POSTED ON January 25, 2016 BY Kip Keen
CATEGORY Stories,

The core shack at Roundup is where you find serious teams who are still funding exploration projects in a harsh market. It's also one of the better places to talk shop on existing or emerging discoveries. Today, a few stories catch our eyes.

Skeena Resources (SKE-V)

Visible gold on the Spectrum property.

This is a Ronald Netolitzky outfit exploring the Golden Triangle in B.C. The key goal is the expansion the Spectrum gold deposit. Recent drilling has cut some zingers like 10.63 g/t Au over 27 metres. Now Skeena is updating a resource, due out this quarter, and meantime exploring the neighbouring GJ project. Skeena recently optioned GJ from Teck and NGEX and it contains sizeable copper gold resources (133.67 M tonnes grading 0.32% Cu and 0.36 g/t Au). It also has a number of gold-silver prospects that Skeena reckons are similar to Spectrum.

Latest presentation here.
Cash: $2.6m (Sept. 2015)

Erdene Resources (ERD-T)

Erdene is a long time explorer focused on Mongolia. In recent years they've focused on an emerging gold discovery called Altan Nar where last year they outlined some 203,800 ounces gold @ 1.39 g/t Au in two zones - of many it should be added. The property is riddled with prospects. So far most drilling has been near surface, averaging only 105 metres depth. They continue to expand on discoveries there as they outline a new one at the nearby Bayan Khundii discovery, where sampling at surface has produced notable hits including up to 4,380 g/t Au.

Presentation
Cash: ~$1 million (private placement Nov. 10)

Independence Gold (IGO-V)

These guys operate in the Yukon in the White Gold district, with ground to the south of Kaminak's Coffee gold project. One of the key prospects is the Sunrise zone on the Boulevard project. Recent drilling hit fairly narrow, but nonetheless very interesting gold intercepts with up to 3 metres @ 15 g/t Au.

Presentation
Cash: ~$7.5m (March 2015)

Foran Mining (FOM-T)

Foran holds one of Canada's largest undeveloped VMS deposits in Saskatchewan, McIlvenna Bay. Here they count 13.9mt @ 1.96% copper-equivalent. To the west, Foran has focused exploration on finding extensions to a separate deposit, Bigstone, and proving up metallurgy to bring it into the fold of development plans. Drilling in winter 2015 hit up to 54 metres @ 2.5% copper at Bigstone, making it one of the more interesting base metal deposits in Saskatchewan and beyond.

Presentation
Cash: $1.4m (Sept. 30)

Wolfden Resources (WLF-V)

Wolfden recently shifted focus away from New Brunswick VMS deposits, to Saskatchewan nickel sulphides. Wolfden's chief interest is showing there's more nickel mineralization at Rice Lake, beyond historic areas, on ground that was long held by majors but little explored. I recently gave an overview of plans here.

Presentation
Cash: $360k raised in December.

Mariana Resources (MARL-L)

Hot Maden, Turkey. This is a project that caused considerable buzz (and still does so) through 2015 as one of the higher grade gold discoveries in recent years. It led to an indicated resource of 4.71mt @ 10 g/t Au & 2.2% Cu. Expansion drilling continues. Mariana, which has a 30% stake in the project, is listed in London and made a well-timed takeover of a TSX issuer that previously held the project just before the discovery was made.

Cash: $2 million
Presentation

Check out the rest: The full list of companies in the core shack is here.Worth your time.

Kip Keen

Journalist, exploration bug, CEO.ca team writer, advisor. More →

Twitter: @jrmining

  kipkeen@gmail.com
Kip Keen

Journalist, exploration bug, CEO.ca team writer, advisor. More →

Twitter: @jrmining

  kipkeen@gmail.com

Disclaimer:

Readers are advised that the material contained herein is solely for information purposes. Readers are encouraged to conduct their own research and due diligence, and/or obtain professional advice. Nothing contained herein constitutes a representation by the publisher, nor a solicitation for the purchase or sale of securities. The information contained herein is based on sources which the publisher believes to be reliable, but is not guaranteed to be accurate, and does not purport to be a complete statement or summary of the available data. Any opinions expressed are subject to change without notice. The owner, editor, writer and publisher and their associates are not responsible for errors or omissions. They may from time to time have a position in the securities of the companies mentioned herein, and may change their positions without notice. (Any significant positions will be disclosed explicitly. This article is not intended to meet your specific individual investment needs and it is not tailored to your personal financial situation. Nothing contained herein constitutes, is intended, or deemed to be — either implied or otherwise — investment advice. Thomas Humphreys, Pacific Website Company Inc., and other entities in which he has an interest, employees, officers, family, and associates may from time to time have positions in the securities or commodities covered in these publications or web site. We reserve the right to buy and sell such securities or commodities without notice to readers. While the information herein is believed to be accurate and reliable it is not guaranteed or implied to be so. The information herein may not be complete or correct; it is provided in good faith but without any legal responsibility or obligation to provide future updates. Neither Thomas Humphreys, nor anyone else, accepts any responsibility, or assumes any liability, whatsoever, for any direct, indirect or consequential loss arising from the use of the information in these publications or web site.

Forward-Looking Statements: This article may include certain "forward-looking information" within the meaning of Canadian securities legislation. Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as "seek", "anticipate", "believe", "plan", "estimate", "forecast", "expect", "potential", "project", "target", "schedule", budget" and "intend" and statements that an event or result "may", "will", "should", "could" or "might" occur or be achieved and other similar expressions and includes the negatives thereof. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the potential of the Company's properties are forward-looking statements that involve various risks and uncertainties. There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those anticipated in such statements. Forward-looking statements are based on a number of material factors and assumptions. Important factors that could cause actual results to differ materially from Company's expectations include actual exploration results, changes in project parameters as plans continue to be refined, future metal prices, availability of capital and financing on acceptable terms, general economic, market or business conditions, uninsured risks, regulatory changes, delays or inability to receive required approvals, and other exploration or other risks detailed herein and from time to time in the filings made by the Company with securities regulators. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ from those described in forward-looking statements, there may be other factors that cause such actions, events or results to differ materially from those anticipated. There can be no assurance that forward-looking statements will prove to be accurate and accordingly readers are cautioned not to place undue reliance on forward-looking statements which speak only as of the date of this article. The Company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.

Always do your own due diligence. We seek safe harbor.


Real-time knowledge sharing for global investors: CHAT.CEO.CA
Latest
Popular
tommy

×