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Streetwise Live! Presents E2Gold

Source: Streetwise Reports   09/13/2021

Streetwise Live! Presents E2Gold Featuring Eric Owens, President, CEO and Director of E2Gold and Quinton…

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This article was originally published by The Gold Report

Source: Streetwise Reports   09/13/2021

Streetwise Live! Presents E2Gold Featuring Eric Owens, President, CEO and Director of E2Gold and Quinton Hennigh, PhD Geologic and Technical Director, Crescat Capital.

In a Streetwise Live! broadcast on Sept. 9, 2021, from the 2021 Precious Metals Summit at Beaver Creek, Dr. Eric Owens, president and CEO of E2 Gold Inc. (ETU:TSX.V) and Dr. Quinton Hennigh, geologic and technical director of Crescat Capital, talked about the "exciting" potential of E2's Hawkins gold project in northcentral  Ontario.

The broadcast began with Dr. Quinton Hennigh explaining what drew him to E2 Gold. Hennigh is the Geologic and Technical Director to Crescat Capital, which holds more than 10% of E2. A total of eight funds own E2, their and others' investments comprising about 65% of the company's 95 million outstanding shares.

"We, at Crescat, tend to look at compelling theses around investment, all driven by discovery. We look for companies willing to swing for the fence," he said.

That describes E2. The fully funded junior mining explorer is drill testing the hypothesis that the McKinnon zone of its Hawkins project in Ontario contains a Hemlo-like discovery at depth. Hemlo is Canada's largest gold deposit, previously discovered, about 110 kilometers away from Hawkins. E2's drilling in McKinnon so far has shown high-grade mineralization like that at Hemlo. Mineralization remains open in all directions, and the "geology is absolutely conducive for extension to this," Hennigh said.

"We know what Hemlo looks like," he added. "The basis for testing this thing at a deeper level is well founded on an existing analog, and this is an exciting opportunity."

To test for "a Hemlo," E2 Gold President and CEO Dr. Eric Owens said the company, with two rigs, is drilling 10 to12 holes at about a 500 meter depth in McKinnon. Also, E2 is planning future drill targets on other portions of its sizable land package.

Edwards asked Hennigh why investing in gold is a good idea right now. He said the "big values are in the dips, and this is one of those cases."

Regarding E2 Gold, the value it would create for shareholders were it to discover a Hemlo is "immense," according to Hennigh.

"If shareholders want to swing for the fence for very, very high value in the form of discovery, E2 Gold is an outstanding opportunity," Hennigh concluded.

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Disclosures:

    1. This broadcast does not constitute investment advice. Each viewer is encouraged to consult with his or her individual financial professional and any action a viewer takes as a result of information presented here is his or her own responsibility. This broadcast is not a solicitation for investment. Streetwise Live! does not render general or specific investment advice and the information should not be considered a recommendation to buy or sell any security. Streetwise Live! does not endorse or recommend the business, products, services or securities of any company mentioned here.
    2. Statements and opinions expressed are the opinions of the presenters and not of Streetwise Live! or its officers. The presenters are wholly responsible for the validity of the statements. The presenter was not paid by Streetwise Live! for this broadcast. Streetwise Live! requires presenters to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Live! relies upon the authors to accurately provide this information and Streetwise Live! has no means of verifying its accuracy.
    3. The following companies discussed in this broadcast have paid a $10,000 fee to participate: E2 Gold Inc.
    4. From time to time, Streetwise Live! and its directors, officers, employees or members of their families, as well as persons interviewed for broadcasts and interviews on the site, may have a long or short position in securities mentioned. As of the date of this broadcast, officers and/or employees of Streetwise Live! (including members of their household) own securities of the following companies discussed in this broadcast: E2 Gold Inc. E2 Gold Inc. is a billboard sponsor of Streetwise Reports, an affiliate of Streetwise Live! (description available at https://www.streetwisereports.com/disclaimer/).
    5. Eric Owens - President, CEO and Director, E2Gold owns securities of the company.
    6. Disclosures for: Quinton Hennigh - PhD Geologic and Technical Director, Crescat Capital. I, or members of my immediate household or family, own securities of the following companies discussed in the broadcast: None. I personally am, or members of my immediate household or family are, paid by the following companies discussed in the broadcast: None. My company has a financial relationship with the following companies discussed in the broadcast: None.
    7. Disclosures for: Cyndi Edwards, Host. I, or members of my immediate household or family, own securities of the following companies discussed in the broadcast: None. I personally am, or members of my immediate household or family are, paid by the following companies discussed in the broadcast: None. My company has a financial relationship with the following companies discussed in the broadcast: None.

