The Mining Play

Other Mining Stocks 2022


Microsoft Word - IVS_PR_Apr_11_2022_v4.docx (

April 11, 2022 TSX-V Trading Symbol: IVS
TORONTO, ONTARIO (April 11, 2022) - Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the
“Company”) is pleased to announce assay results from drilling at the Cobalt Hill target on its 100%-owned Sudbury
2.0 Project near Sudbury, Ontario.
Drilling highlights include:
• Hole CH-22-05A intersected 111.45 m of 1.35 g/t gold equivalent (AuEq)
including 1.24 m of 8.35 g/t AuEq
including 3.87 m of 4.13 g/t AuEq
• Hole CH-22-06 intersected 37.1 m of 1.61 g/t AuEq
including 2.03 m of 7.44 g/t AuEq
• Results are pending for an additional seven drill holes with intercepts of the sulphide
At the Cobalt Hill gold-cobalt-nickel target, 13 diamond drill holes have been completed in 2022 for a total of 4,133
metres of drilling. To date, assay results for holes CH-22-01 through CH-22-05A and partial assays for CH-22-06
have been received (see Table 1).
In the northwest part of Cobalt Hill (see Figures), hole CH-22-05A was the first hole of this campaign to test the
continuity of sulphide breccia below and to the west of the intersection in hole CH-21-02 drilled last year (see News
Release of April 8, 2021). Hole CH-22-05A is a step out of approximately 40-m from last year’s drilling, encountered
a continuous mineralized intercept of 111 m from 200 to 311 m with interspersed high-grade gold. It also contained
the highest individual cobalt assay observed in drilling to date of 3,350 ppm. The geological control of these highgrade sections is currently not well understood.
Hole CH-22-05A intersected 111.45 m of 1.35 g/t AuEq from 200 m down hole, 0.75 g/t gold (Au), 448 ppm cobalt
(Co) and 135 ppm nickel (Ni); including 1.24 m of 8.35 g/t AuEq, 6.86 g/t Au, 1,124 ppm Co and 320 ppm Ni; and
including 3.87 m of 4.13 g/t AuEq, 3.41 g/t Au, 546 ppm Co and 155 ppm Ni.
Hole CH-22-06 testing the up-dip extent in CH-22-05A, intersected an upper sulphide breccia zone from 71.65 to
108.75 m. Assays have not yet been received for the lower sulphide breccia zone in CH-22-06 from 160 to 237 m
(77 m).
Hole CH-22-06 intersected 37.1 m of 1.61 g/t AuEq from 72 m down hole, 1.26 g/t Au, 261 ppm Co and 78 ppm Ni;
including 2.03 m of 7.44 g/t AuEq, 7.10 g/t Au, 241 ppm Co and 102 ppm Ni; and 0.76 m of 10.80 g/t AuEq, 7.50
g/t Au, 2,520 ppm Co and 612 ppm Ni.
The remaining seven holes with assays pending, all tested the mineralization at the northwest edge of Cobalt Hill
from surface to 300 m vertical depth. All seven holes intersected the sulphide breccia with various intervals ranging
from 30 to 174 m in length. A summary of sulphide breccia intersections with assays pending is listed in Table 1.
The drill program has outlined a large hydrothermal system at Cobalt Hill with broad intervals of continuous goldcobalt-nickel mineralization at the northwest edge that remains open at depth below 300 m. Work is focused on
understanding the geologic controls on gold, cobalt and nickel mineralization and modelling the mineralization in
three dimensions.
Table 1. Summary of select assays intervals and sulphide breccia intersections observed in holes with
assays pending.
Hole ID From (m) To (m) Interval2 (m) Au g/t Co ppm Ni ppm AuEq1 g/t
CH-22-01 171.00 174.09 3.09 1.30 167 108 1.55
CH-22-02 112.22 119.64 7.42 0.01 891 520 1.32
including 114.50 115.20 0.70 0.03 2,130 872 2.99
CH-22-03 45.49 48.45 2.96 0.13 990 298 1.45
and 63.53 64.10 0.57 0.07 1,020 146 1.36
and 65.95 69.10 3.15 0.05 390 124 0.57
and 73.03 74.42 1.39 0.06 744 352 1.11
and 82.26 82.81 0.55 0.54 500 234 1.25
and 301.58 302.42 0.84 1.17 939 1,510 3.02
and 308.48 309.00 0.52 0.24 1,050 4,850 3.84
CH-22-04 No Significant Assays
CH-22-05A 200.14 311.59 111.45 0.75 448 135 1.35
including 210.12 210.67 0.55 2.21 3,350 1,480 6.92
including 223.30 223.73 0.43 10.70 1,560 424 12.76
including 231.25 232.49 1.24 6.86 1,124 320 8.35
including 250.01 253.88 3.87 3.41 546 155 4.13
including 263.12 265.81 2.69 1.07 1,468 472 3.05
CH-22-06 71.65 108.75 37.1 1.26 261 78 1.61
including 73.03 73.54 0.51 6.88 208 111 7.18
including 75.88 76.47 0.59 7.02 792 281 8.10
including 78.01 80.04 2.03 7.10 241 102 7.44
including 92.28 93.04 0.76 7.50 2,520 612 10.80
and 160 237 77 Assays Pending
CH-22-07 218 286 68 Assays Pending
CH-22-08 0 72 72 Assays Pending
and 123 242 119 Assays Pending
CH-22-09A 0 73 73 Assays Pending
and 162 336 174 Assays Pending
CH-22-10 0 90 90 Assays Pending
CH-22-11 0 69 69 Assays Pending
and 82 183 101 Assays Pending
CH-22-12 0 58 58 Assays Pending
and 70 100 30 Assays Pending
CH-22-13 0 66 66 Assays Pending
Notes: 1AuEq calculated using April 5th, 2022, spot price of $1920 USD per oz Au, $82.00 USD per kg for Co and $33.31 USD per kg for
Ni, and assuming metallurgical recovery of 90% for Co and Ni. Metallurgical characteristics are not yet known. 2Assay intervals were calculated using values of >0.1 g/t Au within <2.5-m interval.
Results are core lengths; true widths are not known.

