Palladium and palladium stocks had a wonderful run lately. I started long positions in four palladium stocks:
New Age Metals Inc. (CVE: NAM) at 7 cents, Canadian Palladium Resources Inc. (CNSX: BULL) at 14 cents, Palladium One Mining Inc (CVE: PDM) at 19 cents and Generation Mining (CNSX: GENM) at 73 cents. There are several other palladium stocks that are getting the market’s attention, I’ll share in another post.
In this post, I have listed some mining stocks that had good announcements either in terms of great drill results or funding over the first two weeks of 2020. I was going to post it last weekend but still, it’s not too late.
- GT Gold intersected 53.73 meters of 10.00 g/t Au
- Gatling Exploration Inc. intersected 11.2 g/t Au over 5.0 meters
- GoGold Resources Inc. reported record quarterly production of 584,988 silver equivalent ounces
- Titan Mining Corporation reported 7.3% zinc over 20.0 feet
- Treasury Metals drilled 14.8 g/t Au over 7.0 m including 101.0 g/t over 1.0 m
- Granada Gold Mine Intersected 11.45 g/t gold over 33 meters
- Galleon Gold: Eric Sprott is A Controlling Shareholder
- Trigon Metals received $2 Million Investment from Eric Sprott
- Benchmark discovered New Zone at Cliff Creek and drilled 18.24 g/t AuEq over 3.23 meters
- Blackrock Drilled up to 8.32 G/t gold over 1.5m at Silver Cloud
- Mako Mining Corp Drilled 56.8 g/t Near-Surface, High-Grade Gold
GT Gold (TSX-V: GTT) is focused on base and precious metals exploration in the geologically fertile terrain of British Columbia’s renowned Golden Triangle. GT Gold, on Jan. 16, 2020, announced results from the final four drill holes from its 15,000-metre Phase 2 exploration program at its 100% owned, Tatogga property in northwest B.C. The drill holes were drilled at the Saddle South Au-Ag vein system and were the only holes drilled there in the 2019 campaign. All drill holes have now been reported from 2019 drilling at both the Saddle North Cu-Au porphyry system and at Saddle South. GT Gold intersected 53.73 meters of 10.00 g/t Au, 46.84 g/t Ag at Saddle South.
GT Gold is focused on base and precious metals exploration in the geologically fertile terrain of British Columbia’s renowned Golden Triangle. GT Gold, on Jan. 16, 2020, announced results from the final four drill holes from its 15,000-metre Phase 2 exploration program at its 100% owned, Tatogga property in northwest B.C. The drill holes were drilled at the Saddle South Au-Ag vein system and were the only holes drilled there in the 2019 campaign. All drill holes have now been reported from 2019 drilling at both the Saddle North Cu-Au porphyry system and at Saddle South. GT Gold intersected 53.73 meters of 10.00 g/t Au, 46.84 g/t Ag at Saddle South.
The Company’s flagship asset is the wholly-owned, 46,827-hectare Tatogga property, located near Iskut, BC, upon which it achieved two significant discoveries in 2017 and 2018 at its Saddle prospect: a near-surface bulk-tonnage and potential deep high-grade underground-style epithermal gold-silver vein system at Saddle South and, close by at Saddle North, a large-scale, richly mineralized porphyry gold-copper-silver intrusion.
The company has 116.56 M outstanding shares and was trading at $1.33 at the time of writing.
Company’s Website: www.gtgoldcorp.ca
Gatling Exploration Inc
Gatling Exploration Inc. (TSXV: GTR, OTC: GATGF), is a Canadian gold exploration company focused on advancing the Larder Gold Project, located in the prolific Abitibi greenstone belt in Northern Ontario. The Larder property hosts three high-grade gold deposits along the Cadillac-Larder Lake Break, 35 kilometers east of Kirkland Lake. The project is 100% controlled by Gatling and is comprised of patented and unpatented claims, leases and mining licenses of occupation within the McVittie and McGarry Townships. The 3,370-hectare project area is positioned 7 kilometers west of the Kerr Addison Mine, which produced 11 million ounces of gold. All parts of the Larder property are accessible by truck or all-terrain vehicles on non-serviced roads and trails.
