Check the BMR comments section throughout the day for updates and helpful information.
1. Gold has traded between $1,283 and $1,291 so far today…as of 7:00 am Pacific, bullion is up $3 an ounce at $1,286…Silver is flat at $17.12…base metals are steady to slightly negative after yesterday’s big jump on bullish demand signs…Copper is trading at $2.93 while Nickel is unchanged at $4.86…Palladium, up $14 at $920, has hit a fresh 16-year high…Crude Oil has slipped 25 cents to $46.53 while the U.S. Dollar Index has rebounded one-third of a point to 93.77 after backing off yesterday after Fed minutes that were interpreted to be dovish…the dollar got a boost this morning from the European Central Bank minutes that sent the euro to a 3-week low…the ECB’s July meeting showed policymakers were worried about a possible overshoot in the euro which would threaten the central bank’s efforts to get inflation higher…
2. U.S. economic data released this morning showed factory output slipping in July as auto production fell off, while the index for current general activity in the Philadelphia Federal Reserve’s manufacturing business outlook survey fell to its lowest level in 7 months…this comes on the heels of better than expected economic data earlier this week including critical retail sales…
3. The Crude Oil market is digesting a ramp-up in U.S. shale production…U.S. Crude output rose 79,000 barrels a day, to 9.502 million bpd, during the week ended August 11 according to weekly data released yesterday by the Energy Information Administration…that offset the EIA’s more bullish data, which showed a further drawdown in U.S. Oil stocks, the 9th reduction in 10 weeks…
4. After 4 straight winning sessions, the Dow has retreated 90 points through the first 30 minutes of trading…the Dow is up 70 points at 22,069 through the first 30 minutes of trading…in Toronto, the TSX is down 20 points while the Venture has added nearly a full point to 771…a stubborn band of resistance exists between 770 and 778 – as soon as that is overcome, the Index could accelerate rapidly…GTT Gold (GT, TSX-V) has closed a $5.75 million financing at 85 cents…proceeds will be used to ramp up drilling at its high-grade Gold discovery in the Saddle zone of its Tatogga Property near Red Chris…the stock is up 9 cents to $1.46 in early trading…
5. Constantine Metal Resources (CEM, TSX-V) has intersected high-grade Zinc and Silver in follow-up drilling to discovery hole CMR17-89, 3 km from the known mineral resource at its Palmer JV Project in Alaska…to date, mineralization has been defined over an area measuring 180 m x 50 m, and over a vertical distance of approximately 200 m, and remains open in all directions…the drill program has been expanded to 10,000 m…highlights from the 3 holes released this morning include 17.8 m in CMR17–92 grading 11.7% Zn and 6.3 g/t Ag; 24.6 m grading 260 g/t Ag and 1.4% Zn in CMR17–94; and 20.4 m grading 9.9% Zn and 14.4 g/t Ag in CMR-17–96…Garfield MacVeigh, President, commented, “The initial 4 holes released for the AG Zone discovery have defined a significant new zone of mineralization that is wide open to expansion. While it is very early days in our exploration of the AG Zone, the length, grade and broad area of the drill intersections in combination with the scale and intensity of hydrothermal alteration indicate excellent potential for a sizeable deposit. The discovery is a major new development for the Palmer Project and we look forward to the results of ongoing exploration drilling.” CEM is up half a penny at 23.5 cents as of 7:00 am Pacific…
6. Blind Creek Resources (BCK, TSX-V) has commenced an exploration program at its 100%-owned and fully permitted Engineer Gold mine Property 32 km southwest of Atlin…geological mapping, sampling and a soil geochemical survey are intended to build on previous results immediately south of the historic high-grade Engineer mine and on the Wann River claims, 5 km to the south, where a soil geochemical survey defined the BC anomaly 500 m east of the historic mine workings in an area that has only seen limited modern exploration…the BC anomaly is elevated in Gold and Silver with an outer halo of elevated arsenic, antimony and molybdenum…all are elements associated with Engineer-style Gold mineralization within the historic mine…the BC anomaly represents the largest near-mine soil geochemical anomaly defined to date around the Engineer…it’s 300 m long by 250 m wide and is near the projected intersection of shears “A” and “B”, large second-order fault structures known to host significant Gold mineralization in hydrothermal breccias within the mine workings…
7. Marathon Gold (MOZ, TSX) continues to release positive results from infill and exploration drilling at the Marathon Gold deposit in central Newfoundland’s Valentine Lake Gold Camp…drill holes MA-17–184 and MA-17–186, designed to drill subvertical down through the main mineralized corridor, intersected wide intervals of good gold grades including 1.6 g/t Au gold over 191 m with 3.16 g/t Au over 27 m and 7.16 g/t Au over 8 m in MA-17–186…MA-17–185, designed to drill through the hanging wall, skirting along the western side of the main mineralized corridor and then crossing into the footwall conglomerate, intersected significant intervals of low-grade Gold values in the hanging wall…drilling with 4 rigs continues at Valentine Lake as Marathon works toward maximizing drill coverage for the new resource update in the 4th quarter of this year…the update will form the foundation of a PEA which will be commissioned after the resource is completed…MOZ is up slightly at $1.02 as of 7:00 am Pacific…
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Anyone know why the ask on GGI is 287,500 shares at .62? Same culprits as in the recent past?
