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KEVIN DOUGAN The Twelve Days of Christmas
The Twelve Days of Christmas
On the First Day of Christmas my true love gave me a Partridge in a Pear Tree. Fortunately, the partridge was resting in a pear tree in the Anadarko Basin at the STACK in central Oklahoma. That led me to look deeply into an Oil & Gas Company named Jericho Oil, which smartly bought prolific, enticing land packages when Oil was at its absolute lows. “Never Waste a Good Crisis”. Brian Williamson, a well-groomed CEO, heads up a very experienced field crew and boasts a very loyal, savvy investor following, who know Oil. Currently shares can be shrewdly purchased for JCO (Jericho Oil) at 43 cents which is nearly it’s 52-week low. Buy Low, Sell High!!! Oil will rebound!!!
On the Second Day of Christmas my true love gave to me 2 Turtle Doves. My good fortune led me to where they were nesting in a prospective, massive land package on Pamlico Ridge outside Hawthorne, Nevada. It is owned by Newrange Gold (NRG). Past results were outstanding and there is much anticipation from the recent drill program which was just completed. I therefore bought some shares of NRG at 15 cents. Top flight management and an extremely mining friendly jurisdiction in Nevada which includes close proximity to the needed infrastructure. Shares are very tightly help by management and insiders adds to the appeal and they are a top pick for 2019 !!!
On the Third Day of Christmas my true love gave to me 3 Turtle Doves. As luck would have it, they came from a bramble bush in Sycamore Canyon, Arizona. That led me to look into a company named Arizona Silver Exploration (AZS). After some very encouraging grab samples, they are awaiting the eminent drill permits which will lead to an early Q-1 drill program. CEO & Geo, Greg Hahn has an excellent track record, the ultra-tight share structure (30 Million Shares) and consistent insider buying makes this an attractive buy at AZS – 8 cents.
On the Fourth Day of Christmas my true love gave to me 4 Calling Birds. It turns out the birds were nesting at a rapidly growing mining property, Kwanika owned by Serengeti Resources (SIR). They are awaiting a pre-feasibility study which should be awesome with the added fantastic drill results which were put to market in late 2018. This should really make 2019 an exciting time to own shares. CEO Dave Moore was a previous winner of Prospector of the Year and knows how and where to drill. Having a loyal and deep pocketed partner Daewoo, a mining giant from South Korea to foot the bills sure tamps down the risk. I bought some additional SIR shares at 17 cents today.
On the Fifth Day of Christmas my true love gave to me 5 Golden Rings. To my great fortune they were found in a shallow pond at a mine site named Goldboro, in Nova Scotia, owned by Anaconda Mining (ANX). The Goldboro Property has released some very encouraging drill results and will feed a super-efficient mill. They are awaiting more results of an ongoing aggressive drill program. They are guided by the real originator of the “Art of a Deal”, Jonathan Fitzgerald, who has some aces up his sleeve for 2019 and will be wheeling & dealing. I bought additional shares today of ANX for 22 cents.
On the Sixth Day of Christmas my true love gave to me 6 Geese a Laying. As luck would have it the geese were resting on a mountain in Japan. It turns out the property is owned by Irving Resources (IRV) named after a beloved cat who hates mailman … but has taking a liking to the Geese. Go figure!!! The company is owned by a savvy, bundle of dynamite, Akiko Levinson, who is partnered with a GEO you might have heard of, none other than Quinton Hennigh. If you haven’t heard of him you have no business investing in Juniors. Literally everything “Q” touches turn into Gold. A very tight share structure and an upcoming drill program in the Omu Mine, that produced awesome amounts of Gold, bode great things for 2019. I purchased shares today of IRV for $1.80. In past years I made a killing with this dynamic duo with Gold Canyon Resources. I am anticipating history repeating itself in 2019.
On the Seventh Day of Christmas my true love gave to me 7 Swans a Swimming. Luckily for me they were floating in a lake on a property in Elko, Arizona. This property holds massive amounts of Vanadium. The CEO, of First Vanadium (FVAN) Paul Cowley wrangled the property from the previous owners when Vanadium was $3 a pound. Now this “in vogue mineral” which strengthens steel and powers batteries presently commands $26 a pound. A soon to be released Pre-Feasibility Study promises exciting things in 2019. A very tight share structure adds to the allure. I purchased shares today of FVAN at 77 cents.
On the Eighth Day of Christmas my true love gave to me, 8 Maids a Milking. To my chagrin turns out the old bats were stumbling drunk and passed out in a mine owned by McEwen Mining (MUX). For those who don’t know CEO Rob McEwen, he is past leader of Goldcorp who went on to found this emerging powerhouse. Rob takes only a Dollar a year in salary, so he makes money only if the share price performs. I am expecting big things from this company when the Gold price shoots up. Shares today of MUX can be had for $1.79, a recent financing closed at $2.25 …only Rob can pull that off. His past successes bode well for future fortunes to be made in 2019. McEwen owns some excellent properties in some of the most mining friendly countries in the World.
On the Ninth Day of Christmas my true love gave to me 9 Ladies Dancing. Turns out they were dancing as they got into the spiked punch provided by 10 Lords. They stumbled upon a nice prospective piece of land in B.C. owned by Black Tusk Resources. A young management team known as “Da Boyz”, led by Richard Penn, who truly understands how to market, promote and raise capital. With only 20 Million shares outstanding and awaiting the results of a channel & sampling program from the old Slocum Mining District, TUSK is a sleeper at 22 cents.
On the Tenth Day of Christmas my true love gave to me 10 Lords a Leaping. As happen stance would have it, these guys came across the same spiked punch and passed out in pit located in the Dominican Republic. Fortunately, this property is owned by Precipitate Gold (PRG)and with the government waking up again to how important and crucial mining is for their economy. This makes the very nice prospective land package that CEO Jeff Wilson amassed adjacent to Barrick, seem like a game changer. The Dominican has been known to hold some epic Gold pockets and this sleeper, PRG can be had for 12 cents.
