I wrote an important piece last week. Here is a response from one of the trucker supporters married to a banker.
“If the best run and most financed bank in the world has a bank run, they close the doors. Well, the entire banking system in Canada froze and the real reason Trudeau and Freeland did a 180 degree turn overnight was because they were told by the banks that unless Trudeau wanted to kill the entire economy of Canada, they had to cut out the stupid shit.”
Yup. I was there in the trenchs and my sweet Beryl, teller at the CIBC, was shell shocked. She’d never seen that much money go out the door. I live in a very upper middle class/rich neighbourhood and people were walking in and demanding 20K or 50K and their USD. It was awesome and it scared the shit out of the banks. Accounts were being closed, investment accounts moved, RSPs transferred.
The truckers lit the fire, the bank run turned it into an inferno.
I wrote Bill back and asked if I could repost what he said.
Absolutely.
To add a bit of flavour. I wanted to pull USD from my USD account. The branch had to order the cash. Fair ball. But poor Beryl had to go four days with “Well, things are slow at the cash place.” “Covid, they are short staffed.”
I love Beryl. I had to tell her I would be “annoyed” if the cash did not get in next business day. It did. So I was able to tell Beryl I was delighted and would not have to parade in front of the bank with my sign, “Where’s my money?”
She was relieved.
A lot of Canadians drained their accounts or closed them altogether. It was quiet but it was very, very, effective.
You can think you have all the power in the world but when you are wrong it can get expensive. Trudeau and Freeland didn’t have the power they thought they had.
Wait until the world wakes up to the stupidity of the US and EU loading Russia up with sanctions. They just blew up the entire paper money system. It will destroy the Euro first, then the bond market and then the dollar. When you fire any weapon there is always blowback.
February 24, 2022 – Vancouver, BC: Riverside Resources Inc.(“Riverside” or the “Company”) (TSX-V: RRI) (OTCQB: RVSDF) (FSE: 5YY), is pleased to report it has signed an agreement with Agnico Eagle Mines Limited (TSX:AEM) for the sale of the Pima Property located in Sonora, Mexico, where Riverside will receive cash and completes the pass through royalty transfer with Millrock Resources Inc (TSV:MRO). The Pima Project is part of the Santa Teresa Gold Mining District which includes the Santa Gertrudis Gold Mine owned by Agnico Eagle. The Pima mineral concession is located inside Agnico’s property tenure and south of the known mine operation. Acquiring the Pima project allows Agnico to consolidate another part of its property concession and provides cash to Riverside. As a reminder, this project was originally added to Riverside’s portfolio as part of the 2019 purchase of the Millrock’s set of 5 (five) assets that included the Cuarentas and La Union projects (see press release September 11, 2019). This current transaction with Agnico allows Riverside to recover the amount of the Millrock transaction with profit and pass on the royalty to Millrock who has been a positive partner with the Company in Mexico.Riverside is now focusing on its 100% owned projects within its portfolio, including the Cuarentas Gold Project, which is located southeast of Agnico’s property and where drilling in 2021 discovered gold in intermediate sulfidation veins. Riverside plans to progress further work at the Cuarentas project in 2022. About Riverside Resources Inc.: Riverside is a well-funded exploration company driven by value generation and discovery. The Company has over $4.5M in cash, no debt and less than 75M shares outstanding with a strong portfolio of gold-silver and copper assets and royalties in North America. Riverside has extensive experience and knowledge operating in Mexico and Canada and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has properties available for option, with information available on the Company’s website at www.rivres.com.
ON BEHALF OF RIVERSIDE RESOURCES INC.
“John-Mark Staude”
Dr. John-Mark Staude, President & CEO
For additional information contact:John-Mark Staude President, CEO Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 Fax: (778) 327-6675 Web: www.rivres.comRaffi Elmajian Corporate Communications Riverside Resources Inc. relmajian@rivres.com Phone: (778) 327-6671 TF: (877) RIV-RES1 Web: www.rivres.comCertain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.
Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.The Communications Team Riverside Resources Inc. info@rivres.com Phone: (778) 327-6671 x 312 Toll Free: 1-877-RIV-RES1 (748-7371) Web: www.rivres.com
VANCOUVER, British Columbia, Feb. 23, 2022 (GLOBE NEWSWIRE) — Rover Metals Corp. (TSXV: ROVR) (OTCQB: ROVMF) (FSE:4XO) (“Rover” or the “Company”) is pleased to report, that further to its release on January 13, 2022, the gold mineralization at the Andrew Zone does extend past the primary sulfide intervals in the drill core. The Company has received its new December 2021 samples back from the lab and is pleased to be reporting longer mineralized intervals at the Andrew Zone South, and Andrew Zone North.
