over in Greenland where it has discovered what will probably be the first commerical type ruby mine ever. The company's core asset is the 100% owned Aappaluttoq Ruby-Pink Sapphire deposit. The property consists of two prospecting licences consisting of eight claim blocks covering 823 square kilometres. TGX began summer exploration programs in 2004 and has returned every year since. More than 30 ruby occurrences have been found in the Fiskenaesset district so far, with a total of 165 tonnes of material removed for processing over four years. In fact this is the only 43-101 compliant deposit in the world.

Both ruby and pink sapphire (red and pink varieties of the mineral corundum), are found on the property. Individual stones weighing more than 80 grams (400 carats) have been found. Both rubies and pink sapphires are valuable gem materials, and in high quality rubies can be worth more than diamonds. To date, over 65,000 grams of gem and over 129,700 grams of near-gem ruby and pink sapphires have been recovered. Prices of gemstone can vary greatly depending on quality, independent valuations have valued a 0.69 carat ruby from Aappaluttoq at $3,220/carat and a 0.96 carat pink sapphire from Aappaluttoq at $460 per carat.

The company has almost 300 million shares outstanding. The 52 week low is 5 cents and the high is 17 cents. Trading volumes can be light a times.

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.

Palladium Mining

Not too many people ever think about palladium when it comes to the precious metals. Most of course think gold and silver with a small percentge of people thinking platinum. Unfortunately, palladium goes mostly unnoticed. The reason we don't hear very much about palladium is because it is quite rare and there is very few mines in the world that produce palladium. About 45% of the worlds supply comes from Russia followed by South Africa which produces about 36%. The rest which is less than 20% comes from North America.

Palladium is mostly used in the automotive sector. The catalytic converters that are on cars today use palladium to help mitigate pollution and green house gases. Some palladium goes into electronics, dental and jewelry. As an investment, palladium has been one of the best in the metals. While gold and silver are in a slump, palladium is riding high at almost $900 an ounce.

So when it comes to investing, you can look at buying the pysical metal itself or you can look at investing in a palladium miner. Because most mining is done in Russia or South Africa, which both carry a high degree of risk, you need to look closer to home. One such company that is activily mining right now is North American Palladium PDL. North American has been operating its Lac des Iles mine (LDI) located in Ontario, Canada since 1993. LDI is one of only two primary palladium producers in the world, offering investors exposure to the price of palladium.

The companies mine produces about 70-80 thousand ounces of palladium a year. Continued drilling and exploration has increased the life of the mine to 2019 and beyond. At present the company is mining about 3000 tons per day but plans are to increase that amount to around 5000 tons per day by the year end of 2014. The company has good established infrastructure with excess capacity available for production growth: 15,000 tpd mill & 8,000 tpd new shaft. With the price of palladium continuing to rise, the profitablitly per ounce should also increase.

North American Palladium has around 380 million share O/S. The stock trades on the TSX as PDL and also the NYSE as PAL. A 52 week high of $1.18 and a low of 25 cents.

Short update from last week write up. Gold Strike GSR popped up almost 50% Monday to a high of 24 cents on almost 2 million shares. News of a Korean investment firm has set this small Yukon explorer on fire. More news is expected shortly.

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.

Diamonds In Canada's Far North

News came out just last week about the opening of the Tibbitt to Contwoyto winter road. This is the world famous winter road that Ice Road Truckers was first filmed on. Each winter thousands of trucks head up this winter road loaded with everything imagineable that a remote mine would need for the year. A year's worth of fuel, parts, and anything else related to maintaining to keep a full fledged mining operation going. The news article says that 9,500 truck loads of stuff will be trucked this year. DeBeers is also building the new Gahcho Kue diamond mine so there is added traffic this season. This new mine located at Kennady Lake, approximately 280 km northeast of Yellowknife and 80 km southeast of DeBeers Snap Lake Mine in the Northwest Territories. The Gahcho Kue mine is a joint venture between De Beers and Mountain Province Diamonds Inc.

Another company that we are going to look at that is active in diamond exploration in the north is Peregrine Diamonds Ltd. PGD. Peregrine Diamonds has five different project in the NWT and Nunavut. In Nunavut the company is exploring on the 860,000 hectare Chidliak Project on Baffin Island, Nunavut. Chidliak is located 120 km northeast of Iqaluit, capital of Nunavut.

At Chidliak, Peregrine has declared a maiden, independent, Canadian National Instrument NI 43-101 compliant Inferred Mineral Resource of 7.47 million carats in 2.9 million tonnes at a grade of 2.58 carats per tonne in the CH-6 kimberlite, to 250 metres depth. In addition, a tonnage estimate of 2.60 to 3.47 million tonnes, classified as a target for further exploration has been identified, to 380 metres depth at CH-6. Tonnage estimates have also been completed at the CH-7 and CH-44 kimberlites. The CH-7 kimberlite tonnage estimate is between 2.75 and 3.97 million tonnes from surface to a depth of 280 metres. The CH-44 tonnage estimate is between 1.16 and 2.05 million tonnes from surface to a depth of 230 metres. CH-6, CH-7 and CH-44 remain open at depth. Peregrine collected a bulk sample weighing 404.2 dry tonnes from the CH-6 kimberlite in 2013. The grade for the sample was 2.78 carats per tonne for commercial-size diamonds larger than the 0.85 mm sieve size and 2.58 carats per tonne for diamonds larger than the 1.18 mm sieve size.

On its Lac de Gras project in the Northwest Territories, Peregrine has established an independent, NI 43-101 qualified, Indicated Mineral Resource of 18.2 million carats in the DO-27 kimberlite. In addition to the Indicated Mineral Resource, 6.5-8.5 million tonnes of material grading in the range of 0.8-1.0 carats per tonne beneath the Indicated Mineral Resource that represents a target for further exploration has been identified.

Peregrine has a little over 200 million shares. With summer coming around soon and summer work continuing, there could be some exciting news coming from this company.

