NWDMF - New Dimension Resources (Gold)

Discussion in 'Stock picks and trading strategies' started by goldismyfriend, Jul 27, 2020.

  1. New Dimension Provides Update on Scandinavian Gold and Copper Projects

    2020-10-28 07:00 MT - News Release


    New Dimension Provides Update on Scandinavian Gold and Copper Projects
    Canada NewsWire

    VANCOUVER, BC, Oct. 28, 2020

    TSX-V: NDR

    VANCOUVER, BC, Oct. 28, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV: NDR) (the "Company", New Dimension" or "NDR") is pleased to report that it has successfully completed its on-site due diligence on the Løkken and Kjøli base metal projects in Norway and the Southern Gold Line project in Sweden (collectively, the "Scandinavian Projects"). The Company holds the right to acquire 100% interests in the Scandinavian Projects pursuant to an option and purchase agreement with EMX Royalty Corporation (NYSE American: EMX; TSXV: EMX)(Figure 1) (refer to the Company's press release dated August 11, 2020). The Company is also pleased to report that field crews have been mobilized to all three projects with the objective of advancing priority targets to drilling.

    Project Highlights

    • New Dimension has successfully completed on-site due diligence on the district-scale land holdings optioned from EMX around the past-producing Løkken and Kjøli copper-zinc(-silver-gold) deposits in central Norway and the Southern Gold Line gold project in central Sweden.
    • Field crews have been mobilized to all three Scandinavian Projects, with the immediate focus being on:
      • Prioritizing high-grade copper-rich massive sulfide ("VMS") targets at both Løkken and Kjøli for drilling. Previous targeting focused on the locations of mineral occurrences and high-conductivity anomalies in airborne electromagnetic data, with the current work program further refining these targets through the acquisition of detailed ground magnetic data and select soil geochemical sampling. Approximately 4.5km of the prospective 15km strike length at Kjøli has now been covered by detailed ground magnetic data (Figures 2 & 3). Field crews were mobilized to Løkken in early October to undertake similar field programs.
      • Planning is underway for a "bottom of till" auger drill program on the Rötjärnen claim at Southern Gold Line, where locating the source of gold-mineralized boulder trains remains a high priority. In parallel, a low-cost regional Bulk Leach Extractable Gold ("BLEG") sampling program continues on the 50,000 Ha property.
    • The Company is adequately funded to advance the Scandinavian Projects to drilling after the completion of its recent financing.
    • The Company intends to complete a technical report in compliance with National Instrument 43–101 ("NI 43-101") on one of the Scandinavian Projects; a technical report for Løkken has now been initiated and is expected to be filed by mid-November.
    Eric Roth, New Dimension's President and CEO, commented today: "I am very pleased to be reporting that our on-site due diligence of the Scandinavian Projects has been completed, and that field crews are now busy working on the advancement of our priority targets to drilling. I am particularly excited by the potential for new discovery at both Løkken and Kjøli, given that existing geological and geophysical datasets suggest numerous untested anomalies (including some "walk-up" drill targets) along strike from previous mining operations. At Southern Gold Line, our immediate focus is to locate the source of gold-mineralized boulder trains in the southernmost Rötjärnen claim. In parallel, a low-cost reconnaissance BLEG sampling program is being undertaken across the entire property. Having been on-site at all three properties, I can personally attest to the potential for significant discovery and upside therein for New Dimension.

    Aside from short term news flow from our three Scandinavian properties, I am also looking forward to keeping the market informed on advances made at our two high-grade gold Joint Venture projects - Domain (Yamana Gold JV) and Savant Lake (Ethos Gold JV) – as well as the recent Sierra Blanca divestiture (Austral Gold). The Company is now entering a phase of unprecedented exploration activity on a quality mix of high-grade gold and base metals projects."

    Link to figures:

    https://newdimensionresources.com/site/assets/files/13136/2020_10_scandinavia_acquisition.pdf

    Scandinavian Project Overview

    Kjøli Copper-Zinc(-Silver-Gold) VMS Project, Norway

    The Kjøli copper-zinc(-silver-gold) VMS project represents a district-scale (120 square kilometres, or 12,000 Ha) land position on the northern extension of the greater Røros district, which saw mining for over 300 years beginning in the mid-1600's. The Kjøli claims covers approximately 15 km of prospective stratigraphy extending north from the past-producing Killingdal mine, which operated from 1674 to 1986 and produced some 2.9 Mt @ 1.7% Cu + 5.5% Zn1 from one of Europe's deepest (1.4km) underground mines, and also covering the former Kjøli mine and numerous mineral occurrences in between. Recent field mapping and airborne geophysical surveys have identified numerous exploration targets on the Kjøli claim block that have not yet been followed up. In addition, a regional-scale thrust fault has superimposed post-mineralization sandstones over the mineralized volcano-sedimentary sequences in the western portion of the property, and the potential for the discovery of buried massive sulfide deposits beneath the thrust remains high.

    Field activities were initiated at Kjøli during September with ground magnetic and soil sampling surveys having now been completed over approximately 4.5km of the 15km of the prospective stratigraphy which hosts the historic copper mines and key mineral occurrences. Nearly 200 line kilometres of ground magnetic data have been acquired to date and 400 partial leach samples taken. Data from the ground magnetic survey is currently in the process of being processed and interpreted, with results from samples taken from the geochemical survey pending.

