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December 18, 2019

7 @ 7:00

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

1. Gold has traded between $1,470 and $1,480 so far today…as of 7:00 am Pacific the yellow metal is off $2 an ounce at $1,474Gold is on track for its biggest annual gain since 2010, bolstered by multiple factors including interest rates cuts by major central banks…Silver has slipped 6 cents to $16.92…Copper is down 2 pennies at $2.78…Nickel is unchanged at $6.31 while Zinc is up 2 pennies at $1.05Crude Oil (WTI) has retreated 44 cents a barrel to $60.50 while the U.S. Dollar Index has gained more than one-fifth of a point at 97.36strong reads on the U.S. economy have researchers at mortgage giant Fannie Mae revising their 2020 housing forecast much higher…Fannie Mae’s Economic and Strategic Research Group predicts builders will expand production more than previously expected, due to a strong labor market and robust consumer spending…low mortgage rates will also help…

2. BMO Capital Markets looks for Gold to benefit from loose central-bank monetary policy in 2020, allowing the metal to post an average price of $1,500 an ounce…the “vast majority” of Gold producers should be profitable at these prices, BMO added in an outlook report released this morning…they’re also calling for Silver to average $18.20 an ounce…“With inflation stubbornly low and surprisingly well correlated across global economies, monetary policy looks set to remain loose through 2020 – indeed the bias of risk is for further cuts.  This will keep macro asset allocation supporting Gold and precious-metals markets.  However, in our view, 2020 is more likely to be a year of consolidation than aggressive upside for Gold and Silver price.  For Gold to push out the top of its current range would likely require significant portfolio rotation, most likely at a time of emerging-market panic or equity market sell-off.  For a downside breakout, this would involve a significant risk-on rally for which Gold would be the funding source”

3. Ahead of a House vote that’s expected to impeach President Trump, in a move Democrats will surely regret next November, a new CNBC All-America Economic Survey shows that the President’s economic approval numbers have surged to their highest in a year…Trump’s net economic approval rating swung from minus 8% in September (the first negative of his Presidency) to plus 9%, a massive 17-point move for the series…

4. Marathon Gold (MOZ, TSX) has delivered encouraging results from drilling at the under-explored Sprite zone, 3 to 5 km northeast of its Leprechaun deposit at its Valentine Gold Project in central Newfoundland…multiple holes returned high-grade values including 7.6 g/t Au over 22 m (VL-19786), 10.4 g/t Au over 5 m (VL-19776) and 9.7 g/t over 6 m (VL-19778)…Matt Manson, President & CEO commented, “We are encouraged by these exploration results from an area of the Sprite Zone that was last explored with drilling in 2014 and 2018.  The new drill holes were designed to step out from areas of previously identified mineralisation.  About half hit new mineralization, some significantly so.  Of note, the drilling has confirmed a new ‘Main Zone’ type sequence of stacked, en-echelon quartz-tourmaline-pyrite veining with significant Gold grades at Section 13410E.  This new zone is located proximal to the Valentine Lake Shear Zone, extends to a depth of at least 250 m with an apparent thickness of up to 50 m and is bounded by mafic dikes.  This is similar to the geological setting of the Main Zones of both the Leprechaun and Marathon Deposits.  Hole VL-19786, which returned 7.60 g/t over 22 m, represents a 300 m step-out to the northeast, suggesting potential extension of the mineralization along strike.  We expect that Sprite, and this new discovery area in particular, will be a priority for follow up drilling in our 2020 exploration program”MOZ is up a penny at $1.65 as of 7:00 am Pacific

5. The Dow is up 23 points through the first 30 minutes of trading as U.S. markets aim for their 6th straight winning session…the S&P 500 and NASDAQ once again hit intra-day all-time highs in early trading…in Toronto, the TSX has retreated 55 points…the Gold Index is steady at 245 and remains on pace for a major breakout through 250 by month-end…total expected exploration expenditure in Canada in 2019 is expected to be down about 6% to $2.3 billion compared to the year prior, according to data from Natural Resources CanadaSilverCrest Metals (SIL, TSX) has closed a $92 million bought deal financing including a $12 million over-allotment option exercised in full…Skeena Resources (SKE, TSX-V) has bounced higher after announcing that it has hit 1,131.9 g/t Au over 1.5 m (36.4 oz/ton), including 3,390 g/t over 0.5 m, from 249.6 m depth in new footwall mineralization at the past producing Snip mine in the Eskay Camp…another drill hole also intersected 7.4 g/t Au over 6.65 m starting at a depth of just 41 m…key resistance for SKE is in the mid-60’sCanada Cobalt (CCW, TSX-V), enjoying a breakout week, has retreated 2 pennies to 51 cents…however, with the drill turning at Castle East, and initial assay results expected imminently from the first wedge hole that hit massive Silver mineralization at the Robinson Zone Discovery, any weakness is an accumulation opportunity as the 200-day SMA also starts to reverse to the upside…Balmoral Resources (BAR, TSX) has hit a new 2019 high of 38 cents…

