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) – $.90 – announced that it has signed a definitive acquisition agreement with SSR Mining Inc. to purchase 100 percent of the Berenguela silver-copper project located in Puno, Peru, through the purchase of 100 percent of the shares in the Peruvian holding company Sociedad Minera Berenguela S.A.
Arcpacific Resources – ACP ($.08) – $.09 – announced that it entered into a purchase and sale agreement with two vendors to acquire a 100% interest in and to certain mining claims near Timmins, Ontario. The Claims are contiguous to ACP’s existing Rickard Gold Project and total 509.6 Hectares. This new acquisition expands the total size of the Property by 50%. This increased land package will help secure the Company’s place as a significant player in the Timmins area which is regarded as one of the top gold mining jurisdictions in the world. Currently, a Lidar Survey is underway over the project area which is collecting detailed imagery and 3D point cloud data with a 5cm accuracy.
Adamera Minerals – ADZ ($.04) – $.075 – completed the Cooke Mountain 2020 induced polarization (IP) survey on the Oversight, Goodfoot and Lamefoot South gold projects. The data is currently being modeled with interpretations expected to be completed in two weeks. The results will be used to better define existing targets and to identify new “blind”targets for drilling. Oversight, Lamefoot South gold projects located in the Republic mining camp of Washington State. This region has historically produced over 7 million ounces of high-grade gold.
Artemis Gold – ARTG ($5.55) – $5.35 – presented key data on the near surface high grade starter pit mineralization and the commencement of its grade control drilling program at the company’s Blackwater Gold project in Central British Columbia, Canada. The Company has budgeted for a 35,000 metre reverse circulation drill program targeting mineralization planned to be mined during the first year of production within Phase 1 of the Blackwater development plan as set out in the Company’s 2020 Pre-Feasibility Study on the Project (“Blackwater Gold Project British Columbia NI 43-101 Technical Report on Pre-Feasibility Study” with an effective date of August 26, 2020), available on the Company’s website.
1911 Gold – AUMB ($.26) – $.485 – announced the recommencement of the Phase II exploration drilling program on its Rice Lake properties and the restart of tailings reprocessing operations at the True North complex in Bissett, Manitoba. As previously announced, the Company temporarily suspended all operations on November 4, 2020 in response to positive COVID-19 test results for two employees who attended the True North site between October 27 and October 31, 2020.
Condor Resources – CN ($.165) – $.225 – provided updates on project activity amid the ongoing COVID-19 lockdowns in many locations throughout Peru. Condor appreciates that Peru has been hit hard by the pandemic, and the health and safety of our employees and the host communities takes priority.
Canada Nickel – CNC ($.51) – $2.08 – announced the appointment of Pierre-Philippe Dupont as Vice-President of Sustainability, Wendy Kaufman as Chief Financial Officer, and the nomination of three Independent, Non-Executive Directors to the Board: Mr. Kulvir Gill, Ms. Jen Morais and Ms. Francisca Quinn. The Board nominations are subject to the approval of the TSX Venture Exchange and shareholders at a meeting expected to be held in December 2020. The nominees will serve as Board observers until such meeting.
Dore Copper – DCMC ($.85) – $.70 – announced that effective October 21, 2020, it has commenced freely trading on the OTCQB Venture Marketplace (“OTCQB”) under the symbol “DRCMF”. Ernest Mast, President and CEO stated, “With gold prices at all time highs and expected strong market conditions for copper, it is the right time to trade on the OTCQB to make the Company accessible to a much broader range of U.S. investors and assist in our goal of increasing liquidity and visibility in the U.S. We look forward to introducing our high-grade copper and gold assets to new investors in the U.S. Given that we have existing mine infrastructure, including a 2,700 tonne-per-day mill, Doré Copper remains focused on expanding resources through the drill bit with the view to an eventual hub-and-spoke restart.”