On the Eleventh Day of Christmas my true love gave to me 11 Pipers Piping. It seems they got hold of some spoiled eggnog and needed to rest and landed in pit in Guyana, South America. As fortune would have it, it is owned and operated by Sandspring Resources (SSP). With 10.4 Million ounces of Gold and being situated in an English speaking, very mining friendly jurisdiction along with some deep pocketed partners, this optionally play makes SSP an attractive purchase at 21 cents
On the Twelfth Day of Christmas my true love gave to me 12 Drummers Drumming. These guys it turns out got some moldy fruit cake from last year and they needed a place to rest and recoup in Chihauhau,Mexico on the property of Golden Goliath (GNG). CEO Paul Sorbara acquired this land over 30 years ago, he has recently sold similar property to Fresnillo and now has close to $2 million to drill. A land package that he has been hoping and waiting to drill for a long time. This sleeper company GNG can be had for 2 cents – (yes you read it right – 2 cents).
I would like to say, Merry Christmas from my family to yours. While 2018 has been a horrible for Junior Resource stocks, I believe 2019 will be the year when it all comes together. The price of Gold is closing in on on $1,270 and finally many key technical factors will kick in. Then certainly Gold will get some much needed and welcome wind in its sails. I can’t stress enough how fast and furious these Junior Miners can explode when the stars line up.The good Lord knows we have been waiting a long time and we will see the fruits of our patience rewarded bountifully in 2019. Mark my Words !!!
My website www.kdblueskymarketing.com hopefully will be a go to place for mining news and companies that I sniff out which are unloved, under-valued and prime for take-off in 2019.
In the 12 days of Christmas I have attempted to introduce some of the companies I believe in. I feel they are very under valued at this time. Some are sponsors of my website and hopefully, some will consider partnering with me to get the word out to a segment of the market which needs attention, support and most of all respect.
Kevin Dougan is an investor and close follower of the Junior Resource sector. I attend several trade shows a year and network and share info with some of the sharpest minds in the business. I AN NOT A FINANCIAL ADVISER. Please consult you own financial adviser when making investment decisions. If you would like to subscribe to my monthly FREE newsletter it is available on my home page at www.kdblueskymarketing.com
Merry Christmas & a Healthy, Wealthy 2019 to All
Michael Rowley, president and CEO of Group Ten Metals sits down with Maurice Jackson of Proven and Probable to discuss his companies exploration for platinum, palladium, nickel, copper and cobalt in the Stillwater area of Montana. Specifically, Mr. Rowley will address the latest press release regarding hybrid zone consisting of 14 target areas, 6 of which Higher-Grade ‘Reef Zones’ and 8 of which are large scale bulk tonnage “Platreef-Style’ Mineralization.
VIDEO
AUDIO
TRANSCRIPT
Original Source: https://www.streetwisereports.com/article/2018/12/27/exploring-for-pges-in-montana.html
Exploring for PGEs in Montana
Contributed Opinion
Source: Maurice Jackson for Streetwise Reports (12/27/18)
Michael Rowley, president and CEO of Group Ten Metals, speaks with Maurice Jackson of Proven and Probable about his company’s recent PGE discoveries in Montana and the similarities to projects in South Africa’s Platreef District.
Maurice Jackson: Joining us today is Michael Rowley, the president and CEO of Group Ten Metals Inc. (PGE:TSX.V; PGEZF:OTC), which is exploring for platinum, palladium, nickel, copper and cobalt in the Stillwater district of Montana.
Mr. Rowley, we have some exciting developments to discuss for current and perspective shareholders, but before we begin, for someone new to the story, who is Group Ten Metals and what is the thesis you’re attempting to prove?
Michael Rowley: Group Ten Metals is a growth stage company, focused on PGM, platinum group metals, plus nickel, copper, also cobalt, the so-called technology battery metals. We have polymetallic deposits as these things occur together; we’re focused primarily at the Stillwater West Project in Montana. We also have assets in the Yukon and a gold project in Ontario.
Maurice Jackson: Group Ten Metals just issued a press release announcing a new discovery hybrid zone and some targets at the Stillwater West. Multi-layered question, sir, can you update us on the Stillwater West, expand on the findings, and tell us what they mean moving forward?
Michael Rowley: Stillwater West is our newest project; we made our first acquisition there in 2017. It’s a remarkable land position and database in a truly world-class district. The Stillwater name, the district is synonymous with the richest palladium, platinum mines in the world, a staggering 90 million ounces in past production and current reserves producing from three mines at over half an ounce per ton, 16 grams per ton.
It’s platinum and palladium rich; palladium, of course, is very significant right now given that palladium is challenging gold as the most valuable precious metal. We are above and below Stillwater in this layered system and because of that we have not only the same potential for palladium and platinum, platinum group metals in general, but we also get to expand our target to these truly polymetallic things including nickel, copper, cobalt, palladium. We recently added to that list, also, rhodium, and we have some significant gold.
This is truly elephant country. It’s the biggest PGM deposit outside of South Africa and Russia and, of course, it was bought by Sibanye our neighbor for $2.2 billion in 2017. So we’re the only other player in the district. It’s a fantastic place to be, we’re very excited.
You brought up the most recent news release, December 17. The Hybrid Zone is one of our targets in the Chrome mountain area and an exciting new discovery. We mention up to 150 meters of mineralized intervals there in this new style of mineralization. What’s exciting is this has never been recognized in camp before and it ties into the Bushveld Complex of South Africa and, despite the known similarities between these districts, Stillwater has never been examined systematically for that potential.
So in a nutshell, we are taking the lessons learned at the Mogalakwena Mine and Ivanhoe’s Platreef project and applying them to the similar geology in Montana Stillwater in a way that nobody’s done before. I guess final point to wrap that up is the team that we’ve attracted includes a number of renowned experts on this type of deposit, but most recently David Broughton of Ivanhoe, so we’ve actually attracted expertise and talent of a world caliber on the project.
Maurice Jackson: Can you further expand on the new 14 target areas?
Michael Rowley: We have as a result of our efforts in 2018, being our first season on the ground, we’ve identified 14 target areas in Stillwater West, six of them fit the high-grade PGE reef type targets that the district is known for, in particular our neighbor Stillwater Sibanye Mines. However, 8 of the 14 targets are these newer Platreef style targets where we see potential for large-scale bulk-mineable disseminated sulfide mineralization of the types seen on the Platreef District of South Africa, and that’s in the basal zones and the lower ultramafic series in Stillwater.
