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Newsletter 23 /2018

This newsletter contains news on the following topics:

Share of the week: Nordic Gold + First Vanadium + Kootenay Silver + eCobalt + Exploration spending on the rise again - Bonanza finds nevertheless fail to materialize + Aston Bay Holdings + Minera Alamos + Giyani Metals + Kintavar Exploration + White Gold + TerraX Minerals + Corvus Gold + Group Ten Metals + Treasury Metals + NQ Minerals + First Cobalt + Millennial Lithium + Uranium Energy + Bluestone Resources + ZCCM Investment Holdings + Auryn Resources + Aurania Resources + Excellon Resources + Myanmar Metals + Rock Tech Lithium + Endeavour Silver + RavenQuest BioMed + Arg3ntum + GoviEx Uranium + Steppe Gold + US Gold + Group Eleven Resources + Skyharbour Resources + Pelangio Exploration + Condor Gold

At the recent commodity fairs in Zurich (Precious Metals Summit Zurich), Munich (International Precious Metals & Commodities Fair) and Mines & Money London, interviews were conducted with some extremely interesting business partners. Some of these interviews can be found in this issue.
Interviews:
First Vanadium: The Only Vanadium Project In US - Fast Track To Production
Florian Grummes On Gold, Silver & Crypto Currencies
Kootenay Silver: Expanding Resource At La Cigarra & Further Acquisitions
eCobalt Solutions: Feasibility Study Coming Early 2019 For Cobalt Project In Idaho

Share of the week: Nordic Gold
Nordic Gold celebrates first gold casting

A few days ago, Nordic Gold announced the successful completion of the first gold casting in its own Laiva mine near Raahe in Finland. A total of 1,234 ounces of Doré bars were cast. On October 11, 2018, Laiva received written approval to commence operations and ore mining commenced on August 5, 2018. The Company acquired the Laiva Mine in December 2017 for approximately $25 million in cash and shares. Since then, the company has performed an updated NI-43-101 resource calculation and PEA and hired an experienced management team to operate the mine. All necessary approvals have been granted. The company has also completed all necessary maintenance and recommissioning work.
The first casting is a decisive step to bring Laiva back into commercial production. The last 18 months have been focused on using and learning from past production data. Many corrections have been made and on the way to commercial production, further improvements are being made to ensure adequate economics and efficiency.

News: Nordic Gold Completes 1,234 Ounce First Pour

Interview: Nordic Gold: Pouring First Gold End Of November At Laiva Gold Mine In Finland

Video: First Gold Pour at Laiva Mine in FInland

 

Market overview:

Exploration spending on the rise again - Bonanza finds nevertheless fail to materialize

According to a study by S & P Global Market Intelligence, the worldwide exploration of non-ferrous metals has increased by around 19 percent compared to the previous year. As a result, $10.1 billion was spent on exploration in 2018. Young exploration companies in particular increased their budgets by 35 percent. In 2018, the budget for gold miners rose to 4.86 billion US dollars. Whereas in 2016 about 7.3 billion US dollars were spent on the search for non-ferrous metals, in 2017 the figure was already about 8.4 billion US dollars. After four years of decline, exploration spending increased again for the first time in 2016. By the way, the record high was 21.5 billion US dollars in 2012, with investments in cobalt and lithium projects rising particularly, by 82 percent this year alone. Exploration expenditures for base metals increased by more than $600 million to $3.04 billion in 2018. Overall, support for young exploration companies has improved and the number and volume of financing completed has increased. Nevertheless, exploration efforts are still below their highs from 2010 to 2012. Geographically, Canada was the world's largest non-ferrous metals researcher, with most spending in this area. Second comes Australia, then the USA. Improved market conditions and stronger metal prices are therefore attracting more investors again, but this is not necessarily reflected in larger finds. Deposits of 5 million ounces of gold and more - or equivalent discoveries of other metals - have been completely absent in recent years. In addition, the weak exploration activities of the years 2013 to 2017 are becoming increasingly noticeable. Established mines are nearing their end, which is reflected not only in falling production figures but also in rising production costs. At the same time, only a few bonanza projects are following suit, which is likely to be reflected in the bank's supply deficits for important industrial metals, but also for precious metals and battery metals in the coming years. The prospects for corresponding commodity investors are therefore better than one might think. 

