June 16, 2019
Saville Resources a Niobium and Tantalum
Critical Elements Share Buying Opportunity
Saville Resources (TSXV: SRE) has three (3) Resource Assets with its principal Resource Asset being the Niobium Claim Group, currently under a 75% interest Earn-In Agreement with Commerce Resources Corp a Company Saville Resources is closely associated with.
Shares Issued: 63,415,400
Share Price: 3.5 cents
Niobium, Tantalum Project, Quebec, Canada
The Niobium, Tantalum Property is close to the Commerce Resources ‘Ashram Rare Earth Project’ and located one-hundred-thirty (130) kilometres (80 miles) southwest of Kuujjuaq in Quebec, Canada. The Niobium, Tantalum Project consists of twenty-six (26) contiguous mineral claims, encompassing an area of approximately 1,223 hectare (~3,057 km²) and is considered highly prospective for Niobium and Tantalum, both elements now declared to be critical minerals by the United States and the European Commission.
The Property includes portions of the high-priority and drill-ready Miranna Target, where prior boulder sampling in the area by Commerce Resources has yielded 5.9% Nb2O5 and 1,220 ppm Ta2O5, as well as the Northwest and Southeast areas (the Mallard Target) where previous diamond drilling by Commerce Resources has returned wide intercepts of mineralization, including 0.61% Nb2O5 over 12.0 m (EC08-008) and 0.82% Nb2O5 over 21.9 m (EC10-033), respectively.
Saville’s Phase I Drill Program on the Property has now been concluded with a total of 1,049 meters (3,441 feet) completed over five (5) holes, focused at the Mallard Target in the Southeast Area of the Property. The primary objective of the Drill Program was to test the southeastern extension of the high-grade and near-surface mineralized intercepts returned historically from drill hole EC10-033.
With this favourable geology Saville Resources is planning a Phase II Drill Program at its Quebec to delineate the mineralized Niobium-Tantalum ore body.
- Niobium and Tantalum are closely related metals with nuanced properties that make them critical to many sectors of the economy;
- With nearly indistinguishable physical and chemical properties, Niobium and Tantalum are almost always found together in nature;
- Both are critical to the defense, energy and high-tech sectors in the United States, but neither are mined domestically in the USA. For these reasons, the United States Geological Survey considers these transition metals "indispensable twins" that are critical to America's economic and strategic wellbeing;
- Saville Resources has a Niobium Tantalum Property in Quebec, Canada on which it is Drilling and wants to Develop.
The Bud Property, British Columbia, Canada
The Bud Property is located approximately 4 km northwest of Greenwood, British Columbia, Canada and consists of a total of six (6) Mineral Licenses encompassing an area of approximately 380.64 hectare (951.60 km²). Saville Resources believes that the Bud Property has the potential for Copper-Gold skarn mineralization and potential for Gold bearing epithermal veins.
Covette Property, Quebec, Canada
Saville Resources Covette Property consists of sixty-five (65) Mineral Claims totaling approximately 3,370 hectare (7714 km²) and is located in Quebec's James Bay region, one-hundred-ninety (190) kilometers (118 miles) east of Radisson, Quebec, Canada. Geologically, a Greenstone Belt underlies the region, comprised of various mafic to ultramafic rock units considered prospective for base and precious metals (Ni-Cu-Co-PGE-Au-Ag), as well as pegmatite hosted rare metals (Li-Ta).
Historically, the Covette Property consists of sixty-five (65) Mineral Claims totaling approximately 3,370 hectares (8425 km²) and is located in Quebec's James Bay region, one-hundred-ninety (190) kilometer (118 mile) property area has been subject to only limited exploration, which focused primarily on prospecting and sampling. Historic sampling results include the pegmatite/ amphibolite Clothilde Showing where 4.7% Mo (Molybdenum), 0.73% Bi, 0.09% Pb (Lead), and 6.0 g/t Ag (Silver), as well as 1.2 g/t Ag (Silver) and 0.18% Cu (Copper) were returned from two grab samples, respectively.
In late 2016, a Versatile Time Domain Electromagnetic (VTEM) survey was completed over the property by Geotech Ltd. The VTEM survey identified several high-priority electromagnetic (EM) conductors coincident with strong and distinct magnetic high anomalies, as well a broad and large coincident EM and magnetic high anomaly. In Q3 2017 a ground prospecting program yielded samples returning assays of 0.18 Nickel, 0.09% Copper, and 87 ppm Cobalt. The groundwork and surface sampling was NOT sufficient to explain the source of the VTEM anomalies, but collectively, appear to indicate a source at depth.
