The Mining Play

Other Mining Stocks

Here’s a really good article on where gold is headed into March.
https://www.gold-eagle.com/article/gold-price-forecast-target-1700-march

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I know gold allocation should be 10-20%, but with Boeing recovering on a crisis and stop order on a plane.
How do people buy this stock???!!!
TDK

Another RNC update today:

RNC Minerals Announces New 5km Structure Identified At Higginsville And Approval Received For Baloo Stage 2 Mining
http://www.rncminerals.com/2020-01-29-RNC-Minerals-Announces-New-5km-Structure-Identified-at-Higginsville-and-Approval-Received-for-Baloo-Stage-2-Mining

Steady state production while expanding fast-track exploration announced. Baloo Stage 2 has been approved for mining as well as additional open pits for additional resource definition and grade data.

Nice new RNC presentation found here: http://www.rncminerals.com/presentations

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Wow, ELYGF is over 50 cents now (almost doubled my money) - sometimes a blind squirrel stumbles upon a nut …

On the other hand, McEwen has driven down MUX from 1.72 to 1.16 … dilution on a recent financing is the issue there I think.

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Inventus Mining (TSX: IVS or OTC: GNGXF) beginning to wake up of late. Hitting new 52 week high today (C$.18) on relatively good volume (163K). They completed an overbought private placement in January with Rob McEwen participating. There are rumors that the milling solution for their bulk sample program may be resolved. I take that with a grain of salt at this point and I’m just enjoying being back in the green. :slight_smile:

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INVENTUS WINTER EXPLORATION PROGRAM UNDERWAY

TORONTO, ONTARIO (February 3, 2020) - Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus”
or the “Company”) is pleased to announce that it has started the 2020 winter exploration program on
the 100%-owned Sudbury 2.0 Property, located 40 km northeast of Sudbury, Ontario.

The program begins with an induced polarization (IP) survey on three areas: Laura Creek Offset Dyke,
Big Valley Lake, and Doon Lake North (see Figure 1). Inventus intends to follow up the IP surveys with
drilling at the Laura Creek Offset Dyke this winter.

“With our financing successfully complete, we are now well prepared to advance our
projects. We have already mobilized our team on Sudbury 2.0, we are moving ahead with
the property acquisitions announced in November 2019, and we intend to get started on
our Pardo Paleoplacer project this spring,” commented Stefan Spears, Chairman and CEO.

Laura Creek Offset Dyke

The Laura Creek Offset Dyke was not known until Inventus discovered it in 2019. It is a 30+ meter
wide inclusion-bearing quartz diorite offset dyke (IQD), the only undrilled example known to occur
around the Sudbury mining camp. Offset dykes around Sudbury are composed of quartz diorite,
however, offset dyke-hosted orebodies only occur within rare inclusion-bearing phases of the
quartz diorite.

Selected assay results from Laura Creek Offset Dyke have returned values up to 4.1 g/t gold, 0.33%
copper, 21 g/t silver and 0.86% lead and 42 g/t bismuth (see press release Nov. 14, 2019).
Inventus plans to explore the mineralized section of the Laura Creek Offset Dyke following the IP
survey with drilling to determine the dip, thickness and to test for the presents of mineralization and
pathfinder geology below surface.

Big Valley Lake and Doon Lake North Showings

Extensive hydrothermal alteration and mineralized breccia were found at Big Valley Lake and Doon
Lake in 2019. Selected assay results from the Big Valley Lake returned values up to 1.4 g/t gold and
1.3% copper (see press release Sept. 12, 2019). The two showings were found to have many
similarities to the alteration and mineralization that occurs on the Wolf Lake and Cobalt Hill properties.
A description of those properties is available from our Nov. 27, 2019 press release. Inventus expects
the IP survey to outline the extent of alteration and mineralization of these very large targets, in
preparation for drilling.

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ELYGF (.59 per share) - trading was halted yesterday, “pending news”. One guy suggested that the company might be bought out? I know nothing. My comparison to other emerging junior streamers indicates that ELYGF is undervalued big time - could be trading at 25-30% of its “true” value when comparing markets cap to Abitibi and Metalla. But that’s just little old me …

Nice call. Good NR today by Hecla.

