28.06.2017
Read this E-Mail in your browser
Topics:

Sulliden Mining + Gold: Firstly, heavily pressed and now with upside potential + Uranium Energy + Klondex Mines + EnWave + TerraX Minerals + GoldMining + Aguia Resources + Rye Patch Gold + Sibanye Gold + US Gold + Endeavour Silver + Ascendant Resources
Top-News of the Week:
 
Top-Class-Deal: Sulliden Mining sells Troilus for CA$41 million!
Sulliden Mining recently announced a top-class deal! As the company reported, it has entered into an agreement with Pitchblack Resources Ltd. to sell its option to acquire 100% of the Troilus gold Project, located approximately 450 kilometers north east of Val-d’Or. The two-year option agreement for the wholly owned subsidiary of Sulliden to acquire the Troilus Project from First Quantum Minerals Inc. has been in effect since May 2016.
As part of the agreement, Sulliden will sell all the outstanding equity securities of Sulliden Sub to Pitchblack in consideration for the issuance of 100,000,000 shares of Pitchblack to Sulliden. Based on the closing price of Pitchblack’s common shares on June 21, 2017, the deemed sale price for the Sulliden Sub shares is CA$41 million.  Sulliden has also entered into an agreement with 251 Ontario Ltd. to extinguish 251’s option in the Troilus Project in exchange for 251 receiving their pro rata portion of the Consideration.
In May 2016, First Quantum Minerals Ltd. entered into an option agreement with Sulliden Sub to hold a two-year option to purchase a 100% interest in the Troilus Project, with First Quantum retaining a variable net smelter royalty of 1.5% or 2.5% depending on the price of gold. To exercise the option under the Agreement, Sulliden Sub committed to making three cash payments of CA$100,000 to First Quantum. Two of these payments have been made, and the last remaining payment is to be completed on the date of exercise of the option. In addition, Sulliden Sub committed to spend a minimum of CA$1,000,000 on engineering and technical studies to evaluate the economic viability of the project.
With this top-class deal, Sulliden makes CA$41 million out of only CA$ 1.3 million within only a couple of months! With some 41 million issued shares, this deal is worth around CA$1 per Sulliden share. This should be reflected in the company’s share price soon. Potentially some of the Pitchblack shares may be directly transferred to Sulliden’s shareholders.

News: Sulliden Enters Into Agreement With Pitchblack to Sell Its Option to Buy the Troilus Gold Project
 

Market Watch:

Gold: Firstly, heavily pressed and now with upside potential
On June, the 26th 2017, it was once more shown, how vulnerable the gold price is. Or in other words: how easy it can be manipulated. Within only a few minutes, more than 1.8 million ounces of (paper) gold, worth US$ 2.3 billion, have been traded. Famous newspapers like the German Handelsblatt traced this trade back to some kind of “fat-finger” incident, which stands for a simple mistyping by one single trader. We don’t think so and believe, that this was a concerted action, to hold the gold price at bay.
However, it also shows, that the gold price cannot be manipulated as easy anymore, even not with more than 50 tons of it. We now believe, that the gold price will once more try to break through the long-term downwards-trend which would be the start of a heavy rally for gold stocks in fall.

Video:  Gold In Front Of Comeback? Interview with Fundsmanager Udo Sutterlüty
 

Company News:

Klondex Mines and Uranium Energy joined the Russell 3000 Index
Both Klondex Mines and Uranium Energy recently announced, that they have been added to the broad-market Russell 3000 Index.
Annual Russell indexes reconstitution captures the 4,000 largest US stocks as of the end of May, ranking them by total market capitalization. Membership in the US all-cap Russell 3000® Index, which remains in place for one year, means automatic inclusion in the small-cap Russell 2000Ò Index as well as the appropriate growth and value style indexes. FTSE Russell determines membership for its Russell indexes primarily by objective, market-capitalization rankings and style attributes.
Russell indexes are widely used by investment managers and institutional investors for index funds and as benchmarks for active investment strategies. Approximately US$8.4 trillion in assets are benchmarked against Russell’s US indexes. Russell indexes are part of FTSE Russell, a leading global index provider.

News 1: Klondex Set to Join Russell 3000® Index
News 2: Uranium Energy Corp Joins Russell 3000® Index
Video:   Klondex Mines: Increasing Gold Production Up To 225.000 Ounces in 2017
 
EnWave signs two additional development agreements
A short time ago, EnWave reported that the company has signed two additional development agreements.
First, EnWave announced that the Company has signed a Technology Evaluation and License Option Agreement with a leading Australian spice company. The Agreement enables the Research Partner to use Radiant Energy Vacuum (“REV™”) dehydration technology to develop innovative new product applications, as well as improve on their current product offerings. The REV™ machinery will be installed at their facilities in Australia for a term of up to nine months.
Second, EnWave reported that it has entered into a contract with the US Army Natick Soldier R&D Center to jointly develop phytonutrient-rich field rations aimed to improve soldier success.
Therewith, EnWave has two more development partners, which should bring additional orders for the company.

