RCKS talk

Wednesday, January 17, 2018 Derek Macpherson

RCKS Charts: G, K, RNX, GQC, MQR, NM & SKE

Download Report

In this edition of RCKS Charts, Keith has evaluated Goldcorp Inc. (TSX:G), Kinross Gold Corp. (TSX:K), RNC Minerals (TSX:RNX), GoldQuest Mining Corp. (TSXV:GQC), Monarques Gold Corp. (TSXV:MQR), Northern Empire Resources Corp. (TSXV:NM) and Skeena Resources Ltd. (TSXV:SKE).  read more


Tuesday, January 16, 2018 Derek Macpherson

ARU Call Key Takeaways: Good Targets & Steady Newsflow

Download Report  

Red Cloud Klondike Strike Inc. and Aurania Resources Ltd. (TSXV:ARU) hosted a conference call for investors to provide an update on its ongoing exploration program on its 100%-owned Lost Cities – Cutucu Project in southeastern Ecuador. The audio from the call can be found here. In our view there are three main takeaways from the call: 1) Latorre is similar to Fruta del Norte, 2) Awacha has Cascabel type potential and 3) Steady newsflow is on the horizon. As well, we also recently completed a Red Cloud TV spot with Aurania’s senior management, explaining epithermal targets.  read more


Tuesday, January 16, 2018 Derek Macpherson

Marlin Gold Intersects High-Grade Gold at La Trinidad

Download Report

Marlin Gold Mining Ltd. (TSXV:MLN) has reported drill results from the Colinas target within the permitted mining boundary at its wholly owned La Trinidad gold mine in Sinaloa, Mexico. Diamond drill holes 17COLDDH08, 17COLDDH14 and 17COLDDH15 all intersected a low angle faulted vein zone, which has been interpreted to be a thrust fault. The holes returned grades of 2.66 g/t Au, 8.42 g/t Au and 7.17 g/t Au over 3.65m, 2.37m and 2.8m, respectively. These intercepts are all near surface at depths ranging from 10-23.5m, which opens up another prospective zone with an estimated 250m of strike length within the mining permitted boundary. Colinas appears to represent a new high-grade area, and because of its proximity to surface, could be a new source of high-grade feed and could be used to supplement current production. The company continues to have exploration success at both La Trinidad and Commonwealth. Over the near term, exploration success should be positive catalysts for the company.  read more


Tuesday, January 16, 2018 Derek Macpherson

FCC Launches Property Wide 2018 Exploration

Download Report  

First Cobalt Corp. (TSXV:FCC) has budgeted C$7 million for 26,500m of drilling and exploration throughout the Cobalt Camp, focusing on 13 targets to test the different styles of mineralization and the diverse geological settings realized during 2017 exploration (Figure 1). In Cobalt North area, targets include the past-producing Drummond, Kerr, Silver Banner, Juno, Silverfields, Hamilton, Ophir, Lawson and Conisil mines where historically cobalt was not an area of focus, rather copper, zinc and lead. The under-explored Central Cobalt area will be the focus of regional mapping and prospecting, targeting the Caswell mine. In the Cobalt South area, 3,000m of drilling will target the Bellellen Mine, 2,000m is being considered for the Maiden Lake region and follow up drilling is planned at the Keeley and Frontier mines. To further define targets, geophysical testing will be undertaken in certain areas, including downhole and ground geophysical surveys, televiewer surveys and soil geochemistry. In Q1 2018, the company is planning to release a consolidated NI 43-101 technical report, to include recently acquired claims and results from 2017 drilling. We continue to believe the company’s unique attributes, including its land position and infrastructure are likely to see First Cobalt trade at a premium to other cobalt exploration peers. We expect results from the upcoming exploration program to be an important upcoming catalyst. read more


Tuesday, January 16, 2018 Derek Macpherson

Brixton Metals Provides Update on Hog Heaven

Download Report

Brixton Metals Corp. (TSXV:BBB) has provided an update on its high-grade Ag-Au-Cu-Pb-Zn Hog Heaven project data review and project development plans. A total of 722 holes have been drilled on the deposit with intersections including 2,330 g/t AuEq over 12.2m from 107m and 411 g/t AgEq over 54.9m from 61m. As the company analyses and assesses historical data, the results have become more encouraging with multiple base and precious metals targets to be tested. read more


Tuesday, January 16, 2018 Derek Macpherson

GTT Releases Final 2017 Results; Market Appears to be Undervaluing the Work to Date

