#47 Weekly Update on TFSA Stock Picks for 2019 – Dec. 23
NOTE: Not recommending that you buy or sell any of these stocks yourself, just picking what I think I can make some money on. I will not be announcing when I sell any of these. I will drop and add stocks as I go, depending on news flow and anticipated stock price changes.
**** I show the stock price when I picked it…. the stock may have gone up (as many have) and then may have come right back down again. In several cases, I may have sold and then bought back in ****
Stock (Stock Price When Picked) – Current Stock Price – Update
Aftermath Silver – AAG ($.13) – $.37 – intends to use the proceeds from the recent private placement of $3.3 million for the Challacollo and Cachinal Silver-Gold projects in Chile and for general working capital. Challacollo is a low-sulphidation epithermal deposit which hosts an historic Mineral Resource of 30 million silver ounces Indicated (4.7 million tonnes at 200 g/t silver) and a 6.9 million silver ounces Inferred (1.6 million tonnes of 134 g/t), with associated gold credits
Canada Nickel Company – Not Currently Listed – Assay results from the first nine diamond drill holes (5,267m) were released as a pure nickel Company, Canada Nickel Company, is being created as a spin out from Noble Mineral Exploration (NOB) with its Crawford Township assets and will also include the interests of Spruce Ridge (SHL) in those assets. Canada Nickel is currently completing a $5 million financing and is filing documentation for a listing on the Canadian Stock Exchange (CSE)
Excelsior Mining – MIN ($.92) – $.95 – confirms that approval to commence mining operations through the injection of acid has been received from the Environmental Protection Agency. Delivery of mining fluids to the copper orebody is scheduled to begin before year-end at the Gunnison Copper Project in southern Arizona. First copper cathode sales are expected in Q1, 2020
Geomega Resources – GMA ($.155) – $.14 – Company is moving towards construction of the demonstration plant and becoming the first rare earths recycling plant in North America and Europe, vision is to use ISR technology to one day process mining rare earths concentrates from the Company’s Montviel deposit and ultimately other mines wherever they may be located
GTEC Holdings – GTEC ($.225) – $.21 – launched ultra-premium products providing access to 135 retail stores, fulfilling purchase orders from British Columbia Liquor Distribution Branch and Saskatchewan distributor, initial product launch in the Province of B.C. sold-out on its first day, with a subsequent purchase order currently being fulfilled, increased product quality has resulted in a significant increase in GTEC’s selling price
iMetal Resources – IMR ($.08) – $.07 – announced completion of an initial 752 meter NQ diamond drill hole on Grid Zone 3 on the Company’s Gowganda West property, the drill hole encountered strong and extensive alteration to the original target depth of 500 m and as a result the hole was extended to the full rig capacity of 752 m to the end of the hole
Lithoquest Diamonds – LDI ($.095) – $.055 – reports the agreement, announced on October 29, 2019, to acquire 3,500 sq-km of Exploration Licences in the North Kimberley region of Western Australia has terminated
Macdonald Mines – BMK ($.055) – $.08 – received results from its channel sampling program on the Villeneuve Structure located on the Company’s SPJ Property, 40 kilometres east of Sudbury, Ontario. All channel samples returned gold (up to 147.8 g/t), as well as variable cobalt, copper and nickel
1911 Gold – AUMB ($.33) – $.235 – announced that it has begun first phase exploration drilling at its 100% owned Rice Lake gold properties. This district-scale land package is located in the Archean Rice Lake greenstone belt of southeastern Manitoba, within the prolific West Uchi geological domain, which also hosts the Red Lake gold camp in adjacent Ontario. The Phase 1 program will entail up to 10,000 metres of drilling to test multiple targets in the Bidou, Tinney, Horseshoe and Poundmaker project areas.