Andrew Zone South The Company is now reporting significant intervals of:
7.4m of 1.64 g/t Au (from 63.1m to 70.5m) at hole CL-21-25, or an increase of approximately 5m to the previously reported interval;
2.3m of 1.21 g/t Au (from 53.0m to 55.3m) closer to surface in hole CL-21-25;
4.5m of 2.62 g/t Au (from 50.4m to 55.1m) at hole CL-21-24 (which previously reported 3.9m of 2.91 g/t Au);
The updated cross-sections for holes CL-21-24 and CL-21-25 will be available on Rover’s website in the coming days.
Andrew Zone North The Company is now reporting a significant interval of:
6.4m of 1.88 g/t Au (from 37.6m to 44.0m) at hole CL-21-29, or an increase of approximately 3m to the previously reported interval
Judson Culter, CEO at Rover Metals, states, “the Andrew Zone has a surface strike length of approximately 800m from south to north, and is open at depth. Follow-up drilling is needed to further delineate this zone at depth.”
Updated Tables of Significant Drill Results
Hole
Sample ID
From
To
Interval
Au g/t
Zone
CL-21-24
Y031579
50.37
51.00
0.63
0.78
Andrew South
CL-21-24
V748102
51.00
51.50
0.50
2.77
Andrew South
CL-21-24
V748103
51.50
52.01
0.51
0.15
Andrew South
CL-21-24
V748104
52.01
52.76
0.75
1.57
Andrew South
CL-21-24
V748105
52.76
53.10
0.34
3.63
Andrew South
CL-21-24
V748106
53.10
53.41
0.31
5.16
Andrew South
CL-21-24
V748107
53.41
53.80
0.39
1.79
Andrew South
CL-21-24
V748108
53.80
54.20
0.40
3.57
Andrew South
CL-21-24
V748109
54.45
54.77
0.32
6.11
Andrew South
CL-21-24
V748110
54.77
55.12
0.35
4.93
Andrew South
Hole
Sample ID
From
To
Interval
Au g/t
Zone
CL-21-25
V748125
53.00
53.45
0.45
1.64
Andrew South
CL-21-25
Y031568
53.45
53.96
0.51
0.22
Andrew South
CL-21-25
Y031569
53.96
54.72
0.76
1.95
Andrew South
CL-21-25
Y031570
54.72
55.26
0.54
0.75
Andrew South
CL-21-25
Y031571
63.07
63.51
0.44
0.06
Andrew South
CL-21-25
Y031572
63.51
63.95
0.44
3.39
Andrew South
CL-21-25
V748126
63.95
64.25
0.30
0.73
Andrew South
CL-21-25
Y031577
64.25
64.80
0.58
0.30
Andrew South
CL-21-25
Y031573
64.80
65.42
0.62
1.17
Andrew South
CL-21-25
V748127
65.42
65.88
0.46
1.72
Andrew South
CL-21-25
V748128
65.88
66.18
0.30
0.22
Andrew South
CL-21-25
V748129
66.18
66.58
0.40
2.16
Andrew South
CL-21-25
Y031574
66.58
67.09
0.51
0.18
Andrew South
CL-21-25
V748130
67.09
67.39
0.30
4.01
Andrew South
CL-21-25
V748131
67.39
67.76
0.37
0.41
Andrew South
CL-21-25
Y031575
67.76
68.00
0.24
0.12
Andrew South
CL-21-25
V748132
68.00
68.35
0.35
0.50
Andrew South
CL-21-25
V748133
68.35
68.68
0.33
0.64
Andrew South
CL-21-25
V748134
68.68
68.98
0.30
1.59
Andrew South
CL-21-25
V748135
68.98
69.68
0.70
4.27
Andrew South
CL-21-25
V748136
69.82
70.12
0.30
1.07
Andrew South
CL-21-25
V748137
70.12
70.46
0.34
5.55
Andrew South
Hole
Sample ID
From
To
Interval
Au g/t
Zone
CL-21-29
V748153
37.60
38.00
0.40
2.72
Andrew North
CL-21-29
V748154
38.00
38.40
0.40
4.75
Andrew North
CL-21-29
V748155
38.4
38.70
0.30
1.18
Andrew North
CL-21-29
V748156
38.70
39.10
0.40
4.83
Andrew North
CL-21-29
Y031583
39.10
39.37
0.27
0.39
Andrew North
CL-21-29
V748158
39.37
39.71
0.34
1.31
Andrew North
CL-21-29
V748159
39.71
40.09
0.38
5.61
Andrew North
CL-21-29
V748160
40.09
40.39
0.30
4.43
Andrew North
CL-21-29
V748161
40.39
40.82
0.43
0.60
Andrew North
CL-21-29
Y031589
40.82
41.70
0.88
1.06
Andrew North
CL-21-29
V748162
41.70
42.01
0.31
1.48
Andrew North
CL-21-29
Y031589
42.01
42.25
0.24
1.06
Andrew North
CL-21-29
V748165
42.97
43.37
0.40
0.92
Andrew North
CL-21-29
Y031585
43.37
44.00
0.63
0.47
Andrew North
Drill core is cut with half sent to ALS Global Laboratories (ALS) for crushing to <2 mm with 250 g split pulverized to -75 µm (200#). ALS is an ISO 17025 accredited laboratory. A 30g change is fire assayed and analysed using AAS finish for Gold.
