1. Gold has traded between $1,320 and $1,331 so far today…as of 7:00 am Pacific, bullion is down $6 an ounce at $1,323…a terror attack in London, another North Korean missile launch and some disappointing U.S. economic data have not been able to lift Gold higher today…Silver has slid 16 cents to $17.61…Copper is off slightly at $2.91…Nickel has retreated 3 cents to $5.03…Cobalt prices are holding steady around $27.50…Crude Oil, trading at a 5-month high, is unchanged at $49.90 while the U.S. Dollar Index has fallen one-fifth of a point to 91.75…
2. Copper prices, which shot up more than 20% from their July lows, continue their consolidation in light of fresh economic numbers out of China…the country’s August industrial production was the weakest since December, investment growth year-to-date hit its lowest level since 1999, and retail sales (10.1%) expanded at their slowest monthly rate this year…all of that goes against the trend of mostly positive data out of China this year…thanks to the stronger than expected 6.9% growth achieved during the 1st half of 2017, the government was able to shut down unwanted and polluting industrial plants without damaging its full-year ambitions…it’s now all but guaranteed to achieve its target of 6.5% growth for the whole of 2017 even if the economy slows further in the coming months…for officials in many parts of the country, the environment has now overtaken economic expansion as their top priority as climate change fanaticism expands to Asia…
3. Some weaker than expected U.S. economic data this morning should help keep the Fed on its dovish track…retail sales slumped in August as Hurricane Harvey likely depressed motor vehicle purchases, suggesting a moderation in consumer spending in the 3rd quarter…the Commerce Department reported that retail sales dropped 0.2% last month while data for July cut the gain by half as retail sales were revised to show just a 0.3% increase instead of the previously reported 0.6% jump…meanwhile, industrial production fell 0.9% in August vs. estimates of a 0.1% increase while consumer sentiment figures for August were just released and came in at 95.3 vs. the consensus estimate of 95.1…
4. New highs on Wall Street, aided by strength in tech stocks…the Dow is up 16 points through the first 30 minutes of trading…the TSX is flat while the Venture continues to work its way through stiff resistance in the 770’s…the Index is up 4 points to 780…Garibaldi Resources (GGI, TSX-V) has rebounded strongly after yesterday’s volatility while neighbor Metallis Resources (MTS, TSX-V), gearing up for more drilling, has strengthened into the low 70’s…Aben Resources (ABN, TSX-V) continues to trade briskly, up 4 cents to 45 cents as it again approaches critical measured Fib. resistance in the high 40’s…
5. International Samuel Exploration (ISS, TSX-V) has added to its land position in the increasingly active northern part of the Eskay Heart of Gold Camp, acquiring the Mickey Davis Gold-Copper Property that shares more than 35 km of contiguous claim boundaries with Evrim Resources‘ (EVM, TSX-V) Ball Project optioned in a $31 million deal to Antofagasta…the package increases International Samuel’s footprint in the district to 240 sq. km…Mickey Davis is contiguous to the company’s recently announced Lucifer Gold Project and less than 750 m from the Hart Gold Project being advanced by Golden Ridge Resources which should soon be trading on an RTO through 88 Capital (EEC, TSX-V)…ISS, with 27.5 million shares outstanding, is unchanged at 13.5 cents in early trading…
6. Aurion Resources (AU, TSX-V) has hit a new high of $3.25…the company has started drilling at the Aamurusko high-grade Gold prospect on its 100%-owned Risti Project in northern Finland…a total of 21 diamond drill holes are proposed over a distance of approximately 1.1 km along a northeast-southwest-trending 1-km-wide corridor…within this corridor, a total of 717 quartz vein blocks have assayed from nil to 2,520 g/t Au and average 33 g/t Au…impressively, 102 assayed above 31 g/t Au…Aurion has also made several new high-grade Gold discoveries along regional unconformities southwest, northwest and east of Aamurusko…Kinross just acquired a 9.9% interest in Aurion by completing a $16 million private placement in the company at $2.32 a share…AU’s uptrend has been strongly supported by its 10-day moving average (SMA), currently $2.80…
7. Canada Zinc Metals (CZX, TSX-V) is up slightly after releasing results from the first 2 holes of a recently completed drill program at its Cardiac Creek deposit in northeastern B.C.’s Kechika trough…drill hole A-17–132, targeting the northwest strike extension of the high-grade core, returned 10.4% Zinc plus Lead and 14.2 g/t Silver over a true width of 28.7 meters…drill hole A-17–133 intersected 12.1% Zn plus Pb and 16 g/t Ag over a true width of 9.4 m within a broader mineralized interval of 25.63 m…Cardiac Creek hosts a NI-43–101 Indicated resource of 19.6 million tonnes grading 8.2% Zn, 1.6% Pb and 13.6 g/t Ag, and an Inferred resource of 8.1 million tonnes grading 6.8% Zn, 1.1% Pb and 11.2 g/t Ag, at a 5% Zn cut-off grade…in addition to the Akie Project, the company owns 100% of 10 large, contiguous property blocks that comprise the Kechika regional project…
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Sure would be great to get a NR from GGI later today saying the PP has closed and an update on drilling and or core samples from hole #2.
