|
|
|---|
Showing posts with label Junior mining. Show all posts
Showing posts with label Junior mining. Show all posts
Sunday, February 14, 2010
'Junior' gold miners seen as attractive: Barron's TNR.V, BVG.v, GRC.to, RVM.to, KTN.v, VTR.v, SGC.v, NGQ.to, GBN.v, BTT.v, FVI.to, MUN.to, ASM.v,
0 comments Posted by andre at 2:54 PM
US Dollar is still on Sell signal daily. It is the key to Gold market and to Juniors performance.
"US Dollar now definitely looks tired and made a Sell Signal. Scare about sovereign debts and Greece particularly helped to sell few more billions of IOU, now reality will be settling in: Sovereign Debt Crisis is here on American soil - California is broken as U.S. itself with Budget Deficit over 10% now, compare it to Europe 6%. Greece will be baled out. Who will bail out USA?"
Gold is at short term Buy signal and is building the base for reversal with a Double Bottom.
Canadian Juniors CDNX are on a short term Buy signal and cross over MA50 will confirm this move.
"Canadian Juniors will be the most exited public with all recent developments, interesting to note, that sector is building reversal which is more aggressive than USD and Gold pace of changing direction - we have a bullish candle and Free White Soldiers, bullish reversal will be confirmed with crossing MA50".
Reuters:
NEW YORK
Sun Feb 14, 2010 4:34pm EST
NEW YORK (Reuters) - With the gold price reaching record highs recently, stock in so-called "junior" miners has skyrocketed too but may still be viewed as a bargain by some investors, Barron's business newspaper said on Sunday.
But it also cautioned that estimated reserves may not always pan out and stocks that once appeared attractive, can sometimes disappoint.
It cited in particular, NovaGold Resources (NG.A) and Seabridge Gold (SA.A), whose valuations have risen ten-fold to about $1 billion each.
The report noted the increased valuations were directly related to the companies' increased estimates of the amount of gold in their reserves.
Barron's said since gold rose to over $1,200 an ounce, the shares of major gold producers, such as Newmont Mining (NEM.N), "went nowhere." But the shares of juniors -- small exploration companies that often have only one property -- had surged.
The newspaper said bulls view NovaGold and Seabridge as cheap at their respective prices of $6 and $25. That represents about $49 and $14 for each ounce of gold they claim to have underground.
"But NovaGold and Seabridge are bargains only if the gold estimates prove out," Barron's said. "The gold industry's recent decades have featured many disappointments in ore grade, tonnage and processing cost.
"At Seabridge and NovaGold. the track records of important technical experts, managers and controlling shareholders raise worries about whether the mines will meet expectations," it said.
Sun Feb 14, 2010 4:34pm EST
NEW YORK (Reuters) - With the gold price reaching record highs recently, stock in so-called "junior" miners has skyrocketed too but may still be viewed as a bargain by some investors, Barron's business newspaper said on Sunday.
But it also cautioned that estimated reserves may not always pan out and stocks that once appeared attractive, can sometimes disappoint.
It cited in particular, NovaGold Resources (NG.A) and Seabridge Gold (SA.A), whose valuations have risen ten-fold to about $1 billion each.
The report noted the increased valuations were directly related to the companies' increased estimates of the amount of gold in their reserves.
Barron's said since gold rose to over $1,200 an ounce, the shares of major gold producers, such as Newmont Mining (NEM.N), "went nowhere." But the shares of juniors -- small exploration companies that often have only one property -- had surged.
The newspaper said bulls view NovaGold and Seabridge as cheap at their respective prices of $6 and $25. That represents about $49 and $14 for each ounce of gold they claim to have underground.
"But NovaGold and Seabridge are bargains only if the gold estimates prove out," Barron's said. "The gold industry's recent decades have featured many disappointments in ore grade, tonnage and processing cost.
"At Seabridge and NovaGold. the track records of important technical experts, managers and controlling shareholders raise worries about whether the mines will meet expectations," it said.
