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 TFSA Letter Listed Stocks will be updated weekly…. Daily updates or news will be made on Twitter – @LetterTfsa
***ALERT – Where current stock price is shown in blue, stock has had a significant run since being listed and could be sold by TFSA Letter***
Stocks (Stock Price When Listed) Current Stock Price Update
Aftermath Silver – AAG ($.285) – $1.33 – provided the results of a CIM compliant Mineral Resource estimate for the Challacollo silver-gold project, in Region 1 of northern Chile. Further details supporting the geological model, estimation procedure, sampling and metallurgical testwork will be available in a NI 43-101 technical report.
ArcPacific Resources – ACP ($.08) – $.095 – announced it has completed a detailed light detection and ranging (“LIDAR”) survey over the historic Rickard Gold Mine which is now fully contained within the Company’s 100% owned Rickard Gold Mine Property (the “Property”) located within the Timmins Gold Camp, Ontario, Canada. The Company is also pleased to announce that it has further expanded the Property’s land package size by 275%, bringing its total land mass to 56.65 square kilometres or 5,656 hectares
Adamera Minerals – ADZ ($.04) – $.09 – reported that mapping and prospecting is identifying multiple areas of interest on the 100% owned Buckhorn 2.0 gold project in Washington State. A significant area of interest is the Keystone target (reported December 1, 2020). Another site is the historic Magnetic Mine area where Adamera rock samples have yielded some high copper, silver, bismuth, and tungsten values along with modest to anomalous gold values up to 1.4 g/t over a broad area of skarn that extends laterally for as much as 700 metres.
Artemis Gold – ARTG ($5.55) – $6.10 – presented key findings from ongoing metallurgical test work conducted that further support the upcoming Definitive Feasibility Study for the company’s Blackwater Gold Project in Central British Columbia, Canada. This latest campaign of test work continues to support the 93% life-of-mine gold recovery that was applied in the recently completed Pre-Feasibility Study dated August 26, 2020 entitled “Blackwater Gold Project British Columbia NI 43-101 Technical Report on Pre-Feasibility Study” filed on SEDAR by Artemis on September 18, 2020.
Aston Minerals (formerly European Cobalt) – ASO.AX – (A$.049) – A$.037 – 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$10M has been spent to date on primarily geophysical and drilling activities across the Edleston Project by 55 North Mining Inc (formerly SGX Resources Inc). Due to the lack of outcrop at surface, exploration has largely been driven by a combination of detailed magnetics to define the structural and lithological framework.
1911 Gold – AUMB ($.26) – $.58 – announced the recommencement of the Phase II exploration drilling program on its Rice Lake properties and the restart of tailings reprocessing operations at the True North complex in Bissett, Manitoba. As previously announced, the Company temporarily suspended all operations on November 4, 2020 in response to positive COVID-19 test results for two employees who attended the True North site between October 27 and October 31, 2020.
Condor Resources – CN ($.165) – $.22 – announced that Condor and Chakana Copper Corp. have agreed to a four month extension to the April 2017 agreement between their respective Peruvian subsidiaries. Under the original agreement, the final payment of US$4.625m by Chakana to Condor is due December 23, 2021. By mutual agreement, US$200,000 will be due by December 23, 2021, with the balance of US$4.425m due on or before April 23, 2022. Interim payments of US$150,000 (due December 2020) and US$200,000 (due June 2021) remain unchanged. In addition, Chakana has agreed that COVID-19 will not constitute a force majeure condition under the April 2017 agreement.
Canada Nickel – CNC ($.51) – $2.00 – announced its fourth new discovery – North Zone, at its Crawford Nickel-Cobalt Sulphide project, from the first two drill holes. The assays from the North Zone are pending. “This is another excellent discovery – a sizeable anomaly with significant scale potential and further confirmation of our geophysical model which we will be applying to the recently completed geophysics programs on our option properties.” said Mark Selby, Chair and CEO of Canada Nickel. “The first two drill holes were spotted based on the same coincidental geophysical signatures as we saw at the Main Zone and have delivered moderately mineralized dunite similar to average grade portions of the Main Zone. I look forward to seeing these assay results and further exploration results from the three drills at the property, as we continue to unlock the potential at Crawford and prepare to test the exploration potential of our option properties.”
