NOTE: Not a recommendation to buy or sell stocks
The TFSA Letter Stock List is simply a list of stocks for TRADING IN 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 the TFSA Letter Listed Stocks will be updated weekly
Daily updates or news will be made on Twitter – @LetterTfsa
Stocks (Stock Price When Listed) Current Stock Price Update
Aftermath Silver – AAG ($.285) – $.36 – announced that it has reached an agreement dated May 25, 2020 to acquire from SSR Mining Inc. its 20% interest in the Cachinal silver-gold project for a total consideration of C$700,000. On completion of the transaction, Aftermath Silver will own 99.9% of the shares of Minera Cachinal SA, which owns Cachinal. One share will remain held by a Chilean national as per Chilean business law requirements
Adamera Minerals – ADZ ($.04) – $.105 – announced an induced polarization (IP) orientation survey is underway on the Cooke Mountain gold project in Washington State. The survey is part of the Adamera Minerals / Hochschild Mining (LON:HOC) targeting program to precede drilling. This particular survey is designed to penetrate deeper to evaluate the depth extent of existing drill intercepts and IP anomalies defined by Adamera in 2018 and identify new targets below detection depth of the previous IP survey.
1911 Gold – AUMB ($.26) – $.55 – announced a bought deal private placement of 8,200,000 common shares of the Company that will qualify as “flow-through shares” for aggregate gross proceeds of $5,208,000. The Flow-Through Shares will be issued in two tranches. Tranche one will consist of 4,275,000 Flow-Through Shares at a price of $0.75 per Premium FT Share to purchasers resident in Manitoba for aggregate gross proceeds of $3,206,250. Tranche two will consist of 3,925,000 Flow-Through Shares at a price of $0.51 per National FT Share for aggregate gross proceeds of $2,001,750.
Macdonald Mines – BMK ($.11) – $.10 – announced that, due to continued investor demand, it is increasing the size of its non-brokered private placement offering to $4,000,000 consisting of: (i) “charity flow-through” Units at a price of $0.135 each and (ii) “flow-through” Units at a price of $0.10 each.
Quebec Precious Metals – CJC ($.25) – $.32 – announced the start of the next phase of exploration on its 100%-owned Elmer East project located in the Eeyou Istchee, James Bay territory of Quebec. This next phase of work follows the magnetic heliborne survey carried out earlier this year (see press releases of January 28 and 30, 2020) and the evaluation of all available data at the regional scale with the participation de GoldSpot Discoveries Corp. (TSX.V : SPOT). This surface work will consist of follow-up prospecting, geological mapping and rock sampling.
Condor Resources – CN ($.165) – $.37 – announced that its Lima office will reopen immediately with government approved health and safety protocols. In the interest of the health and safety of Condor’s personnel, office attendance is expected to be staggered and alternated for the time being, complimented by continued work from home. The State of National Emergency in Peru was extended in certain cities within seven regions of the country until July 31, 2020. Although Condor has projects within these seven regions, the projects fall outside of restricted cities and towns. The Company is currently developing protocols and guidelines for staff to operate on its exploration tenure while adhering to national and local legal restrictions and guidelines.
Canada Nickel Company – CNC ($.51) – $.96 – announced seven separate nickel-bearing target structures with more than 30 kilometres of total strike length ranging from 150 to 600 metres wide have been identified; historic drilling yielded nickel-bearing intersections on all of the target structures; PGM-enriched structures similar to Crawford also identified at Kingsmill
Dore Copper – DCMC ($.85) – $.80 – announced that it has resumed drilling at its Cedar Bay property. The two drill holes that were in progress when drilling stopped on March 24th, have resumed without incident and no changes to the Cedar Bay drill program announced on January 6th, 2020 are anticipated. The program will test the 10-20 zone at the shaft level. The 10-20 zone consists of three parallel veins where previous drilling returned numerous high-grade gold and copper intercepts including 2.4 m grading 19.5 g/t Au and 1.67% Cu in hole CDR-18-02, and 2.4 m grading 15.4 g/t Au and 4.54% Cu in hole CDR-18-03. The drill program will also test the main Cedar Bay vein at depth.
