Tuesday, September 19, 2017

Pretium Resources Inc. - PVG.t

Pretium Resources Inc. - PVG.t is advancing the flagship Brucejack project located 65 kilometers north of Stewart in northern British Columbia.

A feasibility study has outlined Proven and Probable mineral reserves in the Valley of the Kings of 6.9 million ounces of gold (13.6 million tonnes grading 15.7 grams per tonne gold)

On September 19, 2017 the media reported NEWS

Pretium Resources Inc. is facing a lawsuit in the Supreme Court of British Columbia over trespassing in a remote area of B.C. The suit claims that Pretium has used a private airstrip and built roads on a 930-acre parcel, among other things. Pretium has refused to stop its activities, the suit complains.

The allegations are contained in a brief notice of claim filed at the Vancouver courthouse on Sept. 15, 2017. The suit was filed by a private company called Kitov Resources Inc. The sole defendant is Pretium. The suit claims that Kitov is the owner of a 930-acre property located 40 kilometres north of Stewart, B.C. (The location puts the property in the same general area as Pretium's Brucejack mine.) According to the suit, the property has a cabin and an airstrip, both of which were in good condition when Kitov acquired the property.


Monday, September 18, 2017

Encana Corporation - ECA.t

Encana Corporation - ECA.t is a leading North American energy producer focused on growing its strong portfolio of diverse resource plays producing natural gas, oil and natural gas liquids.

It was formed in 2002 and descends from the 19th century Canadian Pacific Railway and 'Canadian Pacific Oil and Gas'

On August 28, 2017 the media released News

The Globe and Mail reports that Canadian motorists are seeing an increase in gasoline pump prices as a result of hurricane Harvey's impact on the Texas refining sector. A Canadian Press dispatch to The Globe reports that gasoline for September delivery has risen 15 U.S. cents a gallon in futures market since the middle of last week -- or about four Canadian cents a litre -- as major Texas refineries remained closed until companies determine when they can be safely restarted. With weather forecasts predicting the deluge to continue around the Houston refining hub, it could be days or weeks before those facilities are back in operation.




Sunday, September 17, 2017

Golden Triangle hot as Potatoes, for now

The 'Golden Triangle' in northern British Columbia is in the midst of a major rush, both retail money and staking.

A Golden Triangle claim/promotion has made market darlings out of a score of TSX Venture companies.
Leading the charge has been GT Gold (GTT.v) with a more than 600% gain inside of three months on the back of just a single round of drill results. Most mouthwatering was a spectacular 51.53 g/t Au (1.5 oz/ton) and 117.38 g/t Ag over 6.95 metres (22.80 feet).

Garibaldi Resources (GGI.v) is drilling near the Eskay Creek camp at its 100% owned E&L project. For those willing to roll the bones on 'visual results' we have 176 meters of 'nickel-copper sulphide mineralization'. Assays are pending.
Metallis Resources (MTS.v) is currently drilling the Cliff porphyry target at its 100% owned Kirkham property. Metallis has reported that initial examination of drill core intersected mineralized monzonite throughout. Core has been split and sent to the assay lab.

Aben Resources (ABN.v) recently expanded its 2017 drill program and is also awaiting assay results from what it noted was 'several intersections of discrete zones' of massive quartz veins and quartz-sulphide vein breccias, both of which have been associated with high grade gold mineralization in the region. The Forest Kerr project is located adjacent to the Eskay Creek camp.

Simple fact here is that 'winter is coming' if it hasn't already arrived in the area. The exploration window is quickly closing, meaning results will dry up for the better part of six months. Given the massively expanded market caps in evidence, one best tread carefully. The tried and true 'buy on rumor, sell on news' has extreme relevance for retail investors.
See ----->http://pennystockjournal.blogspot.ca/2017/07/gt-gold-corp-gttv.html
See ----->http://pennystockjournal.blogspot.ca/2017/07/garibaldi-resources-corp-ggiv.html
See ----->https://pennystockjournal.blogspot.ca/2017/09/metallis-resources-inc-mtsv.html

Friday, September 15, 2017

New gold mines online this year in Canada

Pretium Resources’ Brucejack mine, in B.C.’s Golden Triangle, achieved commercial production in July – eight years after the high grade Valley of the Kings deposit was discovered.

The deposit was discovered in 2009 by Silver Standard Resources and a year later, Pretium Resources had its IPO and acquired the project. Over its first eight years, Brucejack is expected to produce 504,000 oz. of gold annually, with production averaging 404,000 oz. per year for the remaining 10 years.
TMAC Resources declared commercial production at the Hope Bay mine, 125 km southwest of Cambridge Bay in Nunavut, on May 15. The underground mine is expected to produce 160,000 oz. of gold per year over a 20-year mine life at 2,000 t/d from three deposits.
Atlantic Gold’s Moose River Consolidated (MRC) mine, about 85 km northeast of Halifax. Over a minimum 8.5-year mine life, MRC will produce 87,000 oz gold per year from two open pit deposits. Construction at the mine, which began in the second quarter of 2016, was over 95% in August. Commercial production is expected in early 2018.
New Gold bought the Rainy River gold project, 65 km northwest of Fort Frances, Ontario in 2013. Slated for first production in September and commercial production in November, Rainy River will be the company’s fifth mine.

With a 14-year mine life, the open pit and underground operation is expected to produce 325,000 oz a year over its first nine years at a rate of 21,000 t/d. Proven and probable reserves total 3.8 million oz gold and 9.4 million oz silver in 104.3 million tonnes.