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Advance Gold $AAX.ca Begins Geophysical Survey at Tabasquena Project to Delineate Deeper Targets Below Zones of Widespread Gold and Silver Mineralization $MGG.ca $SIL.ca $FA.ca $LON

Posted by AGORACOM at 2:39 PM on Tuesday, August 6th, 2019
  • A 3D Induced Polarization (IP) geophysical survey on its Tabasquena project in Zacatecas, Mexico is underway.
  • Survey designed to complement and enhance current 3D model of Tabasquena Epithermal veins
  • Goal of the survey is to assess the depth potential below the near surface mineralized zone

Kamloops, British Columbia–(Newsfile Corp. – August 6, 2019) – Advance Gold Corp. (TSXV: AAX) (“Advance Gold” or “the Company”) is pleased to announce that a 3D Induced Polarization (IP) geophysical survey on its Tabasquena project in Zacatecas, Mexico is underway. This geophysical survey is designed to complement and enhance the 3D model derived from the recent drilling which confirmed a widespread gold and silver mineralized epithermal vein system.

Prior to Advance Gold acquiring the project, a limited IP survey had been carried out. This historical IP survey effectively identified three of the known veins as significant chargeability and resistivity anomalies.

The goal of the survey is to assess the depth potential below the near surface mineralized zone that was encountered in the andesites, with the graphitic phyllites below still open at depth. It is important to note that the vein systems in the nearby mines operated by Fresnillo Plc., and MAG Silver’s Juanicipio mine currently under construction, are epithermal veins systems focused on zones within the graphitic phyllites.

The 3D IP geophysical survey will take thousands of data point readings on an 800 X 500 metre grid. It is designed to give a clearer picture of anomalies adjacent to and below the current drilling, which is primarily down to 300 metres, and possibly see down to approximately 600 metres.

Allan Barry Laboucan, President and CEO of Advance Gold Corp. commented: “We are in a unique position for a gold and silver explorer as having found a fully intact epithermal vein system. This is a fairly rare occurrence. Making things somewhat challenging is that with a system like this, the boiling zone of the system is deeper. This is the case in all of the nearby mines around the cities of Fresnillo and Zacatecas, Mexico. The mines are hosted in the graphitic phyllites below the andesites. We have drilled a widespread zone of gold and silver mineralization in the andesites at Tabasquena. Hopefully, once the geophysical survey is completed we will be better able to focus our deeper drilling in the search for the boiling zone of the system. With the gold and silver markets gaining strength, it is a very exciting time for us to be advancing this exceptional project. In addition to the technical merits of the project, we are in one of the most prolific mining regions worldwide for silver as 10% of the historical world silver production comes from the state of Zacatecas, from epithermal vein systems. Since we made the discovery of this system approximately one year ago, the gold and silver markets have gone from being subdued to much more optimistic. One of the defining attributes of this region, in addition to the prolific mines, is that the costs for exploration, development and mining are some of the lowest in the mining sector. We have a highly prospective project at Tabasquena, are doing the work to advance the project, have a small and tight share structure and will be delivering crucial news as the market for gold and silver are improving yet the menu for investors to choose from is small when it comes to the exploration of quality projects.”

Julio Pinto Linares is a QP, Doctor in Geological Sciences with specialty in Economic Geology and Qualified Professional No. 01365 by MMSA., and QP for Advance Gold and is the qualified person as defined by National Instrument 43-101 and he has read and approved the accuracy of technical information contained in this news release.

About Advance Gold Corp. (TSXV: AAX)

Advance Gold is a TSX-V listed junior exploration company focused on acquiring and exploring mineral properties containing precious metals. The Company acquired a 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico in 2017, and the Venaditas project, also in Zacatecas state, in April, 2018.

The Tabasquena project is located near the Milagros silver mine near the city of Ojocaliente, Mexico. Benefits at Tabasquena include road access to the claims, power to the claims, a 100-metre underground shaft and underground workings, plus it is a fully permitted mine.

Venaditas is well located adjacent to Teck’s San Nicolas mine, a VMS deposit, and it is approximately 11km to the east of the Tabasquena project, along a paved road.

In addition, Advance Gold holds a 14.63% interest on strategic claims in the Liranda Corridor in Kenya, East Africa. The remaining 85.37% of the Kakamega project is held by Acacia Mining (63% owned by Barrick Gold Corporation).

For further information, please contact:
Allan Barry Laboucan,
President and CEO
Phone: (604) 505-4753
Email: [email protected]

Corporate website: www.advancegold.ca

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Posted in Advance Gold, All Recent Posts | Comments Off on Advance Gold $AAX.ca Begins Geophysical Survey at Tabasquena Project to Delineate Deeper Targets Below Zones of Widespread Gold and Silver Mineralization $MGG.ca $SIL.ca $FA.ca $LON

FEATURE: 5 Small Cap Gold Stocks Benefiting From $1,400 Gold $AMK.ca $LAB.ca $AAX.ca $GGX.ca $GR.ca

Posted by AGORACOM at 10:30 AM on Friday, August 2nd, 2019
  • US $ Gold prices have remained above $1400 for five weeks, due in part to Federal Reserve’s actions
  • Continued Central Bank accumulation of physical gold represents fundamental floor
  • A weakening US dollar accelerates Central Bank demand and reinforces policies to continue purchases.
  • 2018 purchases came in at 650 tons
  • Estimates peg Central Banks purchases at approximately 375 tonnes in the first half of 2019
  • Trade wars ( China ) and Geopolitical conflicts ( Iran ) are price supportive
  • Technical factors support higher long term gold prices and renewal of bull market
  • Higher prices make marginal projects economic
  • Exploration becomes a renewed focus to supply future demand
https://www.kitco.com/news/2019-07-31/images/CentralBanksCapitalEconomics.PNG

