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News from April 2019

04/18/2019
Analysis  
Updated: Revelo Resources Corp
Revelo Resources has 25 projects in Chile (750,000 acres). They have obtained 17 of those projects in recent years so they are a new company. They have a JV with Newmont, who has a 75% JV with the Montezuma copper/gold project. They also have 5 copper...  more
04/18/2019
Analysis  
Updated: Sulliden Mining Capital Inc
Sulliden Mining Capital has been a successful exploration company lead by Stan Bharti, but started to act like a holding company. They did not sell any of their projects and did not enter into JVs. They are extrmely cheap, as they currently have $15...  more
04/18/2019
Analysis  
Updated: Rise Gold Corp
Rise Resources is a project generator with a high-grade gold project in California. Their Idaho-Maryland project has a historical resource of 1.3 million oz (10 gpt). It was last mined in 1954 and produced 2.4 million oz at 17 gpt. They claim that it...  more
04/17/2019
Analysis  
Updated: Melkior Resources Inc
Melkior Resources is a project generator focused in Canada. They have three early exploration gold projects. Carscallen in West Timmins, Ontario is next to a Lakeshore Gold mine and is their focus. Recent drill results have been fairly good averaging...  more
04/16/2019
Analysis  
Updated: Juggernaut Exploration
Juggernaut Exploration is a project generator focused in Canada. They have two gold projects (Midas and Empire) in British Columbia. Both are drill ready and appear to be potential discoveries based on grab samples and the geology. Both are large (80,000...  more
04/15/2019
Analysis  
Updated: Emgold Mining Corp.
Emgold Mining had a big gold project in California, but lost the option. This crashed their share price and they did a reverse split, since then Their FD market cap rose to $5 million. they have a 500,000 oz project in Nevada called Golden Arrow which is...  more
04/15/2019
Analysis  
Updated: Intermin Resources
Interim Resources was a small gold producer in Western Australia in 2017 (20,000 oz). They have the properties and expertise to grow the company. They have low resources of around 650,000 oz, but at least two additional discoveries (Anthill and Blister...  more
04/14/2019
Analysis  
Updated: Anova Metals Ltd
Anova Metals is an Australian company with a small gold mine (Second Fortune). They produced about 15,000 oz in 2018, but are currently waiting to decide to continue producing. Their share price has crashed 75% after they announced that they plan to sell...  more
04/14/2019
Analysis  
Updated: Anova Metals Ltd
Anova Metals is an Australian company with a small gold mine (Second Fortune). They produced about 15,000 oz in 2018, but are currently waiting to decide to continue producing. Their share price has crashed 75% after they announced that they plan to sell...  more
04/14/2019
Analysis  
Updated: Iconic Minerals
Iconic Minerals is a project generator focused in Nevada. They have 3 early exploration gold projects (Hercules, Squaw Creek, New Pass) and 1 early exploration lithium project (Bonnie Claire). They are currently focusing on developing their lithium...  more
04/13/2019
Analysis  
Updated: Ascot Resources Ltd.
Ascot Resources has a large gold project in Canada (British Columbia). Their Dilworth/Premier project is a gold and silver surface mine. It is a 5 million oz gold resource (.7 gpt), plus 38 million oz of silver (4 gpt). However, recent drill results (572...  more
04/13/2019
Analysis  
Updated: Rusoro Mining Ltd.
