We had the chance to catch up with Bob Archer, Director and Ceo ofto discuss the exploration results from last years campaigns and to get a sense of the plans for both the Nevada and the Northwestern Ontario Properties in 2022. As Bob explains, with the recent departure of Robert Carrington, the company is taking a step back and re-assessing their approach to their exploration in Nevada. He highlights the new target areas and the district scale opportunity that is presenting itself through the success of the various geophysics and prospecting campaigns that were undertaken in 2021. Additionally, Bob lays out the exploration plans for North Birch and Argosy over the winter and gives the viewer some insight into why he is excited about getting this exploration campaign under way.
00:00 – 00:22 – Introduction
00:23 – 5:51 – Pamlico, thoughts now vs then?
5:52 – 8:57 – Whats the focus at Pamlico for 2022?
8:58 – 13:16 – What did you learn from the diamond drilling?
13:17 – 16:43 – Argosy
16:44 – 17:18 – Property Access
17:19 – 22:10 – Exploration plan for North Birch/Argosy in 2022
22:11 – 25:16 – Why is the Birch-Uchi so under explored
25:17 – 27:40 – Are you on trend with First Mining’s Springpole deposit
27:41 – 29:11 – Conclusion
About Newrange Gold Corp
Newrange is focused on district-scale exploration for precious metals in favorable jurisdictions including Nevada and Ontario. The Company’s Pamlico Project in Nevada contains a large-scale multi-phase polymetallic mineralizing system with multiple gold and copper targets spread over more than 5,700 hectares. In the prolific Red Lake District of northwestern Ontario, the past-producing high-grade Argosy Gold Mine is open to depth, while the adjacent North Birch Project offers additional blue-sky potential. Focused on developing shareholder value through exploration and development of key projects, the Company is committed to building sustainable value for all stakeholders.
Stay informed and hear it first with Insidexploration, your number 1 source for Multimedia Due Diligence. We take you along on site visits, personal interviews, and in-depth analysis of the top mining and exploration companies on the market today.
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ASX Small Cap Wrap: Who’s struggling to get their head in the game today?
With an $18 million market cap at listing, explorer NiCo Resources (ASX:NC1) has had a successful IPO launch this morning. … Read More
The post ASX Small…
British sports fans and players alike have probably had their fair share of lessons recently in what “home ground advantage” can mean.
But even Nick Kyrgios admitted last night’s crowd for his match against Pom Liam Broady resembled “a zoo”.
Kyrgios pretty much steamrolled Broady 6-4 6-4 6-3. Some might say he didn’t take the match as seriously as he might have:
Your front row seat to the @NickKyrgios show
— #AusOpen (@AustralianOpen) January 18, 2022
“Siri, define box office entertainment”. Even the Aus Open organisers themselves were spellbound.
But yeah, feel some sympathy for Broady, trying to make a career out of tennis last night.
“The atmosphere was incredible,” he said after the game, “but it’s the first time I’ve ever walked onto a tennis court and been booed, which for me was a crazy experience.
“You get sledged from the sides. Like, you can’t believe that they don’t pick (it) up on TV.”
The “booing” actually turned out to be “Siuuu-ing”, as in the calls that follow every Cristiano Ronaldo goal celebration.
And Broady himself admits it was fun. Just different.
Even Kyrgios said after the game “I kind of know I created this s..tshow”, but said he asked the chair ump to calm fans down, at least while Broady was serving.
Then chugged a fan’s beer after match point….
— Eurosport UK (@Eurosport_UK) January 18, 2022
To markets, where it’s definitely not a game, no sir. Especially when Brainchip soars another 10pc on another patent grant.
In case you missed it, here’s why Luke Winchester at Merewether Capital just can’t buy the BRN hype.
And it’s true – America sneezes and Australia catches a cold. The ASX has been getting out the tissue box in mid-week morning trade with the market down 0.9% following the lead of all three US stock market benchmarks, which fell sharply overnight following another rise in bond yields.
