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***
*Average Performance of Stocks in 2020 TFSA Stock List*
NOTE: Have added the – or + change in the stock price since last week’s price
Stocks (Stock Price When Listed) Current Stock Price Update
Aftermath Silver – AAG ($.285) – $.98 (-$24) – filed a technical report on the Berenguela Silver-Copper Project, located in Peru pursuant to National Instrument 43-101 Standards of Disclosure for Mineral Projects (“NI 43-101”) under the Company’s profile on SEDAR. In its news release dated July 27, 2020 the Company announced the entering into a binding letter of intent with SSR Mining Inc. to purchase 100% of Berenguela. The Berenguela Technical Report, titled “Berenguela Silver-Copper-Manganese Property Update” has an effective date of February 18, 2021 and was prepared by AMC Mining Consultants (Canada) Ltd. and Ausenco Engineering Canada Inc. The “qualified persons” for the Berenguela Technical Report are JM Shannon, P. Geo., MA Batelochi, MAusIMM (CP), and GS Lane, FAusIMM. The Berenguela Technical Report presents the results of the details of land tenure, a summary of historic exploration work, descriptions of geology, metallurgical test work and analysis of Berenguela’s drill hole data base including an analysis of the quality control and drill results. The Berenguela Technical Report does not outline a mineral resource estimate or an economic study for Berenguela.
ArcPacific Resources – ACP ($.08) – $.08 (-$.01) – provided an update on the ongoing data analysis for its 100% owned 8,136 hectare Lucky Mike Silver Lode Project located adjacent to Canada’s largest producing copper mine in the prolific Quesnel Trough in southern British Columbia. The LMSL boasts excellent infrastructure and year round access. Identified multiple hydrothermal system centers in and surrounding the Project area, representing a possible “cluster” scenario; Observable temperature gradients in litho-geochemistry suggest tilted hydrothermal systems possibly explaining why previous drilling confined to high level part of the system; New geological model suggests largest hydrothermal center remains untested; Unusual combinations of Silver/Lead/Zinc in conjunction with Copper/Molybdenum in places suggests overprinting of events; Porphyry-epithermal signatures present, with unusual high silver values; Three main zones outlined on LMSL Project: Sunshine Area: silver-lead-zinc-copper-gold structurally controlled breccias and stockwork; Lucky Mike Area: copper-gold-molybdenum porphyry environment with proximal silver-lead-zinc-copper and tungsten skarns; Corona Area: high grade silver veins in possible chimney or skarn setting; Drilling permit and Induced Polarization (IP) permit application has now been submitted for potential 2021 program; New maps and full litho-geochemical interpretation and summaries are now available on the Company’s website on the LMSL
Adriatic Metals – ADT.AX (AUS$2.05) – AUS$2.10 (-AUS$.05) – announced that it has completed the acquisition of the entire issued share capital of RAS Metals d.o.o (“RAS Metals”) under an agreement held by Tethyan Resource Corp, a wholly owned subsidiary of the Company. The RAS Metals assets include the exploration licences for both Kizevak and Sastavci (together, the “Raska Project”). The consideration paid for the remaining 90% of the shares in RAS Metals that the Company did not already hold was EUR 1,365,000 in cash plus the allotment of 166,000 Ordinary shares of 0.013355p each in the Company.
Adamera Minerals – ADZ ($.04) – $.085 (-$.005) – announced a non-brokered private placement of 15 million units at a price of $0.10 per unit for aggregate gross proceeds of up to $1,500,000. Each unit will consist of one common share and one-half of one common share purchase warrant. Each whole Warrant will be exercisable for one common share of the Company at a price of $0.15 for two year from the date of issuance. The warrants are subject to an accelerated expiry date, which comes into effect when the price of the Company’s common shares on the TSX Venture Exchange closes at a price of $0.25 or more per share during any ten consecutive trading day period, commencing four months plus one day after the date of issuance of the warrants. In such an event, the expiry date may be accelerated to a date that is 30 days after the Company’s shares trade for ten consecutive days at or above $0.25.
