RCKS Talk

Tuesday, February 27, 2018 Derek Macpherson

RCKS 6th Annual Pre-PDAC Mining Showcase Presenter Preview

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On Friday, March 2, 2018, Red Cloud Klondike Strike Inc. will be hosting its 6th Annual Pre-PDAC Mining Showcase. The event features presentations from 30 companies, including a breakfast panel focused on new technology in mining and a keynote lunch presentation from Osisko Mining Inc. (TSX:OSK), SolGold Plc. (TSX:SOLG) and Ascot Resources Ltd. (TSXV:AOT). For more details, please visit our events page. In this post, we provide a brief preview on the 30 presenting companies and a list of banner participants that will be in attendance.  read more


Tuesday, January 30, 2018 Derek Macpherson

GoldQuest Plans to Expand Exploration in 2018

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GoldQuest Mining Corp. (TSXV:GQC) reported results from 7 drill holes completed at its Cachimbo Discovery, which continues to remain open in all directions. Results were highlighted by 0.82 g/t Au over 148.1m, including 8.4 g/t Au over 5.05m (TIR-17-50), located east of previous drilling (Figure 1). The company is planning to continue exploration activities, to expand Cachimbo, test new targets and initiate a program around Romero, details of the 2018 expanded program are to be announced shortly. GoldQuest remains well-funded with ~C$25 million in the treasury. The company currently trades at a significant discount to peers at C$28/oz (peers C$51/oz). We continue to believe that the current valuation does not reflect the exploration potential of GoldQuest’s wider land package, as demonstrated by the Cachimbo discovery. We expect continued exploration drilling, along with the ratification of the Exploitation License for Romero to be important catalysts for the stock. read more


Tuesday, January 23, 2018 Derek Macpherson

GoldQuest: Minister of Mines Approves Romero

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GoldQuest Mining Corp. (TSXV:GQC) has announced that the Minister of Energy and Mines of the Dominican Republic has approved the Exploitation Permit Application for the company's 100% owned Romero Au-Cu Project and sent it to the President of the Republic for ratification. The Minister stated that the project complied with the legal, economic and technical conditions, and is satisfactory in the national interest of the Dominican Republic. Once the President approves the project and the company receives its Exploitation License, the company is planning to advance towards a production decision, complete a full FS, outline project financing, outline the Environmental Impact Study and complete an accelerated exploration program. With C$20M in the treasury, we believe GoldQuest is well-positioned to execute on these plans. The company currently trades at a significant discount to peers at $34/oz (peers $51/oz). We continue to believe that the current valuation does not reflect the exploration potential of GoldQuest’s wider land package, as demonstrated by the Cachimbo discovery. We expect continued exploration drilling, along with the ratification of the Exploitation License for Romero to be important catalysts for the stock. read more


Wednesday, January 17, 2018 Derek Macpherson

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

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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


Friday, November 17, 2017 Derek Macpherson

GQC Granted Exploration Licenses

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GoldQuest Mining Corp. (TSXV:GQC) announced it has been granted two new exploration licenses, Tocon de Pino and Hoyo Prieto, from the Ministry of Mines and Energy of the Dominican Republic. The exploration licenses are located in the centre of the Dominican Republic, noting Tocon de Pino is 4km east of the company’s Cachimbo discovery. However, the decision regarding the exploitation license for Romero is still pending. GoldQuest currently trades at a slight discount to peers at $17/oz (peers $27/oz). We continue to believe that the current valuation does not reflect the exploration potential of GoldQuest’s wider land package, as demonstrated by the Cachimbo discovery. We expect continued exploration drilling, along with permitting updates at Romero to be important catalysts for the stock.  read more


Sunday, October 29, 2017 Derek Macpherson

GQC Hits More High-Grade at Cachimbo

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GoldQuest Mining Corp. (TSXV:GQC) has reported assay results from its most recent drill hole and lower portion of a previously completed drill hole at Cachimbo. Hole TIR-17-45 intersected 26.57m of 4.2 g/t AuEq (3.36 g/t Au, 21.55 g/t Ag, 0.03% Cu, 0.11% Pb and 0.55% zinc) in the eastern part of this recent VMS discovery (Figure 1). This is within a wider interval of 94.56m of 1.88 g/t AuEq (1.59 g/t Au, 8.39 g/t Ag, 0.01% Cu, 0.04% Pb and 0.16% zinc). This is very similar to hole TIR-17-44, which was 21.00m at 10.2 g/t AuEq within a wider interval of 124.77m at 2.62 g/t AuEq (lower portion of released with these results). In our view, these results continue to grow the Cachimbo discovery and because of their near surface nature suggest the potential for either an open-pit or underground target. Cachimbo is turning into a significant complimentary discovery to the feasibility stage Romero deposit, both within the company’s district scale Tireo project. GoldQuest currently trades at a slight discount to peers at $21/oz (peers $30/oz). We continue to believe that the current valuation does not reflect the exploration potential of GoldQuest’s wider land package, as demonstrated by the Cachimbo discovery. We expect continued exploration drilling, along with permitting updates at Romero to be important catalysts for the stock.  read more


Monday, October 23, 2017 Derek Macpherson

RCKS 5th Annual Fall Mining Showcase Presenter Preview

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On Thursday October 26, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Fall Mining Showcase. The event features presentations from 18 companies, including a themed breakfast and lunch presentation from industry leaders. For more details, please visit our event page. In this post, we provide a brief preview on the 18 presenting companies and 19 banner participants that will be in attendance.  read more


Wednesday, October 18, 2017 Derek Macpherson

GQC Continues to Expand Cachimbo

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GoldQuest Mining Corp. (TSXV:GQC) has reported assay results for 8 drill holes from its recently discovered Cachimbo deposit. Results were highlighted by hole TIR-17-44 which returned 21.0 m at 7.86 g/t Au, 39.6 g/t Ag, 0.17% Cu and 1.81% Zn (10 g/t AuEq) within a wider interval of 59.5 m at 3.27 g/t Au, 18.94 g/t Ag, 0.07% Cu and 0.73% Zn (4.4 g/t AuEq). These results continue to grow the deposit (Figure 1) and we believe this has the potential to be a second significant deposit within the company’s district scale Tireo project. GoldQuest currently trades approximately at a slight discount to peers at $26/oz (peers $32/oz). We continue to believe that the current valuation does not reflect the exploration potential of GoldQuest’s wider land package. We expect continued exploration drilling, along with permitting updates at Romero to likely be important catalysts for the stock.  read more


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