While the BMR crew is taking its annual short summer break from Wednesday through Sunday, Morning Musings will not appear as usual during this time. Morning Musings will resume Monday, July 15, with updated market developments and additional information on the Telegraph Creek-Iskut River area of northern B.C. through special research that is being conducted this week. In the meantime, the comments section remains open and special postings are possible depending on market developments.
Specific situations we’re watching closely at the moment:
GoldQuest Mining (GQC, TSX-V) was one of the Venture’s top performers today, gaining 7 cents or 19% to close at 44 cents on volume of 1.1 million shares after impressive infill assay results were released from Romero…GoldQuest started drilling the very promising Guama trend west of Romero in mid-May, so interest in GQC should remain high in anticipation of those results…
Garibaldi Resources (GGI, TSX-V) broke above resistance at 7 cents and its 200-day moving average (SMA) today, closing up half a penny at 7.5 cents…as John’s chart showed this morning, a powerful new uptrend is forming technically in GGI which – besides its Mexican projects – holds a large and strategic land package contiguous to the western and southern boundaries of the important Copper Creek Property in the next hot exploration area of northern British Columbia…this is where Pete Bernier and his highly skilled Prosper Gold (PGX.H, TSX-V) team plan on chasing down a potential major Copper-Gold porphyry system…Teck Resources (TCK.B, TSX) has staked right up to the southern boundary of Garibaldi’s Grizzly Property which may host the “heat engine” for mineralization in this area with Mount Kaketsa in the northwest corner of the property…drill permits are ready for Copper Creek…
About 60 miles to the east of the Copper Creek-Grizzly properties, Colorado Resources (CXO, TSX-V) is 3 weeks into a drill program at its North ROK discovery, and also in the final stages of wrapping up a financing at 80 cents…
Pacific Potash (PP, TSX-V) continues to attract a large following after raising $6.5 million in 3 financings as it prepares to drill its very prospective Amazonas Potash Property in northwest Brazil…PP closed down half a penny today at 19 cents, 2.5 cents above its rising 50-day SMA…continues to look very strong technically…
Fission Uranium (FCU, TSX-V) and Alpha Minerals (AMW, TSX-V) are both looking solid as a major summer drill program commences at their Patterson Lake South (PLS) joint-venture in the Athabasca basin…
An interesting Tungsten play this summer could be Happy Creek Minerals (HPY, TSX-V) which begins a follow-up drill program any day now at its Fox Property north of 100 Mile House in B.C.’s interior…
If you’re looking for a promising company in the “technology” area, do some due diligence on Magor Corp. (MCC, TSX-V) and check the principals involved…one of only 2 companies in the world that is changing the landscape of video conferencing and collaboration, which could also have significant benefits for the mining and exploration industry…
Will miss you guys…hurry back.
Comment by Wayne Holmstead — July 10, 2013 @ 3:03 am
…diito…
Comment by Greg J. — July 10, 2013 @ 10:38 am
v.cxo the pp must be closing with news pending shortly after…. hopefully the beginning of huge things to come…great day!! glta
Comment by natalie — July 10, 2013 @ 11:25 am
CVN mag low photo’s map
Comment by bob — July 10, 2013 @ 12:13 pm
The Zen Effect: Cavan Ventures Acquires Hydrothermal Graphite Acreage Next to Zenyatta
Archive, Mining, Top Stories | Financial Press | July 10, 2013 11:11 AM
Just one day after another company saw a massive surge in trading volume due to announcing new graphite acreage in the same region, Cavan Ventures [CVN – TSX.V] is doing the same thing. Contiguous to the east side of Zenyatta Ventures’ [ZEN – TSX.V] Albany graphite deposit, Cavan’s new 100%-owned CAGE acquisition consists of approximately 760 hectares (1,878 acres) of land containing hydrothermal graphite.
Yesterday similar news came from Brookemont Capital [BKT – TSX.V], which announced the acquisition of approximately 417 hectares (1,030 acres) next to Zenyatta’s Albany project. The news resulted in a flurry of trading activity for Brookemont with over 11 million shares in volume, in stark contrast to the previous day’s 2,000 shares.