True thickness of the intervals reported herein have not been calculated, therefore, all intervals are reported as drill core intervals and should be considered apparent thicknesses. Program gold averages are reported at weighed averages.
Technical information in this news release has been approved by David White, P.Geo., Technical Advisor of Rover and a Qualified Person for the purposes of National Instrument 43-101.
About Rover Metals Rover is a precious metals exploration company specialized in North American precious metal resources that is currently advancing the gold potential of its existing projects in the Northwest Territories of Canada (60th parallel). The Company completed Phase 2 Exploration at its 100% owned Cabin Gold Project (“Cabin”) in 2021. The Company’s secondary asset, the Up Town Gold Project (for which it retains a 25% ownership interest), also saw the completion of Phase 2 Exploration Drilling in Q4-2021, and the results are expected in Q1-2022. The Company anticipates commencing its Phase 3 Exploration Program at Cabin in March of this year.
ON BEHALF OF THE BOARD OF DIRECTORS “Judson Culter” Chief Executive Officer and Director
For further information, please contact: Email: info@rovermetals.com Phone: +1 (778) 754-2617
Statement Regarding Forward-Looking Information
This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Rover’s actual results, performance or achievements, or developments in the industry to differ materially from the anticipated results, performance or achievements expressed or implied by such forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects,” “plans,” “anticipates,” “believes,” “intends,” “estimates,” “projects,” “potential” and similar expressions, or that events or conditions “will,” “would,” “may,” “could” or “should” occur. There can be no assurance that such statements prove to be accurate. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.
THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.
NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.
Silverton Project – Map of Silver Hammer claim blocks and locations of rock-chip samples with silver assays graphically indicated
Table 1
Notable silver assays for January 2022 rock-chip samples
VANCOUVER, British Columbia, Feb. 16, 2022 (GLOBE NEWSWIRE) — Silver Hammer Mining Corp. (CSE: HAMR/OTCQB:HAMRF) (“Silver Hammer” or the “Company”) is pleased to report exploration results from a rock sampling and mapping program that has led to Company more than doubling the Silverton Project area through the staking of additional claims. The Silverton Project is located 129 kilometres (“km”) northeast of the Tonopah silver district in Nevada and was acquired by the Company in 2021.
Program Highlights:
Obtained multiple rock-chip samples of silver mineralization assaying up to 330 grams per tonne (“g/t”) silver (“Ag”) southwest of the former Silverton Mine
New samples, together with structural information obtained in the field, suggest historically mined silver zone extends to southwest and potentially continues under colluvium and post-mineral volcanic rocks
Added 19 claims (516 acres) to cover potential extension of the silver zone mined by previous operators the Silverton Mine “Based on our exploration completed to date at the Silverton Project, where minor silver production occurred in the 1930s, we believe that the historical mining developed just a small portion of a significantly larger zone or system of silver mineralization that has now been shown to extend hundreds of metres southwest of the old mine,” stated President & CEO Morgan Lekstrom. “Detrital sediments and young volcanic rocks appear to overlie and obscure the silver mineralized system southwest of the mine and we now believe that the strike extent of the system could be significantly expanded. Consequently, we have filed for 19 additional claims in a block that is contiguous with our original six-claim Silverton Project.
