Weekend Show – Sat 16 Jun, 2018

By Cory댊 Hour 2 – Tariffs, North Korea, and Trump’s Roll In It All

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KER Politics is back this week! The focus is on tariffs and the concept of free trade as well as the meeting between the US and North Korea. The question is asked just how responsible is Trump for it all…

  • Segment 1: Today we discuss the important political events which occurred this past week and we start with Harlan Ullman on the subject of North Korea.
  • Segment 2: Harlan and I discuss the international trade situation which many in America are critical of today.
  • Segment 3: We wrap up our conversation with Harlan Ullman and Big Al admits that he is not always the prettiest baby in the nursery.
  • Segment 4: We wrap up KER Politics with Larry Amernick.

Segment 1

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Segment 2

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Segment 3

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Segment 4

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From:: The Korelin Economic Report

Weekend Show – Sat 16 Jun, 2018

By Cory댊 Hour 1 – Central Bank Recap and Gold Weakness

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We all knew there was a lot of news that could move markets this week and we were not disappointing. The Fed, ECB and BoJ all released statements along with economic data out of the US and China. The takeaway from the markets was continued US equity and dollar strength and gold and silver weakness, all thanks to the drop on Friday.

On the first hour on this week’s show we focus on the importance of the central bank statements which were all on the hawkish bend and the drop in precious metals. The takeaway is very much don’t worry about the drop in gold and silver but understand it will be while before a major breakout occurs.

  • Segment 1: We kick off with a comprehensive recap of the Fed and ECB statements with Marc Chandler, Head of Global Currency Strategy at Brown Brothers Harriman.
  • Segment 2: Avi Gilburt shares his thoughts on the gold and silver sectors. We review the GLD, silver and GDX charts as well as a quick comment on the US markets.
  • Segment 3: John Kaiser provides his thoughts on the recent drill results out of Skeena Resources and a look at a zinc company he thinks is being ignored.
  • Segment 4: We wrap up the first hour with the President of the Mises Institute Jeff Deist with comments on the Fed and its Chairman Jerome Powell.

Exclusive Company Updates and News


Segment 1

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Segment 2

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Segment 3

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Segment 4

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From:: The Korelin Economic Report

Jordan Roy-Byrne – Techncial Commentary – Fri 15 Jun, 2018

By Cory댊 The Dominoes That Need To Fall To Push PMs Higher

Jordan Roy-Byrne joins me today to share his thoughts on the drop in gold and silver. We also look at the overall investing and economic environment to determine what factors need to charge for a more sustainable run in the metals. Focusing on the big picture and understanding it takes time for things to truly change is important for long term investors.

Download audio file (2018_06_15-Jordan-Roy-Byrne.mp3)

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

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From:: The Korelin Economic Report

David Erfle – Gold Market Commentary – Fri 15 Jun, 2018

By Cory댊 The Precious Metals Bull Trap

With everything getting hit today but gold and silver really dropping David Erfle, The Junior Miner Junkie shares his comments on the metals bull trap. So many of the PM bulls were encouraged yesterday with the small move up by gold and silver in the face of a pop in the USD the bullishness is off the table now. We look to some lower targets and assess how the stocks are reacting.

Download audio file (2018_06_15-David-Erfle.mp3)

Click here to visit David’s site and sign up for his free email list.

…read more

From:: The Korelin Economic Report

Chris Vermeulen – The Technical Traders – Fri 15 Jun, 2018

By Cory댊 The International Safe Have Play Of US Stocks, USD, and PMs

The markets yesterday were fascinating. US markets up (especially tech), USD had a big move up, while precious metals also put in some gain lead by silver. Chris Vermeulen, Chief Investment Strategist over at TheTechnicalTraders.com shares his thought on an over safe haven play from international investors. The PMs along with all things US moving higher, or at least holding gains, in the face of a more hawkish Fed. This could also be a reason for metals stocks to be muted. We discuss it all.

Download audio file (2018_06_14-Chris-Vermeulen.mp3)

Click here to visit TheTechnicalTraders.com.

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From:: The Korelin Economic Report

Brien Lundin Commentary – Fri 15 Jun, 2018

By Cory댊 Is The USD Strength Way Overdone?

Brien Lundin, Editor of Gold Newletter joins me to share his thoughts on why the USD is going to rollover and this will provide the impetus for investors to move into gold. With the strength in gold as the USD had a big move up yesterday as well as US equities in an uptrend it is cause for optimism for gold bulls.

Download audio file (2018_06_14-Brien-Lundin.mp3)

Click here to visit Brien’s Gold Newsletter website.

