BullMarketRun   BullMarketRun.com

A Daily, Vibrant Voice Focused on Speculative Opportunities,
Commodities, and Economic & Political Trends Impacting
The Resource Sector & Equity Markets
 

"Market-Trouncing Returns Through Unbeatable
Technical & Fundamental Analysis of Niche Sectors"

February 13, 2019

Daniel’s Den

You need to be logged in to view this content. Please . Not a Member? Join Us

7 @ 7:00

Check back later in the day for additional posts, including Daniel’s Den, and visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,308 and $1,319 so far todayas of 7:00 am Pacific, bullion is up $an ounce at $1,313…inflows into the SPDR Gold Trust, the world’s largest Gold-backed ETF, continued to drop this week, down about 3% so far this month after 4 straight monthly gains…Silver is up 4 pennies at $15.71…Copper is 2 cents higher at $2.78…Nickel is relatively flat at $5.64 while Zinc is unchanged at $1.19…Crude Oil has gained another 97 cents a barrel to $54.07 after top exporter Saudi Arabia trimmed back exports and said it would deliver an even deeper cut to its production…the U.S. Dollar Index has added one-fifth of a point to 96.89…U.S. consumer prices were unchanged during January, another sign that inflation remains rather muted…the core index for CPI, excluding the volatile food and energy sectors, increased 0.2% in January for the 4th consecutive month, in line with expectations…the all-items index increased just 1.6% for the 12 months ending with January, the smallest increase since the period ending June 2017

2. Chinese President Xi Jinping will meet with Treasury Secretary Steven Mnuchin and Trade Representative Robert Lighthizer on Friday as both sides pursue a trade deal before an early March deadline, the South China Morning Post reported today…the report said Xi “is scheduled to meet” with key members of the U.S. trade delegation that is currently in Beijing, including Lighthizer and Mnuchin…Chinese Vice Premier Liu He is also expected to attend a banquet for the U.S. delegation later this week, according to the Morning Post…China and the U.S. are trying to strike a deal before the start of March…otherwise, additional U.S. tariffs on Chinese goods are scheduled to take effect…the report comes a day after President  Trump said he would consider pushing back the current March deadline if it means a deal between the 2 countries can be reached soon…he added, however, he “would prefer not to”

3. SNC-Lavalin Group (SNC, TSX), at the center of a growing political scandal that is now ensnarling the Trudeau government which ironically has been lecturing China on the “rule of law”, had its credit rating cut by S&P Global Ratings after the Canadian engineering firm issued its second profit warning in as many weeks…S&P cut the Montreal-based company to BBB-, the lowest investment-grade rating, from BBB, according to a statement yesterday…the downgrade reflects the reduced outlook for earnings and cash flow, and heightened risk from a global slowdown and potential fallout from corruption charges in Canada, S&P said…SNC said it failed to reach an agreement with a client in a dispute over a mining project in Latin America, prompting it to slash its profit forecast by more than 40% for the year…the stock and bonds plunged on the report Monday…

4. Galway Metals (GWM, TSX-V), a play we initially brought to subscribers’ attention last month around 20 cents, has surged this morning on the release of first assays from its new Gold discovery at the Clarence Stream Project in southwestern New Brunswick…significantly, the new Gold zone is in an area where there has been no previous drilling, centered between the George Murphy and Jubilee zones, approximately 1 km from each…hole BL1812 returned 7.3 g/t Au over 36.7 m, including 38.1 g/t over 6.5 m in multiple quartz veins containing abundant visible Gold, starting only 51 m downhole and 36 m vertical…drilling in hole BL1915 also has intersected visible Gold twice, approximately 50 m NW of and 97 m vertically below the VG seen in BL1812…assays are pending…the new discovery, in holes BL1812 and BL1915, represents the 2nd mineralized zone that Galway has found since the company began drilling Clarence Stream in October 2016 (the George Murphy zone being the other), and the 5th zone identified in the Clarence Stream district to date….2 of these zones are in the existing resource (September 2017) which is scheduled to be updated this year…

