Gold: I’m not sure if the candle from yesterday is accurate on this chart. I wasn’t watching the movement at all so I’m going to treat it as though it is and someone can tell me otherwise. Based on this daily interval chart, gold spiked yesterday on some news, probably something to do with the rate announcement, and then closed the session at right around 1200, a little higher than it opened. Then, for whatever reason, it appears to have moved up overnight opening today’s session at around 1220, above the blue 50 MA, pushed up higher above the red 20 EMA, continued higher above the white 130 MA, and is currently sitting at 1226 a bit below the 130 MA. As long as gold is below the 130 MA I see it as bearish for gold. It’s certainly toying with the idea of getting back above it and maybe revisiting the green 200 MA.
The daily interval chart for silver looks similar, albeit weaker, to the gold chart. Yesterday it tested the shorter uptrend line, spiked as gold did, and then fell back down closing only a bit higher than its open. Today it gapped open considerably higher than yesterdays close, pushed up through its 50 MA, 20 EMA, and just a bit above the 130 MA, and has fallen back below all and currently sitting at its lows for the day. Considering the size of the move higher the past couple days this isn’t terrible but, like with gold, I’m bearish as long as it is below the 130 MA.
I’ll update tomorrow after the close or over the weekend unless something significant occurs prompting me to post before then. 
Inventus Provides Report on Positive Technical Developments: Ore Sorting and Bulk Sampling
TORONTO, ONTARIO–(Marketwired - April 5, 2017) - Inventus Mining Corp. (TSX VENTURE:IVS)(“Inventus” or the “Company”) today provides a summary of significant findings from two technical studies on its 100% owned Pardo Paleoplacer Gold Project (“Pardo”) near Sudbury, Ontario. Recent investigations have returned positive results in the areas of: i) advanced sensor-based ore sorting, and ii) bulk sampling.
Ore Sorting - Very Effective in First Trial
A scoping study to determine the amenability of Pardo conglomerate material to advanced sensor-based ore sorting technologies was conducted by Sacré-Davey Engineering, North Vancouver, BC. Inventus provided 100 rock hand samples selected from the 007, Trench 1 and Eastern Reef Zones. Rocks were divided into four categories visually according to their expected gold grade: 25% high grade (>30 gpt gold), 25% medium grade (2-20 gpt gold), 25% low grade (0.1-2 gpt gold), and 25% were expected to have no gold. The average gold assay grade of the samples in the study (including barren samples) was 11.31 gpt and the highest-grade sample was 186.5 gpt.
Results of their simulations suggest that 91% of the contained gold could be sorted into only 35% of the original mass (i.e. 35% mass pull) using the best algorithm generated for this exercise. The average simulated gold grade of the product is 29.37 gpt vs. 11.31 gpt for the feed, or an upgrade ratio of 160%. Summary results for the best XRF algorithm are as follows:
Product Waste
Mass Pull (%) Average Gold Grade
(gpt) Cumulative Recovery (%) Upgrade Ratio (%) Mass Pull (%) Average Gold Grade
(gpt) Cumulative Recovery (%)
20 45.33 80 301 80 2.81 20
35 29.37 91 160 65 1.59 9
50 20.90 92 85 50 1.73 8
Tests were performed using X-Ray Fluorescence (XRF), Electromagnetics (EM), and X-Ray Transmission (XRT). Algorithms were generated to correlate gold with other measurable characteristics of the rocks. Detection of other elements by XRF provided the best associations with gold. Zirconium and lead were determined to have the strongest
association with gold, which is reasonable because we know the matrix of the conglomerate is enriched in heavy minerals such as zircons, galena, pyrite, uranium and gold.
These results are very encouraging and suggest that it is possible to sort away the majority of the
unmineralized material that would otherwise dilute the grade of material being processed. These results, although promising, are preliminary in nature and need to be further verified with much larger samples.
