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MIRASOL Announces Board Changes


VANCOUVER , March 21, 2019 /CNW/ – Mirasol Resources Ltd. (TSX-V: MRZ) (OTCPK: MRZLF) (the “Company” or “Mirasol“) is pleased to announce that Norman Pitcher , President and CEO, has been appointed to the Company’s Board of Directors following the resignation of Stephen Nano from the board.  Mr. Nano will continue as an advisor the Company.

Mirasol’s Chairman, Dana Prince , welcomed Mr. Pitcher to the Board stating: “Norm’s considerable experience will ensure that we continue to advance exploration of the Company’s project portfolio and also strategically add new projects to sustain the Company’s long-term strategic objective of remaining a leading project generator.  On behalf of the Board and the entire Company, we again thank Stephen for his years of service to the Company and look forward to continuing our association with him.”

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 .

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.

SOURCE Mirasol Resources Ltd.

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NV Gold Announces Upsizing of Private Placement to CDN$1,000,000

VANCOUVER, BC / ACCESSWIRE / March 21, 2019 / NV Gold Corporation (TSX.V: NVX; OTC PINK: NVGLF) (“NV Gold” or the “Company“) is pleased to announce that due to strong interest, the Company has increased the previously announced non-brokered private placement (see news release dated March 19th, 2018) up to $1,000,000 (the “Placement”).

The Placement is an offering of up to 8,333,333 units (the “Units”) at CDN$0.12 per Unit. Each Unit consists of one Share and one-half of one Warrant exercisable at CDN$0.20 per share for 30 months from issue of the Units. A finder’s fee is payable on subscriptions by certain of the subscribers of 7% of the cash proceeds paid by such subscribers and warrants to purchase 7% of the number shares issuable to such subscribers in respect of their subscriptions for Units.

Closing of the Placement is conditional on acceptance of the TSX Venture Exchange. The proceeds of the Placement will be used by the Company for the advancement of existing properties, potential acquisition new properties, and for general working capital.

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.

About NV Gold Corporation

NV Gold is a junior exploration company based in Vancouver, British Columbia that is focused on delivering value through mineral discoveries. Leveraging its highly experienced in-house technical knowledge, NV Gold’s geological team intends to utilize its geological databases, which contains a vast treasury of field knowledge spanning decades of research and exploration, combined with a portfolio of mineral properties in Nevada, to prioritize key projects for focused exploration programs.

On behalf of the Board of Directors,

Peter A. Ball
President and COO

For further information, visit the Company’s website at or contact:

Peter A. Ball, President & COO
Phone: 1-888-363-9883

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

Forward Looking Statements

This news release includes certain forward-looking statements or information. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the proposed raising of CDN$X,XXX,XXX and the proposed uses of such funds and other future plans and objectives of the Company, including exploration plans, are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s plans or expectations include regulatory issues, market prices, availability of capital and financing, general economic, market or business conditions, timeliness of government or regulatory approvals and other risks detailed herein and from time to time in the filings made by the Company with securities regulators. The Company disclaims any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise except as otherwise required by applicable securities legislation.

SOURCE: NV Gold Corporation

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NEXGEN Announces Appointment of Brad Wall, the Former Premier of Saskatchewan, to its Board of Directors


VANCOUVER , March 21, 2019 /CNW/ – NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX:NXE, NYSE MKT:NXE) is pleased to announce the appointment of former Saskatchewan Premier Mr. Brad Wall to the Company’s Board of Directors. This appointment coincides with the retirement from the NexGen Board of Craig Parry , Chief Executive Officer of IsoEnergy and founding member of the Board of Directors at NexGen, who is moving onto the Technical Advisory Committee.

Leigh Curyer, Chief Executive Officer, commented: “On behalf of the Executive and Board of NexGen we are very pleased to welcome Mr. Brad Wall . Mr. Wall brings to NexGen extensive national energy policy, political and economic experience and has demonstrated a very strong commitment, results and advocacy in the best interests of Saskatchewan and Canada over his entire career. Mr Wall in his capacity as a director to NexGen is joining a team dedicated to developing a Canadian energy project that will deliver significant generational benefits to Saskatchewan and Canada and set new standards in responsible project development.

I would also like to take the opportunity to thank Craig Parry , one of our founding Directors, for his dedication and support during his tenure as a director. In his capacity as Chief Executive Officer of IsoEnergy, which recently made a significant uranium discovery, we look forward to Craig’s continued valuable contribution to the group as he primarily focuses his efforts on the exciting Hurricane Zone with NexGen being a significant long-term shareholder.”

Brad Wall

As the 14th Premier of Saskatchewan , Mr. Wall brings to NexGen’s Board political experience spanning over a 20 year period. During his tenure as Premier, Mr. Wall led the province to unprecedented economic expansion, strong population and export growth, record infrastructure investment and the first ever and continuing AAA credit for the Province’s finances.  Mr. Wall worked successfully with the previous federal government to achieve nuclear cooperation agreements between Canada and both India and China opening up those civilian nuclear energy markets to Canadian uranium.  He is an advocate for sustainable, inclusive economic development and provides strategic insight to the energy sector.

About NexGen

NexGen is a British Columbia corporation with a focus on the acquisition, exploration and development of Canadian uranium projects. NexGen has a highly experienced team of uranium industry professionals with a successful track record in the discovery of uranium deposits and in developing projects through discovery to production. NexGen owns a 100% interest in Rook I, location of the Arrow Deposit in the Athabasca Basin, Saskatchewan, Canada and a portfolio of prospective uranium exploration projects throughout northwest Saskatchewan . NexGen is the recipient of the PDAC’s 2018 Bill Dennis Award and the 2019 Environmental and Social Responsibility Award.

