Capstone releases ‘best ever’ Cozamin results

Capstone Mining Corp. [CS-TSX] on Thursday January 16 released additional high grade copper and silver results from 21 infill and six step-out drill holes from its Cozamin polymetallic mine in Zacatecas, Mexico. The highlight intercept from the latest batch of results includes 6.3 metres of 5.3% copper.

The expansion and infill drilling results released on Thursday morning includes some of the best ever drilling results from the Cozamin Mine, the company said in a news release. This brings the total drilled to date to 150 holes out of a 200-hole program. The aim of the program is to double the existing reserve base.

Drill results to date continue to demonstrate greater widths and grades than current mineral reserves, as well as the potential for an expanded high-grade resource. Mineral resources and mineral reserves will be updated in late 2020.

Cozamin is expected to achieve a 50% increase to annual copper and silver production of 50-55 million pounds and 1.5 million ounces respectively by 2021.

Capstone shares advanced on the news, rising 3.7% or $0.03 to 84 cents on volume of 258,530. The shares are currently trading in a 52-week range of 41 cents and 87 cents.

Capstone is a Canadian base metals mining company with a focus on copper. Its two producing mines are the Pinto Valley copper mine in Arizona, and the Cozamin Mine in Mexico. In addition, Capstone has the large scale 70%-owned copper-iron Santo Domingo development project in Chile as well as a portfolio of exploration properties.

The Santo Domingo Project is located 50 km southwest of Codelco’s El Salvador copper mine. The project is expected to be ready for a construction start in 2020.

Cozamin is located 3.6 km northwest of Zacatecas City. It is a copper-silver underground mine with a surface milling facility. In 2019, the mine was expected to produce 30-35 million pounds of copper at a cash cost of between US$0.90 and US$1.05/oz.

“The most recent drill results are exceeding our expectations for the Mala Noche Footwall Zone,” said Brad Mercer, senior vice-president exploration and operations with Capstone. “The two-year drilling initiative is more than two months ahead of schedule, allowing us to add more holes for a new mineral resource and mineral reserve estimate and technical report by the end of 2020,” he said.

“These results will ensure that this mine will remain a first quartile cost, cornerstone asset well into the future,” added Capstone President and CEO Darren Pylot. “Development work on both the underground one-way ramp and ventilation are both on budget and ahead of schedule to be completed by the end of 2020,” he said.

Lobo Tiggre – The Independent Speculator – Thu 16 Jan, 2020

Gold vs Silver – Which sector has you most bullish for 2020?

Lobo Tiggre, Editor of The Independent Speculator joins me to share his preference between gold or silver stocks in 2020. While encouraging how well both are holding up during this short-term pullback it’s still critical to be very selective in terms of the metals stocks you are buying. We also quickly touch on jurisdiction when it comes to silver stocks.

Click here to visit Lobo’s site and learn more about his newsletter. There is also a lot of high quality free content on the site.

SILVER – Should Investors Lower Expectations?

By Dudley Pierce Baker
CommonStockWarrants
JuniorMiningNews

While investors have watched the price of gold performing very well and recently trading over $1600, silver has lagged and lagged badly. This begs the question, are we overrating or expecting too much from silver and our silver miners?

Quite the contrary.........

Two other analysts that I follow are saying to be patient and that silver will be catching up soon, really soon.

Below I give my opinion on how to invest in silver, if these analysts are correct that higher prices are coming.

Chris Vermeulen at TheTechnicalTraders.com sees the possibility of silver trading upwards of $90 - $95 per ounce within the next 24 months. A move of that potential is surely worth waiting for, is it not?

In this recent article by Chris,

SILVER TRADERS BIG TREND ANALYSIS – PART II

"...Remember, the current disparity level is just over 200% between Gold and Silver.  If Gold continues to rally higher and Silver attempts to break higher, attempting to narrow the disparity level, then Silver will (at some point) enter a near parabolic upside price move above $36 to $40.  Our researchers believe this may happen before June or July 2020...."

