news2

Here are a few of the press releases that I feel were interesting and a comment on each.

NexGen Energy - (NXE.TSXV) - NexGen has intersected more off-scale radioactivity at the Rook 1 project, in the Athabasca Basin, Saskatchewan. Angled drill hole AR-15-39 intersected 89.15m of composite mineralization including 16.75m of off scale mineralization. The hole (AR-15-39) is exciting for management because it has intersected a new higher grade shear zone A3. A3 represents a 200m down dip extension from earlier holes A-14-08 and 13. Leigh Curyer, chief executive officer, commented: "Opening up the A3 shear to a similar-sized envelope of high grade as A2, expands the total potential of Arrow exponentially in terms of size and grade from that previously understood. Arrow is quickly becoming a significant discovery on a world scale with relatively very few holes drilled."

Prosper Gold - (PGX:TSXV) - Prosper has completed the earn in requirements to earn 51% of the Star project in northwestern British Columbia. A payment of $200,000 cash and 200,000 shares was made to Firesteel Resources (FTR:TSXV). Prosper spent close to $3 million drilling the property last summer with some encouraging gold-copper results. To put in a full program this summer Prosper will need to complete a financing.  This might be a challenge without major dilution with the current $0.12 share price. The team at Prosper found the Blackwater gold discovery that was sold to New Gold for $500 million a few years back.

Inca One - (IO:TSXV) - Inca One stock is close to a 52 week high after implementing a small scale toll mining business in Peru. Inca is following the same business model used by Dynacor Gold Mines (DNG:TSX). The Chala One plant is just finishing commissioning but so far so good with 1,187 ounce of gold and 942 ounces of silver being recovered. The current level of throughput is 60 tonnes per day with a goal of getting up to 100 tonnes per day at full capacity.

Related: NexGen Energy Site Visit: All Signs Point to Arrow

Discuss in CEO.ca live chat

This is not investment advice. All facts are to be checked and verified by reader. As always please do your own due diligence.