FWIW, BMO, always the most negative on the prospects for Sandstorm Gold Royalties aka SSL, kept them at Market Perform with a target of $9 in the wake of yesterday's quarterly reports.
Goliath Resources aka GOT released a summary report on the 24 holes drilled in 2021 in the Surebet deposit on the Golddigger property in BC's Golden Triangle. They clearly have a good handle on the mineralization, given that all the holes intersected significant Au/Ag values, defining a deposit that is over 1lm in strike length that extends more than 1 km down dip. Surebet remains open in multiple directions, and mapping and sampling in 2021 also defined another deposit called the Extension Zone 500m away, as well as several other promising showings.
All these targets will be followed up during the planned 18km drilling programme during 2022. I am still not convinced GOT has the making of a mine, considering the difficult relief in the area, but good results from drilling this year would go a long way to dispelling those doubts.
Message 33655744
One of the main reasons I trading in my B2Gold aka BTO shares for shares in EDV a few years ago was what I perceived as increasing country risk for BTO. This continues to increase, in spite of BTO releasing a PR saying that they will still be able to run their Fekola mine in Mali in spite of sanctions imposed by the Economic Community of West African States in the wake of political unrest. We shall see.
Message 33655785
Rio2 Mining aka RIO today announced that, following successful lab testing of an innovative polymer-based extraction process for ore from their Fenix gold mine under development in northern Chile, that they will be proceeding with further testing, this time on site at Fenix. If the testing is successful and the innovation is adopted, it will be cheaper, use less energy, produced fewer GHGs than the conventional activated carbon process.
Message 33655825 |