Clive Maund - January 13, 2020 writing on Silver-Phoenix500.com:

Silver Market Update

"...Silver’s recent rally looks diminutive and stunted compared to gold’s, but that’s normal at this early stage of a new bull market, when silver typically underperforms gold due to investors being risk inverse, with silver being perceived as more risky and volatile than gold. Nevertheless,....."

HOW TO INVEST FOR MAXIMUM GAINS

With the possibility of gold over $3,000 and silver over $90, investors would have the opportunity of making a fortune, if correctly invested.

I suggest a portfolio of gold and silver miners as well as some stock warrants which are trading on shares of your favorite companies. This market environment would create many 10 baggers, 10 times or more for your investment dollars and the stock warrants would normally be at least twice those gains.

You will find many stock warrants trading on gold and silver miners in my databases.

This is the time to THINK BIG AND GO FOR HOME RUNS.

If you are not familiar with stock warrants, I invite you to visit my website and download your free copy of "The Stock Warrant Handbook, Your Personal Guide To Trading Stock Warrants."

Those subscribing to my Gold Subscription or LifeTime Subscription get access to my entire portfolio of gold and silver miners and the stock warrants which I own as well as my weekly audio.

JOIN ME NOW TO GET STARTED

SILVER TRADERS BIG TREND ANALYSIS – PART II


January 14, 2020
Chris Vermeulen
TheTechnicalTraders.com

 

 

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

Stock & ETF Trading SignalsSILVER TRADERS BIG TREND ANALYSIS – PART II

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

E.B. Tucker with Casey Research, recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.

“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

The Real Gold Bull Market Is Yet to Launch

 

 

 

 

Editors Note from Dudley Pierce Baker - CommonStockWarrants.com

"Marin Katusa and his team do an excellent job of marketing and presenting the views and justification for the continuing bull market in the resource sector. I basically agree with all of their views. I would suggest and I believe that Marin would agree, that investors should consider stock warrants which might be trading on any of the companies being considered for investment."

The Real Gold Bull Market Is Yet to Launch

The gold market has always moved in cycles—from dramatic boom to overnight bust, and eventually back again.

So far in this “boom,” gold has barely risen 20% from its floor.

That’s not even close to the minimum required to qualify for a true “bull market” over the past century.

  • The smallest gold run-up in the past 90 years was 45% from 1930-1933—more than twice the current gain.

The other rallies were far, far bigger: from 1972-1974, the rally yielded a 100% gain.

From 1978-1980, another 100% gain. Then from 2007-2010, a 67% increase in the price of gold.

The point is this: when gold is ready to rise, it takes off.

Every single one of the years in the date ranges above saw an increase of more than 20%. What some investors might see as slipping backwards may just be the cycle getting ready for its next natural advance.

  • So if you’re a subscriber to my Boom-Bust-Echo theory, then you know the gold rally has barely just begun.

The biggest profits still lie ahead of us.

Savvy investors will patiently hold, before finally selling near the peak of the boom.

For example, many major gold producers right now, such as Kinross, Gold Fields, Alamos, and Eldorado are trading around $5-6.

(Gold Fields is up nearly 190% from its lows 14 months ago – and that’s a $5 billion company!)

These stocks could easily be sitting at doubles a year or two from now. And the juniors’ percentage returns will likely be an order of magnitude greater.

It might be hard to believe that gold stocks could see gains of 500% or more in the next couple years. It was equally hard to believe in 1933, 1972, 1978, and 2007… but it happened every time.

Why Gold Is a Bad Investment When “This” Happens

During a gold rally, you might be tempted to invest directly in gold bullion.

There are many reasons why that’s not the best way to invest, including the persistent strength of the U.S. dollar. Have some bullion exposure.

But another really big reason is the potential for extreme leverage with gold stocks.

Look at what happened to gold in the ‘70s…

It took off early, cooled off a bit in the mid-‘70s, then hit the afterburners headed into the latter part of the decade.

On December 31, 1978, gold was at $226 an ounce.

On January 21, 1980, it maxed out at $850 an ounce.

