Large-scale Exploration, Significant Discovery Potential in Quebec and Alaska
KLD:CA
TSXV:KLD
Overview
Many exploration companies focus on making discoveries by acquiring and drilling properties where historical mines had previously operated, or where other occurrences have been known about. However, one company suggests that a significant opportunity exists to make completely new greenfields discoveries through large-scale systematic exploration in otherwise under-explored regions of world-class mining districts.
Kenorland Minerals Ltd. (TSXV:KLD,OTCQX: NWRCF,FSE: 3WQ0) is a Canada-based mineral exploration company that is focused on making new discoveries through large-scale early-stage exploration within Quebec and Alaska, two of the world's most geologically prospective mining jurisdictions. The company is led by an experienced team of geoscientists with a deep understanding of mineral systems and exploration methodology. Kenorland's approach to exploration is simple: Identify under-explored areas within proven mineral districts, acquire large land positions covering prospective geology, and carry out large-scale, systematic exploration to screen these areas for new mineral deposits. The approach is not novel but the scale at which the company is exploring sets them apart from their peers. The company currently holds and is exploring over 400,000 hectares of ground in these world renowned jurisdictions.
Kenorland Minerals' Company Highlights
Well-funded with over $9,500,000 cash in the treasury.
Tight share structure with large insider ownership and strong long term shareholders including Quebec-based institutional funds and well-known financiers including John Tognetti and Paul Stephens.
Exposure to a vast portfolio of exploration ground with over 400,000 hectares of mineral tenure within Alaska, Quebec and Manitoba.
Earn-in agreements with Sumitomo Metal Mining and Newmont Corporation funding exploration on greenfields projects in Quebec.
The company recently made a major gold discovery in Quebec in an area with no known previous exploration. Initial scout drilling in early 2020 intersected 29.08 meters at 8.47 g/t gold and 11.13 meters at 18.43 g/t gold. Drilling continuing in Q1 2021.
Significant discovery potential on the Healy property which covers a newly recognized large-scale gold system in the Goodpaster district of Alaska. Initial diamond drill testing in Summer 2021.
Further significant discovery potential on Kenorland's 100 percent owned Tanacross Project, located in eastern Alaska, which covers a significant cluster of porphyry copper-gold systems. Drilling planned for Summer 2021.
A total of three projects being drill tested in 2021 as well as a pipeline of additional projects being advanced through systematic exploration. Continual project generation and evaluation of new opportunities.
Kenorland acquired district-scale land package in Ontario's Birch-Uchi Greenstone Belt by staking, 65,657 hectares of mineral claims.
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*Disclaimer: This profile is sponsored by Kenorland Minerals ( KLD:CA ). This profile provides information which was sourced by the Investing News Network (INN) and approved by Kenorland Minerals in order to help investors learn more about the company. Kenorland Minerals is a client of INN. The company's campaign fees pay for INN to create and update this profile.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Kenorland Minerals and seek advice from a qualified investment advisor.
With the general markets in turmoil, Mercenary Geologist Mickey Fulp sees few places to turn.
"It's a difficult situation," he said at the recent Vancouver Resource Investment Conference (VRIC). "I am very bearish, not necessarily on commodity prices, but on the whole resource space and the ability of companies to explore, develop, produce — there's a variety of factors against that right now."
Those include resource nationalism, socialism, anti-development initiatives and green agendas, Fulp explained. Meanwhile, mining companies are seeing energy and labor costs pushed up by inflation.
"The cost margins, profit margins, are going to decrease," he told the Investing News Network. "I don't foresee the kind of profitability we had in Q3 of 2020 — all-time records highs. That was really when we had very high prices for base and precious metals, but costs had not caught up — we didn't have the rampant inflation."
Speaking about where he does see opportunity, Fulp pointed to two key areas.
"I'm always bullish on something. I'm bearish on the markets, (but) I'm bullish on gold — physical bullion — and farmland right now. I am basically exiting the junior resource space at every opportunity where I can take profits, break even," he said. "Or I'll do some tax-loss selling at year end and convert that to US dollars."
Despite that bearish take, Fulp did offer one stock pick: Nevada-focused Allegiant Gold (TSXV:AUAU,OTCQX:AUXXF).