( Companies Mentioned: ETU:TSX.V, )

Precious Metals

The United States reported a 0.7% rise in retail sales. Should I sell Gold?

The gold price has weakened more than 2% this Thursday and reached the lowest level in a month after the U.S. dollar climbed following a better than expected…

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The gold price has weakened more than 2% this Thursday and reached the lowest level in a month after the U.S. dollar climbed following a better than expected rise in U.S. retail sales for August. The United States reported a 0.7% rise in retail sales, raising investors’ expectations that the Federal Reserve will soon begin tapering down monthly bond purchases.

Fundamental analysis: U.S. retail sales figures put pressure on Gold

Gold price remains under pressure this Thursday after the U.S. dollar climbed following a better than expected rise in U.S. retail sales for August. The better than expected results positively influenced the U.S. dollar, and the most significant force behind the Gold price slide is the appreciation of the U.S. dollar.

Investors have started to behave nervously amid concerns that the Federal Reserve will have to tighten its ultra-loose monetary policy sooner than anticipated. Investors will continue to pay attention to the Federal Reserve commentaries looking for any clues, but surging COVID-19 cases could boost demand for Gold because this precious metal is considered a safe-haven asset.

“Risk appetite among market participants continues to be high, as reflected in steep rises in energy and base metals prices. Stock markets remain stable, and what is more, there has been an unexpected and considerable brightening of sentiment among industrial companies in the New York Fed district in September. Gold was not in demand in this market environment,” Commerzbank analyst Daniel Briesemann said in a note.

On the other side, Wall Street’s three main indexes continue to trade in a bull market while U.S. Federal Reserve Chairman Jerome Powell said that inflationary pressures are likely to be temporary. The coronavirus Delta variant is fueling concerns about the recovery path, but the U.S. economy continues to perform well.

The U.S. Initial Jobless Claims fell to the lowest level in almost eighteen months, and the renewed U.S. dollar strength on the back of robust U.S. data continues to negatively influence the price of Gold.

Technical analysis: $1700 represents a strong support level

Those whose interest is to invest in commodities like Gold should consider that the risk of further decline is still not over.

Data source: tradingview.com

The gold price has weakened more than 2% this Thursday, and if the price falls below $1700 support, the next target could be around $1650. The strong resistance level stands around $1850, and if the price jumps above this level, it would be a signal to trade Gold, and we have the open way to $1900. 

Summary

Gold price remains under pressure this Thursday after the U.S. dollar climbed following a better than expected rise in U.S. retail sales for August. The U.S. Initial Jobless Claims fell to the lowest level in almost eighteen months, and investors have started to behave nervously amid concerns that the Federal Reserve will have to tighten its ultra-loose monetary policy.

The post The United States reported a 0.7% rise in retail sales. Should I sell Gold? appeared first on Invezz.

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Precious Metals

Lakewood Exploration: Silver Strand 43-101, Exploration, Adds Two Silver Projects in Nevada

Source: Maurice Jackson for Streetwise Reports   09/15/2021

Joining us is Morgan Lekstrom, the CEO of Lakewood Exploration, which is on track…

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Source: Maurice Jackson for Streetwise Reports   09/15/2021

Joining us is Morgan Lekstrom, the CEO of Lakewood Exploration, which is on track to become the next pure silver play in the US. In this interview, Mr. Lekstrom discusses the latest update on the pending NI43-101 on the flagship Silver Strand, along with current exploration successes and new additions to the property bank, both in the prolific Hamilton District of Nevada, which are the Eliza Silver Project and Silverton Silver Mine, and we will conclude with pending catalysts.