Interviews:
Aston Bay Holdings: Copper Zinc Exploration In Nunavut & Virginia
Minera Alamos: Planning 3 Gold Mines In Mexico
Giyani Metals: Working Towards PEA For Mangenese Project In Botswana
Kintavar Exploration: New Company Exploring Copper Corridor In Quebec

Company news:
White Gold shines again with top drilling results
White Gold announced additional Rotary Air Blast and Reverse Circulation drill results from the Vertigo target on the JP Ross property in Yukon, Canada a few days ago.
The Company encountered inter alia 3.21 g/t Au over 82.3 metres, including 31.4 g/t Au over 6.1 metres, including 103.9 g/t Au and 400.0 g/t Ag over 1.52 metres.
Recent results have also included 22.5 g/t gold and 154.0 g/t silver over 30.5 metres.

News 1: White Gold Corp. Drills 103.9 g/t Gold & 400.0 g/t Silver over 1.52m from Surface within a Broader Intercept of 31.4 g/t Gold over 6.1m and Identifies New High-Grade Gold Zones at Vertigo Target on JP Ross Property

 

News 2: White Gold Corp. Extends Discovery Hole to 22.5 g/t Gold and 154.0 g/t Silver over 30.5m

Interview: White Gold: Exploring White Gold District In Partnership With Agnico Eagle

 

TerraX Minerals excellently financed

TerraX Minerals recently announced that, due to significant demand, the Company has increased and completed the previously announced non-brokered private placement by $1.50 million to $2.3 million. The placement now includes 5,887,500 units of the Company at a price of $0.40 per unit. The net proceeds from this financing will be used to fund the Company's general and administrative expenses and to complete the delineation of targets for the drilling program planned for early 2019.
So TerraX Minerals is well financed again.

News: TerraX Increases Financing to $2.3 Million

 

Interviews:

Corvus Gold: Expansion Of Resource & Mine Plan In 2019

Group Ten Metals: Acquisition Of Stillwater West PGE Nickel Copper Project

Treasury Metals: Receiving Environmental Permit Before Christmas

NQ Minerals: Ramping Up Polymetallic Production In Tasmania

 

First Cobalt Reports Excellent Drilling Results

First Cobalt announced a few days ago that drilling results from the Iron Creek Cobalt Project in Idaho, USA, are expanding mineralization at depth and showing additional mineralization between the two known zones and in the footwall of the Waite zone. Accordingly, large widths of high-grade mineralization have been intersected in the eastern part of the current resource area. Highlights were 32.3 metres at 0.31% Co and 0.31% Cu and 21.1 metres at 0.32% Co and 0.20% Cu.

News: First Cobalt Continues to Show Continuity of Mineralization at Iron Creek

Interview: First Cobalt: Targeting To Double Resource At Iron Creek In 2019

 

Millennial Lithium delivers best drilling results to date

Millennial Lithium has recently reported very positive drilling and analytical results from its most recent exploration well at the Pastos Grandes Project in Salta, Argentina. Exploration hole PGMW18-19 intersected and assayed 566 mg/l Li, 5,733 mg/l K and 3,385 mg/l Mg from 366 m to the bottom of the hole at 602 m in a robust lithium-bearing brine zone with 566 mg/l Li, 5,733 mg/l K and 3,385 mg/l Mg at 236 m intersection thickness.
The Pastos Grandes project continues to deliver positive news on all fronts, and this new analytical data will feed into the ongoing resource block model estimation, which is expected to be completed by the end of the fourth quarter of 2018.

