#Diamonds and diamond stocks - Solid results from #DeBeers global sightholder sale

We have been favouring diamond stocks already for a while. There are two companies going in production in Canada within weeks: Mountain Province Diamonds (MPV) in the Northwest Territories and Stornoway Diamond (SWY) in northern Quebec. Additionally the third largest diamond producers by value in the world, Dominion Diamond (DDC), is trading at a very low level and yields just over 4%.

 

We should also watch carefully Kennady Diamonds (KDI). The company controls 100% of the Kennady North diamond project immediately adjacent to the Gahcho Kué diamond mine currently being operated by De Beers (51%) and Mountain Province Diamonds (49%). Encouraging bulk sample results have been published in September. The company could potentially strike a deal with De Beers similar to the deal with Mountain Province Diamonds or MPV could be interested to take over Kennady Diamonds.

 

We believe all four stocks have great potential. Exciting times are ahead for these diamond companies.

 

- De Beers Reports Solid Results from Its 8^th Sight Sale of 2016: Scotiabank Diamond Analyst Craig Johnston this morning flagging that overnight, De Beers disclosed results from its eighth global sightholder sale of 2016, which closed last Thursday. The total provisional value of the sight was $485 million, above the ~$200 million (unconfirmed) value of the comparable sight in 2015 and lower than the $639 million value of last month's sight. Consistent with previous disclosure, De Beers did not discuss pricing. That said, Rapaport's diamonds.net noted that prices were "steady."

 

Source: De Beers/Anglo American Plc, Rapaport, Scotiabank GBM.

 

Results from the sight were slightly higher than De Beers' own expectations, which took into account normal seasonal demand patterns as well as the shortened time between this sight and the previous sight. Craig thinks the results could be reflective of manufacturers accelerating demand in order to cut and polish rough diamonds ahead of upcoming holidays and the seasonally strong sales period (near the end of the year). De Beers also noted that demand for rough diamonds within the sight continued to reflect the improved midstream trading environment as compared to last year.

Looks like @NuLegacy #Gold has found another #Carlin-type deposit in #Nevada $NULGF $NUG.V

2016 drilling returns 200 Meter #Gold intercept
Avocado Discovery Confirmed as Carlin-type Gold Deposit

~  ~

September 13, 2016 - Reno, NV - NuLegacy Gold Corporation is pleased to report that the assay results from hole AV-02 confirm the Avocado IP/Resistivity anomaly hosts a Carlin-type gold deposit. This is the second Carlin-type gold deposit (Iceberg being the first) discovered within NuLegacy's 100% owned 38 sq. mile Cortez-trend property (the Red Hill project) in Nevada.

Hole AV-02, located 1,750 meters north-west of the Iceberg gold deposit, has discovered a massive bloom of gold grading 0.26 g/t over 199.7 meters (655 feet) including 24 and 35 meter intervals of 0.5-gram material, and 10 and 13 meter intervals of better than 1.0-gram material (details in table below). The gold mineralization is continuous from a depth of 415 meters to the bottom of the hole at 615 meters (200 m interval).

Plan map link - http://nulegacygold.com/i/pdf/ppt/2016-09-06/2016-09-NUGPPT-page-30.pdf

"We are very encouraged by the results from Hole AV-02", says Dr. Roger Steininger NuLegacy's CGO, "This is the second Carlin-type gold system we have confirmed on the property. It is at the same depth as Barrick Gold's multi-million ounce Goldrush deposit just 9 km to the northwest and on trend with the Avocado and Iceberg depositsⁱⁱ. Compilation and reinterpretation of all available data is underway and additional IP geophysical lines are being surveyed to vector the next drilling for higher grade gold mineralization".

AV-02 is 120 meters north of AV-01 (reported 10/28/2014) which returned three anomalous (less than 0.1 g/t) gold intervals of 12, 20 and 35 meters encountered at 253, 331 and 419 meters respectively. These anomalous intervals are within the same black carbonaceous pyritic limestone material that hosts much of the gold mineralization in the deeper parts of Nevada's major Carlin-type gold deposits. The suite of anomalous trace elements present in the material in AV-01 (typical of large Carlin-type gold systems) indicated that higher grade gold mineralization should occur in the vicinity.

AV-02's higher grades and very thick gold-bearing horizon of 200+ meters together with the same classic trace elements suite indicates the possibility of much higher grade gold mineralization within the 2.5 km long and 1 km wide Avocado geophysical anomaly.

A complete review of all geophysical and geochemical data is underway to determine the exact locations of the next drill holes. Assays for exploration hole AV-03 are expected shortly; drilling to expand the Iceberg deposit continues.