Mini-bulk Sample - Demonstrates Sensible Path Forward
In order to investigate the best methods to process our planned bulk samples from Pardo, a mini-bulk sample weighing 110.7 kg (244 lbs.) was taken from outcropping rocks at the 007 Zone, and sent for milling and gravity concentrating at a mining equipment vendors facility1. Gravity concentration was done on a conventional shaker table. Three concentrates and a tailings sample were collected for analysis. Samples were returned to Inventus’s custody and then sent to SGS Laboratories in Burnaby, BC for assay.
Concentrate #1 contained visible gold and was panned by hand to yield an estimated 1.024 grams of gold.
Concentrate #2 and the remains of Concentrate #1 were then mixed (combined weight of 1.31 kg) and fire assayed in duplicate, returning a grade of 312.3 gpt. Concentrate #3 weighed 1.72 kg and returned a duplicate fire assay grade of 45.8 gpt. A sample of tailing from the shaker table weighing 4.08 kg returned a quadruplicate fire assay grade
of 6.4 gpt. The calculated head grade of the sample is 19.9 gpt gold, which is consistent with the high-grade nature of the outcropping boulder conglomerate at the 007 Zone.
Metallurgical characterization of the 007 Zone mini-bulk sample after gravity concentration is: 46.6% free gravity recoverable gold, 22.2% gold in high-grade sulphide concentrates (predominantly composed of pyrite), and 31.2% gold in the tails material. Overall, 68.8% of the gold content was concentrated in 2.7% of the original mass.
Dry Weight %
Total Mass Average Fire Assay Gold Grade (gpt) Calculated Weight of
Contained Gold (g) % Total Gold Calculated Gold Grade Distribution (gpt)
Panned Gold 1.135 g 0.001 - 1.0242 46.6 9.3
Concentrate #1+2 1.31 kg 1.18 312.3 0.409 18.6 3.7
Concentrate #3 1.72 kg 1.55 45.8 0.079 3.6 0.7
Gravity Products Sub Total 3.03 kg 2.73 - 1.512 68.8 13.7
Tails 107.67 kg 97.27 6.4 0.685 31.2 6.2
Total Sample 110.70 3 kg 100 - 2.197 100 19.9
These results are a first-pass evaluation of gravity concentration; we believe the process can be optimized to improve performance and possibly paired with other processing methods. Nevertheless, the results are positive and support the concept of processing bulk samples from Pardo by gravity. Milling and gravity concentration is the lowest cost option
being considered for analysis of bulk samples. Inventus plans to begin extracting bulk samples from Pardo in the coming months.
Although a small sample, very promising results from Inventus’ ore sorting and mini bulk sampling tests.
Average gold grade between 20 and 45 g/t gold for the ore sorting analysis. Even the waste rock was averaging over 1.5 g/t of gold. And this was all at surface from an outcrop.
The mini-bulk sample offered up very encouraging concentrate samples of 1,024 gm/t (I have to clarify if it is 1,024 or 1.024), 313.3 g/t and 45.8 g/t with a calculated headgrade of 19.9 g/t for the sample.
A lot more (and larger) sampling has to be done, but these preliminary results are very encouraging for Inventus. They will be undergoing a larger bulk sampling program this summer and that should really start to paint a clearer picture of this very promising paleo-placer deposit.
For anyone that may be interested, I’ve had a small position in Atlantic Gold since last year - starting to look interesting.
There is more to the news than posted below for anyone wanting to do further DD:
Atlantic Gold Reports Additional Results from the Resource Definition Drill Program at Fifteen Mile Stream
BY Market Wire
— 8:00 AM ET 04/03/2017
VANCOUVER, BRITISH COLUMBIA – (Marketwired) – 04/03/17 – Atlantic Gold Corporation ( SPVEF)
(“Atlantic” or the “Company”) is pleased to report assay results received from a further 21 holes of the resource definition diamond drilling program ongoing at its Fifteen Mile Stream Gold Project in Nova Scotia, Canada. Fifteen Mile Stream is a key gold deposit not yet included in the Life of Mine Plan (LOM) for the Moose River Consolidated (MRC) gold project which is currently under construction. The project has reached overall completion of 50% and is on target for start up in September 2017. Fifteen Mile Stream is located approximately 57km northeast of the central milling facility at Touquoy and accessible by highway. Fifteen Mile Stream’s current inferred mineral resources is 11.72 million tonnes at 1.55 g/t Au for 584,000 oz. Bringing the resource to the higher confidence level of measured and indicated status is an important next step to potentially adding to the existing life of mine plan at MRC. Two rigs are presently operating on the property with 118 holes for 11,560m of the planned 25,000m having been drilled to date. A mineral resource update is targeted for mid-2017 and an updated life of mine plan for MRC by Q3, 2017 around the time of production start up.
