Saturday, December 07, 2013

Gold Prospects in Newfoundland

Over the last year there have been many news releases of new gold discoveries and advanced exploration results from companies and prospectors working in Newfoundland and Labrador Canada. These announcements fully support the view and beliefs that many people have held and thought for years - "There is great potential for the discovery of new gold deposits in the province".

Exploration and prospecting continues in many areas of the province, this work that is being undertaken by Junior exploration companies and also individual prospectors. The effort is paying off for many prospectors and companies alike!

Over that last few years more than one company has conducted exploration work that resulted in several muti-million once in situ gold deposits being discovered. These deposits at the time of writing, continue to be expanded with solid results occurring on a regular basis.

Even considering the down turn of the stock market and the reduction of gold prices below historic highs, it is still an exciting time and worthy endeavour to explore for gold in Newfoundland.

What is of equal importance to prospectors is that most of these discoveries have come about as a result of applying new thinking and geological modeling when planning and conducting exploration work especially when reviewing historically known gold occurrences.

I recently did some work on one of my claims that had past sampling, geo mapping, geophysical surveys and prospecting results up to 19.5 grams per tonne gold. Using a fresh line of thinking we obtained grab sample results up to 45 grams per tonne outside the historic area of stripping and a non-selective channel chip sample of 5.95 grams per tonne over 6.5 meters that included nondescript rock, alteration areas and one spot of visible gold.

An example of a NL gold press release ...

Quality Mineral Properties available in Newfoundland and Labrador! 

There is opportunity out there Happy prospecting and safe travels. 

Thursday, October 03, 2013

Gold exploration budget topped 6 Billion 2012

Gold exploration budgets increased drastically since 1999, reaching an all-time high of more than $6 billion in 2012, but the total amount of precious metal found in major discoveries fell short of replacing global production, shows a report by SNL Metals Economics Group.
While it is too early to judge the success of recent exploration, says the report, data for 1990-2012 reveals that miners' annual discovery-oriented gold exploration budget more than doubled between 1990 and 1997 from $930 million to about $2.2 billion.
According to the document, exploration budgets fell in 1998 along with gold prices to recover by 2003, jumping an average of 31% annually until last year. Read More at Source

Friday, September 27, 2013

Video Documentary of The Hemlo Gold Discovery

Prospectors John Larch, Don McKinnon and Richard Hughes discovered gold in the Hemlo camp in the early 1980s, starting a staking rush not seen in Canada since the Klondike gold rush of the late 19th century. Two companies, Golden Sceptre and Goliath Resources, secured rights to a large land package in the area, and were subsequently acquired by Noranda.

Wednesday, February 06, 2013

Scientists discover bacteria that can make gold out of mine waste

I knew that they would try to find a way to eliminate gold prospectors .Quote from here


Gold prospectors may one day use Petri dishes to help with their quests. A species of bacterium forms nanoscale gold nuggets to help it to grow in toxic solutions of the precious metal, reports a paper published online today in Nature Chemical BiologyLink 

Anyway there are those in the business, like me,  that have a gold deposit and have worked hard to define it, and we should not abandon the ship just yet. This idea is still yet a few clouds off of being real.  No doubt that there is probably someone somewhere that is going to try and build a company around this new dream, and get funding with no real understanding or proof,and has will lots of advertising. 

Reality is if you own the gold .. then you still own it 

Tuesday, February 05, 2013

Kevin Puil: $4/lb Copper Is on Its Way [TV, TREVF] - The Gold Report

Kevin Puil: $4/lb Copper Is on Its Way - The Gold Report

pit wall of open pit mine in manitoba picture courtesy of mustang minerals

Found this article on the gold report website. It's an interview with Kevin Puil discussing copper prices, companies exploring for the metal and other things. What I find interesting is his opinion that copper could see $4 / lb this year or better.

Here is a quote for the interview:
Quite frankly, I think you could see copper peak above $4 a pound ($4/lb) this year, and $3.75 is reasonable for an average. It's interesting to look back at the five-year average for copper. Even though a lot of analysts are using ~$2.75/lb as their long-term outlook, copper has only broken below $3/lb for that brief amount of time during the financial crisis. The rest of the time, it's been well above $3/lb. I think it's about time they brought the price up to a more realistic level.
Read The Interview Here

Even with the Canadian Penny going out of circulation, the need and demand for copper will be with us for a long time in the foreseeable future. Manitoba Copper producers and explorers with nice deposits are worth following. I am following Mustang Minerals, VMS Ventures, HudBay Minerals and others.

