Osisko Metals 2019 Outlook
Osisko Metals (TSX.V:OM & Frankfurt:OB5) released news yesterday providing an outlook for 2019. If you have any questions on the plans for this year please email me at Fleck@kereport.com and I will be happy to get those addressed.
Here’s the news…
Osisko Metals Incorporated (the “Company” or “Osisko Metals”) (OM)(frankfurt:OB5) is happy to announce a summary of 2018 highlights and a 2019 corporate and exploration outlook.
Jeff Hussey, President and CEO, comments: “2018 was a very successful year in which we acquired and advanced projects that have the potential to create shareholder value in a short and opportune time frame — while zinc metal inventories are at critically low levels and with mid-term mine supply forecasted to be less than global demand. The acquisition of the Pine Point Mining Camp (“PPMC”) was completed in February and the Company immediately initiated the largest active drill program in the Northwest Territories, allowing for the rapid definition of a 38 Mt Inferred Mineral Resource Estimate grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb). Osisko Metals is now the only junior in the Americas with a resource of 5.5 billion pounds of zinc and lead that has excellent expansion potential.”
In the Bathurst Mining Camp (“BMC”), we increased our portfolio of projects centered on the Brunswick Belt and acquired the Key Anacon project, which had been privately owned since the 1950’s. Key Anacon has now developed into the most exciting base metal exploration and development project in the BMC following significant exploration success in 2018, and we will continue to build on this momentum in 2019.”
PPMC: Completed 55 kilometres of predominantly resource definition drilling and published a Maiden NI43-101 Mineral Resource Estimate (“MRE”) on December 6 [th] , only 9 months after the acquisition.
A NI43-101 near-surface, pit-constrained Inferred MRE of 38.4 million tonnes grading 4.58% zinc and 1.85% lead (6.43% Zn+Pb) that contains 3.9 billion pounds of zinc and 1.6 billion pounds of lead. (See December 6 [th] press release or listen to replay of Pine Point MRE conference call, here).As of December 31st, 2018, 605 drill holes totalling 41,379 metres of in-fill drilling were completed, but not included in the MRE, as these results arrived after the September resource cut-off date. This will convert a significant portion of the Inferred Resources into the Indicated category that can then be used for future economic studies.De-risking initiatives included metallurgical testing, mine planning, environmental baseline studies, including wildlife and archaeological studies, and ongoing negotiations with First Nations and Metis Nation groups. These initiatives will continue in 2019 and expand to include other areas of interest.
BMC (Key Anacon): Completed 49 kilometres of predominantly resource step-out, and definition drilling. Key Anacon is now the flagship project in the BMC. Future drilling will focus on expanding Key Anacon’s high-grade mineralization at both the Main and Titan Zones as …read more
Maple Gold Mines Releases a 3D Model That Shows Higher Grade Zones Below The Current Deposit
Maple Gold Mines just released the news highlighted below today. This new 3D model shows multiple untested higher grade zones that are below the current resource at the Douay Deposit. Clearly the Company will be following up on these untested zones but I will be getting more information from The President and CEO Matthew Hornor shortly. Please send me whatever questions you have to Fleck@kereport.com.
Click here to read the full release on the Maple Gold Mines website.
Here’s the news…
New 3D Geological Model Highlights Multiple Higher-Grade Mineralised Zones Untested Below Shallow Depth at Douay Project
Montreal, Quebec–(Newsfile Corp. – January 16, 2019) – Maple Gold Mines Ltd. (TSXV: MGM) (OTCQB: MGMLF) (FSE: M3G) (“Maple Gold” or the “Company“) has created a new 3D geological and structural model for its Douay gold project, located on the prolific Casa Berardi Deformation Zone near Val d’Or, Quebec. The Douay deposit currently contains 2,759,000 ounces Au in the inferred category and a further 479,000 ounces Au indicated using a 0.45 g/t Au cut-off grade (Micon 2018). The Micon 2018 resource does not include the new drill data from the winter 2018 campaign, and is open along strike and down dip. The new 3D model will improve targeting of additional resources in subsequent drill campaigns and forms the foundation for an updated resource estimate.
