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MIRASOL RESOURCES | Private Placement Financing

VANCOUVER, BC, May 2, 2018 — Mirasol Resources Ltd. (TSX-V: MRZOTCPK: MRZLF) (the “Company” or “Mirasol”) announced a non-brokered private placement of up 2,500,000 Units of the Company (“Units”) at a price of $2.00 per Unit, to raise aggregate gross proceeds of up to $5,000,000 (the “Offering”). Each Unit shall consist of one common share and one-half of one non-transferable common share purchase warrant (each whole warrant, a “Warrant”). Each warrant is exercisable into one additional common share of the Company for a period of 24 months from closing at an exercise price of $3.00 per share. A substantial portion of the proceeds from the sale of the Units will be used to further explore and test certain prospective gold and silver projects in Santa Cruz Province Argentina, and the balance will be used for general working capital.
The closing of the Offering is anticipated to occur on or around June 15, 2018, and is subject to certain conditions including but not limited to the acceptance of the TSX Venture Exchange. The Company may, in appropriate circumstances, pay up to a 5% finder’s fee to registered securities dealers.
Mirasol intends to expand its exploration strategy to accelerate the drill testing of its large gold, silver and copper project portfolio (click on this link for further information on the exploration strategy).  The strategy will combine Mirasol funded drill testing of select high-grade gold and silver targets in Santa Cruz, with joint venture partner-funded drill testing of Mirasol’s larger-scale, higher risk/higher reward targets across our project portfolio.  The objective of the strategy is to retain the Project Generator Model as a central pillar of the Company’s business philosophy, while delivering concurrent aggressive exploration programs on the balance of our Santa Cruz project portfolio.  The self-funded drill testing of our Santa Cruz properties not currently under joint venture will give Mirasol greater deal making leverage and better position it to monetize its assets in the event of positive exploration results. The Company believes that its new strategy will accelerate the path to discovery and shareholder wealth creation.
The Units will be offered by way of a private placement pursuant to exemptions from the prospectus requirements to residents of the Provinces of British Columbia, Alberta, Ontario and such other Canadian jurisdictions as may be agreed to by the Company, and in the United States and Europe.  All securities issued under the Offering will be subject to a statutory hold period in Canada expiring four months and one day from the Closing Date.
This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities in the United States. The securities have not been and will not be registered under the United States Securities Act of 1933, as amended (the “U.S. Securities Act”) or any state securities laws and may not be offered or sold within the United States or to U.S. Persons unless registered under the U.S. Securities Act and applicable state securities laws or an exemption from such registration is available.
Stephen Nano, President and CEO of Mirasol, has approved the technical content of this news release and is a Qualified Person under NI 43 -101.

About Mirasol Resources Ltd:

Mirasol is a premier project generation company that is focused on the discovery and development of profitable precious metal and copper deposits. Mirasol employs an integrated generative and on-ground exploration approach, combining leading-edge technologies and experienced exploration geoscientists to maximize the potential for discovery. Mirasol is in a strong financial position and has a significant portfolio of exploration projects located within the Tertiary Age Mineral belts of Chile and the Jurassic age Au+Ag district of Santa Cruz Province Argentina.

For further information, on this raising and the expanded exploration strategy please contact:

Stephen Nano
President and CEO


Jonathan Rosset
Manager of Corporate Development

Tel: +1 (604) 602-9989


Forward-Looking Statements: The information in this news release contains forward-looking statements that are subject to a number of known and unknown risks, uncertainties and other factors that may cause actual results to differ materially from those anticipated in our forward-looking statements. Factors that could cause such differences include: changes in world commodity markets, equity markets, costs and supply of materials relevant to the mining industry, change in government and changes to regulations affecting the mining industry. Forward-looking statements in this release include statements regarding future exploration programs, operation plans, geological interpretations, mineral tenure issues, mineral recovery processes and the process to complete the private placement. Although we believe the expectations reflected in our forward-looking statements are reasonable, results may vary, and we cannot guarantee future results, levels of activity, performance or achievements. Mirasol disclaims any obligations to update or revise any forward looking statements whether as a result of new information, future events or otherwise, except as may be required by applicable law.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Mirasol Resources Ltd.

910-850 W. Hastings Street

VancouverBc V6C 1E1


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MIRAMONT Issues Lying Press Release

