NOTE: Not a recommendation to buy or sell stocks
The TFSA Letter Stock List is simply a list of stocks for a Tax Free Savings Account that could generate substantial capital gains. Stocks listed can be dropped or added back without notice depending on news flow and stock price changes. SOME STOCKS MAY BE SOLD IF STOCK RUNS UP BUT WILL REMAIN ON THE LIST IF THE STORY IS STILL GOOD AND THEY MAY BE BOUGHT BACK AGAIN IF STOCK DROPS TO ATTRACTIVE PRICE. DO YOUR OWN DUE DILIGENCE
Information on TFSA Letter Listed Stocks will be updated weekly…. Daily updates or news will be made on Twitter – @LetterTfsa
***ALERT – Where current stock price is shown in blue, stock has had a significant run since being listed and could be sold by TFSA Letter***
*Average Performance of Stocks in 2020 TFSA Stock List*
NOTE: Have added the – or + change in the stock price since last week’s price
Stocks (Stock Price When Listed) Current Stock Price Update
Aftermath Silver – AAG ($.285) – $.93 (+$.04) – filed a technical report on the Berenguela Silver-Copper Project, located in Peru pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) under the Company’s profile on SEDAR. In its news release dated July 27, 2020 the Company announced the entering into a binding letter of intent with SSR Mining Inc. to purchase 100% of Berenguela. The Berenguela Technical Report, titled “Berenguela Silver-Copper-Manganese Property Update” has an effective date of February 18, 2021 and was prepared by AMC Mining Consultants (Canada) Ltd. and Ausenco Engineering Canada Inc. The “qualified persons” for the Berenguela Technical Report are JM Shannon, P. Geo., MA Batelochi, MAusIMM (CP), and GS Lane, FAusIMM. The Berenguela Technical Report presents the results of the details of land tenure, a summary of historic exploration work, descriptions of geology, metallurgical test work and analysis of Berenguela’s drill hole data base including an analysis of the quality control and drill results. The Berenguela Technical Report does not outline a mineral resource estimate or an economic study for Berenguela.
ArcPacific Resources – ACP ($.08) – $.075 (-$.005) – announced that it has mobilized a diamond drill to its Rickard Gold Project near Timmins, Ontario, for its initial drilling program consisting of up to 4,000 metres of NQ sized core. Planned 15 holes, up to 4,000 meters of NQ diamond drilling. High grade gold in targets in well developed greenstone quartz carbonate vein system. LIDAR Surface modeling completed; multiple property wide targets identified. 3D modeling completed, potential for extensions of mineralized zones and parallel structures. Cost-effective road accessible skid drilling.
Adriatic Metals – ADT.AX (AUS$2.05) – AUS$2.07 (-AUS$.13) – Exploration drilling continues at Kizevak with near-surface, high grade mineralisation identified in KZDD-051, located up-dip from a thick, deeper lens: 15.0 metres at 2.5 % zinc, 1.7 % lead, 26 g/t silver, 0.3 g/t gold (4.6% ZnEq) from 7.0 metres, including 6.1 metres at 4.6 % zinc, 3.4 % lead, 41 g/t silver, 0.5 g/t gold (8.2% ZnEq) from 9.9 metres; KZDD-042 has extended mineralisation down dip and southeast from historically defined limits of mineralisation, which remains open: 10.2 metres at 2.1 % zinc, 1.0 % lead, 12 g/t silver, 0.4 g/t gold (3.5% ZnEq) from 70.8 metres, including 4.3 metres at 3.3 % zinc, 1.6 % lead, 22 g/t silver, 0.6 g/t gold (5.6% ZnEq) from 71.7 metres
Adamera Minerals – ADZ ($.04) – $.10 (+$.015) – announced the start of 2021exploration at its’ Buckhorn 2.0 and Cooke Mountain gold projects in Washington State, USA. The next announcement from the Company is expected to be the commencement of drilling at Cooke Mountain. Exploration at Cooke Mountain is being funded by Hochschild Mining Ltd (HOC: LON) under a joint venture (“JV”) agreement. The 2021 exploration budget is anticipated to be $1.0 million and will include a Phase 1 drilling program of about 3,000 metres to test a minimum of 4 targets. Exploration at Buckhorn 2.0 will ramp up as snow melts. Geophysics, sampling and mapping on the Keystone prospect, immediately south of the Buckhorn gold mine landholding (Kinross Gold) is the first target. Exploration will be extended to other parts of the property that Adamera considers the most prospective later in the spring. Permits are in process and an initial drill program is anticipated later in the year.
