At the recently held Capitalism & Morality seminar, I spoke about the fastest-growing religion in the world. It isn’t Christianity or Islam. It is a cute-looking insidious religion whose consequences won’t be visible until it is too late:
On Investments
I recently traveled with Irving Resources (IRV; C$0.82) in Japan for four days. Most of my time was spent exploring the Yamagano project, a mere eight kilometers from Hishikari, one of the world’s highest-grade gold mines. Yamagano has seen no modern-day drilling. The mine was closed in 1953. While I was there, IRV was in the last phase of completing a geophysical survey.
One of the many closed portals at the Yamagano project
IRV has recently bought two rigs of its own, which should get operational over the next two months. A third rig is already operational at the Omu project in Hokkaido. A lot is happening in Irving next year, and they have C$16 million in cash. I am accumulating.
Aztec Minerals (AZT; C$0.28) continues drilling at its Cervantes project in Mexico with fabulous results. They should also start working on their Tombstone project early next year. In my view, AZT has a very nice upside, with each project justifying the current market capitalization, what I see as a low-risk, high-upside investment.
I attended the fabulously well-organized Precious Metals Summit in Zurich and the 121 Mines show in Frankfurt this week. I am now off to London for another 121 Mines show and the Mines & Money conference.
Finally, mark your calendar. The next Capitalism & Morality seminar will be held on 9th September 2023. Dr. Amy Wax and Maxime Bernier will be the keynote speakers.
Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment, or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendations. I will not and cannot be held liable for any actions you take resulting from anything you read here. Conduct your due diligence, or consult a licensed financial advisor or broker before making any investment decisions. Any investments, trades, speculations, or decisions made based on any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.
IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.
SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions
TORONTO, Nov. 14, 2022 /CNW/ – Collective Mining Ltd. (TSXV: CNL) (OTCQX: CNLMF) (“Collective” or the “Company”) is pleased to announce that the Mayor’s office of Marmato has formally acknowledged Collective Mining’s social activities and efforts within the municipality. Known as “Resolution 520, 2022”, the municipality expresses its gratitude for the contributions to the development of social, economic and governance matters since the Company’s arrival in 2020.
(CNW Group/Collective Mining Ltd.)
The township of Marmato, which is located in the department of Caldas, is one of the most historic and significant gold and silver mining regions in the western hemisphere of the world with continuous production beginning more than 500 years ago. Collective Mining’s Guayabales project is located in the heart of this long-established mining camp which has 10 fully permitted and operating mines located within a three kilometres radius of the project.
Since Collective Mining’s arrival to Marmato in 2020, the Company has focused on aligning itself with the municipality’s “Development Plan” by cooperating with initiatives that are relevant for the community and region. These efforts have included the improvement of rural roads, providing technical proficiency to Marmato’s coffee growers, protecting local water sources, monitoring and improvement of the aqueducts in the municipality and establishing beekeeping projects.
“Collective is a company that listens to the communities and embraces the needs of our municipality. From day one, they have supported us in our Development Plan. We wish to highlight that the Company always brings with it great respect for our communities. That is why, today, we can ratify this formal recognition proving it is possible to work hand in hand with a private company,” said Yesid Castro, Mayor of Marmato.
“Since our arrival to the region, our goal was to add value to local communities while advancing our efforts in making the next major discovery in Colombia. Since inception, our Company has been committed to a “Collective” approach to the development of projects, working alongside local government and communities to help develop our ESG initiatives. This recognition, coupled with our multiple geological discoveries are evidence that we are on the right track. We wish to express our gratitude to the local communities and to the Mayor and his team for allowing us to bring value and work alongside the citizens of Marmato,” commented Omar Ossma, President and CEO of Collective Mining.
About Collective Mining Ltd.
To see our latest corporate presentation and related information, please visit www.collectivemining.com.
Founded by the team that developed and sold Continental Gold Inc. to Zijin Mining for approximately $2 billion in enterprise value, Collective Mining is a copper, silver and gold exploration company based in Canada, with projects in Caldas, Colombia. The Company has options to acquire 100% interests in two projects located directly within an established mining camp with ten fully permitted and operating mines.