A similar reaction for Cavan could very well be expected. Not only does Cavan’s acquisition represent almost twice as much acreage, but the company’s total shares outstanding are almost a third less than Brookemont’s, while starting the day at a similar share price.
Focus should not be diverted from the news itself. Cavan already started the week by announcing it had more work to report on its Buckingham graphite project, however, this addition of Albany acreage trumps Monday’s news and has the markings of a true company maker.
“We’re approximately 6km away from Zenyatta’s deposit,” says Peter Swistak, President and CEO of Cavan Ventures. “An airborne survey was already conducted over our new property that showed both Zenyatta’s anomaly, and the same anomaly on ours as well.”
“We intend to get boots on the ground on this new property immediately, to start working the ground. This is an incredible addition to our company, there is no doubt about that.”
THE ZEN EFFECT
Zenyatta Ventures is currently trading over $3.20, whereas within the last year it saw values as low as $0.145. The reason for its current valuation is very clear: Zenyatta has some of the world’s highest purity graphite available, with a new mine on the horizon.
Unlike other high-purity graphite which often is created synthetically by the burning of petroleum, Zenyatta’s deposit (and subsequently now on Brookemont’s and Cavan’s as well) is natural occurring extremely high-purity graphite. Thus, once a new mine is built, Zenyatta will have the largest and only high-purity hydrothermal graphite mine in the world.
“We’re right in Zenyatta’s neighbourhood here,” says Swistak. “But what is most important for us, is that we’re going to work this property as soon as possible.”
CLOSEOLOGY
The move by Cavan changes the landscape of their portfolio, as it adds even more acreage devoted to graphite, which is complimented also by a focus on rare earth elements (REEs) on its Pythonga project.
One running theme that works for both Pythonga, and this new Albany graphite acquisition, is the proximity to rapidly developing mines. On Pythonga, Cavan’s news stream benefits from its neighbors with Matamec Explorations [MAT – TSX.V], which is developing the Kipawa Mine with a subsidiary of Toyota. This new addition puts Cavan in good company once again.
“It’s a lovely situation we have here,” says Swistak. “Just as Matamec is in our neighborhood on Pythonga, we have a new powerhouse neighbor in Zenyatta. We see where they went and how they just keep on achieving new heights, so we’ll be encouraged by their persistence, and will counter with an aggressive exploration program of our own.”
THE NEW FACE OF CAVAN
Cavan already had a substantial graphite portfolio to be proud of, however, with the Albany acreage, the company seems to be moving to another level. Not shy about doing work on its properties, Cavan will continue to aggressively explore all five of its properties, rather than just focus on one.
The company showed already this week that it has done some very important work with its Buckingham graphite property, which returned optimistic grades. Swistak and his team expect similar optimism from this new acreage.
What the new acreage adds are some significant confidence factors that the market should see value in. Zenyatta has effectively led the charge in educating the public on the benefit of its high-purity hydrothermal graphite, so now the others following in their footsteps can focus on the task at hand by drilling their own properties out.
As well, the addition for Cavan could feasibly draw some of the shareholder base that were so successful with Zenyatta.
“If someone owns Zen, and they’re quite happy with it, those shareholders need only to sell 1,000 shares or so to grab up a healthy position in our company,” says Swistak. “It’s definitely a great entry point with a future that’s looking very bright. Any money that we raise here will obviously be put right back into the ground to get this work going.”
“Since there are already a lot of eyes on Zenyatta, we believe we will benefit from the enthusiasm.”
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Comment by bob — July 10, 2013 @ 2:01 pm
Same guy who wrote up Zenyatta early just wrote Cvn up in the article above
Comment by bob — July 10, 2013 @ 2:41 pm
Some news from RBW. At least RBW will not be delisted in 2013.
Mr. David W. Johnston reports:
TORONTO, ONTARIO, July 10, 2013: Rainbow Resources Inc. (“RBW” – TSX.V:, “RIINF” – OTCQX: ) (“Rainbow” or the “Company”) announces that it intends to complete a non-brokered financing to raise approximately $500,000.