Artemis Gold – ARTG ($5.55) – $5.17 (-$.08) – announced that after a competitive bidding process, the Company has executed a binding memorandum of understanding with Ausenco Engineering Canada Inc. providing for a guaranteed maximum price for a fixed-price Engineering, Procurement and Construction contract to construct a 5.5 million tonne per annum processing facility and associated infrastructure for the Company’s Blackwater Gold Project in Central British Columbia.
Aston Minerals (formerly European Cobalt) – ASO.AX – (A$.049) – A$.125 (+$.01) – the Company announced coarse visible gold as veinlets intersected in diamond drilling at Edleston in the third drill hole from 362m – Broader 12m interval contains extensive quartz veining with pyritepyrrhotite and occasionally visible gold – Core processing of interval expedited, and assay results expected in coming weeks. Current drilling focused on an area 200m along strike to the east of the main body of mineralisation defined at Edleston – ~1km of a total 10km strike length drill tested at Edleston to date. Drill targeting is based on the use of IP geophysics – validated targeting model. Three diamond drill holes for 1,320 m completed to date. Substantial alteration including quartz veining, pyrite-pyrrhotite intersected in all three drill holes which appears to correlate well with projected target intervals.
1911 Gold – AUMB ($.26) – $.52 (-$.06) – reported that it has intersected high-grade gold in the initial drillhole of the Phase II Drilling Program on the Edna-Otter target, located in the Tinney Project area within the Company’s 100% owned Rice Lake properties in Manitoba. High-grade gold has also been intersected at the adjacent Cougar target in the Tinney project area, as well as at the Janet target, located in the Bidou project area 5 kilometres to the west. Ron Clayton, President and CEO, commented: “Early results from our second round of drilling have been very encouraging as we are consistently intersecting gold mineralization, and local high-grade gold, in several areas, at depths shallower than the tops of many historic orebodies in the district. We are looking forward to assay results from the remaining holes from Tinney and Bidou, which include deeper drillholes in our primary target areas. Our exploration program continues to demonstrate the under-explored potential of the Rice Lake greenstone belt”.
Bucephalus Capital – BCA ($.20) – $.175 (-$.025) – announced that it has granted an aggregate of 1,400,000 options to purchase common shares of the Company exercisable at a price of $0.22 per share for a period of 3 years to officers and consultants of the Company. The common shares issuable upon exercise of the options are subject to a four month hold period from the original date of grant.
Bioharvest Sciences – BHSC ($.50) – $.48 – invited its shareholders and the general public to join a Live Video Conference on Thursday, April 8, 2021 at 2:00 PM Eastern Standard Time (11:00 AM Pacific Standard Time). BioHarvest Sciences CEO Ilan Sobel will host the event, which will include a look forward to the imminent e-commerce launch for VINIA® in the United States, a review of Q1 2021 Israel sales orders performance, and a discussion of progress on the BioHarvest 2021 Growth Plan. The presentation will be approximately 35 minutes, followed by a live question and answer session. https://www.newsfilecorp.com/redirect/LKXYHJj5Q
Bond Resources – BJB ($.16) – $.12 (-$.005) – announced that it has closed Tranche 1 of its non-brokered private placement, raising $2,188,293.48 in gross proceeds through the issuance of 18,235,779 units at a price of $0.12 per Unit. Each Unit is comprised of one common share and one common share purchase warrant, with each whole Warrant entitling the holder to purchase one common share of Bond at a price of $0.16 per share for a period of 5 years. Proceeds from the Financing will be allocated primarily towards the Company’s Mary K Project in Idaho, including mining the bulk mineral sample, toll processing the bulk sample, equipment purchases and exploration drilling.