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American Creek Resources (TSX-V: AMK)

American Creek owns a 20% Carried Interest to Production at the Treaty Creek Project in the Golden Triangle. 2019’s first hole averaged 0.683 g/t Au over 780m in a vertical intercept. The Treaty Creek property is located in the same hydrothermal system as Pretivm and Seabridge’s KSM deposits. Eric Sprott recently made a strategic 1$M investment in AMK

Hub On AGORACOM

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(TSX-V: LAB)

Lead by Shawn Ryan and Roger Moss, LAB has 2 district scale Gold projects in Labrador that have never seen any modern exploration techniques. Ashuanipi and Hopedale are being systematically explored for gold potential utilizing the same techniques that created the White Gold discoveries.  At Ashuanipi , a 15km long by 2 to 6 km wide north-south trend exists and a second 14 km long by 2 to 4 km wide east-west trend exists. At Hopedale, 2019 exploration has discovered two new mineralized showings. First showing extends potential strike length by approximately 500 metres along strike of the Thurber Dog gold occurrence; Second showing was discovered in the Misery North area

Hub On AGORACOM

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Image result for ggx gold
(TSX-V: GGX)

GGX gold has discovered high grade gold silver and tellurium in the Greenwood-Republic mining camp, British Columbia. The current 2019 drill program follows up on 2018 intercept of high grade gold-silver (129 g/t gold and 1,154 g/t silver over 7.28 meter) from the near surface COD vein which is projected to be 1.5 kms in length. In addition tellurium grades were announced with “up to 3,860 g/t tellurium”, including “823 g/t tellurium over 7.28-meter core length” and “640 g/t tellurium over 6.90-meter core length. 2019 drilling on COD North is currently underway.

Hub on AGORACOM

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https://s3.amazonaws.com/s3.agoracom.com/public/companies/logos/564603/hub/GREATATLANTIC_LOGO_TESTER-e1480712241913.jpg
(TSX-V: GR)

Great Atlantic is situated between Marathon Gold and Sokoman in Canada’s newest emerging gold district. The Company reported a NI 43-101mineral resource estimate for the JMZ in late 2018 on Golden Promise and 2019 is focused on prospecting and geochemical sampling at high priority targets within the property. Planned 24 hole program in the northern half of the property at the gold-bearing Jaclyn Zone, specifically at the Jaclyn Main Zone (JMZ) and Jaclyn North Zone (JNZ).

Hub on AGORACOM

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FULL DISCLOSURE: All companies listed above are advertising clients of AGORA Internet Relations Corp.

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Posted in Advance Gold, AGORACOM Client Feature, All Recent Posts, American Creek Resources Ltd., Featured, GGX Gold Corp., Great Atlantic Resources, Labrador Gold, Small and Micro-Cap Space, US Economy | Comments Off on FEATURE: 5 Small Cap Gold Stocks Benefiting From $1,400 Gold $AMK.ca $LAB.ca $AAX.ca $GGX.ca $GR.ca

Great Atlantic Resources $GR.ca – Central Banks See Ravenous Demand For Gold In Q2 To Protect Against Looming Risks $OM.ca $GGX.ca $GWM.ca $CNX.ca $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM at 9:40 AM on Thursday, August 1st, 2019

SPONSOR: Great Atlantic Resources Corp (TSX-V: GR) Great Atlantic Resources. A Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold. Click Here for More Info

  • Central banks’ insatiable appetite for gold dominated the marketplace between April and June, according to the latest data from the World Gold Council
  • Global gold demand totaled 1,123 tonnes in the second quarter, up 8% from the second quarter of 2018.
  • For the first half of the year, physical gold demand rose of 2,181.7 tonnes, its highest level in three years.

(Kitco News) – Central banks’ insatiable appetite for gold dominated the marketplace between April and June, according to the latest data from the World Gold Council (WGC).

In its second-quarter Gold Demand Trends report, the council said that central banks bought a total of 224 tonnes of gold between April and June. Official gold reserves increased by 374.1 tonnes in the first half of the year — “the largest net H1 increase in global gold reserves in our 19-year quarterly data series,” the analysts said in the report.

“Buying was again spread across a diverse range of – largely emerging market – countries,” the WGC said.

The WGC said that nine central banks bought gold in the first half of the year.

“Central banks, like other investors, sought safety in gold as they looked to protect themselves in the face of many looming risks,” the analysts said.

The report said that global gold demand totaled 1,123 tonnes in the second quarter, up 8% from the second quarter of 2018. For the first half of the year, physical gold demand rose of 2,181.7 tonnes, its highest level in three years.

The report highlighted renewed strength in key sectors of the gold market. In particular, gold jewelry demand in India increased by 12% to 168.8 tonnes, compared to the second quarter of 2018. This was the best year-over-year quarterly increase since the second quarter of 2017.

“Indian demand was boosted early in the quarter by the wedding season and festival buying, before slowing sharply as the gold price rallied in June,” the report said.

The WGC noted that India’s gold demand faces strong headwinds as purchases have come to a “virtual standstill.”

“The slowing economic environment and restrictions on the movement of cash during the elections were a drag on demand in April and May,” the report said.

The India gold market was also hit with higher tariffs in early July with import duties rising to 12.5% from 10%.

“Although we do not expect this to have a long-term impact on gold demand in India, we do see it having a dampening impact on Q3, particularly as gold prices have remained elevated,” the WGC said.

While India saw strong growth in the second quarter, the world’s largest gold consuming nation saw its third consecutive quarterly drop. The WGC said that Chinese jewelry demand dropped by 4% in Q2 to 137.8 tonnes.