Does reality TV’s gold boom suggest an end to soaring prices? - Business -

Does reality TV’s gold boom suggest an end to soaring prices? - Business -

The last time TV was so caught up in a trend it was in the house-flipping genre (Flip This HouseFlip That House), which seemed to hit its peak just before the U.S. housing market crashed. Is there a similar warning sign in the TV gold boom?

Some analysts on Wall Street, at least, seem to think gold’s wild ride may be nearing its end.

Monday, February 04, 2013

Friday, February 01, 2013

Gold has gone down river

I have been looking at some placer mining operations lately. Who hasn't with new TV shows based on placer mining operations popping up on a seemingly regular basis. I wish that I could say that I am taking a close look at placer mining because of the resurgence of interest created by mainstream television, but i can't.

Everything those folks do and have done is a credit to their perseverance, work ethics and integrity. It takes a no holds barred determination to go out on a limb buying equipment to start an operation, and a rock hard commitment to see it through. Let alone, diving in skin freezing water to recover gold.

Most of the time, you'll find guys like me looking at hard rock deposits and chipping out samples or drilling things to find a lode bearing area.  I have for many years focused on locating the source of the gold and hoping that it would eventually lead to making a mine. Some of that work has paid off, but it is a long drawn out waiting game. In any case in Canada right know the time involved between making discoveries of gold or other minerals in a hard rock environment and actually seeing a mine develop is at least 12 years.

So I have been thinking. What if I reversed my focus and used what I know about local gold deposits and started looking down stream or down river from the locations. Would I find placer gold that is more easily won? After all, I have often panned in streams and rivers day by day hoping to trace lode gold upstream.

Free gold is liberated and moved by erosion and usually carried down river to end up in river turns or crevices. I am thinking  that it may be easier to mine the gold that I panned over looking to trace the lode rock, than to actually wait to see a hard rock mine developed. That's a bit of a twist for me.

But I don't think it's far fetched, I know where several lode deposits are and I know where the rivers or streams that run off of the area are. I have traced them upstream and totally ignored the downstream possibilities. Until now.

It could be more rewarding to start a wee mobile placer operation down stream.

So Who Has Silver?

Do investors want to own silver because the latest GDP number means that the Fed will continue with QE easing by buying $85 billion a month in mortgage paper and Treasuries? Maybe they see silver and gold as a good "have at hand" store of value. Or maybe they just like the soft, lustrous look and feel of the transitional metal. Each person has their own reasons for owning silver, however these day it is likely safe to say that most folks who own silver in quantity are doing so for the future value.   

It looks like that there are a rather large number of people whom think silver is a great investment these days. I like silver because it looks nice when made into everyday things like utensils and especially when minted into coins and bars. (you now where this is headed)  Many others see silver a good store of value.  

So what is the fuss all about anyway. Lets have a look at some of the media things relating to silver these days...

Hear is a quote from Gregor Gregersen at Silver Bullion Pte Ltd... 

“Our clients are worried that a major currency crisis or mass bankruptcies would occur,” said Gregor Gregersen, the 36- year-old founder of Silver Bullion, whose sales now average about S$6 million ($4.9 million) a month. “It all has to do with falling confidence in the heavily indebted Western governments and financial institutions.”  Link

Bloomberg has been reporting on silver rather frequently  including this article  

Bloomberg reports:
Sales of American Eagle silver coins by the U.S. Mint jumped to a record this month on increased demand for an alternative to currencies as the U.S. central bank presses on with unprecedented stimulus. Sales surged to 7.42 million ounces so far in January, the biggest monthly total since 1986, when the Washington-based Mint began the transactions. The figure compares with the 1.635 million ounces sold in December.
Wasn't it just  Last week that the Royal Canadian Mint put limits on the quantity of sales for its Silver Maple Leaf coin? Yet another link

So what do you think about all the fuss over silver? Leave your comments below if you wish.

My two cents are:

Silver when seen in the weathered natural form out in the field, in a vein outcrop, is rather ugly looking, it's dark and often tends to leave a black satin. But it is rather pretty when refined and it seems that it is  becoming more valuable.  

The last thing I think you should do is rely upon anything I have written above as Investment Advice. I am a mineral prospector who looks at trends in the market mainly to guide my own activities when choosing where to focus and what minerals to focus on in prospecting work. Do I own silver? Yes i do, but my business doesn't include advising people on how to invest. Call the experts for that.

Silver is becoming a mineral that is attracting more attention from the prospector community, and I think that it is about time that it did. A good dream would involve finding a deposit of silver mixed with gold at a high grade. A near perfect dream would involve finding silver and gold mixed with base metals at a profitable mine grade.

After prospecting for a long day in the cold of Manitoba