Dios Exploration – DOS ($.095) – $.19 – reported raising $643,695 in hard cash following exercise of expiring warrants and options, that is $ 555,695 from warrants and $ 88,000 from options; completed a ground geophysical survey (IP) to better define drill targets on wholly-owned K2 property and further news shall be released when data is received and processed. K2 is adjacent in strike southwest of Azimut Exploration inc.’s Elmer property, James Bay region, Quebec. Work completed by Dios on K2 has delineated to date 3 km long WI Target conductor and ATTILA gold-copper-silver prospect, which bears similarities with Azimut Exploration’s Patwon gold discovery. K2 property is underlain by same prospective stratigraphy as Azimut’s Elmer property, just north of large northeast-southwest Opinaca Fault regional structure.
Dolly Varden – DV ($.275) – $.63 – announced the company’s plans for it’s 2020 exploration season which includes a planned 10,000m diamond drill program; Continue drilling to expand the current 43-101 resource from its current 32.9 million ounces of silver (3,417,000 tonnes grading 300 g/t Ag) in the Indicated category and a further 11.4 million ounces (1,285,300 tonnes grading 277 g/t Ag) in the Inferred category.; focus drilling on high-grade silver targets outside of the mineral resource area that will unlock the upside potential that the Dolly Varden Silver project has to offer.
Cartier Resources – ECR ($.15) – $.255 – announced values of 32.0 g/t Au over 2.0 m included within 16.5 g/t Au over 4.5 m, also included within 7.1 g/t Au over 12.1 m, intersected at a distance of 500 m below the new Zones 5B4-5M4-5NE of the Chimo Mine Property, located 45 km east of Val-d’Or. “These new results indicate that the gold mineralisation is open in all directions below Zones 5B4-5M4-5NE which have been drilled to date from surface to a depth of 1,300 m” commented Philippe Cloutier, President and CEO, adding “growing the dimensions of the cluster of Zones 5B4-5M4-5NE is an important addition to the development potential of the project.”
Eloro Resources – ELO ($.37) – $1.06 – announced that its Bolivia subsidiary Minera Tupiza SRL has contracted Empresa Minera Villegas SRL to start underground drill bay preparations required for the 3,500m underground diamond drilling program planned on its Iska Iska Silver-Polymetallic Project in the Potosi Department, southern Bolivia
European Cobalt – EUC (Australia) – (A$.042) – A$.037 – announced that it has signed an exclusive option agreement to acquire 100% of the Edleston Gold Project located in Ontario, Canada. Managing Director, Mr Rob Jewson commented “The Edleston Gold Project is an advanced exploration opportunity with particularly exciting exploration upside potential. The work done to date has outlined a significant mineralised system which can be effectively targeted using IP geophysics. To date only 540m of strike has been tested along a corridor with multiple moderate to strong IP conductors delineated along a total strike exceeding 3,300m. The extent of these anomalies at present are constrained by the extent of the IP surveys.” In excess of CDN$10M has been spent to date on primarily geophysical and drilling activities across the Edleston Project by 55 North Mining Inc (formerly SGX Resources Inc). Due to the lack of outcrop at surface, exploration has largely been driven by a combination of detailed magnetics to define the structural and lithological framework.
FenixOro Gold – FENX ($.245) – $.49 – provided an update on the Phase 1 exploration program at its Abriaqui project in Antioquia, Colombia. The Company has completed the preliminary portion of the Phase 1 program. Soil sampling and ground magnetics have been completed and samples and data have been delivered for analysis; the Company is awaiting a final permit to begin the drilling portion of Phase 1. After submission in November the Company expected the permit to be issued in the March time frame. Permit issuance has been impacted by the government shutdown during the COVID crisis, however government offices have restarted operations and the Company is optimistic that the permit should be received shortly.
