THE PIGS GOING TO MIX THINGS UP A BIT THIS WEEKEND. RATHER THAN GOING WITH THE USUAL. THE PIG WILL TAKE A LOOK AT A FEW READERS TIPS, SOME LONG TERMERS, AND SOME SPEC PLAYS. HAVE A GREAT WEEKEND.
AS ALWAYS BE AWARE !!...................
ENA.V...THE PIGS MORE OF A NATURAL RESOURCES GUY THAN A TECH GUY, BUT A READER BROUGHT THIS TO HIS ATTENTION BACK IN JANUARY. STILL A STRONG HOLDING IN THE PIGS OPINION. GREAT MANAGEMENT AND PRODUCT LINE, AND EVER EXPANDING SALES OF THAT PRODUCT LINE, MAKE IT A GOOD SOLID LONG TERM HOLD.
KBR.T...NOT MUCH ON THIS ONE, A READER PASSED IT ON AS HOT TIP. NOT ONE TO TURN DOWN INFORMATION THE PIG HAS IT HERE FOR YOUR PERSONAL PERUSAL. THE CHART TELLS THE PIG A STORY OF DECLINING FORTUNES SO MAYBE A REVERSAL IS ON THE HORIZON.
FAU.V....ALASKAN GOLD IN THE FOLD. RESTART OF A FORMER EXISTING MINE HAS THIS PIGLET PERCOLATING POSITIVELY.....THE WORD ON THE STREET IS THAT GRADES AND RESERVES ARE ABOUT TO GO "UP" IN A BIG WAY. FRIDAYS SPIKE TELLS THE PIG THAT $1 MARK IS NOT FAR AWAY. THE PIGS TORONTO CONTACTS TELL HIM THAT THIS COULD BE A $3 BY SEPTEMBER ONCE ALL THE RESULTS ARE IN AND QUANTIFIED.
CXT.V....BIG RUMOURS BEHIND THIS READERS TIP. APPARENTLY SOME SPECTACULAR GRADES THAT ARE GOING TO BE ANNOUNCED. THE CHART SHOWS SOME DECENT NET CAPITAL INFLOW AND LIQUIDITY.......THE PIG FIGURES THERE'S LIFE IN THE OLD SHOE YET ESPECIALLY IF THE RUMOURS ARE TRUE.
MTB.V....WIDOWS AND ORPHANS AND TRADING ENDORPHINS. A SOLID, WELL MANAGED PLAY BASED IN NORTH WESTERN BC'S STEWART AREA. THE PIG SAYS THIS IS A NICE STOCK TO BUY AT AND TUCK AWAY FOR THE DURATION OF THE SUMMER SEASON. OR LONGER IF YOU LIKE. STEWART IS ABOUT TO BECOME A WORLD CLASS GOLD ,CAMP AND MTB ARE WELL POSITIONED TO PARTAKE.
WOF.V....KOREAN TUNGSTEN AND GOLD PLAY WITH GREAT MANAGEMENT AND NEAR PREVIOUS PRODUCING PROPERTIES THAT THE COMPANY IS WORKING TO BRING BACK ON LINE. STORY GOES THAT THERE ARE SEVERAL LARGE ANNOUNCEMENTS TO COME OUT SHORTLY. THAT COULD DOUBLE THE PRICE FROM THESE LEVELS.
THE PIGS HONORABLE MENTIONS.........
(THROW EM ON YOUR WATCH LIST)
CHV-H.VN
SXN.VN
CXP.VN
AAG.VN
GEL.VN
Mining News: Junior traces evidence of new gold camp
Kaminak Gold reports new discoveries near White Gold Project, mounts aggressive hunt for more mineralization at Coffee ProjectRose Ragsdale
For Mining News
Evidence is mounting to support Kaminak Gold Corp.’s suspicion that its Coffee Project located in the White District of Yukon Territory is part of an emerging gold district with sizable gold deposits scattered over the wooded region.Kaminak reported assay results May 26 from the first two holes drilled this spring that “confirms the potential of the Coffee property to host large gold deposits,” according to Kaminak President and CEO, Rob Carpenter.
