Novo Resources – Following up on the Beatons Creek PEA and answering your questions on current production and sorting trials
Quinton Hennigh, President and Chairman of Novo Resources (TSX.V:NVO – OTCQX:NSRPF) joins me for an update on the recent news highlighting the PEA for Beatons Creek and the acquisition of a 50% interest in the Queens Gold Project. We also answer a few of the questions sent to me over the past month. These are mostly focused on the current production at Beatons Creek and sorting trials that are ongoing.
Please keep sending me your questions for Quinton. If I missed any questions you have sent in I will be responding through email and we will try to cover them next call. My email address is Fleck@kereport.com.
Bonzo, if you had waited one day you could have got them cheaper—but you high rollers don’t really care what price you pay.
Doc, I did wait a day and bought 7 times more NSRPF at the opening on Tues as I bought on Mon. Please stop me before I buy more tomorrow! I need help.
Sonoro Gold drills 74.67 m of 0.6 g/t Au at Cerro
2021-04-05 11:10 ET – News Release
Mr. Kenneth MacLeod reports
SONORO DRILLS 74.67 METERS OF 0.605 GRAMS PER TONNE AT CERRO CALICHE
Sonoro Gold Corp. has released assay results from an additional 12 reverse circulation drill holes completed at its Cerro Caliche gold project in Sonora, Mexico.
SILVER TIGER INTERSECTS
5.6 METERS GRADING 1,010.3g/t AgEq
WITHIN 14.2 METERS OF 519.5 g/t AgEq
IN THE BENJAMIN VEIN
That is a nice 5.6 meter silver hit from Silver Tiger.
Abrasilver drills five m of 1,645g/t AgEq at Diablillos
2021-04-06 08:33 ET – News Release
Mr. John Miniotis reports
ABRASILVER REPORTS ADDITIONAL HIGH-GRADE SILVER AND GOLD INTERCEPTS DEMONSTRATING CONSIDERABLE EXTENSION POTENTIAL NORTHEAST OF THE KNOWN MINERALIZED ZONE
Abrasilver Resource Corp. has provided significant high-grade results from the latest assays received from two diamond drill holes completed at the Oculto deposit, located on its wholly owned Diablillos property in the mining-friendly Salta province, Argentina.
Wow. Another 5 meter high grade silver intercept from AbraSilver. I guess today is the good silver drilling news day.
Rupert drills 110 m of 6.1 g/t Au at Pahtavaara
2021-04-06 07:19 ET – News Release
Mr. James Withall reports
RUPERT RESOURCES DRILLS 6.1 G/T GOLD OVER 110M FROM 183.6M AND REPORTS POSITIVE RESULTS FROM FURTHER METALLURGICAL TESTWORK AT IKKARI
Rupert Resources Ltd. has released new drill results from its Ikkari prospect, the focus of its continuing 60,000-metre exploration program at the 100-per-cent-owned Pahtavaara project in the Central Lapland greenstone belt, Finland.
That is a very solid wide gold intercept from Rupert at that grade.
Adventus, Salazar drill 55.4m of 2.1% CuEq at Curipamba
2021-04-06 07:16 ET – News Release
See News Release (C-ADZN) Adventus Mining Cor
Mr. Christian Kargl-Simard of Adventus reports
ADVENTUS AND SALAZAR ANNOUNCE DRILLING RESULTS AT THE EL DOMO DEPOSIT HIGHLIGHTED BY 2.10% COPPER EQUIVALENT OVER 55.43 METRES
Adventus Mining Corp. and Salazar Resources Ltd. have released additional infill drilling results from the El Domo volcanogenic massive sulphide deposit located within the 21,537-hectare Curipamba project in central Ecuador.
Vizsla Silver drills 4.61 m of 1,027 g/t AgEq at Panuco
2021-04-06 06:47 ET – News Release
Mr. Michael Konnert reports
VIZSLA CONTINUES TO EXPAND NAPOLEON; 54 DRILL HOLES AVERAGE 4.0 METRES TRUE WIDTH AT 441 G/T SILVER EQUIV.
Again, another near 5 meter hit of a kilo Silver. That’s 3 different companies today (Vizsla, AbraSilver, & Silver Tiger) with these nice widths to their higher grade drill results.
Roxgold drills 13 m of 15.6 g/t Au at Seguela
2021-04-06 06:39 ET – News Release
Mr. John Dorward reports
ROXGOLD ANNOUNCES NEW DISCOVERY AT SEGUELA WITH 15.6 GPT OVER 13M AT SUNBIRD AS WELL AS 10.8 GPT OVER 6M FROM KOULA UNDERGROUND EXTENSION DRILLING
Roxgold Inc. has released initial results from the newly discovered Sunbird prospect, located less than two kilometres from the primary Antenna deposit, at the Seguela gold project located in Ivory Coast.
Aurelius drills two m of 132.4 g/t Au at Aureus East
2021-04-06 06:28 ET – News Release
Mr. Mark Ashcroft reports
AURELIUS MINERALS DRILLS HIGHEST GRADE INTERVAL TO DATE AT AUREUS EAST GOLD PROJECT – 2 METRES AT 132.4 G/T GOLD, INCLUDING 1M AT 264 G/T GOLD AND 0.5M AT 21 G/T GOLD WITHIN EXISTING WORKINGS
Aurelius Minerals Inc. has released additional assay results from underground drilling at its Aureus East gold project located in Nova Scotia, Canada.