Wednesday, December 16, 2009
Gold in Africa: Volta confirms wide gold mineralization, including higher grade intercepts, at its Kiaka Gold Project in Burkina Faso VTR.v, SGC.v, GG
0 comments Posted by andre at 1:27 PM
Volta Resources is up today 85% on its confirmation of wide gold mineralisation at Kiaka Gold project.
Press Release Source: Volta Resources Inc. On Wednesday December 16, 2009, 9:52 am EST
-Volta intersects 136m (at) 1.66g/t on the KMZ Zone at Kiaka-
TSX: VTRTORONTO, Dec. 16 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR - News) announces the results from the first 3 holes completed on it's Kiaka Gold Project, located approximately 120 kilometres southeast of Ouagadougou, the capital city of Burkina Faso. Volta acquired the property from Randgold Resources, with the transaction being approved by shareholders on November 13th, 2009. The company commenced an aggressive drilling program comprising more than 150 holes for over 22,000 metres on November 22nd, 2009 (see Figure 1 - http://us.lrd.yahoo.com/_ylt=AqxLv09KWSJHKLmcgo7Vp9.vcq9_;_ylu=X3oDMTE2bGlvMTc4BHBvcwMzBHNlYwNuZXdzYXJzdGFydARzbGsDaHR0cGZpbGVzbmV3/SIG=11l9122k3/**http%3A//files.newswire.ca/407/Volta_Resources.pdf). Volta intends to complete the program by the end of April 2010 and to finalize a National Instrument 43-101 ("NI43-101") compliant resource before the end of June 2010. To date, 9 holes have been completed.
The results for the first 3 holes drilled on Section 5250N have already been received from ALS Chemex Laboratories in Ouagadougou. The highlights include:
-Volta intersects 136m (at) 1.66g/t on the KMZ Zone at Kiaka-
TSX: VTRTORONTO, Dec. 16 /CNW/ - Volta Resources Inc. ("Volta" or the "Company") (TSX: VTR - News) announces the results from the first 3 holes completed on it's Kiaka Gold Project, located approximately 120 kilometres southeast of Ouagadougou, the capital city of Burkina Faso. Volta acquired the property from Randgold Resources, with the transaction being approved by shareholders on November 13th, 2009. The company commenced an aggressive drilling program comprising more than 150 holes for over 22,000 metres on November 22nd, 2009 (see Figure 1 - http://us.lrd.yahoo.com/_ylt=AqxLv09KWSJHKLmcgo7Vp9.vcq9_;_ylu=X3oDMTE2bGlvMTc4BHBvcwMzBHNlYwNuZXdzYXJzdGFydARzbGsDaHR0cGZpbGVzbmV3/SIG=11l9122k3/**http%3A//files.newswire.ca/407/Volta_Resources.pdf). Volta intends to complete the program by the end of April 2010 and to finalize a National Instrument 43-101 ("NI43-101") compliant resource before the end of June 2010. To date, 9 holes have been completed.
The results for the first 3 holes drilled on Section 5250N have already been received from ALS Chemex Laboratories in Ouagadougou. The highlights include:
Kevin Bullock, Volta's President and CEO, said, "These first impressively wide intersections clearly support Kiaka's historical potential outlined by Randgold. More importantly, they bode well for Volta's decision to aggressively focus on Kiaka as its premier development project."
Vic King, Volta's COO, said, "The results from Volta's infill drillholes confirm the impressive width of the KMZ zone, previously defined by Randgold on the same section in holes KDH05 and KDH14. More importantly, Volta's closer drill spacing has better defined the continuity on the section of discrete higher grade zones. These were initially observed during Volta's due diligence review of the project. Our logging has confirmed that the higher grade zones can be broadly correlated with brittle-ductile deformation, a strong secondary structural fabric and a distinct alteration assemblage. These relationships will facilitate confidently tracking these higher grade zones from section to section, thereby improving geological modeling and resource estimation, with positive implications for improving overall project economics."
