Brightstar Resources (BTR:AU) has announced Drilling recommences at Yunndaga
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Mark O’Byrne, managing director at Tara Coins, shares his outlook for gold and silver.
He sees much higher prices long term and expects gold to rise to at least US$10,000 per ounce; for silver, O’Byrne believes US$100 to US$150 per ounce is a ‘conservative’ target.
Securities Disclosure: I, Charlotte McLeod, hold no direct investment interest in any company mentioned in this article.
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Just when we thought tariff talk had gone quiet, it’s back on center stage. With the reciprocal tariff deadline landing this Wednesday, President Trump has mailed out notices that new duties will kick in on August 1. Countries such as Japan, South Korea, Malaysia, and Kazakhstan face a 25% levy, while a few others may see steeper rates.
Wall Street didn’t take the news well. On Monday, the S&P 500 ($SPX) closed lower by 0.79%.
Before the July 4 long weekend, the S&P 500 and Nasdaq Composite ($COMPQ) notched fresh record highs, buoyed by solid jobs data. But like migratory birds, tariffs circled back on Monday and pushed stocks lower almost across the board.
Monday’s performance can be encapsulated by the StockCharts MarketCarpets screenshot below. It was pretty much red except for a few lonely green squares.
FIGURE 1. STOCK MARKET’S PERFORMANCE ON MONDAY, JULY 7. Besides a few lonely green squares, the screen lit up red. Image source: StockCharts.com. For educational purposes.
Why Pullbacks Can Be Your Friend
Stock market pullbacks aren’t all bad. They give investors and traders a chance to go bargain hunting. A handy tool is the Market Movers panel in your StockCharts Dashboard. Check the “S&P 500 % Down” category to spot the 10 stocks in the index that had the largest % loss for the trading day. Then view the charts and see if any deserve a place in your ChartLists.
Two names that caught my eye:
- Tesla, Inc. (TSLA)
- ON Semiconductor Corp. (ON)
FIGURE 2. MARKET MOVERS PANEL FROM MONDAY, JULY 7. From this list, two stocks worth considering as “buy the dip” opportunities are TSLA and ON. Image source: StockCharts.com. For educational purposes.
Tesla, Inc. (TSLA): Sitting on the Fence
While it’s clear that politics helped knock TSLA down, the chart tells a fuller story.
From the daily chart of TSLA below, it’s clear that the stock has seen some erratic movement recently.
FIGURE 3. DAILY CHART OF TSLA’S STOCK PRICE. TSLA’s stock price has danced above and below its 200-day simple moving average, and momentum is relatively weak. Chart source: StockCharts.com. For educational purposes.
Since April, TSLA’s stock price looked like it was recovering after it broke out above its 200-day simple moving average (SMA). However, in early June it dipped below it and then went above it, and is now back below it. The June 23 high was below the end of May high. The relative strength index (RSI) and percentage price oscillator (PPO) indicate weakening momentum. The big question is where is TSLA going to find support?
Watch three support levels on your chart. TSLA’s stock price has moved above the first support level. Look for momentum to pick up to confirm the upside move. If TSLA’s stock price doesn’t hold at this level and falls further towards the $270 or $220 levels, similar conditions would apply. However, a significant fall in price would weaken momentum significantly and would need stronger evidence to consider going long.
ON Semiconductor (ON): Stalling at Resistance
ON has lagged its chip-making peers. Over the past year, ON Semiconductor has underperformed the VanEck Semiconductor ETF (SMH). ON supplies chips to automakers and manufacturers, so its fortunes rise and fall with car demand.
The daily chart of ON below shows that since early April the stock price has recovered with a series of higher highs and higher lows. It is now facing resistance of its 200-day SMA, a resistance area that coincides with the February high and the early January gap down. Momentum looks like it’s rising as indicated by the slight rise in RSI and a potential bullish crossover in the PPO.
