Market Movers and Shakers
CEO.CA Presents the Chairman's Briefing - Dec.?1, 2022
“If you do not know who you are, the stock market is an expensive place to find out”
―?Edwin Lefèvre,?Reminiscences of a Stock Operator
In Partnership With
Xander Resources Commences Maiden Drilling Program at the?Timmins Nickel Project
The next big (economic) data dump is on Dec 2 when the US Department of Labor releases its latest NFP numbers for November.
While we're waiting for this (and the fallout from the Fed's next foray)—November's CPI digits are due Dec. 13, and the Fed meets on the same day—we'll focus on some of the companies in the junior arena that have been dropping significant headlines in recent sessions. The emphasis will be on precious metals.
Gold
Aside from the battery metals essential to support the global megatrends of decarbonization and electrification, we also need more Gold and Silver, especially in this environment of difficult-to-comprehend debt loads, reckless gov't spending, spiraling inflationary price pressure, and rampant out-of-control currency debasement. Gold and silver are real money. You can't conjure them out of thin air. A colleague of mine once said, "No act of Congress can magically make a tonne of gold appear on the lawn of the White House. " Wise words.
And unlike the Greenback and other fiat currencies, you can't bombard the global economy with Gold and Silver via a battery of (digital) Bofors guns.
Moving along...
In Partnership With
Xander Resources Inc. (TSXV: XND | OTCQB: XNDRF | FSX: 1XI), a mineral acquisition and exploration company focused on drill-ready battery and precious metal projects, is pleased to announce drilling has commenced at its Timmins Nickel Project.?
Companies Making Headlines
i-80 Gold dropped another impressive set of assays from an ongoing drill campaign at its wholly-owned Ruby Hill Property in Eureka County, Nevada—i-80 Gold Expands High-Grade Gold Mineralization at Ruby Hill.
The highlight intervals from this latest round include 9.0 g/t Au over 51.2 meters, 14.4 g/t Au over 14.2 meters & 11.0 g/t Au over 9.9 meters.
Two weeks back, the company delivered a truly spectacular 60.2 g/t Au, 908.7 g/t Ag, 1.1 % Zn & 15.7 % Pb over 10.0 meters via the following headline—i-80 Gold Hilltop Discovery Yields Bonanza-Grade CRD Mineralization at Ruby Hill.
Ongoing drilling is focused on defining and expanding gold mineralization in the primary zones while also testing several high-potential targets on the Property including the recent Hilltop discovery. Step-out drilling in both the Upper and Lower Hilltop Zones continues to intersect sulphide mineralization (additional results pending), confirming substantial expansion potential and a recently completed geophysical survey has identified several nearby high-priority anomalies. As a result, the 2022 drill program at Ruby Hill will continue with more than 40,000 metres expected to be completed by year-end.
New Found Gold has been on a roll in recent sessions delivering top-shelf high-grade gold values from its?Queensway Project in Newfoundland / Labrador.
Headline intervals reported over the past few weeks from the Keats Main and the newly discovered Keats West zone include:
The company is in the late innings of a mammoth-sized drill campaign at Queensway. According to?the November 28 press release,?approximately 79% of the planned 400,000m program at Queensway has been drilled to date, with ~65,052m of the core still pending assay results.
That's right... a 400-kilometer drill campaign. Needless to say, assay-related newsflow will be robust over the remainder of this year and well into next.
Skeena's past-producing?Eskay Creek Project, located in the heart of BCs prolific Golden Triangle, is shaping up to be a classic Tier One Asset.
A Tier One Gold deposit is defined as an orebody with sufficient reserves to deliver a minimum 10-year life, annual production of at least 500,000 ounces of Au, and total cash costs per ounce that rank in the lower half of the industry cost curve.
Over the past month, Skeena has been reporting additional near-surface mineralization in close proximity to its?Feasibility Study supported?resource base (above slide):
Commenting on the drill core values released on November 29, CEO Randy Reichert:
"We continue to be impressed by the discovery and definition of additional near surface mineralization in close proximity to the Feasibility Study Main Pit. Targets such as the 23 Zone are expected to provide positive benefits to the Feasibility Study update that we plan to release in H2 2023."
Also out of the prolific Golden Triangle of northwestern BC, Dolly Varden dropped some solid assays from its Kitsault Valley Project—Dolly Varden Silver Intersects 27.44 g/t Au and 463 g/t Ag over 9.16m, Including 75.13 g/t Au and 2,337 g/t Ag over 1.77m at Homestake Ridge.
The interval highlighted in the text of the above headline represents a fat hit (you gotta like it when silver values can be measured in kilograms).
领英推荐
This current program is designed to expand multiple subparallel mineralized zones and to upgrade the Inferred ounce count to the higher confidence M&A categories. Additional assays from multiple (known) zones and new exploration targets are pending.
HighGold's Johnson Tract Project in Southcentral Alaska currently boasts a high-grade resource of 1,053,000 ounces @ 9.39 g/t AuEq (Indicated) and 108,000 ounces @ 4.76 g/t AuEq (Inferred).
On November 29, the company dropped a spectacular interval from its 2022 campaign—a program that consisted of 55 drill holes totaling 10,346 meters (drilling wrapped up in mid-October)—HighGold Mining Intersects 18.76 g/t Gold over 120.5 Meters in Infill Drilling at JT Deposit, Alaska.