The financing will be comprised of units at $0.05 and flow through units at $0.05. Units will include one warrant which will entitle the holder to acquire one additional common share at $0.10 for a period of 18 months. Flow through units will include one half of a warrant in which a full warrant will entitle the holder to acquire one additional common share at $0.10 for a period of 18 months. In connection with this financing, Rainbow will be paying to registered agents a commission of 8% cash and 8% broker warrants.
The proceeds of this financing will be used to continue exploration on the Company’s gold and silver properties in the Slocan Valley (the Gold Viking, Referendum and Whitewater), in Nevada (the Jewel Ridge) and further prospecting and geochem analysis on the prospective graphite property adjacent to Eagle Graphite Corp’s processing facility also in the Slocan Valley area of south-eastern British Colombia and for general working capital purposes.
Rainbow also announces that it is current with its option payments on the Jewel Ridge gold property in Nevada and planning is now underway to carry out a fall drilling program.
Comment by Alexandre — July 10, 2013 @ 6:58 pm
I mentioned this before. Watch TAJ, their neighbor azimuth got bought out. Taj just got its first good news. More drill results comming soon.
Comment by Stephan — July 10, 2013 @ 9:10 pm
BKT AND CVN ARE ROCKING! FINALLY SOMEONE IS SMART ENOUGH TO GET INTO THE ZEN AREA PLAY! ITS TAKEN FOREVER!
Comment by STEVEN — July 11, 2013 @ 5:38 am
CXO ALMOST BACK TO A DOLLAR! DBV 13 BID!
Comment by STEVEN — July 11, 2013 @ 5:38 am
Looking good. There’s a very good chance things could really explode through the summer in the Iskut-Telegraph Creek area, and we’ll be returning again soon for another visit. GGI continues to firm up as well, very well positioned for a major advance as the Copper Creek/Grizzly properties come into play. Another reason we like GGI is that because they’ve been strong financially, they haven’t had to do any dilutive financings in this bad market over the last couple of years. Greatly reduces overhead resistance. A lot of stocks have a lot of cheap paper that will have to be absorbed. Not so with GGI.
Comment by Jon - BMR — July 11, 2013 @ 5:44 am
v.cxo pp closed last night….let the games begin….According to Coffin results will be out very very shortly!!glta
Comment by natalie — July 11, 2013 @ 5:54 am
DBV nothing special news out this BC play going to peter out to just like yukon
Comment by bob — July 11, 2013 @ 6:27 am
Bob, your premise is off. The three hot spots at the moment are North ROK, Castle (WCQ), and Copper Creek/Grizzly, and those properties will drive this play until someone else hits something significant elsewhere. We were correct to be cautious about the DBV visuals on hole #6, though they did hit some interesting mineralization. It’s a start for them and will give them valuable information for follow-up. Personally, I believe they’re a little too far off to the east. The heart of the system just NW of Telegraph Creek cuts through the Copper Creek Property and south through the Grizzly. In fact, some geologists believe the “heat source” exists in the NW corner of the Grizzly as we’ve pointed out on a 3D map. The western half of the Grizzly, from north to south, is the most interesting, plus all of Copper Creek of course. Look at the map. Hole #6 shows DBV is on the edge of a system—-but a system that is much more robust cutting through Copper Creek (as assays have shown) and likely the Grizzly. Keep in mind that Tempelman-Kluit is one of the top geologists in the country who founded Blackwater. If there’s anyone who can figure out the system in the Telegraph Creek area, it’s him.
Comment by Jon - BMR — July 11, 2013 @ 6:36 am
we shall see cxo was back over a buk again Eldorado results are 2 months behind why is that?
I’ll watch from the Sidelines
Comment by bob — July 11, 2013 @ 8:06 am
Zenyatta ZEN going big leagues people hope all got some
Comment by bob — July 11, 2013 @ 10:01 am
Jon, I think that DBV may be closer to a big anomoly than you think. 110 meters of .21% copper is not too shabby considering first hole in that anomoly. That is a fairly long intercept. They have just posted the location of hole 6 on their website. Looks like a possible edge to me.
