New Era As Canada Enters Cannabis Legalization; Workplace Implications Outlined

By Jim Bentein Wednesday, October 17, 2018, 7:05 AM MDT     A senior manager of a company specializing in drug and alcohol testing at worksites says he’s concerned about impediments to implementing legislation and practices that will prevent workplace deaths. Provinces across Canada enter a new era today with the legalization of cannabis. It’s something industry has been preparing for, for some time. Dan Demers, who specializes in drug and alcohol testing for CannAmm Occupational Testing Services, which has offices in Edmonton and North Bay, Ont., said he doesn’t believe governments have taken enough steps to protect Canadians, at worksites and on roadways, as marijuana becomes legal countrywide today. And Demers thinks the sheer size of the marijuana sector, with companies such as Canopy Growth Corporation having stock market capitalizations in the billions, will prevent governments from moving ahead on needed legislation and marijuana research. “I worry that the cannabis producers will outspend energy … Continue reading

US Equities Mount Impressive Early Recovery

October 16, 2018 Chris Vermeulen As fast as the downside breakout occurred, the upside recovery appears to be taking place as Q3 Earnings begin to hit the news wires.  This past weekend, the news cycles and market experts all seemed to have opinions about where the US equities market was headed after last week’s price collapse.  We’ve read everything from warnings of a $20 trillion dollar collapse to seeing Bloomberg’s SMART INDEX chart showing equity valuations are near historic market bottoms.  It seems everyone wanted to get out and share their opinions – I guess we are no different. The facts still remain the same, until the global market dynamics change and the US equities markets break the defined price channels that have been well established, we do not see any reason to consider a 6~8% correction life-threatening.  In the total scope of the price range, this move represents less … Continue reading

Keep A Proper Perspective About This Recent Move

October 14, 2018 There has been quite a bit of information and opinion in the news recently regarding the recent downside price action in the US Equities markets.  We’ve seen everything from “The sky is falling” to “The markets will rally into the end of the year”.  If you’ve been following our research and analysis, you already know what we believe will be the likely outcome and if not – keep reading. There are a number of key components of the global economy that are of interest currently; US Treasuries, Precious Metals, Emerging Markets, the European Union, Trade Issues and Capital Shifts. When one considers the scope of the entire global market environment in terms of these individual issues, a fairly clear picture of what is really happening begins to take shape.  Here is our summarized opinion of the current state of the global markets. Capital is shifting (again) as … Continue reading

Resource Big News Roundup: Avrupa Minerals Retains 100% of Alvito Project; First Cobalt Assessing Restart of Canadian Refinery; IDM Mining Granted Provincial Environmental Assessment Certificate for the Red Mountain Gold Project

By Danielle Adams

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This week, the S&P/TSX Composite index (INDEXTSI:OSPTX) continued its trend from last week and steadily dropped. On Friday, the index rose due to gains in healthcare. The S&P/TSX Venture Composite Index (INDEXTSI:JX), meanwhile, continued its trend from last week and steadily dropped, but recovered slightly towards the end of the week.

In case you missed it, here is this week’s resource big news roundup:

Base:

Critical:

Diamond:

Energy:

Precious:

To see our previous Resource Investing Big News Roundups, please click here.


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US Transportation Index Suggests Bottom May Be Forming

October 11, 2018 Chris Vermeulen Our research team, at www.TheTechnicalTraders.com, is alerting our members that the Transportation Index has reached its first level of support near 10,500 and this level may be the start of an extended bottoming formation.  If you have been following our research posts, you already know that we predicted this recent downside price swing over 3 weeks ago with our Adaptive Learning Predictive Modeling systems.  You will also understand that our modeling systems suggest this move may not end till early November (somewhere between November 8~12).  Keeping this in mind, we are now alerting you to be prepared for the following. This Weekly US Transportation Index chart highlights what we believe will become support for the US stock markets.  The 10,500 level, highlighted by the GREEN horizontal line, is a key support level that goes all the way back to late 2017 and early 2018.  This level will … Continue reading

Commodities and the Dollar

October 10, 2018 A unique setup has occurred in the UUP (Invesco DB US Dollar Index) that resembles an Engulfing Bearish type of pattern (even though it is not technically an Engulfing Bearish pattern).  Technically, an Engulfing Bearish pattern should consist of a green candle followed by a larger red candle whereas the red candle’s body (the open to close range) completely engulfs the previous candle’s body.  In the instance we are highlighting in this article, a unique variation of what we’ll call a “Completely Filled Engulfing Bearish” pattern is setting up. This is when two red candles setup in an Engulfing Bearish type of formation – omitting the requirement that the first candle be green.  Japanese Candlesticks help us to identify the psychology of the market price in relation to our other specialized tools.  We believe this formation is important because both of the red candlesticks that make up … Continue reading

RNC Minerals Recovers 90-kilogram Specimen Slab from Beta Hunt

By Olivia Da Silva

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Fresh off a major discovery, RNC Minerals (TSX:RNX) has recovered the first specimen slab from the Father’s Day vein at its Beta Hunt mine in Western Australia.

