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October 21st, 2020
Dear Valued Readers,
Both of our featured companies have released news since our last newsletter.
Links to the news releases can be found in the lower section.
[ Gold Chart ] The chart is a 1 Hour chart and shows Gold breaking out of a triangle which formed over the last month. In my opinion I think we should see new highs in gold before the end of the year. [ Oliver MSA - Gold, Silver & Mining ] Oct. 18th Weekend Report.
Oil continues to bounce around, not breaking out either way. The latest big news was a couple takeovers in the shale space. Pioneer Natural Resources agreed to buy Parsley Energy for US4.5 billion in stock, a day after ConocoPhillips announced a US9.7 billion takeover of Concho Resources. [ BNN Bloomberg M & A Article ]
Articles / Media:
[ YouTube ] Eric Sprott's Weekly Wrap Up - October 16th, 2020
[ YouTube ] Chris Vermeulen shares thoughts on US dollar, precious metals, mining shares
If you would like to feature your company please reply to the newsletter with information about your company's projects, share structure, and contact info.
Thanks.
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Our new featured company is a gold and copper explorer.
Rockridge Resources (TSX.V: ROCK) is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, specifically gold and copper. Rockridge’s general strategy is to go into historical, prolific mining districts with modern exploration techniques and methodologies to test new ideas and make new discoveries. Specifically, Rockridge is acquiring and rethinking projects with gold or copper as the primary credit, which are within reach of existing infrastructure in geopolitically favourable jurisdictions.
The Company’s core gold project and current focus is the Raney Project, which is a highgrade gold exploration project located in the same greenstone belt that hosts the world class Timmins and Kirkland Lake lode gold mining camps.
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Symbol: ROCK
Exchange: TSX Venture
Shares Outstanding: 51.1M
52 Week High: .23
52 Week Low: .07
Currently: .165
Rockridge recently raised $1.7 Million at 10 cents with a warrant at 17.5 cents.
The Company’s other asset is the Knife Lake Project located NW of Flin Flon in Saskatchewan. The Knife Lake Project is a remobilized shallow VMS deposit with a significant copper dominated resource. Strong discovery potential exists at both of the Company’ projects. Rockridge’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in mining-friendly jurisdictions.
The April 30th [ Resource World ] article discussing their previous 9 hole drill program which included 6m of 28g/t gold (uncut).
The July 31st Report by Bob Moriarty of 321 Gold can be read [ here ].
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Jaeger Resources is a public exploration company engaged in the acquisition, exploration and development of high potential mineral properties with a current focus on its Taylor Brook Deposit in the prolific Bathurst Mining Camp.
The Company’s Management, Directors and Advisors have significant experience in mining, exploration and business development.
Prolific Bathurst Mining Camp,
New Brunswick
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One of the most prolific base metal mining camps in the world, hosting at least 46 volcanogenic massive sulphide deposits with a total sulphide resource of over 500 million tonnes.
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Since initial production in 1956 at Heath Steele (approximately 24 million tonnes extracted averaging 5.2% zinc, 1.8% lead, 0.93% copper and 65.5 g/tonne silver between 1956 and 1999), the camp has produced a total of 177,350,000 tonnes of ore at an average grade of 3.12% lead, 7.40% zinc, 0.42% copper and 94 g/tonne silver.
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Symbol: JAEG
Exchange: TSX Venture
Shares Outstanding: 54.6M
52 Week High: .075
52 Week Low: .01
Currently: .03
Taylor Brook Deposit,
Bathurst Mining Camp, New Brunswick
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Consists of 70 mineral claims encompassing 1,540 hectares.
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Excellent infrastructure in place including close proximity to major highways, power and skilled workforce.
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Staked claims make the property contiguous with the Stratmat property, with the optioned claims located approximately six kilometres along strike and northeast of the Stratmat deposit (indicated resources of 4.7 million tonnes at 5.3% zinc, 2.1% lead, 0.40% copper, 49 g/tonne silver and 0.60 g/tonne gold).
Jaeger is currently raising $750,000 for exploration.
See the full news below.
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The Watch List
Auryn Resources is no more. Mentioned at $1.65, peaked at $3.55 and has now completed its takeover of Eastmain Resources and split into three. Two of the companies are not listed yet and the third is Fury Gold Mines Limited , symbol: FURY on the TSX. The company is trading around $2.00.
They announced that they have received their permit for the first 13,000m of its fully funded 50,000m drill program for its Eau Claire project in the James Bay region of Quebec. Drills will be turning shortly and the drill program will provide lots of news.
[ Must watch video ]
Durango Resources - DGO TSX-Venture Currently .15 +.05 on over 300K traded.
* I own a truck load full
I first mentioned a year ago at 7 cents and now the exploration cycle has started. The company has raised $2.82 Million and the drill is now turning on their Trove property. News has been flowing about outcrops found, favorable geology, and that they are surrounded by Osisko OSK TSX and Bonterra Resources BTR TSXV. Please see the [ Corporate Presentation ] on page 9 for a map of previous drill results from Osisko, and where Durango is drilling their holes. Does the gold just stop occurring in between the OSK holes? I would tend to guess not, but that is what the drilling is for.
For double the fun:
Bonterra Resources just announced that they hit 2.7m of 34.5g/t on their Barry project and as coincidence would have it, Durango put out news that they dispatched a work crew to their East Barry property which borders Bonterra and Osisko. I can see them drilling this property after Trove is completed.
Lots of exploring, drilling, and news to come.
Always do your own due diligence.
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