Artemis Gold – ARTG ($5.55) – $5.45 (+$.13) – provided an update on the site activities related to the advancement of the Blackwater Gold Project (“Blackwater” or the “Project”) in Central British Columbia. In support of the Definitive Feasibility Study (“DFS”) and in preparation for commencement of construction for Blackwater, Artemis has been conducting the following activities: 1) ore grade control drilling to refine the detailed grade schedule and mine plan for the first year of production; 2) metallurgical test work; 3) geotechnical drilling as part of site preparation work; 4) work advancing the guaranteed maximum price (“GMP”) proposals associated with the process plant and powerline; and 5) a B.C. Hydro study. The work program in the first six months of 2021 is on track to culminate with the completion of the DFS on Blackwater by mid 2021.
Aston Minerals (formerly European Cobalt) – ASO.AX – (A$.049) – A$.034 (-$.003) – the Company announced coarse visible gold as veinlets intersected in diamond drilling at Edleston in the third drill hole from 362m – Broader 12m interval contains extensive quartz veining with pyritepyrrhotite and occasionally visible gold – Core processing of interval expedited, and assay results expected in coming weeks. Current drilling focused on an area 200m along strike to the east of the main body of mineralisation defined at Edleston – ~1km of a total 10km strike length drill tested at Edleston to date. Drill targeting is based on the use of IP geophysics – validated targeting model. Three diamond drill holes for 1,320 m completed to date. Substantial alteration including quartz veining, pyrite-pyrrhotite intersected in all three drill holes which appears to correlate well with projected target intervals
1911 Gold – AUMB ($.26) – $.48 (-$.10) – reported results from the ongoing 18,000-metre Phase II Drilling Program on the 100% owned Rice Lake properties in Manitoba. This release includes nine first pass drill holes on new targets in the Bidou, Tinney, Poundmaker and Wanipigow East project areas, as well as four follow-up drill holes on the Janet target in the Bidou project area . To date, 51 drill holes, totalling 14,511 metres, have been completed in the Phase II Program, with assays now reported for the first 19 drill holes.
Bond Resources – BJB ($.16) – $.13 (-$.01) – announced a non-brokered private placement of $2,000,000 through the issuance of 16,666,667 units at a price of $0.12 per Unit, with a lead order from Palisades Goldcorp Ltd. Each Unit will be comprised of one common share and one common share purchase warrant, with each Warrant entitling the holder to purchase one common share of Bond at a price of $0.16 per share for a period of 5 years.
Condor Resources – CN ($.165) – $.235 (-$.025) – announced that it has concluded an agreement with Calipuy Resources Inc. whereby Calipuy will purchase Condor’s wholly owned Peruvian subsidiary, Minas Lucero del Sur S.A.C. MLDS is a sole purpose company, and the owner of the Lucero project located in the Arequipa Department of Peru. Consideration is US$3.5 million, payable over five years. Should the price of gold be over US$2,500/ounce at the time of the final payment, total consideration will increase to US$4.0 million; and should the price of gold be over $3,000/ounce at the time of the final payment, the total consideration will increase to US$6.0 million. Calipuy have the option to compress the payment schedule to three years, and in such event, the total consideration will be US$3.0 million. Condor has received the initial payment of US$90,000.
Canada Nickel – CNC ($.51) – $3.32 (-$.18) – announce further positive results from its latest metallurgical testing on its 100% owned Crawford Nickel-Cobalt Sulphide project. “These latest results demonstrated that a 20% increase in grind size resulted in no material change in recovery. For large scale, lower grade projects such as Crawford, this significant improvement in primary grind requirements reduces the amount of energy needed to grind each tonne of material by 15%, which would allow for both higher throughput and lower costs per tonne,” said Mark Selby, Chair & CEO. “While the Company is eager to publish our PEA as soon as possible, it is important we include these significant improvements as they contribute to the overall project economics. Therefore, we now intend to release the PEA by the end of April 2021. In addition, work on the Kidd Creek smaller start-up option for Crawford is progressing well – our review of related capital and operating costs were in line with our expectations.”
