Exclusive KE Report Commentary – Thu 26 Nov, 2020

Insights from an exploration geologist – How to analyze lower grade drill results

Steve Todoruk, Investment Executive and Geologist at Sprott Global Investments joins me to share how he analyses drill results that are generally lower grade. We discuss minimum grades he wants to see when it comes to a new discovery and how certain grades result in more takeovers. We also chat about companies that release visual results before assays are received.

If there are any exploration and discovery focused topics you want Steve and I to discuss (regulations restrict us from discussing any current companies) please email me at Fleck@kereport.com.

Steve is offering again to take a look and discuss any companies in your portfolio. Please email Steve directly at STodoruk@sprottglobal.com or myself.

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Comments:
  1. On November 26, 2020 at 11:07 am,
    cfs says:
  2. On November 26, 2020 at 11:25 am,
    cfs says:

    GENESIS METALS DRILLS 13.03 G/T GOLD OVER 10.74 METRES AT MAIN ZONE IN PHASE II DRILLING AT CHEVRIER GOLD PROJECT, QUEBEC
    Genesis Metals Corp. has released assay results from the first 10 holes (1,779 metres) drilled as part of its recently completed 2020 phase 2 (24 holes, 6,208 metres) diamond drilling program. The Chevrier gold project is located in the eastern Abitibi greenstone belt of central Quebec

  3. On November 26, 2020 at 11:30 am,
    cfs says:

    Talisker Intersects 995 g/t Gold Over 0.5 Metres within 227.55 g/t Gold Over 2.25 Metres at the Bralorne Gold Project
    2020-11-26 07:05 ET – News Release
    TORONTO, ON / ACCESSWIRE / November 26, 2020 / Talisker Resources Ltd. (“Talisker” or the “Company”) (TSX:TSK) (OTCQX:TSKFF) is pleased to announce assay results from holes SB-2020-010, SB-2020-017A, SB-2020-107AW1, SB-2020-018 and SB-2020-019 from its ongoing drill program at the Bralorne Gold Project in British Columbia.

  4. On November 26, 2020 at 11:38 am,
    cfs says:

    SOURCE: Nighthawk Gold Corp
    Nighthawk-Intersects-141.80-Metres-of-2.11-Gpt-Au-Including-31.05-Metres-of-4.06-Gpt-Au.
    NW Territories.

  5. On November 26, 2020 at 1:15 pm,
    Dan Schaffer says:

    Really appreciate these kinds of presentations. Could you have a session with Steve discussing the importance of metallurgy, which is often overlooked with Jr. discovery and development plays?

  6. On November 26, 2020 at 3:31 pm,
    b says:

    Dent is still saying $1000 gold.

    • On November 26, 2020 at 3:46 pm,
      irishtony says:

      b….Sounds like he has a Dent in his head..

    • On November 27, 2020 at 2:05 pm,
      OOTB Jerry says:

      Ding Dong Dent…..lol

  7. On November 26, 2020 at 7:57 pm,
    bonzo says:

    Pierre Lassonde knows far more about gold than Dent and he says gold and DJIA will sell at the same price again as they did in 1980.

    • On November 27, 2020 at 2:07 pm,
      OOTB Jerry says:

      Pierre had a nice interview with the OLD KITCO GAL……

  8. On November 27, 2020 at 5:39 am,
    David says:

    Same fabricated smash opening in the PMs by the unprosecuted felons in NYC.. Deja Vu going into month 5 of 2020. Maybe everyone can find a Black Friday deal sponsored by our Corporate Masters. Other than that it appears to be a good day.

  9. On November 27, 2020 at 6:54 am,
    Dick Tracy says:

    Gold just hit Glen’s call of $1781, if it holds I think he should change his name to Glen Gold. The next question is will it hold? LOL! DT

    • On November 27, 2020 at 6:57 am,
      Matthew says:

      It actually hit 1770 which I believe was Larry’s number.

      • On November 27, 2020 at 6:59 am,
        CaliJoe says:

        I bought more AEM, GOLD in the morning. At some point, senior miners will disconnect with gold smash down.. today seem like a good day.

        • On November 27, 2020 at 7:08 am,
          Matthew says:

          Even SIL is down less than one-third as much as silver right now.