Technical Disclosure

The technical information in this news release with respect to the PFS has been reviewed and approved by Paul O’Hara , P.Eng. of Wood., David Robson , P.Eng., M.B.A., and Jason Cox , P.Eng. of RPA, each of whom is a “qualified person” under National Instrument 43-101 – Standards of Disclosure for Mineral Projects (“NI-43-101“).

The Mineral Resource Estimate was completed by Mr. Mark Mathisen , C.P.G., Senior Geologist at RPA and Mr. David Ross , P.Geo., Director of Resource Estimation and Principal Geologist at RPA.  Both are independent Qualified Persons in accordance with the requirements of National Instrument (NI) 43-101 and they have approved the disclosure herein. All other technical information in this news release has been approved by Mr. Troy Boisjoli , Geoscientist Licensee, Vice President – Operations & Project Development for NexGen.  Mr. Boisjoli is a qualified person for the purposes of NI 43-101 and has verified the sampling, analytical, and test data underlying the information or opinions contained herein by reviewing original data certificates and monitoring all of the data collection protocols.  All other technical information in this news release has been approved by Mr. James Hatley , a Professional Engineer, Senior Vice-President – Project Development for NexGen.  Mr. Hatley is a qualified person for the purposes of NI 43-101 and has reviewed the underlying the information or opinions contained herein on mine design.

A technical report in respect to the PFS is filed on SEDAR ( and EDGAR ( and is available for review on NexGen Energy’s website (

SEC Standards

Estimates of mineralization and other technical information included or referenced in this news release have been prepared in accordance with NI 43-101. The definitions of proven and probable mineral reserves used in NI 43-101 differ from the definitions in SEC Industry Guide 7. Under SEC Industry Guide 7 standards, a “final” or “bankable” feasibility study is required to report reserves, the three-year historical average price is used in any reserve or cash flow analysis to designate reserves and the primary environmental analysis or report must be filed with the appropriate governmental authority. As a result, the reserves reported by the Company in accordance with NI 43-101 may not qualify as “reserves” under SEC standards. In addition, the terms “mineral resource”, “measured mineral resource”, “indicated mineral resource” and “inferred mineral resource” are defined in and required to be disclosed by NI 43-101; however, these terms are not defined terms under SEC Industry Guide 7 and normally are not permitted to be used in reports and registration statements filed with the SEC. Mineral resources that are not mineral reserves do not have demonstrated economic viability. Investors are cautioned not to assume that any part or all of the mineral deposits in these categories will ever be converted into reserves. “Inferred mineral resources” have a great amount of uncertainty as to their existence, and great uncertainty as to their economic and legal feasibility. It cannot be assumed that all or any part of an inferred mineral resource will ever be upgraded to a higher category. Under Canadian securities laws, estimates of inferred mineral resources may not form the basis of feasibility or pre-feasibility studies, except in rare cases. Additionally, disclosure of “contained pounds” in a resource is permitted disclosure under Canadian securities laws; however, the SEC normally only permits issuers to report mineralization that does not constitute “reserves” by SEC standards as in place tonnage and grade without reference to unit measurements. Accordingly, information contained or referenced in this news release containing descriptions of the Company’s mineral deposits may not be comparable to similar information made public by U.S. companies subject to the reporting and disclosure requirements of United States federal securities laws and the rules and regulations thereunder.

Technical Information

For details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource please refer to the technical report entitled “Arrow Deposit, Rook I Project Saskatchewan NI 43-101 Technical Report on Pre-feasbility Study” dated effective 5 November, 2018 (the “Rook 1 Technical Report”) prepared by Paul O’Hara , P.Eng., Jason J. Cox , P.Eng., David M. Robson , P.Eng., M.B.A., Mark B. Mathisen , C.P.G. each of whom is a “qualified person” under NI 43-101. The Rook I Technical Report is available for review under the Company’s profile on SEDAR at and EDGAR ( providing details of the Rook I Project including the quality assurance program and quality control measures applied and key assumptions, parameters and methods used to estimate the Mineral Resource and is available on NexGen Energy’s website (

Forward-Looking Information

The information contained herein contains “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and “forward-looking information” within the meaning of applicable Canadian securities legislation. “Forward-looking information” includes, but is not limited to, statements with respect to the activities, events or developments that the Company expects or anticipates will or may occur in the future. Generally, but not always, forward-looking information and statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or the negative connotation thereof or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved” or the negative connotation thereof.

Forward-looking information and statements are based on the then current expectations, beliefs, assumptions, estimates and forecasts about NexGen’s business and the industry and markets in which it operates. Forward-looking information and statements are made based upon numerous assumptions, including among others, that the proposed transaction will be completed, the results of planned exploration activities are as anticipated, the price of uranium, the cost of planned exploration activities, that financing will be available if and when needed and on reasonable terms, that third party contractors, equipment, supplies and governmental and other approvals required to conduct NexGen’s planned exploration activities will be available on reasonable terms and in a timely manner and that general business and economic conditions will not change in a material adverse manner. Although the assumptions made by the Company in providing forward looking information or making forward looking statements are considered reasonable by management at the time, there can be no assurance that such assumptions will prove to be accurate.

Forward-looking information and statements also involve known and unknown risks and uncertainties and other factors, which may cause actual results, performances and achievements of NexGen to differ materially from any projections of results, performances and achievements of NexGen expressed or implied by such forward-looking information or statements, including, among others, negative operating cash flow and dependence on third party financing, uncertainty of the availability of additional financing, the risk that pending assay results will not confirm previously announced preliminary results, imprecision of mineral resource estimates, the appeal of alternate sources of energy and sustained low uranium prices, aboriginal title and consultation issues, exploration risks, reliance upon key management and other personnel, deficiencies in the Company’s title to its properties, uninsurable risks, failure to manage conflicts of interest, failure to obtain or maintain required permits and licenses, changes in laws, regulations and policy, competition for resources and financing, and other factors discussed or referred to in the Company’s Annual Information Form dated March 2, 2018 under “Risk Factors”.

Although the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in the forward-looking information or implied by forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended.