Core One Labs – COOL ($1.18) – $1.12 (-$.06) – announced that its wholly owned subsidiary Vocan Biotechnologies Inc. has entered into a term sheet with Vocan Brazil Biotechnologies Inc. for the licensing of its proprietary technology. Vocan Brazil is owned by Brazilian entrepreneur Mr. Marcelo Galvão, an arm’s length party. The Company has licensed its proprietary technology to make, use and sell biosynthetic psilocybin and all commercial products derived from such technology within the exclusive territory of Brazil. Vocan Brazil is a fully funded pharmaceutical company that intends to begin clinical trials with biosynthetic psilocybin once Core One Labs has filed its patent. The trials will be the first stage in bringing a psilocybin drug to market. Brazil has one of the most progressive set of laws on psychedelics, as they have been historically used as part of their culture.
Cornish Metals – CUSN ($.125) – $.18 – (-$.03) – announced the closing of the Company’s previously announced agreement in principle with Osisko Gold Royalties whereby Osisko has converted its C$7.17 million senior secured convertible note dated January 26, 2018 into: (i) a 1.5% Net Smelter Return royalty with respect to the South Crofty tin project, and; (ii) a 0.5% NSR royalty on other mineral rights held by the Company in Cornwall. In connection with the conversion of the 2018 Note, Osisko has agreed to release the security entered into by the Company and has agreed to enter into a more simplified and reduced security package with the Company. The reduced security package is restricted to the Company’s wholly owned subsidiary, Cornish Mineral Limited (Bermuda), which hold the Company’s mineral rights in Cornwall. *Spot price of tin AUS $34,525/t -AUS $3,839/t
Dore Copper – DCMC ($.85) – $.84 (-$.07) – announced its preparation plans for the dewatering of the former Joe Mann and Cedar Bay mines which closed in 2007 and 1990, respectively. The Company recently conducted water sampling tests down each shaft which returned positive results: The Cedar Bay mine ceased operations in 1990 after having produced 3.9 million tonnes (Mt) of ore grading 1.63% Cu and 3.21 g/t Au. Water was sampled down the shaft every 100 meters down to the deepest development level of 760 meters for a total of seven samples. Video inspection of the shaft indicated no deformation with rails intact and in place. The average pH was 6.52, mildly acidic or near neutral (pure water has a pH of 7.0). Heavy metals were low in concentration with many metals below detection limits. The characterization demonstrated the presence of dissolved solids that will also need to be considered in the selection of the water treatment system for dewatering. The Joe Mann mine ceased operation in 2007 after having produced 1.2 million ounces of gold (4.75 Mt of ore grading 8.26 g/t Au and 0.25% Cu). Water was sampled down the shaft every 100 meters down to the deepest development level of 1,150 meters for a total of 12 samples. Video inspection indicated that the shaft is in excellent condition. The average pH was 7.35, indicating a slightly basic water chemistry. Heavy metals were low in concentration with many metals below detection limits. Copper and zinc concentrations were below detection limits in the majority of the samples. The characterization also demonstrated the presence of dissolved solids in this shaft, which will have to be considered in the choice of the water treatment system.
