Hour 1 – Election Impacts On Markets and Gold Stock Portfolios
A very happy July 4th to everyone in the US. I hope you all enjoy this weekend’s show. Please send me any feedback or questions to Fleck@kereport.com.
Segment 1 and 2 – Jesse Felder kicks off the show with a breakdown of how the markets will react to either a Trump or Biden election win. We also discuss the lack of breadth in the markets and how Jesse is viewing the overall gold market.
Segment 3 – Brien Lundin is up next with comments on how he is managing a portfolio of gold and silver stocks that all are moving higher. We also look at a couple other resource sectors where money will flow into next.
Segment 4 – Erik Wetterling wraps up the show with comments on a number of gold stocks.
Integra Resources – Overview of the DeLamar Property with a focus on the exploration drilling this year
Integra Resources (TSX.V:ITR – OTCQX:IRRZF) has been brought up a number of times on the show especially after the new discovery holes from last year.
George Salamis, President and CEO of Integra Resources joins me for a complete overview of the Company. We focus on the DeLamar Project in Southern Idaho. We start with a quick overview of the current resource and PEA details from last year. Then we focus on the planned exploration at the project. After the high grade results from last year’s drilling there is a lot of optimism about the drilling taking place this year.
If you have any follow up questions for George regarding Integra please email me at Fleck@kereport.com.
Comments on insider buying in the metals sector and a look into the recent Integra Resources drill results
Byron King, Editor of the Gold Speculator joins me today to discuss a couple companies as well as the insider buying that we are seeing in the resource sector. We start with the insider buying of stocks. While this is usually a good sign it is important to note that in some stocks the insiders are the only bid. We then move into a recap of the Integra Resources drill results that seemed good on paper but did not benefit the stock. To wrap it up Byron also shares a recent conversation he has with the team over at First Mining Finance.
Please comment or email if you would like Byron and I to look into any other stocks that you are interested in or holding – Fleck@kereport.com.
Vancouver-based Integra Resources has received positive results from metallurgical testing of samples from its DeLamar and Florida Mountain gold-silver deposits about 160 km from the capital, Boise.
From six Florida Mountain oxide samples, recoveries of 83.3% gold and 39.7% silver were achieved in bottle roll tests. The same oxide sample composites had 72.4% gold and 23.4% silver recoveries after 23 days of a 63-day preliminary column leach test. Integra says the success of the column flotation tests indicate that the deposit could be successfully heap leached.
The deeper un-oxidized mineralization from DeLamar will probably be more amenable to flotation. Historical work demonstrated good recoveries in sulphide concentration, fine grinding and cyanidation.
Integra is working on a preliminary economic assessment for the DeLamar project due out in H2 2019. Several processing options will be considered.
The inferred resource for both Florida Mountain and DeLamar deposits is 154.5 million tonnes grading 0.45 g/t gold for 2.27 million contained oz. The silver grade averages 21.92 g/t for 108.5 million contained oz. The gold equivalent grade is 0.71 g/t or 3.5 million contained oz.
The historic DeLamar mine was closed in 1998 after producing 1.6 million oz. of gold and 100 million oz. of Senile.