Sunday, October 23, 2016

SolGold PLC - AIM: SOLG.l

SolGold PLC - AIM: SOLG.l carries a diverse portfolio of exploration projects in Ecuador, Solomon Islands and Australia.

SolGold has been focused on the Andean Copper Belt in Northern Ecuador since 2012. The Cascabel Project is SolGold's flagship project.
On October 17, 2016 the company released News

Further to its previous market releases of 26 September 2016 and 14 October 2016, and following the approvals obtained at the Company’s General Meeting of Shareholders, the Board of SolGold Plc ("SolGold" or "Company"; AIM code: SOLG) is pleased to advise that the Company is today issuing a total of 142,896,661 new ordinary shares of 1p each (“Ordinary Shares”) for a total consideration of USD22,863,466 to Newcrest International Pty Ltd, a wholly owned subsidiary of ASX-listed Newcrest Mining Ltd (Newcrest), Australia’s largest gold miner and block cave mining expert.

The new Ordinary Shares will be issued at a price of US16 cents per share.

Friday, October 21, 2016

Scrap metal turns out to be $33 million Faberge golden egg

A $14,000 find turned into millions for a man who'd been thwarted in his attempts to turn a quick profit by selling the tiny ornament to scrap metal dealers.

The man had been left financially stretched after he apparently overestimated what the tiny golden egg would be worth once melted down. He'd been hoping to make $500.

In a fit of desperation he typed "egg" and the name engraved on the clock it contained -- "Vacheron Constantin" -- into Google. His search brought up a 2011 article describing a "frantic search" for the object: the Third Imperial Easter Egg, made by Faberge for the Russian royal family and estimated to be worth 20 million pounds ($33 million).
The man contacted Faberge expert Kieran McCarthy and flew to London to visit McCarthy's workplace: Wartski jewelers in Mayfair.

McCarthy said he had no warning about the visit. "A gentleman had walked in wearing jeans, a plaid shirt and trainers. His mouth was just dry with fear," McCarthy said, to the extent that he could barely speak. "He handed me a portfolio of photographs, and there was the egg, the Holy Grail of art and antiques."
The egg was thought to have been lost after the Soviets listed it for sale in 1922 as part of a policy of turning "treasures into tractors," but in 2011, Faberge researchers recognized it in a 1964 auction catalog, reviving hopes it had survived and prompting the Telegraph article.

After the revolution, 42 of the imperial eggs made their way into private collections and museums. Eight, including the Third Imperial Egg, were thought to have been lost. Two others are thought to have survived, though their locations remain a mystery.

Darnley Bay Resources Limited - DBL.v

Darnley Bay Resources Limited - DBL.v is a development stage company with two advanced base metal projects in Western Canada and an exploration project in the Canadian Arctic.

On October 17, 2016 the company released News

Darnley Bay Resources Ltd. (TSX VENTURE:DBL) (“Darnley Bay” or the “Company“) is pleased to announce an updated mineral resource estimate for the Davidson molybdenum and tungsten property near Smithers, British Colombia. The estimate was undertaken by independent consultants, Jim Cuttle, P.Geo. and Gary Giroux, P.Eng. Since the last resource estimate on the property in 2007 (also by Gary Giroux), a previous operator drilled 23 additional holes and these have been incorporated into the new resource estimate.

Total drilling on the property to date is 72,815 metres in 218 drill holes, dating back to the 1950s. All of the drill core has been securely stored and is available to Darnley Bay. Giroux and Cuttle estimate the following Measured and Indicated Resources (“M&I”) at a 0.20% and 0.28% MoS2 cut-off:

Thursday, October 20, 2016

The Walton Nickle

It's a mysterious US nickel that was estimated to bring $2.5 million at auction. The coin, known as the Walton nickel, surpassed estimates and sold for $3.17 million in early 2013.
This nickel is both old and rare, one of only five that were struck at the U.S. Mint in Philadelphia in 1913. That year a buffalo image was to replace the Liberty head design on the front side of the U.S. nickel. Five coins were inadvertently struck with the old image.

The coin is not supposed to exist. It is supposed to have the buffalo design.

The existence of the coin and its four mates was not discovered until 1920, by which time the five 1913 Liberty head nickels had fallen into the hands of different owners. But for many years, the Walton nickel, named after one of its owners, coin collector George Walton, went missing.

The last time the Walton nickel was up for sale was 1944, when Walton bought it for $3750. Eighteen years later, Walton was killed in a car accident while on his way to a coin show. Though Walton's collection was recovered, his family was told that the 1913 Liberty nickel he had with him that day was a fake.
A decade ago, as a promotion for a display of the other four nickels in the set, a $1 million reward was offered for anyone who brought in the missing coin. Walton's family decided to bring their nickel in to see if it might be real after all. Indeed it was.

The family decided to put the coin up for auction. "It's been in their family for 70 years. They decided that the hundredth anniversary of the coin was the right time to sell it and for another collector to have it.

Critical Elements Corporation - CRE.v

Critical Elements Corporation - CRE.v is advancing the flagship Rose Lithium-Tantalum project in Quebec.

A PEA on the project suggests an IRR of 25%, with an estimated Net Present Value (NPV) of CA$279 million at an 8% discount rate. The payback period is estimated at 4.1 years.

On May 18, 2016 the company released News

Critical Elements Corporation (“Critical Elements” or the “Company”) (TSX-V: CRE) (US OTCQX: CRECF) (FSE: F12) and Natan Resources Ltd (“Natan”) (TSX-V: NRL) are pleased to announce that the Phase 1 exploration program for Duval Project in Northern Quebec is being finalized, and the Company has commenced its program in the field. The Duval Project is contiguous to and along strike with the Whabouchi project of Nemaska Lithium Inc. (“Nemaska”) who recently reported encountering a new lithium-bearing zone in the south-western end of the planned pit area (see Nemaska press release dated September 6, 2016). Nemaska reported that this new zone has been intersected in multiple drill holes at up to 500 m vertical depth, and is located at the south-western end of the pit area, approximately two kilometers from the north-eastern boundary of Duval 2,459 hectare property.