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) – $1.41 – provided the results of a CIM compliant Mineral Resource estimate for the Challacollo silver-gold project, in Region 1 of northern Chile. Further details supporting the geological model, estimation procedure, sampling and metallurgical testwork will be available in a NI 43-101 technical report.
ArcPacific Resources – ACP ($.08) – $.09 – announced it has completed a detailed light detection and ranging (“LIDAR”) survey over the historic Rickard Gold Mine which is now fully contained within the Company’s 100% owned Rickard Gold Mine Property (the “Property”) located within the Timmins Gold Camp, Ontario, Canada. The Company is also pleased to announce that it has further expanded the Property’s land package size by 275%, bringing its total land mass to 56.65 square kilometres or 5,656 hectares
Adamera Minerals – ADZ ($.04) – $.10 – 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) – $6.40 – presented key findings from ongoing metallurgical test work conducted that further support the upcoming Definitive Feasibility Study for the company’s Blackwater Gold Project in Central British Columbia, Canada. This latest campaign of test work continues to support the 93% life-of-mine gold recovery that was applied in the recently completed Pre-Feasibility Study dated August 26, 2020 entitled “Blackwater Gold Project British Columbia NI 43-101 Technical Report on Pre-Feasibility Study” filed on SEDAR by Artemis on September 18, 2020.
Aston Minerals (formerly European Cobalt) – ASO.AX – (A$.049) – A$.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$10M has been spent to date on primarily geophysical and drilling activities across the Edleston Project by 55 North Mining Inc (formerly SGX Resources Inc). Due to the lack of outcrop at surface, exploration has largely been driven by a combination of detailed magnetics to define the structural and lithological framework.
1911 Gold – AUMB ($.26) – $.51 – announced the recommencement of the Phase II exploration drilling program on its Rice Lake properties and the restart of tailings reprocessing operations at the True North complex in Bissett, Manitoba. As previously announced, the Company temporarily suspended all operations on November 4, 2020 in response to positive COVID-19 test results for two employees who attended the True North site between October 27 and October 31, 2020.
Condor Resources – CN ($.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) – $1.94 – announced excellent results from metallurgical testing on its 100% owned Crawford Nickel-Cobalt Sulphide project. This first phase of metallurgical testing was designed to confirm initial flowsheet design, which uses a typical nickel sulphide ultramafic flowsheet of two stages of grind-deslime-float with magnetic separation to support recovery of magnetic minerals. Subsequent testing during 2021 will continue to optimize various flowsheet parameters towards a final flowsheet for the feasibility study expected by year-end 2021.
Dore Copper – DCMC ($.85) – $1.00 – announced that it has closed an initial tranche of its previously announced non-brokered private placement, pursuant to which the Corporation sold an aggregate of 5,800,378 common shares in the capital of the Corporation at a price of C$0.68 per Offered Share for aggregate gross proceeds of C$3,944,257.04. A second tranche of the Offering is expected to close in January.
Dios Exploration – DOS ($.095) – $.10 – completed six drill holes totaling 1761 meters testing 3 different geophysical targets (PP1, PP2, PP5) over a 500m by 1.5 km sector in non-outcropping WI-TARGET area. Many mineralized altered zones were observed in the core. Part of core samples is already sent for gold assaying in Val d’Or ALS. two more holes are planned on PP5 and two more on ATTILA target located 7km east.
Dolly Varden – DV ($.275) – $.92 – announced the acquisition of surface rights and fee simple lands within the community of Alice Arm located on the Pacific Ocean in Northwest BC, in support of exploration infrastructure. The town of Alice Arm was originally developed in the early 1900’s to support silver mining in the area.
Cartier Resources – ECR ($.15) – $.31 – announced the results of the mineral resource estimate of the Pusticamica Gold Deposit of the Benoist Property, located 65 km northeast of Lebel-sur-Quévillon in the province of Québec. The estimate, completed and made available on December 16, 2020, was carried out by Ms. Christine Beausoleil P. Geo. and Claude Savard P. Geo. of InnovExplo Inc., independent qualified persons within the meaning of NI 43-101. “The Pusticamica deposit has the characteristics required for bulk tonnage approach as evidenced, among other things, by the geometry of the deposit, the polymetallic mineralization and the first results of the property’s resource estimate”, commented Philippe Cloutier, President and CEO.