Delic Holdings – DELC ($.64) – $.59 (-$.07) – a psychedelic wellness-focused company, is pleased to announce the acquisition of Homestead brand and intellectual property. Homestead is a legacy counterculture distributor of psychedelic media and creator of one of the first self-contained mushroom grow kits. Matt Stang, Founder and CEO of DELIC commented, “The acquisition of Homestead is an exciting one for us at DELIC. It shows how we are increasing accessibility to this nascent industry within regulated jurisdictions. Homestead not only sold tens of thousands of mushroom kits globally but also was one of the earliest distributors for High Times and many other counter culture publications. We look forward to growing together and increasing shareholder value with what we accomplish.” The Homestead acquisition will allow DELIC to increase its product offering on its website Reality Sandwich (realitysandwich.com), which most recently hit record average monthly traffic of over 200,000 unique visitors, and over 2.6 million active readers in 2020. Through Homestead’s extensive intellectual property and heritage brand, Delic anticipates to revive the at home EZ Grow experience targeted at the Reality Sandwich consumer. Including the EZ Grow product suite, DELIC intends to increase e-commerce sales and activity by offering other high demand products to our online viewers and consumers.
Dolly Varden – DV ($.275) – $.65 (-$.10) – announces the results of the remaining assays from the 2020 drill program from it’s 100% owned Property located near tidewater in northwest British Columbia. The work completed during the 2020 Exploration Program included infill and step-out drilling at Torbrit Deposit as well as regional mapping, surface sampling and exploration drilling: DV20-222: 310 g/t silver over 6.00 meters, including 1,083 g/t silver over 2.70 meters; DV20-244: 304 g/t silver over 45.82 meters, including 642 g/t silver over 4.00 meters; DV20-246: 306 g/t silver over 5.10 meters, including 1,290 g/t silver over 0.60 meter.
Cartier Resources – ECR ($.15) – $.295 (-$.005) – announced the execution of a binding letter of agreement with SOQUEM Inc. for the acquisition by Cartier of all the rights and interests of SOQUEM (i.e. 50%) in a group of 14 mining claims located 50 km southwest of Chapais. These claims are currently held under a 50-50 joint venture. The acquisition is made for a purchase price of $700,000 payable as follows: (a) an amount of $300,000 in cash and (b) an amount of $400,000 represented by the issuance of common shares of Cartier at a price per share equal to the volume weighted average price (VWAP) for a period of five (5) trading days prior to the closing date of the transaction.
FenixOro Gold – FENX ($.245) – $.31 (-$.08) – announced drill results from holes P005 and P006 from its recently completed 4029 meter Phase 1 diamond drilling program at the Abriaqui project in Colombia. Highlights include: Hole P006 intersected 7.7 meters at 8.46 g/t gold including 0.45 meters at 124.5 g/t beneath a strong soil anomaly. This is the highest individual assay received from the drilling to date. A second vein in P006 ran 0.75 meters at 14.45 g/t gold; Seven veins were intersected in P005 including 1.35 meters at 12.28 g/t gold. This intercept is the deepest to date at Abriaqui and it extends the proven vertical range of high-grade mineralization to more than 1200 meters; The deepest intersection in P005 demonstrates a previously unknown connection of mineralization to the intercept at the bottom of Hole P001. This mineralized trend, southwest of and parallel to the main Santa Teresa Vein, connects Holes 1 to 5 with a surface extension of at least 150 meters; The upper 60 meters of both holes had multiple open spaces representing previously unknown historical mining of closely spaced veins.
Fremont Gold – FRE – ($.07) – $.05 (-$.01) – announced that it has amended the terms of the option agreement relating to the Griffon gold project, a past-producing gold mine located at the southern end of the Cortez Trend in White Pine county, Nevada. In December 2019, Fremont entered into an option agreement with Pilot Gold (USA) Inc., a wholly owned subsidiary of Liberty Gold Corp., to acquire 100% of Griffon. Both Pilot and Liberty are arms length to the Company.
Angus Gold – GUS ($.80) – $.70 (-$.05) – announced a non-brokered private placement consisting of 2,800,000 flow-through shares of the Company at a price of C$1.00 per FT Share and 700,000 hard dollar shares of the Company at a price of C$0.71 per Hard Share for aggregate gross proceeds of C$3,297,000. The net proceeds from the Financing will be used to fund exploration on the Company’s projects in Ontario and for working capital purposes. The Company has agreed to incur and renounce in favour of the subscribers for the Flow-Through Shares “Canadian exploration expenses” in an amount equal to the subscription price for the Flow-Through Shares.
