This Guru roundup is all about companies that are due to release results from drilling campaigns that were launched earlier in the year.
Though most of these companies can boast multiple assets at various stages of exploration and development, it’s their pending drill hole assays that I’m fixated on.
So with that bit of (transient) myopia laid bare, let’s take a look at a few prospects…
These were step-outs at the North Boundary zone.
Highlights from that September 25th release included:
- 5.08 g/t Au over 12.0 meters (40.0m – 52.0m depth), including 24.25 g/t Au over 2.0 meters (42.0m – 44.0m depth).
- 23.3 g/t Au over 2.0 meters (106.0m – 108.0m depth).
- 3.18 g/t Au over 15.0 meters (232.0m – 247.0m depth) including 11.02 g/t Au over 2.0 meters (239.0m – 241.0m depth), as well as 31.40 g/t Au over 1.0 meter (261.0m – 262.0m depth).
- North Boundary Zone remains open in all directions.
- 36 drill holes completed to date with assays pending for 27 of these holes which were drilled using Oriented Core Drilling techniques.
- Drilling continues as part of an expanded program.
- Broad soil geochemical anomaly over 4 km in length and continues to yield new discoveries (i.e.: recently-announced South Boundary Zone where final assays are still pending)
As noted above, we’re awaiting additional assay results from 27 holes, 3 of which are from their South Boundary zone. I’m especially keen to learn what Aben has in these 3 holes at South Boundary.
Jim Pettit talks about Forrest Kerr in the link below. This, from last months Metals Investor Forum in Vancouver…
There are a fair number of moving parts to this story. Much can be gleaned from these recent Equity Guru features…
Aben could drop assay news at any moment. Stay frosty.
Blue Moon Zinc (MOON.V) commenced a Phase 1 drill program at their 100%-owned Blue Moon zinc-rich Volcanic Massive Sulphide deposit in Mariposa County, California. I know what you’re thinking, but this particular Californian county is steeped in mining history. Blue Moon is a welcome neighbor in Mariposa.
This initial drilling program consists of 1,200 meters and is targeting northern and southern extensions of the upper Main and West lenses between a depth of 500 and 1,000 feet from surface.
The focus of this drilling campaign is to expand the current resource – 3.7 million tons in the Indicated category grading 8.3% zinc equivalent, and 4.1 million tons in the Inferred category grading 7.8% zinc equivalent.
The company also states that there is significant potential to find multiple ‘Blue Moon’ style deposits along strike.
An update from this drilling campaign could come at any time. We shouldn’t have long to wait for the first set of assays.
Of interest, the company has also sent old core to the lab – intervals from a previous operation that contain massive and semi-massive sulfides. This core will be assayed for the first time.
The metal values in both old and new core could impact the current resource in a very positive way.
We stand to watch.
Additional insights regarding Blue Moon can be gathered here, in the following Equity Guru articles…
Blue Sky Uranium (BSK.V) is currently exploring and developing its 100% owned Amarillo Grande Project located in central Rio Negro province, in the Patagonia region of southern Argentina
Results from a 61-hole, 1,029-meter reverse circulation drilling program at their Ivana Uranium-Vanadium deposit are on deck.
You might be wondering, ‘Yo… only 1,000 meters in 61 holes… that’s like 16 meters a hole… ya’ll?’
The fact is, Ivana is largely a surficial deposit. It begins right under your feet. What Ivana lacks in thickness, it more than makes up for in lateral scale. The sprawl-potential at Ivana is considerable.
This 1,000 meters could go a long way toward expanding the current resource, a resource boasting some 19.1 million pounds of uranium and 10.2 million pounds of vanadium.
Results could come at any time. The company’s share price has firmed up nicely in recent sessions, perhaps in anticipation of these pending assays.
Greater knowledge regarding this highly strategic uranium-vanadium district can be gained here, in the following Equity Guru pieces:
Boreal Metals (BMX.V) is a dynamic exploration and development company focused on Scandinavia. They boast no less than eight highly prospective irons in the fire, any one of which has the potential to dramatically alter the company’s market-cap.
In late September, BMX commenced a 1,000-meter reconnaissance drill program at their Burfjord IOCG project in Norway.
The target at Burjford is high-grade copper.
The Burfjord Copper-Gold Project is host to numerous high-grade veins with associated copper-rich envelopes developed across a large, 4 by 6 kilometre area and represents an attractive exploration drilling target with bulk tonnage mining potential.
Since drilling began only two weeks ago, assay results are likely several weeks off.
An abundance of awareness can be acquired in the following Guru reports…
Canada Cobalt Works (CCW.V) is a battery metals dynamo. It operates in a region which produced in excess of five-hundred million ounces of silver and over thirty million pounds of cobalt in its day.
CCW’s Castle Mine Project produced its fair share of metal in its own right, some 9,410,095 ounces of silver and 376,053 lbs of cobalt.
The company’s fully permitted underground access at Castle allows it to tap into thousands of meters of high-grade cobalt vein structures.
CCW has been drilling underground since early June. In late August, the company reported it had intersected visual cobalt mineralization in most of the 40 drill holes it had completed to date. At the same time, they initiated a surface drilling campaign to test several high priority targets 1.5 kms east of the Castle mine workings.
On deck is a mountain of assay data. The market is chomping at the bit awaiting the release of these results.
News could drop any day. Great drama could follow.
A bounty of wisdom can be garnered from the following Guru write-ups…
Zinc One (Z.V) is exploring/developing the past producing Bongará Mine Project in north-central Peru.
With its multiple near-surface mineralized zones, this is one of the highest grade zinc deposits on the planet.
Highlights from recent assay releases include:
- MGS18004 – 9.1 metres of 43.6% zinc, starting at surface.
- MGS18017 – 8.2 metres of 42.7% zinc, from 7.5 metres drill depth.
- MCH18014 – 49.5 metres of 38.7% zinc, from 7.3 metres drill depth.
- MCH18013 – 19.8 metres of 46.8% zinc, from 1.9 metres drill depth.
Note the grade. Note the depth.
Drill results at Mina Grande Norte and the remaining drill holes at Mina Grande Centro could be released any day now.
Greater appreciation of Zinc One might be found in the following Guru commentary:
Other companies that are due to deliver potentially market-moving assay results include:
Golden Ridge Resources Ltd (GLDN.V): exploring their Hank Project in BC’s Golden Triangle. Assays are due from 3 separate zones.
International Samuel Exploration Corp (ISS.V): currently drilling their LGM property in BC’s Golden Triangle. Small market-cap. Highly prospective targets.
Jaxon Mining Inc (JAX.V): commenced drilling at their Red Springs project in the Skeena Arch area of northwestern BC. Again, small market-cap, highly prospective targets.
Kintavar Exploration Inc (KTR.V): currently drilling off multiple copper zones at their Mitchi property in Quebec, an extensive sediment-hosted stratiform copper type deposit. Strong assay flow is expected over the coming weeks/months. A potential world-class Cu district in the making.
Prize Mining Corp (PRZ.V): currently drilling off its high-grade ‘Red Bed’ Manto Negro Copper Property in Mexico. I’ll be watching this one closely.
The above list of assay-bearing companies is by no means complete. It’s just some of the companies we follow closely here at Equity Guru.
~ ~ Dirk Diggler
Full disclosure: ABN, MOON, BSK, BMX, CCW and Z are Equity Guru clients, we own their stock. GLDN, ISS, JAX, KTR and PRZ are not Equity Guru clients, the author does not own shares in these companies, but may initiate purchases in the future.Disclaimer: ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making an investment. This communication should not be used as a basis for making any investment.