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Labrador Gold $LAB.ca Announces Start of Exploration at Kingsway $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca

Posted by AGORACOM-Eric at 9:24 AM on Thursday, August 6th, 2020

TORONTO, Aug. 06, 2020 (GLOBE NEWSWIRE) — Labrador Gold Corp. (TSX-V: LAB | OTCQB: NKOSF) (“LabGold” or the “Company”) is pleased to announce that its field crew has arrived in Gander and started the 2020 exploration program on the Kingsway Property.

LabGold’s work program will initially focus on following up known gold anomalies identified from previous work on the three licenses. Soil sampling has begun on a high priority target that covers a 3km long anomaly of gold in heavy mineral concentrates with values from <5ppb to 89ppm (89g/t Au) that runs along the interpreted trace of the Appleton fault zone. Geological mapping and prospecting of anomalous areas and known showings is also underway.

Up to 10,000 soil samples and 250 km of ground magnetics/VLF-EM are planned for the property and are expected to take about six weeks to complete. We intend to hit the priority areas with known gold anomalies first so that the results of these surveys, together with the results of the geological mapping and prospecting can be used to plan a first phase fall drilling program.

Concurrently with the field work, we are working on a structural compilation of the district. This compilation will allow us to more efficiently target areas for detailed mapping and prospecting based on a better understanding of the role of primary and secondary structures on the localization of gold mineralization.

“It feels good to get boots on the ground at Kingsway which we believe to be the most strategically located property in the Gander gold district relative to New Found Gold’s recent discovery,” said Roger Moss, President and CEO. “Our focus on soil geochemistry and mag/VLF to define structures and potential alteration zones is consistent with what has worked well in the past and we expect to generate numerous targets along the major structures for drill testing.”

“It’s good to see the Kingsway Project moving along. Our limited 2019 deeper soil program over anomalous gold in till and vegetation samples proved successful in outlining new gold targets that will be followed up during this season’s work,” said Shawn Ryan, Technical Advisor to LabGold. “Based on last year’s success, the proposed larger 10,000 sample soil program covering existing gold in till and vegetation samples should produce some nice new gold anomalies leading to new drill targets.”

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. The three licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 91,584,175 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:             

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter:@LabGoldCorp

VIDEO – 2020 Drill Program at Treaty Creek Exceeding Expectations $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM-JC at 5:57 PM on Thursday, July 30th, 2020

American Creek Resources Ltd. (TSXV: AMK) sits down to discuss the exceptional assay results on Treaty Creek that have already exceeded last years results resulting in en expansion to 6 drills and 40,00m. Sit down and grab your favorite beverage and find out why Eric Sprott believes Treaty creek may have 50 Million ounces. His words not ours.

“Eric Sprott has stated regarding Treaty Creek “I was just doing some numbers the morning and I figured, Man, they certainly look like they’ve got 20 (million ounces gold) and they could easily get to 30 or 40 or 50 million”

Watch this interview or listen by Podcast on AppleGoogleSpotify or your favourite podcaster.

CLIENT FEATURE: American Creek: More Than 22.5 – 32.1 Million Ounces of Gold Eq at Treat Creek? $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM-Eric at 9:59 AM on Wednesday, July 29th, 2020

That is what JS Research out of Germany is suggesting in their follow up to the Report on Treaty Creek they did in June 2020.  We think that their research on the Goldstorm and our JV partner Tudor Gold does a good job showing the potential that lies before us including projections for size and value of the property.  This year’s 20,000m drill program was recently doubled to 40,000 utilizing six drills and extending the drill season.  We only have the first two rounds of assays and this seasons drill results have already eclipsed the great results of 2019. The geophysics and geology suggest more of the same so we’re looking forward to seeing if the trend continues throughout the year.
 
The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

Market value soon to be $ 1 billion?

Breathtaking gold rally in full swing! With this precious metal pearl you benefit to the maximum! Because the sensational news flow and gold contents of an average of 1.161 g / t Gold Eq over 930 meters justify a reassessment !!!

Dear Readers,
Tudor Gold once again delivers massively – the brand new press release ( LINK here ) contains a wealth of important information for you as an investor:

  • Publication of further excellent drilling results, eg GS-20-65 with a near-surface interval of 2.12 g / t Gold Eq (equivalent) over 348 meters within a 930 meter interval with an average of 1.161 g / t Gold Eq.  
  • GS-20-64 with a near-surface interval of 1.482 g / t Gold Eq over 154.5 meters within a 550.55 meter interval with an average of 0.983 g / t Gold Eq.  
  • Hole GS-20-64 was a so-called step-out hole that significantly increased the length of the Goldstorm mineralization system on Treaty Creek from 850 to 1,000 meters . (The width is currently 600 meters) The system is open in all directions and at depth – further drilling will follow to define the limits of the enormous system.  
  • Tudor Gold announced that instead of the planned 20,000 meters, 40,000 meters will now be drilled! The drilling program is completely financed, a total of 6 drilling rigs are used.  
  • Another lower camp is being built, which will extend the drilling season by several months!

Tudor Gold (WKN: A2AJ7Y, Frankfurt: TUC / TSXV: TUD) has been on the lips of gold investors, brokers and industry experts for months. We hear from our Canadian network that bets are already being made as to when the first takeover offer for the world-class Treaty Creek project will arrive at the successful Walter Storm, CEO of Tudor Gold .

One thing is certain, there are only a handful of stocks on the quote that control a gold resource of over 15 million ounces of gold. And at the latest after yesterday’s press release, it will become clear to everyone that the ‘Goldstorm’ system is enormous and an absolute world-class project.

What we really like in yesterday’s press release is the fact that Tudor was able to extend the length of the (mineralization) system from 850 meters by another 150 meters to 1,000 meters . It remains open on all sides and in depth.

The Tudor Gold team of geologists and the market participants invested in the share hoped that the ‘ step-out’ well drilled would encounter gold-bearing mineralization again and significantly enlarge the gold system again.

And the GS-20-64 well was once again a direct hit: a high grade intersection with 1.482 g / t Gold Eq over 154.5 meters was found within a long drilling interval with 0.983 g / t Gold Eq over 550.55 meters.

What the market has not yet fully realized: The conceptual exploration target of 1 billion tons of rock is likely to be revised significantly upwards again. And that automatically increases the possible gold resource by an additional million ounces.