FIGURE 4. DAILY CHART OF ON SEMICONDUCTOR. Since early April, ON has printed higher highs and higher lows. The stock price is now hovering around its 200-day SMA, and momentum seems to be gaining a little strength. Chart source: StockCharts.com. For educational purposes.
I would look for ON to clear $58 on strong volume and improving momentum before opening a long position.
Closing Position
- Add price alerts in StockCharts at each support level (for TSLA) or resistance level (for ON).
- When an alert triggers, re-evaluate the chart to confirm if momentum is strong enough for a price reversal and upside follow-through.
A short-term investment could be a better choice for TSLA since its price performance is correlated to Elon Musk’s involvement with the company.
ON could be a steadier, longer-term investment if the stock price breaks above resistance.
No matter what, decide in advance where you’ll place your stops. Then stick to your plan because discipline always wins.
Disclaimer: This blog is for educational purposes only and should not be construed as financial advice. The ideas and strategies should never be used without first assessing your own personal and financial situation, or without consulting a financial professional.
American Rare Earths Limited (ARR:AU) has announced Strong Leach Recoveries and Low Impurities
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Blackstone Minerals (BSX:AU) has announced Share Purchase Plan Offer Booklet
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The past week has been relatively stable in terms of sector rankings, with no new entrants or exits from the top five. However, we’re seeing some interesting shifts within the rankings that warrant closer examination. Let’s dive into the details and see what the Relative Rotation Graphs (RRGs) are telling us about the current market dynamics.
Sector Rankings Shuffle
The top three sectors, technology, industrials, and communication services, remain firmly entrenched in their positions. But the real action is happening just below them. Financials climbed to the number four spot, consequently pushing utilities down to fifth place. This shift is significant, as it indicates a move towards more cyclical sectors in the top rankings.
These changes suggest a potential shift towards more economically sensitive and offensive sectors, which supports a bullish scenario or at least a move away from defensive positioning.
- (1) Technology – (XLK)
- (2) Industrials – (XLI)
- (3) Communication Services – (XLC)
- (5) Financials – (XLF)*
- (4) Utilities – (XLU)*
- (8) Materials – (XLB)*
- (7) Consumer Staples – (XLP)
- (6) Real-Estate – (XLRE)*
- (10) Consumer Discretionary – (XLY)*
- (9) Energy – (XLE)*
- (11) Healthcare – (XLV)
Weekly RRG
The weekly Relative Rotation Graph continues to show strength in the technology sector within the leading quadrant. Industrials is also maintaining its position in the leading quadrant, with a very short tail, indicating a consistent relative uptrend.
Communication services, financials, and utilities are currently in the weakening quadrant. However, communication services have rebounded and appear to be making their way back towards the leading quadrant again.
Financials and utilities, on the other hand, are showing negative headings, with utilities displaying the weakest momentum (longest tail).
Daily RRG
Switching to the daily RRG, we get a more granular view of recent sector movements:
- Technology remains the strongest sector, with a high RS ratio and a short tail
- Communication services are rotating at a slightly negative heading but still within the leading quadrant
- Financials and industrials are showing promise in the improving quadrant
- Utilities continues to rotate within the lagging quadrant, confirming its weakness
The positioning of these sectors, particularly the strength of technology and improvements in financials and industrials, suggests a shift towards more cyclical and less defensive sectors in the market.
Technology
Tech continues its rally after breaking above the $240 resistance area. The raw RS line is also climbing, having broken out of its falling channel. This sector remains the market leader and shows no signs of slowing down.
Industrials
The industrial sector has cleared its overhead resistance and is pushing higher. Its RS line is putting in new highs, reflecting strong relative performance. The RRG lines remain in the leading quadrant and may be turning up again, a bullish sign.
Communication Services
Comms have broken above their resistance around 105. While still at the lower boundary of its rising RS channel, it’s starting to pick up steam. Both RRG lines are climbing, with RS momentum approaching the 100 level. A cross above that level would put it back in the leading quadrant.