Condor Resources – CN ($.165) – $.225 (-$.005) – announced that it has concluded an agreement with Calipuy Resources Inc. whereby Calipuy will purchase Condor’s wholly owned Peruvian subsidiary, Minas Lucero del Sur S.A.C. MLDS is a sole purpose company, and the owner of the Lucero project located in the Arequipa Department of Peru. Consideration is US$3.5 million, payable over five years. Should the price of gold be over US$2,500/ounce at the time of the final payment, total consideration will increase to US$4.0 million; and should the price of gold be over $3,000/ounce at the time of the final payment, the total consideration will increase to US$6.0 million. Calipuy have the option to compress the payment schedule to three years, and in such event, the total consideration will be US$3.0 million. Condor has received the initial payment of US$90,000.
Canada Nickel – CNC ($.51) – $3.27 (+$.13) – announced that it is accelerating the expiry date of its common share purchase warrants issued on September 30, 2020 under the warrant indenture between TSX Trust Company and the Company. Each of the warrants entitles the holder thereof to acquire one common share of the Company at a price of $2.10 per common share. As of March 16, 2021, 1,822,750 of the original 2,675,000 Warrants issued remain outstanding to be exercised. “The acceleration and exercise of these Warrants provides us additional runway to continue our drill program at our Crawford Nickel-Cobalt Sulphide Project, including our recently announced MacDiarmid nickel target once permits are received in early April, and progress the related feasibility study due for completion by the end of 2021,” commented Mark Selby, Chair and CEO of Canada Nickel.
Core One Labs – COOL ($1.18) – $1.06 (-$.04) – a research and technology company focused in life sciences and on bringing psychedelic medicines to market through novel delivery systems and psychedelic assisted psychotherapy, announced it has completed the acquisition of Ketamine Infusions Centers of Texas Inc. (“KICT”), a U.S.-based health and wellness clinic that provides ketamine infusion therapy. The Transaction marks the first health and wellness operation for the Company is the United States. The acquisition of KICT establishes a roster of patients in Texas for psychedelic-assisted psychotherapy utilizing the Company’s novel delivery system and API grade psilocybin, upon legalization. Ketamine has long been used as an anesthetic during surgery to calm your mind and also to relieve the pain associated with certain procedures. Most recently ketamine has been successfully used as a treatment for severe depression, chronic pain and migraines. A few of the benefits of ketamine as an alternative treatment measure are its rapid onset and its capability in decreasing the need and dependence on narcotic painkillers. In a world where opioid and narcotic dependency is increasing at an exponential rate, Ketamine and other psychedelic treatments are proving to be an alternative solution to traditional treatments.
Cornish Metals – CUSN ($.125) – $.17 – (-$.01) – announced it will commence an exploration drilling programme at its United Downs project in Cornwall UK, on April 6, 2021, after receiving confirmation of its permitted development rights. The aim of the drill programme is to follow-up on the discovery of high-grade copper-tin mineralisation in drill hole GWDD-002 that recorded 14.69 metres at 8.45% copper and 1.19% tin, as first reported on April 6, 2020; Cornwall Council, being the relevant Mineral Planning Authority, has confirmed Cornish Metals’ permitted development rights enabling the Company to commence an exploration drilling programme at its United Downs prospect under the provisions of Part 17 Class K of the Town and Country Planning (General Permitted Development) (England) Order 2015; Drilling is due to commence from the first of up to five separate drill sites on April 6, 2021
*Spot price of tin AUS $35,900/t -AUS $1,758/t
Dore Copper – DCMC ($.85) – $1.00 – announced that it has entered into option agreements (the “Option Agreements”) to acquire a 100% interest in the former producing Norbeau gold mine property and the contiguous Beaurox property, a major land position totaling approximately 1,400 hectares (the “Properties”), located 15 kilometers by road north from the Corporation’s Copper Rand mill in the Chibougamau mining camp in northwestern Québec, Canada
Delic Holdings – DELC ($.64) – $.375 (-$.065) – a psychedelic focused wellness company, is pleased to announced that its acquisition target, Complex Biotech Discovery Ventures Ltd. (“CBDV”), a licensed cannabis and psilocybin research laboratory specializing in chemical analytics, extraction optimization, and process design, has commercialized and received its first research orders for Advanced Analytical Testing services through CBDV’s new online payment platform. Matt Stang, CEO and Co founder commented “CBDV has shown they have the foresight to see what is needed in industries before it is normal practice. We expect to see the same professional expertise they show in cannabis, in this new psychedelic industry. This is another milestone that shows our commitment to increasing shareholder value.” CBDV recently launched its Advanced Analytical Testing service which offers a streamlined process that allows clients to conveniently order tests online and ship their samples directly to CBDV’s lab. Clients can choose from a wide range of tests that provide a comprehensive analysis on cannabis flower, concentrates, formulations, and vapor/smoke.