Well, now NVO is flush with cash:

Thanks Rick!

The unexpected news out this morning about selling New Found Gold is a good thing. The deal that they got for them was quite good.

Don’t have to worry about them running out of cash, undo dilution or mothballing the plant for the rest of the year. Some also suggested that they couldn’t even sell those shares as they were collateral to Sprott for a loan.

Still, that money won’t last long with their rather ridiculous burn rate they have. They really need to focus spending the money to ensure Beacon becomes profitable. Dumping money into exploration of their other properties(besides anything other that what can be feed material to Beacan short term) suggests either poor management to me or that they have given up on Beacon already and have started a desperate search for a home run elsewhere.

I assume there will be a jump in share price this morning but shorts might step in quickly to hold it down.

Looks like Sprott is responsible for the gap up in NFGC :

VANCOUVER, British Columbia, April 12, 2022 (GLOBE NEWSWIRE) – Novo Resources
Corp. (“Novo” or the “Company”) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF)
is pleased to announce that it has agreed to sell its 15 million New Found
shares to a corporation controlled by Eric Sprott for gross proceeds of
approximately C$125.9 million pursuant to arm’s length negotiations and at a
significant premium of 9.3% to New Found’s closing price of C$7.68 as of April
11, 2022.

Very glad I’ve been loading up lately and find my self over allocated on New Found Gold!
Did you see these latest drill holes?

I really like the way these inclusions were explained in an earlier video by Quentin. These aren’t the same holes, but I like the way the diagram demonstrates how the different sections are intersected in the offshoots and figured into the results…

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NFG and KRR are my 2 biggest holdings, sold abit of both today, to lock some profits in. Thanks for the update Easy hadn’t seen it


Ditto that!!!
You’re welcome.
All that and more, while waiting for AUMC (and MDMN) to come to fruition.
Don’t forget BKRRF.

Novo getting crushed again. Ugh. CEO is out. Where is the bottom? I guess one could argue that it is a good thing as it was on this CEO’s watch that Novo got driven into the ground to begin with. Maybe all this recent action is all necessary before they release some good ore sorting news?

