BullMarketRun.ca

March 9, 2017

33 Comments

1. 

   Yes, I’m sure everyone would love regoci to pleasantly surprise us.

   Comment by Laddy — March 9, 2017 @ 9:00 am

2. 

   I know some of you guys are Canadian trumpians–
   —cut taxes for rich, trickle down, more deficit spending, stimulus, develop devolop regardless of consequences, regulations bad, global warming false although retreating glaciers are great for helping discover new mining ground.etc. etc.
   Things here in the states are daily getting more worrisome. The fella declares the media “the enemy of the people” while getting his news from Breitbart BS. He’s looking more like a paranoid narcissist. He’s an ignorant man who never reads books.
   Don used to be a liberal and now he says not so. He cares not for anything but to see himself in the center ring. Some of his followers are corn-pone nazi’s in waiting who wouldn’t hesitate to pick up a gun if an economic crisis should erupt.
   You guys please be careful what you wish for. As close allies of the US, in a nuclear war, Quebec, Montreal, Toronto and Vancouver will also be targets. (thanks for allowing the little rant.)

   Comment by Carl — March 9, 2017 @ 9:26 am

3. 

   GDX and GDXJ… looks like the lowest volume days for each in about 6 months.

   Comment by Daniel — March 9, 2017 @ 12:55 pm

4. 

   Carl
   sounds like you are the one that is paranoid….People need to realize that for the last 30 plus yrs the main stream media has been nothing but an extension of the Democratic party, they care nothing about the United States of America, (ie Clinton and Monica Lewinsky if any republican president did what he did he would have been impeached) they only care about their agendas no matter the cost, that is very apparent right now, go to any of the main stream media channels and all you will see is bashing of Trump they are not reporting facts at all, there is nothing journalistic about what they are doing, they are just so upset that Hillary did not win the election that they do not know what to do with themselves… it is being proven right now that they have been making stuff up about the entire Russian/Trump connection during the elections as there is not one oz of proof, yet they keep on harping and harping on it hoping that it will become the truth. I am not a fan of Donald Trump, but he does care about America and will do what it takes to make it the great country it once was… just give him the chance…

   Comment by GREGH — March 9, 2017 @ 1:09 pm

5. 

   The media picks on trump because he makes himself an easy target.

   Comment by Sameer — March 9, 2017 @ 4:59 pm

6. 

   What’s the deal about Cxo buying Dmr shares?

   Comment by Greg — March 9, 2017 @ 6:27 pm

7. 

   They didn’t buy them, Greg, it was for a debt settlement…

   Comment by Jon - BMR — March 9, 2017 @ 7:54 pm

8. 

   Excellent fresh article article on Cobalt everyone should read:

   http://www.mining.com/web/why-cobalt-not-lithium-could-be-the-battery-booms-big-commodity-winner/

   Comment by Jon - BMR — March 10, 2017 @ 3:27 am

9. 

   News just out from GGI – internationally renowned Nickel expert joins GGI and endorses E&L, first look at model images – impressive.

   March 10, 2017
   Prominent Nickel Expert Joins Garibaldi Team As Unique Golden Triangle Deposit Gains Recognition

   Vancouver, British Columbia, March 10, 2017 – Garibaldi Resources (TSX: GGI) (the “Company” or “Garibaldi”) is pleased to announce that internationally renowned nickel expert Dr. Peter Lightfoot has joined the Company’s Advisory Board as Garibaldi moves aggressively to unlock the potential of the first magmatic nickel-copper-rich massive sulphide system in the heart of British Columbia’s prolific Eskay mining camp.

   Dr. Lightfoot, who in the summer of 2016 published the first comprehensive textbook on the ore deposits of the Sudbury Igneous Complex, enjoyed a distinguished 20-year career as a geologist with Inco and Vale beginning in 1996. He was initially responsible for exploration at Voisey’s Bay before being appointed Chief Geologist responsible for technical aspects of exploration programs at Voisey’s Bay, Sudbury and Thompson.

   Dr. Lightfoot commented: “The opportunity at E&L comprises mineralization with unusually high nickel tenor of the sulphide and value-added copper in a mafic intrusion that has seen minimal previous exploration. The combination of structural geology, petrology and geochemistry offer a pathway to focus the nickel-copper exploration effort. It’s a pleasure to join the team at Garibaldi, and I look forward to helping advance this exciting project.”

   Steve Regoci, Garibaldi President and CEO, stated: “We are delighted to have Dr. Lightfoot join our Advisory Board. His expertise will provide highly valued input as we aim to uncover a much larger and even richer deposit at the E&L. His addition underscores our extraordinary team of nickel sulphide specialists led by our new directors, Everett Makela, P.Geo., VP Exploration Canada, and Dr. Raymond Goldie. We continue to consult with industry leaders as we progress with geophysical surveys in advance of a planned 2017 drill program for what we believe is the most compelling project of its kind in Canada right now.”