 See the full news release here: News - Junior Gold Mining Stocks, Mining & Exploration Companies | Nulegacy Gold Corporation - Avocado Discovery Confirmed as Carlin-type Gold Deposit - Tue Sep 13, 2016




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The #DenverGold Show: World's Largest Gathering of Precious Commodity Investors and Equities to Meet in Colorado Springs

Denver Gold Show

DENVER, CO--(Marketwired - August 30, 2016) - The 27th annual Gold Forum convenes at The Broadmoor in Colorado Springs, CO on September 18-21. Presented every year since 1989, the Gold Forum showcases seven-eighths of the world's publicly traded gold and silver mining companies when measured by production or reserves. 

The Gold Forum has seeded tens of billions of dollars worth of sector transactions since inception thanks to its reputation for matching the world's leading investors with leading mining companies.

Offered for the first time will be an Introduction to the Gold Market and Gold Mining workshop on Wednesday September 21. 

Companies participating in the Forum are:

Company		Status		Primary Mineral		Primary Country		Exchange		Ticker
Acacia Mining		Producer		Gold		Tanzania		LSE		ACA
Agnico Eagle		Producer		Gold		Canada		TSX		AEM
Alacer Gold Corp.		Producer		Gold		Turkey		TSX		ASR
Alamos Gold		Producer		Gold		Canada		TSX		AGI
Alexco Resource Corp.		Developer		Silver		Canada		NYSE MKT		AXU
Almaden Minerals Ltd.		Developer		Gold		Mexico		TSX		AMM
Americas Silver Corp.		Producer		Silver		United States		TSX		USA
AngloGold Ashanti Ltd.		Producer		Gold		South Africa		NYSE		AU
Argonaut Gold Inc.		Producer		Gold		Mexico		TSX		AR
Asanko Gold		Producer		Gold		Ghana		TSX		AKG
ATAC Resources Ltd.		Explorer		Gold		Canada		TSXv		ATC
Atlantic Gold Corp.		Developer		Gold		Canada		TSXv		AGB
Aurcana Corp.		Developer		Silver		United States		TSXv		AUN
AuRico Metals		Royalty / Streaming		Gold		Canada		TSX		AMI
Auryn Resources		Explorer		Gold		Canada		TSXv		AUG
Avino Silver & Gold Mines Ltd.		Producer		Silver		Mexico		NYSE MKT		ASM
B2Gold Corp.		Producer		Gold		Nicaragua		TSX		BTO
Balmoral Resources		Explorer		Gold		Canada		TSX		BAR
Banro Corp.		Producer		Gold		Congo, Democratic Republic of		TSX		BAA
Barrick Gold Corp.		Producer		Gold		United States		NYSE		ABX
Beadell Resources		Producer		Gold		Brazil		ASX		BDR
Brixton Metals Corp.		Explorer		Silver		Canada		TSXv		BBB
Buenaventura		Producer		Gold		Peru		NYSE		BVN
Caledonia Mining		Producer		Gold		Zimbabwe		TSX		CAL
Calibre Mining		Explorer		Gold		Nicaragua		TSXv		CXB
Canarc Resource Corp.		Developer		Gold		Canada		TSX		CCM
Centamin plc		Producer		Gold		Egypt		LSE		CEY
Centerra Gold Inc.		Producer		Gold		Kyrgyzstan		TSX		CG
China Gold Int'l Resources		Producer		Gold		China		TSX		CGG
Coeur Mining, Inc.		Producer		Gold		United States		NYSE		CDE
Gran Colombia Gold		Producer		Gold		Colombia		TSX		GCM
Condor Gold		Explorer		Gold		Nicaragua		LSE		CNR
Contango Ore		Explorer		Gold		United States		OTC		CTGO
Continental Gold Inc.		Developer		Gold		Colombia		TSX		CNL
Crusader Resources		Developer		Gold				ASX		CAS
Detour Gold Corp.		Producer		Gold		Canada		TSX		DGC
Dominion Diamond Corp.		Producer		Diamond		Canada		TSX		DDC
Doray Minerals Ltd		Producer		Gold		Australia		ASX		DRM
Dundee Precious Metals		Producer		Gold		Bulgaria		TSX		DPM
Eastmain Resources		Explorer		Gold		Canada		TSX		ER
Eldorado Gold		Producer		Gold		Turkey		TSX		ELD
Endeavour Mining Corp.		Producer		Gold		Côte d'Ivoire		TSX		EDV
