Connect with us

Articles

Emission Control: World’s biggest met coal export terminal wants to get into green hydrogen

As the Woodside-BHP deal and the tepid market reaction that followed has shown, investing in energy in 2021 means treading … Read More
The post Emission…

Share this article:

Published

on

This article was originally published by Stockhead

As the Woodside-BHP deal and the tepid market reaction that followed has shown, investing in energy in 2021 means treading in uncertain waters.

For companies that extract or are heavily leveraged to oil, gas and coal, that might mean hedging on some technologies that may be more valuable in the future as net zero targets grow more ambitious.

Dalrymple Bay Infrastructure (ASX:DBI) seems to be doing just that by commencing a study on producing and exporting green hydrogen from the Dalrymple Bay Coal Terminal in Queensland, the world’s largest coking coal export terminal.

Located at the Port of Hay Point, 38km south of Mackay, DBCT currently waves off met and thermal coal from mines in the Bowen Basin.

DBI, which holds a 50-year lease and 49-year option over the terminal’s operations, is partnering with North Queensland Bulk Ports, Brookfield and Japanese trading giant ITOCHU to assess the feasibility of a green hydrogen plant and export facility.

If feasible it would be a gamble by DBI on the future of steelmaking, in which coking coal is a key reducing agent. Hydrogen is being assessed currently for its potential as an input in so-called ‘green steel’.

““The Dalrymple Bay Terminal at Hay Point is an established export port, known globally for its key role in supporting the global steel supply chain,” DBI CEO Anthony Timbrell said.

“The terminal is ideally placed to develop a green hydrogen facility due to its deep water port, the established Mackay industrial zone, the availability of land and water and position within one of Queensland’s Renewable Energy Zones.”

He added that DBI remains committed to maintaining and expanding infrastructure for its existing coal clients.

“The possible addition of new hydrogen-based products to complement our current export position would see DBT play an even bigger role in the export of key resources to satisfy the world’s demand for steel and low carbon energy sources, such as hydrogen.”

The news came on Wednesday, the same day FMG founder and chairman Andrew Forrest delivered a major keynote speech for a Clean Energy Council event in which he called for a national target for net zero emissions by 2050.

Forrest said the iron ore giant still sees iron ore and steel as essential ingredients for renewable energy infrastructure.

FMG’s new Fortescue Future Industries arm is planning to develop a 50Mtpa green hydrogen business, Forrest said in a manifesto where he criticised the oil and gas industry for sponsoring the concept of ‘clean hydrogen’ not backed by renewable energy.

“That is why the fossil fuel sector has quickly flipped to using a colour code and the new term `clean hydrogen’, this has as much accuracy as ‘clean coal’ or ‘healthy smoking’ — and don’t get me started on the smokescreen of sequestration,” he said.

 

Dalrymble Bay Infrastructure share price today:


 

 

Every tonne counts in climate change fight

The IPCC report came out last week. You’ve probably heard a little bit about it.

It is extremely long and extremely depressing, having been described by UN Secretary General Antonio Guterres as a “Code Red for humanity”.

Perhaps the key graph was this one, which illuminates the high certainty IPCC scientists have about the cumulative impact of greenhouse gas emissions.

The latest science says as each tonne of CO2 enters the atmosphere average temperatures will rise as well. Pic: IPCC Sixth Assessment Report

According to the report we’ve launched in the order of 2390Mt of CO2 into the atmosphere since 1850.

That gives us around 900Mt left to expel to keep global warming to 2C or less to a certainty of around 83%.

It’s a finding that largely renders Scott Morrison’s suggestion that curbing emissions in Australia would do nothing to stop them in China, India, South Africa or any other developing economy largely moot. In the IPCC model, emissions add up, they don’t average out.

Morrison is hardly the most tin-eared member of his government. He seems to be inching towards a net-zero target ahead of the COP26 climate dialogue in Glasgow in November, even if he does have to bring his own Deputy PM Barnaby Joyce kicking and screaming to the negotiating table.

 

Hazer Group recovers lost gains

Hazer Group (ASX:HZR) fell a couple of months ago on news the test plant for its hydrogen and synthetic graphite project in WA would face coast blowouts.

It has since recovered those losses, with the company aiming to bring its demonstration plant to practical completion by the end of 2021 at a cost of around $20-22 million.

The project, located at Woodman Point in WA, would use biogas and electrical heating to generate 100 tonnes of hydrogen and 380tpa of synthetic graphite with a true graphitic content of 90-95%.

Spun out of research started 15 years ago at the University of WA, Hazer established itself as an early mover in the synthetic graphite and hydrogen spaces when it listed on the ASX in 2015, and has support from the Australian Renewable Energy Agency.

