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January 16th, 2020
 
Dear Valued Readers,
 
Happy New Year to all our valued readers! We hope you had a great holiday and you have had a great start to the new decade!
 
Will the U.S. markets ever relax? Yesterday saw the Dow hit new 52 week highs again, closing at 29,030.22! Interactive chart of it [ here ]. Yesterday Trump signed phase one of the US-China trade deal. [ Bloomberg Article / Trump Announcement ]
 
Yesterday also brought news of the U.S. House voting to officially start Trump's impeachment Senate trial. [ News Article ]
 
Spot Gold [XAU/USD] is currently at $1553 usd/oz. Up about $80 us/oz since we last wrote, but it also spiked to $1611 on January 8th when the Iran-U.S. tensions were escalating. After the spike over $1600, it fell off pushing through the $1557 support and bounced off $1536 which was the support created by the highs from September 25th, 2019. Trump impeachment drama, U.S.-Iran tensions along with a plane being shot down in Iran, there is no lack of turmoil and uncertainty in the world. Uncertainty helps drive higher gold prices.
[ Featured Podcast ] with Eric Sprott - Chairman of Sprott Money Ltd.: "Ready for Another Big Move in Gold and Silver? Welcome 2020 - Weekly Wrap-up (January 03, 2020)"
 
Our featured [ infographic ] is the best and worst performing sectors of 2019. Semiconductors led the way on the winning side and you could have almost predicted that Oil lead the loser side. 
 
Now brave bottom pickers may be looking at some of the Oil and Gas sector companies and researching which ones will survive and continue paying their high dividends. Is this the year Oil starts to climb its way to $70.00+ U.S./barrel?
 
The Vancouver Resource Investment Conference is this weekend. January 19th-20th, 2020. Information on the event and the exhibitors can be found [ here ].
 
Upgrade your subscription to MTN Platinum ---> [ Here ]
Our new featured company is another junior mining explorer focused on exploration in Nevada!
 
Bravada Gold Corporation
(BVA: TSX Venture) 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: .055
Currently: .09 +.02 since our last newsletter.
 
The company's stock hit .14 in early January. Bravada raised $900,000 in 2019 at 7 cents with a warrant at 12 cents.  
 
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: 53.4M
52 Week High: .125
52 Week Low: .035
Currently: .04
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. ]
 
Current Price: $1.70CA

In my opinion Auryn is being discounted because of lack of news. Getting drill permits in some countries is not an easy process. I'm hoping in the next few weeks we have some news about the Sombrero permits being issued and then the company can start some drilling. Auryn will have plenty of news this year with the drilling of Sombrero and Curibaya. 
 
Auryn is searching for "Elephant" type deposits. Ivan has mentioned many times, in his presentations, the rock similarities of Sombrero with the "Las Bambas copper project" which is also in Peru. From the [ Mining-Technology.com website ]:
"Xstrata obtained the right to explore and the option to develop Las Bambas, in a bidding conducted by Peru’s investment promotion agency ProInversión in August 2004. The MMG-GUOXIN-CITIC Metal joint venture acquired the mine for $7bn in August 2014."
"As of June 2016, the Las Bambas mine was estimated to contain proven and probable ore reserves of 1,086Mt grading 0.71% Cu, 201ppm Mo, 3.5g / t Ag, and 0.06g / t Au.
It is estimated to contain 7.71Mt of copper, 205,000t of molybdenum, 119Moz of silver, and 2Moz of gold."
 
From Auryn's web site:
 

Sombrero

Overview & Highlights

The Sombrero copper-gold property is comprised of approximately
130,000 hectares and is located approximately 340 kilometres SE
of Lima in southern Peru.

The property is hosted in the Andahuaylas-Yauri belt and is
interpreted to be on the north-western margin of the
Eocene-Oligocene aged copper-gold porphyry and skarn belt that
hosts the Las Bambas, Haquira, Los Chancas, Cotambambas,
Constancia, Antapaccay and Tintaya deposits. The principal
target at Sombrero is copper-gold skarn mineralization, which
Auryn feels has geological similarities to the Tintaya and
Las Bambas mines. However, the samples being collected
at Sombrero are copper-gold, rather than molybdenum-gold.
In addition, there is a layer of volcanic cover that is between
5-25 meters thick at Sombrero, which is not seen further
east where the Los Chancas, Las Bambas and Tintaya mines
are located.

Sombrero Project Highlights:

  • Multiple skarn and epithermal bodies hosted by the Ferrobamba
    limestone and cut by intrusives
  • Major oxide targets from surface
  • 3900m elevation with excellent access to infrastructure
  • Undrilled for copper and/or gold to date

Now the stock market is not the same as it was in 1996 but Barrick Gold bought Arquipa Resources for $790 Million US for their Pierina discovery in Peru. The Las Bambas mine was acquired for $7 Billion in 2014. Peru hosts a lot of mines and Auryn is hoping to find the next one. With Auryn having having two projects in Peru that look very promising, and a very large land position, I'm hoping for a very exciting year of drilling!
 
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Treat this section as a very opinionated BLOG.
I do not provide trading advice and you should do your own research.
 
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