    1 Historic production figures are from Birkeland, A. (1986) Mineralogisk og geokjemisk undersokelseav Killingdal gruver, Sor-Trondelag. M. Scient. Thesis, University of Oslo in Geological Survey of Finland, Special Paper 53 pg. 86.

    Løkken Copper-Zinc(-Silver-Gold) Project, Norway

    The Løkken copper-zinc(-silver-gold) project is located approximately 50km SW of the regional centre of Trondheim in central Norway. The Løkken claim block covers a total area of 210 square kilometres (21,000 Ha) and includes the former Løkken underground mine (which closed in 1987 in response to low metals prices), the associated historical mineral processing facilities, plus multiple satellite bodies of mineralization with varying degrees of development. Løkken is considered to be one of the largest ophiolite-hosted Cypress-type VMS deposits by tonnage to have been developed in the world and produced around 24Mt @ 2.3% Cu and 1.8% Zn (plus silver and gold credits)2. Historical records also suggest incomplete extraction of all high-grade copper-zinc blocks in the underground mining operation.

    Field work is currently in progress at Løkken and includes the undertaking of ground magnetic and soil geochemical surveys over key regional target areas, commencing with the Dragset target (Figures 4 & 5). In parallel, efforts to obtain and reprocess existing regional airborne electromagnetic datasets (key for modelling buried massive sulfide mineralization), together with the digitizing of former underground mine plans for Løkken, are in progress. The Company expects to be able to continue undertaking field activities at Løkken until the arrival of winter snows (likely late November), with the permitting of drill targets expected to be undertaken immediately thereafter.

    2 Historic production values quoted for Løkken are from Grenne T, Ihlen PM, Vokes FM (1999) Scandinavian Caledonide metallogeny in a plate-tectonic perspective. Mineral Deposita 34:422–471, Neither NDR or EMX have performed sufficient work to verify the published data reported above, but both Companies believe this information to be considered reliable and relevant.

    Southern Gold Line, Sweden

    The Southern Gold Line project is located in north-central Sweden and consists of 500 square kilometres (50,000ha) of mineral claims located in the immediate vicinity of Dragon Mining Ltd's Fäboliden development project and Svartliden gold mine3 (Figure 6). The Southern Gold Line exploration concessions cover areas with similar geologic and structural settings to the Fäboliden deposit (orogenic gold deposits located at, or near, granitoid-greenstone contacts). Host rocks to the high-grade gold mineralization are Paleoproterozoic in age. Reconnaissance sampling and mapping programs are ongoing, with initial BLEG samples collected across portions of the licenses showing multiple areas with enrichment of gold in stream sediments. Planning for bottom of till / top of bedrock auger drilling in the highly prospective southern Rötjärnen claim, where gold mineralized boulder trains have been identified on surface, is underway with auger drilling currently expected to be undertaken in late 2020.

    3 References made to nearby mines and analogous deposits provide context for the Southern Gold Line project but are not necessarily indicative that the project hosts similar tonnages or grades of gold mineralization.

    Qualified Persons and Disclosure Statement

    The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, the Company's President & CEO, a director and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 25 years of experience in international minerals exploration and mining project evaluation.

    On Behalf of the Board of New Dimension Resources Ltd.

    "Eric Roth"

    ___________________________
    Eric Roth, Ph.D., FAusIMMPresident & CEO

    About New Dimension Resources Ltd

    New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's precious metals focus is on the discovery through exploration of high-grade gold deposits on its recently optioned Southern Gold Line Project (Sweden), as well as on its active Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba), and the divestiture of Sierra Blanca (Argentina) to Austral Gold Ltd. The Company's base metals focus is on the discovery of high-grade copper-rich VMS deposits on the district-scale land positions around the past-producing Løkken and Kjøli mines in central Norway. Field activities are underway on all projects, with the primary focus being to advance priority targets to drilling.
     
  2. New Dimension Signs Binding Letter of Intent with Cerrado Gold for Sale of Minera Mariana Argentina S.A.

    2020-10-28 07:30 MT - News Release


    New Dimension Signs Binding Letter of Intent with Cerrado Gold for Sale of Minera Mariana Argentina S.A.
    Canada NewsWire

    VANCOUVER, BC, Oct. 28, 2020

    TSX-V: NDR

    VANCOUVER, BC, Oct. 28, 2020 /CNW/ - New Dimension Resources Ltd. (TSXV:NDR) (the "Company", New Dimension" or "NDR") is pleased to announce that it has entered in to a Binding Letter of Intent ("LOI") with Cerrado Gold Inc. ("Cerrado") for the sale of its 100% interest in its Argentine subsidiary, Minera Mariana Argentina S.A. ("Minera Mariana")(the "Transaction"). Minera Mariana is owner of the Las Calandrias and Los Cisnes gold-silver projects, in addition to an extensive portfolio of exploration concessions in the Eastern Deseado Massif, Santa Cruz Province, southern Argentina. The transaction is subject to successful completion of due diligence and is expected to close on or around November 30, 2020.