5. Barrick Gold (ABX, TSX; GOLD, NYSE) has reported a net loss for the 4th and full-year 2018 due in large part to impairment charges, but listed an adjusted profit for both periods…the company listed a Q4 net loss of $1.2 billion, or $1.02 per share, compared to a net loss of $314 million, or 27 cents, in the same quarter a year earlier…the full-year net loss was put at $1.55 billion, or $1.32 per share, compared to a 2017 profit of $1.44 billion, or $1.23 per share…excluding special items, adjusted earnings in the 4th quarter were $69 million, or 6 cents per share, down from $253 million, or 22 cents, in the same quarter of 2017…full-year adjusted net earnings were $409 million, or 35 cents, down from $876 million, or 75 cents, in 2017…the company generated annual revenue of $7.24 billion, operating cash flow of $1.77 billion, and free cash flow of $365 millionmeanwhile, Randgold Resources, which merged with Barrick last month, has posted a solid set of results for its final year of operation as a listed company…highlights of the numbers were the 35% increase to $2.69 per share in the annual dividend and the record production from Kibali in the Democratic Republic of Congo, which at 807,000 ounces of Gold was materially better than guidance…group Gold production of 1.28 million ounces was fractionally below guidance, reflecting the impact of a protracted illegal strike at Tongon in the Cote d’Ivoire…total cash cost of $637/oz was in line with guidance…

6. The Dow is up 148 points as of 7:00 am Pacific…the S&P 500 closed above its 200-day SMA yesterday for the first time since December 3…in Toronto, the TSX has climbed 28 points while the Venture has added 1 point to 613Amex Exploration (AMX, TSX-V), in the midst of new high-grade discoveries at its Perron Project north of Rouyn-Noranda, has effectively leveraged its recent share price gains by arranging a non-brokered private placement in the maximum amount of $5,025,000 through the offering of up to 6.7 million units priced at 75 cents each…the stock closed at 83 cents yesterday and has more than quadrupled in price since mid-January…iMetal Resources (IMR, TSX-V) has backed off slightly to 15 cents after surging by more than 50% Monday-Tuesday on record high volume, thanks to an emerging discovery at its Gowganda West Project…technically, IMR has confirmed a major breakout above a multi-year downsloping channel, suggesting the stock is still in the very early stages of a potential Amex-type major move…between Canada Cobalt (CCW, TSX-V) immediately to the east, and iMetal, the Gowganda Camp is destined to really heat up during the 2nd half of February going into PDAC

7. Teck Resources (TCK.B, TSX) saw its 4th quarter profit drop 41.5% from the year earlier, amid lower prices for Copper, Zinc and Oil…the profit attributable to shareholders amounted to $433 million or 75 cents per diluted share, down from a profit of $748 million or $1.26 per diluted share in the 4th quarter of 2017…revenue for the 3 months ended December 31 was $3.25 billion…up from $3.16 billion in the 20174th quarter, as lower base metal prices were offset by higher prices for steelmaking coal and new contributions from oilsands production…steelmaking coal accounted for $1.674 billion of Teck’s revenue, up from a year earlier…Copper and Zinc revenue fell to $633 million and $820 million, respectively…Oil contributed $120 million of revenue, compared with none a year before…

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

February 12, 2019

BMR Evening Alert!

You need to be logged in to view this content. Please . Not a Member? Join Us

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,308 and $1,316 so far todayas of 7:00 am Pacific, bullion is up $an ounce at $1,3102018 was an unprecedented year for central bank Gold demand and that trend appears to be continuing through the start of the new year as China bought nearly 12 tonnes of Gold last month…the latest reserve data from the People’s Bank of China shows its Gold holdings jumped by 11.8 tonnes to 1,864 tonnes as of the end of January…this latest increase follows December’s purchase of just under 10 tonnes, the first time China’s central bank added to its Gold reserves since October 2016…while it’s still too early to say that China is on a buying spree, analysts at Commerzbank said that previous trends support further purchases this year…“In the past, the PBOC has tended to buy Gold for several months in succession,” the analysts noted…Silver is unchanged at $15.68…Nickel and Copper are both down marginally at $5.57 and $2.76, respectively, while Zinc has retreated 3 pennies to $1.19…Crude Oil has rebounded $1.32 a barrel to $53.73 while the U.S. Dollar Index is off more than one-tenth of a point at 96.92