Financials
Financials broke through overhead resistance last week, which is a significant positive development. It’s now above both horizontal resistance and its former support line. The relative strength line needs some work, but with the current price breakout, improvement seems likely in the near future.
Utilities
The weak link in the top five, utilities, remains range-bound. It’s still above support, but not by much. With the broader market rising, utilities’ sideways movement is causing its RS line to drop. The RRG lines are rolling over, and we may soon see this sector rotate into the lagging quadrant on the weekly RRG.
Portfolio Performance Update
I must admit, our portfolio is still underperforming. The current drawdown is a little over 8%, which isn’t ideal. However, this is the nature of trend-following strategies. We’re sticking with our approach through this period of underperformance, confident that historical results support our patience.
If market trends continue as they are, we should see more offensive sectors rotate into the top five. This shift, in turn, should help us overcome the current drawdown and eventually bring us ahead of the S&P again.
Remember, investing is a marathon, not a sprint. Periods of underperformance are normal and to be expected. The key is to stay disciplined and trust in your strategy.
#StayAlert and have a great week. –Julius
Here’s a quick recap of the crypto landscape for Monday (July 7) as of 9:00 p.m. UTC.
Get the latest insights on Bitcoin, Ethereum and altcoins, along with a round-up of key cryptocurrency market news.
Bitcoin and Ethereum price update
Bitcoin (BTC) is priced at US$108,159, a 0.3 percent decline in the last 24 hours. The day’s range for the cryptocurrency brought a low of US$107,591 and a high of US$108,551.
Bitcoin price performance, July 7, 2025.
Chart via TradingView.
Bitcoin hovered near US$109,000 at the start of the day as investors shifted from equities to crypto in response to tariff-related uncertainty under US President Donald Trump.
Meanwhile, MicroStrategy’s (NASDAQ:MSTR) paused its weekly Bitcoin purchases for the first time since March, signaling a strategic reassessment amid recent volatility. Together, macro pressures and institutional moves helped support Bitcoin’s price.
Ethereum (ETH) is priced at US$2,546.07, up by 0.2 percent over the past 24 hours. Its lowest valuation as of Monday was US$2,521, and its highest was US$2,553.
Altcoin price update
- Solana (SOL) was priced at US$149.11, down by 1.3 percent over 24 hours. Its lowest valuation as of Monday was US$149.21, and its highest was US$153.06.
- XRP was trading for US$2.30, up 1.6 percent in the past 24 hours. The cryptocurrency’s lowest valuation was US$2.28, and its highest was US$2.30.
- Sui (SUI) is trading at US$2.87, down by 0.7 percent over the past 24 hours. Its lowest valuation was US$2.84 and its highest was US$2.92.
- Cardano (ADA) is priced at US$0.5847, down by 0.4 percent in the last 24 hours. Its lowest valuation as of Monday was US$0.5764, and its highest was US$0.589.
Today’s crypto news to know
CoreWeave to acquire Core Scientific for US$9 billion
CoreWeave (NASDAQ:CRWV) signed a definitive agreement to acquire Core Scientific (NASDAQ:CORZ) in an all-stock deal valued at US$9 billion, the company announced today. Core Scientific’s shareholders will receive 0.1235 shares of CoreWeave Class A common stock for each share of Core Scientific, representing a 66 percent premium over Core Scientific’s June 25 closing price of US$12.30.
The deal had been in the works for over a year. A US$1 billion bid made by CoreWeave in 2024 was initially rejected as too low, but the Wall Street Journal reported in June 2025 that discussions between the two companies had resumed.
“This acquisition accelerates our strategy to deploy AI and (high-performance computing) workloads at scale,” said Michael Intrator, CoreWeave’s CEO, Chair and co-founder. “Verticalizing the ownership of Core Scientific’s high-performance data center infrastructure enables CoreWeave to significantly enhance operating efficiency and de-risk our future expansion.”