News 1: EnWave Signs Technology Evaluation and License Option Agreement with Major Australian Spice Company
News 2: EnWave Receives Contract from US Army to Jointly Develop Phytonutrient-rich Field Rations
 
TerraX Minerals drastically extends strike at Sam Otto
A couple of days ago, TerraX Minerals reported the final assay results from the 2017 winter drill program at the Yellowknife City Gold Project in the Northwest Territories.  Included in the assays reported today are 9 holes (3,713 m) at Sam Otto, located at the Northbelt property, that have more than doubled the strike length, intersected multiple zones of mineralization parallel to the main system, and extended the depth of gold mineralization to greater than 300 meters.  
Highlights included:
·       123.50 m @ 0.59 g/t Au including 25.07 m @ 1.38 g/t Au in hole TSO17-026
·       143.00 m @ 0.48 g/t Au including 34.50 m @ 1.10 g/t Au in hole TSO17-028
·       97.17 m @ 0.45 g/t Au including 24.00 m @ 1.15 g/t Au in hole TSO17-031
·       77.50 m @ 0.51 g/t Au including 23.75 m @ 1.02 g/t Au in hole TSO17-023
The consistency of wide gold intersections at Sam Otto along the north-south strike of 750 meters and to a depth of 300 meters confirms the existence of a bulk tonnage target with considerable upside potential. Open in all directions, Sam Otto also hosts the Dave’s Pond structure of classic high-grade lode gold targets 300 meters to the west and high-grade zones at Mispickel, 1 km to the northeast.  The company therefore believes, that Sam Otto has potential to host a large, high grade deposit similar to the past producing Con mine to the south. This area is a priority target for generating future mineral resources.

News: TerraX extends strike at Sam Otto Zone from 350 m to 750 m and depth to 300 m; highlights include 123.5 m @ 0.59 g/t Au, inclusive of 25.07 m @ 1.38 g/t Au
 
GoldMining receives approval for acquisition of Yellowknife and Big Sky
GoldMining recently announce, that the Supreme Court of British Columbia has issued an order approving the agreement between GoldMining, its wholly-owned subsidiary and the receiver appointed in respect of Tyhee N.W.T. Corp. under the Bankruptcy and Insolvency Act, pursuant to which the Company will acquire 100% of the Yellowknife Gold Project and nearby Big Sky Property.
The Company's acquisition of YGP and Big Sky remain subject to customary closing conditions, including completion of asset transfers. The Company currently expects the transaction will complete in late-June 2017.

News: GoldMining Announces Receipt Of Key Approval For Its Acquisition Of The Yellowknife Gold Project And Big Sky Property 
 
Aguia Resources gets debt financing for development of Três Estradas
A couple of days ago, Aguia Resources announced, that it has entered into a Non-Binding Memorandum of Understanding (MOU) with Nebari US to provide up to 100% of the financing required for development of Três Estradas via commercially priced debt.
Nebari is based in New York City. The organization is headed by an experienced team of mining professionals with experience working at organizations such as Glencore/Xstrata, Rio Tinto and Newmont as well as finance professionals with experience from JPMorgan, Perry Capital and McKinley Capital. Nebari primarily focuses on the mining industry and invests in debt, equity, convertibles, offtakes, streams and royalties. The founding team also has experience in marketing physical commodities.
Having sufficient funding gives Aguia the confidence that it will be able to execute on its development plans as the Company advances Tres Estradas through to production.

News: Aguia Signs MOU with Nebari US to Provide the Debt Portion of Funding for TRÊS ESTRADAS Development
Video:  Feed The World With Fertilizer  
 
Rye Patch Gold: Macquarie Research sets course aim of CA$0.65!
A couple of days ago, Macquarie Research published a new research report on Rye Patch Gold, together with a course aim of CA$0.65.
Macquarie Research sees two main aspects for Rye Patch Gold’s further positive development: The successful production start at Florida Canyon and the US$5m sale of the Rochester NSR.

News: Florida Canyon - 7 Site Visit Takeaways - Macquarie Research über Rye Patch Gold - Ziel 0,65 CAD
Newsflash: Newsflash #65 with Rye Patch Gold, Sibanye, Treasury Metals & Zinc One
 
Sibanye Gold secures wage agreement for Stillwater
A couple of days ago, Sibanye Gold reported, that it has secured a two-year wage agreement with the United Steel Workers of America, International Union, the representative union at its Stillwater Operations in Montana, USA. Negotiations with the United Steel Workers of America, International Union at East Boulder, will take place at year end.
In terms of the agreement there will be a 2% General wage increase for all job categories effective from 2 June 2017 to 1 January 2018, with a further 1% increase effective from 1 January 2018 to 1 June 2018. A 2% annual increase will be in effect for the second year of the agreement, from 2 June 2018 to 1 June 2019.
With this agreement, Sibanye now has two years of planning reliability regarding wages.

