J Taylor's Gold, Energy & Tech Stocks

Corporate news links and commentary for Monday, April 15, 2024

Normally these daily headline links are reserved for paid subscribers. But to enable free subscribers to have some sense of what these missives are about, I thought I would share today’s article with my entire subscriber base.

Today was another big day for gold and silver with those monetary metals gaining 1.61% and 3.38% respectively as stock and bond markets were taken down hard. NASDAQ lost 1.79%, the S&P 500 was down 1.20% and the down shed 0.65% of its value today. Bitcoin which is not by any means a replacement for gold but is rather quite correlated with the NASDAQ lost 2.09% this Monday.

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Before I pass along the links and commentary for today’s news, I would like to pass along a link to a panel discussion at the Dever Gold Forum in Zurich. In this discussion, Alasdair Macleod reiterated why the price of gold is rapidly heading north. In addition, two mining analysts, namely Garrett D. Goggin and Lord Ashbourne discuss their views on optimizing their investments in the mining sector. The panel discussion is about 38 minutes in length. View it here:

The Denver Group Panel Discussion on gold

GOLD SILVER

Calibre Intersects 7.06 g/t gold over 17.7 meters

https://calibremining.com/news/calibre-intercepts-high-grade-gold-silver-minera-8200/

A drill intercept grading 7.06 g/t gold over 17.7 meters from the company’s Eastern Borosi project was the headline number. But there were many more very strong intersections published in the company’s news release.

Darren Hall commented: “These drill results at Eastern Borosi reinforce the potential for discovery and resource expansion within the 176 km2 Eastern Borosi land package. Moreover, the exceptionally high silver grades demonstrate further potential to capture additional value in the future. During the second quarter of 2023, Calibre achieved a significant milestone as we commenced mining from our high-grade Guapinol open pit as reported on April 18, 2023. Today’s high-grade results, combined with the established Mineral Resource base at Eastern Borosi and the potential for mine life extension at our Guapinol operation, confirm the significant mineral endowment of the district. In addition, the 7,281 km2 Atlantic Mineral Concessions are at an early stage but have high potential for the discovery of both epithermal gold-silver and porphyry copper-gold mineral systems.”

ExxonMobil to Release Q 1 2024 Financial April 26

https://www.stockwatch.com/News/Item/U-b20240412922371-U!XOM-20240412/U/XOM

Founders Metals Intersects 13.0 Metres of 11.02 g/t Gold at Froyo

https://www.fdrmetals.com/news/founders-metals-intersects-130-metres-of-1102-gt-gold-at-froyo

Founders announced more solid if not spectacular drill results from its 2023 resource conversion and expansion program within its Eastern Borosi Mine Complex. Here are some highlights including estimated true widths (ETW) based on 3-D models of individual veins:

Gold highlights from the Eastern Borosi drill program

6.87 g/t Au over 7.0 metres Estimated True Width (“ETW”) including 19.80 g/t Au over 1.1 metres ETW and 6.08 g/t Au over 3.8 metres ETW in Hole BL-23-118;

5.72 g/t Au over 8.9 metres ETW including 8.21 g/t Au over 4.8 metres ETW and 7.50 g/t Au over 1.3 metres ETW in Hole BL-23-131;

8.46 g/t Au over 5.8 metres ETW including 14.80 g/t Au over 2.9 metres ETW in Hole BL-23-133;

7.06 g/t Au over 17.7 metres ETW including 14.70 g/t Au over 3.3 metres ETW and 12.69 g/t Au over 3.4 metres ETW and 8.92 g/t Au over 2.3 metres ETW in Hole BL-23-136;

10.81 g/t Au over 3.4 metres ETW including 19.10 g/t Au over 1.8 metres ETW in Hole BL-23-143;

9.64 g/t Au over 3.3 metres ETW in Hole BL-16-044; and

5.77 g/t Au over 14.5 metres ETW including 14.00 g/t Au over 3.8 metres ETW and 10.00 g/t Au over 2.2 metres ETW in Hole GTH-BL-23-006.

Silver highlights from the Eastern Borosi drill program

1,431.6 g/t Ag over 2.9 metres ETW including 1,240.5 g/t Ag over 1.4 metres ETW in Hole BL-15-018;

642.3 g/t Ag over 5.0 metres ETW including 1,014 g/t Ag over 2.0 metres ETW in Hole BL-15-017;

401.8 g/t Ag over 3.5 metres ETW including 925.0 g/t Ag over 1.3 metres ETW in Hole BL-23-111;

318.1 g/t Ag over 1.5 metres ETW in Hole BL-23-112;

307.3 g/t Ag over 2.7 metres ETW in Hole BL-23-115;

227.0 g/t Ag over 9.0 metres ETW including 247.8 g/t Ag over 4.8 metres ETW and 437.0 g/t Ag over 1.3 metres ETW in Hole BL-23-131; and

181.9 g/t Ag over 2.8 metres ETW including 288.5 g/t Ag over 1.7 metres ETW and 162.6 g/t Ag over 5.8 metres ETW including 225.2 g/t Ag over 2.9 metres ETW in Hole BL-23-133.

