San Gold holds over 20 million shares of SGX resources, acquired at .13 cents. San gold also holds 50% of the Timmins north properties with SXR the other 50%. This was the spin off of San Gold's properties into a separate Timmins exploration company. Seems the market has missed this move in SXR, and I think SGR should move up along with SXR.V? or am I missing something here.
Last trade on SXR is .50!
Monday, January 16, 2012
Thursday, January 5, 2012
Surprising news today from Wildcat!
Wildcat was drilling for nickel on the Burntwood property in Thompson Nickel Belt and found GOLD! Not a long intercept, but very high grade. 152.5 g/ton over 1 metre. This result was confirmed with a re-assay which graded 145.5 g/t gold and was further supported by the observation of native gold within a smoky-grey quartz vein and along the enveloping wall rock.
Wildcat Exploration Reports Drilling Assay Results from Burntwood Project in Thompson Nickel Belt, Manitoba
Wildcat Exploration Reports Drilling Assay Results from Burntwood Project in Thompson Nickel Belt, Manitoba
Wednesday, January 4, 2012
Monday, December 19, 2011
Some very old trading advice
Jack be nimble, Jack be quick, Jack jumped over the candlestick. ;))
In today's market it just doesn't make sense to buy and hold. My portfolio has taken a substantial hit these past couple of months, with the greatest drop in the last 2 weeks. Gold needs to hold $1600, and all signs point to $1440 on the downside if that level doesn't hold. As I write this, gold is at $1590.
In Canadian dollars, gold is at $1648 C$, which currently places Canadian miners in a sweet spot.
Choose your favourite miners and begin accumulating when those stocks settle down and it appears to be consolidating. The period leading up to Christmas and New Years is a quiet one with very low volume. Trade carefully, and invest wisely.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p52772616999
Until we get a clear signal for the upside, be like Jack, nimble, quick and buy higher when a stock begins uptrending.
Merry Christmas to everyone, and here's to a healthy, happy and prosperous New Year!
Cheers
In today's market it just doesn't make sense to buy and hold. My portfolio has taken a substantial hit these past couple of months, with the greatest drop in the last 2 weeks. Gold needs to hold $1600, and all signs point to $1440 on the downside if that level doesn't hold. As I write this, gold is at $1590.
In Canadian dollars, gold is at $1648 C$, which currently places Canadian miners in a sweet spot.
Choose your favourite miners and begin accumulating when those stocks settle down and it appears to be consolidating. The period leading up to Christmas and New Years is a quiet one with very low volume. Trade carefully, and invest wisely.
http://stockcharts.com/h-sc/ui?s=$GOLD&p=W&b=5&g=0&id=p52772616999
Until we get a clear signal for the upside, be like Jack, nimble, quick and buy higher when a stock begins uptrending.
Merry Christmas to everyone, and here's to a healthy, happy and prosperous New Year!
Cheers
Friday, November 25, 2011
Monday, October 10, 2011
Thursday, October 6, 2011
Claude Resources
Claude Resources (CRJ.T CGR on Amex) has been in operation since 1991. Their Seabee mine located in northeastern is in production, and they have discovered a new deposit called the Santoy 8. That deposit reached commmercial production in Q1 of 2011.
In addition to the producing mine in Saskatchewan they have also discovered a new gold project called the Amisk deposit located 20 kilometres southwest of Flin Flon, Manitoba. Claude owns 65 percent and St. Eurgene mining 35 percent, with Claude being the operator of the discovery.
They've been producing gold for 19 years and have an experienced management team. This, however isn't the main reason I am invested in Claude Resources.
Claude also holds 10,000 acres in the Red Lake gold Camp, called the Madsen mine.,
Now for some history! When the gold rush was on in the Red Lake district there were 3 original mines, the Campbell mine, the Dickenson mine and the Madsen mine.
The Campbell mine produced the most gold and the mine was bought out by Placer Dome, which was then bought out by Barrick. So the Campbell mine is now Barrick Gold.
The Dickenson mine was bought out by Goldcorp, and if you recall they didn't find the deep gold until Rob McEwen held the Goldcorp challenge and the rich, deep gold was discovered.
The 3rd mine was the Madsen mine which is 100% owned by Claude Resources. They have been in the process of dewatering the old shaft and carrying out some extensive drilling. The 10,000 acre property contains a 500 ton per day mill, a functioning 4,125 foot timbered shaft and a tailings management facility. All existing infrastructure is fully permitted.
The Madsen Mine has a rich history. From 1938 until the mine’s closure in 1976, gold production exceeded 2.4 million ounces at an average grade of 0.28 oz/t (9.02 g/t). Historic production exceeded 100,000 oz/year and was derived from both the ‘Tuff’ and ‘8 Zone’ Trends.
So there you have it. Management has been successful in operating the Seabee mine for over 19 years, even with low gold prices. They have a steady stream of income with which to develop the Madsen and Amisk deposits. I believe there's still a rich deposit of gold, yet to be found on the Madsen claims.
As always, please visit the Claude Resources website and do your own diligence
http://www.clauderesources.com/index.cfm
In addition to the producing mine in Saskatchewan they have also discovered a new gold project called the Amisk deposit located 20 kilometres southwest of Flin Flon, Manitoba. Claude owns 65 percent and St. Eurgene mining 35 percent, with Claude being the operator of the discovery.
They've been producing gold for 19 years and have an experienced management team. This, however isn't the main reason I am invested in Claude Resources.
Claude also holds 10,000 acres in the Red Lake gold Camp, called the Madsen mine.,
Now for some history! When the gold rush was on in the Red Lake district there were 3 original mines, the Campbell mine, the Dickenson mine and the Madsen mine.
The Campbell mine produced the most gold and the mine was bought out by Placer Dome, which was then bought out by Barrick. So the Campbell mine is now Barrick Gold.
The Dickenson mine was bought out by Goldcorp, and if you recall they didn't find the deep gold until Rob McEwen held the Goldcorp challenge and the rich, deep gold was discovered.
The 3rd mine was the Madsen mine which is 100% owned by Claude Resources. They have been in the process of dewatering the old shaft and carrying out some extensive drilling. The 10,000 acre property contains a 500 ton per day mill, a functioning 4,125 foot timbered shaft and a tailings management facility. All existing infrastructure is fully permitted.
The Madsen Mine has a rich history. From 1938 until the mine’s closure in 1976, gold production exceeded 2.4 million ounces at an average grade of 0.28 oz/t (9.02 g/t). Historic production exceeded 100,000 oz/year and was derived from both the ‘Tuff’ and ‘8 Zone’ Trends.
So there you have it. Management has been successful in operating the Seabee mine for over 19 years, even with low gold prices. They have a steady stream of income with which to develop the Madsen and Amisk deposits. I believe there's still a rich deposit of gold, yet to be found on the Madsen claims.
As always, please visit the Claude Resources website and do your own diligence
http://www.clauderesources.com/index.cfm
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