SPECIAL Buy 1 oz. Silver Rounds
Don't Be Fooled
Just because the price of gold has stumbled a bit does not mean that the gold bull run is over. Quite the opposite. Nothing in stocks goes straight up without a leveling off or consolidation. Now is a great time to aquire quality mining stock or better yet, mining claims. Take a look at some of the mining claims that are being listed.
GOLD. Kern County California
160 acres, BLM land. 3 continuos claims, one 80 acre, and two 40 acre claim. 1 mile SW of Summit Diggins in Kern County, California. Rich area, and historic mining area.
Surface samples show promising results, Au .031, .066, and .089 oz/ton. Estimate over 2 million yards of material.
Asking $35,000 for all 3, or will sell individually.
May 7 Marks Six Years Online
It was six years ago today that juniorminers.com went live online. Over that time the site has grown from a few simple pages to hundreds of pages that feature everything from company listings to classified ads and a whole lot of other stuff in between. The website has seen traffic increase from just a few hits a day to over a thousand hits a day. Over that time the website has also grown a list of subscribers that get the monthly news letter. Thanks to all the regular visitors and to all the sponsors and advertisers who use the website. It's been a great six years and I plan on being here in another six years offering junior mining news and classifed mining ads.
World Class Nickel Play
No use talking about the gold and silver take down here. There is lots of news about that elsewhere. For all those who follow junior mining stocks I would like to just make a quick update and reminder about North American Nickel, TSX:V-NAN.
North American Nickle has been working in Greenland for the past few years and have drilled some really exceptional grades. A lot of the cores are high grade. The company has announced that they are going back for another summer work session and will be doing more drilling. Field work will begin in May and drilling is scheduled to begin in June. A minimum of 3,000 meters of drilling is planned. Unlike so many juniors out there, NAN is well funded to carry out this work program. Greenland offers a stable investment enviroment and when you really come to think about it, Greenland is the last frontier in mineral exploration in the world. Let's face it, everywhere has been pretty much picked over.
Now for some real interesting news. The stock price has been stuck around 13-14 cents for quite a while and the company wanted to raise some funds for future work. So they raised the 7.5 million dollars worth of funds through a PP at 17 cents a share. That alone tells me that private investors see some pretty big value in this play.
People always asked when the best time to buy a stock is. some will tell you to buy when everyone else is selling, but the best time to buy is when you are thinking about selling. Read the rest of the latest new release right here.
What's Up With Gold?
Or should that read what's down with gold. Tons of different theories on the drop. Some say the big wigs are shorting the paper markets to buy the physical market. Others say it's the fed not wanting gold to out shine the green back. Still others claim that the gold run is over like the two analysts for Goldman claimed last week. Who knows for sure. All I do know is that everything balances out in the end and gold will ride out this storm and be back running. Is it a good time to buy? They say the best time to buy is when everyone is selling and a better time to buy is when YOU are thinking of selling.
Funny thing is, today I checked out Scotia Mocatta's eStore and checked out the prices for 1 ounce gold Maple Leafs. While the spot price read $1343 per ounce, their prices were still almost $200 per ounce higher. Last check in the evening here the price reads $1,498.65 for a difference of about $155 mark up per ounce. No deal there that's for sure but it go to show that physical metals are still fetching a premium and that is also the reason for the 3-4 week wait time. Something to think about while you're waiting for this episode to turn around.
More Gold In A Pound Of i-Phones Than Pound Of Ore
Came across a very interesting article today. There is a lot of people out there in the world today that are Anti-Mining. These are the people who of course want to ban mining in their back yard, my back yard and everyone else's back yard. Anyhow you got to read this article and when one of those Anti-Mining types start to beak off, ask them if they have a smart phone. If they do then show them this article call Mining Your iPhone.
With the sales of Smart phones expected to continue it's increase, it looks like I best keep mining so everyone else can keep talking.
Steve Forbes said it best, "Now any government can seize assets any time they need money."
He was referring to the deal Cyprus had to cut with the EU to prevent the collapse of its banks. The bank tax, as high as 40% on some assets, has set a precedent that, according to Forbes, has added another level of fear to an already fearful world market.
I wonder how many Cypriot people figured that gold or silver were old fashion or outdated and never bothered owning any. I wonder what they are thinking now? Having a little silver of gold in phyisical form is not only a good investment, it's also wise insurance. Just ask any Cypriot.
But if you don't want to buy a little gold you can still look into buying a gold mine. Check out our classified page that has all the mines for sale.
Logan/Gold Leaf - Cherry Creek Mining District
NOW AVAILABLE! Our Logan/Gold Leaf project in the southern portion of the Cherry Creek Mining District. The project contains 6 claims around the historic Logan Gold Mine - Gold Leaf Mine - Big Chief Mine, and another claim that covers the historic Arizona Comstock (Radio) property to the west.
- Location: Yavapai County Arizona, Cherry Creek Mining Dist - Twp 14N-3E-SEC(S) 21,28,32
- Target Mineral: Gold
- Status: Available
- Type: 7 unpatented Federal Lode Claims. Prescott National Forest. Total 140 acres (expandable).
