RCKS talk

Wednesday, March 14, 2018 Derek Macpherson

RCKS Charts: BNKR, OOO, BAY, NVO & MAW

Download Report

In this edition of RCKS Charts, Keith has evaluated Bunker Hill Mining Corp. (CSE:BNKR), Otis Gold Corp. (TSXV:OOO), Aston Bay Holdings Ltd. (TSXV:BAY), Novo Resources Corp. (TSXV:NVO) and Mawson Resources Ltd. (TSX:MAW). More names are recovering from the recent market pressure. That pressure may not be completely resolved yet, but positive signs are surfacing offering leadership to the many names on our ‘watch list.’ Below are three names showing positive signs of recovery and updates on two previously highlighted names which continue to act well.  read more


Thursday, February 15, 2018 Derek Macpherson

Otis Reports Final 2017 Drill Results; Plans for 2018

Download Report  

Otis Gold Corp. (TSXV:OOO) released final assay results from its 8,000m (25 hole) 2017 drill program at Kilgore, designed to follow-up on 2015 and 2016 drilling along the Aspen Corridor. Of the final 9 holes, significant bulk-tonnage was intercepted in 7 holes, highlighted by 1.05 g/t Au over 86.8m (17 OKC-366), 0.91 g/t Au over 137.2m (17 OKC-374), 1.05 g/t Au over 71.6m (17-OKC 376), and 1.41 g/t Au over 118.9m (17 OKC-377). Results extended Aspen-hosted mineralization 60m-90m at depth, displaying continuity of gold mineralization and notably, average grades were higher compared to the 2012 resource. In addition, results from a PQ-sized hole is planned to be released subsequent to further testing. During 2017, the company drilled 24 exploration holes and is planning 2018 exploration at both Kilgore and the Oakley Project, also in Idaho. At C$36/oz, Otis currently trades at a discount to peers (C$65/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect 2018 drilling and the pending resource update for Kilgore to be important catalysts for the company. read more


Thursday, January 18, 2018 Derek Macpherson

Otis Continues Drilling Success; Final Results Pending

Download Report  

Otis Gold Corp. (TSXV:OOO) reported results from its 8,000m (25 hole) 2017 drill program at Kilgore, highlighted by bulk-tonnage intercepts of 4.33 g/t Au over 24.4m (17 OKC-373) and 1.23 g/t Au over 53.3m (17 OKC-378). Based on results from 17 OKC-373, the relatively untested area to the southeast of the Cabin Fault area, has become a priority target, indicating the potential for higher-grade mineralization. Hole 17 OKC-378, a PQ-sized hole, was drilled to determine the impact of volume of material on gold grades and distribution and whether larger sample sizes would improve gold grades, to better represent underlying gold grade at Kilgore. Initial results indicated larger sample size results in higher grades, the company is considering the value of additional PQ holes. Results from the remaining 9 holes, will be reported once available. At C$30/oz, Otis currently trades at a slight discount to peers (C$70/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect upcoming drill results and pending resource update for Kilgore to be important catalysts for the company. read more


Monday, November 20, 2017 Derek Macpherson

Otis’ Initial 2017 Drill Results Look Good

Download Report

Otis Gold Corp. (TSXV:OOO) has reported assay results from five holes at its Kilgore Project in Clark County, Idaho. The assays are the most recent results from the company’s 25 hole, 8,000m drill program with the remaining holes nearly completed and further assays pending. The company highlighted a bulk-tonnage intercept of 110.6m grading 0.90 g/t Au in hole 17 OKC-362, 65.5m grading 1.21 g/t Au in hole 17 OKC-362 and 62.5m grading 1.11 g/t Au in hole 17-OKC 364. The objective of the drilling campaign is to follow-up on drilling in 2015 and 2016, which previously defined numerous intervals of significant thickness and grade in the Aspen zone that were open at depth. Testing for the extensions of the Aspen mineralization at depth, in addition to other extensions of the deposit, was the main objective behind 2017 drilling. At C$37/oz, Otis currently trades at a slight discount to peers (C$56/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect ongoing drill results and pending resource update (Q4 2017) for Kilgore to be important catalysts for the company.  read more


Tuesday, October 03, 2017 Derek Macpherson

Otis’ Initial 2017 Results Positive; More to Come

Download Report

Otis Gold Corp. (TSXV:OOO) reported initial results from its ongoing 2017 exploration program at its Kilgore Project, following up on previous drilling (Figure 1). Mineralization was extended at depth by hole 17 OKC-356 and by depth and laterally with hole 17 OKC-358 in Section 12,400N. In Section 11,800N hole 17 OKC-355 extended mineralization 45-50m to the northeast. Highlights include 1.66 g/t Au over 129.4m (17 OKC-356) and 1.13 g/t Au over 73.1m (17 OKC-358). The company notes initial results show potential to expand resources underneath the Kilgore deposit, in the Aspen Corridor area. Drilling will be completed by the end of the month, results are pending from the 23-hole program, 20 holes have been drilling over 6,100m. At C$45/oz, Otis currently trades at a slight discount to peers (C$54/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect ongoing drill results and pending resource update (Q4 2017) for Kilgore to be important catalysts for the company. read more


Wednesday, July 05, 2017 Derek Macpherson

Otis Sells Non-Core Properties; Earns 11% Interest in Strata

Download Report

Otis Gold Corp. (TSXV:OOO) has sold its non-core properties (Hai and Goldbug projects) in Idaho to Strata Minerals Inc. (TSXV:SMP.H) through its wholly owned subsidiary Otis Capital USA Corp. Subsequent to the transaction, Otis will receive 2,750,000 common shares of Strata at a price of C$0.25 reflecting an 11.14% interest for a total value of C$687,500. We view the transaction positively, as the company has created value from its non-core properties. At C$35/oz, Otis currently trades at a discount to peers (C$49/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect the upcoming drill program and pending resource update (H2 2017) for Kilgore to be important catalysts for the company. read more


Thursday, June 01, 2017 Derek Macpherson

Otis Adds Acres at Kilgore

Download Report  

Otis Gold Corp. (TSXV:OOO) has increased its land package at its Kilgore Gold Project to 9,080 acres, by staking 52 claims in and around the property (Figure 1). The action was supported by successful regional exploration work and achieved in order to acquire a 300m by 180m structural corridor along the property’s boundary. Otis continues to own 100% of the project, including the additional claims and continues to seek potential opportunities for further expansion. At C$41/oz, Otis currently trades at a discount to peers (C$50/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect the upcoming drill program and pending resource update (H2 2017) for Kilgore to be important catalysts for the company. read more


Thursday, April 27, 2017 Derek Macpherson

Otis Adds Experience to its Advisory Board

Download Report  

Otis Gold Corp. (TSXV:OOO) appointed Michael Vint current Vice President of Endeavour Financial Ltd to its Advisory Board. Mr. Vint’s experience in reviewing and assessing mining projects worldwide is an important asset to add to the team as the company continues to advance the Kilgore gold project. Otis is planning a 10,000m exploration program for Kilgore later this year, followed by a resource update which will include 14,000m of drilling completed since the last estimate completed in 2012. At C$48/oz, Otis currently trades at a discount to peers (C$54/oz). We believe the market does not appear to fully account for the potential resource growth at Kilgore. We expect the upcoming drill program and pending resource update (H2 2017) for Kilgore to be important catalysts 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 2018 Red Cloud Klondike Strike Inc. All rights reserved.