For the readers that come here often to find out about different juniors, you will otice a different style of chart. We will be using the new style of charts from now on to show the stock price and MACD better.

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 Looking For Gold 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...continue.

Getting Gold In Africa With Caledonia

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...continue.Diamonds In Canada's Far North

News came out just last week about the opening of the Tibbitt to Contwoyto winter road. This is the world famous winter road that Ice Road Truckers was first filmed on. Each winter thousands of trucks head up this winter road loaded with everything imagineable that a remote mine would need for the year. A year's worth of fuel, parts, and anything else related to maintaining to keep a full fledged mining...continue.A Ready To Start Mining Miner With A Penny Stock Price Tag

December is almost over and so is tax loss selling time. In Canada, tax loss selling last day is December 24. A lot of mining companies have been hit real hard which of course is really crappy if you are a long holder. However for those who are in cash and looking to bottom feed, the feeding is plentiful. One company that has been hit particulary hard...continue.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...continue.British Columbia's Golden Triangle

In the northwest corner of British Columbia there is an area known as the Golden Triangle. This triangle covers thousands of square miles. This triangular shaped area is a resource rich area with timber, base metals, precious metals and coal. There has even been drilling by large oil and gas companies...continue.Looking For Lithium With Houston Lake

Today we are going to take a look at a junior miner who is exploring for rare earths in Ontario Cananda. Houston Lake Mining is a specialized mining exploration company actively engaged in the acquisition, exploration and development of...continue.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...continue.Here Is Something Different. Palladium Mining

Not too many people ever think about palladium when it comes to the precious metals. Most of course think gold and silver with a small percentge of people thinking platinum. Unfortunately, palladium goes mostly unnoticed. The reason we don't hear very much about palladium is because it is quite rare and there is very few mines in the world that produce palladium. About 45% of the worlds supply comes from ...continue.Goldstrike Resources Strikes Gold In The Yukon

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 ...continue.Heres Is A Real Canadian Producing Gold Miner

Canada is known around the world as the home of junior mining companies. The TSX stock exchange is home to some of the worlds largest miners and the Venture exchange is home to litterly thousands of small junior exploration publicly traded companies. Although most of these companies are exploring for metals and minerals in almost every country in the world, some have decided to just stay a home right ...continue.Red Rubies In Greenland

Whenever we think about junior mining stocks we seem to gravitate toward the gold and silver explorers. In my last write up just below I talked abit about Lucara Diamond, as diamond explorers are are not as plentiful as say the gold or silver players. Today however we are going to take a quick look at an even smaller sector or the junior mining market. Rubies. You don't hear about to many ruby miners or ...continue.An Appreciating Diamond Stock

Of all the junior mining stocks there are not a lot of diamond miners. Exploring for diamonds was a big deal about 20 years during the Diamet and Diavik days in the NWT. Today you hear and read very little about diamonds. There are however a few diamond stories out there that are well worth noting. One of those diamond stories ...continue.What's Up With The Trading In Levon Resources?

Friday trading saw Levon Resources stock pop 37% on almost 5 million shares trading hands. No news by the company although there was a write up by the Nation Inflation Association about how they felt the stock was undervalued. According to the article, Levon holds a 100% interest in Mexico's second largest undeveloped silver resource ...continue.PC Gold Working In Pickle Crow

One of the biggest problem with a lot of junior miners is that a lot of them have too many projects or too much land holdings scattered all over the place. These days you can read on various corporate websites and see how just many have a whole lot of land and not a lot of money. Having too much land or projects doesn't allow you to focus on one specific project and if even if you focus on one specific project you still ...continue.Nickel Stocks Set To shine

On the 2nd of July, mercury retrograde ends. Now I know that not everyone out there is into astrology and that sort of thing, but there are those who are. In fact a lot of traders will sit on the side lines during this time due to the fact that in a lot of cases, things have been known to go wonky. Myself I always keep ...continue.Check Out This Big Sand Box. Mining Frac 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 ...continue.North American Nickel Drilling In Greenland

This week was a big week for North American Nickel and it's 100-per-cent-owned Maniitsoq nickel-copper-cobalt-platinum-group-metal project in southwest Greenland. Not just the Greenland project but also the company. Earlier the company announced that...continue.My Two Cents For The Week

A quick look at any of the most gainers these days will show a lot of 100% gaines in a day. At first glance you think WOW, then after a second look you notice that the stock that just did a 100% jump is only 1 cent. Another quick look will tell you that there are a whole lot of these 1 cent stocks out there. The next issue though is to find that 1-2 cent...continue.Take A Look At These Yukon Gold Stocks

We are just a few days away from the Dawson Gold Show that is held every year in Dawson City Yukon. The Dawson area of the Yukon has long held the lure of the Klondike not just for independant placer miners but also for a lot of junior companies. Over the years junior mining companies have settled in the Dawson and other Yukon areas to explore for it's...continue.Some Reasons To Watch Out For Nickel

For the past few years, metal prices have been really dismal. The juniors that explore for the metals have been hard hit and the majors who mine the metals have also been under a lot of strain. Just when you think prices have hit bottom and there might be a chance of an upside in a stock, the rug seems to get pulled out and...continue.Some Juniors Are Going To Pot

Back in the late 1990's after the Bre-X scandal, a lot of junior's were finding themselves with super low gold and silver prices and investors kind of turned off with metals. Some of these juniors proceeded to re-invent themselves into the tech and dot com boom that going on at the time. It seemed at the time that getting into whatever investors were chasing was the only way to survive. Today with a stagnant metals market and...continue.Looking For Hot stocks? Uranium Is Hot.

Uranium stocks. That's what is hot and more specific is the stock of the players in the Athabasca Basin. These stocks have been on a real tear and are in the news almost daily. Seems it wasn't that long ago that uranium was a bad word, but now investors can't quite get enough of it. Some players like Fission are seeing trading volumes in the millions on a...continue.A Couple Bottom Feeder Gold Mining Plays

With last years sell off of gold stocks followed by tax loss selling in December, a lot of fair value stocks got smashed to 52 week lows. Some of the more resilient ones have rebounded quite nice. Premier Gold was one that rebounded to see a nice 50% gain. Silver miner Endevour also saw it's...continue.