News: Two year wage agreement secured at Stillwater Operations
Newsflash: Newsflash #65 with Rye Patch Gold, Sibanye, Treasury Metals & Zinc One
 
US Gold expands its Nevada concessions and announces symbol change
As US Gold recently announced, the company completed the staking of 102 additional claims for the Keystone Project located on the prolific Cortez Trend. The Keystone Project now consists of 479 unpatented lode mining claims, including the 102 additional and newly-staked claims on the east and south-eastern portions of the property in Eureka County, Nevada. The additional claims comprise about 2,000 acres or 3 square miles (8 square kilometers), bringing the total Keystone land package to 479 total mining claims, 100% controlled by US Gold Corp. The total area of 100% mineral rights control is now about 15 SM (38 SQ KM).
These new US Gold Corp Keystone claims were staked on the assessment of geophysical data and drilling data acquired and analyzed by US Gold Corp in 2016 and 2017. Three of the five vertical core holes completed in late 2016 provided new, important information regarding gold-bearing host stratigraphy, host lithological information, and potential gold deposit model information.
Quality gold deposit target opportunity is demonstrably emerging in the eastern part of the district where previous drilling has been very sparse to non-existent. US Gold Corp will drill one more scout-type informational core hole in this eastern region this year, as soon as access permits.
Furthermore, the company announced that NASDAQ has approved a symbol change from DRAM to USAU. Effective June 26th, the Company’s common shares are trading on the NASDAQ under the trading symbol USAU.
 
News 1: US Gold Corp Stakes 102 Additional Claims at the Keystone Project to Significantly Expand the Nevada Gold Exploration Project
News 2: US Gold Corp. Announces Symbol Change to USAU
Video: Newsflash #64 with Pershing Gold, Alabama Graphite, U.S. Gold & Corvus Gold
 
Endeavour Silver releases Review and Sustainability Report
Endeavour Silver recently announced the release of its 2016 Annual Review and Sustainability Report entitled “Sustainability and Growth”.
Highlights include:
  • Health and Safety: Achieved a 6.6% decrease in reportable injury frequency rate; hired a new Regional Health and Safety Manager to oversee coordinators at each mine
  • Economic: Distributed $140 million in economic value in Mexico (including $40 million in employee wages and benefits, and $17 million in taxes)
  • Employees: Invested in more than 68,000 training hours for 1,600 full-time employees in Mexico, and 5,600 hours of on-the-job mine training for new employees at Terronera
  • Environment: Invested $1.5 million in environmental initiatives; reduced energy consumption by 5%, and planted 34,500 trees
  • Community: Identified potential strategic community investment projects near each mine; invested in community infrastructure projects and local cultural, environmental, sports, health and education projects
  • Recognition: Received the Socially Responsible Company award from CEMEFI (the Mexican Center for Philanthropy) and the Alliance for Social Responsibility for all three mines
Creating benefits for all stakeholders will be even more important going forward as the company plans to build new mines to fuel the next phase of its organic growth.

News: Endeavour Silver Releases 2016 Annual Review and Sustainability Report
 
Ascendant Resources receives high-grade intercepts at El Mochito
Ascendant Resources recently announced results of 29 diamond drill holes (7,447m) as part of its ongoing underground exploration and definition drilling program at its El Mochito Mine in Honduras.
A few significant results include (these are all true widths):
  • HOLE 10846 – 17.6m at 5.3% zinc, 3.8% lead and 83 g/t silver (Palmer Dyke)
  • HOLE 10844 – 8.6m at 10.7% zinc, 4.0% lead and 95 g/t silver (Palmar Dyke)
  • HOLE 10845 – 17.0m at 5.0% zinc, 2.0% lead and 53 g/t silver (Victoria)
  • HOLE 10837 – 5.5m at 17.3% zinc, 3.6% lead and 142 g/t silver (Palmar Dyke)
These initial drill results are well above current mining grades and highlight the incredible potential for additional high grade zinc mineralization at the El Mochito property.

