Jordan Roy-Byrne – Techncial Commentary – Fri 18 Jan, 2019

Gold Still In A Downtrend But The Downside Is Limited

Jordan Roy-Byrne, Founder of The Daily Gold breaks down the gold and GDX charts. Although this recent bounce is dissipating it has taken the metal up to the higher part of is trend. Unfortunately this trend is still a downtrend but the downside is limited. Jordan shares some key levels to watch.

Click here to visit The Daily Gold website for more in depth metals commentary.

Chris Kimble – Kimble Charting Solutions – Fri 18 Jan, 2019

Gold and Gold Stock Focused Charts – It Is So Close To Breaking Out

Chris Kimble, Founder of Kimble Charting Solutions joins me this week to break down a wide range of gold focused charts. Follow along below with the charts we discuss. Overall there are a number or charts close to breakout levels that could provide a major boost to the sector but they are not quite there.

Dana Lyons Commentary – Thu 17 Jan, 2019

It Is Time To Fade The US Market Rally – But Where Does It Go From Here?

Dana Lyons, Fund Manager has been spot on calling the recent moves in the markets. At the tail end of December he was playing a bounce in the markets and now Dana is expecting this bounce to be done with. The important discussion is how this next move will play out. There is the potential of a fast and severe drop that brings everything down with it.

Click here to visit Dana’s free blog.

And click here to visit Dana’s subscriber site where he shares his more in depth investment strategies.

Craig Hemke from TF Metals Report – Thu 17 Jan, 2019

Outlining Some Similarities Between 2010 and 2019

Craig Hemke, Founder of TF Metals Report shares some insights on a recent article her wrote comparing 2010 to 2019. We look at Fed policy, general sentiment for the metals, and overall market positioning. Be sure to read his full article posted below.

Click here to visit Craig’s site for more metals commentary.

Here is the article looking at the scenario in 2019.

By Craig Hemke

For each of the past several years, we’ve written January posts that helped to serve as a road map for the year ahead. Though crystal ball gazing is an inexact science, on balance we’ve done a pretty good job with these forecasts. As 2019 dawns, we thought we should give it another try today.

Let’s begin with where we’ve been…

After the election of Trump in November 2016, a narrative was quickly assembled and shoved down our collective throats. This narrative included a strong dollar, a bursting of the bond bubble, a roaring stock market and falling gold prices. We felt this was mostly garbage, and we wrote about it here: https://www.tfmetalsreport.com/blog/8103/questioni…

Heading into 2018, the establishment theme was a strong dollar that would drive the U.S. economy and stock market forward. Again, this was all supposed to lead to falling gold prices. We didn’t buy it, and instead listed three primary themes that would drive events through the year. You can read all about it here: https://www.tfmetalsreport.com/blog/8755/three-the…

So, how’d we do?

Again, on balance we did quite well. Yes, the stock market rose in 2017, but the dollar fell, the bond market bubble did not burst and gold prices gained more than 10%. And last year, despite all of the dollar bullishness that permeated and drove most markets, the dollar index only gained 4.6%, and by late in the year, the Political Risk that was listed as Theme #1 was definitely taking hold and driving the dollar lower. Yes, the price of gold fell in 2018, but in the end, the decline was less than 3%—a far cry from the doom and gloom so many generalists had predicted.

Thus here we are in 2019, and the time has come again to post some long-term projections. What excitement will the year bring, and how will all of this impact gold and silver prices?

Well, if you’re a member of this site, then you likely already know where we’re headed with this. If you’re not, then perhaps the title of this post gives it away. To put it succinctly, the year 2019 will closely resemble the year 2010 in regards to the economy, the dollar and Fed policy. Most importantly, these factors will all combine to drive gold and silver prices to their best year since 2010—when COMEX gold rose nearly 30% and COMEX silver rose by an amazing 83%! We may not be able to duplicate these gains in 2019, but we’re going to do pretty well. That’s almost certain.

And why do we say this with such confidence? Again, the answers lie in the macro-similarities to 2010. To wit:

  • The U.S. economy began 2010 in a recovery mode from The Great Financial Crisis. The mainstream media banged on incessantly about “green shoots”, and GDP growth was positive. In fact, Q2 of 2010 saw GDP grow by 3.7%, Q3 was +3.0% and Q4 was +2.0%.
  • The Fed had initiated the first QE program to monetize the debt in March of 2009, but it was completed in 2010. It was generally considered a one-off and a success—and also never to be needed or repeated again.
  • And the dollar rose, as the U.S. economy was perceived to be recovering faster than the rest of the world. The dollar index posted a 2010 gain of 1.5%.

