Company Updates From Management – Mon 6 Jul, 2020

Cartier Resources – Updating the drill program at the Chimo Property and some new information on work at the Benoist Project

Philippe Cloutier, President and CEO of Cartier Resources (TSX.V:ECR) kicks off this week by providing an update on the exploration program at the Chimo Property. We discuss the drilling that has been completed on the new target in the Central Gold Corridor that was discovered last year.

The Company is also starting exploration work at the Benoist Property. We haven’t focused on Benoist in past interviews so we discuss the history and initial exploration plans for the project.

If you have any follow up questions from Philippe please email me at Fleck@kereport.com.

Click here to visit the Cartier Resources website for more information.


Comments:
  1. On July 6, 2020 at 11:01 am,
    cfs says:
  2. On July 6, 2020 at 11:06 am,
    cfs says:

    2020-07-06 13:33 ET – News Release

    Mr. Cor Coe reports

    SITKA GOLD FURTHER EXPANDS RC GOLD PROJECT IN YUKON WITH ACQUISITION OF CLEAR CREEK GOLD PROPERTY

  3. On July 6, 2020 at 11:08 am,
    cfs says:

    2020-07-06 10:46 ET – News Release

    Mr. Robert Friedland reports

    KAKULA COPPER MINE UNDERGROUND DEVELOPMENT CONTINUES SIGNIFICANTLY AHEAD OF SCHEDULE; MORE THAN 17 KILOMETRES NOW COMPLETE AND 5.1 KILOMETRES AHEAD OF PLAN

    Ivanhoe Mines Ltd.’s underground development at the Kakula copper mine continues to exceed expectations with more than 17 kilometres now complete, which is 5.1 kilometres ahead of schedule. In June, the mining team achieved 1,729 metres of underground development — 575 metres ahead of plan for the month.

    Kakula’s 2,000-tonne-per-hour ore conveyor system began operations in June, which will further increase the mine’s pace of underground development.

  4. On July 6, 2020 at 12:13 pm,
    David says:

    Picked up some pop stars of the day today: Eloro, Grande Portage and Newrange. Another mixed bag day. Hopefully will pick up in last hour.

    • On July 6, 2020 at 3:29 pm,
      Excelsior says:

      I’ve trimmed back a number of winners that have really run the last few weeks and have more dry powder raised than I have in a while, but don’t want to chase stocks higher, but have been looking for 2-3 new positions. However, I’ve considered just waiting for pullbacks in my current positions and just increasing them over time for a larger concentration in those positions.

      Still there are so many explorers about to put out drill news, that I’ve considered peppering in a few more drill plays…. tis’ the season.

      • On July 6, 2020 at 3:45 pm,
        Excelsior says:

        I’ve been looking at Golden Triangle plays for the limited drill season that is in play at present, but most of the companies have already gone up 2-4 times already, and some are down right bloated in value already.

        Anyone have any good suggestions to research on drill plays that are cashed up, currently drilling, but haven’t released their results yet, (and their share price hasn’t already moved up into the stratosphere?)

        • On July 6, 2020 at 4:21 pm,
          David says:

          Ex:
          Looking at my stuff, these are awaiting drill results and yet to move: Aston Bay, Banyan sort of, Contact Gold, Japan Gold, McDonald has had some good results but hasn’t much, Millrock moved a little but pending, Group Ten has had some results but nothing much going on, Precipitate has a bunch of pump but still waiting for a drill hole, West Red Lake been some interest, Reyna some pump but no drilling yet, Sokoman has had results but no movement, and not a miner but Theralase waiting for Phase 2 human cancer test results but virus put on hold and overdue for annual meeting.

          • On July 6, 2020 at 4:29 pm,
            David says:

            A few that had good drill results, some run and waiting to see if duplicate: Azimut, Freegold and sort of GR Silver, Vizsla, Irving and Lion One and always the debate if Novo under or over rated.

          • On July 6, 2020 at 4:44 pm,
            David says:

            Got this asleep silver problem also: Brixton, Bayhorse, Metallic, Southern Silver, Silver Bull which could be local gov still, silver bear and Santacruz.

          • On July 6, 2020 at 7:54 pm,
            Excelsior says:

            Thanks for the response and ideas Dave. I have positions in Contact Gold, Group Ten, Vizsla, Lion One, Brixton, Bayhorse, Metallic, Southern Silver and Santacruz.

