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) – $.98 (-$.05) – 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$2.20 (+AUS$.05) – Exploration drilling continues at Kizevak with near-surface, high grade mineralisation identified in KZDD-051, located up-dip from a thick, deeper lens: 15.0 metres at 2.5 % zinc, 1.7 % lead, 26 g/t silver, 0.3 g/t gold (4.6% ZnEq) from 7.0 metres, including 6.1 metres at 4.6 % zinc, 3.4 % lead, 41 g/t silver, 0.5 g/t gold (8.2% ZnEq) from 9.9 metres; KZDD-042 has extended mineralisation down dip and southeast from historically defined limits of mineralisation, which remains open: 10.2 metres at 2.1 % zinc, 1.0 % lead, 12 g/t silver, 0.4 g/t gold (3.5% ZnEq) from 70.8 metres, including 4.3 metres at 3.3 % zinc, 1.6 % lead, 22 g/t silver, 0.6 g/t gold (5.6% ZnEq) from 71.7 metres
Adamera Minerals – ADZ ($.04) – $.08 (-$.005) -announced the closing of the financing announced on February 17, 2021 for 15,000,000 units for $1,500,000. The company is closing on $1,590,000 (15,590,000 units). Each unit is priced at $0.10 and consists of one common share and one half of one common share non-transferable warrant, with each warrant entitling the holder to purchase one common share at a price of $0.15 for a period of two years until March 18, 2023. The securities issued pursuant to the private placement are subject to a four month hold period expiring on July 19, 2021. $2,750 finder’s fee in cash was paid and the Company issued 27,500 finders’ warrants, with each finder’s warrant exercisable into one common share at $0.15 for a period of one year until March 18, 2022. Insiders participated $65,000 of this financing. The Company intends to use the net proceeds from the private placement for exploration and corporate operations.
Artemis Gold – ARTG ($5.55) – $5.24 (-$.21) – 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.
SWISS MINING INSTITUTE PRESENTATION
Aston Minerals (formerly European Cobalt) – ASO.AX – (A$.049) – A$.081 (+$.003) – the Company announced coarse visible gold as veinlets intersected in diamond drilling at Edleston in the third drill hole from 362m – Broader 12m interval contains extensive quartz veining with pyritepyrrhotite and occasionally visible gold – Core processing of interval expedited, and assay results expected in coming weeks. Current drilling focused on an area 200m along strike to the east of the main body of mineralisation defined at Edleston – ~1km of a total 10km strike length drill tested at Edleston to date. Drill targeting is based on the use of IP geophysics – validated targeting model. Three diamond drill holes for 1,320 m completed to date. Substantial alteration including quartz veining, pyrite-pyrrhotite intersected in all three drill holes which appears to correlate well with projected target intervals
1911 Gold – AUMB ($.26) – $.52 (+$.02) – 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.
Bucephalus Capital – BCA ($.20) – announced that further to its press release dated March 2, 2021, the Company has closed the non-brokered private placement as detailed below. The Company issued 25,000,000 units at a price of $0.05 per Unit for gross proceeds of $1,250,000. Proceeds from the Private Placement will be used by the Company for working capital and for other general and administrative costs. Each Unit consisted of one subordinated voting common share of the Company and one Common Share purchase warrant. Each full warrant entitles the holder to acquire one additional Common Share for a period of thirty-six months expiring on March 19, 2024 at an exercise price of $0.25 per Warrant Share.
Bioharvest Sciences – BHSC ($.50) – $.52 (+$.02) – announced that it has received approval from the Ministry of Health in Israel to include VINIA®, its proprietary red grape cell product, in a health snack bar. This is an important development for BioHarvest as it introduces the Company’s innovative and highly differentiated product into the lucrative multibillion-dollar snack bar market. The product will initially be launched in Israel in Q2/2021, to be followed by a launch in the United States in early 2022. According to A2Z Market Research, the US snack bar market is estimated at US $10.6B for 2021 and to grow at an impressive annual rate of 13%. As a result of these developments, the Company is updating its 2021 sales order projections for Israel to US $M1.3-US $1.5M. The Company’s overall forecast for US sales of the VINIA® dietary supplement will be updated soon after the US launch of VINIA® in May 2021.