…read more

From:: The Korelin Economic Report

Richard Postma – The Doctor Is In – Thu 14 Jun, 2018

By Cory댊 Precious Metals Resilience vs Rate Hikes, Rising USD, Falling Bitcoin –

Doc joins me today to focus on gold and silver. Both are holding up very well when considering we had another rate hike, yields are still moving up and the USD is holding its recent gains. We also look at the GDX and GDXJ chars as well as the gold:silver ratio.

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…read more

From:: The Korelin Economic Report

Company News – Thu 14 Jun, 2018

By Cory댊

Skeena Intersects 36.65 g/t Gold over 2.0 Metres at Snip

The news out of Skeena Resources today encompasses drill results from infill drilling at the known mineralized zone as well as the new drilling at the 200 Footwall Corridor. This 200 Footwall is true exploration and could be a major driver for the Company. The area is an unexplored area where Walt and his team are hoping to find another Twin Zone. Hole UG18-091 intersected “5.87 g/t Au over 8.6 m including 26.20 g/t Au over 1.5 m,9.07 g/t Au over 0.5 m and 9.22 g/t Au over 0.5 m”. Walt and I discussed the excitement his team has for this drilling in our past interview. Be sure to click the link below to listen.

Click here to listen to our recent interview looking ahead to the drilling of the 200 Footwall.

Click here to visit the Skeena Resources website for more information.

Please send me any questions you have for Walt. I will be setting up a call with him next week to discuss. Fleck@kereport.com.

…Here’s the news…

New Mineralization Discovered in 200 Footwall Corridor

Vancouver, BC (June 14, 2018) Skeena Resources Limited (TSX.V: SKE, OTCQX: SKREF) (“Skeena” or the “Company”) is pleased to announce additional assays from 11 holes of the Phase II underground drilling program at the Company’s 100% owned Snip Gold Project (“Snip”) located in the Golden Triangle of British Columbia.

The Phase II drilling program totalling 11,000 m is being performed from the existing underground infrastructure utilizing two drill rigs. Building upon the data gathered from the recently completed 2017 Phase I campaign, the 2018 program is designed to further delineate known mineralization with low drill density and to expand newly modelled zones via widely spaced exploratory step-out drill holes. Reference mine sections are presented at the end of this release as well as on the Company’s website.

Phase II Drilling Highlights:

  • 7.27 g/t Au over 3.0 m (UG18-074)
  • 28.25 g/t Au over 1.0 m (UG18-079)
  • 10.95 g/t Au over 2.6 m (UG18-079)
  • 36.65 g/t Au over 2.0 m (UG18-080)
  • 95.00 g/t Au over 0.5 m (UG18-080)
  • 7.87 g/t Au over 3.3 m (UG18-080)
  • 17.60 g/t Au over 1.5 m (UG18-081)
  • 26.20 g/t Au over 1.5 m (UG18-081)

New 200 Footwall Corridor Expands

In an historically unexplored portion of the easternmost footwall mine stratigraphy, Phase II drill hole UG18-081 successfully intersected the recently modelled 200 Footwall Corridor over a wide interval grading 5.87 g/t Au over 8.6 m including 26.20 g/t Au over 1.5 m,9.07 g/t Au over 0.5 m and 9.22 g/t Au over 0.5 m. Spatially, these new intersections correlate with the interpreted strike extension of the 200 Footwall Corridor and represent an up-plunge expansion 100 m east of historic 1997 underground drill hole UG-1701 (26.67 g/t Au over 4.4 m). Past drilling programs by previous operators focused on the historically mined Twin Zone and not the exploration potential of the footwall. As such, these new intersections are open for expansion due to the lack of drilling in this area.

Infill Drilling Continues to Demonstrate Grade Continuity

Delineation drilling of the Eastern Twin Zone and 412 Veining Corridors continues to upgrade geological and grade confidence of the historical database in preparation for a maiden resource estimate at Snip. This is demonstrated by drill hole UG18-080 in the 412 Corridor which intersected 36.65 g/t Au over 2.0 m, including 142.00 g/t Au over 0.5 m. Drill hole UG18-080 also intersected additional 412 Corridor mineralization grading95.00 g/t Au over 0.5 m and Eastern Twin Zone mineralization averaging 7.87 g/t Au over 3.3 m including 45.6 g/t Au over 0.5 m.

About Skeena

Skeena Resources Limited is a junior Canadian mining exploration company focused on developing prospective precious and base metal properties in the Golden Triangle of northwest British Columbia, Canada. The Company’s primary activities are the exploration and development of the past-producing Snip mine and the recently optioned Eskay Creek mine, both acquired from Barrick. In addition, the Company has completed a Preliminary Economic Assessment on the GJ copper-gold porphyry project.