That would be like gold going to $5,641 by the time the next U.S. President is inaugurated. If it happened forty years ago, it can happen again.

Now, digging up information on tiny gold producers from the early ‘80s is no easy task. Most of the information was not digitized then.

But here’s data we put together below on a few producers that the Katusa Research team found, along with the percentage returns at their peak:

Table 1. Gold Producer Returns, 1979-1980

 

That’s an average of a 220% gain.

The GDX, an index of gold miners, currently trades on the New York Stock Exchange for around $28. Keep in mind that the current gold rally has already begun—it’s up more than 37% from its low.

  • If gold plays out like the 1979-1980 rally, that would put the GDX Index at a cool $44.88 by the end of 2020. 

Of course, it’s only the lucky investor that’s going to catch it right at the top.

But suppose you could capture 75% of those gains. That’s still a 165% return.

Buying into gold stocks instead of gold takes luck out of the equation. But we still haven’t mentioned where the real gains are to be had.

The ones that turn a modest portfolio into your whole retirement plan.

And how you can beat the GDX returns by over 200% or more…

The ones that make your 10% speculation bigger than the rest of your account.

Next week, I will reveal the kind of stocks that really move your net worth needle. And my team and I will see many of them front row center at the 2020 Vancouver Resource Investment Conference with over 350+ companies in attendance.

This year we have a world-class line up you don’t want to miss…

Peter Schiff, Lord Conrad Black, Ross Beaty, Raoul Pal, Grant Williams, Brent Johnson, Rick Rule, Frank Holmes and many, many more.

My team and I will have our boots on the ground on the conference floor and on the stage, interviewing companies and meeting with key management behind the scenes.

I’ve spent many years in this gauntlet and know exactly what to look for in a great opportunity and speculation.

I encourage all Katusa Research subscribers to attend if they’re in the area and to come say hello.

For more information on the event, click here.

To get complimentary tickets, go to the registration page right here and then enter code “katusa100”.

Regards,

Marin

 

 

 

MY BIG TREND ANALYSIS FOR SILVER INVESTOR – PART I

January 12, 2020
Chris Vermeulen
TheTechnicalTraders.com

 

"Currently, the relative price of Gold to Silver is over 200%.  Considering this fact and considering the under-performance of Silver recently, our researchers believe Silver is setting up a massive basing pattern in preparation for an explosive upside move."

Note from Dudley - These Guys Are Good:
Chris and his team are providing investors with a great road map for the direction of the markets, which is why I am also a paid subscriber to TheTechnicalTraders services and encourage you to consider a subscription as well, The ideal service to supplement your other subscriptions as well as my CommonStockWarrants.com.

Stock & ETF Trading Signals


MY BIG TREND ANALYSIS FOR SILVER INVESTOR – PART I

 

Investors don’t forget the great opportunities available with stock warrants which will increase your potential gains and greatly decrease your investment cost by at least half.

E.B. Tucker with Casey Research, recently referred to Dudley as ‘the top expert in the field with over 40 years of experience‘ with stock warrants.

“I also encourage you to check out the work from our friend Dudley Baker. Dudley is the founder and editor of Common Stock Warrants. He’s been trading warrants for 40 years and has developed an exclusive database of all stock warrants trading in the U.S. and Canada. We’re paid-up subscribers as well.”

Jeff Baker
Senior Analyst – Admin/Web Developer
B.Sc. Geological Sciences (UTEP)
Common Stock Warrants & Junior Mining News

Endeavour Silver aims for higher 2020 production

Endeavour Silver Corp. [EDR-TSX; EXLLF-OTC] on Friday January 10 said its full-year production of both gold and silver in 2019 was down 27% from the previous year.

Endeavour is a mid-tier precious metals mining company. It is the owner and operator of three underground silver-gold mines in Mexico. The mines that are currently in production are the Guanacevi mining complex in Durango State, the Bolanitos in Guanajuato state and El Compas Mine in Zacatecas. The company suspended operations at the El Cubo Mine on November 30, 2019 as reserves were exhausted. The mine, plant and tailings facilities are on short term care and maintenance, while management conducts an evaluation of the alternatives, including final closure.

