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

1. Spot Gold has traded between $1,739 and $1,754 so far today…as of 7:00 am Pacific the yellow metal is up $3 an ounce at $1,748…Silver, continuing to outpace Gold, has added another 19 cents to $17.53 to extend its gains for the month to 17.5% vs. a 3.7% advance for Gold…this has brought the Gold-Silver ratio to its lowest level in more than 2 months, though it’s still historically very high at 99.7 (long-term average is 60)…the Gold-Silver ratio 600-day moving average, a key technical tracker, is currently 88…Palladium is back above $2,000 an ounce, up $95 at $2,066…Copper, Nickel and Zinc are relatively unchanged at $2.41, $5.56 and 91 cents, respectively, while the U.S. Dollar Index has slipped one-quarter of a point to 99.14…Crude Oil continues to firm, up another $1.23 a barrel to $33.29…data from the U.S. Energy Information Administration, released moments ago, showed that Crude inventory for the week ending May 15 dropped by 5 million barrels…according to estimates from FactSet, analysts had been expecting a build of 1.8 million barrels…“Fundamentals in the market are improving, thanks to supply cuts and recovering demand,” ING said in a note…the UK has sold bonds with a negative yield for the first time after a drop in inflation highlighted how the Bank of England may need to take further steps to revive price growth back to its 2% target…President Trump announced an executive order yesterday that aims to make hundreds of deregulations in the age of coronavirus permanent, something that would amount to a massive overhaul of regulatory policy…acting Office of Management and Budget Director Russ Vought told Fox Business, “If a bureaucratic rule needs to be suspended during a time of crisis to help the American people, we should ask ourselves if it makes sense to keep at all. Typically when our country has faced a crisis, Washington responds by grabbing more power. President Trump understands that to get the economy moving, the power needs to be given back to the people and entrepreneur”…more help will be needed both from the Federal Reserve and Congress to get the U.S. economy through its current slump, Dallas Fed President Robert Kaplan told CNBC on “Squawk Box” this morning…at least some of that aid likely will need to go to state and local governments, which have been hampered by lost revenue during the pandemic…his comments reflect those of Fed Chairman Jerome Powell, who told a Senate panel yesterday that governments that are required to balance their budgets likely will need additional aid to survive without have to resort to mass layoffs…

2. The Trump administration is exploring ways to crack down on fraud by Chinese companies listed on U.S. exchanges as tension increases between the 2 countries over the Wuhan COVID-19 pandemic…hundreds of Chinese firms not subject to the same investor protections as U.S. firms have listed on American stock exchanges over the past decade, resulting in billions of dollars of investor losses, administration officials say…“We have learned that Chinese companies are not transparent,” Larry Kudlow, director of the National Economic Council, told FOX Business’ Maria Bartiromo…“A lot of these companies, by the way, have already had scandals and cost investors a lot of money”…there were 156 Chinese companies listed on U.S. Exchanges worth $1.2 trillion as of February 25, according to the U.S.-China Economic and Security Review Commission…notably, Chinese companies listed in the U.S. and elsewhere outside mainland China are exclusively subject to the jurisdiction of the China Securities Regulatory Commission and, as a matter of course, prohibited from cooperating with investigations by foreign regulators…that includes examinations by the Public Company Accounting Oversight Board, a nonprofit created by Congress to oversee audits of publicly-traded businesses after high-profile accounting scandals at firms from Enron to WorldCom in the early 2000’s…Carson Block, short-seller and founder of Muddy Waters Research, has been studying the space for 10 years and believes the “substantial majority of companies” from mainland China listed on U.S. exchanges are “committing some degree of fraud”…Block said a Chinese company that makes up 20% to 30% of its revenue through fraud is “considered a real company”...most “wouldn’t have been able to raise venture capital without the ability and willingness to commit fraud. The problem here is that if you’re a PRC national, then you have nothing to lose by trying to defraud U.S. investors,” he added…“If it works out well, you’ll make tens, hundreds of millions of dollars. And if it doesn’t work well, you know, there’s nothing they can do to you”…