The ASX 200 lost 31.6 points to be sitting at 7377.2 in morning trade. The selloff following jitters from the US where benchmark 10-year Treasury yield rose 4 basis points to 1.82%, its highest level in two years as traders begin to price in expected rate hikes by the Fed.
The S&P 500 was down by 1.84%, the Dow Jones by 1.51%, and tech heavy Nasdaq slumped by 2.6%.
In December, the Fed’s dot plot showed central bank officials expected three hikes in 2022, but some analysts predict there could be as many as four (or more) rate hikes this year.
At this point, the yield curve suggests traders are pricing in a 0.50% hike in March.
ASX SMALL CAP WINNERS
Here are the best performing ASX small cap stocks for January 13 [intraday]:
Swipe or scroll to reveal full table. Click headings to sort:
|FGL||Frugl Group Limited||0.026||30%||$3,600,000.00|
|SRN||Surefire Rescs NL||0.014||27%||$12,147,414.50|
|CCE||Carnegie Cln Energy||0.0025||25%||$30,205,147.42|
|JAV||Javelin Minerals Ltd||0.0025||25%||$13,176,505.54|
|TSC||Twenty Seven Co. Ltd||0.005||25%||$10,643,255.62|
|YPB||YPB Group Ltd||0.0025||25%||$12,235,667.40|
|ESS||Essential Metals Ltd||0.615||17%||$126,811,574.40|
|SKY||SKY Metals Ltd||0.14||17%||$45,214,016.40|
|CLA||Celsius Resource Ltd||0.031||15%||$28,457,408.19|
|ASO||Aston Minerals Ltd||0.12||14%||$100,190,730.05|
|AML||Aeon Metals Ltd.||0.056||14%||$42,424,635.51|
|ARR||American Rare Earths||0.34||13%||$117,109,831.20|
|XRG||Xreality Group Ltd||0.054||13%||$16,161,604.75|
|RBR||RBR Group Ltd||0.0045||13%||$5,127,920.34|
With an $18 million market cap at listing explorer NiCo Resources (ASX:NC1) has had a successful IPO launch this morning. Its share price rose a massive 75% to 35 cents.
After spinning out the Wingellina project from Metals X (ASX:MLX), NiCo will now hold 100% ownership of one of the largest undeveloped cobalt nickel projects in the world.
ASX SMALL CAP LOSERS
|CGB||Cann Global Limited||0.0025||-17%||$19,006,460.36|
|VPR||Volt Power Group||0.0025||-17%||$28,033,600.67|
|TYX||Tyranna Res Ltd||0.006||-14%||$8,976,524.67|
|ROG||Red Sky Energy.||0.007||-13%||$42,417,817.58|
|CY5||Cygnus Gold Limited||0.16||-11%||$20,953,432.98|
|SHE||Stonehorse Energy Lt||0.019||-10%||$14,373,136.74|
|TBA||Tombola Gold Ltd||0.029||-9%||$23,223,179.20|
|RCP||Redbank Copper Ltd||0.069||-9%||$39,436,455.48|
|PG1||Pearl Global Ltd||0.02||-9%||$14,351,472.61|
Advertising technology company Engage BDR (ASX:EN1) led the laggards, with its share price down 20% to 0.002 cents as part of a broader tech sell-off.
Cann Global (ASX:CGB) and Volt Power Group (ASX:VPR) were also other notable losers in morning trade with their share prices both falling 17%. While Volt Power had no news, Cann Global yesterday announced its AGM for January 31.
The post ASX Small Cap Wrap: Who’s struggling to get their head in the game today? appeared first on Stockhead.
Drilling proves Strickland’s theory about Dusk til Dawn gold mineralisation
Special Report: The balance of results from drilling at Dusk til Dawn have all but confirmed Strickland’s reinterpretation of how … Read More
The balance of results from drilling at Dusk til Dawn have all but confirmed Strickland’s reinterpretation of how mineralisation at the prospect really looks like.
Results such as 10m grading 3.1 grams per tonne (g/t) gold from 314m and 11m at 2g/t gold from 249m including 5m at 3.2g/t gold have extended gold mineralisation further down dip.
