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. 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) – $1.04 – announced that it has signed a definitive acquisition agreement with SSR Mining Inc. to purchase 100 percent of the Berenguela silver-copper project located in Puno, Peru, through the purchase of 100 percent of the shares in the Peruvian holding company Sociedad Minera Berenguela S.A.
Adamera Minerals – ADZ ($.04) – $.085 – identified new areas of interest on the Iron Mountain gold claims that were staked in early 2020 as part of the Cooke Mountain Gold Project – Hochschild Mining earn in agreement. Rock samples collected during a mapping program in July have been analyzed and one sample in particular returned 18.6 g/t gold. Outcrop exposure in the area is rare and detailed mapping, prospecting, soil sampling and magnetic surveying is being considered to help define and develop targets for follow up drilling.
1911 Gold – AUMB ($.26) – $.61 – announced the start of its Phase II Exploration Drilling Program to test multiple high-grade gold targets at the 100% owned Rice Lake Properties in Manitoba. The Company plans to complete approximately 60 drill holes, totaling 18,000 metres of drilling, to test high-grade gold targets at the Tinney and Bidou projects, and several new targets that have been advanced to the drill stage, including first-pass drilling at the Horseshoe, Poundmaker and Wanipigow East projects
Condor Resources – CN ($.165) – $.315 – provided updates on project activity amid the ongoing COVID-19 lockdowns in many locations throughout Peru. Condor appreciates that Peru has been hit hard by the pandemic, and the health and safety of our employees and the host communities takes priority.
Canada Nickel – CNC ($.51) – $2.05 – announced the appointment of Pierre-Philippe Dupont as Vice-President of Sustainability, Wendy Kaufman as Chief Financial Officer, and the nomination of three Independent, Non-Executive Directors to the Board: Mr. Kulvir Gill, Ms. Jen Morais and Ms. Francisca Quinn. The Board nominations are subject to the approval of the TSX Venture Exchange and shareholders at a meeting expected to be held in December 2020. The nominees will serve as Board observers until such meeting.
Dore Copper – DCMC ($.85) – $.68 – announced that effective October 21, 2020, it has commenced freely trading on the OTCQB Venture Marketplace (“OTCQB”) under the symbol “DRCMF”. Ernest Mast, President and CEO stated, “With gold prices at all time highs and expected strong market conditions for copper, it is the right time to trade on the OTCQB to make the Company accessible to a much broader range of U.S. investors and assist in our goal of increasing liquidity and visibility in the U.S. We look forward to introducing our high-grade copper and gold assets to new investors in the U.S. Given that we have existing mine infrastructure, including a 2,700 tonne-per-day mill, Doré Copper remains focused on expanding resources through the drill bit with the view to an eventual hub-and-spoke restart.”
Dios Exploration – DOS ($.095) – $.105 – reported drilling started on the wholly-owned K2 gold-copper-silver project, James Bay Eeyou Istchee, Quebec. This first ever drilling consists of some 2,200 meters in 10-12 holes and follows up work completed by Dios’ high expertise exploration team over the last few years on K2 and most recent ground IP (geophysics) survey confirming, west of Kali intrusion, a 3 km long WI target electromagnetic conductor (up to 10 g/t gold in outcrop) and also, among others, 7 km east, the ATTILA gold-copper-silver prospect hosted in a fractured rhyodacite dome overlying Kali Porphyry to the south, (chalcopyrite-rich stringer/stockwork over 75 m long and 5 to 15 m wide, up to 8.08 g/t gold, 96.7 g/t silver, 2.43% Cu, south-west of Azimut Exploration’s Patwon gold discovery, bearing similarities in host rocks, alterations and quartz vein network. The K2 property (no royalties), adjacent in same trend SW to Azimut Exploration Inc’s Elmer project, is underlain by same stratigraphy, both north of major Opinaca Fault.
Dolly Varden – DV ($.275) – $.89 – announced that, due to strong investor demand, the Company intends to increase the size of its non-brokered private placement offering to $7,000,000 consisting of the sale of up to 7 million common shares that qualify as “flow-through shares” as defined under the Income Tax Act (Canada) at a price of $1.00 per share.
Cartier Resources – ECR ($.15) – $.275 – announced an interval of 20.4 g/t Au over 2.0 m included within 18.0 m at 2.7 g/t Au, intersected 200 m below the resources of Zones 5B4-5M4-5NE, which were estimated by GéoPointCom in 2019. The Chimo Mine Property is held 100% by Cartier and is situated 45 km east of the Val-d’Or mining camp.