6. A supply crunch is coming and this will cause commodities to skyrocket in 2020, according to Frank Holmes, CEO of U.S. Global Investors“This theme of ESG, environmental, social governance, is driving everything and it’s going to harm exploration.  We’re going to see a supply-side restriction but people are going to have babies and the world is going to chug along and grow, but the commodities aren’t going to be there,” Holmes said, adding that a huge price rally would follow…on equities, Holmes says U.S. markets may still be the best option for stocks…“I don’t think (stock markets) are frothy and I don’t think there are many other places to go, and I think that what you have to recognize is that some of these other central banks like Switzerland are printing money out of the thin air,” he said…Holmes noted that today’s macroeconomic environment requires investors to continue to hold Gold“You have to have Gold because there are going to be imbalances with currencies back and forth and China and India, 30 years ago, were 10% of the global consumption of Gold, but today they are 50% of the consumption of Gold and that’s correlated to rising GDP per capita”

7. Five of the world’s largest tech companies have been accused of being complicit in the death of children in the Democratic Republic of Congo forced to mine Cobalt in a landmark lawsuit…the legal complaint on behalf of 14 families from Congo was filed a few days ago by International Rights Advocates, a U.S.-based human rights non-profit, against Tesla, Apple, Alphabet, Microsoft and Dell Technologies…the companies were part of a system of forced labor that the families claimed led to the death and serious injury of their children, it said…this marks the first time the tech industry jointly has faced legal action over the source of its Cobalt…images in the court documents, filed in U.S. District Court in Washington D.C., showed children with disfigured or missing limbs…6 of the 14 children in the case were killed in tunnel collapses, and the others suffered life-altering injuries, including paralysis, according to the complaint…“These companies – the richest companies in the world, these fancy gadget-making companies – have allowed children to be maimed and killed to get their cheap Cobalt,” Terrence Collingsworth, an attorney representing the families, told Reuters

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BMR Morning Alert!

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December 17, 2019

7 @ 7:00

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

1. Gold has traded between $1,474 and $1,481 so far today…as of 7:00 am Pacific the yellow metal is unchanged at $1,476Gold’s nearest resistance is in the high $1,480’s followed by $1,500Silver is off a penny at $17.01…Nickel is 2 cents lower at $6.35, Copper is flat at $2.80 while Zinc is a penny higher a $1.04…U.S. investment bank Morgan Stanley is building up its base metals trading business after abandoning it 4 years ago, according to a Reuters report this morning…the move comes as rising volumes and volatility in industrial metals have boosted revenues for investment banks after years of lackluster market conditions…Crude Oil (WTI) is trying to gain traction above $60 a barrel…it’s up 44 cents to $60.65…the U.S. Dollar Index has rebounded one-fifth of a point to 97.20…on the data front this morning, U.S. manufacturing output rebounded more than expected in November…a just-released Bank of America survey among fund managers shows cash allocations have fallen to 4.2% of portfolios, the lowest level since March 2013BofA’s “Bull and Bear” reading rose to its most bullish level since April 2018…also, the global economic backdrop no longer looks so scary – a net 29% of those surveyed see growth improving over the next 12 months, a dramatic turnaround from a net minus 50% in June and a record swing for a 2-month period…a net 68% say a recession is unlikely in 2020, which is the biggest 2-month swing back to May 2009 just as the Great Recession was coming to an end…respondents reported being a net 31% overweight, the highest level of the year, though the allocation level is just above its long-term average, indicating that sentiment has not gotten overheated yet…