For the just-completed 2018:

  • The U.S. economy was reported to have grown nicely, with gains of 2.2% in Q1, 4.2% in Q2 and 3.3% in Q3.
  • The Fed hiked the fed funds rate every quarter to the point where this overnight rate is now at 2.50% and the full yield curve is essentially flat.
  • And the dollar rose, as the U.S. was perceived to have the strongest developed economy. As mentioned above, the total gain for the dollar index in 2018 was 4.6%.

Turning back to a decade ago, the U.S. never made it to renewed prosperity in 2011. After peaking in Q2 2010, the U.S. economy began to visibly slow and the dollar began to decline with it. Similarly, a funny thing happened on the way to higher interest rates and balance sheet normalization in 2018. Just as in 2010, the U.S. economy began to slow and the dollar began to decline.

And now here we are, with a sense of deja vu all over again. Under similar circumstances, the Fed reverted to their original intentions in November of 2010 and announced what was dubbed “QE2”, a second QE program that promised another $600B in bond buying. This plan allowed the Fed to buy even more garbage securities from their member Banks, as well as monetize an additional $300B in U.S. debt. The market reaction was swift and consequential by late 2010.

Through 2011, the dollar fell sharply and a crisis of confidence grew to the point where in August 2011, U.S. gridlock, government shutdown and debt ceiling debates led to the first S&P downgrade of U.S. credit quality in history.

As you’ll recall, the dollar prices of gold and silver skyrocketed. As 2010 began, COMEX gold was trading near $1100 per ounce. By early September 2011, it reached $1920. COMEX silver was even crazier. It began 2010 near $17 and was still just $18 in early August. However, the crisis of confidence brought about by the reversal of Fed policy (QE2) and an epic short squeeze of The Banks in early 2011 led to a peak of $48 by late April 2011. Yes, that was a gain of nearly 150% in about eight months.

Can this happen again? Of course it can. A better question is: will it happen again? And now we get to the point of this post.

As laid out above, economic conditions and Fed policy as we begin 2019 are very similar to what we experienced in 2010. This alone should get your attention. However, consider all of the additional extenuating circumstances at present:

  • Political discord in the U.S. is at levels unseen for decades, with the very high likelihood of congressional investigations and even impeachment of the president. Not only will this serve to create massive legislative gridlock, it will also derail any hope and confidence the American consumer may have for the year ahead.
  • Falling consumer and business confidence will lead to economic slowdown, lower tax revenue at all levels and falling home prices.
  • All of this leads to an exacerbation of U.S. government debt levels. With trillion dollar deficits projected through the next decade (and these are based upon 2+% economic growth!), the U.S. national debt will explode, along with the interest costs to service this accumulated debt.
  • And this will matter in 2019. The total debt in 2010 was just $12B, and there was hope that the U.S. could “grow out of it”. The next recession will finally bring with it the realization that that’s not possible.

Ultimately, The Fed will be forced to reverse their current policy of rate hikes and balance sheet reduction. Will they hike the fed funds rate again in March? I have no idea, and frankly, I couldn’t care less. They will either not hike in March and begin a move toward rate cuts and QE by later this year OR they will hike fed funds in March and begin a move toward rate cuts and QE by later this year. So what’s the difference?

COMEX gold and silver have already begun to decipher the situation, and THIS is the reason they have begun to move higher after bottoming for good back in November. Oh sure, the stock market weakness of December helped with a few extra bids, but that influence was minor compared to the awakening that gold and silver have had to the pending Fed changes and fiscal crises of 2019.

We’ve often stated recently that the calendar year of 2019 will see COMEX gold and silver post their best gains since 2010. Of this, we are completely certain. Will these gains be 30% for gold and 80% for silver? Maybe, but probably not. We were early by about six months in projecting the economic turn last year, and we may be early by six months in projecting the Fed’s turn in 2019 too. However, what IS certain is that The Fed will eventually be forced to reverse course, just as they did in 2010, and when they do, the reaction in COMEX gold and silver will be even greater than it was in 2011.

