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September 20, 2018

7 @ 7:00

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1. Gold has traded between $1,201 and $1,209 so far todayas of 7:00 am Pacific, bullion is up $2 an ounce at $1,206…Swiss Gold exports picked up in August, according to CommerzbankGold shipments rose 30% month-on-month to a 14-month high of 150.5 tonnes…“Significantly more Gold was shipped to China and India in particular, which points to reviving demand in these two leading Gold-consumer countries,” Commerzbank stated…Silver is up 2 pennies at $14.22Copper is off slightly at $2.74…Nickel and Zinc continue to firm, at $5.77 and $1.10, respectively, while Cobalt is steady at $28.46…Palladium has hit an 8-month high…Crude Oil continues to strengthen, up another 9 cents a barrel at $71.21…with WTI prices threatening to break out, President Trump put renewed pressure on OPEC this morning with the following Tweet:  “We protect the countries of the Middle East, they would not be safe for very long without us, and yet they continue to push for higher and higher Oil prices!  We will remember.  The OPEC monopoly must get prices down now!”…

2. The Eskay Camp has an important new player – London-listed Hochschild Mining (HOC, LON), one of the top underground mining companies in the world, and Skeena Resources (SKE, TSX-V) have cut a deal, giving Hochschild the option to earn a 60% undivided interest in the Snip Gold Project…Hochschild will first acquire 7.5 million flow-through shares of Skeena at a price of 90 cents per share (80% above yesterday’s closing price) for an 8.3% interest in the junior…in connection with that financing, Hochschild now has an option to earn a 60% interest in the project (it has a maximum of 3 years to provide notice to Skeena that it wishes to exercise that option)…to acquire the 60%, Hochschild will have to incur a minimum of nearly $34 million in expenditures on Snip as it must spend no less than twice the amount Skeena has invested in the project from March 23, 2016 (Skeena has incurred $16.9 million of expenditures to date)…

3. GFG Resources (GFG, TSX-V) has confirmed district-scale targets for a Phase 1 drill program to commence next month at its 100%-owned Pen Gold Project approximately 40 km from the prolific Timmins Gold Camp…GFG’s consolidated land package consists of approximately 475 sq. km…since acquiring the project in March, GFG has conducted extensive surface exploration programs to build a district model and prioritize and test drill targets with approximately 5,000 to 6,000 m of drilling…completion of a Phase 1 till program has confirmed regional Gold prospectivity and has outlined 5 priority areas that are associated with promising regional structures…Brian Skanderbeg, President and CEO, commented, “Our multi-disciplinary exploration strategy is clearly demonstrating the regional prospectivity of the Project.  With a district scale land package and well-developed regional structural framework in hand, we are excited with the magnitude and location of the till anomalies.  The high Gold grain counts and pristine grain textures are consistent with a proximal source and provide strong evidence to support our existing targets as well as generating new targets”…

4. Ascent Industries (ASNT, CSE) reported this morning that through its wholly-owned subsidiary, Agrima Botanicals, the company has developed a proprietary methodology for producing a variety of discrete, water-soluble cannabinoids, both in powder and liquid form…cannabinoids in their natural state are Oil-based and non-water soluble, making it challenging for beverage makers and edibles manufacturers to evenly suspend and standardize their product mixtures…water-soluble cannabinoids emulsify evenly, allowing both beverage and edibles makers to completely standardize their product mixtures, giving end consumers a consistent, high-quality product experience…additionally, water-soluble cannabinoids have a faster activation time of approximately 10 to 15 minutes in the human body, compared with 30 to 45 minutes generally for Oil-based delivery methods…when the company’s large-scale production facility, Agrima Labs, is fully licensed and operational, the company expects it will be able to provide large quantities of water-soluble formulate to beverage and edibles manufacturers as an input ingredient…ASNT was halted for the news and resumes trading at 7:15 am Pacific