Geomega Resources – GMA ($.16) – $.175 – announced that Geomega’s patent application US15/578,498 titled, “A system and a method for metallurgical extraction of rare earth elements and niobium,” has been approved for granting by the United States Patent and Trademark Office. “The grant of this patent acknowledges that our unique process has been recognized and protected.” said Kiril Mugerman, President & CEO of Geomega. “The Montviel metallurgy research executed in 2014 and 2015 (See news releases from April 29, 2015 and May 20, 2015) led to these patents, and set the framework for how Geomega operates today committed to lowering the environmental footprint of processes to extract and separate REE, reagent regeneration and minimizing the amount of effluents and solid waste that are generated.
Golden Goliath – GNG ($.06) – $.235 -announced that recently completed till sampling program on its Kwai property in the Red Lake Mining District sucessfully located pristine gold grains in multiple locations. In 40 attempts to dig till or soil samples along the 10 km length of the Kwai property covering multiple faults associated with the Pakwash Fault, 24 till basal samples were recovered and sent to Overburden Drilling Management in Nepean (Ottawa), Ontario. All 24 samples of till yielded gold grains and 17 till samples contained Pristine gold grains which are indicators of near-by gold mineralization. Soil sampling assays have also been received which found scattered indicator pathfinder elements in the fine soil fraction of As, Sb, Cu, Bi, Pb, Mo, V, and W, (Arsenic, antimony, copper, Bismuth, lead, molybdenum, vanadium, and Tungsten).
Angus Ventures – GUS ($.32) – $.69 – announced that it has entered into an asset purchase agreement pursuant to which the Company will acquire 17 claims in the Mishibishu Greenstone Belt, Ontario. Under the terms of the Agreement, the vendor of the Claims will receive a cash payment of $50,000 and will be issued 225,000 common shares of Angus in exchange for 100% ownership in the Claims. The Vendor will maintain a 2% net smelter return royalty on production from the Claims, 50% of which can be purchased by the Company for $500,000.
Kalamazoo – KZR (Australia) – (A$.79) – has acquired the 217 km sq Ashburton Gold Project, located on the southern edge of the Pilbara Craton, WA from Northern Star Resources; the Ashburton Gold Project has produced 350,000 oz Au and currently contains a Mineral Resource estimate (JORC Code (2012)) of 20.8Mt @2.5g/t Au for 1.65 Million oz AU; the project has significant regional greenfields and brownfields exploration potential, a large drilling, geological, geochemical, and geophysical database, and numerous walk-up drilling targets
Metals X – MLX (Australia) – (A$.076) – A$.084 – announced it has met guidance with production of 7,182 tonnes of tin-in-concentrate for financial year 2019/20 from the Renison Tin Operation (Renison) in Tasmania (guidance was 7,100 – 7,300 tonnes of tin). Renison is 50%-owned by Metals X through the Bluestone Mines Tasmania Joint Venture.
• Production of 7,182 tonnes of tin-in-concentrate (prior year 7,124 tonnes)
• Ore mined 848,906 tonnes at 1.18% Sn (prior year 797,979 tonnes at 1.21% Sn)
• Overall recovery 71.7% Sn (prior year 70.9% Sn3)
*Approximate cash price of tin currently AUS$25.0284/t
Verde AgriTech – NPK ($.455) – $.58 – announced that Cristiano Veloso acquired 750,000 shares of Verde AgriTech Plc on the exercise of stock options, on July 10, 2020. Prior to the Issuance, the Acquirer held 7,846,339 shares representing approximately 16.49% of the issued and outstanding shares. Following the Issuance, the Acquirer holds 8,596,339 shares representing approximately 17.75% of the issued and outstanding shares. The Acquirer received the Issuance shares at $0.425 per share for total consideration of $318,750.
