TRU Opens Up New Copper-Gold-Silver Discovery at Golden Rose
TRU Precious Metals Corp. (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) (“TRU” or the “Company”) is pleased to announce assay results from a new drill discovery at its flagship Golden Rose Project in Central Newfoundland (“Golden Rose”). The 13-hole, 2,147.4 metre (“m”) drilling program focused on the Jacob’s Pond area, principally the Jacob’s Twin showing, one of the five grids property-wide where the Company recently completed an extensive IP Survey.
Highlights
- Drill intersection of multiple copper-gold-silver zones in altered conglomerate (table 1).
- Last hole to intersect the discovery, JP-22-13, returned high-grade copper and silver.
- Discovery remains open for expansion in multiple directions.
- 2022 soil sampling has defined a secondary promising target between 750m to 1.2 kilometres (“km”) southwest from the new discovery area.
Barry Greene, VP of Property Development and Director of TRU, commented: “It is always rewarding to drill under a newly discovered copper-gold bearing quartz-carbonate vein system and to upgrade it in drill core at depth. Our discovery hole, JP-22-10, and step-out hole, JP-22-13, confirms that we are in the early stage of defining an exciting new prospect with significant expansion potential. Additional step-out drilling will be required to start delineating shape, orientation and ultimately continuity of this new discovery.”
The Jacob’s Twin copper (“Cu”) -gold (“Au”) -silver(“Ag”) discovery contains multiple intervals of quartz-carbonate-sulphide veining (figures 1& 2).
The veining in hole JP-22-10 was discovered while drilling directly under a creek where a series of copper-gold bearing outcrops (see press release dated August 4, 2022) were found during 2022 summer exploration, with samples grading 1.10% to 4.19% Cu and 2.76 grams per tonne (g/t) Au. An upper mineralized zone in hole JP-22-10 from 129m to 142.3m was followed by a lower 22.6m zone from 178.4m to 201m down hole depth, containing quartz-carbonate veining and copper mineralization, the lower 3.0m interval of which assayed 1.03% Cu, 0.71g/t Au, and 24.95g/t Ag from 193.45m to 196.45m. Jacob’s Twin correlates with a high chargeability Alpha IP anomaly near the sheared contact with a flow banded rhyolite.
Follow-up drilling, in final hole JP-22-13, approximately 15m down dip of hole JP-22-10, also intersected a mineralized vein system between 187.5m-199.5m down hole depth (figure 2). The highlight of this zone assayed 1.10% Cu, 0.87 g/t Au, and 46.60 g/t Ag over 2.8m from 197 to 199.8m, including 1.14m at 2.19% Cu, 1.39g/t Au, and 108.3 g/t Ag from 198.66m to 199.8m.
TRU Co-Founder and CEO Joel Freudman added: “Drilling at Golden Rose continues to uncover the immense potential of this property, and we are barely scratching the surface. I am especially pleased with our intersect of high-grade copper, which is a critical mineral input in electric vehicles and a wide range of other ‘clean energy’ and industrial uses. With less than 7,000 metres drilled to date by TRU at Golden Rose, across two modest drill programs, we are already unveiling what we believe to be a polymetallic zone, in addition to the known gold zone elsewhere on the property. I want to acknowledge the efforts of our exploration executives, Barry Greene and Pearce Bradley, in securing the Jacob’s Pond area for TRU last year and advancing it to this new discovery zone. This is another step toward establishing that Golden Rose is geologically prospective and hosts multiple commodities, on a massive property package that has seen little to no exploration.”
Mr. Freudman continued: “Additionally, and of great significance to TRU, we are also excited that our neighbour Marathon Gold has publicly disclosed its intention to commence mine construction at the Valentine Gold Project in early 2023, becoming an operating mine producing gold by early 2025. We expect this will attract renewed interest to the Valentine Lake Shear Zone, as TRU continues to build a turnkey polymetallic project with a robust pipeline of drilling and exploration potential.”
The Company continues to await final assay results for some holes peripheral to the primary mineralized zones,which are not expected to return significant values of mineralization.
A second promising drill target is shaping up along the same structural trend approximately 750m to 1.2km to the southwest of the Jacob’s Twin target area (figure 1). This new target contains many highly anomalous Au and Cu soil anomalies in a tightly clustered grouping and along the same trend of anomalous IP chargeability. This area shows the potential for expansion of the mineralized system along a regional trend.
Figure 1 – Jacob’s Twin drilling with high priority target along trend
To view an enhanced version of Figure 1, please visit:
https://images.newsfilecorp.com/files/5993/137998_bb42846a44b24933_001full.jpg
Figure 2 – Cu-Au-Ag discovery in quartz-carbonate-sulphide veins from DDH JP-22-10
To view an enhanced version of Figure 2, please visit:
https://images.newsfilecorp.com/files/5993/137998_bb42846a44b24933_002full.jpg
Table 1 – Jacobs Twin Cu-Au-Ag-Target – uncut assay highlights
Hole No. | From (m) | To (m) | Interval (m) | Cu (%) | Au (g/t) | Ag (g/t) | Zone |
JP-22-05 | 45.00 | 51.00 | 6.00 | 0.32 | NSV | 1.98 | |
JP-22-07 | 43.00 | 45.00 | 2.00 | 0.43 | NSV | 1.50 | |
And | 49.00 | 51.00 | 2.00 | 0.49 | 0.40 | 17.05 | |
JP-22-10 | 128.90 | 140.00 | 11.10 | 0.25 | NSV | 7.36 | Upper Zone |
Including | 131.15 | 137.00 | 5.85 | 0.37 | NSV | 12.72 | |
And | 183.30 | 200.00 | 16.70 | 0.40 | NSV | 6.01 | Lower Zone |
Including | 192.25 | 200.00 | 7.75 | 0.53 | 0.35 | 12.15 | |
Including | 192.25 | 195.70 | 3.45 | 0.81 | 0.71 | 21.04 | |
Including | 193.45 | 196.45 | 3.00 | 1.03 | 0.71 | 24.95 | |
JP-22-13 | 197.00 | 199.80 | 2.80 | 1.10 | 0.87 | 46.60 | |
Including | 198.66 | 199.80 | 1.14 | 2.19 | 1.39 | 108.30 |
Figure 3 – IP chargeability zone with mineralized zones indicated
To view an enhanced version of Figure 3, please visit:
https://images.newsfilecorp.com/files/5993/137998_bb42846a44b24933_003full.jpg
Table 2 – Jacobs Twin Collar Details
Hole No. | Azimuth (degree) | Dip (degree) | Length (m) | UTM E | UTM N |
JP-22-1 | 337.5 | -77 | 181 | 451818 | 5343981 |
JP-22-2 | 157.5 | -45 | 131 | 451643 | 5344130 |
JP-22-3 | 337.5 | -65 | 221 | 451643 | 5344130 |
JP-22-4 | 337.5 | -45 | 212 | 452110 | 5344056 |
JP-22-5 | 337.5 | -45 | 104 | 451036 | 5343527 |
JP-22-6 | 337.5 | -75 | 116 | 451036 | 5343527 |
JP-22-7 | 337.5 | -45 | 89 | 451074 | 5343542 |
JP-22-8 | 337.5 | -45 | 119 | 451084 | 5343520 |
JP-22-9 | 337.5 | -45 | 89 | 451099 | 5343556 |
JP-22-10 | 337.5 | -68 | 228.4 | 450989 | 5343367 |
JP-22-11 | 337.4 | -79 | 224 | 451081 | 5343405 |
JP-22-12 | 337.5 | -50 | 203 | 450887 | 5343353 |
JP-22-13 | 337.5 | -68 | 230 | 450994 | 5343354 |
Drilling Quality Assurance/Quality Control (“QA/QC”)
All NQ core is geotechnically measured, logged and marked for sampling. The core is then cut by Company personnel, with half put into bags with unique sample tags for identification while the other half is retained for reference. CRM standards and blanks are inserted at regular intervals in the sample stream. The bags are sealed with a security tag and are then transported directly to the lab by TRU staff. Core samples are analyzed at either SGS in Burnaby B.C., or Eastern Analytical Ltd. (“Eastern Analytical”) of Springdale, NL.
