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Weekly Discussion
2105

Inventus Drills 18.5 Metres of 6.6 g/t Gold, 0.76% Copper, 0.018% Cobalt at Sudbury 2.0

TORONTO, Jan. 19, 2021 (GLOBE NEWSWIRE) – Inventus Mining Corp. (TSX VENTURE: IVS) (“Inventus” or the “Company”) is pleased to announce assay results from its first drill hole WL-20-01 and details about its second drill hole WL-21-02, part of an ongoing 3,000-metre drill program at its 100%-owned Wolf Lake and Cobalt Hill properties near Sudbury, Ontario.

A total of 556 metres of drilling has been completed to date with a minimum of 7 additional holes planned at the Wolf Lake and Cobalt Hill targets. The initial drill program is designed to properly sample the polymetallic gold mineralization and test the mineralized structures at depth.

Drill hole WL-20-01 was vertical and designed to test the near surface mineralization, it intersected:

From (m) To (m) Interval (m) Au (g/t) Cu (%) Co (%)
WL-20-01 32.8 51.3 18.5 6.6 0.76 0.018
including 38.6 39.3 0.7 21.1 1.94 0.032
and 41.4 43.3 1.9 13.9 1.83 0.036
and 45.8 46.4 0.5 26.5 1.75 0.087
and 48.5 51.3 2.8 14.7 0.49 0.036

The first hole has validated the presence of polymetallic mineralization with individual core assays up to 35.9 g/t Au, 3.97% Cu, 410 ppm nickel and 0.115% Co. Complete assay results are provided in Table 1 and a location map can be seen in Figure 1 .

Drill hole WL-21-02 is currently at a depth of 477 metres and has intersected the mineralized breccia approximately 200 metres below surface. The hole intersected 152 metres of intense metasomatic alteration and hydrothermal breccia with variable pyrite and chalcopyrite mineralization from approximately 325 to 477 metres. Select mineralized core intersections are provided in Figure 1 . Drilling is still underway.

Stefan Spears, CEO of Inventus said, “We are very pleased to finally be drilling these exciting targets. The first hole has already provided considerable information about the geologic setting and origins of the breccia-hosted polymetallic mineralization. With the next several holes we hope to begin to define the geometry and geologic controls on the mineralization as it extends to depth.”

Figure 1. http://www.inventusmining.com/s/Jan19_2021_Fig.pdf

Table 1. Complete assays from WL-20-01

Hole ID From (m) To (m) Interval (m) Au (g/t) Cu (%) Ni (ppm) Co (ppm)
WL20-01 32.79 33.30 0.51 9.27 0.35 91 363
WL20-01 33.30 34.00 0.70 0.37 3.97 21 49
WL20-01 34.00 34.40 0.40 0.74 0.34 14 2
WL20-01 34.40 35.45 1.05 0.00 0.01 14 1
WL20-01 35.45 36.09 0.64 0.01 0.01 21 2
WL20-01 36.09 36.40 0.31 0.75 2.44 43 92
WL20-01 36.40 37.10 0.70 0.42 0.11 25 33
WL20-01 37.10 37.82 0.72 3.21 2.27 99 209
WL20-01 37.82 38.57 0.75 2.61 0.14 37 98
WL20-01 38.57 38.95 0.38 24.70 0.20 139 423
WL20-01 38.95 39.30 0.35 17.10 3.83 83 198
WL20-01 39.30 40.00 0.70 0.04 0.01 17 2
WL20-01 40.00 40.57 0.57 0.01 0.07 17 2
WL20-01 40.57 40.94 0.37 8.31 0.17 121 294
WL20-01 40.94 41.35 0.41 0.06 0.01 20 5
WL20-01 41.35 41.88 0.53 7.96 2.97 78 138
WL20-01 41.88 42.86 0.98 8.38 1.72 76 167
WL20-01 42.86 43.25 0.39 35.90 0.54 410 1150
WL20-01 43.25 43.76 0.51 0.77 0.16 12 6
WL20-01 43.76 44.54 0.78 9.16 0.62 170 362
WL20-01 44.54 45.25 0.71 0.64 0.11 21 20
WL20-01 45.25 45.81 0.56 0.04 0.04 17 3
WL20-01 45.81 46.35 0.54 26.50 1.75 301 869
WL20-01 46.35 46.83 0.48 1.27 0.08 29 27
WL20-01 46.83 47.30 0.47 4.33 0.10 38 76
WL20-01 47.30 47.95 0.65 0.26 0.32 14 7
WL20-01 47.95 48.52 0.57 0.01 0.02 17 3
WL20-01 48.52 49.06 0.54 34.50 0.23 399 1100
WL20-01 49.06 49.51 0.45 0.69 1.48 39 75
WL20-01 49.51 49.99 0.48 17.90 0.69 201 386
WL20-01 49.99 50.28 0.29 0.13 0.09 23 27
WL20-01 50.28 51.31 1.03 13.10 0.23 67 181

