A look at a few of the mining headlines out this morning with additional comments. Balmoral Resources – (BAR:TSX) – Balmoral has released the final drill results from the 2015 winter drill program at the Bug Lake trend project on the Martiniere project in Quebec. Drill intercepts continue to hit high grade gold highlighted by intercepts… Continue Reading
Yesterday I had the opportunity to meet Vancouver mining entrepreneur Randy Turner. Mr. Turner has been involved with multiple mineral discoveries since the late 1970’s, with the most notable being the Snap Lake diamond mine in Northwest Territories, taken over for a combined $478 million in 2000. Mr. Turner splits his time as the CEO of two… Continue Reading
The following interview was conducted via Skype between Oliver Gross, a Munich-based mining analyst and blogger and Vince Sorace, the Vancouver, Canada-based CEO of Desert Star Resources (TSXV:DSR). Desert Star is a copper exploration company active in SW USA set to drill test two exciting targets this year. Oliver Gross (OG): Thank you for agreeing… Continue Reading
The team behind Osisko Gold Royalties Ltd. is bringing some much-needed consolidation to Canada’s junior mining sector by arranging a complicated merger of five different companies. The deal brings the five unloved miners together into one entity that is well financed with $65 million of cash, has a well-regarded management team, and has a host… Continue Reading
A look at some of my favourite news releases out this morning. Pretium Resources (PVG:TSX) – Pretium has provided an update on the Brucejack Project in northwestern British Columbia. 2015 plans for the uber high grade project have been released this morning. Pretium has a large land package of over 254,518 acres at Brucejack but the… Continue Reading
Canadian diamond explorer North Arrow Minerals (NAR.V) reported disappointing diamond valuation results from the Qilalugac project bulk sample test this morning: The parcel of 383.55 carats of diamonds greater than +1DTC (~1 mm) was valued at $13,795 or $36 per carat and a modelled range of possible values was also produced with a “possible low” model… Continue Reading
Via Energy and Gold.com: GDX passed an important test of support today. The goldies were looking absolutely dreadful this morning but buyers showed up near a crucial area of support around lunchtime and put the throttle to the floor into the close: $18.75 not only represents a DeMark Support Level but it also represents… Continue Reading
When I was ten I wanted to be an astronaut, a writer, a spy, a superhero, and an advice columnist. I wrote a play. I did spy on people. But I couldn’t figure out how to be a superhero. I read collected columns of “Dear Abby” (an advice columnist) every day. The only advice I… Continue Reading
The Australian government has done something interesting to reign in excessive foreign speculation in its property market, while simultaneously stoking its struggling junior resource sector, mired in the current commodities downturn. Foreign investors in Australia can qualify for a significant investor visa (SIV) by betting A $5 million on Australia’s economy. The SIV asset mix… Continue Reading
For decades, public companies were essential in order to pool lots of small investments which came largely from individuals. Those investors knew (or at least should have known) that they were speculating on high risk/high reward ventures. There were some spectacular successes that made it all worthwhile. Over the past few years, the industry has… Continue Reading
A look at some interesting headlines out this morning with some additional thoughts. Columbus Gold – (CGT:TSXV) – Columbus Gold is expected to start drilling at the Eastside project in Nevada within the week. This will be one of the biggest drilling programs this year by any junior mining company. All bonds and permits have been… Continue Reading
I used to love my job. Love it. I worked for my favorite entertainment company in the world. I would’ve paid to work there. I made friends at work. And on weekends we’d even get together and play poker. Sometimes we’d even travel on vacations together. My boss would yell at me but I could… Continue Reading
Gold Price Lower After More Positive U.S. Jobs Data The price of gold was down on Friday following more positive employment data from the U.S. (see page 2). Private sector employment was particularly robust for May, adding over 200,000 jobs compared to the month prior. As shown in figure 1 (page2) unemployment and change in… Continue Reading
Via Energy and Gold.com: Weekly chart wrap for the week ending 6/5/2015 – we saw some seismic moves in interest rates as equities began to show some chinks in their armor. The current trends are as follows: Oil: Oscillating within a range Precious metals: Lower Bond yields: Higher Equities: Oscillating within a range WTI… Continue Reading
When I was a kid I used to skip school, hide behind my house until my parents left, and then go off to play chess with John Nash. Not THE John Nash, the Nobel Prize winner who also had schizophrenia. But his son, who was a very strong player. We would go over to his… Continue Reading