The Company’s flagship project, Guayabales, is anchored by the discovery of the “Main Breccia” at the Apollo target in June 2022, which is a large bulk-tonnage, and high-grade copper, silver and gold porphyry-related hydrothermal breccia system. The Company’s near-term objective is to continue expanding the size of the Main Breccia discovery through step-out drilling while simultaneously increasing confidence in the highest-grade portions of the system.
Management and insiders own nearly 35% of the outstanding shares of the Company and as a result, are fully aligned with shareholders. The Company is listed on the TSXV under the trading symbol “CNL” and on the OTCQX under the trading symbol “CNLMF”.
FORWARD-LOOKING STATEMENTS
This news release contains certain forward-looking statements, including, but not limited to, Collective’s future and intentions. Wherever possible, words such as “may”, “will”, “should”, “could”, “expect”, “plan”, “intend”, “anticipate”, “believe”, “estimate”, “predict” or “potential” or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.
Forward-looking statements involve significant risk, uncertainties, and assumptions. Many factors could cause actual results, performance, or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully, and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, Collective cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this news release, and Collective assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.
Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release.
Episodes 3, 4, and 5 of Rick’s Classroom Series are now available for viewing.
In this 10-part free video series, Rick and I focus on the fundamentals of successful investing and speculation, while addressing many of your most frequently asked questions.
In these three installments, Rick and I continue our discussion on the Majors before moving on to Royalty/Streaming companies and Developers.
We discuss:The origin of the Royalty/Streaming modelLarge vs small Royalty/Streaming companiesThe reason most resource investors should consider Royalty/Streaming companiesThree important documents to consider when evaluating a DeveloperThree important numbers to consider when evaluating a DeveloperConflicts of interest to watch out forThe cost of moving a development project forwardThe importance of specific expertise and when you might consider backing a less experienced team
Burlington, Ontario–(Newsfile Corp. – November 3, 2022) – On October 21, 2022 Silver Bullet Mines Corp. (TSXV: SBMI) (OTCQB: SBMCF) (‘SBMI’ or ‘the Company’) announced a financing of Units (the “Financing”), whereby each Unit consisted of one common share and one common share purchase warrant. Each Unit is priced at $0.20 (twenty cents). Each common share purchase warrant has a 2-year term and is exercisable at $0.30 (thirty cents).
SBMI announces it has closed on the first tranche of the Financing, being $447,000. This represents 2,235,000 common shares and 2,235,000 common share purchase warrants. The Company expects further tranches to close in the near future. In relation to the Financing the Company paid commissions by way of 84,000 broker warrants and cash commissions of $16,800. Insiders are still blacked out by order of the Chair and were not allowed to participate in the Financing.
On September 26, 2022 the Company announced it had found high-grade gold, platinum, palladium, rhodium and osmium (the “Bonus Materials”) in concentrates resulting from 200 tons of material from the Buckeye Mine. To help identify the source and/or location of the Bonus Materials, and to help determine whether the Bonus Materials are limited to the Buckeye veins or are also present in the host materials around the veins, the Company recently took samples from the diabase at several locations near and in the Buckeye Silver Mine. “Diabase” is also known as “country rock” or “host rock”, and is the material hosting the many veins in and near the Buckeye Silver Mine.
The Company announces it has received assay results from an independent lab with respect to those samples taken from the diabase. Those results are being considered and will be disclosed to the public as soon as possible.
Finally, and as previously disclosed, the Company has encountered procedural challenges in completing its first audit as an operating company, including but not limited to cross-border documentation. Some of these challenges were caused by COVID-19 restrictions on travel to the mill and mine sites in Arizona, others by a local inexperience with audit processes. Management sees these challenges as transitory and procedural. There are no items in disagreement, whether material or not, between the auditors and the Company. Management and the board expect to be able to file the audited financial statements and the MDA for the year ended June 30, 2022 imminently.
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.
Highlights include 58.8m @ 2.11g/t PGM+Au, and 19.8m @ 2.68g/t PGM+Au
VANCOUVER, BC, Nov. 2, 2022 /CNW/ – Bravo Mining Corp. (TSXV: BRVO) (OTCQX: BRVMF), (“Bravo” or the “Company“) today announced that it has received assay results from an additional nine infill diamond drill holes (“DDH”) from its Luanga palladium + platinum + rhodium + gold + nickel (3PGM+Au+Ni) project (“Luanga” or “Luanga PGM+Au+Ni“), located in the Carajás Mineral Province, state of Pará, Brazil.
“Drill hole DDH22LU029, which intersected 58.8m @ 2.11g/t 3PGM+Au from 9.7m, is one of the broadest zones of 3PGM+Au mineralization intersected at Luanga to date. This drill hole also demonstrates that multiple stacked 3PGM+Au+Ni zones exist stratigraphically above (see section attached) and below the previously defined mineralized horizons. This increases our confidence in both the overall 3PGM+Au+Ni potential of Luanga, and the potential for higher-grade nickel sulphide mineralization given the 39.4m @ 0.16% Ni intersected from 29.1m,” said Luis Azevedo, Chairman and CEO of Bravo. “Furthermore, DDH22LU029 intersected a zone of nickel-rich disseminated sulphides below the main mineralized horizons (see section attached), yet still within the same orthopyroxenite host stratigraphy, again opening the possibility for new as yet unseen styles of nickel sulphide mineralization at depth.”
Highlights
The infill drilling campaign continues to advance rapidly, while results compare well with, or exceed, the intercepts in historic drill holes on nearby drill sections, in both tenor and mineralized thicknesses.
Highlights of Bravo’s recent intercepts are tabulated below, with details attached:
HOLE-ID
From(m)
To(m)
Thickness (m)
Pd(g/t)
Pt(g/t)
Rh(g/t)
Au (g/t)
PGM + Au (g/t)
Ni (% Sulphide)
TYPE
DDH22LU029
9.7
68.5
58.8
1.33
0.64
0.09
0.06
2.11
NA
Ox/FR
Including
29.1
68.5
39.4
1.12
0.48
0.07
0.07
1.74
0.16
FR
And
108.4
117.1
8.7
2.12
1.70
0.24*
0.03
4.09*
0.05
FR
And
158.5
165.0
6.5
0.33
0.14
0.01
0.01
0.50
0.43
FR
DDH22LU016
55.5
75.3
19.8
0.48
1.94
0.26
0.01
2.68
0.06
FR/LS
DDH22LU022
81.2
101.0
19.8
1.27
0.77
0.12
0.05
2.21
0.23
FR
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
Given the orientation of the hole and the mineralization, the intercept is estimated to be 80% to 90% of true thickness.
Type: Ox = Oxide. LS = Low Sulphur. FR = Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
NA: Not Applicable as intercept is oxide or a mix of oxide and fresh rock mineralization.
* = Includes Rh >1.00g/t result. Overlimit analyses pending.
In addition, two diamond drill holes were completed on two drill sections, 50m north and south of DDH22LU047, the hole that intercepted massive sulphides (see August 16th, 2022 news release). All four step out drill holes have intersected varying amounts of semi-massive sulphides. Assay results are pending.
Downhole Electromagnetic surveys (“EM”) on these 4 drill holes, and surface fixed loop EM over the Luanga deposit, have commenced.
102 drill holes have been completed, for a total of 17,337 metres (or 68% of Phase 1 Drilling Program), including 6 twin holes and 6 metallurgical holes.
17,689 samples submitted for assay to date including 3,216 re-assay samples from historic drill core.
6 drill rigs operating onsite.
Luanga Drill Program
The Phase 1 diamond drill program continues as planned at Luanga. Six drill rigs are on site, with drilling progressing in various locations along the entire 8.1km strike length of the known Luanga mineralized envelope. To date, 102 drill holes have been completed, for a total of 17,337 metres (or 68%) of the planned 25,500 metre Phase 1 drill program.
Location of Bravo Drilling Reported in this Document (CNW Group/Bravo Mining Corp.)
Section – Showing DDH22LU029 Stacked 3PGM+Au+Ni Zones, and New Nickel Zone at Depth (CNW Group/Bravo Mining Corp.)
Complete Table of Intercepts
HOLE-ID
From(m)
To(m)
Thickness (m)
Pd(g/t)
Pt(g/t)
Rh(g/t)
Au (g/t)
3PGM + Au (g/t)
Ni (% Sulphide)
TYPE
DDH22LU016
55.5
75.3
19.8
0.48
1.94
0.26
0.01
2.68
0.06
FR/LS
DDH22LU021
8.0
13,0
5.0
0.29
0.24
<0.01
0.01
0.54
NA
Ox
DDH22LU022
81.2
101.0
19.8
1.27
0.77
0.12
0.05
2.21
0.23
FR
DDH22LU023
0.0
7.0
7.0
0.38
0.30
<0.01
0.03
0.62
NA
Ox
DDH22LU024
66.6
76.0
9.4
0.77
0.29
0.12
0.05
1.24
0.22
FR
DDH22LU025
28.5
37.5
9.0
0.85
0.55
0.15
0.02
1.57
0.17
FR
DDH22LU027
88.1
91.1
3.0
0.42
0.27
0.03
0.01
0.73
0.01
FR
And
95.6
103.6
8.0
0.26
0.09
0.05
0.01
0.40
0.01
FR/LS
DDH22LU028
0.0
24.0
24.0
0.25
0.26
<0.01
0.01
0.52
NA
FR
DDH22LU029
9.7
68.5
58.8
1.33
0.64
0.09
0.06
2.11
NA
Ox/FR
Including
29.1
68.5
39.4
1.12
0.48
0.07
0.07
1.74
0.16
FR
And
108.4
117.1
8.7
2.12
1.70
0.24*
0.03
4.09*
0.05
FR
And
158.5
165.0
6.5
0.33
0.14
0.01
0.01
0.50
0.43
FR
Notes: All ‘From’, ‘To’ depths, and ‘Thicknesses’ are downhole.
Given the orientation of the hole and the mineralization, the intercept is estimated to be 80% to 90% of true thickness.
Type: Ox = Oxide. LS = Low Sulphur. FR + Fresh Rock. Recovery methods and results will differ based on the type of mineralization.
NA: Not Applicable as intercept is oxide or a mix of oxide and fresh rock mineralization.
* = Includes Rh >1.00g/t result. Overlimit analyses pending.
About Bravo Mining Corp.
Bravo is a Canada and Brazil-based mineral exploration and development company focused on advancing its Luanga 3PGM + Au + Ni Project in the world-class Carajás Mineral Province of Brazil.
The Luanga Project benefits from being in a location close to operating mines, with excellent access and proximity to existing infrastructure, including road, rail and clean and renewable hydro grid power. The project area was previously de-forested for agricultural grazing land. Bravo’s current Environmental, Social and Governance activities includes replanting trees in the project area, hiring and contracting locally, and ensuring protection of the environment during its exploration activities.
Technical Disclosure Technical information in this news release has been reviewed and approved by Simon Mottram, F.AusIMM (Fellow Australia Institute of Mining and Metallurgy), President of Bravo Mining Corp. who serves as the Company’s “qualified person”, as defined in National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101“). Mr. Mottram has verified the technical data and opinions contained in this news release.
Forward Looking Statements
This news release contains forward-looking information which is not comprised of historical facts. Forward-looking information is characterized by words such as “Exceptional”, “High-Grade”, “Highlights”, “broadest”, “multiple”, “confidence”, “potential”, “rich”, “possibility”, “as yet unseen”, “continues”, “compare well”, “exceed”, “highlights”, and other similar words, phrases or statements that certain events or conditions “should”, or “will” occur. In particular, this news release contains forward-looking information pertaining to the Company’s ongoing re-assay and drill programs and the results thereof; the expected completion of geophysical surveys and the results of such surveys; the potential for the definition o new styles of mineralization and extensions to depth and the Company’s plans in respect thereof. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, and opportunities to differ materially from those expressed or implied by such forward-looking information. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, changes in the state of equity and debt markets, fluctuations in commodity prices, delays in obtaining required regulatory or governmental approvals, environmental risks, limitations on insurance coverage; and other risks and uncertainties involved in the mineral exploration and development industry. Forward-looking information in this news release is based on the opinions and assumptions of management considered reasonable as of the date hereof, including, but not limited to, the assumption that the assay results confirm the interpreted mineralization contains significant values of nickel, copper and also contain PGMs and Au; final drill and assay results will be in line with management’s expectations; that activities will not be adversely disrupted or impeded by regulatory, political, community, economic, environmental and/or healthy and safety risks; that the Luanga Project will not be materially affected by potential supply chain disruptions; and general business and economic conditions will not change in a materially adverse manner. Although the Company believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information. The Company disclaims any intention or obligation to update or revise any forward-looking information, other than as required by applicable securities laws.
Schedule 1: Drill Hole Collar Details
HOLE-ID
Company
East (m)
North (m)
RL (m)
Datum
Depth (m)
Azimuth
Dip
DDH22LU016
Bravo
659067.99
9341140.05
231.20
SIRGAS2000 UTM22S
199.05
90.00
-60.00
DDH22LU021
Bravo
660000.70
9341825.04
256.77
SIRGAS2000 UTM22S
250.00
90.00
-60.00
DDH22LU022
Bravo
659195.85
9341118.15
227.84
SIRGAS2000 UTM22S
150.30
330.00
-60.00
DDH22LU023
Bravo
660000.02
9341721.99
241.36
SIRGAS2000 UTM22S
250.05
90.00
-60.00
DDH22LU024
Bravo
657100.06
9339629.97
259.19
SIRGAS2000 UTM22S
170.00
360.00
-60.00
DDH22LU025
Bravo
659158.01
9341182.98
225.69
SIRGAS2000 UTM22S
150.35
330.00
-60.00
DDH22LU027
Bravo
659245.18
9341231.67
229.00
SIRGAS2000 UTM22S
150.35
330.00
-60.00
DDH22LU028
Bravo
657000.01
9339729.10
296.06
SIRGAS2000 UTM22S
170.40
360.00
-60.00
DDH22LU029
Bravo
659836.03
9341725.05
243.28
SIRGAS2000 UTM22S
183.75
90.00
-60.00
Schedule 2: Assay Methodologies and QAQC
Samples follow a chain of custody between collection, processing and delivery to the ALS laboratory in Parauapebas, state of Pará, Brazil. The drill core is delivered to the core shack at Bravo’s Luanga site facilities and processed by geologists who insert certified reference materials, blanks and duplicates into the sampling sequence. Drill core is half cut and placed in secured polyurethane bags, then in security-sealed sacks before being delivered directly from the Luanga site facilities to the Parauapebas ALS laboratory by Bravo staff. Additional information about the methodology can be found on the ALS global website (ALS) in the analytical guides.
Quality Assurance and Quality Control (“QAQC“) is maintained internally at the lab through rigorous use of internal certified reference materials, blanks, and duplicates. An additional QAQC program is administered by Bravo using certified reference materials, duplicate samples and blank samples that are blindly inserted into the sample batch. If a QAQC sample returns an unacceptable value an investigation into the results is triggered and when deemed necessary, the samples that were tested in the batch with the failed QAQC sample are re-tested.
Dear Shareholders and Prospective Investors, we are pleased to send you this private invitation to consider participation in our current non-brokered private placement financing. The use of proceeds includes a 1,200 meter RC drill program at our NEW Let’s Go Lithium Project in Nevada, USA (“LGL”). The LGL project is a lithium in claystone hosted deposit, with water well drill logs showing an average thickness of approximately 300 feet for the ore body. The property is approximately 6,000 acres in size, and has had a systematic surface sampling program, with high-grade Li results, to define the drill program. The project includes existing infrastructure such as hydro power and road access.
A consolidation of our common shares is currently underway in preparation for the current financing. The investor package is availablehere.