2. Revealing – the 4th quarter stock market meltdown continued to reverberate with investors in January, with many fleeing to cash and dumping risk despite a sharp rebound during the month (bullish to contrarians)…Bank of America’s Merrill Lynch’s latest fund manager survey, which gauges where global pros are positioning, showed the biggest net overweight position in cash since January 2009, just 2 months before the market bottomed and set up the longest bull run in Wall Street history…pessimism ran extremely high last December, a very bullish sign…allocations to global equities fell 12 percentage points to a 6% overweight, or the level compared to what would be typical…that’s the lowest since the market turbulence of September 2016…in all, Bank of America’s strategists see all the fear as adding up to opportunity…“Despite the recent rally, investor sentiment remains bearish,” Michael Hartnett, chief investment strategist at the firm, said in a note titled My Big Fat Buyers’ Strike”…he added, Fund managers’ positioning is still a Q1 positive for risk assets”

3. iMetal Resources (IMR, TSX-V) roared to life yesterday, confirming a major breakout on record volume above a long-term downtrend line on the monthly chart, after the company announced encouraging visuals and the immediate expansion of its maiden Phase 1 drill program at Gowganda West, a highly prospective 140 sq. km project that rests directly below Pan American Silver’s (PAAS, TSX) Juby deposit…3 drill holes have been completed at the Zone 1 South target, just 500 m from the Pan American border, each to a depth of approximately 250 m…significantly, the Gold-mineralized and altered mafic volcanic and jasper conglomerate lithologies observed at surface (chip sampling returned Gold values as high as 39.3 g/t) have been intersected by drilling and continue to depth with evidence of a widespread hydrothermal system and fluid migration…fine-grained pyrite with chalcopyrite is associated with quartz-carbonate alteration and veining in the host lithologies, the company reported…Gary Grabowski, IMR advisory board member who served as district geologist for Ontario’s Ministry of Northern Development and Mines for more than 35 years, compared the rock types and alteration at Gowganda West to the Kirkland Lake Camp…“This drill program will be very interesting and could identify a new high-grade Gold system that is parallel to the Juby deposit”the Gowganda district has been vastly under-explored for its Gold potential…just 10 miles to the east at Canada Cobalt’s (CCW, TSX-V) Castle mine, 50 miles southwest of Kirkland Lake, CCW has drilled into an Archean Gold system immediately east of 3 past producing high-grade Silver mines, featuring abundant finely-grained pyrite, multi-generational quartz veining, multiple alteration styles, and extensive faulting which is key to mineralization in this region…an update from CCW is expected shortly…

4. Probe Metals (PRB, TSX-V) has drilled 9.1 m grading 9.6 g/t Au, including 1 m of 42.4 g/t, in a new discovery at its Courvan Property approximately 1.5 km west and adjacent to its New Beliveau deposit near Val d’Or…results from 39 drill holes totalling 11,819 m also confirmed expansion of previous discoveries north and west of the former Bussiere mine…David Palmer, President and CEO of Probe, states, “In a very short space of time the Courvan Property has been elevated into a priority area for generating potential new Gold resources.  The area is characterized by thick, high-grade Gold zones that are interpreted to be part of the same system responsible for the mineralization that comprises the current 43-101 Gold resource 1.5 km to the east.  The Courvan area, as well as the ground in between, has become a priority focus for the winter drill program as we look to extend these mineralized zones and expand our resource base”…the 2018 drilling program at Courvan has allowed the identification of 12 new Gold structures over an area of 2.5 km x 1 km around the old Bussiere mine, all located within a short distance of the company’s current resources…the mineralized zones are similar to those observed along the Pascalis trend with large envelopes of quartz-tourmaline veins and associated alteration…visible Gold is common within the mineralization…