“Demand ground to a halt once the June price rally began and retailer’s promotional efforts could not tempt consumers back. Reportedly, showrooms were deserted as the quarter came to a close,” the analysts said.

ETF Investment Demand Remains Robust

The second quarter started on a sour note for gold investors but ended with a bang, according to the report. Renewed interest in gold-backed exchange-traded products led the investment surge, increasing by 67.2 tonnes in the second quarter an increase of 99% from the second quarter of 2018.

The gains were predominantly seen in June as the month saw inflows of 126.7 tonnes, reversing April’s outflows of 57.2 tonnes. The WGC said that total hold holding reached a six-year high of 2,548 tonnes in the first half of the year.

“Geopolitical uncertainty, dovish monetary policy commentary by central banks, and a rising gold price were among the key factors that drove investors to increase their holdings,” the analysts said.

The WGC highlighted the growing trend of European and U.K. investors leading the way in the gold market. It noted that U.K.-listed funds accounted for 75% of all global inflows during the second quarter.

“Investors sought the safe haven of gold amid the uncertainty surrounding Brexit and the leadership battle that followed Theresa May’s resignation as Prime Minister,” the analysts said. “The sharp drop in the value of the pound also fueled inflows during the quarter as the U.K.’s growth prospects were cut following repeated failures in Brexit negotiations.”

The WGC added that historic negative bond yields in German bonds also added to gold’s investment appeal.

Lackluster Coin and Bar Demand

Although investors have been jumping into gold-backed ETFs, interest in physical gold was fairly muted. The WGC said that gold coin and bar demand dropped 12% in Q2 to 476.9 tonnes, the lowest level since 2009. They noted that June’s sharp price rally has weighed on physical demand.

“This market has been struggling for some time, with many traditional gold investors focused on America’s healthy economic growth, low unemployment, and continued wage growth,” the WGC said. “The gold price rally in June triggered selling by some investors, and coin premiums in the secondary market fell to their lowest level since before the global financial crisis, spurring gold exports from the US to Germany.”

Tech Sector Sees Lower Gold Demand

Although not a significant factor for the physical gold market, analysts said that the tech sector saw gold demand drop by 3% in the second quarter to 81.1 tonnes.

“This was the third consecutive quarter of falling demand, due to a range of challenges in the electronics sector, including the ongoing trade dispute between China and the US. However, there are signs of recovery and we expect declines to continue to slow throughout H2 2019,” the WGC said.

Gold Supply Rises Due To Record Production

The council noted that robust gold demand is being met with strong production; the analysts said that gold supply increased by 6% in the second quarter to 1,186.7 tonnes. The supply was led by record gold production between April and June.

The WGC added that gold production increased by 2% to 882.6 tonnes in the second quarter. “This is a record level of global output for a second quarter and follows on from a Q1 record of 847.5t.

Global gold production was let by Canada, Russia and the U.S. that saw their domestic production increase by 9% in the third quarter. Australia, which has reported record gold production in 2018 saw an increase of 6% in the second quarter.

The WGC also noted an increase in recycled gold as consumers sold into higher prices late in the quarter.

SOURCE: By Neils Christensen

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Posted in All Recent Posts, Great Atlantic Resources | Comments Off on Great Atlantic Resources $GR.ca – Central Banks See Ravenous Demand For Gold In Q2 To Protect Against Looming Risks $OM.ca $GGX.ca $GWM.ca $CNX.ca $SIC.ca $MOZ.ca $AGB.ca

GGX Gold $GGX.ca – Gold Looking To Break Out $XIM.ca $K.ca $GOM.ca

Posted by AGORACOM at 11:48 AM on Wednesday, July 31st, 2019

SPONSOR: GGX Gold Corp (TSX-V: GGX) GGX’s Gold Drop Property resides within a multi-million ounce gold producing region in British Columbia. The property holds the C.O.D. Vein and recently discovered Everest Vein. GGX has initiated 2019 drilling at Gold Drop. Click Here for More Info

  • Expectations are the Fed will cut rates by 25 basis points
  • Falling interest rates make metals more attractive
  • Tie in bullish technicals with a clueless Fed and we should see higher gold and silver prices.

Yesterday we wrote that gold and silver would probably be quiet and flat until after the Fed reported on Wednesday. It now looks like the metals are trying to get a jump on the Fed and have started to rally early.

Friday saw gold trade as low as $1,412 and suddenly the metal is back over $1,440. There was a late-day rally Monday with some early morning follow-through today. The key to watch in gold is the $1,450 level, since a close above would signal $1,500 is not far behind. Silver looks like it wants to join the rally and push through $17.

Expectations are the Fed will cut rates by 25 basis points; that would be bullish for the metals. Falling interest rates make metals more attractive. Tie in bullish technicals with a clueless Fed and we should see higher gold and silver prices.

SOURCE: https://www.kitco.com/commentaries/2019-07-30/Gold-Looking-To-Break-Out.html

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Posted in All Recent Posts, GGX Gold Corp. | Comments Off on GGX Gold $GGX.ca – Gold Looking To Break Out $XIM.ca $K.ca $GOM.ca

Monarch Gold $MQR.ca Produces 3,572 Ounces of Gold and Generates $7.3 Million in Revenue in the Fourth Quarter $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

Posted by AGORACOM-JC at 8:31 AM on Wednesday, July 31st, 2019
  • Monarch produced 3,572 ounces of gold in the fourth quarter, up 169% from the third quarter and down 24% from the 4,695 ounces produced last year.
  • The increase was attributable to a rise in the production rate at the Camflo mill and the Beaufor mine combined with a higher grade of ore.

