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Recent news from Norvista Capital caught our attention.
Norvista’s asset sale to Rockcliff positions the company with an aggregate 27.4% stake in Rockcliff Metals Corp (CSE:RCLF). Norvista Capital Corp (TSXV:NVV) is a resource-based merchant bank with investee companies such as Rockcliff Metals Corp (CSE:RCLF), Nevada Zinc Corp (TSVX:NZN) and Minera Alamos Inc (TSXV:MAI) with assets in countries such as Canada, the United States and Mexico.
RNC has provided important updates regarding the ramp-up of its mining operations and the pending completion of its Higginsville acquisition. Importantly, the company highlighted that it plans to mine, directly below the Father’s Day vein, later this month.
The combination of: 1) the Higginsville mill acquisition and 2) the re-ramp up at Beta Hunt, should drive RNC towards a +100k oz/yr gold producer.
A new sheriff in town. Rockcliff has completed a transformational transaction involving Greenstone Resources II LP (“Greenstone”) and Norvista Capital Corporation (“Norvista”) which has injected ~C$29M into the restructured company’s coffers. As part of the deal, Rockcliff also acquired the Tower and Talbot projects, significantly de-risking its portfolio of base metal and gold assets in the Snow Lake Mining Camp in Manitoba.
With cash in hand, Rockcliff is about to embark on an extensive 100,000m drilling program which we believe can expand existing resources and potentially
lead to a discovery in the Snow Lake South Emerging Mining Camp (“SLSEMC”).
With the discovery of a large, shallow and high-grade target at its Porvenir project, SolGold has identified a potentially game-changing drill target. We believe that should drilling yield a discovery (Q2/19), it could drive SolGold’s share price higher. This exploration optionality is underpinned by the world-class Alpala deposit, that we believe is undervalued by the market. We continue to believe that large mining companies are positioning to potentially acquire SolGold (Newcrest - 15% & BHP - 11%).
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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