Dore Copper – DCMC ($.85) – $.98 – announced that it has increased the size of its previously announced non-brokered private placement to up to 8,800,000 common shares in the capital of the Corporation at a price of C$0.68 per Offered Share, for aggregate gross proceeds of up to C$5,984,000. The Corporation intends to use the net proceeds from the Upsized Offering to fund project milestone payments, exploration and development activities, and general working capital expenses.
Dios Exploration – DOS ($.095) – $.105 – completed six drill holes totaling 1761 meters testing 3 different geophysical targets (PP1, PP2, PP5) over a 500m by 1.5 km sector in non-outcropping WI-TARGET area. Many mineralized altered zones were observed in the core. Part of core samples is already sent for gold assaying in Val d’Or ALS. two more holes are planned on PP5 and two more on ATTILA target located 7km east.
Dolly Varden – DV ($.275) – $.86 – announced the acquisition of surface rights and fee simple lands within the community of Alice Arm located on the Pacific Ocean in Northwest BC, in support of exploration infrastructure. The town of Alice Arm was originally developed in the early 1900’s to support silver mining in the area.
Cartier Resources – ECR ($.15) – $.255 – announced the results of the mineral resource estimate of the Pusticamica Gold Deposit of the Benoist Property, located 65 km northeast of Lebel-sur-Quévillon in the province of Québec. The estimate, completed and made available on December 16, 2020, was carried out by Ms. Christine Beausoleil P. Geo. and Claude Savard P. Geo. of InnovExplo Inc., independent qualified persons within the meaning of NI 43-101. “The Pusticamica deposit has the characteristics required for bulk tonnage approach as evidenced, among other things, by the geometry of the deposit, the polymetallic mineralization and the first results of the property’s resource estimate”, commented Philippe Cloutier, President and CEO.
FenixOro Gold – FENX ($.245) – $.36 – announced additional high grade intercepts and the discovery of new, previously unknown gold bearing veins at the early stage Abriaqui Project in Antioquia State, Colombia. These assays represent additional results from hole P001001 and preliminary results from holes P002001, P003002 and P004002. Highlights include: A total of nine veins were intersected in P001001 with previously unreported intercepts including: 1.30 meters at 28.18 g/t gold from 381.7 meter depth including 0.50 meters at 71.9 g/t gold and 60.2 g/t silver; Ten additional veins intersected in holes 002-004 with grades up to 18.55 g/t gold. Four additional zones 7 meters to 10 meters thick intersected lower grade gold.
Fremont Gold – FRE – ($.07) – $.07 – announced that Mac Jackson, the former Chief Geologist of Gold Standard Ventures Corp., has joined the Company’s advisory board. Mr. Jackson directed the technical work at Gold Standard’s Railroad-Pinion project, which resulted in several new discoveries, including the Dark Star deposit.
Angus Gold – GUS ($.80) – $.65 – announced that it has completed the acquisition of the Macassa Creek, Mishi Lake and Abbie Lake Properties from Argo Gold Inc. previously announced in the Company’s November 16, 2020 news release. Under the terms of the purchase agreement, Argo received a cash payment of $100,000 and 800,000 common shares of Angus in exchange for 100% ownership in the Properties.
Kalamazoo – KZR (Australia) – (A$.79) – A$.525 – identified a broad epizonal gold-antimony mineralised system, at its South Muckleford Project that is similar to that seen at the nearby Fosterville and Corsterfield deposits in Central Victoria.
Minera Alamos – MAI ($.66) – $.69 – announced that it is in receipt of the complete MIA/ETJ (Manifestacion de Impacto Ambiental/Estudio Tecnico Justificativo or “Environmental Impact Statement”) approval documentation from the Federal Agency (Secretaria de Medio Ambiente y Recursos Naturales – SEMARNAT), for the Company’s La Fortuna gold project (“Fortuna”) in Durango, Mexico. Together with the previously announced change of land use notification, the Company possesses all the key federal approvals necessary for the construction of a commercial scale mine and associated processing facilities at the Fortuna project site.