Mar 29, 2019For those who have not yet read Basic Investing in Resource Stocks, you should consider it. I predict the big collapse to come soon, very soon followed by what I term “The Big Reset”. Martin Armstrong just put out a piece essentially saying the same thing titled, The Financial Panic of 2019?I realized when I wrote my book in January of this year that I was climbing way out on a limb and sawing it off behind me. I am going to look either very stupid or very bright and only time will tell.With the advent of the Internet, control of the narrative has changed. For all of history the elite controlled the narrative. They told the masses, the mob as it were, how to think and how to vote. The Internet has changed all that. You can still lie to the throng but since most of the world has what is effectively free communication, whatever lie the elite try to pass off will soon be countered by some blogger somewhere who never had a voice before the Internet.Only two days after the appointment of Robert Mueller as special counsel to investigate some imaginary collusion between the Trump campaign and Russia in May of 2017, FBI agent Peter Strzok texted his paramour Lisa Page and said, “There’s no big there, there.”Now we have an announcement from William Barr, Attorney General of the United States that specifically stated, “The Special Counsel’s investigation did not find that the Trump campaign or anyone associated with it conspired or coordinated with Russia in its efforts to influence the 2016 U.S. presidential election.” In other words, it took Mueller almost two years to figure out what a Trump hating FBI agent knew right from the gitgo.Those who listen to the mainstream media may not have known the facts but anyone with a device similar to or better than a $200 smart phone had access all along to what was essentially a coup D’état on the part of chunks of the United States government against the democratically elected president of the US.And in a masterpiece of obfuscation Director Barr and William Mueller sorta ignored the very real involvement by Russia in the 2016 election in the form of the Russian Dossier made up of whole cloth by the Democrats, the FBI, the DOJ and the CIA.The elite long since lost control of the narrative. If you actually look around you can find a video of Victoria Nuland bragging about how the US spent $5 Billion, that’s Billion with a capital B, interfering with the democratic process in Ukraine.Charging Russia with interference in the US election of 2016 after the US pissed away $5 billion interfering in Ukrainian elections is nothing short of remarkable but not quite as remarkable as Donald Trump demonstrating the total and absolute control that Benjamin Netanyahu has over the US political system by his suggestion that Israel be allowed to permanently take control of the Golan Heights.I’ve written before how Sheldon Adelson essentially bought Donald Trump for a $35 million contribution to his political campaign in the 2016 election.The Zionist stranglehold on the American political system is so complete that the very first bill considered by Congress in the latest session would forbid Americans to boycott Israel. All this information is on the web.The elite have lost control of the narrative and alternative points of view are available for anyone willing to do a little research.Bill Pincus, President of Miramont Resources told me they began drilling in Southern Peru on the 22nd of January. The company planned nine drill holes in three major targets. It would take 3-4 weeks to get assays back. Three holes would be released at a time, representing each of the three targets.There was a chance assays for the first three holes would be back and released by PDAC. I have kept in close contact with Bill Pincus and been told for two months that those assays for the first three holes were not back.He lied.Yesterday, March 28th Miramont announced the results from six holes, not three as I have been told all along. And if you look closely you will find no assay results from the first three holes. But those should have been back and released a month ago. How did the company go from announcing three holes at a time to announcing that six holes had been assayed but only giving numbers for holes four, five and six.Easy. The assays from holes one, two and three were total duds and almost certainly were back a month ago. Bill Pincus knew that and failed to not only release the poor holes, he didn’t mention a word to Quinton Hennigh or the Board until this last weekend. And you have to look very closely at the press release to realize that while it talks about six assays, it only shows bits and bats from three holes.Pre-Internet days it was common for management of junior mining companies to get poor results and to sit on them in the hopes that later drill results would bail them out. I highly suggest that anyone working with me not pull that trick because it takes the decision to buy or sell shares out of the hands of investors where it belongs and allows corrupt management to essentially lie to investors.Drilling tells you two things. It tells you where the mineralization is and where it is not. It is just as important to know where there isn’t any ore as it is to know where there is ore.Putting out piss poor results is part and parcel of exploration. But it allows investors to reconsider if they really want to own the shares. If Miramont shareholders knew a month ago that the first three holes were barren they had the choice of selling their shares or buying more or just sitting.Since it is their money, it should have been their decision. By hiding the results of the first three holes Bill Pincus cost investors both money and the right to determine what to do with their shares.In simple terms, it was lying. I devoted an entire chapter in my latest book talking about dealing with liars. I have lost the most money investing in companies where management wouldn’t tell the truth. I had a major investment in Miramont and like 100% of other Miramont shareholders; I lost 66% of the value of my shares yesterday.Lying to me is a really bad idea.I sold a lot of the shares of Miramont I had bought in PPs and in the open market yesterday. I want to see major changes in how Miramont announces drill results. A change in management would help.Do your own due diligence.Miramont ResourcesMONT-C $.16 (Mar 28, 2019)MRRMF-OTCBB 54.8 million sharesMiramont Resources website###Bob MoriartyPresident: 321goldArchives321gold Ltd

(Video) Cobalt 27 | Cobalt, the Electric Vehicle, and Ways to Profit from Both

Maurice Jackson of Proven and Probable sits down with Anthony Milewski the CEO and Director of Cobalt 27 Capital Corp. (TSX.V KBLT | OTCQX: CBLLF)which is a leading electric metals investment vehicle that offers direct exposure to metals integral to key technologies of the electric vehicle and battery energy storage markets.

The Company owns 2,905.7 Mt of physical cobalt and has acquired a cobalt stream on Vale’s world-class Voisey’s Bay mine‎ beginning in 2021. Cobalt 27 is also undertaking the friendly acquisition of Highlands Pacific to create a leading high-growth, diversified battery metals streaming company.




Cobalt, the Electric Vehicle, and Ways to Profit from Both 
Contributed Opinion

Source: Maurice Jackson for Streetwise Reports  (3/30/19)

Maurice Jackson

In this interview with Maurice Jackson of Proven and Probable, Anthony Milewski, chairman and CEO of Cobalt 27, discusses his streaming company’s prospects in the cobalt sector, as well as how the automobile and battery industries will affect the sector.