Bit Digital shifts corporate treasury from Bitcoin to Ether
Digital asset firm Bit Digital (NASDAQ:BTBT) has shifted its corporate treasury from Bitcoin to Ether, according to an announcement made by the company on Monday.
The change was punctuated by a purchase of more than 75,000 ETH tokens, funded by the sale of 280 Bitcoin and proceeds raised during a recent public offering that brought in US$172 million.
According to the announcement, Bit Digital held 24,434 ETH prior to the offering, and the additional ETH acquisition has brought the company’s total to approximately 100,603 ETH. This move establishes Bit Digital as the second-largest corporate holder of ETH after Coinbase Global, according to CoinGecko data.
Following this news, Bit Digital’s stock closed over 18 percent higher, and its market capitalization temporarily rose above US$1 billion.
The Blockchain Group and Smarter Web Company expand Bitcoin holdings
On the other hand, France’s The Blockchain Group (EPA:ALTBG) and the United Kingdom’s Smarter Web Company (AQSE:SWE) expanded their Bitcoin holdings today.
In a Monday announcement, The Blockchain Group said it acquired 116 BTC for about 10.7 million euros, bringing its total holdings to 1,904 BTC.
The Smarter Web Company announced its purchase of 226.42 BTC for 17.9 million pounds, bringing the company’s total to 1,000 BTC.
SEC’s crypto ETF guidance signals mainstream shift
The US Securities and Exchange Commission took a major step toward regulating crypto exchange-traded products with its first formal guidance on crypto ETP disclosures, according to a Reuters analysis.
Issued last week, the 12 page document issues new guidance, stating firms should describe risks and custody arrangements in “plain English.” The document could speed up approval of dozens of new crypto ETFs tied to a variety of coins, including Solana, XRP and even Trump’s meme coin, Reuters states.
Anonymous insiders told Reuters the SEC is also developing a more standardized listing rule to replace the case-by-case exemptions that currently delay launches. That change could shrink approval timelines from 240 days to as little as 75.
Musk’s America Party goes all-in on Bitcoin, calls fiat ‘hopeless’
Elon Musk confirmed that his newly formed America Party will officially embrace Bitcoin after declaring that “fiat is hopeless” in a post on X.
The move follows Musk’s earlier hints at increasing his own Bitcoin exposure and praising Bitcoin as a hedge against traditional currency.
Musk was a significant figure in Trump’s reelection campaign and even headed the Department of Government Efficiency before splitting with Trump over his budget bill and creating the America Party.
The shift could inject more digital asset discussions into US politics as Musk tries to build a third-party movement.
Despite hype from Dogecoin supporters, no plans for DOGE adoption were announced.
Metaplanet boosts Bitcoin stash past 15,500 BTC
Japan’s Metaplanet (OTCQX:MTPLF,TSE:3350) disclosed this week that it purchased another 2,205 BTC at an average price of 15.64 million yen per coin, spending around US$213 million.
This purchase brings the firm’s total bitcoin holdings to 15,555 BTC, making Metaplanet one of the world’s largest corporate holders of the asset.
The company tracks a proprietary metric called BTC Yield, measuring the effect of share dilution on per-share bitcoin value.
For the second quarter, Metaplanet reported a BTC yield of 95.6 percent, down from 309.8 percent the previous quarter, but still strong enough to highlight aggressive growth.
Metaplanet’s total BTC investment now tops US$1.38 billion.
Securities Disclosure: I, Giann Liguid, hold no direct investment interest in any company mentioned in this article.
Securities Disclosure: I, Meagen Seatter, hold no direct investment interest in any company mentioned in this article.
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The gold price continued to surge to new record highs in the second quarter of the year, reaching an all-time high of C$4,663.85 per ounce, or US$3,433.47, on June 13.
The gains were primarily fueled by safe-haven investment as Israel and the United States launched attacks on Iranian nuclear sites and Iran retaliated against targets in Israel and a US base in Qatar. Although a ceasefire was announced, tensions in the region remain high.