And that’s the greater potential we see there for these hundred million ounce style PGE nickel/copper deposits, also cobalt actually, at Stillwater, and news flow will be ongoing in the coming weeks and months as we reveal the results of our work in 2018, and our plans for 2019.
Maurice Jackson: And what are the target commodities at the Stillwater?
Michael Rowley: It’s a true polymetallic system; the district itself is known for having the highest-grade palladium platinum lines in the world, and that is the three operating Stillwater mines that were bought by Sibanye in 2017, in our part of the district, in the lower part you can also add to that list gold, cobalt, and chrome are significant and we are recently finding indications of potentially significant vanadium and rhodium, you can add to that list as well.
So this suite of commodities, in particular the palladium, in light of what palladium is doing in the markets these days, positions Group Ten as one of very few options in terms of PGE investment opportunity for investors, especially if one included geography in that, being that we are outside of South Africa and Russia, in North America.
Maurice Jackson: Sir, what is the next unanswered question for Group Ten Metals, when should we expect results, and what determines success?
Michael Rowley: Good questions, news flow will be ongoing in the coming weeks, assays are coming in as we speak, we’re entering them into our models and planning our strategy around that, so we’re excited by what we see. I think the most exciting aspect of news is going to be the results of re-logging and modeling the more than 12,000 meters of core that we have in our possession, as we said earlier, no one has brought this land position together with the South African Platreef models, along with this physical core, so bringing these things together, and for the first time looking at this district systematically for the potential for these styles of deposits. It’s very exciting and I think the first quarter of 2019 you’ll see some very interesting news releases and materials along that line.
We will be at the major trade shows, we’ll have core on display at the January shows in Vancouver, and we’ll be at the PDAC in Toronto in March as well, and we look forward to seeing anybody and everybody there.
Maurice Jackson: Sir, we’ve covered the good, what keeps you up at tight that we don’t know about?
Michael Rowley: Well, frankly, our share price isn’t where I’d like it to be and I don’t think it reflects the potential of the company, that is of course seasonal and the juniors (miners) do generally get hit harder this time of year, however, gold has held up very nicely, and other commodities are following it, and the majors have moved up nicely. So I think we can expect a good rebound in 2019 from the mining sector, and from the juniors, and then, of course, there was also our own work, especially Stillwater I think will get some nice life, in addition to the rising tide, that floats all boats.
Maurice Jackson: Finally, what did I forget to ask?
Michael Rowley: Well, it’s not that you forgot to ask, but let’s revisit and touch on something we’ve talked about before, the fact that 75% of the world’s PGM metals come out of South Africa—this has been written up very well recently by the CMP group out of New York—a lot of those mines are facing closures, they’ve been underfunded for years, and this is expected to drive the platinum price substantially into the year 2020.
Palladium, of course, is already up and platinum is expected to follow. It’s worth noting, perhaps, that those are reef mines, they’re deep, they’re hot, they’re expensive, they’re dangerous, the mines of a Platreef, north of the Bushveld, are our current model with Stillwater, and those are highly economic and they keep producing, and that’s what we expect to bring to Stillwater for everyone’s benefit.
Maurice Jackson: Mr. Rowley for someone listening that wants to get more information on Group Ten Metals, what is the website address?
Michael Rowley: Website is grouptenmetals.com.
Maurice Jackson: And as a reminder, Group Ten Metals trades on the TXS.V:PGE, and on the OTCQB:PGEZF; for direct inquiries please contact Chris Ackerman at 604-357-4790 extension 1, or email info@grouptenmetals.com, as reminder Group Ten Metals is a sponsor of Proven and Probable, and we are proud shareholders for the virtues conveyed into today’s interview. Last but not least, please visit our website www.provenandprobable.com where we interview the most respected names in the natural resource space. You may reach us at contact@provenandprobable.com.
Michael Rowley of Group Ten Metals, thank you for joining us today on Proven and Probable.
Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.
Mr. Rowley, we have some exciting developments to discuss for current and perspective shareholders, but before we begin, for someone new to the story, who is Group Ten Metals and what is the thesis you’re attempting to prove?
Michael Rowley: Group Ten Metals is a growth stage company, focused on PGM, platinum group metals, plus nickel, copper, also cobalt, the so-called technology battery metals. We have polymetallic deposits as these things occur together; we’re focused primarily at the Stillwater West Project in Montana. We also have assets in the Yukon and a gold project in Ontario.
Maurice Jackson: Group Ten Metals just issued a press release announcing a new discovery hybrid zone and some targets at the Stillwater West. Multi-layered question, sir, can you update us on the Stillwater West, expand on the findings, and tell us what they mean moving forward?
Michael Rowley: Stillwater West is our newest project; we made our first acquisition there in 2017. It’s a remarkable land position and database in a truly world-class district. The Stillwater name, the district is synonymous with the richest palladium, platinum mines in the world, a staggering 90 million ounces in past production and current reserves producing from three mines at over half an ounce per ton, 16 grams per ton.
It’s platinum and palladium rich; palladium, of course, is very significant right now given that palladium is challenging gold as the most valuable precious metal. We are above and below Stillwater in this layered system and because of that we have not only the same potential for palladium and platinum, platinum group metals in general, but we also get to expand our target to these truly polymetallic things including nickel, copper, cobalt, palladium. We recently added to that list, also, rhodium, and we have some significant gold.
This is truly elephant country. It’s the biggest PGM deposit outside of South Africa and Russia and, of course, it was bought by Sibanye our neighbor for $2.2 billion in 2017. So we’re the only other player in the district. It’s a fantastic place to be, we’re very excited.
You brought up the most recent news release, December 17. The Hybrid Zone is one of our targets in the Chrome mountain area and an exciting new discovery. We mention up to 150 meters of mineralized intervals there in this new style of mineralization. What’s exciting is this has never been recognized in camp before and it ties into the Bushveld Complex of South Africa and, despite the known similarities between these districts, Stillwater has never been examined systematically for that potential.
So in a nutshell, we are taking the lessons learned at the Mogalakwena Mine and Ivanhoe’s Platreef project and applying them to the similar geology in Montana Stillwater in a way that nobody’s done before. I guess final point to wrap that up is the team that we’ve attracted includes a number of renowned experts on this type of deposit, but most recently David Broughton of Ivanhoe, so we’ve actually attracted expertise and talent of a world caliber on the project.