Eastern Analytical is a commercial laboratory that is ISO/IEC 17025 accredited and independent of TRU. Eastern Analytical pulverized 1,000 grams of each sample to 95% < 89 mum. Samples are analyzed using fire assay (30g) with AA finish and an ICP-34, four acid digestion followed by ICP-OES analysis. All samples with visible gold or assaying above 1.00 g/t Au are further assayed using metallic screen to mitigate the presence of the nugget effect of coarse gold. Standards and blanks are inserted at defined intervals for QA/QC purposes by the Company as well as Eastern Analytical. True widths for reported intervals have yet to be determined.
SGS is a commercial laboratory that is independent of TRU. Rock and core samples are shipped to the SGS Grand Falls-Windsor Mobile Sample Prep facility where they are sorted, logged, weighed, dried at 105 C, crushed to 75% passing 2 mm, split to 250 g, and pulverized for 85% passing 75 microns. Pulps are shipped within the SGS lab network to SGS Burnaby, where they are typically tested by 30 g fire assay with AAS for gold, and aqua regia digest with ICP-AES for the 34 element package. Over limit analysis for Au is done with fire assay and gravimetric finish, and multi-elements by ore grade sodium peroxide fusion with ICP-AES.
Soil samples are sorted, logged, weighed, dried at 60 C and screened to 180 microns. Undersized material is shipped to SGS Burnaby, where samples are typically tested by 30 g fire assay with ICP-AES for gold and aqua regia digest with ICP-AES for the 34 element package.
SGS laboratories operate a Laboratory Information Management System (SLIM). The SLIM system includes method set up protocols (analytes, ranges, internal QC materials that include blanks, duplicates, replicates, and reference materials) as well as their frequency of insertion and tolerance requirements. Quality control is performed at the sample preparation stage to include % passing requirements at the crush and the pulverizing stages at set frequencies and QC samples are added to every batch of samples throughout the entire process at a frequency of ~10-15% and include preparation blanks, preparation duplicates, pulp replicates, method blanks and certified reference materials. SLIM is also used to monitor our internal processes for instruments, equipment, sample tracking, storage and reporting formats. SLIM uses a secure and complete audit trail to ensure traceability and confidentiality.
SGS Burnaby facility is accredited to the requirements of ISO/IEC 17025 for various tests listed on their scope of accreditation at https://www.scc.ca/en/search/laboratories/sgs
The TRU exploration program design is consistent with industry best practices and the program is carried out by qualified persons employing a QA/QC program consistent with National Instrument 43-101.
National Instrument 43-101 Disclaimers
Note that soil, rock and float samples are selective by nature, and values reported may not represent the true grade or style of mineralization at Golden Rose. Readers are cautioned that these potential grades are conceptual in nature; there has been insufficient exploration by the Company or its qualified person at Golden Rose to define a mineral resource or mineral reserve; and it is uncertain whether further exploration will result in these targets being delineated as a mineral resource or mineral reserve.
The reader is cautioned that descriptions of mineralization, soil anomalies and IP anomalies reported in this news release are preliminary and/or early-stage results. While these features are considered encouraging, there is no guarantee that these features will return significant gold and/or copper values when drilled.
Qualified Person
Barry Greene, P.Geo. (NL) is a qualified person as defined by National Instrument 43-101 and has reviewed and approved the contents and technical disclosures in this press release. Mr. Greene is a director and officer of the Company and owns securities of the Company.
About TRU Precious Metals Corp.
TRU (TSXV: TRU) (OTCQB: TRUIF) (FSE: 706) is on a mission to build long-term shareholder value, through prudent natural resource property development and transactions. Currently, TRU is exploring for gold and copper in the highly prospective Central Newfoundland Gold Belt and has an option with TSX-listed Altius Minerals to purchase 100% of the Golden Rose Project. Golden Rose is a regional-scale 233 km2 land package, including a newly discovered 20 km district-scale structure, and an additional 45 km of strike length along the deposit-bearing Cape Ray – Valentine Lake Shear Zone, directly between Marathon Gold’s Valentine Gold Project and Matador Mining’s Cape Ray Gold Project.
TRU is a portfolio company of Resurgent Capital Corp. (“Resurgent”), a merchant bank providing venture capital markets advisory services and proprietary financing. Resurgent works with promising public and pre-public micro-capitalization companies listing on Canadian stock exchanges. For more information on Resurgent and its portfolio companies, please visit Resurgent’s website at https://www.resurgentcapital.ca/ or follow Resurgent on LinkedIn at https://ca.linkedin.com/company/resurgent-capital-corp.