Watch the interview above for more from Fulp on the resource space and his advice for investing during volatile times. You can also click here for our full VRIC playlist on YouTube.
Don't forget to follow us @INN_Resource for real-time updates!
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
Editorial Disclosure: The Investing News Network does not guarantee the accuracy or thoroughness of the information reported in the interviews it conducts. The opinions expressed in these interviews do not reflect the opinions of the Investing News Network and do not constitute investment advice. All readers are encouraged to perform their own due diligence.
Former US President Donald Trump was keen on returning to the gold standard, but could the US really bring it back? We look at whether it’s possible.
The gold standard hasn’t been used in the US since the 1970s, but when Donald Trump was president there was some speculation that he could bring it back.
Rumors that the gold standard could be reinstated during Trump’s presidency, which ran from 2017 to 2021, centered largely on positive comments he made about the idea. Notably, the former US president suggested that it would be “wonderful” to bring back the gold standard, and a number of his advisors were of the same mind — Judy Shelton, John Allison and others also expressed support for the concept.
With Trump now out of office, is the US likely to return to the gold standard? And what would it mean if that happened? Read on to learn what the gold standard is, why it ended, what Trump said about bringing it back — and of course what could happen if it ever came into play again.
What is the gold standard?
What is the gold standard and how does it work? Put simply, the gold standard is a monetary system in which the value of a country’s currency is directly linked to the yellow metal. Countries using the gold standard set a fixed price at which to buy and sell gold to determine the value of the nation’s currency.
For example, if the US went back to the gold standard and set the price of gold at US$500 per ounce, the value of the dollar would be 1/500th of an ounce of gold. This would offer reliable price stability.
By introducing the gold standard, transactions no longer have to be done with heavy gold bullion or gold coins. The gold standard also increases the trust needed for successful global trade — the idea is that paper currency has value that is tied to something real. The goal of this type of monetary policy is to prevent inflation as well as deflation, and to help promote a stable monetary environment.
When was the gold standard introduced?
The gold standard was first introduced in Germany in 1871, and by 1900 most developed nations, including the US, were using it. The system remained popular for decades, with governments worldwide working together to make it successful, but when World War I broke out it became difficult to maintain. Changing political alliances, higher debt and other factors led to a widespread lack of confidence in the gold standard.
When was the gold standard replaced and what replaced it?
The demise of the gold standard began as World War II was coming to an end.
At this time, the leading western powers met to develop the Bretton Woods agreement, which ultimately became the framework for the global currency markets until 1971.
The Bretton Woods agreement was born at the UN Monetary and Financial Conference, held in Bretton Woods, New Hampshire, in July 1944. Under the deal, currencies were pegged to the price of gold, and the US dollar was seen as a reserve currency linked to the price of gold. This meant that all national currencies were valued in relation to the US dollar since it had become a dominant reserve currency.
Despite valiant efforts from governments at the time, the Bretton Woods agreement led to overvaluation of the US dollar, which caused concerns over exchange rates and their ties to the price of gold.
By 1971, President Richard Nixon had called for a temporary suspension of the dollar’s convertibility. Countries were then free to choose any exchange agreement, except the price of gold. In 1973, foreign governments let currencies float; this put an end to Bretton Woods, and the gold standard was ousted.
From the 1970s to today, most countries have run on a system of fiat money, which is money issued by the government that is not backed by a commodity. The value of money is set by supply and demand for paper money, as well as supply and demand for other goods and services in the economy. The prices for those goods and services, including gold and silver, can fluctuate based on market conditions.
What has Trump said about the gold standard?
While it’s perhaps not common knowledge, Trump has long been a fan of gold. In fact, as Sean Williams of the Motley Fool has pointed out, Trump has been interested in gold since at least the 1970s, when private ownership of gold bullion became legal again. He reportedly invested in gold aggressively at that time, buying the precious metal at about US$185 and selling it between US$780 and US$790.
Since then, Trump has specifically praised the gold standard. In an oft-quoted 2015 GQ interview that covered topics from marijuana to man buns, Trump said, “Bringing back the gold standard would be very hard to do, but boy, would it be wonderful. We’d have a standard on which to base our money.”
In a separate interview from the same year, he said, “We used to have a very, very solid country because it was based on a gold standard.”
