By Christian Granholm
This week in Canadian history, June 5, 1935: the “On to Ottawa Trek” starts. An estimated 1,500 out-of-work labourers from federal relief camps in remote parts of British Columbia peacefully commandeer a train and leave for Ottawa. Rampant unemployment and insufficient social programs are major problems for Canadians in the 1930s.
The original protesters will be joined by scores more as they make their way toward Ontario. When they reach Regina, the government will insist that the railways stop the train. Only eight Trekkers will go on to Ottawa for negotiations with Prime Minister R.B. Bennett.
Early conceptual drawing of Skytrain after a Canucks home game.
The CSE welcomes the following new listings this week:
Project One Resources Ltd. (CSE: PJO)
Greenstar Biosciences Corp. (CSE: GSTR)
ICSEsoft Technologies Canada (CSE: ISFT)
Upco International Inc. (CSE: UPCO) has launched a new Point of Sale payments system, called Upcopoint, that will be available across Europe.
Upcopoint is a POS payments system that will enable businesses to conduct sales and manage inventory and customer datamore efficiently. Key highlights of Upcopoint include:
Nuinsco Resources Limited (CSE: NWI) announced that analytical results received from samples collected around the Sunbeam Mine returned very high-grade results – up to 122 g/t (3.9 oz/t) gold from quartz vein material collected near the past-producing Sunbeam Mine shaft.
Harvest Health & Recreation, Inc. (CSE: HARV) announced the signing of an agreement to bring their popular Colors, CBx Essentials and Harvest-branded CBD product lines to more than 10,000 retail stores, including convenience stores and gas stations across the country.
The multi-million-dollar partnership, which will roll out to the Asian American Trade Associations Council retailer network brings leading CBD products with significant demand to a system of every day strategic markets in small towns and major metropolitan regions.
One World Lithium Inc. ( CSE-OWLI) has completed the first three drill holes of a 12 hole, 4,250 metre drill program on its Salar del Diablo Property located in Mexico.
Drill holes 2019 -6, 9 & 11, all intersected aquifers with water samples having a pH (meaning not acidic) of approx. 8.6, which may indicate that there are brines.This will be confirmed on analysis of the water samples at the lab. The samples will also be assayed for lithium and other related minerals including potassium, boron, magnesium and cesium.
American Pacific Mining Corp (CSE: USGD) announce assay results from recent grab samples from the Gooseberry Precious Metals Project near Reno, Nevada.
American Pacific Mining recently acquired the past producing project through staking. A total of nine initial samples were taken from the dumps and old mineralized stockpiles at Gooseberry, with highlight results from trace to 18.45 g/t gold, 595 g/t silver.
Miramont Resources Corp. (CSE: MONT) has completed 1,862.70 m in four diamond drill holes as part of Phase II drilling at its Cerro Hermoso gold‐polymetallic project in southern Peru.
Hole CH‐013 has intersected 393.4 meters of diatreme breccias with sulfide veinlets and disseminations similar to those seen in hole CH‐009. Veinlets persists to the bottom of the hole at 450 m.
Nuinsco Resources Limited (CSE: NWI) reported on the results of mineralogical analysis, which shows unusually high concentrations of rare earth elements, in particular neodymium, an element vital to the manufacture of numerous high‐tech products.
“Amongst the REEs, neodymium is particularly valued because of the critical importance of Nd‐based permanent magnets in the manufacture of a range of new technological products including the high‐performance electric motors and generators used in, for example, hybrid‐electric vehicles and megawatt‐scale wind turbines,” said Paul Jones, CEO.
Pacific Rim Cobalt Corp.(CSE: BOLT) announce the commencement of phase two drilling at its flagship Cyclops, nickel‐cobalt development project, Indonesia.
The drilling is part of a multi‐faceted exploration program aimed at confirming historical results and producing a resource estimate in late 2019.
Appia Energy Corp. (CSE:API) announce that a field exploration crew has mobilized to the Alces Lake property in northern Saskatchewan, for the summer 2019 exploration program, looking for rare earth elements.
Wildflower Brands Inc. (CSE: SUN) announces that in addition to signing an exclusive distribution agreement for the South African market, South Africa has legalized CBD.
South Africa’s Department of Health removed cannabidiol, or CBD, from the country’s Schedule 7 list of highly controlled substances, allowing for legal sale of CBD made in accordance with the government’s specifications.
Etruscus Resources Corp.(CSE: ETR) identifies areas of anomalous metals using biogeochemical sampling at Rock & Roll property.
A bio-geochemical orientation survey was completed at its 100%-owned Rock & Roll Property,near the past producing Snip mine situated in the Eskay region of Northwest B.C.’s prolific Golden Triangle.
Markets worldwide continue their free fall, although the CSE managed to buck the trend overall for this week, opening at 711.10 to close up at 721.27.
Always Be Closing
The numbers don’t lie: global markets are down and continue to trend that direction. However, the CSE managed to stabilize somewhat this week, actually closing higher than it opened (711.10 Monday for a close of 721.27 on Friday).
With new trade deals either on the table or being signed at the time of this writing, we expect to see things stabilize somewhat over the coming months.
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