Dolly Varden – DV ($.275) – $.69 (+$.05) – announces the results of the remaining assays from the 2020 drill program from it’s 100% owned Property located near tidewater in northwest British Columbia. The work completed during the 2020 Exploration Program included infill and step-out drilling at Torbrit Deposit as well as regional mapping, surface sampling and exploration drilling: DV20-222: 310 g/t silver over 6.00 meters, including 1,083 g/t silver over 2.70 meters; DV20-244: 304 g/t silver over 45.82 meters, including 642 g/t silver over 4.00 meters; DV20-246: 306 g/t silver over 5.10 meters, including 1,290 g/t silver over 0.60 meter.
Cartier Resources – ECR ($.15) – $.32 (+$.005) – announced the execution of a binding letter of agreement with SOQUEM Inc. for the acquisition by Cartier of all the rights and interests of SOQUEM (i.e. 50%) in a group of 14 mining claims located 50 km southwest of Chapais. These claims are currently held under a 50-50 joint venture. The acquisition is made for a purchase price of $700,000 payable as follows: (a) an amount of $300,000 in cash and (b) an amount of $400,000 represented by the issuance of common shares of Cartier at a price per share equal to the volume weighted average price (VWAP) for a period of five (5) trading days prior to the closing date of the transaction.
FenixOro Gold – FENX ($.245) – $.305 – announced its preliminary analysis of the results from its 4029 meter Phase 1 drilling program at Abriaqui and the plan for Phase 2 drilling. Highlights include: Analysis of the Phase 1 drilling based on longitudinal sections indicates potential for 1.6 to 2.4 million ounces of contained gold on just four of the 100+ veins identified to date on the property. No NI 43-101 compliant resources or reserves exist on the property to date; Significant additional potential is indicated as this target does not include 80% of the drill intercepts reported in earlier press releases and only about half of the known veins on the property have been drill tested. Several significant intercepts including 7.7 meters @ 8.6 g/t gold in hole P006, are not included in this model exercise; Excellent potential exists for additional resources on all veins below the 1500 meter elevation which was chosen as a base for the resource potential estimate based on the deepest intersection to date; A minimum 4000 meter Phase 2 drilling program will begin in Q2 2021. It will consist of infill and step-out drilling on the 1400 x 350 meter northwest trending corridor of at least nine vein structures (NWC).
Fremont Gold – FRE – ($.07) – $.05 (-$.005)- announced that it has amended the terms of the option agreement relating to the Griffon gold project, a past-producing gold mine located at the southern end of the Cortez Trend in White Pine county, Nevada. In December 2019, Fremont entered into an option agreement with Pilot Gold (USA) Inc., a wholly owned subsidiary of Liberty Gold Corp., to acquire 100% of Griffon. Both Pilot and Liberty are arms length to the Company.
Angus Gold – GUS ($.80) – $.79 (-$.03) – announced that it has closed its previously announced non-brokered private placement for total gross proceeds of $3,297,000 to the Company. The Financing was comprised of 700,000 hard dollar shares at a price of $0.71 per Hard Share and of 2,800,000 flow through shares of the Company at a price of $1.00 per FT Share. Each FT Share consists of one common share in the capital of the Company issued on a flow-through basis within the meaning of the Income Tax Act (Canada). The gross proceeds from the Financing will be used to fund exploration on the Company’s projects in Ontario and for working capital purposes. The gross proceeds received by the Company from the sale of FT Shares will be used to incur Canadian Exploration Expenses that are “’flow-through” mining expenditures as such terms are defined in the Tax Act. The securities issued under the Financing have a hold period expiring on July 19, 2021. New Gold Inc. (TSX: NGD) purchased 3,500,000 Common Shares in connection with the Financing, which represents approximately 9.9% of Angus’ issued and outstanding Common Shares.