Maurice Jackson: Joining us for conversation is Morgan Lekstrom, the president of Lakewood Exploration Inc. (LWD:CSE). Glad to have you join us today, as Lakewood Exploration has been busy on several fronts in its resolve to become the next pure silver play in the United States. Sir, I understand you have several updates for us regarding the release of the 43-101 on the flagship Silver Strand, along with exploration successes, portfolio expansion, and pending catalysts. Before we begin, Mr. Lekstrom, please introduce us to Lakewood Exploration and the opportunity the company presents to shareholders.

Morgan Lekstrom: Lakewood Exploration was listed on the stock exchange, the Canadian securities exchange four months ago. We're a newly formed silver company with what we call a triple-pronged approach, where we look to have a large exploration payoff, near-term production potential, and meaningful acquisitions. We have three assets in the United States, one in Idaho in the prolific Silver Valley, two in Nevada, in the Silver Alley, which are all high-grade, past-producing mines. We have a very tightly held share structure with just under 50 million shares out and only 37.6 of them on the market right now. A lot of room to grow as a company and large exploration payoff for shareholders.

Maurice Jackson: Mr. Lekstrom, let's get right to it. Take us to Idaho, to the flagship Silver Strand, where Lakewood exploration has a pending NI 43-101. Lakewood has just provided the market with some important updates. What can you share with us?

Morgan Lekstrom: Lakewood Exploration is very exciting about Silver Strand. We just finished the 43-101 and in the filing process, and we are looking forward to moving into exploration. Our plans right now are being enacted. We're actively in our existing underground. It was always called a historic underground, but we're actively in there. Finished rehabilitation and now we're moving into mining the Silver Strand for creating an exploration cutting. We're looking to get in there, drove right from the underground and from surface. Still planning and drilling to 2,700 meters. That in conjunction with the 43-101, in conjunction with what we're looking at for our drill program and our surface programs, it's leading for pretty exciting times at Silver Strand.

Maurice Jackson: Speaking of that drill program, you're going underground and near-surface. Talk to us about the method first. Are you going underground first or near-surface?

Morgan Lekstrom: We're working on getting into our underground. We have a mining crew in there right now creating that new drill bay, a more strategic drill location for hitting the ore body at deeper depths and at better angles. We're looking at mobilizing that drill crew in there in September, by the end of the summer, and just waiting and looking at strategic targets for the surface program as well.

Maurice Jackson: Now, I realized the labs are backed up and you're just beginning. But do you have any anticipation of when the market may receive the next set of assay results?

Morgan Lekstrom: I think you'll be pleasantly surprised.

Maurice Jackson: We'll read into that one just as it is, sir.

Morgan Lekstrom: Exactly.

Maurice Jackson: All right. Leaving Idaho, let's visit Nevada, where Lakewood Exploration is looking to further extend its footprint in two project acquisitions. Sir, what can you share with us?

Morgan Lekstrom: Lakewood Exploration is working on two transformative acquisitions which are the Eliza Silver Project and the Silverton Mine. I think we've touched on them before, Maurice, around Eliza and Silverton, Eliza being that prolific Hamilton historic area, 1860-1870 mine, 40 million ounces out of the area. Very high-grade. One of the mines on our claim block had 5,600 to 18,500 thousand grams per tonne silver, mineralization across surface, had no modern exploration done. We're coming up with exploration plans there right now.

 

Lakewood has hired a separate geologist for this work so that we're keeping focused on all three assets in the right way. Silverton being up in Nevada as well. These are all in that Tonopah to Ely area. A lot of prolific mine around there. Round Mountain is one of them. The Silverton mine itself exhibits the same infrared ASTER signatures as Round Mountain. We have some very good geology work that was preliminarily done to the transaction, as well as this is a past-producing silver mine of 933 grams a ton in the 1930s. Again, similar geology to Eliza. There's an ability there to utilize the exploration techniques, as well as having a large exploration payoff between the two for our shareholders.

Maurice Jackson: It sounds like a lot of blue sky potential there, sir. When will the transaction become finalized?