Maurice Jackson: Can you further expand on the new 14 target areas?
Michael Rowley: We have as a result of our efforts in 2018, being our first season on the ground, we’ve identified 14 target areas in Stillwater West, six of them fit the high-grade PGE reef type targets that the district is known for, in particular our neighbor Stillwater Sibanye Mines. However, 8 of the 14 targets are these newer Platreef style targets where we see potential for large-scale bulk-mineable disseminated sulfide mineralization of the types seen on the Platreef District of South Africa, and that’s in the basal zones and the lower ultramafic series in Stillwater.
And that’s the greater potential we see there for these hundred million ounce style PGE nickel/copper deposits, also cobalt actually, at Stillwater, and news flow will be ongoing in the coming weeks and months as we reveal the results of our work in 2018, and our plans for 2019.
Maurice Jackson: And what are the target commodities at the Stillwater?
Michael Rowley: It’s a true polymetallic system; the district itself is known for having the highest-grade palladium platinum lines in the world, and that is the three operating Stillwater mines that were bought by Sibanye in 2017, in our part of the district, in the lower part you can also add to that list gold, cobalt, and chrome are significant and we are recently finding indications of potentially significant vanadium and rhodium, you can add to that list as well.
So this suite of commodities, in particular the palladium, in light of what palladium is doing in the markets these days, positions Group Ten as one of very few options in terms of PGE investment opportunity for investors, especially if one included geography in that, being that we are outside of South Africa and Russia, in North America.
Maurice Jackson: Sir, what is the next unanswered question for Group Ten Metals, when should we expect results, and what determines success?
Michael Rowley: Good questions, news flow will be ongoing in the coming weeks, assays are coming in as we speak, we’re entering them into our models and planning our strategy around that, so we’re excited by what we see. I think the most exciting aspect of news is going to be the results of re-logging and modeling the more than 12,000 meters of core that we have in our possession, as we said earlier, no one has brought this land position together with the South African Platreef models, along with this physical core, so bringing these things together, and for the first time looking at this district systematically for the potential for these styles of deposits. It’s very exciting and I think the first quarter of 2019 you’ll see some very interesting news releases and materials along that line.
We will be at the major trade shows, we’ll have core on display at the January shows in Vancouver, and we’ll be at the PDAC in Toronto in March as well, and we look forward to seeing anybody and everybody there.
Maurice Jackson: Sir, we’ve covered the good, what keeps you up at tight that we don’t know about?
Michael Rowley: Well, frankly, our share price isn’t where I’d like it to be and I don’t think it reflects the potential of the company, that is of course seasonal and the juniors (miners) do generally get hit harder this time of year, however, gold has held up very nicely, and other commodities are following it, and the majors have moved up nicely. So I think we can expect a good rebound in 2019 from the mining sector, and from the juniors, and then, of course, there was also our own work, especially Stillwater I think will get some nice life, in addition to the rising tide, that floats all boats.
Maurice Jackson: Finally, what did I forget to ask?
Michael Rowley: Well, it’s not that you forgot to ask, but let’s revisit and touch on something we’ve talked about before, the fact that 75% of the world’s PGM metals come out of South Africa—this has been written up very well recently by the CMP group out of New York—a lot of those mines are facing closures, they’ve been underfunded for years, and this is expected to drive the platinum price substantially into the year 2020.
Palladium, of course, is already up and platinum is expected to follow. It’s worth noting, perhaps, that those are reef mines, they’re deep, they’re hot, they’re expensive, they’re dangerous, the mines of a Platreef, north of the Bushveld, are our current model with Stillwater, and those are highly economic and they keep producing, and that’s what we expect to bring to Stillwater for everyone’s benefit.
Maurice Jackson: Mr. Rowley for someone listening that wants to get more information on Group Ten Metals, what is the website address?
Michael Rowley: Website is grouptenmetals.com.
Maurice Jackson: And as a reminder, Group Ten Metals trades on the TXS.V:PGE, and on the OTCQB:PGEZF; for direct inquiries please contact Chris Ackerman at 604-357-4790 extension 1, or email info@grouptenmetals.com, as reminder Group Ten Metals is a sponsor of Proven and Probable, and we are proud shareholders for the virtues conveyed into today’s interview. Last but not least, please visit our website www.provenandprobable.com where we interview the most respected names in the natural resource space. You may reach us at contact@provenandprobable.com.
Michael Rowley of Group Ten Metals, thank you for joining us today on Proven and Probable.
Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.
1) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Group Ten Metals. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: Group Ten Metals is a sponsor of Proven and Probable. Proven and Probable disclosures are listed below.
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Bob Moriarty
Archives
Dec 24, 2018
On January 26th of this year I wrote that sentiment indicators derived from the DSI put out by Jake Bernstein indicated that an even dozen commodities/markets were about to turn. All twelve did. There was not a bit of magic or voodoo involved. I just used information that anyone could have read and come to the same conclusion. That’s why I wrote Nobody Knows Anything. There are no experts or gurus. If you learn to think for yourself and you have access to the right data, you can move the odds in your favor.
This time I am going to throw in some voodoo. As Tom McClellan has pointed out a number of times in the past, full moons tend to mark either turning points or where a commodity accelerates faster in the direction it has been moving. Let’s see if we have turns or acceleration higher and lower for these commodities. Saturday the 22nd of December showed a full moon and if it really does move markets we should see it now.
As measured by the DSI, T-Bond futures hit a high of 94 on the 19th of December. It’s been higher at other turns but with ten other commodities showing extremes of emotion that easily could have said a turn lower is at hand for T-Bonds. On the 21st of December both the S&P Index and the Nasdaq Index futures showed a value of 5. Again there have been turns in the past that went lower but both indexes are showing signs of fatigue and I suspect may be turning higher and want to join the party. The VIX hit 96 on Friday. You have to go back almost three years to find a higher reading so I believe the VIX is going to run lower from here.
The theory behind the DSI says nothing about the commodity involved, it’s not as if gold hits an extreme so silver has to. Commodities trade higher and lower and are rarely synchronized but the Canadian dollar futures hit a low of 9 and that may well mark a low. In the energy space Crude Light hit a low of 6 on the 18th of December while Heating Oil and Gasoline futures showed values of 7. Crude has been as low as 4 in the middle of November but for sure that wasn’t the low. Maybe the energy commodities are tired of crashing and are about to turn higher. Copper hit a low of 7 on the 18th as well and we will have to see if that marks a low or if it will accelerate lower.