Gear Energy – GXE ($.51) – $.51 (-$.02) – announced that it has received notice that the holder of $9.3 million of its outstanding 7.0% Convertible Unsecured Subordinated Debentures has elected to convert the Debentures at the conversion price of $0.32 per common share resulting in the issuance of 29.2 million common shares effective immediately. $3.4 million in Debentures remains outstanding.
Highland Copper – HI ($.075) – $.08 (-$.01) – announced that the deadline to complete the acquisition of the White Pine North Project from Copper Range Company, a wholly owned subsidiary of First Quantum Minerals Ltd., was extended to March 31, 2021. The final closing of the acquisition is subject to a number of conditions, including, without limitation, a release of CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site and replacing the related environmental bond. The Company is advancing the various steps required for the closing and aims to complete the acquisition of the White Pine North Project by the end of January, contemporaneously with the exercise by Osisko Gold Royalties Ltd of its silver royalty option (see news releases of September 11, 2020 and November 2, 2020).
Kalamazoo – KZR.AX (Australia) – (A$.79) – A$.415 (-$.015) – announced it is farming out its newly acquired Queens gold project in Victoria to Canadian-listed Novo Resources Corporation (TSX: NVO). The company had added the exploration licence to its Victorian gold holdings last year as part of its move to capitalise on the growing drive to revive the state’s historic and rich goldfields. The Queens ground adjoins Kalamazoo’s Castlemaine project in the central part of the state. The project spans the highly prospective Taradale Fault and immediately surrounds the Malmsbury gold project owned by GBM Resources (ASX:GBZ) — and which project is also subject to a joint venture with Novo. Queens is adjacent and to the east of Kalamazoo’s Wattle Gully South discovery in Victoria’s prolific Bendigo Zone. Novo has exercised its option to acquire 50% of Queens by issuing Kalamazoo $2 million worth of its own shares. Novo can now earn a further 20% by spending $5 million over five years, and then move to an 80% stake by delivering a preliminary economic assessment.
Minera Alamos – MAI ($.66) – $.65 (+$.01)- announced that it has filed on SEDAR the results of the independent Technical Report and estimate of the Mineral Resources for the Cerro de Oro Project in Zacatecas, Mexico. The results of the resource estimate were previously discussed in the Company’s news release dated November 17th, 2020 and the report is effective as of November 16th, 2020
Metals X – MLX.AX (Australia) (AUS$.076) – $AUS .205 (-$.005) – announced that it has agreed to a further extension of time for payment of the A$10 million Conditional Copper Price Payment (Copper Payment) pursuant to the Mt Gordon Sale Agreement (SPA) for the now-named Capricorn Copper Mine, entering into a further binding agreement with Capricorn Copper Holdings Pty Ltd (CCH) and its parent entity, EMR Capital Investment (No. 6B) Pte Ltd (ECI). Consistent with the terms announced on 24 December 2020, the parties previously agreed to formal, fully termed transaction documents with respect to the payment of the Copper Payment on 28 February 2021 (Formal Documents).
The Formal Documents included the assignment of the rights and benefit of the Copper Payment from its former
subsidiary, Paterson Copper Pty Ltd, to Metals X. *Spot price of tin AUS $35,900/t -AUS $1,758/t
Mydecine Innovations – MYCO ($.44) – $.39 (-$.005) – an emerging biopharma and life sciences company committed to the research, development, and acceptance of alternative nature-sourced medicine for mainstream use, announced that effective as of market open today, March 23, 2021, its common shares and warrants have been approved for migration to the NEO Exchange and will commence trading under ticker symbols “MYCO” and “MYCO.WT,” respectively. Mydecine is quickly solidifying its position within the emerging psychedelic-assisted therapeutic industry as we build a robust R&D pipeline focused on the usage of psychedelic medicines to treat mental health disorders and deliver on multiple industry firsts. While we diligently work on our drug development, we also remain committed to providing greater visibility within the investment community. The NEO Exchange enables us to reach a broader institutional and retail investor audience and in turn enhance shareholder value,” said Josh Bartch, CEO and Co-Founder of Mydecine.