The holes, drilled in the Supremo zone, returned indications of significant gold mineralization, and ongoing drilling since has yielded assays showing additional signs of gold.
Hole CFD-001 intersected 17.07 grams per metric gold over 15.5 meters from 15 meters core depth and hole CFD-002 ended in mineralization and yielded five significant gold-bearing intersections. They included 3.95 g/t gold over 11.95 meters (starting at 18.7 meters); 4.89 g/t gold over 5 meters (starting at 72 meters); 2.11 g/t gold over 14.0 meters (starting at 124 meters); 4.31 g/t gold over 2.75 meters (starting at 145.25 meters); and 2.96 g/t gold over 4.1 meters (starting at 169.65 meters to end of hole).
Drill holes 1 and 2 were drilled to the east from the same setup and were designed to test the depth extent of high-grade gold-in-rock results obtained by Kaminak in 2009 along the Trench 3 (T3) trend. Hole CFD-001 was drilled at a minus-50 degree angle and hole CFD-002 was drilled at a minus-70 degree angle. Both holes intersected extensively oxidized, limonitic, clay- and silica-altered augen gneiss host rocks displaying complex multi-phase hydrothermal breccia (fragmental) textures in addition to quartz vein stockworks, minor pyrite and rare arsenopyrite.
Hole CFD-001 intercepted a single, thick interval of gold, hosted primarily in silicified breccia units and minor nonbrecciated silica-altered gneiss. Hole CFD-002, however, ended in mineralization and intersected several zones over a greater length than the hole CFD-001 intercept. Unlike the single, wide gold-bearing hydrothermal breccia zone in hole CFD-001, mineralization in hole CFD-002 is mainly hosted in broad zones of quartz veining and silica-flooding with restricted breccia zones. The mineralized intervals from hole CFD-002 were calculated using a 1g/t gold grade envelope. They are separated by weakly anomalous intervals. If these intervening low-grade segments are included in the grade/interval calculations, then the hole CFD-002 intercept also can be considered to grade 1.26 g/t gold over 60.32 meters (starting 18 meters from the surface) with a second zone of 1.15 g/t gold over 51.32 meters (starting at a depth of 122.43 meters).
Similar to White Gold deposits
The Supremo zone is located about 20 kilometers, or 12.4 miles, to the south of White Gold’s Golden Saddle deposit. Carpenter told mining analysts, investors and reporters in a teleconference May 27 that the Coffee Project appears to host rocks and trace element signatures similar to those found in the Golden Saddle deposit at Underworld Resources Inc.’s White Gold Project. (Kinross Gold Corp. recently purchased Underworld.)
A little over a year ago, Kaminak optioned the claims where the Coffee Project is located from Dawson City-based Ryanwood Exploration Inc., after owner Shawn Ryan identified several gold anomalies on the property. Ryan also optioned the White Gold claims to Underwood Resources in 2007.
Ryan has said he believes the Coffee claims could host as much or even more gold than the White Gold Project.
Gold in the cores of the two drill holes at Supremo also appear to be uniformly distributed with no visible gold, much like the mineralization in the Golden Saddle deposit, Carpenter said.
“We only have the results of two holes, so it’s early days. But if gold districts occur, they occur in more than one camp,” he observed.
Just under two weeks later, Kaminak reported encouraging drill results from the first holes completed this season at the Latte zone located about 1 kilometer south of the Supremo zone.
Positive assays from Latte
Latte and Supremo are hosted in separate structural corridors and are both open along trend and to depth. Kaminak said it drilled seven holes at the Latte zone over a 400-meter length. Highlights of assays from two of the holes include: CFD-006, which intersected 1.08 g/t gold over 83.93 meters (from 28.07 meters core depth); and CFD-007, which intersected 1.12 g/t gold over 55 meters (from 33 meters core length) and a second zone of 1.24 g/t gold over 8 meters (from 101 meters core length).