Dios Exploration – DOS ($.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) – $.73 – announced that it has closed its non-brokered private placement offering to raise aggregate gross proceeds of approximately $7,000,000, previously announced on October 22, 2020. The Offering consisted of the sale of 7,070,000 common shares of Dolly Varden 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) – $.26 – awarded InnovExplo the contract to produce a resource estimate for the Pusticamica deposit on the Company’s Benoist Property and to prepare a supporting technical report in accordance with National Instrument 43-101 (“NI 43-101”). The property is located 65 km northeast of Lebel-sur-Quévillon in the province of Québec. Over the past few months, InnovExplo has worked closely with Cartier staff, particularly Ronan Déroff, P.Geo., Senior Geomatician, to build a 3D gold mineralization model for the Benoist Property. This newly structured database will speed up InnovExplo’s data modelling that will form the basis of the resource estimate.
European Cobalt – EUC (Australia) – (A$.049) – A$.048 – 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) – $.53 – announced the final data set from the recent ground magnetics and soil geochemistry program has generated another new target area at the Abriaqui project in Antioquia, Colombia. The new discovery target is 1200 meters from the area where drilling is currently taking place and extends total known mineralization to an area of 2.5 km x 1 km; the new target is located at an elevation 500 meters higher than the current drill location, lending confidence to the model showing the mesothermal veins having a minimum vertical continuity of 900 meters; the continuity of significant grade in soils indicates that additional potential for new discoveries is not limited to the existing, previously-known visible vein structures; Coincident magnetic high indicates potential for second porphyry target; Extends pipeline of new drill targets well into 2021
Fremont Gold – FRE – ($.07) – $.06 – announced that it has closed the previously announced non-brokered private placement through the issuance of 40,000,000 units at a price of $0.05 per Unit for gross proceeds of $2,000,000. Palisades Goldcorp Ltd. was the lead order in the Private Placement. Net proceeds of the Private Placement will be used for a drill program at the North Carlin gold project later this month, an exploration program at the Cobb Creek gold project this spring, and for general working capital.
Golden Goliath – GNG ($ .06) – $.18 – extended mineralization and alteration zones on the north side of the West Grid an additional 380m eastward along the Pakwash Fault by completing drill holes K20-08, 09, and 10. The extensive quartz vein system that was intersected has been split and sent for assay. Samples have now been sent to more than one lab in an attempt to improve turn-around time for results.
Angus Gold – GUS ($.80) – $.68 – announced that it has entered into an asset purchase agreement with Argo Gold Inc., pursuant to which Angus will acquire the Macassa Creek, Mishi Lake and Abbie Lake Properties from Argo. The Properties are immediately adjacent to the Company’s Golden Sky project in Wawa, Ontario and have seen limited exploration work. Historical results, however, show considerable potential for all three properties to host significant high-grade gold mineralization. The Macassa Creek and Mishi Lake properties are located along the Mishibishu Deformation Zone and tie on to the western and eastern boundaries of Wesdome Gold Mines Ltd’s Mishi Mine property. Numerous historical gold showings occur on both Macassa Creek and Mishi Lake with highlights including 3.2 g/t over 12.3 metres from historical surface trenching and high-grade samples of up to 61.6 g/t gold over 0.55 metres and 26.6 g/t gold over 0.5 metres.
Kalamazoo – KZR (Australia) – (A$.79) – A$.535 – announced that a 5,700m drilling program at The Sisters Gold Project located on the Wohler Shear, in the Pilbara, is scheduled to commence on receipt of final approvals; five high priority drill targets have been identified with the initial focus to be on the Wattle Plains and Satirist Prospects; this will be the first drilling program at The Sisters Gold Project and will test significant gold geochemical and geophysical targets.