2. Scarce Palladium briefly breached the $2,000 an ounce level for the first time this morning, before correcting, as a Phase 1 U.S.-China trade deal drives prospects of a pick-up in demand in 2020…Palladium touched $2,006 before reversing in a much-needed pullback to unwind temporarily overbought technical conditions…it’s now off $44 an ounce at $1,916“Supply is tight in the Palladium market and when you’re adding the speculation about a potential pick-up in demand due to recovery in the global economy, you have a perfect storm of bullish news continuing to keep it supported,” Saxo Bank analyst Ole Hansen said…however, he added, “Liquidity is poor, which means that a correction can be quite brutal and could take Palladium back down towards $1,850″Palladium, used mainly in vehicle catalytic converters, has gained more than 50% this year because of a sustained supply crunch…

3. Canadians have put amateurs in charge of their hard-earned tax dollars in Ottawa: Less than 2 months after getting re-elected with a minority government, propped up the even more economically illiterate NDP and Bloc, the Trudeau Liberals admitted yesterday that Canada’s federal budget deficit will be billions of dollars deeper than it was supposed to be this year and next, according to Finance Department figures…the budget is now so stained with red ink, with little to show for it, that it’ll likely increase pressure on the Bank of Canada to lower interest rates, especially in the event of a downtown…the projected deficit of $19.8 billion for the 12-month period that ends in March is now slated to hit $26.6 billion…that’s a $7 billion miss and it comes with investment and growth statistics that lag far behind those in the United States under Trump administration policies….Canada’s federal government is smothering the private sector, harming the resource sector and driving investment dollars to the U.S. and elsewhere…perhaps the most dispiriting graph in the new fiscal update charts real business investment…it shows that investment in Canada has fallen 10% in the past 4 years, even as business spending in competitor countries like the U.S., the U.K. and Germany has risen by a similar amount…the Trudeau budget deficit – just like like his father’s – is also structural and that means it’ll get much worse in the event of a significant Canada-made economic downtown that may already have started…

4. Great Bear Resources (GBR, TSX-V) continues to deliver impressive high-grade intercepts in its fully financed 200,000-m drill program at its 100%-owned Dixie Project in the Red Lake district of Ontario…highlights of yesterday’s fresh results from along the LP fault target included 16.8 g/t over 4.15 m (55 m to 59.15 m) in the new Gap zone, located between the Bear-Rimini and Yuma zones, and 48.7 g/t Au over 8.7 m (251.6 m to 260.3 m), including 241.9 g/t over 1.2 m, in the Auro zone…President and CEO Chris Taylor stated, “With the discovery of high-grade Gold mineralization in the new Gap area, the last significant undrilled segment of the LP fault between the Bear-Rimini and Viggo zones is being successfully filled. Remarkably, all (100%) of the drill holes completed into the LP fault structure to date have intersected similar Gold mineralization and host geology.  Results continue to support continuity of Gold mineralization along more than 4 km, which remains open along strike and at depth.  Our drilling strategy for 2020 is 3-fold: 1) We plan to continue the discovery process through drill testing of new targets across the project; 2) We plan to continue significant step-out drilling over 12 km of the 18-km LP fault; and 3) We will undertake concurrent closely spaced drilling in areas where we have already successfully intersected GoldGBR has jumped another 23 cents to $8.05 as of 7:00 am Pacific

5. The Dow is up slightly through the first 30 minutes of trading…U.S. markets hit fresh record highs this morning and are aiming for their 5th straight winning session as a so-called Phase 1 trade deal between China and the U.S. clears the path higher for stocks to end a banner year…in Toronto, the TSX is up 8 points with the Gold Index steady at 247Kirkland Lake Gold (KL, TSX; NYSE) has announced that it will pay a quarterly dividend of 6 U.S. cents per common share on January 13, 2020 to shareholders of record as of the close of business on December 31…the 6-cent U.S. per common share payment is 50% higher than the previous quarterly dividend payment of 4 U.S. cents per common share paid in mid-October and represents the 11th quarterly dividend payment made to shareholders following the company’s adoption of a dividend policy in March 2017…Matt Halliday, who has come over from Kirkland Lake Gold where he was a resource geologist, has officially started as Canada Cobalt’s (CCW, TSX-V) VP-Exploration in the midst of an exciting new discovery at CCW’s Castle Property in the Gowganda Camp…“In a past producing Camp like this, there’s no reason why there can’t be a 4th, 5th or 6th deposit,” explained Halliday…“I couldn’t be more excited about this unique opportunity.  And it’s not just about high-grade Silver and Cobalt.  We’re looking at something on the Gold side as well”…rush assays from the first wedge hole completed at the Robinson Zone Discovery (massive native Silver) are imminent as drilling of new holes from surface ramps up into Christmas…crews will have a very short holiday break before drilling resumes during the 1st week of January…much more is also on Halliday’s plate including underground drilling at the Castle mine and the PolyMet acquisition deal, expected to close any day now…CCW has hit 54 cents in early trading as it approaches a new 52-week high…Balmoral Resources (BAR, TSX) is raising another $4.5 million in a Quebec flow-through PP at 51 cents per share…BAR is up 1.5 cents at 35 cents…neighbor Wallbridge Mining (WM, TSX) has added a penny to 84 cents…key resistance for WM is in the low-to-mid 80’sScore Media & Gaming (SCR, TSX-V), also looking strong going into year-end, is up 4 pennies at 73 cents in early trading…