“Latte represents our second major gold discovery on the Coffee property this spring and confirms that our exploration strategy of drilling underneath high quality gold-in-soil anomalies is working,” Carpenter said in a June 7 statement. “Moreover, the Coffee property is host to at least eight such soil trends, and we will continue to methodically drill test each of these targets as well as expand the Supremo and Latte zones along trend and at depth.”
A few days later, Kaminak reported assay results from step-out holes drilled on the discovered Latte and Supremo zones. Highlights of these results include Latte step-out hole CFD-008, which intercepted 51 meters grading 1.32 grams per metric gold starting at 7 meters core depth. It extends strike length of strongly oxidized mineralization at Latte for an additional 100 meters to the east. At the Supremo zone, step-out holes extended the strike length of oxidized mineralization for an additional 50 meters to the north with hole CFD-003, which intersected 3.26 g/t gold over 17.35 meters starting at 37 meters core depth and hole CFD-004, yielding 2.47 g/t gold over 20 meters starting at 50 meters core depth.
Drilling is ongoing with samples being processed at the assay laboratory from step-out holes 50 meters to the north at Supremo and initial holes in the Latte zone located 1 kilometer, or five-eighths of 1 mile, south of Supremo. Carpenter said 150 meters of trenching to the south of holes CFD-001 and CFD-002 also came back with more than 2 g/t gold.
“We believe these are very significant results, he said.
More targets to explore
The Supremo and Latte zones are two of eight very large gold anomalies that Kaminak has targeted on the 43-kilometer-, or 27-mile-, long Coffee property. The claims also host peripheral anomalies that have high potential for other gold discoveries, Carpenter said. Kaminak’s drill strategy will continue to focus on discovering near-surface gold mineralization and extending the strike length of high-grade and shallow gold mineralization.
“These first holes show intense alteration and mineralization over wide intervals indicative of a large gold-rich hydrothermal system,” he said.
New geological mapping and trenching completed at Supremo in 2010 indicate that mineralization at Trench 3 is hosted in a north-south trending linear structure/alteration zone that extends for at least 200 meters and is open in both directions along trend, as well as to depth. Measurements from oriented core from both holes No. 1 and No. 2 also indicate that gneissic banding is shallowly dipping to the west and that mineralized veins occur at high angle to the gneissic fabric, suggesting “near-vertical” dipping gold zones.
Kaminak said more drilling on this section will be required in order to correlate rock units and mineralized zones from hole No. 1 and No. 2 and also to determine the true width of these zones.
Part of Kaminak’s confidence in the assay results stems from the nature of the region’s geology. “This part of the world has never been glaciated, which means soil samples are very representative of the bedrock below,” Carpenter said. “And despite the discoveries, this is still a very underexplored part of the world.”
He also noted that soil samples have been taken from only about 7 percent of the entire Coffee Project.
Drilling, meanwhile, is ongoing on the Coffee claims, including more holes at the Supremo and Latte zones and additional cores from the Double Double. More assay results are pending.
After 25 years, one B.C. business’ clean technology is in the spotlight
Thomas Hellmann
Globe and Mail Update Published on Friday, Jul. 16, 2010 6:00AM EDT Last updated on Friday, Jul. 16, 2010 11:27AM EDT
Modern economies rely on entrepreneurs to bring innovations into the marketplace. Many innovations are only modest improvements, but a small number of entrepreneurs pursue “radical” innovations that fundamentally change industries. What does it take to be a radical innovator? The standard answers are a superior technology, and a strong management team, but here is a new one: patience!
Westport Innovations, based in Vancouver, B.C., is a radical innovator with the not-so-modest ambition of replacing standard diesel engines with engines powered by natural gas. Founded in 1996, the company only began to experience commercial success in the last few years. Westport’s technology is based on research dating back to 1982 begun by Dr. Philip Hill at the University of British Columbia.
