Tales from the Covid Bunker: Day 5

Housekeeping notes: With the cancellation of all of our overseas jobs for the foreseeable future…  I’m waving a tin can around in the proverbial mining streets this week. I’ve launched a Patreon service, where you can sponsor our newsletter and content from €3/month. All support will be greatly appreciated.

VIDEO: Today’s ‘End of the world’ soundtrack comes from Mike Fox at The Prospector – Barry McGuire – Eve Of Destruction – If you’re stuck in and looking for a good read, why not download this month’s issue of Prospector News HERE

The bunker is still, exactly the same, don’t panic…

Markets markets all about the markets… Another ‘dead cat bounce’ today sees a 6% hop in my holdings… Not enough to stop tears rolling down my cheak or encourage any selling, but green looks nicer than red. As I predicted, producers and royalty owners have done best here, with El Dorado up 9.3%, B2 up 15%, Argonaut up 25.4% Osisko gold Royalties winning the biscuits with a 36% jump.

My favourite little winner is the ‘Global Clean Energy’ ETF I mentioned last week… Which I threw my last chips into, has hopped 7.5% since I bought in and is outperforming oil/gas/petroleum versions of the same. Thats something nice to add onto a huge drop in emissions worldwide with us all undercover.

Go green (for profit).

Victoria Gold Corp. are still ignoring everything around them and wandering along at €0.30 with only a ± 3.5% in the past month since graduating to the main TSX and completing a $7m flow-through financing.

The UK has just (30 seconds ago) announced £330b in support for businesses, although its unsure whether this will simply go to bailing out major groups, or be passed along fairly. It's also unclear where the funds are coming from.

IN THE SPOTLIGHT: Victoria Boyanova, geologist from Mundoro, tells us why the company love working in Bulgaria and what they’re doing to support communities in the region.


IN THE SPOTLIGHT: BULGARIA

Today I’m focusing on a country I’ve had a long-standing obsession with, in the Balkans: Bulgaria. I first visited with a friend to hike to the Seven Lakes in 2012 and discovered a country full of friendly positive people and some of the best food on the planet. My favourite dish being fried chicken livers and hearts, a surprisingly good snack to soak up somebody’s grandfather’s rakia.

While I was only a first-year undergrad geologist at this time, I was taken back by the obvious ore potential of the mountains I was hiking through. Bright orange rock faces shot through with red patterns (which I now know to be weathered pyrite veins from skarns) and mineral dumps from historic workings made most of the paths we took.

Since then, I’ve been back 4 more times to explore the country and Bulgaria has hosted numerous ore geology field courses alongside the SEG. It has truly begun to earn its place in Europe’s mining rosta. Impressive statistics fly from copper and gold production in the country and new discoveries are coming fast.

These beautiful mountains which I completely failed to understand back then, were part of the The Rhodope Massif, although Archean-Cambrian in age, the massif is now a large shear/compressional/uplift zone reformed as part of the ongoing movement of Africa and Arabia north (the Himalayan/Alpine Orogeny).

The movement is responsible for the closing of the Tethyan sea (now known as the Mediterranean), which crushed up, metamorphosed and shot the Rhodope Massif through with intrusive dyke swarms. Much like the better-known mineral belt running along the western flanks of British Columbia, the Tethyan belt’s rocks have had a very long and uncomfortable life, which is perfect for forming mineral deposits.

We’ve been speaking to the team from Mundoro, who are involved in mining tenders in the region, as they expand from their successful Serbian hub in Bor. we’ll be chatting to their CEO Teo Dechev about the region and Mundoro’s succesful partnerships in the Balkan region, stay tuned!

Today, I’ll leave you with an unrelated quote from my favourite author, that has been circling my head all afternoon:

“Light thinks it travels faster than anything but it is wrong. No matter how fast light travels, it finds the darkness has always got there first, and is waiting for it.”

Terry Pratchett, Reaper Man, 1991

Liam Hardy
Spotlight Mining

ROCK OF THE DAY: Mountain Boy’s Lucia Theny describes the importance of dating volcanic intrusions on their American Creek west prospect in BC