The company is currently advancing the Terronera Mine Project in the State of Jalisco, towards a development decision and exploring a portfolio of exploration and development projects in Mexico and Chile. They include the Parral Project  located in Hidalgo Parral, Chihuahua, a historic silver mining district in Mexico. Parral is a former producer that closed in 1990.

Endeavour produced 4.0 million ounces of silver and 38,907 ounces of gold in 2019. “The company’s performance last year was negatively impacted by operating issues at all four mines,” said Endeavour CEO Bradford Cooke.

“We made sweeping changes to the mining operations in Q2 and Q3 and a result, we are finally seeing production turning around, led by Guanacevi,” Cooke said. “Endeavour expects higher production at each of its three mines in 2020,” he said.

Endeavour shares were unchanged at $2.81 on Friday. The shares are currently trading in a 52-week range of $2.22 and $4.27.

The Terronera Project is awaiting final permits and a production decision to become Endeavour’s fifth producing mine.

Cooke said the company has continued to advance the Terronera and Parral projects, with additional engineering trade-off studies completed for Terronera and continued exploration drilling at Parral during the fourth quarter. A final updated pre-feasibility study for Terronera is being completed this month and an initial Preliminary Economic Assessment at Parral is expected in the first quarter of 2020, the company said.

At Terronera, the plan is to start at a rate of 750 tonnes per day and ramp up to 1,500 tonnes per day by year three.

The company said its objective at the Parral Project this year is to complete a stage one Preliminary Economic Assessment to evaluate small scale 200 tonne-per-day mining and toll mining to generate early cash flow needed to develop a larger scale operation. Parral was a four million ounce per year silver producer until 1990.

In the fourth quarter of 2019, Endeavour produced 939,511 ounces of silver, a decrease of 32% from year ago levels. Gold production was down 27% to 9,578 ounces.

Silver and gold production was lower in Q4, 2019, compared with year ago levels due to the suspension of mining operations at the El Cubo Mine during the quarter and lower throughput and grades at Bolanitos, partly offset by higher production at Guanacevi, and new production at El Compas.

Rio Silver Inc. Acquires the Palta Dorada Gold-Silver-Copper Project in Northern Peru and Signs Memorandum of Understanding for Joint Development

Rio Silver Inc. [RYO-TSXV] announces the acquisition of the Palta Dorado Au-Ag-Cu property (“Palta Dorada” or the “Property”). The property contains several high-grade gold-silver veins both oxide and sulphide that has been mined by artisanal methods. The Company has also signed a Memorandum of Understanding (“MOU”) with Peruvian Metals Corp (“Peruvian Metals”) to jointly explore the Palta Dorada Au-Ag-Cu Property (“Palta Dorada” or the “Property”) by initially conducting a detailed sampling and mapping program along with a bulk sampling campaign and processing the mineral at Peruvian Metals’ 80% owned Aguila Norte Processing Plant (“Aguila Norte or Plant”).

The Palta Dorada Au-Ag-Cu Property is located in the Ancash Mining Department in Northern Peru and covers an area of approximately 1200 hectares. The Property is accessible from the Plant by approximately 180 kms of mainly paved roadway. The MOU establishes a joint effort to explore and develop the property. Any sales from metal concentrates produced from the bulk sampling activity and all operational expenses will be shared between companies. Peruvian Metals’ 80% owned Plant will charge the joint effort commercial mineral processing rates on a similar basis to its other clients for processing the bulk samples.

Peruvian Metals will also have the option to earn a 50% ownership in the property. Equal ownership will occur once Peruvian Metals has matched Rio Silver’s acquisition price of the project of $250,000 US by assuming all capital and exploration expenditures. Any shortfall of capital expense by Peruvian Metals will require a cash payment to the joint effort by December 31, 2021. Both companies will enter into a definitive shareholder agreement in Peru shortly.