Weighing in at 90 kilograms, the slab is estimated to contain 1,000 ounces of gold.

Cut in the field, the slab shows visible gold and quartz structures; going forward, the slab will be cut into smaller specimen slabs to highlight coarse gold and other mineral features. Once all the slabs have been cut, final weights and gold content will be determined for each.


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Mining operations to remove a second large specimen slab from the Father’s Day vein are still ongoing, with the expectation that additional high-grade coarse gold will be extracted over the next week.

“We expect that these spectacular specimen slabs will be highly sought after by mineral specimen collectors. With a minimum of 30-35,000 ounces expected from the Father’s Day vein area, the company will be in a substantial net cash position to fully fund its upcoming activities,” RNC President and CEO Mark Selby said in a statement.

RNC Minerals discovered the Father’s Day vein last month, unearthing over 9,000 ounces of gold from a space the size of a living room. The find was later boosted to 24,000 ounces of gold worth $38 million.

While the company had previously put Beta Hunt up for sale in March, later selecting a preferred bidder in July, the major September news made RNC reconsider its options for the mine.

“The for sale sign is off the lawn,” Selby previously told the Investing News Network. “We think it has the potential to be a very large, long-life gold asset and a great addition to the Kambalda-Kalgoorlie area.”

Image courtesy of RNC Minerals.

Don’t forget to follow us @INN_Resource for real-time updates!

Securities Disclosure: I, Olivia Da Silva, hold no direct investment interest in any company mentioned in this article.


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Great Panther Silver Reports Third Quarter 2018 Production Results and Provides Corporate Update

By Ashley Cowell

Great Panther Silver (TSX:GPR; NYSE:GPL) (“Great Panther”; the “Company”) announces production results for the third quarter (“Q3”) 2018 from its two wholly-owned Mexican silver mining operations: the Guanajuato Mine Complex (“GMC”), which includes the San Ignacio Mine, and the Topia Mine in Durango.

Nine Months ended September 30, 2018 (Compared to the Nine Months ended September 30, 2017)

  • Silver production decreased 3% to 1,419,712 silver ounces (“Ag oz”)
  • Gold production decreased 3% to 16,060 gold ounces (“Au oz”)
  • Lead and zinc production increased 75% and 41%, respectively
  • Consolidated metal production increased 11% to 3,219,182 silver equivalent ounces (“Ag eq oz”)(1)
  • Ore processed increased 4% to 284,985 tonnes

Third Quarter 2018 Production Highlights (Compared to Third Quarter 2017)

  • Silver production decreased 16% to 448,840 Ag oz
  • Gold production decreased 19% to 4,737 Au oz
  • Lead and zinc production increased 29% and 14%, respectively
  • Consolidated metal production decreased 5% to 1,023,128 Ag eq oz(1)
  • Ore processed decreased 1% to 92,920 tonnes
(1) Ag eq oz for 2018 presented in the press release are calculated using an 80:1 Au:Ag ratio, and ratios of 1:0.0636 and 1:0.0818 for the price/ounce of silver to price/pound of lead and zinc respectively. Comparative Ag eq oz for 2017 are calculated using a 70:1 Au:Ag ratio, and ratios of 1:0.0559 and 1:0.00676 for the price/ounce of silver to price/pound of lead and zinc respectively. The changes reflect changes in the prices of gold, lead and zinc in relation to the price of silver in 2018 relative to 2017. Prior disclosure of 2018 Ag eq oz production results were computed on different ratios. Please refer to notes in the applicable disclosures.

“We remain on track to meet our production guidance for 2018 with good year-to-date production performance, despite a decline in silver and gold production for Q3 compared to Q3 of last year”, stated James Bannantine, President & CEO. “Given the sustained low metal price environment, we adjusted our mine plan in the third quarter to exercise the flexibility between our mines and plant to reduce mining of higher cost stopes at the Guanajuato Mine. This was a factor accounting for the relative decline in silver and gold production in the third quarter, along with lower grades and recoveries at the GMC and a particularly strong quarter of production for Q3 of 2017. We also initiated other cost reduction measures at our Mexican operations to address the low metal prices. Our focus over the coming months will be on completing the acquisition of Beadell Resources Limited, as well as continuing to progress the Bulk Sample Program at our Coricancha Mine in Peru and advance to a production decision in early 2019.”