Eloro Resources – ELO ($.37) – $1.90 – announced that Minera Tupiza S.R.L., Eloro’s Bolivian subsidiary has staked nine (9) additional properties (known as “Mining Areas” under Bolivian law) covering a total of 311.75 square kilometres in the Potosí Department, southern Bolivia where Iska Iska is located
European Cobalt – EUC (Australia) – (A$.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) – $.48 – announced the final data set from the recent ground magnetics and soil geochemistry program has generated another new target area at the Abriaqui project in Antioquia, Colombia. The new discovery target is 1200 meters from the area where drilling is currently taking place and extends total known mineralization to an area of 2.5 km x 1 km; the new target is located at an elevation 500 meters higher than the current drill location, lending confidence to the model showing the mesothermal veins having a minimum vertical continuity of 900 meters; the continuity of significant grade in soils indicates that additional potential for new discoveries is not limited to the existing, previously-known visible vein structures; Coincident magnetic high indicates potential for second porphyry target; Extends pipeline of new drill targets well into 2021
Fremont Gold – FRE – ($.07) – $.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) – $.195 – continued to discover new zones of mineralization along the Pakwash Fault as exploration continues following this structural trend to the east. These new extensive quartz stock work zones were not seen in earlier work to the west. Hole K20-08, which was drilled to the south, was completed to 207m from a point 200m east of hole K20-04 and it was discovered that the basalt zone host found along the north side of the Pakwash fault has widened. The porphyry has started to thin going eastward and becomes more silicified. A major fault occurs at 111-114m in K20-08 with contorted, altered mafic volcanics with talc, chlorite and sericite alteration and separates two quartz veining zones from 51 to 110m and 114-187m. This lower section contains wide zones of brecciated quartz besides veining
Kalamazoo – KZR (Australia) – (A$.79) – A$.645 – announced that a 5,700m drilling program at The Sisters Gold Project located on the Wohler Shear, in the Pilbara, is scheduled to commence on receipt of final approvals; five high priority drill targets have been identified with the initial focus to be on the Wattle Plains and Satirist Prospects; this will be the first drilling program at The Sisters Gold Project and will test significant gold
geochemical and geophysical targets
Metals X – MLX (Australia) – (A$.076) – A$.079 – 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 $25,329/t
NorthIsle Copper and Gold – NCX ($.12) – $.205 – is pleased to provide an update on its private placement previously announced on October 13, 2020. The Placement is oversubscribed and the Company now intends to raise gross proceeds of up to $3.2 million by issuing up to 24,615,385 common shares at a price of $0.13 per share.
Precipitate Gold – PRG ($.125) – $.27 – announced that the Company is renewing exploration work on its volcanogenic massive sulphide (VMS) gold and copper Juan de Herrera project, located within the Tireo Gold Camp of western Dominican Republic. The Tireo Gold Camp is a highly prospective geological terrain that hosts GoldQuest Mining’s Romero project, Unigold’s Neita/Candelones project, and Newmont’s La Miel project (Haiti)
Quebec Precious Metals – QPM ($.25) – $.205 – reported several recent results received to date including 0.93 g/t Au over 101 m, including 1.10 g/t Au over 80 m, in hole PT-20-159. The La Pointe deposit and the new La Pointe Extension discovery are part of a larger 2- kilometre-long mineralized trend on the Project striking SSW-NNE. This discovery has potential kilometre-scale extensions that have been subject to very limited surface exploration and no drilling before 2020. Two high-grade surface grab samples (23.82 g/t Au, 9.52 g/t Au) located 700 m apart further illustrate the potential of this discovery.
Rockcliff – RCLF ($.07) – $.085 – announce results from a metallurgical characterization study completed on the Bur Property. The results indicate that a selective separation of zinc and copper is feasible without the use of cyanide, and clean marketable concentrates can be made from the tested sample. Ore sorting was also successful in rejecting waste from the mineralized rock. Mr. Alistair Ross, President and CEO commented, “The characterization testing program has demonstrated a number of important positive factors. First, the mill chemistry regime currently being considered for Tower and Rail works well on the Bur sample. A relatively simple piping change to switch the copper and zinc circuits to account for the change in volume between the two metals is all that seems to be required. In addition, ore sorting has shown the ability to significantly upgrade the mined ore by rejecting the waste rock from the mined tonnage. Results of ore sorting indicate up to 25% mass rejection to a waste stream that will be placed underground.
