Newsletter 11 /2019
This newsletter contains news on the following topics:
Share of the week: Bluestone Resources + Silver generates enormous catch-up potential; with Endeavour Silver, MAG Silver + Auryn Resources + Maple Gold Mines + RavenQuest BioMed + Steppe Gold + Aurania Resources + TerraX Minerals + Fission 3.0
Share of the week: Bluestone Resources
Bluestone Resources Discovers High Grade Gold/Silver Mineralization
Bluestone Resources recently announced further high-quality drill results from its ongoing infill resource conversion program at the Cerro Blanco Gold Project. These included 19 g/t Au and 44 g/t Ag over 7.5 metres, including 1 metre at 98.5 g/t Au and 271 g/t Ag. Further south they included 8.4 g/t Au and 53.2 g/t Ag over 9 metres.
The drill program, which has focused on the North Zone on Cerro Blanco in recent months, has shown remarkable continuity and consistency in intercepting targeted veins. In addition, as is common with these types of deposits, the program continues to identify new veins that require tracking and should ultimately be positive for future resource updates.
News: Bluestone Drilling Delivers 7.9 meters of 19 g/t Au & 44 g/t Ag and 9 meters of 8.4 g/t Au & 53 g/t Ag at Cerro Blanco
Bluestone Resources Announces Sensational Exploration Results
Bluestone Resources continued to report sensational results from channel samples collected from high-grade veins exposed in a recently opened cross-section in the north zone of the Cerro Blanco underground mine. The company encountered 20.4 metres of 18.9 g/t Au and 33 g/t Ag and 19.9 metres of 17.1 g/t Au and 23 g/t Ag, among others.
These impressive high-quality results are consistent with the sampling at the beginning of last year, which is deeper in the main waste of the North Ramp about 50 metres away. The continuity and consistency of the vein widths and qualities is impressive and supports observations from ongoing infill resource transformation drilling.
Silver generates enormous catch-up potential
It remains exciting with gold and silver. The breakout from a year-long downward trend that began at the end of June has so far been defended and the enormously important resistance at just under US$ 1,370, which has now turned into an equally important support, has so far been maintained, but the small bull market is still on the cutting edge. While gold rose by 6.4% in June, silver gained only 2.7%. Thus, the gold/silver ratio rose to a value of 93 and thus to a 26-year high!
Silver is therefore valued very low. This price neglect gives the precious metal an extraordinarily good risk-reward ratio. The possibility that real interest rates will continue to fall should also help to raise silver prices. Added to this is the fact that global silver production has been declining for three years.
According to calculations by Commerzbank experts, in 2019 a supply of 1.016 billion ounces of silver will be matched by demand of 1.094 billion ounces of silver. For 2020 they forecast a supply of 1,019 billion ounces and a demand of 1,103 billion ounces of silver. The Commerzbank experts therefore see a price of US$ 16.50 per ounce for the end of the year, which represents a 10% chance. The corresponding silver equities should therefore form a leverage and generate price gains of well over 10%.
Some of the world's most productive silver mines are located in the Mexican states of Zacatecas, Sonora and Durango. There are even silver mines in Mexico that have been mining for four centuries without interruption. Also located in Mexico are the silver companies Endeavour Silver and MAG Silver with their top projects.
Endeavour Silver produces at four high-grade silver-gold mines in Mexico. The fifth and largest mine, Terronera, which is expected to be approved shortly, is also located in a historic silver mining area of Mexico.
MAG Silver is working with partner Fresnillo on the production maturity of the Juanicipio silver project in Mexico, which is scheduled to go into production in 2020.
Auryn Resources Launches Major Drilling Campaign
Auryn Resources announced a few days ago that it has commenced drilling on its Committee Bay gold project in Nunavut. The fully funded core drilling program is expected to review up to four target areas. These objectives are based on geological observations and data analysed by machine learning. The drilling program will consist of approximately 3,000 metres of drilling.
Results to date suggest that the Company has a good chance of discovering first-class high-grade gold deposits on Committee Bay.
Maple Gold Mines Delivers Very Good Drill Results
Maple Gold Mines recently reported further results within the porphyry zone from its 6,045-metre winter 2019 drill campaign. The Company drilled a total of eight 3,120 metre holes within the porphyry zone with all eight holes intersecting the gold mineralization. These included 27 metres averaging 1.03 g/t Au, including 14 metres averaging 1.56 g/t Au, 8.7 metres averaging 1.14 g/t Au, 6 metres 1.45 g/t Au, and 13 metres averaging 1.04 g/t Au, including 9 metres averaging 1.36 g/t Au.
The Company can be satisfied with the results of the drilling campaign to date as gold zones within the resource area have been consistently intersected and expanded.
News: Maple Gold reports additional drill results from the Porphyry Zone
RavenQuest BioMed Finances 2 Million CA$
RavenQuest BioMed announced a few days ago that it has completed an unbrokered private placement of 4,140,000 units at a price of CA$0.50 per unit for gross proceeds of CA$2,070,000. The proceeds from the financing will be used for general corporate purposes.