Maurice Jackson: Joining us for conversation is Anthony Milewski, chairman, CEO and director for Cobalt 27 Capital Corp. (KBLT:TSX.V; CBLLF:OTC; 27O:FSE), which is a leading electric metals investment vehicle that offers exposure to metals integral to key technologies of the electric vehicle and battery energy storage markets.

Glad to have you with us today to share the unique value preposition of Cobalt 27, which is a successful cobalt royalty and streaming company, in addition to providing shareholders a proxy to the metal. To really appreciate the context of today’s interview, Anthony, I believe it may be best that we provide a basic overview on the global demand for electric vehicles, in which cobalt is an essential metal.

Anthony Milewski: I think we have to take a step back and look at what I consider to be two of the most important industries on earth, which are now sitting at the precipice of one of the biggest disruptions they’ve seen potentially in the last hundred years—namely the energy industry and the automobile industry. Today, 60% of crude is actually used in automobiles and in the automobile industry. Not only are you talking about a shift away from ICE [internal combustion engines] to electric, but you’re also talking about structural changes in ownership, with a ride-hailing services, autonomous vehicles, and a bunch of changes. These changes are dramatic and impacting a whole host of companies across a lot of different parts of our societies globally.

At the heart of this change is the electric vehicle (EV). And the reason is that the electric vehicle has the sensors and the technology on it to put forward the platform for the next generation of changes inside of the automobile industry, namely autonomous driving and some of the other safety features being rolled out. To put in perspective that change, I believe we should remember where we’ve come from. And a few short years ago EV sales were effectively zero. I mean, literally, they were just this novelty item that you probably couldn’t even ride in if you wanted to.

When we IPO’d about two years ago, we talked about 7% penetration in 2025 and even then we got push back. Now analysts are predicting as high as 20% to 30% penetration in 2025. Canaccord’s numbers are even higher than that in 2030. You’re seeing a dramatic increase in the rates of adoptions the analysts are looking at.

To help get specific, 10% of car sales in November in California were electric vehicles, with similar numbers in Canada. That was driven, in part, by Tesla Model 3 deliveries. But the point is the acceleration of adoption has really happened in the last 18 months. And we’re seeing the automobile companies heavily push these vehicles, not only for the environmental aspects—namely cleaner air in large urban environments—but also because of the future of automobiles and the future of the automobile industry around autonomous driving and around automation.

Maurice Jackson: This all bodes well for cobalt demand. Sticking with demand, cobalt is an essential metal in the manufacturing of batteries. What has Cobalt 27 excited about the battery demand?

Anthony M.: Well, each one of these cars has a battery. The cobalt market is anywhere from 105,000 to 130,000 metric tons of metal equivalent. And half of that demand today is actually batteries. Your laptop computer, iPad, just about any device that you plug into the wall and recharge it with the cord and then walk away has cobalt than it. That demand already exists.

But the demand that has us excited is really the demands from the electric vehicle. If I told you the market for cobalt today is about 135,000 metric tons, then let’s assume, at 20% penetration, you’re going to need something like 250,000 to 300,000 metric tons of cobalt just for electric vehicles. What you see is that as adoption happens, the actual use of cobalt grows exponentially. We’re seeing that happen as we speak with the adoption rates in sales of these vehicles.

Maurice Jackson: In the U.S., investors are aware of Tesla’s gigafactory, but Tesla isn’t alone. How many mega factories are in construction?

Anthony M.: Well, that number is interesting, because it’s changing all the time. In 2017 I think that number was 17. A few months ago it was 70, and even a few more gigafactories have been announced in the last few weeks. So the number is over 70 now. And even as recently as this month Tesla announced the construction of a gigafactory in China.

But all of these automobile makers and battery makers have these factories slated to be built globally. One of the things about these battery producers is they aren’t particularly keen to be shipping them long distances. And so, unlike an automobile, which is highly consolidated in where it’s manufactured, what you’re seeing is a lot of different gigafactories being built globally around the world at a very quick pace. The pace is almost monthly.

Maurice Jackson: Let’s move on to supply, to see how these factories will meet production. There are some concerning challenges on the supply side of cobalt, which really makes the value proposition exciting for Cobalt 27. Where and how is supply currently being satisfied?

Anthony M.: It’s interesting. The geology of the world is such that over 70% of cobalt comes from Democratic Republic of the Congo (DRC). And by the way, it doesn’t come from the Congo. It comes from one little tiny area in the Congo. So one of the problems with cobalt is simply concentration risk. It comes from the Congo, where there are alleged human rights violations associated with mining it. And it’s tough.

That’s part of the story and the balance of the story is that it comes from nickel outside of the Congo. So in the Congo it’s copper, and in the rest of the world it comes from nickel—in Canada and Australia, in particular, but also places like Russia and Cuba. Those nickel projects—not all of them, but many of them—are nickel laterite projects with enormous capex overruns.

Now in the Congo it’s slightly different. One of the things that we’ve seen is the ability to have artisanal cobalt. The price of cobalt ran up to $44 and has now eased off, and it’s eased off in large part because of artisanal mining. Artisanal mining can mean different things to different people. It typically means that an individual is showing up and shoveling cobalt. That, in some cases, is actually legal in Congo. It’s not illegal, per se, although most of the time it is highly environmentally damaging. However, what the problem is in the Congo—or the allegations are—is that often child labor is used for that, in just not Congo.