Highland Copper – HI ($.075) – $.10 (-$.01) – announced that the deadline to complete the acquisition of the White Pine North Project from Copper Range Company, a wholly owned subsidiary of First Quantum Minerals Ltd., was extended to March 31, 2021. The final closing of the acquisition is subject to a number of conditions, including, without limitation, a release of CRC from certain environmental obligations associated with the remediation and closure plan of the historical White Pine mine site and replacing the related environmental bond. The Company is advancing the various steps required for the closing and aims to complete the acquisition of the White Pine North Project by the end of January, contemporaneously with the exercise by Osisko Gold Royalties Ltd of its silver royalty option (see news releases of September 11, 2020 and November 2, 2020).
Kalamazoo – KZR.AX (Australia) – (A$.79) – A$.455 (+$.01) – announced a New Exploration Licence Application EL007323 (“Myrtle Gold Project”) has been submitted covering 44km2 of highly prospective goldfields geology located 15km to the north-east of Kalamazoo’s Castlemaine Gold Project. The Myrtle Gold Project is strategically located on the southern border of the North Central Victorian Goldfields’ Tender Block 4, which is adjacent to Kirkland Lake Gold’s world-class Fosterville Gold Mine. The addition of the Myrtle Gold Project now expands Kalamazoo’s Victorian exploration tenure in the
Bendigo Zone to approximately 515km2. The Myrtle Gold Project includes the prospective hanging-wall position of the major regional-scale Axe Creek Fault and is considered highly prospective for high-grade Fosterville-style mineralisation. Kalamazoo considers that the Myrtle Gold Project area is under-explored given it has not been subjected to any systematic modern exploration techniques and no known historical drilling.
Minera Alamos – MAI ($.66) – $.50 (-$.02)- 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.AX (Australia) (AUS$.076) – $AUS .185 (-$AUS .055) – 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 $34,525/t -AUS $3,839/t
Mydecine Innovations – MYCO ($.44) – $.39 (-$.07) – an emerging biopharma company in the life sciences category committed to the research and development, production, and acceptance of alternative nature-sourced medicine for mainstream use, has completed the world’s first international legal export of dried psilocybin mushrooms. In December 2020, the Company announced the completion of its first commercial harvest of 20 kilograms (44 lbs) of psilocybin mushrooms at a private mycology-focused research and cultivation facility in Jamaica. The first shipment of the harvest has now been received at Mydecine’s Canadian Current Good Manufacturing Practice (CGMP) facility, which has a Health Canada Schedule 1 Dealer’s License attached to it, allowing for legal import/export, research and development, cultivation, product development, and commercial sale of active psychedelic medicinal compounds.
Northisle Copper and Gold – NCX ($.12) – $.295 (+$.035) – announced that has increased the size of its previously announced $5 million non-brokered private placement to approximately $7 million, consisting of: (i) common shares (“Common Shares”) at a price of $0.262 per Common Share (the “NFT Offering”); (ii) flow-through Common Shares at a price of $0.31 per Common Share (the “FT Offering”) and (iii) flow-through Common Shares at a price of $0.38 per Common Share (the “Charity FT Offering” and together with the NFT Offering and FT Offering, the “Offering”). The Offering has been fully allocated and is anticipated to result in the issuance of approximately 21 million shares.
NeonMind Biosciences – NEON – ($.235) – $.27 (-$.01) – announced that it has filed four new provisional patent applications with the United States Patent and Trademark Office to protect initial data obtained during NeonMind’s preclinical trial. The provisional patent applications include data derived from NeonMind’s initial preclinical trial that began in November 2020, which examined the potential use of psilocybin as a treatment for weight loss. NeonMind’s proprietary preclinical data shows promise that both low and high dose psilocybin may reduce weight gain and that the reduction in weight gain can occur in a short period of time. This patent has also been included to support NeonMind’s first filed U.S. provisional patent which has a priority date of December 4, 2019, and has been converted to a Patent Cooperation Treaty application. By filing one international patent application under the PCT, applicants can simultaneously seek protection for an invention in 152 countries.