Why? Because this time there will be no reversal of course and confidence. The Bernanke Fed was able to convince the world that the $1T of QE3 in 2013 would be beneficial, and lead to a stronger dollar versus the ECB’s euro and the BoJ’s yen. Confidence in the dollar returned, and the metals fell dramatically. Not this time. Eight years down the road have led us to a place where, once the realization sets in that the central banks have no broad plan and that all they can do is create fiat currency, the COMEX metals will soar and then remain on an upward trajectory for the foreseeable future.

Of course now, don’t go thinking that this will be easy and that The Banks will simply stand down and allow prices to run. Experience has taught us that this will NEVER be the case! Instead, expect COMEX precious metal prices to resume the typical bull market pattern that we witnessed from 2002-2011. Price will move two steps forward while Specs accumulate longs and Banks issue shorts, and price will fall one step back as the inevitable “Spec Wash and Rinse” occurs. However, the overall trend and momentum will be undeniably higher for all of the reasons laid out in this post.

So, go now and begin to plan accordingly. Diversify your portfolio by following the lead of the Chinese, the Russians and many other sovereigns with dollar reserves. Perhaps you might accumulate a few mining shares, after doing some thorough research and due diligence. And, most importantly, add to your stack of physical precious metal while you still can and while prices remain at these affordable levels.

David Erfle – Gold Market Commentary – Thu 17 Jan, 2019

Weekend Show Preview – How To Structure A Metals Portfolio

David Erfle, Founder of The Junior Miner Junky is kicking off the second hour of this weekend’s show with a preview to what he will be speaking about at the Vancouver Resource Investment Conference. David will be speaking on how to build a portfolio of resource companies.

Be sure to tune into the weekend show for a couple companies David is recommending.

Click here to visit The Junior Miner Junky website.

Company News – Wed 16 Jan, 2019

Osisko Metals 2019 Outlook

Osisko Metals (TSX.V:OM & Frankfurt:OB5) released news yesterday providing an outlook for 2019. If you have any questions on the plans for this year please email me at Fleck@kereport.com and I will be happy to get those addressed.

Click here to listen to the most recent interview with Osisko Metals President and CEO Jeff Hussey.

Click here to visit the Osisko Metals website.

Here’s the news…

Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (OM)(frankfurt:OB5) is happy to announce a summary of 2018 highlights and a 2019 corporate and exploration outlook. 

Jeff Hussey, President and CEO, comments: “2018 was a very successful year in which we acquired and advanced projects that have the potential to create shareholder value in a short and opportune time frame — while zinc metal inventories are at critically low levels and with mid-term mine supply forecasted to be less than global demand. The acquisition of the Pine Point Mining Camp (“PPMC”) was completed in February and the Company immediately initiated the largest active drill program in the Northwest Territories, allowing for the rapid definition of a 38 Mt Inferred Mineral Resource Estimate grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb). Osisko Metals is now the only junior in the Americas with a resource of 5.5 billion pounds of zinc and lead that has excellent expansion potential.”

In the Bathurst Mining Camp (“BMC”), we increased our portfolio of projects centered on the Brunswick Belt and acquired the Key Anacon project, which had been privately owned since the 1950’s. Key Anacon has now developed into the most exciting base metal exploration and development project in the BMC following significant exploration success in 2018, and we will continue to build on this momentum in 2019.”

2018 Highlights:

PPMC: Completed 55 kilometres of predominantly resource definition drilling and published a Maiden NI43-101 Mineral Resource Estimate (“MRE”) on December 6 [th] , only 9 months after the acquisition.

  • A NI43-101 near-surface, pit-constrained Inferred MRE of 38.4 million tonnes grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb) that contains 3.9 billion pounds of zinc and 1.6 billion pounds of lead. (See December 6 [th] press release or listen to replay of Pine Point MRE conference call, here).
  • As of December 31st, 2018, 605 drill holes totalling 41,379 metres of in-fill drilling were completed, but not included in the MRE, as these results arrived after the September resource cut-off date. This will convert a significant portion of the Inferred Resources into the Indicated category that can then be used for future economic studies.
  • De-risking initiatives included metallurgical testing, mine planning, environmental baseline studies, including wildlife and archaeological studies, and ongoing negotiations with First Nations and Metis Nation groups. These initiatives will continue in 2019 and expand to include other areas of interest.

BMC (Key Anacon): Completed 49 kilometres of predominantly resource step-out, and definition drilling. Key Anacon is now the flagship project in the BMC. Future drilling will focus on expanding Key Anacon’s high-grade mineralization at both the Main and Titan Zones as mineralization remains open along strike and at depth. There is also 1.5 kilometres of highly favorable and poorly tested stratigraphy between the Main and Titan Zones.