Additional tailwinds come from the continuing uncertainty in global financial markets, stemming from shifting US trade policy and Donald Trump’s ongoing, on-again-off-again tariff plans.
There is also additional uncertainty going into the second half of the year as the US government passed its “Big Beautiful Bill” on July 3. The bill has been criticized from both sides, including the former head of the Department of Government Efficiency, Elon Musk, for increasing deficit spending and exacerbating an already ballooning debt, which some investors believe is driving the US toward a debt crisis.
What does this mean for junior gold companies? While there was delay in translating high gold prices into share price gains for gold explorers, many are now up significantly this year. Below, we profile the five TSXV gold companies that are the best performers of 2025 by year-to-date share price gains.
Data for this article was retrieved on July 3, 2025, using TradingView’s stock screener, and only companies with market capitalizations greater than C$10 million are included.
1. Onyx Gold (TSXV:ONYX)
Year-to-date gain: 846.34 percent
Market cap: C$122.48 million
Share price: C$1.94
Onyx Gold is an exploration company advancing its Munro-Croesus project, located near Timmins in Ontario, Canada. The company has increased the size of the land package by 200 percent between 2020 and 2025, and the project now covers an area of 109 square kilometers.
Munro-Croesus hosts the historic Croesus mine, which produced 14,859 ounces of gold between 1915 and 1936 with an average grade of 95.3 grams per metric ton (g/t). Onyx is the first company to explore the property since the mine closed.
Shares in Onyx have had significant gains in the second quarter of 2025. The momentum came as the company announced option agreements to enlarge its land package at Munro-Croesus.
The first announcement came on April 10, when it stated that it had agreed with private vendors to acquire a 21 hectare patented claim near the Argus North zone. Under the terms of the agreement, Onyx has the option to acquire a 100 percent interest in the property, which has never been drilled, in exchange for cash consideration of C$1.5 million and 3.3 million Onyx shares over a three-year period.
The second acquisition was announced on June 24, when Onyx reported that it signed a mineral property purchase and sale agreement to acquire a 100 percent interest in the Munro and Hewitt properties, both located near the existing Munro-Croesus project. The acquisition will expand the company’s land package from 95 to 109 square kilometers.
Alongside its land consolidations, Onyx has also spent the second quarter advancing exploration at the property.
Most recently, on June 26, the company reported the first drill results from its 10,000 meter spring drill program at the Argus North zone at Munro-Croesus. One highlighted assay contained 1.8 grams per metric ton (g/t) gold over 91 meters, including 4 g/t over 32 meters and 5.3 g/t over 17 meters.
The company said the results demonstrate the continuity of broad zones of high-grade gold mineralization.
Shares in Onyx reached a year-to-date high of C$2.09 on June 27.
2. Goldgroup Mining (TSXV:GGA)
Year-to-date gain: 500 percent
Market cap: C$217.34 million
Share price: C$0.99
Goldgroup Mining is a gold production, development and exploration company working to advance its Cerro Prieto heap-leach gold mine. The 4,335 hectare property, located in Sonora, Mexico, produces an annual average of 11,500 ounces of gold and has produced more than 120,000 ounces since its beginning in March 2013.
Goldgroup is currently working to double the capacity of the mine to more than 25,000 ounces per year. The last update on progress came in October 2024, when it announced that it had installed the primary crusher with a 2,200 metric ton per day throughput. It also said it had expanded pumping and irrigation capacity.
The most recent update on Cerro Prieto came on March 26, when Goldgroup announced high-impact exploration near the mine. The program will include 6,000 meters of diamond drilling focused on the Nuevo Esperanza and Reyna zones, which are next to the main Esperanza production zone.
The company also announced plans for an induced polarization geophysical survey and surface trenching 1 kilometer south of the mine to further investigate newly discovered mineralized zones.