There can be no assurance that forward-looking information and statements will prove to be accurate, as actual results and future events could differ materially from those anticipated, estimated or intended. Accordingly, readers should not place undue reliance on forward-looking statements or information. The Company undertakes no obligation to update or reissue forward-looking information as a result of new information or events except as required by applicable securities laws.

MILES FRANKLIN As March 29th Approaches Central Banks Around the World Are Buying Gold – WHY?


David’s Commentary (In Blue)
I am on vacation this week and most of next week. I will be publishing my column just once this week and, only on Wednesday next week. I plan to be back to twice a week in April.
China just printed a trillion new dollars – in one month. Japan has kept their economy afloat for years with money creation – they buy a majority of their debt (bonds) every year, and stocks too. The Fed does whatever it has to keep the economy going, starting with their low interest rate policy. I’ll get back to this point shortly.
But first, Jim Sinclair pointed out how unrealistic it is to expect fiat paper to continue to be a store of value in the future. This is a charade that must come to an end. Of course the sixty-four-thousand-dollar question is “when?”
A friend of mine is my personal banker. A while ago I told him I wanted a six-figure line of credit. I didn’t have a need for it, but I thought it would be nice to have, just in case. He said the bank needed collateral so I decided to use some of my gold as backing for the line of credit. To my surprise, he would only allow me 60% of the value of the gold. I didn’t mind that the gold would be stored in the bank’s vault but it rubbed me the wrong way that the bank regulators did not allow banks to use gold as collateral at market value.
According to the Basil III Standards, gold is not as good as cash or government bonds.Isn’t that ridiculous. However, that’s about to change in April.
The BIS ruling states that Central banks and commercial banks will necessarily value their “financial” and real gold at market price.
The reason the Fed values its gold on its asset side at only $42 per ounce is because the gold is valued at book value by the Treasury, and the Fed’s gold is actually only gold certificates valued at no more than the statutory price of their issuance in 1934 which matches the book value of the Treasury gold. Will the Treasury revalue its physical gold at FRBNY and Fort Knox? Will the Treasury allow the Fed’s gold certificates to be valued at market? What are the implications if they don’t? Will they be forced to “audit” their physical gold holdings, that many believe are no longer there? This should be interesting. But finally, gold will be able to be used as collateral at market value.
Jay Taylor: Under “Basel III” Rules, Gold Becomes Money!
March 17, 2019
Excepted from Jay Taylor’s latest newsletter,
This also raises the question with regard to how much gold the U.S. actually holds as opposed to what it claims to hold. James Sinclair has always argued that the only way the world can overcome the debt that is strangling the global economy is to remonetize gold on the balance sheets of central banks at a price in many thousands of dollars higher. This would mean a major change in the global monetary system away from the dollar, as China has been pushing for the last decade or so.
If banks own and possess gold bullion, they can use that asset as equity and thus this will enable them to print more money. It may be no coincidence that as March 29th has been approaching banks around the world have been buying huge amounts of physical gold and taking delivery. For the first time in 50 years, central banks bought over 640 tons of gold bars last year, almost twice as much as in 2017 and the highest level raised since 1971, when President Nixon closed the gold window and forced the world onto a floating rate currency system.
It seems quite clear that someone or some group of individuals are motivated to cap the price of gold. Profit is a motive. In JPMorgan’s case, they have made billions by shorting gold and silver. The US Treasury and the Fed love to see cheap gold. A rising gold price usually is accompanied by rising interest rates and that is not in their best interest. But here is another reason, and it is tied to the new Basel 3 gold revisions.
Financial analysis published two weeks ago by a major Italian newspaper, Il Sole / 24 Ore (The Sun / 24 Hours), asserted frankly that central banks have been using gold futures and derivatives to suppress the monetary metal’s price so they can obtain more of the metal less expensively in advance of its remonetization under new rules promulgated by the Bank for International Settlements to take effect March 29.
Of course the new BIS rules, the “Basel 3” standards, declaring gold in the vault to be a superior asset, equivalent to cash and government bonds, are not news. What’s news here is that a mainstream financial news organization has nailed the deception and intrigue of central banks and accused them of rigging the international gold market.
Il Sole/24 Ore may be the first mainstream financial news organization to suggest that central banks are rigging the market so they might obtain more gold in anticipation of remonetizing it and pushing its price up, but the newspaper isn’t the first to reach this conclusion. The U.S. economists and fund managers Paul Brodsky and Lee Quaintance hypothesized as much in a study published in 2012 and called to your attention by GATA.
[Excepted from Jay Taylor’s latest newsletter]
In 2018, central banks added nearly 23 million ounces of gold, up 74% from 2017. This is the highest annual purchase rate increase since 1971, and the second-highest rate in history. Russia was the biggest buyer. And not surprisingly, the lion’s share of gold is flowing into central banks of countries that are in the sights of America’s killing machine-the Military Industrial Complex that Eisenhower warned us about in 1958.
The Bank for International Settlements (BIS), located in Basal, Switzerland, is often referred to as the central bankers’ bank. Related to this issue of central bank hoarding of gold is the fact that on March 29 the BIS will permit central banks to count the physical gold it holds (marked to market) as a reserve asset just the same as it allows cash and sovereign debt instruments to be counted.
There has been a long-term view that China and other nations dishoarding dollars in favor of gold have been quite happy about western banks trashing the gold price through the synthetic paper markets. But one has to wonder if that might not change, once physical gold is marked to market for the sake of enlarging bank balance sheets.
This also raises the question with regard to how much gold the U.S. actually holds as opposed to what it claims to hold. James Sinclair has always argued that the only way the world can overcome the debt that is strangling the global economy is to remonetize gold on the balance sheets of central banks at a price in many thousands of dollars higher. This would mean a major change in the global monetary system away from the dollar, as China has been pushing for the last decade or so.
If banks own and possess gold bullion, they can use that asset as equity and thus this will enable them to print more money. It may be no coincidence that as March 29th has been approaching banks around the world have been buying huge amounts of physical gold and taking delivery. For the first time in 50 years, central banks bought over 640 tonnes of gold bars last year, almost twice as much as in 2017 and the highest level raised since 1971, when President Nixon closed the gold window and forced the world onto a floating rate currency system.
But as Chris Powell of GATA noted, that in itself is not news. The move toward making gold equal to cash and bonds was anticipated several years ago. However, what is news is the realization by a major Italian Newspaper, II Sole/24 Ore, that “synthetic gold,” or “paper gold,” has been used to suppress the price of gold, thus enabling countries and their central banks to continue to buy gold and build up their reserves at lower and lower prices as massive amounts of artificially-created “synthetic gold” triggers layer upon layer of artificially lower priced gold as unaware private investors panic out of their positions.