Drilling Results:
NAK Again
Up 25%+ on permitting news:
April 12, 2017
Northern Dynasty Minerals Ltd. (NYSE:NAK) subsidiary received notice of approval Permit from Alaska authorities
Northern Dynasty Minerals Ltd. (NYSE:NAK) announces that its 100%-owned US subsidiary Pebble Limited Partnership has received notice of approval of a Miscellaneous Land Use Permit from the Alaska Department of Natural Resources for its ongoing activities at the Pebble Project in southwest Alaska.
Northern Dynasty Minerals Ltd. (NYSE:NAK) shares went down -0.72% to $1.38 on Tuesday.
“The Alaska Department of Natural Resources and other state agencies have had an active oversight presence at the Pebble Project site for more than a decade, and have confirmed that Pebble is a well-managed exploration project,” said Tom Collier, Pebble Partnership CEO. “We will continue our site operations in 2017 in full compliance with the State’s permit conditions, and in a manner that protects the broader public interest in the lands and resources surrounding the Pebble property.”
Technical Stock Analysis
Shares outstanding are recorded as 259.37 million and total shares floated are 202.22 million. Current ratio which is the relationship between current assets and current liabilities, indicating the liquidity of a business is calculated as 5.30. Company’s distance from 20 day simple moving average is 2.30% and distance from 50-Day simple moving average is -24.50%.
Best time to invest in stock market is when things are on odd side, and it’s not easy how to pick stocks. By reviewing stock prices from the stock market history of the company and examining its analysts ratings can give an investment picture with updated information of stock which helps investors to make investing decision. Stock has got OUTPERFORM rating from 2 analysts of Thomson Reuters, no analyst given HOLD rating to the stock and 0 given UNDERPERFORM rating. Analyst’s mean target price for NAK is $5.94 while analysts mean recommendation is 2.00.
Northern Dynasty Minerals Ltd. (NYSE:NAK) yearly performance is 318.18%. Annual EPS Growth of past 5 years is 12.40%. The current share price indicates that stock is -60.00% away from its one year high and is moving 392.86% ahead of its 52-week low.
Pfizer Inc. (NYSE:PFE) received approval from the European Commission for breast cancer drug TALZENNA - Benchmark Monitor
Sure are a lot of AGM and special meetings going on in this sector right now.
Here are a few I’m aware of, FYI:
NEW GOLD
2017 Annual and Special Meeting
April 26, 2017
OSISKO GOLD ROYALTIES LTD
2017 Annual And Special Meeting
May 4, 2017
FRANCO-NEVADA CORPORATION
2017 Annual And Special Meeting
May 9, 2017
PAN AMERICAN SILVER CORP.
2017 Annual General and Special Meeting
May 9, 2017
SILVER WHEATON CORP.
2017 Annual And Special Meeting
May 10, 2017
There is little information on Unigold (TSE:UGD), but it has my interest. It is currently very thinly traded. It also trades as UGDIF. This may be a stock you want to put on your watch list (full Disclosure - I took a small position today):
Norman Tremblay Acquires 50,000 Shares of Unigold Inc. (UGD) Stock
April 6th, 2017 • by ABMN StaffUnigold Inc. (TSE:UGD) insider Norman Tremblay bought 50,000 shares of the stock in a transaction on Tuesday, April 4th. The stock was purchased at an average price of C$0.24 per share, for a total transaction of C$12,000.00.