Bond Resources – BJB ($.16) – $.13 (+$.005) – 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) – $.24 (+$.005) – 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) – $3.42 (-$.21) – announced that it is accelerating the expiry date of its common share purchase warrants issued on September 30, 2020 under the warrant indenture between TSX Trust Company and the Company. Each of the warrants entitles the holder thereof to acquire one common share of the Company at a price of $2.10 per common share. As of March 16, 2021, 1,822,750 of the original 2,675,000 Warrants issued remain outstanding to be exercised. “The acceleration and exercise of these Warrants provides us additional runway to continue our drill program at our Crawford Nickel-Cobalt Sulphide Project, including our recently announced MacDiarmid nickel target once permits are received in early April, and progress the related feasibility study due for completion by the end of 2021,” commented Mark Selby, Chair and CEO of Canada Nickel.
Core One Labs – COOL ($1.18) – $1.30 (+$.22) – announced that it has filed an application to list its common shares on the Capital Market tier of The NASDAQ Stock Market LLC (“Nasdaq”). Nasdaq is ranked as the second-largest exchange by market capitalization in the world and Core One expects the listing to increase both investor awareness generally and market liquidity for the Company’s current and future shareholders.
Cornish Metals – CUSN ($.125) – $.195 – (-$.005) – announced the following: An agreement has been reached with Brownfield Investments Ltd and Roskear Minerals LLP to lease a 1.2 hectare site surrounding New Roskear Shaft in Camborne for up to 23 years; An agreement has also been reached to lease the mineral rights owned by Roskear Minerals LLP within the South Crofty Underground Permission Area for up to 25 years; and a binding heads of terms has been agreed with Wheal Jane Ltd for the disposal of waste material derived from the treatment of mine water from South Crofty Mine into the Wheal Jane tailings dam located 12 kilometres east of South Crofty. The agreement will become effective when dewatering of South Crofty commences.
*Spot price of tin AUS $35,596/t -AUS $4,227/t
MINING STOCK DAILY – TIN SPECIAL
Dore Copper – DCMC ($.85) – $.97 (+$.06) – announced that it has entered into option agreements (the “Option Agreements”) to acquire a 100% interest in the former producing Norbeau gold mine property and the contiguous Beaurox property, a major land position totaling approximately 1,400 hectares (the “Properties”), located 15 kilometers by road north from the Corporation’s Copper Rand mill in the Chibougamau mining camp in northwestern Québec, Canada
MINING STOCK EDUCATION INTERVIEW
Delic Holdings – DELC ($.64) – $.495 (-$.025) – a psychedelic wellness-focused company, announced the appointment of John Coleman, PhD, former President of Anandia Labs, as Vice President of Business Development. Matt Stang commented “We are very fortunate to have John join our team. His pedigree between his corporate and scientific expertise is second to none. Having John join as our VP of Business Development shows our commitment to bringing top tier professionals to our team and having leaders in each pillar of our growing business.” John has a wide-ranging scientific and business background. In 2013, he co-founded Anandia Labs, a cannabis biotech company focused on genetics and analytics, and helped grow it to approximately 90 staff before Anandia was purchased in 2018 by Aurora Cannabis.
Dolly Varden – DV ($.275) – $.67 (-$.05) – 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) – $.32 (+$.03) – 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) – $.33 (-$.03) – announced its preliminary analysis of the results from its 4029 meter Phase 1 drilling program at Abriaqui and the plan for Phase 2 drilling. Highlights include: Analysis of the Phase 1 drilling based on longitudinal sections indicates potential for 1.6 to 2.4 million ounces of contained gold on just four of the 100+ veins identified to date on the property. No NI 43-101 compliant resources or reserves exist on the property to date; Significant additional potential is indicated as this target does not include 80% of the drill intercepts reported in earlier press releases and only about half of the known veins on the property have been drill tested. Several significant intercepts including 7.7 meters @ 8.6 g/t gold in hole P006, are not included in this model exercise; Excellent potential exists for additional resources on all veins below the 1500 meter elevation which was chosen as a base for the resource potential estimate based on the deepest intersection to date; A minimum 4000 meter Phase 2 drilling program will begin in Q2 2021. It will consist of infill and step-out drilling on the 1400 x 350 meter northwest trending corridor of at least nine vein structures (NWC).
