Monday, October 17, 2016


ALERT: giveaway silver bar contest: 

2) click on the ad you find most interesting,
    and check it out.
3) guess how many coins in my old cigar box...?
     and email me your estimate:
I will count the coins on Xmas eve (2016) and publish
    the winner on my U-tube channel. VR link:


Gold Summary for Oct. 17, 2016

by Stockwatch Business Reporter

New York spot gold gained $4.10, closing at $1,254.60 on Monday. The TSX Venture Exchange lost 0.74 point to 772.28 while the TSX Gold Index rose 3.16 points to 209.14. Most Canadian gold miners moved higher, led byTahoe Resources Inc. (THO), which added 71 cents to $15.22 on 2.14 million shares. Premier Gold Mines Inc.(PG) lost 20 cents to $3.17 on 2.10 million shares.

Gold Summary for Oct. 7, 2016  Stockwatch Business Reporter

New York spot gold gained $2.40 to $1,257.60 on Friday. The TSX Venture Exchange rebounded 14.49 points to 780.80 while the TSX Gold Index rose 1.23 points to 207.20. Most Canadian gold miners traded in a narrow range today after some big swings earlier this week.
Torex Gold Resources Inc. (TXG) recovered $1.16 to $23.75 on 1.17 million shares and McEwen Mining Inc. (MUX) added 20 cents to $4.29 on 1.29 million shares.
Agnico Eagle Mines Ltd. (AEM) slipped another 59 cents to $59.67 on 1.32 million shares, dipping below $60 at its lowest close since mid-spring.

September American Silver Eagle Sales Lowest Since 2007

September close, charts:

silver sales up or down in 2016? see videos:

Gold Summary for Sept. 23, 2016

2016-09-23 21:04 ET - Market Summary

by Stockwatch Business Reporter
New York spot gold gained $0.40 to $1,337.10 on Friday. The TSX Venture Exchange gained 0.34 point to 810.89 while the TSX Gold Index lost 5.26 points to 243.90. Most Canadian gold miners lost ground today. Detour Gold Corp. (DGC) lost $1.10 to $28.35 on 1.16 million shares while Agnico Eagle Mines Ltd. (AEM) shed $2.33 to $71.54 on 814,000 shares.

Gold Summary for Sept. 16, 2016

2016-09-16 20:45 ET - Market Summary
by Stockwatch Business Reporter
New York spot gold fell $4.10 to $1,310.00 on Friday. The TSX Venture Exchange lost 3.38 points to 799.24 while the TSX Gold Index dropped 2.91 points to 234.35. Detour Gold Corp. (DGC) led the few Canadian gold miners moving higher, adding 23 cents to $27.84 on 2.52 million shares. Alamos Gold Inc.(AGI) led the ones in retreat, dropping 66 cents to $10.40 on 3.71 million shares.

Lombardo Paredes Arenas and Michael Davies's Gran Colombia Gold Corp. (GCM) gained one-half cent to 12.5 cents on 7.79 million shares on word it is conducting a "strategic review process that will explore alternatives to enhance shareholder value" -- better known as putting itself on the block. Mr. Davies, chief financial officer, and Mr. Paredes, chief executive officer, say that the review will be broad and will consider finding a major new shareholder, a merger candidate, a debt restructuring, an outright sale of the company -- or anything else that comes along. The time is right for a move, they say, because of current market conditions and the company's improved operational and financial performance this year.

Protecting your wealth in Crisis with Ron Paul:

Interesting article on POG >>>

Gold Summary for Sept. 7, 2016

2016-09-07 21:05 ET - Market Summary

by Stockwatch Business Reporter
New York spot gold fell $4.40 to $1,345.00 on Wednesday. The TSX Venture Exchange lost 3.49 points to 821.89 while the TSX Gold Index slipped 0.22 point to 251.67. Most Canadian gold miners posted modest changes today.Detour Gold Corp. (DGC) led the gainers, adding 57 cents to $33 on 2.60 million shares, while New Gold Inc. (NGD) led the losers, falling 52 cents to $6.73 on 9.66 million shares.