To read all up to date articles Click Here

For older articles going back into 2014 Click Here

Taking A Second Look A Silver Spruce Resources

In one of my last articles which is posted back on the main page, I talked about Golden Goliath Resources GNG and their silver projects in the Ureuachic mining district in Chihuahua State, Mexico. I choose to talk about this company because I have followed their efforts in exploration over the years and because of the location of their work which is mining friendly Mexico. Today I am going to talk about another silver explorer in the same state of Mexico but this company is going to drill their property starting in Ocotber 2016 where as Golden Goliath has the bulk of their properties optioned out to a major who is doing the exploration and drilling.

Silver Spruce Resources SSE is a junior miner on a mission. This is not the first time I've talked about Silver Spruce either on this website. Back in November, 2015 I did an article also because I was on the hunt for a small under valued silver miner preferably in Mexico and I came across this company. Then just a few months ago I was approached by a marketing team asking if I could write up a small feature about this company and of course I was more than willing because this time the talk and the article wouldn't be so much about the sampling and ground work but there is a drill plan in the works here. In fact drilling is going to get started this month, the month of October, 2016 and I would expect we maybe fortunate enough to see some drill results before the end of the year.

Just to give you are quick recap on this silver play, the project is called the Pino del Plata Project and is located in the Chihuahua State of Mexico and is situated about 15km away from Coeur Mining's Palmerejo Mine and is surrounded by concessions held by Coeur. By the way the Palmarego Mine is the third largest silver mine in Mexico and nineth largest in the world so this small company is in an extremely good position land wise.

In my write up last year I just mentioned some of the grab sample grades and that the company was doing on going exploration. Now over the year of exploration work of sampling and mapping the company has come to the conclusion that there is three target areas that will be drilled. One of those target areas is the Terrero target which is about two hectares in size and had good mineralization in igneous rocks contained good silver grades at surface. After much due diligence on this target area the company calculates that this area represents a potential resource of up to 90 million ounces of silver alone. The company hopes to drill as many as six, 100 meter holes in this area.

The second spot of interest isa 20 hecatare area called the Santa Elena and modeling shows that this target could contain 1.3 million tonnes of mineralized rock with an average grading of 250 g/t (8 opt) Ag which suggests an in-situ resource of up to 10.5 million ounces of silver.

The third area called the the Sierpe and Theodora could contain a resource of 28.5 million ounces of silver. So a combined total for what has been sampled and explored so far gives an estimated potential of around 130 million ounces of silver.

Comparing Golden Goliath to Silver Spruce we see that Golden Goliath has over 100 million shares and has their property optioned out to FresNillo PLC which leaves only some cash for Golden Goliath to maintain their properties. Silver Spruce on the other hand has a very small float of 40 million shares, is fully funded and ready to start drilling any time now which could very well see their stock price rally strong especially if the drill results prove out the sampling and modeling.

The above chart is the stock chart for Coeur Mining. Being only 15 km away could very easily spell success for silver Spruce.

Silver Spruce has 40 million share O/S and a 52 week high of 14 cents and a low of 4 cents.

Personal side note: One of the things like about this company is how they keep shareholders informed. Just go to their website and take a look at the news releases going back over the years and you can see that while the company is at work, the management is keeping everyone informed.

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.

From Explorer To Miner In Burkino Faso

Today we're going to take a look at a junior mining company that is not only exploring for gold but it is actually mining gold also. You will want to pay close attention because there is also a two fold reason why I'm doing this write up. You see this one company also has information about what could very well happen to another company that we are featuring. The company we'll be looking at today is Roxgold ROG and the country, Burkino Faso that they are working in and at the end of the article we will be able to see how their success could very well relate to the success of another company that is just getting started right close by.

Roxgold is a gold mining company with its key asset, the high grade Yaramoko Gold Mine, located in the Hounde greenstone region of Burkina Faso, West Africa. The Company has been active in Burkino Faso on this property since 2010 and it had expected to reach commercial production in Q3 2016. In May of this year 2016 the company had it's first gold pour. So far this year there has been a total of 14,482 ounces of gold production.

Riverstone Resources started exploration work on the Yaramoko property in 2005 before Roxgold became involved in late 2010. Since that time the exploration programs have comprised of soil and rock sampling along with airborne and ground geophysics and various types of drilling including core drilling. During the summer of 2013, Roxgold commissioned SRK Consulting to lead a team of consultants to prepare a feasibility study. The objective was to demonstrate the economic viability of a proposed underground mine and onsite concentrator targeting the indicated mineral resources contained in the 55 Zone. This area or zone is the main area of interest and Roxgold is currently advancing this significant high-grade gold discovery which was fully permitted for construction in January 2015. The Company released the results of a positive Feasibility Study on April 22, 2014 and it was at that time that the company calculated on a life of mine of seven years and producing around 100,000 ounce of of gold per year.


At another area of the property called Bagassi South, Roxgold is continuing to evaluate the QV1 target which has returned high grade results in successive drill campaigns including results up for 41.4 g/t over 4.4 metres. The high grade nature of the initial results are very encouraging and will be followed up on in the current regional drill program as Roxgold continues to define and delineate more gold within this area.

So all of this information so far brings us to the the two fold part of this article. The second part has to do with not only the article I did on Burkino Faso but also has to do with Nexus Gold which at this time is our featured miner. You see Nexus Gold is also working in Burkino Faso and will be drilling possibly as soon as September 2016. The area they are drilling on is actually what was some of the property that Roxgold had and infact the lead geologist that is going to be in charge of this project for Nexus Gold is one of the very same geologists that was working with Roxgold a few years when the NI 43-101 in 2014 was done.