Gatling Exploration on Jan. 16, 2020, reported that drilling has extended the Bear deposit by 500 meters up plunge from its main body of mineralization and by nearly one kilometer to the west near-surface. Drill hole GTR-19-023 intersected 11.2 g/t Au over 5.0 meters while hole GTR-19-022 encountered 8.3 g/t Au over 2.0 meters and 5.1 g/t Au over 3.0 meters within 150 meters of surface.
The company’s share price closed at 45.5 cents on January 24, 2020, and it had a market cap of $20.78 M with 45.67 M outstanding shares.
Company’s Website: gatlingexploration.com
GoGold Resources Inc. 2 Million Once Silver Producer with Aggressive Exploration Program Underway
GoGold Resources Inc. (TSX: GGD) (OTCQX: GLGDF), on Jan. 14, 2020, reported record production for the quarter ending December 31, 2019, of 584,988 silver equivalent ounces, consisting of 379,082 silver ounces and 2,407 gold ounces, a slight increase from the previous quarter and record of 580,711. About 65% of the production is silver so this makes them a top quartile primary silver producer and ASIC is less than many other producers. Management holds 30% of the company.
GoGold Intersected 18.9m at 648 g/t Silver Equivalent Including 5.0m at 2,381 g/t Silver Equivalent according to their news on January 22, 2020. Earlier in January 2020, they released the assay results from 5 new diamond drill holes at the Los Ricos project. The company intersected 16.5m at 8.77 g/t Gold Equivalent Including 4.8m at 14.3 g/t Gold Equivalent. View the full news release.
GoGold Resources Inc. has 186 million shares outstanding and was trading at 85 cents.
About GoGold Resources
GoGold Resources is a Canadian-based silver and gold producer focused on operating, developing, exploring and acquiring high-quality projects in Mexico. The Company operates the Parral Tailings project in the state of Chihuahua and has the Los Ricos exploration project in the state of Jalisco. Headquartered in Halifax, NS, GoGold is building a portfolio of low cost, high margin projects.
Company’s Website: gogoldresources.com.
Titan Mining Corporation
Titan Mining Corporation (TSX: TI), Jan. 14, 2020, announced drill results of two new zones of near-surface mineralization at the company’s
100%-owned Empire State Mine (ESM) in upstate New York. ESM is a group of zinc mines that started production in the early 1900s. Titan is built for growth, focused on value and committed to excellence. The definition drilling of these potential new open-pit mill feed zones is a key goal of the Company’s strategy of filling over 3,000 tonnes per day of excess capacity at the ESM mill in an effort to dramatically increase production and lower costs.
- Discovery of Turnpike zone, located within easy transport distance approximately one mile to the south of the ESM milling complex, with Hole SX19-2483 returning 80.0 feet assaying 5.8% zinc, 2.8% lead, and 28.2 g/t silver, including 15.0 feet assaying 17.1% zinc, 7.8% lead, and 79 g/t silver.
- The Hoist House zone is located approximately one mile south of the ESM mill, drill results include hole SX19-2484 returning 20.0 feet assaying 7.3% zinc, 0.9% lead and 11.7 g/t silver, and 31.0 feet assaying 4.2% zinc, 0.5% lead and 10.3 g/t silver.
- Together with the near-surface extension of the #2D (see November 14, 2018 press release), these zones represent potential sources of low-cost open-pit mining feed within mining claims, which could allow for near-term development.
The company has 122.97 M outstanding shares, a market cap of $32.59 M at the closing price of 26.5 cents on Jan 24, 2020.
Company’s Website: www.titanminingcorp.com
Treasury Metals Inc
Treasury Metals Inc. (TSX: TML), is a gold-focused exploration and development company with assets in Ontario and British Columbia Canada. The company’s 100% owned Goliath Gold Project located in northwestern Ontario has 1,229,800 ounces Au Eq Measured and Indicated and 226,700 ounces Au Eq Inferred resources.
Treasury Metals Inc. (TSX: TML), on Jan. 13, 2020, announced the assay results from the initial nine holes of its 15,000-metre exploration program, including results from the Eastern C Zone and Main Zone targets at the company’s flagship Goliath Gold Project. The company intersected 7.4 g/t Au over 6.3 m including 10.13 g/t Au over 4.0 m in the Main Zone and 14.8 g/t Au over 7.0 m including 101.0 g/t over 1.0 m in the Eastern C Zone exploration target. Detailed news can be viewed here.