    Cerrado is owner and operator of the Minera Don Nicolas ("Don Nicolas") gold mine, a 1,000 tonne per day gold mining/processing facility located immediately adjacent to Minera Mariana's Las Calandrias project.

    Highlights of the Transaction

    • New Dimension will receive USD 50,000 in cash within 10 days of signing of the Binding LOI.
    • New Dimension will receive CAD 2.25 million in Cerrado shares. The exact price and number of shares to be issued will be calculated based on the price of Cerrado's shares as determined in anticipation of a concurrent financing with its planned listing on either the Toronto Stock Exchange or TSX Venture Exchange (expected to be completed by December 31, 2020).
    • New Dimension will retain indirect exposure to future exploration and operational success at both Las Calandrias and Don Nicolas through its shareholding in Cerrado.
    Eric Roth, New Dimension's President and CEO, commented today: "I am very pleased to be announcing today the sale of our Argentine subsidiary, Minera Mariana, to Cerrado Gold. This agreement will allow the Las Calandrias project, in particular, to benefit greatly from the exploration and operational expertise of the Don Nicolas team, with its geographical proximity to Don Nicolas' current mining/processing operations at Paloma and Martinetas also providing Las Calandrias with synergies for potential future development.

    With the divestiture of Minera Mariana, the Company will now be able to focus its activities on advancing its recently acquired Scandinavian projects - the high-grade copper-rich Løkken and Kjøli massive sulfide projects in Norway, and the Southern Gold Line orogenic gold project in Sweden - as well as its two Canadian high-grade gold Joint Ventures - Domain and Savant Lake. With the Company's renewed focus on a quality mix of high-grade gold and copper projects in favourable jurisdictions within the northern hemisphere, I look forward to keeping the market informed as we advance our projects towards drilling."

    Las Calandrias Project Overview

    Las Calandrias is an advanced-stage gold-silver project located immediately adjacent to Don Nicolas' mining operations at Paloma and Martinetas. The project currently contains two main mineralized zones – i) the bulk-tonnage, dome-hosted Calandria Sur deposit and ii) the high-grade Calandria Norte and Morena vein/breccia zones. The Calandria Sur zone is located along the southern limit of the Company's claim block and extends across this boundary into Don Nicolas' claim block (where it is known as the Escondido mineralized zone). The high-grade Calandria Norte and Morena gold-silver vein/breccias lie along NE-trending structures in the central portion of the Las Calandrias claim block and were the focus of the Company's most-recent (2018) drilling. Further potential still exists to expand the known mineralized zones at Calandria Norte, Morena, and the sub-parallel Despreciada/Nido vein zones through drilling.

    Qualified Persons and Disclosure Statement

    The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, the Company's President & CEO, a director and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 25 years of experience in international minerals exploration and mining project evaluation.

    On Behalf of the Board of New Dimension Resources Ltd.

    "Eric Roth"__________________________

    Eric Roth, Ph.D., FAusIMMPresident & CEO

    About New Dimension Resources Ltd

    New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's precious metals focus is on the discovery through exploration of high-grade gold deposits on its recently optioned Southern Gold Line Project (Sweden), as well as on its active Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba), and the divestiture of Sierra Blanca (Argentina) to Austral Gold Ltd. The Company's base metals focus is on the discovery of high-grade copper-rich VMS deposits on the district-scale land positions around the past-producing Løkken and Kjøli mines in central Norway. Field activities are underway on all projects, with the primary focus being to advance priority targets to drilling.
     
  3. Cerrado’s resource inventory in Argentina reaches one million ounces of gold

    https://www.mining.com/cerrados-resource-inventory-in-argentina-reaches-one-million-ounces-of-gold/

    MINING.COM Staff Writer | October 29, 2020 | 5:15 am Exploration Latin America Gold

    Cerrado Gold, a privately-owned Toronto-based mining and exploration company, announced that it has entered into a binding letter of intent with New Dimension Resources (TSXV: NDR) to acquire 100% of its Argentine subsidiary Minera Mariana Argentina S.A.

    To go ahead with the deal, Cerrado Gold will have to pay a purchase price of C$2.25 million payable in shares of Cerrado.

    The main assets owned by Minera Mariana are the Las Calandrias and Los Cisnes projects, located in the southern Santa Cruz province. In total, the projects consist of approximately 60,400 hectares with the bulk of the landholdings on the property adjacent to Cerrado’s Minera Don Nicolás gold mine.

    According to the Canadian miner, the acquisition of these projects implies the addition of 379,000 ounces of gold and six million ounces of silver in the indicated category and 42,000 ounces of gold and 401,000 ounces of silver in the inferred category, directly adjacent to Don Nicolás’ Escondido deposit.


    “The additional gold resource base increases our total resource inventory in the region to just under one million ounces in Argentina,” Mark Brennan, Cerrado’s co-chairman and CEO, said in a media statement. “This transaction will support, not only additional resources for the Don Nicolás mill but also support our ongoing review of the potential to use ore leaching of lower grade materials at the north of our property. We expect to complete these studies and complete an economic assessment early in the new year with the potential to increase our annual production rate by 20-30K ounces per year.”

    Note: As per NDR's news release from yesterday, Cerrado Gold will be listing either on the TSXV or TSX by the end of 2020.
     