RJK Explorations – RJX.A ($.19) – $.155 – announce that the Company has intersected kimberlite in six additional drill holes in the Paradis Pond/Goodwin Lake area of the Bishop Property, extending the NW to SE trend to over 985 m, establishing a new E-W drill fence over 380 m. The uniform kimberlite along the NW to SE drill fence from holes PP-20-09 to PP-20-16 visually corresponds to RJK’s reported kimberlite from Paradis Pond in 2019 that returned 18 microdiamonds, varying in colour, from a 22.4 kg sample and kimberlite intersects from PP-20-01 to PP-20-10 (news releases April 1, 2020, August 31, 2020, and September 29, respectively). An E-W fence, represented by holes 9, 10, 11 and 12, covers a distance of 380 m. The kimberlite varies between 1.1 m to 23.5 m in true thickness, beginning as shallow as 2.5 m from surface, and appears to thicken to the southwest towards the Goodwin Lake Basin. 16 holes from 2020 in the Paradis kimberlite are unconformably draped on top of granite/diabase bedrock surfaces.
Royal Road Minerals – RYR ($.39) – $.405 – announced drilling results and provide an exploration update for its Guintär-Niverengo and Margaritas (GNM) gold project in Antioquia, Colombia. The GNM project area comprises two contiguous concession contracts and one title application area located in the Anza mining district, approximately 50 Km west of Medellin. Royal Road has completed an initial 1179m diamond drilling program focused on the Niverengo title area. Drilling intersected skarn-style mineralization hosted primarily in folded calc-silicate sedimentary rocks and crosscutting east-west oriented pyrrhotite vein and breccia bodies with elevated gold, silver and copper.
Scottie Resources – SCOT ($.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 closed its previously announced “bought deal” public offering of 24,644,500 common shares of the Company at a price of C$0.70 per Common Share for gross proceeds of C$17,251,150, which includes the full exercise of the Underwriters’ over-allotment option. The Common Shares were offered and sold through a syndicate of underwriters led by PI Financial Corp. The Common Shares issued under the Offering were offered by way of a short form prospectus dated October 23, 2020 in each of the provinces of Canada, except Québec and by way of private placement in the United States.
Spruce Ridge – SHL ($.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) – $.11 – announced it has entered into a purchase agreement (the “Agreement”) with Teck Resources Limited (“Teck”) to acquire Teck’s 51% joint venture interest in the Lorraine copper-gold project. On satisfaction of the terms of the Agreement, Sun Metals will own 100% of the Lorraine project which is located just 40 kilometres north of the Company’s 100% owned Stardust project in northcentral B.C. The Lorraine project is host to a precious metal enriched, porphyry copper system. Examples of deposits with this style of mineralization in British Columbia include Galore Creek, New Afton, and Mount Polley. “Consolidating ownership of Lorraine gives shareholders 100% exposure to two high-quality copper-gold projects in a Tier 1 jurisdiction we know very well.”
TAG Oil – TAO ($.05) – $.19 – announced that it has closed its previously announced sale 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 Energy Pty. Ltd., a company owned by Ilwella Pty. Ltd. and AJ Lucas Services (the “Transaction”). Following closing of the Transaction, TAG Oil has ~C$17 million in cash and will continue to have exposure to the potential upside from a 3.0% gross overriding royalty on future production from all liquids produced from the Permits.
American Pacific Mining – USGD ($.155) – $.21 – announced that it has received the assay for the first drill hole of the 2020 diamond drilling exploration program at the Madison Copper Gold project, located in Montana, USA. Drilling is testing the extensions and offsets to the skarn-related mineralization. The Madison Project is currently under an earn-in, joint venture agreement, whereby Kennecott Exploration Company, part of the Rio Tinto Group may spend $30 million USD to earn up to 70% (see news release dated June 6, 2020). Drill hole 21 contained 23.61 metres (77.46 feet) of 2.19% copper and 1.7 metres of 69.4 g/t gold (2.22 opt). Kennecott has an additional 8 holes presently at ALS Laboratories for assay, and while assays are taking longer than is typical due to COVID-19 related delays, results are expected in the coming weeks.
VR Resources – VRR ($.35) – $.265 – announced that drilling is now underway at the Hecla-Kilmer copper-gold breccia target in northwestern Ontario. Hecla-Kilmer is a polyphase alkaline intrusive complex with carbonatite 4 – 6 km across, emplaced along the western margin of the crustal-scale Kapuskasing structural zone which bisects the Archean Superior Craton in northern Ontario. The property has been expanded significantly since the recent property acquisition, and now covers the entire carbonatite complex.
Group Eleven – ZNG ($.05) – $.075 – 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) – $2.00 1% DIV
KELT EXPLORATIONS – KEL ($1.82) – $1.49
MEG ENERGY – MEG ($4.06) – $2.42
NUVISTA ENERGY – NVA ($2.31) – $.76
TORQ OIL & GAS – TOG ($4.49) – $1.43
TAMARACK VALLEY – TVE ($.96) – $.77
WHITECAP RESOURCES – WCP ($5.55) – $2.49 6.9% Div
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