News: ASCENDANT INTERSECTS SIGNIFICANT HIGH-GRADE MINERALIZED INTERCEPTS AT ITS EL MOCHITO MINE
Interview: Ascendant Resources: Q&A With CEO Chris Buncic
Video-Presentation: Ascendant Resources Corporate Video 2017
 
 

 
we recommend:
 
   


We kindly invite you to join our various other Social Media activities as well. Be the first to get the most interesting news and watch videos on our official Youtube channel, or be part of our Facebook family. We are happy to enter into dialogue with you.
YouTube
Facebook
Twitter
 Swiss Resource Capital AG and the authors of the Swiss Resource Capital AG directly own and/or indirectly own shares of the following companies which are described in this publication:
Sulliden Mining + Uranium Energy + Klondex Mines + EnWave + TerraX Minerals + GoldMining + Aguia Resources + Rye Patch Gold + Sibanye Gold + US Gold + Endeavour Silver + Ascendant Resources.

Swiss Resource Capital AG has closed IR consultant contracts with the following companies which are mentioned in this publication: Sulliden Mining + Uranium Energy + Klondex Mines + EnWave + TerraX Minerals + GoldMining + Aguia Resources + Rye Patch Gold + Sibanye Gold + US Gold + Endeavour Silver + Ascendant Resources.


This publication is based on Swiss Resource Capital‘s detailed risk notes, liability limitations and disclaimers, which can be viewed here: Link to SRC’s risk notes and disclaimer
 
Not for use in the USA. Only the German original version is valid. No assurance for translation.  This is only for your information and no financial advise. German Disclaimer

Hinweis gemäß §34 WpHG (Deutschland) und gemäß § 48f Abs. 5 BörseG (Österreich) sowie Art. 620 bis 771 Obligatorenrecht (Schweiz) zu bestehenden Interessenskonflikten der Swiss Resource Capital AG und der Autoren der Swiss Resource Capital AG:
Sowohl die Swiss Resource Capital AG, als auch die Autoren der Swiss Resource Capital AG halten aktuell Aktien von Unternehmen, die in dieser Publikation erwähnt wurden. Es besteht somit ein Interessenskonflikt nach oben genannten Paragraphen. Ferner beabsichtigen sowohl die Swiss Resource Capital AG, als auch die Autoren der Swiss Resource Capital AG in naher Zukunft, sich von Aktienbeständen zu trennen und damit von steigenden Kursen und/oder erhöhter Liquidität der jeweiligen Aktie zu profitieren. Zudem behalten sich sowohl die Swiss Resource Capital AG, als auch die Autoren der Swiss Resource Capital AG vor, jederzeit Aktien von Unternehmen, die in dieser Publikation erwähnt wurden zu kaufen oder zu verkaufen, auch unabhängig von einer Berichterstattung in Publikationen der Swiss Resource Capital AG. Auch hieraus ergibt sich ein entsprechender Interessenskonflikt nach §34 WpHG (Deutschland) und gemäß § 48f Abs. 5 BörseG (Österreich) sowie gemäß Art. 620 bis 771 Obligatorenrecht (Schweiz).
Ferner machen wir darauf aufmerksam, dass die Swiss Resource Capital AG IR-Beratungsverträge (Übersetzungen, Organisieren von Roadshows, Unterstützung bei der Suche nach Investoren bei Kapitalerhöhungen etc.) mit, in dieser Ausgabe erwähnten Unternehmen geschlossen hat und daraus ebenfalls Interessenskonflikte nach §34 WpHG (Deutschland) und gemäß § 48f Abs. 5 BörseG (Österreich) sowie gemäß Art. 620 bis 771 Obligatorenrecht (Schweiz) bestehen.
 
Die Swiss Resource Capital AG sowie die Autoren der Swiss Resource Capital AG halten aktuell Aktien an folgenden, in dieser Ausgabe erwähnten Werten: Sulliden Mining + Uranium Energy + Klondex Mines + EnWave + TerraX Minerals + GoldMining + Aguia Resources + Rye Patch Gold + Sibanye Gold + US Gold + Endeavour Silver + Ascendant Resources.
Die Swiss Resource Capital AG hat mit folgenden, in dieser Ausgabe erwähnten Unternehmen IR-Beratungsverträge geschlossen: Sulliden Mining + Uranium Energy + Klondex Mines + EnWave + TerraX Minerals + GoldMining + Aguia Resources + Rye Patch Gold + Sibanye Gold + US Gold + Endeavour Silver + Ascendant Resources.

Diese Publikation basiert auf den ausführlichen Risikohinweisen, Haftungsbeschränkungen und Disclaimern der Swiss Resource Capital AG, die hier eingesehen werden können:
Risikohinweis und Disclaimer SRC AG
Copyright © *|CURRENT_YEAR|* *|LIST:COMPANY|*, All rights reserved.
*|IFNOT:ARCHIVE_PAGE|* *|LIST:DESCRIPTION|*

Our mailing address is:
*|HTML:LIST_ADDRESS_HTML|* *|END:IF|*

Want to change how you receive these emails?
You can update your preferences or unsubscribe from this list

*|IF:REWARDS|* *|HTML:REWARDS|* *|END:IF|*