[ Follow Us On Twitter ]   
#Stocks   #TSX   #TSXV   #CNQ   #NASDAQ   @MarketTrendNews

 

November 21st, 2019
Dear Valued Readers,
 
We are happy to announce another junior mining company as our new sponsor.
Please have a look below!
 
The Dow just keeps creeping up, it broke the 28,000 mark since our last newsletter. The high is now 28,090.21 and its currently trading about 27,800 today. Pull up the one year chart on the Dow, it is pretty incredible. The low last December was 21,712.53, so it is up about 6000 points from that point, that is not too bad. My mind works the other way though, it is saying to me, "When is the next correction?"
 
Gold broke lower after our last newsletter. It tested the support level of $1445USD/oz formed a 4HR divergence and has rebounded about $20USD from that low. Currently at $1465. There is resistance in the $1480ish level then it should move back above $1500 to resistance at $1515ish. If it breaks to the low side (under $1446) we could see a test of $1400USD/oz.
 
The current CN Rail strike will affect Canadian GDP but how much will depend on how long it lasts.  The Bank of Canada isn't hinting that they will drop rates at the next meeting so the Canadian dollar may strengthen a bit. I'm of the opinion that the Canadian economy isn't that strong and the Bank of Canada should be dropping rates along with all the other countries. 
 
I thought this would be interesting to show you all. It is an infographic showing what share of government world debt does each country owe. I bet you can all guess who is leading the way.  [ Have a Look ]
 
Upgrade your subscription to MTN Platinum ---> [ Here ]
Our new featured company is another junior mining explorer focused on exploration in Nevada!
 
The company has 10 Exploration and Development Properties in Nevada.
 
Their flagship property highlights:
 
• Formerly operating open-pit/heap-leach mine that produced 299,259oz Au & 1.8MMoz Ag by Amax Gold (closed 1997), now 100% owned by the company
 
• NI 43-101 resource estimate & positive PEA in 2012

• Exploring for a high-grade, potentially multi-million ounce “Feeder Zone” responsible for the mineralization previously mined and remaining as resource

• Feeder target refined in 2018 by two deep “proof-of-concept” holes, new mapping & sampling, and 3D evaluation of detailed geophysics
 
Click below to get the NI 43-101 resource estimate numbers stated in their Corporate Presentation PDF.
 
Exchange: TSX Venture
Shares Outstanding: 68.5M
52 Week High: .20
52 Week Low: .05
Currently: .065
 
The company's stock hit .20 in September and it has slowly declined since then. It looks like it has hit bottom where some accumulation is happening. Bravada raised $900,000 this year at 7 cents with a warrant at 12 cents. The stock is trading under the last PP price. 
 
Press the Orange Bar Below for more information.
 
Current Resource Estimate
(oxide at 0.005opt Au cut off):
 
• Indicated = 570,500oz Au
with 14,700,000oz Ag
• Inferred = 354,300oz Au
with 10,100,000oz Ag
 
Positive PEA - @$1,300/oz Au & $24.42/oz Ag:
• IRR = 29% Pre-tax & 21% After-tax
• NPV@5% = $42.9 M Pre-tax &
$26.5 M After-tax 

 

Respond for the Company's Name, Symbol, Web Site, Fact Sheet, and access to the 20 Page Corporate Presentation. [Click for Access]
Our new featured company is a junior mining explorer focused on exploration in Nevada!
 
The company has one gold exploration property, a Cobalt Mine Property, a Copper Property, and a VMS Property. They also have five lithium properties in Nevada.
 
The company's last news release was to announce the commencement of their drill program on their Nevada gold project. The company has a 20.9% interest in the project.
 
The project is a former producer from open pits in the 1990s. Deeper mineralization was discovered in 2013.
 
"The 2019 drilling program is planned to consist of approximately 1,600 metres (5,250 feet) of reverse circulation drilling in five to six holes. Drill holes will target the eastward extension of the ..... high-grade sulphide resource that includes 284K Indicated ounces at an average grade of 6.04 grams/tonne gold (see gold resource estimate described below). "
 
Read the full news at their web site.
Exchange: TSX Venture
Shares Outstanding: 52.8M
52 Week High: .145
52 Week Low: .04
Currently: .05
10 year high: $2.75
5 Year High: .53
3 Year High: .36
 
The company's focus is Nevada and not just for gold, multiple metals. (Gold, Copper, Lithium, Cobalt).

 

All of their projects have good access and infrastructure thanks to more that a century of exploration activity.
 
Get more information before the current drilling program is completed and the drill results start to come out!
 
The corporate presentation outlines the current resource estimate for the project.
 
Press the Blue Bar below the chart to get more information.

 

Respond for the company's Name, Symbol, Web Site and access to the 28 Page Corporate Presentation. [ Click for Access ]
Editorial Comments:

Auryn Resources ( AUG TSX-Venture ) [ Auryn Web Site ]
[ I own some of it, I do not work for them. ]
 
Auryn continues to put out news.
"Auryn Expands High-Grade Zone at Curibaya by 1.5 kilometers with Additional High-Grade Silver, Gold, and Copper Samples
Auryn Resources Inc. (TSX:AUG)(NYSE American:AUG) ("Auryn" or the "Company") is pleased to announce additional results from its first surface sampling program at the Sambalay and Salvador concessions within the 11,000 hectare Curibaya project located in the Tacna province in Southern Peru. Highlights include up to 7,990 g/t silver, 17.65 g/t gold and 6.97% copper. These results extend the recently reported high-grade surface results (see October 28, 2019 news release) from the 4.5 square kilometer mapped quartz-sericite-pyrite alteration zone (Figures 1 - 3) by 1.5 kilometers to the west." [ Full News Here ]
 
Ivan Bebek, their executive chairman, is probably the best presenter I have ever seen. It is well worth your while to listen to an interview or two. Do some research on their Peruvian projects. I'm looking forward to two drill programs in Peru next year and I think 2020 will be incredible!
 
Presentations/Interviews:
October 30th: Proactive Interview [ View Here ]

October 29th: Financial Survival Network Podcast: [ Listen Here ]

June 16th, 2019 Investment Recommendation: Roth Partners
Target $3.25USD [ View Here ]

Precious Metals Summit:
[ 15 Minute presentation ] [ PDF of the slides ]
 
===================================================
 
Do your own research!
 
More stocks and more commentary in our next newsletter!
 
Treat this section as a very opinionated BLOG.
I do not provide trading advice and you should do your own research.
 
READ This

If your not interested in stocks or other financial commentaries then please use our instantaneous removal link in the footer of the newsletter.
READ This Too

Please be advised that YOU are responsible for your own actions and you should consult your investment advisor before making any investment decisions.
 
DISCLAIMER:
Our sponsoring company has paid for an advertising package with Market Trend News.
Market Trend News may or may not have a share position in the company being featured.