By going by the timelines of work that Roxgold did, this could very well be an example timeline of how a work program with Nexus Gold could be. Having a lead geolgist with expertise and already familiar with the geology of the area, the timeline and costs could be even less as a lot of the guess work is taken out of the equation now.

The above article is one example of how following and reading history in the junior mining sector can help you spot potential winners. At this present time Roxgold has a market cap of $600 mil and Nexus Gold has a market cap of just $3 mill.

If you enjoyed this article, please feel free to share. When seeking out mining stocks 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.

Visible Gold Mines Exploring Quebec

When it comes to exploring or mining in Canada, the province of Quebec is known as being probably the most mining friendly of them all. It's a province that has a wide variety of resources and seem to be do well exploring and developing them. Some of the largest mining companies in the world have worked in Quebec and with gold prices going back up alond with the new interest in lithium, Quebec seems to be the place to explore.

Today we're going to take a look at a junior that is taking advantage of the mining friendly place. The company is called Visible Gold Mines VGD and they have several projects on the go. At the time of this writing they have just released some results from a winter drill program. This project was focused on the 167 property which is comprised of 1156 mining claims covering 611 Sq/km. It is located approximately 320 kilometres north of Chibougamau city in the James Bay region inan area called Plan Nord. The Plan Nord project was launched to develop Quebec's north, including the construction of a 243 kilometre-long all season road that links Stornoway's Renard Diamond project to the provincial highway network. Visible Gold Mines decided to aquire the available mining rights along the new road in order to have access to new outcrops and strippings generated by the road construction. Visible Gold Mines kept adding claims since and so the project 167 was born. The Project 167 is 100% owned by Visible Gold Mines, with the exception of 80 mining claims comprising the North Block, in which Visible Gold Mines currently has a 90% interest. The Project 167 covers approximately 67,074 hectares or 670 km2.

The company also has a property called the Green Giant. The Green Giant property is made up of of 74 mining claims covering 35.89 Sq/km. It is located in the Abitibi region of northwestern Quebec, approximately 70 kilometres north of Amos, a town of about 13,000 inhabitants, and only 8 kilometres south of the former Sleeping Giant mine owned by North American Palladium.

Another interesting property is the Hazeur property. This property has 84 mining claims covering 27.4 Sq/km. This property was acquired for its potential in base metals and gold, as well as its strategic position and relation to the deposit of Joe Mann and Philibert. Recently, Tomagold and its partner Quinto Real Capital Corp have hit 6 high-grade gold intersections including 42g/t Au over 7.20 meters

Another property called the Lucky Break/ Cadillac is 7,423 hectares in size. Most of that ground covers the Lucky Break Project which includes the promising Wasa Creek and Wasa East Properties in the immediate vicinity of Richmont Mines' growing Wasamac deposit. Some very interesttin grades were found from drilling in this area.

LBWC-11-03 From (m) To (m) Length (m) Grade (g/t Au)

27.00 28.00 1.00 16.37

39.00 40.50 1.50 1.24 334.50 336.00 1.50 19.73 541.60 558.00 16.40 0.92

including 541.60 550.50 8.90 1.31

586.50 590.00 3.50 2.76

643.50 645.00 1.50 1.08

Another grouping of claims the company has called the Stadacona-East Gold Property consists of 78 mining claims. Two past producers, the famous Horne Mine (nearly 10 million ounces of gold and 2.5 billion pounds of copper) and the Stadacona Gold Mine (approximately 466,000 ounces of gold) are situated one kilometre north and 400 metres west, respectively, from the northern and western boundaries of Stadacona-East. A National Instrument 43-101 inferred resource for Stadacona-East of 163,800 ounces (980,000 tonnes grading 5.19 g/t Au at a cut-off of 2.5 g/t Au) was announced.

The company also owns 100% ownership of the 13-claim Silidor Property that it aquired from Newmont Mining and IAMGOLD Corporation. Discovered in late 1985, the former Silidor Mine was officially opened in September, 1990, by owners Noranda, Cambior, and Nova-Cogesco Resources. It entered production with reported reserves (pre-NI-43-101) of 4.78 million tonnes grading 5.4 g/t Au.

There is about 115 million shares O/S at the present time. With a good working capital this should be a good little junior to watch over the summer months as more prospecting is planned. The company has a chart on their website that shows you the work in progress along with the cost involved.

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.

Nevada Exploration - A Unique Approach To Exploring For Gold

This is the fourth junior mining company I've looked at here that is working on developing and exploring mining properties in Nevada. I did write ups on another three juniors that are in the gold exploration business in Nevada that have interesting projects on the go in that state. One of the reasons why I'm researching projects in Nevada is that I am trying to focus on mining friendly areas for present or future investments. Investing in mining friendly territories to me is number one. Aside from management expertise, cash on hand, the location is key. It doesn't matter if you have the richest deposit in the world, if the government or citizens of that country want it, they'll usually get it. And you are out your investment. Or maybe there are just rules and regulations that are too strick or review process's that take forever to complete.

The company today is kind of interesting because of what they say they do and how they go about prospecting for gold. Nevada Exploration (NGE.V) is the company in question here. On the website they state:
A Different Approach to Discovery
Whereas much of the industry is focused on optioning, joint venturing, and re-examining the same properties that have been around for decades, we are focused on advancing the previously unexplored targets identified by our Groundwater Chemistry Exploration Program.

So what is Groundwater Chemistry anyways? Well after reading their website where there is quite a bit of information, I will try to break it down here in a more condensed form. Hopefully I get it right.
When you start to look for minerals you always keep an eye out for rock outcrops and solid rock areas. These rock formations are an easy place to grab samples and look for things like quartz veins, etc. But once those rock formation get covered by over burden or fill you can no longer see the rock. It's undergound and you need to drill. Drilling is expensive and a drill hole only gives you a small core sample of what is below. It doesn't tell you how big the area of interest is until you drill even more holes and plot them all out.