 

Hazer Group share price today:


 

The post Emission Control: World’s biggest met coal export terminal wants to get into green hydrogen appeared first on Stockhead.

Precious Metals

September Gold Forecast Update: “Only” 68 Analysts Now Forecast Gold Going To $3,000 Or More (+19K Views)

Many analysts are projecting that gold will be going at least as high as $3,000/ozt over the next few years. One analyst even claims that gold will spike…

Share this article:

Automatically receive the internet’s most informative articles bi-weekly via our free bi-weekly Market Intelligence Report newsletter (sample here). Register in the top right hand corner of this page.

More and more analysts are projecting that gold will be going at least as high as $3,000/ozt over the next few years. One even claims that gold will spike up to $87,500/ozt.! Below is a revised list of their names and stated rationale for each of their forecasts.

By Lorimer Wilson, editor of munKNEE.com – Your Key To Making Money!

$50,000+ Gold

1. Jim Sinclair: $50,000 in 2025 and to $87,500 by 2032

  • In a recent YouTube video Sinclair said that, with so many U.S. Dollars being printed to uphold the economy as a result of COVID-19, that Gold will rise to $50,000/ozt. (i.e. go “straight up” in Sinclair’s words) at the end of the 45-year gold cycle which is coming up in 2025 and rise up to $87,500/ozt. by the end of 2032. Source

$25,000 Gold

1. Erik Lytikainen: $25,000 by 2030

  • “We will not be surprised to see $25,000 per troy ounce of gold by the year 2030.  It will likely be a volatile ride higher, with large drawdowns along the way.” Source

2. Martin Armstrong: $25,000

  • “Gold should theoretically sell for $25,000 a troy ounce, given the monetary prolificacy since 1980”…in reference to the ever soaring $3.3 Trillion U.S. budget this year, alone. Source

$20,000 Gold

1. Goldrunner: $20,000 between mid-2028 and end of 2029

  • “As a result of the recent massive paper money printing, our chart work suggests that gold could possibly spike up to as high as $20,000 per troy ounce – or even a bit higher – some time between mid-2028 and the end of 2029.” Source

2. Pierre Lassonde: $20,000 in 2 – 5 years

  • “Gold prices should skyrocket to much higher levels, even $20,000/ozt. in two to five years’ time, as gold reaches a price level close to the level of the Dow Jones Industrial Index.” Source

3. Egon Von Greyerz: $20,000

  • “I believe a gold price of $20,000/ozt. is very probable, even without high inflation.” Source

4. Leigh Goehring: $10,000-$15,000 by 2027-28

  • “Our target is between $10,000-$15,000 per troy ounce.,,[by] 2027-28.” Source

5.  Briton Hill: $5,000-$20,000 in next 5 to 10 years

  • “You can’t produce trillions of dollars with 0% interest rates and not introduce inflation. Long-term, we could be entering a cycle similar to the 1970s, where the precious metal sector rose by thousands of percentage points, and if we see something like that happen again in the next 5-10 years, we could easily see $5,000, $10,000, even $20,000 gold,” he said. “Gold could easily hit $20,000 per troy ounce in the next decade.” Source

$10,000 Gold

1. James Rickards: $10,000

  • “$10,000 per troy ounce is not pie in the sky. It’s not a number I pulled out of a hat to get headlines. It’s the actual mathematical implied non-deflationary price of gold.” Source

2. Daniel Oliver: $10,000

  • “The money to push gold over $10,000 per troy ounce has already been printed and now they are going to print more…No doubt strong fiscal and monetary intervention may extend its life for a time, but then the ultimate price objective for gold will then be markedly higher.” Source

3. Max Keiser: $10,000

  • To deal with the disaster of “trash fiat money” choking the global economy, a new gold standard will need to be introduced “and to make it work, we will see gold’s price top $10,000 per troy ounce.” Source

4. Adam O’Dell: $10,000

  • “The price is guaranteed to hit near $10,000/ozt..” Source

5. AG Thorson: $7,000 – $10,000

  •  “By the end of this decade, we expect gold to reach $7,500 – $10,000 per troy ounce.” Source

6. Peter Schiff: $5,000 to $10,000

  • Schiff projects a price of between $5,000 and $10,000 per troy ounce, and says the Dow Jones Industrial Average, which is now valued at about 12 times the price of gold, will trade at just 7.5 times instead. Eventually, he sees gold and the Dow trading at even money. Source

7. Don Durrett: $3,000 to $10,000

  • “My price target for gold is somewhere between $3,000 and $10,000 per troy ounce.” Source

