Tuesday Market News: $ORX.V $DSM.V $QCC.C

SOMA Labs BOSS CO2

Orefinders ($ORX.V) has released a PEA which outlines an estimated 158% IRR  and a 7 month payback on the South Zone open pit of the Mirado Gold Mine located to the southeast of Kirkland Lake, Ontario, within the popular gold producing Abitibi greenstone belt. The PEA considers only around 5% of the project, publishing a pretax undiscounted net present value (NPV) of $30.8-million and a $20.5-million after-tax NPV at a 5-per-cent discount rate. The mine life is currently only 3 years, but the … [Read more...]

$CSR.V Samples 3.1% Cobalt in Underground Bulk Sample

Electric Vehicle, Cobalt Demand

Frank Basa's Castle Silver is feeling the joy as  an underground sampling program returned high-grade cobalt in the range of 3.1% from areas on the first level of the Castle mine near Gowganda, Ontario. Highlights are as follows (see table below for complete results): 3.1% cobalt in sample CSR-UG-T-2 (mini-bulk) 1.04% cobalt in sample CSR-UG-T-3 (mini-bulk) 2.3% cobalt in sample CSR-17-10 (composite from the two mini-bulk samples) More samples are pending and the high … [Read more...]

Glen Eagle Updates the Market: $GER.V

Glen Eagle

Glen Eagle Resources ($GER.V) has released the latest pictures from the Cobra Oro gold processsing plant, showing that the last expansion phase of the plant is almost complete. A new ball mill is being installed and all the infrastructure is now in place to receive increased throughput. Insiders continue to increase their shareholdings as nearly one million shares have been purchased over the last two months. Insiders with a few key partners own approximately 50% of all shares … [Read more...]

Blue Moon Zinc CEO, Patrick McGrath $MOON

Blue Moon Patrick McGrath

This development stage zinc play is focused on advancing a potential underground operation in the foothills of California, USA- expect an exciting PDAC from this group as their PEA should be ready about that time. Patrick McGrath's brief INN video here:   ~DISCLAIMER~ This is not in any way investment advice nor any sort of stock recommendation. Please do your own due diligence and talk to a qualified investment advisor. The contents of this article are for informational … [Read more...]

Castle Silver Signs Provisional Milling Agreement: $CSR.V

cobalt

Castle Silver Resources announced today the signing of a provisional milling agreement with Granada Gold Mine Inc., Frank Basa's other junior resource company.  The provisional milling agreement permits the development of a flowsheet for the mill that can equally process the gold-bearing ore from Granada Gold Mine near Rouyn-Noranda in Quebec as well cobalt-silver-bearing mineralization from the advanced Castle Silver Resources' property in Gowganda, Ontario. Agreement Terms The terms of the … [Read more...]

West High is Making Waves: $WHY.V

West High Yield

Investors are wondering what the heck, what's up with $WHY? The stock remains halted after a blockbuster US$750 million deal was announced Oct 5th with Gryphon Enterprises. West High Yield Resources Ltd ($WHY.V) has signed a definitive arm's-length purchase and sale agreement to sell 100 per cent of its right, title and interest in its Record Ridge South, Midnight and O.K. mineral properties to Gryphon Enterprises LLC, a company based in Maryland, United States, for a purchase price of … [Read more...]

Drills are Turning in Ontario’s Cobalt Camp: $CSR.V

Castle Silver Diamond Drilling

The time has come and the truth machine has arrived. Castle Silver is now drilling their high grade cobalt silver property near Gowganda, Ontario. A 1,700 meter Cavity Monitoring Survey (CMS) has uncovered something interesting to the team, and new information has their drills turning from surface for round 1. For this initial phase they are commencing a 1,500 meter diamond drill program from surface, focused on potential extensions to the significant vein structures on the Castle Silver Mines’ … [Read more...]

