MUSIC CLIPS FOR THIS WEEK
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) – $.81 – announced that it has signed a definitive acquisition agreement with SSR Mining Inc. to purchase 100 percent of the Berenguela silver-copper project located in Puno, Peru, through the purchase of 100 percent of the shares in the Peruvian holding company Sociedad Minera Berenguela S.A.
Adamera Minerals – ADZ ($.04) – $.08 – announced that deeper penetrating Induced Polarization (IP) on the Cooke Mountain Gold project in Washington State is underway. The survey was recommended by JV partner Hochschild Mining PLC (LON:HOC) to preceed deeper drilling of high-grade gold targets/intercepts from Adamera’s previous drilling. The survey parameters for the IP survey have been tested on east-west and north-south lines over the former Overlook Gold Mine. The survey demonstates that sulfide mineralization related to the deposit appears to extend below 200 metres depth.
1911 Gold – AUMB ($.26) – $.71 – announced that it has granted a total of 760,000 options to purchase common shares of the Company to officers, directors and employees pursuant to the Company’s Share Option Plan. Such options have an exercise price of $0.78 per common share and expire on August 27, 2025. The options vest as to one-third immediately and one-third after the first and second anniversaries of the date of grant. The Company also announces that further to its press release of July 23, 2020, David Christensen was elected as a director of 1911 Gold along with the other management nominees at the annual general meeting of shareholders that was held on August 26, 2020.
Condor Resources – CN ($.165) – $.285 – provided updates on project activity amid the ongoing COVID-19 lockdowns in many locations throughout Peru. Condor appreciates that Peru has been hit hard by the pandemic, and the health and safety of our employees and the host communities takes priority.
Canada Nickel – CNC ($.51) – $1.76 – announced that it has closed the first tranche of its previously announced brokered “bought deal” private placement financing and has issued an aggregate of 5,350,000 units of the Company at an offer price of $1.50 per Unit for aggregate gross proceeds of $8,025,000. The Company’s second tranche of its financing consisting of an aggregate of 2,950,000 common shares of the Company designated as “flow-through shares” at a price of $1.70 per Flow-Through Share for aggregate gross proceeds of $5,015,000 is scheduled to close on or around October 14, 2020.
Dore Copper – DCMC ($.85) – $.70 – announced two additional intercepts from its 2020 drill program at the Corner Bay deposit located in the Chibougamau mining camp, approximately 45 kilometers by road from Chibougamau, Québec. Results follow up on the drill holes announced on March 3 and April 22, 2020. The two holes extend the Corner Bay deposit by approximately 125 meters along strike to the south over a downdip length of approximately 300 meters. The deposit remains open along strike and down plunge.
Dios Exploration – DOS ($.095) – $.09 – reported closing a private placement $1,090,800 with a lead order from Palisades Goldcorp Ltd, consisting of 9,090,000 units of Dios, at the price of $0.12 each and comprising one common share of Dios and one Share purchase warrant, each granting the holder the right to purchase one Share of Dios at the price of $0.20, for a period of 36 months.
Dolly Varden – DV ($.275) – $.80 – announced an update to the ongoing drilling program targeting high-grade silver mineralization at its flagship Dolly Varden Property, located in northwestern, BC. A second drill rig has arrived on the Property to prioritize discovery-focused exploration drilling along a previously untested trend of alteration and mineralization that strikes north from the high grade Torbrit silver deposit. Additional drilling is also being planned to expand and upgrade the current resources and for future engineering studies.
Cartier Resources – ECR ($.15) – $.26 – announced an interval of 20.4 g/t Au over 2.0 m included within 18.0 m at 2.7 g/t Au, intersected 200 m below the resources of Zones 5B4-5M4-5NE, which were estimated by GéoPointCom in 2019. The Chimo Mine Property is held 100% by Cartier and is situated 45 km east of the Val-d’Or mining camp.
Eloro Resources – ELO ($.37) – $1.57 – announced that its Bolivian subsidiary Minera Tupiza S.R.L. has commenced the planned 3,500m underground diamond drilling program at Huayra Kasa on its optioned Iska Iska Polymetallic Project in Potosi Department, southern Bolivia. Tom Larsen, President & CEO of Eloro commented: “This program will be the first drilling to ever be carried out on the property and is designed to test the full extent of the mineralized system in and around the Huayra Kasa underground workings. The mineralized/altered zone is exposed in the underground workings over a width of 100m but is likely much more extensive. Drilling will initially test a strike length of approximately 300m to a depth of 100m in the vicinity of the mine workings.”
European Cobalt – EUC (Australia) – (A$.049) – A$.04 – 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) – $.55 – detailed the objectives of its maiden diamond drilling program at Abriaqui. The Phase 1 program, initiated on September 26, will include 4500 of the budgeted and fully funded 6000 meters of the initial program. Objectives of the program are a first phase test of the sequence of mesothermal veins and geophysical anomalies in the northwestern part of the project area. As part of its ongoing local community initiative a geotechnical program utilizing the same drill holes will determine rock quality for a road upgrade in cooperation with the Municipality of Abriaqui.