Download Report

GT Gold Corp. (TSXV:GTT) reported the final results from its 2017 summer drill program at the Saddle South Au-Ag discovery, located on the company’s Tatogga property in northwestern BC. The news release includes results from six core holes where the company highlighted hole TTD058, which intersected 3m of 31.8 g/t Au and 1,141.1 g/t Ag. Four holes that targeted below the west slope of Saddle South ridge were designed to scissor mineralization within volumes previously tested by holes TTD029, 031, 033, and down-dip potential below these intercepts. The 2017 drill program was the initial drilling to be completed at the Saddle discovery and results indicate high-grade epithermal Au-Ag at both Saddle South and North, and porphyry-style Cu-Au-Ag mineralization at the east end of Saddle North. In addition to continued exploration at Saddle South, the company plans to now make Saddle North a focus for exploration in 2018 as well. Using C$50-75/oz (typical for high-grade underground deposits in good jurisdictions), the current enterprise value, implies a resource of 640-950k oz Au. Based on current drilling, we believe this is very possible, and that the market appears to be undervaluing the work to date and the exploration upside this deposit has. read more


Monday, January 15, 2018 Derek Macpherson

ANX Extends Argyle Strike by 85m

Download Report

Anaconda Mining Inc. (TSX:ANX) reported initial results from the previously announced 5,000m drill program conducted at Point Rousse, targeting Argyle, the Connector Zone, Anoroc and Corkscrew Road. Drilling east of the Argyle maiden resource expanded the deposit by at least 85m along strike at 40m from surface. Results included 12.47 g/t Au over 5.0m (AE-17-58), an early indication of higher grade mineralization as previously seen on the deposit. Notably, considering the previous strike of 600m, the addition of 85m of strike could add 8-12k oz Au to the current resource (1.1Mt at 2.01 g/t Au, containing 68,600 oz Au - Indicated + Inferred). The company plans to test the area with additional drilling, along with a ground magnetic and IP survey to better target mineralization, as the Argyle trend is interpreted to change from east-west to northeast-southwest (Figure 1). Based on our preliminary estimates, we believe that at its current market cap (C$48.6 million), investors are either paying for Point Rousse (~value of C$40-50 million based on our preliminary DCF) or Goldboro (~value of C$41.5 million based on C$50/oz) suggesting good value at current levels. In our view, the pending PEA for Goldboro, is likely to be an important catalyst for Anaconda as it should allow investors to better understand the potential of this asset. Following that, operations later in 2018 should see production and cash flow increase as mining at Point Rousse moves to the higher-grade Stog’er Tight deposit. In our view, both these catalysts have the ability to cause the market to ascribe a fair value to both projects.  read more


Friday, January 12, 2018 Derek Macpherson

ADZN Begins 2018 Exploration at Curipamba

Download Report  

Adventus Zinc Corp. (TSXV:ADZN) has initiated an extensive 2018 surface exploration program targeting new VMS discoveries at its Curipamba project in Ecuador, a 75% earn-in option with Salazar Resources Ltd. (TSXV:SRL). The program will begin with reviewing historical data near the Sesmo target, located 1,100m north of the El Domo VMS deposit (resource), followed by prospecting, soil sampling and a 22km IP geophysical survey with drilling to begin in February 2018. Following exploration at Sesmo, the company is planning to explore other regional targets at Curipamba, some of which include Cade, Cade 1, Cade Sur, Roble, Roble 1, Roble Este, El Gallo, Sesmo Sur, Agua Santa, and La Vaquera (Figure 1). The company is expecting to release an updated resource for El Domo in Q1 2018, which will include 9,765m (33 holes) of drilling completed by Salazar. The company is well-funded, after closing a C$10 million financing in December 2017. Adventus currently trades at C$0.013/lb ZnEq, a discount to peers at C$0.026/lb ZnEq. Upcoming drilling should be an important catalyst for the company. read more


SUBSCRIBE TO HEAR FROM US

Gain access to exclusive mining industry research reports as well as additional mining industry information, promotional materials, press releases and news.

RCKS Talk Daily Analysis
RCKS News
LATEST POST
CATEGORIES
RELATED TAGS
ARCHIVES

 

RISK WARNING:

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.

 

By accessing this website you agree to be bound by our Terms of Use and Privacy Policy.

 

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.

© Copyright 2017 Red Cloud Klondike Strike Inc. All rights reserved.