5. National Access Cannabis (META, TSX-V) and the government of Manitoba have executed the cannabis retail organization agreement that will allow National Access to develop and operate 10 privately owned recreational cannabis stores in the province…the initial 10 recreational cannabis retail stores will operate under National Access’s retail brand Meta Cannabis SupplyNational Access plans to open 5 additional Meta stores in partnership with First Nations on First Nations land…“Now that the retailer relationship is official and with nine of our 10 locations selected and construction under way at select sites, NAC plans to have at least three Meta stores in Winnipeg, as well as our on-line sales, ready and open for business on October 17,” stated Mark Goliger, CEO of National Access. NAC continues to actively work with the various regulators, provincial and municipal governments to meet the needs of recreational customers and provide Manitobans with special in-store experiences and access to quality products with a range of options and pricing”…in addition, as part of National Access anticipating opening of up to 220 retail cannabis locations across Canada over the next 18 months, the company continues to develop its retail strategy to open cannabis retail locations in partnership with 4 Manitoban indigenous first nations (Opaskwayak Cree Nation, Long Plain First Nation, Brokenhead Ojibway Nation and Nisichawayasihk Cree Nation)…these partnerships are expected to establish retail cannabis distribution on First Nation lands under indigenous and National Access leadership…

6. The Dow has hit its first record high since January as gains in Apple and a decrease in trade fears lifted the 30-stock index…the Dow is up over 200 points as of 7:00 am Pacific with Apple, Boeing and Caterpillar outperforming…the S&P 500 has also hit a new record high, its first since late August, with materials and tech leading the way…it was the Wild West for Cannabis yesterday as Nanaimo-based Tilray (TLRY, NASDAQ) doubled in price to $300 a share before wiping out the entire gain in less than an hour, only to finish 40% higher than where it started…the stock has dropped back below $200 in early trading today…in Toronto, the TSX has added 31 points while the Venture is up 5 points at 719… Chemesis International (CSI, CSE) has hit a fresh high of $1.55 during the first half hour of trading…Canopy Rivers (RIV, TSX-V) has commenced trading this morning on the VentureCanopy Rivers was founded to diversify Canopy Growth’s (WEED, TSX,; CGC, NYSE) cannabis supply streams and quickly evolved into a global strategic growth platform that builds value in its partners by supporting every aspect of a cannabis venture, from licensing and genetics to financial and strategic support leveraging its close relationship with Canopy Growth…to date, Canopy Rivers has a diverse portfolio of strategic investments including licensed cannabis producers, applicants, an innovative media platform, and a leading European hemp cultivator…this diverse portfolio will expand as new opportunities emerge in the global cannabis industry…Canopy Rivers presents a world of opportunity for its partners and for Canopy Growth.  It’s the type of relationship that allows us to continue to grow our lead in this incredibly dynamic industry, and we at Canopy Growth couldn’t be more excited for Canopy Rivers to be taking this transformative step into the public markets,” said Bruce Linton, Chairman and co-CEO, Canopy Growth and Acting CEO, Canopy Rivers.  “Whether it’s access to new brands, new technologies, differentiated products, first rights to future financing opportunities, and even rights to future full acquisition, Rivers will build value for shareholders, including Canopy Growth by building value for its portfolio partners”

7. Attack in Colombia:  Continental Gold (CNL, TSX) has learned that a residence, in which exploration geologists and contractors were staying, was criminally attacked in the middle of the night…this tragedy took place in the village of Ochali in the municipality of Yaramul, Antioquia, which is located within the boundaries of the company’s Berlin Project…this is unrelated to the Buritica project as it is located over 8 hours away by road…details at this point are unclear as to the severity of the attack but the worst is feared…initial indications are that the attack was carried out by a dissident group of ex-FARC (Revolutionary Armed Forces of Colombia) members…the company is working with authorities and the families affected…

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3 Comments

  1. Hi Jon/John, Are you guys thinking we will see news from GGI during trading hours or more likely after hours? Today or tomorrow?

    Comment by Tycoon777 — September 20, 2018 @ 8:47 am

  2. It’s GGI time. Let’s see what we got….

    Comment by flyinthruu — September 20, 2018 @ 9:52 am

  3. And what about CLM and their LONNNNGGGGGGGGGGGGGGG awaited NR ????? We were told last Thursday that there was a longshot chance for News on Friday, but most unlikely, however Monday and Tuesday most likely … as far as I can see, it is Friday morning and still not a word …….. one more week and I’m cashing in and moving on !!! Shareholders totally left in the dark, with abs no Drill News from their Ontario Property that was drilled like half a year ago …… enough is enough !! DON’T LET US DOWN STEVE R !!!! It is still the week of Sept 27th , but for much longer

    Comment by farmer — September 20, 2018 @ 10:05 pm

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