RCKS Talk

09-Apr-2018

Bonterra Resources Inc.

6th Gold Zone Discovered at Gladiator

Impact: Positive

Results from additional drilling at Gladiator continue to support our view the deposit is likely to materially grow.

  • Drilling expands Gladiator, intersecting a new gold zone south of Barbeau
  • Continuity of deposit demonstrated through recent infill results
  • Assays are pending, follow-up drilling underway to test south of new zone 
Given our expectation for meaningful resource growth at its flagship Gladiator deposit, assuming a 2M oz Au resource at Gladiator, Bonterra trades at a discount to peers (C$26/oz vs. peers at C$36/oz).

09-Apr-2018

RCKS Charts

The Market Correction May Not Be Over Yet

Keith Edwards discusses the recent general market activity, highlighting three names; Aston Bay Holdings Ltd. (TSXV:BAY), Novo Resources Corp. (TSXV:NVO) and NV Gold Corp. (TSXV:NVX).

09-Apr-2018

Aurania Resources Ltd.

Crunchy Hill Likely to Be First Drill Target

Impact: Positive

Following up on the previously discovered chalcedonic silica at the Latorre target led to the identification of the source of vuggy silica rocks, which is a known indicator of epithermal gold-silver systems thus making the recently renamed Crunchy Hill (was Latorre B), the most likely initial drill target for Aurania.

  • Tracing the source of chalcedonic silica has allowed Aurania to narrow down the search for drill targets
  • Crunchy Hill has similarities to epithermal systems at both Fruta Del Norte and Alto Chicama
  • Aurania doubles the size of the Latorre A target through additional stream sediment sampling
 
The market is currently pricing in the company’s strategic land position in Ecuador, but it does not take into account the company’s potential for a significant porphyry or epithermal discovery. We believe ongoing newsflow should be a positive catalyst for Aurania, as the company advances its Crunchy Hill, Awacha and Latorre targets.

 

05-Apr-2018

Anaconda Mining Inc.

Goldboro Expands to the East

Impact: Mildly Positive

Infill and expansion drilling continues to be encouraging at Goldboro, highlighting the ability to expand resources at the deposit.

  • Drilling expands Goldboro east with similar tenure of mineralization seen across the deposit
  • If Goldboro's mineable resource increases by 10% increase pre-tax NAV for the project by 9% our overall NAVPS by 2%
  • Drill success at both Point Rousse and Goldboro highlight the potential for organic growth, while the company continues to work-on growing via acquisition
 
Anaconda continues to trade at discount to peers (0.39x NAV, peers 0.63x); ongoing exploration success should close the gap.

05-Apr-2018

Aurania Resources Ltd.

Management Backs Aurania with US$2 million Raise

Impact: Positive

Recent exploration success at Lost Cities, pushes management to renew the entire Lost Cities – Cutucu Project. Due to the additional fees, Dr. Keith Barron, Chairman & CEO invests US$2 million through a convertible debenture loan, convertible into common shares at C$3.00/share, a premium to the market (C$2.86 as of close April 5, 2018).

  • Dr. Keith Barron demonstrates management confidence in Lost Cities – Cutucu Project with US$2 million unsecured convertible debenture.
  • Entire 2,080km2 renewed for another year, based on recent exploration success at Lost Cities.
  • Newsflow continues to be important catalyst for Aurania, positive exploration results expected, supported by renewal. 
 
The market is currently pricing in the company’s strategic land position in Ecuador, but it does not take into account the company’s current potential for a porphyry or epithermal discovery. We believe ongoing newsflow will be positive catalysts for Aurania, as the company explores Awacha and its Latorre epithermal target, which bears similar geological and geochemical signatures as the Fruta Del Norte deposit.

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