New 3D model based on historical and new exploration results and re-interpretation of the existing and new mineralised envelopes, highlights numerous zones of higher-grade mineralisation throughout the 6km strike length of the Douay deposit (see Figures 1, 2)
The higher-grade zones are variably plunging and structurally-controlled by northwest-southeast striking Douay faults and east-west trending faults of the Casa Berardi Deformation Zone (CBDZ)
The down-plunge continuity of higher-grade zones has to-date been tested only to shallow depth – the average drill-hole depth at Douay is only ~230m vertical – providing excellent potential for resource expansion to depth (Fig. 2)
Additional mineralisation controls and orientations are related to the morphology of more local structures, syenite intrusions and their contacts
Matthew Hornor, Maple Gold’s President and CEO, commented: “Having a more thorough set of structural interpretations and a new 3D geological model establishes a foundation more in line with the standards of a major gold company and marks an important internal milestone for our technical team.”
Fred Speidel, VP, Exploration, added: “These new products have strongly encouraged us to pursue down-plunge extensions of higher-grade zones that continue below the current average depth of drilling at Douay. They will also allow us to more accurately target these higher grade zones in our subsequent drill programs.”
Figure 1: 2D representation of 3D structural model showing distribution of higher-grade mineralized zones (red), within lower-grade envelope (yellow), controlled by the two main sets of structures: the E-W Casa Berardi set (grey) and the NW-SE Douay set (blue). Note trace of longitudinal sections 100mN and 0mN as also shown in Fig. 2 below).
To view an enhanced …read more
Summarizing The Brexit Vote, More China Market Intervention, and US Market Technical Levels
Chris Temple joins me today to recap some significant news from yesterday. The Brexit vote failed by a wide margin however the markets more or less brushed it off. China is stepping in again to help save/support its markets which is helping the US markets as well. We wrap up the call by looking at the technical picture for the US markets and provide a general prediction of what this year will look like in a broad sense.
Finding Opportunities In Dividend Stocks And Select Gold Stocks
Sean Brodrick, Editor of the Supercycle Investor over at the Weiss Group shares where he is finding investment opportunities during this bear market. With a general bearish outlook on the broad markets Sean says dividend stocks in selective sectors typically perform well over these times. Also he like some of the gold stocks but is not going all in at this time.
Eastmain Resources – Recapping The Percival Discovery and The Plans For 2019
Eastmain Resources President and CEO Claude Lemasson joins me today for a recap of a recent discovery at the Clearwater Property and the two other projects that were worked on last year. We also look ahead to the plans for 2019 and the cash position of the Company.
If you have any follow up questions for Claude regarding Eastmain please email me at Fleck@kereport.com.
Eastmain Resources update
Adrian Day – Insights On The Newmont Goldcorp Deal
I highly respect what Adrian Day has to say on the metals markets so when the deal between Newmont and Goldcorp was announced yesterday I reached out for a comment. We get into some of the finer details of the deal and find out who the real winner is.
Adrian Day – Newmont/Goldcorp deal
Great Bear Resources Provides A 3D Model Of The Dixie Project
Below is the news out today from Great Bear Resources that presents a 3D model of the Dixie Project. Please take a look at the model and send me any questions or comments you would like the Company to address (Fleck@kereport.com). There is also a conference call scheduled for Thursday at 11am PST that I will be attending to get a better understanding of the model.
Here’s the news…
January 14, 2019 – Vancouver, British Columbia, Canada – Great Bear Resources (the “Company” or “Great Bear”, TSX-V: GBR) today provides a 3D model of gold mineralization drilled to-date at the Company’s 100% owned Dixie project. All previously reported drill results from the Dixie Limb (DL), Hinge (DHZ), and South Limb (DSL) zones are provided, in addition to the primary geological units.
Figure 1: 3D view of the geological model
The model represents an approximately 12 square kilometre area of the approximately 100 square kilometre Dixie property, from surface to 1 kilometre depth, centred on the area of most drilling, and includes (Figure 1):
Mineralization models for the DL and DHZ/DSL zonesInterpreted geological units from geological and geochemical data including: 12,008 litho-geochemical samples, 2,998 structural measurements, and 20,898 gold analysisInterpreted D2 fold axes which are related to mineralization
Additionally, the Company reports that its fully-funded 30,000 metre, 150-drill hole program has resumed after a brief break for the holiday season. The Company will mobilize a second drill rig early in 2019 in order to more rapidly drill the known mineralized zones and simultaneously test new gold targets. Results will continue to be released in batches as received.
