Great Presentations From The 2024 Precious Metals Summit Beaver Creek

Companies featured in this report are Goliath Resources, Northisle Copper and Gold, NeXGold Mining, Tudor Gold, McEwen Mining and Xali Gold.

As I was listening in on presentations at the Beaver Creek mining conference, I was surprised how many of the speakers are talking about how tough the market is for juniors. Including some that are loaded up with cash and have stock prices trading near their 52-week highs. I find that as a very bullish contrary indicator, but I can certainly understand that it doesn’t instill a lot of confidence for investors.

During my three decades working in the mining sector, I have seen several cycles and mining company executives that had phenomenal success in bull and bear markets for mining stocks. A common denominator that always stands out is that no matter what the market conditions are, they are driven to succeed and inspire confidence when they speak about their projects and the metals they were focused on. 

I get concerned about management when they do public presentations and one of the first things they talk about is how tough the market is. It makes me think that they are managing the company with one eye on advancing their project and the other on the market.

If the first thing they talk about in a publicly broadcasted presentation is to talk about the challenging market, I can only imagine how depressing their presentation is in personal conversations with shareholders and potential investors. Meanwhile, gold is trading at record highs and heading higher, there has never been a better time to be building a gold company. 

I’m paying special attention to the uplifting presenters at the Beaver Creek conference. I love to hear those kinds of presentations when companies have special projects and understand how bullish things are for gold. Leaders like this are what the gold space needs more of.

I’m no different than everybody else, I want to be inspired by visionary leaders. If management can’t see how great their projects are and how powerful the gold bull market is, they will stuggle to inspire others to see they are prepared for success. 

There were some great presentations at the Beaver Creek conference, I linked to some of them in the report yesterday and I have some more for this report.

Great Mining Stock Stories Being Told At The Beaver Creek Conference

Goliath Resources

Roger Rosmus did his presentation in the morning and had to cut it off a few minutes early as he had an important meeting to go to, I hope it went as well as his presentation. He did a great job of explaining what has been accomplished over the past few years of drilling and how well things are going with their current drilling campaign. Originally, it was planned for 15k metres of drilling that has been expanded to 36k metres of drilling. Since starting the drill campaign they were able to raise the money to over double the drilling program. Currently, they have 8 drill rigs pounding away and they have seen visible gold in 66% of the holes. They should have assays to report from soon until early 2025. You can find the presentation here: https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/11/goliath-resources-limited/play/stream/38850

Northisle Copper and Gold

I have been watching this company for a while now and was impressed with the uplifting presentation their CEO gave at the conference. I’m going to do additional homework on the company and invite their CEO for an interview to introduce the company to viewers of Rocks And Stocks News. In the meantime, I invite you to start your homework by checking out the presentation here: https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/11/northisle-copper-and-gold/play/stream/38853

NeXGold Mining

NeXGold is focused on advancing their project in Dryden, Ontario. I’m a big fan of Dryden due to its geological similarities to Red Lake, Ontario. They have an advanced stage project and financial backing from Frank Giustra who can help them execute on their business plan. The first step is to build a mine at their Dryden project and then use that to build the company into a bigger company. Frank Giustra has used the buy and build strategy for his big successes in mining and NeXGold looks well positioned to use that growth strategy. Their President, Morgan Lekstrom, did an encouraging presentation that you can find here: https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/11/nexgold-mining-corp/play/stream/38856

Tudor Gold

I’ve been following their project in the Golden Triangle of British Columbia for several years. Initially, it was early in their exploration success and since then they have continued to advance their gold project in an impressive way. They have a resource in their open pit resource of over 25 million ounces of gold. During the presentation by their CEO, Ken Konkin, he talked about their impressive resource and also highlighted that there is high-grade gold within the resource that could be a starter for mining the project. You can find the presentation here: https://www.gowebcasting.com/events/precious-metals-summit-conferences-llc/2024/09/11/tudor-gold-corp/play/stream/38860

In The News

McEwen Mining

These days, McEwen Mining is mostly being followed for their interest in subsidiary McEwen Copper due to it having a spectacular copper development project in Argentina. Earlier this morning, they announced drilling results from their Grey Fox deposit, in the Timmins region of Ontario. One of the highlight holes included 13.8 g/t gold over 2.4 m. The drilling was confined to the first three hundred metres from the surface, as they wanted to focus on testing for gold mineralization near underground workings. One thing that jumped off the page was the plan view that shows a vast array of parallel zones of mineralization. Another was a cross section that showed several stacked zones that are all parallel and dipping in the same direction. My first impression was there are an incredible amount of zones spread out throughout the property. Another remarkable part of the project is the stacked zones all dipping in the same direction which immediately made me think they are screaming to be drilled deeper. It looks like they are all wide open to follow deeper and are radiating from a deeper source. The sheer volume of mineralized zones clearly shows that this is a very powerful gold mineralizing system with deep roots. 

Explorer On The Radar Screen

Xali Gold

Xali Gold’s CEO, Joanne Freeze, was the QP geologist for Arequipa who made a massive gold discovery during the 1990s in Peru. Recently, they announced a deal to acquire a project in Peru along the geological trend where Arequipa made their Pierina gold discovery. I’m a big fan of Peru due to the incredible geology and most recently because the government is opening their arms to mining. For several years, they had politicians that were against mining, but they have totally switched that into being mining-friendly similar to what President Milei of Argentina is doing. Joanne Freeze is a very talented geologist who has spent most of her career in Peru, she knows the geology inside out in the country. I was impressed to see the addition of the project in Peru that is a great compliment to their project in Mexico. Their El Oro project in Mexico is a tremendous exploration project. It had historical mining of over 5 million ounces of high-grade gold from two epithermal veins in a cluster of epithermal veins. Yet, is still underexplored. High-grade gold epithermal veins systems are rare but can be spectacular such as Hishikari in Japan. I’m looking forward to drilling at their Peru project followed by drilling in Mexico.

Allan Barry Laboucan

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