From their website now: Nevada's valleys are not only filled with alluvium, they are also saturated with groundwater. In contrast to alluvium, groundwater does interact directly with bedrock and its chemistry does relate directly to the bedrock it has encountered. Water is known as the "Universal Solvent". As groundwater flows and interacts with bedrock, groundwater gradually dissolves bedrock and assumes chemistry representative of it. When groundwater flows near a gold deposit, it retains a unique chemical 'memory' or 'scent' of the encounter; specifically, groundwater that has encountered gold mineralization contains elevated concentrations of gold and other associated trace-elements. Once identified, distinctive groundwater chemistry can be followed back up stream to its bedrock source through careful sampand analysis

.

Because groundwater moves, its chemistry can provide information about a much larger area than any other type of geologic sampling medium. Moreover, because of the mixing and dilution that occurs with groundwater, a distinctive groundwater chemistry plume loses its concentration away from its source. As a result, Groundwater chemistry can not only provide a larger, easier to find, target than conventional exploration techniques, but with multiple samples, groundwater chemistry can also provide a vector that points back towards its source.

In 2004, NGE began groundwater chemistry exploration across Nevada to identify new exploration targets. Because there were no established procedures for collecting and analyzing groundwater samples for mineral exploration, NGE developed new sampling procedures and custom software. NGE has now collected more than 3,000 samples from springs, wells, windmills, and other available sources of groundwater.https://www.youtube.com/embed/EzLvMCrNj3U?rel=0

To orient the results of the survey, and most importantly the gold values, NGE has collected new groundwater samples at 31 known gold deposits. The average gold in groundwater concentration at the 31 deposits is three orders of magnitude (~1,000 times) greater than the observed median value of the reconnaissance samples, and the gold in groundwater concentrations at 27 of the 31 deposits fall within the top 10% (90th percentile) of all observed values. Once again, the data prove that Nevada's gold deposits are surrounded by recognizable and measurable groundwater chemistry signatures. With this data, NGE has improved its proprietary groundwater chemistry models and fine-tuned its exploration thresholds for gold and other elements.

As far as properties go, the company has five different property blocks in various stages of exploration. Let's go take a look at some of these claims now.

NGE has five different land holdings of claim blocks and properties. These are the Grass Valley, South Grass valley, Kelly Creek, Hot Pot and Awakening. All of these properties are in various stages of exploration.

The Grass Valley property was a property that was identified in 2012. This property is located in the Cortez Trend which is about 10 miles south of Barrick Gold's Pipeline property. That property is one of the riches low cost gold properties in the world. At present McEwan Mining is doing exploration on this property through an agreement in place. So far with all the data that has been compiled it is looking like this property is going to represent a compelling new gold exploration target with significant upside.

The Grass Valley South project is about 15 miles south of the Grass Valley project. This property also is presently being advanced by McEwen Mining Inc. under an exploration partnership. NGE has compiled data on geochemistry through out this area and is at present looking for someone to partner a joint venture with much like McEwan Mining on the northern portion.

Kelly Creek is a property that is located northwest of Battle Mountain in Humboldt County. Using their Groundwater Chemistry the company believes the results indicate a strong potential for covered gold mineralization beneath the Kelly Creek Project area. This property has seen a lot of work done by the company including a large scale reconnaissance groundwater sampling program that has collected 97 samples and analyzing each for gold and 80 other trace elements.

The Hot Pot property is located not far from Kelly Creek. This property is very close to some of the large miners. It is a few miles east of Newmont's Lone Tree mine (+5,000,000 oz Au), and 6 miles from Goldcorp's Marigold mine (+4,000,000 oz Au). This property also shows a lot of promise and since 2005 the company has completed a lot of work including the drilling of 9 Vertical Reverse Circulation drill holes, 200 Groundwater Chemistry samples, 1,211 Samples along 11 survey lines, Two 4 Kilometre seismic lines and obtained gravity readings at 522 stations on a 200 meter grid for a total of 20 km2 of new gravity data. Then is 2008 the compay drilled another ten, RC drill holes ranging in depth from 50m (165ft) to 175m (575ft), for a total of 1,086m (3,565ft).

The last property is the Awakening property. This property is only 3 miles north of the Sleeper Gold Mine. The company has so far collected 85 Groundwater Chemistry samples and has done 600 Gravity Stations. In 2008 NGE acquired a 900 line miles of detailed airborne magnetic data. These results showed a pronounced geologic fabric suggesting varied rock types, covered fault zones, and possible alteration.

Well the gives you a brief over view of not only what NGE has for properties but also how they are going about adding value by discovery using Groundwater Chemistry to find more gold in Nevada.

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 Different Approach To Exploring For Gold. Pt. 2

This is a continuation of Nevada Explration NGE. In the first part we looked at the company's theory of using Groundwater Chemistry to located gold deposits. In this part we'll take a quick look at NEG's properties and mining claims and also look at the progress of work on these properties. NGE has five different land holdings of claim blocks and properties. These are the Grass Valley, South Grass valley, Kelly Creek, Hot Pot and Awakening. All of these properties are in various stages of exploration.

The Grass Valley property was a property that was identified in 2012. This property is located in the Cortez Trend which is about 10 miles south of Barrick Gold's Pipeline property. That property is one of the riches low cost gold properties in the world. At present McEwan Mining is doing exploration on this property through an agreement in place. So far with all the data that has been compiled it is looking like this property is going to represent a compelling new gold exploration target with significant upside.

The Grass Valley South project is about 15 miles south of the Grass Valley project. This property also is presently being advanced by McEwen Mining Inc. under an exploration partnership. NGE has compiled data on geochemistry through out this area and is at present looking for someone to partner a joint venture with much like McEwan Mining on the northern portion.

Kelly Creek is a property that is located northwest of Battle Mountain in Humboldt County. Using their Groundwater Chemistry the company believes the results indicate a strong potential for covered gold mineralization beneath the Kelly Creek Project area. This property has seen a lot of work done by the company including a large scale reconnaissance groundwater sampling program that has collected 97 samples and analyzing each for gold and 80 other trace elements.