Yes, the 18.76 g/t Gold over 120.5-meters result is an infill drill hole, but it confirms and characterizes the robust geological structure underpinning the company's flagship asset.
To date, assay results have been released for 19 of the 55 drill holes completed during the 2022 Program. Remaining assay results will be released in batches on an ongoing basis pending review and meeting Company quality assurance-quality control protocols. The Company is currently focusing on environmental baseline and engineering studies to support the continued advancement of the Project.
Prime continues to report outstanding results from a recently concluded Phase-2 drill program at its mothership?Los Reyes Project?in Sinaloa, Mexico.
Results released on Nov. 28 stem from the Guadalupe area where Prime continues to delineate and expand the multi-million-ounce Los Reyes high-grade gold-silver deposit—Prime Drills Multiple Bonanza and High-Grade Intercepts at Guadalupe Including 33.2 gpt Au and 1,072 gpt Ag over 2.0 Metres.
Los Reyes and its three known gold-silver deposit areas (Guadalupe, Z-T and Central), has a mineralized footprint of over 15 square kilometres and is located in a highly prospective, 500-year old mining-friendly district of Sinaloa, Mexico.
Highlights from this latest batch of assays include:
Worth pointing out, mining legend Pierre Lassonde has demonstrated an appetite for the stock, at significantly higher prices...
Filo shareholders are growing accustomed to colossal intervals of CuEq mineralization that continue to flow from its Filo del Sol Project in San Juan, Argentina.
Filo del Sol is characterized as a high-sulphidation epithermal copper-gold-silver deposit associated with one or more large porphyry copper-gold systems.
Last week the company dropped a headline boasting an intercept of 1,356 meters at 1.09% CuEq, including 424 meters at 1.54% CuEq.
Back in October, the company tabled a highlight interval of 1,132 meters at 1.11% CuEq.
Commenting on these results, CEO Jamie Beck:
"With mineralization starting near surface, Holes 62 and 64 showcase the continuity of strong mineralization within the Aurora Zone. These resource definition holes are important as we build confidence in our geologic model and enhance our understanding of the deposit. Many of the Aurora Zone holes which we collared during the Austral winter campaign are now well over 1,000 metres in depth and should be wrapping up shortly. We will look to deploy these rigs further afield as we begin some of this season's step-out drilling."
Two market movers and shakers
Queensland lit up trading screens after announcing a lithium acquisition—the 86 square kilometre Mia Lithium Property in the James Bay region of mining-friendly Quebec—Queensland Gold Hills Announces Acquisition of Mia Lithium Project in Quebec Hosting 8km Spodumene-Pegmatite Trend and Concurrent Private Placement Financing.
This acquisition appears to represent a pivot, from gold to the battery metal space. Presumably, we'll see a name change in the not-too-distant future.
The market liked the acquisition.
CEO Alicia Milne:
"Our entry into the lithium space represents a new value creation opportunity for our shareholders. Quebec is a top global mining jurisdiction and the James Bay region is a highly attractive investment destination for lithium exploration due to its prolific hard rock lithium endowment. We are looking forward to revealing the enormous potential we see in the Mia project."
Mentioned here in?last week's Briefing, Fission 3.0 released follow-up results from its new U3O8 discovery at its 100% owned?Patterson Lake North?project in the southwest Athabasca Basin—Fission 3.0 Intersects Off-Scale Mineralization in the First Follow Up Hole at PLN A1 Discovery
The company states that current drilling is designed to follow up on the discovery hole that was?announced on Nov. 21. This follow up drilling tagged?3.48 meters of total composite mineralization with greater than 10,000 cps including 2.5 meters of total off-scale radioactivity (>65,535 cps), occurring as pitchblende patches.
The market continues to like what it hears from this corner of The Basin.
Hits of the week
German police are appealing for witnesses after thieves broke into a Bavarian museum on Tuesday night and made off with a horde of nearly 500 ancient gold coins worth several million euros -?Thieves Steal Ancient Gold Coins In German Museum Heist
In what could prove a game changer for global supply, a US startup says it’s solved a puzzle that has frustrated the mining world for decades -Copper’s biggest mystery is finally cracking
The african nation of Ghana appears to have issues with the Greenback - Ghana orders miners to sell 20% of refined gold to central bank
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CEO.CA Chairman’s Briefing content and associated news and securities are for educational and illustrative purposes only.?This content should never be considered a recommendation to buy or sell any security or other asset. The source of any third-party content, in which CEO.CA Technologies Ltd. may receive compensation, is clearly and notably identified here as “Sponsored by” or “Sponsored” or “In Partnership With”. The information may not be complete or accurate and is subject to change without notice. CEO.CA Technologies Ltd., its affiliates and clients of CEO.CA Technologies Ltd. or its affiliates may currently have long or short positions in the securities of the companies mentioned herein, or may have such a position in the future (and therefore may profit from fluctuations in the trading price of the securities). To the extent such persons do have such positions, there is no guarantee that such persons will maintain such positions. Information regarding the likelihood of various investment outcomes are hypothetical, are not guaranteed for accuracy or completeness, do not reflect actual investment results and are not assurances of future results. All investments involve risk, and the past performance of a security, industry, sector, market, or financial product does not guarantee future results or returns. Always do your own research before making any investment decisions. Thank you for reading the Chairman’s Briefing.