5. Aurora (ACB, TSX) came under mild pressure at the open this morning after releasing its latest quarterly results late yesterday…revenue surged as the company sold a record amount of cannabis in a quarter…however, the pot producer’s selling price fell sharply as it entered the competitive recreational market…Aurora’s results shed light on the pressure cannabis producers face as they seek to increase production and adjust to rising costs associated with new regulations…on last night’s earnings call, the company vowed to continue to prioritize its medical cannabis business, a segment that remained larger and more profitable for the company…“We are positioned to capture a larger part of medical market in Canada and abroad,” Chief Corporate Officer Cam Battley said on the call…Aurora’s numbers for the period ended December 31 offered investors a first glimpse into the 2.5 months since the legalization of recreational cannabis in mid-October…Aurora touted overall quarterly sales of $54.2 million, up 83% from the prior quarter, $21 million of which came from recreational sales…however, the company’s average selling price of dried cannabis dropped by 26%…the most significant driver of Aurora’s revenue growth over the next 12 to 18 months is the company’s scale-up of high-quality production available for sale to the Canadian consumer market and the Canadian and international medical markets…the company anticipates that with Aurora Sky operating at full capacity, as well as continued reduction in operating costs, the cash cost to produce per gram will trend significantly lower…management believes that the combination of substantial revenue growth, low cost of production, and disciplined operating cost management will position Aurora to achieve sustained positive EBITDA beginning in fiscal Q4 2019 (calendar Q2 2019)…technically, the stock remains in a strong overall uptrend…ACB is off 14 cents at $9.36 through the first 30 minutes of trading…

6. The Dow is up 240 points as of 7:00 am Pacificin Toronto, the TSX is 34 points higher while the Venture has gained 4 points to 612 after touching support at its EMA(20) yesterday…Tidal Royalty (RLTY.U, CSE) remains halted, pending news…the U.S.-focused cannabis royalty play closed Friday at 26 cents…GT Gold (GTT, TSX-V) just released final drill results from its 2018 program at Saddle South, the high-grade epithermal system next to the large Gold-Copper-rich porphyry discovery at Saddle North…the program at Saddle South was successful in extending the high-grade mineralization found in 2017 along strike by several hundred metres, and to a similar depth beneath largely covered and untested areas east and west of Saddle Ridge…east of Saddle Ridge, visible Gold intersected in TTD105 (187.5 g/t Au and 53.6 g/t Ag over 0.74 m from 332.26 m) confirms the presence of high grades within the Gold-bearing system in the easternmost drill holes…this intercept is coincident with an extensive high-potential chargeability anomaly that is yet to be fully tested…encouraging but lots of work to do still at Saddle South…Saddle North will continue to be the main driver of value for GTT

7. Oceanagold (OGC, TSX) continues to intersect high-grade Gold mineralization during resource definition drilling along the East Graben vein at the company’s WKP prospect in New Zealand…results released this morning, highlighted by 10 m @ 43.4 g/t Au, 9 m @ 21.2 g/t and 10.1 m @ 19.2 g/t (true widths), support the high-grade results reported in 2018 and will enable geological modelling and resource estimation to define a maiden resource later in the year…Mick Wilkes, President and CEO, stated, “We are very excited about the potential at WKP.  Drilling continues to yield high-grade intercepts across multiple veins with each hole increasing our confidence of a potential resource and possible new major discovery located close to the Waihi operation.  Discoveries such as these have the potential to further create employment opportunities while delivering socio-economic benefits to local communities and nationally”

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

Sizzler Report! (Part 2)

You need to be logged in to view this content. Please . Not a Member? Join Us

February 11, 2019

BMR Evening Alert!

You need to be logged in to view this content. Please . Not a Member? Join Us

7 @ 7:00

Visit the BMR comments section throughout the day for updates and helpful information!

1. Gold has traded between $1,303 and $1,313 so far todayas of 7:00 am Pacific, bullion is down $an ounce at $1,306…outflows from global Gold-backed ETFs occurred every day last week, says Commerzbank“After Gold ETFs registered inflows of a good 70 tonnes in January, outflows since the start of February have totaled nearly 20 tonnes”…Silver has lost 13 cents to $15.68 as it continues to grapple with key resistance in the $15.70’s…Nickel and Copper are both up slightly at $5.69 and $2.81, respectively, while Zinc is off a penny at $1.21…Crude Oil has retreated another $1.39 a barrel after a big slide last week while the U.S. Dollar Index has jumped nearly half a point to 97.06 as it gains fresh momentum above its 50-day moving average…major resistance exists around 97.50, last year’s highs…President Trump will return in earnest to campaign posture today, holding his first rally of the year in the shadow of the Mexican border and in the hometown of a potential rival and far left Democrat Beto O’Rourke…Trump will use his appearance to make a case for a congressional spending deal that would fund a physical barrier along the Southern border and avert another partial government shutdown before the deadline at week’s end…as of Sunday, negotiations between the two parties had broken down…

