Silver Bull Resources, Inc. {TSX: SVB announced that  it has identified two new zones of high grade sulphide mineralisation at its Sierra Mojada Project in Coahuila, Northern Mexico. 

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Vancouver, British Columbia — Silver Bull Resources, Inc. {TSX: SVB} is pleased to announce it has identified two new zones of high grade sulphide mineralisation at its Sierra Mojada Project in Coahuila, Northern Mexico. 

• Highlights from the channel sampling program include:
  • Sample N342057 @ 30.7% Zinc, 124g/t Silver, 15.8% Lead, 0.26% Copper.
  • Sample N342060 @ 27.5% Zinc, 80.5g/t Silver, 4.18% Lead, 0.18% Copper.
  • Sample N342068 @ 27.2% Zinc, 149g/t Silver, 14.5% Lead, 0.26% Copper.
  • Sample N342072 @ 26.6% Zinc, 160g/t Silver, 9.23% Lead, 0.33% Copper.
  • Sample N342063 @ 25.3% Zinc, 105g/t Silver, 4.13% Lead, 0.09% Copper.
  • Sample N342069 @ 22.2% Zinc, 101g/t Silver, 16.05% Lead, 0.15% Copper.
  • Sample N342071 @ 22.1% Zinc, 182g/t Silver, 9.79% Lead, 0.49% Copper.
  • Sample N342075 @ 21.8% Zinc, 159g/t Silver, 17.6% Lead, 0.36% Copper.
  • Sample N342064 @ 20.7% Zinc, 146g/t Silver, 4.58% Lead, 0.12% Copper.
  • Sample N342083 @ 20.6% Zinc, 104g/t Silver, 0.18% Lead, 0.37% Copper.
  • Sample N342067 @ 20.2% Zinc, 69.5g/t Silver, 4.23% Lead, 0.12% Copper.
  • Sample N342074 @ 19.45% Zinc, 90.2g/t Silver, 7.47% Lead, 0.13% Copper.
  • Sample N342058 @ 17.25% Zinc, 175g/t Silver, 3.34% Lead, 0.53% Copper.
  • Sample N342051 @ 15.65% Zinc, 53.9g/t Silver, 4.91% Lead, 0.17% Copper.
  • Sample N342061 @ 14.6% Zinc, 37.9g/t Silver, 2.94% Lead, 0.13% Copper.
  • Sample N342059 @ 13.9% Zinc, 32.8g/t Silver, 2.53% Lead, 0.07% Copper.
  • Sample N342073 @ 13.55% Zinc, 41.1g/t Silver, 3.03% Lead, 0.06% Copper.
  • Sample N342078 @ 11.7% Zinc, 606g/t Silver, 2.16% Lead, 0.40% Copper.
  • Sample N342065 @ 11.55% Zinc, 113g/t Silver, 4.85% Lead, 0.23% Copper.
  • Sample N342070 @ 11.25% Zinc, 18.2g/t Silver, 1.05% Lead, 0.02% Copper.
  • Sample N342052 @ 10.2% Zinc, 49.7g/t Silver, 2.3% Lead, 0.06% Copper.
  • Sample N342053 @ 7.12% Zinc, 25g/t Silver, 1.44% Lead, 0.02% Copper.
  • Sample N342066 @ 6.77% Zinc, 90g/t Silver, 1.20% Lead, 0.40% Copper.
• The new sulphide zones were identified in 350 meters of previously inaccessible historical underground workings that were recently reconditioned by Silver Bull.
• The new sulphide zones lie to the west of Silver Bull’s recent drilling along an east-west trend which includes diamond core intercepts of 9 meters @ 20.7% Zinc, 98g/t Silver, 1.0% Lead and 0.26% Copper and 16 meters @ 396g/t Silver and 1.61% Copper.
• The new zones lie within a 1.4 kilometer long east-west trending “chargeability high” identified through a gradient Induced Polarization (IP) survey. The chargeability anomaly remains open towards the west and coincides with a convex “roll over” in the sole of a thrust fault identified through drilling and underground mapping.

The channel samples outlined in this news release target two new zones of sulphide mineralisation recently identified by accessing and reconditioning underground workings not previously accessible to Silver Bull.