For further information about TRU, please contact:
Joel Freudman
Co-Founder & CEO
TRU Precious Metals Corp.
Phone: 1-855-760-2TRU (2878)
Email: ir@trupreciousmetals.com
- Published in Uncategorized
Northern Lights Completes UAV Geological Surveys at Secret Pass
Northern Lights Resources Corp. (the “Company” or “Northern Lights”) (CNSX:NLR.CN) is pleased to announce that a team from MWH Geo Surveys International Inc. (MWH Geo-Surveys) are currently on site at the Secret Pass gold project in Arizona. MWH Geo Surveys have been appointed by the Company to complete drone based geological surveys as part of the 2020 phase one exploration program at Secret Pass. This work was initially planned to commence in March but due to COVIC-19 pandemic travel restrictions the start date was delayed.
MWH Geo Surveys are completing two key field programs at Secret Pass:
- 1) Orthophoto digital mapping survey which will generate a high resolution surface model of the entire 868 hectare license area; and
- 2) An aeromagnetic survey to produce a high resolution structural map that will be used to identify prominent structures that may host gold mineralization. The magnetic survey will be conducted on a 50 metre line spacing and will total approximately 200 line km of survey data.
The UAV survey field work is expected to be complete this week with interpretation of the results by a geophysicist to follow.
The results of this field work will be used to identify target zones at Tin Cup and other prospective sites on the Secret Pass License area for follow up exploration field work including drilling.
The scientific and technical data contained in this news release was reviewed and approved by Gary Artmont (Fellow Member AUSIMM #312718), Head of Geology and qualified person to Northern Lights Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.
For further information, please contact:
Albert Timcke, Executive Chairman and President
Email: rtimcke@northernlightsresources.com
Tel: +1 604 608 6163
Or
Jason Bahnsen, Chief Executive Officer
Email: Jason@northernlightsresources.com
Tel: +1 604 608 6163
About Northern Lights Resources Corp.
Northern Lights Resources Corp is a growth oriented exploration and development company that is advancing two projects: The 100% owned, Secret Pass Gold Project located in Arizona and the Medicine Springs, a high grade silver-zinc-lead property located in Elko County Nevada where Northern Lights is earning 100%.
Northern Lights Resources trades under the ticker of “NLR” on the CSE. This and other Northern Lights Resources news releases can be viewed at www.sedar.com and www.northernlightsresources.com .
- Published in Mining, News Home, Northern Lights Resources, Uncategorized
Colibri Announces That Phase 1 Drilling Program at Evelyn Gold Project Is Complete
Dieppe, New Brunswick–(Newsfile Corp. – March 16, 2020) – Colibri Resource Corporation (TSXV: CBI) (“Colibri” or the “Company”) is pleased to announce that Major Drilling has completed Phase 1 drilling at the Evelyn Gold Project located 60 km NW of Caborca Mexico.
The initial 5-hole diamond drilling program measured a total of 815.6 meters in length and tested two separate mineralized corridors of initial interest named “Cerro Rojo” and “El Sahuaro”.
The HQ sized diamond core drilling program was completed in 15 days and the core collected is currently being logged, split, and bagged for assay sampling at ALS Global Labs in Hermosillo. Assay results will be disclosed in due course.
The “Caborca Gold Belt” hosts many gold mines and deposits including La Herradura, Mexico’s largest gold mine which produced 474,168 ounces of gold in 2018 at an average grade of 0.80 g/t Au (25km west of Evelyn) and Noche Buena mine which produced 167,208 oz Au at an average grade of 0.52 g/t Au in 2018 (9km south west of Evelyn). (www.fresnilloplc.com)
Figure 1
To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/4269/53476_22c0a63ba45eb97e_001full.jpg
About Colibri Resource Corporation:
Colibri is a Canadian-based mineral exploration company listed on the TSX-Venture Exchange (symbol:CBI) which is focused on acquiring and exploring properties in Mexico. The Company currently has five active exploration properties at various stages of exploration in Sonora State.
For more information about our projects please visit: www.colibriresource.com
We seek safe harbour.
For further information: Ronald J. Goguen, President, Chairperson and Director, Tel:(506) 383-4274, rongoguen@colibriresource.com
The TSX Venture Exchange has neither approved nor disapproved the contents of this news release.
- Published in Uncategorized
Beneath the Surface – Everything You Need to Know About Gold Mines
“Gold will be around… Gold will be money when the dollar and the euro and the yuan and the ringgit are mere memories.” — Richard Russell
Gold is valuable because it holds an objective, independent value separate from the rise and falls of the dollar. This is why gold is known as a safe-haven investment and generally accepted as a wise investment choice. However, not all gold investments are equal and the type and grade of gold deposits can greatly affect the strength of the investment. Understanding these different factors is vital in securing the best investment.
Lode to Placer
All gold originates from lode deposits. Lode deposits, put in the simplest terms, is gold contained within a rock. Lode deposits lead to placer deposits. Over the course of time, natural erosion takes place and the gold within the rock is eroded into gold dust. This dust is then transported to places such as creeks or rivers.
As the dust moves to these areas, they will begin to concentrate and form the gold nugget shape that many people may be familiar with. Gold from these placer deposits will typically be clean from most rock material and worn smooth.
From Gold Lodes to Loads of Gold
Sourcing gold from lode deposits is more expensive and resource heavy than sourcing gold from placer deposits. Since the rock in lode deposits is locked up in the rock it takes a lot of resources and personnel to be able to extract the gold effectively.
Placer deposits on the other hand, have been separated from the rock naturally. Since placer deposits are also located in areas above ground, such as creeks and rivers, they are easily accessible as well. Sourcing gold from placer deposits are also cheaper because the tools that are needed to extract the gold are simpler and less expensive.
It is easy to see why placer deposits were such a popular option in the past. However, in modern times, few placer deposits remain. Since placer deposits take thousands of years to become a reliable source of gold, once all the placer deposits have been mined out, they are no longer lucrative. Pursuing placer deposits in the current age is a wild goose chase and not recommended.
Lode deposits, however, are plentiful and still very lucrative in the mining industry. The top gold deposits in the world are now lode deposits and many small-cap companies are rising quickly in the industry through successful lode deposit operations.