Limited surface mapping and sampling has identified several oxide Au-Ag veins hosted in granodioritic rocks. The previous owner completed extensive production ready access to several levels for exploration and bulk sampling, as well as limited small-scale bulk sampling in several adits and shafts. The main working is a 53 metre shaft where miners hoisted mineral to the surface. Eight chip samples have been taken from quartz veins containing sulphides in the shaft at various depths. Results from these samples range from 3.06 g/t Au to 24.1 g/t Au, 36 g/t Ag to 865 g/t Ag and 0.22% Cu to 4.94% Cu over an average width of 60 centimeters. The weighted average of the quartz-sulphide vein is 9.61 g/t Au, 256 g/t Ag and 1.42% Cu over the 60 centimeters. The mineralized NEE-SWW mesothermal vein exposed in this main working has been observed over an 800 metre strike length on surface. The oxide-sulphide transition occurs at approximately 25 metres below surface.

At the initial property visit by the QP, approximately 45 tonnes of mineral had been selectively exploited; hand sorted and sacked outside of the main working ready for shipment to tolls mills in Southern Peru. Two composite samples were taken from various sacks and returned an average grade of 26.7 g/t Au, 23.76 oz/t Ag and 3.16% Cu. The samples taken were selected random grabs from hand sorted sacks and are not representative of the mineralization hosted on the property.

A third random composite sample of approximately 50 kilograms was taken from these sacks and used for metallurgical work. The work performed on this sample by Procesmin Ingenieros Laboratories head a head grade of 23.21 grams/MT Au, 29.04 oz/MT Ag and 4.95% Cu. Metallurgical work showed that two concentrates can be produced. The first and more valuable concentrate graded 125.59 grams Au/MT, 4,808 grams Ag/MT and 24.41% Cu. A second Au-pyrite concentrate was also produced graded 11.46 grams/MT Au, 565 grams Ag/MT and 2.90% Cu.

Artisanal workings on a second SEE-NWW structure north of the main working exposed strongly oxidized quartz veins ranging between 30 to 70 centimeters in width. Four composite samples taken from mineral sacks containing heavily oxidized material ready for shipment ranged from 8.65 g/t to 17.3 g/t averaging 12.4 g/t Au. The samples taken from the sacks were random grabs and are not representative of the mineralization hosted on the property. A bottle-roll metallurgical sample with a head grade of 13.0 g/t Au and 102 g/t Ag returned a 92.15% gold and 65% silver recoveries over 36 hours.

Peruvian Metals will act as the operator of the joint effort and will be responsible to obtain all the permits necessary to explore and extract a bulk sample and expects no permitting issues . An experienced underground contractor has agreed to start the mobilization of the compressors and  equipment to the site to extract the bulk sample. The bulk sampling and exploration is expected to commence in the first quarter of 2020.

Chris Verrico, CEO of Rio Silver states: “We are very pleased to have accomplished these milestones, leveraging our joint resources and working together. The Palta Dorado property has several high grade Au-Ag-Cu veins ready to be bulk sampled and processed at the Aguila Norte Plant. Oxide gold material can also be bulk sampled and treated at a number toll mills. Initial development and exploration will consist of drifting along the sulphide veins in this prominent structure, potentially identifying a minable resource which would only enhance our ability to explore our flagship Niñobamba project in a timely manner.”

Jeffrey Reeder, P Geo, a qualified person as defined in National Instrument 43-101, has prepared, supervised the preparation or approved the scientific and technical disclosure contained in this news release.

For more information contact:

Christopher Verrico, President, CEO
Tel: (604) 762-4448
Email: chris.verrico@riosilverinc.com
Website: www.riosilverinc.com

 

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release includes forward-looking statements that are subject to risks and uncertainties. All statements within, other than statements of historical fact, are to be considered forward looking. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not a guarantee of future performance and actual results or developments may differ materially from those in forward-looking statements. Factors that could cause actual results to differ materially from those in forward-looking statements include market prices, exploitation and exploration successes, continued availability of capital and financing, and general economic, market or business conditions. There can be no assurances that such statements will prove accurate and, therefore, readers are advised to rely on their own evaluation of such uncertainties. We do not assume any obligation to update any forward-looking statements except as required by applicable laws.

