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. Information on the TFSA Letter Listed Stocks will be updated weekly.
Daily update re comments or news will be made on Twitter – @LetterTfsa
****Some of the 2020 listed stocks will be 2019 listed stocks carried forward but with the starting list price being the stock price as of Jan. 1, 2020, even though they were listed in 2019 at a different price – in other words, starting from scratch, ignoring their performance in 2019****
2020 Stocks (Stock Price When Listed) – Current Stock Price – Update
Aftermath Silver – AAG ($.285) – $.17 – has acquired 2 silver projects in northern Chile and is currently designing exploration programs for both projects, advises that SRK Consulting (Canada) Inc. is preparing a revised NI 43-101 report based on comments received from the BCSC
Adamera Minerals – ADZ ($.04) – $.035 – has entered into an option / joint venture agreement with Hochschild Mining (US) Inc., a wholly-owned subsidiary of Hochschild Mining PLC (LSE:HOC) on its Cooke Mountain gold project in Washington State, whereby HOC can earn a 60-per-cent interest in the project by incurring $8-million (U.S.) in exploration expenditures over five years
1911 Gold – AUMB ($.26) – $.265 – intersected high-grade gold mineralization in initial drill holes of the Phase 1 exploration drilling program at its Rice Lake gold properties in Manitoba, highlighted by a visible gold intercept that returned 9.40 g/t Au over 0.7 m
Macdonald Mines – BMK ($.11) – $.09 – announced a strong start to its 2020 definition drilling program in the North Pit area. Hole SM-20-026 intersected 59.2 g/t gold over 19.07 metres in the Bristol Structure, 18 metres north-east of the intersection of 52 g/t gold over 12 metres in SM-19-001
Cardinal Resources – CDV ($.275) – $.31 – announced the Water Extract Permits for the Company’s Namdini Gold Project in Ghana, West Africa have been granted by the Ghanaian Water Resources Commission
Quebec Precious Metals – CJC ($.25) – $.255 – reported the start of operation of the second drill rig on its 100% owned flagship Sakami project in Quebec’s Eeyou Istchee James Bay territory. The 25,000 m drill program is fully funded. Using the first drill rig, a total of 14 holes (3,103 m) have been completed by QPM since the beginning of the year. Results are pending
Canada Nickel Company – CNC ($.50) – $.90 – announced a maiden resource with higher grade core of measured and indicated resource of approximately 263 million tonnes at 0.31% nickel, 0.013% cobalt, and 0.038 g/t Pd + Pt within an overall measured and indicated resource of approximately 600 million tonnes at 0.25% nickel, and 0.013% cobalt, and an additional higher grade inferred resource of approximately 66 million tonnes at 0.29% nickel and 0.013% cobalt within an overall inferred resource of approximately 310 million tonnes at 0.23% nickel and 0.013% cobalt.
Dore Copper – DCMC ($.85) – announced initial intercepts from its 2020 drill program. The maiden 2020 drill program has successfully expanded mineralization at Corner Bay including one of the highest-grade intercepts to date with hole CB-20-17 that returned 9.08% Cu over 7.0 meters (TW approx. 4.6 meters).
Dios Exploration – DOS ($.095) – $.07 – plans drilling the wholly-owned K2 gold project, directly bordering the Azimut Elmer gold property to the west-southwest, along the same trend of Opinaca River deformation Zone
Dolly Varden – DV ($.275) – $.255 – announced that it has appointed Shawn Khunkhun as President, CEO, and Director, and has appointed Robert McLeod as a Director and technical advisor, both effective February 18, 2020. Gary Cope has resigned from his position as President and Director which he has held since December 2016
Cartier Resources – ECR ($.15) – $.14 – announced 7.1 g/t Au over 11.5 m including 22.0 g/t Au over 2.0 m, 550 m below Zones 5B4-5M4-5NE; demonstrating the continuity of mineralization to a depth of 1.3 km
Geomega Resources – GMA ($.16) – $.125 – announced that Geomega and Jobmaster Magnets Canada Inc. have reached an agreement to increase rare earth magnet recycling in Canada and abroad which will lead to additional feed supply for Geomega’s plant, will be putting in place a collection and recycling program with end users and traditional recyclers to return scrap magnets to either Geomega or Jobmaster Magnets to be ultimately recycled using Geomega’s process to produce rare earths
Angus Ventures – GUS ($.32) – $.29 – announced that it has closed the acquisition of all of the interests of Talisker Gold Corp. in option agreements with IAMGOLD Corporation and Exiro Minerals Corporation
