Category: Gold

McEwen Sees Gold Equities Boom on Metal’s Bull Run to $5,000  Bloomberg.com

Gold Heads for Weekly Loss as Traders Pare Back US Rate Cut Bets  Bloomberg.com

Gold set for worst week in more than 2 months; US jobs data eyed  Yahoo News Singapore

1. Gold slips to 2-week low on trade talk hopes, China holiday  Reuters
2. Chinese market dictated recent gold price fluctuation, says Goldman trader  Mining.com
3. Gold Cuts April’s Trade-War Leap to 6% as China Shuts, US GDP Falls  BullionVault

Breakingviews – Gold’s golden moment dazzles better-value rivals  Reuters

Gold ETF investors may be surprised by their tax bill on profits  CNBC

Source: Streetwise Reports 04/30/2025

AbraSilver Resource Corp. (ABRA:TSX; ABBRF:OTCQX) intersected 65m at 162 g/t silver in Argentina, expanding mineralization beyond pit limits and unlocking major growth potential. Read more to see how these final Phase IV results could reshape the upcoming resource estimate and drive momentum in the next drill phase.

AbraSilver Resource Corp. (ABRA:TSX; ABBRF:OTCQX) has released the final drill results from its Phase IV exploration program at the Diablillos silver-gold project in Salta Province, Argentina. The company reported multiple high-grade silver intercepts from the JAC Extension zone, located outside the boundaries of the current conceptual open pit design. These results will feed into an updated Mineral Resource estimate, anticipated in mid-2025, and form part of the ongoing Definitive Feasibility Study.

Among the most notable drill intercepts is Hole DDH 25-002, which returned 65.0 meters grading 162 grams per tonne (g/t) silver (Ag), including a subinterval of 12.0 meters at 405 g/t Ag. Hole DDH 25-005 intersected 63.0 meters at 139 g/t Ag, while DDH 25-012 reported 41.5 meters at 160 g/t Ag. All assays are uncut and undiluted and reflect drilled widths, not true widths.

“The latest drill results confirm the presence of strong silver grades over broad widths at shallow depths,” said Chief Geologist Dave O’Connor in the news release. President and CEO John Miniotis added, “We are very pleased with the final results from our highly successful Phase IV program, which continue to demonstrate significant growth potential beyond the current open pit boundaries.”

Phase IV drilling totalled 21,172 meters and focused on expanding mineralization at the JAC Extension zone. Mineralization remains open to the south and west. Phase V drilling is already underway, targeting several high-priority zones across the broader Diablillos property. Located in a region with established infrastructure and multiple adjacent mining projects, Diablillos comprises 15 contiguous concessions totaling significant mineralized acreage. Proven and Probable Reserves as of March 2024 stand at 42.3 million tonnes grading 91 g/t Ag and 0.81 g/t gold (Au), containing 123.5 million ounces of silver and 1.1 million ounces of gold.

Silver Sector Strengthening Amid Pressure and Upside Potential

Recent commentary and market analysis painted a complex picture for the silver sector in April, highlighting both structural constraints and signs of growing strength. On April 23, FX Empire emphasized that silver had resumed its upward pressure, particularly around the US$33 level.

“This is in a bit of a divergence from gold markets, which have seen quite a bit of negative pressure,” wrote Christopher Lewis, who cited silver’s dual role as both a precious and industrial metal. The article noted that silver’s behavior near its 50-day exponential moving average (EMA) continued to attract trader attention, with sustained bullish momentum driving sentiment.

Raymond James analyst Craig Stanley reiterated a Buy rating on AbraSilver Resource Corp., assigning a price target of CA$5.00.

On April 26, Kitco News published a report featuring Midas Touch Consulting’s Florian Grummes, who stated that “silver is extremely undervalued” and suggested that the metal could reach between US$40 and US$50 in the coming months. Grummes also pointed to the gold-silver ratio as a critical indicator of valuation. “We know that in the earth it’s 10 to 1. In production, it’s 7 to 1. Yet the market is trading above 100 to 1,” he said, arguing that silver had substantial room to close this historical disconnect.

On April 26, Technical Analyst Clive Maund described what he called a “pressure cooker” scenario in the silver market. He pointed to a surge in short positions as a potential catalyst, writing, “This situation cannot go on… the expanding gap between the physical price and the paper price make it untenable.” Maund suggested that once market forces challenge the status quo, a rapid reversal could occur. He described the low level of retail participation as another signal that silver remained in an early-stage bull market, stating, “There is still hardly any retail interest in this market… the current low reading of the silver to gold ratio… means that this bull market is still in its early stages.”

Analyst Highlights Continued Strength at AbraSilver

On April 15, Raymond James analyst Craig Stanley reiterated a Buy rating on AbraSilver Resource Corp., assigning a price target of CA$5.00. The company’s shares had closed at US$2.28 the previous day. According to TipRanks, Stanley has a 52.43% success rate on recommended stocks and an average return of 9.8%, with his coverage including companies in the Basic Materials sector. AbraSilver held a Strong Buy consensus among analysts at the time, with an average price target of US$3.90, representing a potential 71.39% upside from the most recent closing price. Scotiabank also maintained a Buy rating in a report released one day earlier, setting a price target of CA$5.50.

Also on April 15, 2025, Beacon Securities analyst Michael Curran maintained a Buy rating on AbraSilver Resource Corp. and held a 12-month price target of CA$6.00, citing a 90% potential return. Curran emphasized that the Diablillos project showed “above average potential to successfully transition from explorer to producer,” following a recent analyst site visit to the property in Argentina. He noted that the project’s infrastructure requirements appeared manageable and highlighted strong exploration upside at emerging targets such as Sombra, Oculto East, and Cerro Viejo. Curran’s valuation was based on a blended methodology using a target P/NAV multiple of 0.90x and forward P/CF analysis.

According to an April 29 report from Scotia Capital, analyst Eric Winmill reiterated a Sector Outperform rating with a CA$5.50 price target. Winmill viewed the conclusion of Phase IV drilling at the JAC Extension as a positive development and highlighted several high-grade intercepts, including 65.0 meters at 162 g/t silver and 63.0 meters at 139 g/t silver. He stated, “We see potential for resource expansion based on drill success to date in areas located near planned mining areas and infrastructure.” The firm also emphasized that AbraSilver shares were trading at a P/NAV5% of just 0.23x, well below sector averages.

National Bank Financial followed with its own positive assessment on April 29. In the report, analyst Don DeMarco maintained an Outperform rating and raised the target price to C$5.75, citing “splashy infill intercepts over wide intervals with readthrough for resource de-risking.” He highlighted Hole DDH-25-002’s 65-meter intercept at 161.6 g/t silver and noted that Phase V drilling was underway, with mineralization remaining open to the south and west. DeMarco concluded that the company’s investment case was supported by “a large silver/gold M&I resource base, near-surface high-grade silver in the JAC deposit, prospective exploration upside and heightened M&A appeal.”

Two weeks later, on April 30, Peter Krauth of Silver Stock Investor released a favorable assessment of AbraSilver Resource Corp., citing strong exploration progress at both its Diablillos and La Coipita projects in Argentina. He described the recent silver results from Diablillos as “robust grades for an open pit,” emphasizing their location outside the current conceptual pit limits and the significance of their near-surface, wide-width intercepts. According to Krauth, “These are the last assays from the Phase IV exploration campaign . . . and the team will be including them in the upcoming mid-2025 updated resource estimate.”

Krauth pointed to specific intervals such as Hole DDH 25-002, which returned 65.0 meters at 162 grams per tonne silver, including 12.0 meters at 405 g/t silver, and Hole DDH 25-005, which intersected 63.0 meters at 139 g/t silver. He noted that mineralization remained open to the south and west and that Phase V drilling had already begun, targeting several high-priority zones.

In addition to Diablillos, Krauth also discussed new developments at AbraSilver’s La Coipita copper-gold-molybdenum project. He called the results from Hole DDH-LC25-006 “a discovery,” highlighting a 621-meter interval grading 0.38% copper, 0.07 g/t gold, and 62 ppm molybdenum. This interval included a high-grade section of 114 meters grading 0.70% copper and another 20 meters at 1.03% copper. Krauth stated, “At 621m of 0.38% copper overall, this is big, and it could be massive.”

He further noted that additional drill holes were underway and could confirm the scale of the mineralized system. While emphasizing the early stage of the discovery, Krauth concluded that AbraSilver continued to offer significant growth potential. “ABRA shares are up about 26% this year, but continue to look cheap given the growth potential they keep proving up,” he wrote, calling the stock “attractive on weakness.”

Pathway to Value: Key Catalysts and Growth Drivers

As outlined in its investor presentation, AbraSilver’s development plans at Diablillos are supported by strong project economics, a robust resource base, and a clear roadmap for growth. According to the December 2024 pre-feasibility study, the project carries a Net Present Value (NPV) of US$747 million at a 5% discount rate, based on base-case metal prices of US$25.50 per ounce silver and US$2,050 per ounce gold. The projected internal rate of return is 28% with a 2-year payback period. The average all-in sustaining cost (AISC) over the life-of-mine is US$12.67 per silver-equivalent ounce (AgEq), significantly below industry peer averages. [OWNERSHIP_CHART-9164]

Current work includes a fully funded 20,000-meter Phase V drill program focused on expanding resources at the Oculto-JAC district and evaluating the Cerro Viejo gold target located 4 kilometers northeast of Oculto. Cerro Viejo’s first drill hole intersected 36.0 meters at 1.91 g/t Au, including 5.0 meters at 7.22 g/t Au, and the zone remains largely untested.

The company is also preparing to leverage Argentina’s new RIGI investment incentive regime, which offers significant tax and export duty savings for large-scale mining projects. Diablillos is eligible for these benefits, with the company estimating total savings of approximately US$430 million if the full RIGI package is utilized.

With a track record of resource growth—doubling measured and indicated resources since 2020 at a low discovery cost of US$0.11 per ounce AgEq, AbraSilver continues to build scale at Diablillos. The company’s development timeline remains aligned with key upcoming milestones, including environmental permitting, resource updates, and the completion of a Definitive Feasibility Study.

Ownership and Share Structure

AbraSilver’s major shareholders, reported Stanley, are insiders (management and board members) with 3%, Central Puerto SA with 9.9% and Kinross Gold Corp. (K:TSX; KGC:NYSE) with 4%. (In AbraSilver’s recent CA$58.5M financing, Central Puerto invested CA$25M and Kinross invested CA$3M.)

AbraSilver has 152.7 million shares outstanding. Its market cap is CA$456M. Its 52-week range is CA$1.33–3.58 per share. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Important Disclosures:

1. AbraSilver Resource Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
3. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

( Companies Mentioned: ABRA:TSX; ABBRF:OTCQX,
)

Source: Streetwise Reports 04/30/2025

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) will have at least three rigs drilling at its property in the Golden Triangle this summer. Find out what Geologist Dr. Quinton Hennigh and other experts are saying about the project.

Goliath Resources Ltd. (GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE) is “starting to get a feel for where the center of gravity is for the overall [mineralized] system” at its Golddigger gold-silver project in British Columbia’s Golden Triangle, Economic Geologist Dr. Quinton Hennigh said in an April 23 and an April 25 interview.

The Canadian explorer has identified the likely causative intrusion, generally found with a lode-type gold system, and has discovered the place where the intrusion arises and the likely pathways of the associated gold fluids, Hennigh told Jay Taylor of Hotline and Gold, Energy & Tech Stocks as well as Crescat’s Live Market Call Commentary. The intrusion and the mineralized feeder dykes extending from it are drill targets themselves.

“This is important because now this year, when they go out and drill, they can sharpshoot the higher grade part of the system,” Hennigh said about Goliath.

He is confident that junior mining company will encounter more high grades in its “aggressive” upcoming 2025 drill campaign, he noted.

“When you start hitting multi-ounce stuff, and especially in fairly continuous fat ledge lodes like this, you can build up ounces quick,” Hennigh added. “So I think the company’s on the right track. It’s going to be an exciting year.”

Indeed, a study by the Colorado School of Mines confirmed that Goliath’s flagship discovery, the Surebet zone, is part of a large-scale, reduced intrusion-related gold (RIRG) system at the company’s 91,518-hectare Golddigger property, according to a related news release.

In addition, recently Goliath discovered RIRG high-grade feeder dykes that returned up to 12.03 grams per ton of gold equivalent (12.03 g/t of Au eq) over 10 meters (10m), Founder and Chief Executive Officer (CEO) Roger Rosmus told Streetwise Reports. These structures are up to 25m wide and exposed along strike at surface for up to 1,500m. They remain open, strongly indicating they are close to a gold-rich motherlode RIRG source.

Mining Equities Still Undervalued

“There has never been a more bullish time than now for gold mining stocks,” wrote Jay Taylor in Hotline on April 18.

Brien Lundin of Gold Newsletter pointed out on April 24 that mining equities are outperforming, meaning Western investors increasingly are placing their bets on these still undervalued companies. The trend began with the major producers and in recent weeks has extended to the junior companies, or explorers, like Goliath Resources.

“Now that the money is flowing, results are also starting to flow in,” Lundin wrote. “That’s why I think this may be the best opportunity we’ve seen in the history of gold as an investible asset. The hard part, getting the gold price up, has already been done for us. Now all we have to do is make sure we’re positioned in the best leveraged juniors.”

According to Technical Analyst AG Thorson, gold right now is deeply overbought. After a year-long upleg, the gold price is shifting to a warranted consolidation period.

Red Cloud Securities Analyst Taylor Combaluzier wrote that assays from Golddigger “have continued to impress.” Recent results showed high grades in known zones and confirmed the presence of gold mineralization in new targets.

“We now expect a sharp, multi-month decline of at least 20%, a move that could be swift and jarring,” he wrote in an April 25 FXEmpire article. “Our work supports a multi-month decline back to the US$2,800 per ounce (US$2,800/oz) region.”

Some analysts, such as those at Red Cloud Securities, recently increased their gold price forecasts. According to its Q2/25 Commodity Price Update, Red Cloud’s new estimate for 2024 is US$3,000/oz, up from US$2,500. For 2026 and 2027, the firm now predicts US$2,750/oz, up from US$2,500 for 2026 and US$2,400 for 2027 previously. For further out, Red Cloud expects a gold price around US$2,500/oz, up from US$2,400.

In the longer term, certain factors support gold price stability, wrote John Zadeh in an April 28 DiscoveryAlert article. Despite renewable energy and tech sectors using 12% of global gold supply, production remains stuck at 3,500 tons per year.

“Bernstein & Co. projects a 7% annualized return through 2030, citing dedollarization trends and climate-driven industrial demand,” Zadeh added.

Growth is forecasted for the global gold market through at least 2030 at a 5.1% compound annual growth rate, according to Research and Markets. By then, the market’s size is projected to reach 6,300 tons (6.3 Kt), up from 4.7 Kt in 2024.

The Catalysts: Unearthing of More Project Data

Upcoming events for Goliath, according to Rosmus, include completion of an NI 43-101 compliant technical report on Golddigger. The purpose is to consolidate all existing sampling and drill data and geological analyses into a single place. The CEO clarified that this will not be a maiden resource estimate.

The company intends to relog and assay about 46 historical RIRG drill holes that intersected porphyritic feeder dykes and represent about 1,400m of core. These results could be ready by June.

Goliath is targeting the second week in June to start its summer drill program. Three rigs will be mobilized to the site in May.

“Highly Compelling Investment”

Red Cloud Securities Analyst Taylor Combaluzier wrote in an April 24 research report that assays from Golddigger “have continued to impress.” Recent results showed high grades in known zones and confirmed the presence of gold mineralization in new targets.

In the Surebet zone, some new standout intercepts are 4.34 g/t Au eq over 8m and 6.91 g/t Au eq over 5m. The Bonanza zone showed 7.33 g/t Au eq over 13.1m and 5.91 g/t Au eq over 5m. These two zones alone, according to Red Cloud estimates, contain about 4,000,000–6,000,000 ounces of 6.62 g/t Au eq. Plus the property offers exploration potential at targets like Jackpot and Treasure Island.

Combaluzier also pointed out that McEwen Mining Inc. (MUX:TSX; MUX:NYSE) recently made a CA$10 million (CA$10M) strategic investment in Goliath and is now a roughly 5.4% shareholder, “an important endorsement for the company.”

The analyst has a Buy rating on the junior miner and a target price implying a 71% return.

Goliath’s story is “just amazing, and it keeps getting better, it seems,” according to Jay Taylor. At Golddigger, “there would appear to be the potential to discover a very large-scale intrusive gold system like Snowline Gold Corp.’s (SGD:TSX.V; SNWGF:OTCQB) Valley intrusive deposit at depth,” he wrote in his April 25 Hotline newsletter. [OWNERSHIP_CHART-9595]

According to Zacks Small-Cap Research Analyst Ronald Wortel, “Goliath Resources provides investors with exposure to gold, silver and copper resource exploration and leverage to an increasing in-ground inventory with discovery upside during a gold price market that reached new all-time highs.” Wortel’s valuation on the company, which he described as “a highly compelling investment in the gold exploration market,” suggests a potential return of 190% from its current share price.

Ownership and Share Structure

According to company data, 19.0% of Goliath Resources is held by Management and Insiders. Strategic and Institutional investors collectively own 9.9%, with notable holdings including Crescat Capital LLC at 14.4%, McEwen Mining (MYSE: MUX Global Commodity Group (Singapore) at 5.2%,), Mr. Rob McEwen at 3.9%, Mr. Eric Sprott at 3.0%, and Mr. Larry Childress at 1.0%. The remaining shares are held by other institutional funds and retail investors.

Goliath has 150,546,300 shares issued and outstanding. The 52-week range of Goliath is CA$0.81 to CA$2.87.

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Important Disclosures:

1. Goliath Resources Ltd. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Snowline Gold Corp.
3. Doresa Banning wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

( Companies Mentioned: GOT:TSX.V; GOTRF:OTCQB; B4IF:FSE,
)

Source: Streetwise Reports 04/30/2025

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) submitted core samples from its Nevada project after hitting visible copper zones. Read how the pending assays could mark a major step forward.

Giant Mining Corp. (CSE: BFG; OTC:BFGFF; FWB:YW5) announced that it has completed sampling of drill core from hole MHB-32, the first hole in its 2025 diamond core drilling program at the Majuba Hill Copper-Silver-Gold Deposit in Pershing County, Nevada. The 889.5-foot (271.1-meter) hole was drilled as part of a five-hole program and has now been submitted to ALS Global Services for assay. The core was logged, sawn, and sampled by company personnel in Elko, Nevada, before being delivered to ALS’s prep facility, with final analysis to be conducted in Vancouver.

Preliminary examination of MHB-32 revealed copper-bearing, magmatic-hydrothermal breccias containing secondary copper minerals such as azurite, malachite, and chalcocite. These minerals transitioned deeper in the hole to strongly oxidized copper sulfides, including chalcopyrite, and eventually to unoxidized, primary chalcopyrite at the bottom. The hole was terminated earlier than planned due to logistical difficulties.

The drilling program aligns with broader national objectives to strengthen domestic mineral supply chains. On March 20, U.S. President Donald J. Trump signed an Executive Order promoting increased American mineral production. According to Giant Mining CEO David Greenway in the company’s announcement, “Gold has hit a recent high above US$3,500 for the first time in history, and Copper is above US$4.80 per pound. Never has there been a more significant mandate to bring resource production back into domestic jurisdictions, and Majuba Hill has reached a critical moment in its development.”

E.L. “Buster” Hunsaker, Senior Consulting Geologist for Giant Mining, commented that “preliminary observation of the core from MHB-32 is encouraging,” noting that the hole is expected to define and extend copper mineralized breccia zones based on alteration patterns observed in previous drilling. “We anticipate that MHB-32 will confirm deeper extensions of the copper system at Majuba Hill and look forward to receiving the assays,” Hunsaker said.

Giant Mining plans to provide further updates as results become available. The current program builds on over 100 previous drill holes and more than 80,000 feet of historical drilling at Majuba Hill, which has also seen historic production totaling 2.8 million pounds of copper, 184,000 ounces of silver, and 5,800 ounces of gold.

Copper Market Balances Geopolitical Risk and Demand Shifts

Copper prices experienced notable volatility in recent weeks, reflecting shifting global trade dynamics, currency fluctuations, and evolving demand patterns. On April 22, Mining.com reported that copper prices had reached a two-week high, supported by a decline in the U.S. dollar. The softer dollar, which dropped to a 15-month low according to a Bloomberg index, made commodities more attractive for international buyers. Copper traded on the London Metal Exchange (LME) rose as much as 1.6 percent, reaching US$9,305 per tonne, while COMEX copper for May delivery climbed to US$4.834 per pound. However, the report also emphasized that metals remained under pressure from “global trade uncertainty sparked by US President Donald Trump’s sweeping import tariffs.”

At the SMM Copper Conference held on April 23, Jianhua Ye, Director of Big Data at SMM, provided a comprehensive macroeconomic and industry outlook. He identified multiple pressures on the copper sector, including geopolitical conflict, tariff uncertainty, and sluggish manufacturing performance in major economies. Ye explained that “the copper/gold ratio declined, reflecting strong market risk aversion sentiment.” He also cited structural tightness in global copper concentrate supplies, noting that the “shortage of copper concentrates has intensified” and that near-term improvements in the supply-demand balance were unlikely.

SMM’s analysis indicated that China’s imports of copper cathode from traditional suppliers such as Chile and Peru had decreased, while imports from Africa expanded. Ye anticipated that “domestic copper cathode inventories are expected to decrease rapidly,” driven by this shift. He also addressed end-user demand, highlighting divergence among sectors. While construction remained in a negative growth trend, energy infrastructure investments from China’s State Grid Corporation — expected to exceed 650 billion yuan in 2025 — suggested continued support for copper consumption in renewable power and electrification efforts.

Ye added that “copper consumption in the construction sector” was expected to fall by nearly 2% year over year in 2025. Nevertheless, medium and long-term fundamentals tied to new energy and EV adoption were projected to remain supportive. He also noted that the impact of newly imposed reciprocal US tariffs caused a temporary surge in COMEX copper prices in the first quarter. However, as the trade tensions escalated and economic expectations dimmed, copper prices saw downward pressure during the second quarter. SMM concluded that “as the negative sentiment from the trade war subsides,” copper prices may stabilize in the second half of the year, though pressures from a potential surplus could linger.

According to Finimize on April 29, copper continued its upward trend as prices hit US$9,458.50 per tonne on the LME, fueled by strong Chinese demand, restocking efforts ahead of the country’s Labor Day break, and a strengthening yuan. Finimize noted that this restocking drive, coupled with global supply constraints, helped tighten regional supplies and raised premiums. The Yangshan copper premium, a key indicator of Chinese import appetite, reached US$93 per tonne, the highest level since December 2023. Additionally, a premium of US$30 per tonne between LME cash and three-month contracts reflected availability issues, particularly in Asia. Finimize further reported that “US tariff speculations boosted copper stocks by 40% at COMEX warehouses,” shifting more copper inventory toward the US market and maintaining elevated global premiums.

Technical Analyst Sees Bullish Setup for Giant Mining Corp.

In a March 5 analysis, Technical Analyst Clive Maund presented a favorable view of Giant Mining Corp., citing both chart patterns and external market dynamics. He identified what he described as a “big Cup & Handle base pattern,” calling it a classic setup that often precedes upward price movement. Maund also noted an increase in trading volume on the right side of the pattern, stating that this development indicated “the company is turning the corner.”

Maund pointed to the stock’s moving averages, stating that “another upleg from here will quickly result in a bullish cross of the moving averages,” which he believed could signal the beginning of “an important new bull market.”

In addition to technical factors, Maund referenced the broader policy environment, including U.S. tariff proposals on copper imports. He observed that “the growing awareness that the tariff barriers will make domestic producers of copper like Giant Mining . . . more important” was starting to influence market sentiment positively.

Maund also reviewed historical trading data, noting that Giant Mining shares had previously reached much higher levels. “As recently as early 2023, it was trading at over CA$4.00, and if you go back further, you will find that it was trading as high as CA$140 early in 2021,” he wrote, suggesting that the current price range may represent “an excellent time to buy Giant Mining or add to positions in it.”

Upcoming Developments and Strategic Advantages

As outlined in Giant’s investor presentation, Majuba Hill’s ongoing development is strategically positioned to support the rising global demand for copper driven by electric vehicles (EVs), renewable energy infrastructure, and net-zero initiatives. Each EV requires roughly 183 pounds of copper, a significantly higher amount than traditional combustion vehicles, contributing to a projected copper demand of over 1.7 million tonnes for EVs alone by 2027. Giant Mining’s property in Nevada benefits from proximity to key mining hubs in Winnemucca, Elko, and Reno, as well as access to essential infrastructure such as electric power lines, roadways, and water supplies. [OWNERSHIP_CHART-11069]

The 2025 drill campaign aims to complete at least 2,600 feet (792 meters) of the planned 4,400 feet (1,340 meters) of core drilling, with no set maximum footage. Four of the planned holes are designed to expand on the 2024 drilling results, while a fifth will target the Southern Resistivity Anomaly identified through ExploreTech’s AI geophysical analysis.

Giant Mining’s leadership team includes resource sector veterans and experienced geological advisors, positioning the company to continue advancing its NI 43-101-compliant resource objectives. With a fully diluted share count of 115,945,962 as of March 25, 2025, and a reported market capitalization of CA$28,157,038 based on an April 1 share price of CA$0.40, the company is actively engaged in exploration to define and enhance the resource base at Majuba Hill in response to increasing domestic and global demand for critical minerals.

Ownership and Share Structure

According to Giant Mining Corp., approximately 15.1% of its shares are held by insiders. The remaining shares are held by retail investors. 

As of April 29, Giant Mining Corp. has a market capitalization of approximately CA$21.22 million, based on a closing share price of CA$0.23.

The company’s shares are traded on the Canadian Securities Exchange (CSE) under the ticker BFG, on the Deutsche Boerse AG (DB) under the ticker YW5, and on the OTC Pink Sheets in the U.S. under the ticker BFGFF, with these listings active since December 2017. Sign up for our FREE newsletter at: www.streetwisereports.com/get-news

Important Disclosures:

1. Giant Mining Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$4,000 and US$5,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Giant Mining Corp.
3. James Guttman wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

For additional disclosures, please click here.

( Companies Mentioned: CSE: BFG;OTC:BFGFF;FWB:YW5,
)

Source: Streetwise Reports 04/30/2025

After repeatedly encountering visible gold at its Quesnelle Gold-Quartz Mine in British Columbia, Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A0RLEP:WKN; 3TZ:FSE) is planning an orientation study using Chrysos PhotonAssay technology to analyze the gold in drill core and rock samples at the site.

After repeatedly encountering visible gold at its Quesnelle Gold-Quartz Mine in British Columbia, Golden Cariboo Resources Ltd. (GCC:CSE; GCCFF:OTC; A0RLEP:WKN; 3TZ:FSE) on Tuesday announced plans for an orientation study using Chrysos PhotonAssayÔ technology to analyze the gold in drill core and rock samples at the site.

The non-destructive photon assay procedure is designed to evaluate the potential for better addressing the nugget effect, one of the most persistent challenges in precious metals exploration, while potentially improving assay turnaround times, the company said.

“This innovative technology not only optimizes resource evaluation but also strengthens the transparency and reliability of assay data, which is vital for informed decision making in our exploration program and possible future resource development,” said Golden Cariboo President and Chief Executive Officer Frank Callaghan.

The process uses high-energy photons (X-rays) to interact with the atomic structure of samples, resulting in characteristic gamma emissions from gold atoms.

“This process allows for the quick analysis of larger volumes (up to 500 g) of sample material per assay, compared to traditional fire assay methods (30-50 g sample material),” the company’s release said. “It therefore boasts a huge advantage in addressing the nuggety nature typical for gold mineralization. The nugget effect is usually found to be particularly strong when coarse, visible gold is present, as encountered in almost all of the recent drill holes at the company’s Halo zone target.”

Earlier in April, the company announced that drill hole QGQ24-21 at Halo intersected a “zone of persistent gold mineralization,” which included “multiple occurrences of visible gold, starting from 257 meters downhole.” This would mark the ninth continuous drill hole showing visible gold since the Halo zone was discovered.

According to Tuesday’s release, by analyzing a bigger and therefore more representative sample, the photon assay “assures that both finely dispersed gold and coarse gold particles are accurately quantified. Photon assay is an established method widely used in multiple gold exploration and mining projects around the world with excellent results.”

The procedure will be used initially on core samples, which have already been analyzed by traditional fire assay for a comparison of both methods. If successful, photon assay may replace fire assay as the main method for gold quantification in all future core and rock samples taken at the Quesnelle Gold Quartz Mine property, the company said.

Geologists will include a selection of the previous drill holes in the study along with QGQ24-21. Assay results are anticipated to be received and reported in the coming weeks, the company said.

‘Significantly Sized’ Gold in Anomalies

In March, the company said it had identified two “significantly sized” gold in Mobile Metal Ion (MMI) soil anomalies north of the currently known extent of Halo. Detailed analysis of the MMI soil data between Hixon Creek and Buckley Creek “revealed gold anomalies that have been shown to correlate with known gold mineralization of the trenching and diamond drilling program,” geologist David Mark said. “This, therefore, shows that MMI is invaluable in outlining gold targets within the Quesnelle Gold Quartz Mine property. As such, it has revealed numerous gold anomalies throughout the MMI survey area that are new targets for future exploration.”

Earlier drilling results this year also significantly extended the Halo zone.

According to Technical Analyst Clive Maund, while “the grades found are good, the big news here is the extent of it.”

During its exploration, the company has found multiple occurrences of visible gold in its core results from the project.

“Visible gold in current drilling indicates potential for high-grade assays from mineralized targets,” Couloir Capital Senior Mining Analyst Ron Wortel wrote of the project in a recent research report as he assigned a Buy recommendation for the company’s stock, citing Golden Cariboo’s exploration initiatives as a unique opportunity for exposure to a gold resource discovery in a Tier 1 jurisdiction.

Throughout the year, Golden Cariboo plans to continue its 12-month continuous drilling and exploration program. The expectation is that the company will be drilling 7,500 meters and around 25 holes.

The Catalyst: Gold Bull Expected to Stick Around

Gold fell nearly 1% on Tuesday as signals that U.S.-China trade tensions could ease reduced some safe-haven demand, reported Anjana Anil and Sarah Qureshi for Reuters. Spot gold was down 0.8% to US$3,315.84 an ounce as of 2:22 pm ET.

“There is some optimism that there will be some de-escalation of the trade war between the U.S. and China,” David Meger, director of metals trading at High Ridge Futures, told Reuters.

“Softening trade tensions has caused a sell-off in safe-haven gold, a traditional hedge against rising global instabilities, which had risen in an unprecedented rally to notch a record high at US$3,500.05/oz last week,” Anil and Qureshi wrote.

However, writing for CBS Money Watch on Monday, Aly J. Yale noted that experts did not see gold’s overall bull market failing anytime soon.

“While there is likely a ceiling for gold prices at some point in the future, many experts are predicting further growth in the near term. But just how high could they climb? Could gold prices reach the $4,000 price point?” Yale asked. [OWNERSHIP_CHART-11131]

According to an April 10 post on Goldfix, Goldman Sachs revised raised the upper boundary of its forecast range for gold for the end of the year to US$3,520 an ounce and even introduced a “tall-risk scenario” as high as US$4,500 an ounce.

“The revision stems primarily from upside surprises in ETF inflows and persistent, large-scale central bank gold purchases,” the article noted.

Ownership and Share Structure

According to Golden Cariboo, management and insiders own 12.2% of the company, and President and Chief Executive Officer Frank Callaghan owns nearly 11%.

Retail investors hold the remaining. There are no institutional investors.

The company said it has 70.2 million shares outstanding, and its market cap is CA$7.36 million. Over the past 52 weeks, Golden Cariboo has traded between CA$0.10 and CA$0.36 per share.

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Important Disclosures:

1. Golden Cariboo Resources Ltd. has a consulting relationship with Street Smart an affiliate of Streetwise Reports. Street Smart Clients pay a monthly consulting fee between US$8,000 and US$20,000.
2. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Golden Cariboo Resources Ltd.
3. Steve Sobek wrote this article for Streetwise Reports LLC and provides services to Streetwise Reports as an employee.
4. This article does not constitute investment advice and is not a solicitation for any investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Each reader is encouraged to consult with his or her personal financial adviser and perform their own comprehensive investment research. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company.

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