In the soft commodities, cotton hit a value of 7 and if everything else with a low value wants to make a turn, I think cotton will as well. And since the CRB Index itself is a measure of commodities it showing a value of 8 on the 18th reflects a turn for a lot of commodities to move higher.
The DSI is not a magic bullet but it is one of the cheapest and most valuable tools an investor can use. I made my first trade in financial markets in early 1970 and in between then and now I have never seen anyone forecast a dozen commodities turning with accuracy. I managed it in January of this year with nothing but a chart of the DSI; let’s see how many of eleven I can get right this time.
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Bob Moriarty
President: 321gold
Archives
321gold Ltd
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James Pettit the President, CEO, and Director of Aben Resources sits down with Maurice Jackson of Proven and Probable to discuss the exciting final results of the 2018 drilling program on the Forrest Kerr Flagship Project located in the Golden Triangle of British Columbia. Mr. Pettit, provides a thorough analysis of this years drilling program. Equally important Mr. Pettit provides an update to current and prospective shareholders on the Justin Gold Project in the Yukon.
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AUDIO
https://soundcloud.com/proven-and-probable/aben-resources-2
TRANSCRIPT
Original Source: https://www.streetwisereports.com/article/2018/12/22/exploration-company-diversifies-with-three-canadian-projects.html
Source: Maurice Jackson for Streetwise Reports (12/22/18)
James Pettit, CEO of Aben Resources talks with Maurice Jackson of Proven and Probable about his company’s summer drill program in the Golden Triangle, as well as projects in the Yukon and Saskatchewan.
Maurice Jackson: Welcome to Proven and Probable. I’m your host, Maurice Jackson. Joining us today is James Pettit, the president, CEO and director of Aben Resources Ltd. (ABN:TSX.V; ABNAF:OTCQB). Mr. Pettit, welcome to the show, sir.
James Pettit: Thank you very much. Glad to be here.
Maurice Jackson: Mr. Pettit, we’re glad to have you back on the show. We have some exciting news coming out of your flagship project, the Forrest Kerr, which is located in the Golden Triangle of British Columbia. But before we proceed, for someone who is new to the story, who is Aben Resources and what is the thesis you’re attempting to prove?
James Pettit: Aben Resources is a gold exploration company. We basically have taken on some relatively new projects that at the same time are old. They just haven’t been worked for a long time but they all have a lot of data. Our flagship is the Forrest Kerr. We have a project in the Yukon called the Justin project and we have a project in Saskatchewan called the Chico project. Our project portfolio is based in Western Canada, which is a very good mining jurisdiction known to be a very safe, politically stable jurisdiction to work. Canada has a remarkable mining history and there are a number of discoveries from the past, and we have an extensive resource database available to us on our projects and properties culminated with our proven management and technical expertise.
Maurice Jackson: In our last interview, we discussed the discovery of a new boundary zone at the Forrest Kerr. Today we will discuss Aben Resources’ two most recent press releases regarding high-grade gold discoveries at the northern boundary of the Forrest Kerr and the final results of the 2018 program. Mr. Pettit, what can you share with us?
James Pettit: In our last discussion, Aben had moved the rig a kilometer and a half south of the North Boundary Zone from our initial discovery, and we drilled three holes and we issued press release regarding the results. We were very encouraged because we hit some very good mineralization, in broad zones of lower grade, which excited us because we know that may have been one degree or two degrees off to the north, south, east or west and we could have hit potentially what we had already discovered at the North Boundary Zone! This, in essence, tells us that the whole Boundary Zone in general is alive. We have identified extensive mineralization. We are in an area that’s two kilometers wide by about four kilometers long and everywhere we drill, we have been successful in hitting mineralization. The mineralization does varies from low grade to very high grade.
This year’s drill program to date has been very encouraging, we were able to see sections that are very high grade and in the surrounding area, as it either carries on or diminishes. As a reminder, at the very beginning of our program this year, we hit very high grade, 30 to 38 grams over 10 meters respectively. Thereafter, on our next 10 holes we drilled stepouts and we were continuing to hit some really good intersections consisting of a lot of lower grade interspersed within it. I’m talking 70 to 100 meters. As we get away, we’re now into the last two news releases that we’re going to talk about now and as we moved away from the high-grade North Boundary Zone, consisting of high-grade intercepts, they tend to diminish, instead of being 30 grams, there may be 5 to 14 grams and we also have intercepts that might be one to two meters wide and then they are surrounded by a lower grade that could be anywhere from 0.5 gram, 2, 3 grams.
We have broad intersections in most of the holes. Some of the holes, we didn’t hit anything. As I recall, two press release ago we published the results on holes 22 to 36. And now we have issued the results from holes 37 to 45 concluding this year’s drill program. Most of those holes were exactly indicating what I was referencing, very broad intersections of low grade with the occasional high-grade spike. That definitely has our interest. Because it tells us we are in an environment that’s extremely alive. We have the right rock package, in the right location, and we will continue with our efforts in 2019 to drill more.
A side note, all the drilling we’ve done since the initial discovery is oriented core drilling, which is a technique that allows us to understand the orientation, which is very important because it will indicate to us where to drill. Also, another side note, the reason we went to the South Boundary Zone for three holes is that we wanted to allow ourselves time to get some assays back to provide us information on the North Boundary Zone where the high-grade discovery was to give us an indication of where we should be drilling. So those three holes, although it was a side note, turned out to be extremely exciting for us because we know we can go down there and do a lot more drilling.
Current and prospective shareholders should note, on top of everything else, we have a lot more targets to work with in this total Boundary Zone that we haven’t conducted. The future is looking very bright for Aben Resources. We believe once we get all the data compiled from this year’s drill program, we’re going to be a lot smarter. We are permitted. We were hoping to have the pad location permits earlier in the season, which would have allowed us to move the drill around on new pads so that we get better angles and orientation, but that wasn’t the case. We got that permit after the season and it was delayed specifically because of the amount of fires we had in the area last year. The ministry stopped issuing permits, which was unfortunate, because that limited us to 10 pads. We now have 40 permits for 40 new pad locations, all pre-approved, and that will get us through the next few years.