Northisle Copper and Gold – NCX ($.12) – $.265 (+$.005) – provided an update on its 2021 exploration program for the 100% owned North Island Project. The exploration program includes a total of approximately 10,000m of drilling in 20 holes across four key targets, as well as geochemical and geological surveys in several high priority areas along the 50km extent of the North Island Project. Sam Lee, CEO of Northisle commented, “We are now fully funded for our 2021 field program and are excited that drilling and surface exploration has now commenced at the North Island Project. With drilling targeted at Pemberton Hills, Red Dog, NW Expo and Hushamu, as well as additional surface work planned across the extent of our 50km of prospective exploration property, we have a range of opportunities to create shareholder value on the ground at any of these targeted areas.”
NeonMind Biosciences – NEON – ($.235) – $.235 (-$.015) – announced the appointment of Fredrik Nihlén as Chief Financial Officer, to become effective on or about August 2, 2021, following a notice period to Mr. Nihlén’s current employer. Mr. Nihlén joins Neonode from IFS Sverige AB (“IFS”) where he held the position of Finance Director IFS Nordics since 2019. Prior to joining IFS, Mr. Nihlén held the position of Group Chief Financial Officer at Cinnober Financial Technology AB from 2018 to 2019. Before this Mr. Nihlén was with DIBS Payment Services, where he held the position of Head of Finance from 2016 to 2018 and Business Controller from 2013 to 2016. Mr. Nihlén has a M.Sc. in Business Studies and Economics from Växjö University, Sweden.
Precipitate Gold – PRG ($.125) – $.18 (+$.02) – announced it has completed two initial drill holes of its planned 10-hole diamond drill campaign at the Copey Hill Gold Zone, part of the Company’s 100% owned Ponton Project in the Dominican Republic. Following completion of the first two holes, a small faction of the local community requested additional information regarding the drill program and the Company’s ongoing exploration plans therefore the Company has elected to pause the program to allow for additional dialogue and transparency with local stakeholders.
Quebec Precious Metals – QPM ($.25) – $.23 (+$.015) – announced that drilling is underway at its flagship Sakami project in Quebec’s Eeyou Istchee James Bay territory. Based on the drill 2020 results, the 2021 program (14,000 m, 40+ holes) has been designed to expand the La Pointe deposit and the La Pointe Extension discovery along strike (see press release of January 27, 2021). Normand Champigny, CEO of QPM, stated: “We look forward to a successful drilling program and new discoveries at La Pointe and La Pointe Extension.” The Company is also pleased to announce that it has retained the services of Hinge Markets Inc. of Toronto, Canada to provide investor relations and capital markets advisory services to the Company. Hinge Markets, led by Mr. Jeffrey White, will initiate and maintain contact with the financial community including shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities.
Queen’s Road Capital – QRC ($.70)– $.73 (+$.03) – announced the appointment of Ms. Vicki Cook as Chief Financial Officer of the Company, effective May 1, 2021. Based in Hong Kong, Ms. Cook has worked in various roles for Hutchison Whampoa Limited (“HWL”) over an 18-year period. HWL is a multinational conglomerate, part of the Cheung Kong Group of Companies founded by Mr. Li Ka-shing. Ms. Cook has also been a consultant to Cathay Pacific Airways Limited (“CPA”) for the past 7 years. Ms. Cook holds a Master’s degree from Oxford University. She is a Chartered Accountant with the Institute of Chartered Accountants in England and Wales and a member of the Hong Kong Institute of Certified Public Accountants.
Rockcliff – RCLF ($.07) – $.065 (-$.005) – announce that an affiliate of Kinross Gold Corporation has earned a 70% interest in the Laguna/Lucky Jack/Puella Bay properties in Snow Lake, Manitoba. Rockcliff retains a 30% participating interest in Laguna. Pursuant to the July 2018 option agreement, Kinross has earned a 70% interest in Laguna by completing expenditures in excess of the required C$5,500,000 ahead of the third year anniversary of the six year option agreement. “Having Kinross earn in so early on their option to the level of forming a Joint Venture on the Laguna Property confirms our belief of the high gold prospectivity of this land package. We look forward to seeing more encouraging results from this year’s program currently underway.” said Alistair Ross, President and CEO of Rockcliff. Laguna is located in the Flin Flon-Snow Lake Greenstone Belt which is host to volcanogenic massive sulphide (copper-zinc) and primary gold mines and deposits. Laguna hosts the historic Rex-Laguna gold mine, Manitoba’s first and highest-grade former gold mine. Discovered in 1914, periodic gold mining up to 1940 produced over 60,000 ounces of gold with an average grade of 16.7 g/t.