Precipitate Gold – PRG ($.125) – $.23 – announced that it has completed its previously announced soil sampling program and commenced a ground magnetics geophysical survey covering the Copey Hill Zone within the Company’s 100% owned Ponton Project located approximately 25 km due east of Barrick’s Pueblo Viejo mining operation and the Company’s Pueblo Grande project in the Dominican Republic. Field crews have commenced a program of ground magnetic surveying over the multi-element geochemical anomaly identified at the Copey Hill zone. The magnetic survey will consist of a minimum 40 line km of ground magnetic surveying comprised of an estimated 20 north-south oriented parallel lines extending up to 2.0 km in length, at both 50 and 100 metre line spacing. No prior geophysical survey has been conducted over this prospective emerging geochemical zone.
Rockcliff – RCLF ($.07) – $.07 – announced that a 1,400 metre, 4-6 hole drill program will begin in approximately two weeks on its recently discovered high-grade TGR Nickel-PGE (Platinum Group Elements) Prospect located on its 100% owned Tower Property. Additional PGE assay results for TGR were recently received and returned significant rhodium (Rh) as well as ruthenium (Ru), iridium (Ir) and osmium (Os) results. As a result, the NiEq grade across a down hole interval of 2.40 metes increased from 3.82% to 4.93% including 1.25 metres with a NiEq grade increase from 6.79% to 8.84%.
RJK Explorations – RJX.A ($.19) – $.18 – announced that it has closed the non-brokered private placement offering of units and flow-through units. Pursuant to this closing, the Company raised a total of $600,000 for the issuance of 3,600,000 Units of the Company at a price of $0.15 per Unit and 300,000 FT Shares at a price of $0.20 per FT Share.
Scottie Resources – SCOT ($.185) – $.41 – announced that drilling on the Scottie Gold Mine and other nearby targets has commenced. The Company plans to complete 5,000 metres of diamond drilling on high probability targets which include the Blueberry Vein, Scottie Gold Mine and the Domino Zone. The first drill holes collared in 2020 will test a recently discovered extension of the Blueberry Vein, where in the fall of 2019 drilling intersected 7.44 g/t gold over 34.78 metres. This near surface intercept is open at depth and along strike.
Superior Gold – SGI ($.61) – $1.07 – announced results from the ongoing underground diamond drill program focused on reserve and resource expansion at its 100%-owned Plutonic Gold mine in Western Australia. The drilling targeted potential extensions to the gold mineralization in the area between the Baltic and Baltic Deeps Zones; continues to demonstrate potential continuity of mineralization between Baltic and Baltic Deeps Zones; drill hole UDD22310 intersected 40.4 g Au/t over 6.50 metres including 232.0 g Au/t over 0.90 metres; drill hole UDD22309 intersected 12.4 g Au/t over 4.10 metres; mineralization remains open both up and down dip and along strike. The drilling was focused on the area vertically between the Baltic and Baltic Deeps mineralized zones which has not previously been tested.
Spruce Ridge – SHL ($.06) – .06 – is planning to immediately commence a 3,000 metre program of infill diamond drilling on the Great Burnt Copper Deposit in central Newfoundland. The program is intended to firm up the Indicated and Inferred Mineral Resource estimate on the deposit. Previous infill drilling campaigns on the Great Burnt Copper Deposit in 2016 and 2018 resulted in an increase in the Inferred Mineral Resource from 382,000 tonnes of 2.68% Cu to 550,000 tonnes of 2.66% Cu (a 41 percent increase in contained copper from 23.0 to 32.3 million pounds). The Inferred Mineral Resource decreased by 11 percent from 34.2 to 30.4 million pounds of contained copper with a modest increase in grade (from 663,000 tonnes of 2.31% Cu to 572,000 tonnes of 2.41% Cu).