*Results are core lengths, true widths are not known.

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2106

Dang it, Rick … I just sold shares before you posted! Can’t keep an eye on all the news. I didn’t even notice there was a trading halt or that the trading halt was lifted this morning. Appreciate those that take time to post here.

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2107

Excellent move for NSRPF. Presently at 2.00 at 2.01

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2108

Once we learn the how the Karatha ore affects the head grades at Nullagine and they have optimized processing, then I believe THAT is when the explosion will occur.

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2109

A few recent headline PRs that may be of interest:

First Majestic Silver Expects Higher Silver Output in 2021 – Commodity Comment

BY Dow Jones & Company, Inc.
— 2:54 PM ET 01/20/2021

First Majestic Silver Corp. ( AG ) expects its silver production to rise about 14% this year, after Covid-19 restrictions in Mexico damped output in 2020.

McEwen Mining: Updated Gold Bar Resource and Reserve Estimates

BY GlobeNewswire

— 8:00 AM ET 01/07/2021

TORONTO , Jan. 07, 2021 (GLOBE NEWSWIRE) – McEwen Mining Inc. ( MUX ) is pleased to announce an updated Indicated Resource Estimate of 499,000 contained gold ounces and Probable Reserve Estimate of 302,000 recoverable gold ounces for the Gold Bar Mine in Nevada (“Gold Bar”). See Tables 1-3 for the updated estimates.

Gold Bar’s estimated after-tax net present value (NPV) discounted at 8% and using a gold price of $1,500/oz is in the range of $62 to $76 million; while the upside case at a gold price of $1,900/oz is in the range of $150 to $170 million. Potential mine life is in the range of 5 to 7 years based on currently estimated reserves.

White Gold Corp. Encounters Gold Mineralization on Multiple Targets; Drills 105 g/t Au over 1.53m at Titan; Trenches 2.16 g/t Au over 21.0m including 5.69 g/t Au over 3.0m and 4.15 g/t Au over 5.0m at Vertigo and Pit Samples up to 18.2 g/t Au & 33.6 g/t Ag at Notorious, Yukon Canada

BY GlobeNewswire

— 9:00 AM ET 01/21/2021

Also:

BRIEF-Mcewen Mining Announces Flow-Through Financing

BY Reuters

— 8:40 PM ET 01/08/2021

Jan 8 (Reuters) - McEwen Mining Inc ( MUX):

  • MCEWEN MINING ANNOUNCES FLOW-THROUGH FINANCING

  • MCEWEN MINING ANNOUNCES FLOW-THROUGH FINANCING

  • MCEWEN MINING ( MUX) - FINANCING TO FUND DEVELOPMENT OF FROOME DEPOSIT LOCATED AT FOX COMPLEX IN TIMMINS REGION OF ONTARIO

  • MCEWEN MINING ( MUX) - FINANCING CONSISTS OF $11.8 MILLION PRIVATE PLACEMENT OFFERING OF 11.6 MILLION FLOW-THROUGH SHARES AT US$1.02 PER FLOW-THROUGH COMMON SHARE