You have concentration risk and then you have supply chain risk, and you really have a need now from the automakers and the consumers and the battery makers to secure the supply chain and really be able to communicate to the consumers of automobiles that when they buy that car, the cobalt was ethically sourced and produced.

Maurice Jackson: You referenced that 70% of cobalt comes from the DRC. From an off-take standpoint, how can manufacturers confidently rely on the DRC to meet their production needs?

Anthony M.: I think it’s a real challenge. Obviously, there are companies like Glencore International Plc (GLEN:LSE) that are perfectly capable counterparties for the battery makers and cathode makers. But it’s a wider issue—and it’s an issue that’s being addressed and is going to have to be addressed going forward—which is how do you secure clean cobalt? I don’t think you can, if you are actually sourcing artisanal cobalt.

But I think there are solutions that could be put in place to actually do that. I think today, if you are an end user, a consumer of cobalt, you really need to source that cobalt from outside of the Congo or from a mechanized minor. There was a great Wall Street Journal article about this last year. If you’re getting it from artisanal miners, I think it’s tainted. That artisanal supply’s aggregated at refineries and while one of the 25 sources may or may not be clean, if any of the sources are unclean, it’s all mixed and it taints all of it. I don’t think those challenges have been fully addressed, and I think if an automaker wants to actually be able to ensure that it can say its cobalt and its basic material pipeline are ethically sourced, they’re going to have to, for the time being, buy directly from mechanized minors or go outside the Congo going forward. They’re going to have to consider whether or not they’re prepared to invest directly into mining companies or create pretty different environments around the artisanal mining in the Congo.

Maurice Jackson: You alluded to it, but just for confirmation, does Cobalt 27 have any offtake and or holdings in the DRC?

Anthony M.: No, we absolutely do not invest in the Congo. We don’t buy cobalt out of the Congo. We don’t have streams or royalties in the Congo. From our perspective, we sit and we watch some of these large mining companies have problems in the Congo, and with multibillion-dollar market caps, and if they’re unable to successfully navigate that environment, I think it would be a challenge for us to think we could do that. So we’ve steered completely clear of it. I think that’s one of the offerings of Cobalt 27—conflict-free cobalt.

Maurice Jackson: From a sovereign standpoint, which countries have a strategic stockpile of cobalt?

Anthony M.: Historically speaking, the U.S. and China did, but the U.S. government sold down its stockpile over the last decade. Today China has the key sovereign stockpile—there are different numbers about how large that is. I think it’s a pretty material stockpile, but it’s not used for batteries. Cobalt is critical in the aerospace industry. And so the cobalt that the Chinese government has stockpiled is likely earmarked for jet engines and missiles and that type of thing, as opposed to batteries.

Maurice Jackson: Now, from a manufacturing standpoint, which automakers have a stockpile of cobalt?

Anthony M.: I’m not aware of any. I suspect there could be, but I don’t think publicly there are any.

Maurice Jackson: Now, cobalt is a byproduct, primarily of nickel and copper mining. So how does the spot price of nickel and copper affect cobalt?

Anthony M.: Well, over time nickel and cobalt have actually been fairly correlated. If you look, although that’s not been the case, certainly in 2019 as nickel was up 20-something percent and cobalt is down. But I think the key correlation is that over time, in order to get increased cobalt production, you’re going to need to see higher nickel prices and probably copper prices.

Maurice Jackson: What is the current spot price of cobalt, and how is that in relation to the historic prices?

Anthony M.: Today cobalt is in the mid-teens. There are different types of cobalt. There’s metal. Even within metal there’s a high grade and low grade, and there’s a hydroxide. And so there’s a bunch of different products. But I would say it’s in the mid teens. It’s actually—right now—cheap. On the inflation-adjusted 20-year average, cobalt price is closer to $22. So cobalt is actually looking like a pretty strong buy as a metal at the moment.

Maurice Jackson: For readers, we now see the value proposition we have before us in cobalt. Let’s discuss the value proposition we have in Cobalt 27 and how you may profit. Mr. Milewski, please introduce us to Cobalt 27.

Anthony M.: Cobalt 27 is really a proxy for the adoption of the electric vehicle. I don’t know who the ultimate winner’s going to be among automobiles—if it’s Tesla, Ford, or Beijing Auto. Maybe you should own a chipmaker—Nvidia. I don’t really know, but what I do know is if there is a winner, basic materials will be winners, and among those basic materials, we think cobalt would be particularly positioned to be a winner.

Cobalt 27 gives investors access to those price movements and the cobalt spot price in three primary ways. The first way is just we have 2,900-metric-ton stockpile of cobalt sitting in LME-bonded warehouses. The second is a basket of royalties on nickel-cobalt projects globally—large-scale projects that give the investor optionality. And then third, we have a stream on Voisey’s Bay in Canada, on its nickel-cobalt mine. We’re also in the process of completing a recent transaction on Highland Pacific to own a joint venture interest in the Ramu nickel mine.

