Very pleased although the deal they struck to lower the royalty is fairly costly. I’m sure they are expecting to pull out a LOT of gold out of their Beta Hunt mine to make it worthwhile. Quite a number of shareholders have speculated that they had deliberately stopped looking for the high grade material associated with the Father’s Day vein due to the high royalty but shortly there will be nothing left to hold it back. One big new gold boulder and that should send this running once again if not before. Here is a nice synopsis video that came out today for those that want to get quickly up to speed on this one: Karora Resources: On Track to Become Mid-Tier Gold Producer in Australia - YouTube
Karora Resources (formerly Royal Nickel) - Red Cloud maintains $1.30 price target, expects more exploration news now that Beta Hunt royalty has been renegotiated:
http://cdn.ceo.ca.s3-us-west-2.amazonaws.com/1ffrjsg-20200630-KRR-Update.pdf
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De Grey up to .72; Kairos up to .05. Pilbara, Pacton up to 1.13. Pilbara plays are hot again (thanks mainly to De Grey). Novo will have its day soon enough.
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Degrey making me wish I held a little longer…
Ditto that Belmont! Could have had twice as many free shares. lol
Among the Pilbara stocks, Artemis is finally showing signs of life again.
The sector is definitely being lifted with POG up. Trend is your friend. Saw a statistic that said GDX is up 60% for the year, and GDXJ is up 70%. What’s not to like?
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Have both GDX, GDXj, EKWAX (401k), and hope to see them at ATH soon enough.
Bought most EKWAX @ 21
TK
Still would have been better buying TSLA and AMZN in 2000…oh well.
Did do well with Apple.
TDK
“Buckle Your Seatbelts!”
Rick Rule discusses Covid-19 and it’s impact on mining and economy.
Expect dramatic volatility (20%?) that is normal for a bull market in this sector. Rule makes the point that the general investing public is underinvested in this sector – 0.5%. When gold goes too high it has fulfilled it’s insurance value. Rick also makes the point that it may be time to rotate into some of the industrial commodities 3-4 years up the road.
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GAU up a bit this morning at 1.43. KXPLF up to .075 also.
off topic, sorry, but I’m stunned that I’ve already made up all losses from march.
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Do you sell the news?
Systematic Sampling at Novo’s Egina Mining Lease Yields Positive ‘MAK’ Gold Results
VANCOUVER, British Columbia, July 08, 2020 (GLOBE NEWSWIRE) – Novo Resources Corp. (“ Novo ” or the “ Company ”) (TSX-V: NVO; OTCQX: NSRPF) is pleased to report positive mobile alluvial Knudson (“ MAK ”) sampling results from across its 100% owned Egina mining lease, M47/560, indicating widespread gold potential within terrace gravels. The Egina mining lease is a small part of the Company’s overall terrace holdings, representing approximately 5 sq km out of nearly 2,500 sq km, but these systematic sample results provide an encouraging picture of how gold might prove to be distributed over broader parts of the project. Novo’s 2020 Egina exploration program is now ramped back up to full capacity.
Summary:
MAK sampling has continued apace since Novo resumed its 2020 field season a few weeks ago following a minor delay resulting from COVID-19 restrictions which have since been eased. A further 342 MAK samples have been collected and processed from targeted terrace gravels across much of M47/560. Novo’s 2019 exploration program focused on MAK sampling, trenching and bulk sampling within a restricted test area focusing on a swale in the north-eastern corner of this mining lease ( Figure 1 ). MAK sampling currently continues across the mining lease, but areas sampled thus far in the north-west and south are painting an encouraging picture.
https://www.novoresources.com/news-media/news/display/index.php?content_id=399
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Yes…and Figure 2 of the news release is pretty impressive. Wide spread significant gold basically right at surface. Can we just mine it already? 
Novo Completes Acquisition of Mt. Elsie Project
VANCOUVER, British Columbia, Jul 10, 2020 (GLOBE NEWSWIRE via COMTEX) – VANCOUVER, British Columbia, July 10, 2020 (GLOBE NEWSWIRE) – Novo Resources Corp. (" Novo " or the " Company ") (TSX-V: NVO; OTCQX: NSRPF) is pleased to announce that it has completed the acquisition of three exploration licences (the " Mt. Elsie Project ") comprising an area of approximately 19 km2 located 75 km north-east of the town of Nullagine, Western Australia and adjacent to numerous Novo wholly-owned tenements ( please see the Company’s news release dated June 11, 2020 ).