Darren Hall commented: “These drill results at Eastern Borosi reinforce the potential for discovery and resource expansion within the 176 km2 Eastern Borosi land package. Moreover, the exceptionally high silver grades demonstrate further potential to capture additional value in the future. During the second quarter of 2023, Calibre achieved a significant milestone as we commenced mining from our high-grade Guapinol open pit as reported on April 18, 2023. Today’s high-grade results, combined with the established Mineral Resource base at Eastern Borosi and the potential for mine life extension at our Guapinol operation, confirm the significant mineral endowment of the district. In addition, the 7,281 km2 Atlantic Mineral Concessions are at an early stage but have high potential for the discovery of both epithermal gold-silver and porphyry copper-gold mineral systems.”

Goliath Fast tracks toward 100% Ownership of Golddigger

https://tinyurl.com/2d2lj4fu

The company holds a 49% interest in its Golddigger gold-silver project in B.C. having already exceeded the minimum exploration expenditures of $14,000,000 to ultimately earn a 100% interest in the Property. Goliath will earn the remaining 51% interest in the Property by issuing a National Instrument 43-101 ("NI 43-101") resource estimate showing a minimum of 2,000,000 AuEq ounces on or before June 1, 2027. Based on the drill results over the past couple of years, reaching that level of gold equivilent ounces and perhaps many more appears highly likely.

Roger Rosmus commented: “We are very pleased to have fast tracked our initial 49% interest in the Golddigger Property and look forward to acquiring the remaining 51% interest. The property already is a remarkable gold discovery, showing multiple zones that transition from the sediments, into the contact of the sediments and volcanics then into the volcanics. We feel confident that with further drilling into the volcanics, we will continue to discover multiple zones that lead us to the heat engine that caused the widespread gold mineralization.

“The gold mineralization has excellent continuity and is very predictable as can be seen from the high percentage of gold mineralization in our drill holes, and equally as exciting is the high percentage of visible gold in the drill holes. It also has exceptional gold recoveries of 92.2% at a 327-micron crush with 48.8% being free gold from gravity alone.

“Jackpot is yet another discovery of outcropping high-grade gold-silver-copper with multiple mineralized veins within a broader shear zone that can be traced for >500 meters with 400 meters of vertical relief which we believe has excellent upside potential for our shareholders. This clearly demonstrates the strong possibility for many more discoveries of material size mineralized shear zones/veins directly related to the Surebet system that remains open. The newly discovered Jackpot outcrop assayed one of the highest-grade samples collected on the Property to date returning 21.5 oz/t AuEq or 667.40 gpt AuEq. Of important note, it is hosted in a shear composed of strongly silicified porphyritic andesite within the Hazelton Volcanics that could quickly evolve into our next material grade and/or porphyry drill discovery on the Golddigger property in 2024.

“We also are looking forward to announcing results from our inaugural exploration program on Golddigger’s Cambria Icefield new discoveries at Treasure Island and Full Contact as well the inaugural drill program at our untested porphyry target at our Luck Strike property this year.”

i-80 Gold drills 7.2 m of 29.6 g/t Au at McCoy-Cov

https://www.i80gold.com/i-80-gold-announces-high-grade-results-from-underground-drilling-at-cove-4/

The company passed along additional results from 2023 drilling in the Helen Zone that continues to realize significant high-grade results from the underground drilling program at the McCoy-Cove Property. The new results are from the 2023 underground drilling program to define that zone, the first horizon expected to be accessed at the Cove Mine.

The most recently received results from the Helen Zone compliment recently released intercepts that returned up to 22.6 g/t Au over 19.1 m in hole iCHU23-37, 32.9 g/t Au over 14.9 m in hole iCHU23-38 and 23.5 g/t Au over 12.8 m in hole iCHU23-39 (see Company Press Release dated March 5, 2024). Three of the new holes were drilled to only intersect the Upper Helen mineralized horizon that typically contains thinner mineralized zones when compared to the Lower Helen. A complete summary of new results is provided in Table 1 which you can view in the complete news release.

The McCoy-Cove Property is strategically located in heart of the prolific Battle Mountain Trend immediately south of Nevada Gold Mines' Phoenix Mine and the Company's Lone Tree processing facility. Cove is one of three deposits being advanced to realize the Company's goal of building one of the largest producers in the United States.

Tyler Hill commented: "Results received to-date continue to confirm that Cove is one of the highest-grade, development-stage, gold deposits in North America. New results continue to return significant high-grade gold mineralization, consistently in excess of ten grams per tonne gold."

Below is a 3-D view of the Cove project and drill program.

The Helen Zone has both "Upper" and "Lower" mineralized horizons with the Upper Zone comprising a smaller, narrower, zone of gold mineralization hosted in the Panther Canyon and Home Station formations and the Lower Zone comprising the main horizon hosted within the Favret limestone formation. Following is the surface view of the project that extends nortwest from the open pit. Additional potential also exists below the current pit.

Polymetallic mineralization also occurs on the Property, particularly in the 2201 Zone that occurs below and to the east of Carlin-style mineralization. This polymetallic mineralization remains a significant upside opportunity.

So long until we have more news to pass along. Most likely that will be tomorrow.

Until then, best wishes,

Jay Taylor

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