Golden Goliath – GNG ($ .06) – $.29 – reported that the first objective has been reached on the Kwai property. This objective was to identify shear zones within a basaltic unit along the north contact of the Pakwash Fault. Mineralized shears were intersected by holes K20-04 and 05 respectively on lines 600E and 400E on the east side of the West Grid, and up ice from the till samples that yielded pristine gold grains. The shears were mineralized with fine grained pyrite and a parallel shear was injected with quartz to create a laminated appearance.
Kalamazoo – KZR (Australia) – (A$.79) – A$.69 – has granted Canadian listed gold explorer and developer, Novo Resources Corp., an option to earn an initial 50% interest, then earn a further 20% in its recently granted Victorian Exploration Licence EL007112 (“Queens”). In exchange for 24,883 Novo common shares, Novo has a six-month period in which to exercise its option to earn a 50% interest in Queens by paying Kalamazoo an additional $2 million worth of Novo shares.
Metals X – MLX (Australia) – (A$.076) – A$.06 – announced that it has now executed a formal Farm-in and Joint Venture Agreement with IGO Limited over the Company’s Paterson Project, which surrounds, but does not include the Nifty Copper Operation or the Maroochydore Copper Project. *Approximate spot price of tin currently AUS $24,479/t
NorthIsle Copper and Gold – NCX ($.12) – $.115 – recently completed metallurgical tests improved the copper and gold recovery rates at the Red Dog Deposit by an average of 5% and 65% respectively, compared to the tests forming the bases for estimates used in the previously published PEA; metallurgical tests also demonstrate potential to recover silver and rhenium metal content, which was previously excluded from the PEA economics; the previously published PEA is being updated to include upside potential related to higher gold and copper recovery rates, higher metal prices, and the inclusion of silver and rhenium metal recovery
Precipitate Gold – PRG ($.125) – $.26 – announced that the Company is renewing exploration work on its volcanogenic massive sulphide (VMS) gold and copper Juan de Herrera project, located within the Tireo Gold Camp of western Dominican Republic. The Tireo Gold Camp is a highly prospective geological terrain that hosts GoldQuest Mining’s Romero project, Unigold’s Neita/Candelones project, and Newmont’s La Miel project (Haiti)
Quebec Precious Metals – QPM ($.25) – $.25 – reported the discovery of a new gold and base metals system following the summer prospecting program on the 100% owned Elmer East Project in Quebec’s Eeyou Istchee James Bay territory and is located east of the recent Patwon prospect gold discovery made by Azimut Exploration Inc. A total of 425 grab samples were collected during the summer field program on the Project.
Rockcliff – RCLF ($.07) – $.08 – announced that additional drilling completed at its 100% owned Tower Property has expanded the Tower Deposit mineralization along strike and at depth. Management has determined that it is appropriate that this additional mineralization be added to the Preliminary Economic Assessment currently being prepared by the Company and its independent consultants. The Tower Deposit’s mineralization strike length has increased to approximately 1,000 metres and has been intersected to depths of approximately 800 metres.
RJK Explorations – RJX.A ($.19) – $.16 – announced that the Company has intersected kimberlite in four additional drill holes in the Paradis Pond/Goodwin Lake area of the Bishop Property, extending the NW to SE trend to over 700 m. Uniform kimberlite from holes PP-20-07 to PP-20-10 visually corresponds to RJK’s reported kimberlite from Paradis Pond in 2019 that returned 18 microdiamonds, varying in color, from a 22.4 kg sample and kimberlite intersects from PP-20-01 to PP-20-06 (news releases April 1, 2020 and August 31, 2020 respectively). The kimberlite varies between 7 m to 17.3 m in true thickness, beginning as shallow as 2 m from surface, and appears to thicken to the southwest towards the Goodwin Lake Basin.
Royal Road Minerals – RYR ($.39) – $.28 – announced drilling results and provide an exploration update for its Guintär-Niverengo and Margaritas (GNM) gold project in Antioquia, Colombia. The GNM project area comprises two contiguous concession contracts and one title application area located in the Anza mining district, approximately 50 Km west of Medellin. Royal Road has completed an initial 1179m diamond drilling program focused on the Niverengo title area. Drilling intersected skarn-style mineralization hosted primarily in folded calc-silicate sedimentary rocks and crosscutting east-west oriented pyrrhotite vein and breccia bodies with elevated gold, silver and copper.
Scottie Resources – SCOT ($.185) – $.37 – announced that it has commenced a 57 km2 helicopter borne concurrent magnetic and electromagnetic surveys (EM), and two induced polarization (IP) survey grids on its Scottie Gold claims in northern BC’s Golden Triangle. CEO Bradley Rourke commented “Scottie Resources continues to aggressively explore and develop the Scottie Gold Mine Project. These geophysical surveys will enhance our technical data and understanding for future drill targeting. Drill progress has been better than expected and over 4,500 metres has been completed to date. Drill results will be released upon receipt.”