At the Titan Zone, drilling confirmed continuous zinc and lead-rich mineralization to a vertical depth of 400 metres with a 200 metre strike length. The deposit extends over a strike length of roughly 1.2 kilometres and 1,100 metres depth. (See Key Anacon Titan Zone Longitudinal)

  • Several massive sulphide intercepts, up to 85m in thickness, were drilled which included 22.2 metres of 6.07% Zn, 2.19% Pb, 0.92% Cu and 48.8 g/t Ag.
  • Several zinc and lead-rich zones also included significant copper, such as: 21.75 metres of 0.96% Cu, 3.67% Zn, 1.44% Pb, 46.32 g/t Ag; another intersection returned 26.6 metres of 0.93% Cu, 1.79% Zn, 0.88% Pb, 19.08 g/t Ag as well as a third intersection that cut 20.9 metres of 1.84% Cu, 1.92% Zn, 0.65% Pb, 23.73 g/t Ag.
  • A major high-grade Copper Zone is being outlined immediately adjacent to the north of the zinc+lead Titan Zone. It has a strike length of 1 kilometre and a dip extent of 400 to 800 metres, and offers excellent potential to become a significant copper resource. Highlight intersections in the central area include 3.6% Cu over 6.1 metres and another intersection at 2.71% Cu over 6.0 metres. (See Key Anacon Titan Zone Copper Longitudinal)

Main Zone drilling in 2018 intersected a new zone, located 30 metres below the historical resource boundary that consisted of 8.3 metres of massive sulphides grading 10.47% Zn, 3.47% Pb, and 92.0 g/t Ag. The Main Zone deposit remains open along strike and down dip. (see Key Anacon Main Zone Cross Section). In addition to several new intercepts along strike and at depth, drilling also cut 26 metres (true thickness) of 8.94% Zn, 3.14% Pb, and 98.4 g/t Ag in the Main Zone confirming the extremely high-grade core of the historical resources. This hole, along with two others (results pending), will all be used to validate the historical assays prior to a maiden MRE planned for H1 2019. This deposit has significant exploration upside potential.

Corporate Development:

  • To better reflect his involvement in Osisko Metals, Robert Wares was named Executive Chairman.
  • The management team and Board of Directors was reinforced by adding Anthony Glavac as Chief Financial Officer, Lili Mance as Corporate Secretary and Cathy Singer as an Independent Director.
  • The Company completed $17 million in financing above market price in less than favorable market conditions.

2019 Outlook:

PPMC: Definition drilling will continue and a separate brownfield exploration program will be initiated following the completion of a new site-wide digital compilation over the central portion of the project.

  • The Company plans to continue drilling to meet the objective of upgrading the Inferred Mineral Resource to the Indicated category and to follow up on high priority brownfield exploration targets that will be tested following a planned airborne gravity survey. These will complement the new site-wide digital compilation and geological re-interpretation of historical datasets. Incorporation of the 2018 LIDAR topographical high precision survey data will help to further define structural controls associated with the distribution of high-grade mineralization. This was never done in the PPMC that has only been tested to an average depth of 75 metres. Favorable horizons within the flat lying stratigraphy exist to a depth of 300 metres and have been poorly tested. Such potential exists over more than 20 kilometres strike length.
  • The next Indicated and Inferred MRE is planned for 2019 and the resource base will be used for future economic studies following the brownfield exploration program.
  • The Company will also continue to work towards acquiring further historical resources in the PPMC.

BMC:

  • Key Anacon exploration and definition drilling will help to define high grade mineralization with the objective of upgrading the non-compliant historical resource of 1.87 Mt grading 6.93% Zn, 2.63% Pb, 0.16% Cu and 84g/t Ag, into a NI43-101 MRE Indicated and Inferred MRE slated for release in H1 2019.
  • The Gilmour South deposit, including 2018 drill results, will be included in the upcoming Key Anacon MRE.
  • Grassroot exploration will focus on, but will not be limited to, a planned airborne gravity survey area between Key Anacon and Brunswick Belt areas. Re-interpretation of Key Anacon volcanic stratigraphy has outlined a 25-kilometre extension of relatively untested, highly prospective Brunswick Horizon located to the east of the past-producing Brunswick No.12 mine. The Company extensively staked this area in 2018 and now owns 100% of the extension.