6. Seabridge Gold (SEA, TSX) announced this morning that its search for large new porphyry targets within the KSM mining district has identified 4 prospects with signatures matching the established deposits where reserves and resources have been delineated…these new targets are under the Sulphurets Thrust Fault (STF) and are therefore ‘blind’, unlike the known deposits which were exposed at surface by erosion…notably, the company is inviting a new player(s) into the Eskay Camp to pursue these targets…Seabridge Chairman and CEO Rudi Fronk explained, “These are not targets we intend to drill any time soon.  We think this data will be valuable to a joint venture partner.  We had 3 objectives: 1) Use our extensive array of knowledge accumulated over the past decade to demonstrate that we have not exhausted the exploration potential for KSM; 2) Assess the exploration potential of areas currently proposed project infrastructure; and 3) Better define the characterization of waste materials.  We believe these new targets could contribute to the multi-generational life of the KSM Mining District while the data we generated also provides insights to help optimize site development”

7. Like Barrick (ABX, TSX; GOLD, NYSE) before it, Newmont Goldcorp (NGT, TSX; NEM, NYSE) has exited Kalgoorlie Consolidated Gold Mines (KCGM) and sold its 50% stake to Australia’s Northern Star Resources (NST, ASX)…Barrick dropped its 50% stake in Kalgoorlie in August, netting $750 million for half of the mine…Newmont has been shedding assets to streamline operations while also using its bigger piles of cash to buy back its shares…“Combined with the previously announced agreements to sell Red Lake in Canada for $375 million and Newmont’s stake in Continental Gold for $260 million, the company has meaningfully exceeded market expectations, with more than $1.4 billion in fair value cash transactions announced over the past month,” stated President and CEO Tom Palmer…“Building on Newmont’s recently announced $1 billion share repurchase program, Northern Star’s all-cash offer supports Newmont’s disciplined approach to capital allocation, which includes strategically reinvesting in the business, strengthening the company’s investment-grade balance sheet and returning capital to shareholders.  The sale of KCGM also further streamlines Newmont’s portfolio, with 12 top-tier assets located on 4 continents in the world’s most favorable Gold mining jurisdictions”

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December 16, 2019

BMR Evening Alert!

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7 @ 7:00

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1. Gold has traded between $1,474 and $1,481 so far today…as of 7:00 am Pacific the yellow metal is up $an ounce at $1,478Gold’s nearest resistance is in the high $1,480’s followed by $1,500Gold equities continue to point to higher Gold prices going into year-end…since December 3, the yellow metal has briefly traded above resistance at its 50-day moving average in the upper $1,480’s on only a couple of occasions and has closed below that SMA for the last 9 trading days…Goldman Sachs correctly describes Gold as “resilient”, commenting: “In our view, this is due to support from a weaker dollar as well as persistent concerns over late-cycle low global growth.  Political risks also remain elevated with U.S. election next year and trade disputes not yet fully settled.  Further, the demand from central banks remains strong, driven by de-dollarization, and is on course for 750t (tons) which represents 22% of global supplies, the highest since the Nixon era”Silver is up 7 cents at $16.99…Palladium continues to run, up another $34 an ounce at $1,949…Copper and Nickel have both added 3 cents to $2.80 and $6.35, respectively, while Zinc is a penny higher at $1.03…it has been over a decade since the U.S. opened a new Copper mine…Nevada Copper (NCU, TSX) announced this morning that its Pumpkin Hollow operation is now processing Copper out of its underground mine near Yerington, Nevada…expected production is 65 million pounds of annual Copper equivalent…Crude Oil (WTI) remains slightly above $60 a barrel, up 12 cents at $60.19, while the struggling Dollar Index is off marginally at 97.10...more encouraging U.S. economic figures released this morning…data from IHS Markit shows that U.S. business activity hit a 5-month high in December, while U.S. homebuilder confidence has jumped to its best level in 20 years…

