FYI
posted on
Feb 13, 2017 12:43PM
Abitibi has produced more than 180 M ounces of gold and more than 450 Mt of Cu-Zn ore to date
Last week highlighted a growing variety of commentary on the future (value) of the USD, growing belief in a market ‘correction’, and a bright future for GOLD & silver. Further, a slowdown in South American supply, and proposed infrastructure spending, has copper in the $2.80/lb range. All of that sets up well for growing interest in EXS/EXSFF/E1H1, currently researching a variety of avenues to shine a big light on the Company’s assets, and intentions moving forward. In regards to the TPW, Teck has yet to provide a date & time to do the video teleconference with the Company. I’m hoping for some time before the end of the month.
With the price of Copper steadily climbing, that is shifting more attention on the Chester deposit in New Brunswick. The NB government requires an annual report on the property that is taking time to produce. The geologist in charge of the project has had to focus on that to maintain ‘good standing’. Once that’s completed, the remaining drill results interpretation, and subsequent News Releases will be published. I’ve been hearing good things about some of the upcoming results, but, as with all drilling campaigns, we had some unimpressive holes as well. All in all though, I think the program at Chester exceeded expectations, and is certainly worthy of additional drilling to further delineate the deposit. Obviously, any significant information would lead to a 43-101 upgrade.
Feb, 2017 Brien Lundin, Goldnewsletter.com, “It may be hard to imagine with the Dow finally breaking through 20,000 and gold slipping in recent trading sessions, but the stock bull market is very long in the tooth and greatly over-extended. The smart money is worried, and a correction is inevitable. Whatever factor precipitates the fall in stocks, you can bet that it will also send investors rushing to the safety of GOLD.”
Feb. 12, 2017 by: Avi GilburtAvi Gilburt, Seeking Alpha, “When I take all the evidence into account, it seems to be pointing to the upcoming week being quite important for this complex (GOLD & silver). The set-up is in place for a powerful move higher in the short term. And, since we are not able to tell you whether the market will take advantage of this set up, we certainly can point to the evidence that suggests that all the ingredients are in place for such a strong rally to take hold.”
Feb. 13, 2017by: Macro Analytics Macro Analytics, Seeking Alpha, “We'll get speeches from five regional Fed Presidents and Janet Yellen's semiannual monetary policy report to congress. Next week's monetary policy speeches and economic data could provide the catalyst to realign market perceptions with either a more hawkish Fed, or the possibility of a weak and/or stagflationary economic environment. Either of these developments will likely result in major movements in the U.S. Dollar.”
Issues with water, drill bits, and the like north of the Glencore Kidd mine, have slowed progress on the first of two, or three drill holes the company may be drilling. My most recent information puts them at just under 1,000meters of depth. They continue to drill through mafics, and ultra mafics, boxing the core as they go. We continue to hope the exhalite will appear with each turn of the drill, and the VMS below that. Slow but steady down we go.
I’ve been led to understand drilling intentions at PG-101 are a function of finalizing some agreements, a process that is underway. Further, geophysics have been completed at East Bay, and a report should be in CD’s hands within 2-3 weeks. At that point, drill targets can be established, and an exploration program developed.