Albert Matter and James Anderson's NuLegacy Gold Corp.(NUG), up one-half cent to 31.5 cents on 475,000 shares, has received assays of up to 2.16 grams of gold per tonne over 21.3 metres at its Iceberg project in north-central Nevada. That one hit contained a 4.6-metre interval that averaged 6.09 grams per tonne, so the remaining 16.7 metres averaged barely one gram per tonne. All five of the latest infill and step-out drill holes returned modest amounts gold, with grades between 0.20 gram and 1.63 grams per tonne. NuLegacy's chief geoscience officer, Dr. Roger Steininger, says that the results are a strong indication that additional drilling will continue to expand Iceberg.

Taseko Mines Limited incorporated:

Taseko is a mining company focused on the operation and development of mines in North America

"Headquartered in Vancouver, Canada, Taseko is the owner (75%) and operator of the Gibraltar Mine, the second largest open pit copper-molybdenum mine in Canada. Taseko’s Aley Niobium Project, Florence Copper Project, and New Prosperity Gold-Copper Project are all advanced staged projects which provide the company with a diverse commodity pipeline."
Taseko, with a large resource in copper and gold, is in my opinion a good long term hold.

Fortune Minerals Limited T.FT

Sector: Metals & Mining | Sub-Sector: Industrial Metals & Minerals 
Alternate Symbol(s):  FTMDF

Time to get in while the price is low...
"Fortune Minerals Ltd is incorporated on August 8, 1998. The Company is a natural resource Company. It is engaged in several mineral deposits and exploration projects in Canada. The Company has two stage development assets namely the Arctos Anthracite Project in northwest British Columbia; and the NICO Project and Sue-Dianne Project."


Sector: Metals & Mining | Sub-Sector: Gold 
Alternate Symbol(s):  SGSVF

With the trend moving up in PM's this company can break out and run...
"Sabina Gold & Silver Corp is a junior exploration company. The Company is engaged in acquisition, exploration and development of mineral resource properties in Canada. Its projects include Hackett River Project, Back River Property and Wishbone Project."

From John Kaiser, Kaiser Research Online

Sabina Gold & Silver Corp. (TSX: T.SBBStock Forum)  is updating the feasibility study on its Back River project, which boasts a 7 million ounce+ gold resource, 5 million of that Measured and Indicated, at grades of 5 g/t or more. 
Sixty percent of the resource is open pittable. It is one of only a handful of projects controlled by a junior capable of producing 200,000-300,000 ounces per year over a long mine life in a safe political jurisdiction. Sabina controls an entire mineral belt and there are numerous prospects and targets that remain to be tested.
With over $27 million in cash and a feasibility study in hand, Sabina has huge leverage to positive changes in gold prices or market sentiment. Management will discuss some of the important changes in their new feasibility study and the company’s plans going forward.

check out the video:


"Canadian Spirit Resources Inc., (“CSRI”) is a Canadian public company focused on the exploration and production of natural gas in the Montney Formation of Northeast British Columbia. 
The Company's significant land base and established resource at Farrell Creek are strategically located along the pipeline infrastructure that will deliver natural gas to the proposed LNG facilities on the West Coast of British Columbia."

They have a massive natural gas resource in the trillions of cubic meters,
and in my opinion are a good long term hold.    SYMBOL(TSX-V):SPI

