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Canadian Gold Stocks

Discussion in 'Canadian Stocks Message Boards' started by Scott Youmans, Mar 24, 2018.

  1. Scott Youmans

    Scott Youmans New Member

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    MLRKF, DMIFF, RDEMF, VNNHF are in a class of their own. They are the only stocks of their kind to reach five year lows. And I searched up land acquistions but there was nothing but a couple of fruitless drills. Do not be fooled. I bought these stocks and they have remained steady at the purchase price. There is a lot of interesting things going on including OTC presentation, private placement, adjacent property drilling, and derisking mining areas. Thats why I bought these. These are the reasons on their websites and soon they will receive a call from me. I will try to update this thread accordingly.
     
  2. Auri

    Auri Member

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    “Gold Price Could Hit $1,800 This Year”





    Bob Moriarty of 321 Gold discusses Guyana Goldstrike



    "I have bought shares in the open market and that gives me a bias." "Please do your own due diligence."


    https://www.streetwisereports.com/pub/na/zinjin-finances-3-2-million-in-guyana-goldstrike


    Guyana Goldstrike Inc.

    Closes $3,475,000 Financing



    Completes Strategic Investment with Zijin Global Fund and Zijin Midas Exploration Fund LLC



    Marudi Gold Project located in prolific Guiana Gold Belt of South America



    • Region contains over 110 M oz of inventory gold

    • Project was a buyout target for Teck Cominco in 2012

    • 100% option on a 13,500-acre property

    • $30M USD + spent on project since 1985 by other operators

    • 42,000 m of diamond drilling / 141 holes completed to date

    • Company has a 20-year mining permit in good standing

    • Infrastructure in place

    • Established operating mining camp, with full time employees and manager

    • Project has generated revenue from alluvial gold mined under an agreement with local miners

    • Only 5% of the property has been explored, with two zones drilled (Mazoa Hill & Marudi North)

    • 2018 - 43-101 on the Mazoa Hill Zone indicates 259,100 gold oz and 86,200 inferred gold oz

    • Marudi has 3 gold bearing areas, Alluvial, Overburden Saprolite, Hard Rock

    • Targeting 1-2 million ounces of gold resource

    · 52 M shares issued (13.9M Zijin Funds & 12.2M Insiders)



    www.guyanagoldstrike.com

     
  3. Intern shIp

    Intern shIp New Member

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    Anaconda mining (ANX) is another interesting option; they are building a partnership to lower milling costs and increase profits here is a message from their president
     
  4. Intern shIp

    Intern shIp New Member

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    They reinvest in the local economy on the long term basis: In conjunction with the launch, they received 200 000 (in non refundable funding) from the Newfoundland and Labrador Department of Advanced Education, Skills and Labour to create the first course, plan various delivery methods for the training, and assess the optimal delivery model. The Company has engaged Training Works Inc. of St. John's, Newfoundland ("Training Works") to manage the first stage of the development and then assist in ultimately creating four more courses in 2018. These courses will serve as the foundation of a fully integrated skills development system for Anaconda that will grow over time.
     
  5. Auri

    Auri Member

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    Intern shIp likes this.
  6. Intern shIp

    Intern shIp New Member

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    https://www.anacondamining.com/2018...-drilling-to-test-high-grade-mineralized-zone [​IMG]

    Highlights of recent assays from the Drill Program on section 9250E include:

    • 752.54 grams per tonne ("g/t") gold over 0.5 metres (145.0 to 145.5 metres) in hole BR-18-25;
    • 56.67 g/t gold over 1.0 metre (132.5 to 133.5 metres) in hole BR-18-25;
    • 17.00 g/t gold over 1.0 metre (39.0 to 40.0 metres) in hole BR-18-25;
    • 6.55 g/t gold over 2.5 metres (84.5 to 87.0 metres) in hole BR-18-24;
    • 12.29 g/t gold over 1.0 metres (321.0 to 322.0 metres) in hole BR-17-13; and
    • 49.61 g/t gold over 0.5 metres (342.8 to 343.3 metres) in hole BR-17-12.


