Tue, 22 Sep 2020

Junior Explorer Reaches Critical Exploration Stage

Source: Peter Epstein for Streetwise Reports   09/22/2020 Peter Epstein of Epstein Research examines the latest news from X-Terra Resources, including two imminent drill programs he believes "could be game-changers." X-Terra Resources Inc. (XTT:TSX.V; XTRRF:OTCMKTS; XTR:FSE) has been flying under the radar, but critical events culminating in two imminent drill programs are coming to fruition. Add to that the fact that the current gold price is like rocket fuel. A strong gold property or project at $1,261/ounce (average price from 2014–2019) is spectacular at $1,916/ounce (oz). Companies that were able to assemble and keep gold assets between 2014—2019 are in good shape now. Management teams skillful enough to have meaningfully advanced projects have seen their share prices soar—Canadian companies like Great Bear Resources Ltd. (GBR:TSX.V; GTBDF:OTCQX), Kirkland Lake Gold Inc. (KL:TSX; KL:NYSE), Skeena Resources Ltd (SKE:TSX.V) and Victoria Gold Corp. (VGCX:TSX;...
Tue, 22 Sep 2020

Dollar Rallies, Gold Corrects Then Resumes Climb

Source: Peter Krauth for Streetwise Reports   09/22/2020 Peter Krauth discusses what he believes is ahead for the dollar and gold.After taking it on the chin for the last six months, the U.S. dollar now looks set to rally. Gold is being dented, having recently traded back below $1,900. Meanwhile, the dollar is already up nearly 1.5% since the start of September. That's a big deal for the world's reserve currency. But if you consider what's happened to the dollar since March, this could be the start of something bigger. In my recent articles, I've been telling you to watch for a relief rally in the dollar over the near term. I also said that could weigh on gold, generating some temporary weakness, which would create an excellent opportunity to buy. Well, it looks like we're entering that period now, suggesting it will soon be time to put cash to work in the gold space. Dollar Looks to Break Out This recent 1.5% gain for the dollar has been a stealth rally so...
Sun, 20 Sep 2020

Defiance Silver Ready for Higher Prices

Source: Bob Moriarty for Streetwise Reports   09/20/2020 Bob Moriarty profiles the silver-copper explorer and discusses the project he describes as a "hidden gem." I wrote about Defiance Silver Corp. (DEF:TSX.V; DNCVF:OTCBB) (DEF-V, DNCVF-OTCBB) back in July. Their shares were $0.35 back then and have almost doubled since. Investors it seems to me are way too bullish. While I would like to see a deeper correction in gold and silver, Defiance is prepared for higher prices. I think they are as perfectly positioned as any company in the space. Because of leverage. Many years ago Rob McEwen ran Goldcorp. When he went to gold shows, he always pointed out that Goldcorp had the lowest cost of production of gold in the industry. I think he used the figure of $85 an ounce when gold was in the $260–$300 range. So he was saying Goldcorp could produce at $85 an ounce so no matter how low gold went, they would be the last company standing. At the time some of the top investors...
Mon, 21 Sep 2020

Finding High-Grade Gold Practically in the Shadow of Vancouver

Source: Streetwise Reports   09/21/2020 Westhaven Gold is now drilling below where high-grade surface samples were found and expects assays shortly.The old adage says the best place to find a mine is besides a mine, but Westhaven Gold Corp. (WHN:TSX.V) is finding gold driving distance from Vancouver. Could it be that no one thought there could be gold so close to home? The company's Shovelnose project is a mere two and a half hour drive from Vancouver. "You could go up there, spend the day, and even go as far as our Prospect Valley Gold Property, and be back home at nighttime," Westhaven President and CEO Gareth Thomas told Streetwise Reports. "A lot of people can't believe that we are unearthing high-grade gold that close to Vancouver that had never been discovered before," Thomas said. "Location is key, and our properties are just off a major highway and all are road accessible; we have a unique advantage." Ed Balon, who serves as a technical advisor to Westhaven,...
Thu, 17 Sep 2020

Drill in October, 1st Assays by November: FenixOro Gold, Full Steam Ahead!

Source: Peter Epstein for Streetwise Reports   09/17/2020 Peter Epstein of Epstein Research delves into this company's exploration plans in Colombia.Five weeks ago, gold hit an all-time high of US$2,073/oz. Since then, it's down 6.2% to US$1,944/oz. (still above 2011's record level). Yet, based on the share price declines in some well-known juniors, one would think gold was down 2–3 times as much. Apollo Gold is down 52% from its recent high, Evergold Corp. is down 51%, Freegold Ventures down 45%, Vizsla Resources down 41%, Spanish Mountain down 38% …. dozens of juniors are off >35%. Is now the time to give up on gold? Never in the past 15+ years that I've been following this sector have I been more bullish on gold fundamentals. However, my optimism is not predicated on the price soaring, it's already quite high. I believe it will remain strong well into 2021. In a world gone mad, gold junior stocks make sense as a safe haven Elevated uncertainty in my home...
Wed, 16 Sep 2020