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Continuous chip samples up to 2 meters in length were taken along the walls of the underground workings. The purpose of the program was to extend the mineralisation of the known sulphide zone, and better understand the geology and controls on the mineralisation, and confirm the overall grades of the sulphide grades historically mined at Sierra Mojada.

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Approximately 350 meters of “new” underground workings were opened up and 39 initial channel samples taken. Twenty one (21) samples recorded values over 10% zinc with a peak value of 30.7% zinc, Twenty one (21) samples recorded values over 100g/t silver with a peak value of 606g/t silver, and nine (9) samples recorded values over 5% lead with a peak value of 17.6% lead. A summary of the results are shown in the table below.

The Sulphide Zone: A continuous underground channel sampling program conducted by Silver Bull during the month of August 2017 identified a series of east-west trending high angle structure hosting sulphide mineralisation (announced in a news release on 11 September 2017). Results from the continuous channel sampling program yielded 31.5 meters grading at 22.36% zinc, 134.5g/t silver, 2.05% lead, 0.21% copper and 10.5 meters @ 432g/t silver, 1.15% zinc, 0.05% lead, 1.22% and was the target of the 2017 drill program. The newly discovered sulphide mineralisation outlined in this news release is interpreted to be an extension this this mineralisation and will be targeted with drilling in the first quarter of 2018.

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The Drill Program: Silver Bull is utilizing a company owned Termite drill rig to target the sulphide mineralisation. The Termite is capable of drilling up to 100 meters of NQ diamond core and five drill stations are presently planned with more expected to be added as the drill program progresses. 25 drillholes were completed in 2017 totaling 1086 meters of drilling and continued results from this program are expected shortly. 

Figure 1. Location of the new sulphide zones of mineralization in relation to the area drilled underground in 2017 and the previously defined oxide 43-101 resource at Sierra Mojada.

Figure 2. Location of the new sulphide zones in relation to the area of sulphide mineralization drilled in 2017 and hole B11144, which intersected 8.45 meters @ 17% Zinc, 5.45% lead, and 60g/t silver. All known sulphide occurrences are located in an east-west trending chargeability high identified in an Induced Polarization geophysics survey. This geophysics anomaly is over 1.4 kilometers in length and is open to the west.

Figure 3. Plan View map of the underground workings and sample locations for the initial channel sampling program. The area shown in red represents 350 meters of newly accessed historical workings. Silver Bull intends to move the termite drill rig west along these workings targeting the extension of the sulphide mineralisation drilled in 2017.

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Tim Barry, President, CEO and director of Silver Bull states, “350 meters of historical workings were opened up along the east-west trend of the sulphide mineralisation we drilled in 2017. This channel sampling program clearly shows the continuation of high grade mineralisation towards the west. Our underground geological mapping shows a number of high angle structures up to 2 meters wide containing sulphide mineralisation grading up to 1,300 grams per ton silver, 42% zinc, 18% lead, and 13% copper that appear to feed into the overlying oxide zone. Our plan for the first part of 2018 is to walk our drill rig along these newly opened up east-west underground workings with the view of demonstrating continuity of the mineralization. The exceptionally high zinc numbers we see in the new area is consistent with what we see in other areas we drilled in 2017 and presents an exciting new target. In addition to the continued drilling along the sulphide trend we expect to have additional results from our 2017 drill program out to the market shortly”.

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About the Sierra Mojada deposit: Sierra Mojada is an open pittable oxide deposit, as disclosed in the NI43-101 “Technical Report on the Resources of the Sierra Mojada Project Coahuila, Mexico” dated June 8, 2015, with a NI43-101 compliant measured and indicated “global” resource of 58.7 million tonnes grading 3.6% zinc and 50g/t silver at a $13.50 NSR cutoff giving 4.670 billion pounds of zinc and 90.8 million ounces of silver. Included within the “global” resource is a measured and indicated “high grade zinc zone” within the Lerchs-Grossman (LG) Optimized Pit of 10.03 million tonnes with an average grade of 11% zinc at a 6% cutoff, giving 2.426 billion pounds of zinc, and a measured and indicated “high grade silver zone” of 19 million tonnes with an average grade of 102.5g/t silver at a 50g/t cutoff giving 62.6 million ounces of silver. Mineralisation remains open in the east, west, and northerly directions. Approximately 60% of the current 3.2 kilometer mineralised body is at or near surface before dipping at around 6 degrees to the east.