Metals X – MLX (Australia) – (A$.076) – A$.084 – 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) – $.23 – announced the appointment of Kevin O’Kane as an independent non-executive director, effective immediately. Commenting on the appointment, Dale Corman, Chairman of the Board of Directors, said: “The Board of Northisle is pleased to welcome Kevin as he adds strong technical, operational, social, and environmental expertise. Moreover, his long tenure at BHP Billiton, working at the Island Copper Mine situated adjacent to Northisle’s project, will be an invaluable asset as we progress towards developing our attractive North Island Project to a production decision.
Precipitate Gold – PRG ($.125) – $.24 – announced that the Company is renewing exploration work on its volcanogenic massive sulphide (VMS) gold and copper Juan de Herrera project, located within the Tireo Gold Camp of western Dominican Republic. The Tireo Gold Camp is a highly prospective geological terrain that hosts GoldQuest Mining’s Romero project, Unigold’s Neita/Candelones project, and Newmont’s La Miel project (Haiti)
Quebec Precious Metals – QPM ($.25) – $.215 – reported several recent results received to date including 0.93 g/t Au over 101 m, including 1.10 g/t Au over 80 m, in hole PT-20-159. The La Pointe deposit and the new La Pointe Extension discovery are part of a larger 2- kilometre-long mineralized trend on the Project striking SSW-NNE. This discovery has potential kilometre-scale extensions that have been subject to very limited surface exploration and no drilling before 2020. Two high-grade surface grab samples (23.82 g/t Au, 9.52 g/t Au) located 700 m apart further illustrate the potential of this discovery.
Rockcliff – RCLF ($.07) – $.075 – announced results from a metallurgical characterization study completed on the Bur Property. The results indicate that a selective separation of zinc and copper is feasible without the use of cyanide, and clean marketable concentrates can be made from the tested sample. Ore sorting was also successful in rejecting waste from the mineralized rock. Mr. Alistair Ross, President and CEO commented, “The characterization testing program has demonstrated a number of important positive factors. First, the mill chemistry regime currently being considered for Tower and Rail works well on the Bur sample. A relatively simple piping change to switch the copper and zinc circuits to account for the change in volume between the two metals is all that seems to be required. In addition, ore sorting has shown the ability to significantly upgrade the mined ore by rejecting the waste rock from the mined tonnage. Results of ore sorting indicate up to 25% mass rejection to a waste stream that will be placed underground.
RJK Explorations – RJX.A ($.19) – $.16 – announce that the Company has intersected kimberlite in six additional drill holes in the Paradis Pond/Goodwin Lake area of the Bishop Property, extending the NW to SE trend to over 985 m, establishing a new E-W drill fence over 380 m. The uniform kimberlite along the NW to SE drill fence from holes PP-20-09 to PP-20-16 visually corresponds to RJK’s reported kimberlite from Paradis Pond in 2019 that returned 18 microdiamonds, varying in colour, from a 22.4 kg sample and kimberlite intersects from PP-20-01 to PP-20-10 (news releases April 1, 2020, August 31, 2020, and September 29, respectively). An E-W fence, represented by holes 9, 10, 11 and 12, covers a distance of 380 m. The kimberlite varies between 1.1 m to 23.5 m in true thickness, beginning as shallow as 2.5 m from surface, and appears to thicken to the southwest towards the Goodwin Lake Basin. 16 holes from 2020 in the Paradis kimberlite are unconformably draped on top of granite/diabase bedrock surfaces.
Royal Road Minerals – RYR ($.39) – $.31 – announced drilling results and provided an exploration update for its Guintär-Niverengo and Margaritas (GNM) gold project in Antioquia, Colombia. The GNM project area comprises two contiguous concession contracts and one title application area located in the Anza mining district, approximately 50 Km west of Medellin. Royal Road has completed an initial 1179m diamond drilling program focused on the Niverengo title area. Drilling intersected skarn-style mineralization hosted primarily in folded calc-silicate sedimentary rocks and crosscutting east-west oriented pyrrhotite vein and breccia bodies with elevated gold, silver and copper.