Fremont Gold – FRE – ($.07) – $.06 (+$.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) – $.88 (+$.08) – announced that it has closed its previously announced non-brokered private placement for total gross proceeds of $3,297,000 to the Company. The Financing was comprised of 700,000 hard dollar shares at a price of $0.71 per Hard Share and of 2,800,000 flow through shares of the Company at a price of $1.00 per FT Share. Each FT Share consists of one common share in the capital of the Company issued on a flow-through basis within the meaning of the Income Tax Act (Canada). The gross proceeds from the Financing will be used to fund exploration on the Company’s projects in Ontario and for working capital purposes. The gross proceeds received by the Company from the sale of FT Shares will be used to incur Canadian Exploration Expenses that are “’flow-through” mining expenditures as such terms are defined in the Tax Act. The securities issued under the Financing have a hold period expiring on July 19, 2021. New Gold Inc. (TSX: NGD) purchased 3,500,000 Common Shares in connection with the Financing, which represents approximately 9.9% of Angus’ issued and outstanding Common Shares.
Gear Energy – GXE ($.51) – announced that the new February 2021 monthly update can be accessed via the following link https://gearenergy.com/updates. Future updates will be disseminated each month via press release.
Highland Copper – HI ($.075) – $.10 (-$.005) – 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$.79) – A$.475 (+$.03) – announced it is farming out its newly acquired Queens gold project in Victoria to Canadian-listed Novo Resources Corporation (TSX: NVO). The company had added the exploration licence to its Victorian gold holdings last year as part of its move to capitalise on the growing drive to revive the state’s historic and rich goldfields. The Queens ground adjoins Kalamazoo’s Castlemaine project in the central part of the state. The project spans the highly prospective Taradale Fault and immediately surrounds the Malmsbury gold project owned by GBM Resources (ASX:GBZ) — and which project is also subject to a joint venture with Novo. Queens is adjacent and to the east of Kalamazoo’s Wattle Gully South discovery in Victoria’s prolific Bendigo Zone. Novo has exercised its option to acquire 50% of Queens by issuing Kalamazoo $2 million worth of its own shares. Novo can now earn a further 20% by spending $5 million over five years, and then move to an 80% stake by delivering a preliminary economic assessment.
GOLD & ALTERNATIVE INVESTMENTS
Minera Alamos – MAI ($.66) – $.60 (+$.03)- 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
NATIONAL BANK (INCLUDES MAI) REPORT
Metals X – MLX.AX (Australia) (AUS$.076) – $AUS .235 – announced that it has signed an agreement with Cyprium Metals Limited (ASX: CYM) for the sale of its copper asset portfolio, including the Nifty Copper Operation, Maroochydore Copper Project and the Paterson Exploration Project (which Includes the farm-in agreement with IGO Limited. The Agreement is for the sale of all of the shares in Paterson Copper Pty Ltd, a 100%-owned subsidiary of Metals X. Paterson Copper holds the Copper Assets through its two 100%-owned subsidiaries Nifty Copper Pty Ltd. and Maroochydore Copper Pty Ltd.
*Spot price of tin AUS $35,596/t -AUS $4,227/t
Mydecine Innovations – MYCO ($.44) – $.47 (+$.04) – an emerging biopharma and life sciences company committed to the research, development, and acceptance of alternative nature-sourced therapeutic medicine for mainstream use, announced that it has appointed Michel Rudolphie, former CEO and President of Make-A-Wish International and former Novartis Norway CEO, as President of the Company’s European Operations. In addition to adding new leadership, the Company also announces that it has partnered with Principal Investigator Dr. David Erritzoe at Imperial College London (ICL) to conduct leading research in the expanding field of psychedelics, as well as the creation of a novel collaborative psychopharmacology/psychedelic research clinic between ICL and a major mental health NHS Trust in London.