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Sample Analysis and QA/QC: All samples have been analyzed at ALS Chemex in North Vancouver, BC, Canada. Samples are first tested with the “ME-ICP41m” procedure which analyzes for 35 elements using a near total aqua regia digestion. Samples with silver values above 100ppm are re-analysed using the Ag-GRA21 procedure which is a fire assay with a gravimetric finish. Samples with zinc, lead, and copper values above 10,000ppm (1%) are re-analyzed using the AA46 procedure which is a near total aqua regia digestion with an atomic absorption finish. 

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A rigorous procedure is in place regarding sample collection, chain of custody and data entry. Certified standards and blanks, as well as duplicate samples are routinely inserted into all sample shipments to ensure integrity of the assay process.

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About Silver Bull: Silver Bull is a mineral exploration company whose shares are listed on the Toronto Stock Exchange and trade on the OTCQB in the United States, and is based out of Vancouver, Canada. The “Sierra Mojada” project is located 150 kilometers north of the city of Torreon in Coahuila, Mexico, and is highly prospective for silver and zinc.

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The technical information of this news release has been reviewed and approved by Tim Barry, a Chartered Professional Geologist (CPAusIMM), and a qualified person for the purposes of National Instrument 43-101.

On behalf of the Board of Directors

“Tim Barry”

Tim Barry, CPAusIMM
Chief Executive Officer, President and Director

GoldMining Inc. {TSX-V: GOLD} announced that it has entered into an agreement  with Viking Gold Exploration Inc. to indirectly acquire the Maguire Lake property.

The Property includes the RG1, RG2 and RG3 claims, which cover a total area of 1,797.6 hectares and are contiguous with the western boundary of the Company’s Nicholas Lake-Ormsby property.

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GOLDMINING TO ACQUIRE ADDITIONAL GOLD CLAIMS CONTIGUOUS WITH ITS YELLOWKNIFE GOLD PROJECT FOR A TOTAL AREA OF 11,502 HECTARES

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Kootenay Silver Inc. {TSX.V: KTN}  announced that further to its press releases dated November 15, 2017 and December 14, 2017, it has closed the final tranche of its non-brokered private placementand has issued an aggregate total of 20,094,480 units at a purchase price of $0.20 per Unit for total gross proceeds to the Company of $4,018,896.

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Kootenay completes their CAD$ 4 million placing.

Mr. James McDonald reports:

VANCOUVER, Jan. 8, 2018 /CNW/ – Kootenay Silver Inc. {TSX.V: KTN} is pleased to announce that further to its press release dated November 15, 2017 and December 14, 2017, it has closed the final tranche of its non-brokered private placement (the “Private Placement”) and has issued an aggregate total of 20,094,480 units (each a “Unit”) at a purchase price of $0.20 per Unit for total gross proceeds to the Company of $4,018,896.

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The final tranche raised $109,000 by issuing 545,000 Units. Each Unit consists of one common share (“Common Share”) and one-half of a transferable common share purchase warrant (each whole warrant a “Warrant”). Each Warrant issued in the final tranche entitles the holder to acquire one Common Share at an exercise price of $0.30 per share until January 5, 2021.

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The net proceeds of the Private Placement will be used to fund the exploration and development of the Company’s La Cigarra project in Chihuahua State, Mexico, possible new acquisitions and for general working capital purposes.

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All securities issued pursuant to the Private Placement are subject to a four month hold period under applicable securities laws in Canada, ending on May 6, 2018.

Radisson Mining Resources Inc.{TSX.V: RDS}  has released additional results from the 21,800-metre drill program completed in 2017 at the O’Brien gold project located along the Cadillac break halfway between Rouyn-Noranda and Val d’Or in Quebec, Canada.

The best intercept was 7.1 m au within a wider intercept of 3.9 g/t over 21m.