Ready Set Gold drills 94.25 m of 1 g/t Au at Northshore
2021-04-06 06:15 ET – News Release
Mr. Christian Scovenna reports
READY SET GOLD REPORTS FIRST SIX HOLES FROM PHASE 1 PROGRAM AT NORTHSHORE CONFIRMING NEW GEOLOGICAL MODEL
Ready Set Gold Corp. has released results of the first six drill holes from its recently completed 13-hole, 2,900-metre, phase 1 diamond drilling program at its 100-per-cent-owned flagship Northshore gold project, located in the Schreiber-Hemlo greenstone belt in Ontario.
Dolly Varden interview:
https://www.youtube.com/watch?v=288lgfJctu0
FBI raids Private Deposit Boxes.
Just listened to a portion of the video. The first question to ask is what is the current law on “vaulting and safe deposit boxes”. I am guessing that there are restrictions like being a registered financial institution or government regulated entity to perform such functions. If that is the case, then they may be circumventing the law that is directed at contraband or laundering property that are proceeds of criminal activity.
I am as much into protecting private property and I would imagine the reason professionals recommend storing precious metals in safe deposit boxes is the the government ordered confiscation in the past. Kind of a two pronged problem…government confiscation or contraband. They overlap, but they don’t. But, the issue most likely in the case in the video is probably the business does not comply with state and federal law. Just a guess.
Might look at how Brinks or similar companies are regulated. Probably a statute on clients must prove identification to protect Brinks from being a holder of contraband for criminals. Just another thought.
There are supposed to be two keys needed to open a safety deposit box, about 12 years ago I noticed something missing, after that I closed it down. DT
Huston, do we have ignition ?
Ely Gold to acquire Tonopah West mining claims
2021-04-06 09:51 ET – News Release
Mr. Trey Wasser reports
ELY GOLD ROYALTIES ANNOUNCES ACQUISITION OF TONOPAH WEST PATENTED MINING CLAIMS, NEVADA
Patented mining claims involved are contiguous to Blackrock Silver.
That is interesting, isn’t it?
Nevada Sunrise JV drills 7.6m of 9.83 g/t Au at Kinsley
2021-04-06 08:37 ET – News Release
Mr. Warren Stanyer reports
NEVADA SUNRISE REPORTS 9.83 GRAMS/TONNE GOLD OVER 7.6 METRES AND 2.13 GRAMS/TONNE GOLD OVER 9.1 METRES INTERSECTED AT THE KINSLEY MOUNTAIN GOLD PROJECT IN NEVADA
For what it is worth information: In order to deal with 2020 taxes, I sold Pure Gold after buying more last week. I needed to raise funds for taxes and as long there was a question on there production so far (dilution), I thought I could put it towards tax requirements. Rather than hold it in cash, I still had a long term gain in Great Bear, but I didn’t want to reduce the share count. So, I am routing Pure Gold through Great Bear to pay taxes eventually with Great Bear profits. But before I do that, I am moving the Great Bear profits through Sandstorm as the price seems like a buy. Now the problem will be if the metals go down, in which case I hope they go up before they go down. Since this musical chairs is occupying my trading, I hope what I got is decent for an upturn. FWIW Oh forgot, added to Ely and Sun Summit which may come into the tax mix later.
Interesting tax dilemmas to consider David. My personal goal is always to raise the money I’ll need for taxes near year end in December or if there is a solid rally in Q1 to sell and raise funds. However, last year for me was an anomaly as we sold our home which provided the financial cushion to handle taxes this year, so I’m not in the same position to sell stocks now to handle taxes. It makes sense that you are selling Pure Gold and hanging onto your Great Bear, and storing some other profits in Sandstorm. Doc & I have been nibbling at Sandstorm for the last 2 months, and I agree it looks good for a longer term “safer” value play for slow & steady appreciation.
Sandstorm is Great Bear profits. Pure Gold went to Great Bear to hold up share count.
their = there
As a word of warning, there is something going on with Erdogan (sp) and Turkey which could impact Sandstorm, so if you are looking into Sandstorm, check it out. Dictators aren’t all that great of leaders for the economic success of the little guy…they require watching. 🙂
It appears so far today that the physical price of metals only counts on down days of the miners. Very confusing. Break away you animals…locker room talk to the miners. No evidence it works.
I agree that Turkey is acting like a turkey; however I still believe Hod Maden will end up moving forward, as the project has merit. This investor doubt, has likely been what has offered such a good buying opportunity in Sandstorm as it dipped down far lower than many were expecting over the last 8 months.
Turkey didn’t deter Rick Rule from liking it and so far he was right about IVanhoe in the Congo.
GDX bumped into important resistance today that some bears probably think will hold:
https://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=5&dy=0&id=p66005514168&a=645955035
Maple gold:
Matt,Galleon Gold had some nice results once again!!
Are you still accumulating??
Somewhat surprised its still in the single cent area.
Poko, yes, I still consider it a “no brainer” buy at the current level but it has been days since I bought more. I’ve actually hardly bought anything at all since the sector perked up last week but I still like what I see technically.
The intermediate low is almost definitely in place but I’m waiting to see if the sector gets a very short term pullback this week – and that’s looking less and less likely.
The PEA and resource update are coming soon for Galleon Gold and I bet they will be good.
Looking forward to Galleon PEA
it looks as though Chris Temple has left KEREPORT for good……could i be wrong…..i hope so
lance
Maybe Chris has gone rock climbing with Gary Savage and Rick.
Another “wash” day within the channel. Some up, some down.
‘Grow this story…’
Key phrase here. Australia is the land of flies, pies and bullshit, and NVO is right at home there.
Thanks, Cory. Very timely as I just bought more Novo shares. Stop me before I buy again…