Grade A Gold
When people think about the grade of gold, they often think about the carats of a gold piece. However, the grade of a gold mine takes on a different meaning that is equally, if not more, important.
The standards of high-grade and low-grade gold ore are set by the World Gold Council. The World Gold Council defines a high-grade gold mine as having a gold ore density between 8 and 10 g/t (grams per ton). Average mines will have between 4-7 g/t and low-grade gold mines have between 1-4 g/t.
It is important to understand that a lower amount of grams per ton will not always mean that a mine less viable. Open-pit mines can be very lucrative even at low-grades since they generally have lower operating costs. Thus, it is recommended to evaluate gold mines through cost per ounce rather than grams per ton.
The Bigger They Are, The Costlier They Are
The cost of operating the mine is another factor that should be considered when choosing which mine to invest in. Even the highest grade of gold mines may not be lucrative if the cost to run them is high.
However, as technology progresses, mining is becoming more streamlined and efficient. In the modern age, mining operations usually consist of smaller, targeted operations rather than the traditional large-scale mines.
This transition to smaller operations has greatly benefitted small-cap mining companies and investors because it provides a cheaper barrier of entry for both parties. Small-cap companies are able to run highly successful targeted operations and investors are able to get into the ground level with potentially highly lucrative mines.
Small-Caps, Big Hitters
“In investing, what is comfortable is rarely profitable.” – Robert Arnott
Investing in more established mining companies may seem like the “safe” thing to do, but it is almost never the more lucrative thing to do. Junior mining companies can grow in ways that are impossible for larger mining companies. There are many junior mining companies who have had successful operations or on the edge of discovering large mining yields.
Rio Silver currently has projects set in prime mining areas in Peru. Peru is geologically rich with gold and in 2018, it produced the 7th most gold in the world at 155.4 tons. San Marco Resources has planned drilling expeditions on the infamous Buck Property, a location in British Colombia, Canada that has yielded much gold in previous drilling expeditions. Midas Gold Corp has a project in the works called the Golden Meadows project. This project is located in the Central Idaho Porphyry (Gold) Belt, a gold rich area that has yielded over 8 million ounces of gold in the past.
Highly successful targeted operations from junior minor companies can skyrocket a company’s value. Given the advance in mining technology and the favorable climate for lode deposit mining, the timing to invest in junior mining companies has never been better.
There are many factors to consider when investing in gold mines, however, with proper research, gold mines will make a highly lucrative addition to any portfolio.
- Published in Uncategorized
The Rise of the Lundin Empire
Did you know that a single family is responsible for most of the natural resource discoveries within the past few decades? The Lundin family is a name that is associated with some of the most lucrative and profitable natural resource discoveries in history
The Lundin Group was founded over 40 years ago by Adolf Lundin and has now evolved to become one of the most prominent names in the industry of natural resources. The Lundin group consists of 13 publicly traded companies with a total group market capitalization of around $20.99 billion.
Shaky Beginnings
The Lundin family didn’t start from riches. Adolf Lundin was born to a middle-class family and was always enticed by the depiction of an American-styled oil baron. In 1970, Adolf decided to devote himself to investing and stock picking. During this time, Adolf made over $300,000 by investing in a Canadian zinc and lead mining company, Aaro Explorations.
However, in the same year, a Lundin-managed fund had misinterpreted some information and invested a lot of money into a company called Tasminex. This poor investment almost derailed Adolf’s entire enterprise. Still, Adolf Lundin was not dissuaded by this poor investment. With strong business acumen and the courage to take on high risks, Adolf set off on his next venture.
In 1972 he flew to Dota, the capital of Qatar, to discuss exploring and discovering potential gas and oil fields. Adolf and his partner put together a group of German oil companies led by Wintershall for the exploration and development of the Gulf coast. This project eventually came to be known as Gulfstream Resources, in which Adolf Lundin and his partner were entitled to 5% stake. This project led to the discovery of the North Dome Gas Field, one of the biggest gas fields ever discovered, and this skyrocketed the value of the project. At the end of 1976, Adolf Lundin’s 5% stake was worth $15 million, and he sold this share to finance and build up his enterprise.
A History of Success
Adolf Lundin went on to have a lucrative career with a history of large-scale successes. In 1992, Adolf purchased the rights to the undeveloped gold and copper deposits of Catamarca, Argentina for $2 million through his company the International Musto Exploration. These deposits ended up yielding around 300 tons of gold and 2.7 million tons of copper. In 1994, Adolf sold 50% of his stake for $130 million. In the following year, Adolf sold the other 50% for $325 million.
Adolf’s successes did not stop there. In 1998, he discovered the En Naga oil field, which yielded 100 million barrels of oil. In the same year, he discovered Block PM 3m, a 144-barrel oil field. In the following year, he discovered Thar Jath, another oil field that yielded 150-million barrels.
Adolf was an accomplished trader as well, often helping build up companies and selling them for large sums of profit. Lundin Oil was sold in 2001 for $480 million. Musto Exploration was sold for $500 million and Argentina Gold was sold for $300 million. Adolf Lundin was a billionaire by the time he retired. He had amassed
huge fortunes for himself as well as many investors.
The Lundin Group Today
The Lundin Group is now succeeded by Adolf Lundin’s two sons – Lukas H. Lundin and Ian H. Lundin. Together they manage an enterprise with operations in over 20 countries through 13 different companies. In addition, the Lundin Group continues to be involved in investing and building up other companies. With a reputation for strong environmental responsibility and shared community values, the Lundin group seeks to follow Adolf Lundin’s vision, utilizing proven methods of investing and management.
The Lundin Group and Small-Cap Stocks
Businesses associated with the Lundin family have the potential to be very lucrative investments. Adolf Lundin was well-known in building up business and selling them for large sums of profit. Investors that stood by Lundin saw their investments grow exponentially.
Lukas and Ian had learned from their fathers business acumen and tactics. As a result, companies that are associated with the Lundin family will benefit from time-tested and proven tactics. Since the Lundin Group has a knack for building up small companies into industry titans, investors of today can look at Lundin investments with confidence and use their involvement as a success story benchmark when investing in junior mining companies.
The Lundin family is currently associated with several micro and small-cap stocks that investors may be interested in. Some of the 13 companies directly associated with the group were recently founded, and as a result, have very inexpensive prices per share.