In addition to activities at Cerro Prieto, the company announced on March 7 that it had entered an agreement to acquire Minera Apolo and its Pinos gold project from Candeleria Mining in exchange for settling a US$2.7 million loan facility. Goldgroup previously secured rights to the facility with Candeleria from a creditor group in a maneuver to acquire the project.
Pinos is a fully permitted gold project situated in the Zacatecas mining belt of Northern Mexico and comprises 29 concessions over 3,816 hectares. A 2018 PEA revealed an after-tax net present value of US$12 million, with a 25 percent internal rate of return at a gold price of US$1,250 per ounce.
Shares in Goldgroup reached a year-to-date high of C$1.08 on May 9.
3. Trident Resources (TSXV:ROCK)
Year-to-date gain: 400 percent
Market cap: C$19.62 million
Share price: C$0.75
Trident Resources, formerly Eros Resources, is a gold and copper exploration company focused on projects in Saskatchewan, Canada.
A three-way merger in early 2025 between Eros Resources, MAS Gold and Rockridge Resources, allowed the companies to consolidate a portfolio of assets in Saskatchewan, including the Contact Lake and Greywacke gold projects in the La Ronge gold belt as well as the Knife Lake copper project.
Before this year, Eros was focused on the Bell Mountain gold-silver project in Nevada, US, but on January 6, the company announced it had sold the property to Lincoln Gold Mining (TSXV:LMG) in exchange for up to 4.5 million common shares and a net profits interest of 7.5 percent of net returns from gold and silver produced at the project to a maximum of US$2 million.
The company announced its rebranding from Eros to Trident on April 23, with its new name chosen in part to represent the three companies joining together. In the release, the company stated that the rebrand marked the beginning of a new chapter for the company, underscoring its focus on the gold and copper markets.
On May 6, Trident announced it received drill permits for the Contact Lake project, marking the first project news following the rebrand.
Trident stated the drill program would be conducted over the summer and consist of approximately 5,000 meters, with 3,800 meters to be carried out at the Contact Lake deposit and 1,200 meters at the Preview SW deposit.
Shares in Trident reached a year-to-date high of C$0.75 on July 3.
4. Solstice Gold (TSXV:SGC)
Year-to-date gain: 333 percent
Market cap: C$15.28 million
Share price: C$0.065
Solstice Gold is an exploration company focused on advancing its flagship Strathy gold project in Ontario, which it acquired in June 2024.
The project consists of 45 claims covering an area of 45 square kilometers in the Temagami Greenstone belt. Historical documents report six gold showings in the central portion of the project areas, with documented mineralization at the Leckie prospect.
On January 15, Solstice announced results from an induced polarization survey of the property. It identified 50 new targets, with the highest priority targets being along strike on the Leckie Fault. The company stated that the results support the existence of an extensive, largely unexplored system, with potential for multiple discoveries.
Solstice said it had also been selected to receive a grant under the Ontario Junior Exploration Program from the provincial government. The grant will provide 50 percent of the exploration funding, up to a maximum of C$194,000.
Shares in Solstice gained early in the year following its January 20 announcement that Michael Gentile had increased his stake in Solstice to 16.76 percent, making him the single largest shareholder.
In its latest project update on July 2, Solstice announced it had wrapped up its spring drill program, which focused on four target areas. In total, the company completed 3,125 meters of drilling across 14 holes, and results are expected in July.
The company reported that it had entered into an agreement to acquire 17 additional claims, which would increase the project area by 50 percent. It added that targets identified from its IP program may extend along strike into these claims.
Shares in Solstice reached a year-to-date high of C$0.065 on June 27.
5. Lahontan Gold (TSXV:LG)
Year-to-date gain: 300 percent
Market cap: C$28.49 million
Share price: C$0.10
Lahontan Gold is a development and exploration company dedicated to advancing a portfolio of properties in Nevada, United States.
Its primary focus is on its flagship Santa Fe gold-silver project in Walker Lane. The property consists of 291 unpatented lode mining claims, 67 unpatented mill site claims, and 24 patented lode mining claims, covering a land package of 26.4 square kilometers.