            I have looked at Japan Gold and Irving but am more dubious on Japan getting these into development and production. I should have invested in Irving when Bob M. gave the signal though. I’ve considered Silver Bull and Silver Bear, but am fairly stocked up on Silver stocks (however Reyna does catch my attention since Peter is involved). West Red Lake looks interesting and yeah, I forgot about Sokoman. It was all the rage in 2018 and early 2019. MacDonald is another I’ve looked at in the past but need to revisit. I believe it was one of Jordan Roy-Byrnes favorites. As for Banyan and Freegold they’ve just run too far too fast for me to jump in now. You’ve mentioned Azimut in the past and I really need to take time to go through their news releases, company presentation, and do a bit more homework on them.
            Thanks!!

          • On July 6, 2020 at 9:22 pm,
            David says:

            To clear it up: Japan had been out of the mining business for a long time and moving forward in all ways have to rebuild.

          • On July 6, 2020 at 9:25 pm,
            David says:

            My comment about Japan being out of the mining system won’t make sense unless the comment I was referring to gets posted. Evidently it is out for censorship.

  5. On July 6, 2020 at 4:55 pm,
    Wolfster says:

    Well GoldON is awaiting drill results…..and highgold has started drilling. Those are off the top of my head

    • On July 6, 2020 at 7:56 pm,
      Excelsior says:

      Thanks Wolfster. Nice follow up on our Goldon discussion from this weekend. Yes, I had a position in Highgold and and sold it when all the craziness hit and they had to quit drilling due to Covid 19, but I may just need to get a position staked in them again. Much appreciated!

      • On July 7, 2020 at 7:21 am,
        Excelsior says:

        Man – even those have really run higher. I looked at about 20 different drill plays and many are up 500% or even 700-800% off their March lows just in the last few months.

        So are there any cashed up drill plays, awaiting results, that have NOT already run higher?

        • On July 7, 2020 at 7:33 am,
          Excelsior says:

          There are so many advanced explorers with valuations that are already at nosebleed Market Caps (higher than most of the actual producers that have built mines and are pulling the ore out of the ground).

          I keep hearing from pundits that they are waiting for the Juniors to get moving, but the valuations I’m seeing are already getting really frothy and ahead of themselves in the explorers.

  6. On July 6, 2020 at 9:17 pm,
    David says:

    Ex:
    I sold Japan Gold once before because they never seem to drill a hole. The Japanese mining system evidently shut down in WWII or when Elvis died. One of those. Brent Cook and his partner were supportive of both Irving and Japan Gold. Major investors for both but evidently they have no mining worker types anymore like drillers or testing. Irving has some kind of flex situation where they don’t need analysts but just send it to another mining system that separated their product out. So With Irving on the slow road to possible success with Japan Gold maybe in the ballgame …I sold a very little of Irving to buy some Eloro because Quinton Hennigh told Bob Moriarty he ought to get some or regret it. So there you go.

    • On July 7, 2020 at 12:36 am,
      Excelsior says:

      +110 That’s a nice capital raise.

      “Argonaut intends to use the net proceeds of the Offering for the advancement of the Company’s Magino project”

      This project is going to be a game changer for Argonaut’s production profile.

      Proven and Probable Gold = 2,137,000 ounces
      +
      Measured and Indicated Gold = 4,197,000 ounces
      _________________________________________________

      Total Gold discovered thus far = 6,334.000 ounces

      • On July 7, 2020 at 12:45 am,
        Excelsior says:

        A few reactions over at ceo.ca:

        @Silver_Bug – “While 2.55 CAD may look like a bargain in the not too distant future (probably before the end of 2020), AR was trading at sub 80 cents (Canadian) in March 2020.”

        “I like the prudence and timing of the move, things are getting done fast in AR
        The ALIO merger and this capital raise are magnificent achievements in just a few months.”
        ______________________________________

        @Noguff – “I like the trajectory. We need an update on Magino with a projected production date. The current financing should address most of the remaining CAPEX. I expect we will pull back over the next couple of weeks to give some air to the shorts.”
        ____________________________________

        @SteveTo – “Great to see this actioned so quickly after close of merger. It was either going to be Magino or Ana… Magino is up first. I wonder what configuration they are going to go for??? Base Case 10k tpd OR 30k tpd. With 10K I think they will be able to build it without any more financing . With 30K they will need to draw some financing.”
        __________________________________

        @Luca21 – “Now that is a massive raise at a fair price, and a raise that may prove to be very important for the industry as a whole. If this bought deal financing closes fully subscribed, it will exemplify the ability for juniors to finally be able to raise great amounts to fund their development projects with money that is hunting for value. Not many $100M raises have been attempted by juniors for years.”

        • On July 7, 2020 at 7:47 am,
          Excelsior says:

          Argonaut’s Magino Annual production = 126,000 ounces; AISC $711

          That is going to be a long life mine for them at excellent costs, and it will make gold mine #4 now that the Alio takeover is complete.

