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Precious Metals

Falcon Gold Stakes Claims Near Lithium Discovery, Shares Rise 10% Today

Falcon Gold Corp. [FG-TSXV, 3FA, GR] said Friday it has doubled the size of its…



This article was originally published by Resource World

Falcon Gold Corp. [FG-TSXV, 3FA, GR] said Friday it has doubled the size of its Hope Brook project in Newfoundland, picking up ground near the maritime province’s first reported discovery of significant lithium mineralization.

The company said it has now staked a total of 1,660 claims, covering 41,500 hectares, which are strategically located and contiguous to First Mining Gold Corp. [FF-TSX, FFMGF-OTCQX, FMG-Frankfurt, Sokoman-Benton and Marvel Discovery Corp. [MARV-TSXV, MARVF-OTCQB, 04T1-Frankfurt].

After forming a gold exploration alliance, Sokoman and Benton recently made headlines by announcing a lithium pegmatite discovery at Hope Brook, less than 400 metres from Falcon’s newly expanded property boundary.

Sokoman and Benton said the area containing lithium-bearing pegmatite dykes, now known as The Kraken Pegmatite Swarm, measures approximately 2.2 kilometres long by 0.85 kilometres wide. They said assays from rock samples have shown that the dyke system contains economic grades of lithium (including 1.04% Li20), is widespread and open along strike.

“The highly prospective ground held by Falcon shows various lithium clusters that may extend on the company’s ground,” Falcon said in a press release.  Falcon is currently evaluating the data from government reports, which include high-resolution radiometric and magnetic surveys.

Falcon shares advanced on the news, rising 10% to 11 cents on volume of 256,000. The shares are currently trading in a 52-week range of 16 cents and $0.075.

Falcon Gold is an Americas focused exploration company. In Ontario, its portfolio of projects includes the flagship Central Canada gold project, which is located 21.5 kilometres east of Atikokan, and about 160 kilometres west of Thunder Bay and 20 kilometres southeast of Agnico Eagle Mines Ltd.’s (AEM-TSX, AEM-NYSE) Hammond Reef gold deposit.

The company holds six additional gold projects: the Camping Lake gold property and Springpole west property near Red Lake, Ont.; a 49% stake in the Burton gold property with Iamgold Corp [IMG-TSX, IAG-NYSE] near Sudbury, Ont.; in British Columbia, the Spitfire-Sunny Boy and Gaspard gold claims; and most recently the Hope Brook.

Falcon CEO Karim Rayani said the Sokoman-Benton discovery speaks to the multi-commodity nature of the large land package which his company has acquired. “Falcon’s land is situated in a very active structural corridor, giving us a tremendous opportunity for finding the next potential discovery in this camp,” he said.

Within this immediate area, the most significant deposit is the Hope Brook gold mine, which was in production from 1987 to 1997, producing 752,163 ounces of gold. The Hope Brook, now owned by First Mining, has since been optioned to Big Ridge Exploration, which has outlined an additional 6.33 million tonnes at an average grade of 4.68 g/t gold or 954,000 ounces in the indicated and inferred categories.


Author: Staff Writer

Precious Metals

Nomad Royalty Purchases Gold Stream On Platreef Project For US$75 Million

Nomad Royalty Company (TSX: NSR) announced today that it has entered into a gold purchase agreement with Ivanhoe Mines (TSX:
The post Nomad Royalty Purchases…

Nomad Royalty Company (TSX: NSR) announced today that it has entered into a gold purchase agreement with Ivanhoe Mines (TSX: IVN) subsidiary Ivanplats, the owner of the platinum-group-metals Platreef project in Limpopo, South Africa. The transaction has a price tag of US$75.0 million. 

The transaction price is part of the US$200.0 million gold stream funding co-invested with Orion Mine Finance. The latter also has a separate $100.0 million palladium and platinum stream agreement on the property, making a total stream funding of US$300.0 million.

Per the terms of the agreement, Nomad Royalty and Orion Mine Finance will make the upfront cash payment of US$200.0 million in exchange for 100% of payable gold production until 350,000 ounces have been delivered. From this, 37.5% of the production is attributable to Nomad Royalty.