    Highlight assays from historic drilling on section 9250E include:

    • 4.36 g/t gold over 9.0 metres (127.0 to 136.0 metres) in hole BR-08-20A, including 9.02 g/t gold over 1.0 metre;
    • 2.72 g/t gold over 20.0 metres (118.5 to 138.5 metres) in hole BR-08-21;
    • 6.43 g/t gold over 1.5 metres (144.5 to 146.0 metres) in hole BR-08-20A;
    • 5.97 g/t gold over 1.5 metres (89.5 to 91.0 metres) in hole BR-08-21; and
    • 5.19 g/t gold over 1.5 metres (69.5 to 71.0 metres) in hole BR-08-20A
     
  7. Auri

    Auri Member

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  8. TheDude

    TheDude Active Member

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    AXM.V is starting to get momentum here. With their gold royalty from Teranga Gold coming in and giving them net profits every quarter, along with the company going back to their CAR claim which has 2 million proven ounces of gold, the play is considerably undervalued. Most of the shares are held by insiders/institutions.

    Most recent update:


    Axmin earns $1.2-million (U.S.) in 2017

    2018-05-07 11:33 MT - News Release


    Ms. Lucy Yan reports

    CHAIRMAN PROVIDES AXMIN'S YEAR END 2017 FINANCIAL AND OPERATIONAL RESULTS

    Axmin Inc. has released highlights from its audited annual financial statements for the year ended Dec. 31, 2017, which have been filed on SEDAR (amounts are in U.S. dollars).

    2017 highlights

    Financial:



    • Revenue of $1.6-million (2016: $1-million);
    • Net income of $1.2-million (2016: loss of $250,000);
    • Cash balance of $1.1-million (2016: $400,000).


    Operational:



    • Revenue from the company's net smelter return (NSR) royalty with Teranga Gold Corp. for the Gora deposit has grown from $1-million in 2016 to $1.6-million in 2017. For the avoidance of doubt, at the moment, only the Gora deposit contributed the NSR royalty revenue of $1.6-million for the year 2017 to Axmin.
    • Axmin staff are in discussions with Teranga regarding progress on developing other properties in which Axmin has an interest.
    • Axmin holds an additional 16 target areas in conjunction with Teranga subject to future development with no further capital participation contribution required from Axmin.


    Central African Republic (CAR):



    • Axmin is delighted to confirm that, on March 26, 2018, the Minister of Mining and Geology in the CAR issued an executive order No. 073/18/MMG/DIRCAB/DGM to grant Somio Toungou an extension of the period of exemption from development and exploration under the mining licence for one year, running from March 22, 2018, to March 21, 2019, relating to the Passendro gold project.
    • By the executive order, Aurafrique also was granted a one-year extension, running from March 22, 2018, to March 21, 2019, of an exemption from exploration and research work on the Bambari 1 and 2 exploration permits.
    • The situation in the CAR remains difficult, but Axmin's in-country representative, Boubacar Sidibe, has recently visited Bambari and has met with the district commissioner, Prefect of Ouaka, the Vice-Mayor of Bambari, head of MINUSCA at Bakala and representatives of the illegal miners who were at one time active on the Passendro gold project site. Axmin is maintaining excellent relations at the regional level as well as at the central government level.
    • Axmin regrets the instability that has plagued the CAR but is confident that stability will return under the stewardship of the current government and looks forward to working with all stakeholders to develop a safe, rapid and profitable mining operation on the company's mineral properties in the CAR.


    Commenting on the 2017 annual results, Lucy Yan, Axmin's chairman, said: "During the past year of my tenure as chairman, we are starting to see some positive developments in the CAR. We believe that the duly elected government working with MINUSCA will in time bring stability to the country and specifically to the region around Ndassima, where our main asset is located. We have been in close communication with the senior ministers and officials of the governments both in Bangui and locally in Bambari and look forward to the time when we can reclaim the site to become operational again."

    The counsellor to the CAR president for disarmament, demobilization, reinsertion and repatriation (DDRR), Colonel Noel Bienvenu Selesson, wrote to Axmin: "We thank you not only for the efforts made by your company but also for the reaffirmation of its commitment and its determination to go to the operation. The DDRR process is evolving. After the successful completion of the DDRR/RSS pilot project that ended on Dec. 19, 2017, we are very actively preparing for the launch of the large DDRR. The provisions in this framework, will allow your company to resume fairly quickly all its activities in the area as well as in the rest of the country."