Metals X – MLX (Australia) (A$.076) – A$.125 – 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. *Spot price of tin currently AUS $26,564/t – +AUS $363/t
Northisle Copper and Gold – NCX ($.12) – $.24 – provided a corporate update including progress on its ongoing Preliminary Economic Assessment on the 100% owned Red Dog and Hushamu deposits at the Company’s North Island Project. The 2021 PEA will provide an update to the previously published study on the North Island Project, titled “North Island Copper and Gold Project, NI43-101 Technical Report, Preliminary Economic Assessment” and dated October 24, 2017
Precipitate Gold – PRG ($.125) – $.24 – announced that Barrick Gold Corporation has mobilized two drill rigs to the Company’s Pueblo Grande Project to commence an initial phase of exploration drilling. Barrick has also provided Precipitate an update on exploration activities conducted to date as part of its earn-in agreement whereby Barrick has the right to earn a 70% interest in the Company’s Pueblo Grande Project located immediately adjacent to Barrick’s world-class Pueblo Viejo gold-silver mine in the Dominican Republic. Barrick has advised Precipitate that it will initiate a first phase exploration drilling program of up to 3,750 metres in 12 to 15 holes testing targets within the area the Company delineated as the “Lithocap Zone”, located immediately west and northwest of Barrick’s Pueblo Viejo mine.
Quebec Precious Metals – QPM ($.25) – $.22 – provided four additional drill results from the 19-hole summer and fall diamond drilling program at La Pointe Extension on the Sakami Project in Quebec’s Eeyou Istchee James Bay territory. The program aimed to expand and define the 600 m strike length of mineralization discovered during the 2020 winter campaign at la Pointe Extension. A total of 4,912 m in 19 holes were completed during this campaign. Results from five holes are pending. A new high grade zone was intersected in hole PT-20-173 located 110 m northwest of the interpreted La Pointe Extension discovery (see press release dated April 21, 2020). The zone is in a metric-size felsic intrusive dyke hosted in amphibolite. The gold-bearing rock contains traces of pyrite and molybdenite with moderate silica and sericite alteration. The continuity of this mineralization remains unknown and will be investigated in 2021.
Rockcliff – RCLF ($.07) – $.07 – announced the results of a Preliminary Economic Assessment for the Company’s 100% owned Tower and Rail Project, located in the Flin Flon-Snow Lake Greenstone Belt in the Snow Lake area of central Manitoba. The PEA indicates the Project has the potential to generate positive economic returns through its extremely low capital intensity and low operating costs, validating the development strategy pursued by the Company.
RJK Explorations – RJX.A ($.19) – $.27 – announced the diamond and indicator results from work completed at CF Mineral Research Ltd (CFM), Kelowna, BC., an ISO 9001:2015 certified and 17025:2005 compliant laboratory. CFM carried out attrition milling, heavy mineral processing, picking and electron microprobe analysis to identify and probe for diamond indicator minerals and caustic fusion for microdiamond analysis from three sample batches totalling 165 kilograms recovered from four drill holes. Dr. Charles Fipke commented, “The Paradis kimberlite our lab tested has indicator mineral chemistry that appears to me to be similar to that found at the Letšeng diamond mine in Lesotho, Africa. RJK will be sending CFM additional material from the larger 4-ton sample currently being processed in Thunder Bay which may give me a better indication of its chemistry.”
Royal Road Minerals – RYR ($.39) – $.36 – announced that it has entered into a binding letter of intent with Mineros S.A., pursuant to which the Company has agreed to sell to Mineros its entire 50% interest in the Luna Roja Project, comprising the Monte Carmelo I and Monte Carmelo II mining concessions, in Nicaragua. 1. Purchase Price – Mineros will pay to the Company a purchase price of (i) US$22.5 million payable in cash on the closing of the proposed transaction, plus (ii) a 1.25% net smelter royalty on all future mineral production from the Monte Carmelo I and Monte Carmelo II mining concessions commencing from the first production therefrom. 2. Expenditure Commitment – The Company will invest no less than US$7.5 million over a five-year period in exploration operations on the strategic alliance properties in Nicaragua.
