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January 15, 2020

"Ratio of share price-to-free cash flow among senior #Gold #Miners...still hasn’t caught up to the gold price...more room to run" for #miningstocks $GDX $GLD

Larger gold miners' valuations may have room to expand


"The price increase, combined with capital discipline among the larger miners, is generating a bonanza of free cash flow while mergers could spark share gains among smaller players, according to five precious metals fund managers interviewed by Bloomberg.

"After more than $20 billion in mergers and acquisitions among large-cap miners last year, small and medium-sized companies could be next, providing another reason to buy."


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MasterMetals
@MasterMetals

January 14, 2020

#Azimut’s #Elmer delivers long, shallow #Gold intercepts in #Quebec’s James Bay.

  • 108.2 metres of 2.84 g/t gold starting from 34 metres in hole 3 (intercept includes several shorter high-grade intervals including 4.7 metres of 27.36 g/t gold);
  • 102 metres of 3.15 g/t gold starting from 34 metres 

QUEBEC – Azimut Exploration’s first seven drill holes at its Elmer property in the James Bay region of Quebec have returned long intercepts of gold mineralization, including 102 metres of 3.15 g/t gold.
Highlights from the 996-metre drill campaign, which was conducted at the Patwon prospect at Elmer, include:
  • 108.2 metres of 2.84 g/t gold starting from 34 metres in hole 3 (intercept includes several shorter high-grade intervals including 4.7 metres of 27.36 g/t gold);
  • 102 metres of 3.15 g/t gold starting from 34 metres depth in hole 2 (intercept includes several higher-grade intervals including 9 metres of 5.15 g/t gold and 20.5 metres of 10.1 g/t gold); and
  • 97 metres of 1.68 g/t gold from 5 metres depth in hole 4 (including 15.5 metres of 4.16 g/t gold, 5.5 metres of 7.85 g/t gold and other high-grade intersections).
Azimut considers the intercepts the most significant gold exploration results in the James Bay region since the discovery of the Éléonore gold deposit in 2004. The Patwon prospect is part of a larger 7-km-long target zone at Elmer. The company is conducting an induced polarization geophysics survey in the discovery area in preparation for a more comprehensive drill program.
Azimut says the results show that gold-bearing mineralization occurs in veins in three different orientations. So far, mineralization has been traced over 200 metres with a width at surface of 50 to 70 metres, and to 100 metres depth, where it remains open.
The company staked the Elmer property and the adjacent Duxbury property based on its proprietary predictive gold modelling technology AZtechMine.
For more detailed results, visit www.azimut-exploration.com 
GOLD: Elmer delivers long, shallow intercepts for Azimut - Canadian Mining Journal

January 12, 2020

#Gold & #Silver Bull Market Full Steam Ahead- even with the latest pullback!

This was originally set to be published on Jan. 6, 2020

Happy Golden New Year to All!!  May the wind be at your back! 

Due to New Year holidays Net Commitments of Gold and Silver Traders and the KITCO Gold Survey were not published. The statistics of the Christmas week were published and showed large speculators were increasing their long positions and commercial dealers expanding their short positions.

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