Precipitate Gold – PRG ($.125) – $.16 (-$.02) – announced it has completed two initial drill holes of its planned 10-hole diamond drill campaign at the Copey Hill Gold Zone, part of the Company’s 100% owned Ponton Project in the Dominican Republic. Following completion of the first two holes, a small faction of the local community requested additional information regarding the drill program and the Company’s ongoing exploration plans therefore the Company has elected to pause the program to allow for additional dialogue and transparency with local stakeholders.
Quebec Precious Metals – QPM ($.25) – $.22 (-$.02) – announced that drilling is underway at its flagship Sakami project in Quebec’s Eeyou Istchee James Bay territory. Based on the drill 2020 results, the 2021 program (14,000 m, 40+ holes) has been designed to expand the La Pointe deposit and the La Pointe Extension discovery along strike (see press release of January 27, 2021). Normand Champigny, CEO of QPM, stated: “We look forward to a successful drilling program and new discoveries at La Pointe and La Pointe Extension.” The Company is also pleased to announce that it has retained the services of Hinge Markets Inc. of Toronto, Canada to provide investor relations and capital markets advisory services to the Company. Hinge Markets, led by Mr. Jeffrey White, will initiate and maintain contact with the financial community including shareholders, investors and other stakeholders for the purpose of increasing awareness of the Company and its activities.
Rockcliff – RCLF ($.07) – $.075 (-$.005) – announced the filing on SEDAR of the Preliminary Economic Assessment and accompanying Technical Report for the Company’s 100% owned Tower and Rail Project. The report, entitled “NI 43-101 Technical Report Preliminary Economic Assessment of the Tower and Rail Project, Manitoba Canada” is dated January 12, 2021 and was prepared in accordance with National Instrument 43-101 Standards of Disclosure for Mineral Projects by the independent firm of BESTECH.
RJK Explorations – RJX.A ($.19) – $.245 (-$.005) – announced that the Company has discovered a new kimberlite south of the HSM kimberlite, associated with the Cross Lake Fault, in its ongoing reverse circulation (RC) drilling program in Lorrain Township, 10 km south of the Historic Cobalt Mining Camp. A small historical quarry, previously used for logging roads, is located above the kimberlite and within the electromagnetic (EM) conductance anomaly, and so the Company has named this discovery the “Gravel Pit ” kimberlite.
Royal Road Minerals – RYR ($.39) – $.37 (-$.01) – announced that further to its news release dated December 17, 2020, it has entered into a definitive agreement with Mineros S.A. (“Mineros”), 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. The Luna Roja Project is currently jointly owned and operated by the Company and Hemco -Nicaragua S.A., a wholly-owned subsidiary of Mineros, pursuant to the terms of a strategic alliance agreement dated September 1, 2017 between the Company and as amended.
Silver Sands – SAND ($.28) – $.205 (-$.03) – announced the remaining results from the Phase I Drilling Program completed in December 2020. The drilling program exceeded management’s expectations as it has extended known mineralization along strike at Julia South, Martina SE and Ely Central; added new zones of mineralization along known vein structures and identified new zones of mineralization within previously untested veins. The results from Phase I drilling support management’s belief that the global silver resource of the Virginia vein field can be increased significantly.
