News from Novo, Sabina, and a Yukon Infrastructure Plan
David Erfle joins me to discuss some of the bigger news stories for the resource sector today. We start off with the Novo private placement news with Kirkland Lake investing approximately $56 million. Then move to the Sabina news regarding a new discovery hole. Finally there was news out of Canada outlining a significant infrastructure spend in the Yukon. All of this news comes when traders are back to their desks. This is going to be a busy couple months… potentially to the end of the year.
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What was Palladium news thatcaused it to first go up $12 and now drop $14?
Oops posted too soon the drop in Pd was $990 to $962
Pd $959 and dropping
Off Topic:
History being made……
Is It The Beginning Of The Next Bull Market In Gold?
Sep. 5, 2017
https://seekingalpha.com/article/4104036-beginning-next-bull-market-gold
Simple Charts Showing Why Gold Stocks Are Poised To Blast Off
Palisade Research – September 5, 2017
http://palisade-research.com/simple-charts-showing-why-gold-stocks-are-poised-to-blast-off/
(CNX) Callinex Mines Announces Significant Expansion to Nash Creek Zinc Deposit; Plans to Complete PEA in Q1 2018
Wallbridge Mining Drills 3.06 Metres of 346.55 g/t Gold at Fenelon Gold Property
Pure Gold Mining Drills 6.0 Metres of 48.4 g/t Gold at Madsen Gold Project
IDM Mining Drills 4.9 Meters of 149.2 g/t Gold And 59.9 g/t Silver at Marc Zone; Intersects 106.5 Meters of 1.61 g/t Gold at Lower AV (Smit) Zone, Red Mountain Project
(SBB) Sabina Gold & Silver Drills 38.55 Metres of 9.48 g/t Gold in New Discovery at Back River Project
(SVM) Silvercorp Metals Reports High-Grade Discovery at HZG, HPG and LMW Mines, Ying Mining District, China
Endeavour Silver Drills 3.4 Metres of 836 g/t AgEq At Guanacevi Mine
Sierra Metals Reports Positive Drilling Results From Bolivar West Zone at Bolivar Copper Mine
Following a recent block purchase of Novo common shares, Kirkland Lake Gold currently owns approximately 9.2 per cent of the issued and outstanding common shares of Novo. Upon closing of the financing, the company is expected to own approximately 18.2 per cent of Novo’s issued and outstanding common shares and will hold approximately 25.5 per cent on a partially diluted basis, assuming the exercise of the warrants.
so says,
Tony Makuch, president