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Scottie Resources Reports Intersect Of 11.8 g/t Gold Over 6.57 Metres

Scottie Resources (TSXV: SCOT) this morning released the latest assay results for its Scottie Gold Mine project in British Columbia,
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This article was originally published by The Deep Dive

Scottie Resources (TSXV: SCOT) this morning released the latest assay results for its Scottie Gold Mine project in British Columbia, north of Stewart. The latest results come from a 14,500 metre drill program conducted by the company.

Results from a total of three drill holes were released this morning, with the highlight hole, SR21-094, intersecting 11.8 g/t gold over 6.57 metres at a depth of 58.84 metres. The assay includes 20.2 g/t gold over 3.76 metres.

Additional results released this morning include:

  • SR21-095: 2.20 g/t gold over 10.09 metres, and 37.2 g/t gold over 3.71 metres
  • SR21-096: 2.59 g/t gold over 7.84 metres, 8.08 g/t gold over 5.00 metres, and 20.6 g/t gold over 2.22 metres

The firm views the results as pointing to the “potential for the expansion of the historic resource,” while also pointing to the potential contained within untested targets on the property. The firm is currently looking to establish a one million ounce resource at the historic gold mine.

Scottie this morning also indicated that Stephen Sulis has been reappointed as the CFO of the company, while Lisa Peterson, whom presently held the role, will be leaving the company for undisclosed reasons.

Scottie Resources last traded at $0.185 on the TSX Venture.


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 Scottie Resources Reports Intersect Of 11.8 g/t Gold Over 6.57 Metres appeared first on the deep dive.


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Author: Jay Lutz

Economics

Defense Stocks Set To Surge In 2022 – Here’s Why

Investors in defense stocks have continued to see their portfolio grow but compared to those investing in the broader market, they have underperformed….

Investors in defense stocks have continued to see their portfolio grow but compared to those investing in the broader market, they have underperformed. That being said, Goldman Sachs agrees has just called it one of their top sector plays for 2022. [Here’s why.]

With stable military budgets in the United States, expanding international defense sales, and a return to an expansion phase for commercial aircraft deliveries, we see 2022 being a great one for defense stocks and, particularly,  if one – or more – geopolitical or economic developments unfold.

Below is a list of such potential events In no particular order:

  • China annexes Taiwan
  • Russia invades Ukraine
  • Russia invades Kazakhstan
  • Russian submarines disrupt undersea communications cables (a concern raised by the UK)
  • Mid-East conflagration (pick your combatants)
  • A worsening China-US cold war relationship expands to debt / currency issues
  • Joe Biden takes ill
  • US social unrest leads to armed conflicts
  • North Korea saber rattling to generate attention
  • Iran’s nuclear development
  • Afghanistan: The crisis after the conflict. What direction does it take?
  • A significant cyber war incident traced to a nation/state
  • Congress targets defense spending to pay for social programs
  • New variant of COVID has Omicron-like spread but more deadly
  • Inflation (how fast, how high)
  • Rise of fascist-leading political leaders worldwide
  • Terrorist incidents delayed by COVID travel restrictions targeting Western nations return

Over the past several years, defense budgets in the United States have remained strong and stable but there was little positive news to provide fuel to the sector after eight consecutive years of returns that beat the market….[Indeed,]  the trade statistics are consistent with a quiet period for military action and planning. According to the US State Department, sales of U.S. military equipment to foreign governments during FY20 fell 21% to $138 billion after rising for the past decade.

However, as we venture into the early part of 2022, this is changing. Tensions in areas around the world are beginning to rise…[and] this return to fear and uncertainty is a business environment that should directly impact defense firms, translating into a return of the international sales growth that the sector has seen in recent years….

With stable military budgets in the United States, expanding international defense sales, and a return to an expansion phase for commercial aircraft deliveries, we see 2022 being a great one for defense stocks and historical data back this thesis…

After a 2-3-year decline, defense stocks have historically come roaring back and produced outsized returns for a number of years. Even during the years that defense stocks underperformed the market, those who invested in a portfolio of aerospace and defense stocks still managed a positive return most of the time…

Investors should consider the Invesco Aerospace & Defense ETF (PPA), which tracks the benchmark SPADE Defense Index or one of the 53 companies that comprise the index-including defense prime contractors Lockheed Martin  (NYSE:LMT), Raytheon Tech (NYSE:RTX), Northrop Grumman  (NYSE:NOC), and Boeing (NYSE:BA).

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Author: Lorimer Wilson

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Azure kicks off Barton exploration, eyes extension of neighbouring Puzzle North gold discovery

Special Report: Azure Minerals has kicked off exploration at the Barton gold project in WA, with 3,000m of RC drilling … Read More
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Azure Minerals has kicked off exploration at the Barton gold project in WA, with 3,000m of RC drilling targeting extensions of  Genesis Minerals’ (ASX:GMD) new Puzzle North gold discovery.