On January 24, the company released a PEA for the project that demonstrated an after-tax net present value of US$56.5 million with an internal rate of return of 17.4 percent over a payback period of 4.24 years based on a gold price of US$2,025 per ounce.
The included MRE for the site reports an indicated resource of 1.44 million ounces of gold and 11.2 million ounces of silver from 48.39 million metric tons of ore at an average grade of 0.92 g/t gold and 7.18 g/t silver. It also hosts an inferred resource of 401,000 ounces of gold and 1.75 million ounces of silver from 16.76 million metric tons at a grade of 0.74 g/t gold and 3.25 g/t silver.
The most recent news from Lahontan was on March 18, when it provided an update on its Exploration Plan of Operation submitted to the Bureau of Land Management in November 2024. In the release, the company stated it expects the Bureau to approve the plan, allowing permitting to proceed to the National Environmental Policy Act phase. According to Lahontan, final approval is on track for late 2025.
In the meantime, Lahontan stated that it would be able to continue exploration drilling at its patented mining claims under a Notice of Intent (NOI). On May 6, the company filed a new NOI for additional drilling at the site that would target extensions in the Slab and York areas of the project, and the BLM approved it on June 9.
Additionally, the company announced on June 24 that it had started metallurgical test work at Santa Fe with the goal of substantially improving CN leach gold recoveries for transition materials compared to the 49 percent recovery in the PEA.
Shares in Lahontan reached a year-to-date high of C$0.105 on June 25.
Securities Disclosure: I, Dean Belder, hold no direct investment interest in any company mentioned in this article.
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I like to trade stocks that are relative leaders and belong to industry groups that are leaders as well. For the past 2-3 months, much has been written about and discussed with respect to semiconductors ($DJUSSC), software ($DJUSSW), electrical components & equipment ($DJUSEC), electronic equipment ($DJUSAI), recreational services ($DJUSRQ), travel & tourism ($DJUSTT), etc. These groups were laggards prior to showing absolute and relative strength and, many times, it’s the absolute strength (think breakout) that triggers money flows into that particular area of the market.
With that in mind, where’s one area that we could see upcoming strength during the summer months?
Computer Hardware
I know this group has been out of favor, but that seemed to change last week:
Its absolute downtrend seems to have been broken and we saw a glimpse of solid relative strength. Seasonality also leads me to believe that this run could very well just be getting started. Check this out:
Over the past 20 years, the DJUSCR has crushed the S&P 500 during the months of July and August. It’s easily been the group’s best two calendar months historically. These two months have consistently been great months for computer hardware stocks as they’ve each gained ground in roughly 3 out of every 4 years. Apple, Inc. (AAPL), the leading computer hardware stock, absolutely loves the months of July and August.
I expect last week’s rally to continue right up to AAPL’s earnings report on July 31st, and possibly beyond.
I’ll be featuring one other computer hardware stock in our FREE EB Digest newsletter on Monday morning that has CRUSHED the S&P 500 during July and August historically and it boasts one of the strongest charts in technology since the April low. If you’re not already an EB Digest subscriber, simply CLICK HERE to provide your name and email address. I’ll get that chart out to you first thing tomorrow morning!
Happy trading!
Tom
Questcorp Mining Inc. (CSE: QQQ) (OTCQB: QQCMF) (FSE: D910) (the ‘Company’ or ‘Questcorp’) is pleased to update shareholders on the on-going surface exploration in preparation for drilling at the La Union Gold-Silver Project in Sonora, Mexico. Questcorp has an Option earn a 100% interest from Riverside Resources Inc. in the 2,520 ha (25 km sq) property by making a series of cash payments and share issuance and completing a series of exploration expenditures.
Questcorp President & CEO, Saf Dhillon, stated: ‘We are pleased with the progress Riverside has made as we complete the preliminary exploration steps, in finalizing our drill targets for the upcoming maiden drill program at La Union. The decades of in country exploration experience that John-Mark and his Riverside team diligently bring to focus at the La Union project is very evident as they continue to further de-risk the up-coming 1,500 metre drill program.’