The first US$50.0 million is expected to be paid at the closing of the transaction while the remaining US$150.0 million is scheduled during H2 2022. Nomad Royalty is expected to pay its share of the funding proportionately.

After hitting the 350,000-ounce production milestone, the payable gold production goes down to 80% until 685,280 ounces have been delivered, with 30% attributable to Nomad Royalty. Afterward, the purchasers are expected to get 5% of the payable gold production.

The gold stream will be based on all recovered gold at the property, subject to 80% fixed gold payability.

The stream purchasers are expected to make ongoing payments of US$100.00 per ounce or the gold price market, whichever is lower, and then 80% of the spot gold price for each ounce after the 685,280-ounce mark.

The US$300.0 million total gold stream funding is expected to finance a large portion of the property’s phase 1 development as it targets its initial production in 2024. Expected throughput at this point would be 0.7 million tonnes per annum, anticipated to ramp up to 5.2 million tonnes per annum by 2030.

In October, the company purchased 5.938% of the gold production of the Greenstone gold project for US$95.0 million.

Nomad Royalty last traded at $9.45 on the TSX.

Information for this briefing was found via Sedar and the companies mentioned. The author has no securities or affiliations related to this organization. Not a recommendation to buy or sell. Always do additional research and consult a professional before purchasing a security. The author holds no licenses.

The post Nomad Royalty Purchases Gold Stream On Platreef Project For US$75 Million appeared first on the deep dive.

Author: ER Velasco

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Precious Metals

Gold Holding Up as Cryptos Get Hammered

As Bitcoin made new all-time highs in recent weeks, an increasing number of investors referred to it as the “new gold.” Sure, Bitcoin and other digital…

As Bitcoin made new all-time highs in recent weeks, an increasing number of investors referred to it as the “new gold.”

Sure, Bitcoin and other digital currencies may have some of the same potential benefits as gold, being alternative stores of value that exist outside the banking system. Cryptos are a far cry from hard money, however, and recent price action may be indicative of why.

This last weekend, Bitcoin prices were hammered. Bitcoin declined from just under $57,000 to a swing low of just over $46,000. That is a $10k drop in a matter of days!

Now that Bitcoin has put together a slight rebound, speculators may be wondering if it is safe to jump back in.

The answer to that question is that crypto markets are inherently speculative.

While they likely still have significant upside potential, they also carry unlimited downside risk since they lack any sort of tangible utility that could provide a fundamental floor for demand.

Hard assets including gold will retain value over time regardless of which direction speculators may push or pull prices in the near term. Although the yellow metal has been beaten down over the past few weeks, its declines were nothing like those seen in Bitcoin.

This begs the question of why Bitcoin might fall so precipitously while gold is able to hold its own.

Gold has been used as money for thousands of years. The yellow metal has been considered a reliable store of wealth and protector of value for centuries. Treasured by kings and servants alike, gold is valued all over the world and speaks a common monetary language to its holders.

This is unlike Bitcoin, which has only been in circulation a few years now and has yet to really prove its reliability under stress.

Despite cryptos’ differences from traditional fiat currencies, they are still effectively unbacked assets.

Owning Bitcoin does not put anything in your hand. While cryptocurrency can be exchanged directly for something tangible at a retailer that chooses to accept it, most crypto holders simply hold (or “hodl”) in hopes of appreciation.

Were people to stop expecting Bitcoin to appreciate, then there may no longer be any compelling case for holding it and possibly little market left for it.

Despite what many Bitcoin enthusiasts may tell you, cryptos may also be seized, controlled, or even co-opted by the government if it should decide to do so. This makes cryptos vulnerable to rising political risk as broke, revenue-hungry governments become increasingly rapacious.

Gold and cryptos are unlikely to share a similar market path as the differences between them become more widely acknowledged and visible. While Bitcoin may offer tremendous short-term profit potential, it can be a roller coaster to ride and can shake the nerves of even the most fearless investors.

Gold, on the other hand, is unlikely to experience the extreme price swings of Bitcoin.

The relative smoothness of gold may make it a more viable portfolio diversifier for those looking to protect their wealth and hedge against rising inflation.