Norman Tremblay also recently made the following trade(s):
On Thursday, March 23rd, Norman Tremblay bought 2,000,000 shares of Unigold stock. The stock was purchased at an average price of C$0.24 per share, for a total transaction of C$480,000.00.
On Thursday, March 16th, Norman Tremblay bought 210,000 shares of Unigold stock. The stock was purchased at an average price of C$0.26 per share, for a total transaction of C$54,600.00.
On Wednesday, March 15th, Norman Tremblay bought 20,000 shares of Unigold stock. The stock was purchased at an average price of C$0.26 per share, for a total transaction of C$5,200.00.
Unigold Company Profile
Unigold Inc is a Canada-based junior natural resource company focused on exploring and developing its land position in the Dominican Republic, within the Cretaceous age, Tireo Formation. The Tireo Formation is a gold and base metal district, and is approximately 75-kilometer wide series of volcanic and sedimentary rocks trending northwesterly across the island of Hispaniola The Company owns 100% of the exploration rights for gold, silver, copper, zinc and all associated minerals on the Neita Property in the north western Dominican Republic, as well as an option for the commercial mining of the mineral deposits.
www.americanbankingnews.com
of older news:
Evanachan Limited Discloses Holdings in Unigold Inc.
TORONTO, ONTARIO–(Marketwired - May 25, 2016) - Evanachan Limited (“Evanachan”) announces that, pursuant to a subscription agreement (the “Subscription Agreement”) dated May 25, 2016 between Evanachan and Unigold Inc. (“Unigold” or the “Company”), it has acquired 3,333,334 units of the Company (the “Units”) by way of private placement (the “Private Placement”). Pursuant to the terms and conditions of the Subscription Agreement, Evanachan paid C$0.30 per Unit for an aggregate acquisition cost of C$1,000,000.20. Each Unit acquired by Evanachan pursuant to the Private Placement consists of one common share of the Company and one common share purchase warrant of the Company (a “Warrant”). Each Warrant entitles Evanachan to purchase one common share of the Company until May 25, 2018 at a price of $C0.45. Evanachan is an investment company wholly-owned by Robert R. McEwen.
Immediately prior to the closing of the Private Placement, Evanachan did not own, directly or indirectly, any securities of Unigold. Upon the closing of the Private Placement, Evanachan owns 3,333,334 common shares of the Company and 3,333,334 Warrants, representing control or direction over a total of 6,666,668 common shares of the Company (assuming the full exercise of all the Warrants owned by Evanachan), or approximately 13.66% of the issued and outstanding common shares of the Company (on a partially diluted basis after giving effect to the full exercise of all Warrants owned by Evanachan).
Evanachan acquired the Units for investment purposes and may increase or reduce its investment in Unigold according to market conditions or other relevant factors. Evanachan currently has no other plans or intentions that relate to the acquisition or disposition of securities of Unigold.
This news release is being disseminated as required by National Instrument 62-103 - The Early Warning System and Related Take-Over Bids and Insider Reporting Issues in connection with the anticipated filing of an early warning report (the “Early Warning Report”) within the prescribed period. A copy of the Early Warning Report will be available on SEDAR under Unigold’s issuer profile at www.sedar.com or by contacting Mr. McEwen at 647-258-0395.
Send Press Releases With GlobeNews Wire | GlobeNewswire
Barkerville drills 54.4 m of 19.2 g/t Au at Cariboo 2017-04-17 10:13 ET - News Release
Mr. Chris Lodder reports BGM INTERSECTS 19.20 G/T AU OVER 54.40 METRES AND
11.42 G/T AU OVER 28.55 METRES AT SHAFT ZONE; TWO WIDE
MINERALIZED STOCKWORKS DISCOVERED AT ISLAND MOUNTAIN
Barkerville Gold Mines Ltd. has made a new discovery from the
continuing 130,000-metre phase 2 Island Mountain and Valley zone
exploration drilling program at the company’s flagship Cariboo gold
project. Detailed drilling results are presented at the end of this
release.