Monday, October 26, 2015


Vantex appoints Laverdiere CEO, Morissette resigns

2015-10-26 16:05 ET - News Release
Mr. Gilles Laverdiere reports
Vantex Resources Ltd. has made corporate changes. Gilles Laverdiere was appointed as new chief executive officer of Vantex following the resignation of Guy Morissette.
Mr. Laverdiere has been a consulting geologist to exploration mining companies since 2013. From 2011 to 2013, he was senior consulting geologist for Merrex Gold Inc., where he was in charge in developing a gold project in Mali within a joint venture with Iamgold Inc. From 2006 to 2010, he was a consulting geologist in charge of planning and supervising drilling projects in northwestern Quebec and writing NI 43-101 geological reports. From 1998 to 2006, he was CEO of HMZ Metals Inc., where he acquired mining assets in China and listed the company through an initial public offering on the Toronto Stock Exchange. From 1985 to 1997, he has been part of senior management and on the board of many public mining companies, where he evaluated mining prospects, and negotiated and structured financing for various mining companies in Canada, the Philippines, Brazil and Nevada. From 1978 to 1984, he was a geologist with a focus on gold exploration in northwestern Quebec.
Wayne Carlon as vice-president of business development (Oct. 20) and Denis Tremblay as chief financial officer and corporate secretary (effective Oct. 31) also submitted their resignations. The board of directors of Vantex wants to thank them and Mr. Morissette for many years of loyal services and wishes them the best in their future endeavours.
Exploration update
Vantex has completed an MMI soil geochemistry survey over the Morriss and Hurd showings on the Galloway property. A strong bull's eye gold anomaly was detected over the Morriss showing, and another one was detected about 600 metres to the north. Since the MMI geochemistry survey method seems to unveil buried gold deposits on the property, the company has decided to extend the survey on the project. On the Hurd showing, two generally north-south-striking gold anomalies were outlined. One of them is related to the gold intersection in hole VDH-12-59, which intersected 2.68 grams per tonne gold over 9.0 metres. The other gold anomaly remains to be tested by drilling.
Mr. Laverdiere, PGeo, is the qualified person as defined under NI 43-101, who has reviewed and is responsible for the technical information presented in this news release.

© 2015 Canjex Publishing Ltd. All rights reserved.

Monday, February 16, 2015

Petromin Resources Ltd. [PTR]

A small O/G company with a big investment in Chinese shale gas,
producing properties in Alberta, and advanced patented technologies.
A lot of potential upside here going forward...on SALE now.

Petromin Resources Ltd. is a progressive international Petroleum
and Natural Gas Exploration and Production company listed Tier 1 on the
Toronto Venture Stock Exchange.
The Company is currently focused on developing 655 sq km of coalbed methane (CBM)
 land in Western China along the Southern Junggar Basin (in China).
Alongside significant international resource development initiatives in China and Kuwait,
the Company’s core operations include five oil and gas producing properties in Alberta
Canada along the Western Canada Sedimentary Basin.

Petromin is leading the way in technologically innovative methods designed to significantly improve reserves of existing oil pools (EOR) and to enhance the recovery of coalbed methane (ECBM) while significantly minimizing greenhouse gas (GHG) emissions.

(PTR has a 15-20% stake in TWE)
the claim is for 1.8 billion dollars;
PTR owns 15-20% of TWE stock,
which could propel this 2c. stock to be a rare 100 bagger!

VANCOUVEROct. 5, 2015 /CNW/ - Petromin Resources Ltd is pleased to announce that it has elected to participate in the completion of the MIDDLE ELLERSIE ZONE in the 11-35-39-28W4M well located in the Joffre field.
Upon completion, the well will be placed on production through the existing surface equipment and gas gathering and plant system. Petromin retains a 16.667% working interest in the section including an adjacent gas and oil well in LSD1-35-39-28W4M.
Vesta Energy Ltd. will operate the well. The Company also retains a 16.667% working interest in the Duvernay Rights on the section in the center of the east basin Duvernay Play. The Duvernay in general is considered to be a world class emerging play with reserve estimates by the former Energy Resources Conservation Board to contain 443 trillion cubic feet of gas and 61.7 billion barrels of oil.

Monday, November 10, 2014

Canadian producers sheltered from oil’s plunge...

