MSLV -- Bonanza gold/silver grades; cheapMSLV presents a very attractive opportunity in the mining friendly district and with gold/silver hitting fresh highs. Fully funded for this year. Strong management which is marketing savvy. Churning through IPO paper but could explode at any moment, IMO.
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Mantaro Silver Corp. Introduces High-Grade Sampling Results from Recent Program at Santas Gloria Silver Property
VANCOUVER, BC, June 2, 2021 /CNW/ - MANTARO SILVER CORP. (TSXV: MSLV) (the "Company") is pleased to provide an update on its high-grade silver Santas Gloria Silver Property, located 55 km east of Lima, Peru. The Santas Gloria Silver Property, which is 100% owned, is comprised of three mineral concessions totaling 1,100 hectares.
Highlights of Santas Gloria Silver Property:
- High-grade Underground Channel Samples of over 10,000 g/t Ag at the Tembladera Vein and over 4,100 g/t Ag at the San Jorge Vein in Mantaro's recent exploration program (see Figure 1 for all silver results of the program).
- High-grade gold of 56 g/t Au at the Kelly Vein in Mantaro's recent exploration program (see Figure 2 for all gold results of the program).
- Approximately 16 major veins and vein splays with a cumulative strike length of over 12 km.
- Planned 7,500 metre drill program for the Tembladera Vein System, San Jorge Vein System, Kelly, Maribel and Paquita Veins.
There are over 12 kilometers of intermediate sulphidation veins and vein splays arranged into a number of key target zones: the Tembladera Vein System, San Jorge Vein System, Kelly Vein, Maribel Vein, Paquita Vein and Rosario Vein. The system has never been drilled tested and exploitation of silver was limited to two areas of the San Jorge and Tembladera veins.
Miningstocks
Barrick Gold: Bullseye? 😎😎😎With the current losses in the price for the Barrick Gold Corp. stock, we are perfectly on track to move all the way down under the support at $13.01. There, we will have amazing opportunities to re-enter the market on the long side. If there is no sustainable breakout above $24.95, our primary expectation will remain in place.
Happy weekend!
K2 Gold Corp. Phase 2, SUMMARY
K2 is a junior resource company focused on exploring for gold in California and the Yukon. The company plans to grow by acquiring further mineral properties in North America and by leveraging the Chairman’s past successes.
K2’s Chairman, John Robins, was the founder of Kaminak Gold. Kaminak sold the Coffee deposit; a multi-million ounce gold resource to Goldcorp for $520M in 2016. It will also continue to utilize its strength and good reputation in financial markets to ensure adequate financial resources for the projects it acquires or discovers.
NEXT STEP
Phase 1 – Completed:
§ Drilling 4 sites/17 holes (Oct-Nov)
§ 422 rock samples of Upland Valley
§ Engaged Lone Pine and Inyo County stakeholders:
§ Office in Lone Pine
§ Local employees and California PR support
Phase 2 – Drilling Program:
§ Additional 30 sites in East Zone (site of Phase 1
program)
§ Received Acceptance from BLM for Plan of
Operations for Phase 2 exploration program; to
begin NEPA process – March 23, 2021
Read their Presentation, link below.
www.k2gold.com
I am biased. I own shares. Do your own due diligence.
WIN.V -- Oversold; AI mining target generation similar to SPOT.VWIN.V is currently under pressure from the .06 financing paper that hit the market last week. A large part of it was likely pre-shorted. 65% retrace from the recent highs, RSI hitting oversold levels... it feels increasingly like capitulation.
This may not be the bottom but it makes for a very attractive entry (scaling in) below recent .35 private placement and insider open market buys in the .30s and .40s. The company will have steady news flow during the summer-fall drilling season. They are cashed up for 2+ years (per recent CEO interview). Do not be surprised if it follows SPOT.V trajectory which I called at .13 when it was bogged down by cheap PP paper and that ran up to .90 (7x) on subsequent rebound. Given insider commitment, strong cash position and consistent growth, WIN.V has similar potential, in my opinion.
The next HCMC type play?ABML corp is chilling near the 200 EMA. OTC might make me OCD on the juicy returns.