For us, it all looks like a possible future huge opencast mine. These operations often have a long mine life of more than 15/20 years and are at the top of M&A shopping lists for gold producers.

“Grade is King” – the high gold content of the drilling results to date speak in favor of Tudor Gold’s Treaty Creek project:

A look at the published resource statements (‘proven and probable mineral reserves’) of the direct neighbor Seabridge Gold shows an ore grade of 0.55 g / t gold in the ‘KSM’ project. Even if Tudor Gold has not yet released a resource, the strong drilling results published to date, with long intervals of up to 1,081 meters and good gold grades, provide a very good indication of what the average grade of an ore could be from a potential resource. In our opinion, it should be loosely between 0.85 and 1.20 g / t Gold Eq , and thus significantly higher for ‘Treaty Creek’ than for the ‘KSM’ project!

Tudor Gold’s ‘Treaty Creek’ project is also very cost-effective to connect to the infrastructure (road and electricity) about 20 kilometers away. It is not necessary to build a very expensive and complex tunnel through the mountain, as with the neighbor, which can quickly cost 500 to 1,000 million dollars in such a dimension.

For such an investment amount, Tudor Gold’s complete open-cast mine, including infrastructure connection and processing systems, can possibly be realized. We are excited to see what the economic indicators in the ‘PEA’ (preliminary feasibility study) will look like.

The Treaty Creek project is an extremely rare rarity in the North American exploration sector!

No wonder why legendary mine investor and billionaire Eric Sprott recognized the enormous potential of the Treaty Creek project, as we did, in 2019 and has since participated in several rounds of financing from Tudor Gold.

Just last week, Eric Sprott struck again and increased his strategic equity position at Tudor Gold again. This time he accessed the stock market directly and invested another million CAD, as the insider filings below show:

Source: Canadianinsider.com

Eric Sprott chatted in his weekly market commentary on July 24, 20 at Sprott Money News and named a few titles that he is convinced and invested in.

He also mentioned Tudor Gold’s Treaty Creek project from 18:33 and speculated that the gold project could easily contain 20, 30, 40 or even 50 million ounces of gold . Feel free to listen to the interview at this link: LINK

Source: Youtube.com


Tudor Gold’s stock has risen by a sensational 1,000% since the beginning of 2019 – it is not too late for far-sighted investors to invest in this world-class project developer. We expect an enormous news flow by the end of the year, which should catapult the market capitalization to at least CAD 1 billion ! Do not miss this unique investment opportunity!

The market value of Tudor Gold is just under CAD 500 million – cheap in direct comparison to Seabridge Gold, which is valued at just under CAD 1.8 billion.

Source: Yahoo Finance
We expect a bidding contest for the world-class Treaty Creek project at any time, at the latest when a first resource estimate is published within the next 6 months!

Let’s take a quick look at the brand new press release from 07/27/20 ( link here ) and let geologist Ken Konkin have his say:

Ken Konkin, Vice President of Project Development at Tudor Gold, P.Geo., Said in the press release:
“For the second time this month, we are very pleased to report the results of GS-20-57 , which is an enriched mineralization section of 1.40 g / t AuEq averaging 217.5 meters (544.5 to 762.0 meters) within have a composite average of 0.845 g / t AuEq over 973.05 meters (34.50 to 1077.55 meters). Hole GS-20-65 was designed as a 100 meter undercut to drill hole GS-20-57. The result was a remarkable 348 meter intercept at 2,120 g / t AuEq within a larger 930 meter intercept at 1.161 g / t AuEq in hole GS-20-65. Further drilling is required in this central region to better define these high-grade areas (‘metal plumes’) that we believe will occur throughout the ‘Goldstorm’ system. There were three results above 15.0 g / t Au that occurred within hole GS-20-65. These include: 19.7 g / t Au over 1.5 meters (145.5 to 147.0 meters), 22.5 g / t Au over 1.5 meters (310.5 to 312.0 meters) and 34 .2 g / t Au over 1.0 meter(921.0 to 922.0 meters). The focus for the rest of this summer will be on completing exploration drilling to the limits of known mineralization along the northeastern axis. We started drilling on pad 8, a 150 meter step-out northeast of hole GS-20-47, which produced the best intersection of 0.697 g / t AuEq over 1081.5 meters in 2019. This hole ended in a mineralization zone as drilling capacity was reached. This year, all six drills have modified drill heads to complete boreholes more than 1,800 meters deep. However, we expect our longest holes to be approximately 1,400 meters long in 2020. ”

Konkin adds:
“One of the most impressive aspects of the Goldstorm system is the constant strength of the mineralization. Hole GS-20-64 was a steeply angled 150 meter step-out that was drilled northeast of the DS-5 section beyond the trace. This exploration hole aimed to expand a very robust stockwork system that was intersected at the bottom of hole GS-19-47 with 0.996 g / t AuEq over 243 meters (933.5 to 1176.5 meters). The section ended in a mineralization zone at a depth of 1199 meters. The same DS-5 zone was intersected in GS-20-64, which doubled the cutting length from 243 meters to over 550 meters and averaged 0.983 g / t AuEq (648.4 to 1198.95 meters), which is extremely consistent with the results obtained in GS-19-47. An enriched upper part of the stockwork system gave 1,442 g / t AuEq over 154.5 meters (771.5 to 926.0 meters). We are currently re-drilling the GS-19-47 hole as the system may be much larger than originally anticipated based on the results of the GS-20-64 step-out hole located 150 meters northeast. The goal is to drill through the entire stockwork profile discovered in 2019. ”

On the map below you can see various wells and sections where they are located.

Source: Tudor Gold Corp.
Walter Storm, President and CEO of Tudor Gold said:
“Our technical team continues to research different areas of the drilling targets, achieving excellent results and the size of the ‘Goldstorm’ system is continuously expanding significantly. The north-east axis of the mineralized ‘Goldstorm’ (ore) body is now longer than a kilometer, and we still have to find the mineralization boundaries in the northeast and in depth. It was necessary to step up our efforts by doubling our drilling program to 40,000 meters and using more drilling rigs. We are very pleased to announce the approval of our new work permit, which will allow us to expand the drilling at ‘Goldstorm’ and drill additional zones. Tudor Gold’s construction teams are planning to build a lower-level drill camp, that will extend the exploration season by several months. We are now able to build land access routes to access the zones from the current camp as well as the proposed lower camp (on the Treaty Creek glacier toe). ”

The company recently uploaded an interesting video with the geological 3D model to the flagship project ‘Treaty Creek’ on the website.

