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New drill results from Beta Hunt’s Western Flanks and A Zones continue to demonstrate Beta Hunt’s high-grade gold and bulk mining potential. Results continue to support our current fair value estimate at C$0.97 (unchanged). We continue to expect ongoing exploration and development work to be the key catalysts for demonstrating the potential that we see at Beta Hunt.
Gran Colombia has provided generally positive news with a first look at production results for 2019 and final details from its 2018 drill season. This
update supports the company’s strong outlook for 2019 which we expect to be affirmed with continued production and drilling success. We believe the market has still not priced in this company’s turnaround and as Gran Colombia executes operationally, we expect it re-rate towards peers.
De Grey announced an increase in the scale of the its Pilbara Gold Project from 1Mtpa to 2Mtpa plant throughput based on 2018 exploration success and improved metallurgy. As well, the company announced that it expects the resource to grow to 2Moz by year-end. Both these updates support our view that De Grey is continuing to improve the scale and economics of its Pilbara project, which we expect is likely to start attracting the interest of mid-tier gold miners in Australia.
Novo has announced a positive update from Beatons Creek, which includes initial bulk sampling results and wireframe modelling. Average bulk sample grades are in line with resource grades and updated wireframe model points to a substantial increase in the mineralized footprint of the deposit. Both updates contribute to additional upside we see at Beatons Creek beyond the C$1.10-1.40/sh of our preliminary model, which underpin the company’s current value.
Coro Mining announced results from the Sorpresa area of its Marimaca Project in the Antofagasta Region of Chile. Sorpresa occurs ~2km south of Coro’s Marimaca oxide-copper deposit. Today’s results at Sorpresa define a 350m by 100m zone of copper oxide mineralization which remains open and supports our thesis that a viable copper heap leach story is going to expand materially through the drill bit.
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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