Maurice Jackson: Mr. Pettit, how would you grade the 2018 season’s work and the results on the Forrest Kerr?
James Pettit: I would say the work so far to date has been very exceptional. We did discover a zone right out of the shoot and it was our number 1 target out of about 15 for this whole area and we’re still on it. That’s a big deal, because we discovered this essentially through the data compilation and a little additional field work that we conducted in 2017. We did come up with some success right away and we’re still there and it brought us to this very large zone, which was an old geochemical anomaly that was discovered back in the early 1980s and we’ve made it bigger. We have filled in some gaps. We are going to be doing a geophysical airborne survey with a drone early this coming season, that’ll probably be in May that will overlay everything we’re looking at. We’ve got several more targets to work with.
2018 really is the first season on concentrating on the boundary zone, and I would say with the data we’ve accumulated, it’s extremely good. I believe we have a lot ahead of us.
Maurice Jackson: Moving on to the remaining project portfolio. Can you please provide us with some updates on each of them respectively?
James Pettit: At our Justin property in the Yukon, very quietly, we have done some trenching and more soil sampling work up there this year, which actually started last year. We ended up with some really good results from golden soil, an anomaly and so we did a golden grain count where you actually extract the gold grains from a 30 kilograms bulk sample, and it came back incredibly high, approximately 1,200 gold gains. They were jagged, meaning they’re pristine, indicating they haven’t traveled very far through glaciation. So we’re sitting on what we feel is very close to or on top of the source.
Select Coarse Gold Grains from Justin Project, Lost Ace Zone, Yukon
We went in this year with a small mechanical excavator that we took up by helicopter and we did some excavating and channel sampling throughout that whole area. Specifically, two targets were 125 meters apart. Both targets had a tremendous amount of coarse and visible gold in the soils and what you extract from the channel samples. So we sent in a lot of assays. Those results are expected very soon. They may in fact be in the hands of the geo right now. Aben will be coming out with some information on that in the near future. You can see some of the gold analysis on our website. We have visible gold on the website from the Justin project. It’s pretty incredible. We may have an extension of Golden Predators’ 3 Aces project, which is very high-grade gold, and that ties in nicely with what we drilled several years ago back in 2012 on that property. We may very well have an intrusion related gold system, which is generally lower grade, but large like Fort Knox or Virginia Gold.
These are very structurally controlled elements. They can prove to be very large, but we seem to have an overprinting of two different mineralizations happening because they’re very close to each other. So this is exciting for us. We’re going to spend more time and effort up there in the offseason for Forrest Kerr. We can probably get up there hopefully by March even though it’s in the Yukon, the project is located inland and to the east. So it’s away from the coast where you get some tremendous weather that is not conducive to doing any work.
In Saskatchewan, the Chico project is drill ready. We have some final negotiations that have been tied up. Everything’s looking good with the local native group. We should be good to go late February, early March there.
We expect to have a good drill program, probably no more than 10 holes, but we know where to drill. That was all set up last year and it’s following a model that SSR, which used to be Silver Standard, is doing on our northern boundaries. It has a very large program going on there because the company bought Claude Resources, which had the Seabee Mine and the Seabee and Santoy deposits in its property, right down to the Chico and it’s doing 40,000 meters of drilling. Half of that is for exploration, to increase the resource so it can keep the mine open for an additional 10 years or whatever it’s planning. But we’re following its exploration model as well.
In fact, I think basically this year was good enough that we raised the money we need to probably do everything we want. We may do another smaller financing next year, but we’re well positioned with cash. We’ve got $6 million in the till and that was raised at higher prices during the season this year, 30 cents and 45 cents (CAD).
Maurice Jackson: Well, that’s very encouraging to hear. Switching gears, the value proposition for Aben Resources in our view has only improved as management continues to meet and/or exceed timelines and goals with very positive results. Yet the share price has responded counterintuitively. What would you like to tell current and prospective shareholders regarding the stock price?
James Pettit: The reason I want to advance the Justin and the Chico projects is to keep that cyclical event from happening because if you look at the chart, you can see it. Last summer, big spike in share price and by the end of October the season is up in the Golden Triangle. It’s a very, very severe winter. It’s high altitude and it’s coastal mountains and you can get 30 to 40 feet of snow. So you’re not doing anything up there and you got to get out and that also coincides, like it or not, with tax-loss selling. So if you only have the one project, then you’re really going to subject yourself to this cyclical nature and the best time to buy the stock has always been November. Then you hold it and wait until you get going again, but what we’re doing is adding in these other two projects, which are going to add some life and I think you’re seeing it right now.
The stock did not come all the way down the way it did last year. As a matter of fact, I think I’m starting to see it bounce a little bit because tax-loss selling is pretty much over and I wouldn’t be surprised at all if you see this stock back up in where it should be, in the twenties.
Maurice Jackson: Mr. Pettit, can you please share the last time you purchased shares and at what price?
James Pettit: The last time would have been a financing, last year, 18 months ago. I just took down the warrants on that one. I didn’t sell anything. As a matter of fact, I’ve never sold anything. It was probably at 12 cents.
Maurice Jackson: For the record, we’re looking to continue to add to our position in Aben Resources in the near future as we like the proposition before us at the current share price. Before we close, Mr. Pettit, multilayered question, what is the next unanswered question for Aben Resources and when should we expect results and what determines success?
James Pettit: Well, the next unanswered question is when can we get back in there to do more work and that’s going to be next June, if not sooner. I think going forward in the immediate future, what’s on the horizon and that’s going to be the Justin project.
Maurice Jackson: Mr. Pettit, we’ve covered the good. What keeps you up at night that we don’t know about?
James Pettit: Well, right now, I’m starting to like gold. The gold price kept me awake for a while. This was what was going on for gold and I think we’re seeing a bit of relief and that’s a consequence of other external factors, macro, and I think we’re going to be looking at probably a good year for gold. But that has traditionally been what what’s kept me awake is the fear of gold dropping more and it’s actually held beautifully, I think.
Maurice Jackson: I would agree with that sentiment, sir. Finally, what did I forget to ask?
James Pettit: I think you got it. To be honest with you, I think you’ve got everything.