8. David Smith: $10,000

  • “Gold could reach US$10,000 per troy ounce by the end of the bull market.” Source

9. Bob Kirtley: $10,000

  • “My target has been $10,000/ozt. since June 2006, so at that point, an exit strategy will be executed, hopefully with some handsome profits.” Source:

10. Scott Minerd: $5,000 to $10,000

  • “As chaotic price swings of the crypto world push investors back into gold and silver, the precious metals will start to build momentum, with the ultimate gold price target set at $5,000-$10,000 per troy ounce.” Source

$7,000 -$9,000 Gold

1. Florian Grummes$8,000 to $9,000 in 5 to 10 years

  • “We could end up having gold at $8,000 to $9,000 per troy ounce in five to 10 years.” Source

2. Ronald-Peter Stoeferle and Mark Valek: $4,800 to $8,900 by 2030

  • “The proprietary valuation model shows a gold price of $4,800/ozt. at the end of this decade, even with conservative calibration. Should money supply growth develop in a similar inflationary manner to that of the 1970s, a gold price of $8,900/ozt. is conceivable by 2030.” Source

3. Graham Summers: $8,000

  • “Gold first rallied about 630% from 2003-2011. It then corrected about 43% before bottoming in 2015 at $1,060/ozt.. If it follows a similar second leg up this time around, it’s going to ~$8,000 per troy ounce before it peaks.” Source

4. Hubert Moolman: $7,758

  • “In my opinion, it is virtually guaranteed that gold will again catch up with the Dow’s performance since 1913, and significantly surpass it just like in the 70s. This means we will likely see gold reach $7,758/ozt. (in the near future) and eventually go on to reach multiples of that high.” Source

5. Gov Capital: $5,837 by 2023; $7,220 by 2024; $8,531 by 2025

  • “5 year gold forecast: $8530.74/ozt.” Source

6. Jason Hamlin: $4,000 to $8,000 by 2025

  • “We fully expect to see the gold price close out the year 2025 somewhere between $4,000 and $8,000 per troy ounce.” Source

7. Jeff Clark: $3,000 to $8,000 in 5 years

  • “Potential 5-year high: $3,000 to $8,000 per troy ounce.” Source

8. Charlie Morris: $7,166

  • “A bullish target of $7,166/ozt. is both logical and plausible.” Source

9. Tom Fitzpatrick: $4,000 to $8,000

  • “We see no reason why this bull market cannot be as strong as the prior two averaging a multiple of eight times over an average of 7 years. Translating that to the $1,046/ozt. low in 2015 would come up with a number north of $8,000/ozt. possibly in as little as the next 2-3 years. Even if that sounds aggressive, a move similar to what we saw in 2009-2011 would suggest close to $4,000/ozt..”

10. Mike McGlone: $7,000 by 2025

“From 2001-2011, gold advanced about 7.5 times, which if repeated would bring it to around $7,000/ozt. in 2025.” Source

$4,000 – $5,000 Gold

1. Rob McEwen: $5,000

  • The founder of Goldcorp Inc., McEwen predicts that gold will soar to $5,000 a troy ounce, bolstered by a weaker dollar and waning demand for trendy assets like pot stocks. Source

2. Victor Dergunov: $5,000 in 3-5 years

  • “Gold at $5,000/ozt. in 3-5 years seems plausible, and it is likely to continue to go higher after that.” Source

3. Dan Popescu: $5,000 in 5 years

  •  “Gold price could break above $5,000/ozt. in the next 5 years.” Source

4. David Morgan: $5,000 before the end of the decade

  •  “Gold could hit $5,000 a troy ounce this decade, especially as the greenback loses purchasing power.” Source

5. Moe Zulfiqar: $5,000 by 2030

  • ” It wouldn’t be shocking to see gold at $5,000 per troy ounce, or more, by 2030. ” Source

6. Brian Whitfield: $5,000 by 2030

  • “I feel I am safe, and being conservative, in saying that gold should be trading between $3000 – $5000 per troy ounce in ten years. Should the U.S. dollar fail and/or the U.S. dollar loses the coveted global reserve currency status and/or even the loss of the petrodollar, gold could hit these level far sooner.” Source

7. Chris Wood: $5,386

  • “The gold price of US$850/ozt. at the peak of the last secular bull market in gold in January 1980 was then equivalent to 9.9% of US disposable income per capita. The gold price is now just 3.6% of US disposable income per capita. Therefore, to reach 9.9% of US disposable income per capita means gold should rise to US$5,386/ozt.. Source