NGEx Minerals LTD was founded in 2019 and is currently trading at $0.36CAD per share. Given the group’s long history of success with mining and exploration, a modest investment here could yield extremely large returns. Filo Mining Corp. made its public debut in 2016, trading at around $1.11CAD per share. After several successful drilling campaigns, the company is now trading at $2.20CAD per share. Early investors would have seen their money double through this company. Filo Mining Corp. is planning an extensive drilling campaign for the 2019/2020 season to expand currently indicated resources. This campaign could increase the company’s stock value very quickly if it is successful.
The Lundin family has investments in other high-potential companies too that are not directly affiliated with the group. BlueStone Resources (BSR) is a gold project in Guatemala with 34% of their shares belonging to the Lundin Family. Two of the board of directors of BSR are representatives from the Lundin family as well. The company is currently trading at $1.05 per share, with experts suggesting that that number is undervaluing the company and the gold mine project will be wildly profitable to investors.
This tactic of purchasing 30% of a company was utilized to great effect by Adolf Lundin. Adolf would routinely purchase 30% of shares to high-potential companies, and with his guidance, turn them into highly profitable companies. BSR will benefit from the same time-tested methods.
Colbiri Resources (CBI) is a company with gold mining projects in Mexico. One of their projects, the Pilar Project, is taking place on a property previously owned by Santa Catalina Mining – a company led by Lukas Lundin. Consequently, this company will also benefit from the Lundin families experience in selecting high-yield mining locations. CBI is currently trading at $0.07CAD with the potential to grow rapidly.
Investing in the Lundin Family
The Lundin family has a proven track record of profitable ventures and investments. Adolf Lundin made large profits for himself and even larger profits for investors that put their faith in him. Lukas and Ian Lundin have inherited their father’s talent for business and continue to lead the Lundin Group as one of the most reputable names in the natural resources industry.
- Published in Mining, News Home, Uncategorized
Global Energy Metals Provides Corporate Update and Outlook on the Battery Minerals Sector Emphasizing the Company’s Exposure to What Is Becoming the Biggest Investment Trend Today – Global Electrification and Energy Storage
Global Energy Metals Corporation ( TSXV:GEMC ) | ( OTC:GBLEF ) | ( FSE:5GE1 ) is pleased to report the following update with respect to recent corporate activities and provide commentary to the general sense of the battery minerals market as the company has been recently representated at a number of key international events including participation in a bilateral government sponsored trade and investment mission in Seoul, South Korea , attending Asia’s largest mining summit in Tianjin, China and presenting the ” Case for Cobalt ” at the CRU Ryan’s Notes Ferroalloys Conference in Miami, USA .
” Lithium-ion batteries are at the heart of the current and future energy transition. Batteries that are ‘Powered by Cobalt’ … an investable mineral, critical for the future of the eMobility revolution. To get exposure to the battery and energy storage opportunity, maybe the biggest investment growth opportunity there is at the moment, one needs to look at the companies securing the metals critical to the space. Global Energy offers that exposure at a basement level entry cost,” commented Mitchell Smith, President & CEO during a recent interview with U.K. based Share-Talk Ltd.
Six-Month Recap
In what’s been a challenging market, GEMC has been very active in advancing its multi-continental project initiatives while strengthening its understanding of the potential for the battery mineral assets.
In early summer 2019 the Company commenced an exploration program to better understand potential of Lovelock and Treasure Box, it’s Nevada-based cobalt, nickel, copper properties. The maiden program included UAV- MAG airborne surveying and orthophoto digital modelling (results pending), never before done underground sampling and mapping and extensive field work including multiple site visits, all in preparation for defining drill targets for a next-phase program.
The Company formed a strong partnership with TSX-V listed Canada Cobalt Works and acquired the right to use their RE-20x technology, a process that skips the normal smelting process to achieve exceptionally high recovery rates for cobalt, nickel and copper amongst other minerals, while also removing 99% of the arsenic expanding the potential of the Lovelock mine by ultimately creating battery grade cobalt sulphate.
GEMC also increased its land position areas contiguous to its current holdings in Nevada building a strong footprint in what’s been rated by Fraser Institute as the best jurisdiction in 2019 for mining investment.
Given strong metallurgical and drill results the Company revised its agreement with ASX listed Hammer Metals and completed a transformational acquisition by taking 100% ownership of the flagship Millennium project along with two highly prospective projects in Mount Isa – Mt. Dorothy and Cobalt Ridge – all in Queensland Australia.
Reiterating the potential of Millennium, the Company filed a Technical Report highlighting the upside opportunity and resource expansion potential for the cobalt-copper bearing project.
This also led to a partnership with ASX listed industry peer, Cobalt Blue Holdings , to investigate cobalt-copper-gold recovery potential for Millennium. Studies are ongoing with results pending.
Canada-Korea Investment & Trade Mission
Korea is an auto manufacturing and high tech hub – industries that rely on critical minerals such as rare earth elements and battery metals like lithium, cobalt, graphite and nickel.
Because of this, Korea is very active in seeking to secure global value chains for these critical minerals and to reduce their reliance on imports from non-market economies. The Canadian government realized this and because of the free-trade agreement in place organized a trade and investment summit.
In this context, through this government sponsored mission, it allowed Global Energy Metals to position itself as a near-term solution to Korea’s challenges and gaps in securing a safe supply of critical metals needed to fuel growth in its domestic industries including energy storage and vehicle electrification.
2019 Canada Mining Delegation Tour of EcoPro Battery Factory in South Korea
A strong outcome from the summit was achieved having established ongoing conversation with some of the world’s largest battery cathode manufacturers.
Showcasing Battery Metal Investment at Asia’s Top Mining Summit
The Comapny was represented at the 2019 China Mining Summit in Tianjin, China by its China-based strategic advisor, Dr. Wei Qian who held several meetings with various Chinese and worldwide groups seeking cooperation and business opportunities in the battery minerals sector that expressed a keen interest in procuring safe jurisdictional battery minerals supply.
Companies like Beijing Easpring Material Technology Company which the Global Energy first entered a long-term strategic cooperation agreement with in March of 2017 to jointly invest in and develop cobalt projects.
Overall an emphasis was made to highlight GEMC as a future source of cobalt, nickel and copper from the Company’s strong portfolio of growth stage projects in Australia , Canada and the United States .