Assay results from 102 rock-chip samples, 40 of which were collected in January of this year, indicate that the silver mineralization in the historic Silverton Mine area is hosted by fractured limestone and quartzite beds, with distinct structures of brecciated limestone containing the highest-grade silver. These structures, also marked by patchy silicification and quartz-iron oxide veinlets, generally trend north 030° east. When the mineralized structures are followed southwest from the mine they are soon obscured by colluvium. Table 1 below, lists some of the better silver assays for the recently collected rock samples.
The Company’s plans for 2022 include more detailed field work to understand the controls on the mineralization, including but not limited to hyperspectral, and geophysical setting Silver Hammer up for drill targeting and drilling in the 2nd half of 2022.
Qualified Person
Technical aspects of this press release have been reviewed and approved by Philip Mulholland, P.Geo., the designated Qualified Person (QP) under National Instrument 43-101.
About Silver Hammer Mining Corp.
Silver Hammer Mining Corp. is a junior resource company advancing the flagship past-producing Silver Strand Mine in the Coeur d’Alene Mining District in Idaho, USA, as well both the Eliza Silver Project and the Silverton Silver Mine in one of the world’s most prolific mining jurisdictions in Nevada and the Lacy Gold Project in British Columbia, Canada. The Company has commenced an initial drill program at Silver Strand that will test for silver and gold mineralization immediately below the mine’s lowest level extending only 90 metres below surface. Silver Hammer strives to become a multi-mine silver producer and will focus near-term exploration and drilling plans at the Company’s Idaho and Nevada silver-gold assets.
(Mineralization hosted on adjacent and/or nearby properties is not necessarily indicative of mineralization hosted on the Company’s property.)
On Behalf of the Board of Silver Hammer Mining Corp.
Morgan Lekstrom, President and CEO
Corporate Office: 551 Howe Street, Vancouver, British Columbia V6C 2C2, Canada
The CSE does not accept responsibility for the adequacy or accuracy of this release. The Canadian Securities Exchange has neither approved nor disapproved the contents of this press release.
Fundamental Research has just issued their updated Analyst Report based on the Phase 2 Exploration Results at Rover’s Cabin Gold project. For a copy of the report click here.
Burlington, Ontario–(Newsfile Corp. – January 27, 2022) – Silver Bullet Mines Corp. (TSXV: SBMI) (‘SBMI’ or ‘the Company’) announces it has begun extracting mineralized material from its Buckeye Silver Mine in Arizona after taking delivery of its first shipment of blasting powder. SBMI’s intention is to produce an initial total of 10,000 tonnes of mineralized material at a rate of 125 tonnes per day.
SBMI also announces it has been invited by the TMX Group to ring the bell at market open on Monday, January 31st at 9:30 am Eastern Standard Time, a rare honour for a new junior mining company.
Blasting underground in January, 2022 at the Buckeye Silver Mine
SBMI’s initial target is the high-grade silver zone identified in 1976 by K.C. Delise, a Registered Geologist, in a report titled Surface/Underground Mapping and Sampling. Accompanying the report was a Mine Shaft Survey dated October 23, 1976 prepared by him for International Resources and Minerals Development Company. In his report he mapped and identified this zone as extending approximately 500 feet along strike.
The Company has found a summary of assay results from 1976 and 1977 from Clarkson Labs of San Diego, CA. SBMI believes these resulted from samples taken by Delise in his 1976 field work at the Buckeye. These assays returned spectacularly high values for gold, silver and copper. The highest value for gold was 4.8 opt, for silver was 8,970 opt, and for copper was 30.7%.
This information is historical in nature and pre-dates NI43-101. SBMI does not know the methods by which such work was carried out, or whether all or part of it was under the supervision of a Qualified Person, as that term is defined in NI43-101. SBMI refers to such data and observations to inform its knowledge of the area.
Nick Barr, one of SBMI’s consulting geologists, carried out his own analysis of Delise’s work in 2015, as part of which he produced notes, sections and longitudinals. He also plotted the 1976 Clarkson Labs assay results noted above onto Mr. Delise’s original Mining Shaft Survey. In addition to Delise’s and other historical records, SBMI is also relying upon these documents created by Mr. Barr as well as his current first-hand experience at the Buckeye.