      • On November 27, 2020 at 7:24 am,
        Dick Tracy says:

        Today’s range for gold, is $17.74.40-1813.88, pretty close call and it is now hovering around $1781. DT

        • On November 27, 2020 at 9:33 am,
          Glenfidish says:

          Yes spot gold hit $1774 vs futures 1770. Not sure who Larry is 🤷‍♂️. What I do know is non the less was a great call 😉. Cmon Matt a little love goes along way lol 😝
          Going to borrow your motor bike and do some wheelies

          Cheers pal

          • On November 27, 2020 at 9:47 am,
            Matthew says:

            Glen your call was great but how do you not know who Larry is? He has posted an a lot around here lately, albeit mostly on the political side. He nailed GDX as well from what I recall.

            Are you still betting on lower IPT?

            On November 24, 2020 at 6:32 pm,
            Glenfidish says:
            Friendly bet my Sensai?

            Impact will break down from this consolidation. If not the strength is going to propel this bad boy to higher levels like we both discussed in private.
            I’m still expecting a date with lower levels first.

          • On November 27, 2020 at 11:15 am,
            Glenfidish says:

            Matt
            I’m sorry I don’t post or watch to much of the political side of things. I may have seen a Larry once or twice before but if I don’t recollect it’s because he did not come under the radar sorry.

            Regarding impact I will reserve comment.

            Either way I’m loaded!

    • On November 27, 2020 at 9:28 am,
      Glenfidish says:

      DT 😆

      I might just adopt that name!

      Thanks pal. And to answer your own question. I believe the bottom is in.

      Cheers

      Glen

      • On November 27, 2020 at 9:39 am,
        Dick Tracy says:

        Glen, or GG for short, nice call man. DT

    • On November 27, 2020 at 2:08 pm,
      OOTB Jerry says:

      Good on DT….ha,……GlenGold…….

      • On November 27, 2020 at 5:43 pm,
        OOTB Jerry says:

        on to one….

        • On November 27, 2020 at 6:24 pm,
          Canuckski says:

          I kinda prefer Golden Glennie

  10. On November 27, 2020 at 7:49 am,
    Matthew says:

    That’s spot gold. The December futures contract hit 1770.65
    You can tell that 1781 has some technical significance by the way it has put up some resistance for the last hour. Dec gold is still not above it (1780.50 at the moment)

    • On November 27, 2020 at 7:52 am,
      Dick Tracy says:

      Thanks for the clarification Matt. DT

      • On November 27, 2020 at 8:00 am,
        Matthew says:

        It’s now 90 minutes past the open and Dec gold is 1779. When we get above 1781, I wouldn’t be surprised if we see the shorts start to run for cover.

        • On November 27, 2020 at 8:07 am,
          Dick Tracy says:

          Speaking of shorts running for cover, Glen is probably so happy he’s chasing his secretary around her desk, that’s my sense of humor coming out again. LOL! DT

          • On November 27, 2020 at 8:39 am,
            Matthew says:

            😳😁

  11. On November 27, 2020 at 9:31 am,
    Matthew says:

    Two very different forks both show why the 13.60 area is a big deal for SILJ:
    https://stockcharts.com/h-sc/ui?s=SILJ&p=D&yr=1&mn=3&dy=0&id=p15132980205&a=844957070

    • On November 27, 2020 at 9:36 am,
      Matthew says:

      This weekly chart shows two more reasons: fork + the 30 week MA (Weinstein’s stage analysis)…
      https://stockcharts.com/h-sc/ui?s=SILJ&p=W&yr=3&mn=11&dy=0&id=p88647837386&a=825166524

    • On November 27, 2020 at 9:40 am,
      Glenfidish says:

      DT, Matt,

      I have not smoked a cigar in sometime. Today calls for montecristo and scotch!
      Menu

      Ribeye 32 days aged
      Mash
      Cakebread Cabernet sauvignon

      • On November 27, 2020 at 9:51 am,
        Matthew says:

        That’s funny, I have Wagyu ribeye on the down days to make myself feel better. My supply is getting low! 😉

      • On November 27, 2020 at 9:59 am,
        Dick Tracy says:

        Glen, last night I drank too much Sapporo beer, today I’m covered in cob webs, this is the time of year to celebrate, enjoy yourself. DT

      • On November 27, 2020 at 2:00 pm,
        OOTB Jerry says:

        Glen……….you need to upgrade your Cab selection……. 🙂

        • On November 27, 2020 at 2:01 pm,
          OOTB Jerry says:

          GLEN……..you TAGGED the Number $1781…….congrads……..