Comment by Marshall — August 17, 2017 @ 8:39 am
GGI
Any idea what the hold up is on the drilling news etc.?
Comment by Gregh — August 17, 2017 @ 9:52 am
Wow so quiet on GGI everywhere this morning, is this the calm before the storm?
Comment by Gregh — August 17, 2017 @ 11:12 am
Most early believers were buying below .20, took lots of patience but here we r with a triple. Have the same patience and another triple is around the corner.
Same or not, does not matter.
The sell disappears by their doing(as in Fake) or someone takes it off their hands.
Its a classic Accumulation in the .50’s
PP closes soon, drilling news on its way.
My bet is bigger drill program, expand on Vtem info and more nice rocks found.
Next leg is patiently waiting for the elevator up!
Comment by diesel — August 17, 2017 @ 11:56 am
Boring ggi week. So much for those $1+ predictions. Building a nice consolidation level though!!
Comment by Matt — August 17, 2017 @ 6:11 pm
no news thanks Steve
Comment by bc guy — August 17, 2017 @ 7:06 pm
Anyone posting here anymore? Or are they pending and no one looking at them?
Comment by Dan1 — August 17, 2017 @ 7:10 pm
Dan1
I have to think that Jon and John must be really busy with all that’s going on with GGI and the golden triangle, I can’t imagine no one posting here but it would be nice to have discussions here and see the 30-40 posts a day like we used to see here , I’m sure that will start happening as soon as GGI starts drilling . The sad thing is some poster on SH is sharing everything that BMR is putting out re GGI which is just not right , not fair to BMR or the paying subscribers, needs to stop and now!
Comment by Gregh — August 18, 2017 @ 6:25 am
Wow, GGI 525,00 already. Guess that block got erased.
Comment by Marshall — August 18, 2017 @ 6:43 am
short covering this morning?????
Comment by bc guy — August 18, 2017 @ 6:53 am
morning people. I suspect that Sask. buying has arrived? Good to see. I bought some more at >57 a few days ago, waiting now for exchange o.k. on PP. Next week could finally be a barnburner. GLTA Richard l
Comment by charleybarley — August 18, 2017 @ 7:03 am
Yes, Goldy63 on SH sharing information
Comment by Dan1 — August 18, 2017 @ 7:11 am
Agree Dan1 very unfair of Goldy63 and whoever is feeding it to him.
Comment by Scott — August 18, 2017 @ 7:23 am
So both big blocks gone with ease…………any questions?
Comment by diesel — August 18, 2017 @ 7:40 am
GGI – NEWS
August 18, 2017
Garibaldi Applies “Full Force” At Nickel Mountain
Vancouver, British Columbia, August 18, 2017 – Garibaldi Resources (TSX.V: GGI) (the “Company” or “Garibaldi”) is pleased to provide an exploration and corporate update pertaining to the Company’s 63 sq. km and 100%-owned E&L Project at Nickel Mountain in the heart of northwest British Columbia’s prolific Eskay Camp.
Highlights:
– Crews, including Full Force Drilling out of Peachland, B.C., have mobilized to commence diamond drilling within the next several days at the historic E&L deposit, the Eskay Camp’s only nickel-copper massive sulphide system just 11 miles southwest of Eskay Creek;
– SJ Geophysics has been carrying out ground-based loop EM geophysics to ensure even greater accuracy at targeting known nickel-copper-rich mineralized zones at the E&L and the strong, broad VTEM conductor estimated to begin within 20 to 40 meters below the deepest hole drilled (122 meters) by Silver Standard in the mid-1960’s;
– Garibaldi’s initial drill holes targeting the VTEM conductor will be drilled from the west and the east in a scissor pattern to ensure successful intersections of the as yet unknown orientation of the anomaly in the third dimension.
Steve Regoci, President and CEO, stated: “It has been nearly 50 years since drilling has been carried out at the top of Nickel Mountain where massive sulphides were originally found in outcrop in the early 1960’s. I commend our team of nickel sulphide experts for the exceptional work they have done to compile and reinterpret historic data while merging that with our own geological and geophysical data covering the E&L and a potential multi-kilometer-long mineralized structural corridor. We will issue a news release upon the commencement of drilling.”