Sun Metals – SUNM ($.225) – $.20 – announced that drilling has commenced at Stardust, the Company’s 100% owned, high-grade copper-gold project located in North Central B.C. Three diamond drill rigs are currently onsite and actively drilling. The fully funded 2020 $3.8 million exploration program is focused on expanding the high-grade 421 zone at Stardust, and exploring for similar thick high-grade, massive sulphide zones that this system is known for. The drill program is anticipated to run until early October and consist of 12 – 16 holes. The program design will remain flexible to allow the exploration team to follow up on successful results. Initial drilling is focused on expanding the 421 zone, including two rigs on the highly prospective and shallower southern up-plunge extension of the zone near hole 453 and on completing hole 455 which was not finished during the 2019 campaign and is targeting the northern down plunge extents of the zone.
**TAG Oil – TAO ($.05) – $.105 – announced that the release of its annual financial statements for the fiscal year ending March 31, 2020 (the “Annual Financial Statements”) and associated management discussion and analysis (the “MD&A”) will be delayed. The Company will be relying on the 45-day filing and delivery extension for periodic filings required to be made on or before August 31, 2020 as provided by BC Instrument 51-517 – Temporary Exemption from Certain Corporate Finance Requirements with Deadlines during the Period from June 2 to August 31, 2020 (“BCI 51-517”)
American Pacific Mining – USGD ($.155) – $.42 – announced that, further to its news release of April 14, 2020, it has completed the transaction with Madison Metals Inc. and acquired all of the issued and outstanding shares of Broadway Gold Corp. from Madison Metals; the Madison Project is currently under an earn-in, joint venture agreement, whereby Kennecott Exploration Company, part of the Rio Tinto Group may spend $30 million USD to earn up to 70% of the Madison Project.
VR Resources – VRR ($.35) – $.39 – announced that it has successfully closed the recently announced Acquisition Agreement for the Reveille silver property in Nevada and plans to commence exploration on the ground immediately. VR has been evaluating the Reveille property in the field for nearly two years. It covers an historic primary silver camp that dates back to the 1870’s, but lacks any modern exploration or drilling. The following photos and maps are from various field visits, and the integration of private exploration data into our regional database developed during the past 5 years for our epithermal gold exploration in the Big Ten caldera nearby to the northwest
Zephyr Minerals – ZFR ($.24) – $.44 – postponed drilling on the El Plomo section of its Dawson – Green Mountain project in Colorado pending anticipated approval of a Notice of Intent (NOI) application by the Colorado Mined Land Reclamation Board (MLRB) in late July. The Colorado Division of Reclamation, Mining and Safety (DRMS) confirmed acceptance of Zephyr’s NOI application which outlines the planned exploration program, operating procedures and reclamation of surface disturbances along with the required financial bond determined by DRMS. An appeal to the acceptance of the NOI was filed by an independent group at 5:47 Eastern time, June 12, 2020. Zephyr received a letter after the close of business on June 16, 2020 from DRMS stating the Appeal will be heard by the MLRB on July 22 or 23, 2020.
Group Eleven – ZNG ($.05) – $.075 – announced that it has intersected 10.3 metres of 14.6% zinc, 5.0% lead (19.6% combined) and 43 g/t silver at its drilling on its 100%-owned PG West Project in the Republic of Ireland. Mineralization is shallow, open along strike and represents not only the best mineralization ever encountered at the Carrickittle prospect, but also the best mineralization Group Eleven has drilled since inception of the Company in early 2015.
OIL & GAS STOCKS
Severely depressed, question now is, who will survive? and when will the survivors COME BACK?
Stock – (Price When Listed) – Current Stock Price – Dividend Yld
Birchcliff Energy – BIR – ($2.32) – $1.14 1.75% DIV
CREW ENERGY – CR ($.31) – $.295
NuVista Energy – NVA ($2.31) – $.76
Surge Energy – SGY ($1.14) – $.325
Torq Oil & Gas – TOG ($4.49) – $1.70
Whitecap Resources – WCP ($5.55) – $2.24 7.6% Div
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