The Hot Pot property is located not far from Kelly Creek. This property is very close to some of the large miners. It is a few miles east of Newmont's Lone Tree mine (+5,000,000 oz Au), and 6 miles from Goldcorp's Marigold mine (+4,000,000 oz Au). This property also shows a lot of promise and since 2005 the company has completed a lot of work including the drilling of 9 Vertical Reverse Circulation drill holes, 200 Groundwater Chemistry samples, 1,211 Samples along 11 survey lines, Two 4 Kilometre seismic lines and obtained gravity readings at 522 stations on a 200 meter grid for a total of 20 km2 of new gravity data. Then is 2008 the compay drilled another ten, RC drill holes ranging in depth from 50m (165ft) to 175m (575ft), for a total of 1,086m (3,565ft).

The last property is the Awakening property. This property is only 3 miles north of the Sleeper Gold Mine. The company has so far collected 85 Groundwater Chemistry samples and has done 600 Gravity Stations. In 2008 NGE acquired a 900 line miles of detailed airborne magnetic data. These results showed a pronounced geologic fabric suggesting varied rock types, covered fault zones, and possible alteration.

Well the gives you a brief over view of not only what NGE has for properties but also how they are going about adding value by discovery using Groundwater Chemistry to find more gold in Nevada.

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.

Rye Patch Gold In Nevada

I get this mining stock news letter that comes out every month or so. It's one of those letters you scan over quick to see if there is anything new highlighted. Like a lot of news letters it had it's series of stock picks and the story that goes with it. Most of the stocks on the letter were of no interest to me but once in awhile there would something of interest and I would take a quick peek at a stock chart to see how it's performance had been, the amount of shares etc. and if it seemed interesting I would do a follow up as a possible stock for an investment or maybe just a flip.

One of those stocks was Rye Patch Gold RPM. I never really paid much interest into the stock over time as I was always watching some other kind of play going on. Other than it was working on a project in Nevada, I never really paid much attention to it. However as of late with an interest in Nevada I thought I would take another look and actually see what these guys are doing. Once I got to their website I was actually surprised to see just the amount of work this company has done on it's properties. I had always assumed for some reason that the company was small and just had maybe one drill running. Turns out they have a lot more on the go than I thought.

The company is working on defining deposits in two separate trends. The Oreana Trend and the Cortez Trend. The Oreana Trend is roughly 11,000 hectares (27,200 acres) and Rye Patch is exploring four properties on the Oreana Trend, where more than 10M ounces of gold equivalent have been discovered since 2009. The Oreana trend includes three active mines and three advanced-stage exploration properties. Rye Patch has six different project claims within this trend. The Wilco claims Project represents a key asset in the Rye Patch portfolio. The property's bulk-tonnage resources are near surface and open for expansion. Exploration is currently focused on two areas of resources: Colado and Section Line. Both represent epithermal, low-sulfidation type deposits.

The Lincoln Hill project represents an outstanding bulk-tonnage deposit with additional high-grade underground and surface targets. Rye Patch acquired the Lincoln Hill claims in 2007 based on the geological setting and strategic location near recent gold discoveries at the company's Wilco Project, located approximately ten kilometres to the west. Exploration and development by Rye Patch since 2008, including extensive drilling, technical work, metallurgical evaluations and a Preliminary Economic Assessment (PEA), have produced positive results and produced a Measured & Indicated (M&I) NI 43-101 gold/silver resource.

In the Cortez Trend, Rye Patch is exploring two properties covering 65 sq km on the Cortez Trend (a segment of the Battle Mountain/Eureka Trend). Rye Patch ground lies immediately south of Barrick's massive land holdings that include the Pipeline and Cortez Hills mines and newly-discovered Red Hill and Goldrush deposits. One of the world's most prolific gold belts, the Cortez Trend has generated more than 40M ounces of gold discovered and mined since 1991.

Within the Cortez Trend there are two different claim blocks being explored. The Garden Gate Pass is surrounded by major gold deposits including Barrick's Cortez Hills Mine located 12 kilometres to the north-northwest and their nearby Goldrush discovery located to the north . Goldrush is the only 10-million-plus ounce green-field discovery by a major gold producer in the past five years1, and it demonstrates the immense potential of the district. Barrick's drilling along the north-south, 11.3-kilometre trend has connected the Red Hill and Goldrush discoveries and indicates the gold zone is open in multiple directions including toward the Garden Gate Pass project.

The other claim area called the Patty Project is a percentage property. The Patty Project is a joint venture between Barrick Gold, McEwen Mining, Chapleau Resources, Magellan Minerals Ltd, and Rye Patch Gold US Inc.

Rye patch has approx. 140 million share O/S. A 52 week high of 20 cents and a low of 11 cents. At the time of this writing the stock was just off it's high at 18 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.

A Gold Explorer In Mining Friendly Nevada. Pilot Gold

I wrote an article a while back talking about investing in mining friendly jursidictions and why as an investor you need to be aware of the less friendly places. Basically the gist of the article was that looking to invest in companies that have projects in "mining friendly" places is a good place to start. Mining is high risk and the last thing investors need is government policies that are skewed against the mining company. This is one of the reason why I like to look at companies that are working in either Canada or the USA. When looking at places in the USA I favor places like Nevada and Alaska. In both these states the resource industry plays a big part of the economy and rules and regulations are sometimes easier to handle.

The other reason why I like Nevada is that it has a long history of mining and you can't forget the world famous Carlin Trend. Just like trading stocks when you hear the saying, "the trend is your friend" the same is true with the Carlin Trend of Nevada. There are several companies exploring and developing mines in Nevada. I did an article on Gold Standard Ventures back in January of 2016. Today we will take look another junior that is active in Nevada. Pilot Gold PLG is a junior that has an active project in Elko county called the Kinsley Mountain. Kinsley Mountain is a Carlin-style, sediment-hosted gold property located south of Newmont Mining's Long Canyon deposit.