Here is the link to the video:

Source: Tudor Gold Corp.

For all new readers, we have briefly compiled some background information on Tudor Gold:

Tudor Gold is a precious metals and base metals exploration company with concession areas in British Columbia’s ‘Golden Triangle’, an area where producing or past mines are located, as well as several large deposits that are nearing potential development. The 17,913 hectare Treaty Creek Project (in which Tudor Gold holds a 60% stake) is adjacent to the KSM property of Seabridge Gold Inc. in the southwest and the ‘Brucejack’ property of Pretium Resources Inc. in the southeast. The company controls 100 % of the Electrum project. In addition, Tudor has ‘earn-in’ options or is 100% involved in other projects in the ‘Golden Triangle’.

The Sulfurets Thrust Fault leads from the Seabridge deposit ‘Iron Cap’ to the Tudor Gold ‘Goldstorm’ system from the southwestern corner of the ‘Treaty Creek’ claims, which adjoin Seabridge Gold’s concession areas. The Gold Storm Zone is located five kilometers northeast of Seabridge’s Iron Cap deposit.

The ‘Golden Triangle’ region is one of Canada’s richest gold regions – over 80 million ounces of gold and over 17 billion pounds of copper have already been found in the immediate vicinity of world-class explorer Tudor Gold!

Source: Tudor Gold Corp.
Tudor Gold has everything a world-class exploration company needs, be there when the company makes exploration history!

Top Facts & Summary of Tudor Gold Corp Highlights:

  • Prime location: Huge land package in the world-famous Canadian ‘Golden Triangle’ – more than 80 million ounces of gold have already been discovered within a few kilometers.  
  • The Treaty Creek flagship project is adjacent to the largest world-class deposits and mines. (Seabridge Gold and Pretium Resources).  
  • Extremely promising project portfolio with over 35,518 hectares of concession areas, spread over four projects.  
  • Treaty Creek is close to good infrastructure: the nearest road and power line are only around 20 km away.  
  • Excellent geological location of the acquired land packages in mining-friendly British Columbia in Canada.  
  • Top Management – Very experienced and successful team under the leadership of the renowned Walter Storm , co-founder of the Canadian mining company Osisko Mining . Ken Konkin , a multi-award winning geologist, has led the drilling program since 2019. He was instrumental in the discovery of Pretium Resources’ The Valley of Kings deposit.  
  • At $ 498.5 million, Tudor Gold has an extremely low market cap compared to its direct neighbors Seabridge Gold ($ 1.8 billion) and Pretium Resources ($ 2.5 billion).  
  • World-class drilling results for the flagship project ‘Treaty Creek’: e.g.  
  • Hole GS-20-65: 1.161 g / t Gold Eq over 930 meters including 2.12 g / t Gold Eq over 348 meters;  
  • Hole GS-20-57: 0.845 g / t Gold Eq over 973 meters including 1.40 g / t Gold Eq over 217.5 meters;  
  • Hole GS-20-64: 0.983 g / t Gold Eq over 550.55 meters including 1.482 g / t Gold Eq over 154.5 meters;  
  • Hole GS-19-42: 0.849 g / t Gold Eq over 780 meters including 1.275 g / t Gold Eq over 370.5 meters in the 300 Horizon Intercept;  
  • Hole GS-19-47: 0.697 g / t Gold Eq over 1,081.5 meters including 0.867 g / t Gold Eq over 301.5 meters in the 300 Horizon section;  
  • Hole GS-19-52: 0.783 g / t gold Eq over 601.5 meters incl. 1.062 g / t gold over 336.0 meters in the 300 Horizon section;  
  • Hole GS-19-48: 0.793 g / t Gold Eq over 927.0 meters;   Hole GS-19-49: 0.800 g / t gold Eq over 826.5 meters incl. 1.080 g / t gold over 249 meters;  
  • Hole GS-19-50: 0.681 g / t Gold Eq over 577.5 meters;  
  • Hole CB-18-39: 1,086 g / t Gold Eq over 563.8 meters  
  • Enormous exploration potential – large parts of the exploration projects are still largely unexplored.  
  • The Tudor Gold property has the potential to demonstrate a double-digit million ounce gold resource .  
  • Tudor Gold is a prime M&A acquisition target.  
  • Strong support from the ‘Tahltan First Nation’: signing of a commitment and communication agreement.  
  • Clear vote of confidence – as of July 10, 2020, more than 50% of the shares were in the hands of CEO and company founder Walter Storm (32.5%) and commodity star investor Eric Sprott (19.7%)

Believe experts like Eric Sprott, the man with the ‘gold finger’, then invest in Tudor Gold! The stock is trading today where Seabridge Gold was in 2005 before the stock price multiplied. The stock is on the buying radar of countless gold investors – everyone is waiting for further news flow of the 2020 borehole season in the next weeks and months!

Tudor Gold’s immediate neighbors are Seabridge Gold ($ 1.8 billion market cap) and Pretium Resources ($ 2.5 billion). However, the current market capitalization of Tudor Gold is only a low CAD 498.5 million – there is still a lot of upside potential!  

About Tudor Gold Corp:  

Name: Tudor Gold Corp.
Stock exchange ticker Germany: TUC
Stock exchange ticker Canada: TUD.V
Last courses in Germany : 1.92 €
Last courses in Canada: CAD 3.04
ISIN: CA89901P1071
WKN: A2AJ7Y  


You can find more information about Tudor Gold here:
Please read our article on Tudor Gold from July 10th, 2020
Please read our article on Tudor Gold from January 8th, 2020
Read our detailed company description with assessment from August 1st, 2019:
Link to the company’s website

Best regards and maximum success with your investments!
Your JS research team          


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Information on conflicts of interest: The publishers and responsible authors hereby declare that the following conflicts of interest exist with regard to the company Tudor Gold discussed in this publication at the time of publication: I. Authors and the editor, as well as related consultants and clients, hold stocks of shares at the time of publication Tudor Gold and reserve the right to sell them at any time without notice or to take new positions in Tudor Gold. II. At the time of publication, authors and the publisher and clients and related consultants maintain a consulting mandate with Tudor Gold and receive a fee for this. Authors and the editor know that other stock market letters, Media or research companies discuss the Tudor Gold share in the same period. Therefore, symmetrical information and opinion generation occurs during this period. This publication by JS Research UG (limited liability) is expressly not a financial analysis, but a publication of a very clear and unambiguous advertising character on behalf of the company discussed and thus to be understood as an advertising / marketing communication.  

