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

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From: LoneClone1/13/2022 2:19:19 PM
3 Recommendations

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Anchan
onepath
Pianoman1997

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The latest PR from Tudor Resources aka TUO was a bit of a grab bag, wrapping up the final results from 2021 exploration at their Treaty Creek JV in BC's Golden Triangle. Three holes drilled to extend the Goldstorm deposit all ended in mineralization before had to be abandoned due to encroaching winter conditions and will be re-drilled next year. A hole at the recently discovered Calm Before the Storm deposit extended the mineralization a significant distance, and a trench at the Eureka target reveled significant mineralization that will be followed up by drilling.

2022 will be a busy one for the Treaty Creek JV partners. Goldstorm remains open in every direction and at depth, and the various exploration targets will also be followed up. We can expect constant newsflow once spring arrives and they can get back at it.

Message 33658798

I-80 Gold aka IAU released what they call a comprehensive plan to create a Nevada-focused gold mining company. I think we have seen all of the contents in bits, but to see it all pulled together into one document is to be impressed. They plan to use a 'Hub and Spoke' development plan to activate four separate mines over the next three years, all based around the Lone Tree complex which can process both oxide and refractory ore. Sulphide mineralization from the Granite Creek, Ruby Hill, and McCoy-Cove mines will be processed at the Lone Tree autoclave, while oxide mineralization from Buffalo Hills and associated deposits will be extracted through a heap leach at Lone Tree, which is expected to produce its first gold before the end of the year, followed over the next few years by the initiation of production from the autoclave.

IAU has plenty of money and now a detailed plan, so from here on we will will be able to keep track of how they are doing with the many project milestones they have set. Given this management's track record, I expect them to pull everything off.

And BTW, as far as I know CEO Evan Downie is no relation to the Downie brothers from the Tragically Hip.

Message 33658956

Wallbridge Mining aka WM released the first set of results from the 2022 drilling campaign at their Fenelon gold project in Quebec. In the wake of their recently released initial Resource Estimate, they have found, within the resource envelope, more high grade near surface minerlaiztion at Area 51 which will likely be suitable for open pit extraction. As well, they further extended a high grade shoot below the resource envolope at Tabasco. Expect a constant flow of results like these as they prepare to begin economic studies on Fenelon later this year.

Message 33658994

Prospect developer Riverside Resources aka RRI released a review of 2021 accomplishments and laid out its plans for 2022. They are well-funded with over $5M in cash on hand, plus many of their programmes are at least partially funded by JV partners. As usual, most of their effort will be expended in Mexico, along with some work on the their remaining Ontario gold prospects. Personally, I am most excited about their copper exploration JV in Mexico in conjunction with major BHP. This has already generated 5 JVed properties, and they hint that there will be more. I am also looking forward to more exploration results from the Oakes gold property in Ontario and the La Union Au/Ag prospect in Sonora, and we will also get results from partner-funded programmes on several other Mexican JVs.

Message 33659060

Perhaps RRI's most important achievement last year was to spin out Capitan Mining aka CAPT, which is exploring its 100%-owned Capitan Hill Au/Ag deposit in Durango Mexico. CAPT brought us an update which includes some decent drill results, but more importantly, also tells us they have bought out some onerous royalties on the most important parts of the property. As the example of KRR's rise tell us, getting rid of such royalties can be a vital step into bringing a deposit into production. The results included in this PR extended the deposit a further 170M down dip, which helps, and there are still 11 holes pending. The next round of drilling begins later this month.

Message 33659091

Calibre Mining aka CXB announced that they have completed the takeover of Fiore Gold aka F. We shall see whether the combination of a company operating profitable gold mines in a problematic country with a company operating a difficult gold mine in Nevada, as well as several nearby development projects, will be a success.

Message 33659126

FWIW, in the wake of that announcement and the recent quarterlies, TD released a new analyst report which see the impact as mixed. They have recalculated the combined CXB's NAV as substantially lower, primarily due to cost increases in Nicaragia, and as result maintained CXB at Buy but lowered their target from $2.75 to $2.25.
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