3. Wallbridge Mining (WM, TSX), gaining traction above $1 a share, released more high-grade drill results from Fenelon this morning (2 separate news releases covering different areas of the property), including 56 m grading 4.8 g/t Au (FA-20–128), 19.15 m @ 8.4 g/t Au (FA-20–134), 8.50 m @ 9.76 g/t Au (FA-20–116), and 6 m @ 16.9 g/t Au (FA-20–123) in widely-spaced step-out holes to expand mineralization at Tabasco-Ceyenne (true widths of intercepts estimated at 50% to 80%)…the shear zones remain open to depth and along strike, and drilling has resumed following the March-April interruption due to COVID-19…“We are seeing impressive intersections in the western and eastern ends of the so far tested 500 to 600-m strike length of the Tabasco system and are defining a shallow westerly plunge to the wider Gold-rich core of the zone,” stated Attila Pentek, VP-Exploration Exploration of Wallbridge…“The intersections on sections 9975-E and 10350-E significantly expand the known extent of the Tabasco shear system and our next drill holes will continue to test the limits of this extensive shear zone system, which remains open in all directions. When we suspended drilling due to COVID-19, hole FA-20-133 was just metres away from reaching the target depth of the Tabasco zone. In addition, the already significant intersection in FA-20–134 still has some assays pending due to delays in processing related to the suspension of activities”…WM is up a nickel at $1.09 as of 7:00 am Pacific…

4. The Dow has rebounded 331 points as of 7:00 am Pacific after yesterday’s pullback…in Toronto, the TSX is up 112 points while the red-hot Venture has jumped another 5 points to 533 as it gains traction above its 200-day SMA…several significant financings in the Gold sector have been announced in the last 24 hours…Marathon Gold (MOZ, TSX) has arranged a $30 million bought deal at $1.50 per share, including a half warrant…Pure Gold (PGM, TSX) is raising $15 million through the issuance of 9.9 million charity flow-through shares at $1.52 per share…Eric Sprott, already an investor in PGM, has agreed to be the back-end buyer of all the flow-through shares…Sprott is also adding to his position in Amex Exploration (AMX, TSX-V) which is raising $9 million in a bought deal flow-through at $2.52 per share (includes a half warrant at $2.10)…Seabridge Gold (SEA, TSX) has announced a $9.9 million bought deal of 300,000 flow through shares at $32.94 per share…Melikor Resources (MKR, TSX-V), which quadrupled in value over 10 sessions, has announced a strategic partnership with Kirkland Lake Gold (KL, TSX, NYSE)…Kirkland Lake is investing $1,000,000 in Melikor through a private placement at 80 cents per unit…in addition, the parties have entered into a non-binding term sheet pursuant to which Kirkland may acquire on option on the company’s Carscallen Property, 25 km west of Timmins…KL would have the right to earn up to a 50% interest in the property over a 5-year period upon incurring certain exploration expenditures…KL would retain the right to acquire an additional 25% interest in the property over a subsequent 5-year period upon incurring additional exploration expenditures…

5. K92 Mining (KNT, TSX-V) has significantly increased global resources at its Kainantu Gold mine in Papua New Guinea…the new estimate is based on surface and underground exploration diamond rilling as well as underground face sampling (grade control)…the Measured and Indicated resource is now 1.1 million ounces (3.13 million tonnes @ 10.45 g/t AuEq, representing a 180% increase from the previous estimate of 390,000 AuEq ounces in October 2018)…Inferred resources are now 3.7 million ounces (12.67 million tonnes @ 9 g/t AuEq, representing a better than 50% increase from the previous estimate of 2.39 million ounces AuEq)…the Kora, Kora North and Eutompi deposits are now combined and shown to be 1 continuous deposit, open at depth and open along strike to the south…the Kainantu vein field has numerous opportunities to expand resources from near-mine high-priority exploration areas including the Kora strike extension, Kora deeps, Kora and Judd South veins, Judd vein, Karempe vein, and Arakompa and Maniape…CEO John Lewins stated, “In 18 months of underground and surface drilling, K92 has significantly increased our resource at Kora and at a very low discovery cost of less than $5 (U.S.) per oz. The resource estimate has also demonstrated Kora’s significant high-grade operational flexibility going forward, with moderate reductions in overall ounces, and significant increases in grade at increasing cut-off grades. Going forward, there remains tremendous potential to increase resources at Kainantu. At Kora, approximately 75% of the originally planned 1,000 m by 1,000 m target area was drilled for this resource. The remaining drill target area is highly prospective and continuing exploration drilling from underground has already shown continuity of mineralization into this area. In addition, there are also multiple high priority near-mine targets that are planned to be drilled this year. With the resource significantly increased, we are working on a Preliminary Economic Assessment for the next potential production expansion phase – Stage 3. This work had commenced prior to the completion of the updated Kora Resource Estimate and we look forward to announce the results near-term”…KNT is up 14 cents at $4.22 as of 7:00 am Pacific…

