18th June 2021

Auteco Minerals is flagging open pit potential at its Pickle Crow project in Canada

Auteco Minerals is flagging open pit potential at its Pickle Crow project in Canada, with the discovery of shallow high-grade gold while testing the Carey target, with intercepts such as 20.4m at 5.3gpt from 102.7m, including 2.2m at 9.3gpt (reports MiningNews). In addition to Carey, drilling has extended the known high-grade gold mineralisation in the Shaft 3 and Shaft 1 areas, including a previously undiscovered shear vein, with hits such as 4.9m at 7.5gpt from 483m and 3.3m at 8gpt from 836m.

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Impressive results of up to 60m at 3.03g/t gold continue to highlight potential to grow all key deposits that make up Genesis Minerals’ (ASX:GMD) 1.6Moz Ulysses gold project in WA (reports Stockhead).

Drilling has now confirmed mineralisation over 400m of strike at the Puzzle North discovery, about 700m north of the shallow 59,000oz Puzzle resource. Besides the top hit — which includes a high-grade zone of 8m at 12.9 grams per tonne (g/t) gold — new intercepts also include 84m at 1.98g/t gold from 84m (including 10m at 6.31g/t gold from 116m) and 40m at 2.52g/t gold from 44m. And there’s still room to grow. Mineralisation at Puzzle North remains open along strike and at depth along the granite-greenstone contact, meaning that further drilling could uncover more gold.

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Boss Energy set to feed investor appetite for near-term uranium producers with release of pivotal feasibility study. Plus, the runaway share prices of Coda and Sovereign show we were on the mark. And Black Canyon prepares to drill

Uranium stands as the coiled spring of the commodities space. At some point, the price of the nuclear fuel is going to take off. That’s the broad expectation out there. Ask around about the commodity to watch in the next 12 months and the answer increasingly comes back as uranium. Maybe so, but the reality is that at $US32/lb (spot), the uranium price remains well below the $US60/lb price considered necessary to incentivise the investment in new supply required to fill the ever-widening gap between supply and long-term demand.

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It gave the world Covid-19 and now it looks like China is giving the world inflation and while some people might not see the connection between Covid and inflation, they are both a threat and an opportunity for investors.

To understand the significance of an inflationary outbreak, you only have to look back 18 months to see how a disease can turn financial markets upside down. Heavy losses at the start and fat profits later. Inflation, if allowed to rise too far, is an equally dangerous infection which destroys the value of certain types of investment (especially cash), but the flipside is that it improves the performance of hard physical assets such as property, gold and other commodities.

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Joint venture partners Coda Minerals and Torrens Mining have uncovered intense iron oxide-copper gold (IOCG) alteration with copper-sulphide mineralisation

intense iron oxide-copper gold (IOCG) alteration with copper-sulphide mineralisation while drilling at the Emmie Bluff Deeps target within the Elizabeth Creek copper project in South Australia (reports Small Caps). The first deep diamond hole drilled at the target encountered a sequence of approximately 200m of intensely haematitic and altered sediments and granites, including 50m of moderate-to-intense copper-sulphide mineralisation consisting of chalcocite, chalcopyrite and bornite.

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Australian investors moved heavily into gold during the crash last year with overall inflows up 100 per cent while high net worth investors tripled their holdings in the yellow metal (reports The Australian).

The swing by private investors – as opposed to big super funds – is revealed in a new research report from the Perth Mint’s investment research manager Jordan Eliseo. Needless to say most gold industry reports wax lyrical on the charms of the yellow metal and this report is no exception to the tradition. It does, however, put some very persuasive numbers around the case for gold as an investment choice: Importantly the case is made equally for global gold (always priced in $US) and for local investors using Australian dollars.

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Kairos Minerals (ASX: KAI) has defined a new exploration target at its Pilbara gold project south of Port Hedland containing between 4.4 million tonnes to 7.4Mt of gold bearing ore (reports Small Caps).

The exploration target, which has grades ranging between 1.5 grams per tonne gold and 1.8g/t, is located close to the company’s promising Mt York and Iron Stirrup deposits as well as to the Zakanaka prospect. It is possible that the new target area contains extensions of the mineralisation from the historical pits at Zakanaka, the company predicts. It includes untested greenfield exploration potential and is in addition to the current 873,500oz gold indicated and inferred mineral resource at Mt York, based on 20.9Mt at 1.3g/t.

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Another whiff of inflation and hint of rising interest rates stirred financial markets this week, along with a warning of greater risks ahead from two big name investors (and a long-dead economist).

Larry Fink and Jeremy Grantham sang from the same gloomy hymn sheet, which is a favorite of grumpy old men who have seen countless market cycles -- and so too would Adam Smith, if he had not died 231 years ago. Fink is the key man in the threesome because he runs BlackRock, the world’s biggest fund manager. He warned that stimulus spending would create an inflation spike which would be a “pretty big shock” for most people, especially novice investors who have little concept of the value-corroding nature of inflation.

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