New Carolin – LAD ($.135) – $.075 – announced that it has completed the first two deep holes of its 2019 underground drilling program on its 100% owned Ladner Gold Project, together with an initial surface mapping and sampling program to generate near surface drill targets
Northern Shield – NRN ($.075) – $.075 – has discovered two new vein systems in Cape Breton, Nova Scotia, that are being explored for low-sulphidation epithermal gold and silver, Company has become a leading explorer of low-sulphidation epithermal gold-silver systems in Atlantic Canada, now holds a portfolio of six such projects including three in Nova Scotia, one in Newfoundland (that hosts multiple systems), and two in the Gaspe Peninsula of Quebec that appear to be of epithermal affinity
RJK Explorations – RJX.A ($.045) – $.19 – added Mr. Gino Chitaroni to its advisory board. Gino is a lifelong resident of the Cobalt-Coleman area and his mining roots in the community are deep as his father and brothers were former silver mine owners and operators in the 1960-70s. Gino is a graduate of the Haileybury School of Mines, went on to obtain a Degree in Geology with a minor in Business at Lake Superior State University. Gino is currently the President of the Northern Prospectors Association along with being a board member of the Ontario Prospectors Association. The Company amended the conversion period of the Preferred C Royalty shares to A shares from 4 years to 25% biannually starting June of 2020. The initial closing date will be December 6, 2019. All other terms remain the same
Rockcliff – RCLF ($.105) – $.065 – announced that is has completed all work required for the Company to earn a 51% ownership interest in the Talbot Property pursuant to the Company’s option agreement with Hudbay Minerals Inc., also announced additional high-grade assay results from the Talbot Property of 4.04% Copper Equivalent across 11.13 metres including 10.5% CuEq across 3.46 metres.
Scottie Resources – SCOT ($.165) – $.145 – provided assay results from three new showings (The Mayor, Tope Rope, Tombstone) discovered on the Summit Lake Property during the 2019 field season. The Summit Lake Property is situated between Pretium’s Brucejack mine and Ascot’s Premier mine in British Columbia, Canada, and falls within the prolific Golden Triangle. Assays include grades of up to: 9.48 g/t gold, 3510 g/t silver, 2.84 % copper, >20% lead, and 28% zinc.
Sun Metals – SUNM ($.51) – $.20 – announces the successful closing of the second and final tranche of its bought deal financing initially announced on October 7, 2019 and later on October 9, 2019 with respect to an upsize in the offering
121 MINING INVESTMENT CONFERENCE
Tri Origin Exploration – TOE ($.02) – $.02 – announce that a “deep-looking” induced polarization (“IP”) survey has been completed at the Company’s Sky Lake project located 30 kilometres southwest of the Pickle Lake Gold Mining District in northwest Ontario. IP results were positive and detected possible depth extensions to known gold zones and identified new targets all of which warrant drill testing
JOHN KAISER COMMENTS (start at 9:25 minute mark)
Wallbridge – WM ($.16) – $.92 – announced that hole FA-19-99 of the ongoing 75,000-metre 2019 drill program on its 100%-owned Fenelon Gold Property (“Fenelon” or the “Property”) has intersected visible gold and abundant sulfide mineralization over a 16-metre core length. This extends the Lower Tabasco Zone a further 230 m down-dip to a vertical depth of 850 metres, also announced that Tony Makuch, CEO of Kirkland Lake Gold Ltd. has joined the Company’s Board of Directors following Kirkland Lake becoming a 9.9% shareholder of Wallbridge pursuant to its private placement financing
JAMES BAY EXPLORATION STOCKS
Stock – (Price When Picked) – Current Stock Price – Links
Midland Exploration – MD ($1.255) – $.80 CHART NEWS NEWS DECK
Azimut Exploration – AZM ($.35) – $.50 CHART NEWS NEWS NEWS DECK
Quebec Precious Metals – CJC ($.30) – $.245 CHART COMMENTARY NEWS INTERVIEW DECK
Gaia Metals – GMC ($.08) – $.08 CHART NEWS COMMENTARY DECK
OIL & GAS STOCKS
Stock – (Price When Picked) – Current Stock Price – Dividend (Yld)
Athabasca Oil – ATH ($.395) – $.52
Baytex Energy – BTE ($1.65) – $1.71
MEG Energy – MEG ($5.50) – $7.21
Nuvista Energy – NVA ($2.44) – $3.09
Surge Energy – SGY ($1.06 – 9.4% Div) – $1.08 (9.3%)
Torq Oil & Gas – TOG ($3.75 – 8.3% Div) – $4.43 (6.8%)
BUSHELL at NEWHAVEN ASSET COMMENTARY