Previous results from the same drill program had yielded hits such as 33m at 3.6g/t gold from 61m and 24m at 1.6g/t gold from 196m including 12m at 2.5g/t gold.
More importantly, all holes have intersected the modelled alteration zone where Strickland Metals (ASX:STK) had predicted, a strong indicator that its understanding of Dusk til Dawn mineralisation is down pat.
It also means that further discoveries in the surrounding terrain are very likely given the proven effectiveness of the company’s current set of geophysical and geochemical techniques used at the prospect.
This means that there is significant potential for the discovery to scale-up given that there are up to 20 lookalike targets in two corridors within roughly 10km strike of Dusk til Dawn.
“The drilling has confirmed the company’s reinterpretation of the mineralisation at the prospect, with all holes intersecting the targeted zones where predicted. Remodelling of the mineralisation is underway, with an updated Mineral Resource expected in early February 2022,” chief executive officer Andrew Bray said.
“Most excitingly, our growing understanding of the mineralisation in this area opens up a tremendous opportunity to intersect repeats of this style of mineralisation.”
He added that six of the lookalike targets were drilled prior to the reverse circulation program concluding in December 2021, with all holes intersecting the targeted alteration zones.
However, the ongoing laboratory delays mean that results from these initial holes are not due until the middle of February 2022.
And now for the next act
Work is now underway to remodel the existing resource of 108,900oz of contained gold.
Strickland believes that correctly orientating the mineralised plunge will potentially lead to a material increase in both grade and tonnage.
This remodelling should also demonstrate the excellent potential to build a substantial mineralised inventory in the immediate surrounding region should the nearby ‘look-a-like’ targets also be mineralised.
The updated resource estimate is expected to be announced early in February 2022.
This article was developed in collaboration with Strickland Metals, a Stockhead advertiser at the time of publishing.
This article does not constitute financial product advice. You should consider obtaining independent advice before making any financial decisions.
The post Drilling proves Strickland’s theory about Dusk til Dawn gold mineralisation appeared first on Stockhead.
Precious Metals Outlook 2022
Summing up the performance of last years precious metals prices starting with…
By Rod Blake
Summing up the performance of last years precious metals prices starting with gold which was off by $76 or 4% from its highs by year end 2021 at US$1,822. Silver and platinum group investors might use the more descriptive ‘damn’ to sum up their year as silver lost 12.5% to US$23. Platinum fell by 10% to US$962 and palladium dropped by almost 18% to US$1,928. And as boring or disappointing as these numbers are they look even worse when compared to their base metal cousins such as copper that gained over 25.5% to US$4.42, nickel up 26% to US$9.47 and zinc that rose by 31.5% to US$1.63. And even these pale when compared to the petroleum sector where crude oil advanced by almost 59% to US$75.21 and natural gas gained 47.5% to US$3.76. Then to really feel bad compare precious metals in 2021 to the electric vehicle battery mineral lithium that rose by 142% to US$77 or its more stable compound lithium carbonate that soared up by 393% to US$16.67.
In early January, I saw that the price of gold, at about US$1,900, was forming a potentially very bullish ‘Flag or Pennant ‘ formation in advance of its usual New Year’s rally. Unfortunately this rally was short-lived and actually failed as gold peaked shortly after at US$1,955 before drifting down to the year’s low of US$1,700 in early March. This was followed by another ‘Dead Cat’ rally in June that saw the yellow metal rise once again to US$1,900. But this rally failed to take out the previous US$1,955 high and the yellow metal quickly settled back down once again to US$1,750. And let me caveat the rest of this column by saying upfront that my outlook on precious metals in 2021 wasn’t quite what I anticipated on its upside performance. Especially for gold which I thought was poised for a very good year. In July I wrote that gold seemed to have formed a base above $1,700 and this base along with the traditional second half of the year rally could push gold to new highs. Unfortunately, the second half rally turned into more of a recovery and gold bullion finished 2021 at the above mentioned US$1,822. For whatever reason – the two strongest seasons for gold bullion failed to materialize in 2021. Meanwhile silver held US$26 – US$28 for the first half of the year but eventually fell along with gold. Platinum/Palladium followed suit but their price drop was accelerated by the chip shortage induced drop in new car sales and by extension demand for new catalytic convertors.