        • On November 27, 2020 at 5:15 pm,
          OOTB Jerry says:

          Sorry Glen…..I miss read you cab selection……that wine looks GREAT……
          I thought you posted cupcake….lol….

          • On November 27, 2020 at 5:17 pm,
            OOTB Jerry says:

            you to your…..

  12. On November 27, 2020 at 11:12 am,
    Glenfidish says:

    For those who missed this post early morning. It was also mentions a week back.

    For the knew who done see what’s happening here.. The head of the inverse head and shoulders formation is completed or just about. This move up will be explosive!

    Bottom is in as mentioned before

    • On November 27, 2020 at 11:18 am,
      Glenfidish says:

      Haha good one Matt! Wagyu everyday of the week 😆

      Wow DT my favourite beer Sapporo! Whites were going to have to have a boys outing when this corona finally goes away. I heard Matt has the bikes shhhh😆🤷‍♂️😝maybe Jerry can lead the way.. did he forget his alarm clock lol

      • On November 27, 2020 at 2:03 pm,
        OOTB Jerry says:

        Glen………..I have been running the info war on the rigged election…. 🙂
        You da man……congrads…….hell, you are better than the “ROCK CLIMBER”

        • On November 27, 2020 at 5:52 pm,
          Glenfidish says:

          Hahaha

          God dam you are número 1

          Jerry 🍾💃

          • On November 27, 2020 at 6:18 pm,
            OOTB Jerry says:

            Thanks… 🙂

    • On November 27, 2020 at 11:26 am,
      CaliJoe says:

      Glen,
      I hope you’re right but I don’t trust these bankers. I did do some buying in the morning but keeping 40 percent of the capital for next week. The reason I say this because stocks are breaking out across the board, hedgies and retail investors are busy chasing biotechs and small caps. I won’t surprised if miners form a U shaped bottom as opposed to explosive V rebound. I will do some heavy buying if next week goes down even more.

  13. On November 27, 2020 at 12:45 pm,
    Glenfidish says:

    Hi Cami,

    I’m going with my call that goes way back detail per detail.. It hit my long term target and that’s speaks for itself. The miners have pretty much bottomed. We are in a bull. You can try and catch a few percentages more if it even comes but you can also be left behind quickly. To each there own. Best of luck

    I also have a final tranche if needed but it feels like bottom is in. I can live with my call lol.

    Cheers

    Glen

    • On November 27, 2020 at 1:35 pm,
      Charles says:

      Nice call Glen! Still waiting for Matthews response to your question on Impact! Enjoy the steak!

      • On November 27, 2020 at 6:05 pm,
        Glenfidish says:

        Charles,

        You are without a doubt one who challenges us and I love it! I have Matt an answer which her probably is baffled at. So I will elaborate because you asked. I gotta tell you sometimes I don’t know with that Matt.. lol.. don’t know if he is challenging me or really trying to get my perspective. You and I both know the respect I have for him. Let’s make this clear. I’ve have been successful this year and the best year I have ever had because Matt has shown me a few things. Now I challenge Matt lol.. It’s friendly. But I tell you, if you get a guy like him, Jerry, dt myself. Ex, and a few more, you are a winner.

        Charles to answer your question I did not give a response because Matt left me thinkkng. I don’t think I have ever seen a stock leave me scraping my head. So I will answer to the. Eat if my ability.

        My second most favourite stock is impact! My first let’s see if anyone knows beside Matt lol? Matt don’t answer.

        Im not as loaded as Matt o impact wish I was but I added. It is showing shear strength. Relentless and not going down. Does not mean it can’t go! I never rule that out.. I have a tranche if it does my number is .59-.68..

        If it doesn’t guys impact is flying easily $3.00 plus on this move. Matt will show his charts..
        It is showing super strength.