6. Exploration excitement is ramping up in Northern Ontario…in addition to Canada Silver Cobalt’s (CCW, TSX-V) high-grade Silver discovery at Castle East (plus Gold potential) which is about to move into a new phase, GFG Resources (GFG, TSX-V) recently cut 71.3 g/t Au over an 8.5-m core length at a vertical depth of approximately 50 m below surface for a new grassroots discovery (drawing in Alamos Gold as a major investor) at its Pen Project immediately west of Timmins and approximately 100 km northwest of Castle…near GFG’s Project, Melikor Resources has been drilling into high-grade Gold at its Carscellan Project (CAR-20–05 intersected 25.7 g/t Au over 6 m), attracting interest from Kirkland Lake Gold as mentioned above…meanwhile, near Thunder Bay, Northern Ontario’s emerging PGM district is about to garner a lot more attention as Clean Air Metals (AIR, TSX-V) gets set to commence trading “on or about” this coming Friday according to the Venture Exchange…Clean Air will have a war chest of approximately $15 million, some of which came from Eric Sprott, to tackle the highly prospective Escape Lake and Thunder Bay North Projects southeast of the Lac des Iles Palladium mine now owned by Impala Platinum (IMP, JSE)…Jim Gallagher, former CEO of North American Palladium (bought out by Impala) and executive chairman-designate of Clean Air, stated, “The recent acquisition of the Lac des Iles mine by Impala Platinum underscores the globally recognized significance of the PGE-rich Thunder Bay North region. Clean Air Metals has consolidated 2 prospective PGE properties with a significant amount of historical exploration drilling with some impressive PGE-Ni-Cu intercepts in North America and is focused on expanding these results”…with Palladium trading near $2,000 an ounce, and Sprott involved, investor interest in Clean Air is expected to be high…direct beneficiaries should be Benton Resources (BEX, TSX-V), which holds 25 million shares (19.7%) of Clean Air, and Transition Metals (XTM, TSX-V) which owns 100% of the Saturday Night Project and 25% of the more advanced Sunday Lake Project, both right on trend with Clean Air’s properties….keep in mind, all 4 drill holes into XTM’s Big Red Anomaly at Sunday Lake have hit high-grade PGM mineralization including 41.2 m @ 5.5 g/t PGM and 0.57% Cu…Benton’s market cap is only $10 million while Transition’s is only $8 million (XTM has just 47 million shares outstanding). Both are undervalued. Transition just released more solid results from Sunday Lake and also has a lot of other irons in the fire (high-grade Gold, Copper and Nickel, plus ground immediately next to CCW), in addition to its highly attractive share structure…