Novo Reports Management Change

VANCOUVER, British Columbia, April 13, 2022 (GLOBE NEWSWIRE) – Novo Resources Corp. ( “Novo” or the “Company” ) (TSX: NVO, NVO.WT & NVO.WT.A) (OTCQX: NSRPF) advises that Mr. Rob Humphryson has resigned as a director and Chief Executive Officer. The Company would like to thank Mr. Humphryson for his invaluable contributions throughout his tenure at Novo.

Rob was one of the first additions to the Novo team when we officially established our base in Perth, Western Australia in 2017, ” commented Dr. Quinton Hennigh, Non-Executive Co-Chairman of Novo. “ In a matter of months, Rob built a high-performing team who tackled the Company’s aggressive growth goals in the Pilbara. Rob also led the development of a strong team culture which guided the Company’s transition from exploration to production in late 2020. On behalf of the Company’s directors, employees, and stakeholders, I would like to sincerely thank Rob for five years of dedication and leadership and we wish him all the best for future endeavours.

Mr. Mike Spreadborough, who joined the Company as a director in January 20211 and transitioned to the position of Executive Co-Chairman2 in August 2021, will serve as the Company’s acting Chief Executive Officer. In addition to Mr. Spreadborough, the Company’s Board is currently comprised of Dr. Hennigh, Mr. Michael Barrett (independent director), Mr. Ross Hamilton (independent director), and Ms. Amy Jo Stefonick (independent director). Mr. Ronan Sabo-Walsh remains as the Company’s Chief Financial Officer and Corporate Secretary, and Mr. Leo Karabelas remains as the Company’s VP, Corporate Communications.


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New Found Makes New Discovery Between Keats and Golden Joint Intersecting 43.9 g/t Au Over 3.85m - New Found Gold Corp. Who knew “The Rock” (what we call Newfoundland in Canada) would be such a hotbed of gold discovery

KRR hit a high of 7.49 today. I sold a few at 7.28 today, completing the sale of about 15% of my total position in the last 10 days. Do you still have 75% of your position, or did you sell a few more into this recent strength? I think HR had indicated he had exited 50% of his position already. TR is currently out of the position he held earlier. Any idea where you or HR would renter a position, or have you moved on? I’m awaiting a general market decline that may move all stocks down before looking to pick up any more Karora.

I’m holding some cash to regain some of the shares sold in KRR, but I’ve also put gains into several other stocks incrementally (no large buys) that are showing some longer term promise of sustained gains including Lundin Mining ( LUNMF), Inventus (IVS.V), FURY, Eskay,(ESKYF), New Found Gold (NFGC), Sailfish Royalty (SROYF), Eloro (ELRRF), and Metallis Royalty (MTA). All of these were just additions to existing positions that are intended as long term holds, and not especially suited to swing trades. Perhaps you two, TR, or anyone else would care to comment on any of these. I stairstep gains that have been held a year or more and add on opportunity. I look for potential in the longer term charts and choose to buy on relative weakness in shorter interval charts. Chasing stocks really sucks! I was quite impressed with the recent news HR posted on Inventus as that has been a long held position and added 1/3 more to my position. Pardo and Sudbury should have more news flowing through the summer months into fall.

There’s no doubt the stock is “overbought” technically, but we all know when a trend is strong enough the O word doesn’t mean a whole lot. It’s a very bullish situation for a stock in a channel for as long as this has been to break above the upper channel line and hold that as support. Regardless, for me this is more a “rather be out wishing I were in” situation as what usually eventually occurs is a game of musical chairs where everyone is rushing to sell at the same bid and down she goes.

Outlined on the chart is a rising wedge, which has just about reached its apex. I’m thinking that eventually I’ll be able to get back in somewhere around the blue MA and perhaps the black MA. The thing to be careful of is that those MA’s hold support. If the trend stays very strong then price won’t dip much below the red MA. To test the violet MA and not even get to the red means the trend is still very, very bullish.

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I’d definitely be a buyer if a retrace brings things down to C$5.50 on your daily chart. What level does a weekly chart show? At what point does a chart become less useful such as in a short squeeze situation? I’ve been pushed out of a few good stocks by selling incrementally until I’m out of shares and no opportunity to re-enter. Not regrettable, really, because a good profit can be redeployed elsewhere. There are always new opportunities occurring in the market if one keeps looking and stays informed. I’m just wondering how long it will take for KRR to double from its current price. I’m not expecting that kind of increase in the foreseeable future, but it will happen if the gold bull takes hold.