Rusoro Mining had a large gold mine (17 million oz) in Venezuela that was nationalized in 2012. In 2016, they won a $1.2 billion award by an international court. After they won the court case, their stock price jumped from $45 million to $75 million,...  more
04/13/2019
Analysis  
Updated: Fremont Gold
Fremont Gold is a project generator focused in Nevada. They have 5 early exploration projects. Their most advanced is Gold Bar, which is a past producing mine with a 150,000 oz (2.5 gpt) historical resource. They also have a potential discovery at their...  more
04/13/2019
Analysis  
Updated: Golden Ridge Resources
Golden Ridge Resources is a project generator focused in Canada. They have two early exploration projects. Hank (5,000 acres) has a discovery in the golden triangle of British Columbia. They did their first drilling in 2017 and had a discovery hole of 21...  more
04/13/2019
Analysis  
Updated: Goldstone Resources
Goldstone Resources has five projects in West Africa on 100,000 acres. They are trying to advance their Homase project to production in Ghana. It is a past producing mine and has 600,000 oz at 1.7 gpt. If they can become a producer, they have projects in...  more
04/13/2019
Analysis  
Updated: Xanadu Mines
Xanadu Mines is a project generator focused in Mongolia. They have a world-class copper/gold discovery (Kharmagtai). It is already 1.5 billion lbs of copper and 2 million oz of gold. Plus, they have 19 targets to expand the size. This is going to be a...  more
04/13/2019
Analysis  
Updated: Provenance Gold Corp
Provenance Gold is a project generator with two early exploration projects. Their 2K property (9,000 acres) is in a good location in the Yukon and has some excellent grab samples. They drilled an initial 13 holes, but they did not release the results....  more
04/09/2019
Analysis  
Updated: GPM Metals Inc
GPM Metals has two early exploration silver projects. The Walker Goosan project (425,000 acres) in Australia is in an area known for silver discoveries. The Pasco project (12,000 acres) in Peru is also in a good location. They have a 70% option for...  more
04/09/2019
Analysis  
Updated: Arcus Development Group Inc.
Arcus Development has 4 properties in the Yukon that comprise their Dawson gold project. All four properties are near each other and are approximately 10,000 acres in total. All are early exploration with very little if any drilling. These properties are...  more
04/08/2019
Analysis  
Updated: Sunrise Resources Plc
Sunrise Resources is a London based exploration company. they are focused on their Pozzolan-Perlite Project in Nevada and they expect it to be mine ready in third quarter of 2019. They also have several early exploration gold projects, but they are not...  more
04/07/2019
Analysis  
Updated: Harmony Gold Mining Co.
Harmony Gold Mining is valued as a mid-tier producer, with an FD market cap of $1 billion. However, they are a 1.4 million oz producer. Their problem is that most of its mines are in South Africa. If they were producing in a mining friendly nation, their...  more
04/07/2019
Analysis  
Updated: Majestic Gold Corp
Majestic Gold is a small producer in China. They are currently producing 20,000 oz (their 70% share) and should reach full production of 70,000 oz (their share) in about 2 years. First they need to resettle two villages (scheduled for 2017). Their 2...  more
04/07/2019
Analysis  
Updated: Otis Gold Corp
Otis Gold is an exploration company with an open pit project in Idaho. Their Kilgore project (900,000 oz at .5 gpt) has recently had good drill results (129 meters at 1.6 gpt, 114 meters at 1.4 gpt). It looks like the deposit will grow in size. Currently...  more
04/07/2019
Analysis  
Updated: Americas Silver Corp.
Americas Silver Corp (formerly Scorpio Mining) is a mid-tier silver producer in Mexico (San Rafael) and Idaho (Galena). They merged with U.S. Silver & Gold in 2014, who had the 54 million oz Galena high-grade silver mine. They currently produce around 2...  more
04/07/2019
Analysis  
Updated: Cordoba Minerals Corp
Cordoba Minerals is a project generator with a single large property in Colombia. San Matias is on 50,000 acres and has three discoveries. The resource total is 1 billion lbs (.7%) copper and 500,000 oz (.25 gpt) gold. It will likely get much bigger. A...  more
04/07/2019
Analysis  
Updated: Goldcliff Resource Corp.
Goldcliff Resources is a project generator with 4 projects (3 in Canada and 1 in the US). Tulumeen is large copper/gold property (65,000 acres) in British Columbia, Pine Grove is a 40% JV of a small open pit gold project in Nevada (140,000 oz at 1.3 gpt),  more
04/07/2019
Analysis  
Updated: Havilah Resources Ltd
Havilah Resources is copper/gold developer in Australia. They have 3 advanced copper/gold projects with 3 million oz of gold and more than 1 billion lbs of copper. They are currently working on a PFS for their Kalkaroo and Mutooroo projects, which will...  more
04/07/2019
Analysis  
Updated: Duketon Mining
Duketon Mining is a project generator focused in Western Australia. They have large project (Duketon) on 500,000 acres. It's in a good location where large gold mines have been found before. They also have a potential gold discovery (64 meters at 1.2 gpt)  more
04/06/2019
Analysis  
Updated: Outcrop Gold Corp.