Calibre Delivers 149.4 g/t Gold

Source: Bob Moriarty for Streetwise Reports   09/16/2020 Bob Moriarty of 321gold explains why he believes this company is on its way to mid-tier producer status.I don't think most investors understand the extent that the well-led resource companies have cashed up in anticipation of far higher prices for gold and a renewed interest in mining by the general public. The actions of the Federal Reserve and all central banks pouring bales of $100 bills onto a bonfire pretty much guarantee the end of fiat currencies, higher gold and even potential hyperinflation. Eleven months ago I covered the potential for Calibre Mining Corp. (CXB:TSX; CXBMF:OTCQX) that had just done a deal with B2 Gold to take over two existing gold mines in Nicaragua. While gold is up a lot at the time their shares were $0.75. Fast forward to today and those same shares are up about 300%. Everyone in the junior resource space is going to benefit but the sweet spot of risk vs. reward is going to be in...
Wed, 16 Sep 2020

Are the Gold Stocks Overvalued Today?

Source: Adrian Day for Streetwise Reports   09/16/2020 Money manager Adrian Day takes a look at the gold stocks—the senior miners, in particular—and discusses whether they remain undervalued or whether they have moved too far, too fast.We discussed recently how the policies of the Federal Reserve and other global central banks were extremely bullish for gold. If the various quantitative easings (QEs) after 2008 took gold on a five-year bull market that saw the price of gold almost triple, while the major mining index (XAU) went up over 3.5 times, and many juniors far more, today's even more extreme "policy," dubbed "QE Infinity," could have an even longer and greater impact on the price of gold. Yet despite increased interest in gold and gold stocks—despite the XAU having more than doubled since March—the gold stocks remain undervalued. This is true of pretty much every subsector of the gold space, other than the major royalty companies. (We still like...
Tue, 15 Sep 2020

Silver Bulls Will Be Handsomely Rewarded

Source: Peter Krauth for Streetwise Reports   09/15/2020 Peter Krauth outlines the reasons he believes the price of silver will continue to rise.They say patience is a virtue. Well, if anyone is virtuous these days, it has to be silver bulls. They also say good things come to those who wait. I believe those good things will be coming…in spades. Silver reached just shy of $50 back in April 2011. A decade later, we're still just barely above half that level. But that's all about to change. Since bottoming in March, gold has rocketed to a new all-time high near $2,070 in early August, up 40%. But silver's trough-to-peak gains have put gold's to shame. The white metal bottomed in March near $12, then soared to a $29 peak, also in early August, for a blistering 140% gain in just 4½ months. When silver really gets going, it can surprise even the most ardent of silver bulls. And odds are it's going to go on several more runs like this in the future. Here's what's...
Mon, 14 Sep 2020

Shoeshine Boys and Dockhands, Market Tops and Precious Metals

Source: Michael Ballanger for Streetwise Reports   09/14/2020 Precious metals expert Michael Ballanger discusses the correlation between stock tips and market bubbles.There is a great story surrounding the late Joe Kennedy, father of former U.S. president John F. Kennedy, and a Wall Street robber baron of the highest order. A dedicated market player in the 1920s, as rumor (or myth) would have us believe, one fine morning in late September 1929, he was having his shoes shined, reading the Wall Street Journal when the young shoe shine boy, noticing the paper Joe was reading, proceeded to offer a "stock tip" on a particular issue that has already advanced 4000% in the past year. The "tip" turned out to be a corporate event that Joe had heard about and investigated six months prior and in the end, of little (or no) value. That marked the day that Joe Kennedy liquidated his entire portfolio and began to short the U.S. markets because, as he so Boston-ly put it "When the...
Mon, 14 Sep 2020

GSP Resources Begins Drill Program

Source: Bob Moriarty for Streetwise Reports   09/14/2020 Bob Moriarty of 321gold explains why he is confident the company will hit copper with its new drill program.GSP Resource Corp. (GSPR:TSX.V; GSRCF:OTCBB) put out a press release on the 8th of September that was at the very least poorly worded and confusing. They announced the start of a drill program at their Alwin copper mine adjacent to Teck's Highland Valley Mine. When I read the press release I got into contact with the company to clarify what I thought they were doing. In the press release GSPR stated, "The Phase 1 program will consist of a minimum of 1,000 meters of diamond drilling. . . " And I get about as excited at a press release talking about a 1000 meter drill program as do my readers. That is to say not at all. But management did clarify the release. The 1000 meters is just the start of Phase 1 and there will be a Phase 2 based on the results of the first program. The entire drill program is financed...
Mon, 14 Sep 2020