  4. New Dimension Resources October 30th 2020 Interview & Technical Charts

    http://www.kereport.com/2020/10/30/...rway-and-jv-deals-on-the-canadian-properties/

    COMPANY UPDATES FROM MANAGEMENT – FRI 30 OCT, 2020

    NEW DIMENSION RESOURCES – A RENEWED FOCUS ON GOLD AND COPPER IN SWEDEN AND NORWAY, AND JV DEALS ON THE CANADIAN PROPERTIES

    Eric Roth, President and CEO of New Dimension Resources (TSX.V: NDR) joins me for a comprehensive discussion on the new focus of exploration in Sweden and Norway. After selling the Company’s projects in Argentina and acquiring the 3 Scandinavian projects, 1 in Sweden and 2 in Norway, the Company has plans start drilling by next year.

    We also discuss the 2 Canadian projects that are under joint ventures with Yamana and Ethos Gold. If you have any follow up questions for Eric please email me at Fleck@kereport.com.



    Technicals are showing a 96% overall buy rating: https://www.barchart.com/stocks/quotes/NDR.VN/opinion
     
  5. Spoke to management and a new corporate website & presentation will be out shortly. This can help clarify the assets that New Dimension Resources owns. For a $11 million market cap company, if you compare it’s value to other gold/metal exploration companies, you’ll see how severely undervalued it is.

    Based on the most recent news and interview with CEO Eric Roth:

    - - $3 million CAD in cash

    - - (Savant Lake) - 2 million shares of ECC.V with cash (this has to be repeated for a few years, plus work commitments, 8 million shares total plus cash). ECC trades in the mid 20 cent range.

    - - (2 sold Argentina Assets) - 2.25 million shares of Cerrado Gold (Will trade around $0.50 based on news from their capital pool (BBA.P BB1 Acquisition Corp)

    - -Yamana joint venture with a very advanced, high grade gold project, 30% interest

    - -100% interest in 3 Scandinavian gold/metal projects that are next to old mines, meaning there is already work done, giving a higher chance of success. All 3 to be worked on.

    - -$800K work commitment / cash payment from AGLD.C for 80% of an Argentina asset, still retaining 20% which can be bought for $2.3 million

    So when you add up all the value and potential, New Dimension Resources should take at least double it’s current market cap before any results are even in. Cash equivalent value from ECC/Cerrado shares, plus what AGLD paid and money raised, is easily more than half of the current market cap.

    Here is some additional information to look at:

    From Yamana this week in their MD&A and new company presentation: Recently signed an exploration agreement with the Bunibonibee Cree Nation. Planning is underway to guide the consultation process for an initial field program in Q4 and an aggressive exploration effort in 2021

    Link: https://s22.q4cdn.com/899716706/files/20201101-November-Corporate-Summary-FINAL.pdf

    Ethos recent company presentation that talks about Savant Lake: https://ethosgold.com/wp-content/uploads/2020/10/ECC-October-2020.pdf

    AGLD website (does not have an update presentation, but talks about the company): https://www.australgold.com/
     
  6. New Dimension to change name to Capella Nov. 11

    2020-11-06 07:59 MT - News Release


    Mr. Eric Roth reports

    NEW DIMENSION ANNOUNCES NAME CHANGE TO CAPELLA MINERALS

    After having received regulatory acceptance, the following corporate changes will take effect at market open on Tuesday, Nov. 10, 2020, for New Dimension Resources Ltd.

    Change of Name and New Trading Symbol: The Company will change its name to Capella Minerals Limited and will commence trading under its new name and stock trading symbol TSX.V-CMIL.

    The Company has no plans to change its current share structure, however, the Company's new CUSIP will be 13960M102 and ISIN CA13960M1023. The Company's new website will also be available at www.capellaminerals.com

    The Capella Minerals name reflects the next stage of the Company's growth strategy with a focus on the discovery of high-grade gold and base metals deposits in Canada and Scandinavia. The Company's active exploration portfolio includes three high-grade gold projects - the Domain and Savant Lake Joint Venture's in Canada, plus the recent Southern Gold Line acquisition in Sweden - and two high-grade copper assets - Lokken and Kjoli - located in past-producing mining districts in Norway.

    Eric Roth, New Dimension's President and CEO, commented today: "Given the Company's renewed focus on precious and base metals projects located in the Northern Hemisphere, the selection of the name Capella Minerals going forward is most appropriate. I am particularly excited by the potential for near-term discovery at both our Lokken and Kjoli projects, given the existence of numerous untested targets (including "walk-up" drill targets) along strike from previous mining operations. In addition, the Company holds direct interests in three high-grade gold projects - the Yamana Gold JV at Domain (Manitoba), the Ethos Gold JV at Savant Lake (Ontario), and our 100% interest in the Southern Gold Line project (Sweden) - all with significant upside potential.

    These exciting new brownfields projects and existing gold projects complement the Company's invigorated growth strategy of positioning itself for the current buoyant gold market as well as the potential uplift in future economic demand for attractive base metals, especially copper which is critical to the clean energy sector. I look forward to keeping the market informed as we move projects towards drilling and discovery."

