Dr. Copper In The House: Thom @ Large

By Thom Calandra

www.babybulls.com

VANCOUVER, Canada — Vancouver’s two January resources get-ups, Cambridge House for investors and B.C. Round Up for geos & technicians, gave us flogging five-day rains, one superb NHL hockey match … and plenty of hard-asset bravado:

• “I don’t own stocks any more; I own colored diamonds,” diamond seller Colin Ferguson told me at a private party I hosted with Cambridge House‘s Joe Martin. (I invite the guests and Joe entertains ’em.)  Mr. Ferguson, a 51-year-old Vancouver Island resident, says we’ll see reports of diamond warehousing by aggressive hedge funds. Worldwide demand for diamonds is on track to exceed supply by 7 million carats. The “coloreds,” champagnes (cognac hues), pinks, blues and greens, are beginning to flash in fashion-minded markets. Colin will be at Mr. Martin’s Palm Springs investment conference at Indian Wells, California, in two weeks. I want to see more of these stones. (See: www. cambridgehouse.com)
  

  Dr. Clarke At PMI Gold Booth

• “Poly-metallic mines and properties are always in demand,” Tom Macneill says. I came across Mr. Macneill, a lifelong  Saskatchewan resident and longtime chief of 49 North Resources (FNR in Canada), across the street from Waterfront at lunchtime. Tom, sitting at a lunch counter, is sitting on his merchant bank’s 10-percent-plus ownership of surging DNI Metals (DNI). DNI is a northern Canada smorgasbord of elements in an expansive property portfolio. I am fortunate to own FNR and DNI after a fishing trip a couple years back with Tom, Bob Bishop, Doug Casey and others, way up there in Saskatchewan. (By the way, Mr. Macneill is hot on uranium prospectors right now — especially one big one whose first letter is C and its last O.)
• I tested my latest think on the exhibit floor at the Joe show; copper-gold porphyrys will outpace market gains of all metals equities in coming weeks. “When Dr. Copper is in the house, it’s a very, very, very good house,” says Don Mosher. Don represents Riverstone Resources (RVS), a Burkina Faso prospector whose shares look ready to bust out after a largely ignored resource report. A geologist I rely on for analysis, Dr. Peter Megaw of Minaurum (Gold (MGG), Candente Gold and others, told me, “Copper is a big-company business. A billion tonnes of half-percent copper with the gold credit blended in, that takes care of a lot of the risk of taking on a development.”

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Golden Valley Mines Signs Option Agreement

Golden Valley Mines (TSX-V:GZZ; OTC Other: GLVMF) announced today that it has entered into an option agreement with Golden Cariboo Resources Ltd. in respect of a portfolio consisting of twelve (12) properties located in the Abitibi Greenstone Belt.

Golden Valley has granted an option to Golden Cariboo to acquire a 70% interest in certain properties held as to a 100% interest by Golden Valley and located in the Abitibi Greenstone Belt of northwestern Quebec and northeastern Ontario (the “GZZ Properties”). Concurrently, and subject to net smelter return royalty interests and advance royalty interests in favour of the original vendors (one of which is a director and officer of the Company), Golden Valley and Integra Gold Corp. (“Integra”) have granted an option to Golden Cariboo to acquire a 70% interest in certain properties located in the Abitibi Greenstone Belt of northwestern Quebec (the “GZZ-I Option”); these properties are held as to a 70% interest by Golden Valley and as to a 30% interest by Integra pursuant to a joint venture agreement between Integra and Golden Valley (the “GZZ-I Properties”). The GZZ Option and the GZZ-I Option are together referred to herein as “the Option”. Golden Valley will be operator during the option phase.
Read more at: http://finance.yahoo.com/news/Golden-Valley-Mines-Ltd-New-ccn-153282848.html?x=0

Golden Valley Samples 109 g/t Gold, 91 g/t Silver, and 1.9% Moly

Golden Valley Mines  (OTC Other: GLVMF; TSX-V: GZZ) has completed its 2011 exploration program on its 100% owned properties within the Abitibi Greenstone Belt in Quebec and Ontario.  Exploration activities focused primarily on preliminary fieldwork, including “boot and hammer” prospecting and sampling, grid establishment, and follow-up ground geophysical surveys.  The purpose of the 2011 program was to upgrade and advance each property to “drill-ready” status. 

To date, a total of 17 grids have been established on separate properties for a total of 255.5 line kilometres; and 18 individual property geophysical surveys have been completed. Based on these geophysical results as well as results from 2010, 52 “higher priority targets” were interpreted and have been proposed for approximately 6,915 metres of drill testing.

In addition, a summer 2011 prospecting and sampling program was completed targeting geophysical anomalies and historical surface showings, over the Company’s 100%-owned properties acquired by the Company over the last several years. 24 prospects and/or areas of interest were prospected and sampled, resulting in the collection and assay of 102 rock samples, highlights of which include: 109.0 g/t gold & 22.8 ppm silver from the Baden Prospect; 5.81 g/t gold & 19.4 ppm silver from the Gosselin Prospect; 91.0 ppm silver, 2.10% zinc, 7,670 ppm lead from the Jonsmith Prospect, and 20.4 g/t gold from the Oregon Prospect and 1.9% molybdenum and 2.9 ppm silver from the Steeloy Prospect.

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Thom Calandra: Taking Calculated Yet Extreme Risks in Mining

Thom Calandra, a long-time journalist and mining investor, knows what risks to stomach in search of jaw-dropping returns. Geopolitical risk, for one. Karen Roche of The Gold Report caught up with him at The New Orleans Investment Conference to see what this 30-year veteran of analyzing financial markets took away from the event. In this interview, Calandra revealed what mining gems he’ll be eyeing for his portfolio and why he’ll never invest without setting foot on a project first.

The Gold Report: Thom, you’ve been able to identify some tenfold-return candidates in Ghana, Colombia, Sierra Leone, Quebec and Ethiopia. What creates a candidate that can give you a 10x return and how does one find these candidates?

Thom Calandra: Karen, I’ve been a financial journalist for 30 years. I’ve focused entirely on natural resources for the past 12 years. I’m also a very heavy investor and I do some investor relations on the side. That combination gives me the ability to meet people a retail investor might not. I like to think I know most of the companies out there with interesting projects.

Golden Valley Mines Featured in Interview with Prominent Fund Managers

Golden Valley Mines (OTC Other: GLVMF; TSX-V: GZZ) is featured in an interview with prominent fund manager’s Larry Cyna, CEO and David Toles, Special Advisor of Cymor Strategic Growth Funds, a hedge fund focused on the junior resource sector.  Larry Cyna elaborates on his investment philosophy, opinion about gold, and opportunities for small cap investors in the resource sector. 

Complete Interview