CRU Ryan’s Notes Ferroalloys Conference
CEO, Smith was asked to represent the cobalt sector for the second time at what is considered the most important and largest annual gathering of ferroalloy professionals in the US. The conference has a trusted track-record for delivering 640+ delegates including producers, traders, and consumers, operating across a wide range of bulk ferroalloys, minor metals, and powder product markets from across the full supply chain and facilitating intensive deal-making on a scale that’s second to none.
It was there, in Miami that Smith recognized the US dependence on critical minerals from competing nations and expressed the need for investment and capital market support needed to to source, develop and produce a domestic supply of these critical minerals – cobalt very much being high on the list.
Battery Minerals Outlook – The Case for Cobalt
The transportation and energy storage industries are now set to undergo a profound transformation over the coming decades with a global shift from fossil fuelled to electric powered.
To support the transition to a low-carbon economy, governments, businesses and consumers around the world are investing considerable amounts in renewable energy technologies, including electric vehicles, solar panels and wind turbines.
One could even say that the rise of electric vehicles and battery storage are becoming two of the biggest investment trends today.
Cobalt is central to the development and deployment of these technologies– largely due to its use in lithium-ion batteries–and as such, the demand for this critical mineral has and is predicted to increase substantially.
The supply of this mineral, however, is not projected to meet the demand, with shortfalls expected in the coming decade.
Concerns along the supply chains of cobalt–including the potential use of child labour in extraction, conflict, corruption, jurisdictional risk and it being mined as a byproduct of copper and nickel, place additional strain on responsible sourcing.
With explosive growth projections and high adoption rates, a once in a generation investment opportunity has been created .
And that opportunity is rooted in the raw materials and companies that are powering the road to electrification. Companies such as Global Energy Metals that are exposed to critical battery minerals like cobalt, nickel and copper are primed for success as this rEVolution matures.
In the interview with Share-Talk CEO Smith summarized the opportunity Global Energy Metals presents for its investors and spoke in detail to the events over the past six months:
” We built this company for our stakeholders. It’s a company that provides investors and partners with the much needed exposure to the electrification thesis. A company that through the development of a diversified portfolio of strategic battery mineral projects is focused on becoming a supply chain solution to safe and reliable cobalt for downstream partners. Investors will see ongoing announcements surrounding our continued programs in Nevada and further developments on Millennium – one of the most exciting scalable primary cobalt projects in the industry.”
The entire Share-Talk interview can be listened to by clicking on this link .
Global Energy Metals Corporation
(TSXV:GEMC | OTCQB:GBLEF | FSE:5GE1)
The transportation industry is set to undergo a profound transformation over the coming decades with a shift from fossil fuelled to electric powered vehicles. Global Energy Metals provides exposure to the e-mobility revolution through the development of a diversified supply chain for downstream users with potential to grow into a significant cobalt and battery minerals supplier. Global Energy Metals holds 100% of the Millennium Cobalt Project and two neighbouring discovery stage exploration-stage cobalt assets in Mt. Isa, Australia . It also currently owns 70% of the Werner Lake Cobalt Mine in Ontario, Canada, and has an option to acquire an 85% interest in two cobalt-nickel-copper exploration projects in Nevada, 150km East of the Tesla Gigafactory.
For Further Information:
Global Energy Metals Corporation
#1501-128 West Pender Street
Vancouver, BC, V6B 1R8
Email: info@globalenergymetals.com
t. + 1 (604) 688-4219 extensions 236/237
Twitter: @EnergyMetals
- Published in Uncategorized
6 Reasons Why You Should Invest in Small Cap Stocks
Small-cap stocks tend to be misunderstood, and as a result, investors often miss out on very lucrative opportunities. Many individuals have amassed large fortunes by investing in these types of stocks. Here are 6 reasons why you should invest in small cap stocks.
1. Higher Potential for Growth
A small-cap stock is a type of stock with a market capitalization between $300 million to $2 billion. Many successful companies were traded as small-cap stocks at one point in time. Consider the astronomical success of Monster Beverage Corporation.
Monster Beverage Corp is the most successful US stock of this century. When Monster’s shares first went public in 2003, they sold for $0.10 per share and the company had a market value of less than $1 million. Today the company is worth around $56 per share with a market value of $29 billion. That’s over a 60,000% increase within the past 2 decades.
As you might imagine, early adopters Monsters Beverage Corp stock would have saw their investments grow exponentially. This is the benefit in investing in micro-cap and small-cap companies. These types of companies offer a chance for investors to get in on the ground floor with younger businesses that may have a higher ceiling of potential.
As a company matures, it becomes increasingly difficult for that company to grow organically. This is because if a company becomes very successful, it will grow to address a large portion of its target audience, which makes further organic growth difficult. As a result, large-cap stocks may take a long time before there is any return or significant growth on investments.
Small-cap companies are usually younger and can grow in ways that are simply impossible for mid-sized or large companies. Companies in their early stages and have the potential to maximize on investments since they can still grow organically. Such equity increases can come in forms such as buyouts, new discoveries or developments and/or strategic acquisitions.
For example, a mining company could be trading at $0.04 per share before entering the exploration stage. However, during the exploration stage, the company finds a gold vein or another valuable source in the mine. This new discovery will propel the value of the stock to rise rapidly, and each share could grow to be worth over $1 almost instantly.
2. Thinly Traded
Small-cap stocks are usually more thinly traded than larger stocks. This means that there is a lower number of buyers and sellers. Although this can be a double-edged sword, careful investors can use this as a tool to increase returns on their investments.
When a company grows, their reported revenues and earnings may grow as well. As the pubic becomes more aware of a company and its future potential, they will seek to invest. However, since there is a low amount of shares available, the prices of each individual share will rise significantly.
3. Financial Institutions Don’t Invest
Financial institutions must comply with strict regulations set by the SEC, which prevents these institutions from heavily investing in small-cap companies. This allows individual investors to purchase shares at a price that is not artificially inflated by financial institutions.
In addition, when these companies reach a level of success where institutions can invest, the institutions will buy a large number of shares and significantly raise prices. These raised prices will greatly benefit pre-existing shareholders.
4. Unknown Values
Small-cap companies have very little analysis coverage compared to their mid-cap and large-cap counterparts. As a result, it is highly possible that the listed value of a small cap company is not reflective of the true value of that company. This inefficiency in the market creates opportunities for individual investors to obtain optimum pricing on shares and receive high returns on those investments.