In 2018 Saville organized an exploration team for a reconnaissance program where a new zone of Surface Mineralization was discovered directly above the area of high conductivity identified by the 2016 VTEM survey. Eight samples were taken along a visible 200-meter (656 feet) strike length of what is described as an oxidized silicified foliated amphibolitic rock unit. The best of the samples was sample 4289 that assayed 1.2% Zinc and 68.7 g/t Silver. Samples 4284-4286 returned elevated values of 0.13% to 0.19% Nickel.
On March 1, 2019 Saville Resources as an arms-length Vendor, entered into an Option Agreement to sell its 100% interest in the Covette property to Astorius Resources Ltd located in the James Bay Region, in the Province of Quebec, Canada. The Covette property encompassing twelve (12) Contiguous Claims in an area of approximately 613hectare (~1,532 km²).
Under the terms of the Option Agreement, Astorius Resources will acquire 100% interest and rights in the property by paying the Vendor the sum of $1,250,000 in cash, payable over thirty-six (36) months of signing the Option Agreement. A 2% Net Smelter Return (“NSR”) is included in the Option Agreement payable to Saville Resources.
Astorius Resources must spend a minimum of $300,000 qualified Exploration and Development expenditures by February 5, 2021.
The 2% “NSR” will be retained by Saville Resources, of which 1% may be purchased at any time, prior to the commencement of Commercial Production by Astorius Resources, by paying to Astorius Resources the sum of $1,000,000. This transaction meets the requirements for an Exempt Transaction under the policies of the TSX Venture Exchange and is NOT subject to TSX Venture Exchange approval.
Please review the Saville Resources Website at www.Savilleres.com
to read the Saville full Story and Information.
After Hong Kong Residents Marched and Rioted to Protest Mainland China's Extradition Bill Carrie Lam Hong Kong Chief Executive
Suspended the Extradition Bill
On Monday June 9, 2019 Thomas Reuters wrote this: Hundreds of thousands marched in Hong Kong to protest Mainland China’s Extradition Bill. Opponents of the Extradition Bill deeply questioned the fairness, transparency of the Mainland Chinese court system. The Extradition Bill would have enabled Hong Kong authorities to send suspects as well as foreigners to stand trial in courts in mainland China.
Yesterday to restore calm, after riots which sparked the city’s biggest public protests in years, Carrie Lam the Hong Kong Chief Executive apparently with Beijing’s backing, put the Extradition Bill on hold.
“People in Hong Kong want a relatively peaceful and calm environment,” Lam told reporters. She said it was time “for responsible Government to restore as quickly as possible this calmness in our society.”
Lam told reporters she took the move in response to widespread public anger over the measure. Lam apologized for what she said were failures in her government’s work to convince and reassure the public but said, she had not withdrawn the bill.
Many in the former British colony worried that the Extradition Bill measure would further have eroded cherished legal protections and freedoms. Appearing cheerful but occasionally frustrated over repeated questions over whether she would resign, Lam said the government would study the matter further, for the “greatest interest of Hong Kong.”
Adam Hamilton: “Gold Will Go Much Higher”
On Friday June 14, 2019 Adam Hamilton stated:
“The gold miners’ stocks have surged powerfully over the past few weeks, challenging up leg highs. Traders started returning to this small contrarian sector as gold blasted back above the psychologically-crucial $1,300 line. While such early-summer strength is atypical, gold miners’ technicals, sentiment, and fundamentals all support more gains to come. Gold stocks need to mean revert to much-higher price levels.”
Yes, Gold will go much higher - - - Read Adam Hamilton’s entire article HERE!
Gold, the Dow, S&P 500 and the Nasdaq
NY Gold Nearest Futures
Gold & the Summer Rally
Is the Gold price a prelude of the Monetary System reform problems ahead in 2021? Whereas the time is right, Martin Armstrong is preparing a Special Report on Gold which will be available soon.
In the week past other than Monday when it was Down, the Price of Gold was Up and closed the week on an Up note.
According to Martin Armstrong: We must close above $1,362.50 on a Monthly basis to open the Trading Trade shifting it higher. That does NOT negate one more Test of the Lows before the final Breakout. Which they were created to do, keep in mind that Markets LOVE to trap everyone first.
That is why we at Mining Interactive Corp. www.mininginteractive.com continue to believe that Gold will first go below $1,000.00 and then below $981.50 and when it then goes above $981.50, which we expect to happen very quickly, then over time Gold will go to $5,000.00 or more.