8. Ole Hansen: $4,000

  • “$4,000/ozt. probably is a little bit far-fetched as the world looks right now, but if you look years into the future, then that is possible because the repercussions of what we’re going through right now with the pandemic and the aftermath is going to be something that’s going to be felt for at least this generation and potentially beyond.”  Source

9. Geraldo Del Real: $3,000 to $5,000

  • “I actually think $3,000 to $5,000 per troy ounce is very reasonable.” Source

10. Thomas Kaplan: $3,000 to $5,000 by 2030

  • “Gold prices could rally as high as $3,000 to $5,000 per troy ounce within a decade.” Source

11. David Rosenberg: $3,000 to $5,000

  • “A $3,000 to $5,000 per troy ounce target.is fundamentally justified based on the facts we have today.” Source

12. Gary Christenson: $3,000 to $5,000 by 2022

  • “A reasonable “status quo” valuation for gold in 2021 is around $3,000/ozt..  Prices will fall below and occasionally spike much higher than the valuation so a gold price of $5,000/ozt. in 2020 – 2022 is plausible.” Source

13. Shaun Djie: $3,000 to $4,000 within 10 years

  • “In the next 10 years, gold will continue to be volatile. Gold could trade anywhere between the levels of $3,000 or $4,000 per troy ounce in the next ten years given how much cash will be potentially put into the economy.” Source

14. Frank Holmes$4,000 in 3 years

  • “The yellow metal is set to rally in the same fashion as in the aftermath of the last recession and, if cycles are exactly the same, gold could go to $4,000/ozt.”. Source

15. Diego Parrilla: $3,000 to $5,000 in the next 3 to 5 years

  • Unprecedented monetary stimulus is fueling asset bubbles and corporate debt addiction — rendering interest-rate hikes impossible without an economic crash. In the ensuing market mania gold could rise to $3,000 to $5,000 per troy ounce in the next three to five years. Source

16. Massimiliano Bondurri: $3,000 to $5,000 in 3 to 5 years

  • Massimiliano Bondurri, a capital founder and a CEО of SGMC, believes an ounce of gold will rise in price to $3,000 -$5,000 per troy ounce in the next 3-5 years. Source

17. Eric Fry: $3,000 to $4,000

  • ‘When this ballgame ends, gold with be trading for at least $3,000 a troy ounce, and an extra-inning affair would not surprise me — lifting the gold price past $4,000/ozt..” Source

18. Michael Cuggino: $4,000

  • Cuggino, CEO of the Permanent Portfolio Family of Funds, a $1.9 billion mutual fund that is conservatively run and rated four stars by Morningstar, says it would “not be an unreasonable move” for gold to breach $4,000/ozt.. Source

19. Kirk Spano: $3,000 by mid-decade; $5,000 possible

  • “$3,000/ozt. mid-decade [with] upside potential to $5,000 per troy ounce.” Source

$3,000 – $3,500 Gold

1. Chris Vermuellen$3,500

  •  “Expect to see an ultimate peak price in gold well above $3,500/ozt..” Source

2. Victor Dergunov: $3,500 by end of 2022

  • “When we consider that the monetary base is likely to surge to around $8 trillion by year-end, we can conclude that this will give us around a 10,000% increase from the roughly $80 billion in monetary base the U.S. had in the early 1970s. Likewise, we can apply a similar percentage to the $35/ozt. gold price around the same period. A 10,000% increase from the $35 gold price would put gold prices at around $3,500 per troy ounce, roughly 100% higher than where the price of gold is today, [and] I think it is quite likely that we will see gold prices appreciate to $3,500/ozt. by the end of 2022.” Source

3. Charles Gibson$3,281

  • “Since 1967, the price of gold has shown an extremely strong (0.909) correlation with the total U.S. monetary base. The more dollars that either are, or could be, in circulation, the higher the expected gold price. With the total US monetary base now closing in on US$5.5tn the gold price could very reasonably be expected to rise to as high as US$3,281/ozt.” Source

4. Bank of America: $3,000 by end of 2021

  • BoA raised its 18-month price target for gold to $3,000 a troy ounce citing the prospects of endless monetary expansion from central banks, including the Federal Reserve, to limit the economic damage from the COVID-19 pandemic. Source

5. WingCapital Investments: $3,000

  • “Using the post-2008 bull market as a guideline during which gold more than doubled within the ensuing 3 years, $3,000/ozt. would be a reasonable long-term target in our opinion.” Source

6. Barry Dawes: $3,000 within 2 to 3 years

  • “I expect to see $3,000/ozt. in gold over the next 30 months.” Source

7. Brian Lundin: $3,000 by 2024

  •  “I think we’ll set a new record in real terms, exceeding $3,000/ozt., at some point over the next four years or so.” Source