News: Exploration Drilling Intersects Highest Lithium Grades to Date at Pastos Grandes Project

 

Interviews:

Uranium Energy: Diversified Asset Portfolio - Production Ready Pending Higher Prices

Lynkeus Capital On Mining Stocks, Gold, Battery Metals & Crypto Currencies In 2019

Bluestone Resources: Feasibility Study In 2019 For Gold Project In Guatemala - Strong PEA

ZCCM Investments Holdings: Diversified Portfolio In Zambia & Africa

 

Auryn Resources Identifies Multiple Copper-Gold Targets

Auryn Resources has identified several kilometres of targets under copper-gold surface mineralization in the Sombrero project in southern Peru. The targets identified tend to begin at surface and may extend to a depth of 600 metres, which is more than a significant opportunity for skarn and porphyry mineralization.

News: Auryn Identifies Multiple Copper-Gold Drill Targets at Sombrero

Interview: Auryn Resources: Asset For Sale - Further Drilling In Nunavut & Peru

 

Aurania Resources meets new gold target

Aurania Resources recently reported that typical gold grades and scout element grades have been discovered in river sediments for epithermal systems. These sediments originate from an approximately 5 km long area at the Tinchi target of the Lost Cities - Cutucu project in Ecuador. The Tinchi target is along the trend of the Kirus area where high grade copper grades have been discovered.

News: Aurania Reports New Gold Target Along Trend of the Kirus Copper Zone in its Project in Ecuador

Interview: Aurania Resources: High Grade Copper Discovered, More Drilling Planned

 

Interviews:

Lynkeus Capital: "The largest catch-up factor in 2019 is the mining sector"

Excellon Resources: Exploration Near Producing Silver Mine In Mexico

Myanmar Metals: Developing Historic Polymetallic Mine In Myanmar

Rock Tech Lithium: PEA published for Lithium Project in Canada

 

Endeavour Silver Strikes Bolanitos Up to 46 Ounces Silver Equivalent

Endeavour Silver recently reported that drilling in 2018 at the Bolanitos mine in Guanajuato State, Mexico, intersected numerous veins of high-grade silver and gold mineralization. Key drill results include high silver and gold values intersected in two parallel veins of the San Miguel target zone immediately north of the plant. For example, hole MG-06 intersected 1,415 grams of silver per tonne and 2.25 g/t gold (46.2 ounces per short ton silver equivalent over 3.6 feet) in a 1.1 metre true width interval. Another peak was found in the Arcangel vein, part of the La Luz vein system. Here, ore grades of 138 g/t silver and 13.2 g/t gold (32.8 ounces per short ton silver equivalent over 3.9 feet) were intersected in hole LZU-17 in a 1.2 metre true width intercept.
There is sufficient potential for new resources and for extending the life of the Bolanito farm.

News: Endeavour Silver Reports High Grade Silver-Gold Intersections in Multiple Veins From 2018 Drill Program at the Bolanitos Mine, Guanajuato, Mexico

Interview: Endeavour Silver: Starting Commercial Production At El Compas In Q4 2018

 

RavenQuest BioMed launches cannabis sale

RavenQuest Bio Med recently announced that it has successfully completed its first transaction for the sale of cannabis, ushering in a new era for the company as it joins an exclusive club of companies that generate revenue from the legal sale of cannabis in Canada. RavenQuest has recently received its Business to Business distribution license from Health Canada, enabling the company to sell to other licensed manufacturers. As part of RavenQuest's first cannabis sales transaction, the company will use its B2B sales license to sell its cannabis inventory at its Markham, Ontario facility to a major listed Canadian license manufacturer.

News: Ravenquest Begins Cannabis Sales

Video:  Ravenquest corporate video

 

Interviews:

Arg3ntum: Silver Covered Blockchain - Start 2019

GoviEx Uranium: Developing Two Uranium Projects In Africa

Ronald Stöferle: "Recession clouds are gathering" - 10 forecasts for 2019

Volker Schnabel: The Risk of Global Debt and How to Protect Your Assets

 

Steppe Gold makes significant progress in mine construction

Steppe Gold recently announced last month's progress on the Altan Tsagaan Ovoo ("ATO") gold project in Mongolia.
ATO development continues to make good progress, with project investments remaining below budget. The ATO crushing circuit is now fully functional and the first ore is crushed to specification. Some 30,000 tonnes of ore have now been mined from the ATO1 deposit and stacked on the ROM pad for crushing. Cell 1 of the stockpile leaching cushion is completed and the heaping of crushed ore on cell 1 will begin in the next few days. Construction of the ADR plant is in progress, the concrete foundations are currently being cast. The prefabricated ADR plant is located in the warehouse and awaits delivery for on-site installation.