    Incentive Stock Option Grant

    The Company also reports that the Board of Directors has granted an aggregate 4,980,000 incentive stock options to directors, officers, employees and key consultants to the Company. The stock options are exercisable at a price of $0.12 per share and will have a term of 3 years, expiring on November 4, 2023. Each stock option will allow the holder to purchase one common share of the Company. All stock options granted are subject to staged vesting periods.

    Qualified Persons and Disclosure Statement

    The technical information in this news release has been prepared in accordance with Canadian regulatory requirements set out in NI 43-101, and approved by Eric Roth, the Company's President & CEO, a director and a Qualified Person under NI 43-101. Mr. Roth holds a Ph.D. in Economic Geology from the University of Western Australia, is a Fellow of the Australian Institute of Mining and Metallurgy (AusIMM), and is a Fellow of the Society of Economic Geologists (SEG). Mr. Roth has over 25 years of experience in international minerals exploration and mining project evaluation.

    About New Dimension Resources Ltd

    New Dimension is engaged in the acquisition, exploration, and development of quality mineral resource properties in favourable jurisdictions with a focus on high-grade gold and base metal deposits. The Company's precious metals focus is on the discovery through exploration of high-grade gold deposits on its recently optioned Southern Gold Line Project (Sweden), as well as on its active Joint Ventures with Ethos Gold Corp. at Savant Lake (Ontario) and Yamana Gold Inc. at Domain (Manitoba), and the divestiture of Sierra Blanca (Argentina) to Austral Gold Ltd. The Company's base metals focus is on the discovery of high-grade copper-rich VMS deposits on the district-scale land positions around the past-producing Lokken and Kjoli mines in central Norway. Field activities are underway on all projects, with the primary focus being to advance priority targets to drilling.
     
  7. Capella Minerals Ltd. – Symbols (TSXV:CMIL) & (OTC: NWDMF)

    Brand new company with lots of cash and seven different assets, details are below. Based on information from Sedar(Audited Info, formally known as New Dimension Resources), Stockwatch and their website: http://www.capellaminerals.com/

    Price: $0.08 CAD & $0.0545 USD
    Common Shares Outstanding: 137,523,077
    Cash On Hand: $2.5 Million
    Market Cap: $11 Million
    Total Insider/Institutional Holdings: 30% or 41,256,923 – See Presentation for verification
    Current Free Trading Retail Float: 43 million shares. 60 million placement shares are restricted and will not be free trading until mid-January 2021.

    November 9th Company Presentation: https://capellaminerals.com/site/assets/files/5553/2020_11_9_capella_corporate_presentation.pdf

    November 10th CEO Interview: http://www.kereport.com/2020/11/10/...ocus-on-scandinavian-and-canadian-properties/

    Capella Minerals has 7 different assets which allows for numerous ways to increase shareholder value:

    1)Joint Venture With Yamana Gold(YRI.T) – Capella Minerals owns a 30% stake in a very advanced gold project, located in Manitoba, Canada. Their partner is a globally well known large cap gold producer who is taking this project very serious. As per Yamana’s last discussion notes “The Company recently signed an exploration agreement with the Bunibonibee Cree Nation (“BCN”) that provides a framework for a cooperative, mutually respectful agreement supporting the advancement of exploration within the Traditional Territory of the BCN while providing employment and business opportunities to the BCN. Planning is underway to guide the consultation process for an initial field program in the fourth quarter and an aggressive exploration effort in 2021. An update on Yamana's generative exploration projects is expected in the fourth quarter. “

    2)Joint Venture With Ethos Gold(ECC.V) – Capella Minerals has optioned it’s 100% owned Ontario, Canada gold project to Ethos Gold, a company that recently raised several million dollars to work on this asset and some others. In exchange for 70% of the project, Ethos Gold must issue 8 million shares over 3 years, along with $200,000 in cash and $2 million in work commitments. They will not get 70% of Savant Lake unless all requirements have been fulfilled.

    3)100% Owned Southern Gold Line property in Sweden - This is already a well established area that has producing mines and can allow for more accurate drilling in the near future. Main commodity being looked for is gold. To be drilled in early 2021, please see company interview.

    4)100% Owned Lokken VMS Property in Norway – Copper/Silver/Zinc/Gold area, this property literally encompasses an old producing mine. Therefore, it is in advanced stages and odds of successful drilling is quite high. To be drilled in early 2021, please see company interview.

    5)100% Owned Kjoli VMS Property in Norway – Similar to the property mentioned above, this lease has numerous small scale mines that already operate around it. Once again showing that the area is rich in metals and odds of success are increased because this is not virgin ground. To be drilled in early 2021, please see company interview.

    6)Joint Venture With Austral Gold(AGLD.C) – This deal was closed last month, basically selling 80% of Sierra Blanca to Austral Gold for $800,000 in cash and work commitments. Capella only owns 20%, which can be bought for $2.3 million in cash and work commitments. See October 13th news for more information

    7)Asset sale to Cerrado Gold – Announced October 28th, this is the most recent news. Capella Minerals has sold two properties to Cerrado Gold( www.cerradogold.com ) in exchange for $50,000 cash and $2.25 million worth of Cerrado gold shares. This company will be publicly listed by the end of 2020, they are using the shell company BB1 Acquisitions Corp (BBA.P) to put the asset in.