We’re not miners, nor are we going to be. You’re not subject to capex in the same way that you are with a mining company. Instead, what we try to give investors is really the maximum torque to that adoption and price move in the coming months, days, years, as the adoption of electric vehicles rolls out.

Maurice Jackson:
 Now, were you able to procure your cobalt previously through streaming deals or how was that accomplished?

Anthony M.: Cobalt 27’s streams and royalties are all financially settled, whereas with the physical, that was actually stationary. It is stationary so that was a purchase. But the nature of a stream is that you typically sell the material into the market as it comes in and then you take that cash flow and you pay a dividend, you buy back more shares, or maybe you make another investment.

Maurice Jackson: Is the ultimate goal to set up offtake agreements with EV in battery manufacturers with your physical storage?

Anthony M.: Look, I think there are two different kind of avenues that are being pursued. I think the first is just to look like a traditional streaming and royalty company. Look like a Franco Nevada or Wheaton Metals or Sandstorm, which is a very well-trodden path in Canada. You can get a multiple, in some cases, of over two times NAV. Today we traded a fraction of that.

A second avenue, of course, is we’re building a supply chain for cobalt and to a lesser extent nickel, outside of the Congo, and through the cycle that’s going to be attractive to automobile makers, battery makers and other end users of these products. And so one could foresee the cycle, how we would get approached by individuals in different capacities to try to transact on what is clean material.

Maurice Jackson: Switching gears, Cobalt 27 has strategically position itself for the upside potential in the clean air revolution in EVs and batteries. But equally important are the people that are responsible for increasing shareholder value. Mr. Milewski, please introduce us to your board of directors.

Anthony M.: Cobalt 27’s lead director is Nick French. Nick spent his career, since the early ’80s, late ’70s, trading cobalt. One of the most knowledgeable traders probably alive on the cobalt industry. And so he’s on the board.

Frank Estergaard, a former KPMG partner, really adds a lot to the audit committee.

Candace MacGibbons is a mining executive. She’s highly involved in the mining industry and understands a lot of the different aspects and concerns and transactions.

Phil Williams, a banker—former banker who also runs a royalty company—is excellent in terms of just being able to look at transactions and financings and add to the conversation.

Justin Cochrane, who is also the president and COO, spent a decade as a banker and in the streaming and royalty business, and then later went on to actually be one of the earliest team members of Sandstorm, and was critical there and ran the business development. Mr. Cochrane has been in the streaming and royalty business for his entire career. So Cobalt 27 has a really a strong board.

Maurice Jackson: Tell us more about Anthony Milewski and what makes him qualified for the task at hand.

Anthony M.: I think, in a lot of ways, one of the most important things that I can do it to help create value is make sure that we have the right team in place and the right strategy so that all the team members able to execute on that strategy. And so I really see myself as someone who puts forward that strategy, and facilitates Justin and Martin and the team members executing on that growth strategy, and executing on our strategy to really be a critical part of the cobalt and nickel supply chain going forward.

Maurice Jackson: Who is on your management team?

Anthony M.: So the key members of the management team include myself, Justin Cochrane and Martin Vydra. Martin Vydra spent over 30 years at Sherritt, ran a bunch of different aspects of that business, and is incredibly knowledgeable on nickel, and nickel and cobalt. He sits on the LME cobalt committee, and he’s really industry veteran that adds a lot of insight for the business.

Maurice Jackson: Let’s get into some numbers. Please share your capital structure.

Anthony M.: We have around 85 million shares outstanding and no preferred shares. We’ve never had a financing with an attached warrant. We have some options outstanding to the management team. And then we have a revolver in place for $200 million USD, but we’ve not drawn to any of it. So it’s a pretty simple cap structure and that’s intentional. We try to keep it straight forward and simple.

Maurice Jackson: How much in cash and cash equivalents do you have?

Anthony M.: Approximately $50 million.

Maurice Jackson: How much debt do you have?

Anthony M.: We have zero debt.

Maurice Jackson: Who are your major shareholders and what is their level of commitment?

Anthony M.:
 Well, I couldn’t speak to the level of commitment except that our shareholders have all been extremely supportive over the last couple of years and financings. One of them is Paula Investments, [others are] CI Harbor, BlackRock, Fidelity, and Neuberger Berman on the register. We have a pretty wide range of institutional investors who have been very supportive over the last year and a half, two years since since the IPO.

Maurice Jackson:
 Are you a shareholder and if so, how many shares do you own and when was the last time you purchased?

Anthony M.:
 I own around 400,000 shares and I purchased shares as recently as January and February. So big believer in the company and also in buying shares myself when the share price is priced as it is today.

Maurice Jackson:
 Multilayered question—what is the next unanswered question for Cobalt 27? When can we expect a response and what determines success?

Anthony M.: I think the next big moment for us is closing the Highland Pacific transaction. That’s anticipated later this spring. I think that will be a catalyst, that closing it will show that we were able to transact. It’ll also bring in a substantial asset, a producing nickel-cobalt asset. So I think that’s definitely the next big catalyst. That’s a few months away. And that’s heavily driven by regulatory matters in terms of court dates and voting and that sort of stuff. I think once we’re through that, the next big moment we’ll be thinking about cash flow and dividends and that sort of thing. I would say in the immediate term, the big moment for us is getting through the Highland Pacific transaction.

