KDK, CAPT, DV, TECT
Kodiak Copper aka KDK released another set of drill results from its MPD property in south central BC, where they are looking for Cu/Au porphyries similar to those being mined in the area. This time we hear about nine holes from the Adit Zone.
The main focus of this year's drilling is short holes aimed at proving up shallow mineralization which if large enough could become a starter pit. This drilling at Adit fits that, with the best hole delivering 0.63% Cu, 0.05 g/t Au and 4.13 g/t Ag (0.69% CuEq) over 78.6 metres from surface, including a higher-grade interval of 1.59% Cu, 0.01 g/t Au and 4.29 g/t Ag (1.62% CuEq) over 26.8 metre, right to the end of the hole, which ended in mineralization.
The Adit zone now has a strike length of 550m and remains open in multiple directions, including at depth. We will get the next set of drill results from the West zone later this month, feeding into a revised Resouece Report by the end of the year.
Message 35245433
The shares of Capitan Silver aka CAPT could not sustain the push they made over $2 last month, but if they can keep on pulling drill results like the ones they announced today, it shouldn't be long before it revisits those highs. Given that you could pick up all the shares you wanted for around 50 cents until a few months ago, my only complaint is that I did not buy more of what have turned out to be cheapies,
Today we get the results from the first 11 holes from a planned 10 km drill programme, There were three main achievements from these holes.
First, the assayed one of the highest grade intervals at their Cruz de Plata silver prospect in Mexico, 2636 g/t Ag over 1.5m within a wider interval of 1,400 g/t Ag over 4.6m, occurring within a broader zone of 370.2 g/t Ag over 19.8m.
Second, this hole extended the Jesus Maria zone over 150M to the east along strike and toward surface.
And third, they found a new high grade zone with an assay featuring 456 g/t Ag over 1.52m and 382.0 g/t Ag over 1.52m, both within a broader zone of 109.4 g/t Ag over 16.8m.
CAPT already has another 40 holes in the lab, so we can look forward to constant news flow over the coming months, which together with the PoS should push CAPT's share price back over $2.
Message 35245514
Dolly Varden Silver aka DV currently has five drills turning on its Kitsault Valley and Big Bulk prospects in BC's Golden Triangle.
Today we heard about a hole drilled in a successful attempt to fill in a gap between previous holes and a recent large stepout along the Wolf Vain They were successful, as indicated by an assay of 1422 g/t Ag, 0.51 g/t Au, 3.05% Pb and 1.42% Zn over 21.70m, including 10700 g/t Ag, 2.54 g/t Au, 4.33% Pb and 1.68% Zn over 1.00m. (True width is approx. 55-65% of core length.) DV also noted that gold and base metal values are increasing as they drill further.
DV was pleased enough with the assays that they have increased the number of planned drill holes at Wolf Creek.
Message 35245550
One of the aspects that has soured me on Tectonic Metals aka TECT and make me want to sell my shares as soon as I can get a decent price is how slow they have been to get assays. out after they finish drillinh They seem to prefer to spend money on promotion rather than expediting the assays.
Anyway, TECT reported that they have completed 48 holes at various prospects across their Flat gold property in Alaska. They say the geologists saw all sorts of promise in the drill core, but the proof is in the assays. Let us hope we don't have to wait too long. They also announced another drill programme has begun.
Considering how TECT has been trading and the way the PoG keeps setting new records, I did increase the ask price on my shares.
Message 35245778 |