Comment by Dan — July 11, 2013 @ 11:19 am
I can’t disagree with what you’re saying. Hole 6 does give them a good trail to follow, and they still have a lot of targets to go after. The market looks at hole 6 and isn’t excited, but any geologist looks at that hole and I bet he is excited because it’s a valuable beginning. This is the first serious exploration on the property in a long time. So there are reasons for encouragement. Copper Creek of course is much more advanced and a lot is going to be learned this summer. I was expressing the school of though that the heart of the mineralized system (the deposit that’s believed to exist) in this area lies to the west, northwest and southwest of the Hat. But the Hat remains an interesting property with potential (satellite deposit, extension of something?) and DBV has every reason to push ahead with more exploration and drill holes. Can’t wait until Bernier and Tempelman-Kluit get the drills turning at Copper Creek. Tempelman-Kluit’s work will also shed more light on the entire district. The Grizzly will figure prominently in the big scheme of things for Prosper Gold and Garibaldi, and the potential for a mine in this area.
Comment by Jon - BMR — July 11, 2013 @ 11:29 am
v.cvn had a fantastic day…hoping for v.zen results.Preliminary findings and management look outstanding. Hoping for a gap up in the morning and news soon. Could be huge. glta
Comment by natalie — July 11, 2013 @ 1:24 pm
And a great day for the Venture. One gets the feeling this market is going to heat up nicely and that the 3rd quarter is going to be strong. Of course we’ll have updated charts Monday. Looking fwd to a good finish to the week tomorrow.
Comment by Jon - BMR — July 11, 2013 @ 1:35 pm
Bob..owe you one..or two…thanks
Comment by Greg J. — July 11, 2013 @ 2:50 pm
Hey Greg Thanks and your welcome
BMR does a great job here to lots of ideas I just think you need to stay ahead of the curve or try to.
Goodluck all
Comment by bob — July 11, 2013 @ 6:03 pm
ZENYATTA -Gold Versus Carbon prices so lets compare at 1 oz per ton dollar values
1 0z Gold at $1200.oo easy figuring
Carbon at $6000.oo per ton would = 5 0z Gold per ton
Carbon at $12,000.oo per ton would = 10 0z Gold per ton
Carbon at $18,000.oo per ton would = 15 0z Gold per ton
Carbon at $24,000.oo per ton would = 20 0z Gold per ton
Carbon at $30,000.oo per ton would = 25 0z Gold per ton
Carbon at $36,000.oo per ton would = 30 0z Gold per ton
Were in the World can you find this ANSWER NO WHERE
Comment by bob — July 14, 2013 @ 5:55 am
If you still DON’T GET THE ABOVE MESSAGE those are REAL SYNTHETIC CARBON GRAPHITE PRICES TODAY
Comment by bob — July 14, 2013 @ 6:33 am
Bob did you read your post before posting it?? Was it meant to have any Info relating to gold or carbon at all?? Absolute nonsense and childish gibberish!! Here let me liken a post after yours
Balloons are 10$/tonne
Gold1200/ounce
Vinyl siding 20$/square
Well there you have it folks!!! You better buy zen at 4$ cuz balloons are getting expensive and roofing shingles are on sale this week only!!!!
Comment by Heath — July 14, 2013 @ 8:23 am
JON/JOHN: PLEASE INCLUDE THE BKT/CVN/ZEN AREA PLAY THAT IS JUST WAKING UP THE VENTURE THIS PAST WEEK TOO!
Comment by STEVEN — July 14, 2013 @ 10:12 am
Heath you don’t have a clue on Zenyatta but thats not my problem
Best Venture Stock going out there
And just wait and see what happens
Comment by bob — July 14, 2013 @ 5:41 pm
TJ just joined the ZEN area play. trades over 5M shares in 30 mins! Bob is right! ZEN play is the top play now!
Comment by STEVEN — July 15, 2013 @ 6:04 am
bkt and TJ be very careful guys… and gals…. read the docs carefully…. also check insider activity
Comment by JeremY — July 15, 2013 @ 1:33 pm
I would agree in terms of being cautious, will elaborate on both situations (BKT, TJ) tomorrow…
Comment by Jon - BMR — July 15, 2013 @ 2:27 pm