Maurice Jackson: Mr. Milewski, last question. What did I forget to ask?

Anthony M.: I think you covered it. You did a great job covering it, so I really appreciate your time.

Maurice Jackson: Anthony, if investors want to get more information about Cobalt 27 please share the website address.

Anthony M.: It’s

Maurice Jackson: For direct inquiries, please call (647) 846-7765 or you may e-mail Cobalt 27 trades on the TSX.V: KBLT, and on the OTCQX CBLLF. Last but not least, please visit for Mining Insights and Bullion Sales. You may reach us at

Maurice Jackson is the founder of Proven and Probable, a site that aims to enrich its subscribers through education in precious metals and junior mining companies that will enrich the world.


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JAYANT BHANDARI Trade War Will Blow Over


Commander Resources, etc.

I recently attended PDAC in Toronto. It is hard to objectively know whether there was more interest this year in the mining sector, but my visual impression was negative. This fall in attendance has continued over the last several years. I attribute this loss of interest not to the failure of commodity consumption to increase, but to “investment” made on the basis of commodity price speculation and greedy expectation from so-called leverage.

In these two discussions I give my views on the trade-war, gold consumption, the Third World etc.:


On investments…

Cork Fleck and I talked about two companies today. Renaissance Gold (REN) keeps falling to C$0.17, a price at which I find it a good buy. We also discussed Commander Resources (CMD; C$0.09). Based on the history of the company, while they have created value, I doubt if any money has ever flowed back to the shareholders. The management has changed and I hope any new value-creation profits the wallet of investors. For now, in my view, CMD has fallen more than it should have. Here is a link to a discussion that I had with Cory.

I am on my way to Singapore, to attend Mining Investment Asia and then to Hong Kong to attend Mines & Money.

Warm regards,

Jayant Bhandari

Associate: Rajni Bala

Disclaimer: All information found here, including any ideas, opinions, views, predictions, forecasts, commentaries, suggestions, or stock picks, expressed or implied herein, are for informational, entertainment or educational purposes only and should not be construed as personal investment advice. While the information provided is believed to be accurate, it may include errors or inaccuracies. The sole purpose of these musings is to show my thinking process when analyzing a stock, not to provide any recommendation. I will not and cannot be held liable for any actions you take as a result of anything you read here. Conduct your own due diligence, or consult a licensed financial advisor or broker before making any and all investment decisions. Any investments, trades, speculations, or decisions made on the basis of any information found on this site, expressed or implied herein, are committed at your own risk, financial or otherwise.

RIVERSIDE Stakes New Concession in Sonora and Samples High-Grade Gold


VANCOUVER, British Columbia, March 21, 2019 (GLOBE NEWSWIRE) — Riverside Resources Inc. (“Riverside” or the “Company”) (RRI.V) (RVSDF) (R99.F) is pleased to report initial results from the Company’s first-phase exploration program at the recently staked Sandy Project (the “Project”) located in northwestern Sonora, Mexico. Riverside continues to leverage its knowledge and experience in NW Mexico to cost-effectively acquire new prospective concessions with strong potential for new discoveries.

Riverside geologists have completed near surface sampling, mapping and geophysics to work up initial target areas at the Project. Riverside’s exploration team is targeting intrusion related and orogenic gold mineralization hosted by altered granite and linked with large structures adjacent to gneiss bedrock.

Riverside’s President and CEO, John-Mark Staude, stated: “The Sandy Project was a project the Company staked over a prospective area known to us from our past work in Sonora. We are pleased with the results from our first pass on the Sandy Project. Gold appears associated with large structures, intrusions and is an exciting potential step in the geologic deposit modeling for Sonora. We plan to follow up these positive results with some mapping and more sampling in 2019.”

The sampling done to date by Riverside has been concentrated on two areas in the center of the project with past historical mine workings (see Figure 1 below) associated with felsic intrusive stock and gneiss. A sample from one of these old workings returned 38.8 g/t Au. Chip channel samples of 1.5 meter in length returned gold results of 9.3 g/t, 4.7 g/t and 3.7 g/t Au. A total of 71 samples have been analyzed so far and further work at Sandy is anticipated to continue to define the structural nature and intrusion association to the gold.

Figure 1: Sandy Gold Target Areas and Geochemical Results.

Higher gold grades appear to be associated with intersecting structures within strongly foliated granitic intrusive bedrock. Primary structures strike NW-SE and dip between 40 and 70 degrees to the east in a general structural character with similar orientation and style to some of the shear zone gold mines in the region. Other smaller faults are noted striking roughly north-south and dipping steeply to the east which cut the main shear zone and could possibly hide extensive expansions of the gold system under shallow cover. The cross structures have been intruded by mafic dikes that show pervasive propylitic alteration indicating potential deeper intrusion related gold mineralization. The highest-grade gold material was found associated with a set of variously dipping felsic dikes which could be associated with the intrusive system. Silicification and minor quartz veining is noted associated with the structures and with through-going vein mineralization. The wall rock associated with these structures often shows sericitic and silica alteration.

Of note while visiting the property are the vast placer-gold workings immediately north of the project area. The source of the placer gold has not been determined and may be derived from intrusive bedrock within the Sandy project.