(1) Silver equivalent ounces for 2018 were calculated using an 80:1 Au:Ag ratio, and ratios of 1:0.0636 and 1:0.0818 for the price/ounce of silver to price/pound of lead and zinc, respectively. The ratios are reflective of average metal prices for 2018.
(2) Silver equivalent ounces for 2017 were calculated using a 70:1 Au:Ag ratio, and ratios of 1:0.0559 and 1:0.0676 for the price/ounce of silver to price/pound of lead and zinc, respectively, and are reflective of average metal prices for 2017.

Guanajuato Mine Complex

In Q3 2018, production at the GMC included silver production of 448,840 oz and gold production of 4,737 oz, which represent a 16% and 19% decrease, respectively, compared to the same quarter in the previous year. During Q3 2018, we took steps to reduce mining of higher cost areas of the Guanajuato Mine. This was partly offset by an increase in ore feed from the San Ignacio Mine. Although San Ignacio has a lower overall mining cost, metal production was also affected by lower grades reflecting variability in the mineralization. The increase in Ag eq oz production reflects the change in the relative Au to Ag price as reflected in the Au:Ag ratio used to compute Ag eq oz.

The San Ignacio mine accounted for 76% of the total ore processed at the GMC in Q3 2018, compared to 58% in Q3 2017.

(1) Silver equivalent ounces for 2018 were calculated using an 80:1 Au:Ag ratio, and ratios of 1:0.0636 and 1:0.0818 for the price/ounce of silver to price/pound of lead and zinc, respectively. The ratios are reflective of average metal prices for 2018.
(2) Silver equivalent ounces for 2017 were calculated using a 70:1 Au:Ag ratio, and ratios of 1:0.0559 and 1:0.0676 for the price/ounce of silver to price/pound of lead and zinc, respectively, and are reflective of average metal prices for 2017.

Topia Mine

In Q3 2018, silver and gold production from the Topia Mine declined 2% and 14%, respectively, compared to the same quarter in the previous year. Lead and zinc production increased 29% and 14% compared to the same quarter in the previous year, which contributed to the 15% increase in metal production in the quarter. The rise in metal production is attributed to higher tonnage processed coupled with higher lead and zinc grades.

The increase in ore processed is the result of a combination of mining areas with wider veins, as well as higher mill availability due to improved operational efficiencies.

The production tonnage in Q3 2018 saw lower silver and gold grades compared to the same quarter in the prior year. However, the decrease in silver and gold grades was more than offset by the increased lead and zinc grades.

(1) Silver equivalent ounces for 2018 were calculated using an 80:1 Au:Ag ratio, and ratios of 1:0.0636 and 1:0.0818 for the price/ounce of silver to price/pound of lead and zinc, respectively. The ratios are reflective of average metal prices for 2018.
(2) Silver equivalent ounces for 2017 were calculated using a 70:1 Au:Ag ratio, and ratios of 1:0.0559 and 1:0.0676 for the price/ounce of silver to price/pound of lead and zinc, respectively, and are reflective of average metal prices for 2017.

OUTLOOK

Cash cost and AISC for Q3 2018 will be higher than full year …read more

From:: Investing News Network

BTU Mobilizes Crews to Dixie Halo Property Contiguous to Great Bear’s Dixie Project, Red Lake District, Canada

By Ashley Cowell

™

BTU Metals Corp. (TSXV:BTU)(“BTU” or the “Company”) announces that crews have mobilized for a site visit on the Company’s Dixie Halo property, which adjoins the northern and eastern boundaries of Great Bear Resources Corp.’s (TSXV:GBR) Dixie Project located in the Red Lake District of Ontario. Great Bear recently reported the SLZ discovery in drill hole DSL-004, at only 75 metres (m) of vertical depth, returning 1.75 m of 101.05 grams per tonne gold (“g/t gold”) within a vein zone of 10.35 m of 18.23 g/t gold (see PR dated Sept. 27, 2018). The new discovery has generated an online staking rush in the area with the Company’s Dixie Halo viewed as the closest to, and one of the most strategically located property positions in this emerging gold camp. In addition, Great Bear has recently raised over $10 million with funds focused towards exploration of the Dixie Lake project.

The site visit is led by both the Company’s VP of Exploration, Don McKinnon, as well as independent director Doug Hunter (P.Geo).

One priority target is located on the southern portion of the Dixie Halo property, where previous work by Laurentian Goldfields (now Pure Gold Corp.) outlined a significant Mobile Metal Ion (MMI) geochemical gold anomaly approximately 500 by 700 meters in area. MMI™ measures metal ions that travel upward from mineralization to unconsolidated surface materials such soil, till, sand and so on. These mobile metal ions are released from mineralized material and travel upward toward the surface. MMI It is especially well suited for terrain with extensive overburden cover such as the Dixie Lake area, and this geochemical procedure is widely applied for buried Archean gold mineralization.