Canadian producers sheltered from oil’s plunge

Canadian crude producers are being cushioned from falling global prices by a drop in the loonie and narrower discounts for heavy oil shipped to key U.S. markets.
Brent crude, the global benchmark, has fallen about 15 per cent over the past 30 days, and U.S. West Texas intermediate has also tumbled sharply. But in Canada, the average price in Canadian dollars received by producers was actually slightly higher in the past month than over the previous 4 1/2 years, Toronto-Dominion Bank economist Leslie Preston said in a report Monday.
CP Video Nov. 10 2014, 6:15 AM EST

Video: Business Forecast: Oil prices could yield gains for TSX


The reason is tied to favourable moves in the currency market, along with a reduced discount for Canadian heavy oil against WTI as more Alberta oil finds its way to U.S. refineries in need of heavy crude.
“It is a bit like the cleanest dirty shirt,” Ms. Preston said in an interview. “The reality is we are better off now because we were worse off two years ago, when we were in the worst phase of discounting and the Canadian dollar was at parity.”
The Canadian Association of Petroleum Producers estimates that a 1-cent decline in the Canadian dollar would be equivalent to a $1-per-barrel rise in the oil price. Since the June peak, the benchmark Canadian heavy Western Canada Select has dropped $12 (U.S.) a barrel, but the loonie has fallen 5 cents against the greenback, cancelling out nearly half the crude price drop.
“It has been partially mitigated but it has not offset the total decline that is out there,” CAPP vice-president Greg Stringham said. Heavy oil accounts for nearly 70 per cent of Canada’s exports so far this year, and like all Canadian production, it is priced in relation to the leading U.S. benchmark, WTI.
Oil prices continued to sink Monday. WTI fell to $77.40 (U.S.) a barrel, down $1.25 on the day and off nearly $30 since its peak in June. The leading international benchmark, Brent, fell more than $1 to $82.34, and has fallen $33 since June.
Canadian heavy oil producers have seen their prices improve relative to WTI, thanks to the expansion of rail and pipeline capacity out of Alberta, and the commission of a heavy-oil processing unit at BP PLC’s Whiting refinery in Indiana.
There has been surging demand for Canada’s extra-thick crude on the U.S. Gulf Coast, home to the world’s largest refining complex, said Jackie Forrest, vice-president of energy research at ARC Financial Corp. in Calgary. The region has capacity to soak up as much as 2.7 million barrels a day of heavy oil, Ms. Forrest said.
But consumption has been held back, averaging just 1.8 million b/d so far this year, amid a pullback in deliveries from traditional suppliers in Venezuela and Mexico, and protracted delays building pipelines such as TransCanada Corp.’s Keystone XL.
“So that gap is the opportunity for Canada, because that’s actually refineries that would prefer to take heavy crude that just can’t get it,” Ms. Forrest said. “That’s translated into stronger prices back here in Western Canada as well for heavy crudes compared to light crudes.”
Discounts for Western Canada Select, the key oil sands benchmark, have shrunk to an average of about $19 (U.S.) this year from roughly $24 a year ago, for example.
Prices are expected to more closely track the U.S. benchmark as more production heads south from Alberta through expanded rail networks and new pipeline connections. “There’s still a very big market for Canadian heavy crude in the Gulf Coast despite the growth of tight oil,” she said, referring to the boom in unconventional light oil production in the United States.
Ms. Preston, the TD economist, said lower prices won’t stall Canadian production growth until later this decade because supply coming on stream now was planned several years ago. “We still expect over the next couple of years production to grow year over year by 5 to 6 per cent … but I would expect to see a hit to corporate profits and government revenues over the next couple quarters.”
While some companies have shelved high-cost projects, those decision were taken prior to the slump in prices and had more to do with market access, cost inflation and a renewed emphasis on high-return projects rather than growth for growth’s sake.
The cash crunch is more likely to impede production from unconventional tight oil plays, like Alberta’s Duvernay, where the investment cycle is shorter, than in the long-lead-time, capital-intensive oil sands projects.