As can be seen in the district summary map (see Figure 1 above), the Riverside rock-chip samples confirm the existence of gold mineralization within the central part of the Company’s concession.

Click here to see the Sandy Project page on Riverside’s website.

Qualified Person & QA/QC:

The scientific and technical data contained in this news release pertaining to the Sandy Project was reviewed and approved by Freeman Smith, P.Geo, a non-independent qualified person to Riverside Resources, who is responsible for ensuring that the geologic information provided in this news release is accurate and who acts as a “qualified person” under National Instrument 43-101 Standards of Disclosure for Mineral Projects.

The rock chip samples collected by Riverside’s field crew at the Sandy Project were taken from 4 main showings on the western slopes of the property, with most individual samples consisting of composites of bedrock fragments hammer-chipped from 0.5 and 1.5-metre-long intervals across rock faces showing evidence of alteration and silicification. The highest-grade sample which assayed 38.8 g/t Au was a select grab sample of loose rock found within a small underground working which are believed to date back to the 1960’s. The one grab sample is not representative of the mineralization that was chip-sampled from actual outcrops, however, they do support Riverside’s view that the Sandy property has excellent potential for the discovery of intrusion-related gold and silver mineralization. All of Riverside’s rock samples were analyzed at the Hermosillo and Vancouver laboratories of Bureau Veritas where gold content was determined by fire assaying with atomic adsorption finish and ICP-mass spectrometry was used to analyze for 45 other elements. For quality control purposes, three standard samples were included with the batch of 71 field samples.

About Riverside Resources Inc.:

Riverside is an exploration company driven by value generation and discovery. The company has fewer than 65M shares issued and a strong portfolio of gold-silver and copper assets in North America. Riverside has extensive experience and knowledge operating in Mexico and leverages its large database to generate a portfolio of prospective mineral properties. In addition to Riverside’s own exploration spending, the Company also strives to diversify risk by securing joint-venture and spin-out partnerships to advance multiple assets simultaneously and create more chances for discovery. Riverside has additional properties available for option, with more information available on the Company’s website at


“John-Mark Staude”

Dr. John-Mark Staude, President & CEO

For additional information contact:
John-Mark Staude Raffi Elmajian
President, CEO Corporate Communications
Riverside Resources Inc. Riverside Resources Inc.
Phone: (778) 327-6671 Phone: (778) 327-6671
Fax: (778) 327-6675 TF: (877) RIV-RES1
Web: Web:

Certain statements in this press release may be considered forward-looking information. These statements can be identified by the use of forward-looking terminology (e.g., “expect”,” estimates”, “intends”, “anticipates”, “believes”, “plans”). Such information involves known and unknown risks — including the availability of funds, the results of financing and exploration activities, the interpretation of exploration results and other geological data, or unanticipated costs and expenses and other risks identified by Riverside in its public securities filings that may cause actual events to differ materially from current expectations. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

GREAT BEAR Drills Multiple High-Grade Gold Veins in Hinge Zone Including 30.15 g/t Gold Over 7.25 m


Vancouver, British Columbia–(Newsfile Corp. – March 21, 2019) – Great Bear Resources (TSXV: GBR) (the “Company” or “Great Bear”), today reported drill results from the Dixie Hinge Zone (“DHZ”) and Dixie Limb Zone (“DL”) at its 100% owned Dixie Project in the Red Lake District of Ontario.

Drilling continues to test along strike and at depth of the DHZ. Some of the DHZ drill holes also cross the adjacent DL at shallow depths and hence Great Bear is able to test both zones with the same drill holes. Hinge Zone drill results are provided in Table 1. Highlights of current drilling include:

  • Drill hole DHZ-031 intersected four significant gold bearing quartz veins along a 141 metre wide zone of increased quartz veining and alteration in the DHZ vein system.
  • Gold-bearing vein intercepts from DHZ-031 include:

a) 7.25 metres of 30.15 g/t gold, which includes 1.50 metres of 130.49 g/t gold,

b) 4.00 metres of 11.72 g/t gold, and

c) 0.50 metres of 60.72 g/t gold.

  • The high grade intercepts in DHZ-031 occur 20-60 metres west of previously reported drill hole DHZ-023 which included 3.40 metres of 31.60 g/t gold (see news release of February 21, 2019).
  • 26 of 42 drill holes (62%) completed by Great Bear along 240 metres of strike length of the DHZ that has been drilled to date have intersected intervals containing greater than 15 g/t gold.
  • Results of shallow drilling of the Dixie Limb Zone are also provided in Table 2.Highlights include 39.20 metres of 2.07 g/t gold starting at approximately 25 metres depth, including 9.20 metres of 5.43 g/t gold which includes 0.70 metres of 20.46 g/t gold.

Chris Taylor, President and CEO of Great Bear said, “The Hinge Zone continues to rapidly expand as we keep stepping out along strike and at depth. In our most recent results, drill hole DHZ-031 intersected a gold-bearing quartz vein network consisting of multiple high grade veins within a 141 metre (462 foot) wide drill interval. All current drilling is designed to cross the Hinge Zone at approximately right angles, meaning the interval widths are approximate true widths. The vertical depth of the DHZ-031 intervals ranges from approximately 60 to 190 metres from the surface. The scale and strength of near-surface multi-veined gold mineralization at the Hinge Zone continues to impress.”

