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Tuesday, January 24, 2017 Derek Macpherson

Bay Reports Soil Sampling Results; Looks to Future

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Aston Bay (TSXV:BAY) announced it has received complete geochemical results from its summer soil sampling program at its Storm property in Nunavut. The sampling program covered an area of 120 km North-South and 20-40 km East-West (Figure 1) on the property, collecting 2,005 samples in total. Results supported the presence of previously known copper in soil anomalies in addition to identifying new areas hosting copper and zinc concentrations. The company will use these results together with results from its 2016 drill program to plan future exploration programs. With the recent termination of the BHP’s option agreement we look forward to the company’s updated plan to advance Storm in 2017. read more

Saturday, January 21, 2017 Derek Macpherson

BAY Back in the Driver's Seat After Partner Walks

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Aston Bay (TSXV:BAY) announced BHP Billiton’s (ASX:BHP) decision to terminate the option agreement for the Storm Copper project, signed in May 2016. Although the market’s reaction was negative, down 34% from C$0.235 to C$0.155; in our view this could turn out to be a positive event for the company. While we do not know why BHP decided to terminate its option, the action reflects negatively on the Strom Copper project. It is also worth noting that this is the second large mining company to terminate an option agreement. Antofagasta terminated its option in January 2015, for budgetary reasons. However, Aston Bay once again has 100% interest and control over the project and is in a position to uncover Storm’s value. It is worth noting that the company has approximately two years of G&A expenses in the treasury, allowing it too carefully decide what the next steps should be. In our opinion, the project remains attractive and the market may have overreacted to BHP’s decision to terminate its option. read more

Friday, October 07, 2016 Derek Macpherson

Aston Bay's Initial Drill Results Encouraging

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Aston Bay (TSXV:BAY) has provided the first drill results from its 2016 summer field program at its Storm Copper project on Somerset Island in Nunavut. The results were highlighted by 16m at 3.07% Cu and 12.26 g/t Ag (STOR1601D). These are only the first 3 holes from this summer’s 12 hole program (1,951m). The company also completed additional soil sampling over a larger area (120km by 20-40km) collecting 2,005 soil samples and completed additional geophysical surveys, including borehole EM. In our view these results are positive and have advanced the project. Consequently, we expect that BHP Billiton Ltd. (BHP) to increase spending in the 2017 field season.  read more

Tuesday, October 04, 2016 Derek Macpherson

RCKS Fall Mining Showcase Presenter Preview

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On Thursday October 6th, Red Cloud Klondike Strike Inc. will be hosting its 4th Annual Fall Mining Showcase. The event, that will offer attendees the opportunity to meet with a number of companies, features presentations from 20 companies and a buy-side discussion panel comprised of three of the industry’s most influential fund managers. Visit the event page for more details on the day’s schedule. In this post we provide a brief preview on the 20 presenting companies and 8 banner sponsors that will also be in attendance.  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

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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