Pursuant to section 34 WpHG, I would like to point out that Jörg Schulte, JS Research UG (limited liability) or employees of the company hold shares in Tudor Gold and can continue to buy or sell their own business in the shares of the companies presented (e.g. long or short positions) at any time . We expressly point out a conflict of interest. This also applies to options and derivatives based on these securities. The resulting transactions may influence the company’s share price. The information, recommendations, interviews and company presentations published on the “websites”, the newsletter or the research reports are paid for by the respective companies or third parties (so-called “third parties”). The “third parties” include B. Investor Relations and Public Relations companies, brokers or investors. JS Research UG (limited liability) or its employees can be directly or indirectly paid for the preparation, electronic distribution and other services by the companies discussed or so-called “third parties” with an allowance. Even if we compile each report to the best of our knowledge and belief, we advise you to consult other external sources, such as your house bank or a trusted advisor, when making your investment decisions. For this reason, liability for financial loss that may result from using the explanations given here for your own investment decisions is categorically excluded. The custody account shares of individual shares, especially in commodity and exploration stocks and in the case of small capitalized stocks, should only be so much that even if the total portfolio is lost, the total portfolio can only lose marginally in value. Especially stocks with small market capitalization (so-called “small caps”) and especially exploration stocks as well as all listed securities in general are subject to considerable fluctuations. The liquidity in the securities can be correspondingly low. When investing in the raw materials sector (exploration companies, raw material producers, companies that develop raw material projects), additional risks must be taken into account. The following are some examples of separate risks in the raw materials sector: country risks, currency fluctuations, natural disasters and storms (e.g.  

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Trade Tudor Gold shares now from € 0 – on Smartbroker.de



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American Creek has not verified any numbers or projections made in the report by JS Research. 

Labrador Gold $LAB.ca Announces Receipt of Permit for Mineral Exploration at Kingsway $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca

Posted by AGORACOM-Eric at 11:01 AM on Monday, July 27th, 2020
https://blog.agoracom.com/wp-content/uploads/2020/03/LAB-square-logo.png

Labrador Gold Corp. (TSX-V: LAB) (“LabGold” or the “Company”) is pleased to announce that it has received approval for mineral exploration on the Kingsway Property from the Department of Natural Resources, Newfoundland and Labrador. Receipt of the approval, which is good through July 22, 2021, means that the Company can now begin mobilizing field crews to Gander to kickstart its summer exploration program.

LabGold has planned a systematic exploration program that leverages its significant geochemical database to rapidly follow up known anomalies and generate drill targets. This will be done by a combination of soil sampling and magnetic/VLF-EM geophysical surveys on detailed grids over known anomalous areas. These include a 3km long anomaly of gold in heavy mineral concentrates with values from <5ppb to 89ppm (89g/t Au) within which a quartz vein boulder containing visible gold and assaying 168g/t Au was found. This anomaly runs along the interpreted trace of the Appleton fault zone and represents a high priority target.

Up to 10,000 soil samples and 250 km of magnetics/VLF-EM will be carried out on the property. The results of the surveys, together with detailed geological mapping will be used to plan a first phase drill program currently scheduled for the fall.

“We are excited to get the go ahead to carry out our proposed program at Kingsway,” said Roger Moss, President and CEO. “Due to our database and our research over the last four months we have a very good idea of where to focus our efforts to maximum effect to aggressively advance the Kingsway property to the drill stage. We anticipate an exciting field season exploring for Fosterville style gold mineralization in the Gander gold district.”

Exploration to date in the Gander district has shown the effectiveness of soil sampling to detect gold mineralization. Most of the known gold occurrences were discovered by following up gold in soil anomalies. It is also clear that mineralization in the district is structurally controlled as shown by the location of many of the known gold occurrences along the Appleton fault zone, a major crustal structure, and the secondary structures associated with it. The magnetic and VLF-EM survey will help define such cross-cutting structures that are often the focus of concentrated gold mineralization.

The Company also announces the grant of 3,150,000 options to the Company’s directors, officers and consultants. The options are exercisable at a price of $0.45 for a period of five years.

Roger Moss, PhD., P.Geo., is the qualified person responsible for all technical information in this release.

The Company gratefully acknowledges the Newfoundland and Labrador Ministry of Natural Resources’ Junior Exploration Assistance (JEA) Program for its financial support for exploration of the Kingsway property.

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in Eastern Canada.

In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). In early July 2020, the Company signed an option agreement to acquire a third license to add to the property package which now covers approximately 77 km2. The three licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.

The Hopedale property covers much of the Hunt River and Florence Lake greenstone belts that stretch over 80 km. The belts are typical of greenstone belts around the world but have been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details). Labrador Gold now controls approximately 57km strike length of the Florence Lake Greenstone Belt.

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

The Company has 85,610,451 common shares issued and outstanding and trades on the TSX Venture Exchange under the symbol LAB.

For more information please contact:             

Roger Moss, President and CEO      Tel: 416-704-8291

Or visit our website at: www.labradorgold.com

Twitter: @LabGoldCorp

American Creek’s JV Partner Tudor Gold Drills Near-Surface Intercept at Treaty Creek Property Averaging 2.120 gpt AuEq over 348 Meters Within a 930 Meters Intercept Averaging 1.161 gpt AuEq in Hole GS-20-65

Posted by AGORACOM-Eric at 9:56 AM on Monday, July 27th, 2020
  • Step-out drilling further extends the goldstorm system by another 150m to the northeast with hole GS-20-64 intersecting 1.482 gpt AuEq over 154.5 meters within 550.55 meters intercept averaging 0.983 gpt AuEq

Cardston, Alberta–(Newsfile Corp. – July 27, 2020) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) is pleased to report that its JV partner Tudor Gold Corp announced today that it has completed the second set of diamond drill holes at the JV flagship property, Treaty Creek located in the heart of the Golden Triangle of Northwestern British Columbia. Diamond drilling is progressing very well on the Goldstorm Zone which is on-trend from Seabridges’ KSM Project located five kilometers southwest of our Goldstorm System. As well, three more drills have been mobilized to the project. This brings the total to five diamond drill rigs working at Treaty Creek. A sixth diamond drill is expected to arrive shortly at Treaty Creek. Tudor Gold intends to double the diamond drill hole program from the original plan of 20,000 meters to at least 40,000 meters of drilling for 2020. Tudor Gold is fully funded to complete this aggressive drill hole program. The preliminary drilling this season has yet to delineate the limits of the Goldstorm system as it remains open in all directions and to depth. It will require all six drills to complete the drilling required for the completing the exploration program for the Goldstorm Au-Cu-Ag System.

Tudor Gold’s Vice President of Project Development, Ken Konkin, P.Geo., states: “For the second time this month, we are very pleased to have bettered the results obtained earlier from GS-20-57 which has an enriched interval that averages 1.40 gpt AuEq over 217.5 meters (544.5 to 762.0 meters) within an overall composite average of 0.845 gpt AuEq over 973.05m (34.50 to 1077.55 meters). Hole GS-20-65 was designed as a 100-meter undercut to drill hole GS-20-57. The result was a remarkable 348 meter intercept of 2.120 gpt AuEq within a larger 930 meter intercept of 1.161 gpt AuEq in drill hole GS-20-65. More drilling will be required in this central region in order to better define these higher-grade metal plumes that we believe occur throughout the Goldstorm System. There were three results over 15.0 gpt Au that occurred within GS-20-65. These include: 19.7 gpt Au over 1.5m (145.5 to 147.0 meters), 22.5 gpt Au over 1.5m (310.5 to 312.0 meters) and 34.2 gpt Au over 1.0 meter (921.0 to 922.0 meters). The focus for the rest of this summer will be to complete the exploration drilling to the limits of the known mineralization along the north-eastern axis. We have begun drilling on Pad 8 which is a 150 meter north-easterly step out from hole GS-20-47, which was the best intercept generated in 2019 where we obtained an intercept of 0.697 gpt AuEq over 1081.5 meters. That hole stopped in mineralization as it was the limit of the drill’s capacity. This year all six drills have modified heads to complete drill holes in excess of 1,800 meter depths. However, we anticipate that our longest holes for 2020 will be approximately 1,400 meters long.”

Konkin adds, “One of the most impressive aspects of the Goldstorm System is the consistent strength of the mineralization. Drill hole GS-20-64 was a steep-angled 150m step-out hole drilled to the northeast beyond the trace of the DS-5 intercept. This exploration hole targeted the extension of a very robust stockwork system that was intersected at the bottom of drill hole GS-19-47, 0.996 gpt AuEq over 243 meters (933.5 to 1176.5 meters). The intercept ended in mineralization at 1199m. The same DS-5 zone was intersected in GS-20-64 that doubled the intercept length from 243 meters to over 550 meters averaging 0.983 gpt AuEq (648.4 to 1198.95 meters) which is extremely consistent with the results obtained in GS-19-47. An enriched, upper portion of the stockwork system yielded 1.482 gpt AuEq over 154.5 meters (771.5 to 926.0 meters). We are currently re-drilling drill hole GS-19-47 as the system may be much larger than originally thought given the results obtained from the 150m northeast step out hole GS-20-64. The target is to drill through the entire stockwork profile that was discovered in 2019.”

The two tables below provide the complete list of drill hole results as well as the drill hole data including hole location, elevation, depth, dip and azimuth. The Section 110+00 NW and 115+50 NE are included at the bottom of the news release and on the Company’s website. These sections show the new drill holes plotted on their respective sections.



Table l Gold equivalent composite values from Section 110+00 & 115+50 NE of the Goldstorm Zone.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/60549_b9f8cf1024911836_001full.jpg

  • All assay values are uncut and intervals reflect drilled intercept lengths.
  • HQ and NQ2 diameter core samples were sawn in half and typically sampled at standard 1.5m intervals
  • The following metal prices were used to calculate the Au Eq metal content: Gold $1322/oz, Ag: $15.91/oz, Cu: $2.86/lb. Calculations used the formula Au Eq g/t = (Au g/t) + (Ag g/t x 0.012) + (Cu% x 1.4835). All metals are reported in USD and calculations do not consider metal recoveries. True widths have not been determined as the mineralized body remains open in all directions. Further drilling is required to determine the mineralized body orientation and true widths.

Table lI Drill hole data for GS-20-63 to GS-20-65 of the Goldstorm Zone.

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/60549_b9f8cf1024911836_002full.jpg

Walter Storm, President and CEO, stated: “Our technical team continues to explore several fronts of the target while obtaining excellent results and we continue significantly expand the size of Goldstorm system. The northeast-trending axis of the mineralized body of Goldstorm now exceeds a kilometre in length and we have yet to find the limit of the mineralization to the northeast and to depth. It was necessary to intensify our efforts by doubling our program to 40,000 meters and utilizing more drill rigs. We are very happy to announce the approval of our new work permit that allows us to expand drilling at Goldstorm as well as drill other zones. Tudor Gold’s construction crews are planning on building a lower drill camp that will add several months to the exploration season. We are now able to build operational trails to gain over-land access to the zones from the current camp and from the proposed lower camp at the toe of Treaty Glacier.”

Tudor Gold Corp and our associated service companies have taken extreme measures to maintain the highest professional standards while working within COVID-19 health and safety protocols. Only essential personnel are permitted to enter the camp and staging areas. Of those who are at the project site and staging site, we have strict daily monitoring of the workers’ temperatures and general health conditions. We have a certified paramedic at the staging area to examine all in-coming and out-going Tudor personnel and all service providers.

QA/QC

Drill core samples were prepared at MSA Labs’ Preparation Laboratory in Terrace, BC and assayed at MSA Labs’ Geochemical Laboratory in Langley, BC. Analytical accuracy and precision are monitored by the submission of blanks, certified standards and duplicate samples inserted at regular intervals into the sample stream by Tudor Gold personnel. MSA Laboratories quality system complies with the requirements for the International Standards ISO 17025 and ISO 9001. MSA Labs is independent of the Company.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is the Companys Vice President of Project Development, Ken Konkin, P.Geo. He has read and approved the scientific and technical information that forms the basis for the disclosure contained in this news release.

Treaty Creek JV Partnership

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

Treaty Creek Background

The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.



Sulphurets Hydrothermal System

To view an enhanced version of this graphic, please visit:
https://orders.newsfilecorp.com/files/682/60549_b9f8cf1024911836_003full.jpg

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia.

Two of those properties are located in the prolific “Golden Triangle”; the Treaty Creek JV with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

The Corporation also holds the Gold Hill, Austruck-Bonanza, Ample Goldmax, Silver Side, and Glitter King properties located in other prospective areas of the province.

See additional images of drill locations in this press release at www.americancreek.com

For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

CLIENT FEATURE: American Creek – Eric Sprott Sees The Big Picture $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM-Eric at 11:39 AM on Monday, July 20th, 2020

Eric Sprott Sees The Big Picture

As many of you know, Eric Sprott (single largest external investor in Treaty Creek) has a broadcast every Friday morning called the Eric’s Weekly Wrap Up.  We sent you the whole episode last week.
 
This week we’re just sending you a one minute clip of Eric talking about the big picture.  Take a listen by clicking on the image below:
 

The “other big deposit” on Treaty Creek that Eric is referring to is the Perfect Structural Storm. Find out more by clicking here.

American Creek’s Treaty Creek Property

The Sulphurets Hydrothermal System

More Information About The Treaty Creek Project Can Be Found Here

Treaty Creek JV Partnership

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”.

Treaty Creek Background

The Treaty Creek Project lies in the same hydrothermal system as Pretium’s Brucejack mine and Seabridge’s KSM deposits with far better logistics.

We believe that the Goldstorm deposit at Treaty Creek is quickly becoming one of most significant assets in the gold industry and will be highly sought after. 

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia. Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

  • For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at: www.americancreek.com

Plethora Precious Metals Fund Reports Equity Interest in Labrador Gold Corp. $LAB.ca $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca

Posted by AGORACOM-Eric at 10:29 AM on Thursday, July 2nd, 2020
http://blog.agoracom.com/wp-content/uploads/2020/03/LAB-square-logo.png
  • Plethora now owns 13.92% of LabGold

Stichting Depositary Plethora Precious Metals Fund (“Plethora”) announces that on June 26, 2020 it acquired 1,100,000 Units (hereinafter defined) of Labrador Gold Corp. (the “Company”) at $0.175 per Unit pursuant to a private placement for gross proceeds of $192,500 (the “Acquisition”). Each “Unit” acquired consists of one common share in the Company (a “Share”) and one common share purchase warrant in the Company (a “Warrant”). Each Warrant entitles the holder thereof to acquire one Share for $0.30 until June 25, 2022.

Prior to this Acquisition, Plethora owned or controlled 8,579,000 Shares and 1,500,000 common share purchase warrants representing 16.12% of the Company’s issued and outstanding Shares on a partially diluted basis. On an undiluted basis, Plethora’s ownership before the Acquisition represented 14.05% of the Company’s issued and outstanding Shares. Following the Acquisition, Plethora now owns or controls an aggregate 9,679,000 Shares, and 2,600,000 common share purchase warrants, representing 13.92% of the issued and outstanding Shares on a partially diluted basis. On an undiluted basis, Plethora’s ownership after the Acquisition represents 11.31% of the Company’s issued and outstanding Shares.

In satisfaction of the requirements of National Instrument 62-104 – Take-Over Bids and Issuer Bids and National Instrument 62-103 – The Early Warning System and Related Take-Over Bid and Insider Reporting Issues, an early warning report respecting the acquisition of securities by Plethora will be filed under the Company’s SEDAR Profile at www.sedar.com.

Plethora acquired the Units for investment purposes only, and depending on market and other conditions, Plethora may from time to time in the future increase or decrease their ownership, control or direction over securities of the Company, through market transactions, private agreements, or otherwise.

Plethora is incorporated under the laws of the Netherlands and its head office is located at Prins Hendriklaan 26, 1075HD, Amsterdam, Netherlands. The principal business of Plethora is a Management Fund.

For information, please contact:

Douwe van Hees- Fund Manager
Prins Hendriklaan 26
1075HD, Amsterdam
Netherlands
Phone: +3 16 14 51 46 92

About Labrador Gold:

Labrador Gold is a Canadian based mineral exploration company focused on the acquisition and exploration of prospective gold projects in the Americas.

In early March 2020, Labrador Gold acquired the option to earn a 100% interest in the Kingsway project in the Gander area of Newfoundland. The property is along strike to the northeast of New Found Gold’s discovery of 92.86 g/t Au over 19.0 metres on their Queensway property. (Note that mineralization hosted on adjacent or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property). The two licenses comprising the Kingsway project cover approximately 16km of the Appleton fault zone which is associated with gold occurrences in the region, including the New Found Gold discovery. Historical work over the area covered by the Kingsway licenses shows evidence of gold in till, vegetation, soil, stream sediments, lake sediments and float. Infrastructure in the area is excellent located just 18km from the town of Gander with road access to the project, nearby electricity and abundant local water.

The Hopedale property covers much of the Florence Lake greenstone belt that stretches over 60 km. The belt is typical of greenstone belts around the world but has been underexplored by comparison. Initial work by Labrador Gold during 2017 show gold anomalies in soils and lake sediments over a 3 kilometre section of the northern portion of the Florence Lake greenstone belt in the vicinity of the known Thurber Dog gold showing where grab samples assayed up to 7.8g/t gold. In addition, anomalous gold in soil and lake sediment samples occur over approximately 40 kilometres along the southern section of the greenstone belt (see news release dated January 25th 2018 for more details).

The Ashuanipi gold project is located just 35 km from the historical iron ore mining community of Schefferville, which is linked by rail to the port of Sept Iles, Quebec in the south. The claim blocks cover large lake sediment gold anomalies that, with the exception of local prospecting, have not seen a systematic modern day exploration program. Results of the 2017 reconnaissance exploration program following up the lake sediment anomalies show gold anomalies in soils and lake sediments over a 15 kilometre long by 2 to 6 kilometre wide north-south trend and over a 14 kilometre long by 2 to 4 kilometre wide east-west trend. The anomalies appear to be broadly associated with magnetic highs and do not show any correlation with specific rock types on a regional scale (see news release dated January 18th 2018). This suggests a possible structural control on the localization of the gold anomalies. Historical work 30 km north on the Quebec side led to gold intersections of up to 2.23 grams per tonne (g/t) Au over 19.55 metres (not true width) (Source: IOS Services Geoscientifiques, 2012, Exploration and geological reconnaissance work in the Goodwood River Area, Sheffor Project, Summer Field Season 2011). Gold in both areas appears to be associated with similar rock types.

CLIENT FEATURE: Accelerating Gold Market Pushing American Creek To New Highs $AMK.ca $TUD.ca $SII.ca $GTT.ca $AFF.ca $SEA.ca $SA $PVG.ca $AOT.ca $ESK.ca

Posted by AGORACOM-Eric at 10:59 AM on Friday, June 26th, 2020
  • American Creek has broken out technically and is at a 52 week high
  • Has not seen this price since 2011
  • Gold Bull Market accelerating toward $1900 driving AMK
  • Third Drill onsite accelerating drilling production at Treaty Creek
  • World Classs Asset being developed
  • Located next to the world’s largest undeveloped gold deposit by reserves in B.C.’s  Golden Triangle (KSM)  
  • 2020 Drill Holes have already been shipped to the lab for assays.  

American Creek has a Fully Carried 20% Interest in the Treaty Creek Project 

  • The currently known length of the northeast axis of the Goldstorm system is 850 meters and the southeast axis is 600 meters by 700m depth. 
  • Mineralization depth in the north continues to 1,200m
  • The system remains open in both directions and in depth  
  • The total size of this mighty gold system has expanded significantly with each step-out borehole  
  • The richest mineralization at ‘Treaty Creek’ starts near the surface extending to a 300m depth
  • The gold system is open on all sides and the geology and geophysics indicate a much larger system than has been defined.  

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 3/5th and acting as operator. American Creek and Teuton Resources each have a 1/5th interest in the project creating a 3:1 ownership relationship between Tudor Gold and American Creek. American Creek and Teuton are both fully carried until such time as a Production Notice is issued, at which time they are required to contribute their respective 20% share of development costs. Until such time, Tudor is required to fund all exploration and development costs while both American Creek and Teuton have “free rides”. 

World Classs 2019 Drill Results:

  • Drill hole GS19-42: 0.849 g / t Gold Eq over 780 meters including 1.275 g / t Gold Eq over 370.5 meters in the 300 Horizon section;  
  • Hole GS19-47: 0.697 g / t Gold Eq over 1,081.5 meters including 0.867 g / t Gold Eq over 301.5 meters in the 300 Horizon section;  
  • Drill hole GS19-52: 0.783 g / t gold Eq over 601.5 meters incl. 1.062 g / t gold over 336.0 meters in the 300 Horizon section;  
  • Hole GS19-48: 0.793 g / t Gold Eq over 927.0 meters;  
  • Hole GS19-49: 0.800 g / t gold Eq over 826.5 meters including 1.080 g / t gold over 249 meters;  
  • Hole GS19-50: 0.681 g / t Gold Eq over 577.5 meters; Hole CB-18-39: 1,086 g / t Gold Eq over 563.8 meters 

Proximity to KSM:

  • Seabridge Gold is the adjacent neighbor to Tudor Gold’s Treaty Creek project and plans to bring the “KSM project” into production with an initial cost of capital of $5.4 billion est.
  • Tudor’s Treaty Creek project is significantly closer to key infrastructure such as highway and electricity than its neighbor Seabridge Gold.
    • Lower capital costs to build a mine at Treaty Creek is advantageous over SEA.

About American Creek

American Creek is a Canadian junior mineral exploration company with a strong portfolio of gold and silver properties in British Columbia. Three of those properties are located in the prolific “Golden Triangle”; the Treaty Creek and Electrum joint venture projects with Tudor Gold/Walter Storm as well as the 100% owned past producing Dunwell Mine.

  • For further information please contact Kelvin Burton at: Phone: 403 752-4040 or Email: [email protected]. Information relating to the Corporation is available on its website at www.americancreek.com

Gold and Silver Penny Stocks Could Be the Next Robinhood Trader Obsession SPONSOR: Labrador Gold $LAB.ca $RIO.ca $WHM.ca $SIC.ca $NXS.ca $NVO.ca

Posted by AGORACOM-Eric at 9:28 AM on Friday, June 26th, 2020

SPONSOR: Labrador Gold – Two successful gold explorers lead the way in the Labrador gold rush targeting the under-explored gold potential of the province. Exploration has already outlined district scale gold on two projects, including a 40km strike length of the Florence Lake greenstone belt, one of two greenstone belts covered by the Hopedale Project. Recently acquired 14km of the potential extension of the new discovery by New Found Gold’s Queensway project to the south. Click Here for More Info

This image has an empty alt attribute; its file name is MW-HL158_indian_20190611035537_ZQ.jpg
“Fortune and Glory Kid”

Providing our call of the day is Crescat Capital’s global macro analyst Otavio ‘Tavi’ Costa, who thinks we’re in the early stages of a major bull market for precious metals as a noncorrelated macro asset class. That is good news for one unloved group of stocks.

“Wait until the Robinhood traders learn about the gold and silver penny stocks, that’s where we’re long,” Costa told MarketWatch. He was referring to a low-cost trading app that has lured a flood of new investors, who have lately won some bets on beaten-down stocks.

“The mining space has been in sort of a recession since the 2011 peak of gold and silver prices. The capital in the space has dried up significantly. I think that now with the macro and fundamentals aligning with technicals on the long-term side, I’ve never seen such a good setup for an industry like precious metals,” said Costa.

Costa says they have been taking friendly activist stakes in some “junior explorer” miners with prolific projects.” Crescat created a fund devoted to mining companies a year ago because the sector was so beaten-down.

https://www.youtube.com/watch?time_continue=6&v=IMeJrGBFiLw&feature=emb_logo

Miners are divided into juniors GDXJ, +0.79% that focus on hunts for precious metal deposits, and senior miners GDX, +0.63% that have big developed mining operations

He said the large-cap mining space has started to improve a bit, and thinks investors will move from there onto the bottom part of the industry.

The overall market cap of the precious-metals industry represents less than 1% of the overall market cap of the equity market as a whole, said Costa. It is best placed to benefit from factors such as a virus-driven depressed economic picture, historically high U.S. equity valuations, fiat money printing globally and suppressed long-term rates, to name a few.

“The metals prices should be rising significantly and capital will start to pour into the industry in general, and I think that’s going to be a big change in terms of margins and fundamentals of those businesses,” said Costa. The mining sector is trading at five to 10 times free cash flow — a measure of company’s operating expenses and capital spending — versus any tech-sector industry that trades at 20 to 70 times sales.

“There are no fundamental reasons in which we’re going to see organic growth in the economy, and that brings you back to the situation of the government. It’s already broke and deficits will only increase going forward…it will force the Fed to continue stimulus going forward. That creates and an environment for gold,” and all those miners, he said. Read more on his thoughts here.

SOURCE:https://www.marketwatch.com/story/gold-and-silver-penny-stocks-could-be-the-next-robinhood-trader-obsession-says-this-portfolio-manager-2020-06-25?mod=mw_latestnews

Barrick Begins Drilling on Loncor $LN.ca Joint Venture Ground in DRC $LN.ca $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Posted by AGORACOM-Eric at 8:41 AM on Monday, June 22nd, 2020
  • Barrick Gold commenced drilling on several high priority gold targets
  • Since entering the JV agreement with Loncor in January 2016, Barrick has conducted various exploratory programs to define drill targets that offer the early potential of attaining “Tier 1” status.
  • “Tier 1” deposits target a minimum of 5 million ounces

TORONTO, June 22, 2020 (GLOBE NEWSWIRE) — Loncor Resources Inc. (“Loncor” or the “Company“) (TSX: “LN”; OTCQB: “LONCF”) announces that Barrick Gold (Congo) SARL has commenced its core drilling program on several priority gold targets within the Ngayu greenstone belt in the northeast of the Democratic Republic of the Congo (“DRC”). The beginning of the drilling campaign signals a significant step in the sequence of events necessary to assess numerous areas of potential. Since entering the JV agreement with Loncor in January 2016, Barrick has conducted various exploratory programs to define drill targets, targets that offer the early potential of attaining “Tier 1” status.

Commenting on the start of drilling at Ngayu, Loncor’s CEO Arnold Kondrat said: “Barrick continues to illustrate the progress that can be made in the DRC. Having built the successful Kibali gold mine approximately 220 kms away, Barrick has now embarked on its drilling program at Ngayu, an area that we believe holds the potential for further significant gold discoveries similar to our own Adumbi deposit.”

The drilling on the Anguluku prospect is targeting a folded and thrust sequence of mineralised banded ironstone formation (“BIF”). Further drilling is planned to be undertaken by Barrick at the other priority targets of Medere, Makasi, Lybie, Salisa and Bakpau NE in the Imva area in the west of the Ngayu belt (see Figure 1 below)

Loncor Continues to Explore – Imbo Exploitation Permit (Loncor 76.29%)

Outside of the Barrick joint venture, exploration activities by Loncor continued on Loncor’s Imbo Project in the east of the Ngayu belt. The Imbo Project contains 2.5 million ounces of inferred mineral resource (30.65 million tonnes grading 2.54 g/t Au), which includes the 2.19 million ounce inferred mineral resource of the Adumbi deposit (28.97 million tonnes grading 2.35 g/t), with 76.29% of this resource being attributable to Loncor via its 76.29% interest in the Imbo Project. Fieldwork by Loncor geologists have been focusing on the Imbo East prospect 12 kilometres southwest of the Adumbi deposit, along the same mineralised structural trend. Gridding, soil and rock sampling are being undertaken over a strike length of 3.6 kilometres at Imbo East.

In addition, two new targets have been generated. Both these target areas were identified from the compilation and interpretation of previous, historical exploration data including soil geochemistry, rock chip and channel sampling. At Mambo Bado, 1.5 kilometres northwest of the Adumbi deposit, a prominent geochemical gold in soil anomaly is located on an extensional, E-W structural jog along the 14-kilometre northwest trending mineralised shear zone within the Imbo permit area. No drilling has been undertaken previously on this promising target. Two kilometres south of the Adumbi deposit, at Lisala, altered and brecciated BIF with anomalous rock sampling requires further follow up with gridding, soil sampling and additional channel sampling.

About Loncor Resources Inc.
Loncor is a Canadian gold exploration company focussed on the Ngayu Greenstone Belt in the northeast of the Democratic Republic of the Congo (the “DRC”). The Loncor team has over two decades of experience of operating in the DRC. Ngayu has numerous positive indicators based on the geology, artisanal activity, encouraging drill results and an existing gold resource base. The area is 220 kilometres southwest of the Kibali gold mine, which is operated by Barrick Gold (Congo) SARL (“Barrick”). In 2019, Kibali produced record gold production of 814,000 ounces at “all-in sustaining costs” of US$693/oz. Barrick has highlighted the Ngayu Greenstone Belt as an area of particular exploration interest and is moving towards earning 65% of any discovery in 1,894 km2 of Loncor ground that they are exploring. As per the joint venture agreement signed in January 2016, Barrick manages and funds exploration on the said ground at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting the investment criteria of Barrick. In a recent announcement Barrick highlighted six prospective drill targets and are moving towards confirmation drilling in 2020. Subject to the DRC’s free carried interest requirements, Barrick would earn 65% of any discovery with Loncor holding the balance of 35%. Loncor will be required, from that point forward, to fund its pro-rata share in respect of the discovery in order to maintain its 35% interest or be diluted.

In addition to the Barrick JV, certain parcels of land within the Ngayu project surrounding and including the Adumbi and Makapela deposits have been retained by Loncor and do not form part of the joint venture with Barrick. Barrick has certain pre-emptive rights over the Makapela deposit. Adumbi and two neighbouring deposits hold an inferred mineral resource of 2.5 million ounces of gold (30.65 million tonnes grading 2.54 g/t Au), with 76.29% of this resource being attributable to Loncor via its 76.29% interest in the project. The Makapela deposit (which is 100%-owned by Loncor) has an indicated mineral resource of 614,200 ounces of gold (2.20 million tonnes grading 8.66 g/t Au) and an inferred mineral resource of 549,600 ounces of gold (3.22 million tonnes grading 5.30 g/t Au).

Resolute Mining Limited (ASX/LSE: “RSG”) owns 26% of the outstanding shares of Loncor and holds a pre-emptive right to maintain its pro rata equity ownership interest in Loncor following the completion by Loncor of any proposed equity offering. 

Additional information with respect to Loncor and its projects can be found on Loncor’s website at www.loncor.com.