Volta's current drill program will test 1,200m strike of the 2,800m long KMZ zone and 500m of the 700m long KHZ zone. The program will infill and extend drilling such that the KMZ zone is drilled to 50m x 50m spacing from surface to a 150m depth and 100m x 50m from 150m to 200m depth. On the narrower KHZ zone, drill spacing will be 50m x 50m from surface to a 100m depth and 100m x 50m from 100m to 150m. Planning and optimization of the drill program was undertaken with input from SRK Consulting (UK) to ensure that the delivery of the independent resource consultant's NI 43-101 compliant resource is delivered as efficiently as possible.
In order to appreciate the extent and geometry of the mineralization on the 5250N section, the results for the three Volta holes and two of Randgold's holes are highlighted in the Table1 below and on the section (see Figure 2 - http://files.newswire.ca/407/Volta_Resources.pdf). Analyses of the Volta samples were undertaken by fire assay on a 50g charge at ALS Chemex Laboratories in Ouagadougou. Both Volta and Randgold sampling and assay procedures included QA/QC elements that employed the inclusion of certified standards and blanks.
The intersections listed in the Table 1 below are based on a 0.3 g/t gold cut-off with maximum internal dilution of 5m for the lower grade mineralization envelope. In order to highlight the continuity of the high grade zone, a 0.8 g/t gold cut-off with maximum internal dilution of 2m has been used. Details of the drilling are provided in
Vic King, Volta's COO, said, "The results from Volta's infill drillholes confirm the impressive width of the KMZ zone, previously defined by Randgold on the same section in holes KDH05 and KDH14. More importantly, Volta's closer drill spacing has better defined the continuity on the section of discrete higher grade zones. These were initially observed during Volta's due diligence review of the project. Our logging has confirmed that the higher grade zones can be broadly correlated with brittle-ductile deformation, a strong secondary structural fabric and a distinct alteration assemblage. These relationships will facilitate confidently tracking these higher grade zones from section to section, thereby improving geological modeling and resource estimation, with positive implications for improving overall project economics."
Volta's current drill program will test 1,200m strike of the 2,800m long KMZ zone and 500m of the 700m long KHZ zone. The program will infill and extend drilling such that the KMZ zone is drilled to 50m x 50m spacing from surface to a 150m depth and 100m x 50m from 150m to 200m depth. On the narrower KHZ zone, drill spacing will be 50m x 50m from surface to a 100m depth and 100m x 50m from 100m to 150m. Planning and optimization of the drill program was undertaken with input from SRK Consulting (UK) to ensure that the delivery of the independent resource consultant's NI 43-101 compliant resource is delivered as efficiently as possible.
In order to appreciate the extent and geometry of the mineralization on the 5250N section, the results for the three Volta holes and two of Randgold's holes are highlighted in the Table1 below and on the section (see Figure 2 - http://files.newswire.ca/407/Volta_Resources.pdf). Analyses of the Volta samples were undertaken by fire assay on a 50g charge at ALS Chemex Laboratories in Ouagadougou. Both Volta and Randgold sampling and assay procedures included QA/QC elements that employed the inclusion of certified standards and blanks.
The intersections listed in the Table 1 below are based on a 0.3 g/t gold cut-off with maximum internal dilution of 5m for the lower grade mineralization envelope. In order to highlight the continuity of the high grade zone, a 0.8 g/t gold cut-off with maximum internal dilution of 2m has been used. Details of the drilling are provided in
Saturday, July 4, 2009
Junior Mining: Argentina and Mining 101 on investing in high leveraged space. TNR.v, MAI.to, CLQ.v, WLC.v
0 comments Posted by andre at 7:32 AM
In our Junior Mining fast changing market space information is everything and the more opinions you can get the better. It is always pleasant to find somebody else following our stories and market to make a reality check. We found this website very informative and once you always remember that Blogs do not provide any Investment Advise, but give food for thought you should enjoy reading it.
"Friday, July 3, 2009
Successful Investing takes courage - LUN, TNR, MAI, CLQ, WLC
Lundin Mining has bounced back from its lows of last year $0.70 to $3.00+! Goes to show that in mining business - perception can scare people off from excellent opportunities.
Lundin's background.
Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Spain, Sweden and the DRC. The Company currently has four mines in operation producing copper, cobalt, nickel, lead and zinc (Neves-Corvo in Portugal, Zinkgruvan in Sweden, Aguablanca in Spain and Tenke Fungurume in the DRC). In addition, Lundin Mining holds a development project pipeline which includes major expansion programs at its Neves-Corvo and Zinkgruvan mines. The Company also holds an extensive exploration portfolio and interests in international mining and exploration ventures. Lundin Mining's corporate headquarters is in Toronto, Canada, and its operational headquarters in London, UK. Lundin Mining's shares are listed on the Toronto Stock Exchange ("LUN") and its Swedish Depository Receipts are listed on the OMX Nordic Exchange ("LUMI"). With heritage and a series of excellent projects, buyouts, and mergers under its belt, it was crazy in February of 2009 to think a prestigious brand such as Lundin could be below $1.Just a few years ago, Lundin bought out every joint venture partner that the project generation group TNR Gold Corp put out - including the $15/share buyout of Tenke Mining which made shareholder millions. Keep in mind this was just in 2007 August http://lists.miningwatch.ca/pipermail/news/2007-April/001290.htmlNow, in the space of less than a week, Mr. Lundin has followed through and then some. In the past seven days he has unveiled a pair of billion-dollar deals, including a $1.4-billion all-stock offer yesterday for Tenke Mining Corp., which owns a 25-per-cent stake in a copper deposit in the Democratic Republic of Congo that is one of the largest undeveloped ore bodies in the world.The same opportunities now lie with various mining juniors we frequently cover here on Mining 101. The question is - can you stomach the risk of getting in early?$1,000 initial investment in MAI.TO at its low when we mentioned it last August would have turned into $1,300 pretax if not more if you sold when McEwan became CEO - $0.40 to $1.05+. We expect even more from Minera Andes - just look at McEwan's other groups - Rubicon Minerals and US Gold - $1 to $3 during this recovery boom for metals.We follow winners and there's no better winners than founder of GoldCorp and the group we are reviewed earlier today, Lundin Mining. Coincidentally, Lundin has had several successful dealings with this next group, TNR and its subsidiaries.
Successful Investing takes courage - LUN, TNR, MAI, CLQ, WLC
Lundin Mining has bounced back from its lows of last year $0.70 to $3.00+! Goes to show that in mining business - perception can scare people off from excellent opportunities.
Lundin's background.
Lundin Mining Corporation is a diversified base metals mining company with operations in Portugal, Spain, Sweden and the DRC. The Company currently has four mines in operation producing copper, cobalt, nickel, lead and zinc (Neves-Corvo in Portugal, Zinkgruvan in Sweden, Aguablanca in Spain and Tenke Fungurume in the DRC). In addition, Lundin Mining holds a development project pipeline which includes major expansion programs at its Neves-Corvo and Zinkgruvan mines. The Company also holds an extensive exploration portfolio and interests in international mining and exploration ventures. Lundin Mining's corporate headquarters is in Toronto, Canada, and its operational headquarters in London, UK. Lundin Mining's shares are listed on the Toronto Stock Exchange ("LUN") and its Swedish Depository Receipts are listed on the OMX Nordic Exchange ("LUMI"). With heritage and a series of excellent projects, buyouts, and mergers under its belt, it was crazy in February of 2009 to think a prestigious brand such as Lundin could be below $1.Just a few years ago, Lundin bought out every joint venture partner that the project generation group TNR Gold Corp put out - including the $15/share buyout of Tenke Mining which made shareholder millions. Keep in mind this was just in 2007 August http://lists.miningwatch.ca/pipermail/news/2007-April/001290.htmlNow, in the space of less than a week, Mr. Lundin has followed through and then some. In the past seven days he has unveiled a pair of billion-dollar deals, including a $1.4-billion all-stock offer yesterday for Tenke Mining Corp., which owns a 25-per-cent stake in a copper deposit in the Democratic Republic of Congo that is one of the largest undeveloped ore bodies in the world.The same opportunities now lie with various mining juniors we frequently cover here on Mining 101. The question is - can you stomach the risk of getting in early?$1,000 initial investment in MAI.TO at its low when we mentioned it last August would have turned into $1,300 pretax if not more if you sold when McEwan became CEO - $0.40 to $1.05+. We expect even more from Minera Andes - just look at McEwan's other groups - Rubicon Minerals and US Gold - $1 to $3 during this recovery boom for metals.We follow winners and there's no better winners than founder of GoldCorp and the group we are reviewed earlier today, Lundin Mining. Coincidentally, Lundin has had several successful dealings with this next group, TNR and its subsidiaries.