“This is a significant accomplishment”, said SBMI’s VP Mining, Mr. Ron Murphy. “We have completed the rehabilitation of the underground and have commenced mining as we blast into what we believe to be Delise’s documented high-grade zone. The training, experience and talent of our seasoned mining crew has allowed us to achieve these goals in a short period of time.”
The mineralized material blasted and extracted from the Buckeye will be stockpiled at SBMI’s proximate millsite for eventual processing at SBMI’s gravity pilot plant, which is nearing completion. The Company also plans to run assays in its own assay facility on-site on multiple samples from the mineralized material to determine grades.
As previously disclosed, SBMI’s assay lab on-site in Arizona is managed by Robert Budd, a Metallurgical Process Engineer who began his career in metallurgical engineering in 1972. He has held various positions with various employers including Senior Engineer, Superintendent, Engineer, Technical Assistant, Technician, and Lab Assistant. Most recently, prior to joining SBMI he was involved in designing and creating an internal assay facility in Arizona for Freeport McMorran Inc. Working with Mr. Budd in SBMI’s assay facility is Vic Power, a Registered Professional Assayer for the state of Arizona. Mr. Budd and Mr. Power will ensure all QA/QC practices will be adhered to, including sending samples from each run to an independent accredited lab for corroboration.
It is intended the state-of-the-art gravity pilot plant should be ready to commence the processing of mineralized material in approximately sixty days, depending on the timing of delivery of certain mill items. Such deliveries are beyond SBMI’s control. The progress of both the mine and mill can be followed at www.silverbulletmines.com or on Twitter @bulletmines.
“Having our own assay lab and mill should make us incredibly efficient,” said Mr. John Carter, SBMI’s CEO who also designed the gravity pilot plant. “We will be able to have assay results back in less than a day, which will empower us to select mineralization within our target ranges to process.”
For further information, please contact:
John Carter Silver Bullet Mines Corp., CEO cartera@sympatico.ca +1 (905) 302-3843
Peter M. Clausi Silver Bullet Mines Corp., VP Capital Markets pclausi@brantcapital.ca +1 (416) 890-1232
Cautionary and Forward-Looking Statements
This news release contains certain statements that constitute forward-looking statements as they relate to SBMI and its subsidiaries. Forward-looking statements are not historical facts but represent management’s current expectation of future events, and can be identified by words such as “believe”, “expects”, “will”, “intends”, “plans”, “projects”, “anticipates”, “estimates”, “continues” and similar expressions. Although management believes that the expectations represented in such forward-looking statements are reasonable, there can be no assurance that they will prove to be correct.
By their nature, forward-looking statements include assumptions, and are subject to inherent risks and uncertainties that could cause actual future results, conditions, actions or events to differ materially from those in the forward-looking statements. If and when forward-looking statements are set out in this new release, SBMI will also set out the material risk factors or assumptions used to develop the forward-looking statements. Except as expressly required by applicable securities laws, SBMI assumes no obligation to update or revise any forward-looking statements. The future outcomes that relate to forward-looking statements may be influenced by many factors, including but not limited to: the impact of SARS CoV-2 or any other global virus; reliance on key personnel; the thoroughness of its QA/QA procedures; the continuity of the global supply chain for materials for SBMI to use in the production and processing of ore; shareholder and regulatory approvals; activities and attitudes of communities local to the location of the SBMI’s properties; risks of future legal proceedings; income tax matters; fires, floods and other natural phenomena; the rate of inflation; availability and terms of financing; distribution of securities; commodities pricing; currency movements, especially as between the USD and CDN; effect of market interest rates on price of securities; and, potential dilution. SARS CoV-2 and other potential global viruses create risks that at this time are immeasurable and impossible to define.
Every once in awhile I get something right. I did a story on Group Ten (PGE-V) in May of this year. Rhodium was about $27,000 an ounce. That seemed pretty steep to me given the far lower prices of gold, palladium and platinum. I said,
“I’ll be really candid here. I was telling people to buy rhodium when it was $600 an ounce because it was cheap. It is not cheap at $27,000. Either platinum, palladium and gold go way up from here or rhodium drops a lot. The prices for each of the metals don’t align logically at present. But when an NFT of a fart is worth $85, who knows what anything is worth?”
At the time of the article rhodium was worth $868 a gram. Today it is worth $414 for the same size gram. If you will buy things when they are cheap and sell them when they are expensive, you can make a lot of money. Gold, palladium and platinum are all about the same price as they were then. You can stay invested in physical metals all of the time with little risk if you will buy the cheap metals and sell the expensive. Right now silver and platinum seem cheap to me while rhodium and palladium seem expensive.