Japan Gold – JG ($.32) – $.325 – announced the formation of a country-wide alliance with Barrick Gold Corporation (NYSE: GOLD) (TSX: ABX) to jointly explore, develop and mine certain gold mineral properties and mining projects in Japan, also announced a further consolidation of its position in the Southern Kyushu Epithermal Gold Province with the acceptance of an additional six new project areas, by the Japan Ministry of Economy, Trade and Industry
Excelsior Mining – MIN ($1.00) – $.75 – is initiating the following optimizations to the production well field: Improved preventative maintenance to limit pump and well field down-time; and Injection wells will be retrofitted with pumps allowing them to be used as recovery wells when needed; and Wellheads and related piping are to be reconfigured to allow for both injection and recovery operations in each well, this addition will make the well field entirely reversible in terms of fluid flow; thereby allowing for greater flexibility during operations
Metals X – MLX (Australia) – A$.076 – A$.074 – has boosted its tin resource by 8 per cent in a promising sign for extended operational life. Renison mine half-owner Metals X Limited reported the exploration-driven increase as at December 10 in a resource update issued in late January. The increase came despite the mining activity which had taken place at the veteran West Coast mine since the previous estimate, dated March 31 last year. “Renison Tin Operations is Australia’s largest primary tin producer and a globally significant supplier, and it is pleasing we are able to substantially more than replace mined tonnes,” Metals X executive chairman Patrick O’Connor said. “The significant increase of 8 per cent in total mineral resources includes a substantial increase of 10 per cent in grade and a 34 per cent increase in contained tin in the Area 5 and Bell 50 areas. “This updated resource will be used in the completion of the Area 5 mining optimisation study and incorporated into the new life of mine plan expected in the June 2020 quarter.” *Approximate cash price of tin currently $16,212/t
Manitou Gold – MTU ($.045) – $.06 – announced that it has completed a private placement pursuant to which it has issued (i) 28,888,666 units at a price of $0.06 per Hard Unit to raise aggregate gross proceeds of $1,733,319; and (ii) 11,999,998 “flow-through” common shares at a price of $0.075 per FT Share to raise aggregate gross proceeds of $899,999.85, Alamos Gold Inc (TSX: AGI, NYSE: AGI) subscribed in the Offering to maintain its 19.9% interest in the Company.
Northern Shield – NRN ($.09) – $.105 – announced that approximately 1,150 metres of the planned 2,000 to 2,500-metre diamond drilling program has been completed at the Highway Zone, with the fifth hole now underway. Three hundred and thirty samples are in, or in transit, to the lab for multi-element analysis including gold, silver and base metals
Rockcliff – RCLF ($.07) – $.055 – announced results from ongoing metallurgical studies on three of the Company’s projects; Tower, Talbot and Rail located in the Flin Flon-Snow Lake region of Manatoba. Copper recoveries ranging from 91.2% – 94.4%; Copper concentrate grade of 28.2%-31.3%; Low zinc contamination on copper concentrates (0.3%-1%); and Potential ability to produce Zinc concentrate of >50%Zn.
RJK Explorations – RJX.A ($.19) – $.18 – is continuing their winter drill program with 3 drill holes – the KON-20-04, 5 and 6 which are testing geophysical drone magnetic targets; appointed Robert Mackay Executive Chairman of the Board; will be in Booth 3328 from March 1 to March 4 in the Investors Exchange at PDAC 2020
Scottie Resources – SCOT ($.185) – $.175 – announced that it has closed a non-brokered private placement financing with Eric Sprott, consisting of 10,000,000 units at a price of $0.20 per Unit, for gross proceeds of $2,000,000
Sun Metals – SUNM ($.225) – $.105 – 2020 exploration program will focus on growing the high-grade 421 zone and exploring for similar thick high-grade, massive sulphide zones within this Carbonate Replacement Deposit system. A $3.8 million program is planned, which will include approximately 12,000 metres of diamond drilling expected to begin in late spring with up to three drill rigs on site, as well as borehole electromagnetic geophysical surveys and continued geological studies
VR Resources – VRR ($.35) – $.255 – confirms that drilling is underway at its Ranoke copper-gold project in northern Ontario. The first-pass, reconnaissance drill program started in November has resumed, and drilling is now underway on hole RK20-002 which targets the center of the large, sharply defined and high intensity gravity anomaly at Ranoke for a high density, hydrothermal iron oxide breccia body with copper and gold