8. Byron King: $3,000

  • “I think Bank of America is on track. I don’t think there’s any question gold will see $3,000/ozt.. As with all things in life, it’s just a question of how long it will take.” Source 

9/10. Ben Morris and Drew McConnell: $3,000

  • “$3,000 per troy ounce isn’t a long shot.” Source

11. Alex Mashinsky: $3,000 by end of 2021

  • Mashinsky sees gold climbing to $3,000/ozt. by the end of next year but admits that even more gains are possible depending on how bad the currency debasement gets. Source

12. Robert Kiyosaki: $3,000 within 1 year

  • “I predict $3,000/ozt. gold in 1 year.” Source

13. Stewart Thomson: $3,000

  •  “Queen Gold is assured of launching above the key $2,000/ozt. price zone, ready to begin a rocket blast towards my medium-term $3,000/ozt. target!” Source

14. Mark O’Byrne: $3,000 in next 12 months

  • “Gold is quite likely to climb to $3,000/ozt. in the next 12 months.” Source

15. John Ing: Higher than $3,000

  • “We expect gold to trade higher than $3,000 a troy ounce due to a lower greenback and solvency concerns.” Source

16. Joe Foster: $3,200 to $3,400

  • “We…believe this to be a deflationary cycle and both recent deflationary gold bull markets suggest that a price over $3,000 per troy ounce is reasonable. In fact, if one believes, as we do, that the current central bank stimulus to fight the impacts of the COVID-19 virus, along with elevated levels of systemic risks, are similar to those during the global financial crisis, then $3,400/ozt. may be the target for this bull market.” Source

17. SomaBull: $3,000

  • “The money supply is quickly heading to levels that would support a $3,000/ozt. gold price well in excess of fair value by the time this bull market is exhausted.” Source

18/19. Yvo Timmermans and Paul Van den Noord: $1,900 to $3,000 over next 18 months

  • “We anticipate gold will fall within a bandwidth of $1,900 and $3,000 per troy ounce over the next 18 months.” Source

20. Jordan Roy-Byrne: +$3,000

“Gold is currently building the handle portion of a cup and handle pattern, which we anticipate could break to the upside sometime in 2022 or early 2023. The measured upside target is $3,000/ozt., but these charts argue the run could go farther.” Source

21. Adam Trexler: $3,000

“With inflation coming, we’ll see gold over $2,500/ozt. in real dollar terms but we’ll see a devaluing of the dollar…[and] if you see 10% inflation, the dollar number value of gold could be much higher. I don’t think $3,000/ozt. gold is impossible and, if we see a hyperinflation scenario, it could be significantly higher.” Source

What do you think of the above price forecasts? Have your say in the “Comments” section below. Also, if I have missed other analyst forecasts (they must be within the last year) please mentioned them below and I will include them in a future article.

About Lorimer Wilson

Lorimer Wilson with Gold BarLorimer Wilson is an economic & financial commentator who has written numerous articles on economics, finance, precious metals, and the cannabis stock sector. He is the Managing Editor of munKNEE.com, a site that provides a selection of the internet’s best finance articles in an edited, reformatted and abridged format to ensure a fast and easy read.

 munKNEE.com has joined eResearch.com to provide you with individual company research articles and specific stock recommendations in addition to munKNEE’s more general informative articles on the economy, the markets, and gold, silver and cannabis investing.
Check out eResearch. If you like what you see then…

The post September Gold Forecast Update: “Only” 68 Analysts Now Forecast Gold Going To $3,000 Or More (+19K Views) appeared first on munKNEE.com.

Continue Reading

Precious Metals

Beauce Gold Fields Drill Program Intersects a 1 Km Mineralized Corridor Parallel to the Placer Gold Channel

Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: ¨BGF¨), (“BGF”), is pleased to announce…

Share this article:

Beauce Gold Fields (Champs D’Or en Beauce) (TSX Venture: ¨BGF¨), (“BGF”), is pleased to announce that it has completed the first drill program to test numerous high-priority targets on the Company’s Beauce Gold property located in Saint-Simon-les-Mines, Quebec.   All 38 diamond drill holes totalled 4,585 meters. All holes have intersected significant widths and over 1,000 meters in length of favourable mineralized structures along multiple strike zones trending parallel to the historical placer gold channel.