2. The pickup in China’s economy in November adds to the optimism from the trade deal announced late last week, though plenty of downside risks remain as the nation heads into 2020…industrial output and private consumption were both much stronger than expected, with production jumping 6.2% from a year earlier and retail sales climbing 8%, data released today showed…at the same time, fixed-asset investment in the first 11 months of this year grew at 5.2%, the slowest pace since at least 1998…if the trade deal is signed early next year as the U.S. has indicated and tariffs on some Chinese goods are lifted, it would go some way to dispel some of the uncertainty that has been hanging over the economy…domestically, policy makers still face questions about the sustainability of debt and rising defaults, but the government has emphasized policy stability and there is little chance of a change until at least March next year when authorities meet to approve 2020’s broad policy guidelines…economists from UBS AG and Oxford Economics Ltd. have upgraded their forecast for China’s GDP growth in 2020 to 6% from 5.7% after the Phase 1 trade deal was announced, while saying uncertainties will linger…

3. Canada’s Equinox Gold (EQX, TSX) is buying rival Leagold Mining (LMC, TSX) for $769.3 million (CND) in an all-stock transaction, the latest consolidation in the industry that has seen deals worth more than $30 billion (U.S.) so far this year…the offer, which implies a no-premium consideration of $2.70 per share, will create one of the world’s largest Gold companies operating entirely in the Americas…the combined entity, which is forecast to have Gold production of 700,000 ounces in 2020, increasing to 1 million ounces annualized production during 2021 and beyond, will continue as Equinox Gold and be headquartered in Vancouver…Equinox will have a diversified operating platform with 6 operating mines in the United States, Mexico and Brazil…the deal comes concurrently with a $670 million (U.S.) financing package – an at-the-market $40 million equity investment from Ross Beaty, a new $130 million convertible debenture issued to Mubadla Investment Company, and $500 million in underwritten commitments from a syndicate of lenders to refinance existing credit facilities…the board of directors, led by Beaty as Chairman, will have 8 members, 4 from each company…the management team will be led by Neil Woodyer as CEO…Leagold shareholders will receive 0.331 of an Equinox Gold share for each Leagold share held…this implies at-market consideration of $2.70 per Leagold common share, using closing prices for both Equinox and Leagold common shares on the TSX last Friday…at closing, existing Equinox and Leagold shareholders will own approximately 55% and 45% of the merged company, respectively, on an issued share basis…Ross Beaty stated, “In addition to having strong financial and operating metrics, our large scale will provide improved liquidity, greater asset and country diversification and a lower-risk profile for all shareholders.  This is the kind of Gold company investors want today and I’m very pleased we are combining forces to achieve it”

4. The Dow is up 163 points through the first 30 minutes of trading…U.S. markets hit fresh record highs this morning and are on pace for their 4th straight winning session as a so-called Phase 1 trade deal between China and the U.S. clears the path higher for stocks to end a banner year…in Toronto, the TSX is up 48 points with the Gold Index off slightly at 250Yamana Gold (YRI, TSX; AUY, NYSE) has increased its dividend again…all technical indicators suggest the Gold Index will soon break out powerfully from that key resistance level…the Venture is 2 points higher at 542 as it begins to push through the important 540 area…Great Bear Resources (GBR, TSX-V) was halted pre-market, pending news…Canada Cobalt (CCW, TSX-V) is charging toward a new 52-week high after drilling into spectacular visual mineralization (native Silver plus Cobalt) just 750 m east of the old workings of the Siscoe (O’Brien) mine that churned out 41 million ounces of rich Silver in Northern Ontario’s prolific Gowganda Camp…drilling continues and rush assays from the first hole are possible later this week or immediately prior to Christmas…oldtimers, focused on the low-hanging fruit at the Castle, Capitol and Siscoe mines on the western margin of the Nipissing diabase, may have missed the “motherlode” in this Camp less than 1 km to the under-explored east…one only has to look at the Macassa Gold mine at Kirkland Lake, just an hour’s drive from Gowganda, as an example of such a near miss…Macassa was mined for 7 decades before the very rich South Mine Complex was first discovered a short distance away in 2005…as the saying goes, the best place to find a new mine is near an old mine…CCW’s find could be the most significant grassroots discovery in the Northern Ontario Silver-Cobalt District in 4 decades…CCW is also on the verge of closing its acquisition of the PolyMet processing facility in the town of Cobalt…the stock is up 4 pennies at 48 cents in early trading, a fresh 9-month high as it breaks out above the low-to-mid-40’sMosolf SE & Co. AG, a significant European dealer of DynaCERT (DYA, TSX-V), is making a strong and strategic financial commitment to the company with the expansion of dealer operations across Germany and neighbouring European countries…as well, Dr. Joerg Mosolf, President and CEO of MOSOLF, has made an additional personal equity investment of $1 millionDYA, which got a big endorsement recently from Eric Sprott, is up 2 pennies at 54 cents…

