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

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From: LoneClone12/3/2021 12:51:20 PM
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Kootenay Siver aka KTN announced another set of drill results from its Copalito Ag/Au/Pb/Zn prospect in Sinaloa, Mexico. So far they have outlines over 4 km of strike over six veins, 587.3 g/t Ag, 0.819 g/t Au, and 1.58% Pb+Zn over 3M and 5M of 9.3 g/t Au, 27.6 gpt Ag, and 0.57% Pb+Znc within 23M of 125 g/t/Ag, 2.0 g/t Au, and 0.95% Pb+Zn. They are still a ways from proving up a viable resource, but given the discovery of blind veins and deep-seated minerlaization beneath veins that are low grade at surface, they have a chance to get there, and the high Au and Pb+Zn values are a nice bonus. More drilling is planned.

Message 33600508

Minera IRL aka MIRL released by far the most informative quarterly update in years, no doubt due to the pressure from dissident shareholders (including me) who are trying to oust current corrupt management who are busy siphoning as much money as possible to family and friends in Peru.

The next stage of the showdown will be the AGM to be held on Dec. 14th. You can update yourself using the MIRL board here are SI.

Message 33601418

Sandstorm Gold Royalties aka SSL released an asset update, and it is not good news. Equinox Gold announced a new plan for its Santa Elena mine in Mexico, over which SSL holds a royalty interest,, replacing some of the production with ore from a nearby deposit over which SSL holds no royalty. As a result, SSL reduced its guidance for the years 2022-2024 to 63k oz AuEq per year. The PR also contains some positive drill results from other royalty assets, but those are a few years off from bearing any fruit.

Message 33602629

FWIW, TDW released a new analyst report in response that kept SSL at Buy but reduced their target from $12.50 to $11.

Here's a chart of the recent monthly closes for the PoG which indicates we are still in a holding pattern. Saville opines that the fundamental background for gold is getting more supportive, so this might be a good time to add on weakness. That's what I've been doing, looking for opportunities in stocks that I favour.

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