Northisle Copper and Gold – NCX ($.12) – $.28 (-$.02) – announced that it has filed on SEDAR an independent technical report prepared in accordance with National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI 43-101”) titled “North Island Copper and Gold Project NI 43-101 Technical Report Preliminary Economic Assessment” supporting the results of a Preliminary Economic Assessment on the Company’s North Island Project. The results of the 2021 PEA were previously reported in the Company’s news release dated February 4, 2021 and there are no material differences in the Report from those results. The effective date of the Report is March 18, 2021.
NeonMind Biosciences – NEON – ($.235) – $.25 (-$.02) – announced that it has received an order for and will supply touch sensor modules to Japan Aerospace Corporation, a Neonode value-added reseller, who has been selected by a major Asian airline to retrofit its contactless touch solutions featuring Neonode’s technology on existing self-service check-in and baggage drop kiosks at multiple airports in Asia. “This order represents a breakthrough in an important market segment for Neonode and we look forward to growing our contactless touch business with this and other customers in the transportation domain,” said Dr. Urban Forssell, CEO of Neonode.
Precipitate Gold – PRG ($.125) – $.18 (-$.005) – 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) – $.24 (+$.01) – 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) – $.08 (+$.01) – announce that an affiliate of Kinross Gold Corporation has earned a 70% interest in the Laguna/Lucky Jack/Puella Bay properties in Snow Lake, Manitoba. Rockcliff retains a 30% participating interest in Laguna. Pursuant to the July 2018 option agreement, Kinross has earned a 70% interest in Laguna by completing expenditures in excess of the required C$5,500,000 ahead of the third year anniversary of the six year option agreement. “Having Kinross earn in so early on their option to the level of forming a Joint Venture on the Laguna Property confirms our belief of the high gold prospectivity of this land package. We look forward to seeing more encouraging results from this year’s program currently underway.” said Alistair Ross, President and CEO of Rockcliff. Laguna is located in the Flin Flon-Snow Lake Greenstone Belt which is host to volcanogenic massive sulphide (copper-zinc) and primary gold mines and deposits. Laguna hosts the historic Rex-Laguna gold mine, Manitoba’s first and highest-grade former gold mine. Discovered in 1914, periodic gold mining up to 1940 produced over 60,000 ounces of gold with an average grade of 16.7 g/t.
RJK Explorations – RJX.A ($.19) – $.25 (+$.005) – announced that the Company has accelerated its earn-in options on the Bishop and Camilleri agreements and now owns a 100% interest, subject to GORR and NSR Royalties, in the Historic Cobalt Mining Camp. These two property options contain the Nicol, Lightning, Paradis, Robin’s Place, Gleason, HSM and Gravel Pit kimberlite bodies. Together with RJK’s staked mineral claims the property now consists of 6,100 hectares. RJK has a total of 13,750 hectares in the Temiskaming region under existing option agreements and staked claims.
PETER HUBAJECK, PROJECT MGR. UPDATE
Royal Road Minerals – RYR ($.39) – $.375 (+$.03) – announced further interim drilling results and that it has recommenced drilling at its Caribe gold discovery in northeastern Nicaragua. The Caribe project forms a part of the Company’s Strategic-Alliance agreement and is located in the highly prospective “Golden Triangle” of northeastern Nicaragua. Royal Road Minerals is operator of the Strategic Alliance. Royal Road’s exploration team discovered the Caribe project during reconnaissance exploration in February of 2018. Outcrop at Caribe is concealed under soil and laterite cover and there is no previous record of mining or mineralization in the area. In 2019, Royal Road and Hemco completed an initial 4-hole, exploratory drilling program at Caribe which returned promising results for gold. A follow-up diamond drilling program commenced at the project during August of last year and has returned encouraging initial results including; CB-DDH-016, 100.45 meters at 1.0 grams per tonne and CB-DDH-016, 63 meters at 1.0 grams per tonne gold. Results for a further 4 exploratory drill holes have now been returned.