5. Balmoral Resources (BAR, TSX) has commenced its largest ground geophysical survey in several years, targeting the Area 51 Gold system on its wholly-owned Fenelon Property in Quebec…Fenelon forms part of the company’s district-scale Detour Gold Trend Project…the IP survey now in progress will provide first-pass coverage of the untested Area 50 and Area 51 West exploration targets…it will also add to the existing IP coverage of the Area 52 target…the latter target area has been confirmed to host both the southern continuation of the Area 51 Gold system and Balmoral’s recent Ripley Zone Gold discovery…in total, Balmoral plans to complete a minimum of 46 line km of surveying…results from the initial phase of IP work at Area 52 proved effective for targeting both Area 51-style sulphide-rich and more “classic” shear zone hosted Gold mineralization, as evidenced by the Ripley discovery…BAR is up 2 pennies at 34.5 cents through the first 30 minutes of trading…key resistance is in the mid-30’s

6. Infill drilling at Osisko Mining’s (OSK, TSX) Lynx deposit has returned the highest-grade metal factor (grade x length) result intersected at Windfall to date of 1,475 g/t Au over 4.6 m in hole OSK-W-191731-W2...this hole is 50 m up plunge of OSK-W-192069-W2 (161 g/t Au over 8 m as reported Nov. 25) and confirms the high-grade continuity in the Lynx 313 wireframe…the zone remains open down plunge and definition drilling will continue to pursue the open areas…the program is currently focused on infill and expansion drilling at the Lynx deposit, exploration on the main mineralized zones, and deep exploration in the central areas of the mineralized intrusive system…21 drills are active at Lynx and Triple Lynx, with another 3 drills conducting infill and exploration drilling on other areas of the deposit…President and CEO John Burzynski commented, “Today’s very impressive results again underscore that Lynx is a well-mineralized part of the Windfall system.  Lynx, discovered by Osisko in late 2016, is shaping up to be one of the best new Gold discoveries in a long time in Eastern Canada.  The recently announced Lynx bulk sample results and our infill drill program are demonstrating the strong continuity of grade inside the known mineralized zones, which remain open down plunge.  Our exploration team is excited by the continuing potential of what we feel is an emerging world-class high-grade Gold deposit”OSK is up 21 cents at $3.70 as of 7:00 am Pacific

7. Paradigm Capital analyst David Davidson has commenced coverage of GT Gold (GTT, TSX-V) with a “speculative buy” rating and $2.10 share target…Davidson stated in a note, “With investors refraining from capital investment in low-moderate grade copper projects owing to fear of capital overruns and weak commodity prices, GT Gold offers a high-grade, high-quality project that we expect will offer profitable economics, regardless of the timing of the commodity cycle.  We see optionality at Tatogga, which has the option to develop as an open pit, underground or a combination of both – the project could initially be developed as a small-scale open pit (and therefore smaller capex investment) if the commodity price down cycle persists, owing to current resource estimates of +1% CuEq.  In the event of a commodity price upturn, the project offers several sources of expansion potential through unlocking deeper mineralization, lower-grade ore or expansion at different zones – specifically, Saddle North is GTT’s top priority, followed by Saddle South and the new target at Quash Pass”

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December 15, 2019

Sunday Sizzler Report!

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Daniel’s Den

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The Week In Review And A Look Ahead!

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