RavenQuest also announced that it has engaged enPercept Inc, an influencer marketing agency, to provide market surveillance services for a period of four months for a fee of $115,000 per month.
RavenQuest has everything a cannabis producer needs, with the exception of a higher profile. The company now has to change this, and the above-mentioned deal appears to be a logical step.
News: RavenQuest Completes Non-Brokered Private Placement
Video: RavenQuest Biomed: 2019 Production Pre-Sold, Expanding To Europe
Steppe Gold Completes Private Placement
Steppe Gold recently announced that it has completed its previously announced private placement of US$ 5.4 million principal amount of two-year 10% interest rate unsecured convertible bonds. Due to increased investor interest, the Company intends to enter into additional orders in a further tranche of US$2.0 million which will be completed upon receipt of shareholder and regulatory approvals.
This should no longer stand in the way of an early start to production.
News: Steppe Completes Private Placement and Announces Board Addition
Video: Steppe Gold: Mongolias Next Gold Producer - Corporate Video
Aurania Resources receives support from probability experts
Aurania Resources recently announced that Metron Incorporated has joined the Lost Cities - Cutucu Project team. Metron will provide Aurania with data analysis and statistical analysis to refine the search for the Logroño de los Caballeros and Sevilla del Oro gold mining centers. Metron has 35 years of experience in Bayesian research theory and has developed sophisticated computer algorithms to create probability maps that identify specific targets, even if the data are ambiguous and contradictory. At the beginning of his career, Metron Chief Scientist Dr. Lawrence D. Stone was part of the team that located the lost nuclear submarine USS SCORPION. He later led Metron's technical team, which produced probability maps that led to the discovery of the SS CENTRAL AMERICA: the legendary Ship of Gold, which sank in the Atlantic Ocean in 1857 during a hurricane with 21 tons of Californian gold.
Metron is expected to collaborate with Aurania on a variety of information, including an extensive archive of historical data and old maps retrieved from international sources by Professor Octavio Latorre and CEO Keith Barron for over a decade, integrated with topographic data, geological information, exploration results, geophysics and satellite imagery. The Aurania project area is divided into geographical cells, each of which is assigned a probability ranking based on the combination of available data. The most likely cells will be prioritized for targeted follow-up, supported by Light Direction and Ranging (LiDAR), a technology successfully used in the discovery of lost cities in jungle-covered areas of Guatemala, Honduras and Cambodia. The aim is that this initiative will significantly accelerate the exploration of lost cities.
News: Metron to Assist Aurania in the Search for the Lost Cities in Ecuador
TerraX Minerals Launches Summer Drilling Program at Yellowknife City
TerraX Minerals reported a few days ago that it has commenced the 2019 summer drilling program on the Yellowknife City gold project. Phase 1 began on Sam Otto South to check the 3.5-kilometer extension of the gold structures already defined on Sam Otto Main. Approximately 3,500 m of core drilling will test the strike length and continuity of the step-out discovery hole drilled on Sam Otto South in 2018.
The objectives of the first phase of the summer drilling campaign are to delineate a large multi-kilometer gold bearing system and the geometry of the high-grade ore lenses. Investors can expect a sustained news flow in this regard.
News: TerraX Commences Summer Drill Program at Yellowknife City Gold Project
Fission 3.0 begins work on Hearty Bay and Wales Lake
Fission 3.0 announced work programs a few days ago for its Hearty Bay and Wales Lake projects in the Athabasca Basin region of Saskatchewan, Canada. Both projects are designed to host high grade uranium and the work programs will be used to identify high priority areas for drill testing. At Hearty Bay, glaciology and geomorphology experts will conduct a 10-day surface-based program to discover the potential source of parallel high-value bouldering passes with values up to 3.54% U3O8. A similar approach was followed by Fission Uranium before the large, high-grade deposit at PLS in the Athabasca Basin was discovered. Air and ground geophysical surveys are being conducted at Wales Lake to identify trends similar and parallel to those in the Patterson Lake Corridor, which contains the nearby Triple R (Fission Uranium Corp.) and Arrow (NexGen Energy Ltd.) high grade uranium deposits.
News: Fission 3.0 Begins Hunt for Source of the High-Grade Uranium Boulder Train at Hearty Bay
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: Bluestone Resources + Endeavour Silver + MAG Silver + Auryn Resources + Maple Gold Mines + RavenQuest BioMed + Steppe Gold + Aurania Resources + TerraX Minerals + Fission 3.0.
Swiss Resource Capital AG has concluded IR consulting agreements with the following companies mentioned in this issue: Bluestone Resources + Endeavour Silver + MAG Silver + Auryn Resources + Maple Gold Mines + RavenQuest BioMed + Steppe Gold + Aurania Resources + TerraX Minerals + Fission 3.0.
This publication is based on Swiss Resource Capital AG's detailed risk warnings, limitations of liability and disclaimers, which can be viewed here: Disclosure and Disclaimer