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Radisson drills 21.4 m of 3.9 g/t Au at O’Brien

2018-01-09 05:35 ET – News Release

Mr. Mario Bouchard reports

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RADISSON INTERSECTS 6.9 G/T GOLD OVER 7.1 M WITHIN WIDER INTERCEPT OF 3.9 G/T GOLD OVER 21.4 METERS AT O’BRIEN

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Radisson Mining Resources Inc.{TSX.V: RDS}  has released additional results from the 21,800-metre drill program completed in 2017 at the O’Brien gold project located along the Cadillac break halfway between Rouyn-Noranda and Val d’Or in Quebec, Canada.

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As disclosed on multiple occasions in 2017 (see May 9, June 20, Sept. 12 and Nov. 8 press releases) the company continues to confirm the vertical and lateral continuity of high-grade gold intercepts within wider lower-grade mineralised halo on the 36E zone of the O’Brien deposit.

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Press release highlights:

• Hole OB-17-55 intersected 11.8 grams per tonne gold over 2.4 metres and 6.9 g/t Au over 7.1 m within 3.9 g/t Au over 21.4 m at depth of 261.6 m and 275.9 m, respectively, on the 36E zone.
• Today’s results are from 2,259 m of drilling (six drill holes), assays are currently pending from approximately 2,834 m of drilling (11 drill holes).
• Resource growth potential highlighted by the 31,800 m of drilling completed on 36E, Kewagama and Vintage zone north of the O’Brien deposit since 2016.
• Resource estimate update under way at O’Brien. The company expects to publish results from the updated resource estimate during the first quarter of 2018.
• Historical drill core relogging and assaying ongoing on 36E where 28 shallow historical drill holes were selected relogged and sent for assaying.

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“Current results continue to demonstrate strong mineralization continuity and resource growth potential on both 36E and Kewagama zones. The fact that we continue to encounter high-grade gold mineralization within wider lower-grade halo at various depths is encouraging. The relog and assaying program of shallower historical drill holes represents a game-changing opportunity for the expansion of the O’Brien deposit moving forward. We are also excited about the second phase exploration drilling program well under way on the Vintage zone. The drilling program should deliver more insight on the potential of the new zone identified a few metres north of the deposit in 2017,” commented Mario Bouchard, president and chief executive officer.

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Inovio Pharmaceuticals, Inc. {NASDAQ: INO} announced today it has received a milestone payment from MedImmune as MEDI0457 (formerly called INO-3112 which MedImmune in-licensed from Inovio) in combination with durvalumab (MEDI4736) satisfactorily completed the phase 1 safety review portion of the study and has advanced to the phase 2 efficacy stage of the trial.

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Bitcoin BTC Is recovering strongly after the recent fall, which occurred when the CME Bitcoin Futures Contract commenced on the 18th December. A CME contract is 5 Bitcoin.

The CME Futures contract gave Wall St. influence over Bitcoin prices, ending its erstwhile independence from the normal financial influencers.  

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Bitcoin regaining strength after recent severe drop.

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Bitcoin $BTC Is recovering strongly after the recent fall, which occurred at the time of the CME Futures Contract commenced on the 18th December.

The CME Futures contract gave Wall St. influence over Bitcoin prices, ending its independence from the normal financial influencers. A CME contract is 5 bitcoins.

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Bitcoin was trading at just under $21,000 at the point of the CME contract opening, but rapidly fell to $12,000 within days, as did other crypto currencies.

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Since that nadir, the price has steadily risen and is now trading around $17,000, with some cryptos rising more in percentage terms as the battle between Ripple (XRP), and Ethereum (ETH) for second place hots up.

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Ripple has risen 320% since the 18th December, Ethereum 40%.

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• The total crypto market cap is $823,946,373,163

• There are now 1,384 crypto currencies

Crypto currencies have, until now, been the product of independent software developers and the first, Bitcoin, was created by Satoshi Nakamoto (pseudonym).

Venezuela is set to break the mould, and become the first nation to issue an official crypto currency, the ‘Petro’, each coin or token being backed by  one barrel of oil. This is the first crypto currency to be backed by a tangible asset.