Explorer Records Highest-Grade Assays to Date at Colombian Silver-Gold Project

Source: Streetwise Reports   09/14/2020 Outcrop Gold reported it has drilled 0.95 meters of 10,784 grams per tonne silver equivalent at its wholly owned Santa Ana project in north Tolima, Colombia.In a news release, precious metals explorer and prospect generator Outcrop Gold Corp. (OCG:TSX.V; MRDDF:OTCPK; MRG1:DB) announced assay results from drilling on its 100%-owned Santa Ana project in north Tolima, Colombia. The firm reported that drilling is ongoing at the Megapozo target, where to date it has already completed 1,783 meters of drilling in 14 core holes with one more hole currently in progress. Outcrop Gold noted that assays from five holes are pending at present. The company reported that it has achieved the highest grades to date at Santa Ana and indicated that it recorded 0.95 meters of 69.6 grams per tonne (g/t) gold and 5,550 g/t silver, and 0.73 meters of 13.4 g/t gold and 1,460 g/t silver intercepted at Megapozo. The firm added that drilling continues...
Fri, 11 Sep 2020

A-Mark Precious Metals Shares Rise on Record Yearly Earnings, Issues Special Dividend

Source: Streetwise Reports   09/11/2020 A-Mark Precious Metals shares traded 22% higher after the firm announced FY/20 financial results that included a 96% YoY increase in Q4/20 revenue and a special dividend of $1.50 per share.Full-service precious metals trading company A-Mark Precious Metals Inc. (AMRK:NASDAQ) yesterday announced financial results for the fiscal fourth quarter and full year ended June 30, 2020. The company reported that in Q4/20 total revenues increased 96% to $1.67 billion, compared to $850.2 million in Q4/19. A-Mark Precious Metals indicated that the year-over-year increase was primarily attributed to an increase in the total amount of gold and silver ounces sold and higher gold and silver market selling prices. The firm stated that gross profit increased 335% to $28.0 million in Q4/20, compared to $6.5 million in Q4/19 and noted that the increase was from higher gross profits from its Wholesale Trading & Ancillary Services and Direct Sales...
Wed, 09 Sep 2020

Sassy Resources Expands More Creek Corridor, Discovers New Surface High-Grade Gold-Silver Zone

Source: Peter Epstein for Streetwise Reports   09/09/2020 Peter Epstein of Epstein Research discusses an explorer that he believes offers high-grade precious/base metal discovery potential.Sassy Resources Corp. (SASY:CSE) is a largely unknown spinout from Crystal Lake Mining (now called Enduro Metals). Sassy controls 100% of a promising gold-silver play in the Eskay Camp, at the heart of B.C.'s Golden Triangle (GT). The Foremore project covers 14,585 contiguous hectares (ha) containing high-grade precious metal targets plus showings of zinc, lead and copper. Sassy has an Enterprise Value (EV) {market cap + (0) debt – (~$2 million) cash} of ~$20 million. The capital structure is tight with only 29.1 million shares outstanding. {Please see my prior article here for further details about Sassy's free float}. Sassy is the 16th largest pre-production junior in the GT. Sassy's high-grade Foremore compares in size to well-known GT projects Compare Sassy's 14,585 ha...
Wed, 09 Sep 2020

Three Junior Gold Explorers Worth Exploring

Source: Peter Krauth for Streetwise Reports   09/09/2020 Peter Krauth profiles three junior mining companies that he believes hold the potential to produce stellar results. So far this year, the S&P 500 is up 6%. Considering the massive challenges we've faced, that's not bad. By comparison, gold has clocked stellar returns. It's up 26% year-to-date. But a small subsector of the gold space has far outpaced even gold's returns. Imagine making 19 times your investment in just 5 months. Sound impossible? That's what some junior explorers' shares have done already this year. To be fair, these can be some of the most volatile equities on the planet. Of course, the rising tide of a secular gold bull market can go a long way to moderate some of that risk. Also, allocating capital wisely and across several explorers can help mitigate the hazards these companies might present. The fact is just one outstanding success, even alongside a few other mediocre performers,...
Wed, 16 Sep 2020

Explorer Starting the Drill Rigs in Quebec's Prolific Val-d'Or

Source: Streetwise Reports   09/16/2020 After using advanced geophysical technology, Black Tusk Resources is ready to begin drilling its Quebec gold property.Black Tusk Resources Inc. (TUSK:CSE; BTKRF:OTCMKTS; 0NB:FSE) has been assiduously testing its flagship gold project, the McKenzie East property, located in the heart of Quebec's prolific gold mining region, Val-d'Or, and is about to commence drilling. Within the last few months the company has conducted a drone magnetometer survey and a 3D induced polarization (IP) survey, and SGS Minerals Lab has analyzed 205 soil samples using its Mobile Metal Ion (MMI) process. "We've used the most modern and advanced exploration techniques available, and we're currently piecing all the data together to formulate the strongest drill targets," Richard Penn, Black Tusk's CEO, told Streetwise Reports. "Black Tusk's chart shows a solidly bullish picture with another upleg in the offing." - Technical analyst Clive Maund The...