A downloadable video of the model is provided on the Company’s web site at www.greatbearresources.ca/presentation. A live webinar to be hosted by Great Bear’s Director and Vice President, Exploration Mr. R. Bob Singh and Great Bear’s President and CEO Mr. Chris Taylor reviewing the digital model and results to-date, will be held at 11:00am Pacific Time on Thursday January 17, 2019. Participation instructions are provided below.
Mr. Taylor said, “Great Bear is completing a large number of drill holes throughout 2019 and 2020, totalling at least 30,000 metres. The Company is fully funded for this work and anticipates a very active sequence of news flow. We are providing a video of our current geological model due to high investor demand, and so that shareholders may more easily monitor our progress as we continue to explore the multiple gold zones at our flagship Dixie project. We would also like to invite any interested shareholders and potential investors to listen to myself and our Director and Vice President of Exploration, Mr. Bob Singh provide a live webinar detailing our results to-date on Thursday January 17th.”
Great Bear will host a webinar to discuss the Company’s recent results and the 3D model. The webinar will take place on Thursday, January 17 at 11:00am PST/2:00pm EST. Management will be available to answer questions following the presentation. Online access …read more
Will The Newmont / Goldcorp Combination Help The Gold Sector?
As optimistic as the gold bugs want to get regarding the consolidation of Newmont and Goldcorp there is still a lot that needs to be proven now by the largest gold miner. These deals can help an overall sector but for a sector that has been this ignored and unloved the now Newmont Goldcorp is going to prove it from the operational standpoint. John Rubino, Founder of DollarCollapse.com shares his thoughts on what this deal means for the gold market and in terms of possibly bringing other investors in.
When discussing this topic Mr. Temple brings up the very important point that participants in this discussion must first clearly define their terms. Big Al agrees because he believes that often times this topic includes misunderstandings. What do you all think?
Chris Temple Founder and Publisher of The National Investor
Mr. Opinionated, Big Al …read more
Weak Data Out Of China and A Consolidation Of Major Gold Producers
Chris joins me today to comment on the weaker than expected data out of China and a consolidation of majors in the gold sector. Regarding the data, we continue to see poor data out of China which is making the overall investing environment a choppy affair. As for the gold market we now have Newmont and Goldcorp combining to form the largest gold company in the world. What is this saying about the overall gold sector?
Politics – Trade Issues, The Boarder Wall and Immigration
Full Political Hour
Segment 1 – Joshua Phillip Editor and Senior Investigative Reporter for The Epoch Times discusses Chinese and U.S. trade practices.Segment 2 – We discuss funding for Trumps Wall with Chris Temple.Segment 3 – Charlotte Cuthbertson and Big Al opine of the true problem of illegal immigration and how it hurts Americans.Segment 4 – Big Al and Charlotte Cuthbertson indirectly discuss the question Are Pelosi, Schumer, and Trump the only people running our country.
Segment 4 …read more
Hour 1 – Featuring Peter Boockvar, Mike Larson, and Jeff Christian
Full 1 Hour KER weekend Show
This week we spend a half the show on the metals markets and the other half figuring out what the markets and Fed have in store for us this year.
Please keep in touch by emailing me at Fleck@kereport.com. The Vancouver Resource Investment Conference in coming up next weekend. If you want me to sit down with any companies please comment or email me and I will take some time with management.
Segment 1 – Peter Boockvar, Chief Investment Officer of Bleakley Advisory Group and CNBC contributor shares his thoughts on where the fed stands after a plethora of Fed speeches this week. Segment 2 – Peter Boockvar is back for another segment, this time discussing the US markets and other sectors where he sees an opportunity in 2019.
Click here to visit Peter’s “The Boock Report” blog Segment 3 – Mike Larson. Editor of The Safe Money Report weighs in on the bear market behavior of the US markets. Click here to follow Mike on Twitter. Jeff Christian, Managing Partner at CPM Group looks at a number of metals sectors for 2019. These include the PMs, base metals, and even battery metals.
Exclusive Company Interviews This Weeks
Segment 1 – Peter Boockvar
Segment 2 – Peter Boockvar
Segment 3 – Mike Larson
Segment 4 – Jeff Christian …read more