WM, NRN, KTN, BTO
Wallbridge Mining aka WM released the first set of drill results from its Matiniere gold project, located just to the west of its flagship Fenelon gold project in the Detour-Fenelon gold trend in Quebec. This programme has two objectives, to expand mineralization beyond the current MRE and to test some grassroots exploration targets.
In terms of resource expansion, drill results like 5.15 g/t Au over 4.00m extended the Dragonfly Zone 300m to the east of the MRE, while results like 10.73 g/t Au over 3.00m including 26.50 g/t Au over 1.10m expanded the Southwest Extension by over 250m. In addition, a new target, M3, was defined at depth.
Grassroots drilling within a few km of the MRE was also able to define three grassroots targets for further followup, with assays from another 4 targets pending. Once all the results are on, I expect a revised Resource Report for Martiniere.
Message 34426960
Northern Shield Resources aka NRN released an update on the current small drill programme on its Root & Cellar Au/Ag/Cu/Te prospect in Newfoundland. They are completing the fourth hole, and so far the core looks good, including some visible gold, but no assays yet.
Get back to us when you have some real news...
Message 34428052
Kootenay Silver aka KTN released an update on the ongoing drill programme at its Columbo Ag/Au/Cu/Pb/Zn prospect in Chihuahua, Mexico. Again, we get no assays; rather we are told they are pending but the veining looks good and they are also finding stockwork mineralization. All well and good, but the proof is in the assays of the pudding...
Once this drilling as well on other targets is completed next year, we will get a Resource Report.
Message 34430772
FWIW, after a site tour at B2Gold aka BTO's Back River gold project in Nunavut which is currently under construction, TD issued a new analyst report which called the impact Neutral and kept them at Action List Buy with a target of $9.50. OTOH, in the wake of the same site visit, Scotia called the impact Positive while also maintaining their rating at Sector Outperform and their target of $7.75. |