Endeavour Silver Corp.		Producer		Silver		Mexico		TSX		EDR
Eurasian Minerals		Royalty / Streaming		Gold		United States		NYSE MKT		EMXX
Euro Sun Mining Inc.		Developer		Gold		Romania		TSX		ESM
Euromax Resources		Developer		Gold		Macedonia		TSX		EOX
Evolution Mining		Producer		Gold		Australia		ASX		EVN
Exeter Resource Corp.		Developer		Gold		Chile		NYSE MKT		XRA
First Majestic Silver Corp.		Producer		Silver		Mexico		NYSE		AG
First Mining Finance		Developer		Gold		Canada		TSXv		FF
Fortuna Silver Mines Inc.		Producer		Silver		Mexico		TSX		FVI
Franco-Nevada		Royalty / Streaming		Gold		Canada		TSX		FNV
Fresnillo plc		Producer		Silver		Mexico		LSE		FRES
GFG Resources		Explorer		Gold		United States		Private
GoGold Resources		Producer		Silver		Mexico		TSX		GGD
Gold Fields Ltd.		Producer		Gold		Ghana		NYSE		GFI
Gold Resource Corp.		Producer		Gold		Mexico		NYSE		GORO
Gold Road Resources		Explorer		Gold		Australia		ASX		GOR
Gold Standard Ventures Corp.		Explorer		Gold		United States		NYSE MKT		GSV
Goldcorp Inc.		Producer		Gold		Canada		NYSE		GG
Golden Predator		Explorer		Gold		Canada		TSXv		GPY
Golden Queen		Producer		Gold		United States		TSX		GQM
Golden Star Resources Ltd.		Producer		Gold		Ghana		NYSE MKT		GSS
Great Panther Silver Ltd.		Producer		Silver		Mexico		TSX		GPR
Guyana Goldfields Inc.		Producer		Gold		Guyana		TSX		GUY
Harmony Gold Mining Co. Ltd.		Producer		Gold		South Africa		JSX		HAR
Hecla Mining Company		Producer		Silver		United States		NYSE		HL
Hochschild Mining plc		Producer		Silver		Peru		LSE		HOC
IAMGOLD Corp.		Producer		Gold		Burkina Faso		TSX		IMG
Independence Group		Producer		Gold		Australia		ASX		IGO
Integra Gold		Explorer		Gold		Canada		TSXv		ICG
International Tower Hill Mines Ltd.		Explorer		Gold		United States		NYSE		THM
Ivanhoe Mines		Developer		Platinum		South Africa		TSX		IVN
J Resources		Producer		Gold		Indonesia		IDX		PSAB
Jaguar Mining Inc.		Producer		Gold		Brazil		TSX		JAG
Kingsgate		Producer		Gold		Thailand		ASX		KCN
Kinross Gold Corp.		Producer		Gold		United States		TSX		K
Kirkland Lake Gold Inc.		Producer		Gold		Canada		TSX		KGI
Klondex Mines		Producer		Gold		United States		TSX		KDX
Luna Gold Corp.		Developer		Gold		Brazil		TSX		LGC
Lundin Gold		Developer		Gold		Ecuador		TSX		LUG
Lydian International		Developer		Gold		Armenia		TSX		LYD
MAG Silver Corp.		Developer		Silver		Mexico		TSX		MAG
Mandalay Resources Corp.		Producer		Gold		Chile		TSX		MND
Mariana Resources Ltd.		Explorer		Gold		Turkey		LSE		MARL
Marlin Gold Mining		Producer		Gold		Mexico		TSXv		MLN
McEwen Mining Inc.		Producer		Gold		Mexico		NYSE		MUX
Metals X		Producer		Gold		Australia		ASX		MLX
Metminco Limited		Developer		Gold		Colombia		ASX		MNC
Midas Gold Corp.		Developer		Gold		United States		TSX		MAX
Mountain Province Diamonds		Developer		Diamond		Canada		TSX		MPV
Mundoro Capital Inc.		Explorer		Gold		Serbia		TSXv		MUN
Nautilus Minerals		Developer		Copper		Papua New Guinea		TSX		NUS
Nevsun Resources Ltd.		Producer		Copper		Eritrea		TSX		NSU
New Gold Inc.		Producer		Gold		Canada		TSX		NGD
NewCastle Gold		Explorer		Gold		United States		TSXv		NCA
Newcrest Mining Ltd.		Producer		Gold		Australia		ASX		NCM
Newmarket Gold		Producer		Gold		Australia		TSX		NMI
Newmont Mining Corp.		Producer		Gold		United States		NYSE		NEM
NGEx Resources		Explorer		Copper		Chile		TSX		NGQ
Nordgold		Producer		Gold		Burkina Faso		LSE		NORD
Northern Dynasty Minerals		Developer		Copper		United States		TSX		NDM