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Crypto currencies have, until now, been the product of independent software developers and the first, Bitcoin, was created by Satoshi Nakamoto (pseudonym).

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Venezuela is set to break the mould, and become the first nation to issue an official crypto currency, the ‘Petro‘, each coin or token being backed by  one barrel of oil. This is the first crypto currency to be backed by a tangible asset.

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As most people already know, Venezuela has been a socialist disaster, and is bankrupt, recently defaulting on bond payments. This looks like the president, Maduro, has seen a way to create fiat currency out of thin air by launching 100 million ‘Petros’, each one backed by a barrel of oil.

Mining of the Petro will commence on the 14th January 2018, and it will be interesting to see the popularity. If this proves to be a success, I foresee a whole host of impoverished countries following the same route to effectively monetise their physical assets in the ground, such as oil, gold, copper etc.etc. by issuing their own crypto currencies.

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Russia is also planning its own currency, the ‘Neft‘, which is the Russian word for oil or petrol. Such a move would allow Russia to avoid US financial sanctions, and is probably the prime motivator.

Smartcool Systems {TSX.V: SSC} – At the annual general and special meeting of Smartcool Systems Inc. shareholders of the company elected Haiwen Qian, the company’s executive vice-president, business development, as a new director of the company.

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Smartcool holders elect Qian to board

2017-12-12 10:14 ET – News Release

Mr. Ted Konyi reports

SMARTCOOL ANNOUNCES APPOINTMENT OF NEW DIRECTOR

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At the annual general and special meeting of Smartcool Systems Inc. held on Dec. 8, 2017, shareholders of the company elected Haiwen Qian, the company’s executive vice-president, business development, as a new director of the company. Ms. Qian replaces Brad Nightingale on the board of directors. Mr. Nightingale did not stand for re-election at the meeting and the company would like to thank him for his support and dedicated service as a director.

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Ms. Qian holds a bachelor’s degree in electronic engineering from Tianjin University of China. In more than 20 years of working with various business ventures in Canada, Ms. Qian has founded and operated successful business in manufacturing, educational training and international trading. Ms. Qian is an independent investor and business consultant and has also been involved in numerous business development projects for North American companies. Ms. Qian has extensive experience with assisting North American companies to become established and financed and to set up operations in China.

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About Smartcool Systems Inc.

Smartcool provides cutting-edge energy efficient and energy cost-reduction solutions for businesses around the world. The ECO3 and ESM are Smartcool’s unique retrofit technologies that reduce the energy consumption of compressors in air conditioning, refrigeration and heat pump systems by up to 40 per cent, giving a return on investment in as little as 12 months.

Scorpio Gold Corp. {TSX.V: SGN} announced the results of an updated positive feasibility study to process the heap leach material and additional open-pit mineral reserves at its Mineral Ridge property (70%), located in Esmeralda County, Nevada.

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News – Thursday, January 04, 2018
Scorpio Gold Announces Results of Updated Feasibility Study for Mineral Ridge, Nevada

Vancouver, January 4, 2018 – Scorpio Gold Corp.  {TSX.V:SGN} is pleased to announce the results of an updated positive feasibility study (“the Project”) to process the heap leach material and additional open-pit mineral reserves at its Mineral Ridge property (“the Property”), located in Esmeralda County, Nevada. Scorpio Gold holds a 70% interest in the Property, along with joint venture partner Elevon, LLC (30%). 

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This updated feasibility study includes the economic results of processing the reserves, in addition to the previously issued feasibility study (refer to press releases of October 10, 2017 and November 6, 2017) which considered only the processing of the heap leach pad reserves.

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Brian Lock, Interim CEO comments, “Further to our prior announcement of the October 2017 feasibility study, the Company has received the results from Mine Technical Services on the mineable, higher-grade mineralisation in the existing pits at Mineral Ridge, which increase the available mineral resources to 348,200 oz in the measured and indicated category, for an initial total reserve of 272,200 oz in the proven and probable category. The positive updated feasibility study indicates average gold sales of 33,400 oz/yr over an operating period of 7.5 years, with a net present value (NPV) discounted at 5% (after-tax) of $35.1 million and an internal rate of return (IRR) of 30.0%. In addition, the Company believes future exploration at Mineral Ridge, if successful, may add to the known resources and potentially further extend the life-of-mine. Given the long operating history of Mineral Ridge by Scorpio Gold and predecessor companies, the existing infrastructure on site, and our management team’s experience at the Project, we are confident in successfully executing on this next phase of the mine.”