In short, 2021 was a very disappointing year for precious metals and especially gold. And not just because gold lost a nominal 4%. No, the gold market was so disappointing because early in the year gold seemed to have the planets aligned with conditions for a good if not exceptional year ahead. Conditions that could see gold possibly take out the 2020 record high of US$2,075. Record low interest rates and the markets awash in Covid induced government money were the two most obvious conditions and those alone could have propelled gold higher. But this failed to happen. Looking back, it seems the giant NASDAQ and S&P 500 markets, which were continually achieving new record highs, would not let go of their winners and attracted the vast amount of this new money that otherwise might have migrated to gold. Any dips in those markets quickly brought in more investors to ‘Buy the Dips’ and drive those markets higher again. Any seasoned observer of the markets knows that buying begets more buying and these markets had it in spades. Now add to this the money that went into the new crypto currency markets. Much like the high flying cannabis markets of a few years ago, the crypto stocks also rose to new highs in 2021, With these markets reaching higher highs it is not too hard to imagine investors ignoring precious metals that not only couldn’t make new highs but at best could not hold on to previous gains.
Now, against last year’s backdrop, how do I think precious metals will do in 2022? Time is an amazing investing tool. Time gives one the advantage of stepping away from the immediate actions or emotions and let’s one look at the bigger and sometimes clearer picture. Now take gold. And although 2021 was disappointing, the year was still interesting, and taken as whole may have given some insight to the year ahead. If you can, take a look at a 1-year chart of gold bullion. From the early in the year high of US$1,955 and the resulting low of US$1,700, gold has tracked out a wedge pattern of descending highs and more importantly, ascending lows. Currently, as I write this in early January, the overhead resistance has descended to about US$1,825 and the ascending low is risen to about US$1800. If this pattern continues then the rising lows should meet the descending resistance sometime in the near future. From there gold either breaks thru to test the 2021 highs or it fails once again and falls to new lows. Recent monetary events suggest that gold bullion should be going lower. The U.S. Federal Reserve (Fed) has stated that 2022 will see rising interest rates and a tightening of the money supply. This announcement should be detrimental for gold, but gold is holding at or near US$1,800. It is said that a commodity (or stock) that doesn’t go lower in the face of negative events wants to go higher. With this in mind I’m looking for gold to meet and break thru the overhead resistance sometime in the first quarter. And the extended basing pattern suggests the measured move above this resistance could have some strength to it so that the 2021 high of $1,955 could be put to the test once again later in the year.
Silver usually follows gold, but if it starts to outperform gold then we’ll know that a real precious metals bull market has begun. Platinum/Palladium should also follow gold but will also get the benefit of more demand as the auto industry once again gears up with renewed shipments of those all important chips. Based on last year’s disappointments, if gold bullion can take out US$1,955, silver recover to US$28,and Platinum/Palladium get back to US$1,300 & US$3,000 respectively then 2022 will be considered a good year for precious metals.
The above 2022 outlook is based on historic and current market conditions and supported by charts. But then there are the intangibles that ebb and flow and can effect markets during the course of the year. Three of these are the above mentioned NASDAQ, S&P 500 and crypto markets. To me these markets seem very overextended and are supported by the current ‘Buy the Dips’ mindset. Should this change and these markets give up some of their gains and that money comes to the precious metals markets then perhaps a run above the 2021 highs could be in the works. Based on my past forecasting performance, I won’t officially go that far, but I’ll be secretly watching and waiting for it to happen.
Meanwhile, looking forward at producing and early-stage exploration companies, Dynacor Gold Mines Ltd. has been successful at the sustainable development of artisanal mining communities while offering investor an attractive 0.83 cent monthly dividend, up from 0.67 cents and on an annual basis to 10 cents from 8 cents per common share starting in this month.
And Aurwest Resources Corp., a Canadian-based junior resource company focused on the acquisition, exploration, and development of gold properties in Canada.