It looks like it's been consolidating once it bottomed near $1.
A lot of hype surrounding this stock, but hey it's good for the environment. Similar to Redwood Materials but this is hot right now and in Market.
RR ratio always needs to be 1:3+ for me
As per usual, this is a speculative play and just for fun. The closest imitation to HCMC I could muster. Except that was a gem and once off.
Have fun traders. OTC:ABML
(Disclaimer, not financial advice just my opinion)
WIN.V -- Oversold, on watch for a bounce...WIN.V is hitting oversold levels with some shares from earlier financing hitting the market but looks overdone. Could see oversold bounce.
Gold - Bullish Weekly Close Above Resistance !The breakout was confirmed, with a small pullback on the daily chart.
After a few months of consolidation, gold seems ready to test previous highs.
Technical analysis update: KGC (3rd May 2021)Bullish thesis is supported by crossover in Stochastics as it oscillates around low values. Furthermore, the RSI appears as it have already bottomed out and started its reversal to the upside. Fundamental factors in precious metals market are also in favor of gold minig stocks as price of gold is currently little below 1800 USD per ounce and continues to rise. Our medium term price target for Kinross Gold Corporation is 7.70 USD per share.
Disclaimer: This analysis is not intended to encourage buying or selling of any particular securities. Furthermore, it should not serve as basis for taking any trade action by individual investor. Your own due dilligence is highly advised before entering trade.
Hecla Mining - good buying spot if it can break 6.5 USD?Hecla Mining is in a fairly new upward trend and is now at the bottom of a rising trend channel. I would be looking to buy if the stock price can cross the small black bar - that is around 6.5 USD. It benefits from increasing silver and gold prices (which is seen in the increasing net income) and the company is the largest primary silver producer in the U.S. Earnings report is due in two days - so the cautious investors could wait for the report.
PLM, Cheap, Potential ReversalPLM, Daily, potential reversal: Bullish shark + Class A bullish divergence & double daily engulfing candlesticks. Stochs are crossing upward in the bullish control zone, too: big. Easy R:R management as this is a potential cycle bottom for metals and mining explorers.
COBALT ETF (ASX:JRV+ASX:COB+ASX:CLQ+ASX:CLA+ASX:AUZ+ASX:ARV) I've created a list of companies to represent the price of Cobalt Mining Stocks on the Australian Stock Exchange, similar to an ETF.
Cobalt appears to be in early stages of a market cycle with utility across high-growth technology/industrial sectors: electric vehicles (lithium-ion batteries), semiconductors, renewable energy, etc.
Please do your own research before making an investment decision, this is not financial or investment advice. Due diligence is important.
TA to Support FA as FireFinch set to Break Out on Big News EventFFX Looking to break through historical support as we break through short term resistance at 27.5c on near term news flow supported by Gold and Lithium sentiment with blue skies until we hit historical price support now walls as we look to retest 53c first test and 81.5c all time high.
A lot will depend on greater sharemarket movements but with a lithium demerger in a lithium bull and the upramping of the gold mill with an aggressive drill campaign shoring up greater reserves and grades its hard to see company specific news pushing the stock to align with the above T.A.
METALS - GXYModel Forecast for Galaxy Resources Ltd:
- Model has produced Line of Least Resistance Elliot Wave for GXY.
- Cup and Handle breakout.
- Galaxy Resources is a leading producer and developer of lithium.
- We are bullish on commodities, especially metals.
GLHF,
DPT
Disclaimer:
We absolutely do not provide financial advice in any shape or form. We do not recommend investing based on our opinions and strongly cautions that securities trading and investment involves high risk and that you can lose a lot of money. Loss of principal is possible. We do not recommend risking money you cannot afford to lose. We do not guarantee future performance nor accuracy in historical analyses. We are not registered investment advisors. Our ideas, opinions and statements are not a substitute for professional investment advice. We provide ideas containing impersonal market observations and our opinions. Our speculations may be used in preparation to form your own ideas.