   Dr. Lightfoot – Additional Background

   Dr. Lightfoot received his B.A. in Earth Sciences from Oxford in 1980, his M.Sc. degree from the University of Toronto in 1982, and his Ph.D from the Open University (U.K.) in 1985. Following post-doctoral studies at the University of Toronto, he began a 10-year career with the Ontario Geological Survey in 1987 and worked extensively on the geology and geochemistry of Sudbury and Noril’sk before joining Inco in 1986.

   At the beginning of 2017, Dr. Lightfoot was appointed as the Hutchinson Visiting Industry Professor at the University of Western Ontario. He is now an independent consultant to the minerals industry. His company, Lightfoot Geoscience Inc., provides consulting services to companies exploring for and developing nickel-copper-cobalt-platinum group element sulphide and laterite ore deposits.

   E&L Geologic Model

   Further to Garibaldi’s February 28, 2017 news release, to view the first images of the E&L geologic model please visit the E&L section at the Company’s website or the following URL’s:

   garibaldiresources.com/i/pdf/1GGI_EL_Fig1_NiMtn_withGeophys_andInset.pdf

   garibaldiresources.com/i/pdf/1GGI_EL_Fig2_Geophys.pdf

   E&L Fact Sheet

   To view the latest E&L Fact Sheet, please visit the Garibaldi homepage or the following URL:

   http://www.garibaldiresources.com/i/pdf/GGI_EL_Project_Fact_Sheet_2017.pdf

   Garibaldi’s Eskay Camp Holdings Exceed 200 Sq. Km (E&L, PSP, King)

   Garibaldi’s 100%-owned E&L Project anchors a series of highly prospective targets within the Company’s expanded holdings of just over 200 sq. km covering three projects in the heart of the Eskay Camp. The zinc-rich Brass Hill target (see October 28, 2016 news release) approximately 2.7 kilometers northeast of the E&L deposit at E&L East is one of a number of sulphide and precious metal occurrences that were sampled last summer. Updates on the PSP, adjacent and contiguous to Eskay Creek, and the King will be provided soon.

   About Garibaldi

   Garibaldi Resources Corp. is an active Canadian-based junior exploration company focused on creating shareholder value through discoveries and strategic development of its assets in some of the most prolific mining regions in Mexico and British Columbia.

   We seek safe harbor.

   GARIBALDI RESOURCES CORP.
   Per: “Steve Regoci”
   Steve Regoci, President

   Neither the TSX Venture Exchange nor its Regulation Services Provider accepts responsibility for the adequacy or the accuracy of this release.

   Comment by Jon - BMR — March 10, 2017 @ 4:14 am

10. 

    Jon
    Very exciting NR
    Can you please interpret the maps/models for us layman?
    Thanks

    Comment by Greg — March 10, 2017 @ 4:26 am

11. 

    I was reading the NR as you posted this Jon. Very impressive indeed. Next up – VTEM. If big conductors show up, the fuse will light!

    Comment by Dan1 — March 10, 2017 @ 4:34 am

12. 

    Jon
    Thanks for the excellent article on cobalt I think you need to get your list of cobalt companies and research out there in the man stream media, I doubt this Sprott guy has done anywhere near the research you have I wonder which Jr. Companies he recommends?

    Comment by Greg — March 10, 2017 @ 4:47 am

13. 

    Hi Jon, the addition of another expert should, at some point, trigger the imagination of the skeptics. As for Greg, need your help in deciphering the first images of the model. Thanks for your good work.

    Richard

    Comment by rgiroux — March 10, 2017 @ 4:57 am

14. 

    Hi Jon, the addition of another expert should, at some point, trigger the imagination of the skeptics. As for Greg, need your help in deciphering the first images of the model. Thanks for your good work.

    Richard

    Comment by rgiroux — March 10, 2017 @ 4:57 am

15. 

    The Q map is 25+ years old. is this the first time they have modeled it in 3d? Should there be lines going from the Q deeper and if so, is that what new deeper seeing VTEM may piece together?

    Comment by david — March 10, 2017 @ 5:00 am

16. 

    I think to put everything in layman’s terms, Greg, below are 3 key initial takeaways I have with regard to the model:

    1) Scale of system – you’ll note that the historic mineralized zone, which comprises approximately 3 million tonnes (a 10-million tonne sulphide deposit would be a mine-maker), is like a pebble in a rock pile in the model, or a speck of sand on the beach if you will. Based on this model, I find it impossible to imagine that the oldtimers drilled into the main part or the juiciest part of the system. Hit just the edges it appears.