According to Politico’s Danny Vinik, “(Trump has) surrounded himself with a number of advisors who hold extreme, even fringe ideas about monetary policy. … At least six … have spoken favorably about the gold standard.” Shelton and Allison, mentioned above, are not alone. Others include Ben Carson and David Malpass. The last two, Rebekah and Robert Mercer, eventually distanced themselves from Trump, but had a strong influence before that.
Emphasizing how unusual Trump’s support for the international gold standard is, Joseph Gagnon, a senior fellow at the Peterson Institute for International Economics, told the news outlet, “(It) seems like nothing that’s happened since the Great Depression.” Gagnon, who has also worked for the US Federal Reserve, added, “You have to go back to Herbert Hoover.”
Back in 2017, Politico also quoted libertarian pundit Ron Paul, another supporter of the gold standard, as saying, “We’re in a better position than we’ve ever been in my lifetime as far as talking about serious changes to the monetary system and talking about gold.”
Aside from the company Trump has kept, newsletter writer Jay Taylor has pointed out that his tariffs and Iranian sanctions could have been motivated by an attempt to reduce the trade deficit and in effect claw the dollar back to US soil. Taylor argued that Trump’s efforts would have been more effective if the gold standard was restored.
What would it take to return to the gold standard?
Trump’s four years as president passed without a return to the gold standard, and the consensus seems to be that it’s highly unlikely this event will come to pass. For the most part, even the most ardent supporters of the gold standard recognize that going back to it could create trouble.
As per the Motley Fool’s Williams, economists largely agree that moving to a lower-key version of the gold standard in 1933 was “a big reason why the US emerged from the Great Depression,” and a return would be a mistake.
But if a future president did decide to go through with it, what would it take? According to Kimberly Amadeo at the Balance, due to trade, money supply and the global economy, the rest of the world would need to go back to the gold standard as well. Why? Because otherwise the countries that use the US dollar could stand with their hands out asking for their dollars to be exchanged for gold — including debtors like China and Japan, to which the US owes a large chunk of its multi-trillion-dollar national debt.
That wouldn’t be too big of an issue if it weren’t for the fact that the US doesn’t have enough gold in its reserves to pay it all back. So for a US president to unilaterally return the country to the gold standard, the country would have to exponentially replenish its gold reserves in advance.
In addition, Money Morning’s David Zeiler has suggested that returning to the gold standard would require the price of gold to be set much higher than it is currently. “West Shore Group Chief Global Strategist Jim Rickards has calculated the gold price would jump up to US$10,000 an ounce,” he said.
That means the US dollar would be “severely devalued,” causing inflation, and since global trade relies on the US dollar as a reserve currency, trade would “grind to a halt.” Conversely, returning to the gold standard and keeping the gold price low would cause deflation.
What would happen if the US returned to the gold standard?
Going back to the gold standard would have a huge impact on the US economy. For one thing, it would make it impossible for the Fed to offer fiscal stimulus. After all, if the US had to have enough gold reserves to exchange for dollars on an as-needed basis, the Fed’s ability to print paper currency would be incredibly limited.
Supporters believe that could be the perfect way to get the US out of debt, but it could also cause problems during times of economic crisis. It’s important to remember that because 68 percent of the US economy is based on consumer spending, if inflation rose due to the gold price rising, then a lot of consumers would cut spending. That would then affect the stock market as well, which could very well lead to a recession or worse without the ability of the government to soften that blow via money supply.
That means that a return to the gold standard would also expose the US economy to the yellow metal’s sometimes dramatic fluctuations — while some think that gold would offer greater price stability, it’s no secret that it’s been volatile in the past. Looking back past the metal’s recent stability, it dropped quite steeply from 2011 to 2016.
As can be seen, returning to the gold standard would be a complex ordeal with many pros and cons associated. The likelihood of the US bringing back the gold standard is slim, but no doubt the question will continue to be up for debate under future presidents.
This is an updated version of an article first published by the Investing News Network in 2017.
Don’t forget to follow us @INN_Resource for real-time news updates!
Securities Disclosure: I, Melissa Pistilli, hold no direct investment interest in any company mentioned in this article.
CEO James Macintosh noted, “So the mineralization, now we've confirmed, goes from surface down to over 250 meters. This is a huge success in the Phase 3 drilling, so we're pretty excited.”