Castle Silver Cashed Up and Ready to Go: $CSR.V

Screen Shot 2017-05-26 at 10.03.03 AM

Castle Silver Resources ($CSR.V) is preparing to drill at their cobalt silver mine in Ontario Canada. They closed a second tranche of an increased financing that will bring in around $1.2 million after all is said and done. CEO Frank Basa and his team are targeting high-grade cobalt and silver mineralization in vein structures that were either overlooked or left untouched by Agnico Eagle in the 1980's. They own the Castle Silver Cobalt Mine 100%, and CEO Frank Basa is well familiar with … [Read more...]

One Critically Hot Metal, Cobalt

Cobalt 12 Year Price Chart: Infomine

Cobalt is hard not to love right now and a handful of junior companies have sprung to life in the wake of cobalt’s aggressive two year price run. While ups and downs in the price of cobalt are going to occur, this commodity’s demand is not just a temporary blip on the chart. Investor demand for battery metals is coming from the Electric Vehicle (EV) market, and specifically the battery market. January sales of EV’s this year saw a 70% increase year-over-year, with 159,139 EV’s sold last year in … [Read more...]

Kestrel Gold Hitches a Wagon to Legendary Prospector, Bernie Kreft: $KGC.V

Bernie Kreft 3

Kestrel Gold (TSX.V: $KGC), owners of King Solomon’s Dome in the heart of the Klondike in Canada’s Yukon Territory, just announced a few option agreements with legendary, gritty prospector Bernie Kreft, known for his role on the History Channel’s show Yukon Gold. Bernie Kreft and Kevin Nephin, Kestrel Gold's President & CEO, have a decade-long friendship from working in the same hood in the nether regions of Northern Canada. With Kreft’s proven and documented prowess as a diligent project … [Read more...]

First to Drill in Canada’s Cobalt Hotspot: $CPO.V

Cobalt Power Group: CPO.V

We are adding another stock to our cobalt basket today, Cobalt Power Group (TSX: CPO.V). Stock Syndicate recently featured two other Canadian cobalt players, Castle Silver Resources (CSR.V) and CobalTech (CSK.V), and the excitement around this metal continues to brew as the juniors edge into place to become part of the supply chain. Only a year ago cobalt was $10.52/lb. At the time of writing, cobalt is priced at $25.17/lb. Renewable energy demand combined with a volatile supply chain for … [Read more...]

Castle Silver’s Got Grade (and Cobalt): CSR.V

Cobalt

Castle Silver Resources Inc (TSX-V: CSR OTC:TAKRF FRANKFURT:4T9B) is a silver-cobalt company aiming to resume mining at the Castle Silver and Beaver properties in Ontario Canada. The company is run by Mr. Frank Basa, a Metallurgical Engineer who worked for Agnico Eagle back in the 80’s when they were actively mining the properties in Castle Silver’s portfolio. Castle Silver (CSR) is a spinout of three properties from Basa’s other company, Granada Gold Mine Inc., a development company with a high … [Read more...]

What a Year for Dolly Varden Silver: $DV.V $DOLLF

Dolly Varden Silver Property Location

Somebody owes Dolly Varden Silver Corp’s former CEO and President, Rosie Moore, a nice bottle of scotch, that is for sure. Mrs. Moore managed to work some substantial magic over the past two years on behalf of silver explorer/developer, Dolly Varden. After an eventful 2016, the reorganized, reinvigorated Dolly is playing towards a nice comeback in 2017. Shareholders witnessed a battle mid 2016 between major shareholder Hecla Mining Company (NYSE: HL) and Dolly Varden (TSX.V: DV  OTC: DOLLF). Two … [Read more...]

From Headache to Heavyweight, Here Comes New Carolin Gold: $LAD.V $LADFF

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Bob Thast is a good man to be running a mining deal over the previous five years. It hasn’t been easy for the majority of junior mining execs. This BC native was brought in to clear a path to funding for New Carolin Gold Corp (TSX.V: LAD). After doing so and then inside the tent at New Carolin, Thast saw what key moves the company had to make, he pulled the strings that needed to be pulled, and found himself gratefully appointed as the new President and CEO in March of 2013. When he … [Read more...]