        Glen

        • On November 27, 2020 at 6:39 pm,
          Charles says:

          Thanks Glen. I agree Matt is the best technician I know and he has schooled me on a thing or two! As for Impact, I have been waiting for it to drop down, but to me today was a giant tell as it went up and appears to be making a higher low. Next week should be the confirmation. Monday should be interesting!

        • On November 28, 2020 at 2:12 pm,
          Matthew says:

          Guys, my concern is silver. Has it been leading gold all this time by bottoming way back in September or lagging it by refusing to shed bullishness… until now. That latter IS possible but the silver miners could still perform relatively well if the final low for silver is a short time away (even if not a short price distance away). Riskier items (miners, in this case) have a way of leading safer ones (metals).
          Monday’s action could provide good clues about what to expect since the miners performed much better than the metals on Friday despite silver’s apparent breakdown. It took out its 10/29 low but closed one cent above it so maybe we’ve got a bear trap being set. In addition, if gold has bottomed, you can be pretty confident that silver has too.

          Glen, yes, all that IPT strength we’ve seen could quickly turn into weakness and possibly disproportionately so since all the buying that took place above .90 could turn into panicked selling. I doubt such drama but do think it could hit about .84 again if silver falls further.
          https://stockcharts.com/h-sc/ui?s=%24SILVER&p=D&yr=1&mn=6&dy=0&id=p71618210691&a=847129088

          • On November 28, 2020 at 5:34 pm,
            Charles says:

            Thanks Matt. Good thoughts.

          • On November 28, 2020 at 8:27 pm,
            Glenfidish says:

            Matt,

            I’ve looked at every angel that I could from my end, and then looked at your charts. My conclusion is first line of defence “ if” the bottom is not already in is that 21 and change area of resistance. Looks like a really good bet.. The sand in the line to me Would be the 19 and change area in your chart greater resistance level. The latter seems possible but we wait and see. From a monthly chart perspective, I personally don’t expect impact to breach the 10 day moving average anymore once we head up. It will tag it but 99% sure it won’t breach it on the run to much higher targets.

            Thanks again

          • On November 28, 2020 at 8:30 pm,
            Glenfidish says:

            Guys,

            Forgive my constant grammar syndrome as well as punctuation errors.. thanks for being understanding. 85 percent of the time in posting via iPhone lol.. not that it’s an excuse.

          • On November 30, 2020 at 5:41 am,
            OOTB Jerry says:

            Glen……….I told Irish, do not worry about the spelling….Just tell everyone it is Old English.. 🙂

  14. On November 27, 2020 at 12:58 pm,
    JF says:

    Excellent! For more on learning how to invest in mining stocks check out the e-book Mining Stocks Investor Guide at http://www.miningstocksguide.com

    • On November 27, 2020 at 5:57 pm,
      Glenfidish says:

      Thanks but no thanks!

      You have any idea what site you are on? The heavyweights of gold/mining/political agenda..

      Basically the best if the best!

  15. On November 27, 2020 at 4:54 pm,
    OOTB Jerry says:

    Glen I am sending these to you as a present for you spot on target price of gold at $1781. s
    https://silveroak.com/shop/p/2005-2007-2009-alexander-valley-napa-valley-library-selection/
    I will be sending the bottles collect, so, you can forward the bill to Matt. and Company..
    enjoy…. 🙂

      • On November 27, 2020 at 5:17 pm,
        OOTB Jerry says:

        See my …..correction above , concerning your wine selection…….cupcake to cakebread….lol….. I have been working overtime…. 🙂

        • On November 27, 2020 at 5:20 pm,
          OOTB Jerry says:

          Since you will be making so much money, ….Why don’t you just treat all your fans, to a case of the finest……. 🙂

          • On November 28, 2020 at 8:35 pm,
            Glenfidish says:

            Jerry,

            Inflation is killing me with the cakebread! Use to get it god $99 bucks special occasions, wife loves it. Now is $120 if you can find it lol..

            My hope is that we all make a killing on this gold bull run. Someday we hope that the Jesus Christ table is long enough and we can all sit down “those” interested and enjoy the finest of the finest amongs friends. I vote al for the head of table he’s been kind and we owe him for the opportunity to pay here ones opinions and even when very strong al most often then none let’s it go.. 😉

            I say we get him tipsy lol.