    The CAR Minister of Mining and Geology, Leopold Mboli Fatrane, also wrote to Axmin: "... the Ndassima mine is one of the main projects on which the government is setting out to revive the national economy. To this end, the government and the Integrated Multidimensional Stabilization Mission of the United Nations in Central African Republic (MINUSCA) have already undertaken the restoration of the authority of the State in the Ouaka and its surroundings."

    David Weill, lead independent director of Axmin, commented: "Management has done a superb job during this time of adversity to firstly secure the financial situation of the company by strictly controlling costs and secondly develop the royalty revenue streams for the benefit of all shareholders. Management has also maintained an excellent relationship and ongoing dialogue with the government of the CAR so that, when the company regains access to and control over the mining site, the company may rapidly implement a pragmatic mining plan focusing on developing the extremely high-grade deposits that will provide operational security for our employees and contractors, require limited capital expenditures from the company, and hopefully achieve very profitable returns in a very timely fashion for our shareholders."

    This press release should be read in conjunction with the company's audited annual financial statements for the year ended Dec. 31, 2017, together with its management discussion and analysis for the year ended Dec. 31, 2017, both of which are available from the company's website and on SEDAR.

    About Axmin Inc.

    Axmin is a Canadian exploration and development company with a strong focus on Central and West Africa. Axmin is positioned to grow in value as it progresses its Passendro gold project toward development and builds on its project pipeline focusing on transitioning from an explorer to producer.

    We seek Safe Harbor.

    © 2018 Canjex Publishing Ltd. All rights reserved.
     
  9. Mck

    Mck New Member

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    A New Deposit In The Guiana Shield Is Gaining Validation From The Market

    Guyana Goldstrike. (CVE: GYA)

    | Recommendation - BUY; Target Price - $0.45 |



    A New Deposit In The Guiana Shield Is Gaining Validation From The Market Initiating Coverage With A Buy Rating And A C$ 0.45 Per Share Target Price Guyana Goldstrike is a Vancouver based mining company with their flagship project in advanced exploration stage in Guyana, South America.

    The project is 13,500 acres in size, with a mineral resource estimate and permitted mining license, and remains 95% unexplored. Our Price Target of C$ 0.45per share for GYA is based on the enterprise value per ounce of M&I resources of comparable companies.

    We are initiating coverage on Guyana Goldstrike Gold with a BUY recommendation and C$ 0.45 per share target price.

    Guyana Goldstrike Is Advancing Its Flagship Marudi Project In Guyana Guyana Goldstrike is focused on advancing its Marudi project located in the Guiana Shield in Guyana, South America.

    The Guiana Shield is a mineralized geological belt that stretches from Venezuela in the West to Northern Brazil in the East. It is over 415,000 square kilometers, underlies Venezuela, Guyana, Suriname & French Guiana, and hosts deposits in excess of 110 Moz of gold.

    The Marudi Project property is large; only a fraction of the property has been explored by mining companies.

    The grades of 1.8 g/t are in line with the other gold deposits in the Guiana Shield. Merian Mine in Suriname is the most recent deposit in the Guiana Shield, brought into production in late 2016 by Newmont. The Merian Mine has a reserve grade of 1.23 g/t and Rosebel Mine has a reserve grade of 1.00 g/t.

    Two Zones Discovered - Exploration Could Lead To More Mineralized Discoveries The mineral resource estimate on Marudi has only been completed for the Mazoa Hill Zone.

    Two mineralized zones have been discovered so far - the Mazoa Hill Zone and the Marudi North. Both zones are open to mineralization in multiple directions and at depth, and therefore favorable to further exploration and development.

    The probability for future discoveries is significant, given that only 5% of the total land package has been explored to date.

    The current exploration plan involves 10,000 m of diamond drilling, 12,000 m of trenching, detailed rock, soil and core sampling together with an airborne magnetic survey of the entire property area.

    A Vote Of Confidence From Zijin Mining

    Guyana Goldstrike has a strong investor base, with their single largest shareholder, Zijin Mining Group, holding 24.4% of total shares outstanding and 12.8 MM common share purchase warrants. Zijin Mining’s position signals their confidence in Guyana Goldstrike’s project and management team.

    www.comprehensiveresearch.ca
     
  10. Auri

    Auri Member

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  11. Auri

    Auri Member

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