After all, isn’t the whole purpose of holding an inflation and economic hedge to eliminate much of the potential risks inherent in other asset classes? It is for this reason that precious metals are likely at some point in the economic cycle to outperform cryptos.

The extreme volatility exhibited by cryptocurrencies renders them unsuitable for the more conservative investor.


Author: Author

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Precious Metals

Sassy Reports New Discovery of a Large-Scale Gold And Copper Anomaly At Gander North

VANCOUVER, BC / ACCESSWIRE / December 8, 2021 / Sassy Resources Corporation ("Sassy" or the "Company") (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) is pleased to announce…

VANCOUVER, BC / ACCESSWIRE / December 8, 2021 / Sassy Resources Corporation (“Sassy” or the “Company”) (CSE:SASY)(FSE:4E7)(OTCQB:SSYRF) is pleased to announce the discovery of a multi-kilometer-long gold and copper anomaly at the Company’s newly-named “Viking” target at Gander North adjacent to the GRUB Line in the heart of the Gander Gold District. These results, which include very high gold-in-soil assays, suggest the presence of a nearby mineralizing source.


  • Initial C-horizon soil geochemistry results (1,663 samples) greatly build on historic Noranda work with a coincident gold and copper-in-soil anomaly now covering the entire upper section of the Viking target over a northeast-southwest length of 4.25 km and a northwest-southeast dimension (width) of up to 1.5 km (see attached map);
  • Significantly, this anomaly is open for expansion to a very broad area to the southeast where assay results are pending for approximately 1,000 additional soil samples, some of which were collected by GroundTruth Exploration’s deep penetrating GT Probe ;
  • Notably, in this southeast direction nearly 2 km from the initial grid is the historic “Jonathan’s Third Pond” Copper Showing which is described in historic assessment reports as a pervasive zone of silicification and alteration with pyrite-chalcopyrite-bornite mineralization;
  • Sassy prospectors have confirmed and extended the Jonathan’s Third Pond occurrence for another kilometer toward the south-southwest where it remains open for further expansion (assays pending);
  • Highlight C-horizon gold-in-soil results include individual samples which returned values of 1,432 ppb Au ( 1.43 g/t) and 1,154 ppb Au ( 1.15 g/t). These results are considered very high-grade for gold-in-soil in Newfoundland;
  • C-horizon copper-in-soil samples returned values up to 245.5 ppm Cu, also considered very significant for soils in Newfoundland;
  • The Viking target, which formed part of the option agreement with Vulcan Minerals (TSXV: VUL) announced February 12, 2021, covers 20.5 sq. km. This is still only 4% of the entire Gander North Project, underscoring the extent of discovery potential within this very prospective 490 sq. km land package owned 100% by Sassy;
  • Plans are being discussed for RAB (rotary air blast) drilling at the Viking target in preparation for a maiden diamond drilling program.

Mr. Mark Scott, Sassy President and CEO, commented: “These initial results bode very well for our upcoming Gander Gold spinout with February 1, 2022, being the share distribution date of record (refer to October 15, 2021 news release) for Sassy shareholders. Gander North is one of eight Sassy projects going into Gander Gold, collectively covering 2,257 sq. km, and we will have early exploration results to report on each of these projects thanks to an aggressive ongoing campaign funded by the Gander Gold subsidiary. Following the spinout, Sassy will own approximately 35 million shares of Gander Gold in addition to its Foremore Project in the Eskay Camp.”

Mr. Ian Fraser, P.Geo, Sassy VP-Exploration, stated: “Soil grids utilizing 100-meter spaced lines were designed to test the known northeast structural trend associated with the GRUB line and parallel-subparallel lineaments recognized within the Gander Zone. Phase 1 soil results have identified a few spectacular sample results as evidenced by 1,432 ppb Au, trends and anomalous zones occurring within a northeast orientation, but also suggest the historic gold-in-till trend identified by Noranda is significantly larger and remains open. Currently the source of this gold and copper dispersion in tills is unknown. We look forward to identifying the source. Phase 1 soil results from the Viking target are very encouraging and we look forward to reporting additional results from all programs the Company is currently undertaking in Newfoundland.”