On behalf of the Board of Directors of Skeena Resources Limited,

Walter Coles Jr.

President & CEO

Qualified Persons

Exploration activities at Snip are administered on site by the Company’s Exploration Managers, Colin Russell, P.Geo. and Adrian Newton, P.Geo. In accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects, Paul Geddes, P.Geo. Vice President Exploration and Resource Development, is the Qualified Person for the Company and has prepared, validated and approved the technical and scientific content of this news release. The Company strictly adheres to CIM Best Practices Guidelines in conducting, documenting, and reporting its exploration activities on its exploration projects.

Quality Assurance – Quality Control

Once received from the drill and processed, all drill core samples are sawn in half, labelled and bagged. The remaining drill core is subsequently securely stored on site. Numbered security tags are applied to lab shipments for chain of custody requirements. The Company inserts quality control (QC) samples at regular intervals in the sample stream, including blanks and reference materials with all sample shipments to monitor laboratory performance. The QAQC program was designed and approved by Lynda Bloom, P.Geo. of Analytical Solutions Ltd., and is overseen by the Company’s Qualified Person, Paul Geddes, P.Geo., Vice President Exploration and Resource Development.

Drill core samples are submitted to ALS Geochemistry’s analytical facility in North Vancouver, British Columbia for preparation and analysis. The ALS facility is accredited to the ISO/IEC 17025 standard for gold assays and all analytical methods include quality control materials at set frequencies with established data acceptance criteria. The entire sample is crushed and 250 grams is pulverized. Analysis for gold is by 50 g fire assay fusion with atomic absorption (AAS) finish with a lower limit of 0.01 ppm and upper limit of 100 ppm. Samples with gold assays greater than 10 ppm are re-analyzed using a 1,000 g screen metallic fire assay. A selected number of samples are also analyzed using a 48 multi-elemental geochemical package by a 4-acid digestion, followed by Inductively Coupled Plasma Atomic Emission Spectroscopy (ICP-AES) and Inductively Coupled Plasma Mass Spectroscopy (ICP-MS) finish

Table 1: Snip …read more

From:: The Korelin Economic Report

Gold Market Commentary – Thu 14 Jun, 2018

By Cory댊

Silver/Gold ratio working on 7-year breakout!

The silver/gold relationship is a key one to watch. Silver is finally outperforming gold and more importantly silver moving up while gold is holding steady (even in the face of good economic numbers and a hawkish Fed). As our friend Chris Kimble, from Kimble Charting Solutions points out this ratio is breaking out of a long-term downtrend line. While this ratio could quickly reverse this is a very good sign for the PM bulls and signifies a potential shift in the PM sector.

Click here to visit Chris’s site for more straight forward market comments.

CLICK ON CHART TO ENLARGE

This chart looks at the Silver ETF (SLV), Gold ETF (GLD) ratio over the past 10-years.

Metals bulls want to see this ratio heading higher and since 2011, the opposite has been happening. The large decline over the past 7-years has this key ratio testing important support, where a long-awaited opportunity could be near.

The ratio has found line (1) as support a couple of times over the past decade. It hit this support line of late and is now working on a breakout of 7-year falling resistance at (2). Historically when this ratio is moving higher, it is sending a positive message to both Silver and Gold.

Below looks Silver Futures over the past 7-years-

CLICK ON CHART TO ENLARGE

Silver has been trading in a very narrow range for the past couple of years, as it is forming a narrowing pennant pattern.

It is now testing 2-year and 7-year break out levels at the same time at (1). If Silver breakouts out at (1), it should attract buyers and push Silver higher.

If you would like to stay on top of opportunities in the Silver, Gold, Miners and Copper markets, we would be honored if you were a Metals Member.

…read more

From:: The Korelin Economic Report

Company News – Thu 14 Jun, 2018

By Cory댊

High-resolution Till-sampling Results in Refined Drill Targets for 2018 at Committee Bay

I have received a number of questions for Ivan but unfortunately with my recent travel schedule and Ivan’s we have been unable to lock down a time. The good news is that we have a call planned for next week where we will address the questions that have come in as well as the recent news. This includes the news release from today which is below.

If you have any additional questions for Ivan please email me directly at Fleck@kereport.com.

Click here to visit the Auryn website for more Company information.

…Here’s the news…

Vancouver, British Columbia – June 14, 2018 – Auryn Resources Inc. (TSX: AUG, NYSE American: AUG) (“Auryn” or the “Company”) is pleased to announce that high-resolution till sampling has become an integral layer of data for six targets at Committee Bay, Nunavut. These targets include the already disclosed Aiviq sampling, which was drilled in 2017.

