Regulus Resources Drilling Results, Pacific Empire Underway at Pinnacle

Mining Stock Daily will be taking a step back from the daily briefings in December, as we usually do, but will continue to publish corporate and in-depth interviews throughout the month. 

Welcome to Mining Stock Daily. 

Today is Tuesday, November 19th. 

This is Trevor Hall and I welcome you to today’s briefing. 

After falling $10 overnight to $1457, the December gold contract shot up $16 to $1473 on news that China would likely defer trade negotiations until after the 2020 election, a news tidbit that seems to have been overlooked by the stock market. The U.S. dollar did not ignore the news, as it sold off hard. The Mining Stock Journal added that it would appear that the markets across the board are anticipating that the Fed will eventually increase the rate at which it's printing money. Additionally, based on the ex-import duty premium to world gold price in India, the Indian public is buying gold hand-over-fist right now. This should lend support to prices of both gold and silver. The Mining Stock Journal noted that the gold/silver ratio held below its 200 day moving average for the 4th day in a row.

Today’s episode of Mining Stock Daily is brought you by Pacific Empire Minerals.

Pacific Empire Minerals Corp. is a junior exploration company focused on the discovery of gold-rich copper deposits in British Columbia, Canada. Pacific Empires’ unique approach to the prospect generator business model incorporates the Company’s own reverse circulation drill to advance projects beyond that of typical prospect generators. More information on Pacific Empire can be found at pemcorp.ca.

This morning the company announced that reverse circulation drilling was underway at the company’s wholly owned Pinnacle Porphyry project in Central BC. The project lies 50 km to the west of Centerra’s Mt. Milligan Mine. Pacific Empire will test 3 target areas at Pinnacle as a follow-up to previous exploration conducted by Oz Minerals back in 2015 and 2016. We will be sure to update you on those developments as they become available. Pacific Empire trades on the TSX Venture Exchange under the symbol PEMC and on the OTCQB markets under the symbol PEMSF. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2554-tsx-venture/pemc/69879-pacific-empire-announces-drilling-underway-at-pinnacle.html

And here’s what you need to know today out of the junior sector.

Regulus Resources announced the results from four additional drill holes from its Phase II expansion and infill drill program at the AntaKori copper-gold project in northern Peru. The company said holes 35 and 37 were successful in expanding the footprint of mineralization at AntaKori and provide further evidence to the Company’s theory that moving to the north of the property, the bulk of mineralized material contains low-arsenic skarn and porphyry hosted mineralization. Hole 35 did return .33% copper and .17 g/t gold over 625.3 meters for a .53% copper equivalent. Regulus Resources trades on the TSX Venture with REG and on the OTC markets with RGLSF. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1942-tsx-venture/reg/69871-regulus-reports-504-15-m-of-0-36-cu-0-19-g-t-au-2-91-g-t-ag-0-53-cueq-in-clean-low-arsenic-mineralization-at-the-antakori-copper-gold-project.html

Yamana Gold announced new  exploration results from the Cerro Moro mine in Argentina. The company said the results demonstrate a growing mineral resource base in new area that are expected to establish Cerro Moro as a long-life, high-quality, high-grade gold and silver operation. Drilling has led to the discovery of the Naty zone along with the extension of historically known veins not currently in the mine plan and not in the mineral resource. Results at the Naty Zone included 4.6 meters of 24.52 g/t gold and 113 g/t silver. For a full list of drill results from this new zone and other results from the core mine area, please refer to this morning’s news release which can be found at the Junior Mining Network newsroom. Yamana trades on the TSX with the symbol YRI and on the NYSE with the symbol AUY. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/763-tsx/yri/69874-yamana-gold-announces-discovery-of-new-high-grade-naty-zone-at-cerro-moro-and-significant-high-grade-results-from-new-exploration-drilling-while-extending-exploration-program-to-broader-cerro-moro.html

Velocity Mineral had drill results out this morning from 40 drill holes completed at the Rozino gold deposit in southeast Bulgaria. Velocity says exploration work on the 160 sq-km property and the Rozino sub-basin has identified a new target at South Zone. Highlights from todays results included 1.49 g/t gold over 25 meters and .93 g/t gold over 52.8 meters. Velocity Minerals trades on the Toronto Venture Exchange with VLC and on the OTC markets in the US with VLCJF. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/2174-tsx-venture/vlc/69873-velocity-announces-additional-positive-drill-results-at-rozino-gold-deposit-southeast-bulgaria.html

First Mining shared drill results from its Miller prospect on the company’s Goldlund property in Ontario. Drill results at Miller included 169 meters of .88 g/t gold and 123 meters of .86 g/t gold. 16 holes of the 32 drill hole program are awaiting results. The drill rig has now ben moved from Miller to the Goldlund Main zone which currently host an indicated resource of over 809,000 ounces of gold at a grade of 1.96 g/t gold. First Mining trades on the TSX with the symbol FF and on the OTCQX in the US with the symbol FFMGF. https://www.juniorminingnetwork.com/junior-miner-news/press-releases/1525-tsx/ff/69868-first-mining-intersects-7-27-g-t-gold-over-14-0-metres-at-the-goldlund-property.html

That is a wrap from us today. Thanks again for tuning in. If you have any questions or followups, please feel free to email me at trevor@clearcreekdigital.com. I’ll be sure to get back to you in a timely manner. 

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