            Cheers my friend

          • On November 29, 2020 at 1:50 pm,
            OOTB Jerry says:

            Glen……
            We all deserve to make a killing on the PM section…….we have all put our time in,….
            I figure,….I have grossed $1.50 per hour so far…lol….
            When the Good LORD, brings us home…..I hope we are all there….

        • On November 28, 2020 at 11:50 am,
          Big Al says:

          I have found Cupcake to not be drinkable. I have cut way back, by the waw, I am now devloping a habit of two Glenlivid “neats” per day.Bush senior tought me that with his habit of two martinis a day before dinner. I will say that I now feel a hell of a lot better.

          I am also thinking about investing in a local rehab program that seems to be very effective in managing drinking as opposed to terminating drinking. We will see. I am going to give it 60 days.

          • On November 28, 2020 at 8:39 pm,
            Glenfidish says:

            Al not sure if your being sarcastic or real lol.. non the less it’s cakebread not cakecup. That Jerry I tell ya lol. Martin wow that goes way back. Classic drink. I’m obviously much younger but I do enjoy a classic coñac or scotch as mentioned. Glenlivet is great!

            Thanks al!

          • On November 29, 2020 at 11:15 am,
            Big Al says:

            I must have misread. I did buy a bottle of cupcake wine once and it was not fit to drink.

  16. On November 27, 2020 at 5:50 pm,
    Glenfidish says:

    Jerry I don’t know quite yet what to nick name you! I do like Jerry. But you are a pillar here and I respect you like Matt, dt, ex or shad and many more guys sorry if I did not name you.

    But keep it going and we need more of you. For the new folks who don’t know Jerry.Intelligent man, experienced man, been there and done that. He truly takes the time to acknowledge everyone’s post. I don’t think I’ve ever had a online relationship like this lol with great people that I have not met personally.

    Jerry it’s a big shout to you today!

    • On November 27, 2020 at 6:16 pm,
      OOTB Jerry says:

      Dang…..I am very humbled by your comment……and I truly appreciate the comment,
      You are the one that deserves the AWARD OF THE WEEK…..Your CALL on Gold was spectacular …..no question about it…..Great Job….And you keep posting , when you can…..Thanks again for even being here, means more than you know……Thank Best, OOTB

      • On November 28, 2020 at 8:41 pm,
        Glenfidish says:

        Anytime Jerry,

        You have my respect and I got your back!

        Thanks again Pal…

        • On November 29, 2020 at 1:45 pm,
          OOTB Jerry says:

          Thanks again…..and the feeling is mutual…..and I will continue to have your back…. 🙂

  17. On November 27, 2020 at 10:15 pm,
    CEO of nuthin says:

    A ray of hope for anyone still short Gold (not me).

    “A consolidation of the enormous rally could see gold pull back to the key weekly chart high at $1788, or even to the low at $1671.” ~Stewart Thomson Sep 8,2020

    http://www.321gold.com/editorials/thomson_s/thomson_s_090820.html

    • On November 28, 2020 at 1:49 am,
      OOTB Jerry says:

      A consolidation of the enormous rally could see gold pull back to the key weekly chart high at $1788, or even to the low at $1671.

      From there, gold should rise above the $2000 marker in a more permanent way.

      • On November 28, 2020 at 1:53 am,
        OOTB Jerry says:

        Whether it is government, central banks, or health organizations, what they all have in common is a refusal to make saving money a cornerstone of crisis preparation.

        This is one of the many reasons why gold will never stop rising against fiat over time.

  18. On November 28, 2020 at 4:26 am,
    CEO of nuthin says:

    Thanks OOTB

    As long as price of Gold stays in a range where the better miners and exploration companies can profit, I’m happy.

    Most of the Industrial Sector is cooking (suppliers, vehicles, railroad, machinery).
    Select One Year: https://stockcharts.com/freecharts/sectorsummary.html?&G=SECTOR_XLI&O=1

    • On November 28, 2020 at 6:58 am,
      OOTB Jerry says:

      You are welcome…..