RJK Explorations – RJX.A ($.19) – $.23 (-$.015) – announced that the Company has accelerated its earn-in options on the Bishop and Camilleri agreements and now owns a 100% interest, subject to GORR and NSR Royalties, in the Historic Cobalt Mining Camp. These two property options contain the Nicol, Lightning, Paradis, Robin’s Place, Gleason, HSM and Gravel Pit kimberlite bodies. Together with RJK’s staked mineral claims the property now consists of 6,100 hectares. RJK has a total of 13,750 hectares in the Temiskaming region under existing option agreements and staked claims.
Royal Road Minerals – RYR ($.39) – $.39 (+$.03) – announced further interim drilling results and that it has recommenced drilling at its Caribe gold discovery in northeastern Nicaragua. The Caribe project forms a part of the Company’s Strategic-Alliance agreement and is located in the highly prospective “Golden Triangle” of northeastern Nicaragua. Royal Road Minerals is operator of the Strategic Alliance. Royal Road’s exploration team discovered the Caribe project during reconnaissance exploration in February of 2018. Outcrop at Caribe is concealed under soil and laterite cover and there is no previous record of mining or mineralization in the area. In 2019, Royal Road and Hemco completed an initial 4-hole, exploratory drilling program at Caribe which returned promising results for gold. A follow-up diamond drilling program commenced at the project during August of last year and has returned encouraging initial results including; CB-DDH-016, 100.45 meters at 1.0 grams per tonne and CB-DDH-016, 63 meters at 1.0 grams per tonne gold. Results for a further 4 exploratory drill holes have now been returned.
Silver Sands – SAND ($.28) – $.185 – announced the remaining results from the Phase I Drilling Program completed in December 2020. The drilling program exceeded management’s expectations as it has extended known mineralization along strike at Julia South, Martina SE and Ely Central; added new zones of mineralization along known vein structures and identified new zones of mineralization within previously untested veins. The results from Phase I drilling support management’s belief that the global silver resource of the Virginia vein field can be increased significantly.
Superior Gold – SGI ($.62) – announced additional positive drill results from its ongoing underground diamond drill program which commenced in December 2020 at its 100%-owned Plutonic Gold mine in Western Australia. Plutonic is a world-class Archean lode-style gold mineralized system that has produced close to six million ounces of gold to date and encompasses a Measured and Indicated Mineral Resource of 1.89 million ounces together with an Inferred Mineral Resource of 3.07 million ounces. A continuous exploration effort underpins a commitment to resource growth. Results are provided for 37 underground exploration drill holes for a total of 3,562 metres of drilling.
TAG Oil – TAO ($.05) – $.28 (-$.01) – reported the filing of its third quarter results for the interim period ending December 31, 2020. Highlights over the period include: At December 31, 2020, the Company had C$16.3 million (September 30, 2020: C$15.1 million) in cash and cash equivalents and C$18.8 million (September 30, 2020: C$17.6 million) in working capital. The Company also has no debt; Capital expenditures totaled C$78,000 for the quarter ended December 31, 2020, compared to C$50,000 for the quarter ended September 30, 2020. Most of the capital expenditures relates to the sale of TAG Oil’s Australian subsidiary in early Q3 2021; On October 30, 2020, the Company completed a share and asset purchase agreement to divest its Australian assets and operations located in the Surat Basin of Queensland, Australia for a cash payment of A$2,500,000 (CAD$2,308,240) at closing and a 3.0% gross overriding royalty on future production from all liquids produced from the permits (PL 17, ATP 2037, and ATP 2038).