MONTREAL, July 31, 2019 – MONARCH GOLD CORPORATION (“Monarch” or the “Corporation”) (TSX: MQR) (OTCMKTS: MRQRF) (FRANKFURT: MR7) is pleased to report its production and corporate highlights for the fourth quarter ended June 30, 2019. Amounts are in Canadian dollars unless otherwise indicated.

Production highlights

  • Monarch produced 3,572 ounces of gold in the fourth quarter, up 169% from the third quarter and down 24% from the 4,695 ounces produced last year. The increase was attributable to a rise in the production rate at the Camflo mill and the Beaufor mine combined with a higher grade of ore.
  • The Corporation recorded revenues of $7.3 million in the fourth quarter from the sale of 2,666 ounces of gold at an average price of $1,764 per ounce (US $1,333) plus custom milling revenue, which was down 3.1% from the third quarter due to an increase in the tonnage milled from the Beaufor mine.
  • As at June 30, 2019, the Corporation had more than 1,100 ounces of gold in inventory.

“This was a solid quarter in terms of performance, especially given that we operated with approximately one-third the workforce we had last year,” said Jean-Marc Lacoste, President and Chief Executive Officer of Monarch. “This quarter also marks the suspension of our production activities at the Beaufor mine during the quarter, as of June 27, 2019, and at the Camflo mill on July 10, 2019. Given the current gold environment, our team is focusing on identifying new exploration targets at the Beaufor mine and preparing a drilling program on the most promising targets, while Camflo is currently undergoing maintenance work that should take place over a 90-day period.”

“Despite the fact that we have suspended our production activities, Monarch is in an excellent position to benefit from the current upward trend in gold prices. The Corporation has a large portfolio of high-quality mining assets that include two mills, six advanced gold projects with total measured and indicated resources of more than 3.1 million ounces of gold (see table at the end of this press release), a 14.2% interest in Unigold (TSXV: UGD), as well as a strong financial position. Our goal in the coming quarters will be to develop our flagship Wasamac project, which has an annual production potential of 142,000 ounces of gold over 11 years (see press release dated December 3, 2018), and to increase the value of our assets through partnerships and other transactions.”

Production statistics

  Three months
ended June 30,
2019 		Three months
ended June 30,
2018 		Twelve months
ended June 30,
2019 		Twelve months
ended June 30,
2018
Beaufor mine     
Ore processed (tonnes) 27,648 30,523 96,212 98,394
Gold recovery (%) 98.24 98.70 98.17 98.76
Ounces produced 3,572 4,695 13,225 15,071
Ounces sold 2,666 4,589 12,534 14,856

Corporate highlights

  • On May 9, 2019, the Corporation acquired a block of 6.5 million shares of Unigold Inc. (TSXV: UGD) from an investor at an agreed price of $0.115 per share, for a total of $747,500, payable by the issuance of 3.25 million common shares of the Corporation at an agreed price of $0.23 each (see press release).
  • On June 10, 2019, the Corporation announced that it had been awarded the 2018 F. J. O’Connell trophy in the “Underground Operations − Less than 400,000 hours worked” category for the Beaufor mine by the Québec Mining Association at its annual conference held on June 5 and 6, 2019, in Entourage sur-le-Lac, Lac Beauport, in the Quebec City area (see press release).
  • On June 18, 2019, the Corporation announced the signature of binding letters of intent for the acquisition of an aggregate 100% interest in the Fayolle property from Hecla Quebec Inc., formerly known as Aurizon Mines Ltd. (NYSE: HL), and Typhoon Exploration Inc. (TSXV: TYP) (see press release).
  • On June 19, 2019, the Corporation announced that its wholly-owned subsidiary Louvem Mines Inc. had sold a 2% net smelter return (“NSR”) royalty on certain claims of the Chimo Mine property to Cartier Resources Inc. (TSXV: ECR) in consideration of a cash payment of $350,000 (see press release).
  • On July 25, 2019, the Corporation sold its portfolio of net smelter return (“NSR”) royalties on the Chimo property (owned by Chalice Gold Mines Ltd) for a cash payment of $350,000. Monarch held a portfolio of NSR royalties ranging from 0.50% to 2.50% on the Chimo property, which surrounds the Chimo Mine property.

The technical and scientific content of this press release has been reviewed and approved by Marc-André Lavergne, P.Eng., the Corporation’s qualified person under National Instrument 43‑101.

ABOUT MONARCH GOLD CORPORATION

Monarch Gold Corporation (TSX: MQR) is an emerging gold mining company focused on pursuing growth through its large portfolio of high-quality projects in the Abitibi mining camp in Quebec, Canada. The Corporation currently owns close to 300 km² of gold properties (see map), including the Wasamac deposit (measured and indicated resource of 2.6 million ounces of gold), the Croinor Gold (see video), McKenzie Break, Beaufor and Swanson advanced projects and the Camflo and Beacon mills, as well as other promising exploration projects. It also offers custom milling services out of its 1,600 tonne-per-day Camflo mill.

Forward-Looking Statements

The forward-looking statements in this press release involve known and unknown risks, uncertainties and other factors that may cause Monarch’s actual results, performance and achievements to be materially different from the results, performance or achievements expressed or implied therein. Neither TSX nor its Regulation Services Provider (as that term is defined in the policies of the TSX accepts responsibility for the adequacy or accuracy of this press release.

