KDK, DV, NRN, WGX
A few years ago Kodiak Copper aka KDK expanded its MPD property in south central BC where they are looking for large Cu/Au porrphyries, by acquiring an adjoining land package now called MPD Northwest. Now they have added another 13 sp km, one sq km at the very north of MPD but more importantly a 12 sq km package called Ketch, onto which extends the Ketchan deposit, one of the first Resources declared on MPD.
The transaction, with EPL.V, cost KDK 300K shares plus a 1-2% NSR. It is being followed up by a large soil sampling survey.
Message 35303002
Dolly Varden Silver aka DV released an update on drilling at their Kitsault Valley They have completed 84 holes totalling 56131m aimed at various Ag, Cu, and Ag targets, with 60% of them on the Dolly Varden property and the rest on on Homestake Ridge.
Unfortunately the release did not include any assays, or any indication on when they will be forthcoming.
Message 35302814
Northern Shield Resources aka NRN released some drill results from its Root & Cellar prospect in Newfoundland, where they are looking for both epithermal Au and porphyry Cu, both of which are associated with enriched Te. With the latest drilling, they think they have been able to link the the two by finding the boiling zone. Specifically, they have defined a 75 metres-wide, 400 metres-long and 50 metres-deep zone cut by Au/Ag/Te veins that extend to the Creston porphyry Cu anomaly.
Next up, NRN is waiting for permits to drill 14 deeper holes at Creston in hope of finding the underlying porphyry.
I am getting a little more hopeful that NRN, which has failed at exploration on property after property over the last years, might actually be on to something this time.
Message 35302675
West Australian gold miner Westgold Resources aka WGX released its annual report. I couldn't see anything new compared to what we have already seen in various PRs, but maybe you can find something. In any case, it is nice to see the stock consolidate above $5 on the TSX.
westgold.com.au
Saville points out that central banks are currently preferring gold to US Treasuries not in an attempt to restore the Gold Standard, but to reduce US counterparty risk. He also points out that recent tightness in London silver represents a problem with logistics, not supply, as global silver supply remains abundant. Finally, he notes that HUI failed to confirm its breakout above the 2011 high so will likely either drop sharply toward the mid-400s or go through an extended consolidation between 500 and 600, all within the context of a ongoing cyclical bull. He also reiterates his belief that copper will be the big winner over the next few years. |