Corporate Outlook:

The Company has filed applications for a TSX listing in Canada and an OTCQX listing on the US Exchange. Guidance for the completion of these listings is end of Q1 2019. Following successful listings, the Company expects a significant increase in trading liquidity on both exchanges.

Quebec Genex:

The Company raised $10 million dollars for Quebec base metal exploration slated for 2019. Currently established VMS base metal targets are being drill tested in the Lebel-sur-Quevillon area under the joint venture agreement with Osisko Mining.

A larger generative exploration effort in Quebec will follow this year on virgin target areas defined in 2018 based on a new exploration model developed for the Grenville geological province. The Company intends to issue a news release in the coming weeks detailing these plans as work advances and specific properties are acquired.

Qualified Person

Mr. Robin Adair, Vice President Exploration of Osisko Metals Incorporated is the Qualified Person responsible for the technical data reported in this news release. He is a Professional Geologist registered in New Brunswick.

About Osisko Metals

Osisko Metals is a Canadian exploration and development company creating value in the base metal space with a focus on zinc mineral assets. The Company controls Canada’s two premier zinc mining camps. The Company’s flagship, the Pine Point Mining Camp (“PPMC”), located in the Northwest Territories, has a near-surface, pit-constrained Inferred Mineral Resource of 38.4 Mt grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb), making it one of the largest undeveloped zinc deposits in Canada. Within the Bathurst Mining Camp (“BMC”), located in northern New Brunswick, the Company is focused on drilling and developing the Key Anacon Project, which has a historical resource of 1.87Mt grading 6.93% Zn and 2.63% Pb (9.56% Zn+Pb) and which previously had only sporadic exploration work since the 1960’s. In 2019, the Company will continue to diligently develop and explore in order to confirm and grow both projects. In Quebec, the Company owns 42,000 hectares that cover 12 grass-root zinc targets that will be selectively advanced through exploration.

The above-mentioned historical resources for the Key Anacon Project, obtained from the New Brunswick Ministry of Energy, Mines and Petroleum Mineral Occurrence Database, do not conform to National Instrument 43-101 standards. The Company is reporting the historical estimates for reference purposes only. Neither Osisko Metals nor its consultants have completed sufficient work to verify the historical estimates and a Qualified Person has not done sufficient work to classify the historical estimates as NI 43-101 compliant mineral resource. There is no guarantee that such work will allow conversion of such historical resources. The potential of the Key Anacon Project and the adjacent Osisko Metals claims are considered to be excellent based on the presence of this deposit hosted within the strike length of the favorable Brunswick Horizon, with alteration and folding typically associated in BMC deposits.

For further information on Osisko Metals, visit www.osiskometals.com or contact:
Jeff Hussey 
President & CEO 
Osisko Metals Incorporated 
(514) 861-4441 
Email: info@osiskometals.com 
www.osiskometals.com
Christina Lalli 
Director, Investor Relations 
Osisko Metals Incorporated 
(438) 399-8665 
Email: clalli@osiskometals.com 
www.osiskometals.com

Neither 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.

Cautionary Note Regarding Forward-Looking Information

This news release contains “forward-looking information” within the meaning of applicable Canadian securities legislation based on expectations, estimates and projections as at the date of this news release. Forward-looking information involves risks, uncertainties and other factors that could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward-looking information in this news release includes, but is not limited to, the use of proceeds of the Offering; the timing and ability of the Corporation, if at all, to obtain final approval of the Offering from the TSX Venture Exchange; an exemption being available under MI 61-101 and Policy 5.9 of the TSX Venture Exchange from the minority shareholder approval and valuation requirements for each related party transaction; objectives, goals or future plans; statements regarding exploration results and exploration plans. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, capital and operating costs varying significantly from estimates; the preliminary nature of metallurgical test results; delays in obtaining or failures to obtain required governmental, environmental or other project approvals; uncertainties relating to the availability and costs of financing needed in the future; changes in equity markets; inflation; fluctuations in commodity prices; delays in the development of projects; the other risks involved in the mineral exploration and development industry; and those risks set out in the Corporation’s public documents filed on SEDAR at www.sedar.com. Although the Corporation 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, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. The Corporation disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

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. No stock exchange, securities commission or other regulatory authority has approved or disapproved the information contained herein.