  • OFFERING IS EXPECTED TO CLOSE ON OR BEFORE JANUARY 28, 2021

  • MCEWEN MINING ( MUX) - PROCEEDS OF OFFERING WILL BE USED EXCLUSIVELY FOR QUALIFYING CANADIAN DEVELOPMENT EXPENDITURES ON MCEWEN’S PROPERTIES IN TIMMINS REGION Source text for Eikon: Further company coverage:

TORONTO, Jan. 21, 2021 (GLOBE NEWSWIRE) – White Gold Corp. ( WHGOF) (the “Company”) is pleased to announce results for surface sampling, mechanical trenching and rotary air blast (“RAB”) drilling programs completed on its road accessible JP Ross (“JPR”) property which identified additional and widespread structurally controlled gold mineralization at multiple targets, and RAB, reverse circulation (“RC”) and diamond drilling results on its Titan project on the Hen property, Yukon Canada. This work formed part of the Company’s 2020 exploration program backed by strategic partners Agnico Eagle Mines Limited ( AEM) and Kinross Gold Corp ( KG) on its extensive 420,000 hectare land package in the prolific White Gold District, Yukon, Canada.

January 20, 2021
Great Bear Releases Seven Additional Near-Surface Drill Holes Including 10.01 g/t Gold Over 34.85 m, and 15.68 g/t Gold Over 11.75 m at LP Fault.
https://greatbearresources.ca/news/

Many PRs are out - please post a few that may be of interest to follow up on by others here. Karrora, Novo & IVS are not the only companies moving forward. I mentioned ATUSF, NTTHF and LAC on the Other (non-Mining) Stocks thread, although not PM, they may be classified in the mining category. Altius is a hybrid and the other two very volatile Lithium plays. May want to check them out as they are making up (and down) moves.

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2110

VIZSLA EXTENDS PAPAYO PROSPECT TO THE SOUTH
AT PANUCO PROJECT, MEXICO

Vancouver, British Columbia (January 25th, 2021) – Vizsla Resources Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3 ) (“ Vizsla ” or the “ Company ”) is pleased to provide results from eight new holes at the Papayo prospect at the Panuco silver-gold project (“ Panuco ” or the “ Project ”) in Mexico. These results extend the Papayo zone over 120 metres to the south where it remains open.

Drilling Highlights

NP-20-50

  • 413 g/t silver equivalent (198.0 g/t silver, 0.96 g/t gold, 1.43 % lead, and 4.53 % zinc) over 1.91 m true width from 132.4 m including;

  • 1,009 g/t silver equivalent (477.9 g/t silver, 2.19 g/t gold, 3.67 % lead, and 11.7 % zinc) over 0.69 m true width from 132.4 m including

NP-20-36

  • 321 g/t silver equivalent (144.3 g/t silver, 1.21 g/t gold, 0.75 % lead, and 2.41 % zinc) over 2.46 m true width from 184.5 m
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2111

Vancouver, British Columbia, January 27, 2021 – Silver Elephant Mining Corp. (“Silver Elephant” or “the Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) is pleased to announce the initial drill results from the Pero discovery within its Pulacayo silver lead zinc project in Bolivia.

Pero covers approximately 250 x 150 meters and is located to the southeast of the Pulacayo deposit that contains a NI43-101 compliant resource of 70.2Moz Ag, 904Mlbs Zn, and 386Mlbs Pb in the indicated resource category (see Company’s press release on October 13, 2020).

A summary of results is tabulated below:

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2112

Here’s an interesting promotional article about Elon Musk, nickel, and Silver Elephant.

https://www.nickelprice.com/topnickelstock/?gclid=EAIaIQobChMI9peDtqC97gIVGyWGCh2fMgQaEAEYASAAEgIH7PD_BwE

2113

Is anybody still holding MUX? Insane volume yesterday 31.00% and today continuing. They came out with an update today to add fuel to the fire on short positioning.