The Kinsley Mountain is a past producer mine. Gold mineralization was discovered on Kinsley Mountain in 1984. Alta Gold Company purchased the property in 1994 and started open-pit mining in 1995, producing about 135,000 to 138,000 ounces of gold at grades of 1.4 g/t through 1999 from a series of six small pits aligned in a NW-SE direction. The mine closed when Alta Gold declared bankruptcy during a period of very low gold prices. Building on past data and new exploration today, Pilot Gold has identified some very interesting new targets. Drill results from an area approximately 150 metres northeast of the high-grade Western Flank intercepted high-grade gold in two key stratigraphic horizons, indicating the presence of a new mineralized zone that remains open to the east and wes

There is some very high grade potential on the project. The company recently completed an independent resource estimate that defines a significant high-grade zone at the Western Flank, along with near-surface oxide ounces. Mineralization hosted in the Secret Canyon Shale in the Western Flank zone includes 284,000 Indicated ounces at an average grade of 6.04 g/t gold. At a 3 g/t cut-off grade, most of the resource remains, delineating 248,000 Indicated ounces at an average grade of 9.15 g/t gold. Some highlights include:

The company's exploration strategy is focused on identifying additional areas of high-grade mineralization in the Secret Canyon Shale horizon, especially targeting the Kinsley North claims which have never before been drilled. Drilling at the Secret Spot target, located two kilometres to the south of the Western Flank target, resulted in the discovery of a thick zone of gold mineralization in the Secret Canyon shale, which is the same host for high-grade mineralization in the Western Flank. The existence of gold mineralization in the same unit two kilometres from the Western Flank suggests that mineralization could be wide-spread in this unit; follow up drilling is planned to test the extent of gold mineralization in this area.

The company also has a project in Utah called the Goldstrike and a project in Turkey. Goldstrike is host to a past-producing mine with an extensive exploration database, a large number of shallow drill holes with unmined oxide gold intercepts, and numerous untested gold targets. Goldstrike was an oxide, heap leach mine from 1988 to 1994. It produced around 209,000 ounces of gold and about 197,000 ounces silver from 8 million tonnes of ore at an average recovered grade of 1.2 g/t gold from 12 shallow pits. It closed due to low gold prices.

Just this past week Pilot Gold issued a news release about a new appointment of CEO along with $4.45-million PP. The company has around 110 million shares O/S and the PP will account for an aditional 17 million. Shares prices have seen a 22 cent low and $1.10 high for the past 52 weeks. In 2011 the stock prices was as high as $3.50.

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.

20 Cents. Shovel Ready In The Yukon. Victoria Gold


It's February 2016 and gold prices seem to be making a turn around. In fact the price of gold is up well over $100 per ounce since the start of the new year. This rise in price brings on gold fever to not only the gold bugs but it also brings a lift to those who are looking for something to invest in. After all mining stocks have always been the "get rich" plays as gold bring seems to bring out the getting rich more than anything else.

In North America tales of getting rich on gold go way back to the California gold rush and the Klondike gold rush. It's here in the Yukon that we are going to take a look at a shovel ready project. Victoria Gold Corp. VIT owns the Dublin Gulch Project which is the most advanced project in the region and is on track to be the largest gold mine in Yukon history. The project known as the Eagle Gold Project is situated in part of the Tintina gold belt and is hosted within the mineral rich Selwyn Basin. The property hosts the 6.3 M oz Eagle gold deposit (Indicated and Inferred), the Wolf tungsten deposit and a 13 km-long belt of Au and Ag mineralization known as the Potato Hills Trend (PHT)

Exploration and placer mining began on the Dublin Gulch property in 1895 with the first gold production reported in 1898. In 1904, tungsten was identified in placer concentrates. The Geological Survey of Canada (GSC) discovered in situ scheelite in Dublin Gulch in 1916. Subsequent exploration led to the discovery of lode gold deposits at the Eagle Gold Project.

The proposed Eagle gold mine will produce dore from a conventional open pit operation with a three-stage crushing plant, in-valley heap leach and carbon-in-leach adsorption-desorption gold recovery plant. There is no shortage of gol bearing material for this project either. After 57,000 m of drilling the company has resources of 4.8 M indicated oz Au (including Reserves). This comes from 222 M tonnes @ 0.68 g/t and 1.5 M inferred oz Au from 78 M tonnes @ 0.60 g/t.

The Eagle Gold Project has received all major permits for construction and operations, completed the Environmental Assessment process and has a signed Comprehensive Cooperation and Benefits Agreement with the local First Nations. Once the mine is in operation they calculate that an estimated 212,000 oz gold production per year with an all in operating cost of $730 per oz. The mine will be an open pit mine and will operate as a drill, blast, shovel and haul operation with a nominal rate of 29,500 tpd ore and mine life of 9 years. Total ore to be mined and processed is 91.6 million tonnes grading 0.78 g/t for a total contained 2.3 million ounces gold. Grades are significantly higher in the initial 3 years and include 21.6 million tonnes of ore grading 0.94 g/t, significantly accelerating cash flows in the first few years of operations.

Even though the company at present has ample ground to work for the next decade, they are looking for other targets of interest. One of those targets is the Olive target which is located 2.5 km from Victoria's Eagle gold deposit and is the site of several historically exploited high-grade sulfide veins. This area has been mined on a small scale from shallow shafts and adits at the turn of the last century and placer mining in creeks draining the area indicate gold-bearing host rocks. In 1991 a200 meter trench excavated and sampled and exposed a zone of quartz and quartz-arsenopyrite veins hosted in the Dublin Gulch granodiorite that averaged 1.2 g/t Au over 97.6 meters. Diamond drill holes collared in the trench intersected 89.9m grading 1.08 g/t Au and drilling by Victoria Gold Corp in 2010 verified the gold mineralization.

As far as stock of the company, Sun Valley Gold and Kinross are majority shareholders with >15% interests in the Company. The company has 360 million shares O/S and as of November 2015 the company around 13 million cash. The stock has seen an 11 cent low and a 20 cent high for the past 52 weeks.