Figure 1: Cross section IP with interpreted structures and targets from Union new Induced Polarity geophysics survey.
To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10197/257897_4d60e7d2c4556af9_001full.jpg
La Union operator Riverside Resources has successfully completed two IP lines over the La Union and La Union Norte mines respectively, highlighting chargeability and resistivity features at depth which will guide the placement of the first ever drill holes on the property, as well as correlating with mapped mineralized zones and former workings.
A drone magnetic survey was flown over the property to provide structural context, follow up potential intrusive feeders and provide information about potential faults beneath the pediments and post-mineral young cover units.
Ongoing surface geochemistry and mapping continues to strengthen the targeting pipeline, particularly across exposed gold-rich manto zones and along the margins of shallow post-mineral gravel pediment cover. These efforts are focused on delineating the transition zones from covered to exposed mineralization and establishing structural controls that may influence ore continuity at depth.
The La Union Project
The La Union Project is a carbonate replacement deposit (‘CRD’) project hosted by Neoproterozoic sedimentary rocks (limestones, dolomites, and siliciclastic sediments) overlying crystalline Paleoproterozoic rocks of the Caborca Terrane. The structural setting features high-angle normal faults and low-to-medium-angle thrust faults that sometimes served as mineralization conduits. Mineralization occurs as polymetallic veins, replacement zones (mantos, chimneys), and shear zones with high-grade metal content, as shown in highlight grades of 59.4 grams per metric tonne (g/t) gold, 833 g/t silver, 11% zinc, 5.5% lead, 2.2% copper, along with significant hematite and manganese oxides, consistent with a CRD model (see the technical report entitled ‘NI 43-101 Technical Report on the Union Project, State of Sonora, Mexico’ dated effective May 6, 2025 available under Questcorp’s SEDAR+ profile). These targets also demonstrate intriguing potential for large gold discoveries potentially above an even larger porphyry Cu district potential as the Company’s target concept at this time.
Questcorp cautions investors grab samples are selective by nature and not necessarily indicative of similar mineralization on the property.
Riverside, the operator of the La Union Project, is currently lining up the various geophysical contractors to immediately undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets.
The technical and scientific information in this news release has been reviewed and approved by R. Tim Henneberry, P. Geo (BC), a director of the Company and a ‘qualified person’ under National Instrument 43-101 – Standards of Disclosure for Mineral Projects.
About Questcorp Mining Inc.
Questcorp Mining Inc. is engaged in the business of the acquisition and exploration of mineral properties in North America, with the objective of locating and developing economic precious and base metals properties of merit. The Company holds an option to acquire an undivided 100% interest in and to mineral claims totaling 1,168.09 hectares comprising the North Island Copper Property, on Vancouver Island, British Columbia, subject to a royalty obligation. The Company also holds an option to acquire an undivided 100% interest in and to mineral claims totaling 2,520.2 hectares comprising the La Union Project located in Sonora, Mexico, subject to a royalty obligation.
Contact Information
Questcorp Mining Corp.
Saf Dhillon, President & CEO
Email: saf@questcorpmining.ca
Telephone: (604) 484-3031
This news release includes certain ‘forward-looking statements’ under applicable Canadian securities legislation. Forward-looking statements include, but are not limited to, statements with respect to Riverside’s arrangements with geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include, but are not limited to: the ability of Riverside to secure geophysical contractors to undertake orientation surveys and follow up detailed survey to confirm and enhance the drill targets as contemplated or at all, general business, economic, competitive, political and social uncertainties, uncertain capital markets; and delay or failure to receive board or regulatory approvals. There can be no assurance that the geophysical surveys will be completed as contemplated or at all and that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements. The Company disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.
To view the source version of this press release, please visit https://www.newsfilecorp.com/release/257897
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