Tombill Mines – TBLL ($.30) – $.24 (+$.02) – announced that it has begun an extensive integrated exploration program at its 100% controlled, royalty-free flagship and patented Tombill Main Group property within the Geraldton Gold Camp. The first Phase One diamond drill hole, TB-21-001, has been completed to a down hole depth of 1,219 m. Drill core is presently being logged and sampled. A wedge “daughter hole,” TB-21-001A, was started at a downhole depth of 500 m and is responding well with directional wedging. Such wedge drilling has been utilized successfully at the Hardrock deposit immediately east of Tombill Main Group. A second drill has been added to the deep-drilling campaign as per plans to accelerate the Phase One drilling. Drilling has begun on hole TB-21-002 which is currently at a down hole depth of 750 m and is on track to intersect target. An Unmanned Aerial Vehicle-Magnetometer Survey (“UAV-MAG Survey”) has been completed on the Tombill Main Group. Tombill’s geological personnel have identified cross-cutting features associated with refolded lithologies and structures. These new targets are being added to the near-surface exploration campaign. Eight surface targets were defined, including the past producing Talmora Mine, This campaign is the first conducted at historic near-surface targets utilizing modern exploration techniques.
American Pacific Mining – USGD ($.155) – $.145 (+$.015) – announced that, after the unfortunate passing of Bob Baxter, CEO of Soldera Mining Corp., the parties have terminated the earn-in option for the Company’s Tuscarora Gold Project as Soldera has decided to move in another direction with its business activities. To date, Soldera has spent the following on the Tuscarora Gold Project: USD$4,000 royalty payment to Nevada Select Royalty; USD$16,196 for claim fees; CDN$150,000 to Novo Resources Corp.; CDN$50,000 for the option payment; CDN$100,000 for the share buy-back. On February 3, 2021, the Company announced that following the final CND$150,000 payment to Novo Resources it has acquired 100% ownership of its Tuscarora Gold Project.
VR Resources – VRR ($.35) – $.335 (-$.035) – provided a brief update on the maiden RC drill program at its Reveille silver-copper property in Nevada. It was decided to complete the fifth hole of the program, G1, designed to test a low-density gravity anomaly for a de-calcified, gold-bearing jasperoid breccia body in a few week’s time using a smaller, track-mounted rig that is better suited for the road and drill pad at G1 that are now “ready to go”. VR is exploring the covered valley on the western flank of the range because it has never been previously explored or drilled as the potential source and overall driver of the high-grade silver-copper mineralization at Reveille during the past 140 years of prospecting which has focused on the high-grade showings exposed in the hills of the Reveille range to the east. VR is focused squarely on targets for proximal, high temperature mineralization that are core to the overall CRD mineral system at Reveille based on an array of new geochemical data and element ratio vectors.
Group Eleven – ZNG ($.05) – $.135 (+$.01) – announced results from exploration drilling at the Gortdrum copper-silver prospect at its 100%-owned PG West project, Republic of Ireland. Highlights: Two holes (totalling 380.85 metres) were drilled 1.0 km and 2.2 km, respectively, from the old Gortdrum copper mine, along the main mineralizing structure – the “Gortdrum Fault Zone”; G11-4498-01 intersected 14.4 metres of 0.221% Cu and 2.1 g/t Ag (0.240% CuEq), including 0.80 metres of 0.620% Cu and 4.4 g/t Ag (0.660% CuEq) and including 0.90 metres of 0.387% Cu and 3.1 Ag (0.416% CuEq) at shallow depths (46.2 metres downhole; true width estimated at 60%); G11-350-01 intersected a broad zone of highly anomalous copper (31.7 metres of 0.080% Cu and 1.6 g/t Ag), including 1.6 meters of 0.532% Cu and 22.3 g/t Ag (0.736% CuEq) and 2.9 metres of 0.151% Cu and 0.5 g/t Ag (0.156% CuEq) starting at shallow depths (32.35 metres downhole; true width estimated at 60%); Results represent the first drilling at Gortdrum since 1975 and provide evidence for, not one – but a series, of parallel faults across several hundred metres and a strike of three kilometres
OIL & GAS STOCKS
All have RECOVERED recently, ARE SOME going still higher?
Stock – Current Stock Price – Dividend Yld
Gas – BIRCHCLIFF ENERGY – BIR – $2.80 – .7% DIV
Free Cash Flow – CRESCENT POINT – CPG – $5.46 – .2% DIV
Rebuilding – KELT EXPLORATIONS – KEL – $2.78
Oil – MEG ENERGY – MEG – $6.64
Gas – NUVISTA ENERGY – NVA – $2.49
Take Out Candidate? – TAMARACK VALLEY – TVE – $2.40
Go To Oil Stock – WHITECAP RESOURCES – WCP – $5.75 – 3.15% Div