RCKS Talk

29-May-2018

RCKS Charts Podcast

Episode 1: Transitional Interplay

Introducing Red Cloud KS’ first monthly RCKS Charts Podcast featuring Technical Consultant: Keith Edwards.

29-May-2018

Ascot Resources Ltd.

Initial 2018 Drilling in 602 Zone a Success; More Pending

Impact: Positive

Ascot reported high grade results from initial 2018 drilling from the 602 Zone (Figure 1) at the company’s Premier-Dilworth project, intersecting 11.65 g/t Au over 12.1m (P18-1605) and 24.64 g/t Au over 9.61m (P18-1609).
  • Infill results support geological model, 602 remains open to the northwest which will be tested later in the season
  • 2018 drilling stepping stone to restarting underground production at Premier, the never mined 602 Zone likely first area of focus
  • Results from 4 holes are pending with additional drilling being considered, 1 drill rig is in operation at Premier and 4 at Big Missouri
Based on the company’s recent resource update (open pit & underground), Ascot trades at a discount (C$33/oz versus peers at C$70/oz). We expect the ongoing news from exploration and infill drilling on higher-grade underground resources to close the gap to peers.

29-May-2018

Northern Empire Resources Corp.

Daisy Continues to Grow

Impact: Mildly Positive

Northern Empire reported drill results from the Daisy deposit within the Crown Block of the Sterling property in Nevada. Drilling returned 0.17 g/t Au over 36.58m and 0.61 g/t Au over 33.52m (D18-006), located near previously drilling hole D18-001 (0.80 g/t Au over 108.2m).
  • Step-out hole D18-006 expands Daisy 45m up-dip from previously drilled hole D18-001
  • Sampling identifies +2.5km of targets south of Daisy
  • Exploration continues to indicate the Daisy resource has room to grow
Considering Northern Empire’s recent exploration success, we expect upcoming drill results to close the discount to peers (on an EV/oz basis C$73/oz vs. peers C$84/oz).

28-May-2018

Artemis Resources Ltd.

Mapping Extends Conglomerate Strike Extend West of Comet Well

Impact: Positive

Artemis Resources provided an update from ongoing exploration activities in the Pilbara, identifying a possible extension of the Purdy’s Reward/Comet Well trend west.
  • ~67km of conglomerate and Mt Roe Basalt contact traced west of Novo Resources’ (TSXV:NVO) Comet Well (Figure 1) – identified conglomerate appears to be on both 100% ARV ground and Novo/Artemis JV ground
  • Gold recovery from 47k highlights prospectivity; we are awaiting conglomerate sampling results to determine potential
  • Complete bulk sample results from Novo’s first large bulk sample at Comet Well should be a catalyst for all players in the space
Artemis continues to advance its various conglomerate gold projects, including a programme of work (including drilling, trenching and bulks sampling), the results of which along with continued newsflow from other players should continue to provide positive momentum for all Pilbara conglomerate gold players. We note that following the sale of Artemis’ Novo shares the company is expected to have A$0.06/share in-cash and our assumed value for the NVO JV is A$0.075-0.30/share. This assumes no value for Artemis’100% owned conglomerate or base metal projects, which the company is advancing.

28-May-2018

Pacton Gold Inc.

Pacton Picks Up More Land in Pilbara

Impact: Positive

Pacton announced the acquisition of the Friendly Creek exploration license (1) and mining leases (5) totalling 31.36km2, adjacent to land held by Novo Resources’ and Kairos Minerals (Figure 1).

  • Initial exploration is planned to be undertaken on the historical property which extends over a 10km strike
  • Large scale bulk sampling can begin quickly with mining licenses already in hand
  • Under the agreement Pacton will pay C$25,000 to the vendors and issue 2.5 million shares
Following the strategic investment from Eric Sprott and recent land consolidation, Pacton is quickly advancing its interest in the Pilbara and becoming a large landholder in the region.

 

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