The gold assay results from the high-resolution (100 meter by 100 meter spacing) till surveys across nine regional targets (Figure 1) demonstrate greater precision for identifying the potential source areas of high-grade gold mineralization seen throughout the belt. The results of the surveys have delineated gold-in-till anomalies that are consistent with the size of potential deposit footprints and will form the basis of future drill campaigns at Committee Bay.

A Message from Auryn’s Executive Chair:

Executive Chairman and Director Ivan Bebek stated, “These results significantly improve our level of understanding of the 300km long Committee Bay gold project and better positions us for potential discovery. The tighter-spaced till sampling has demonstrated just how close we were to the potential sources of gold during the 2017 drill campaign.”

Mr. Bebek further stated, “We are looking forward to confirming our theory in our 2018 drill program, which we are currently planning.”

The Use of High-Resolution Tills to Redefine Targets:

Originally, the high-resolution tills were collected during the 2017 summer exploration program to be analyzed using portable X-Ray fluorescence technology. After receiving the results from the Aiviq discovery drill hole (12.2 meters at 4.7g/t Au), Auryn sent the high-resolution tills to ALS laboratories for ICP to analyze for gold. The gold results demonstrated that the high-grade discovery drill hole spatially overlapped with the gold results from the high-resolution tills. In addition, these results also redefined targets that had not been adequately drilled in 2017 (Figure 2).

Five of the nine regional targets have returned discrete new gold targets from the high-resolution tills. These incl ude the Koffy, Kalulik, Aarluk, Kanosak, and Castle Rock target areas (Figures 3 – 7).

A Message from Auryn’s Chief Geologist:

Michael Henrichsen, COO and Chief Geologist stated, “Auryn’s technical team considers the high-resolution till data as a critical step in our exploration process to delineate source areas of gold mineralization under till cover. Ultimately, we feel the drill results from the 2017 summer campaign did not explain the strength of a number of the till anomalies associated with high-grade gold in boulders. We feel the new high-resolution gold-in-till results will lead us to the bedrock sources of mineralization.”

Michael Henrichsen, P.Geo, COO of Auryn, is the Qualified Person who assumes responsibility for the technical disclosures in this press release.

ON BEHALF OF THE BOARD OF DIRECTORS OF AURYN RESOURCES INC.

Ivan Bebek
Executive Chairman

For further information on Auryn Resources Inc., please contact Natasha Frakes, Manager of Corporate Communications at (778) 729-0600 or info@aurynresources.com


About Auryn

Auryn Resources is a technically driven junior mining exploration company focused on delivering shareholder value through project acquisition and development. The Company’s management team is highly experienced with an impressive track record of success and has assembled an extensive technical team as well as a premier gold exploration portfolio. Auryn is focused on scalable high-grade gold deposits in established mining jurisdictions, which include the Committee Bay and Gibson MacQuoid gold projects located in Nunavut, the Homestake Ridge gold project in British Columbia and a portfolio of gold projects in southern Peru, through Corisur Peru SAC.

Forward looking information and additional cautionary language

This release includes certain statements that may be deemed “forward-looking statements”. Forward-looking information is information that includes implied future performance and/or forecast information including information relating to, or associated with the acquisition and title to mineral concessions. These statements involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company to be materially different (either positively or negatively) from any future results, performance or achievements expressed or implied by such forward-looking statements. Readers should refer to the risks discussed in the Company’s Annual Information Form and MD&A for the year ended December 31, 2016 and subsequent continuous disclosure filings with the Canadian Securities Administrators available at www.sedar.com and the Company’s registration statement on Form 40-F filed with the United States Securities and Exchange Commission and available at www.sec.gov.

2017 pXRF tills Au assay – Samples (250g) of unweathered till were collected from 20-30cm depth in frost boils at 100m sample spacing. Pebbles (>1cm) were removed in the field. Samples were not collected in areas of glaciofluvial or fluvial reworking. Collected samples were sent to ALS Laboratories in Vancouver BC for preparation and analysis. All samples are screened using 600µm screen and analyzed using 50g nominal weight trace level Au by aqua regia extraction and ICP-MS finish method (Au-TL44) on a -600µm fraction. QA/QC programs using internal standard samples, field and lab duplicates, re-assays, and blanks indicate good overall accuracy and precision.

Disclaimer

The Toronto Stock Exchange has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.



Figure 1: Illustrates the regional target areas that were analyzed for gold using high-resolution till samples.

Figure 2: Illustrates the progression of targeting at the Aiviq prospect from the regional till target area defined by the red color on the left to far more discrete drill targets defined by the blue polygons on the right-hand side of the image based on the high-resolution till images.

Figure 3: Illustrates the progression of targeting at the …read more

From:: The Korelin Economic Report