Hecla Reports Record Silver, Lead and Zinc Reserves

Company Release - 2/5/2020 6:30 AM ET
http://ir.hecla-mining.com/file/Index?KeyFile=402652167

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De Grey Mining with early and very impressive drill results at their Hemi prospect discovered in December. Stock was halted 2 days ago pending this news and has traded up 106% on huge volume in Australia. These results are only the first 7 of 57 holes with assays pending on 2 sections 640m apart that are related to the same orebody.

Section A highlights:
24m @ 7.5g/t incl 18m @8.6 g/t
49m @ 3.7g/t incl 18m @6.6 g/t
36m @ 4.0g/t incl 11m @ 8.9 g/t

Section B highlights:
24m @ 4.2g/t incl 10m @ 7.4 g/t
15m @ 2.5g/t
21m @ 2.5g/t

All holes are shallow (Section A defined to 100m at depth and Section B defined to 60m at depth) and are open at depth and in all directions indicating a potentially major new gold discovery with many assays pending.

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De Grey Mining (DEG Australia, DGMLF on OTC) was up over 100% yesterday and finished up another 42% today in Australia. That should carry through on the OTC today.

De Grey
Too hot?

Yeah, probably. They do have more assays expected next week and all quarter. De Grey is definitely hot right now, but I wouldn’t be taking a position after 2 big days. A pullback seems inevitable.

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Just FYI - Sprott Weekly News Wrap-up mentions Beta Hunt mine, ELY, and KL starting at 16’30”
Focus of 1st 15 minutes was on the possible economic effects of the Coronavirus epidemic.

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Gold should benefit. Things are going to get ugly. So far, massive effort by central banks etc to prop up markets but that will only work so long. Most major sea ports in China are not operating currently with estimates as high as 90% of economic activity halted in China. Could be many months before China is anywhere close to normal. This will slash profits world-wide saying nothing about the possibility that other countries get infected just as bad as China. There is a serious case of denial going on. Those that are in Dow/S & P stocks should get out while they can.

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https://www.youtube.com/watch?v=uoNefJQ8Oek RNC interview

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“There is a serious case of denial going on”. Not only denial but a lot of misinformation from the Chinese. Infections are most likely a minimum of 3 times more than being reported. The truth will come out in dribs and drabs but most assuredly our administration won’t report the worst of it for fear of a market crash which could be a disaster for Trump.
:tired_face::tired_face::tired_face:

The internet there has now been basically shutoff. 60% of Chinese normally have access to the internet. The current level of internet traffic in China is now the same as Denmark per web traffic monitoring sites. CCP is doing everything they can to silence things at the moment so indeed hard to figure out what is happening. All the numbers provided so far have been debunked; basically fiction. Based on body counting that is going on from some reporters on the ground at the 49 crematoriums in the Wuhan area that are running 24/7; at least 1200/day are being burned there for the last 17 days…i.e over 50,000 dead.

De Grey Mining up another 20% this morning.

Looking for more assays this week. Sprott will be commenting on De Grey this Friday as part of his Sprott Money weekly wrapup.

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After hours De Grey announces “Hemi gold prospect provides more positive results for De Grey Mining

Additional thick and high-grade gold mineralisation intersected on Section A consolidates a significant 30m wide gold zone to 130m depth, open in all directions.

44m @ 5.1g/t Au from 40m in BWAC320, including 13m @ 8.8g/t
46m @ 6.6g/t Au from 92m in BWAC321, including 21m @ 8.3g/t

Results correlate strongly with previously announced results on Feb 2020 including:
24m @ 7.5g/t Au from 126m in BWAC315, including 18m @ 8.6g/t (EOH)
49m @ 3.7g/t Au from 65m in BWAC309, including 18m @ 6.6g/t
36m @ 4.0g/t from 39m in BWAC245, including 11m @ 8.9g/t

Technical Director, Andy Beckwith, commented:

“These are stunning results - high grade, thick and consistent. Clearly, drilling below this zone and the mineraliszation on Section B are two key high priority RC targets. We are looking forward to receiving the remaining aircore drilling results and re-commencing drilling activiities now the cyclone has dissipated.”

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