| | | RRI, CKG, ANZ, IAU, GOT, ORS, BTO
Project generator Riverside Resources aka RRI is mainly focused on Mexico, but they also have some gold prospects in Ontario, the most important being Oakes in the Geraldton gold belt. RRI's geologists started with a few minerlaized outcrops, and through mapping and sampling and trenching were to define what they call the HG zone, and now we get the first drill results from that zone. The results are not immediately eye-catching, e.e. 1.7 g/t Au over 4m and 8.4 g/t over 1m, but this was just a preliminary programme restricted to 100m in depth. Noting also that they did find gold on some structures parallel to HG, I expect a more thorough drill campaign to come now that the geological model has proved out. And given RRI is a project generator, I expect they are searching for a partner to pay for the further exploration in exchange for partial ownership.
Message 33996207
Chesapeake Gold aka CKG issued a metallurgical update on material sourced from its Metates project in Durango, Mexico. Metates is a very large low grade Au/Zn deposit, and CKG has been trying for the 15 years I have been following the company to unlock its value, trying various approaches but never coming up with anything good enough to attract the deep pocketed partners necessary to supply the large capex required to build the mine and mill(s). Even under new management, CKG remains well-funded but moves very slowly, e.g. near the end of this NR they comment that had planned to commence a PFS this year, but...
Message 33996183
Over the past number of years, one of the companies that combined to become Alianza Minerals aka ANZ has discovered several high grade veins on its Haldane Ag/Pb/Zn property in the Keno Hill district in Yukon Territory. They are once again on the hunt, with crews engaged in mapping and sampling on four prospects on the property. Interestingly, catalyzed by a recent nearby discovery by Banyan Gold, this time around they are also looking for gold mineralization. ANZ plans to follow up any discoveries with drilling, presumably next year given how late in the Yukon exploration season it is.
Message 33996125
I-80 Gold aka IAU continues to pull high grade drill results from the South Pacific Zone on its Granite Creek gold project in Nevada, with the headline result being 10.7 g/t Au over 14.5m on a 40m stepout. Given that IAU wants to bring Granite Creek into production within months, it is also significant that they intersected 15.5 g/t Au over 2.7m, 19.6 g/t Au over 10.4m, and 10.2 g/t Au over 4.9m within 100m of existing workings, which will be extended to access the ore.The SPZ now has a strike length of over 600m and a dip length of 250m and remains open in multiple directions, so with these kinds of grades it should be a real money spinner.
Message 33996101
This is getting darn frustrating. Goliath Resources aka GOT issued yet another PR on the ongoing drill campaign at the Surebet zone on their Golddigger Au/Ag prospect in BC's Golden Triangle full of pretty pictures and hopeful words about the mineralization they are seeing, but still no damn assays! Yes, that core does look very promising, and the Surebet zone has grown to 1.4 sq km., but until we get some assays...
Message 33995430
We hadn't heard from Orestone Mining aka ORS in months, but now we've had two PRs in a week with a promise of another in the near future. Last week they announced a large expansion of the property; this one concerns the completion of a large geophysical survey on their Captain gold/copper prospect in north central BC, not far from the producing Huckleberry mine. Geophysics is vital for this property as the mineralization is hidden under overburden. Previous drilling has found some mineralization, but further work has revealed the holes only touched the edge of what might be the giant porphyry they are looking for.
Message 33995437
FWIW, TD put out a new analyst report on B2Gold aka BTO, keeping their target at $9 but upgrading them from Buy to Action List Buy. They don't cite any [articular recent developments except for the recent selloff leaving them very undervalued considering their strong near-term outlook
It should also be noted that there are rumours about that BTO is shopping itself to potential buyers, most notably NEM. |
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