Comment by pole — September 15, 2017 @ 8:52 am
Jon do you still hold any ABN or did you sell all?
Comment by Sameer — September 15, 2017 @ 9:17 am
ABN has hit our main target area that we envisioned last year, Sameer, so I’m out, but impressed with the volume and I do like the projects.
Comment by Jon - BMR — September 15, 2017 @ 10:32 am
Thanks Jon/BMR for your transparency, it is much appreciated.
Comment by Gregh — September 15, 2017 @ 10:38 am
Hi Jon,
Appreciate the long hours and out of pocket expenses you are expending to be on-site. Have you noticed any items being specially ordered by the GGI staff such as party hats or cases of champagne?
Comment by Marshall — September 15, 2017 @ 10:41 am
You’re welcome, Marshall…the GGI crew are at another camp along the Eskay mine road about 15 km from the AltaGas location, where I am based out of…I’m sure they’re too busy for party hats or champagne yet, and it would be premature for that at this early stage, but the Nickel Ningas will come through for all of us, I suspect…
Comment by Jon - BMR — September 15, 2017 @ 10:47 am
Thanks Jon
Comment by Sameer — September 15, 2017 @ 11:28 am
DBV up on good volume today. Looks like something is cooking.
Comment by Sameer — September 15, 2017 @ 11:29 am
Jon
You are becoming famous out there, news travels fast you really started something with the Nickel Ninjas
Staring Peter Lightfoot a production By Garibaldi and also starring Jon from BMR
Cracking me up lol
Comment by Gregh — September 15, 2017 @ 11:37 am
[img]https://media.discordapp.net/attachments/354637284147986433/358319212072140801/AAb32e8760418e68f23c811a1cfd6bda78_500x735.jpg?width=415&height=611[/img]
Comment by large — September 15, 2017 @ 11:45 am
BTW
That wasn’t me that came up with the ninja thing saw it out there on The boards
Thought it was funny
Comment by Gregh — September 15, 2017 @ 11:50 am
No problem, Greg, that’s perfectly fine, someone with a sense of humor and impressive creativity! He should apply for a job at BMR. I can imagine a certain geologist cringing right now, but all in good fun…
Comment by Jon - BMR — September 15, 2017 @ 11:54 am
Any updates on MRS.v that was mentioned a few days ago? I know they are doing a PP at .25c for $3 million
Comment by large — September 15, 2017 @ 12:02 pm
That was a funny post. But you guys are gaining notorarity!
Comment by Dan1 — September 15, 2017 @ 12:12 pm
Oh where oh where are you Steve? Friday is slowly slipping away.
Comment by pole — September 15, 2017 @ 12:18 pm
Pole, I’d be asking, where oh where are you, Exchange??
Comment by Jon - BMR — September 15, 2017 @ 12:25 pm
Yes Jon, the exchange is holding this up. Almost as slow as the government
Comment by Dan1 — September 15, 2017 @ 12:30 pm
Dan1- you mean famous..not infamous 😀
Comment by johnz — September 15, 2017 @ 12:32 pm
Definitely gaining some fans for sure, subscriptions are going to be up big time if they have not already…
Comment by Gregh — September 15, 2017 @ 12:35 pm
Hopefully the Exchange hasn’t dropped the ball. No news could make the wait until Monday morning very speculative and full of rumors.
Comment by pole — September 15, 2017 @ 12:37 pm
The ball is in their court, Dan1. They need to show they’re open for business.
Comment by Jon - BMR — September 15, 2017 @ 12:42 pm
Impressive volume the last 8 sessions, large, and the stock has pushed above the important 25-cent level; obviously, some exciting new things happening with MRS.
Comment by Jon - BMR — September 15, 2017 @ 1:37 pm