New high-grade stockworks intersected at Shaft zone
The Company is very pleased to announce that Island Mountain
Shaft Zone drillhole IM-17-072 has discovered a formerly unidentified
wide network of high tenor veining grading 19.20 g/t Au over 54.40
metres including 32.06 g/t Au over 30.70 metres. This new intersection
consists of several higher-grade intervals including 272.00 g/t Au over
0.50 metres, 760.00 g/t Au over 0.85 metres, 64.20 g/t Au over 0.50
metres, 42.80 g/t Au over 0.50 metres, 65.40 g/t Au over 1.50 metres and
15.80 g/t Au over 1.15 metres. An intensely silica altered and
pyritized sandstone package hosts this dense network of mineralized
veining. Located 250 metres vertically below surface in the Shaft Zone,
this auriferous occurrence is untested by drilling above and below the
intersection and is open for expansion. In addition to the
aforementioned intersection, IM-17-072 also established auriferous
veining grading 25.00 g/t Au over 2.85 metres located 25 metres below
surface, 16.55 g/t Au over 5.45 metres 100 metres vertically below
surface, followed by 9.41 g/t Au over 3.30 metres 110 metres below
surface.
Additional High Grade Stockworks Intersected at Shaft Zone
Situated 180 metres vertically below drillhole IM-17-072 which
intersected 19.20 g/t Au over 54.40 metres including 32.06 g/t Au over
30.70 metres, drillhole IM-17-078 has discovered another broad
occurrence of sandstone hosted stockwork veining averaging 11.42 g/t Au
over 28.55 metres including two subintervals of 30.76 g/t Au over 6.60
and 12.10 g/t Au over 8.15 metres. These new intersections occur at
vertical depth of 420 metres below surface, and are open for expansion
in all directions due to the extremely limited drilling at this depth.
Because these standalone drillholes constitute two widely
separated intercepts that cannot be confidently corroborated by
additional drillhole pierce points, the geometry and hence true width of
the potential mineralized zone cannot be assuredly concluded at this
time.
Chris Lodder, President and CEO of Barkerville Gold Mines,
comments, “These intersections are some of the best to date on Island
Mountain that continues to produce new zones of higher grade, wide zones
of gold mineralization. We will be following up with both wide spaced
step out and closer infill drilling in this area to better determine
dimensions of this potentially strongly mineralized vein corridor”.
About the Phase II Program
The 130,000 metre 2017 Phase II exploratory and delineation drill
program on Island Mountain is intended to determine the extent of the
vein systems that were historically never explored, and is aimed at
discovering new vein systems and sulphide replacement bodies that will
ultimately inform a maiden resource at Island Mountain. Seven drill rigs
are currently operating on Island Mountain, with an eighth rig testing
for additional mineralization below the former Aurum and Cariboo Gold
Quartz Mines which have never been explored since mining operations
ceased circa 1960.
I don’t have a dog in this fight but I would suggest reading up on the “nugget effect” involving statistical variograms. The 54 meters of 19.2 gpt gold represents 1,044 “gram-meters” of gold. Almost 80% of that gold was found within a .85 meter intersection and a .5 meter intersection so you need to be careful.
I have been following Osisko Gold Royalty & OSISKO MINING for quite a while but didn’t have the $s to buy any and the price just keeps climbing !
Jim;
If you take a look at the drill results from the last year, they’re quite amazing. Several past producing mines, a huge land package & Osisko is providing guidance & assistance.
Barkerville drills 13.63gt 14.55 m 23.3gt 7.8m Au at Cariboo
Hey HR, I’m sure you saw MUX Q1 was out last week. For anyone that missed it, here’s the link:
McEwen Mining Reports Q1 2017 Production Results
By GlobeNewswire, April 18, 2017, 04:56:00 PM EDT
TORONTO, April 18, 2017 (GLOBE NEWSWIRE) – McEwen Mining Inc.(NYSE:MUX) (TSX:MUX) is pleased to report its consolidated production for Q1 2017 was 20,096 gold ounces and 722,767 silver ounces, or 29,733 gold equivalent ounces, using a 75:1 gold to silver ratio.
Highlights
Achieved gold and silver production in-line with guidance from our two producing mines.