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Mineral Resource Statement

The Mineral Resource estimate for the material on the heap leach pad that is directly amenable to processing is provided in Table 1. No cut-off criteria have been applied since there will be no selectivity of areas to be processed and the leach pad will be processed in its entirety. The Mineral Resources are reported inclusive of Mineral Reserves and have an effective date of 29 June 2017. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Qualified Person (QP) for the estimate is Mr. Ian Crundwell, P.Geo.

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The Mineral Resource estimate for the open-pit (other) areas is provided in Table 2 (Measured and Indicated) and Table 3 (Inferred). The Mineral Resources are reported inclusive of Mineral Reserves and have an effective date of 30 November 2017. Mineral Resources that are not Mineral Reserves do not have demonstrated economic viability. The Qualified Person for the estimate is Mr. Ian Crundwell, P.Geo.

To read the full news release, please click HERE

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Colonial Coal {TSX.V: CAD} recently announced a significant maiden discovery on their Flatbed property of some 300 million tons of metallurgical (coking) coal resource.

In terms of value this increase is significant, yet the market only now seems to be waking up to the fact, with the share price up strongly on higher volume of shares traded.

Map of the Peace River Coalfield, Flatbed is licence 3, and Huegenot licence 4

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Colonial Coal {TSX.V: CAD} recently announced a significant maiden discovery on their Flatbed property of some 300 million tons of metallurgical (coking) coal resource.

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In terms of value this increase is significant, yet the market only now seems to be waking up to the fact, with the share price up strongly on higher volume of shares traded.

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Two months ago CAD had a 400 million ton resource at Huegenot, and the price of metallurgical (coking) coal was CAD$ 240. Two months later the situation is that CAD now have 700 million tons at Huegenot and Flatbed, and the price of coking coal is now CAD $ 360.

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So we have a resource increase of 75% and a 50% increase in the price of coking coal, yet the stock price is only now starting to respond.

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The FOB cost of producing and transporting the coal to the ship on board is currently now around $CAD 130. The current margin is far higher than the norm, coal is a high volume low margin product normally.

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Under any normal metrics Colonial Coal looks very undervalued.

Inovio Pharmaceuticals, Inc. {NASDAQ: INO}  announced that it entered an amended agreement providing ApolloBio Corporation (NEEQ: 430187) with the exclusive right to develop and commercialise VGX-3100, Inovio’s DNA immunotherapy product designed to treat pre-cancers caused by human papillomavirus (HPV), within Greater China (China, Hong Kong, Macao, Taiwan).

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City Investors Circle wishes all their readers and event attendees a happy, healthy, and prosperous 2018!

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May 2018 be prosperous for us all!

Happy New Year everyone

Cascadero Copper {TSX.V: CCD} have released a property synopsis, prepared by CEO Bill McWilliam.

Cascadero feel, like many other junior explorers, they are not receiving a proper valuation from the marketplace.

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Cascadero Copper {TSX.V: CCD} have released a property synopsis, prepared by CEO Bill McWilliam.

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Cascadero feel, like many other junior explorers, they are not receiving a proper valuation from the marketplace.

A brief introduction to the synopsis is pasted below, which is refreshingly honest, and I have a complete document that I can send out to anyone interested, please email andrew@city-investors-circle.com

EXECUTIVE SUMMARY by Bill McWilliam CEO and Chairman.

