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) – $.89 – announced that it has signed a definitive acquisition agreement with SSR Mining Inc. to purchase 100 percent of the Berenguela silver-copper project located in Puno, Peru, through the purchase of 100 percent of the shares in the Peruvian holding company Sociedad Minera Berenguela S.A.
Adamera Minerals – ADZ ($.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) – $.66 – 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) – $.25 – provided updates on project activity amid the ongoing COVID-19 lockdowns in many locations throughout Peru. Condor appreciates that Peru has been hit hard by the pandemic, and the health and safety of our employees and the host communities takes priority.
Canada Nickel – CNC ($.51) – $1.85 – announced that it has closed the second tranche of its previously announced brokered “bought deal” private placement financing of approximately $13 million and has issued 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 $5,015,000.
Dore Copper – DCMC ($.85) – $.60 – announced two additional intercepts from its 2020 drill program at the Corner Bay deposit located in the Chibougamau mining camp, approximately 45 kilometers by road from Chibougamau, Québec. Results follow up on the drill holes announced on March 3 and April 22, 2020. The two holes extend the Corner Bay deposit by approximately 125 meters along strike to the south over a downdip length of approximately 300 meters. The deposit remains open along strike and down plunge.
Dios Exploration – DOS ($.095) – $.095 – 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) – $.87 – announced silver assay results from initial step out drilling from the current mineral resource area at the past-producing Torbrit Silver Mine, as well as infill holes to expand the high-grade zones within the known Mineral Deposit. The Torbrit Mine area is one of several exploration targets being drilled during the 2020 program at the Dolly Varden Property, located north of tidewater and the community of Alice Arm in Northwest BC.
Cartier Resources – ECR ($.15) – $.245 – announced an interval of 20.4 g/t Au over 2.0 m included within 18.0 m at 2.7 g/t Au, intersected 200 m below the resources of Zones 5B4-5M4-5NE, which were estimated by GéoPointCom in 2019. The Chimo Mine Property is held 100% by Cartier and is situated 45 km east of the Val-d’Or mining camp.
Eloro Resources – ELO ($.37) – $1.56 – announced that Minera Tupiza S.R.L., Eloro’s Bolivian subsidiary has staked nine (9) additional properties (known as “Mining Areas” under Bolivian law) covering a total of 311.75 square kilometres in the Potosí Department, southern Bolivia where Iska Iska is located
European Cobalt – EUC (Australia) – (A$.049) – A$.044 – 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) – $.53 – detailed the objectives of its maiden diamond drilling program at Abriaqui. The Phase 1 program, initiated on September 26, will include 4500 of the budgeted and fully funded 6000 meters of the initial program. Objectives of the program are a first phase test of the sequence of mesothermal veins and geophysical anomalies in the northwestern part of the project area. As part of its ongoing local community initiative a geotechnical program utilizing the same drill holes will determine rock quality for a road upgrade in cooperation with the Municipality of Abriaqui.
Fremont Gold – FRE – ($.07) – announced that it has increased the size of its previously announced non-brokered private placement from $1,000,000 to $2,000,000 with a lead order from Palisades Goldcorp Ltd. The non-brokered private placement will be comprised of up to 40,000,000 units at a price of $0.05 per unit for gross proceeds of up to $2,000,000. Palisades has agreed to purchase $500,000 of the units as part of a minimum $1,000,000 financing. Net proceeds of the Private Placement will be used for a drill program at the North Carlin gold project.
Golden Goliath – GNG ($ .06) – $.26 -reported on the progress being made on the Kwai gold project south of Red Lake Ontario and the continuing drill program to test numerous IP (Induced Polarization) anomalies associated with the Pakwash Fault structure and associated, parallel, splay faults and shears.