Martin Armstrong: Today’s, Gold Technical Resistance stands at $1,370.00 and that must be exceeded Intraday that the next retest of the Lows may hold on to whatever retest of the Monthly Bearish Reversals are generated from perhaps a July high Intraday.
Don’t wait until the Markets go down. Continue buying solid Senior and Mid-tier Gold companies and especially buy the Juniors like Saville Resources and Klondike Silver who have Management you and I can trust to create great Return on Investment for us and you the Investor.
Dow Jones Industrials Index Cash
On Friday June 7, 2019 according to Martin Armstrong: “The bellwether Dow failed to get above the 26,500 area which leaves this Market vulnerable into the first week of July. Once again, we do not see a breakout to the upside until the ECM [Economic Confidence Model] turns and likewise, we do not see a major crash. A month-end close into the 24,250 area will signal we will most likely see a July low.”
Last week on the Daily Level, we did see a Directional Change that came into play.
Equity Markets remain hostage to developments in the ongoing US-China trade battle but, we still believe some that kind of deal will eventually be reached - - - most likely at a Xi/Trump meeting at the G20 Summit in this month.
The Indices were Up and Down last week however, we Day Traded successfully for ourselves and our clients during the week when we traded on both the Long and the Short side of the Markets.
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Points to Ponder
- June 13, 2019 – The Fed is Between a Rock & a Hard Place
Yes, the Fed may try the peg and this will result in a bifurcation of interest rates where private sector rates will rise vs public rates.
Consequently we suggest, you buy US dollar denominated Private Bonds!
- June 16, 2019 – The Deep State Target Interview – Part I
The Deep State Target Interview – Part II
For those of you that have the time this Mark Steyn 2-Part, 2-hour Interview with George Papadopoulos is worth a listen.
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From Mining Interactive Corp. in Vancouver, Canada
Nick L. Nicolaas
Direct: +1 (604) 657-4058
Nick L. Nicolaas, Mining Interactive Corp. and its Associates (collectively referred to as NLN) are not registered advisers and do not give investment advice. NLN’s trading comments are an expression of opinion only. NLN may have an investment in some of the companies or trading instruments NLN mentions or writes about, nothing should be construed in any manner whatsoever as recommendations to buy or sell a stock, option, future, bond, commodity or any other financial instrument at any time. While NLN believes all statements to be true, they always depend on the reliability of NLN’s sources. NLN recommends that you consult a qualified investment adviser, one licensed by the appropriate regulatory agencies in your legal jurisdiction, before making any investment decisions and NLN urges you to confirm the facts on your own regarding any trades or companies NLN mentions before making important investment commitments. The “Stock and Private Placement” alerts written and distributed by NLN do not, and cannot, constitute a recommendation to buy or sell any security.
NLN Day Trading is based on the Princeton Economics Institute (PEI) Martin Armstrong Socrates Forecasts and Alerts however, PEI and NLN are arms-length companies and nothing should be construed in any manner whatsoever that PEI and NLN are affiliated companies.
WE SEEK SAFE HARBOUR
The material in the “Trading Based on Martin Armstrong Socrates Alerts” and the “Stock and Private Placement” alert letter published by Nick L. Nicolaas is for informational purposes only and is not intended to and does not constitute the rendering of investment advice or the solicitation of an offer to buy securities. The “Trading Based on Socrates” and the “Stock and Private Placement” alert discussion contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 (The Act). In particular when used in the preceding discussion the words “plan,” confident that, believe, scheduled, expect, or intend to, and similar conditional expressions are intended to identify forward-looking statements subject to the safe harbor created by the ACT. Such statements are subject to certain risks and uncertainties and actual results could differ materially from those expressed in any of the forward looking statements. Such risks and uncertainties include, but are not limited to future events and financial performance of the company which are inherently uncertain and actual events and / or results may differ materially. In addition we may review investments that are not registered in the U.S. We cannot attest to nor certify the correctness of any information in this note. NLN owns shares in B2Gold, Meadow Bay Gold Corporation, Ashanti Gold Corp; Klondike Silver Corp; Organic Garage; Northern Dynasty Mines; Exeter; Arrowstar Resources, Klondex Mines, Dynasty Gold, Blue Sky Uranium and Saville Resources. Please consult your financial adviser and perform your own due diligence before considering any companies mentioned in this informational bulletin.
June 16, 2019