In fact, Lundin could even be getting into the green energy business through TNR... from its past history (TNR + Tenke Mining!)A $1,000 investment in lithium powerhouse TNR Gold (international lithium) at its March 2009 lows of $0.04 is now at $5,000...we are expecting more following its update on Los Azules, and the eventual spinoff of a new IPO - lithium developer ILC. Last I checked - nobody on TSX has anything remotely close to what these guys have done with such a small budget. Read the About TNR section on their latest press release:
TNR is a diversified metals exploration company focused on identifying new prospective projects globally and upon approval of pending licences in Ireland, will have a total portfolio of 32 properties, of which 16 will be subject to the proposed spin-off of International Lithium Corp ("International Lithium"), TNR's wholly owned subsidiary.
It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com/
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the company's commitment to project generation, market diversity, and building shareholder value.
We've done the comparison before - but other than WLC.v (claiming hectorite clay extraction is economical - never been proven) - who else has significant worldwide holdings except for these guys? Feel free to post up comments if you come across - we will try and review other companies and give our opinions."
TNR is a diversified metals exploration company focused on identifying new prospective projects globally and upon approval of pending licences in Ireland, will have a total portfolio of 32 properties, of which 16 will be subject to the proposed spin-off of International Lithium Corp ("International Lithium"), TNR's wholly owned subsidiary.
It is anticipated that TNR shareholders of record will receive one share and one full tradable warrant of International Lithium Corp. for every 4 shares of TNR held as of the yet determined record date. This will result in TNR shareholders owning shares in both TNR and International Lithium. For further details of the spin-off please refer to TNR's April 27, 2009 news release or visit http://www.internationallithium.com/
The recent acquisition of lithium projects in Argentina, Canada, USA and Ireland confirms the company's commitment to project generation, market diversity, and building shareholder value.
We've done the comparison before - but other than WLC.v (claiming hectorite clay extraction is economical - never been proven) - who else has significant worldwide holdings except for these guys? Feel free to post up comments if you come across - we will try and review other companies and give our opinions."
Wednesday, June 17, 2009
Roxmark reports high-grade gold intersections at EP and SP Zone targets of Hardrock Project. RMK.v, PG.tp, HUI, XAU, TLT, DXY, GDX
0 comments Posted by andre at 3:16 PM
Another great results from Premier Gold PG.to from Roxmark Mines RMK.v Hardrock project:19.03 g/t Au across 11.3m and 6.63 g/t Au across 28.1m.
Deposit is shaping very nicely with high grade core, 4 drills are turning fast and resource estimation will be by the year end.
We saw last two days interesting technical formation in Gold stocks, which could lead to bullish reversal from recent correction. TA on Roxmark Mines is very strong now: Cup and Handle bullish formation, Slow STO at Buy, RSI and MACD are neutral - any buying pressure will bring break out from this consolidation phase.
Roxmark reports high-grade gold intersections at EP and SP Zone targets of Hardrock Project
On Wednesday June 17, 2009, 5:25 pm EDT
On Wednesday June 17, 2009, 5:25 pm EDT
19.03 g/t Au across 11.3m and 6.63 g/t Au across 28.1m
TORONTO, June 17 /CNW Telbec/ - Roxmark Mines Limited (TSXV-RMK) today announced that ongoing drilling by Premier Gold Mines Limited (TSX-PG) as operator continues to define significant gold mineralization in multiple zones at the Company's Hardrock Joint Venture Project in the Geraldton camp, Northwestern Ontario. The current program, consisting of delineation and exploration drilling, will continue throughout 2009 and is expected to result in an NI 43-101-compliant resource estimate by year end.