Graycliff Exploration CEO James Macintosh: Significant Results from Shakespeare Gold Projectyoutu.be
“They're all good results, we've extended the depth of the mineralization by over 50 meters, we've extended the width of the mineralization and we're getting some very significant numbers, as high as 46 grams per tonne (g/t) over 5 meters," commented Macintosh.
He further shared, “We also did some channel sampling at surface, just to confirm that the mineralization does extend to surface, and we got up to 137 g/t over about three-quarters of a meter and 54 g/t over half a meter. So the mineralization, now we've confirmed, goes from surface down to over 250 meters. This is a huge success in the Phase 3 drilling, so we're pretty excited.”
Macintosh detailed the company's exploration plans for the Baldwin project, which is located directly east of the Shakespeare gold project. “(We're planning) regional field sampling and maybe even some till sampling as there is some overburden, and then following it up with a drill program later on in the year.”
Macintosh also shared his vision for the Baldwin project: “This is the kind of project that when we decide to develop it, or sell it to a company that will develop it, it will be extremely, extremely favorable conditions.”
Graycliff Exploration released assay results from Shakespeare in May 2022, reporting that drill hole J-31 intersected 20.52 g/t gold over 2 meters, including 39 g/t gold over 1 meter.
Watch the full interview of Graycliff Exploration President James Macintosh above.
Disclaimer: This interview is sponsored by Graycliff Exploration (CSE:GRAY,FWB:GEO,OTCQB:GRYCF). This interview provides information that was sourced by the Investing News Network (INN) and approved by Graycliff Exploration in order to help investors learn more about the company. Graycliff Exploration is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Graycliff Exploration and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
Constantine Metal Resources CEO Garfield MacVeigh stated, “We’re looking at five years to get us to feasibility.”
Constantine Metal Resources CEO Garfield MacVeigh: Kicking Off Our $18Million Program at Palmeryoutu.be
Constantine Metal Resources (TSXV:CEM) CEO Garfield MacVeigh discussed the company’s progress on its three key projects, beginning with the flagship Palmer project in Alaska, a copper-zinc-silver-gold-barite project.
"We have an US$18 million construction program this year," he said. "It will prepare us for underground exploration development next year, establish some of our hydrological system for water discharge and put a construction camp in place. Some ongoing exploration is also planned. We’re looking at five years to get us to feasibility.”
Speaking about Constantine Metal Resources’ second project, MacVeigh noted past discoveries of over 80,000 ounces of gold at the Porcupine Creek area, adjacent to its flagship Alaskan zone. "Big Nugget is in the very early stage. We've documented the historic showings, relocated them, resampled them and did a soil sampling survey that identified a really nice target — so it's ready to drill, but it's an early stage project."
Discussing the Hornet Creek property in Idaho, Macveigh noted, “It’s a (volcanogenic massive sulfide) project with a possible copper porphyry environment, very similar in age to Palmer. We have a real high comfort level — it looks like a very big zone. We're doing some compilation work right now to also put some federal permits in place. It would be nice to be able to do some of that drilling a little later in the year.”
The CEO also discussed the company as an investment opportunity. “We're a group that's made real greenfield discoveries at Palmer and built resources there that look like they have a good chance to be a mine. At the same time, we've been consistently able to identify other opportunities that have also led to value for our shareholders.”
Watch the full interview of Constantine Metal Resources CEO Garfield MacVeigh above.
Disclaimer: This interview is sponsored by Constantine Metal Resources (TSXV:CEM). This interview provides information which was sourced by the Investing News Network (INN) and approved by Constantine Metal Resources in order to help investors learn more about the company. Constantine Metal Resources is a client of INN. The company’s campaign fees pay for INN to create and update this interview.
INN does not provide investment advice and the information on this profile should not be considered a recommendation to buy or sell any security. INN does not endorse or recommend the business, products, services or securities of any company profiled.
The information contained here is for information purposes only and is not to be construed as an offer or solicitation for the sale or purchase of securities. Readers should conduct their own research for all information publicly available concerning the company. Prior to making any investment decision, it is recommended that readers consult directly with Constantine Metal Resources and seek advice from a qualified investment advisor.
This interview may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, receipt of property titles, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The issuer relies upon litigation protection for forward-looking statements. Investing in companies comes with uncertainties as market values can fluctuate.