Prophecy details plans for 2020, proposes name change

Canada-headquartered explorer Prophecy Development has two major objectives for 2020: increasing silver ounces at the Pulacayo project, in Bolivia, and bolstering investor awareness. In a statement addressing investors, executive chairperson John Lee and CEO Michael Doolin on Wednesday outlined the company’s achievements of 2019 and detailed how it plans to accomplish its objectives for this year.

Trevali encouraged by Caribou drilling results

Trevali Mining Corp. [TV-TSX, TREVF-OTCQX, 4T1-Frankfurt, TV-LMA] has released results from the 2019 drill program at its Caribou zinc-lead-silver mine in the Bathurst Mining Camp, New Brunswick.

The surface drilling campaign, which focused on delineation and conversion of inferred mineral resources to indicated resources north of the current mineral reserves, has intersected several zones of economic zinc-lead-silver mineralization, the company said.

This indicates that mineralization is wider than previously interpreted in portions of the North Limb area and continues at mineable depths towards the north.

Highlights include:

  • Hole BR-1047, which intersected 4.19 metres at 7.91% zinc, 2.54% lead and 66.50 g/t silver;
  • Hole BR-1047A, which intersected 23.00 metres at 5.84% zinc, 1.93% lead and 69.25 g/t silver;
  • Hole BR-107B, which intersected 29.01 metres at 6.24% zinc, 2.33% lead and 63.05 g/t silver.

Trevali shares were unchanged Tuesday at 23.5 cents and trade in a 52-week range of 16 cents and 49 cents.

Trevali is a Vancouver-based mining company. The bulk of its revenue is generated from base metals mining at four operations. They are the 90%-owned Perkoa Mine in Burkina Faso, the 90%-owned Rosh Pinah Mine in Namibia, the wholly-owned Caribou Mine, and the wholly-owned Santander Mine in Peru.

The Bathurst Mining Camp occupies a roughly circular area of approximately 70 kilometres in the Miramachi Highlights of northern New Brunswick. The area boasts some 46 mineral deposits with defined tonnage and another hundred mineral occurrences.

The Caribou Minen is located 50 kilometres west of Bathurst, and consists of an underground mine, a 3,000 tonne-per-day mill, a sulphide flotation recovery plant, a tailings management facility and other associated infrastructure.

Proven and probable reserves at the end of 2018 stood at 3.29 million tonnes, grading 6.37% zinc, 2.43% lead, 73.20 g/t silver, containing 462.5 million pounds of zinc, 176.3 million pounds of lead, and 7.7 million ounces of silver.

Measured and indicated resources stand at 9.58 million tonnes, grading 6.68% zinc, 2.55% lead, and 75.60 g/t silver. On top of that is an inferred resource of 5.12 million tonnes, grading 6.42% zinc, 2.65% lead and 78.52 g/t silver.

The mine has been in continuous production since the company restarted underground mining operations in the first quarter of 2015. Payable zinc production for the third quarter of 2019 was 20.3 million pounds, a 9% increase from the same quarter in 2018.

The Caribou deposit is a volcanogenic massive sulphide (VMS) deposit. Mineralization within the Caribou deposit is composed of seven en echelon lenses striking parallel to the Caribou fold, numbered 10 to 80. Lenses 10, 20, 30, 70 and 80 occur in the north limb of the Caribou fold, while lenses 40 and 60 are mostly on the eastern limb of the fold.

During the fall of 2019, Trevali completed 3,815 metres of drilling on the Caribou North Limb, with the goal of increasing confidence in the geological model.  Previous drilling campaigns by Trevali in this area had intersected locally higher-grade mineralization.

The drill program is expected to further increase the geological confidence of the currently defined inferred mineral resource on the North Limb and will support long term mine development decisions, the company said. The large inferred mineral resource currently defined on the northern portion of the North Limb requires further definition drilling to delineate its extents towards along strike as well as at depth.