This worthwhile commentary from Jay, which I’ve read in its entirety, was posted on the Zero Hedge website in abridged form at 11:29 a.m. EDT on Sunday morning — and the first reader that dropped it in my in-box was Judy Sturgis. Another link to it is here.
I write about bubbles and interest rates a lot. Recently a Fed bigwig wrote an article that stated the Fed cannot normalize policy EVER without blowing up all of the bubbles in the financial system. Keeping interest rates this low fosters speculation and will push the financial bubbles even further into never-never land. When this all comes to an end, it will be horrific. What better way to prepare for the inevitable than to own gold and silver? The bubbles are real. The debasement of currency and bonds are real. None of this is imagined. The Fed understands this and the danger in keeping rates low, but they finally are getting around to admitting that they have no choice.
Phoenix Capital
A Fed Insider Comes Clean on the Everything Bubble
The Fed just realized two things:
1)  It cannot normalize policy EVER without blowing up the Everything Bubble/ financial system.
2)  The Fed is well behind the curve when it comes to dealing with the next downturn.
Regarding #1, we’ve had some developments in the last month.
Recently, Dallas Fed President Robert Kaplan published an article on one of the Fed’s websites outlining the risks to the corporate bond market.
U.S. nonfinancial corporate debt as a percentage of GDP is now higher than the prior peak reached at the end of 2008…Nonfinancial corporate bonds outstanding in the U.S. grew from approximately $2.2 trillion in 2008 to approximately $5.7 trillion at year-end 2018…
Source: The Dallas Fed
Kaplan is here admitting that the US corporate space is now MORE leveraged to the real economy than it was in 2008. He notes, that as a result of this, the US economy is MUCH more sensitive to interest rates.
An elevated level of corporate debt, along with the high level of U.S. government debt, is likely to mean that the U.S. economy is much more interest rate sensitive than it has been historically.
Source: The Dallas Fed
Even more astonishing Kaplan stated that THIS was the reason why the Fed has decided to stop hiking interest rates!
In January I suggested this was the primary reason why the Fed made such an abrupt U-turn regarding monetary policy. It’s truly extraordinary that a Fed President is confirming this in public.
Remember, the primary mandate of the Fed is to maintain financial stability. This inherently means downplaying risks/ potential threats to the financial system/economy. So as much as you or I would like the Fed to be bluntly honest, the fact is that the Fed has to sugarcoat things to avoid panics.
With that in mind, the above admission by Fed President Kaplan is BEYOND extraordinary. Here we have the head of a regional Federal Bank admitting on record that the financial system, specifically the corporate bond market, is now MORE leveraged than it was in 2008 as direct result of Fed policy.
Even more astonishing for a Fed official, Kaplan is admitting that the US economy is now much more sensitive to interest rates. Put another way, the entire US economy/ financial system has become one gigantic bubble that requires extreme monetary policy (extraordinarily low interest rates) to NOT blow up.
This is literally the definition of the Everything Bubble.
If you aren’t actively taking steps to prepare for this, you need to start NOW.
On that note, we are putting together an Executive Summary outlining all of these issues as well as what’s coming down the pike when the Everything Bubble bursts.
It will be available exclusively to our clients. If you’d like to have a copy delivered to your inbox when it’s completed, you can join the wait-list here.
Best Regards
If you believe that there must be an endgame to all of this debt, money creation, and bubble-inducing madness, then I suggest that you also consider the following inevitable result on the precious metals market. Let me start by giving you an example. We have a client whose net worth is more than $350,000,000. He has already purchased $10,000,000 worth of gold. At the first sign of a credit collapse, interest rates rising rapidly out of control or of the dollar falling fast (having lost its Petro Dollar or Reserve Currency status), he is prepared to purchase an additional $50,000,000 worth of gold. If we had to go into the marketplace today and place an order of that size I don’t think we could fill it – at least not immediately. That would be just one order from one client.
When it becomes clear that the time to own gold and silver is actually upon us, one of two things will happen. The metals may not be available at all, you will have to pay a great deal more, and wait to take delivery.
We have already experienced several periods when gold or silver were not available from the primary distributors (Mints, Refiners, etc.). They were sold out and backordered. This happened when the prices dropped too low and while the demand rose. But when there is a stampede to buy gold and silver that is not precipitated by low prices, but rather by rapidly rising prices fostered by greed and fear of a collapse in the currency or credit markets, the demand will be much, much greater. You better have a very strong relationship with your dealer and hope that they can put you near the top of what will be a very long list of orders. This is not a scare tactic, it is a fact. It is exactly how the market will work. It will freeze up and supply will vanish, prices will rise. What is an ounce of gold or silver in scarce supply worth when people are desperate to unload their dollars to purchase it? Ask the people in Venezuela.
Are confident that you know how this must end up? The facts are adding up pointing to a very unhappy ending that is moving closer by the day. You should remind yourself that when you think it is convenient to take your position in gold and silver they may not be available for purchase, or if they are, you will have to wait a long time to take delivery paying a huge premium for the privilege of getting some precious metals at all.
I ask myself, why are we doing so much business in the last six months with gold and silver still so very much out of favor by the main stream? Because many of our clients are aware of what I just wrote (above). They understand that being early is the only safe option and they can see the handwriting on the wall. The stock market, the bond market and the dollar are ALL under pressure.
I will end this with a few comments from our friend Jim Sinclair – still “Mr. Gold” in our mind….
Jim Sinclair
The manipulators of paper gold can temporarily do anything. The operative word there in being temporarily.
The equation is gold versus run away insane debt levels, plus now we see QE in its true GLOBAL form as to INFINITY.
Do you really believe that fiat paper will maintain, and therefore store the value of what you have? Sorry, it simply will not.
As such GOLD is your savings account.
End of story!
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About Miles Franklin
Miles Franklin was founded in January, 1990 by David MILES Schectman. David’s son, Andy Schectman, our CEO, joined Miles Franklin in 1991. Miles Franklin’s primary focus from 1990 through 1998 was the Swiss Annuity and we were one of the two top firms in the industry. In November, 2000, we decided to de-emphasize our focus on off-shore investing and moved primarily into gold and silver, which we felt were about to enter into a long-term bull market cycle. Our timing and our new direction proved to be the right thing to do.
We are rated A+ by the BBB with zero complaints on our record. We are recommended by many prominent newsletter writers including Doug Casey, Jim Sinclair, David Morgan, Future Money Trends and the SGT Report.
For your protection, we are licensed, regulated, bonded and background checked per Minnesota State law.
Miles Franklin
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Nuclear shares soar after China plans to invest US$12 billion in new reactors for first time since 2016