Treasury Metals Inc has a market cap of $45.73 M with 169.38 M outstanding shares trading at 27 cents.
Company’s Website: www.treasurymetals.com
Granada Gold Mine Intersected 11.45 g/t Gold Over 33 Meters, Supports Continuity of High-Grade Structures
Granada Gold Mine Inc. (TSXV: GGM), on Jan. 9, 2020, provided assays results from the last hole in the latest drill program at its 100%-owned Granada gold deposit in Rouyn-Noranda. Unexpected near-surface, high-grade mineralization has been discovered within the recently explored two-kilometer long Bars Zone of the five and a half kilometer Granada Shear zone which trends east-west on the property.
- 11.45 g/t in drill hole GR-19-A from 0 to 33 m core length including high-grade intercepts of 42.5 g/t from 0 to 1.5 m, 480 g/t from 8.1 to 8.5 m, and 70.8 g/t from 31.9 to 32.4 m. The horizontal width, based on outcrop, is about 9 meters and the true width is estimated at 6.3 meters. The core length reported is estimated to have intersected only 15-20% of the entire thickness of the zone. However, it is a real known extent in that direction down-dip of gold mineralization within the intersected length. Assays are uncut except where indicated.
View full news release here.
Granada Gold Mine Inc currently has a market cap of $13.7M with 80.56M outstanding shares trading at 17 cents.
Company’s Website: www.granadagoldmine.com.
Eric Sprott Becomes Controlling Shareholder of Galleon Gold
Galleon Gold Corp. (TSXV: GGO), formerly called Pure Nickel Inc., announced on January 9, 2020, that Eric Sprott has exercised his right to convert a Galleon Gold Debenture (“Debenture”) in the amount of $3,000,000. The Debenture is convertible into common shares at a price of $0.05 per share for a total of 60,000,000 common shares.
Mr. Sprott now beneficially owns and controls 70,221,732 common shares of the company representing approximately 27.6% of the outstanding common shares.
About Galleon Gold
Galleon Gold is a North American exploration and development company focused on advancing two projects. The Neal Gold Project in Idaho is owned in partnership with Eric Sprott and the West Cache Gold Project is located 13 km west of Timmins Ontario. Both projects are located in known mining camps with excellent infrastructure.
Galleon Gold currently has 254.19M outstanding shares trading at 7.5 cents and has a market cap of $19.06M.
Trigon Metals Attracted Huge Investment by Eric Sprott
Trigon Metals Inc. (TSXV: TM) through its Namibian subsidiary Manila Investments, holds an 80% interest in five Mining Licenses in the Otavi Mountainlands, an area of Namibia particularly known for its high-grade copper deposits. Within these licenses are three past-producing mines including the Company’s flagship property: the Kombat Mine.
The Company filed its NI 43-101 Mineral Resource estimate for the Kombat Mine in July 2018. It has mineral resources, comprising both the surface accessible (targeted open pit) and underground, of 1.529 million tonnes of Indicated Mineral Resources at a grade of 1.14% copper, 0.72% lead and 2.88 g/t silver and 5.511 million tonnes of Inferred Mineral Resources (open pit and underground) at a grade of 3.05% copper, 1.25% lead and 22.93 g/t silver.
Mr. Eric Sprott, on January 8, 2019, acquired through private placement ownership of 16,666,666 units of Trigon Metals Inc., at a price of $0.12 per unit for aggregate consideration of $1,999,999.92. Each unit consists of one common share and one common share purchase warrant of Trigon Metals. Each whole warrant entitles the holder to acquire one common share at an exercise price of $0.20 for a term of 36 months. Mr. Sprott beneficially owns and controls approximately 33.2% of Trigon’s common shares on a partially diluted basis.
Trigon Metals has 90.47 million outstanding shares, had a market cap of $13.57 M on January 16, 2020, and the shares were trading at 15 cents.
