Quick Analysis

Golden Arrow Resources Acquires Rosales Copper Project In Chile, Drops Indiana Project

As Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) renegotiated their Indiana gold project in Chile not too long ago into very favorable terms, I was surprised to recently read about the company dropping the project:

“The Company also wishes to report that it is not proceeding with its option of the Indiana Gold-Copper project in Chile.”

when announcing in the same news release the acquisition of the Rosales Copper project, located in Chile as well, which is less advanced, and will be discussed later on.

Genesis Metals Builds High-Grade Ounces at Chevrier

This article by James Kwantes has been published first at Resource Opportunities and Streetwise Reports.
All pictures are company material, unless stated otherwise.

Genesis Metals Corp. (GIS:TSX.V; GGISF:OTC) is building ounces and grade at its Chevrier project in Quebec's Abitibi Greenstone Belt, as Phase 1 drill results outline growing zones of higher-grade material within the existing Main Zone deposit. The drill results are changing the profile of the deposit, which hosts current indicated mineral resources of 395,000 ounces (8.5 Mt averaging 1.45 g/t gold; cutoffs 0.5 g/t open pit and 0.95 g/t underground) and inferred mineral resources of 254,000 ounces (5.9 Mt averaging 1.33 g/t gold; cutoffs 0.5 g/t open pit and 0.95 g/t underground).

Avrupa Minerals Finally Secures Exploitation Permit For Alvalade, JV With MATSA Finalized, Preparing Drill Program

 

As gold stocks are getting all the attention at the moment with gold firmly in an upward trend it seems, one could almost forget the existence of base metal juniors. This is not entirely justified in my opinion, as for example copper has recovered completely from its March lows, as can be seen in this chart per pound Cu by Macrotrends:

Golden Arrow Resources Buying Back 10% Of Outstanding Shares; Exploration Temporarily Halted By Pandemic

 

The Corona virus pandemic together with the Saudi Arabia-Russia oil production increase took its toll on the equity markets the last few weeks. The commodity markets in particular got hit too, as main end user China got hit by a halt in manufacturing plants across the economy. Precious metals like gold rose initially, but after the virus spread globally it got sold off ruthlessly like any other asset class. Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) as a gold explorer didn’t come out completely unharmed either, as the following chart shows:

Share price Golden Arrow Resources 1 year time frame; Source: Tmxmoney.com

Golden Arrow Resources Renegotiates Indiana Project Deal; Ready For Drilling And A Potential New Precious Metals Bull Market

Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE) recently came out with some pretty interesting news on their Indiana gold project in Chile. They managed to amend the definitive agreement with the property owner Mineria Activa, a Chilean private equity investment management firm focused on exploration to production-stage assets in mining. Golden Arrow now has the right to earn 100% of Indiana over a 74-month period, expiring in December 2024, and the total cost of US$15.1M has not changed.

Standard Lithium Arranges C$5M Convertible Loan Financing

Building demonstration plant at Lanxess Project site

It seems more and more likely that Standard Lithium (TSXV: SLL) (OTCQX: STLHF) (FRA: S5L) is displaying a serious commitment of giant JV partner Lanxess these days, with construction of the demonstration plant advancing rapidly along the way. Standard managed to arrange a C$5M (US$3.75M) convertible loan and guarantee agreement with Lanxess on October 30, 2019, and has already been paid out to Standard. The proceedings will be used for the ongoing development of the mentioned demonstration plant, which is capital intensive.

All presented tables are my own material, unless stated otherwise.

Alianza Minerals Raises C$750,000, Signs LOI With Coeur, Starts Exploration Programs

Haldane project

Although Alianza Minerals (ANZ.V) had to wait for better weather until exploration programs could kick off in the Yukon, the company hasn’t been sitting on their hands in the mean time. Very recently, it signed a LOI with a subsidiary of Coeur Mining (NYSE:CDE) to explore the high grade silver/lead/zinc Tim project in the Yukon, it raised C$750k on June 25, 2019, and a bit further back it also arranged a JV with Hochschild Mining about 3 Nevada projects, and started field work on all three, funded by Hochschild. As sentiment in metals and mining turned slightly more negative after PDAC in March, Alianza was testing the 5-6c support (which I mentioned in my first article around that time) earlier than I thought:

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