Patrick Levasseur, President and CEO of Beauce Gold Fields said, “Another first for this historical placer gold property.  We are very excited that our diamond drill program has identified a 1 KM long mineralized corridor, that is part of a gold bearing system in the bedrock first identified by our surface work.” Mr. Levasseur added: “We look forward to receiving assay results and to continue building our understanding of these newly discovered mineralized structures.   Results thus far increase our confidence that this could lead us to a lode gold discovery and to the possible source of the historical placer gold deposit”

Figure 1: Drill Hole Map of St-Gustave and Poulin Areas

SAINT-GUSTAVE AREA:

This sector was quickly identified as a priority target, based on previous geophysics, mapping, and trenching work. Notably, the 2020 work by Marc Richer Lafleche PhD Geo., of INRS who identified the presence of visible gold in the trenches TR-2020-01 (Bulk A), TR-2020-02 (Bulk B) and TR-2020-05 (Bulk C). These trenches are spaced more than 200m apart and oriented on an NNE-SSW axis. (BGF press release May 12, 2021)

Nineteen (19) boreholes (SM-21-3-5-6-7-8-9-10-11-12-13-14-15-16-17-18-19-25-28-29) were positioned to intercept mineralized zones at depth. The zones extend at least 350m in length. The 300m-deep SM-21-03 was drilled to intersect a gold bearing zone (Busque Tr-2020-51 and Tr-2020-46) at a vertical depth of around 230m. The drilling also tested the zone of gold anomalies found in the trenches at approximately 45m vertical depth. Several short holes were drilled to obtain HQ dimension cores in areas favourable to visible gold mineralization as demonstrated in hole SM-21-08 (BGF press release August 8 2021).

All these 19 holes were drilled along the main mineralized structure (containing gold, arsenopyrite, pyrite, chalcopyrite, sphalerite) covering an area of 1000m in length and by 350m in width. This structure remains open laterally.  Many holes have been spaced 30m between the trenches. Others were drilled below tunneling found on the property from the St-Gustave placer gold mine operated by Champs-D’Or Rigaud-Vaudreuil company in the 1910s.

Two step out drill holes (SM-21-26, Sm-21-27) intersected a stockwork zone beneath an outcropping northeast of Rang Saint-Gustave near the Gilbert River. Several blue quartz veins have been noted and sampled for gold.

POULIN AREA

The nine holes (SM-21-01,16 ,20, 21, 22, 23, 24, 34 and 35) were drilled under the Tr-10008 trench (BGF press release January 1, 2019) and the extensions of the anomalous gold zone. Drilling indicates that this zone is developing at depth and laterally and that it would be open on each side of the trench. The arsenopyrite, pyrhotite and chalcopyrite mineralization are more significant in certain holes.

Drilling from the St-Gustave and Poulin areas confirms that the mineralization at Saint-Simon-les-Mines is hosted within a ductile deformation zone which developed mainly in the axial planes of anticline folds. The heterogeneity of the rocks and the contrasting lithological competencies allowed the development of fractured zones which favoured the circulation of mineralizing fluids.

RANG 6 AREA:

Another region that has been investigated is located approximately 700m northeast of Rang Saint-Gustave. A series of four boreholes (SM-21-30 to SM-21-34) were oriented along an NNE-SSW axis which is approximately 450 meters long. The purpose of these holes was to test bedrock structures below the strong placer gold values obtained in the past in the gravels of a small tributary of the Gilbert River (Section G-80-A, 3.65g/m3 Au, 1987 GM46544).

HISTORICAL PLACER GOLD CHANNEL:

Six boreholes (SM-21-2, 4, 36, 37 and 38) were drilled to test structures below sections of the historical placer channel that was mined by a dredging operation in the 1960s. The drilling was also oriented to verify some of the highest gold grades recorded by historical overburden drilling (BGF press release January 21, 2021). Some holes have mineralized quartz veins which will be analyzed.  Borehole SM-21-04 was designed to test an induced polarization anomaly.

Drill cores are currently being logged and selected split drill core samples sent to Actlab laboratory for analysis. Further updates will be provided as assay results become available.

The drill program is supervised by Jean Bernard, B,Sc. Geo and is a qualified person as defined by NI 43-101, that has reviewed and approved the technical information presented in this release

SHARES FOR DEBTS

In accordance with the agreement between BGF and Agora Internet Relations Corp., entered into on August 1, 2020 for the term ending July 31, 2021, BGF Board has approved the issuance of 80,714 common shares at a deemed price of $0.14  per share to pay $11,300 for services rendered during the period from May 1, 2021 ending July 31 2021. Each share issued pursuant to the debt settlement will have a mandatory four (4) month and one (1) day holding period from the date of closing. This debts settlement is subject to the TSX Venture Exchange approval.