FenixOro Gold – FENX ($.245) – $.37 – announced additional high grade intercepts and the discovery of new, previously unknown gold bearing veins at the early stage Abriaqui Project in Antioquia State, Colombia. These assays represent additional results from hole P001001 and preliminary results from holes P002001, P003002 and P004002. Highlights include: A total of nine veins were intersected in P001001 with previously unreported intercepts including: 1.30 meters at 28.18 g/t gold from 381.7 meter depth including 0.50 meters at 71.9 g/t gold and 60.2 g/t silver; Ten additional veins intersected in holes 002-004 with grades up to 18.55 g/t gold. Four additional zones 7 meters to 10 meters thick intersected lower grade gold.
Fremont Gold – FRE – ($.07) – $.075 – announced that Mac Jackson, the former Chief Geologist of Gold Standard Ventures Corp., has joined the Company’s advisory board. Mr. Jackson directed the technical work at Gold Standard’s Railroad-Pinion project, which resulted in several new discoveries, including the Dark Star deposit.
Angus Gold – GUS ($.80) – $.80 – 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$.595 – identified a broad epizonal gold-antimony mineralised system, at its South Muckleford Project that is similar to that seen at the nearby Fosterville and Corsterfield deposits in Central Victoria.
Minera Alamos – MAI ($.66) – $.68 – announced that it has filed on SEDAR the results of the independent Technical Report and estimate of the Mineral Resources for the Cerro de Oro Project in Zacatecas, Mexico. The results of the resource estimate were previously discussed in the Company’s news release dated November 17th, 2020 and the report is effective as of November 16th, 2020
Metals X – MLX (Australia) (A$.076) – A$.14 – announced that it, along with its wholly owned subsidiary, Paterson Copper Pty Ltd, has entered into a binding terms sheet with Capircorn Copper Holdings Pty Ltd and its parent entity, EMR Capital Investment (No6B) Pte Ltd, detailing the material terms and timing for payment of the A$10 million Conditional Copper Price Payment pursuant to the Mt Gordon Sale Agreement for the now-named Capricorn Copper Mine *Spot price of tin AUS $26,716/t – +AUS $152/t
Northisle Copper and Gold – NCX ($.12) – $.28 – announced that it has retained PI Financial Corp. to provide market making services in accordance with TSX Venture Exchange policies. PI will trade the securities of Northisle on the TSX-V for the purposes of maintaining an orderly market. In consideration of the services provided by PI, the Company will pay PI a monthly cash fee of $4,000 for a minimum term of three months, commencing January 1, 2021, and renewable thereafter. Northisle and PI are unrelated and unaffiliated entities. PI will not receive shares or options as compensation. The capital used for market making will be provided by PI. Northisle also announced the issuance of 1,390,000 stock options to purchase an aggregate of 1,390,000 shares of the Company at an exercise price of $0.28 per share, which is the closing price for the Company’s shares on the TSX-V as of December 30, 2020. The options have a 5 year term and vest one third per year commencing on December 29, 2020.
Precipitate Gold – PRG ($.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) – $.23 – provided four additional drill results from the 19-hole summer and fall diamond drilling program at La Pointe Extension on the Sakami Project in Quebec’s Eeyou Istchee James Bay territory. The program aimed to expand and define the 600 m strike length of mineralization discovered during the 2020 winter campaign at la Pointe Extension. A total of 4,912 m in 19 holes were completed during this campaign. Results from five holes are pending. A new high grade zone was intersected in hole PT-20-173 located 110 m northwest of the interpreted La Pointe Extension discovery (see press release dated April 21, 2020). The zone is in a metric-size felsic intrusive dyke hosted in amphibolite. The gold-bearing rock contains traces of pyrite and molybdenite with moderate silica and sericite alteration. The continuity of this mineralization remains unknown and will be investigated in 2021.
Rockcliff – RCLF ($.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) – $.25 – announced the Company has contracted a reverse circulation (RC) drill for its Bishop kimberlite properties, scheduled to begin January 4, 2021, pending any restrictions due to COVID-19. RC Drilling can be used for both initial exploration of potential kimberlite targets and diamond sampling, thus reducing RJK’s overall discovery costs moving forward. Previous small-diameter drilling was meant to discover kimberlites and determine potential for diamonds, however, overall recovery of the kimberlite material was poor due to the soft nature of the Bishop kimberlites. RJK’s RC drill program is likely to recover 100% of the unconsolidated kimberlite material, in a faster, more cost-effective manner, while also being easier to maneuver around the property in the winter.