All 12 Silver Standard holes drilled in the mid-1960’s intersected nickel-copper mineralization highlighted by a 37.8-meter interval in DDH-4-1966 that returned 1.3% nickel and 0.79% copper, including 5.9% nickel and 1.7% copper over 2.74 meters near the bottom of the hole.
Regional Exploration
An update will be provided soon on the company’s exploration efforts along an apparent structural corridor at the E&L Project stretching for at least 6 km northeast of the historic deposit. Work is also being carried out elsewhere on the company’s large landholdings in the district. In total, Garibaldi controls one of the largest land positions among juniors in the Eskay Camp with just over 200 sq. km.
Private Placement Closed
Garibaldi has closed a $934,720 private placement to certain strategic investors, issuing 2,032,000 units at 46 cents per unit. Each unit comprises one common share in the capital of the Company and one full non-transferable share purchase warrant. Each warrant is exercisable into one common share at a price of 60 cents for a period of two years.
All units from the private placement are subject to a four-month hold period ending December 18, 2017.
The financing includes a finder’s fee commission of $6,440 (7%) payable to Canaccord Genuity, subject to TSX Venture Exchange approval.
Options Granted
Garibaldi has granted to certain directors, officers and employees of the Company incentive stock options on up to 1,500,000 shares of the Company’s capital stock, exercisable for up to 5 years at a price of 50 cents per share pursuant to its stock option plan. The stock option grant is subject to applicable regulatory hold periods and the approval of the TSX Venture Exchange.
Eskay Camp Area Map
To view the location of the E&L Project, Garibaldi’s other large landholdings in the Eskay Camp, and properties of all other companies in this prolific district, please visit GGI’s web site or the following URL:
http://www.garibaldiresources.com/i/photos/king/GGI-Eskay-Camp-Area-Map-Aug-10.jpg
Qualified Person
Mr. Everett F. Makela, P.Geo., Director and VP Exploration Canada for the Company, a Qualified Person as defined by NI-43-101, has reviewed and approved the scientific and technical disclosure in this news release.
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.
You can view the Previous News Releases item: Thu Jul 27, 2017, Vtem Conductor Leads To Large New Surface Discovery At Garibaldi’s E&L Project As Drilling Nears
You can return to the main News Releases page, or press the Back button on your browser.
Comment by Foz1971 — August 18, 2017 @ 7:42 am
News release on web page.
Comment by Robert — August 18, 2017 @ 7:45 am
Something I didn’t know until last week is that some of the comment sections on BMR are open to everyone, so it’s best to post anything you don’t want everyone to read under the Sunday sizzler or alerts anywhere you have to log in , And it makes it easier for BMR to give a more detailed answer to our questions without giving out free subscriber only info. Wont stop the scum bag that is feeding Goldy63 but I’m sure BMR will fiqure it out soon enough who that person is.
Comment by Gregh — August 18, 2017 @ 7:48 am
Still not drilling yet. Maybe they won’t be started before you arrive at the Heart of Gold Camp Jon?
Comment by Dan1 — August 18, 2017 @ 7:55 am
Jon
Looks like your arrival will be timed perfectly with drilling on Monday
Will you still be there on Wednesday when they halt the stock due to all the massive sulfides coming out of the ground lol ??
Comment by Gregh — August 18, 2017 @ 8:03 am
I’m working today on finalizing arrangements, Greg…next week could be dramatic for the entire district…so much going on with 10 companies in the midst of drill programs…with regard to Nickel Mountain, one point that I believe has been overlooked is that not only is this a powerful Nickel story but no property in the district has delivered higher grades of Copper in drill holes than the E&L…again, going back to tenor of the sulphide – 2.1% Cu to 10.9% Cu in 100% sulphide…a 28% Cu concentrate was produced in the 1960’s in metallurgical work…you don’t think Seabridge is watching events very closely at the E&L??…I’m sure they are…
Comment by Jon - BMR — August 18, 2017 @ 8:11 am
Jon
Does it sound like there are 2 rigs? Drilling from the west and the east in a scissor pattern?
Comment by Gregh — August 18, 2017 @ 8:12 am
One rig at this point, Gregh…sounds like first hole from the west, cutting through the rich northwest historical zone into the conductor…then from the east, so what should be a very effective scissor pattern…
This comes down to 1 thing – does the conductor represent massive sulphides?…if it does, the grade range will be spectacular given the tenor of the sulphide…critically, the VTEM Survey was validated with the discovery of surface mineralization at Anomaly A…no “false signal” at Anomaly A…I wouldn’t want to bet on a false signal at Anomaly D…
Comment by Jon - BMR — August 18, 2017 @ 8:18 am
Regoci says drilling next several days. Jon, How long do you think it will take to start drilling? That’s the one thing that bothers me about their releases, they are never specific. I’m sure he knows how long it will take and probably the exact day.