In other words, it took a quarter of a century for the research idea to be translated into commercial use.
Why did it take so long? Entrepreneurs who grew up in the dotcom era easily forget two fundamental challenges of technology entrepreneurship. First, most scientific and technological breakthroughs have a long way to go before they become commercially usable. Second, even when they become commercially viable, most users are reluctant to embrace them.
Westport Innovations only came into existence after UBC’s University Industry Liaison Office pitched Dr. Hill’s early research to Westport founder and current CEO, David Demers, with the promise “to save the planet with this new clean technology.” But even before the pitch was made, it took Dr. Hill six years to convert his research into a patent application, and six additional years of research before the UILO could approach Mr. Demers to launch the company.
This was only the beginning of the entrepreneurial process. Westport still had to learn how to build a gas-powered engine that could meet the needs of industry. The company learned three important lessons along the way.
First, in industries with complex supply chains, you cannot convince the end user to simply adapt to your technology, even if you think it is superior. Instead, you need to patiently work with established suppliers to gradually win them over. One of Westport’s important breakthroughs came in 2001 when Cummins Inc., one of the largest diesel engine manufacturers in the world, formed a 50/50 joint venture to develop and market low-emissions high performance natural gas engines.
Second, you need patient capital. Venture capital would have been the obvious source of funding, but until a few years ago venture capitalists took little interest in clean engine technologies. Westport aggressively pursued all grant opportunities, and listed the company on the Alberta Stock Exchange. It also renegotiated its licensing agreements with UBC, focusing on a long-term pure equity arrangement. The company also avoided granting preferred shares that would allow investors to liquidate the company. It needed investors who were in it for the long haul.
Third, you need to seize the winds of change. In the mid-2000s, the business world discovered “clean tech,” which is essentially what Westport had been doing for decades. The company quickly seized the opportunity, expanded its product range, added new strategic partners, and landed important engagements, including the Port of Los Angeles, which was desperately looking for cleaner engine technologies.
So here is a recipe for radical innovators. Find a brilliant university researcher with a promising technological idea, add some patient capital, mix in some partnerships with established industry leaders, let it simmer for up to a quarter of a century, and serve hot when the time is ripe.
Thomas Hellmann is the B.I. Ghert Family Foundation Professor in Finance and Policy, and Director of the W. Maurice Young Entrepreneurship and Venture Capital Research Centre at the University of British Columbia’s Sauder School
Excerpt from Jack Lifton interview with The Gold Report June 21, 2010
TGR: A number of companies appear to be popping up that suddenly have REE deposits. Can you share with our readers some of your favorite REE names with real mineable assets?
JL: I’d be glad to list those companies with mineable deposits in North America, so long as you understand that a mineable deposit is just one of the requirements for a successful REE-mining business. It is a necessary, but insufficient, requirement.
The mineable deposits of rare earths in North America are owned by:
.....................Molycorp Minerals (private company in Mountain Pass, California)
.....................Avalon Rare Metals Inc. (TSX:AVL;OTCQX:AVARF) (NW Territories, Canada)
.....................Rare Element Resources Ltd. (TSX.V:RES) (Wyoming)
.....................U.S. Rare Earths (a private company in Idaho)
.....................Quest Rare Minerals Ltd. (TSX.V:QRM) (Quebec, Canada)
.....................Great Western Minerals Group Ltd. (TSX.V:GWG) (Saskatchewan, Nova Scotia)
.....................Ucore Uranium (TSX.V:UCU) (Alaska)
http://www.techmetalsresearch.com/2010/06/jack-lifton-north-america-doesnt-need-
chinas-rare-earths/
Also, did I hear someone say...[
“Considered by many to be the nearest heavy rare earth facility to production on U.S. soil, our objective for Bokan will be to transition from the delivery of an NI 43-101 compliant Inferred Resource this year to production pre-feasibility immediately thereafter”, continued McKenzie. “There’s been a strong show of support for expedited rare earth production at Bokan, from both the State of Alaska and at the Senate level in Washington. Thus, the political response to meeting this supply crisis head-on has been very rapid, to say the least, with prospective economic and permitting measures designed to obtain domestic heavy rare earth production within the U.S. as quickly as possible.”
http://www.ucoreraremetals.com/news2.asp?ID=130
hmmm
Eoj
TGR: Moving north, one of your Morning Notes had a little bit about the Yukon and how it's a hot play. You talked about three categories of discovery companies: incubator, mature and legacy. What are some Yukon plays in each of those categories?