About Beauce Gold Fields

Beauce Gold Fields is a gold exploration company focused on placer to hard rock exploration in the Beauce region of Southern Quebec.  The Company’s flagship property is the St-Simon-les-Mines Gold project site of Canada’s first gold rush that pre-dates the Yukon Klondike.  The Beauce region hosted some of the largest historical placer gold mines in Eastern North America that were active from 1860s to the 1960s It produced some of the largest gold nuggets in Canadian mining history (50oz to 71oz). The intent of Beauce Gold Fields is to trace the placer gold workings back to the bedrock source and uncover economic bedrock gold mineralization.

Comprising 152 contiguous claims and 7 real estate lots, the project area contains a six-kilometer long placer gold channel consisting of unconsolidated gold-bearing auriferous units of a lower saprolite and an upper brown diamictite.

The Company has identified a major Fault Line in bedrock that coincides with geophysical findings of an interpreted fault structure  across the property, referred to herein as the AMT Shear. Evidence suggests the erosion of the AMT Fault or related splay fractures as a probable source of the historical placer gold channel, and has conducted bedrock sampling and geophysics outside the expression of the placer gold channel. This is the target of the current drill program.

Beauce Gold Fields website www.beaucegold.com

For further information contact

Patrick Levasseur, President and CEO Tel: (514) 262-9239
Bernard J. Tourillon, Chairman and COO Tel (514) 907-1011
www.beaucegold.com

 

Disclaimers:

This press release contains certain forward-looking statements, including, without limitation, statements containing the words “may”, “plan”, “will”, “estimate”, “continue”, “anticipate”, “intend”, “expect”, “in the process” and other similar expressions which constitute “forward-looking information” within the meaning of applicable securities laws. Forward-looking statements reflect the Company’s current expectation and assumptions, and are subject to a number of risks and uncertainties that could cause actual results to differ materially from those anticipated. These forward-looking statements involve risks and uncertainties including, but not limited to, our expectations regarding mineral exploration. Such statements reflect the current views of the Company with respect to future events and are subject to certain risks and uncertainties and other risks detailed from time-to-time in the Company’s on-going filings with the securities regulatory authorities, which filings can be found at www.sedar.com. Actual results, events, and performance may differ materially. Readers are cautioned not to place undue reliance on these forward-looking statements. The Company undertakes no obligation to publicly update or revise any forward-looking statements either as a result of new information, future events or otherwise, except as required by applicable securities laws.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Continue Reading

Articles

Eric Fry: Following This Week’s Market Wobble, Park Your Cash in The “Second Electric Revolution”

Last week, we learned that Chinese real estate giant/corporate conglomerate Evergrande (OTCMKTS:EGRNY) is severely lacking in liquidity and couldn’t…

Share this article:

Last week, we learned that Chinese real estate giant/corporate conglomerate Evergrande (OTCMKTS:EGRNY) is severely lacking in liquidity and couldn’t make payments on its debts.

You don’t need me to tell you that the markets have been quick to react.

The U.S. markets began this week in the red… and are still down more than 2% from their recent peaks.

Could this be the #1 play in new $56 trillion industry?

However, I’ve been preparing you for just such a situation by focusing in on the “megatrends” that will lead us to the best and boldest profit opportunities for the rest of this year and next.

 

These are the kinds of trends and stocks that should, as I say below, “carry us out of this low”… and thrive over the months and years to come.

Namely…

  • The Second Electric Revolution space, which has gone from a fun “competition” to a foregone conclusion in recent years. Long-duration Vanadium batteries as a partial replacement for “not so green” lithium-ion batteries is one of my favorite stories within this megatrend.
  • The long beaten-down travel sector, which is experiencing a “darkness before the dawn.” And with the Covid-19 ban against European travelers being lifted in the U.S. earlier this week, the dawn may come sooner rather than later.
  • Lastly, cybersecurity is a major profit opportunity. And with 5G inching ever closer to global deployment, it’s only going to become bigger.

On Tuesday, Sept. 14, I sat down with InvestorPlace CEO Brian Hunt for a special members-only videocast for members of my elite trading service. We talked about each of these trends more in depth — including how they’ve played out for readers of The Speculator.

Because that conversation went so well — and because what we talked about directly connects to this week’s market moves, I’ve decided to share some of it here.

Check out a snippet of our conversation below…

Big Challenges, Big Opportunities

Brian Hunt: So, Eric, over the last 12 months or so, you’ve scored several handfuls of giant gains — 200%, 800%, 1,000% even — and no surprise to me, these gains have largely occurred in some of the megatrends you’ve been writing about over the past several years. So, I was wondering if we could start off talking about the status of these megatrends, how they played out in the last year, and where you see them going over the next few years.