Comment by Dan1 — August 18, 2017 @ 8:28 am
Dan1, there has been a real downpour the last couple of days in the district, and low ceilings, and continuing today and tomorrow aparrently…so this is not like being in the middle of Nevada…improving weather patterns by Monday is what I’m hearing, so that’s probably the reason for “several days”…there has been some fabulous weather recently and it will return…
Comment by Jon - BMR — August 18, 2017 @ 8:38 am
Jon
So I assume they have the drill pads in place or do they drill that first hole then decide where the next drill pad would be placed? Probably a dumb question
Thanks
Comment by Gregh — August 18, 2017 @ 9:04 am
dissemination of BMR stuff. Ya, not fair. But then look at how that info has been used and the traders it has brought in. The buyers at BMR are full up of GGI shrs over the past couple yrs. Needed new cash to move it up and since no one else is covering yet, where else does the mkt get info? lots of the leaks from here have been used for weeks now to add fuel to the fire and it worked.MTS has a swell story, butts up to GGI, has been the topic of some talk here, but has only double(lol) in the past couple weeks. We all need the audience, got it, lets see how it runs
Comment by david — August 18, 2017 @ 9:08 am
Cool Jon. Thanks
Comment by Dan1 — August 18, 2017 @ 9:48 am
Excellent suggestion Gregh
Comment by Ciara — August 18, 2017 @ 10:35 am
David one problem is, are subscribers going to keep paying if they can get the info for free, I think not.
Comment by Scott — August 18, 2017 @ 10:57 am
Weren’t the Lightfoot videos supposed to be released yesterday?
Comment by Dan1 — August 19, 2017 @ 3:29 am
We’re getting there, Dan1 (this weekend) – there’s so much going on at the moment, even in terms of fresh incoming research on the district and the Nickel Mountain corridor including an unexpected meeting I had yesterday with a gentleman (independent of any company in the district) with fascinating insights from data collected years ago…we’re going to pull it all together in the coming days…more convinced than ever that Dr. Lightfoot and others have nailed this bang-on…keep Lightfoot’s words in mind regarding the implications of a Nickel-Copper-rich discovery in the heart of this Camp…it’s also increasingly doubtful that the E&L is an isolated event…more evidence than just other conductors to the northeast when one considers the regional context…
Comment by Jon - BMR — August 19, 2017 @ 7:03 am
Scott, a BMR subscription comes with both privileges and responsibilities…it is against BMR policy for subscribers to post/distribute material that is behind the pay-wall, and we’re currently addressing recent infractions of this by 1 or more subscribers…
Comment by Jon - BMR — August 19, 2017 @ 7:17 am
Jon, it sounds like you will have some very powerful information for subscribers in the coming days in regards to the E&L. More imperative than ever to shutdown the free flow of info to other boards from irresponsible BMR subscribers.
Comment by pole — August 19, 2017 @ 8:44 am
At first I thought the subscriber fee was a little steep. I made that back before the credit card bill was processed. I am now a BMR groupee.
Comment by Marshall — August 19, 2017 @ 9:17 am
BMR has offered me way more than any other subscription that I have had in the past! It is incredible that amount of time, passion and hard work goes in to making BMR what it is and their services should not be given out freely! A day without BMR is worse than a day without coffee.
I also really enjoy everyone’s comments!
Comment by Ciara — August 19, 2017 @ 11:24 am
David,
how do you know if the BMR info has brought the traders in? Traders are watching volume, from your post it seems that you are ok with subscribers violating the policies of BMR? Personally I think it is wrong and very unfair to all of the paying subscribers regardless of who it brings into the stock and more importantly it is very unfair to the BMR crew for all the time and work they put in to have their work word for word posted in the public domain or given out by a poster that acts like he has the inside knowledge.. just not right period!!
Comment by Gregh — August 19, 2017 @ 5:25 pm
I agree Gregh, BMR is the best and the least we all owe them is to respect their hard earned business model and adhere to the rules.
Comment by Scott — August 19, 2017 @ 7:54 pm
Ok. Snitches get stitches
Comment by david — August 20, 2017 @ 6:03 am
GGI
Does anomaly A start at surface or is it deep,like anomaly D?
The massive sulfide Gabro was found at the surface at anomaly A so I guess anomaly A start at surface too?
Any ideas?
Comment by George — August 20, 2017 @ 6:47 am