Maurice Jackson: Well, Mr. Pettit, for someone listening that wants to get more information on Aben Resources, please share the website address.
James Pettit: www.abenresources.com.
Maurice Jackson: As a reminder, Aben Resources trades on the TSX.V, symbol ABN, and on the OTCQB, symbol ABNAF. For direct inquiries, please contact Don Meyers at 604-639.3851. He may also be reached at info@abenresources.com.
As a reminder, Aben Resources is a sponsor of Proven and Probable. We are proud shareholders for the virtues conveyed in today’s message. Last but not least, please visit our website www.provenandprobable.com where we interview the most respected names in the natural resource space. You may reach us at contact@provenandprobable.com.
James Pettit of Aben Resources, thank you for joining us today on Proven and Probable. Thank you for joining us today on Proven and Probable.
Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.
James Pettit: Thank you very much. Glad to be here.
Maurice Jackson: Mr. Pettit, we’re glad to have you back on the show. We have some exciting news coming out of your flagship project, the Forrest Kerr, which is located in the Golden Triangle of British Columbia. But before we proceed, for someone who is new to the story, who is Aben Resources and what is the thesis you’re attempting to prove?
James Pettit: Aben Resources is a gold exploration company. We basically have taken on some relatively new projects that at the same time are old. They just haven’t been worked for a long time but they all have a lot of data. Our flagship is the Forrest Kerr. We have a project in the Yukon called the Justin project and we have a project in Saskatchewan called the Chico project. Our project portfolio is based in Western Canada, which is a very good mining jurisdiction known to be a very safe, politically stable jurisdiction to work. Canada has a remarkable mining history and there are a number of discoveries from the past, and we have an extensive resource database available to us on our projects and properties culminated with our proven management and technical expertise.
Maurice Jackson: In our last interview, we discussed the discovery of a new boundary zone at the Forrest Kerr. Today we will discuss Aben Resources’ two most recent press releases regarding high-grade gold discoveries at the northern boundary of the Forrest Kerr and the final results of the 2018 program. Mr. Pettit, what can you share with us?
James Pettit: In our last discussion, Aben had moved the rig a kilometer and a half south of the North Boundary Zone from our initial discovery, and we drilled three holes and we issued press release regarding the results. We were very encouraged because we hit some very good mineralization, in broad zones of lower grade, which excited us because we know that may have been one degree or two degrees off to the north, south, east or west and we could have hit potentially what we had already discovered at the North Boundary Zone! This, in essence, tells us that the whole Boundary Zone in general is alive. We have identified extensive mineralization. We are in an area that’s two kilometers wide by about four kilometers long and everywhere we drill, we have been successful in hitting mineralization. The mineralization does varies from low grade to very high grade.
This year’s drill program to date has been very encouraging, we were able to see sections that are very high grade and in the surrounding area, as it either carries on or diminishes. As a reminder, at the very beginning of our program this year, we hit very high grade, 30 to 38 grams over 10 meters respectively. Thereafter, on our next 10 holes we drilled stepouts and we were continuing to hit some really good intersections consisting of a lot of lower grade interspersed within it. I’m talking 70 to 100 meters. As we get away, we’re now into the last two news releases that we’re going to talk about now and as we moved away from the high-grade North Boundary Zone, consisting of high-grade intercepts, they tend to diminish, instead of being 30 grams, there may be 5 to 14 grams and we also have intercepts that might be one to two meters wide and then they are surrounded by a lower grade that could be anywhere from 0.5 gram, 2, 3 grams.
We have broad intersections in most of the holes. Some of the holes, we didn’t hit anything. As I recall, two press release ago we published the results on holes 22 to 36. And now we have issued the results from holes 37 to 45 concluding this year’s drill program. Most of those holes were exactly indicating what I was referencing, very broad intersections of low grade with the occasional high-grade spike. That definitely has our interest. Because it tells us we are in an environment that’s extremely alive. We have the right rock package, in the right location, and we will continue with our efforts in 2019 to drill more.
A side note, all the drilling we’ve done since the initial discovery is oriented core drilling, which is a technique that allows us to understand the orientation, which is very important because it will indicate to us where to drill. Also, another side note, the reason we went to the South Boundary Zone for three holes is that we wanted to allow ourselves time to get some assays back to provide us information on the North Boundary Zone where the high-grade discovery was to give us an indication of where we should be drilling. So those three holes, although it was a side note, turned out to be extremely exciting for us because we know we can go down there and do a lot more drilling.
Current and prospective shareholders should note, on top of everything else, we have a lot more targets to work with in this total Boundary Zone that we haven’t conducted. The future is looking very bright for Aben Resources. We believe once we get all the data compiled from this year’s drill program, we’re going to be a lot smarter. We are permitted. We were hoping to have the pad location permits earlier in the season, which would have allowed us to move the drill around on new pads so that we get better angles and orientation, but that wasn’t the case. We got that permit after the season and it was delayed specifically because of the amount of fires we had in the area last year. The ministry stopped issuing permits, which was unfortunate, because that limited us to 10 pads. We now have 40 permits for 40 new pad locations, all pre-approved, and that will get us through the next few years.
Maurice Jackson: Mr. Pettit, how would you grade the 2018 season’s work and the results on the Forrest Kerr?
James Pettit: I would say the work so far to date has been very exceptional. We did discover a zone right out of the shoot and it was our number 1 target out of about 15 for this whole area and we’re still on it. That’s a big deal, because we discovered this essentially through the data compilation and a little additional field work that we conducted in 2017. We did come up with some success right away and we’re still there and it brought us to this very large zone, which was an old geochemical anomaly that was discovered back in the early 1980s and we’ve made it bigger. We have filled in some gaps. We are going to be doing a geophysical airborne survey with a drone early this coming season, that’ll probably be in May that will overlay everything we’re looking at. We’ve got several more targets to work with.
2018 really is the first season on concentrating on the boundary zone, and I would say with the data we’ve accumulated, it’s extremely good. I believe we have a lot ahead of us.
Maurice Jackson: Moving on to the remaining project portfolio. Can you please provide us with some updates on each of them respectively?
