Junior #MiningStocks Investor Checklist How to Avoid Common Mistakes -Part 1: Team

Junior mining stocks - small publicly-traded companies looking to hit the jackpot with a big discovery - are well-known for offering both extremely High Returns, with the correspondingly High Risk.

In  order to help the investor separate the wheat from the chaff among the universe of thousands of available companies out there, Visual Capitalist, in partnership with Eclipse Gold Mining, is putting together a five-part series on the mistakes investors commonly make when evaluating mining exploration stocks. 

The first instalment covers the Management Team, focusing on what to look for, including the characters you’ll want to avoid! 

The second part covers the Business Plan, or lack thereof!  The upcoming parts in the series will cover jurisdiction, project quality, and more.

From Visual Capitalist:

Management Team Checklist

If you’ve ever researched mining exploration stocks before, it doesn’t take long to realize that every company will talk about how “great” their team is.

Here’s a few steps to ensure that the team is actually great — and not filled with pretenders.

Step 1: Avoid the Bad Characters

The mining stock universe can be filled with interesting and amusing characters, but many of them are not there to generate you a return. Here are the personas you should aim to avoid:

1. 

   The Pump n’ Dumper

   Accumulates stock at insanely low prices, raises money, and then uses gray-area promotional strategies. Sells stock as soon as price is high enough to make a profit.

Bravo! Great Bear @greatBearGBR Drills 30.51 g/t #Gold Over 12.40 m at LP Fault $GBR.v

Great Bear Drills 30.51 g/t Gold Over 12.40 m at LP Fault

June 8, 2020 – Vancouver, British Columbia, Canada – Great Bear Resources Ltd. (the "Company" or "Great Bear", TSX-V: GBR; OTCQX: GTBAF) today reported results from its ongoing fully funded $21 million exploration program at its 100% owned flagship Dixie Project in the Red Lake district of Ontario.

Chris Taylor, President and CEO of Great Bear said, "The LP Fault continues to demonstrate excellent continuity of near-surface high-grade gold, and has just yielded the highest-grade, widest drill interval to date.  Deeper drilling towards the northwest margin of our planned grid program has also extended high-grade gold mineralization in this area.  Having completed our upsized private placement, we have over $50 million in cash and sufficient capital to continue aggressive drilling into 2022.  Updated exploration plans reflective of our ability to undertake an expanded fully-funded drill program will be provided in the near future."

The Company has completed 111 of approximately 300 planned drill holes into the LP Fault target, as part of its 5 kilometre long by 500 metre deep grid drill program.  Current drill hole locations and results are provided in Figure 1, and in Table 1, respectively.  An updated long section of the LP Fault drilling is provided in Figure 2.

Drill Results Highlights:

New drill hole BR-133 on section 20050 was completed in a 140 metre gap in drilling.  It contained multiple mineralized intervals, highlights of which include:

• 30.51 g/t gold over 12.40 metres, including 103.56 g/t gold over 1.10 metres, within a broader interval of 15.45 g/t gold over 25.15 metres, beginning at 163.35 metres down hole. Figure 3.
• This is the widest, highest-grade gold interval drilled at the LP Fault to date.  Mineralization is present at the bedrock surface.

#ETF #Gold holdings hit record high in May World @GoldCouncil $GLD

Gold holdings by ETF's reached an all-time high of 3,510 tons 

North American funds increased holdings by 102 tons, while those based in Europe added 45 tons, the WGC said. Asian-listed funds added 4.4 tons, while other regions had inflows of 2.6 tons.

Among individual ETFs, SPDR Gold Shares posted the biggest inflow, adding 67 tons, while iShares Gold Trust added 20 tons. Aberdeen Standard Physical Gold Shares led "low-cost" with an increase of 4.1 tons, the WGC said.
Meanwhile, two U.K.-based funds led European inflows: iShares Physical added 23.3 tons, while Invesco Physical Gold added 6.9 tons.

See the whole article here: https://www.kitco.com/news/2020-06-04/WGC-ETF-gold-holdings-hit-record-high-in-May.html