Scottie Resources – SCOT ($.185) – $.34 – reported on the first assays of the 2020 drill program, including a high-grade intercept on the Scottie Gold Mine O-Zone of 109.4 g/t gold and 32.4 g/t silver over 2.53 metres. The Scottie Gold Mine, which operated from 1981 to 1985, milled vein material averaging 16.2 grams per tonne gold, producing 95,426 ounces of gold from 183,147 tonnes of mineralization. Previous exploration work has indicated 13 different gold-bearing veins on the Scottie Gold project. During the 2020 field season, Scottie completed a total of 7040 metres of diamond drilling – assays for 38 holes are currently pending, and subsequent drill hole results will be released in batches as they become available.
Superior Gold – SGI ($.61) – $.61 – 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) – .11 – 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) – $.105 – announced additional positive drill results from the Stardust project that include high-grade mineralization returned from an open area within the established 900 metre plunge-length corridor of high-grade copper-gold mineralization. The 100% owned Stardust project is located in northcentral British Columbia. Drill hole DDH20-SD-466 was drilled into an area near historic drill hole LD2002-09 which was significantly enriched in gold relative to copper. The mineralization returned was more conventional regarding metals ratios with similar value in copper and gold, but remains a strong high-grade intercept in an area that is much closer to surface than other recently reported intercepts.
TAG Oil – TAO ($.05) – $.195 – reported the filing of its second quarter results for the interim period ending September 30, 2020. Highlights over the period include: at September 30, 2020, the Company had C$15.1 million (June 30, 2020: C$15.0 million) in cash and cash equivalents and C$17.6 million (June 30, 2020: C$17.4 million) in working capital. The Company has no debt; capital expenditures totaled C$0.05 million for the quarter ended September 30, 2020, compared to C$0.10 million for the quarter ended June 30, 2020. Most of the expenditures during the quarter related to the ATP 2037/2038 seismic acquisition program for 2021.
Theralase Technology – TLT ($.18) – $.16 – announced that its PDC technology has demonstrated a high kill rate in a preclinical analysis of coronavirus, Biological Safety Level (“BSL-2”). Theralase previously reported that the Company’s PDC technology was effective in the destruction of Influenza H1N1 and Zika viruses at low nanomolar concentrations. These studies were expanded to include coronavirus (BSL-2).
American Pacific Mining – USGD ($.155) – $.185 – 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) – $.275 – announced that drilling is now underway at the Hecla-Kilmer copper-gold breccia target in northwestern Ontario. Hecla-Kilmer is a polyphase alkaline intrusive complex with carbonatite 4 – 6 km across, emplaced along the western margin of the crustal-scale Kapuskasing structural zone which bisects the Archean Superior Craton in northern Ontario. The property has been expanded significantly since the recent property acquisition, and now covers the entire carbonatite complex.
Group Eleven – ZNG ($.05) – $.07 – announced the results from regional drilling at the Company’s 100%-interest PG West zinc project in the Republic of Ireland. The Company also notes that drilling at the Carrickittle prospect at PG West is proceeding on schedule and results are expected over the coming weeks. Five holes (totalling 1,053 metres) were completed on early-stage regional targets at PG West, with the last holes finished in September 2020; drilling was done in part to fulfil licence expenditure requirements, but also to grow the Company’s pipeline of refined prospects across the Limerick Basin; three prospects have been significantly advanced by the latest round of drilling
OIL & GAS STOCKS
ALL HAVE BEEN Severely depressed, wHICH ONES WILL RECOVER?
Stock – Current Stock Price – Dividend Yld
BIRCHCLIFF ENERGY – BIR – $1.98 1% DIV
KELT EXPLORATIONS – KEL – $1.74
MEG ENERGY – MEG – $3.34
NUVISTA ENERGY – NVA – $.85
TORQ OIL & GAS – TOG – $1.90
TAMARACK VALLEY – TVE – $.91
WHITECAP RESOURCES – WCP ($5.55) – $3.42 5% Div
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