Shawn Ryan On Viking Target And Gander North

Sassy technical advisor Shawn Ryan added, “These initial soil sampling results at Sassy’s Viking target at Gander North are comparable to initial soils from the Queensway and Kingsway projects. The results to date are clearly outlining new and very exciting multi-station gold hits that warrant follow-up work to advance them to the drill stage. This is the same strategy I used to help outline the initial anomalous trends at Labrador Gold‘s Kingsway Project. I look forward to seeing more soil work done at Gander North as we have many more promising structures to cover.”

Click on the link below to view:

Video: Shawn Ryan On Viking Target & Gander North

Map – Viking Target Phase 1 Soil Sampling Results (Gold)

Map – Viking Target Phase 1 Soil Sampling Results (Copper)

Quality Assurance / Quality Control

Gander Gold Corporation has contracted the services of GroundTruth Exploration to conduct its soil geochemistry programs in Newfoundland. Soil samples are collected at pre-determined sites, placed in soil sample bags and all metadata associated with a sample is recorded. Once sorted and logged, samples are shipped to Eastern Analytical in Springdale Newfoundland for sample preparation. At Eastern Analytical individual samples are dried and sieved and 15g splits are prepared and then shipped by courier to Bureau Veritas Commodities Canada Ltd. (Bureau Veritas) in Vancouver British Columbia for analyses. Eastern Analytical and Bureau Veritas are ISO / IEC 17025 certified laboratories and independent of Gander Gold Corporation. At Bureau Veritas the 15g splits are partially digested by aqua regia digestion and analysed for gold plus 36 additional elements by ICP-ES/MS (method AQ201). GroundTruth Exploration crews took a field duplicate every 25 th sample and these field duplicates were inserted into the sample stream to monitor the quality of analyses for the soil sampling program.

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Qualified Person

The technical information in this news release has been reviewed and approved by Mr. Ian Fraser, P.Geo., Vice President of Exploration for Sassy Resources. Mr. Fraser is the Qualified Person responsible for the scientific and technical information contained herein under National Instrument 43-101 standards.

About Sassy Resources Corporation

Sassy Resources is an exploration stage resource company currently engaged in the identification, acquisition and exploration of high-grade precious metal and base metal projects in North America. Its focus is the Foremore Project located in the Eskay Camp, Liard Mining Division, in the heart of Northwest B.C.’s prolific Golden Triangle, and the Central Newfoundland Gold Belt where Sassy is one of the district’s largest landowners.

Caution Regarding Forward Looking Statements

Investors are cautioned that, except for statements of historical fact, certain information contained in this document includes “forward looking information”, with respect to a performance expectation for Sassy Resources Corporation. Such forward looking statements are based on current expectations, estimates and projections formulated using assumptions believed to be reasonable and involving a number of risks and uncertainties which could cause actual results to differ materially from those anticipated. Such factors include, without limitation, fluctuations in foreign exchange markets, the price of commodities in both the cash market and futures market, changes in legislation, taxation, controls and regulation of national and local governments and political and economic developments in Canada and other countries where Sassy carries out or may carry out business in the future, the availability of future business opportunities and the ability to successfully integrate acquisitions or operational difficulties related to technical activities of mining and reclamation, the speculative nature of exploration and development of mineral deposits, including risks obtaining necessary licenses and permits, reducing the quantity or grade of reserves, adverse changes in credit ratings, and the challenge of title. The Company does not undertake an obligation to update publicly or revise forward looking statements or information, whether as a result of new information, future events or otherwise, unless so required by applicable securities laws. Some of the results reported are historical and may not have been verified by the Company.

Contact Info:

Mark Scott

Chief Executive Officer & Director

[email protected]

Terry Bramhall

Sassy Resources – Corporate Communications/IR

1.604.833.6999 (mobile)

1.604.675.9985 (office)

[email protected]

In Europe:

Michael Adams

Managing Director – Star Finance GmbH

[email protected]

The CSE has neither approved nor disapproved the contents of this news release. Neither the CSE nor its Regulation Services Provider (as that term is defined in the policies of the CSE) accepts responsibility for the adequacy or accuracy of this release.

SOURCE: Sassy Resources Corporation

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