The technical contents of this news release were approved by Douglas Hunter, PGeo, a qualified person as defined by the National Instrument 43-101. The properties have not been the subject of an NI 43-101 technical report.

About BTU Metals Corp

BTU Metals is a Canadian-based junior exploration company focused on developing its Galway Gold project located in Ireland and the Shakespeare Gold project in Ontario. For more information on BTU Metals Corp. please visit our website located at www.btumetals.com.ON BEHALF OF THE BOARD

“Paul Wood”

Paul Wood, CEO, Director

FOR FURTHER INFORMATION, PLEASE CONTACT:

Telephone: 1-604-683-3995

Toll Free: 1-888-945-4770

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.

FORWARD LOOKING STATEMENTS: This news release contains forward-looking statements, which relate to future events or future performance and reflect management’s current expectations and assumptions. Such forward-looking statements reflect management’s current beliefs and are based on assumptions made by and information currently available to the Company. Investors are cautioned that these forward looking statements are neither promises nor guarantees, and are subject to risks and uncertainties that may cause future results to differ materially from those expected. These forward -looking statements are made as of the date hereof and, except as required under applicable securities legislation, the Company does not assume any obligation to update or revise them to reflect new events or circumstances. All of the forward-looking statements made in this press release are qualified by these cautionary statements and by those made in our filings with SEDAR in Canada (available at WWW.SEDAR.COM).

Click here to connect with BTU Metals Corp. (TSXV:BTU) for an Investor Presentation.

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Enforcer Gold Announces Filing of NI 43-101 Technical Report for Roger Gold-Gopper Project

By Ashley Cowell

Enforcer Gold Corp. (TSXV:VEIN) (“Enforcer” or the “Company”) is pleased to announce it has filed on SEDAR (www.sedar.com) a National Instrument 43-101 Technical Report titled “NI 43-101 Technical Evaluation Report on the Roger (1206) Property” and dated October 9, 2018 (the “Technical Report”) by Geoloica Groupe-Conseil Inc. and GeoPointCom Inc.

The Technical Report supports the disclosure of the mineral resource estimate presented in Enforcer’s press release dated September 18, 2018.

As previously announced, the 7,400 m Phase 2 diamond drilling program is underway with ~80% of the program dedicated to expanding and upgrading the current resource estimate and ~20% allocated to exploration drilling outside of the resource area. Enforcer is fully funded to cover the Phase 2 program which in turn will exceed its year 2 spending obligation of $750,000.

Pit-Constrained Mineral Resource Estimate on the Mop-II Gold-Copper Deposit – July 4, 2018

Note: Details of the 2018 mineral resource estimate are provided in the Company’s press release dated September 18, 2018. Mineral resources that are not mineral reserves do not have demonstrated economic viability.

About SOQUEM

SOQUEM Inc., a subsidiary of Ressources Québec, is a leading player in mineral exploration with its mission to explore, discover and develop mining properties in Quebec. SOQUEM has participated in more than 350 exploration projects and contributed to major discoveries of gold, diamonds, lithium and other mineral commodities in Quebec.

About Enforcer Gold Corp

Enforcer Gold Corp is a Canadian-based mineral exploration company and is earning a 50% interest in the royalty-free Roger project from SOQUEM. Roger hosts the Mop-II gold-copper deposit located 5 km from the historic mining center of Chibougamau, Quebec. To date, 58,000 m of diamond drilling have been completed at Roger property and underground exploration undertaken in 1988 included 1,177 m of development and over 1,000 m of chip sampling. Enforcer also holds a 100% interest in the Waswanipi gold project located 125 km west of Chibougamau. Both projects are situated within the prolific Abitibi greenstone belt, which has produced over 180 M oz. of gold and over 450 Mtonnes of copper-zinc ore since the early 1900s.

Enforcer’s VP Exploration, Antoine Fournier, PGeo, is a Qualified Person as defined by National Instrument 43-101 and has reviewed and approved the content of this news 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 news release.

This news release contains “forward-looking statements” that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur, and include, without limitation, statements regarding the Company’s plans with respect to the exploration of its Roger project, the exploration potential and analogous deposit potential of the Roger project and the timing of the Company’s exploration programs. Such forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, the results of exploration activities; the ability of the Company to complete further exploration activities; the ability of the Company to complete transactions on terms announced; timing and availability of external financing on acceptable terms and those risk factors outlined in the Company’s Management Discussion and Analysis as filed on SEDAR. Enforcer Gold does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Click here to connect with Enforcer Gold Corp. (TSXV:VEIN) for an Investor Presentation.

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From:: Investing News Network