Company’s Website: https://www.trigonmetals.com/
Benchmark Discovered New Zone at Cliff Creek and Drills 18.24 g/t AuEq over 3.23 Metres
Benchmark Metals Inc. (TSXV: BNCH) (OTCQB: CYRTF) (WKN: A2JM2X), on
January 8, 2020, reported the discovery of a significant, new and broadly mineralized zone, located just 50 meters east of the known mineralization at Cliff Creek. Results from Benchmark’s drill hole 19CCDD025 include high-grade and bulk-tonnage intercepts comprising 2.09 g/t gold and 87.83 g/t silver or 3.19 g/t AuEq across 36.30 meters core length, including 11.83 g/t gold and 513.21 g/t silver or 18.24 g/t AuEq across 3.23 meters core length. View the full press release here.
Mr. Eric Sprott holds approximately 14.2% of Benchmark’s issued and outstanding Common Shares, based upon 110,053,273 Common Shares. If Mr. Sprott were to exercise all of his warrants to purchase Common Shares including the Warrants, he would hold a 19.85% partially-diluted ownership position in Benchmark.
Benchmark Metals has 96.6 million shares outstanding, had a market cap of $39.12 M on January 24, 2020, and the shares were trading at 40.05 cents.
Company’s Website: www.benchmarkmetals.com
Blackrock Drilled up to 8.32 G/t Gold over 1.5m at Silver Cloud
Blackrock Gold Corp. (TSXV: BRC) is a junior gold-focused exploration company that is on a quest to make an economic discovery. The Company is focused on its recently acquired, 100% controlled Silver Cloud property, a low-sulphidation epithermal gold & silver project located along on the established Northern Nevada Rift gold trend in north-central Nevada.
Blackrock Gold Corp., on January 6, 2020, released partial assay results on its Silver Cloud project.
- Five HQ core holes were drilled at Silver Cloud totaling 2,207 meters (7,240 feet). Partial assay results are received for SBC19-001, SBC19-002, and SBC19-003. Drilling focused on evaluating a potential east-west vein system between the Silver Cloud mercury mine and Northwest Canyon;
- Drilling confirms the existence of an east-west low-sulfidation epithermal quartz veining system and potential for vein hosted gold and silver as well as mineralized rhyolite porphyry intrusives;
- SBC19-001, adjacent to the Silver Cloud mine, intersected 0.7 meters grading 3.95 g/t Au starting at 290 meters (951 feet). This drillhole followed up on historic Teck drilling from 2000;
- SBC19-002, drilled in Northwest Canyon (1,550 metres west of the Silver Cloud mine), intersected a 1.5-metre vein zone grading 8.32 g/t Au starting at 263 meters (864 feet). This drillhole followed up on historic Placer Dome drilling from 2002;
Additional data from drillholes SBC-001, including the bottom 135 meters, and SBC-002 have yet to be received. Assays for drillholes SBC-004 and SBC-005, both of which have significant visible alteration starting at roughly 335 meters are also pending. Hole SBC-005 was by far the deepest of the initial program, going to a total depth of 552 meters, roughly 83 meters beyond the next deepest drillhole (SBC-001). To view the full press release, please visit https://www.newsfilecorp.com/release/51165A
Blackrock Gold has 62.87 million shares outstanding, had a market cap of $11.32 M and was trading at 18 cents on January 24, 2020.
Company’s Website: https://blackrockgold.ca/
Mako Mining Corp Drilled 56.8 g/t Near-Surface, High-Grade Gold, at the Mango Zone
Mako Mining Corp. (TSX-V: MKO), on Jan 6, 2020, reported positive drill results from the Las Conchitas area of its wholly-owned San Albino-Murra property located in Nueva Segovia, Nicaragua.
Drilling at Las Conchitas Extends Near-Surface, High-Grade Gold Mineralization, Highlighted by Intercepts of 56.8 g/t Gold Over 1.4 Meters and 44.6 g/t Gold Over 0.7 Meter at the Mango Zone. View full news here.
Mako Mining Corp. is a publicly listed gold mining, development, and exploration firm. The Company is developing its high-grade San Albino gold project in Nueva Segovia, Nicaragua. Mako’s primary objective is to bring San Albino into production quickly and efficiently by late summer 2020 while continuing the exploration of prospective targets in Nicaragua. According to their 2015 PEA, they will be producing 41300 ounce gold per year with the all-in sustaining cost of $395/oz. See their corporate presentation for details.
Mako Mining Corp. has 583.7 million shares outstanding, was trading at 33.5 cents and had a market cap of $195.54 M on January 24, 2020.
Company’s Website: https://makominingcorp.com/