Creamer Media Mining Weekly
Breaking News out of South Africa, with huge implications on Platinum Group Elements! ! !
Proven ProbableCategory: Junior Mining
Mining.com
“Our first pass analysis is that group [earnings before interest, tax, depreciation and amortization] could decline by 15%, before allowing for any potential price increases as a result of the reduced supply,” Edward Sterck, analyst at BMO Capital Markets, said in a note to investors.
“However, PGM prices are running well above our base case forecasts and it seems likely that production cuts of these magnitudes are likely to stimulate further positive price responses,” Sterck wrote.
Oroco Resources (TSX.V: OCO | OTC: ORRCF)
“The Altamura acquisition completes a highly accretive process for Oroco and its shareholders,” commented Craig Dalziel, the Oroco CEO. “We are now able to fully focus on the development of a significant geological asset which brings with it a very positive local community relationship; exceptional supporting infrastructure; an eager and capable local workforce; and clearly supportive local, regional and federal government agencies. The future for Santo Tomás and the surrounding communities is very bright.”
Oroco Resource Corp.
Suite 1201-1166 Alberni Street Vancouver, BC V6E 3Z3
Tel: 604.688.6200
info@orocoresourcecorp.com
Novo Resources (TSX.V: NVO | OTCQX: NSRPF)
“Eric has been part of the Novo story from the beginning,” commented Dr. Quinton Hennigh, President and Chairman of Novo. “He has been there every time we needed financing, and more recently, has provided direct support and guidance as a director during Novo’s recent ascent to becoming one of the foremost gold explorers in the mining industry. It takes vision to do all that Novo has done, and Eric has played an invaluable part. I am truly appreciative of all of the support and guidance he has provided me and the Company over the years.”
Investor Relations:
Leo Karabelas, VP of Corporate Communications
Telephone: (416) 543-3120
E-mail: leo@novoresources.com
Eclipse Gold Mining (TSX.V: EGLD)
“We are extremely proud of the investment opportunity we have created and would like to thank the team of individuals who made this day possible.” stated Eclipse’s President and CEO, Michael G. Allen. “In addition, we are thrilled to welcome Dr. Warwick Board as Vice President of Exploration for the Company. Dr. Board has over 22 years of global mineral exploration experience and I look forward to working with him and the team on our Hercules Gold Property.”
Contact Eclipse Gold Mining:
Dylan Berg, VP, Investor Relations
Main: 778 945 3955
John Hathaway of Senior Portfolio Manager at Sprott has just release a special update. Great read!
LABRADOR GOLD
(TSX.V: LAB | OTCQX: NKOSF)
Press Release
https://youtu.be/JbERstqSxUo
Roger Moss, President and CEO, stated: “We are very happy to continue our relationship with Shawn and work together to discover more gold along the same structural trend that hosts the recent New Found Gold Discovery. We believe this area has great potential for the discovery of orogenic gold deposits associated with deep seated structures. Work already completed on the licenses to date indicates significant gold anomalies in till, vegetation and soil samples along the extension of the Appleton fault zone. We intend to systematically explore this very prospective trend during 2020 to delineate drill targets.”
Contact Details for Labrador Gold:
Telephone: 416.704.8291
Email: info@labradorgold.com
Group Ten Metals Inc.
(TSX:V: PGE | OTCQB: PGEZF)
President & CEO, Michael Rowley, stated, “We very much appreciate the strong, ongoing support from our long-term shareholders who, with these warrant exercises, have demonstrated clear recognition of the potential of our high-quality assets and world-class teams. The Company is now well-positioned for growth with a healthy balance sheet and 100% interest in a portfolio of high-potential, district-scale exploration properties in proven mining districts which were acquired strategically through the low part of the metal price cycle. We look forward to further news releases in the coming weeks as we continue to release results from our 2019 programs and announce our plans for the year ahead, in particular with respect to our flagship Stillwater West PGE-Ni-Cu project in Montana, USA.”
Contact Group Ten Metals:
Tel: +1 (604) 357-4790
Email: info@grouptenmetals.com
https://youtu.be/gcDYOE0ICrU
Skyharbour Resources
(TSX.V: SYH | OTCQB: SYHBF)
Mr. Gallucci stated: “I am excited to join the Board of Directors and begin working with management and the team at Skyharbour Resources. In my previous roles in mining capital markets, uranium was a key component of the mining franchises I oversaw. I believe Uranium has a key role to play in the global energy picture as we continue to pursue alternative energy sources, and global electrification. Further, Skyharbour is well positioned in the Athabasca basin, which is one of the most significant uranium rich jurisdictions in the world. I am looking forward to contributing to the Company’s growth and success.”
For more details on SYH contact:
Jordan Trimble | CEO
jtrimble@skyharbourltd.com |Telephone: 604-639-3856
Or:
Simon Dyakowski |Corporate Development and Communications
Telephone: 604-639-3850 | Email:info@skyharbourltd.com