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 Mining Junior Looking For Lithium

If you are like me and getting really fed up and disgruntled about the junior mining sector, your not alone. It seems almost every junior is either running out of money, their stock prices are in the toilet, investors just don't want to hear the word junior anymore and you've lost a whack of money in the market. Well that's what happening over in the metals side of things. Uranium stocks and diamond stocks are doing quite well and there seems to be some interest in them. Another sector that is getting some eyes is the the rare earths that are used in technology. One of those rare earths is lithium and today we are going to take a quick look at a company that is into the lithium scene.

Economic concentrations of lithium are found in brines, minerals and clays in various parts of the world. Brines and high-grade lithium ores are the present source for all commercial lithium production. The largest known deposits of lithium are in Bolivia and Chile. Lithium brines are found in saline desert basins sometimes known as salt lakes or salt flats. It is also found in hard rock minerals, such as spodumene in pegmatites. The lithium company we are going to look at is finding their lithium in significant concentrations in the mineral hectorite, a trioctahedral smectite. The company that is working on this deposit is Western Lithium WLC and their deposit is in the Humbolt County Nevada and their project is called the Kings Valley. Because of the large-scale mining in the Winnemucca area, local resources offer much of the infrastructure and support required by mining. The area is about 30 km north of the now depleted Sleeper gold mine and 100 km northwest of Twin Creeks, Turquoise Ridge, and Getchell gold mines. Several other gold and copper mines operate in the regional area providing an experienced work force and adequate support for mining operations.

Kings Valley has about 11 million tonnes lithium carbonate equivalent (1) (historical estimate based on exploration work by Chevron Resources during the 1970s and 1980s). The project is spread over five mineralized lenses (Stages I to V) that extend approximately 30 kilometers from the southern to the northern edges. As far as a develpoment plan the company would see their stage I reserve base supports annual production of 26,000 tonnes lithium carbonate, 90,000 tonnes of potassium sulfate and 100,000 tones of sodium sulfate. Once full lithium carbonate production of 26,000 tonnes per year is achieved, average annual cash flow is projected to be $124 million per year. Nominal production of by-product potassium sulfate and sodium sulfate of 90,000 and 100,000 tonnes per year, respectivelyA 20 year mine life, processing 25.5 million tonnes of ore at an average grade of 0.40% lithium using a 0.320% cut-off grade.

The company has a NI 43-101 that was completed on May 09, 2014. This report is an update to the Western Lithium Kings Valley property. It addresses the Stage I and Stage II deposits as well as provides additional updates to the Project. The report on the Stage I deposit includes a Preliminary Feasibility Study (PFS) identifying the progression of WLC's exploration of the property along with advancements in the metallurgical process. The report on the Stage II deposit includes a mineral resource estimates for lithium (Li), along with potassium (K), fluorine (f), and sodium (Na).

The company has 120 million shares out and by looking at the chart is one of the few mining stocks that is seeing some postive action. There has also been a lot of new releases lately so the stock is seeing some good action. If your tired of the base and precious metals, lithium just might be something to look at.

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 Junior Exploring For Gold In Quebec

The province of Quebec has a long history of mining and exploration. Some of the biggest names in mining either got a start in Quebec or at least had some involvement within the province. The city of Val-d'Or got it's start when gold was discovered in the area in 1923. In fact the name of the town is French for "Valley of Gold." The ore is usually found in volcanic rocks that were deposited on the sea floor over 2.7 billion years ago. They are referred to as volcanic-hosted massive sulphide deposits or VMS.

Travel north of Val-d'Or and you get to the Matagami area. It's still further north into the James Bay lowlands where you will find gold exploration happening and you will also find Sirios Resources SOI at work on their claims. Sirios Resources Inc. goal is to discover world-class gold deposits in the James Bay region of Quebec in eastern Canada. Sirios' efforts have led to the discovery of numerous gold and silver showings, some at very high grades, as well as occurences of other metals. Sirios owns several high potential projects such as Cheechoo, Aquilon and Pontax. The company's flagship project is the Cheechoo gold project which comprises 145 claims covering approximately 75 km2 adjacent to the property of the Eleonore gold mine of Goldcorp.

The Cheechoo gold property consists of 145 claims covering 75 km2 in two adjacent blocks to the gold mine Eleonore owned by Goldcorp. The discovery began in 2010 with prospecting that generated numerous rock grab samples grading from 0.1 to 2.6 g/t Au. The property was drilled for the first time in 2012. The ensuing drilling programs have lead to the delineation of a large low grade (between 0.3g/t and 0.8g/t) gold mineralized envelope which extends now for more than a kilometer in strike length by 300 to 450 meters wide and down to more than 340 meters of vertical depth. Some of the results to date are:

At present Sirios owns 45% of the property, while Golden Valley Mines Ltd holds 55%. In June 2012, Sirios signed an agreement with Golden Valley that allowed Sirios to increase its initial interest from 40% to 100%.

The company also owns a 100% property called the Kukames gold property which totals 242 claims covering approximately 130 sq km. This property is located approximately 25 km southeast of the Eleonore gold deposit owned by Goldcorp. Gold showings showed grades such as 2.44 g/t Au; 1.65 g/t Ag.

The company also has a group of claims called the Pontax property. It consists of 497 claims covering close to 250 sq km. The project's purpose is to test the potential for diamond and metals in a previously unexplored region. In 2006, Sirios discovered a silver-zinc mineralized zone that assayed several kilograms of silver per tonne at some places. Drilling and channel sampling results include: Channel sampling and drilling results include:

The company has about 67 million shares O/S and had approx. $790,000 working capital as of Sept. 2015. Trading range for the 52 weeks is 7 cent low and 13 cent high. One of the reasons why I am looking at this stock is because it was one of John Kaisers bottome fish picks for 2016. You can see the video on this page.

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.

linkedin facebook pinterest youtube rss twitter instagram facebook-blank rss-blank linkedin-blank pinterest youtube twitter instagram