Strong balance sheet: No debt. $52 million in cash, cash equivalents and precious metals. No sales of metal streams, royalties or hedges.
Paid our 4th semi-annual return of capital of ½ cent per common share on February 14th, 2017.
Yes. Their GE production has progressively decreased over the last few quarters, which has weighed on the stock a bit, but they continue to operate soundly. The recent Lexam VG Gold acquisition was a strategic win and relatively anticipated as McEwen keeps adding to its pipeline of gold properties. I’m looking for MUX to acquire Brixton Metals and Inventus Mining in the next 5 years depending upon how exploration goes. I just follow Rob McEwen’s money and sponge off of his due diligence.
Yes, this was great news, IMO. I’ve added since you first brought MUX to the attention of this thread. Thanks. Excerpts from additional report highlights also indicate an improved outlook in coming years for those with a longer time horizon:
M&A - Lexam VG Gold Share Owners Accept Offer
The shareholders of Lexam VG Gold have approved, on April 12, 2017, the plan of arrangement with McEwen Mining, through which McEwen Mining would acquire all of the issued and outstanding shares of Lexam … A Notice of Application for the final order has been filed and is scheduled to be heard by the Court on April 19, 2017. Closing of the transaction is expected later this month, following receipt of the final court order and all regulatory approvals.
This transaction will provide McEwen Mining a strategic land holding in the important Timmins Gold district of Canada. Timmins is considered one of the major gold districts in the world. The properties being acquired host a large gold resource with a history of past production and interesting high grade gold intercepts.
San José Mine, Argentina (49% (3) ) - Improving Production
Our attributable production from San José in Q1 was 10,366 gold ounces and 716,973 silver ounces, for a total of 19,925 gold equivalent ounces. Compared to the same period in 2016, silver and gold production were up 16% and 7% respectively.
El Gallo Mine, Mexico - Grade to Increase in H2
The gold grade mined at El Gallo is projected to increase in the second half of 2017.
Financial Results
Operating costs for the quarter ended March 31, 2017 will be released with our 10-Q Quarterly Financial Statements in early May. As at March 31, 2017 we are debt-free with liquid assets of $52 million comprised of $28 million of cash, $8 million of precious metals, and $16 million of marketable securities.
from McEwens friendly aquisition offer…
Benefits of the Transaction for McEwen Mining Shareholders:
• Adds Measured and Indicated gold resources of 1,468,500 ounces and Inferred gold resources of 954,000 ounces to McEwen Mining’s resource base in a premier geopolitically stable mining jurisdiction;
• Enhances McEwen Mining’s development and production pipeline with the potential to commence production of the Timmins properties within 24 months; and
• Substantial exploration potential
http://www.lexamvggold.com/pressreleases/2017/2017_02_13_LEX_Press_Release.pdf
HR, what do you find to be the best way to “follow Rob McEwen’s money”?
Thanks
I regularly perform google searches of Evanachan which is the company through which Rob McEwen makes his investments. That will expose the “Early Warning Reports” of declared investments that McEwen makes. He often teams up with other mining companies in their investments (e.g. Osisko & Sprott also invested in Inventus MIning and Hecla & Sprott also invested in Brixton Metals). The investments that McEwen makes via Evanachan are all promising exploration or near-term producing companies, generally found near other larger deposits or historical mining districts. That’s been his M.O. over recent years.
I let him do the discovery work and then I’ll investigate the companies he has invested in. If I like what I see in the company, then I’ll buy with confidence knowing that McEwen has vetted it enough to plunk down his own cash.
For example, after I got wind that McEwen made an investment in Ginguro Exploration (now Inventus Mining) a few years back, I performed due diligence on the company and absolutely loved the potential of their Pardo paleoplacer deposit. I can see why Osisko and Sprott are involved even though the company is pretty small. The stock is thinly traded and dual-listed in Canada and the OTC, but is fully reporting on Sedar so there is a certain degree of confidence in what is being reported…particular with McEwen involved.
Rick Rule Interview with Whitney George, portfolio manager of the Sprott Focus Trust, is a career-long value investor: