26 August 2021: There's a new gold rush happening... in Newfoundland. Few people have heard of it yet, but those in the mining community are well aware, at least since New Found Gold began reporting some spectacular intercepts proving there is a LOT of gold to be found. News arrives every day of new deals being done, of new companies racing to get in, as existing players race to bring more of the best land under lease. Its very early days, still. The market for mining stocks continues significantly underperforming the larger markets, and with the market looking tenuous, at best, near all time highs... there aren't many other places mining investors can go hoping SUCCESS IN DISCOVERY across an entire gold camp enables success in countering the market trends... while banking massive future upside in the potential inherent in large volume high grade gold deposits. As it is early, many of the companies are still quite inexpensive, in spite of the massive scope of the potential. With a bit of luck... a significant number of the penny stocks on this list of forty companies, thirty six of them listed, might succeed. With a bit of work... most of the larger companies here now are going to become much, much larger.
Basics of the geology are... the structure controlling the deposition of the gold is an artifact of the collision of Africa with North America, to create the Appalachian Mountains, as shown here, not in a single event, but in a series of collisions with a number of intervening terranes, each paired with its own subduction events: Appalachian Geologic History
Full List of companies and tickers is below the Camp Map.
The most advanced projects are New Found Gold NFGFF and Marathon Gold MGDPF... most others with holdings and the financial backing required are drilling now.
Royalty company Altius Minerals is buying shares as well as making investments in royalty deals:
Anaconda Mining Viking Gold 2% NSR, plus 1-1.5% royalties on surrounding lands
Canstar Resources Golden Baie Gold 1% NSR
Canstar Resources Buchans Zinc 2% NSR
Canstar Resources 7,669,024 shares
Canterra Minerals Wilding Lake, Gold 2% NSR
Crystal Lake, Gold 2% NSR
Intersection Gold 2% NSR
Canterra Minerals 4,398,750 shares
Sokoman Minerals Moosehead Gold 2% NSR
Sokoman Minerals Iron Horse Iron 1% GSR; option to acquire additional 1.1% GSR
Sterling Metals Sail Pond Silver, Copper 2% NSR
Sterling Metals own 14%
Tru Precious Metals Golden Rose Gold 2% NSR
Tru Precious Metals 7,140,000 shares
Eric Sprott is heavily involved in Newfoundland Explorers:
New Found Gold NFGFF / NFG.V
April: +$13.6 million (1.9 million at $5.25) (957,000 at $3.84) (27.9 million shares, 18.4%)
Aug: $60 million at $11.39 Eric Sprott participated for about 19.9% to maintain his interest
Labrador Gold NKOSF / LAB.V
[six visible gold occurrences on surface... from 1.98 g/t to 1,065 g/t gold. ]
May 19: C$15 million for 16.7 million at C$0.90/unit 1/3 to New Found Gold and 2/3 to Eric Sprott.
June: Sprott has a 12.4% equity stake in LAB. New Found Gold has a 8.6% equity stake in LAB.
Exploits NFLDF / NFLD.CN
May 12: $8 million for 13,333,333 units (the “Units”) at a price of $0.60 per Unit
June: Sprott has a 14.6% equity stake in NFLD. New Found Gold has a 13.1% equity stake.
Gossan: GSSRF / GSS.V
Sprott has a 14.2% equity stake in GSS.
Canterra: CTMCF / CTM.V
Sprott has a 19% equity stake in CTM. Michael Gentile, professional speculator in the resources sector, owns 14%.
Canstar: CSRNF / ROX.V
Mr. Sprott now beneficially own and control 27,863,339 Shares and 10,527,000 Share purchase warrants representing approximately 31.6% of the outstanding Shares on a non-diluted basis and approximately 38.9% on a partially diluted basis assuming the exercise of such warrants.
Sassy: SSYRF / SASY.CN
May 28 Sprott increased to 17.35% (10,666,666 special warrants) by purchasing $1.6 million of a $2.2 million private placement in Sassy's Gander Gold subsidiary in early June 2021.
Sokoman: SICNF / SIC.V
Raised C$6.5 million, with Sprott taking $5 million at 26c/unit.
Sky Gold: SRKZF / SKYG.V
July 2020: a company beneficially owned by Sprott acquired 10.5 million shares and 5.25 million warrants. Sprott owns approximately 19.35% of the outstanding shares of Sky Gold on a non-diluted basis and 26.47% assuming a full exercise of warrants.
Aurwest: AURWF / AWR.CN
May 2021: Sprott bought 8.8 million shares at $0.15.
Tru Precious Metals TRUIF / TRU.V
June 18, 2021: 9.09 million shares and the same number of warrants representing approximately 13.7% of the outstanding shares on a non-diluted basis and approximately 24% on a partially diluted basis assuming exercise of warrants.
From the launch of this new list, I will update company news mostly by scanning Yahoo for each ticker... occasionally digging deeper on SEDAR if required... while wandering the web looking for other news.
Resource World Magazine: Newfoundland helps by providing quite frequent updates on camp news.
Saltwire.com covers the regional business news
Below is a Camp map put out by Exploits Discovery
Alpha list of US tickers:
ALVLF, ANXGF, ATUSF, AURWF, BNTRF, BRIOF, CRTIF, CRSTF, CTCGF, CSRNF, CTMCF, EREPF, ETHOF, ETRUF, FFMGF, GFTRF, GORIF, GSSRF, GTGFF, KGLDF, LECRF, MARVF, MGDPF, MRTMF, MZZMF, NFGFF, NFLDF, NKOSF, NSHRF, OPWEF, OGGNF, PRIEF, QDROF, RCTRF, SAGFF, SICNF, SSEBF, SRCGF, SRKZF, SSYRF, TRUIF, VULMF, WDFCF
Missing is Great Atlantic Resources (GR.V) with a Canadian .V listing only
Alpha list of Canadian tickers:
ALS.TO, ANX.TO, AWR.CN, BEX.V, BRAU.V, CTOC.CN, CTM.V, CFE.CN, CRES.CN, ECC.V, ETR.CN, FF.TO, FUTR.CN, GLDN.V, GSS.V, GR.V, GTG.CN, KNC.V, KING.V, LAB.V, LECR.CN, MOZ.TO, MAE.V, MARV.V, MTT.V, NFG.V, NFLD.CN, NRN.V, OPW.V, ORGN.CN, PRG.V, QRO.V, ROX.V, SAG.V, SASY.CN, SHL.V, SIC.V, SKYG.V, SSE.V, TRU.V, TTG.V, VUL.V, ZON.V
Missing is Matador Mining with U.S. (MZZMF) and Australian (MZZ.AX) listings only
Alpha list with webpages, Yahoo links to tickers, and webpages only for the unlisted:
Altius Minerals ATUSF / ALS.TO,
Aurwest Resources AURWF / AWR.CN,
Anaconda Mining ANXGF / ANX.TO,
Benton Resources BNTRF / BEX.V,
Big Ridge Gold Corp ALVLF / BRAU.V,
Bonavista Resources
Buchans Resources
C2C Gold CTCGF / CTOC.CN,
Canstar Resources CSRNF / ROX.V,
Canterra Minerals CTMCF / CTM.V,
Cartier Iron Corp CRTIF / CFE.CN,
Crest Resources CRSTF / CRES.CN,
Ethos Gold ETHOF / ECC.V,
Etruscus Resouces ETRUF / ETR.CN
Exploits Discovery NFLDF / NFLD.CN,
Fairhaven Resources
First Mining Gold Corp FFMGF / FF.TO,
GoldHaven Resources GHVNF / GOH.CN,
Golden Ridge Resources GORIF / GLDN.V,
Gold'n Futures Mineral Corp... GFTRF / FUTR.CN,
Gossan Resources Ltd GSSRF / GSS.V,
Great Atlantic Rscs GR.V,
Great Thunder Gold GTGFF / GTG.CN,
K9 Gold WDFCF / KNC.V,
King Gloval Ventures KGLDF / KING.V,
Labrador Gold NKOSF / LAB.V,
Leocor Gold LECRF / LECR.CN,
Magna Terra Minerals BRIOF / MTT.V,
Marathon gold MGDPF / MOZ.TO,
Maritime Resources MRTMF / MAE.V,
Marvel Discovery MARVF / MARV.V,
Matador Mining Ltd MZZMF / MZZ.AX,
New Found Gold NFGFF / NFG.V,
Northern Shield NSHRF / NRN.V
Opawica Explorations OPWEF / OPW.V,
Origen Resources OGGNF / ORGN.CN,
Precipitate Gold PREIF / PRG.V,
Puddle Pond Resources
Quadro Resources Ltd QDROF / QRO.V,
Sassy Resources SSYRF / SASY.CN,
Silver Spruce Resources SSEBF / SSE.V,
Sky Gold SRKZF / SKYG.V,
Sokoman Minerals SICNF / SIC.V,
Spruce Ridge Resources SRCGF / SHL.V,
Sterling Metals SAGGF / SAG.V,
Trans Canada Gold RCTRF / TTG.V,
Tru Precious Mtls TRUIF / TRU.V,
Vulcan Minerals VULMF / VUL.V,
Zonte Metals EREPF / ZON.V
Weekly RRG Relative Rotation Graph of Newfoundland gold stocks as of August 27, 2021
Daily Relative Rotation Graph of Newfoundland gold stocks as of August 27, 2021:
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