An Overview of Current Sentiment Levels

This sentiment overview was sent to me by Rick Bensignor a relatively new guest to the show and editor of the Bensignor Investment Strategies newsletter. His newsletter is more of an institutional letter but the themes remain the same for everyone.

As Rick notes figures above 84% bulls or beneath 16% bulls are considered extreme.

Remember sentiment very much follows markets but can tell us when we are at extremes. Right now we are seeing very few markets at extreme bullish or bearish levels which could continue in a muddle along fashion for the year. Simply just some food for thought 😉 I’m curious as to what all of you think about any of the markets outlined below.

These levels are all as of last Friday’s Close.

If you want any additional information on Rick’s newsletter please email me and I will put you in touch with him.

Company News – Wed 16 Jan, 2019

Maple Gold Mines Releases a 3D Model That Shows Higher Grade Zones Below The Current Deposit

Maple Gold Mines just released the news highlighted below today. This new 3D model shows multiple untested higher grade zones that are below the current resource at the Douay Deposit. Clearly the Company will be following up on these untested zones but I will be getting more information from The President and CEO Matthew Hornor shortly. Please send me whatever questions you have to Fleck@kereport.com.

Click here to read the full release on the Maple Gold Mines website.

Here’s the news…


New 3D Geological Model Highlights Multiple Higher-Grade Mineralised Zones Untested Below Shallow Depth at Douay Project

Montreal, Quebec–(Newsfile Corp. – January 16, 2019) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) has created a new 3D geological and structural model for its Douay gold project, located on the prolific Casa Berardi Deformation Zone near Val d’Or, Quebec. The Douay deposit currently contains 2,759,000 ounces Au in the inferred category and a further 479,000 ounces Au indicated using a 0.45 g/t Au cut-off grade (Micon 2018)[1]. The Micon 2018 resource does not include the new drill data from the winter 2018 campaign, and is open along strike and down dip. The new 3D model will improve targeting of additional resources in subsequent drill campaigns and forms the foundation for an updated resource estimate.

  • New 3D model based on historical and new exploration results and re-interpretation of the existing and new mineralised envelopes, highlights numerous zones of higher-grade mineralisation throughout the 6km strike length of the Douay deposit (see Figures 1, 2)

  • The higher-grade zones are variably plunging and structurally-controlled by northwest-southeast striking Douay faults and east-west trending faults of the Casa Berardi Deformation Zone (CBDZ)

  • The down-plunge continuity of higher-grade zones has to-date been tested only to shallow depth – the average drill-hole depth at Douay is only ~230m vertical – providing excellent potential for resource expansion to depth (Fig. 2)

  • Additional mineralisation controls and orientations are related to the morphology of more local structures, syenite intrusions and their contacts

Matthew Hornor, Maple Gold’s President and CEO, commented: “Having a more thorough set of structural interpretations and a new 3D geological model establishes a foundation more in line with the standards of a major gold company and marks an important internal milestone for our technical team.”

Fred Speidel, VP, Exploration, added: These new products have strongly encouraged us to pursue down-plunge extensions of higher-grade zones that continue below the current average depth of drilling at Douay. They will also allow us to more accurately target these higher grade zones in our subsequent drill programs.”

2019 Jan 16 NR MGM Creates new 3D Geological Model FINAL

Figure 1: 2D representation of 3D structural model showing distribution of higher-grade mineralized zones (red), within lower-grade envelope (yellow), controlled by the two main sets of structures: the E-W Casa Berardi set (grey) and the NW-SE Douay set (blue). Note trace of longitudinal sections 100mN and 0mN as also shown in Fig. 2 below).

To view an enhanced version of Figure 1, please visit:
https://orders.newsfilecorp.com/files/3077/42228_aade73dbf48e0911_001full.jpg

Cannot view this image? Visit: https://i2.wp.com/orders.newsfilecorp.com/files/3077/42228_aade73dbf48e0911_002.jpg?resize=580%2C326&ssl=1

Figure 2: NW-SE long sections with drill-hole traces, looking NNE, with 25m projection corridor either side. Target areas shown as black ellipses/arrows. Section 100mN shows significant near-surface mineralisation in Porphyry Zone, with mineralisation deepening to the SSW (section 0mN). Section 0mN highlights two separate trends of higher grade mineralisation at Douay West, one of which (black arrow) may provide a link to the Porphyry ZoneApparent closure of mineralised zones at depth reflects absence of drill data, not termination of mineralisation. 100m grid.