5. Company Flexibility
Small-cap companies are usually smaller in size and run by a more intimate management staff. As a result, these smaller companies are able to adapt to changing market conditions with quicker haste. This is exactly what happened between Netflix and Blockbuster.
Netflix went public with their stock in 2002, selling at $15 per share with a market value of around $300 million. One of their main competitors, Blockbuster, had a firm hold of the market during this time and, in 2004, was worth around $5 billion. However, Blockbuster was slow to adapt to changing market trends and technologies, such as the popularity of video streaming. This eventually led to the company declaring bankruptcy. On the other hand, the management at Netflix was quick to identify and adapt to market trends, which led to it becoming the iconic company it is today.
6. Diversification
Small-cap stocks have less liquidity than large-cap stocks and, as a result, it may be difficult to buy and sell them at optimal prices. Although it may seem contradictory, this lack of liquidity may actually be beneficial in certain circumstances.
If the market shifts and a large number of investors seek to purchase less-liquid stocks, then the lack of liquidity can be greatly beneficial to pre-existing small-cap stock owners. The increased demand for less-liquid stocks will inflate prices for small-cap stocks more quickly and significantly than the higher liquidity large-cap stocks.
Carefully selecting small-cap stocks and investing in them can add to the overall quality of your portfolio through diversification. Since the liquidity of these large-cap and small-cap stocks respond differently to market influences, the losses of one side might be mitigated by gains on the other.
Small-cap stocks are often misunderstood and suffer many claims that may not necessarily true. There are many reasons to invest in small-cap stocks, and the diligent investor can turn these stocks into very lucrative opportunities.
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North Bud Farms Inc. (CSE: NBUD, OTCQB:NOBDF): The Low-Cost Cannabis Producer With Tremendous Potential
North Bud Farms Inc. (CSE: NBUD, OTCQB:NOBDF) is on its way to becoming a highly recognizable corporation in the multi-billion dollar cannabis industry. Headquartered in Toronto, Canada, the company has established one of the biggest cannabis production pipelines. Backed by low-cost purpose-built cannabis production facilities, the company is on its way to generating $17.5 million in revenues by 2020.
Highlights
- Completed 24,500 ft2 indoor facility able to produce 1,000 kg of cannabis a year with estimated revenues of $4 million
- Completed 800,000 ft2 outdoor facility able to produce 13,500 kg of cannabis a year. Estimated revenues of $13.5 million.
- California expansion with the acquisition of a cannabis farm consisting of a 300,000 sq. ft. greenhouse
- Nevada Expansion with NBS acquisition
North Bud Farms has achieved significant milestones as it seeks to produce cannabis products to take advantage of strong demand in the burgeoning North American cannabis market. Strategic investments south of the border have come into play, as the company looks to entrench itself in some of the biggest and fastest-growing cannabis marketplaces in the world.
U.S Expansion Drive
The establishment of a U.S based subsidiary, Bonfire Brands, has set the ball rolling as the company moves to enhance its pursuit for growth opportunities in the U.S cannabis landscape.
California, being the world’s biggest cannabis marketplace in the world, has caught the attention of North Bud Farms management. Likewise, the team has struck a deal for the acquisition of an 11-acre property in Salinas that will act as the base for the company’s California operations.
The acquisitions grant the company access to a cannabis farm consisting of a 300,000 square ft. greenhouse. The facility is currently operating and on course to generate 12,000 kg a year of the cash crop while only operating at a fifth of its potential capacity.
Expansion into California comes months after the company made its presence felt in Nevada with the acquisition of Nevada Botanical Science. With the acquisition, the company gained access to medical and adult-use licenses, ideal for launching cultivation, extraction, and distribution of cannabis products in the state.
By setting base in Nevada, the company exposes itself to one of the biggest recreational cannabis markets in the world. Recreational sales in the state clocked highs of $580 million in the first year of legalization.
Canada Cannabis Opportunity
Even on setting sight on the U.S Cannabis market, North Bud Farms continues to strengthen its operations in Canada, a market poised to reach the $5 billion mark in sales by 2021. The company has already completed Phase one of its 24,500 indoor cannabis cultivation facility in Low Quebec.
The cost-effective facility is on course to generate 1000 kg of cannabis a year, which should allow the company to generate as much as $4 million in revenues on selling each gram at $4. Plans are also underway to expand the facility to include an 800,000 sq. ft. outdoor cultivation, which should take production capacity to about 13,500 kg worth of cannabis per year.
By selling, each gram produced at the outdoor facility at $1 a gram then North Bud Farms should be able to generate a cool $13.5 million in revenues with the expanded production capacity.
Ramping up of cannabis production is necessitated by the fact that Canada is on its way to legalizing cannabis edibles as well as CBD infused beverages. Legalization 2.0 promises unique opportunities for growth, given the expanded target market.
In a bid to shrug off competition and generate significant value, North Bud Farms intends to target a cannabis market currently not supplied. Leveraging with its superior quality and competitive price, the company’s target market will be more than 70% of consumers that rely on ‘grey and black’ markets valued at $3 billion for cannabis supplies.
Bottom Line
North Bud Farms is well-positioned to take advantage of the developments as well as emerging opportunities in the North American cannabis marketplace. Robust production capacity should allow the company to enjoy economies of scale once it has hit the market with its first crop and products in 2020.
An opportunity has presented itself as the company’s shares have experienced a recent pullback after an impressive run in the first quarter of the year. Amidst the natural current of the market, the company’s underlying fundamentals have continued to edge higher, given the strategic investments made in Canada and the U.S.
As it stands, the company is trading at less than 1X its projected 2020 revenue with a market cap of about $15 million. On the risk-reward frontier, the company boasts of tremendous potential as a low-cost cannabis company.
- Published in Uncategorized
Trading with the Trade War – Who’s Playing with Fire?
US stocks fell Tuesday as hopes of US and China reaching a deal to end their trade war seemed to fade. Tensions between the two leading world economies appeared to rise following several actions by the Trump administration that could further anger China.
The Dow Jones Industrial Average shed 313.98 points to close the day at 26,164.04 on Tuesday. The S&P 500 dropped 45.73 points and finished the day at 2,893.06. The Nasdaq Composite shed 132.52 points and ended the day at 7,823.78.