Drilling at the EP Zone continues to exceed expectations with recent step-out and infill holes returning some of the best results received to date. The first three holes drilled to test the South Porphyry Zone ("SP") have all returned high-grade gold mineralization within multiple zones.
Highlights from recent drilling include:
<< - EP Zone: 5.21 grams per tonne gold (g/t Au) across 37.0 metres within the North Limb - 19.03 g/t Au across 11.3 metres in step-out drilling on the South Limb - SP Zone: 6.63 g/t Au across 28.1 metres within the SP Zone underground target 36.22 g/t Au (1.06 oz/ton) across 2.2 metres within the HGV Zone target. >>
Roxmark has a 30% carried interest in the Hardrock Project. The Hardrock Project is host to several past-producing mines which collectively produced nearly 3.0 million ounces of gold within 600 metres of surface from 1938-1968. Early drilling in 2009 focussed on open pit-style mineralization and is now targeting the huge potential to expand higher grade mineralization amenable to efficient underground mining methods. Historically at Hardrock, little effort was made to define narrow vein, high grade mineralization as bulk mining methods were used to extract the ore.
EP-Zone
-------
The EP-Zone has been identified as a potential high-grade open pit target in the vicinity of the historic North Zone, from which 2.97 million short tons of ore were mined at a recovered grade of 0.22 ounces per ton gold (7.54 g/t Au). Drilling has intersected mineralization in multiple sub-zones within the EP target over a strike length of 600 metres.
Previous highlights include 7.60 g/t Au across 20.5 m in hole EP044, 2.37 g/t Au across 62.7 m in hole EP026, and 4.17 g/t Au across 29.0 m in hole EP053. New results, that include 6.66 g/t Au across 14.0 m in hole EP074, 5.21 g/t Au across 37.0 m in hole EP079, and 19.03 g/t Au across 11.3 m in hole EP080 continue to define and expand mineralization within the EP target area." More
Drilling at the EP Zone continues to exceed expectations with recent step-out and infill holes returning some of the best results received to date. The first three holes drilled to test the South Porphyry Zone ("SP") have all returned high-grade gold mineralization within multiple zones.
Highlights from recent drilling include:
<< - EP Zone: 5.21 grams per tonne gold (g/t Au) across 37.0 metres within the North Limb - 19.03 g/t Au across 11.3 metres in step-out drilling on the South Limb - SP Zone: 6.63 g/t Au across 28.1 metres within the SP Zone underground target 36.22 g/t Au (1.06 oz/ton) across 2.2 metres within the HGV Zone target. >>
Roxmark has a 30% carried interest in the Hardrock Project. The Hardrock Project is host to several past-producing mines which collectively produced nearly 3.0 million ounces of gold within 600 metres of surface from 1938-1968. Early drilling in 2009 focussed on open pit-style mineralization and is now targeting the huge potential to expand higher grade mineralization amenable to efficient underground mining methods. Historically at Hardrock, little effort was made to define narrow vein, high grade mineralization as bulk mining methods were used to extract the ore.
EP-Zone
-------
The EP-Zone has been identified as a potential high-grade open pit target in the vicinity of the historic North Zone, from which 2.97 million short tons of ore were mined at a recovered grade of 0.22 ounces per ton gold (7.54 g/t Au). Drilling has intersected mineralization in multiple sub-zones within the EP target over a strike length of 600 metres.
Previous highlights include 7.60 g/t Au across 20.5 m in hole EP044, 2.37 g/t Au across 62.7 m in hole EP026, and 4.17 g/t Au across 29.0 m in hole EP053. New results, that include 6.66 g/t Au across 14.0 m in hole EP074, 5.21 g/t Au across 37.0 m in hole EP079, and 19.03 g/t Au across 11.3 m in hole EP080 continue to define and expand mineralization within the EP target area." More
Subscribe to:
Posts (Atom)