Royal Road Minerals – RYR ($.39) – $.34 – 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) – $.305 – announced the successful completion of the Phase I exploration program at the Virginia Silver Project in Santa Cruz province, Argentina. Mirasol Resources Ltd. is the operator of Virginia pursuant to the Company’s option to purchase agreement with Mirasol. The Phase I drilling program comprised a total of 2,831 meters in 18 diamond drill holes, which was 331 meters more than originally planned.
Scottie Resources – SCOT ($.185) – $.33 – reported new assay results for the Blueberry Zone, including the discovery of a new mineralization trend that runs oblique to the historic Blueberry Vein target. Intersection of multiple high-grade intervals along strike (including 22.3 g/t gold over 6.1 m), define an intensely mineralized gold trend oriented north-south. This new target remains open along strike and depth, with numerous high-grade grab samples delineating a zone that exceeds 800 metres in strike length. The Blueberry Zone is located on the Granduc Road, 2 km north-northeast of the past-producing high-grade Scottie Gold Mine.
Spruce Ridge – SHL ($.06) – .135 – announced assay results of a second hole – GB20-20 – of the recently completed 3,100-metre infill drilling program of the Great Burnt Main Zone copper deposit on the wholly-owned Great Burnt project in central Newfoundland. Hole GB20-20, like hole GB20-05 (see news release of December 21st), was selected for rush assaying because of the presence of massive to semi-massive chalcopyrite. The averages for GB20-20 are: 22.75 metres of 6.89% Cu, 0.79% Zn and 0.05 g/t Au, including 12.55 metres of 10.59% Cu, 1.27% Zn and 0.07 g/t Au, which in turn included 1.50 metres of 18.15% Cu, 1.98% Zn and 0.04 g/t Au. The GB20-20 intercept is 187 metres north and 108 metres higher than the previously reported intercept in hole GB20-05.
TAG Oil – TAO ($.05) – $.26 – 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) – $.175 – 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) – $.31 – provided a year-end update for a busy year of exploration in the field at the Company’s Reveille silver-copper property located along the eastern margin of the Walker Lane mineral belt in west-central Nevada. A total of 166 soil samples and 63 rock samples have been collected specifically over the western flank of the Reveille range during the last three weeks.
Yorbeau Resources – YRB ($.045) – $.05 – provided an update of the current diamond drilling program at its Lemoine project in the Chibougamau area of Quebec. To date, one pilot hole (LEM-66) and one wedge-cut (LEM-66W2) for 2,085 metres were drilled to test the target #1. Hole LEM-66 intercepted a gabbro dyke where the stratigraphic Lemoine horizon was interpreted and the downhole geophysical survey indicates that the conductor was missed by less than 20 metres. The follow-up drill hole (LEM-66W2) hit the modelled geophysical conductor located along the Lemoine horizon. In the conductor area, hole LEM-66W2 intercepted a bedded cherty felsic tuff of 0.7 metres containing 3% of pyrrotite and 1% of chalcopyrite and sphalerite.
Group Eleven – ZNG ($.05) – $.09 – announced the closing of the first tranche of a non-brokered private placement through the issuance of 11,584,615 shares to Michael Gentile, CFA, at a subscription price of $0.065 per share for aggregate gross proceeds to the Company of $753,000. This strategic investment in Group Eleven by Mr. Gentile increases his ownership in the Company to 19.90% on a partially diluted basis, upon completion of the Offering.
OIL & GAS STOCKS
some have bounced up recently, going still higher?
Stock – Current Stock Price – Dividend Yld
BIRCHCLIFF ENERGY – BIR – $1.77 1.1% DIV
CRESCENT POINT – CPG – $2.97 .34% DIV
KELT EXPLORATIONS – KEL – $1.80
MEG ENERGY – MEG – $4.45
NUVISTA ENERGY – NVA – $.94
TORQ OIL & GAS – TOG – $2.73
TAMARACK VALLEY – TVE – $1.27
WHITECAP RESOURCES – WCP – $4.86 3.5% Div
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