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Gold/Mining/Energy : Gold and Silver Juniors, Mid-tiers and Producers

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From: LoneClone5/27/2025 5:19:00 PM
1 Recommendation   of 78401
 
WRLG, IPT, KTRI

The South Austin zone is becoming more and more important to the restart of the Madsen Mine in Ontario by West Red Lake Gold aka WRLG, based on the ongoing discovery of areas of very high mineralization missed by previous operators that are located close to existing workings.

The latest set of released assays from South Austin, for instance, includes intercepts like 61.51 g/t Au over 12.1m, 43.54 g/t Au over 8.35m and 24.61 g/t Au over 11.2m which indicate areas that will be very profitable to mine and very low cost to access. The intercepts are 50m up-dip from the last set of assays, and WRLG expects to extend these high grades in ongoing drilling.

I have raised the ask price on my WRLG warrants, now looking for a double from my purchase price.

Message 35147635

My thesis for investing in Mexican miner Impact Silver aka IPT has been its leverage to the price of silver, which is expected to increase markedly from current levels over the coming year. So far that thesis has not worked out for me like it has several times in the past, but with the release of IPT's Q1 results we can see the groundwork being set.

IPT generally runs around break even depending of the PoS and costs, but has been running at a loss the last year due primarily to the costs of restarting and upgrading the Plomosas zinc mine. But as of Q1, they were back around break even with greatly increased production of silver, zinc and gold across their mines even as costs have stopped increasing. With Plomosas scheduled to increase another 25% in 2025 and increased production of silver and gold from Zacualpan IPT should be able to start generating significant profits in the coming quarters, I hope enough to rerate the stock.

IPT remains in good financial shape, with $6.6M in cash and no debt at the end of March.

Message 35147650

Kootenay Resources aka KTRI continues to present results of their reanalysis of past work on their Copley prospect on the Nechako Plateau in BC by KTR and CG. They have found a number of targets for epithermal Au/AG mineralization as well as indications of an underlying Cu/Au porphyry like that found in the various mines operating in the region. The PR lists a number of promising locations which need to be followed up by drilling. I expect they will be using this and earlier PRs on Copley to either attract another partner of to generate a PP to fund the exploration themselves.

Message 35147662
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