Kalamazoo – KZR (Australia) – (A$.79) – A$.64 – 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$.08 – 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 $25,991/t
NorthIsle Copper and Gold – NCX ($.12) – $.18 – announced that it intends to raise up to $3,000,000 by way of a non-brokered private placement to consist of up to 23,076,923 common shares at a price of $0.13 per share. Certain insiders of the Company intend to participate, with full particulars of such participation to be included in the news release announcing the closing of the Placement. In addition, NorthIsle has included affiliates of the Sprott Group in the Placement. The proceeds will be used by NorthIsle to complete the updated Preliminary Economic Assessment as described in the October 5th, 2020 press release, advance exploration activities, and for general working capital purposes.
Precipitate Gold – PRG ($.125) – $.29 – announced that the Company is renewing exploration work on its volcanogenic massive sulphide (VMS) gold and copper Juan de Herrera project, located within the Tireo Gold Camp of western Dominican Republic. The Tireo Gold Camp is a highly prospective geological terrain that hosts GoldQuest Mining’s Romero project, Unigold’s Neita/Candelones project, and Newmont’s La Miel project (Haiti)
Quebec Precious Metals – QPM ($.25) – $.22 – provided an update on its exploration programs in the Quebec’s Eeyou Istchee James Bay territory. The main focus was to carry out a drilling program to advance the Sakami gold project to the resource estimate stage by the end of the year. Surface exploration work was also carried out to provide an initial assessment of exploration targets on the Company’s Elmer East project.
Rockcliff – RCLF ($.07) – $.07 – announced that additional drilling completed at its 100% owned Tower Property has expanded the Tower Deposit mineralization along strike and at depth. Management has determined that it is appropriate that this additional mineralization be added to the Preliminary Economic Assessment currently being prepared by the Company and its independent consultants. The Tower Deposit’s mineralization strike length has increased to approximately 1,000 metres and has been intersected to depths of approximately 800 metres.
RJK Explorations – RJX.A ($.19) – $.17 – announced that the Company has intersected kimberlite in four additional drill holes in the Paradis Pond/Goodwin Lake area of the Bishop Property, extending the NW to SE trend to over 700 m. Uniform kimberlite from holes PP-20-07 to PP-20-10 visually corresponds to RJK’s reported kimberlite from Paradis Pond in 2019 that returned 18 microdiamonds, varying in color, from a 22.4 kg sample and kimberlite intersects from PP-20-01 to PP-20-06 (news releases April 1, 2020 and August 31, 2020 respectively). The kimberlite varies between 7 m to 17.3 m in true thickness, beginning as shallow as 2 m from surface, and appears to thicken to the southwest towards the Goodwin Lake Basin.
Royal Road Minerals – RYR ($.39) – $.41 – announced drilling results and provide an exploration update for its Guintär-Niverengo and Margaritas (GNM) gold project in Antioquia, Colombia. The GNM project area comprises two contiguous concession contracts and one title application area located in the Anza mining district, approximately 50 Km west of Medellin. Royal Road has completed an initial 1179m diamond drilling program focused on the Niverengo title area. Drilling intersected skarn-style mineralization hosted primarily in folded calc-silicate sedimentary rocks and crosscutting east-west oriented pyrrhotite vein and breccia bodies with elevated gold, silver and copper.
Scottie Resources – SCOT ($.185) – $.375 – reported on the first assays of the 2020 drill program, including a high-grade intercept on the Scottie Gold Mine O-Zone of 109.4 g/t gold and 32.4 g/t silver over 2.53 metres. The Scottie Gold Mine, which operated from 1981 to 1985, milled vein material averaging 16.2 grams per tonne gold, producing 95,426 ounces of gold from 183,147 tonnes of mineralization. Previous exploration work has indicated 13 different gold-bearing veins on the Scottie Gold project. During the 2020 field season, Scottie completed a total of 7040 metres of diamond drilling – assays for 38 holes are currently pending, and subsequent drill hole results will be released in batches as they become available.