    2) There is a much better understanding now of the potential geometry of this system, though it’s still early in that regard. Keep in mind, this was drilled in the 1960’s, and despite some very encouraging results, the oldtimers had no context for the district and understood much less about Nickel sulphide systems than is now currently known following discoveries at Voisey’s Bay and elsewhere in Canada and the world. The conduit (“feeder”) zone is to the south and the oldtimers never drilled it – they had a very narrow focus on the high-grade surface showings at the top of Nickel Mountain and what they could find very close to surface. They got tripped up on the underground drilling as they didn’t understand the geometry of the system.

    3. Some interesting observations from Lightfoot, who by the way is a TITAN of the Nickel industry – getting him on board and his endorsement of the project is huge for GGI, probably another game-changer.

    “The opportunity at E&L comprises mineralization with unusually high nickel tenor of the sulphide and value-added copper in a mafic intrusion that has seen minimal previous exploration. The combination of structural geology, petrology and geochemistry offer a pathway to focus the nickel-copper exploration effort. It’s a pleasure to join the team at Garibaldi, and I look forward to helping advance this exciting project.”

    There’s certainly a feeling that given the “unusually high tenor”, critical for Nickel sulphide deposits, the grade potential at the E&L is truly robust, in particular where they can drill into a body of massive sulphides.

    Appreciating the district setting here is critical. The E&L is situated in the very heart of PRIME REAL ESTATE when it comes to exploration ground – we’ve stated repeatedly, this is one of the most mineralized parts of the entire planet, no one can dispute that. Nothing has proven to be small. The idea that a large Nickel-Copper-rich system with Cobalt, PGE’s and Gold has formed in the middle of this Camp featuring high-grade gold deposits and Cu-Au porphyry deposits on the perimeter of the E&L/Nickel Mountain mafic intrusion is a very real possibility, more than ever now. The VTEM should be the final piece of the broader puzzle.

    Makela, Goldie, Alan King, and now Peter Lightfoot – they’re all seeing something very special in the E&L. That’s worth paying serious attention to.

    Comment by Jon - BMR — March 10, 2017 @ 5:16 am

17. 

    Jon
    Just listened to an interview with Rick Rule regarding cobalt
    He says he does not like Canadian cobalt as it does not have the scale or the grades
    Your thoughts on that?

    Comment by Greg — March 10, 2017 @ 5:46 am

18. 

    Thanks Jon for your comments on the EL the scale does jump out at you on the map for sure
    Thanks

    Comment by Greg — March 10, 2017 @ 5:48 am

19. 

    GGI – model…..a thing of beauty.

    Comment by Foz1971 — March 10, 2017 @ 6:19 am

20. 

    CPO – news. closes second private placement. great, free to run. IP survey results due soon.

    Comment by Foz1971 — March 10, 2017 @ 6:22 am

21. 

    Yes, Fox1971, with that out of the way, CPO is cashed up with their last cheap financing out of the way. Onward and upward. We’ll be doing a piece with the President and CEO, Andreas Rompel, in the near future (this month) which I believe will be very educational for investors interested in the Cobalt space.

    Comment by Jon - BMR — March 10, 2017 @ 6:29 am

22. 

    CPO should start to get going soon!

    Comment by STEVEN1 — March 10, 2017 @ 6:41 am

23. 

    Thanks Jon, looking forward to the piece on CPO. Interested their drill plans.

    Comment by Foz1971 — March 10, 2017 @ 6:41 am

24. 

    Jon: would you recommmend adding to positions on CPO while its cheap? under 13?

    Comment by STEVEN1 — March 10, 2017 @ 6:42 am

25. 

    Think about it, Steven1…they’re cashed up, there’s been a pullback to a support area, good news flow coming up, a spring drill program, and – very likely – higher Cobalt prices…

    Comment by Jon - BMR — March 10, 2017 @ 6:46 am

26. 

    ok, Jon. CPO now 14! looks alot cleaner now that the financing is finally completed! Venture’s actually up 5 pts??!!!

    Comment by STEVEN1 — March 10, 2017 @ 7:31 am

27. 

    Indeed, Steven1…law of supply and demand…that selling pressure to get in on the PP is now over, stock is free to run…the same will happen shortly with CSR…interestingly, CUZ has “filled the gap” from Feb. 14 as we suspected it might…

    Comment by Jon - BMR — March 10, 2017 @ 7:46 am

28. 

    Greg, thank you for bringing this up, and now I have time to respond…here’s a direct quote from Rick Rule from an interview late last year (November)…”You might look to Cobalt, the problem is that you wouldn’t look to Canadian Cobalt which makes you feel warm and fuzzy because Canada doesn’t have much Cobalt. If you want to be in the Cobalt business, if you like that sexy story, the pretty girl in the booth with the electric car, you have to go to Congo and Uganda where the Cobalt is.”