An updated long section through the Hinge Zone is provided in Figure 1, showing the location of current reported drill intercepts. Images of high grade gold mineralization from DHZ-031 are shown in Figure 2.

The Company continues to undertake a fully funded, 30,000 metre drill program that is expected to continue through 2019. In order to accelerate the program, a second drill rig was added in early 2019. Approximately 13,000 metres of drilling remain in the current program.

Table 1: Most recent drill results from Hinge Zone drilling.

Drill Hole
From (m)
To (m)
Width* (m)
Gold (g/t)
Vertical Depth (m)
and including
and including
and including
and including
and including
and including

 * reported width is determined to be 90-95% of true width based on intersection points of the drill hole intercept with the geological model and oriented drill core data.

Drilling in the Dixie Limb continues to define shallow, wide intervals of gold mineralization, including high grade sub-intervals. The DL drill intervals are presented separately in Table 2. As drill holes like DHZ-026 are collared north of the DL and drill southwards into the DHZ at depth, these holes carry intervals from both zones.

Two exploratory step-out drill holes, DL-038 and DL-039 have encountered a new gold-mineralized silicified sediment zone similar to the DL. These holes were drilled from the DL across the D2 axial planar fault that divides the DL from the DHZ towards the south, into an area east of the DHZ. Results are included along with DL drill results in Table 2. These intercepts may represent a new zone of gold mineralized sediments, or may be an offset continuation of the Dixie Limb Zone in the footwall of the fault. Follow-up drilling is required to characterize this new discovery.

Two exploratory step-out drill holes, DHZ-024 and DHZ-025 were also completed east of the Hinge Zone fold closure (outside of the Hinge Zone) and encountered anomalous gold values of 0.92 metres of 1.46 g/t gold and 0.50 metres of 1.52 g/t gold, respectively, confirming gold is also present in this new area. Follow-up drilling is required to determine if significant gold-bearing quartz veining is also developed in this new area.

Table 2: Current drill results from the Dixie Limb Zone.

Drill Hole
From (m)
To (m)
Width* (m)
Gold (g/t)
Vertical Depth (m)
and including
and including
and including
and including
and including

 *All reported widths are drill indicated core length. Insufficient data has been collected at this time to determine true widths. **These drill holes have intersected mineralized sediments in the footwall of the local D2 axial planar fault located south the DL, and east of the DHZ. They may represent a new zone, or offset continuation of the DL.


Figure 1: Composite Long section through the DHZ (view to north) as drilled to-date showing currently reported drill results, and the location of recent step-out drilling. New results are highlighted in yellow.

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Figure 2: Images of high grade gold in drill core from DHZ-031. Interval returned 1.50 metres of 130.49 g/t gold.

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About Great Bear

The Dixie property is located approximately 15 minutes’ drive along Highway 105 from downtown Red Lake, Ontario. The Red Lake mining district has produced over 30,000,000 ounces of gold and is one of the premier mining districts in Canada, benefitting from major active mining operations including the Red Lake Gold Mine of Goldcorp Inc., plus modern infrastructure and a skilled workforce. The Dixie property covers a drill and geophysically defined 10 kilometre gold mineralized structure similar to that hosting other producing gold mines in the district. In addition, Great Bear is also earning a 100% royalty-free interest in the West Madsen, Pakwash, Dedee and Sobel properties, which cover regionally significant gold-controlling structures and prospective geology. All of Great Bear’s Red Lake projects are accessible year-round through existing roads.

Drill core is logged and sampled in a secure core storage facility located in Red Lake Ontario. Core samples from the program are cut in half, using a diamond cutting saw, and are sent to SGS Canada Inc. in Red Lake, Ontario, and Activation Laboratories in Ancaster Ontario, both of which are accredited mineral analysis laboratories, for analysis. All samples are analysed for gold using standard Fire Assay-AA techniques. Samples returning over 3.0 g/t gold are analysed utilizing standard Fire Assay-Gravimetric methods. Selected samples with visible gold are also analyzed with a standard 1kg metallic screen fire assay. Certified gold reference standards, blanks and field duplicates are routinely inserted into the sample stream, as part of Great Bear’s quality control/quality assurance program (QAQC). No QAQC issues were noted with the results reported herein.

Mr. R. Bob Singh, P.Geo, Director and VP Exploration, and Ms. Andrea Diakow P.Geo, Exploration Manager for Great Bear are the Qualified Persons as defined by National Instrument 43-101 responsible for the accuracy of technical information contained in this news release.

For further information please contact Mr. Chris Taylor, P.Geo, President and CEO at 604-646-8354, or Mr. Knox Henderson, Investor Relations, at 604-551-2360.


“Chris Taylor”

Chris Taylor, President and CEO

Tel: 604-646-8354
Fax: 604-646-4526

Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This new release may contain forward-looking statements. These statements are based on current expectations and assumptions that are subject to risks and uncertainties. Actual results could differ materially because of factors discussed in the management discussion and analysis section of our interim and most recent annual financial statement or other reports and filings with the TSX Venture Exchange and applicable Canadian securities regulations. We do not assume any obligation to update any forward-looking statements.

We seek safe harbor

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