Nuclear power related shares soared across the board on Tuesday in Hong Kong and China after Beijing announced plans to invest 81.2 billion yuan (US$12 billion) in four new reactors for the first time since 2016.

CGN Mining, a unit of state-owned China General Nuclear Power Group (CGN) that trades in uranium fuel, jumped 15 per cent to 38 Hong Kong cents in Hong Kong. CGN Power, a nuclear power station operator under CGN, also climbed 3.2 per cent to HK$2.27, extending a four-day winning streak.

Nuclear power equipment maker Lanzhou LS Heavy Equipment soared by the maximum-allowed 10 per cent to close at 6.33 yuan in Shanghai.

Shenzhen Woer Heat-Shrinkable Material, which manufactures materials for nuclear reactors, also surged 10 per cent on the Shenzhen Stock Exchange.

Industrial valve maker SUFA Technology Industry rose 7.1 per cent to 15.59 yuan in Shenzhen.

China Nuclear Industry Construction, a unit of China’s sole nuclear power engineering firm CNEC, jumped 5.6 per cent to 9.47 yuan in Shanghai. CGN Nuclear Technology Development, which mainly makes electron accelerators, gained 5.5 per cent to 9.65 yuan in Shenzhen.

The broad surge came after China’s Ministry of Ecology and Environment said in a statement carried on its website on Monday that China National Nuclear Power (CNNP) and CGN plan to build two reactors each starting in June.

CNNP’s reactors are planned in Zhangzhou city, Fujian province, while CGN will build the other two in Huizhou city, Guangdong province.

The companies will adopt China’s domestically developed nuclear reactor design, namely the Hualong One third-generation reactors. It has been developed by CNNP and CGN based on the ACPR1000 and ACP1000 designs, derived from the French technology.

CNNP officials have hailed it as China’s independent innovation.

If advanced on schedule, the launch will end a three-year hiatus in China’s nuclear reactor construction and boost the country’s nuclear export ambitions.

Beijing did not approve any new reactor from 2016 to 2018, partly due to the slow progress in the use of advanced and safer third-generation reactors, including Westinghouse’s AP1000 and Hualong One.

The ministry said that if it does not get any objections on the environmental impact of the projects by March 29, the two firms may go ahead and start construction as scheduled. The projects are subject to other regulatory clearance.

As of January, China had 46 nuclear reactors in operation with a capacity of more than 45 gigawatts, making it the world’s third largest in installed capacity, according to the government. Another 11 are under construction with a planned capacity of 12.2GW.

Last year, about 3.9 per cent of electricity generated in China came from nuclear power.

China’s nuclear power development strategy has set a goal of 58GW in total installed nuclear generation capacity by 2020.

More from South China Morning Post:

This article Nuclear shares soar after China plans to invest US$12 billion in new reactors for first time since 2016 first appeared on South China Morning Post

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AGORA FINANCIAL Gold Speculator Portfolio Update

To get more great content from Agora Financial click here.
Riverside Resources (OTCBB: RVSDF)
Maintain Buy up to: $0.24
Position sizing: 1.5%

Riverside is a prospect generator that works mainly in northern Mexico, Sonora state. I’ve visited several of the company’s sites. In fact, I was down there this past weekend.

Shares traded down in the past month. Shares are slightly down over the past six months and year.

Riverside recently raised over $2 million via “oversubscribed” private placement. It’s a vote of confidence in the company and its CEO John-Mark Staude.

I visited a couple more Riverside mineral claims the other day down in Sonora. Let’s begin with this shot from the pickup truck… Indeed, you know you might be onto something when the roads are paved with copper ore!


Copper mineralization in road gravel. BWK photo.

The green stuff is malachite, mostly; it’s copper mineralization that coats gravel in an ancient outwash/conglomerate system. The source (the technical term is “up-gradient origin”) is a nearby, massive copper porphyry… a true mountain of copper ore.

There’s been a bit of historic mining in the area but not much. Indeed, most of the ore body has barely been picked over topside by miners of old, and almost none of it has felt the gentle touch of a drill bit. But Riverside has consolidated the hodgepodge of claims into a much better package for purposes of bringing in a partner. It’s ready to go now. (Note: I said “now.”)