Northern Star Resources Limited		Producer		Gold		Australia		ASX		NST
Northern Vertex Mining Corp.		Developer		Gold		United States		TSXv		NEE
NOVAGOLD		Developer		Gold		United States		NYSE MKT		NG
OceanaGold Corp.		Producer		Gold		Philippines		TSX		OGC
Orca Gold Inc.		Explorer		Gold		Sudan		TSXv		ORG
OreCorp Ltd.		Developer		Gold		Tanzania		ASX		ORR
Osisko Gold Royalties Ltd.		Royalty / Streaming		Gold		Canada		TSX		OR
Pan American Silver Corp.		Producer		Silver		Mexico		NASDAQ		PAAS
Paramount Gold Nevada		Explorer		Gold		United States		NYSE MKT		PZG
Perseus Mining Ltd.		Producer		Gold		Ghana		ASX		PRU
Pershing Gold		Developer		Gold		United States		NASDAQ		PGLC
Pilot Gold Inc.		Explorer		Gold		United States		TSX		PLG
Platinum Group Metals Ltd.		Producer		Platinum		South Africa		TSX		PTM
Polymetal		Producer		Gold		Russian Federation		LSE		POLY
Polyus		Producer		Gold		Russian Federation		MOEX		PLZL
Premier Gold Mines Ltd.		Developer		Gold		Canada		TSX		PG
Pretium Resources Inc.		Developer		Gold		Canada		TSX		PVG
Primero Mining Corp.		Producer		Gold		Mexico		TSX		P
Probe Metals Inc.		Explorer		Gold		Canada		TSXv		PRB
Pure Gold Mining		Explorer		Gold		Canada		TSXv		PGM
Ramelius Resources Ltd.		Producer		Gold		Australia		ASX		RMS
Randgold Resources		Producer		Gold		Mali		LSE		RRS
Red 5 Ltd.		Producer		Gold		Australia		ASX		RED
Red Eagle Mining		Developer		Gold		Colombia		TSXv		RD
Regis Resources Ltd.		Producer		Gold		Australia		ASX		RRL
Resolute Mining Ltd.		Producer		Gold		Mali		ASX		RSG
Richmont Mines Inc.		Producer		Gold		Canada		TSX		RIC
RNC		Producer		Gold		Australia		TSX		RNX
Roxgold Inc.		Producer		Gold		Burkina Faso		TSXv		ROG
Royal Gold Inc.		Royalty / Streaming		Gold		Canada		NASDAQ		RGLD
RTG Mining		Explorer		Gold		Philippines		TSX		RTG
Sabina Gold & Silver Corp.		Developer		Gold		Canada		TSX		SBB
Sandstorm Gold		Producer		Gold		Canada		TSX		SSL
Saracen Mineral Holdings Ltd.		Producer		Gold		Australia		ASX		SAR
Seabridge Gold		Explorer		Gold		Canada		NYSE		SA
SEMAFO		Producer		Gold		Burkina Faso		TSX		SMF
Sibanye Gold Ltd.		Producer		Gold		South Africa		JSX		SGL
Sierra Metals Inc.		Producer		Silver		Peru		TSX		SMT
Silver Standard Resources Inc.		Producer		Gold		United States		NASDAQ		SSRI
Silver Wheaton		Royalty / Streaming		Silver		Cayman Islands		NYSE		SLW
St Barbara Ltd.		Producer		Gold		Australia		ASX		SBM
Stillwater Mining Company		Producer		Palladium		United States		NYSE		SWC
Stornoway Diamond		Developer		Diamond		Canada		TSX		SWY
Tahoe Resources Inc.		Producer		Silver		Guatemala		TSX		THO
Teranga Gold		Producer		Gold		Senegal		TSX		TGZ
Timmins Gold Corp.		Producer		Gold		Mexico		TSX		TMM
TMAC Resources Inc.		Developer		Gold		Canada		TSX		TMR
Torex Gold Resources Inc.		Producer		Gold		Mexico		TSX		TXG
Tristar		Explorer		Gold		Brazil		TSXv		TSG
Victoria Gold Corp.		Developer		Gold		Canada		TSXv		VIT
Vista Gold Corp.		Developer		Gold		Australia		NYSE MKT		VGZ
Volcan Compañía Minera		Producer		Silver		Peru		BVL		VOLCABC1
Wallbridge		Developer		Gold				TSX		WM
Wellgreen Platinum		Developer		Platinum Group		Canada		TSX		WG
Wesdome		Producer		Gold		Canada		TSX		WDO
West African Resources		Developer		Gold		Burkina Faso		ASX		WAF
Western Copper and Gold		Developer		Gold		Canada		TSX		WRN
Yamana Gold		Producer		Gold		Brazil		TSX		YRI

Note to editors: 

.

World's Largest Gathering of Precious Commodity Investors and Equities to Meet in Colorado Springs:



The...



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