KDK, WGX, MTA, OGC
Kodiak Copper aka KDK released the initial Resource Estimate for its MPD project in south central BC. Note that this estimate covers only four zones on the property; three more are currently undergoing more drilling so they can be included in a revised Resource Report expected before year end. Note also that the 0.2% CuEq cutoff used by KDK is the same as that used by producing mines in the area, and that the overall grades are similar.
The Inferred Resources, which encompass the Gate, Ketchan, Man, and Dillard zones, amounts to 240.7Mt @ 0.33% CuEq containing 1.29B lb Cu and 960k oz Au. The Indicated Resource, which so far occurs only in Gate, amounts to 56.4 Mt @ 0.42% CuEq containing 385M lb Cu and 250k oz Au.
Make sure you check out Fig. 2 for an excellent representation of these four zones from below.
So now we await more drill results and then an updated Resource Report. Metallurgical testing to support eventual economic studies is also underway.
Message 35177925
West Australian gold miner Westgold Resources aka WGX made an announcement today that surprise med, with the award of a contract to multinational Barminco to take over at the Great Fingall gold mine in the coming months as it begins production.
WGX's rationale is that Great Fingall is a small compact deposit that is straightforward to mine, and that their own personnel can be better deployed at their larger assets like Beta Hunt and Bluebird.
No information is given about the terms of the contract other than it is for three years.
Message 35177965
Metalla Royalty & Streaming aka MTA published its 2025 asset handbook and annual letter to shareholders. I didn't see anything new, but it provides a useful review of MTA if you need on.
Message 35178019
FWIW, in the wake of yesterday's update by OceanaGold aka OGC regarding drilling at Wharekirauponga (WKP) in New Zealand, which is being developed into a gold mine, Scotia issued a new analyst report. Impressed by the step out drill results, Scotia called the impact Positive but kept OGC at Sector Outperform with a target of $20.50.
Saville expects the PoG to correct to around 33120, possibly into the $2800s. He also opines that the correction in gold stocks might be over but the signals are mixed. |