          Argonaut’s market cap is still only $462 Million

          For reference there are are explorers & developers with 0 mines built with higher market caps. Either those companies are way overvalued, or more likely Argonaut is still way undervalued.

  7. On July 7, 2020 at 7:11 am,
    Excelsior says:

    (GGD) (GLGDF) GoGold Intersects 18.4m of 889 g/t Silver Equivalent including 3.2m of 4,335 g/t in Rascadero area of Los Ricos South

    by @newswire on 7 Jul 2020

    https://ceo.ca/@newswire/gogold-intersects-184m-of-889-gt-silver-equivalent

  8. On July 7, 2020 at 7:46 am,
    David says:

    Ex:
    Here is some “for what it is worth” info. I just got back on line and was thinking about miners to look at and pick up notes around my desk that I had Not followed up on. Sometimes I write miners down when they are mentioned and look at them later. Here is the list: Nulegacy, Galway, Golden Tag Resources, Enduro Metals, Musgrave Mines, Cabral Gold, Mistango River, Sitka, First Mexican, Pelangio Exploration (PGXPF) and Chesapeake Gold. That is all I know, but maybe something in that list.

    • On July 7, 2020 at 8:06 am,
      Excelsior says:

      Thanks David. Great list, and very much appreciated!

      I looked at Enduro yesterday but it shot from $.05 at March low to now $.32. It’s already a 6 bagger just in the last few months. Mistango River has been ripping as well, but I hold Orefinders who has a big strategic stake in them. (I did look at Gatling Exploration that surrounds Mistango’s much smaller land position, but apparently they have a large capital raise concern that has been hanging over their heads since late March, and they declined Robert Cudneys off to finance them at $.45 and add 1 board member, at higher prices than they’ve been at the last 4 months, so not sure I trust the management there).

      Nulegacy I looked at yesterday, along with Newrange Gold, and those are under consideration.

      Golden Tag was at $.03 at March lows and is now at $.15 in just those few months as a 5 bagger already. Cabral Gold was at $.075 and now is up to $.225 a 3 bagger already. Sitka Gold moved from $.05 to $.215 and is already a 4 bagger. First Mexican Gold went from $.06 to $.39 and is already a 6 bagger off the lows.
      I realize these crazy jr miners can run even further but jumping into a 3-6 bagger in just 4 months is much harder to jump on board than jumping in a more unloved explorer that hasn’t really started to move yet that has drilling news pending.

      Pelangio Exploration looks like it has it’s exploration season in front of it and may be a contender for higher prices if they execute. They’ve only doubled off the March lows so for these explorers that is still pretty low.

      Musgrave Minerals is one to consider, and those recent drill results: 85m @ 11.6 g/t starting 7m below surface, 3m @ 254 g/t starting 8m below surface, are quite impressive.

      Chesapeake Gold is a solid Developer and in the next snack bracket higher compared to the explorers, but it has already tripled off the March lows as well and is more properly valued at current levels.

      • On July 7, 2020 at 8:32 am,
        David says:

        Looks like I need to pay more attention to my notes in a timely fashion.

        • On July 7, 2020 at 9:22 am,
          Excelsior says:

          They were clearly all great picks as most a great multi-baggers. Can we invent a time machine so I can go back to the March lows and buy more of these explorers? (lol)

          I was buying the producers and developers with both hands during the March lows, but until digging through now dozens of exploration stories this week, I’m astonished how high some of these have run 3 baggers, 5-6 baggers, even a few 9-10 baggers.

          How can people keep saying the Juniors haven’t participated yet? They are leading the charge.

  9. On July 7, 2020 at 9:36 am,
    David says:

    Ex:,
    You have me looking more at Nulegacy and Musgrave. As I was looking at Musgrave, I saw some drill results on Erdene. I own some but had more at one time. They have been to Mif a couple of times but are in Mongolia. They have some Mongolian ownership as well as Teck. Plus insiders own a good share.
    Today I took some small profits and added to my Ely and Treasury. I picked up some Nulegacy as I am not sure which direction West Vault will go after the reverse split. Added Newrange yesterday, so now ready for a trip to Vegas to feel comfortable….except for virus. Almost forgot: added to Pure Gold as they seem to be picking up speed these days. Hard to get used to watching them. Used to just flip some because the same price used to be there when I looked back. Not anymore. Added a small amount to Anaconda. If they move that’s another about time Producer. Silver Grail has been sneaking around also. If Santacruz can do a little more, they can wipe out the $7.58!I am in the hole. Vizsla been steadily hanging in there. It and DSV building green.