2. This is what can happen when governments interfere in the market: Alberta’s effort to alleviate a Crude glut through mandatory production curtailments may be backfiring, as Canadian heavy Crude has suddenly become too expensive to ship by rail2 months after the provincial NDP government announced the cuts, with the support by the way of Jason Kenney’s Conservatives, Crude-by-rail shipments are declining even as pipelines remain at or near capacity…rail volumes fell a staggering 56% last week compared with 3 weeks earlier, after setting a record in December, according to Genscape Inc. which monitors Crude-by-rail loadings at some of the larger terminals in Western Canada…“The rail economics are seriously damaged, and a lot of the rail movements are stopping or have stopped,” Suncor Energy (SU, TSX) CEO Steve Williams said on a conference call last Wednesday with analysts…“That’s going to have the opposite impact to what the government wants”…the level of political incompetence when it comes to handling Canada’s Oil sector is beyond comprehension…

3. Chemesis International (CSI, CSE) has hit a new all-time high after announcing plans to add an additional 25,000 sq. feet of manufacturing in Cathedral City, California…with the recent commercialization of its fully compliant state-of-the-art extraction facility, the company is moving forward with this expansion plan and anticipates completion of the additional manufacturing space during the 2nd quarter…the facility will be full state compliant for manufacturing, packaging, distribution and transportation allowing for products to be distributed directly to state licensed dispensaries…with this expansion, the company has the ability to further increase its finished goods portfolio, which will include beverages, edibles and other consumer goods…“With the company’s recent acquisition of a new low-temperature extraction methodology, we will also be able to expand our offerings to include other cannabinoids at higher concentration in our finished goods,” stated Chemesis CEO Edgar Montero…”The manufacturing expansion will maximize efficiencies, and will also increase production capacity for Chemesis’s brands, including California Sap and Jay & Silent Bob’s Private Stash, as well as third party brands”

4. RNC Minerals (RNX, TSX) announced this morning that it’ll be displaying the recently-discovered “Father’s Day Vein” Gold specimens, which it believes are among the largest of their kind ever unearthed, at the Tucson Gem and Mineral Show® (TGMS) from February 1417…according to TGMS, this is the largest, oldest and most prestigious gem and mineral show in the world…in September 2018, investors cheered the Father’s Day Vein discovery by RNC, which has yielded more than 25,000 ounces of Gold worth in excess of $40 million (CDN) including what is believed to be among the largest Gold specimens ever unearthed, including King Henry containing 1,402 ounces, Warren containing 893 ounces, and several other spectacular high grade specimens…

5. Pure Gold Mining (PGM, TSX-V) has released an independent Feasibility Study on its 100%-owned Madsen Gold Project in the Red Lake district, outlining a robust 12-year high-grade, 800-tonne per day underground mining operation with low initial capital cost and an after-tax IRR of 36%…other highlights include after-tax NPV(5%) of $247 million with a 3.4-year payback of initial capital, LOM all-in-sustaining cash cost estimated at $787 (U.S.) per ounce of Gold recovered, and peak annual production of approximately 125,000 ounces…Probable Reserves are 3.5 million tonnes at 9 g/t containing 1 million ounces of Gold…the initial capital requirement is $95 million including a 9% contingency…Darin Labrenz, President and CEO of Pure Gold, stated, “The Madsen-Red Lake orebody is an exceptional foundation on which to build a Gold mining company.  With access to existing infrastructure, a high grade reserve, and exceptional growth potential, Madsen is one of the outstanding Gold deposits in Canada.  The completed study outlines a long life high margin mine, with low initial capital requirements and a fast timeline to production.  In addition, specific exploration targets and satellite resources not considered in the feasibility study suggest an opportunity for near-term growth to potentially further enhance the economics of the project. With the completion of the feasibility study being one of the last de-risking steps, we look forward to rapidly advancing Madsen-Red Lake to become Canada’s next Gold mine”…some selling pressure came into PGM on the FS news, which often happens, as the stock retreated to its rising 50-day SMA in the upper 60’s where there’s strong support…