2114

Silver Elephant Named to 2021 OTCQX Best 50

Vancouver, British Columbia, January 28, 2021 – Silver Elephant Mining Corp. (“Silver Elephant” or “the Company”) (TSX:ELEF, OTCQX:SILEF, Frankfurt:1P2N) is pleased to announce it has been named to the 2021 OTCQX® Best 50, a ranking of top performing companies traded on the OTCQX Best Market last year.

The OTCQX Best 50 is an annual ranking of the top 50 U.S. and international companies traded on the OTCQX market. The ranking is calculated based on an equal weighting of one-year total return and average daily dollar volume growth in the previous calendar year. Companies in the 2021 OTCQX Best 50 were ranked based on their performance in 2020.

Silver Elephant’s chairman John Lee, CFA, states “Silver Elephant’s pursuit of mass silver, nickel and vanadium metal resources in the ground has great appeal to investors looking to preserve their wealth and profit from energy metals of the future.”

For the complete 2021 OTCQX Best 50 ranking, visit

https://www.otcmarkets.com/files/2021_OTCQX_Best_50.pdf

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2115

I sold the rest of my MUX on Jan 26…for a considerable loss. The pop started on the 28th. @#@#%@#%@#!!!

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2116

Thank you for your sacrifice TR…

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2117

Little MUX made it on the RH list. They re currently allowing only 5 shares for purchase, lol!

https://robinhood.com/us/en/support/articles/changes-due-to-recent-market-volatility/

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2118

Now that’s just bad luck … sorry to hear it, and I was gonna send you a message today alerting you that MUX was doing better.

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2119

Apparently… it’s what I do. :slight_smile:

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2120

I have a brokerage account in Switzerland. I can buy as many shares through them as I have cash to throw at it. Might be a good idea for the Reddit crew.

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2121
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2122

Interesting plan to bust the shorts in Silver-See below. I assume it will work.

https://www.reddit.com/r/Wallstreetsilver/comments/l9769d/buy_physical_not_slv/

“Step 1: We buy out the physical (their lifeline) Step 2: We buy call options/long stocks on promising miners i.e. $AG, $FSM, etc. ($PSLV may be worthy too, they’re 3rd party audited) Step 3: The market is now cornered. They can’t bullshit us and say they’re buying physical to back the paper numbers being reported. Step 4: We meme our way through the squeeze (HOLD) Step 5: There’s no flash crash following our efforts, because silver truly deserves a much higher valuation.”

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2123

All producing silver miners should be up HUGE today. Spot silver price is up 10%!
Anyone have a few favorites? One I like a lot is AG.

image

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2124

WoW!! Look at these grams equivalent numbers: Up nearly 20% in pre market trading

VIZSLA DRILLS 10,019 G/T AGEQ OVER 0.43 M WITHIN 1,909 G/T AGEQ OVER 2.42 M TO DOUBLE DEPTH OF NAPOLEON DISCOVERY

Vancouver, British Columbia (February 1st, 2021) – Vizsla Resources Corp. (TSX-V: VZLA) (OTCQB: VIZSF) (Frankfurt: 0G3 ) (“ Vizsla ” or the “ Company ”) is pleased to provide results from eight new holes at the Napoleon prospect at the Panuco silver-gold project (“ Panuco ” or the “ Project ”) in Mexico. These results demonstrate high precious metals grades down to 320m below surface, a 180-metre step down from previously reported results.

Drilling Highlights

NP-20-54

  • 1,909 g/t silver equivalent (86.5 grams per tonne (“g/t”) silver, 18.45 g/t gold, 1.27% lead and 3.36% zinc) over 2.42 metres (“m”) true width from 317.25 m including;

  • 10,019 g/t silver equivalent (307.0 g/t silver, 101.0 g/t gold, 2.88% lead and 10.5% zinc) over 0.43 m true width from 317.25 m

NP-20-49

  • 237 g/t silver equivalent (63.0 g/t silver, 1.54 g/t gold, 0.23% lead and 1.24% zinc) over 6.0 m true width from 163.3m including;

  • 842 g/t silver equivalent (215.9 g/t silver, 5.80 g/t gold, 0.30% lead and 3.95% zinc) over 1.45 m true width from 168.75 m

1 Like