Morgan Lekstrom: We're looking at doing that most likely this week.

Maurice Jackson: Talking about full speed ahead.

Morgan Lekstrom: We are. Like I said four months ago, where we were to where we are now, it's pretty transformative.

Maurice Jackson: Now, once the transaction has been consummated, how will you leverage the intellectual capital that is onsite for both projects?

Morgan Lekstrom: I’m glad you brought that up. I'm heading down to Nevada with the gentlemen that we transacted with Dave Forest, and we're going to be putting in our boots on the ground with a geologist that we just hired. We're going to get that tribal knowledge transfer right away. We're going to make sure we have a concrete plan. I have that geologist already starting.

He's already heading down there right now to put boots on the ground and get his feet wet down there, or as they say in Nevada, keep your feet dry, and come up with that methodical plan, utilizing that knowledge in the background. We want to make sure that when we are coming up with drill targets, that they're utilizing these old existing mines. There's uniform mineralization in that old California mine. We're able to see maybe a little more info than what just a standard exploration project allows us.

Maurice Jackson: Now, before we leave the property bank, multilayered question, what is the next unanswered question for Lakewood Exploration? When can we expect a response, and what will determine success?

Morgan Lekstrom: The real catalyst will be getting underground at Silver Strand and getting modern exploration going on Eliza and Silverton. We're well on our way to doing both.  I need to highlight that four months ago, we vended in Silver Strand and we were able to take that from having almost a very bare-bones plan to re-opening our underground, starting to blast as of today, and putting an underground drill program and a surface program together within four months is pretty impressive for the team. A true demonstration of our geological and business acumen. 

Maurice Jackson: Switching gears, let's look at some numbers. Sir, please provide us the capital structure for Lakewood Exploration.

Morgan Lekstrom: With vending in Eliza and Silverton, we're at 37.4 million shares outstanding. We have 2.7 million options, 7.8 million warrants, and then fully diluted sets us right around 44.9 million shares. Tightly held about. 42% insider held right now. A lot of room to grow. As we grow these assets, as we grow our share structure, there's a lot of value to be seen there for shareholders.

Maurice Jackson: Before we close, Mr. Lekstrom, what would you like to say to shareholders?

Morgan Lekstrom: Stay tuned. We feel there are some real exciting times are happening in silver space and Lakewood Exploration portfolio expansion with key assets in two of most prolific silver states and silver places to mine in the world, in Nevada and Idaho is exciting. We are looking forward to getting the results out as we get them, but also coming up with these plans for Nevada. Stay tuned to what we're doing.

Maurice Jackson: Last question, what did I forget to ask?

Morgan Lekstrom: I think you covered it.

Maurice Jackson: Mr. Lekstrom, for someone that wants to learn more about Lakewood Exploration, please share the contact details.

Morgan Lekstromwww.lakewoodexploration.com

Maurice Jackson: Mr. Lekstrom, it's been a pleasure to speak with you. Wishing you and Lakewood Exploration the absolute best, sir.

And as a reminder, I am a licensed representative to buy and sell precious metals through Miles Franklin Precious Metals Investments, where we have several options to expand your precious metals portfolio, from physical delivery of gold, silver, platinum, palladium, and rhodium, to offshore depositories, and precious metals IRA’s. Give me a call at 855.505.1900 or you may email: Maurice@MilesFranklin.com.  Finally, please subscribe to www.provenandprobable.com, where we provide: Mining Insights and Bullion Sales, subscription is free.

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Disclosures:
1) Maurice Jackson: I, or members of my immediate household or family, own securities of the following companies mentioned in this article: Lakewood Exploration Inc. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: Lakewood Exploration Inc. My company has a financial relationship with the following companies referred to in this article: Lakewood Exploration Inc. Proven and Probable disclosures are below.
2) The following companies mentioned in this article are billboard sponsors of Streetwise Reports: None. Click here for important disclosures about sponsor fees.  
3) Statements and opinions expressed are the opinions of the author and not of Streetwise Reports or its officers. The author is wholly responsible for the validity of the statements. The author was not paid by Streetwise Reports for this article. Streetwise Reports was not paid by the author to publish or syndicate this article. Streetwise Reports requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Streetwise Reports relies upon the authors to accurately provide this information and Streetwise Reports has no means of verifying its accuracy.
4) This article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports' terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Lakewood Exploration Inc., a company mentioned in this article.