TAG Oil – TAO ($.05) – $.275 (+$.015) – reported the filing of its third quarter results for the interim period ending December 31, 2020. Highlights over the period include: At December 31, 2020, the Company had C$16.3 million (September 30, 2020: C$15.1 million) in cash and cash equivalents and C$18.8 million (September 30, 2020: C$17.6 million) in working capital. The Company also has no debt; Capital expenditures totaled C$78,000 for the quarter ended December 31, 2020, compared to C$50,000 for the quarter ended September 30, 2020. Most of the capital expenditures relates to the sale of TAG Oil’s Australian subsidiary in early Q3 2021; On October 30, 2020, the Company completed a share and asset purchase agreement to divest its Australian assets and operations located in the Surat Basin of Queensland, Australia for a cash payment of A$2,500,000 (CAD$2,308,240) at closing and a 3.0% gross overriding royalty on future production from all liquids produced from the permits (PL 17, ATP 2037, and ATP 2038).
Tombill Mines – TBLL ($.30) – $.22 (-$.04) – announced its intention to complete a fully-subscribed private placement of $1,500,000 with anticipated closing by month’s end. The Offering will be comprised of 6,521,739 units at a price of $0.23 per Unit, for aggregate proceeds of $1,500,000. Each Unit will consist of one common share and one common share purchase warrant. Each Warrant entitles the holder to purchase one Common Share of the Company at a price of $0.32 for a period of eighteen months after closing. The Company intends to use the proceeds of the Offering for working capital and general corporate purposes.
American Pacific Mining – USGD ($.155) – $.15 (-$.01) – provided an update on exploration progress at the Gooseberry Gold-Silver Project, located in Nevada and under joint venture earn-in agreement with privately-owned, GRAC Global Resource Acquisition Corp. A 12-hole diamond drill program is planned for early Q2, 2021 at the Gooseberry Gold-Silver Project, a low sulphidation, epithermal vein system encompassing the historical Gooseberry silver-gold mine in Storey County, Nevada. The past-producing underground silver and gold mine operated for nearly a century between 1900’s and 1990’s, after which mining ceased due to low precious metals prices. No meaningful modern exploration work has been done on the project since 1994.
VR Resources – VRR ($.35) – $.345 (-$.05) – announced that drilling is underway at its Reveille silver-copper property in Nevada. Geochemical data from this drilling are expected in April. VR will also obtain high resolution hyperspectral data of rock chips spanning the entirety of each drill hole in order to quantify alteration mineral assemblages. The Company is also pleased to announce that the 3D array DCIP geophysical survey was completed last week, prior to drilling. The IP survey will map both alteration and mineralization attributes below the valley cover and west of the range where the historic and high grade silver-copper showings are exposed at surface. Inversion models and 3D voxels derived from the survey are expected in April.
Group Eleven – ZNG ($.05) – $.105 (+$.015) – announced the commencement of the next phase of drilling, and the results from an induced polarization (“IP”) geophysical survey, at the Carrickittle prospect at its 100%-owned PG West zinc project, Republic of Ireland. Highlights: Mobilization for drilling at Carrickittle commenced on Friday (February 19th) with a total of approximately 400 metres of drilling planned at Zone 2 (an area with significant historical intercepts, including 4.9 metres of 11.4% zinc and 1.4% lead); As previously stated, management expect approximately 5,000 metres of drilling (fully funded) in 2021, primarily focussed on Carrickittle; An IP survey focussing on Zones 1-3 at Carrickittle was recently completed and appears to show several key fault structures along with a strong chargeability-high anomaly at Zone 2; Drill results are expected to be announced in early-mid Q2 (once drilling from this phase is completed, assays are received and interpretations are completed)
OIL & GAS STOCKS
All have RECOVERED recently, ARE SOME going still higher?
Stock – Current Stock Price – Dividend Yld
Gas – BIRCHCLIFF ENERGY – BIR – $3.03 – .7% DIV
Free Cash Flow – CRESCENT POINT – CPG – $5.50 – .2% DIV
Rebuilding – KELT EXPLORATIONS – KEL – $2.84
Oil – MEG ENERGY – MEG – $7.79
Gas – NUVISTA ENERGY – NVA – $2.32
Take Out Candidate? – TAMARACK VALLEY – TVE – $2.41
Go To Oil Stock – WHITECAP RESOURCES – WCP – $6.76 – 2.5% Div