The target is gold mineralisation at Daisy Corner – immediately adjacent to Puzzle North – where previous exploration intersected anomalous gold mineralisation of 7m at 1.26g/t gold from 42m (YAB13).

Barton borders several growing gold deposits and significant gold projects, including Genesis’ Ulysses Gold Project (1,608,000oz gold resource); and Saturn Metals Ltd (ASX:STN): Apollo Hill Gold Project (944,000oz gold resource).

The first holes in Azure Minerals’ (ASX:AZS) initial program will be collared immediately to the north of the Azure-Genesis tenement boundary.

The company also plans to complete an aircore drilling program to follow up untested, soil- covered structurally-controlled gold targets.

Pic: Barton Project showing areas of gold prospectivity.

Andover diamond drilling underway

Azure has also restarted diamond drilling on its flagship Andover nickel-copper project (60% Azure/40% Creasy Group).

To date, two separate zones of massive, semi-massive and matrix nickel-copper sulphides have been identified at VC-07 West, where drilling is planned to define these mineralised zones and potentially move into a mineral resource drill-out phase.

The company also plans to complete additional drilling at several bedrock-hosted EM conductors – which represent high-priority drill targets.

 


 

 

This article was developed in collaboration with Azure Minerals Limited, 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 Azure kicks off Barton exploration, eyes extension of neighbouring Puzzle North gold discovery appeared first on Stockhead.





Author: Special Report

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Precious Metals

4 Top Stock Trades for Thursday: AAPL, GLD, BAC, F

It was another brutal day in stocks. I was not happy to see the market gap up on the day, as that made it easy to sell into and that’s exactly what happened….

It was another brutal day in stocks. I was not happy to see the market gap up on the day, as that made it easy to sell into and that’s exactly what happened. The S&P 500 and Nasdaq each dropped about 1%. With that in mind, let’s look at a few top stock trades despite the selling.

Top Stock Trades for Tomorrow No. 1: Apple (AAPL)


Click to Enlarge
Source: Chart courtesy of TrendSpider

Apple (NASDAQ:AAPL) has been a relative strength leader until recently, but it’s now coming under some selling pressure.

I wasn’t sure when we would get the tag of the 50-day moving average, but in combination with last week’s low, it is even more attractive.

On a move back up through last week’s low (at $168.17), bulls can look to trade Apple stock on a bounce, first targeting $170, then the declining 10-day moving average.

A break lower could end up putting the $158 to $160 zone in play, along with the 21-week moving average.

While Apple hasn’t traded that well lately, remember it was a leader before this recent dip.

Top Stock Trades for Tomorrow No. 2: Gold ETF (GLD)

Daily chart of GLD
Click to Enlarge
Source: Chart courtesy of TrendSpider

Gold has had a lot working against it, mainly that it hasn’t had any momentum despite robust money printing from the global central banks and inflation that’s been on a tear.

When I look at the chart of the SPDR Gold Trust ETF (NYSEARCA:GLD), however, I see a powerful upside rotation.

Not only is the GLD clearing multiple weeks worth of highs, but it’s also clearing last month’s high as well. That’s the type of rotation that could put fourth-quarter resistance in play, up near $175.

Of course, it’s hard to have too much faith in this one, seeing as though most of its breakouts have not yielded any sustained upside moves. If it pulls back again, see that its cluster of moving averages acts as support.

Top Stock Trades for Tomorrow No. 3: Bank of America (BAC)

Top stock trades for BAC
Click to Enlarge
Source: Chart courtesy of TrendSpider

Given how the other banks had traded on earnings, it’s no wonder that Bank of America (NYSE:BAC) stock had been trading poorly ahead of the print.

However, it’s also not surprising that the stock’s gap up on Wednesday morning was sold into.

Shares opened right near that gap-fill level at $48.70, then proceeded to fall throughout the session. While its short-term moving averages are supporting it now, there are not a lot of bullish catalysts to go on.

I guess bulls can be long against the 50-day if they really want to own this one.

However, keep an eye on BAC stock if breaks below $45. That could open the door to the December low near $42.70 and the 200-day moving average.

On the upside, though, the stock needs to clear $48.70.

Top Trades for Tomorrow No. 4: Ford (F)

Top stock trades for F
Click to Enlarge
Source: Chart courtesy of TrendSpider

Let’s keep it short and sweet with Ford (NYSE:F).

The stock knifed right through its 10-day moving average and dipped down to the 21-day.

On a bounce, we need to see the stock reclaim $23, then the 10-day. On a further dip, however, keep an eye on the gap-fill at $21.88. That’s followed by the 10-week and 50-day moving averages.

For now, this is still a name we want to buy on the dips.

On the date of publication, Bret Kenwell did not have (either directly or indirectly) any positions in the securities mentioned in this article. The opinions expressed in this article are those of the writer, subject to the InvestorPlace.com Publishing Guidelines.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell.

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Author: Bret Kenwell

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