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

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From: LoneClone11/16/2021 1:52:51 PM
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First off, kudos to SI veteran Sultan for doing some detective work regarding the new company Kootenay Silver aka KTN recently spun off. It is called Kootenay Resources and was created to hold KTN's BC assets (or maybe just most of them; it's not clear to me).

Kootenay Resources is not listed. Sultan talked to a company rep at a gabfest and was told they are planning to list it once they raise enough money to meet the exchange's minimal financial requirements. Given that Eric Sproot owns around 10%, maybe Uncle Moneybags will take the lead role.

I-80 Gold aka IAU released the first set of drill results from it Granite Creek gold project in Nevada. IAU is aiming to bring Granite Creek into production, both from an open pit containing oxide mineralization and from underground refractory ore. They have completed 13 holes so far but have only received assays from 4, but those four all contain impressive intercepts, such as 14.7 g/t Au over 10.2M and 16.4 g/t Au over 3.4M in hole iGS21-04, which will help expand the underground resource, which remains open.

With all they have going on, expect a lot of newsflow from IAU. I also expect more analysts to take notice.

Message 33576337

Calibre Mining aka CXB released a PR today announcing the discovery of a new high grade gold trend a the Volcan Au prospect, located less than 5 km. from CXB's Libertad mill in Nicaragua. The discovery remains open in all directions, and will eventually provide ore to the mill.

Message 33576362

FWIW, before that PR was released, TD released a new analyst report on CXB which the discusses the impact of the recent Q3 results plus the announcement of the acquisition of Fiore Gold which operates in Nevada. TD sees the impact as neutral and kept CXB at Buy with a target of $2.75.

And Rio2 aka RIO released a PR detailing another portion of the financing of the construction of their Fenix gold mine in Chile. The mine will cost US125M-135M to build. RIO has already completed a $35M equity offering, and this signing of a gold stream deal with Wheaton Precious Metals brings in another %50M. The remaining $50M-60M will come from a debt facility currently being finalized with BNP Paribis. I am hoping they reach their goal of first production before year end 2022
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