    Wow! I have the utmost respect for Rick Rule, but you want to ask yourself…how come after he made those comments, Canadian Cobalt stocks started their next big leg up?…

    He’s right in the sense that the Congo and Uganda is where the Cobalt is (in terms of what is currently being produced, as a byproduct)…however, that’s not where I’d be looking as an investor in terms of opportunities in Cobalt…that’s not where the future is for the metal…unstable area…low grades…and a lot of opposition starting to mount against companies trying to source Cobalt from there due to horrible child labor abuses (Apple has just recently made the decision to stop using Cobalt from the Congo – having said that, supply chains from there can be difficult to discern)…

    I’m not sure how familiar Rick Rule is with Cobalt in northern Ontario…Cobalt grades there are unquestionably among the highest (or the highest) in the entire world, by an order of magnitude better than the Congo or other jurisdictions…that’s a fact…grade is King…the Cobalt is mixed in with the Silver, and the Silver in this region is also of extremely high grade…over 100 historical mines and from the early 1900’s to the 1960’s, well over half a billion ounces of Silver came out of the Greater Cobalt Camp, and many, many millions of pounds of Cobalt, making it the 3rd largest producing Silver region in the entire world…during wartime, the supply of Cobalt from this region was critical…THAT IS SCALE in my opinion…some local experts believe only a quarter of the actual Silver in the ground (and Cobalt) has been mined, meaning there is still much to go after…while tonnages from individual mines weren’t large-scale, the spectacular grades more than made up for that…since they now know how to fully recover the Cobalt and deal with the arsenic issues, opportunities for a lot of new production to come out of this area are profound…some geologists are also talking about some open-pit possibilities…large tracks of land are also very under-explored or not explored at all…great discovery potential…

    There is an obvious need to educate a lot of investors, including those you think would know better, about the Cobalt market and the situation that’s emerging in northern Ontario…we’ll be doing a lot of that at BMR in the coming weeks…an incredible district that can go a long way toward solving a supply problem for Cobalt…infrastructure is also excellent, even the potential processing capabilities in the town of Cobalt…and that brings up something else…why do u think they named Cobalt, Cobalt?

    Comment by Jon - BMR — March 10, 2017 @ 1:50 pm

29. 

    Thanks Jon
    as always appreciate your views, once again someone making statements without having all of the facts or not having yet done their homework..

    thanks

    Comment by GREGH — March 10, 2017 @ 3:02 pm

30. 

    Rick Rule = one man, no fret.

    Comment by dave — March 10, 2017 @ 3:24 pm

31. 

    Jon

    how close does that Q anomaly come to the border of MTS property? can you tell from looking at the area maps..
    thanks

    Comment by greg — March 10, 2017 @ 5:07 pm

32. 

    Good question, Greg – we’re going to be talking about MTS a lot more shortly…Metallis’ northern claims nudge up very close to GGI’s ground, certainly within a couple thousand meters of the “Q”…here’s where it gets interesting…there’s a mafic environment on the northern part of MTS’s ground that I don’t believe has ever been tested (some interesting geophysics), but as you go south you then you get into the high-grade Gold target at the King anomaly (to be drilled) and then the Cu-Au porphyry (to be drilled) adjacent to that which is 6 km long in a geological setting strikingly similar to KSM…investors are hugely underestimating the potential of MTS’ ground with that stock’s share price at just 17 cents and only 18 million outstanding…yes, they’ll feed off the excitement at the E&L, but they’ll create their own intrigue with the King and the porphyry…I love the fact there’s a confirmed porphyry on MTS’ Kirkham Property…we’ve seen in the district how high-grade gold deposits are found next to porphyries…MTS has a real shot…

    On a broader level, can you see a pattern? The Ni-Cu-rich massive sulphide system at the E&L – what appears to be a very unusual high-grade Nickel event for B.C. in the middle of this Camp – and all around that Nickel deposit on the perimeter stretching out for quite a distance you’ve got alternating high-grade Gold and Cu-Au porphyry…exactly the kind of model Dr. Goldie was talking about…what’s fascinating – and we’ll be expanding on this soon – is that another respected geologist, one who has never met Dr. Goldie or even spoken with him, and is doing some consulting with us, has arrived at the same conclusion and can (and will) explain why this has occurred—–there’s your tip of the day…if you know what to do with it, potentially a huge money maker!…

    Comment by Jon - BMR — March 10, 2017 @ 6:27 pm

33. 

    Jon stop it I wont be able to sleep again tonite dreaming about retirement, lol…

    Comment by greg — March 10, 2017 @ 7:47 pm

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