www.monarquesgold.com

Table 1 – Monarch Gold: Measured and Indicated Resource
    
  Tonnes (metric) Grade
(g/t Au) 		Ounces
Wasamac property1    
Measured Resources 3.99 M 2.52 323,300
Indicated Resources 25.87 M 2.72 2,264,500
Total 29.86 M 2.70 2,587,900
Croinor Gold mine2    
Measured Resources 80,100 8.44 21,700
Indicated Resources 724,500 9.20 214,300
Total 804,600 9.12 236,000
Swanson property3    
Indicated Resources (pit constrained) 1,694,000 1.80 98,100
Indicated Resources (underground) 58,100 3.17 5,900
Total 1,752,100 1.85 104,100
McKenzie Break property4    
Indicated Resources (pit constrained) 939,860 1.59 48,133
Indicated Resources (underground) 281,739 5.90 53,448
Total 1,221,599 2.58 101,581
Beaufor Mine5    
Measured Resources 74,400 6.71 16,100
Indicated Resources 271,700 7.93 69,300
Total 346,200 7.67 85,400
Simkar Gold property6    
Measured Resources 33,570 4.71 5,079
Indicated Resources 208,470 5.66 37,905
Total 242,040 5.52 42,984
TOTAL COMBINED Measured and Indicated Resources    3,157,865
 
1 Source: Technical Report on the Wasamac Project, Rouyn-Noranda, Québec, Canada, Tudorel Ciuculescu, M.Sc., P.Geo., October 25, 2017, Roscoe Postle Associates Inc.
2 Source: Monarques prefeasibility study (January 19, 2018) and resource estimate (January 8, 2016)
3 Source: NI 43‐101 Technical Report on the Swanson Project, June 20, 2018, Christine Beausoleil, P.Geo., and Alain Carrier, P.Geo., M.Sc., of InnovExplo Inc.
4 Source: NI 43‐101 Technical Report on the McKenzie Break Project, April 17, 2018, Alain-Jean Beauregard, P.Geo., and Daniel Gaudreault, Eng., of Geologica Groupe-Conseil Inc. and Christian D’Amours, P.Geo., of GeoPointCom Inc.
5 Source: NI-43-101 Technical Report on the Mineral Resource and Mineral Reserve Estimates of the Beaufor Mine as at September 30, 2017, Val-d’Or, Québec, Canada, Carl Pelletier, P. Geo. and Laurent Roy, Eng.
6 Source: MRB et Associés (January 2015)

View original content to download multimedia:http://www.prnewswire.com/news-releases/monarch-gold-produces-3-572-ounces-of-gold-and-generates-7-3-million-in-revenue-in-the-fourth-quarter-300893693.html

SOURCE Monarch Gold Corporation

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Posted in Monarques Gold | Comments Off on Monarch Gold $MQR.ca Produces 3,572 Ounces of Gold and Generates $7.3 Million in Revenue in the Fourth Quarter $GDX.ca $ECR.ca $MZZ.ca $QMX.ca $IMG.ca $IAG $MUX

American Creek $AMK.ca Reports 780m Intercept of 0.683 g/t #Gold Including a Higher Grade Upper Portion of 1.095 g/t over 370.5m in New Hole at Treaty Creek Prompting Mobilization of Second Drill to Project $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca$III.ca $GGI.ca

Posted by AGORACOM-JC at 10:55 AM on Tuesday, July 30th, 2019
AMK:TSX-V
  • 780 Meter Intercept of 0.683 g/t Gold;
  • Including a higher grade upper portion of 1.095 g/t over 370.5 meters in new hole at Treaty Creek
  • Results prompting mobilization of second drill to project
  • Darren Blaney, President and CEO of American Creek, commented: “This is very encouraging as we have our best hole to date at Treaty. Furthermore, in addition to a major extension of the system to the northeast, we are now seeing some high grade gold, silver and base metals showing up in the core. I congratulate Mr. Konkin on delivering the goods. Well done!”

Cardston, Alberta–(July 30, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) (“American Creek”) is pleased to announce results from the first three diamond drill holes at the Goldstorm Zone on the Treaty Creek Joint Venture project, located in the Golden Triangle of NW British Columbia. In light of the favourable results obtained during phase one drilling, a second drill has arrived on-site and has begun drilling for the phase two portion of the program.

Tudor Gold Exploration Manager, Ken Konkin explains: “The Goldstorm system continues to grow rapidly along strike to the northeast and towards the footwall contact zone to the southeast. The best near-surface intercept obtained to-date on the project has been obtained from the latest hole; GS19-42. This is a vertical hole that is a 150m step-out to the northeast from drill hole CB18-39 (0.981g/t Au over 563.8m intercept). The higher grade upper portion of last year’s hole CB18-39 averaged 1.141 g/t Au over 280.5m compared to the same upper mineralized horizon of GS19-42 that averages 1.268 g/t Au over a 252.0 m intercept. The system appears to be gaining strength to the northeast as the depth is now showing to exceed 700m, with an average of 0.683 g/t Au over 780 meters of vertical intercept. The mineralized horizon appear to be near flat-lying with excellent grade consistency between holes along the upper horizon. Exploration efforts will attempt to extend the zone further to the northeast with yet another 150m NE step-out hole from GS19-42.”

Drill holes GS19-40 and GS19-41, were successful in locating the footwall contact zone, which is a very fine-grained strongly silicified volcanic unit. Furthermore, porphyritic intrusive was also encountered at the base of GS19-40, and within GS19-41 that returned anomalous copper and molybdenum values. As well, a strong silver-bearing base-metal system has been seen for the first time in the northernmost hole (GS19-42), within the upper mineralized horizon. Values of 33.51 g/t Au, 1,154 g/t Ag, 2.89% Cu, 5.96% Pb and 1.89% Zn were returned over a 1.5 meter interval from 209.5 m to 211.0 m was a pleasant surprise in the last hole GS19-42.

The following table provides gold composites from the Goldstorm Zone in the first three 2019 drill holes completed:

Table I: Gold Composites for GS19-42, 41 and 40

SECTION HOLE  ID FROM  M TO
M		Interval
(M)		GOLD
(gpt)
112+50NEGS19-4263.5843.57800.683
 including63.5315.52521.268
 including63.5434370.51.095
      
108+00NEGS19-4127.53533250.589
 including47146991.015
 GS19-40233503270.443
 including81.512745.50.907

* All assay values are uncut and intervals reflect drilled intercept lengths.