- Workings: Claims cover the past producers at the Logan, Big Chief, Gold Leaf, and AZ Comstock (Radio) mine
- Reserves: Unknown - Dump at Logan said to contain $2.8MM low grade material (not verified)
- Terms: $15,000 cash or cash/stock deal.
History/potential: This group of claims has an interesting history of production back to the 1800's. The most recent smelter returns (Phelps Dodge Corp) was from 1938-39 at the Logan site which had an average assay of about .85oz/ton gold. The Arizona Comstock was being considered for a surface operation with a heap/leach in the 1980's. The Logan property has had sampling/cutting done by Gray Eagle Mining Co. in the 1960's and Alanco in the 1980's. Click our Gold Leaf-Logan Brochure for more information.
Geology: Hydrothermal quartz vein structures located in Porphyry Dykes.
Contact: REX CLARK
Ph: (928) 308-0700 to tour property. Rex is available at your convenience.
Email: Please use web form on our website @ pmrgold.com
Montana Bentonite: The Natural Solution!
Montana Bentonite is a complete vertical operation. We own the 40 acre tract on which we produce and sell consumer-ready and distributor products and materials. This is a turn-key operation. We are Licensed, Permitted, Bonded, insured and in operation. Our venture is ready for expansion into full production and we are ready to consider virtually all modes of development. We are willing to sell our venture outright, we will consider lease-to-own and we are willing to stay on in transition assistance. Price and terms are negotiable. Complete data, documentation and information are available.
"The Montana Bentonite Family of Products".
Our operation is located in southwest Montana with excellent access to transportation. We have developed the property with accesses and initial utilities. You can find us on googlemaps along I-90 between Butte and Anaconda.
- 1 Multiple product lines to dynamic, growing markets.
- 2 Current projections show over 50 years of full operation with current resources.
- 3 $9B valuation, conservatively, in today dollars.
- 4 The venture is suitable for durable stand-alone profitable operation or integration with another operation.
- 5 No waste! Even the overburden ashen silt is valuable as an organic soil amendment.
- 6 Orders continue to increase via our webstore even with no advertising because people search for our products and materials- www.montanabentonite.com/webstore
- 7 Clear property Title transferable by Grant or Warranty Deed.
Documentation and information available.
Lots Of Mining Claims Listed
And Some Are Selling Fast
Both January and February saw a lot of really good high quality mineral properties being listed in our classified section. There is a lot of interest in mining properties not ony for the mining aspect but also for speculation and investment purposes. One good excample is there was a single claim in the Keno area listed on Feb 8 and I got a call on Feb. 11th that there was a sale pending. 3 days to sell a gold claim. You can't say that about houses or most other realestate these days. Also the seller had tried different avenues in selling this property but found junior miners the utmost responsive in terms of enquiries. Just something to keep in mind if you have gold claims or other mining properties to sell. No commissions. Just flat rate listing fees!
Prospecting In 2013
If your Looking For Gold, Here Is A Handy Dandy Item
It's getting to be that time of year again and the next thing you know summer will be here and a lot of us will be heading for the hills, valleys and creeks in search of that all elusive gold. The one problem is that these days in order to find any gold or good tracer minerals, you have to get back way off the beaten path. That means where the road or trail ends and after a few hours of hiking, you can maybe find some areas that have not been overly explored. Anyone who has been prospecting at all knows that packing a lot of gear into the bush is a lot of work.
Having said that, there is a new small aluminum river sluice out for those fast samples wash ups. This handy little is sluice will fit in most packs, fit easily in a 5 gallon bucket, but also has a convenient carry handle. It's also extremely light weight, weighing in at just 3.25 lbs!
Clean-up is achieved by removing a single wing-nut and lifting out the riffle tray and ribbed carpet. The sluice also has a section of ribbed rubber matting at the top for a quick "sample" view of the material you are running. The nicest thing about this little sluice is the little price. Pre season special. Only $59.00.
Myself I have an older Keene river sluice that is around 3 feet long and is 10 inches wide. I think mine would weigh around 9-10 pounds due to the extra length and riffles. That extra weight can sure be a burden especially when it comes time to be walking back after a long day of prospecting. That's another reason why I like to use plastic gold pans.
Metals Still Up For 2012
Gold ended the year up 7.75% from a year ago. The closing price of spot gold is $1675.80. This makes another up year in which gold has been in a bull market since 2001.
Silver did even a bit better. The closing price for silver was $30.34. That's up 8.90% from a year ago today while the HUI or the AMEX Gold Bugs was down 13% from a year ago.
A lot of writers are saying that once this fiscal nonsense is over maybe the markets will straighten out but that could still be a long shot. 2012 was not been a nice year to junior mining companies. Even when a junior comes out with great results from a drilling project, the market is not putting value into a lot of these plays. Investors are getting tired of loosing money and it is hard to blame them for not wanting to buy into these plays any more.
In the meantime, have a happy new year. Juniorminers.com wishes everyone the best in the new year and don't leave this page until you have cast a vote for the 2013 gold price.