Superior Gold – SGI ($.61) – $.73 – announced that it has entered into an agreement with PI Financial Corp. as lead underwriter along with a syndicate of underwriters, under which the Underwriters have agreed to buy on a “bought deal” basis 21,430,000 common shares at a price of $0.70 per Common Share for aggregate gross proceeds of $15,001,000.
Spruce Ridge – SHL ($.06) – .09 – 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) – $.105 – announced that initial drilling results from the 2020 Stardust exploration program have established continuity between the 421 and Canyon Creek zones along a 900 metre corridor of continuous high-grade copper-gold mineralization. The 100% owned Stardust project is located in northcentral B.C. Drill hole DDH20-SD-457M establishes continuity from the 421 zone to a lens of the overlying Canyon Creek zone. The 421 zone is now revealed to be a feeder to the overlying Canyon Creek zone mineralization. Stardust’s high-grade copper gold massive sulphide mineralization has now been traced along one of the continuous pathways in the currently known 900m of plunge length from surface.
**TAG Oil – TAO ($.05) – $.20 – announced that it has entered into a definitive purchase and sale agreement dated October 14, 2020, with Australian-based Luco Energy Pty. Ltd., a company owned by Ilwella Pty. Ltd. and AJ Lucas Services, to divest its Australian assets and operations as part of a strategic realignment of the Company’s oil and gas exploration and development activities. This is an arm’s length transaction that involves the sale by TAG Oil of the shares of its Australian subsidiary, Cypress Petroleum Pty Ltd., which holds the Company’s 100% working interests in PL 17, ATP 2037, and ATP 2038 (collectively, the “Permits”) located in the Surat Basin of Queensland, Australia to Luco.
American Pacific Mining – USGD ($.155) – $.23 – announced that, effective August 17, 2020, it will graduate from the OTC Pink Sheets (“OTCPK”) and commence trading on the OTCQB® under the symbol, “USGDF”. The Company has chosen to trade on this US marketplace to provide current and future US-based investors with greater access, ease of trading, home country disclosure, current financial disclosures and Real-Time Level 2 quotes on
VR Resources – VRR ($.35) – $.295 – announced that drilling is now underway at the Hecla-Kilmer copper-gold breccia target in northwestern Ontario. Hecla-Kilmer is a polyphase alkaline intrusive complex with carbonatite 4 – 6 kms across, emplaced along the western margin of the crustal-scale Kapuskasing structural zone which bisects the Archean Superior Craton in northern Ontario. The property has been expanded significantly since the recent property acquisition, and now covers the entire carbonatite complex.
Group Eleven – ZNG ($.05) – $.08 – announced that Michael Gentile has filed an early warning report announcing the acquisition of 1,500,000 common shares in the capital of Group Eleven Resources Corp. Prior to the completion of the Acquisition, Mr. Gentile beneficially owned and controlled, directly or indirectly, an aggregate of 10,265,333 Shares and an aggregate of 5,000,000 Share purchase warrants, representing approximately 8.97% of Group Eleven’s issued and outstanding Shares on an undiluted basis and approximately 12.79% of Group Eleven’s issued and outstanding Shares on a partially diluted basis. Following the completion of the Acquisition, Mr. Gentile beneficially owns and controls, an aggregate of 11,765,333 Shares and 5,000,000 Warrants, representing approximately 10.29% of Group Eleven’s issued and outstanding Shares an undiluted basis and approximately 14.04% of Group Eleven’s issued and outstanding Shares on a partially diluted basis.
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) – $1.89 1.06% DIV
KELT EXPLORATIONS – KEL ($1.82) – $1.63
MEG ENERGY – MEG ($4.06) – $2.45
NUVISTA ENERGY – NVA ($2.31) – $.84
TORQ OIL & GAS – TOG ($4.49) – $1.59
TAMARACK VALLEY – TVE ($.96) – $.83
WHITECAP RESOURCES – WCP ($5.55) – $2.56 6.7% Div