6. The Dow is up 16 points through the first 30 minutes of tradingin Toronto, the TSX is down 7 points while the Venture is off 1 point at 611Tidal Royalty (RLTY.U, CSE) was halted pre-market, pending news…the U.S.-focused cannabis royalty play closed Friday at 26 cents…2 hot Gold stocks from last week continue to push higher…Amex Exploration (AMX, TSX-V) is up 4 pennies at 75 cents in early trading…this morning the company announced that it has appointed Kelly Malcolm as VP-Exploration (he previously acted as a technical adviser and QP to Amex)…Malcolm was involved in the discovery and delineation of Detour Gold’s (DGC, TSX) high-grade 58N Gold deposit, and has acted as a director, adviser or management for several public and private mineral exploration companies…also pushing higher out of the gate this morning is Max Resource (MXR, TSX-V) which jumped 36% last week to close Friday at 38 cents…nearest Fib. resistance is 40 cents followed by 55 cents…this morning Max announced that it has executed the final Novita Project asset purchase agreement with Noble Metals Ltd. and its subsidiary, and received conditional approval from the Venture for the transaction…the Novita agreement area encompasses or is adjacent to the company’s Choco Precious Metals Project, located 100 km SW of Medellin, Colombia…Lawrence Roulston’s Auramex Gold (AUX, TSX-V), trading at just 4.5 cents with only 45 million shares outstanding, continues to quietly assemble a large and very prospective package of high-grade Gold opportunities in Northwest B.C.’s Stewart area…this morning, the company announced it has agreed to an option to acquire the Rufus Property located immediately north of Highway 37A, 25 km north of Stewart and contiguous with the company’s Champion and Icefield properties in the well-mineralized Bear Valley…the Auramex geological team conducted reconnaissance work on several of its Stewart properties over the past year…that work has added greatly to the geological understanding of the Stewart Camp, with special emphasis on Auramex‘ Bear Pass, Lower Bear and Georgie River areas…summaries of 2018 exploration on these projects will be released in the coming weeks….currently, the team is finalizing its data compilation and preparing for the 2019 field season which will include diamond drilling of some key targets…

7. Benchmark Metals (BNCH, TSX-V) has cut 52 g/t Au and 856 g/t Ag over 3 m within a broader interval of 33.5 m grading 5.7 g/t Au and 129 g/t Ag in the Dukes Ridge zone of its Lawyers Gold and Silver Project in the Golden Triangle…drilling in 2018 has expanded the potential resource area, indicating Gold-Silver mineralization with a total strike length of at least 530 m that is open at depth below 80 m…a total of 1,304 m in 13 shallow drill holes were completed at Dukes Ridge, with 6 holes grading above 1 g/t Gold equivalent over intervals of greater than 10 m…CEO John Williamson commented, “The new drill results provide bulk tonnage drill intercepts that envelope high-grade Gold-Silver veins from surface. These results will significantly expand the overall size of the Dukes Ridge zone that remains open for additional step-out drilling in 2019.  This, in combination with results of previous and planned drilling at the Cliff Creek, Dukes Ridge and Phoenix mineralized zones, is leading to a significant increase in the existing estimate of mineral resources at the Lawyers Project.  Previously described as discreet mineralized zones, evidence is growing to suggest that these zones may be interconnected with continuous mineralization over a 3-plus-km strike length, representing the heart of a mineral resource with significant potential for expansion along the major NW-SE oriented Lawyers trend”

Most Popular Recent BMR Posts

Video: How This Innovative Junior Is Winning The “Battery Arms Race” In Northern Ontario

“The Enemies Of Progress, The Radical Environmentalists, Are Ramping Up For A War In The Woods”

Why Are These People Smiling? – Their Stock Has Tanked 80%!

Turbocharged Nickel

Commodity Check!

The Template For The Next 10% Stake In Garibaldi Resources

Thunder In The Corridor!

The Nickel Mountain Magma Highway

Two Big Plays Emerge in B.C., Setting The Stage For A Summer To Remember

How To Bring A Junior Resource Market To Life!

The Dramatic New Chase For A Nickel-Copper-Rich Massive Sulphide Deposit In The Heart Of A Famous Gold Camp

Northern Ontario Cobalt Junior Attracts Interest From Metal Trading Companies

The Most Important Venture Development Since The New Bull Market Began

BMR Morning Alert!

You need to be logged in to view this content. Please . Not a Member? Join Us
« Newer PostsOlder Posts »
  • All Posts: