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Candente Copper $DNT.ca Adopts Shareholder Rights Plan $CN.ca $FCX $BHP $TECK.ca

Posted by AGORACOM-Eric at 8:07 AM on Tuesday, August 11th, 2020

VANCOUVER, British Columbia, Aug. 11, 2020 (GLOBE NEWSWIRE) — Candente Copper Corp. (TSX:DNT, BVL:DNT) (“Candente Copper” or the “Company”) advises that Mr. Luis Miguel Inchaustegui Zevallos has resigned as Advisor and Director of our Peruvian subsidiary, Cañariaco Copper Perú S.A. (”Cañariaco”) and has been named Minister of Energy and Mines of Peru. 

We thank Mr. Inchaustegui for all of his excellent advice and wish him all the best in his new endeavours.

On another matter the Company also advises that the Board of Directors has adopted a new shareholder rights plan (“Rights Plan”), which is designed to encourage the fair treatment of the Company’s Shareholders in connection with any potential take‑over bid for the Company. The Rights Plan is not intended to deter or prevent take‑over bids and is similar to plans adopted recently by several other Canadian public companies and approved by their Shareholders. 

Background and Purpose of the Rights Plan

The Rights Plan will:

  1. encourage the fair treatment of shareholders of the Company in connection with any Offer to Acquire the outstanding Voting Shares;
  2. ensure, to the extent possible, that the shareholders of the Company and the Board of Directors have adequate time to consider and evaluate any unsolicited Offer to Acquire the outstanding Voting Shares;
  3. ensure, to the extent possible, that the Board of Directors has adequate time to identify, develop and negotiate value-enhancing alternatives, as appropriate, to any unsolicited Offer to Acquire the outstanding Voting Shares; and
  4. generally assist the Board of Directors to enhance shareholder value.

Take‑over bid contests for corporate control provide a singular opportunity for Shareholders to obtain a one‑time gain. After the acquisition of effective control, the opportunity for this one‑time gain normally does not re‑occur. As with most public companies, it is possible for a person to secure control of the Company through the ownership of much less than 50% of the Company’s shares. Without a shareholder rights plan, a bidder could acquire effective control of the Company over a relatively short period of time, through open market and private purchases and using various techniques permitted under Canadian securities legislation, all without making a bid available to all Shareholders. This acquisition of control would probably be an effective deterrent to other potential offerors. The person acquiring control might also be able to consolidate and increase its control, over a period of time, without the price for control ever being tested through an open market auction. Shareholder rights plans are designed to prevent this occurrence by forcing all acquisitions of control into a public offer mode.

A public offer will not necessarily achieve all of the objectives of ensuring the maximum value to Shareholders. The Rights Plan is intended to provide the Board with sufficient time to pursue alternatives and to provide Shareholders with sufficient time to properly assess any take‑over bid.

The Company is not proposing the Rights Plan in response to or in anticipation of any acquisition or take‑over bid. The Rights Plan is not intended to prevent a take‑over of the Company, to secure continuance of current management or the directors in office, or to deter fair offers for the Company’s shares. The Rights Plan does not inhibit or prevent any Shareholder from using the proxy mechanism set out in the BCBCA to promote a change in the management or direction of the Company. The Rights Plan may, however, increase the price to be paid by a potential offeror to obtain control of the Company and may discourage certain transactions.

The Rights Plan does not affect in any way the Company’s financial condition. The initial issuance of the Rights will not dilute the Company’s shares and will not affect reported earnings or cash flow per share until the Rights separate from the underlying common shares and become exercisable. The adoption of the Rights Plan will not lessen or affect the duty of the Company’s directors to act honestly, in good faith, and in the Company’s best interests. The Rights Plan is designed to provide the directors with the means to negotiate with an offeror and with sufficient time to seek out and identify alternative transactions on behalf of the Shareholders.

The Rights Plan is subject to Toronto Stock Exchange and Shareholder approval at the upcoming Annual General Meeting on September 17th, 2020.  If the Shareholders do not approve the Rights Plan, it will terminate or not become effective, as applicable. The Rights Plan will also expire if the Rights are redeemed by the Company. A copy of the Rights Plan Agreement can be requested for review to [email protected].Once the Rights Plan has been approved, it will be filed on SEDAR at www.sedar.com and posted on the Company’s website at www.candentecopper.com.

About Candente Copper
Candente Copper is a mineral exploration company engaged in acquisition, exploration, and development of mineral properties. The Company is currently focused on its 100% owned Cañariaco project, which includes the Feasibility stage Cañariaco Norte deposit as well as the Cañariaco Sur deposit and Quebrada Verde prospect, located within the western Cordillera of the Peruvian Andes in the Department of Lambayeque in Northern Peru.

At Cañariaco Norte, 7.5 billion pounds of copper have been delineated in a Measured and Indicated* resource of 752.4 million tonnes grading 0.49% copper equivalent** and an Inferred Resource of 157.7 million tonnes at 0.44% copper equivalent has also been delineated.

Fifteen drill holes have confirmed that Cañariaco Sur hosts a porphyry-copper deposit, however the average grade and full dimensions of the deposit are as yet unknown. Quebrada Verde also hosts a geochemical and geophysical target where porphyry style copper mineralization is exposed in creek beds. 

Candente Copper also holds other porphyry copper-gold exploration projects in Peru. 

Joanne C. Freeze, P.Geo., CEO, is the Qualified Person as defined by National Instrument 43-101 for the projects discussed above. She has reviewed and approved the contents of this release.

*The ‘Measured and Indicated Resource listed above consists of Measured Resources of 338.1Mt at 0.48% Cu , 0.08 g/t Au, and 2.0/t Ag (0.52% Cu Eq.), plus Indicated Resources of 414.3Mt at 0.43% Cu, 0.06 g/t Au, and 1.8 g/t Ag (o.46% Cu Eq.).  All resources quoted in this release are based on a 0.30% copper cut-off grade and 229 drill holes completed to the end of 2008.

**Copper equivalent grade including gold and silver, metal recoveries (copper 90%, gold 55%; silver 50%) and smelter returns (copper 96.5%: gold 93%; silver 90%) applied. Copper grade equivalent calculation: Cu Eq% =(Cu % + ((Au grade x Au price x Au recovery x Au smelter return%)+(Ag grade x Ag price x Ag recovery x Ag smelter return%))/(22.0462 x Cu price x 31.0135 g/t x Cu recovery x Cu smelter return%). The metal prices used are: copper US$2.50/lb, gold US$1,035/oz and silver US$17.25/oz.

On behalf of the Board of Candente Copper Corp.

“Joanne C. Freeze” P.Geo.
President, CEO and Director
___________________________________
For further information please contact:

“Joanne C. Freeze” P.Geo.
President, CEO and Director
Tel +1 604-689-1957
[email protected]
www.candentecopper.com

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

Agoracom Welcomes Candente Copper with Canariaco Deposit, Included in Goldman Sachs 84 Top Copper Projects Worldwide $DNT.ca $CN.ca $FCX $BHP $TECK.ca

Posted by AGORACOM-Eric at 9:18 AM on Thursday, August 6th, 2020

CANDENTE HIGHLIGHTS:

  • Canariaco Included in Goldman Sachs 84 Top Copper Projects Worldwide
    • Cañariaco in Lowest Quartile of Copper Industry Production Costs
    • Definitive Feasibility 50% Complete
    • Higher grade throughput of 0.54% CuEqMill Feed Grade during first 3 years
    • Rising Copper and Gold Prices Impacting 2011 PFS
  • Fortescue Metals Group Ltd. owns 19.92% interest
    • Joint technical committee created to identify optimum strategy for Cañariaco development

Project Highlights:

Cañariaco Norte is a 100% owned feasibility-stage porphyry copper deposit

  • A single, contiguous, open-pit mineable deposit of 7.5B pounds Measured and Indicated,
  • 1.4B pounds Inferred Porphyry Copper Deposit
  • Annual production of 262,000,000lbs of copper, 39,000 oz gold & 911,000 oz silver over initial mine life of 22 yrs(@ 95,000 tpd)

Pre-Feasibility Study

  • NPV of US $922M and IRR of 17.3% (using US$2.25 copper and an 8% discount rate)
  • Payback of preproduction capital in 4.4 years (after-tax)
  • Copper Production of 262,000,000 pounds per year
  • Initial Mine life of 22 years+
  • Throughput rate of 95,000 tonnes per day
  • Operating costs of US$0.988 per pound of copper (including onsite/offsite costs, taxes and byproduct credits)
  • Minimal infrastructure required, excellent locations for all site facilities, close to existing highway (42km away) and power grid (57km away) & abundant water at site
  • Very strong community & regional support

The Cañariaco Norte Copper Project

  • Canariaco in Top 80 Deposits slated for Development according to Goldman Sachs
    • 42 in South America –Cañariaco Included
    • Cañariaco in Lowest Quartile of Copper Industry Production Costs
  • Large scale porphyry copper–gold-silver deposit in Northern Peru
  • 7.5B pounds Measured and Indicated, plus 1.4B pounds Inferred Porphyry Copper Deposit
  • Deposit and Scope of Project Development well defined by Pre-Feasibility Studies in 2011
  • Annual production of 262,000,000lbs of copper, 39,000 oz gold & 911,000 oz silver over initial mine life of 22 yrs(@ 95,000 tpd)
  • Operating costs of US$0.988 per pound of copper (including onsite/offsite costs, taxes and byproduct credits
  • Strong Government support

Resource and Mine Plan

123 Million tonnes @ 0.58% Cu Eq (0.4% Cu cutoff) Measured

752 Million tonnes @ 0.52% Cu Eq (0.3% Cu cutoff) M & Indicated

1.0 Billion tonnes @ 0.46% Cu Eq(0.2% Cu cutoff) M & I

Current Mine Plan 728.2 Million tonnes @ 0.46% CuEqMill Feed Grade

  • Higher grade throughput of 0.54% CuEqMill Feed Grade during first 3 years

Canariaco Price Sensitivities Chart

  • Rising Copper and Silver Prices dramatically Project Economics
  • Based on 2011 Pre-Feasibility Progress Report

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.  

Disclaimer: All information published in the report is based on careful research. The information does not constitute an offer to sell the shares discussed or a solicitation to buy or sell securities. This report represents only the personal opinion of Jörg Schulte and is in no way to be compared with a financial analysis. Before you make any investments, professional advice from your bank is essential. The statements are based on sources that the publisher and his employees consider to be trustworthy. However, no liability can be accepted for the correctness of the content. No liability is assumed for the correctness of the charts and data shown on the commodity, foreign exchange and stock markets. The source language (usually English) in which the original text is published is the official, authorized and legally valid version. This translation is included for better understanding. The German version can be shortened or summarized. No responsibility or liability is assumed: for the content, correctness, adequacy or accuracy of this translation. From the translator’s point of view, the message does not constitute a buy or sell recommendation! Read here – for the accuracy, adequacy or accuracy of this translation. From the translator’s point of view, the message does not constitute a buy or sell recommendation! Read here – for the accuracy, adequacy or accuracy of this translation. From the translator’s point of view, the message does not constitute a buy or sell recommendation! Read here –https://www.js-research.de/disclaimer-agb/ -. Please also note the original English message, if available.

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



Disclaimer
The contributions offered here are for information purposes only and do not constitute any recommendations to buy or sell. They are neither to be understood explicitly nor implicitly as an assurance of a specific price development of the financial instruments mentioned or as a call for action. The purchase of securities carries risks that can lead to a total loss of the capital invested. The information does not replace expert investment advice tailored to individual needs. A liability or guarantee for the topicality, correctness, appropriateness and completeness of the provided information as well as for financial loss is neither expressly nor implicitly assumed. wallstreet: online has no influence on the published content and no knowledge of the content and subject matter of the articles before publication. Authors such as guest commentators, news agencies and companies publish the articles marked by name on their own responsibility. As a result, the content of the contributions cannot be determined by investment interests of wallstreet: online and / or its employees or organs. The guest commentators, news agencies and companies do not belong to the editorial team of wallstreet: online. Your opinions do not necessarily reflect the opinions and opinions of wallstreet: online and its employees. ( Detailed disclaimer )

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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
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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

Gold Prices Supported by Negative and Near-Zero Bond Yields SPONSOR Durango Resources $DGO.ca $BTR.ca $OSK.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 4:44 PM on Tuesday, July 21st, 2020
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Durango owns 100% interest in the Trove claims, in the Windfall Lake area between Val d’Or and Chibougamau, Quebec., which are surrounded by Osisko Mining Inc. The property is compelling due to the coincidence of gold found in tills, coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. Durango is undergoing a final review process for the proposed 3,000m drill program in 2020. Click Here For More Info

Global investors seeking a perceived safe haven piled into gold-backed ETFs in 2019, making it the best year on record for gold holdings. Assets under management (AUM) in gold bullion ETFs expanded 37 percent from the previous year, adding $19.2 billion, or 400 tonnes, according to the World Gold Council (WGC). During the fourth quarter, total holdings hit a jaw-dropping 2,900 tonnes, the equivalent of 102 million ounces, which is the most on record.

Physical gold, meanwhile, had its best year since 2010, climbing as much as 18.31 percent. The yellow metal’s role as an exceptional store of value shined brightly in the second half of 2019 when the pool of negative-yielding debt around the world began to skyrocket, eventually topping out at around $17 trillion in August.

As of January 2020, it’s estimated that about 30 percent of all investment-grade sovereign government bonds and 15 percent of corporate bonds traded with a negative yield. This means that investors who buy and hold them until maturity are guaranteed to make a loss.

The 30 percent referenced above only includes nominal rates. When adjusted for inflation, some 90 percent of government debt has a negative yield right now, according to WGC estimates.

“And the low rate environment is unlikely to change any time soon,” writes WGC analysts in their “Outlook 2020” report, released January 15. “Many central banks—the highest number since the global financial crisis—are cutting rates, expanding or implementing quantitative (or quasi-quantitative) easing and, in some instances, doing both.”

Lower for Longer

Some economists use the term “Japanification” to describe the process of being permanently stuck in an environment of low inflation and even lower rates, which leaves policymakers with few options to jolt the economy.

Last year, the Federal Reserve, European Central Bank (ECB) and Bank of Japan (BoJ)—which represent a collective 45 percent of world gross domestic product (GDP)—all either cut lending rates or kept them steady at below 0 percent. Japanese officials hinted that they might trim rates further, while President Donald Trump publically pressured Fed Chair Jerome Powell to implement a low-interest policy that’s more in line with other economies.

The U.S. is “one recession away from joining Europe and Japan in the monetary black hole of zero rates and no prospect of escape,” comments Larry Summers, former director of the National Economic Council (NEC).

This isn’t a phenomenon seen just in developed economies. Emerging markets are in rate-cutting mode as well. In November, there were as many as eight net rate cuts among a group of 37 developing economies, according to Refinitiv. November, in fact, marked the 10th straight month of net cuts, the longest easing cycle for emerging market central banks since 2013.

Turkey’s is the most recent central bank to lower rates, from 12 percent to 11.25 percent on January 15, pushing its benchmark rate below 0 percent for the first time, when adjusted for inflation.

Interest in Gold as an Investment Has Increased

For these reasons and more, interest in gold as an investment has surged, if internet search results are any indication. According to Google Trends data, search queries for the key phrase “gold investment” reached their most extreme level in the past five years. In the chart below, the left axis represents search interest relative to the highest point for the given time period. On January 12, the “gold investment” search term had a reading of 100, indicating that interest in the topic was very recently at its highest point for the five-year timeframe. 

So How Can You Participate?

Besides buying physical gold—in bars, coins or jewelry—investors can get exposure through futures contracts or by buying individual gold mining stocks, mutual funds or ETFs. Our favorite strategy to use is the U.S. Global GO GOLD and Precious Metal Miners ETF (GOAU). The ETF, which launched in June 2017, ended the year up a phenomenal 54.2 percent, beating the price of gold bullion (up 18.3 percent) as well as gold mining companies (up 41.6 percent).

GOAU managed to deliver such impressive results because, number one, it’s quant-based and highly selective of the companies it invests in. Unlike many other gold ETFs, which are market cap-weighted, GOAU aims to select only the most profitable, undervalued and high-momentum mining stocks. It’s also rebalanced and reconstituted at the start of every quarter.

What really makes all the difference is that approximately 30 percent of the ETF is invested in the top three royalty and streaming companies—Franco-Nevada, Wheaton Precious Metals and Royal Gold. Fellow streamers Osisko Gold Royalties and Sandstorm Gold represent a further 8 percent of GOAU, as of January.

We believe these firms are the “smart money” of the metals and mining industry. Royalty and streaming companies can help investors manage many common risks associated with traditional producers. Because they’re not directly responsible for building and maintaining mines and other costly infrastructure, huge operating expenses can be avoided. They also hold highly diversified portfolios of mines and other assets, which helps mitigate concentration risk in the event that one of the properties stops producing. As a result, royalty companies have enjoyed a much lower breakeven cost than traditional miners.

SOURCE: https://www.usglobaletfs.com/insights/gold-prices-supported-by-negative-and-near-zero-bond-yields/

Durango $DGO.ca Completes Site Preparation at Windfall Lake $BTR.ca $OSK.ca $SII.ca $TLG.ca

Posted by AGORACOM-Eric at 9:54 AM on Wednesday, July 15th, 2020
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  • Identified 15 drill targets for the Trove Property to test favourable IP signatures

July 15, 2020 – Durango Resources Inc. (TSXV-DGO) (Frankfurt-86A1) (OTC:ATOXF), (the “Company” or “Durango“) is pleased to report that its exploration team has completed the initial 2020 reconaissance program on its Windfall Lake, Quebec land package.

As announced on July 2, 2020, Durango deployed its exploration crew to the Trove Property to prepare the site for the 2020 summer drill program. Durango has identified 15 drill targets for the Trove Property to test favourable IP signatures which coincide with geochemistry anomalies including gold found in till samples. Drill access was created on the Trove Property as necessary for the upcoming summer drill program.

Additional mapping and sampling were completed on the Trove Property due to the additional road access recently built by forest companies. Fifty nine (59) grab and channel samples were also collected on the Trove Property. The accessibility of the new outcrops permitted Durango to take additional structural measurements for the upcoming summer drill campaign.

Mineralized zones, hematite quartz veins and lithological contacts including felsic dykes and mafic volcanics were mapped and sampled on the Trove Property. Some mineralized zones with pyrrhotite, traces of chalcopyrite and hematite alteration associated with quartz veins were observed in the sampled areas on the Trove Property. Several gold deposits in the Urban Barry belt have been associated with a set of northeast (NE) shear zones accompanied with deformation by a magmatic event represented by quartz feldspar porphyry (QFP) dykes which are now identified on the Trove Property.

It is recommended that mechanical stripping and sampling be completed immediately on the northeast extremity of the Trove Property near one the previously defined drill targets which may be controlled by the NE-SW Barry fault and associated shear zones.

Nine (9) till samples were also collected on Durango’s East Barry Property along the projected contact of the intrusives and the volcanics. Till sampling conducted in 2018 and 2019 identified a 5km trend but no new outcrops were discovered during the short campaign.

Marcy Kiesman, CEO of Durango, stated, “I am very enthusiastic that many of our first stage observations at the Trove Property correspond to the mineralization reported by Osisko Mining on their neighbouring properties, specifically, in Osisko’s 2018 drilling campaign that returned results of up to 5g/t gold. The potential for the Trove and East Barry properties are high which is great news for our shareholders and further presses the importance of our exceptional properties at Windfall.”

Additional information on the exploration program, including financing, will be released as it becomes available.

The technical contents of this press release were approved by George Yordanov, professional geologist, an Independent Qualified Person as defined by National Instrument 43-101. The property has not yet been subject to an NI-43-101 report.

Trove, Quebec

Durango owns 100% interest in the Trove claims, which are surrounded by Osisko Mining Inc. (TSX: OSK) , in the Windfall Lake area between Val d’Or and Chibougamau, Quebec. The 1,185 hectare property is compelling due to the coincidence of gold found in tills coinciding with magnetic highs, several Induced Polarization anomalies and two faults crosscutting the property. The fault systems north and south of the Trove, control gold mineralization elsewhere, indicating the Trove has excellent exploration potential. Durango received all the final drill permits for the Trove property in September 2019 and is undergoing its final reviewing process for the proposed 3,000m drill program.

East Barry, Quebec

Durango owns 100% interest in the East Barry claims which run parallel to Trove claims. The East Barry block is over 6,100 hectares in size and borders the eastern perimeter of Osisko’s holdings and the southern perimeter of Bonterra’s holdings and is less than 4km south of the Gladiator deposit. The East Barry claims host a gold trend which covers approximately 10km in length and is subparallel to the main Barry Fault held by Osisko. In 2018 a till sampling program was conducted and one of the till samples returned fourty-two (42) pristine gold grains with reported gold values of 2.184 g/t Au. A high count of pristine gold grains indicates that the gold has travelled a very short distance from its source. The East Barry block underwent an Induced Polarization survey in 2018 which identified a high priority target coincident with the high count of pristine gold grains.

About Durango

Durango is a natural resources company engaged in the acquisition and exploration of mineral properties. The Company is positioned for discovery with a 100% interest in a strategically located group of properties in the Windfall Lake gold camp in the Abitibi region of Quebec, Canada.

For further information on Durango, please refer to its SEDAR profile at www.sedar.com.

Marcy Kiesman, CEO

Telephone: 604.428.2900 or 604.339.2243

Email: [email protected]

Website: www.durangoresourcesinc.comUnfollowRecommend

Early Signals of What is Coming in Juniors SPONSOR: Loncor Resources $LN.ca $ABX.ca $TECK.ca $RSG $NGT.to $GOLD $NEM

Posted by AGORACOM-Eric at 11:24 AM on Tuesday, July 7th, 2020

Sponsor: Loncor, a Canadian gold explorer controlling over 3.6 million high grade ounces outside of a Barrick JV. The Ngayu JV property is 200km southwest of the Kibali gold mine, operated by Barrick, which produced 814,000 ounces of gold in 2019. Barrick manages and funds exploration at the Ngayu project until the completion of a pre-feasibility study on any gold discovery meeting their Tier One investment criteria. Newmont $NGT $NEM owns 7.8%, Resolute $RSG owns 27% Management owns 29% Click Here for More Info

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  • Precious Metals have not broken out. Not yet.

Gold closed the week at $1790 and Silver at $18.32. They have yet to breach critical resistance levels at $1800 and $18.75. 

But the junior sector has broken out. 

Both GDXJ (juniors ETF) and GOEX (explorers ETF) eclipsed 7-year resistance and made new daily and weekly highs. 

The senior miners have lagged in recent days. Capital is flowing downstream.

Anecdotally speaking, did you notice the moves in various individual juniors within the past two weeks? 

Quality juniors and even some juniors devoid of quality and a mining-related purpose surged higher. I will spare you the names.

Some daily charts are showing that rhino-horn look. It’s the opposite of a fishing line look.

Anyway, these types of moves are an early signal of what potentially lies ahead.

GDXJ and GOEX have joined GDX in blue sky territory with limited overhead resistance and measured upside targets that are significantly higher. GOEX (explorers), GDXJ (juniors)

The last major breakout in the precious metals sector was in the second half of 2005.

Gold stocks broke out from 8-year resistance, while Gold and Silver surpassed technical resistance in place for 20 years.

During that breakout and furious move that followed, the parent index of GDXJ (MVIS) surged 120% in only six months.

MVIS Juniors Index

The most significant and most consistent moves in markets occur after major bottoms and after major breakouts.

The critical difference is a major breakout leads to a new multi-year high. Optimism is already present, but the breakout solidifies that optimism, leading to increased confidence and a new round of speculation. 

This sounds dangerous, but it isn’t unless the fundamentals shift and valuations are sky-high. The fundamentals of precious metals are strengthening, and valuations are hardly a concern.

With that said, the metals have not broken out yet, and the miners could experience a pullback to correct their overbought condition.

Currently, the bullish percentage index, a breadth indicator for GDX is at 100%. Meanwhile, the percentage of GDXJ stocks trading above the 50-day and 200-day moving average is 93% and 90%.

Strength is good, but too much strength can lead to a quick pullback. 

Anyway, we will make the most money by buying quality and holding. If we get a quick snapback in the juniors, then take advantage of that weakness. 

This remains an excellent time to get into quality juniors with the most upside potential as the wind is at your back.

SOURCE: https://thedailygold.com/early-signals-of-whats-coming-in-juniors/

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
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  • 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.