    Summary: When you combine what Ethos Gold, Austral Gold, and Cerrado gold are giving in value, this is worth several million dollars, not including the current cash on hand. Then you have upside potential in all 7 assets, which means that Capella Minerals is for sure trading below it’s actual value and should have a current market cap of at least $20 million for fair value. So this is basically trading at a 50 % discount.
     
  8. Interesting history on Domain Lake, this is the JV between Yamana Gold and Capella Minerals:

    So Rolling Rock hit some good grades in 2008, then they were acquired by Mega Precious Metals in 2010, which was when acquired by Yamana in 2015 and the property is still being worked on today.

    https://www.manitoba.ca/iem/geo/gis/activity/yamana_gold_inc_domain_oxford_lake.html

    https://www.benzinga.com/press-rele...nd-rolling-rock-announce-business-combination

    https://ca.proactiveinvestors.com/c...ga-precious-metals-for-175-million-61151.html
     
  9. The Korelin Economics Report - Interview With Eric Roth Of Capella Minerals Limited

    Interview:
     
  10. Crux Investor Interview with Eric Roth, President & CEO of Capella Minerals (TSX-V:CMIL)

    Interview link:

    This is the ex Mariana Resources team hoping to replicate some of the success of the past. There are a lot of moving parts, but the company has spent some time to finding partners. Their Argentinian projects have been sold and they have JV with Ethos Gold on their Ontario project and Yamana Gold on Domain Project in Manitoba. Focus is now on a gold project in Sweden and Copper Gold projects in Norway. Perceived jurisdictional risk of working in Argentina has gone. There are several success stories in Scandinavia and Capella will be hoping to cash in on that and get noticed. Roth talks about drill programmes, cash requirements and partnerships.

    Roth tells us how they picked up assets from EMX Royalty and what their obligations are. We also discuss how they are allocating the $3.3M recently raised.

    If you want to hear what we think of the company go to cruxinvestor.com/club where you can also get summaries of all our interviews (to save you time); Company Reports, exclusive insight on various macro trends in commodities, early access to our company interviews (stay ahead of the crowd); and a thriving community of intelligent investors sharing thoughts and ideas (but without the vitriol and trolling). Think Twitter meets Netflix.

    0:00 - Introduction
    2:04 - Company Overview
    3:03 - A Winning Formula? Team Experience & Track Record
    7:57 - Business Plan & Model: Why Look at Scandinavia?
    9:33 - Domain Gold Project: Commitments, Plans, & Terms with Yamana Gold
    17:02 - Savant Lake Project: Plans & Terms with Ethos Gold
    20:05 - Perspectives & Assets in Scandinavia
    24:28 - Recent Raise of $3.6M & its Allocation
    28:58 - Remuneration & Management Shareholding
    30:54 - Argentinian Project & the Austral Agreement
    32:40 - Excitement & Expectations: What's Next for Capella?
     
  11. Cerrado gold breakdown and where Capella Minerals can benefit:

    BBA.P Float – 45,605,403 / 8.31 (rollback amount) = 5,488,014
    BBA.P Halted Price - $0.05 X 8.31 (rollback price) = 41.55 cents
    Cerrado Gold Company Presentation – 55,453,780 Shares (Private)
    November Private Placement - $25 million(price not announced) Assuming same price as rollback
    Placement Shares(Estimate) $25,000,000 / $0.41 = 60,975,609
    Capella Minerals Share Holdings(Estimate) based on $2.25 million at raise price
    CMIL Holdings: $2,250,000 / $0.41 = 5,487,804

    Estimated common shares without options or warrants:
    BBA.P(5,488,014) + Cerrado Gold (55,453,780) + Nov PP(60,975,609) + CMIL(5,487,804) = 127,405,207, lets round to 127.5 million for sake of ease

    Estimated revenue from their November company presentation: https://c0fa6392-d308-44dd-a6f0-35d...d/c9f131_6af33570b7fc4c99b47de9b4244869a1.pdf

    Page 5 information: NPV of $432 million USD @ $1550oz USD, today gold is at $1800.
    Estimated production of 45,000 to 55,000 ounces of gold per year with a AISC of $900 to $1100 per ounce.

    For low estimates, lets use their $1550 price and lower output of 45,000 ounces and a AISC of $1100:
    $1,550 - $1100 = $450 net income per ounce X 45,000 ounces = $20,250,000 USD Estimated net income for 2021.

    Estimated earnings: $20,250,000 / 127,500,000 = $0.1588 or $0.16 USD (convert to CAD) X 1.30 = $0.208 or $0.21 earnings per share, estimated at low output.

    Compare this to a similar producer like F.V(Fiore Gold) who produced 46,000 ounces of gold in it’s fiscal year and earned close to $9 million USD with a float of 99 million shares, it trades around $1.50 CAD.

    Estimated target price for Cerrado Gold (CER) should be around the $2 mark, assuming a minimum gold producer multiple of 10 times. How does it affect Capella Minerals? The company should technically be holding over $10 million dollars in stock value by the end of 2021, large than the current market cap and not taking into consideration it’s current cash position, 6 projects being worked on, or the millions of shares held in Ethos Gold. Again, this is all an estimate until we get the actual placement numbers, which should be out anytime.

