Maritime Resources Releases Initial Assays From Whisker Valley Field Samples
Maritime Resources (TSXV: MAE) this morning announced results from sampling of high grade mineralization in bedrock and float samples at its Whiskey Valley Project, located in the Baie Verte Mining District of Newfoundland. Field sampling of the projects high grade boulder field returned values as high as 75.80 g/t gold, 35.20 g/t silver and 0.75% […]
Relay Medical Sees First Deployment of Fionet Software To Track COVID-19
Relay Medical (CSE: RELA) last night identified a significant development for its joint venture with Fio Corporation, announcing that delivery of its first Fionet COVID-19 tracking software has occurred. The software was delivered to the Meru County Ministry of Health, which operates in Meru County, Kenya. Under the terms of the arranagement, the joint ventures […]
Garibaldi Assays 0.56% Nickel, 0.61% Copper Over 151.6 Meters At Nickel Mountain
Garibaldi Resources (TSXV: GGI) this morning released its latest drill results from its 2020 exploration program at its flagship E&L Nickel Mountain project within BC’s Golden Triangle. Highlights from the latest assays include 151.66 metres of 0.56% nickel and 0.61% copper. The drill program managed to extend the known strike length of mineralization on the […]
Eric Sprott Invests $78 Million In First Majestic Silver
Eric Sprott is evidently a fan of First Majestic Silver (TSX: FR) (NYSE: AG), with it being announced this evening that he will be investing C$78.0 million in the company via a private placement conducted solely for him. The investment will be conducted via 2176423 Ontario Ltd, a corporation in which he owns. The private […]
Federal Government’s Deficit Balloons to Record $120.4 Billion As Income Support Programs Surpass Budget
It appears that Canadians are in for a challenging road ahead, as the country’s budget deficit balloons to a record $120.4 billion for the three months ending in June – the biggest shortfall Canada has ever run. Since the onset of the pandemic, the federal government has implemented a series of programs to help mitigate […]
Canaccord Genuity Initiates Coverage On Artemis Gold With C$13 Price Target
Canaccord Genuity initiated coverage on Artemis Gold (TSXV: ARTG) this morning with a Speculative Buy rating and a C$13 price target. Coverage was initiated after Artemis acquired the 12 million ounce Blackwater project from New Gold for consideration of $210 million. The transaction will see $140 million paid in the form of cash up front. […]
US Labour Market Recovery Receding as Weekly Jobless Claims Surpass Estimates
It appears that recent jobless claims painfully missed optimistic estimates, suggesting that the US labour market is struggling to get out of a now-stagnant recovery. According to the latest Department of Labour data on weekly initial jobless claims, the week ending on September 5 was the subject of another week of 884,000 new claims, significantly […]
Nikola Short: Hindenburg Takes on The Electric Truck Company
This morning Nikola (NASDAQ: NKLA) shareholders woke up to news that the company was the latest target of Hindenberg Research. In the report, the research firm gathered evidence including recorded phone calls, text messages, private emails and images detailing dozens of false statements by Nikola Founder Trevor Milton. Some of the high level points in […]
West Red Lake Announces Fall Drill Program At NT Zone
West Red Lake Gold Mines (CSE: RLG) this morning announced that it is currently planning a summer drill program for its Rowan Gold property. Further, a 100 kilometre airborne magnetic survey has commenced on the property, focusing on the intersection of the NT Zone with the Pipestone Bay St Paul Deformation Zone. The magnetic survey […]
US Job Openings Surge by 6.6 Million in July, While Hirings Plunge to New Lows: What Is Going On?
As the US Bureau of Labour Statistics finally publishes the results of its painfully late job openings and labor turnover survey (JOLTS), it appears that America’s labour market has surpassed previous expectations – or so it seems. The total number of job openings across the country surpassed 6.6 million by the end of July, which […]