* True widths of the mineralization have not been determined.

Goldstorm Zone Drill Sections 108+00 NE and 112+50 NE and Goldstorm Zone Plan Map are included at the bottom of the news release.

Walter Storm, President and CEO of Tudor Gold, stated: “I am delighted to see that the Goldstorm Zone has been expanded for another 150 meters with this step out drill-hole 42. I am looking forward to potentially expanding the Goldstorm zone again with another 150 meter step out drill-hole, which has started with our second drill.”

Darren Blaney, President and CEO of American Creek, commented: “This is very encouraging as we have our best hole to date at Treaty. Furthermore, in addition to a major extension of the system to the northeast, we are now seeing some high grade gold, silver and base metals showing up in the core. I congratulate Mr. Konkin on delivering the goods. Well done!”

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.

Qualified Person

The Qualified Person for this news release for the purposes of National Instrument 43-101 is Tudor Gold’s Exploration Manager, 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.

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.

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator. American Creek and Teuton Resources each have 20% interests 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”.

Tudor is presently conducting a major drill program at Treaty Creek with the objective being to define a significant gold resource.

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.

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.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.


Figure 1: Goldstorm Zone Plan View

To view an enhanced version of this graphic, please visit:
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Figure 2: Goldstorm Zone Section 112+50 N View 030

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Figure 2: Goldstorm Zone Section 108+00 N View 030

To view an enhanced version of this graphic, please visit:
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To view the source version of this press release, please visit https://www.newsfilecorp.com/release/46636

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Posted in American Creek Resources Ltd., Featured | Comments Off on American Creek $AMK.ca Reports 780m Intercept of 0.683 g/t #Gold Including a Higher Grade Upper Portion of 1.095 g/t over 370.5m in New Hole at Treaty Creek Prompting Mobilization of Second Drill to Project $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca$III.ca $GGI.ca

American Creek Resources $AMK.ca Announces $1,000,000 Strategic Financing with Eric Sprott $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca

Posted by AGORACOM at 8:49 PM on Monday, July 29th, 2019
  • Eric Sprott enters strategic Investment with AMK for 20 Million Shares
  • Mr. Sprott has agreed to sign a voting agreement in which he will vote with management in the event of a hostile takeover bid
  • Will also vote with management if management agrees to accept a takeover bid.

Cardston, Alberta–(Newsfile Corp. – July 29, 2019) – American Creek Resources Ltd. (TSXV: AMK) (“the Corporation”) (“American Creek”) today announced that it intends to complete a non-brokered private placement with Eric Sprott’s private company, 2176423 Ontario Ltd. consisting of the issuance of 20,000,000 units (“Units”) at a price of $0.05 per Unit for proceeds of $1,000,000.

Each Unit will consist of one common share of the Corporation (“Common Share”) and one non-transferrable Common Share purchase warrant (“Warrant”). Each Warrant may be exercised for one additional Common Share at a price of $0.065 for a period of 24 months from the closing date of the Offering. The Warrants will be subject to an acceleration provision which provides that in the event that the market closing price of the Corporation’s shares exceeds $0.12 for 30 consecutive days, the Corporation may within 5 days after such an event, provide notice to the Warrant holder of early expiry and thereafter, the Warrants will expire on the date which is 15 days after the date of the notice to the Warrant holder.

As part of this financing and the issuing of the Units, Mr. Sprott has agreed to sign a voting agreement in which he will vote with management in the event of a hostile takeover bid, and to also vote with management if management agrees to accept a takeover bid.

Darren Blaney, President & CEO of American Creek, stated: “We welcome Mr. Sprott’s involvement and significant contribution. This is an endorsement of not only the potential of the Treaty Creek project but also of our other projects we’ve been able to successfully acquire. With Mr. Sprott’s support and with market conditions improving, we very much look forward to working together to advance these projects and create additional value for our shareholders.”

The securities are offered to qualified purchasers in reliance upon exemptions from prospectus and registration requirements of applicable securities legislation. No finder’s fees will be paid related to this financing.

Proceeds will be used for general operating purposes including settling current debt and advancing the Corporation’s portfolio of mineral properties.

This private placement is subject to approval by the TSX Venture Exchange.

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.

The Treaty Creek Project is a Joint Venture with Tudor Gold owning 60% and acting as operator. American Creek and Teuton Resources each have 20% interests 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”.

Tudor is presently conducting a major drill program at Treaty Creek with the objective being to define a significant gold resource.

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.

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

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

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Posted in AGORACOM News And Events, All Recent Posts, American Creek Resources Ltd., Featured, Small and Micro-Cap Space | Comments Off on American Creek Resources $AMK.ca Announces $1,000,000 Strategic Financing with Eric Sprott $SII.ca $SA $SKE.ca $TUD.ca $PVG.ca $MRO.ca $NGT.ca $SPMT.ca $GTT.ca $III.ca $GGI.ca

Advance Gold $AAX.ca #Gold Holds Steady as Investors Eye Fed’s Interest Rate Strategy $ANG.jo $ABX.ca $NGT.ca $MGG.ca $SIL.ca $FA.ca $LON

Posted by AGORACOM at 10:10 AM on Monday, July 29th, 2019

SPONSOR: Advance Gold AAX.v – Advance Gold controls 100% interest in the Tabasquena Silver Mine in Zacatecas, Mexico. A cluster of 30 Epithermal veins have been discovered, with recent emphasis on exploring a large anomaly to drill. Advance also owns 15% of the Kakamega JV attached to Barrick Takeover Offer for Acacia Mining

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AAX.v
  • Caution ahead of this week’s U.S. Federal Reserve meeting, with investors likely to look beyond an expected rate cut
  • Interest rate futures are fully priced for a quarter-point rate cut from the Fed on Wednesday, with only a small chance of a half-point move.
https://image.cnbcfm.com/api/v1/image/33594912-gold_bars.jpg?v=1494984788&w=740&h=555

Gold was little changed on Monday as caution set in ahead of this week’s U.S. Federal Reserve meeting, with investors likely to look beyond an expected rate cut to the central bank’s guidance on monetary policy for the rest of the year.