Eric Fry: Sure, well, let’s extend the calendar a bit to the last 18 months. From the lows of the post-Covid-selloff, looking back at that period of time, in hindsight, it was a great time to invest in the stock market — in almost anything. The market tanked, and you had the opportunity to buy a lot of great stocks, but it was obviously a scary time to invest. You had to focus on what’s going to carry out of this low — no matter what. So, we’ve been focusing on trends like what I call the “Second Electric Revolution,” which is the whole transformation of global transportation and power generation network from oil-centric to electric. Electric vehicles, energy storage, and that entire supply chain that goes into those things.

 

That’s been a big focus for The Speculator, and a number of our big winners have been in that area, in some part of that supply chain. A lot of them have been in the battery metals area, things like the Freeport-McMoRan trade, which delivered over 1,000% gains. And then [our emerging copper play] has been a big winner, and more recently [my nickel-manganese trade] been a big winner… And I think we’re still early in that trade. So, that’s why I closed out the Freeport-McMoRan position that we established at the lows of March 2020, and then reestablished a new trade. Because I think we’ve had a correction in the copper market, and now we’re going to see that market take off again, and we’re going to see battery metals take off again. So that’s a great place to be, I think.

BH: You know, something you frequently point out that really makes the case — we’re really early on in this game, the “Second Electric Revolution.” So much of it is related to what’s going on in transportation, the switch from combustion engines to battery-powered vehicles is the, correct me if I’m wrong, the percentage of vehicles sold in the United States that are electric is still under 5%, right?

EF: That’s correct, yes.

BH: So as big as we think this thing is now, it’s still a relatively small part of the transportation industry.

EF: It’s a tiny market still, but it’s growing. The thing about this revolution is that, like many revolutions, people initially focus on the things that they can see. You know, like a Tesla. That’s the most obvious change. But I don’t even think two years ago that you or I would’ve guessed how electric bicycles would take off, or scooters would take off. So, they’re all over the place now. Every kid’s got an electric bicycle — and that’s not just in the United States. It’s a global phenomenon.

So that’s also incremental demand for things like copper, nickel, and lithium. It isn’t just electric vehicles; when you layer in technologies like energy storage, about which I am extremely bullish, and which I believe is going to surprise almost all experts on the upside because of its adoption, you now have one more layer of demand. So anywhere a company sits there in the supply chain, they should do pretty well.

 

Call Dibs on the Second Electric Revolution — Before Everyone Else Does

As I repeatedly said during Brian’s and my videocast – and as I repeatedly say here — all investors should keep their eyes on something “the Second Electric Revolution.”

This revolution is powering ahead… and it is creating spectacular opportunities everywhere it goes. But finding the best ways to invest in this revolution is no easy task.

Many leading companies in the electric vehicle (EV) and energy storage sector are losing money. The Chinese EV company Nio (NYSE:NIO) is one high-profile example, but it’s hardly alone.

According to calculations from FT Alphaville, a representative selection of 23 EV manufacturers, nine battery/cell producers and nine charging station businesses recently reached a staggering combined market value of $1.6 trillion.

Legendary analyst who called 2000s tech wreck: Do This!

Incredibly, only six of these 41 EV companies managed to generate a gross profit over the last 12 months. The other 35 were losers.

Therefore, rather than invest in money losers in the EV sector, I have recommended companies that provide essential ingredients to the EV and energy storage industries.

I’m talking about “battery metals.”

To capitalize on these prospective booms, I’ve recommended many battery metals plays, including Freeport-McMoRan (NYSE:FCX) here — up nearly 205% since I made it my entry in the InvestorPlace 10 Best Stocks for 2020 contest.

And I just added a new name to that list (learn how you can get details on this pick here).

So, stay tuned. As more megatrends emerge, you’ll be the first to know.

Regards,

Eric Fry

P.S. I took first place in Wall Street’s biggest investment competition, topping 650 investors. What $56 trillion opportunity is on my radar now? Click here to learn more.

NOTE: On the date of publication, Eric Fry did not own either directly or indirectly any positions in the securities mentioned in this article.

Eric Fry is an award-winning stock picker with numerous “10-bagger” calls — in good markets AND bad. How? By finding potent global megatrends… before they take off. In fact, Eric has recommended 41 different 1,000%+ stock market winners in his career. Plus, he beat 650 of the world’s most famous investors (including Bill Ackman and David Einhorn) in a contest. And today he’s revealing his next potential 1,000% winner for free, right here.

More From InvestorPlace

The post Following This Week’s Market Wobble, Park Your Cash in These Megatrends appeared first on InvestorPlace.

Continue Reading

Trending