MB: The Yukon is hot indeed. A huge gold belt goes through it called the Tintina Gold Province, where pretty high-grade gold is near the surface. And of course, it's in Canada. The stars are almost aligning. People want to go to Canada for a good reason; it's a stable country with great resources, and the Yukon is underexplored. I think in a few years this Tintina Gold Province will look like Nevada's Carlin Trend looked in the early days.
In terms of companies, Underworld Resources Ltd. (TSX.V:UW)-I talked to them in January when they had just had tremendously good results. Of course, they were taken out with about a 35%-40% premium shortly thereafter by Kinross.
Another one that's interesting now is Kaminak Gold Corporation (TSX.V:KAM); they're going to have a mine. They're getting great results. They're in the Tintina's White Gold belt not far from where Underworld was. This area was mined for placer gold, but it's never really been mined for lode gold. Now with all of the new discovery techniques that miners have, they're heading up there looking for the hard rock deposits-and finding them.
And then the final one, perhaps the best of the bunch, is an incubator that will move very quickly into mature discovery, and that is Bill Sheriff's Golden Predator Corp. (TSX:GPD).
TGR: Chris wrote a report on that one.
CB: I have followed these guys since the beginning of the year when I first got turned on to prospects in the Yukon. They have a really interesting business model; they aim to become self-funded through some cash flow generators-a royalty business in Nevada, a non-core asset disposition business, and producing gold from some properties in the Western U.S. The company has said that these cash flow generators exist to fund exploration in the Yukon, where they have nine projects totaling more than 700 square kilometers.
Another reason why I like Golden Predator is that company management has a track record of success. Bill Sheriff was able to take Energy Metals Corp. from the TSX to the NYSE in 30 months and ultimately sell the company to Uranium One Inc. (TSX:UUU) for $1.8 billion. I'm not saying the same thing will happen with Golden Predator, but it's a huge plus knowing Golden Predator has people at the helm who have grown companies successfully in the past.
Incidentally, Bill Sheriff basically echoes what my father just said about the Tintina White Gold belt being the new Carlin Trend. They're really expecting the types and frequency of discoveries in the Yukon that we all saw in Nevada, say, over the last 20 to 30 years. The Yukon is interesting because you have the political will and you have the resources.
TGR: How do you define political will?
CB: The Yukon has a single window regulatory process so that there's no going back and forth to Ottawa to try to get mining permits; everything happens through Whitehorse (Yukon's capital). This process is known as "devolution" and has made the permitting process much more efficient. That's why the Kaminaks, the Kinrosses, the Golden Predators of the world like being there. Another reason is you've got this huge expanse of territory with only 4%-5% under mineral claims.
TGR: Is the Quaterra Resources, Inc. (TSX.V:QTA, NYSE.A:QMM) Herbert Glacier project sitting on an extension of the Tintina Gold Belt?
MB: No, it is not actually, but that's a really interesting one. It's not in the Tintina; it's in northern Alaska, and it will be drilled out by Grande Portage Resources, Ltd. (TSX.V:GPG) this year; so Grande Portage is going to earn a piece of that. I am glad you brought up Quaterra, though, because that's a stock I've followed a lot, and own a lot of. I think they could have a low-cost open-pit mine in their Nieves Silver Project in Mexico. There are no open pit silver mines. My guess is that they're onto one with this property. I think we will see something there that could be very, very interesting. Within the next 90 days.
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