A Pretium For Canada’s Nail-Scraping, Nested Gold

The Sheriffs Are Plotting This Every Step Of The Way

The Sheriffs Are Plotting This Every Step Of The Way

No Need For 52 Veins At Predator’s Yukon Ball

VANCOUVER, Canada — Just one will do, it appears.

At 4 times its usual share trading in just 30 morning minutes Thursday, and a 10 percent price gain, Golden Predator is getting fresh faces who might see a Yukon project as a shallow-gold masterpiece.


Maps here. Gold grades, intercepts, here: 3 Aces.

By Thursday’s close, GPY shares (Canada ticker) had risen 23 percent on their largest share volume ever; A FEW MILLION SHARES.

Fresh drill-assays from Golden Predator’s 3 Aces spread are just out: much gold at shallow depths – 10 meters deep, 17 meters deep and so on. Some at surface. Gold grades in some stretches of drill core are coming in at an ounce per metric ton. They had to. Just go to 3 Aces, walk around the high grade parts and see for yourself: no pick-axes or magnifying glasses required.

(I did. Please see: Yukon Deck of Varicose Gold Veins September 2016)

 

Maybe that newly detected blind vein 70 meters down needs some further poking. The other veins, splayed across open field and rocky hillside, do not.

 

Golden Predator‘s spread up there above British Columbia is (on paper) a lot like Brucejack in B.C., a looming underground mine (mid-2017?) of rich, sprawling veins for Pretium Resources (now a $1.8 billion market value).

 

GPY’s 3 Aces is in my own rock review there several months ago presented a landscape of easily read and rich veins outcropping mostly at surface. The thing when it becomes a mine probably is a combination underground and open-pit operation. It is out in the boonies, but right on pavement to another former mine up there.

That somewhat deeper (at 70 meters) blind vein unveiled in assays today?

 

Bill Sheriff, the American geologist who runs this with his partner, CEO Janet-Lee Sheriff, says, “A blind vein is one that doesn’t outcrop or make its way to the surface … generally discovered or encountered through  drilling in our case or perhaps by underground development in the case of an operating mine: a vein that wasn’t known from surface or very near surface exploration.”

I started buying GPY shares (Canada ticker NTGSF USA ticker) on site this past September. A lot of visible gold, some you can scratch off a vein with a fingernail, particularly in an area called Ace of Spades. Even someone as dense geologically as I am could see that: http://thomcalandra.com/yukons-deck-of-varicose-gold-veins/.

I think the abundant grades revealed Thursday (January 19, 2017) from Golden Predator’s winter drilling program and the lengths and the shallow depths are contributing to the thick trading volume of the shares. Like an epiphany.

 

As the guy says from around the corner, the one who runs the $10 million hedge fund (there are a few of them around our corner), “Got to respect a move like that.” Especially so quickly after publication of results. The shares are rising about 11 percent.

The quick investor response for Golden Predator shares probably bodes well for any cashed-up gold explorer with 1. Extreme high grades; 2. Shallow depths; 3. Large property (in the case of 3 Aces in southwestern Yukon, something like 225 square kilometers). GPY/NTGSF stock is climbing into midday past the 17 percent-up mark, and 2 million shares changing hands.

The fresh discovery, now published, also bodes well for Canada gold explorers with half-ounce or higher grades of the mineral at shallow depths.

The Sheriffs guided some bold investors into 3 Aces in 2016, including Rob McEwen and his McEwen Mining (MUX ticker in USA, Canada) — via equity placements. That is a story itself for another time.

Uranium: bouncing back after the Cameco meltdown earlier this week. Please see the uranium review of Athabasca Basin companies for our TCR Network. I’ll be overseeing two uranium panels Sunday at VRIC in Vancouver. The companies are CanAlaska Uranium, Fission Uranium, Uranium Energy Corp., Denison Mines & Skyharbour Resources. I own CanAlaska shares. My other uranium equities: Virginia Energy, Uranium Valley (this zed-complex one not really a uranium-co and in process of exploiting transferred Quebec, Ontario and other property stakes for gold, cobalt, nickel and other minerals).

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I will for the first time (today Thursday January 19, 2017) be purchasing shares of Fission 3.0 (in fact, did on Thursday) after a long chat with low-flying geologist 3.0 Ross McElroy; the Fission explorer from Canada is searching for another discovery on the scale of sister-co Fission Uranium’s Patterson Lake South in the western part of the Athabasca Basin. Relevant tickers here:TCR Network.

Earlier this week, and on Thursday, I added to my small but growing ownership of CanAlaska Uranium. Please see that just-published TCR Network report about the basin’s explorers.

– Thom Calandra [Early takers at our second uranium panel Sunday at Vancouver Resource Investment Conference (2 p.m. or so Pacific) – Athabasca Basin leaning – will get a printout of a proprietary slide deck about uranium, exploration and nuclear themes, courtesy of CanAlaska Uranium for the paper and many of the ideas and moi for editing and presentation. The British Columbia city of Vancouver at this time of year hosts a few metals gatherings for geologists, investors, financiers — AME’s Round-Up; Cambridge House’s VRIC and one or two others.]

 

 

— Thom Calandra (None of these companies pays me — not a one.)

 

 

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Thom Calandra & TCR are researchers and investors. Research and material they offer to subscribers are meant as editorial opinion.

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