Disclosures for Proven and Probable: 

Please disclose all companies that are mentioned in this article that you or members of your immediate household or family own securities of: Lakewood Exploration

Please disclose all companies that are mentioned in this article that pay you: Lakewood Exploration

Please disclose all companies that are mentioned in this article that your company has a financial relationship with: Lakewood Exploration, sponsor/partner.

Do funds/accounts that your firm controls own securities of any of the companies you wrote about in this article?: N/A.

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Proven and Probable LLC receives financial compensation from its sponsors. The compensation is used to fund both sponsor-specific activities and general report activities, website, and general and administrative costs. Sponsor-specific activities may include aggregating content and publishing that content on the Proven and Probable website, creating and maintaining company landing pages, interviewing key management, posting a banner/billboard, and/or issuing press releases. The fees also cover the costs for Proven and Probable to publish sector-specific information on our site, and also to create content by interviewing experts in the sector. Proven and Probable LLC does accept stock options and cash as payment consolidation for sponsorship. Sponsor pages may be considered advertising for the purposes of 18 U.S.C. 1734.

The Information presented in Proven and Probable is provided for educational and informational purposes only, without any express or implied warranty of any kind, including warranties of accuracy, completeness, or fitness for any particular purpose. The Information contained in or provided from or through this forum is not intended to be and does not constitute financial advice, investment advice, trading advice or any other advice. The Information on this forum and provided from or through this forum is general in nature and is not specific to you the User or anyone else. YOU SHOULD NOT MAKE ANY DECISION, FINANCIAL, INVESTMENTS, TRADING OR OTHERWISE, BASED ON ANY OF THE INFORMATION PRESENTED ON THIS FORUM WITHOUT UNDERTAKING INDEPENDENT DUE DILIGENCE AND CONSULTATION WITH A PROFESSIONAL BROKER OR COMPETENT FINANCIAL ADVISOR. You understand that you are using any and all Information available on or through this forum AT YOUR OWN RISK.”

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( Companies Mentioned: LWD:CSE, )

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Precious Metals

AABB Stock Fans Are Waiting for Big Crypto Exchange News

One of the more intriguing — and speculative — stocks of late has been Asia Broadband (OTCMKTS:AABB). Indeed, retail investors have flocked to AABB…

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One of the more intriguing — and speculative — stocks of late has been Asia Broadband (OTCMKTS:AABB). Indeed, retail investors have flocked to AABB stock as another popular moonshot bet of late.

Source: Shutterstock

Indeed, Asia Broadband is one of those companies that’s still finding out who it is. This company touts itself as a “resource company focused on the production, supply and sale of precious and base metals, primarily to Asian markets.” Sounds like a decent pandemic rebound play.

However, retail investors seem to be focused on Asia Broadband’s potential crypto angle. The company has been looking to use its gold reserves to back a move into being a crypto exchange player.

Let’s dive into what some investors are watching with AABB stock right now.

AABB Stock Moving on Crypto Exchange Hopes

Earlier this year, Asia Broadband saw some massive swings in its share price as retail investors jumped on this meme stock. Much of this had to do with the company’s aforementioned move to launch a gold-backed cryptocurrency.

However, a recent announcement from Asia Broadband that the company has hit a number of development milestones in preparation for its for its crypto exchange has some investors excited. This crypto exchange is purportedly going to allow for the implementation of modules for workers as well as various crypto-secured loans that could revolutionize various sectors.

As per this press release, it’s expected Asia Broadband will release another update sometime this week or next. Accordingly, investors bullish on this company appear keen to keep an eye on what’s announced. The company has said this announcement will be around various implementation stages to launch, as well as details on the crypto exchange development process.

On the date of publication, Chris MacDonald 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.

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