Superior Gold – SGI ($.61) – $.73 – announced its financial and operating results for the second quarter 2020. This release should be read in conjunction with the Company’s Management Discussion and Analysis and consolidated financial statements for the quarter ended June 30, 2020 – produced 15,177 ounces of gold, down 7% from the first quarter of 2020 and down 36% from the comparable period in 2019; sold 15,536 ounces of gold at total cash costs of $1,426 per ounce sold and all-in sustaining costs of $1,547 per ounce sold which were below the record realized gold price of $1,608 per ounce sold; operating cash flow before working capital changes of $0.6 million and after the repayment of $1.9 million under the gold loan; net loss for the period of $0.00 per share and adjusted net loss of $0.01 per share; ended the second quarter with $15.6 million in cash
Spruce Ridge – SHL ($.06) – .08 – announced that diamond drilling will begin on its 100% owned Great Burnt copper-gold Volcanogenic Massive Sulphide (VMS) property in South Central Newfoundland. The drill program will comprise approximately 3,500 metres. Highlights from the 2018 infill drilling on the Great Burnt Main Zone include 20.94 metres of 6.21% copper (Cu), including 6.98 metres of 10.71% Cu in dill hole GB18-05 and 9.97 metres of 7.45% (Cu), including a 5.03 metre section grading 11.42% Cu in drill hole GB18-06.
Sun Metals – SUNM ($.225) – $.12 – announced that initial drilling results from the 2020 Stardust exploration program have established continuity between the 421 and Canyon Creek zones along a 900m corridor of continuous high-grade copper-gold mineralization. The 100% owned Stardust project is located in northcentral B.C. Drill hole DDH20-SD-457M establishes continuity from the 421 zone to a lens of the overlying Canyon Creek zone. The 421 zone is now revealed to be a feeder to the overlying Canyon Creek zone mineralization. Stardust’s high-grade copper gold massive sulphide mineralization has now been traced along one of the continuous pathways in the currently known 900m of plunge length from surface.
**TAG Oil – TAO ($.05) – $.195 – announced that Mr. Abdel (Abby) Badwi has joined the Company as Executive Chairman of the board of directors, along with Mr. Suneel Gupta who has been appointed as VP and COO of the Company. Messrs. Shawn Reynolds and Thomas Hickey have also been appointed to TAG’s board of directors as non-executive directors. In connection with the above appointments, Messrs. Badwi, Reynolds, Hickey and Gupta, along with a consultant, have agreed to purchase, on a non-brokered private placement basis, 6.25 million units (“Units”) at a price of C$0.16 per Unit for aggregate gross proceeds of C$1.0 million.
American Pacific Mining – USGD ($.155) – $.22 – announced that, through its wholly owned subsidiary, American Pacific Mining (US) Inc., it has entered into an earn-in and option to form joint venture agreement in respect of the Company’ Tuscarora Gold Project with Elko Sun Mining Corp., a private British Columbia Company. Warwick Smith, CEO of the Company, commented: “Tuscarora is a high-grade epithermal system that has produced some great results previously so we are pleased to see it receive more exploration in the coming months. This is another strong transaction for American Pacific shareholders that will create value via exploration without us having to use our own treasury.”
VR Resources – VRR ($.35) – $.32 – announced that drilling is now underway at the Hecla-Kilmer copper-gold breccia target in northwestern Ontario. Hecla-Kilmer is a polyphase alkaline intrusive complex with carbonatite 4 – 6 kms across, emplaced along the western margin of the crustal-scale Kapuskasing structural zone which bisects the Archean Superior Craton in northern Ontario. The property has been expanded significantly since the recent property acquisition, and now covers the entire carbonatite complex.
Group Eleven – ZNG ($.05) – $.08 – announced that it has commenced drilling at the Carrickittle zinc prospect on the Company’s 100%-interest PG West project in the Republic of Ireland. Drill program at Carrickittle consists of approximately 20 holes totalling 1,200 metres; Phase 1 of the drill program commenced on September 29th and consists of six holes and 600 metres; Phase 1 drilling will focus on Zone 1 of the Carrickittle prospect, testing the immediate extensions of the high-grade zone announced on July 6th, 2020 (10.3 metres of 14.6% zinc and 5.0% lead, or 19.6% combined, and 43 g/t silver in hole G11-2840-04).
OIL & GAS STOCKS
ALL HAVE BEEN Severely depressed, wHICH ONES WILL RECOVER?
Stock – (Price When Listed) – Current Stock Price – Dividend Yld
BIRCHCLIFF ENERGY – BIR ($2.32) – $1.48 1.4% DIV
KELT EXPLORATIONS – KEL ($1.82) – $1.40
MEG ENERGY – MEG ($4.06) – $2.69
NUVISTA ENERGY – NVA ($2.31) – $.68
TORQ OIL & GAS – TOG ($4.49) – $1.33
TAMARACK VALLEY – TVE ($.96) – $.73
WHITECAP RESOURCES – WCP ($5.55) – $2.32 7.4% Div