During one stop along the field-trip route, John-Mark and I were literally walking on high-grade copper ore (the green stuff). Like this…


Your editor and Riverside CEO John-Mark Staude, walking on copper. BWK photo.

We were in the midst of a mineralized trend that’s literally miles-by-miles in dimension. It’s eastern Sonora, just west of the foothills of the mighty Sierra Madre mountain range. It’s volcanic caldera country — think of Yellowstone Park.

There’s placer gold mining in every streambed, water supply permitting. And there’s hard-rock mining to the east and west. The secret to success here is that much of the Riverside claim is buried, in some places under a thin layer of volcanic ash, like what you see here in this shot.


Your editor walks on volcanic ash, accompanied by a curious ranch dog. BWK photo.

Copper and gold. You want it? Right here… Riverside is absolutely ripe for a major combination with a larger company. The land position is second to none. The mineralization is vast, high grade, big size and eminently scalable. Company staff have done a splendid job of obtaining land position, permits, agreements with locals, nearby political support and more.

As a prospect generator, Riverside is in the business of developing multiple parallel stories, which add value. Stand by… That added value is likely to show up very soon! If you don’t own shares, get some. Maintain buy on Riverside up to $0.24.

COBALT 27 Provides Status Update on Acquisition of Highlands Pacific

TSX Venture: KBLT
FRA: 27O

TORONTOMarch 19, 2019 /PRNewswire/ — Cobalt 27 Capital Corp. (“Cobalt 27” or the “Company”) (KBLT.V) (CBLLF) (27O.F), a battery metals streaming and royalty company, is pleased to provide a status update on its previously announced acquisition of Highlands Pacific Limited (“Highlands”)(ASX: HIG; POMSoX: HIG), via a definitive scheme implementation agreement (the “Implementation Agreement”), whereby Cobalt 27 proposes to acquire all of the issued ordinary shares of Highlands that it does not own by means of a scheme of arrangement (the “Scheme”) under Part XVI of the PNG Companies Act in Papua New Guinea (see news release dated January 1, 2019).

  • On March 12, 2019, Highlands filed the Independent Expert’s Report concluding the Scheme is fair and reasonable, and therefore in the best interests of Highlands’ shareholders.
  • The National Court of Papua New Guinea ordered a meeting for Highlands’ shareholders to vote on the Scheme, which has been set for April 30, 2019.
  • Cobalt 27 is now Highlands’ single largest shareholder, having increased its equity interest from 13% to approximately 19.99% during the first quarter of 2019.
  • Highlands’ 45-day period to approach other parties for superior offers on its project interests ended February 16, 2019.
  • Upon close of the proposed Highlands acquisition, Cobalt 27 to gain an 8.56% interest in the producing Ramu nickel-cobalt mine, a large, long-life, low-cost, high-growth nickel-cobalt operation.

Independent Expert’s Report – In relation to the Scheme, the independent directors of Highlands engaged Deloitte Corporate Finance Pty Limited (“Deloitte Corporate Finance”) to prepare an Independent Expert’s Report, dated March 12, 2019, to opine on whether the Scheme is in the best interests of holders of Scheme Shares (being all shares in Highlands other than those held by or on behalf of Cobalt 27 or its subsidiaries).  Behre Dolbear Australia Pty Ltd. was retained by Deloitte Corporate Finance to prepare an Independent Technical Expert Review and Valuation of Highlands Pacific’s Mineral Assets, dated March 7, 2019 and which is incorporated by reference in the Independent Expert’s Report.

Deloitte Corporate Finance concluded that the Scheme is fair and reasonable, and is therefore in the best interests of holders of Scheme Shares, in the absence of a superior proposal.  Under the Implementation Agreement, Highlands had a 45-day period to consider all options and approach other parties for superior offers on its project interests or for Highlands in full. This period ended on February 16, 2019.

About Highlands Pacific
Highlands is a mining and exploration company listed on the Australian Stock Exchange and the Port Moresby Stock Exchange in PNG. Highlands’ primary assets include an 8.56% interest in the producing Ramu mine and a 20% interest in Frieda River Copper-Gold Project, both located in PNG. Highlands also holds the Star Mountains Copper Gold exploration project in PNG and has exploration tenements on Normanby Island (Sewa Bay).

About Cobalt 27 Capital Corp.
Cobalt 27 Capital Corp. is a leading battery metals streaming company offering exposure to metals integral to key technologies of the electric vehicle and energy storage markets.  The Company owns physical cobalt and a 32.6% Cobalt Stream on Vale’s world-class Voisey’s Bay mine,‎ beginning in 2021.  Cobalt 27 is undertaking a friendly acquisition of Highlands Pacific which is expected to add increased attributable nickel and cobalt production from the long-life, world-class Ramu Mine.  The Company also manages a portfolio of 11 royalties and intends to continue to invest in a cobalt and nickel focused portfolio of streams, royalties and direct interests in mineral properties containing battery metals.