Cascadero began operations in Salta province in 2004. The business plan stressed the importance of acquiring properties that had potential scale. We focused on large alteration systems indicating the presence of sub-surface fluids that altered the surface rocks and on outcrops of all types, preferably with some sign of mineralisation, for assay. The Company acquired a geochemical data base in partnership with a geologist, who was also a prospector, and two prospectors who had substantial experience in the Puna region of north western Argentina. The principal role of the prospectors is to find mineralisation. We did not focus on copper or gold or silver as the mantra was “let the assays tell us what the rocks are.” We also used a 60-element ICP assay, which decision turned out to be a great idea. The principal role of a geologist is to recognise the existence of phenomena before trying to explain them. (B.M. Keilau 1825). There was also an urgency to sample rocks over as much of the Puna as possible. The traditional definition of this is “boot and hammer prospecting” in the Greenfield as we believed the metal markets had bottomed out and would likely rise in price and create competition for good grass roots properties. We entered Argentina after a four year period of depression and currency confusion. Perfect timing?

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The Argentine Puna is about 300 kms north south and 200 kms east west and is classic basin and range terrain, with strong north south structural control and east west continental-scale transverse structures. In Chile this geologic setting controls many of the largest copper deposits in the world. In addition to these excellent structural conditions, the eastern margin of the Puna is a tectonic plate collision zone, which created suture zones and faults that provided conduits for mineralisation to reach surface. This said, the best part was that the Puna was lightly prospected almost like a first pass short term curiosity program. The Puna did not receive much modern geological concepts and serious prospecting was virtually non-existent. Cascadero acquired Argentine properties from 2004 to 2011. The Company reviewed more than 110 showings and by 2011 the Cascadero subsidiary acquired 61 tenements amounting to 169,173 hectares. The properties were in three Argentine provinces: primarily in Salta, with lesser interests in Catamarca and Jujuy. Six years later the 2017 portfolio consists of 25 tenements covering 40,880 hectares and it represents a rendering of the 2011 portfolio. The Core Projects are in Salta province and are grouped in three areas: Taca Taca, Santa Rosa, and Taron. For the most part the Company held a 100% interest in the tenements. No tenement is currently subject to an underlying agreement.

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The principal objective of exploration geology is to provide a drill target as soon as possible. When starting to fulfill this objective we fully learned that doing this it is very uncertain that you can arrive at a drill target. In addition, if a drill target is determined and drilled, the assays will determine the next step. Exploration geology is a binary business: the drill hole assays range between zero and one. The program conundrum is if the assay is in mid-range what to do. The next step is critical. Drill holes are the only way to create value for shareholders but they are expensive and the geologist has to make tough decisions based on assay and budget constraints.

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One of the objectives for me now is to address why the stock trades at 7 cents per share? We believe the primary answer is that the Company has not over 10 years of operations developed a property to achieve a valuation metric. This is a bit of a hangover from the property generator business model where we drilled holes to determine if the surface mineralisation or alteration assemblage was forecasting sub-surface mineralisation. The much heralded property generator model is not that friendly when you get low on cash as the model turns into a real estate portfolio and the company is rapidly consumed by paying taxes on the whole portfolio.

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It is difficult to provide a concise summary of the 13 years of work but we have seven prospects lined up to drill in 2018 or ASAP. We have had several exploration successes and we have several properties we will get to the drill stage.

In effect, the generator model provided valuable data on several properties instead of focusing on one or two mineral systems. The Company’s geochemical database is now very valuable as a guide to prospective properties. From a risk point of view we made the correct decision for future value but the lack of a valuation metric has created a range bound stock price. In addition, and this was a management preference as our ideas were always a little bit ahead of the Company’s capitalisation. This created a chronic working capital deficit that we are in the process of fixing and we have the properties to do that. In effect the working capital problem was an investment in the Company’s future.

Tinka Resources {TSX.V: TK} has been tipped by Brent Cook as one of this three tips for 2018.

Brent has held since PDAC 2017, and likes the exploration success and upside potential, and notes the paucity of good zinc exploration projects.

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Tinka drilling in 2017

Comment

Tinka has been a real success story in 2017, they are well funded, and have had excellent results with the drill.

They are located in a very prospective area of Peru, and the mining friendly president has just survived an impeachment vote, and looks set to remain for the duration of his term.

Add in the rise in the zinc price to a 10 year high, and the strength in the tin price, and the stock looks attractive at these levels.

I expect TK to be taken out before too much longer, I can’t imagine them taking it into production, surely a larger company will do that? Any takeout will clearly be beneficial for shareholders, premiums have been healthy recently.