To view an enhanced version of Figure 2, please visit:
https://orders.newsfilecorp.com/files/3077/42228_aade73dbf48e0911_002full.jpg

Additional updates pertaining to the new 3D model, pending resource estimate update and new priority drill targets will be provided shortly.

Qualified Person

The scientific and technical data contained in this press release was reviewed and prepared under the supervision of Fred Speidel, M. Sc, P. Geo., Vice-President Exploration, of Maple Gold. Mr. Speidel is a Qualified Person under National Instrument 43-101 Standards of Disclosure for Mineral Projects. Mr. Speidel has verified the data related to the exploration information disclosed in this news release through his direct participation in the work.

Quality Assurance (QA) and Quality Control (QC)

Maple Gold implements strict Quality Assurance (“QA”) and Quality Control (“QC”) protocols at Douay covering the planning and placing of drill holes in the field; drilling and retrieving the NQ-sized drill core; drill-hole surveying; core transport to the Douay Camp; core logging by qualified personnel; sampling and bagging of core for analysis; transport of core from site to the analytical laboratory; sample preparation for assaying; and analysis, recording and final statistical vetting of results. For a complete description of protocols, please visit the Company’s QA/QC page on the website at: http://maplegoldmines.com/index.php/en/projects/qa-qc-qp-statement

About Maple Gold

Maple Gold is an advanced gold exploration and development company focused on defining a district-scale gold project in one of the world’s premier mining jurisdictions. The Company’s ~389 km² Douay Gold Project is located along the Casa Berardi Deformation Zone (55 km of strike) within the prolific Abitibi Greenstone Belt in northern Quebec, Canada. The Project benefits from excellent infrastructure and has an established gold resource3 that remains open in multiple directions. For more information please visit www.maplegoldmines.com.

ON BEHALF OF MAPLE GOLD MINES LTD.

“Matthew Hornor”

B. Matthew Hornor, President & CEO

For Further Information Please Contact: 

Mr. Joness Lang
VP, Corporate Development
Cell: 778.686.6836
Email: jlang@maplegoldmines.com

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 PRESS RELEASE.

Forward Looking Statements:

This news release contains “forward-looking information” and “forward-looking statements” (collectively referred to as “forward-looking statements”) within the meaning of applicable Canadian securities legislation in Canada, including statements about the prospective mineral potential of the Porphyry Zone, the potential for significant mineralization from other drilling in the referenced drill program and the completion of the drill program. Forward-looking statements are based on assumptions, uncertainties and management’s best estimate of future events. Actual events or results could differ materially from the Company’s expectations and projections. Investors are cautioned that forward-looking statements involve risks and uncertainties. Accordingly, readers should not place undue reliance on forward-looking statements. Forward-looking statements include, but are not limited to, statements regarding timing and completion of the private placement. When used herein, words such as “anticipate”, “will”, “intend” and similar expressions are intended to identify forward-looking statements.

Forward-looking statements are based on certain estimates, expectations, analysis and opinions that management believed reasonable at the time they were made or in certain cases, on third party expert opinions. Such forward-looking statements involve known and unknown risks, and uncertainties and other factors that may cause our actual events, results, performance or achievements to be materially different from any future events, results, performance, or achievements expressed or implied by such forward-looking statements. For a more detailed discussion of such risks and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, refer to Maple Gold Mines Ltd.’s filings with Canadian securities regulators available on www.sedar.com or the Company’s website at www.maplegoldmines.com. The Company does not intend, and expressly disclaims any intention or obligation to, update or revise any forward-looking statements whether as a result of new information, future events or otherwise, except as required by law.

[1] Micon 2018: NI 43-101 Technical Report Mineral Resource Estimate for the Douay Gold Project
https://maplegoldmines.com/images/pdf/2018/Douay_NI_43_101_Technical_Report_March_2018.pdf


Chris Temple from The National Investor – Wed 16 Jan, 2019

Summarizing The Brexit Vote, More China Market Intervention, and US Market Technical Levels

Chris Temple joins me today to recap some significant news from yesterday. The Brexit vote failed by a wide margin however the markets more or less brushed it off. China is stepping in again to help save/support its markets which is helping the US markets as well. We wrap up the call by looking at the technical picture for the US markets and provide a general prediction of what this year will look like in a broad sense.

Click here to visit Chris’s site for more information on his newsletter and some valuable free content.