Forward-Looking Information

This news release contains certain information which constitutes ‘forward-looking statements’ and ‘forward-looking information’ within the meaning of applicable Canadian securities laws. Forward-looking statements in this news release include, without limitation: statements as to Cobalt 27’s management’s expectations with respect to the proposed combination of Cobalt 27 and Highlands, including the combined company’s financial position, cash flows and growth prospects; statements as to the anticipated benefits of the Scheme transaction; certain combined operational, financial and other information and projections; statements pertaining to the anticipated completion of the Scheme and the timing thereof; and the receipt of any court, regulatory and stock exchange approvals therefor; statements pertaining to the timing and amounts of cash consideration related to the acquisition of Highlands; statements pertaining to estimates of mineral resources and mineral reserves at Ramu; statements pertaining to future production and mining costs at Ramu; statements pertaining to future prices of cobalt, nickel and other commodities; and statements pertaining to the adoption of electric vehicles globally. Forward-looking statements involve known and unknown risks and uncertainties, most of which are beyond the Company’s control. For more details on these and other risk factors see the Company’s most recent Annual Information Form on file with Canadian securities regulatory authorities on SEDAR at under the heading “Risk Factors”. Should one or more of the risks or uncertainties underlying these forward-looking statements materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results, performance or achievements could vary materially from those expressed or implied by the forward-looking statements. Accordingly, undue reliance should not be placed on these forward-looking statements. This news release also contains references to estimates of mineral resources and mineral reserves. The estimation of mineral resources is inherently uncertain and involves subjective judgments about many relevant factors. Estimates of mineral reserves provide more certainty but still involve similar subjective judgments. Mineral resources that are not mineral reserves do not have demonstrated economic viability. The accuracy of any such estimates is a function of the quantity and quality of available data, and of the assumptions made and judgments used in engineering and geological interpretation (including estimated future production from the company’s projects, the anticipated tonnages and grades that will be mined and the estimated level of recovery that will be realized), which may prove to be unreliable and depend, to a certain extent, upon the analysis of drilling results and statistical inferences that ultimately may prove to be inaccurate. Mineral resource or mineral reserve estimates may have to be re-estimated based on: (i) fluctuations in mineral prices; (ii) results of drilling; (iii) metallurgical testing and other studies; (iv) proposed mining operations, including dilution; (v) the evaluation of mine plans subsequent to the date of any estimates and/or changes in mine plans; (vi) the possible failure to receive required permits, approvals and licences; and (vii) changes in law or regulation.

The forward-looking statements contained herein are made as of the date of this release and, other than as required by applicable securities laws, the Company does not assume any obligation to update or revise it to reflect new events or circumstances. The forward-looking statements contained in this release are expressly qualified by this cautionary statement.

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. No securities regulatory authority has either approved or disapproved of the contents of this news release.

For further information please visit the Company website at www.cobalt27.comor contact:

Betty Joy LeBlanc, BA, MBA
Director, Corporate Communications

RISE GOLD Intersects 90 gpt Gold Over 4.3 meters at Idaho-Maryland

New drill intercept in Idaho Vein assays 90.4 gpt gold / 4.27 m (2.6 oz per ton / 14.0 ft)New drill intercept includes 458 gpt gold over 0.81 m (13.4 oz per ton / 2.7 ft) Additional drilling targeting Idaho #1 Vein currently in progressMultiple 52 Vein intersections assayed up to 15.4 gpt gold over 1.63 m (0.45 opt / 5.3 ft)A shallow vein near surface assayed 8.5 gpt gold over 2.88 m (0.25 opt / 9.4 ft)

Vancouver, British Columbia–(Newsfile Corp. – March 19, 2019) – Rise Gold Corp. (CSE: RISE) (OTCQB: RYES) (the “Company“) is pleased to announce additional assay results from on-going diamond core drilling at the Idaho-Maryland (“I-M”) Gold Project.

The exploration drill program at the Idaho-Maryland continues to be successful. Recent drilling intersected the Idaho #1 Vein below historic mining areas and intersected the 52 Vein area prior to reaching the Idaho #1 Vein target. A shallow vein was also intersected at 259 m.

TABLE 1 – New Drill Hole Intercept Highlights

From (m)
To (m)
Idaho #1 Vein
Idaho #1
Idaho #1
Idaho # 1
Near Surface
52 Vein Area

*The Company is not able to estimate true widths for the intersected mineralization until further drilling is completed.

Very high-grade gold mineralization was encountered in drill hole I-19-13A which assayed 90.4 gpt gold over 4.27 m (2.6 oz per ton / 14 feet). Rise Gold has interpreted this intercept to represent a significant down-dip extension of the historic Idaho #1 Vein. The intercept in I-19-13A is near the elevation of the lowest haulage level of the mine accessed by the existing vertical mine shaft.

FIGURE 1 – Visible Gold in Drill Intercept I-19-13A (in retained half core)

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The Idaho #1 Vein was the most productive and highest-grade vein of the I-M Mine. Historic production from the Idaho #1 Vein is estimated at 935,000 oz of gold with an average head grade of 38.7 gpt (1.12 opt) gold. Total historic production from the Idaho Veins is estimated at 1,621,000 oz of gold with an average head grade of 28.4 gpt (0.74 opt) gold.

Idaho #1 Vein Drilling

The mineralized intercepts in drill holes I-19-13 and I-19-13A consist of a quartz shear vein and extensive zones of quartz-sericite-pyrite alteration in the walls of the vein.

  • Drill hole I-19-13A was wedged from drill hole I-19-13 and the holes are offset approx. 1.5 meters apart at the vein intersection
  • The vein in I-19-13 assayed 5.5 gpt gold over 5.12 m (0.16 opt / 16.8 ft)
  • The vein in I-19-13A assayed 90.4 gpt gold over 4.27 m (2.64 opt / 14.0 ft)
  • The weighted average of both holes is 44.1 gpt gold over 4.69m (1.29 opt / 15.4 ft)
  • I-19-13A includes a sample which assayed 458 gpt gold over 0.84 m (13.36 opt / 2.7 ft)
  • The vein in I-19-13A contains coarse visible gold in some samples of retained half core
  • A 40 m wide zone of alteration surrounds the vein with an average grade of ~1.5 gpt gold and individual samples assaying up to 12 gpt gold

Drill hole I-18-11 intersected the Idaho #1 Vein approx. 525 m along strike to the north-west and 200 m below I-19-13A. The intercept consists of a quartz shear vein and extensive zones of quartz-sericite-pyrite alteration in the walls of the vein.

  • The vein in I-18-11 assayed 3.6 gpt gold over 2.47 m (0.11 opt / 8.1 ft)
  • A 100 m wide zone of alteration surrounds the vein with an average grade of ~1.1 gpt gold and individual samples assaying up to 8 gpt gold
  • Additional drilling in the area of I-18-11 may reveal coarse gold similar to I-19-13A

Drill hole I-18-13A and I-18-11 are located 120 m and 320 m vertically below the I2400 level, the lowest level of exploration on the Idaho #1 Vein. Historic drifts were driven from each end of the vein and reported to be in gold mineralization at the time the mine was shut down.