The indexes were weighed down by falling stocks of US companies with big China exposure. Shares of Qualcomm, which generates close to 70% of its revenue from China, fell 4.57% on Tuesday. Broadcom shares dropped 2.08% on Tuesday; the company derives 54% of its revenue from China. Intel Corporation and Apple stocks fell 1.77% and 1.17%, respectively. Intel looks to China for 40% of its revenue, while Apple derives more than 20% of its revenue from China.
Stocks of Chinese companies listed in the US also fell. JD.com and Alibaba stocks tumbled nearly 4.0% on Tuesday. iQiyi, the so-called Netflix of China, saw its stock drop more than 3.0%. Baidu stock fell 1.91%.
Several actions by the Trump administration spooked investors, sparking the widespread selloff in stocks.
US blacklists Chinese companies and targets Chinese officials with visa restrictions
On Tuesday, the Trump administration said it would hit Chinese officials linked to the crackdown on Muslim minorities in China’s Xinjiang region with visa restrictions.
On Monday, the administration placed more than a dozen Chinese companies on an export blacklist, which effectively restricts their access to American technologies. The administration blacklisted the Chinese companies because it believes they played a role in the abuse of the Xinjiang Muslim minorities. This is the same Muslim group that Apple said was targeted in an iPhone hack. In May, the administration placed Huawei on a trade blacklist. Consequently, Google, Facebook, and other American companies moved to suspend some business activities with Huawei.
China protested Huawei’s blacklisting and threatened to retaliate. Huawei recently released its Mate 30 flagship smartphone, without Google apps, which many believe diminishes the appeal of that product.
US and China officials meet to talk trade war resolution
The blacklisting of Chinese companies and visa restrictions targeting Chinese officials ratcheted up tensions between the US and China as the two countries prepare to resume trade talks this week. Chinese officials are expected in Washington for talks that seek to find a resolution to the long-standing trade dispute between the world’s two largest economies. The talks are expected to begin on Thursday (October 10).
Stocks fell Tuesday as investors appeared to worry that the Trump administration’s actions would reduce the chances of the US and China reaching a significant trade deal. Both the US and China have imposed import tariffs on each other’s goods. As a result, importers are struggling with higher costs, some of which they pass down to consumers.
Breakthrough in trade talks could lift stocks this week
A deal in the US-China trade war talks beginning Thursday in Washington could spark a stock rebound. And the rebound could be huge considering how low stocks have plunged as the trade disputed escalated. But a lack of a deal could put further downward pressure on stocks.
Investors focused on corporate earnings
In addition to the US-China trade war negotiations in Washington, investors will also focus on corporate earnings to gauge what the future might hold. Corporate earnings reports have begun streaming in this week. Netflix is one of the major technology companies with their earnings report coming soon. Netflix will release its third-quarter earnings report next Wednesday (October 16). There is also growing expectations that the Fed will lower interest rates again this month (October), and that too could lift stocks.
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Grown Rogue International Inc. (CNSX: GRIN) Targets Michigan Cannabis Market to Accelerate Growth
Grown Rogue has set its sights on the Michigan Cannabis market as part of its growth strategy. The expansion is part of an effort of strengthening multi-state operations the firm has already set foot in Oregon and California with strategic investments.
Michigan Cannabis Opportunity
The company is setting its sights on the Michigan cannabis market does not come as a surprise. The State’s cannabis industry is ranked as one of the fastest growing markets, with medical sales having hit highs of $56 million as of May after starting mid-October of last year.
The fact that the Michigan cannabis market is in the early stages of growth means there is room for everyone to jostle for market share, given the lack of a clear leader. The state also boasts of the second largest market for medical cannabis.
The high per capita patient registrations in the State presents a unique market opportunity for Grown Rogue, which is increasingly looking to diversify its revenue streams. Business opportunities could soon increase in the state following the release of new emergency regulations.
In a bid to crack down on black market sales, the State has reduced capital requirement for recreational marijuana. The state has also approved the sale of both medical and recreational cannabis on the same store. With the new regulations, the likes of Grown Rogue will now be able to target both recreational and medical cannabis market concurrently and with ease.
Ramping Up Cannabis Production
In pursuit of growth opportunities in the state, the Company has since entered into a strategic partnership and acquisition with operators in Muskegon. A partnership with Inferno Gardens marks an important step in Grown Rogue bid to ramp up cannabis production in the state.
This also opens the door for the company to gain access to a 24,000 sq. Ft. indoor facility that is to act as a cannabis manufacturing hub. The facility, which is still under construction, will play host to cultivations and processing operations once it is up and running before the end of the year.
“Given that the current Michigan market rates for quality cannabis flower fetches around $3000/lb., this new revenue source bodes well for our company’s revenue targets. We are excited to partner with Jesse and the rest of his team at Inferno Gardens and bring our proven business model and brand to the Michigan market,” explained Obie Strickler, Grown Rogue CEO.
The strategic location of the manufacturing facility should go a long way in benefiting the company. Millions of locals, as well as visitors, pass through the popular corridor on their way to Lake Michigan. In addition, Grown Rogue is planning to launch a cannabis dispensary and processing facility, early next year to strengthen operations in Michigan.
According to the Chief Strategy Officer Jacques Habra, the Michigan manufacturing facility will have the potential to produce up to 1,814 Kgs of premium cannabis annually. Operations in Michigan could generate between $13-14 million in yearly revenue for the company starting next year.
Sales Growth Boost
Expansion into Michigan comes at a time when Grown Rogue is firing on all angles when it comes to operational efficiency. For starters, the company is fresh from reporting two consecutive quarters of robust revenue growth.
A 125% quarter-over-quarter sales growth in the second quarter underscores brand strength as well as distribution reach in Oregon. In the first quarter, the company reported a 388% increase in revenues that came in at $834,309. The company has also seen its cannabis licenses grow from just three to 22 in three states expected to strengthen sales growth.
“To have gained this brand recognition and sales traction, in what is arguably the world’s most competitive legalized cannabis market, bodes very well for our expansion into California and particularly the newly legalized market in Michigan,” said Obie Strickler, President, and CEO of Grown Rogue.
The future looks bright for Grown Rogue as it continues to expand its footprint into some of the biggest cannabis markets. The under-performance in the stock market in the first half of the year presents an opportunity to take a look at a stock trading at a discount relative to the company’s growth metrics.
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