7. The “psychedelic space” has come to the Venture: Numinus Wellness (NUMI, TSX-V) begin trading this morning with a nearly $100 million market cap as one of the first in-market, fully integrated companies in the “psychedelic space” in North America…CEO Payton Nyquvest stated, “We are on a mission to help address the universal desire to heal and be well. We are looking for like-minded investors who share our belief that new approaches and new ways of thinking are needed to supplement existing options”…Numinus says it has put a value chain in place comprising 3 pillars that will be key to the company’s growth – 1) Numinus Wellness; 2) Numinus R&D; and 3) Numinus Bioscience…Numinus Wellness plans to offer physical locations where psychedelic-assisted therapies can take place once approved by regulators…the company’s near-term goal is to identify a suitable location and build a purpose-built, flagship wellness centre to conduct psychedelics-assisted therapies in a safe, controlled therapeutic environment when approved by regulators and governing bodies – a process we are helping to support…Numinus Wellness provides a full suite of therapeutic services through a wellness centre in Vancouver; however, psychedelic-assisted therapies are not currently provided…Numinus R&D is creating partnerships with leading research groups to advance practice and understanding in the space…Numinus Bioscience is licensed by Health Canada to test, sell, distribute, and eventually conduct research on psychedelic substances…“We are excited about the future of psychedelics and our focus will solely be on its therapeutic use,” says Nyquvest…“Psychedelics will move forward in a therapeutic and research context, where the application of these substances will only happen in safe, controlled treatment environments. Numinus has these pieces in place today”…the efficacy of psychedelic therapies are gaining attention…Johns Hopkins University recently announced the Center for Psychedelic and Consciousness Research, a first-of-its-kind $17 million research centre designed to study compounds like LSD and psilocybin for a range of mental health problems, including anorexia, addiction and depression…

Rapid Response!

How This Pandemic Will Ultimately Help Copper

Wuhan COVID-19 Virus Update

The Cost Of Doing Business With China (The CCP)

“Silver Lining”: Innovative Vancouver Company Provides Help During Crisis

COVID-19 Update

Smithers Shakes Off Turmoil For A Major 3-Day Event Connecting Hockey And The Resource Sector

Turbocharged Nickel

Commodity Check!

The Nickel Mountain Magma Highway

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

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

1. Gold has traded between $1,726 and $1,743 so far today…as of 7:00 am Pacific the yellow metal is up $6 an ounce at $1,738…the $1,730’s represents key resistance…Silver, this month’s top performing major metal with a current gain of 16.1%, has shot up another 34 cents to $17.31…Copper, Nickel and Zinc are up slightly at $2.40, $5.56 and 91 cents, respectively, while the U.S. Dollar Index has slipped one-tenth of a point to 99.52…there was a sharper-than-expected drop in U.S. housing starts in April, down 30% to a seasonally adjusted rate of 891,000 units vs. a consensus estimate of 950,000 units…the price of a barrel of West Texas Intermediate has topped $30 for the first time since the middle of March on tentative signs that people are starting to drive again amid the Wuhan COVID-19 pandemic…WTI has added $1.33 a barrel this morning to $33.15 after a strong session yesterday…gasoline use in the U.S. has risen by 2 million barrels a day from its bottom in April, according to the Energy Information Administration, though that’s still 2 million barrels below where it was before the pandemic…meanwhile, Validere, a data intelligence firm that advises companies in the energy sector, says traffic volumes in many Asian cities are back to where they were before, especially during weekday commuting times…Biden remains a threat to the Canadian Oil industry: Joe Biden’s campaign promised yesterday to rip up President Trump’s approvals for the Keystone XL pipeline if the former Vice-President wins November’s election…Keystone XL is a 1,900-km heavy-Oil line that would move 830,000 barrels of Alberta bitumen each day to Texas refineries…this is critical for Alberta, the Canadian economy and North American energy security in general…as Vice-President, Biden was a key member of the Obama administration which slow-walked the project throughout Obama’s 2nd term before finally blocking construction outright shortly after Justin Trudeau’s Liberals were elected in 2015…“Stopping Keystone was the right decision then and it’s still the right decision now. In fact, it’s even more important today,” Biden policy director Stef Feldman said in a statement yesterday…Quebec Premier François Legault, who has had the smartest and most aggressive re-opening strategy among Canadian provinces, has announced that Montreal-area businesses and daycares will reopen as planned on May 25 and June 1, respectively, with the daily death toll in the province now at its lowest point since April 12…Montreal has been the major hot-spot for COVID-19 in Canada, but most of the province’s confirmed cases have been confined to long-term care homes (serious problems within the long-term care home structure existed long before COVID-19)…other areas of the province were opened up earlier this month in a targeted approach that other provinces would have been wise to follow…Texas is doing well with its reopening strategy…“Let me tell you what many media outlets will not tell you,” Governor Abbot told Hannity on Fox News last night…“Today, when Texas reopened even more for business, maybe as open as any state in the country, today also was the lowest number of COVID deaths since April 3rd. Yesterday was the lowest number of COVID-related hospitalization since the middle part of April. Texas has a downward trend of those testing positive for COVID-19 as a percent of all the people testing postive. All the trends are going good and Texas is opening up for business. Know this,” the Republican governor added, “as we gather today, according to the Dallas Federal Reserve, Texas has the lowest unemployment rate of any large state in America. And we will be adding more jobs by the day”...the Navajo Nation has surpassed New York and New Jersey for the highest per-capita Wuhan COVID-19 infection rate in the United States (2,304 cases per 100,000 people), according to data from Johns Hopkins University…ironically, the nation has had one of the strictest stay-at-home orders in the country (bad strategy?), mandating that residents not leave their homes unless there is an emergency or they are essential workers…even those who leave home for work must have documentation on company letterhead with a verifiable contact number for a manager in order to go…case numbers have continued to rise, however…m

2. President Trump released a blistering letter late yesterday’s to the head of the World Health Organization (WHO), stating that his administration conducted an investigation that confirmed the health body’s multiple failures in the early stages of the coronavirus outbreak, and warned that his current funding freeze will become permanent if the organization does not make “substantive” improvements within 30 days…“It is clear the repeated missteps by you and your organization in responding to the pandemic have been extremely costly for the world,” he wrote in the letter to Dr. Tedros Adhanom Ghebreyesus…“The only way forward for the World Health Organization is if it can actually demonstrate independence from China”…ample evidence points to how China’s Communist Party leadership downplayed the virus’ threat in December and January, while the country’s death totals were also severely fudged (understated)…Trump announced in April that the U.S. would halt funding to WHO…he said at the time that his administration would undertake a 60-to-90 day investigation into why the “China-centric” WHO had caused “so much death” by “severely mismanaging and covering up” the coronavirus’ spread, including by making the “disastrous” decision to oppose travel restrictions on China…

3. Wallbridge Mining (WM, TSX) has cut 70.8 g/t Au over 5.35 m, 32.3 g/t Au over 7.05 m, and 51.4 g/t Au over 2.1 m (true widths estimated at 50% to 80%) in definition drilling outlining high-grade shoots at shallow depths adjacent to the existing mine workings within the Main Gabbro area at its its 100%-owned Fenelon Property…“In addition to delivering exceptional results, the definition drilling campaign in the Main Gabbro has further defined the near-surface zones immediately surrounding existing infrastructure,” stated Francois Demers, Vice President, Mines & Projects of Wallbridge…”This allows us to advance the mine planning required with the goal of taking the Main Gabbro into production in the future while exploration and expansion of Tabasco and Area 51 continues. Eventual production from the Main Gabbro would likely be the first step as we continue to drive this multi-phase project forward”…meanwhile, results from 5 short exploration drill holes testing the near-surface western extension of the Main Gabbro zones were also announced this morning and include 12.1 g/t Au over 1.90 m (FA-20–112) and 4.4 g/t Au over 1.15 m (FA-20–114) with true widths estimated at 50% to 80%…these intersections are approximately 300 m and 140 m west of the nearest mine workings…drilling has resumed at Fenelon, initially with 4 surface rigs, following the COVID-19 interruption…approximately 26,000 m have been drilled this year and the company estimates completing an additional 50,000 m this year…WM is breaking out to a new all-time high, up a nickel at $1.03 as of 7:00 am Pacific…

4. Amex Exploration (AMX, TSX-V) has cut 5.4 g/t Au over 19.65 m, including 97.6 g/t over 0.70 m and 14.8 g/t over 0.70 m, in the widest intercept drilled to date (true width estimated at 45% to 75%) on the High-Grade zone in the Eastern Gold zone of the company’s Perron Project near Rouyn-Noranda…this was drilled as a wedge off hole PE-20–144 which intersected 9.73 g/t Au over 9.9 m at a vertical depth of ~780 m…the high-grade intercept in the wedge hole was located 30 m vertically above PE-20–144, indicating a possible change in the nature and thickness of the mineralized zone at depth and further to the east…Dr. Jacques Trottier, Executive Chairman of Amex, stated, “Our results indicate the continual expansion of the Eastern Gold zone and Grey Cat zone. We are particularly intrigued and excited by the wide intercept reported in hole PE-20–144W1 due to the identification of a 3rd vein further downhole, which is typically not seen in the HGZ. Orogenic Gold deposits in greenstone belts, such as the Abitibi, often change in widths, metal zonation and structural characteristics with depth. We are excited about the prospect of an increased width at the HGZ and look forward to continuing to test this hypothesis going forward as we drill deeper on the system. In addition, our Grey Cat zone continues to deliver, with several broad near-surface intercepts reported that help to define a continuous lens of Gold mineralization”…AMX is steady at $1.60 in early trading…

5. The Dow has backed off 130 points as of 7:00 am Pacific after yesterday’s nearly 1,000-point climb…Federal Reserve Chairman Jerome Powell and Treasury Secretary Steven Mnuchin are testifying before the Senate Banking, Housing and Urban Affairs Committee today over steps taken to support the economy amid the pandemic…Walmart (WMT, NYSE) says its e-commerce sales grew significantly in Q1 as customers bought groceries, cleaning items and other essentials online during the early stages of the pandemic…the big-box retailers’s e-commerce sales in the U.S. shot up by 74%, and same-store sales grew by 10% in Q1…in Toronto, the TSX is up 222 points while the red-hot Venture has jumped 15 points to 524 as it attempts to conquer its 200-day SMA…Silver stocks are hot…Canada Silver Cobalt (CCW, TSX-V) is up a penny at 54 cents in early trading with a major update pending regarding Castle East, the most significant grassroots native Silver discovery in Northern Ontario in several decades with extremely high grades in vein shoots (70,380 g/t Ag or 2,053 oz/ton over 0.3 m within a broader zone of 1.4 m (core interval) @ 20,136 g/t Ag or 587 oz/ton in last winter’s 2nd wedge hole)…ounces are known to pile up in a hurry in this district in an area where multiple vein shoots are discovered…CCW confirmed a breakout above its 200-day SMA at 43.5 cents last week…3 previous such breakouts since 2017 have been followed by average percentage gains of 154% within 2–3 months…Aurcana (AUN, TSX-V) has jumped 14 cents to 67 cents…Dolly Varden Silver (DV, TSX-V) is 5.5 cents higher at 40 cents…Discovery Metals (DSV, TSX-V), halted late in Friday’s session, has announced a non-brokered private placement to raise up to $25-million through the issuance of up to 45.5 million units at a price of 55 cents per unit (includes half a warrant good for 2 years and exercisable at 77 cents per share)…Eric Sprott is adding to his position in DSV by taking $10 million of the private placement, boosting his position in the company to 24.4%…DSV has added 6 cents to 72 cents…among our favorite Gold plays, Probe Metals (PRB, TSX-V) has broken out above a 4-year consolidation flag and Fib. resistance at $1.20…it’s up 7 cents at $1.32…Pure Gold (PGM, TSX) has surged to a new high and is up 16 cents at $1.20 through the first 30 minutes of trading…Skeena Resources (SKE, TSX-V) is up 2 pennies at $1.16…

6. Corvus Gold (KOR, TSX), which last week announced a new high-grade discovery below its existing Mother Lode deposit in Nevada, announced this morning that it has initiated geophysical surveys throughout the Mother Lode trend to integrate district-scale data into its belt-wide exploration models…the greatly expanded survey as well as other ongoing regional studies and data compilations are designed to effectively and efficiently unlock the significant potential for new discoveries across the belt and throughout the greater Bullfrog Gold District…in addition, Corvus has expanded its land position east of AngloGold Ashanti’s new Silicon discovery and north of a new large claim block recently staked by Kinross Gold…activity in the belt and the Bullfrog District in general is rapidly expanding with new claim staking and new Plan of Operations permits filed for large drilling programs by Corvus, AngloGold Ashanti and Coeur Mining…over the past 2 years, Corvus has successfully defined a new, large and potentially expanding Gold deposit at its Mother Lode Property…this new discovery has recently shown a strong intrusion/structural relationship at depth which is directly related to the overlying sediment hosted Gold deposit…as a result, Corvus believes that the Mother Lode belt may host other related distal higher level epithermal, vein/stockwork mineralization…the large new Central Intrusive Zone (CIZ) discovery below the Mother Lode deposit is in a unique and under-explored geologic setting within a major, past producing Gold mining district…KOR has slipped 12 cents to $3.05 in early trading…

7. Exploration excitement is ramping up in Northern Ontario…we’re all familiar with CCW’s high-grade Silver discovery at Castle East (plus Gold potential) which is about to move into a new phase, and just recently GFG Resources (GFG, TSX-V) cut 71.3 g/t Au over an 8.5-m core length at a vertical depth of approximately 50 m below surface for a new grassroots discovery (drawing in Alamos Gold as a major investor) at its Pen Project immediately west of Timmins and approximately 100 km northwest of Castle…near GFG’s Project, Melikor Resources (MKR, TSX-V) has been drilling into high-grade Gold at its Carscellan Project (CAR-20–05 intersected 25.7 g/t Au over 6 m)…MKR has quadrupled in value over the last 10 sessions, trading at 90 cents Thursday morning before it was halted with more news pending…meanwhile, near Thunder Bay, Northern Ontario’s emerging PGM district is about to garner a lot more attention as Clean Air Metals (AIR, TSX-V) gets set to commence trading “on or about” this coming Friday, May 22, according to the Venture Exchange…Clean Air will have a war chest of approximately $15 million, some of which came from Eric Sprott, to tackle the highly prospective Escape Lake and Thunder Bay North Projects southeast of the Lac des Iles Palladium mine now owned by Impala Platinum (IMP, JSE)…Jim Gallagher, former CEO of North American Palladium (bought out by Impala) and executive chairman-designate of Clean Air, stated, “The recent acquisition of the Lac des Iles mine by Impala Platinum underscores the globally recognized significance of the PGE-rich Thunder Bay North region. Clean Air Metals has consolidated 2 prospective PGE properties with a significant amount of historical exploration drilling with some impressive PGE-Ni-Cu intercepts in North America and is focused on expanding these results”…with Palladium trading near $2,000 an ounce, and Sprott involved, investor interest in Clean Air is expected to be high…direct beneficiaries should be Benton Resources (BEX, TSX-V), which holds 25 million shares (19.7%) of Clean Air, and Transition Metals (XTM, TSX-V) which owns 100% of the Saturday Night Project and 25% of the more advanced Sunday Lake Project, both right on trend with Clean Air’s properties….keep in mind, all 4 drill holes into XTM’s Big Red Anomaly at Sunday Lake have hit high-grade PGM mineralization including 41.2 m @ 5.5 g/t PGM and 0.57% Cu…Benton’s market cap is only $10 million while Transition’s is only $8 million (XTM has just 47 million shares outstanding). Both are undervalued. Transition just released more solid results from Sunday Lake and also has a lot of other irons in the fire (high-grade Gold, Copper and Nickel, plus ground immediately next to CCW), in addition to its highly attractive share structure…

Rapid Response!

How This Pandemic Will Ultimately Help Copper

Wuhan COVID-19 Virus Update

The Cost Of Doing Business With China (The CCP)

“Silver Lining”: Innovative Vancouver Company Provides Help During Crisis

COVID-19 Update

Smithers Shakes Off Turmoil For A Major 3-Day Event Connecting Hockey And The Resource Sector

Turbocharged Nickel

Commodity Check!

The Nickel Mountain Magma Highway

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

The Venture is up nearly 50% from its “Corona Crash” low – why more robust gains are on the way…

Learn more in today’s Week In Review And A Look Ahead!