Tinka Resources {TSX.V: TK} has been tipped by Brent Cook as one of this three tips for 2018.

Brent has held since PDAC 2017, and likes the exploration success and upside potential, and notes the lack of good zinc exploration projects.

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“Brent states “ The company delineated a high grade zinc resource containing 5.6 billion pounds grading 7.3% zinc equivalent at its wholly-owned Ayawilca project in a prolific belt of central Peru in November 2017, and continues to drill to infill and expand the resource outline and quantify the potential of its land package”.

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Lithium Power International {ASX: LPI} is on track to become the lowest quartile cost lithium producer, according to an article in the Mining News.

Australian listed LPI is a JV partner in the Maricunga lithium brine project in northern Chile, in the “lithium triangle”.

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Lithium Power International {ASX: LPI} is on track to become the lowest quartile cost lithium producer, according to an article in the Mining News.

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Australian listed LPI is a JV partner in the Maricunga lithium brine project in northern Chile, in the “lithium triangle”.

.To read the full article, please click HERE

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Condor Gold {AIM: CNR} announced that it has received a receipt from the Ontario Securities Commission for its final non-offering prospectus (the “Prospectus”) and has, accordingly, become a reporting issuer in the Province of Ontario.

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Condor Gold Files Final Prospectus and Becomes Reporting Issuer in Ontario 

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Mr. Mark Child reports:

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LONDON / December 27, 2017  Condor Gold (AIM: CNR; OTCQX: CNFGF) is pleased to announce that it has received a receipt from the Ontario Securities Commission for its final non-offering prospectus (the “Prospectus”) and has, accordingly, become a reporting issuer in the Province of Ontario.

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As previously announced, Condor has received the conditional approval for the listing of its ordinary shares (the “Ordinary Shares”) on the Toronto Stock Exchange (“TSX”). The Company expects that its Ordinary Shares will begin trading on the TSX in January 2018 under the symbol “COG”.

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A copy of the Prospectus is available under Condor’s profile on SEDAR at www.sedar.com and on the Company’s website at www.condorgold.com

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The Company will remain listed on the AIM market of the London Stock Exchange and its shares trade on the OTCQX. Shareholders/Investors who wish to buy additional shares or sell existing holdings acquired through AIM can continue to do so in the normal manner. Once the Ordinary Shares begin trading on the TSX, shareholders who wish to trade on the TSX must have a Canadian broker. Shareholders who wish to sell existing shareholdings on the TSX must first transfer their holdings from Computershare’s UK Share Register to Computershare’s Canadian Share Register.

Further information on this process will be provided on Condor’s website.

Scandium International Mining Corp. {TSX: EMC} had its price objective hoisted by stock analysts at Canaccord Genuity from C$3.80 to C$3.90 in a research note issued to investors on Wednesday.

The firm currently has a “speculative buy” rating on the stock.

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Scandium International Mining Corp. {TSX: EMC} had its price objective hoisted by stock analysts at Canaccord Genuity from C$3.80 to C$3.90 in a research note issued to investors on Wednesday.

The firm currently has a “speculative buy” rating on the stock..

Scandium International Mining Corp. Company Profile

Scandium International Mining Corp. is an exploration-stage mineral exploration and development company. The Company is focused on the development of scandium, rare earth minerals, and other speciality metals, including nickel, cobalt, boron, manganese, tantalum, titanium and zirconium.

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Komet Resources Inc {TSX.V: KMT} insider Robert Wares acquired 200,000 shares of the stock in a transaction dated Wednesday, November 29th.

The shares were bought at an average cost of C$0.36 per share, with a total value of C$72,000.00.

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Comment

After a poor year production wise, and Komet not achieving their production nor revenue objectives by quite some margin, this investment reflects a huge vote of confidence by an insider in the BOD.

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Komet Resources Inc {TSX.V: KMT} insider Robert Wares acquired 200,000 shares of the stock in a transaction dated Wednesday, November 29th.

The shares were bought at an average cost of C$0.36 per share, with a total value of C$72,000.00.

City Investors Circle would like to wish all their readers and subscribers a Merry Christmas and a happy, healthy, and prosperous New Year in 2018.

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