Palamina Corp – Drill permits received in Peru, the drill plans at the Coasa Gold Project, and an update from Winshear Gold
Andrew Thomson, President and CEO of Palamina Corp. (TSX.V:PA – OTC:PLMNF) joins me for a comprehensive update on the work plans in Peru. Now that drill permits are received for the Coasa Gold Project in Peru we focus on the exploration plans that could provide major catalysts for the Company. We also get an update on Winshear Gold, which Palamina holds a 18.6% interest in and a 2% royalty on the Gaban Property.
If you have any follow up questions for Andrew regarding Palamina please email me at Fleck@kereport.com.
Click here to visit the Palamina website to find out more about the Projects held in Peru.
Nexus Gold Drills 136m of 1.25 g/t Au, including 44.9m of 3.00 g/t Au and 15.5m of 5.25 g/t Au, at the McKenzie Gold Project, Red Lake, Ontario
2021-05-25 11:15 ET – News Release
Vancouver, Canada – TheNewswire – May 25, 2021 – Nexus Gold Corp. (“ Nexus ” or the “ Company ”) (TSXV:NXS ) , ( OTC:NXXGF ) , ( FSE:N6E) is pleased to report it has received initial assay results from the recently completed phase two diamond drill program at the Company’s 100% owned McKenzie Gold Project, located in Red Lake, Ontario.
Angold Resources drills 248 m of 0.75 g/t Au at Dorado
2021-05-25 09:26 ET – News Release
Mr. Adrian Rothwell reports
ANGOLD DRILLS 248 METRES AT 0.75 G/T IN STEP-OUT HOLE AT DORADO
Angold Resources Ltd. has received further assay results for five holes from the Lajitas area at the company’s Dorado project in the Maricunga belt of Chile.
District Metals drills 8.2 m of 10.3% Zn at Tomtebo
2021-05-25 09:22 ET – News Release
Mr. Garrett Ainsworth reports
DISTRICT INTERSECTS 8.2 M AT 10.3% ZINC, 4.5% LEAD, 66.2 G/T SILVER, 1.7 G/T GOLD, AND 0.08% COPPER AT TOMTEBO PROPERTY
Fokus drills 343.45 m of 0.62 g/t AuEq at Galloway
2021-05-25 09:08 ET – News Release
Mr. Jean Rainville reports
FOKUS MINING INTERSECTED 0.62 G/T AUEQ OVER 343.45 METERS ON THE GP GOLD SECTOR AT GALLOWAY
22.8 m of 6.89 g/t AuEq at Eskay Creek
2021-05-25 08:03 ET – News Release
Mr. Walter Coles Jr. reports
SKEENA DISCOVERS HIGH GRADE MINERALIZATION IN FORMER ESKAY CREEK WASTE FACILITY INCLUDING 6.89 G/T AUEQ OVER 22.80 METRES
Silvercorp drills 19.67 m of 261 g/t Ag at LMW
2021-05-25 07:04 ET – News Release
Mr. Guoliang Ma reports
SILVERCORP INTERSECTS VEIN LM7 WITH 19.67 METRES TRUE WIDTH GRADING 261 GRAMS PER TONNE SILVER, 1.1% LEAD, AND 0.78% COPPER AT THE LMW MINE, YING MINING DISTRICT, CHINA
Defence vaccine shows 70% cancer cure rate in mice
2021-05-25 07:58 ET – News Release
Mr. Sebastien Plouffe reports
DEFENCE THERAPEUTICS ACCUVAC-D001 CANCER VACCINE GENERATES EFFECTIVE LONG-LASTING ANTI-TUMORAL RESPONSE
Emerita on a heata.
Here is an “off topic”
my screen shows gold moving to $1895 an once.
silver to 27.94 at the moment.
I gotta wonder if it will hold.
My shares have hardly moved except for the ones that have dropped, ipt hasnt moved.
Well, to be honust I could call it a mixed bag. They have come back a bit from this morning.
Profit taking I suppose.
In any case nice to see some upward movement.
Yeah, the gold shares are not as strong today as one would expect with the yellow metal knocking on $1900. Futures are currently at $1899…. but the miners are mixed but essentially flat on the day. GDX up 1/3 a percent and GDXJ up 1/2-2/3 a percent. I’d rather see the miners outperforming to the upside in a scenario like this, or they may be signaling a shorter term top in the action.