In December of 2015 I wrote a piece talking about the massive crash in the metals that took place between 2011 and the end of 2015. I happen to believe that we are in exactly the same position as we were in late December of 2015. Investors should keep in mind that the gold stocks finally hit bottom around January 17th of 2016 before rocketing higher with the XAU and HUI up almost three fold in the next seven months with a lot of juniors up 500-1,000% at the same time. Here is what I said,
“Slowly but surely the stars have come into alignment for the battered metals sector. The bear market in silver started at the end of April of 2011. Gold topped in September of the same year. The bear has been more brutal and lasted longer than any since 1970. But bear markets breed bull markets and the upcoming market is going to be interesting to say the least. When gold and silver bottomed in 2001 the financial horizon was still reasonably stable. Today the banking system and financial systems of most countries are on the edge of an abyss waiting to fall into the bottomless pit.
We are at the end of tax loss silly season. For the past couple of weeks shares have been dumped on the sales table just because they are down for the year. Many shares are going to recover in the next two months simply because they sold off during tax loss silly season.”
I see exactly the same thing happening this year into January as happened five years ago. Stocks rocketed higher for the next seven months. This is the season to be picking the low hanging fruit.
Certainly Group Ten Metals (PGE-V) would qualify as low hanging fruit. The company has a 25 km strike package located adjacent to the $2.8 billion dollar Sibanye-Stillwater platinum/palladium mines in Montana. Sibanye-Stillwater has produced over 14 million ounces of pd+pt. They report 26.9 million pd+pt ounces in P+P reserves.
Group Ten has been busy drilling and expanding their resources and moving the company forward without a lot of respect from the market. In October of this year they released a 43-101 showing 157 million tonnes in inferred resources at an average of 0.45 total nickel equivalent. That’s $89 rock at today’s prices.
(Click on image to enlarge)
If you work out the numbers, they have reported right at $14 billion dollars worth of rock in the ground. If someone bought them and paid 1% of the gross metal in the ground value, that would be $140 million. Meanwhile the company is selling for $64 million. That seems absurd to me.
On December 20th the company reported partial results from the first two holes of a fourteen-hole drill program to expand the resource. The results were barn burning and included 63.7 meters of 0.92% NiEq within a 367 meter continuous mineralization at 0.31% NiEq. The hole returned the longest intercept ever recorded in the Stillwater district with 728 meters of solid sulfide mineralization.
If Group Ten Metals is not cheap today, I don’t think it ever will be.
I have participated in a placement with Group Ten and they are an advertiser. Pease do your own due diligence.
Group Ten Metals PGE-V $.38 (Dec 21, 2021) PGEZF OTCBB 167.6 million shares Group Ten website
Vancouver, British Columbia, December 20, 2021 (Globe Newswire) – Irving Resources Inc. (CSE:IRV; OTCQX: IRVRF) (“Irving” or the “Company”) is pleased to provide an update and announce plans of work on its Yamagano and Satsuma Au-Ag Vein Projects under the Newmont Alliance, Kagoshima Prefecture, Kyushu Island, Japan.
Summary:
Irving Resources recently secured an office near Kagoshima airport from which the Company will oversee operations at all of its Kagoshima exploration projects (Figure 1).
To oversee regional operations, Irving welcomes Mr. Masafumi Torimaru, its newly appointed Kagoshima Mine Manager. Mr. Torimaru served as Director and Production Manager of Kasuga Mines Co., Ltd., a subsidiary of JX Nippon Mining & Metals Corporation and holds all prerequisite licenses and certificates necessary to operate all aspects of exploration and mining.
Over recent months, in preparation for gearing up its exploration activities, Irving has engaged in consultations with local government offices, local communities and universities in Kyushu Island. Irving sees such close relationships as key to its success.
In response to receipt of positive stream sediment analyses, Irving has expanded its Satusma B block of tenements bringing its total Kagoshima land holdings (Figure 2) to 11,333 hectares (113.33km2). Each of Irving’s claim blocks, Yamagano, Satsuma A, Satsuma B, Satsuma C and Satsuma D, is centered over an anomalously high gravity anomaly considered highly prospective for blind epithermal vein mineralization.