Outcrop Gold (previously Miranda Gold) is a relatively new project generator. They have 2 JVs and 7 properties in Colombia, but none of their projects are a significant discovery. Thus, I consider this a highly speculative long-term investment. Many...  more
04/06/2019
Analysis  
Updated: Orex Minerals Inc
Orex Minerals is a project generator in Mexico and Canada. Coneto (42,000 acres) in Mexico is a 45% JV with Fresnillo with a target of 100 million oz of silver equivalent. Fresnillo is drilling and must spend $21 million to get their option. Sandra...  more
04/06/2019
Analysis  
Updated: Scorpio Gold Corp
Scorpio Gold was a small producer in Nevada (production began in 2011). They had to halt production in 2017 because of high costs. They have released a new feasibility study to produce 30,000 oz for 7.5 years. The capex is $36 million, with $800 per oz...  more
04/06/2019
Analysis  
Updated: Americas Silver Corp.
Americas Silver Corp (formerly Scorpio Mining) is a mid-tier silver producer in Mexico (San Rafael) and Idaho (Galena). They merged with U.S. Silver & Gold in 2014, who had the 54 million oz Galena high-grade silver mine. They currently produce around 2...  more
04/06/2019
Analysis  
Updated: Kingston Resources Ltd
Kingston Resources is developing a large open pit gold project in Papua New Guinea. The Misima property (45,000 acres) has a past producing open pit, where 4 million oz was mined (production stopped in 2004). There is still 2.8 million oz left at 1.1 gpt.  more
04/06/2019
Analysis  
Updated: Crusader Resources Ltd.
Crusader Resources is trying to build a gold mine in Brazil. Borborema is a 2 million oz deposit at 1.1 gpt. I don't know why, but the stock was delisted from the ASX in September 2018. Plus, the company does not have a presentation on their website....  more
04/06/2019
Analysis  
Updated: Alt Resources Ltd
Alt Resources is a building a small gold mine in Australia. They acquired the Mt Ida project in 2017 for $6 million ($5 million is due over the next 2 years). It is a 400,000 oz (1.8 gpt) open pit project, plus 3 million oz of silver. They plan to...  more
04/05/2019
Analysis  
Updated: Pelangio Exploration Inc.
Pelangio Exploration is a relatively new project generator. They three large exploration properties in Ghana (125,000 acres). It looks like they have found a potential million oz mine (Manfo). The initial resource estimate came out in 2012 at 500,000 oz (  more
04/04/2019
Analysis  
Updated: Stakeholder Gold Corp
Stakeholder Gold is a small project generator. Their Ballarat project is on 10,000 acres in the Yukon. It is early exploration and they have not yet began drilling. It seems to be in a good location, next to other discoveries in the White Gold district....  more
04/03/2019
Analysis  
Updated: Norra Metals Corp
Norra Metals (previously OK2 Minerals) has two large (combined 25,000 acres) early exploration gold/copper projects (Pyramid and Kinskuch) in Canada, and three projects in Norway and Sweden, that were acquired from EMX Royalty (40,300 Hectares). The...  more
04/02/2019
Analysis  
Updated: NV Gold Corp
NV Gold is a project generator focused in Nevada. They drilled their ATV project which was selected by Quinton Hennigh, who is on the board of directors and better known as the CEO of Novo Resources. Now they shift their focus to Frazier Dome and plan to...  more
04/01/2019
Analysis  
Updated: Golden Rim Resources Ltd.
Golden Rim Resources has two early exploration gold projects in Burkina Faso. Kouri has a 10 mile strike length to explore, and looks promising. They published their first resource estimate in 2018 and reported 1.4M ounces of gold at 1.4 g/t. They keep...  more
04/01/2019
General  
March 2019 Newsletter Posted
The March 2019 newsletter has just been posted.  more


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