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Wednesday, June 29, 2016 Derek Macpherson

Klondex Releases Good Drill Results from True North

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Klondex Mines Ltd. (TSX:KDX, NYSE MKT:KLDX) provided an exploration update from its True North Gold Mine (formerly known as Rice Lake) highlighting the high-grade potential of this asset. While the highlight holes were good, the market is likely to remain skeptical on this asset until an operating plan is presented later this year. In our view the market appears to be giving little value for this asset in Klondex’s share price and a positive production decision in Q3 may provide a re-rating opportunity for Klondex's shares. read more


Tuesday, June 28, 2016 Derek Macpherson

Aston Bay Starts the Search for a “BHP sized” Copper Deposit

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Aston Bay Holdings Ltd (TSXV:BAY) announced that it is mobilizing for the summer 2016 field season at its Storm Copper Project in Nunavut. Aston Bay and BHP (who are earning into the project) plan to spend C$4 million this year, which includes 2,000 metres of drilling. This program is likely to provide investors a first look at the project’s potential to deliver a “BHP sized” copper deposit. read more


Tuesday, June 28, 2016 Derek Macpherson

Victoria’s Valuation not Reflective of Olive’s Potential

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Victoria Gold Corp (TSXV:VIT) released additional drill results from its ongoing program at Olive-Shamrock. Results continue to suggest that a higher-grade resource is likely at Olive and supports our view that this resource area is likely to benefit project economics if included in the pending feasibility study update. In our view, Victoria’s share price is not reflective of this potential. read more


Monday, June 27, 2016 Derek Macpherson

Algold Surface Results Good, Market likely Waiting on Drill Results

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Algold Resources Ltd (TSXV:ALG) released additional results from its ongoing surface sampling program at its Tijirit property in Mauritania. The results were positive but not game changing. However, the results are a teaser to the pending drill results that we expect to build on the recently released resource. While the stock has underperformed (down 13%) since the maiden resource, we expect the trend to be reversed when drill results are released. read more


Monday, June 27, 2016 Derek Macpherson

Unigold Restarts Exploration; Re-Rating Possible

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Unigold Inc (TSXV:UGD) announced plans to restart exploration efforts at its Candelones extension deposit, which we expect to be a meaningful catalyst and should cause Unigold to re-rate towards peers. As highlighted in our 3 THEMES & 10 COMPANIES FOR A NEW BULL MARKET IN PRECIOUS METALS post last week, good drill results should be a positive catalyst for the stock and drive a viability re-rating. read more


Monday, June 27, 2016 Derek Macpherson

Timely Fosterville Drill Results from Newmarket

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Newmarket Gold Inc (TSX:NMI) released underground drill results from the Harrier South system at its Fosterville gold mine. The results should allow the company to upgrade existing resources into reserves and support the company’s current valuation and drive a mild re-rating. However, the results feature a few good intersections and with investors taking an increased interest in gold following last week’s Brexit vote, we expect the stock to react favourably today. read more


Friday, June 24, 2016 Derek Macpherson

"Leave" Vote‎ Benefits Gold; Ongoing Uncertainty Likely to Support the Gold Price

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Yesterday, citizen’s ‎of the United Kingdom (UK) voted to leave the European Union (EU). This result was unexpected, as evidence by both currency markets and the gold price move. With no orderly exit mechanism, we believe this uncertainty may persist for some time providing support for the gold price. As well, should other EU countries consider departing; we would expect decreased confidence in the Euro, to benefit the gold price. Despite a parabolic move, we believe the gold price is sustainable at current levels and is likely to continue moving higher in 2016.
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Thursday, June 23, 2016 Derek Macpherson

RCKS Drilling Deeper Lunch Features Four Funded Explorers

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Yesterday, Red Cloud Klondike Strike Inc. (RCKS) hosted the third installment of our Drilling Deeper lunch series, this time featuring companies with funded exploration programs. The presenting companies were Aston Bay Holdings Ltd. (TSXV:BAY), Eastmain Resources Inc (TSX:ER), IDM Mining Ltd (TSXV:IDM) and Victoria Gold Corp. (TSXV:VIT). In our 3 THEMES & 10 COMPANIES FOR A NEW BULL MARKET IN PRECIOUS METALS post earlier this week, we highlighted that we believe good news is once good for stocks (catalysts) and we believe all four presenters have the potential to increase shareholder value with the drill bit this year. read more


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