From AltaGas Camp Near McLymont Hydroelectric Facility, SE of Eskay Creek
The Venture continues to trade within a narrow range but equaled its highest close in 3 months on Friday as more evidence emerges for a potential strong finish to Q3.
Below, a classic example of a receding glacier in the Eskay Camp exposing alteration zones and mineralization previously hidden from geologists – this is how some new discoveries will be made.
Receding glacier in the Eskay Camp reveals the benefits of “climate change” (BMR photo).
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Jon, are you still at the AltaGas camp? If you are your family must be calling you home by now 🙂
Comment by Dan1 — September 17, 2017 @ 10:03 am
Yes I am, Dan1…send some fresh supplies, please…expect to be up here a while longer!…
Comment by Jon - BMR — September 17, 2017 @ 10:32 am
Lol – Maybe I’ll personally drop them off after making a fortune on GGI, but then again you will probably be long gone then as well!
Comment by Dan1 — September 17, 2017 @ 10:43 am
What are your thoughts on the PP? I know you said it may be repriced. If it is repriced, do you think it will result in the same $ amount and less shares, or more shares and more funds?
Either way, we are now entering a critical point where hole # 2 is potentially the starting point to a massive discovery. Fingers crossed.
Comment by Dan1 — September 17, 2017 @ 11:17 am
My thoughts on the PP, Dan1, are that GGI announced it was fully subscribed, so I can only imagine that it’s in the hands of the Exchange now which will make a decision shortly on whether to accept the original pricing or adjust the pricing for “material event” reasons. I don’t see why there would be any reduction in the $6 million figure – GGI paper is in hot demand.
Comment by Jon - BMR — September 17, 2017 @ 11:32 am
Ok, but lets say they adjust it higher, the participants would still have to accept it, correct?
Comment by Dan1 — September 17, 2017 @ 11:34 am
They don’t have to accept a revised price, Dan1, but that’s certainly not a scenario I would envision given events at Nickel Mountain.
Comment by Jon - BMR — September 17, 2017 @ 12:37 pm
I expect a massive run in the SP of Aben Resources
the coming week.
My gut feeling tells me the rush assays are going to
raise eyebrows!
Comment by Tran — September 17, 2017 @ 1:27 pm
Hi Jon,
Map 3 of 9 on Ggm web site show several veins in the inferred zones .
Any idea how much drilling is needed to upgrade that area from inferred to m and I ounces?
https://granadagoldmine.com/site/assets/files/2418/granada-blk_au-_2_-may-25–2017.png
Comment by donald — September 17, 2017 @ 2:09 pm
Would be great to see some fabulous results from Aben, Tran. The Eskay Camp is certainly building out nicely with increased interest in that northern part. We’ll have an update on ABN in tonight’s Sunday Sizzler.
Comment by Jon - BMR — September 17, 2017 @ 2:21 pm
What are the positives regarding CXO?? doesnt seem to be participating>>>> just asking:)
Comment by Jeremy — September 17, 2017 @ 3:29 pm
CXO certainly has no shortage of positives to communicate to the market, Jeremy: 1) Strong results last week from the AK trend and Inel Ridge with an expanded drill program continuing; 2) Large land package with encouraging historical results immediately adjacent to GT Gold discovery – several km of undrilled ground along that east-west trend; 3) Green Springs Property in Nevada with very good results from earlier this year to follow up on.
Importantly, apparent selling from the spring flow-trough PP at 42 cents seems to have largely exhausted itself – looks like funds, as they always do, used last week’s news as a liquidity event, distorting the market and investors’ perception of the news…retail was buying, funds were selling…in addition, unlike last year at this time, CXO is still drilling at KSP and they have other properties to immediately pursue on the exploration front…
Goldcorp didn’t just acquire 14.25% of CXO on a whim…
Comment by Jon - BMR — September 17, 2017 @ 8:10 pm
Just listened to Allan Barry comments on Cxo, and everything he says is a complete joke! This guy pretends to be someone who has a good knowledge of exploration which couldn’t be farther from the truth…he has something against Cxo and I don’t like it! I would’ve shocked if anyone invested on what he says. Just had to get that off my chest.
Now that the paper selling is almost over, I hope to see Cxo recover!
Comment by Greg — September 17, 2017 @ 8:27 pm
Maybe AB just says outrageous things to get attention, Greg, which you gave him with your comment!…of course he has been slamming GGI as well since it was 10 cents, and sided with Chad Day in the Sheslay blockade…enough said.
Comment by Jon - BMR — September 17, 2017 @ 9:23 pm
Hi Jon,
I have been following GGI with great interest and currently hold a fair position. I have two questions which have been bothering me:
1) How does GGI differ from Equitas’ findings at the Garland property which BMR covered and recomemded (though did state was high risk)?
2) On the GGI news release dated July 27 it was stated that 50 rock samples havd been submitted for rush assaying and lithochemistry relating to the outcrop at anomaly A, why haven’t these been released?
I look forward to your response,
Scott
Comment by Scott — September 18, 2017 @ 1:09 am
Thx Jon!! Had a seniors moment. Forgot about the goldcorp investment!! Appreciate the recap:).
Comment by jeremy — September 18, 2017 @ 5:44 am
Are you serious Scott?
Comment by Dan1 — September 18, 2017 @ 5:48 am
Scott, there is simply no comparison between Garland and Nickel Mountain…the former is a very grassroots property that until 2014 had very limited (if any) drilling…the broader package EQT assembled had never been systematically explored, though there were (and still are) indications of Nickel sulphide potential…yes, we urged subscribers to load up when EQT was trading below a dime because it was an astute speculative play…we also noted important resistance in the low 20’s around the $20 million market cap area and said subscribers had no excuse not to profit on the deal…CEO Kyler Hardy appropriately said EQT was a “swing for the fences”…unlike most companies, EQT was actually creating some excitement at a time when the market was really struggling with the final leg of the bear phase…Nickel Mountain, on the other hand, was light years ahead of Garland even when GGI first acquired it last year given the fact a near-surface drilling discovery was made in the 1960’s and a NI-43-101 non-compliant resource was actually put out by Silver Standard…a review of all historical data and an accumulation of other data acquired by GGI quickly turned Nickel Mountain into the best Nickel sulphide prospect in Canada by January in the words of Dr. Ray Goldie who wrote the book on Voisey’s Bay…now, according to Dr. Peter Lightfoot, it’s one of the top early-stage Nickel sulphide prospects in the entire world…with regard Anomalies A, B and C – they are the real thing with surface mineralization at Anomaly A confirming the geophysical signature, and regional structures cutting through these areas…I suspect GGI will have much to report about the ground going northeast and will do so when they’re best able to…
Comment by Jon - BMR — September 18, 2017 @ 8:19 am
Hopefully today or tomorrow we hear from the Exchange and Steve. The silence is nerve racking I’m sure for all of us waiting on any bit of news.
Comment by pole — September 18, 2017 @ 8:56 am
Exactly Jon. I remember as I owned shares and you guys advise your subscribers to take profit. I did exactly that and mad money on EQT. simply no comparison to ggi.
Comment by Dan1 — September 18, 2017 @ 9:01 am