Irving recently contracted local geotechnical firm, Nagasaki Chiken Co., Ltd., to undertake geologic mapping over the entirety of the Yamagano claim holdings. This work is of high priority as the Company develops upcoming drill targets. Because the core Yamagano mining right tenement has been held privately for several hundred years, this will be the first integrated mapping exercise across the district.
Detailed gravity and drone magnetics surveys have recently been conducted across the Company’s Yamagano claims. (Figure 3 – video) The Company will discuss this data upon final processing.
Irving is targeting February 2022 to undertake a controlled source audio-magnetotelluric survey over Yamagano, the final dataset necessary to define drill targets, subject to the Covid entry restrictions imposed by the Japanese government at that time.
Once drill targeting is complete, Irving plans to file all necessary applications for Phase One drilling at Yamagano.
The Yamagano mining district, situated approximately 11 km southwest of the large, high-grade Hishikari gold mine, is host to innumerable historic gold mine workings, some dating back to 1640AD during the early Edo Period in Japan. Mining was focused on a multitude of high-grade epithermal gold veins hosted by volcanic rocks blanketing this region. Importantly, the mining right tenement has seen no modern exploration, including drilling.
Gold veins at Yamagano appear associated with a particular geophysical feature, an area of anomalously high gravity, thought to represent a buried uplift, or dome, in underlying denser basement sedimentary rocks. Such a geologic feature is believed to have focused gold-depositing hydrothermal fluids to ascend into overlying faults and fissures where they formed extensive high-grade vein networks.
A gravity high was recognized very early as an important ore control at the Kushikino gold mine (56 tonnes or 1.80 Moz Au produced) situated approximately 39 km southwest of Yamagano. In fact, based upon this geologic model, initial targeting of the famous Hishikari deposits (248.2 tonnes or 7.98 Moz Au produced) was driven largely by recognition of an anomalous gravity high underlying that area. Irving believes the gravity high at Yamagano reflects a buried dome of basement rock, and that given the large footprint of this feature, there is considerable prospectivity for veins elsewhere across the property.
Information published by Mitsui Kushikino Mines Co., Ltd. concerning the Kushikino mine, and information published by Sumitomo Metal Mining concerning the Hishikari mine, may be obtained at the links below.
“We are delighted to establish our operational base in Kagoshima,” commented Akiko Levinson, President and director of Irving. “We are also delighted to welcome Mr. Torimaru, our new Mine Manager. Mr. Torimaru has an impressive track record as Production Manager of Kasuga Mines Co., Ltd., a Kagoshima based gold mining company. We are now focused on advancing all of our Kagoshima assets, especially our Yamagano claim holdings covering one of the most prospective unexplored high-grade vein districts in Japan. In addition to our plans to soon follow up recent exploration success at Omu in Hokkaido, we have aggressive plans to explore in Kagoshima in 2022.”
Quinton Hennigh (Ph.D., P.Geo.) is the qualified person pursuant to National Instrument 43-101 responsible for, and having reviewed and approved, the technical information contained in this news release. Dr. Hennigh is a technical advisor and director of Irving Resources Inc.
About Irving Resources Inc.:
Irving is a junior exploration company with a focus on gold in Japan. Irving also holds, through a subsidiary, a Joint Exploration Agreement with Japan Oil, Gas and Metals National Corporation (JOGMEC). JOGMEC is a government organization established under the law of Japan, administrated by the Ministry of Economy, Trade and Industry of Japan, and is responsible for stable supply of various resources to Japan through the discovery of sizable economic deposits of base, precious and rare metals.
Additional information can be found on the Company’s website: www.IRVresources.com.
Some statements in this news release may contain forward-looking information within the meaning of Canadian securities legislation including, without limitation, statements as to planned exploration activities. Forward-looking statements address future events and conditions and, as such, involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the statements. Such factors include, without limitation, customary risks of the mineral resource exploration industry, the availability to Irving of sufficient cash to fund any planned drilling and other exploration activities, the performance of services by third parties, and the other risk factors identified in Irving‘s management’s discussion and analysis for the six-month period ended August 31, 2021, which is available under Irving‘s profile on SEDAR at www.sedar.com. Forward-looking statements speak only as of the date those statements are made. Except as required by applicable law, Irving assumes no obligation to update or to publicly announce the results of any change to any forward-looking statement contained or incorporated by reference herein to reflect actual results, future events or developments, changes in assumptions or changes in other factors affecting the forward-looking statements. If Irving updates any forward-looking statement(s), no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements.
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The Communications Team