Silver Sands – SAND ($.28) – $.20 – announced the remaining results from the Phase I Drilling Program completed in December 2020. The drilling program exceeded management’s expectations as it has extended known mineralization along strike at Julia South, Martina SE and Ely Central; added new zones of mineralization along known vein structures and identified new zones of mineralization within previously untested veins. The results from Phase I drilling support management’s belief that the global silver resource of the Virginia vein field can be increased significantly.
TAG Oil – TAO ($.05) – $.30 (+$.005) – 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) – $.25 (+$.045) – 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) – $.155 – announce the planned 2021 exploration program at the Madison Copper Gold Project, located in Montana, USA. The Company’s wholly-owned Madison Project is currently under an earn-in with Option to joint venture agreement, whereby Kennecott Exploration Company, part of the Rio Tinto Group, may spend $30 million USD to earn up to 70%. Beginning in the first half of 2021, Kennecott’s exploration program at Madison is expected to include diamond drilling, reverse circular (“RC”) drilling, road construction, extensive rock-chip and soil sampling and a MAG survey. The exploration plan is being permitted for success and may include up to 31 diamond drilling holes and up to 50 RC holes. This exploration will focus on extending the five jasperoid zones and three massive sulfide zones as well as testing for skarn mineralisation, porphyry and gold potential.
VR Resources – VRR ($.35) – $.38 (-$.04) – provided a brief update on the maiden RC drill program at its Reveille silver-copper property in Nevada. It was decided to complete the fifth hole of the program, G1, designed to test a low-density gravity anomaly for a de-calcified, gold-bearing jasperoid breccia body in a few week’s time using a smaller, track-mounted rig that is better suited for the road and drill pad at G1 that are now “ready to go”. VR is exploring the covered valley on the western flank of the range because it has never been previously explored or drilled as the potential source and overall driver of the high-grade silver-copper mineralization at Reveille during the past 140 years of prospecting which has focused on the high-grade showings exposed in the hills of the Reveille range to the east. VR is focused squarely on targets for proximal, high temperature mineralization that are core to the overall CRD mineral system at Reveille based on an array of new geochemical data and element ratio vectors.
Group Eleven – ZNG ($.05) – $.115 (+$.015) – announced results from exploration drilling at the Gortdrum copper-silver prospect at its 100%-owned PG West project, Republic of Ireland. Highlights: Two holes (totalling 380.85 metres) were drilled 1.0 km and 2.2 km, respectively, from the old Gortdrum copper mine, along the main mineralizing structure – the “Gortdrum Fault Zone”; G11-4498-01 intersected 14.4 metres of 0.221% Cu and 2.1 g/t Ag (0.240% CuEq), including 0.80 metres of 0.620% Cu and 4.4 g/t Ag (0.660% CuEq) and including 0.90 metres of 0.387% Cu and 3.1 Ag (0.416% CuEq) at shallow depths (46.2 metres downhole; true width estimated at 60%); G11-350-01 intersected a broad zone of highly anomalous copper (31.7 metres of 0.080% Cu and 1.6 g/t Ag), including 1.6 meters of 0.532% Cu and 22.3 g/t Ag (0.736% CuEq) and 2.9 metres of 0.151% Cu and 0.5 g/t Ag (0.156% CuEq) starting at shallow depths (32.35 metres downhole; true width estimated at 60%); Results represent the first drilling at Gortdrum since 1975 and provide evidence for, not one – but a series, of parallel faults across several hundred metres and a strike of three kilometres
OIL & GAS STOCKS
All have RECOVERED recently, ARE SOME going still higher?
Stock – Current Stock Price – Dividend Yld
Gas – BIRCHCLIFF ENERGY – BIR – $2.90 – .69% DIV
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Free Cash Flow – CRESCENT POINT – CPG – $5.43 – .18% DIV
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Rebuilding – KELT EXPLORATIONS – KEL – $2.79
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Oil – MEG ENERGY – MEG – $6.82
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Gas – NUVISTA ENERGY – NVA – $2.50
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Take Out Candidate? – TAMARACK VALLEY – TVE – $2.24
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Go To Oil Stock – WHITECAP RESOURCES – WCP – $5.45 – 3.3% Div
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