Silver Sands – SAND ($.28) – announced the successful completion of the Phase I exploration program at the Virginia Silver Project in Santa Cruz province, Argentina. Mirasol Resources Ltd. is the operator of Virginia pursuant to the Company’s option to purchase agreement with Mirasol. The Phase I drilling program comprised a total of 2,831 meters in 18 diamond drill holes, which was 331 meters more than originally planned.
Scottie Resources – SCOT ($.185) – $.35 – reported new assay results for the Blueberry Zone, including the discovery of a new mineralization trend that runs oblique to the historic Blueberry Vein target. Intersection of multiple high-grade intervals along strike (including 22.3 g/t gold over 6.1 m), define an intensely mineralized gold trend oriented north-south. This new target remains open along strike and depth, with numerous high-grade grab samples delineating a zone that exceeds 800 metres in strike length. The Blueberry Zone is located on the Granduc Road, 2 km north-northeast of the past-producing high-grade Scottie Gold Mine.
Spruce Ridge – SHL ($.06) – .105 – announced the completion of a 22-hole, 3100-metre program of infill diamond drilling on its wholly-owned Great Burnt copper deposit in central Newfoundland. Core from drill hole GB20-05 was selected for assaying on a priority basis because it included sections of unusually high grade copper mineralization. The hole intersected 27.2 metres averaging 8.02% Cu, including 7.75 metres of 16.88% Cu, which in turn included 2.0 metres of 21.25% Cu.
TAG Oil – TAO ($.05) – $.24 – 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$0.10 million for the quarter ended June 30, 2020. Most of the expenditures during the quarter related to the ATP 2037/2038 seismic acquisition program for 2021.
American Pacific Mining – USGD ($.155) – $.17 – 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) – $.345 – provided a year-end update for a busy year of exploration in the field at the Company’s Reveille silver-copper property located along the eastern margin of the Walker Lane mineral belt in west-central Nevada. A total of 166 soil samples and 63 rock samples have been collected specifically over the western flank of the Reveille range during the last three weeks.
Yorbeau Resources – YRB ($.045) – $.05 – announced that in order to maintain its option to purchase a 100% interest in the Rouyn property, IAMGOLD Corporation has made the next option cash payment to Yorbeau in the amount of $500,000 corresponding to the third in a series of scheduled cash payments to be made to Yorbeau during an Expenditure Period of 48 months.
Group Eleven – ZNG ($.05) – $.06 – announced results from Phase 1 follow-up drilling at the Carrickittle zinc prospect at the Company’s 100%-interest PG West project in the Republic of Ireland. Top three zinc-lead intersections from follow-up drilling at Carrickittle are as follows: 7.20 metres of 23.9% zinc, 6.6% lead (30.5% combined), 108 g/t silver and 0.12% copper, including 5.20 metres of 32.2% zinc, 8.7% lead (40.9% combined), 144 g/t silver and 0.13% copper in G11-2840-09, including massive sulphide (true width is approximately 60%); 5.35 metres of 12.3% zinc, 2.6% lead (14.9% combined), 32 g/t silver in G11-2840-10, including massive sulphides (true width is approximately 80%); 3.00 meters of 4.8% zinc and 6.0% lead (10.8% combined), 35 g/t silver in G11-2840-12, including massive sulphides (true width is approximately 100%); high silver values were also intersected with 1.00 metres of 736 g/t silver in G11-2840-11 (true width is approximately 100%)
OIL & GAS STOCKS
some have bounced up recently, going still higher?
Stock – Current Stock Price – Dividend Yld
BIRCHCLIFF ENERGY – BIR – $1.84 1% DIV
CRESCENT POINT – CPG – $3.10 .3% DIV
KELT EXPLORATIONS – KEL – $2.05
MEG ENERGY – MEG – $4.60
NUVISTA ENERGY – NVA – $.97
TORQ OIL & GAS – TOG – $2.72
TAMARACK VALLEY – TVE – $1.36
WHITECAP RESOURCES – WCP – $4.84 3.5% Div
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