Not Investment Advice

It is important for you to understand, Allan Barry Laboucan is not a licensed investment advisor and all readers should consult a licensed investment advisor before making any investment decision and to consult the company’s latest regulatory filings to fully understand the risks. This site represents the opinion of Allan Barry Laboucan alone. Do not trade in securities you read about online unless you have independently verified all information and understand that speculating in small, speculative securities like those discussed on AllanBarryReports.com often results in total loss. Readers are responsible for their own trades.

Want to Look for Elephant Base Metal Deposits - Voisey's Bay is a Good Place to Look

April 3, 2018

Last week, I was reminded of a past pick, Fjordland Exploration (FEX.V), when I read a letter to shareholder's from its CEO. It was very well written, nicely laying out the historical work, their work last season, and their plans for the future.

 

They are looking for elephants (big deposits) near where they have been found in the past. Using a compilation of decades worth of geological data, to comb through to try to find another massive deposit or two.

 

Since Diamond Fields Resources made the world-class discoveries of base metals at Voisey's Bay, plenty of money was spent looking for more. But, none were found and it has confounded many for a long time.

 

These kind of deposits, tend to come in clusters, but no more big ones have been found. To make the challenge more difficult, they are looking for buried treasures, not something that comes to surface.

 

The discovery at Voisey's Bay, caused one of the largest staking rushes in Canadian mining history. Everybody and their dog was trying to stake land, and tons of money was raised for exploration.

 

Of course all the bears on the story will say, look at all the money that was raised and spent looking for more deposits around Voisey's Bay.

 

Well then let's look a little closer, I agree there was tons of money raised and spent, which most assume all went into actual exploration. Unfortunately, a lot of that money went into paying high wages and for promotion. 

 

That assumption is as silly as the concept of Trickle Down Economics, it doesn't work because it doesn't trickle down from the top very well. Much like the money raised during a heated discovery play in Canada. Not as much as folks imagined trickled its way into the ground.

 

This surely doesn't mean all of it got lost on the way to the ground, and the Fjordland team were able to pick up those pieces of geological data for the area. This work was enough to get Robert Friedland, who lead Diamond Fields through its discovery and to its big score in a heated takeover battle.

 

I 'm a fan of the work they did to compile all of this geological data and start using it to produce drill targets. They are looking for deep targets, it isn't going to be easy but I like their chances.

 

Have a look at the letter from the CEO to shareholders, read for yourself, it is so important to them, it is posted on the home page of their website. While on their website, have a look around, it is a good time to do your homework on the Fjordland.

 

I like what I read, it says to me they know what they are doing, that they have a strong team, focused on exploration, and have a good shot of success with the truth machine.

 

That’s all for now,

 

Allan Barry Laboucan

Founder/Writer/Host

Allan Barry Reports

 

President/CEO

Advance Gold (AAX.V)

 

P.S. my reports are for information purposes only, before making any investment decisions it is important to do your homework and speak with your financial advisers.

 

The work at Allan Barry Reports is made possible through website sponsorship and consulting; check out our website sponsors. These companies make our work possible, they have compelling stories and I invite you to check them out.

 

Website Sponsor Messages

 

Advance Gold (AAX.V)

Focused on exploration for silver on its well-located Tabasquena silver project, a shadow of a headframe project near an important silver mine, Milagros and the Colonel large tonnage gold mine. Visit their website at www.advancegold.ca to do your homework.

 

Artemis Resources  (ARV.AX and ARTTF.US)

Well positioned with an enviable amount of key ground in the Pilbara region, in the middle of the hunt for the Wits 2.wow gold discovery. Visit their website at www.artemisresources.com.au to do your homework.

 

Premier Gold Mines (PG.T)

Gold focused, with an enviable portfolio of projects from exploration to mining in Ontario, Nevada and Mexico. Visit their website at www.premiergoldmines.com to do your homework.

 

Sirios Resources (SOI.V)

Gold focused, drilling high-grade gold target at Cheechoo project in Quebec, located next door to Goldcorp’s Eleanore gold mine. Visit their website at www.sirios.com/en/ to do your homework.

 

Tudor Gold (TUD.V)

Gold exploration with a strong portfolio of projects in heart of the Golden Triangle of BC, founded by Walter Storm of Osisko fame. Visit their website at www.tudor-gold.com to do your homework.

 

Wolfden Resources (WLF.V)

Base metals focused, with a discovery of high-grade nickel-copper near Snow Lake, Manitoba and recently added an impressive base metals project in the state of Maine. Visit their website at www.wolfdenresources.com to do your homework.

 

 

 

 

 

 

 

Share on Facebook
Share on Twitter
Please reload

Follow
  • Twitter Basic Square
  • YouTube Social  Icon
  • LinkedIn Social Icon