Oh my, concerning utility of long interval charts…
Nov 17 I put in an order to sell shares of KRRGF at 6.00.
Surprisingly, it filled this morning!!!
Has this started a retrace, or a new stairstep higher?

Here’s the weekly KRR chart Easy.

I don’t know why I didn’t notice this before… probably the result of looking at too many charts too often… but KRR was in a year and a half long consolidation between about $3 - $4.70. Considering the phrase, “The longer the base, the higher in space”, KRR’s continuing rise isn’t so surprising.

Since my initial analysis was proving inaccurate I wiped my daily chart clean and started over. I’m sorry guys, I can’t believe I missed all of this. The orange lines outline bull flag formations. The lower blue line covers the move from the first flag to the top of the second, which is followed by about a month of consolidation into another large bull flag. The target of the breakout should match the previous move, which as of yesterday it has done. Now we watch to see if another flag forms. I’m not seeing volume that leads me to think the stock has seen the top, and based on that long consolidation in the weekly chart, I think this could continue to mid $8’s to low $9’s from here. So now I’ll watch to see what transpires from here. It’s not unreasonable to expect another consolidation which I’ll keep an eye out for. If you look at the two flags on this chart, they both found support at the two shortest MA’s, so I’d watch those again for support next.


Thanks TR, Appreciated …
That’s why I’m still holding better than 80% of my Karora position, but will still sell incrementally up, or buy back a few shares at a time on significant retraces/consolidations supported by RSI below 50. Excellent near term charting TR!

Here’s an example of a longer interval, monthly chart for KRRGF that allows me to put in sells weeks, or even months ahead of a target price, FWIW


B2Gold Reports Strong Gold Production for Q1 2022 with Total Gold Production of 209,365 oz, 5% Above Budget; On Track to Meet Annual Guidance of 990,000 to 1,050,000 oz of Total Gold Production

VANCOUVER, BC, April 14, 2022 /CNW/ - B2Gold Corp. (TSX: BTO) (NYSE AMERICAN: BTG) (NSX: B2G) (“B2Gold” or the “Company”) is pleased to announce its gold production and gold revenue for the first quarter of 2022. All dollar figures are in United States dollars unless otherwise indicated. …

Gold Production

Total gold production in the first quarter of 2022 was 209,365 ounces (including 12,892 ounces of attributable production from Calibre), above budget by 5% (9,760 ounces), and consolidated gold production from the Company’s three operating mines was 196,473 ounces, above budget by 4% (8,431 ounces), with solid performances from the Company’s three mines, with each mine exceeding its budgeted production for the first quarter of 2022 (see “Operations” section below). Due to the timing of higher-grade ore mining, consolidated gold production from the Company’s three operating mines is expected to be significantly weighted to the second half of 2022. As expected, compared to the first quarter of 2021, total consolidated gold production was lower by 5% (11,279 ounces), due to the planned significant waste stripping campaign and lower mined ore tonnage at the Fekola Mine in the first quarter of 2022, as Phase 6 of the Fekola Pit continues to be developed in the first half of 2022.

Suggested accumulating in January. I like the way this one is performing!
I should note I sold a few shares this morning with an order I put in Nov 20 for 5.05. I started using long interval charts and patience along with DD! The gold bull is pushing many producers higher.

The KRR buy-op is arriving. I already nibbled at 6.69. Watching the circled MA’s for support.

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So I have not been watching. Why is it suddenly dropping? Just POG?

Yes, metals and uranium getting hammered along with the stock markets today.

It’s now included in the GDX, so selling off in proportion to that index, and some profit taking? I’ve taken some profits and retained a healthy core position.
There is nothing changed in it’s guidance of doubling production by 2024.

:+1: :+1: :+1: April 21

Sumitomo Corporation of Tokyo, Japan (“Sumitomo”) has elected to convert its notional interest in Novo’s Egina project in Western Australia to an equity stake in Novo

– Novo welcomes Sumitomo as a new shareholder with a twelve-month restricted 1.36% undiluted stake

– Pursuant to a non-binding memorandum of understanding (“MoU”), Novo and Sumitomo are discussing new exploration opportunities inclusive of base metal opportunities on Novo tenure in the Pilbara region of Western Australia