    Secondary Note: Cerrado Gold will have a webinar on December 8th 2020, those that wish to listen to this, join up here - https://www.redcloudfs.com/rcwebinar-cer/
     
  12. Out today, Crux interview with Cerrado Gold. As per Capella Minerals(previously New Dimension Resources) news release from October 28th, CMIL.V will own $2.25 million worth of stock in this company in exchange for selling their Argentina subsidiary.

    What's surprising about this is they are listing around $2, compared to the shell that has a rollback price of only 42 cents. But this is only 5.5 million shares of the entire float and the shell had a good amount of cash in it.

    November 28th Crux Interview With Cerrado Gold: https://www.youtube.com/watch?v=H_lO0YZh8Ew


    Interview with Mark Brennan, CEO of Cerrado Gold

    A private company chasing gold in Argentina and Brazil. Looking to go public in soon. We talk through the management teams relevant experience and successes of the past. So what's it like doing business in Argentina and how do they expect to grow that asset. Same questions asked for Brazil. Brennan runs through their business plan and maps out the sequence of spend and production and where they expect to spend their time and money. It's an ambitious plan, but they have delivered and monetised successive so they are confident in their abilities.

    Take a look at their presentation https://www.cerradogold.com/investors and look out for the imminent IPO. The suggestion from Brennan is that the company will list at $140M and at around $2.

    If you want to hear what we think of the company go to cruxinvestor.com/club where you can also get summaries of all our interviews (to save you time); Company Reports, exclusive insight on various macro trends in commodities, early access to our company interviews (stay ahead of the crowd); and a thriving community of intelligent investors sharing thoughts and ideas (but without the vitriol and trolling). Think Twitter meets Netflix.

    0:00 - Introduction

    1:01 - Company Overview

    1:30 - Team Experience & Background

    3:39 - Total Money Spent So Far

    5:13 - Minera Don Nicolas, Argentina: The Plan, Timing, & Money Required

    12:29 - Exploration Targets & Data Inherited

    14:09 - Upside for Investors & Value of Asset

    16:36 - Risks & Potential Problems: Mining in Argentina

    28:37 - Monte Do Carmo, Brazil: The Plan for the Asset

    35:54 - IPO in December: Discussing Timing, Investors, & Exchange
     
  13. Eric Roth picked up another 130,000 shares yesterday. He already owns over 7% of the float, so it's encouraging to see him adding shares. Once we get rid of this old pp seller, it will move up fast. Also, BBA approved the Cerrado Gold transaction late yesterday:

    BB1 Acquisition receives conditional OK for Cerrado QT

    2020-12-02 20:34 MT - News Release

    Mr. Stephen Shefsky reports

    BB1 ACQUISITION CORP. ANNOUNCES UPDATE TO QUALIFYING TRANSACTION WITH CERRADO GOLD INC.

    The TSX Venture Exchange has conditionally approved its proposed business combination with Cerrado Gold Inc., which will constitute the corporation's qualifying transaction pursuant to the policies of the TSX Venture Exchange, as such term is defined in TSX-V Policy 2.4 (Capital Pool Companies). BB1 is also pleased to announce that the Toronto Stock Exchange has conditionally approved the listing of the shares of the resulting issuer (as defined below) on the TSX, subject to the completion of the transaction and the resulting issuer meeting certain TSX listing requirements. Upon completion of the transaction, the resulting issuer's shares will be listed on either the TSX-V or the TSX.

    BB1 and Cerrado have entered into a business combination agreement, effective Nov. 29, 2020, to complete the transaction pursuant to which the corporation intends to complete a three-cornered amalgamation with Cerrado, and upon completion of the transaction, the combined entity will continue to carry on the business of Cerrado.

    Assuming all conditions to the closing of the transaction are satisfied, the company and Cerrado anticipate closing the offering (as defined below) and the transaction on or before Feb. 23, 2021. In due course, the parties will issue a further press release announcing the date on which the transaction is expected to close and the common shares of the company will resume trading.

    Results of annual and special shareholder meeting

    BB1 is pleased to announce that its shareholders approved all resolutions brought before them at the corporation's annual and special meeting of shareholders held virtually on Nov. 23, 2020, including the approval of all matters relating to the proposed transaction.

    Filing statement

    In connection with the transaction, the corporation has filed a filing statement dated Nov. 29, 2020, with the TSX-V and on SEDAR. Additional information in respect of the transaction and Cerrado is available in the filing statement.

    Concurrent financing

    Further to BB1's press release dated Nov. 3, 2020, Cerrado intends to complete a brokered private placement of subscription receipts. Under the terms of the TSX-V conditional approval for the transaction, the offering is subject to Cerrado raising minimum gross proceeds of $10-million, up to a maximum of $25-million. Each subscription receipt shall be issued at a price of $2 per subscription receipt. Additional details with respect to the offering are available in the filing statement.

    About BB1 Acquisition Corp.

    The corporation is incorporated under the Business Corporations Act (Ontario) and is a capital pool company listed on the TSX-V. The corporation has no commercial operations and has no assets other than cash. For further information, please see the final prospectus of the corporation dated Oct. 5, 2018, filed on SEDAR.

