ATAC hits more high grade gold
ATAC Resources (V.ATC) released the final results from its 2017 exploration program at its 100% owned Osiris Project at the Rackla Gold Property, Yukon today.
Category: update
David Erfle on NOVO
I reached out to my pal David Erfle of JuniorMinerJunky.com for his take on NOVO. David and I were just sitting down to dinner in Dawson City in July when news of the NOVO nuggets flowed into the Yukon Mining Alliance tent. And David is just back from a site visit to the NOVO ground in the Pilbara which he writes up on his site here.Here is his note…I put in some paragraphs.
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Hey Jay,Much larger indeed, but they will probably not be able to drill it successfully. 50/50 JV partner Artemis has just been granted a 20,000 tonne excess tonnage permit for a bulk sample, so hopefully, they will just keep bulk sampling and trenching. The type of gold they are finding is perfect for just sluicing, a la the Discovery Channel reality TV show “Gold Rush”.It would be very unconventional to just begin mining it, but this is a very unconventional deposit and the drilling experiment just proved this. I have been warning my subscribers for quite awhile to take some off the table before drilling news hit the market. Hopefully, they followed my lead and sold some last month.I am not even close to being a geologist by any means, so I need to rely on Geo’s I respect for their opinions so that I can form my own. I have been calling this the “Woody Allen Project”, as the market seems to have a love/hate relationship with it. We have the “Quinton may be on to something” camp vs. the “There is no way they will ever be able to mine this alluvial deposit” camp. There are many highly respected Geo’s in both camps, so I have a hard time seeing the share price trade below C$3.50 any time soon.The market cap is much more reasonable down here and it is nice to see this correction happen sooner, rather than later. Rick Rule taught me long ago that every takeover of +$1 Billion he’s been involved in has endured at least one 50% correction along the way to being taken out and Novo is in the process of having one right now. The company has over C$70M to keep experimenting on how to mine this very unique project and Eric Sprott has continued to buy shares in the open market above C$8.00 per share this month, so he is probably buying more down here. The volume has not been terribly large during this sell-off so far, which tells me it is mostly momentum traders and some short sellers who have been selling the Friday drilling news.I have fortunately taken 1/6 of my position off the table, which nearly doubled my original investment, so I can sit back and watch what promises to be “Mr. Toad’s Wild Ride”. Yippee-Ki-Aye!!!You are more than welcome to post this.Cheers,
Dave
Argentina Lithium at Investor Intel
“Argentina Lithium (V.LIT) is a member of the accomplished Grosso Group, a resource management group that has pioneered exploration in Argentina since 1993. The management group has a long history of success in the resource sector of Argentina, and has assembled a first rate team of experts to acquire and advance the best lithium properties in the world renowned “Lithium Triangle”. The group’s repeated successes and resulting deep connections to the mining industry of Argentina mean they are able to progress with far greater ease than any newcomers.
Be of Good Heart: Moriarty on Novo
Reality bit hard for Novo shareholders in the form of a blunt press release on Friday, November 24 outlining the frustrations of the Purdy’s Reward tenement, a key tenement within the farm-in and joint venture Novo has with ASX-listed Artemis Resources Limited, in Western Australia. The gist of the release is that it is proving difficult to get useful samples from the property. Which, in turn, pushes any sort of resource estimate off into the New Year.
Pot Pricing: Supply Meet Demand
Despite having written a book about the marijuana business, motherlodetv.net has not covered the burgeoning pot stock world. We may in the New Year. However, The Economist has an excellent, short, article about why American marijuana firms are looking to Canadian capital markets for their financing.
Moriarty on Bonterra (V.BTR)
Always interesting to see Bob Moriarty’s take on a stock. 321Gold.com is one of the very few websites which can actually move a junior gold stock. Not every time, but often enough to pay attention. Bob likes Bonterra, a lot.
Hallgarten on Argentine Uranium Demand
Every so often we are lucky enough to receive a bit of intelligence on a particular market or commodity.
Jay Taylor Interviews Bonterra’s Nav Dhaliwal
Bonterra is moving from strength to strength as it drills out its Gladiator project in the Abitibi.
Victoria Gold in Northern Miner
Lesley Stokes at the Northern Miner is the rare combination of a geologist and a journalist. She understands what professional geologists like Victoria Gold’s VP Exploration, Paul Gray is talking about when he describes the Eagle discovery as “geologically boring, but mineralogically consistent,”. It is that consistency which drives VIT’s mine construction and the exploration efforts designed to extend the projected life of mine.