James Pettit: At our Justin property in the Yukon, very quietly, we have done some trenching and more soil sampling work up there this year, which actually started last year. We ended up with some really good results from golden soil, an anomaly and so we did a golden grain count where you actually extract the gold grains from a 30 kilograms bulk sample, and it came back incredibly high, approximately 1,200 gold gains. They were jagged, meaning they’re pristine, indicating they haven’t traveled very far through glaciation. So we’re sitting on what we feel is very close to or on top of the source.
Select Coarse Gold Grains from Justin Project, Lost Ace Zone, Yukon
We went in this year with a small mechanical excavator that we took up by helicopter and we did some excavating and channel sampling throughout that whole area. Specifically, two targets were 125 meters apart. Both targets had a tremendous amount of coarse and visible gold in the soils and what you extract from the channel samples. So we sent in a lot of assays. Those results are expected very soon. They may in fact be in the hands of the geo right now. Aben will be coming out with some information on that in the near future. You can see some of the gold analysis on our website. We have visible gold on the website from the Justin project. It’s pretty incredible. We may have an extension of Golden Predators’ 3 Aces project, which is very high-grade gold, and that ties in nicely with what we drilled several years ago back in 2012 on that property. We may very well have an intrusion related gold system, which is generally lower grade, but large like Fort Knox or Virginia Gold.
These are very structurally controlled elements. They can prove to be very large, but we seem to have an overprinting of two different mineralizations happening because they’re very close to each other. So this is exciting for us. We’re going to spend more time and effort up there in the offseason for Forrest Kerr. We can probably get up there hopefully by March even though it’s in the Yukon, the project is located inland and to the east. So it’s away from the coast where you get some tremendous weather that is not conducive to doing any work.
In Saskatchewan, the Chico project is drill ready. We have some final negotiations that have been tied up. Everything’s looking good with the local native group. We should be good to go late February, early March there.
We expect to have a good drill program, probably no more than 10 holes, but we know where to drill. That was all set up last year and it’s following a model that SSR, which used to be Silver Standard, is doing on our northern boundaries. It has a very large program going on there because the company bought Claude Resources, which had the Seabee Mine and the Seabee and Santoy deposits in its property, right down to the Chico and it’s doing 40,000 meters of drilling. Half of that is for exploration, to increase the resource so it can keep the mine open for an additional 10 years or whatever it’s planning. But we’re following its exploration model as well.
In fact, I think basically this year was good enough that we raised the money we need to probably do everything we want. We may do another smaller financing next year, but we’re well positioned with cash. We’ve got $6 million in the till and that was raised at higher prices during the season this year, 30 cents and 45 cents (CAD).
Maurice Jackson: Well, that’s very encouraging to hear. Switching gears, the value proposition for Aben Resources in our view has only improved as management continues to meet and/or exceed timelines and goals with very positive results. Yet the share price has responded counterintuitively. What would you like to tell current and prospective shareholders regarding the stock price?
James Pettit: The reason I want to advance the Justin and the Chico projects is to keep that cyclical event from happening because if you look at the chart, you can see it. Last summer, big spike in share price and by the end of October the season is up in the Golden Triangle. It’s a very, very severe winter. It’s high altitude and it’s coastal mountains and you can get 30 to 40 feet of snow. So you’re not doing anything up there and you got to get out and that also coincides, like it or not, with tax-loss selling. So if you only have the one project, then you’re really going to subject yourself to this cyclical nature and the best time to buy the stock has always been November. Then you hold it and wait until you get going again, but what we’re doing is adding in these other two projects, which are going to add some life and I think you’re seeing it right now.
The stock did not come all the way down the way it did last year. As a matter of fact, I think I’m starting to see it bounce a little bit because tax-loss selling is pretty much over and I wouldn’t be surprised at all if you see this stock back up in where it should be, in the twenties.
Maurice Jackson: Mr. Pettit, can you please share the last time you purchased shares and at what price?
James Pettit: The last time would have been a financing, last year, 18 months ago. I just took down the warrants on that one. I didn’t sell anything. As a matter of fact, I’ve never sold anything. It was probably at 12 cents.
Maurice Jackson: For the record, we’re looking to continue to add to our position in Aben Resources in the near future as we like the proposition before us at the current share price. Before we close, Mr. Pettit, multilayered question, what is the next unanswered question for Aben Resources and when should we expect results and what determines success?
James Pettit: Well, the next unanswered question is when can we get back in there to do more work and that’s going to be next June, if not sooner. I think going forward in the immediate future, what’s on the horizon and that’s going to be the Justin project.
Maurice Jackson: Mr. Pettit, we’ve covered the good. What keeps you up at night that we don’t know about?
James Pettit: Well, right now, I’m starting to like gold. The gold price kept me awake for a while. This was what was going on for gold and I think we’re seeing a bit of relief and that’s a consequence of other external factors, macro, and I think we’re going to be looking at probably a good year for gold. But that has traditionally been what what’s kept me awake is the fear of gold dropping more and it’s actually held beautifully, I think.
Maurice Jackson: I would agree with that sentiment, sir. Finally, what did I forget to ask?
James Pettit: I think you got it. To be honest with you, I think you’ve got everything.
Maurice Jackson: Well, Mr. Pettit, for someone listening that wants to get more information on Aben Resources, please share the website address.
James Pettit: www.abenresources.com.
Maurice Jackson: As a reminder, Aben Resources trades on the TSX.V, symbol ABN, and on the OTCQB, symbol ABNAF. For direct inquiries, please contact Don Meyers at 604-639.3851. He may also be reached at info@abenresources.com.
As a reminder, Aben Resources is a sponsor of Proven and Probable. We are proud shareholders for the virtues conveyed in today’s message. Last but not least, please visit our website www.provenandprobable.com where we interview the most respected names in the natural resource space. You may reach us at contact@provenandprobable.com.
James Pettit of Aben Resources, thank you for joining us today on Proven and Probable. Thank you for joining us today on Proven and Probable.
Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.
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Disclosure:
1) James Pettit: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Aben Resources. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: Aben Resources.
2) Maurice Jackson: I, or members of my immediate household or family, own shares of the following companies mentioned in this article: Aben Resources. I personally am, or members of my immediate household or family are, paid by the following companies mentioned in this article: None. My company has a financial relationship with the following companies mentioned in this article: Aben Resources is a sponsor of Proven and Probable. Proven and Probable disclosures are listed below.
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