    Filed 2020-12-03 04:38

    Tx date 2020-12-02 $CMIL
    Capella Minerals Limited Roth, Eric
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Holder: RL360 (Indirect Ownership)
    Common Shares
    10 - Acquisition or disposition in the public market $2,535
    +31,300 vol
    $0.081 each
    Filed 2020-12-03 03:35

    Tx date 2020-12-01 $CMIL
    Capella Minerals Limited Roth, Eric
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Holder: RL360 (Indirect Ownership)
    Common Shares
    10 - Acquisition or disposition in the public market $7,299
    +100,000 vol
    $0.073 each
     
  14. Yamana news out and it mentions Capella Minerals. Drilling will start early 2021. See below:

    https://www.globenewswire.com/news-...Lavra-Velha-Monument-Bay-Borborema-and-A.html

    The Domain project, located near Oxford Lake in northeastern Manitoba, is a large 20,000-hectare property package consisting of two unexplored mineral exploration licences 100%-controlled by Yamana, and three smaller claims held under a joint venture agreement with Capella Minerals Ltd. The property is considered to be highly prospective for iron formation-hosted gold deposits and has returned a number of drill intercepts with significant gold grades from a limited area of drilling within the joint venture claims. The larger land package has magnetic anomalies and limited arsenic-in-till anomalies that indicate potential targets for further iron formation-hosted gold as well as shear zone type gold targets.

    In July 2020, Yamana entered into an Exploration Agreement with Bunibonibee Cree Nation to develop a cooperative and mutually beneficial relationship relating to mineral exploration within the Traditional Territory of Bunibonibee Cree Nation. Yamana is in the planning stages of a work program for the property, and pending conclusion of community consultation and permitting, exploration work is anticipated to begin in early 2021.
     
  15. Capella Minerals December 2020 Company Presentation: https://capellaminerals.com/site/assets/files/5553/2020-12-capella-cp.pdf

    Lots of new information including timelines, pictures, data on each property, and also mentions that EMX will own 10% of cmil, so institutional/insider ownership is increasing. The only thing it does not talk about yet is Cerrado Gold stock and more information on our 20% Sierra Blanca property where AGLD.C has to spend $800,000 to earn 80%.
     
  16. NWDMF recently hit a 52 week high this week and insiders/institutions are continuing to add. RBC has purchased over 15 million shares from one group over the last few months and there's only 47 million retail available right now. On top of that, the CEO Eric Roth has also been adding to his position. See below:

    https://ceo.ca/api/sedi?insider=&sy...ction=&amount=&undefined[company_symbol]=CMIL

    Filed 2020-12-22 14:34
    Tx date 2020-12-22 $CMIL
    Capella Minerals Limited Roth, Eric
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Direct Ownership
    Common Shares
    10 - Acquisition or disposition in the public market $3,905
    +35,500 vol
    $0.11 each 6,899,702
    Older filings
    Filed 2020-12-09 04:32
    Tx date 2020-12-08 $CMIL
    Capella Minerals Limited Roth, Eric
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Holder: RL360 (Indirect Ownership)
    Common Shares
    10 - Acquisition or disposition in the public market $4,500
    +50,000 vol
    $0.09 each 294,813
    Filed 2020-12-09 04:28
    Tx date 2020-12-04 $CMIL
    Capella Minerals Limited Roth, Eric
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Holder: RL360 (Indirect Ownership)
    Common Shares
    10 - Acquisition or disposition in the public market $5,011
    +62,647 vol
    $0.08 each 244,813
    Filed 2020-12-04 06:35
    Tx date 2020-12-03 $CMIL
    Capella Minerals Limited Roth, Eric
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Holder: RL360 (Indirect Ownership)
    Common Shares
    10 - Acquisition or disposition in the public market $1,799
    +22,210 vol
    $0.081 each 182,166
    Filed 2020-12-03 06:38
    Tx date 2020-12-02 $CMIL
    Capella Minerals Limited Roth, Eric
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Holder: RL360 (Indirect Ownership)
    Common Shares
    10 - Acquisition or disposition in the public market $2,535
    +31,300 vol
    $0.081 each 159,956
    Filed 2020-12-03 05:35
    Tx date 2020-12-01 $CMIL
    Capella Minerals Limited Roth, Eric
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Holder: RL360 (Indirect Ownership)
    Common Shares
    10 - Acquisition or disposition in the public market $7,299
    +100,000 vol
    $0.073 each 128,656
    Filed 2020-11-26 06:00
    Tx date 2020-11-23 $CMIL
    Capella Minerals Limited Roth, Eric
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Holder: RL360 (Indirect Ownership)
    Common Shares
    10 - Acquisition or disposition in the public market $1,228
    +14,287 vol
    $0.086 each 28,656
    Filed 2020-11-26 05:59
    Tx date 2020-11-18 $CMIL
    Capella Minerals Limited Roth, Eric
    4 - Director of Issuer, 5 - Senior Officer of Issuer
    Holder: RL360 (Indirect Ownership)
    Common Shares
    10 - Acquisition or disposition in the public market $1,293
    +14,369 vol
    $0.09 each 14,369
     

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