The Company has issued an aggregate 324,506 common shares (the " Consideration Shares ") and paid AUD $100,000 in cash to the vendors of the Mt. Elsie Project. The Consideration Shares are subject to a statutory hold period expiring on November 10, 2020.
The Transaction was subject to approval from the TSX Venture Exchange and other customary regulatory approvals for transactions of this nature, all of which have been obtained.
About Novo Resources Corp.
Novo’s focus is primarily to explore and develop gold projects in the Pilbara region of Western Australia, and Novo has built up a significant land package covering approximately 13,750 square kilometres with varying ownership interests. In addition to the Company’s primary focus, Novo seeks to leverage its internal geological expertise to deliver value-accretive opportunities to its shareholders. For more information, please contact Leo Karabelas at (416) 543-3120 or e-mail leo@novoresources.com
On Behalf of the Board of Directors,
Novo Resources Corp.
“Quinton Hennigh”
Quinton Hennigh
President and Chairman
Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.
Congratulations on your MUX too - I hope it goes back up to 2.00 at least - it probably belongs more at like about 3.00 anyway.
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Silver Elephant To Acquire El Triunfo Gold-Silver-Lead-Zinc Mining Project, Gold Assays Expected in July 
Large, bulk tonnage prospect with 94.2 meters 0.95 g/t AuEq, open at depth, to the east. The makings of a million oz gold project.
Elephant Mining Corp. (“Silver Elephant” or “the Company”) (TSX:ELEF) (OTCQX:SILEF) (Frankfurt:1P2N) announces that it has entered into a binding sales and purchase agreement ( “SPA” ) with a private party ( “Vendor” ) to acquire the El Triunfo Gold-Silver-Lead-Zinc Project in La Paz District, Bolivia ( “Triunfo Project” ).
Trading Halt on Artemis Resources. (Something to do with capital raising.) Not halted on the OTC and up 43% today at last check.
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I can agree with that! 3-4 Qs for the turnaround?
The following link is from a Red Cloud Pre-PDAC interview from July 6.
It is an hour-long, slow moving, but very informative interview with Rob McEwen (Chairman, 20% owner), Peter Mah (new COO), and Sylvain Guerard (VP Exploration). The interview covers the turn-around strategies and reviews, in depth, Nevada and Timmins Trend Ontario projects. There are great graphics to explain the drilling and exploration, as illustrated below. It is well worth wading through the lengthy interview.
Artemis Resources (ASX:ARV) enters first trading halt since February
- · Artemis Resources (ARV) has been placed in a trading halt pending a capital raising announcement.
- · The halt will be in place until the earlier of July 17 or when an announcement is made.
- · In June, Artemis provided updates on drilling activities at its Greater Carlow and Paterson Central projects in Western Australia.
- · Reverse circulation drilling is currently underway at Carlow West on an area that returned rock chips grading between 0.05g/t gold and 9.89g/t gold.
- · Aircore drilling will start on July 15 to test the remainder of the 1.8-kilometre strike length.
- · Meanwhile, 457 ionic leach and mobile metal ions samples from Paterson Central are currently being analysed to see which technique works the best and will be used in future programs.
- · Artemis remains on track to finish its final drill design for the project in the coming weeks.
- · Artemis last requested a trading halt in February in regards to an ASX price query.
- · In the days leading up to the price query, the company’s share price rose from 2.6 cents on February 5 to 3.8 cents on February 11.
- · Artemis believed that its close proximity to the Telfer gold mine and Greatland Gold’s Havieron discovery, which is being drilled by Newcrest (NCM), is what caused this change.
- · Newcrest has a farm-in agreement to the Havieron project and the London Stock Exchange-listed Greatland has seen its share price increase by 160 per cent in the last month.
- · Shares in Artemis last traded for eight cents each on July 10.
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Eric Sprott Significantly Increases Investment in Karora Resources; Subscribes for 26 Million Shares
TORONTO, July 14, 2020 /CNW/ - Karora Resources Inc. (TSX: KRR) (“Karora” or the “Corporation”) is pleased to announce that Eric Sprotthas agreed to increase his ownership in Karora by 26 million shares. In a strategic move, Karora has worked alongside Maverix Metals Inc. (“Maverix”) to effectively place the entire planned share issuance previously announced June 30, 2020 (see Karora news release dated June 30, 2020)
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