News: Steppe Gold is pleased to announce the progress that has been made over the last month at Altan Tsagaan Ovoo Gold Project in Mongolia.

Interview: Steppe Gold: Starting Gold Production In Mongolia

 

US Gold close to completion of a landmark drilling program

US Gold Corp. recently announced the imminent completion of the late autumn 2018 drilling program on its 20 square kilometre Keystone project in the Cortez Trend in Nevada.
US Gold Corp. is approaching completion of a 6-hole target test reverse circulation drilling program of approximately 10,000 feet (approximately 3,500 m). The drilling program is testing a number of important targets that were previously inaccessible due to permitted restrictions. Drill samples will be sent to Bureau Veritas Laboratories, Reno, NV for assay and detailed geochemical analysis. Results from all drilling are expected mid to late January 2019.

News: U.S. Gold Corp. is about to conclude late Autumn 2018 drilling program at the Keystone Project, Cortez Trend, Nevada

Video: U.S. Gold: Targeting Expansion Of Copper King Resource  

Interviews:

Group Eleven Resources: Exploring Two Zinc Projects In Ireland

Skyharbour Resources: Exploring High Grade Uranium Deposits In Athabasca Basin

Pelangio Exploration: Creating Value Through Gold Exploration In Ghana & Canada

Condor Gold: All Permits In Place - Next Target Mine Financing

 

Swiss Resource Capital AG and the authors of Swiss Resource Capital AG currently hold or intend to hold shares in the following companies mentioned in this issue: Nordic Gold + First Vanadium + Kootenay Silver + eCobalt + Aston Bay Holdings + Minera Alamos + Giyani Metals + Kintavar Exploration + White Gold + TerraX Minerals + Corvus Gold + Group Ten Metals + Treasury Metals + NQ Minerals + First Cobalt + Millennial Lithium + Uranium Energy + Bluestone Resources + ZCCM Investment Holdings + Auryn Resources + Aurania Resources + Excellon Resources + Myanmar Metals + Rock Tech Lithium + Endeavour Silver + RavenQuest BioMed + Arg3ntum + GoviEx Uranium + Steppe Gold + US Gold + Group Eleven Resources + Skyharbour Resources + Pelangio Exploration + Condor Gold.

Swiss Resource Capital AG has concluded IR consulting agreements with the following companies mentioned in this issue: Nordic Gold + White Gold + TerraX Minerals + Treasury Metals + First Cobalt + Millennial Lithium + Uranium Energy + Bluestone Resources + Auryn Resources + Aurania Resources + Endeavour Silver + RavenQuest BioMed + Steppe Gold + US Gold.

This publication is based on Swiss Resource Capital AG's detailed risk warnings, limitations of liability and disclaimers, which can be viewed here: Risk Disclosure and Disclaimer SRC AG

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PDAC 2019

Always up to date with the newsletter from SRC

Swiss Resource Capital AG will use the information you provide in this form to keep in touch with you and to provide you with updates and marketing information. To receive our news, you still have to give us permission to send you E-Mails below.

You can change your mind at any time by clicking on the Unsubscribe link, which you can find in the footer of every email you receive from us, or by contacting us at info@resource-capital.ch. We will treat your information with care and respect. For more information about our privacy practices, visit our website. By clicking below, you agree that we may process your information in accordance with these Terms.

We use Mailchimp as our marketing platform. By clicking below to subscribe, you acknowledge that your information will be transferred to Mailchimp for processing. Learn more about Mailchimp's privacy practices here.

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