Denison Mines, Blowing MindsDNN, 4h, This right-angled consolidation contains some scrubby harmonics excluded, so the headline here is the formation of higher lows on all 3 momentum oscs - MACD, RSI & Stoch - while the asset has held $1 essentially during. Continuation inferred by the Class B bullish divergence across the trio coupled with seller exhaustion makes a break of the 1.32 region critical for upside targets, so a formidable entry nearer the current range ensures proper R:R of 3.45/ 4.95 / 6.8. Our recent high serves as the first of the 3 overhead Fib targets with a break of the present range below the 0.382 retracement.
HEX CRYPTOCURRENCY. SAVINGS ACCOUNT ON A DIGITAL LEDGER > GOLDGOLD BUGS WEEP SOME MORE.
I THINK GOLD WILL CHUG ALONG INTO 2.5K RANGE BUT CMON ON MAN IT'S 2021
DUMP THE YELLOW BRICKS.
AG SILVER MAJESTIC (UPDATE)I abandon the boat, too Risky to me
if the price action test a new lower low very soon under the support zone, that could end up in a debacle.
Since yesterday i loose my confidence on Silver, fundamentals are not better than the chart.
We see a small recuperation today but still doing a lower high
if you have stomach you could wait t ´ll the end of the week to see what happens.
I ´m Neutral but more bearish than bullish, yesterday was a bad sign, maybe it is just a bear trap, so...
who knows
Thanks
Good Luck
Charlie
Rio tinto- time to mine itRio tinto is one of my fav mining stock. The stock was beaten recently by bears but last friday made a powerful comeback with gap up opening and increased volume. Indicator look bullish. in my opinion rio will move up to 85 and then there is a gap and it will fill it. Also weekly chart looks bullish it is providing a good entry point at this price.
This is not a trading advice, opinion are for education and entertainment
$NDM Descending Channel - Currently BearishBearish currently with lack of volume. Currently bouncing between support and resistance. Stay out of the chop and buy the break out. As this is the largest mine in North America the price will grow in time but short time plays are within reach as it grows. Long term potential is amazing!
Is Glencore in a cyclical trend? I love this chart from an educational perspective. Markets move in cycles. Some sectors tend to be more cyclical than others and the resource sector definitely fits into that categorization and we can see that in the chart.
So from a fundamental perspective, can one assume that Glencore has started a new cyclical trend? A great South African manager that i highly respect put out a note on their exposure to Glencore and relative underweight positions in other diversified miners such as BHP and Anglo. From a fundamental perspective, Glencore mines commodities such as copper, nickel and zinc, all of which have fundamental reasons why the demand in these commodities should increase over time. Copper looks a bit pricey at the moment, perhaps in need of a health pull back but over time it should increase in price.
The signals suggest that the price of Glencore should rise over the short-term, however, i think it may then undergo a healthy pullback before its next leg upwards.
So what is one to make of all of this? Well either buy in now and hold for the next 2-3 years or until the fundamentals change, perhaps taking profits at certain points on the way up, or wait for the pull back (if it occurs) and then buy in. In other words, buy in and hold or sit on your hands and wait.
Please like and follow for daily posts on various asset classes. Please also share your views on the trading ideas and whether or not you find them to be of any value to you as a trader.
Please note, this idea is shared for educational and discussion purposes only and should not result in speculative investment decisions in any asset class.
Westhaven Gold - reverse head & shoulders in the making?I like the mining sector. It's a sector that is so undervalued versus the general stock market that it almost a no-brainer to invest in it, especially now that the gold price seems to be bottoming out. This is the chart of Westhaven Gold, a gold explorer that has been beaten down for months and months, but the setup is beautiful for fans of classical charting. Entrance with a stoploss at 0.49. If the structure works out, this is a four-bagger based on neckline + (neckline -/- head).
GPL, Bullish Crab with Retest of Pattern Completion ZoneGreat Panther Mining has completed a bullish crab with a double retest of the 0.886 retracement from the recent Jan. 2021 swing low. The MACD is showing Class C Hidden Bullish Divergence which might play out to the upside. Entry is within the Pattern Completion Zone. Targets 1 & 2 coincide with points A) and C) of the harmonic structure, and the 1.618 Fib extension just for kicks. Time will tell.