Spot gold edged 0.1% higher to $1,419.45 per ounce. U.S. gold futures were flat at $1,419.30 an ounce.

“A rate cut is entirely priced in while a 50 basis points cut is extremely unlikely. So guidance becomes absolutely key,” OANDA senior market analyst Craig Erlam said.

”(Gold’s movement) will depend on how dovish or how far ajar Jerome Powell leaves the door on these rate cuts in the months ahead.”

For the first time since the financial crisis, the Fed is expected to trim the key interest rate by at least 25 basis points (bps) at its July 30-31 meeting. Investors will also look for signals of likely additional cuts in the pipeline.

“Much will also depend on what Fed Chair Powell says in the subsequent press conference: if he makes no mention of a cycle of rate cuts, causing gold to come under pressure, we would not see this as a trend reversal but as an attractive buying opportunity,” analysts at Commerzbank said in a note.

Interest rate futures are fully priced for a quarter-point rate cut from the Fed on Wednesday, with only a small chance of a half-point move.

Traders will also keep a close eye on the U.S. and Chinese trade talks in Shanghai this week, as negotiators from both countries meet for their first in-person talks since a truce at G20 last month. Expectations are low for a breakthrough.

On the technical front, $1,400 will be the key downside support for gold, and beyond that, $1,380, OANDA’s Erlam said.

“Bulls are very reluctant to let go just yet, but if we do see those levels break, we might see gold bulls head for the exits quite quickly.”

Hedge funds and money managers reduced their bullish stance in COMEX gold in the week to July 23, the U.S. Commodity Futures Trading Commission (CFTC) said in a report on Friday.

SPDR Gold Trust, the world’s largest gold-backed exchange-traded fund, said its holdings fell 0.1% to 818.14 tonnes on Friday.

Among other precious metals, silver dipped 0.1% to $16.37 per ounce.

Palladium fell 0.3% to $1,530.38 per ounce, while platinum gained 0.8% to $867.26 per ounce.

SOURCE: https://www.cnbc.com/2019/07/29/gold-markets-federal-reserve-in-focus.html

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Posted in Advance Gold, All Recent Posts | Comments Off on Advance Gold $AAX.ca #Gold Holds Steady as Investors Eye Fed’s Interest Rate Strategy $ANG.jo $ABX.ca $NGT.ca $MGG.ca $SIL.ca $FA.ca $LON

GGX Gold Update on Gold Drop Drilling $GGX.ca $XIM.ca $K.ca $GOM.ca

Posted by AGORACOM at 9:33 AM on Wednesday, July 24th, 2019
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  • Drilling at the C.O.D. North vein – 421m has been drilled in 7 holes
  • 1,965m drilled in 32 holes on the main COD vein – Assays Due
  • Drill testing “Anomaly” at depths between 500 and 800 metres
  • The anomaly is interpreted as a pipe-like structure measuring 1834 by 1377m

VANCOUVER, BC / ACCESSWIRE / July 24, 2019 / GGX Gold Corp. (TSX-v: GGX), (OTCQB: GGXXF), (FRA: 3SR2) (the “Company” or “GGX”) provides the following update on its exploration activities at its Gold Drop property in the Greenwood Mining Camp.

Drilling resumed as of July 16 at the C.O.D. North vein. As of July 22, a total of 421 metres has been drilled in 7 holes on the COD North, in addition to the total of 1,965 metres drilled in 32 holes on the main COD vein. An initial batch of samples was submitted for analyses in late June, but assays have not yet been received.

Preparations are also underway to drill a relatively deep hole on a geophysical anomaly (refer to news release dated July 4). Drill rods and bits have been purchased and a night shift drill crew has been arranged. The drill site has been selected and verified by a representative for Earth Science Services Corporation of Oshawa, Ontario (ESSCO). The initial hole is planned to be drilled to test the target zone at depths between 500 and 800 metres. The anomaly is interpreted as a pipe-like structure that measures 1834 by 1377 metres.

The Company also announces that it has repriced the flow through portion of its private placement originally announced on June 18, 2019. The non brokered private placement will now be an offering of up to 4,000,000 flow through units at a price of Cdn$0.25 per unit for gross proceeds of $1,000,000. Each flow-through unit will comprise one common share (which is a flow-through share for Canadian income tax purposes) and one-half share purchase warrant. Each whole flow-through warrant will entitle the holder to purchase one additional common share which is not a flow-through share at the price of $0.35 for 18 months after closing. The term of the warrants may be accelerated in the event that the issuer’s shares trade at or above a price of $0.40 cents per share for a period of 10 consecutive days. In such case of accelerated warrants, the issuer may give notice, in writing or by way of news release, to the subscribers that the warrants will expire 20 days from the date of providing such notice. The proceeds of the private placement will be used for continued exploration work including diamond drilling and trenching at the Company’s Gold Drop property near Greenwood in Southern British Columbia.

The terms of the non-flow through placement remain as announced on June 18, 2019.

A finder’s fee may be paid to eligible finders in accordance to the TSX-V policies. All securities issued pursuant to the offering will be subject to a hold period of four months and one day from the date of closing. The offerings and payment of finders’ fees are both subject to approval by the TSX-V.