  • I2400L West: historic channel samples of the vein and wallrock averaged 19.9 gpt gold over 1.93 m (0.58 opt / 6.4 ft) for a distance of 165 m to the final shutdown face
  • Channel samples include assays up to 481 gpt gold over 1.16 m (14.0 opt / 3.8 ft)
  • I2400L East: drifting in the Idaho #1 Vein was reported to be “well mineralized” over a distance of 76 m to the final shutdown face

Drill hole I-18-12 was designed to test the down-dip extension of the mineralization encountered in I-18-11 but significantly deviated and did not reach the intended Idaho #1 Vein target.

Rise Gold is currently drilling the Idaho #1 Vein target between I-19-13A and I-18-11 and utilizing directional drilling to improve the accuracy of drilling and expedite the next intercepts.

A summary of drill hole assay results from recent exploration diamond drilling on the Idaho #1 Vein target are presented in Table 1 and illustrated in Figure 2. A photo of coarse visible gold in drill hole I-19-13A is displayed in Figure 1.

The Isometric drawing (Figure 2) showing the recent drill hole intercepts in the Idaho area can be downloaded from the following link.

FIGURE 2 – Idaho Vein Intercepts – Isometric View

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52 Vein Area Drilling

Drill holes I-18-11 and I-18-12 drilled though the 52 Vein area en route to the Idaho #1 Vein target.

Important gold mineralization related to the 52 Vein was intersected in drill holes I-18-11 & I-18-12. The 52 Vein intercepts are located approximately 242 m and 125 m north-east of the previous drill intercept in drill hole I-18-10.

A similar style of mineralization to I-18-10 was encountered with a wide flat lying shear vein and high-grade extensional veins in the walls of vein.

Drill hole I-18-10 assayed 149.3 gpt gold over 6.8 m, including 2,190 gpt gold over 0.47 m and was previously reported by news release on Dec 13th 2018.

The current drill program is focussed on the Idaho #1 Vein target and therefore the 52 Vein intercepts are incidental to the Idaho #1 Vein drilling. The 52 Vein represents a large and compelling target for a focussed drilling program in the future.

A summary of drill hole assay results from recent exploration diamond drilling on the 52 Vein target are presented in Table 1 and illustrated in Figure 3.

FIGURE 3 – 52 Vein Intercepts – Plan View

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Quality Control and Assay Methods

Richard Lippoth, M.Sc, CPG, the qualified person for the exploration drill results disclosure contained in this news release, has studied the drill core discussed in this news release and has reviewed the analytical and quality control results. Mr. Lippoth has reviewed and approved the scientific and technical contents of this news release.

Benjamin Mossman, P.Eng, CEO of Rise Gold, is the qualified person for the historic production disclosure contained in this news release. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on

Rise has implemented a quality control program for its drill program to ensure best practice in the sampling and analysis of the drill core. This includes the insertion of blind blanks, duplicates and certified standards. HQ- and NQ-sized drill core is saw cut with half of the drill core sampled at intervals based on geological criteria including lithology, visual mineralization, and alteration. The remaining half of the core is stored on-site at the Company’s warehouse in Grass Valley, California. Drill core samples are transported in sealed bags to ALS Minerals analytical assay lab in Reno, Nevada.

All gold assays were obtained using a method of screen fire assaying. This procedure involves screening a large pulverized sample of up to 1 kg at 100 microns. Any +100 micron material remaining on the screen is retained and analyzed in its entirety by fire assay with gravimetric finish and reported as the Au (+) fraction result. The -100 micron fraction is homogenized and two sub-samples of 30-50 grams are analyzed by fire assay with AAS finish. If the grade of the material exceeds 10 gpt the sample is re-assayed using a gravimetric finish. The average of the two results is taken and reported as the Au (-) fraction result. All three values are used in calculating the combined gold content of the plus and minus fractions.

About Rise Gold Corp.

Rise Gold is an exploration-stage mining company. The Company’s principal asset is the historic past-producing Idaho-Maryland Gold Mine located in Nevada County, California, USA. The Idaho-Maryland Gold Mine is a past producing gold mine with total past production of 2,414,000 oz of gold at an average mill head grade of 17 gpt gold from 1866-1955. Historic production at the Idaho-Maryland Mine is disclosed in the Technical Report on the Idaho-Maryland Project dated June 1st, 2017 and available on Rise Gold is incorporated in Nevada, USA and maintains its head office in Vancouver, British Columbia, Canada.

On behalf of the Board of Directors:

Benjamin Mossman
President, CEO and Director
Rise Gold Corp.

For further information, please contact:

Suite 650, 669 Howe Street
Vancouver, BC V6C 0B4
T: 604.260.4577

The CSE has not reviewed, approved or disapproved the contents of this news release.

Forward-Looking Statements

This press release contains certain forward-looking statements within the meaning of applicable securities laws. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “intend”, “believe”, “anticipate”, “estimate” and other similar words or statements that certain events or conditions “may” or “will” occur.

Although the Company believes that the expectations reflected in the forward-looking statements are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks, uncertainties and assumptions related to certain factors including, without limitation, obtaining all necessary approvals, meeting expenditure and financing requirements, compliance with environmental regulations, title matters, operating hazards, metal prices, political and economic factors, competitive factors, general economic conditions, relationships with vendors and strategic partners, governmental regulation and supervision, seasonality, technological change, industry practices, and one-time events that may cause actual results, performance or developments to differ materially from those contained in the forward-looking statements. Accordingly, readers should not place undue reliance on forward-looking statements and information contained in this release. Rise undertakes no obligation to update forward-looking statements or information except as required by law.

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