DNG-TSX} is an alternative gold company investment with a proven and profitable business model that involves the processing of ore purchased from the ASM (artisanal small-scale mining) industry in Peru.[
Dynacor aims to be an environmentally and socially responsible industrial gold ore processor that is committed to shareholder returns through a monthly dividend stream and stock buyback program.
The company has US$17.8 million in cash, is debt free and has guided investors to anticipate $185-$190 million in gold sales for 2021. It recently declared a 25% increase in the monthly dividend payment of $0.83 cents per common share.
Dynacor operates in Peru, where its management and processing teams have decades of experience working with artisanal miners. Through a subsidiary called Veta Dorada, the company buys ore form Artisinal Small Miners who are enlisted in the formalizing process of the Peruvian government. The Veta Dorada Plant has a processing capacity of 340 TM/D and is located in the Chala District, Arequipa, Peru.
The company has implemented a compliance system for money laundering prevention and terrorism financing, focused on risks through which acts of corruption and money laundering are also prevented. “In our production areas, there is no child or forced labour,” Dynacor has said. Gold is exported from Lima airport to Switzerland.
As of June 2021, the company increased its processing capacity to 430 TM/D from 340 TM/D.
In the third quarter ended September, 2021, the company reported a net profit of $3.5million or $0.09 per share, an increase from $1.25 million or $0.03 in the same period last year. Sales of $61.9 million in the third quarter marked an increase from $24 million in the year ago period.
On January 22, 2022, Dynacor shares were trading at $3.04 in a 52-week range of $3.29 and $1.77, leaving the company with a market cap of $118 million, based on almost 39 million shares outstanding.
Aurwest Resources Corp. [AWR-CSE] is a Calgary-based junior exploration company that offers low risk exposure to early stage precious and base metal exploration in Newfoundland and British Columbia.
The company has option agreements, enabling it to earn a 100% interest in the Paradise Lake and Stony Caldera projects, covering a 478 square kilometre package of gold exploration licenses located within the emerging central Newfoundland gold district.
Paradise Lake consists of three separate claim blocks. Collectively the properties cover 45 kilometres of strike length of the regional scale structure hosting Marathon Gold Corp.’s [TSX:MOZ, OTC:MGDPF – Mkt cap C$755M] Valentine Gold Project, Corp’s [TSX:NFG – Mkt cap C$1.28B] Queensway project and ’s [TSX:SIC – Mkt cap C$67.1M] high-grade Moosehead gold discovery.
Aurwest has received government permits to complete a 10,000-metre diamond drilling program at Paradise Lake. The program will consist of two phases, with the first phase consisting of a 3,000-meter program beginning in late January, 2022 (see news release dated January 6, 2022).
The main target is a 3.0-kilometre-long trend of high-grade gold in angular pyritic boulders of quartz breccia.
“We have concluded our preliminary 2021 exploration program at Paradise Lake with several high priority targets being identified,’’ said Aurwest President and CEO Colin Christensen. “This area has had no historical drilling and is situated along the Cape Ray Valentine Lake structure with up to 14.22 g/t gold at surface,’’ he said. “We’re looking forward to joining the few other companies who are currently drilling in the area, and the potential re-valuation of our share price as we move ahead.”
In British Columbia, the company also holds a 100% interest in the 24,533-hectare Stellar copper/gold project, plus an additional 3,761 hectares of contiguous claims in the now 100% owned Stars property, which includes an early-stage porphyry copper-molybdenum discovery. In 2019 the previous operator had drilled 16 holes over 6, 472 meters, with a selected significant drillhole DD18SS004 assaying 0.45% Cu, 0.045g/t Au, and 0.0048% Mo over 204 meters. This district scale play lies on the Nechako Plateau, 25 kilometres southwest of Houston and 58 kilometres north of Imperial Metals Corp.’s (III-TSX) Huckleberry Copper Mine.
On January 18, 2022, Aurwest shares closed at $0.13 and trade in a 52-week range of 22 cents and $0.065 leaving the company with a market cap of just under $12.8 million, based on 98.3 million shares outstanding.
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