David Martin, P.Geo., a Qualified Person as defined by National Instrument 43-101 and consultant to the Company, approved the technical information in this release.

On Behalf of the Board of Directors
George Sookochoff, President,
604-488-3900
[email protected]

Investor Relations:
Mr. Jack Singh,
604-488-3900,
[email protected]

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Posted in All Recent Posts, GGX Gold Corp. | Comments Off on GGX Gold Update on Gold Drop Drilling $GGX.ca $XIM.ca $K.ca $GOM.ca

Great Atlantic Resources $GR.ca – Gold Heats Up And Silver Joins The Race $OM.ca $GGX.ca $GWM.ca $CNX.ca $SIC.ca $MOZ.ca $AGB.ca

Posted by AGORACOM at 11:06 AM on Tuesday, July 23rd, 2019

SPONSOR: Great Atlantic Resources. A Canadian exploration company focused on the discovery and development of mineral assets in the resource-rich and sovereign risk-free realm of Atlantic Canada, one of the number one mining regions of the world. Great Atlantic is currently surging forward building the company utilizing a Project Generation model, with a special focus on the most critical elements on the planet that are prominent in Atlantic Canada, Antimony, Tungsten and Gold. Click Here for More Info

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GR: TSX-V
  • Next level for gold is $1500
  • Ray Dalio, Billionaire hedge fund manager pro gold
  • Potential interest rate cuts gold positive

Now that gold has broken through the $1,450 an ounce level, a six-high year high, the next big test is $1,500. And as I’ve said before, it can do this in the blink of an eye under the right conditions.

We may end up seeing those conditions emerge sooner rather than later.

Last Thursday, Federal Reserve Bank of New York President John Williams seemed to indicate that a rate cut could be expected later this month, saying that central bankers need to “act quickly” as economic growth cools. Although he later clarified his comment, claiming he was simply citing research and not forecasting central bank action, the price of gold jumped as much as 2 percent on the news before closing above $1,440 for the first time since May 2013.

Investors took some profits last Friday, knocking the price down around 1 percent after gold started to look overbought a day earlier. The metal was up two standard deviations over the past 60 trading days, its highest level since April 2016. I would consider each pullback such as this a buying opportunity, though, because I believe the best is yet to come for the metal.

Gold Price Up Two Standard Deviations

Gold Price Up Two Standard Deviations U.S. Global Investors

Ray Dalio seems to agree. In a lengthy post on LinkedIn—Dalio’s favorite platform for getting the word out—the billionaire hedge fund manager writes that he thinks we’re on the verge of a new economic paradigm shift and that central banks’ accommodative policies, from low rates to quantitative easing (QE), are unsustainable. To hedge against this, Dalio says, “I believe that it would be both risk-reducing and return-enhancing to consider adding gold to one’s portfolio.” Most investors are underweighted in gold, “meaning that if they just wanted to have a better balanced portfolio to reduce risk, they would have more of this sort of asset,” he writes.

A Monster Rally for Juniors

Select junior and micro-cap gold and precious metal miners also posted very strong growth over the past week, mostly on positive drilling results. In a press release dated July 15, Brixton Metals announced encouraging results at its wholly owned Thorn Gold-Copper-Silver Project in British Columbia. Gary Thompson, chairman and CEO of the Vancouver-based explorer and developer, said that Brixton “continues to unlock a mountain of value” at the property, which exhibits even greater mineralization than was previously thought.

Junior Miners Had a Strong Week

Junior Miners Had a Strong Week U.S. Global Investors

As for silver, I’m pleased to see that it’s finally playing “catch up” to gold, its price having hit a 52-week high after an incredible six straight days of gains.

Silver Is Trying to Narrow Its Gap With Gold

Silver Is Trying to Narrow Its Gap With Gold U.S. Global Investors

The Bullish Calls on Gold Continue

With gold having already broken out of its five-year trading range, is the best still yet to come?

I believe it is. And I’m not alone. Read what some analysts and strategists have to say:

Alpine Macro

“The Fed is getting ready to cut interest rates, which should set in motion a multi-year bear market in the dollar,” write analysts at Alpine Macro in a research note dated June 28. A weaker U.S. dollar is one of three “key ingredients” for a bull market, according to Alpine Macro, the other two being a more accommodative Fed and rising geopolitical risks.

“The technical break above $1,400 an ounce is a positive sign,” the firm adds. “New all-time highs for gold should be seen in the coming years.”

World Gold Council (WGC)

“The prospect of lower interest rates should support gold investment demand,” the World Gold Council (WGC) says in its mid-year outlook. “Our research indicates that the gold price was higher in the 12 months following the end of a tightening cycle. Moreover, historical gold returns are more than twice their long-term average during periods of negative real rates—like the one we are likely to see later this year.”

Canadian Imperial Bank of Commerce (CIBC)

“We continue to see no signs of rate hikes on the horizon over the next several years, and historically have seen gold continue on an upward trajectory beyond the last rate cut,” writes CIBC in a note dated July 14.

The bank points out that in two previous gold bull market cycles—in the 1970s and 2000s—negative real rates were the main contributing factor.

“During the last two major periods when real rates stayed below the 2 percent level and actually ticked into negative territory, the gold price moved over 320 percent in the 1970s… and approximately 400 percent from 2004 to peak in 2011.”

For full disclosures pertaining to this post click here.

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Posted in All Recent Posts, Great Atlantic Resources | Comments Off on Great Atlantic Resources $GR.ca – Gold Heats Up And Silver Joins The Race $OM.ca $GGX.ca $GWM.ca $CNX.ca $SIC.ca $MOZ.ca $AGB.ca

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