Company Updates From Management – Wed 22 Nov, 2017

Update from Novo Resources – When Can We expect Exploration Results?

Novo Resources has been busy over the past couple weeks with news on a new board member and a agreement with a local aboriginal association. Quinton Hennigh joins me to outline this news and look ahead to when we can expect the first round of exploration results.

Click here to listen to the most recent interview with John Kaiser focusing on Novo and some of the other companies in the area.

Click here to visit the Novo website.

Click download link to listen on this device: Download Show

Courtesy of the Junior Mining Network here is a video of the interview. The junior Mining Network is a great source for all resource investors to recap news of the day. Click here to visit the site.


Featuring:
Quinton HennighCory Fleck

Comments:
  1. On November 22, 2017 at 11:28 am,
    bonzo barzini says:

    Thanks, Cory!

  2. On November 22, 2017 at 11:41 am,
    GH says:

    I’m still wary of another dip in the junior miners, but I couldn’t resist the JNUG chart, and completed my long position this morning at a total cost basis of 15.18…

    http://stockcharts.com/h-sc/ui?s=JNUG&p=D&yr=2&mn=0&dy=0&id=p41565292446&a=558403323

  3. On November 22, 2017 at 11:47 am,
    Matthew says:

    Like I said a week or two ago, GDX looks bound for $27…

    http://stockcharts.com/h-sc/ui?s=GDX&p=D&yr=1&mn=0&dy=0&id=p66747110426&a=558585654

  4. On November 22, 2017 at 3:46 pm,
    Markedtofuture says:

    Matthew are you still in SGN? Someone has been dumping like crazy the last week.

    • On November 22, 2017 at 4:56 pm,
      Excelsior says:

      Markedtofuture – It has been CIBC that has been dumping huge amount of shares into the market.

      I agree with this poster in the SGN room though:

      https://ceo.ca/sgn?897d4dc3e239

      • On November 22, 2017 at 4:59 pm,
        Excelsior says:

        Here’s the blurb for people too lazy to click:

        @Josh – “$sgn Scorpio Gold Corp 0.025 0% house cibc sold a pile off. Scoop them up! Bordeaux financial is coming to fund them! Positive PEA!”

        @LarryEnticer – “there goes CIBC dumping $SGN again.”

        • On November 22, 2017 at 6:25 pm,
          Markedtofuture says:

          Ex, are you up on the fundamentals? They have years of leach pad production and another mine. A producer at 2.5 cents is buy territory.

          • On November 22, 2017 at 8:27 pm,
            Markedtofuture says:

            HotCopper PIO.AX thread – I agree john.
            Caesium drillings happening now….. assays expected during December 2017 with the balance to follow during January.Initially testing the PEG003 and PEG008-South Prospects which as Oily points 008 was rock-chipped at a spectacular 17.1% CsO2 and thats distant from the original deposit and the highest grade yet found. If we can identify high
            grade extensions it should attract the niche market for Caesium.

            Cobalt drilling started this week so plenty of action proving up managements priorities. At the AGM I asked DC what grades he would be happy with from the drilling programme and he replied results the same as last time would be great. At the AGM, management indicated it was exceptional for one explorer to have 5
            deposits of potential commercial deposits but they realise we must rationalise these down to possibly 3 and concentrate on them. If we can prove up this Cobalt deposit it may be one that can be sold off, allowing focus on Pollucite-Caesium and also Lithium.
            Selling the Cobalt might avoid the question of which of the 5 process options should be used and where those facilities will be.

            I got the distinct impression at the AGM that, following the drill programme in Canada, a buyer would be quite welcome.

            Gold clues…2 Geologists, a helicopter https://hotcopper.com.au/threads/agm-feedback.3852515/page-4#post-29055110

          • On November 23, 2017 at 10:23 am,
            Excelsior says:

            Hi Markedtofuture.

            Yes, I’m very up to speed on the fundamentals for Scorpio Gold. (There are probably 60-70 posts on the KER where this company has been discussed for years now).

            Here is a blurb I just posted in the SGN room this morning on ceo. It was a very lively place today with 7-10 posters at a time checking things out. Typically I’m the only one in there. Refreshing to see it finally getting recognized.

            _________________________________________________________________________

            “As a heads up – I’ve been following $SGN $SRCRF for about 6-7 years now, and they were spun out of Scorpio Mining, which merged with US Gold & Silver to form $USAS $USA Americas Silver.

            This company $SGN is on trend with $WKM West Kirkland and $KOR Corvus Gold in #Nevada and they have 2 active mills.

            http://www.wkmining.com/_resources/projects/hasbrouck/map.jpg+

            They just got their Feasibility Study done to feed their Heap Leach material to Mineral Ridge #mill, and are trying to permit the #exploration and mining of a few more shallow pits peppered all around their land package.

            There was a longer delay than expected getting those permits, and some uninformed funds decided to abandon ship, not understanding how prolific their land package still is and they have about a dozen more key targets for shallow pits that can continue to feed their project for years to come.

            In addition at their 2nd #mill GoldWedge they have had some interesting #Exploration work going on and currently are doing some #TollMilling to generate more income. This is one of the more undervalued #Gold #Producers I’m aware of and it is due for a large re-rating when all this fund liquidation insanity is over with.”

            https://ceo.ca/sgn?90d74419013a

          • On November 23, 2017 at 10:24 am,
            Excelsior says:

            Hi Markedtofuture.
            Yes, I’m very up to speed on the fundamentals for Scorpio Gold. (There are probably 60-70 posts on the KER where this company has been discussed for years now).

            Here is a blurb I just posted in the SGN room this morning on ceo. It was a very lively place today with 7-10 posters at a time checking things out. Typically I’m the only one in there. Refreshing to see it finally getting recognized.

            https://ceo.ca/sgn?90d74419013a

          • On November 23, 2017 at 10:25 am,
            Excelsior says:

            For those too lazy to click:

            “As a heads up – I’ve been following $SGN $SRCRF for about 6-7 years now, and they were spun out of Scorpio Mining, which merged with US Gold & Silver to form $USAS $USA Americas Silver.

            This company $SGN is on trend with $WKM West Kirkland and $KOR Corvus Gold in #Nevada and they have 2 active mills.

            http://www.wkmining.com/_resources/projects/hasbrouck/map.jpg+

            They just got their Feasibility Study done to feed their Heap Leach material to Mineral Ridge #mill, and are trying to permit the #exploration and mining of a few more shallow pits peppered all around their land package.

            There was a longer delay than expected getting those permits, and some uninformed funds decided to abandon ship, not understanding how prolific their land package still is and they have about a dozen more key targets for shallow pits that can continue to feed their project for years to come.

            In addition at their 2nd #mill GoldWedge they have had some interesting #Exploration work going on and currently are doing some #TollMilling to generate more income. This is one of the more undervalued #Gold #Producers I’m aware of and it is due for a large re-rating when all this fund liquidation insanity is over with.”

          • On November 23, 2017 at 10:26 am,
            Excelsior says:

            Here’s a different map showing Mineral Ridge and Goldwedge:

            http://www.scorpiogold.com/i/maps/mr/Location.jpg

          • On November 23, 2017 at 10:27 am,
            Excelsior says:

            I agree that SGN is a buy here, and Millions of shares were snapped up today, so we aren’t alone.

            Is our buddy Matthew snagging a few? 🙂