Do you think some of today is Canada catch-up from yesterday. Yesterday was good for me and I had the expectation they would take it back today. It started out that way this AM, but since it worked to even. Might see up by EOD and that would be a good day for Canada…and a good day for US if positive 2 days in a row. Whaddayathink
It’s statistically much better (more bullish) when gold closes a session just below a big round number rather than just above.
The odds are high for a short term top here so good traders will play it that way until they think they are wrong. The speculator in me thinks silver will confirm gold very soon and unleash the sector so I’m all-in on the tiny caps but the trader in me respects the risk/reward picture so I’ve trimmed my recent large cap winners way back (those winners include AU, DRD, GFI, HL, and HMY).
Bought more BBB today at .195 and bought more on Friday as well.
KTN is well-bid and looks great while bellwether IPT is holding its own until silver tips its hand.
https://stockcharts.com/h-sc/ui?s=IPT.V&p=D&yr=0&mn=11&dy=0&id=p57083379712&a=959455906
Thanks for the insight. I am still all in but did do a rebalancing a few weeks ago to more prospective juniors. I think my greatest apprehension is a general market drop and get dragged into that.
Only issue regarding silver is the seasonality trend. Over a 52 year period silvers worst month is June. July 4 is the beginning of its rally normally.
I wouldn’t pay much attention to seasonality unless you drill down and compare apples to apples with respect to the underlying cycle or, preferably, cycles. For example, silver, like most if not all asset classes, performs differently in a bull market than a bear market and even during different parts of a bull market, cyclical and secular.
Silver gained 33% from the end of May to the beginning of July in 2016 and 39% from the end of May to the beginning of September in 2019. It also did extremely well last year.
Regardless, I much prefer to watch the technical picture unfold without allowing seasonal tendencies to screw up my judgement. There’s no shortage of the “sell in May” talk every year but that will always apply much more heavily to conventional stock market than the resource space.
Watch for a weekly close decisively above this resistance or two in a row that aren’t decisive…
https://stockcharts.com/h-sc/ui?s=%24SILVER&p=W&yr=6&mn=7&dy=0&id=p26989907733&a=426943004
I hear you Matthew…….and do have some HL June $10 options I’m hoping go in the money. 😎
Matthew: I think what you are saying that momentum trumps seasonality. That has been my experience.
Seasonality: I guess I should add that momentum can be trumped by irrational dumping if paper contracts beyond position limits and annual production. But…as they say, you can’t fight the Fed.
David, you are right about momentum trumping seasonality but I’d say it’s simply the charts that trump everything. All buying and selling (positioning for all outcomes) is in the charts regardless of the participants’ intentions. For example, Bitcoin had turned seriously bearish weeks before Musk seemed to wield so much influence with a comment and gold had turned decisively bearish way before the crash of 2013.
That’s why I keep up with your charts. It’s really our only defense. Obviously we aren’t going to get a 12 year up market with 45 degree patterns in the PMs, but occasionally we get a few strong months. We need to know when to run as they can take it back faster than we can earn it. Thanks for the reminder.
Not that I no anything but I have to think PMs have to move up before people get interested in miners.
IMO anyone here now is in before the herd.
Yeah. Considering the price action of PM’s my portfolio looks redder than it should. Need the real move I think. Silver over $28.42 and gold $1950 range
Nexus: Some mixed drill results, but some of the findings were pretty good…like 136 meters of 1.25g/t AU. Over 400mil shares diluted is a lot…but, this is in Red Lake. I may put my foot in…volume up to about 750K on OTC Markets and a few block sales 10K to 100K. Maybe it will catch on with being Red Lake.
Forgot: About .055 price US
Emerita: POP
I’ll say a few words here for the PMs ——it is time for caution.
After a day like to today, it’s obvious that folks are not chomping at the bit to buy, thinking they might lose out if they don’t.
CMC, you’re correct—-all you have to do is look at the declining volume on a good proportion of stock purchases.
OFF TOPIC:
Fury Gold drills 7.09 m of 23.27 g/t Au at Eau Claire
2021-05-25 07:09 ET – News Release
Mr. Mike Timmins reports
FURY DRILLS TOP FIVE INTERCEPT TO DATE – 23.27 G/T GOLD OVER 7.09 METRES – OUTSIDE OF THE DEFINED RESOURCE AT EAU CLAIRE