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News from March 2019

03/21/2019
Analysis  
Updated: Ascendant Resources
Ascendant Resources is small zinc producer in Honduras. They call themselves the only pure zinc junior miner. I've included them in the database because they also produce silver. They have one project (El Mochito). They produced 90 million lbs of zinc...  more
03/21/2019
Analysis  
Updated: Kin Mining
Kin Mining is developing a gold project (Leonora - Cardinia) in Western Australia. It is a 1 million oz (1.4 gpt) resource with a feasibility study. Construction was started and then they halted work because they were over budget. Also, they may have...  more
03/20/2019
Analysis  
Updated: Evolving Gold Corp
Evolving Gold is a small project generator focused in Canada. They have one gold property (Toro) that appears to be a potential discovery based on 400 samples. They need to drill and will significantly dilute shares to raise money. This is a very high...  more
03/20/2019
Analysis  
Updated: Blind Creek Resources Ltd
Blind Creek Resources is a small exploration company in Canada. Their Blende property in the Yukon is getting overlooked it has 132 holes drilled. It is a Zinc-Lead-Silver deposit with 320M lbs of low grade and inferred zinc and lead and 34 million oz of...  more
03/20/2019
Analysis  
Updated: Cabral Gold
Cabral Gold is a project generator with a project in Brazil. Cuiu Cuiu is a 1 million oz (1.2 gpt) resource that is growing in size. It's still early exploration without a PEA. They are cashed up and plan to drill in 2018. The management team owns 30%...  more
03/18/2019
Analysis  
Updated: Coziron Resources
Coziron Resources is a project generator focused in Western Australia. They were focused on iron ore projects (Yarraloola, Shepherds Well, and Buddado), but they happen to own large land holdings in the Pilbara (350,000 acres). This should get them to...  more
03/17/2019
Analysis  
Updated: Parallel Mining Corp
Parallel Mining is a project generator focused in Burkina Faso. They recently optioned a property (Mane II) after terminating their agreement in two other projects. In Mane they initiated a 750 meters reverse circulation drilling program, intended...  more
03/17/2019
Analysis  
Updated: Calidus Resources
Calidus Resources is developing a gold project in the Pilbara in Western Australia. Their Warrawoona project has 1.1 million oz at 1.8 gpt (Klondyke property) and is likely to grow in size. They are cashed up and are drilling aggressively. They plan to...  more
03/17/2019
Analysis  
Updated: Pioneer Resources Ltd
Pioneer Resources is a project generator that mostly explores base metals. They have an advanced Casesium project (Sinclair), plus a couple of lithium projects (Pioneer Dome and Mavis Lake). And they have a cobalt project (Golden Ridge). So, this is...  more
03/16/2019
Analysis  
Updated: Kalamazoo Resources
Kalamazoo Resources is a project generator in Western Australia. They recently acquired 3 properties (Dom's Hill, Sisters, and Marble Bar) in the Pilbara on 60,000 acres. It might be a stock to watch if the Pilbara gets hot. They recently sold their...  more
03/16/2019
Analysis  
Updated: Musgrave Minerals
Musgrave Minerals is a project generator focused in Western Australia. They have a gold discovery (Cue) that is 440,000 oz (2.8 gpt) and looks like a mine. The key is going to be exploration success to find out how big of a mine. They are cashed up and...  more
03/16/2019
Analysis  
Updated: Pacton Gold Inc
Pacton Gold is a project generator focused in Australia and Canada. They recently acquired 9 properties (120,000 acres) in the Pilbara in Western Australia. One of these properties appears to be on trend with a DeGrey discovery. With all of the...  more
03/14/2019
Analysis  
Updated: Avidian Gold Corp
Avidian Gold is a project generator focused in Alaska and Nevada. They appear to be a new company. They have 4 early exploration projects that all appear to be potential mines. Golden Zone is the most advanced with 300,000 oz at 1.5 gpt. It looks like...  more
03/13/2019
Analysis  
Updated: RJK Explorations Ltd
RJK Exploration has five early exploration projects in Canada. They had a FD market cap of $12 million in 2016, but after they sold their Blackwater project for $1 million, their share price has crashed. They also had a 10 to 1 reverse split in 2016 that...  more
03/13/2019
Analysis  
Updated: Kairos Minerals
Kairos Minerals is a project generator focused in Western Australia. They have two early exploration gold projects that are interesting. Mt York is in the Pilbara region and has 650,000 oz (1.5 gpt). They may have some of the conglomerate that everyone...  more
03/12/2019
Analysis  
Updated: Belo Sun Mining Corp
Belo Sun Mining is developing a large open pit project in Brazil called Volta Grande (330,000 acres). It is a 6 million oz open pit project (1 gpt). The feasibility study was released in March 2015. The capex is $300 million capex to produce 200,000 oz...  more
03/12/2019
Analysis  
Updated: Alicanto Minerals Ltd
Alicanto Minerals is a project generator based in Australia. They have a JV project with Barrick Gold in Guyana. Barrick has an option to obtain 65% if they spend $10 million over the next four years. This could potentially become a mine. Alicanto could...  more
03/11/2019
Analysis  
Added: Sable Resources
Sable Resources is a project generator focused on gold. They have several properties in Mexico, Argentina, and Mexico. Currently they don't have a discovery, but they seem to be making progress. Investors like the company, giving them a $20 million...  more
03/10/2019
Analysis  
Updated: Confederation Minerals Ltd
Confederated Minerals is trying to advance a high grade project (Newman Todd) in Red Lake, Ontario. They released a PEA in 2014 to get a 70% option, but haven't done much since except drill. They will need to do a lot more drilling to expand the deposit....  more
03/10/2019
Analysis  
Updated: Predictive Discovery Ltd
Predictive Discovery is an Australian project explorer focused in West Africa. They have more than 1.5 million acres in Burkina Faso and Cote d'Ivoire. Not only do they have huge land holdings, but they have been aggressively adding more. Soon they will...  more
03/10/2019
Analysis  
Added: Exore Resources Ltd
Exore Resources (formerly Novo Litio) is a project generator focused in East Africa. They have 200,000 acres and are drilling several discoveries. They not released a resource estimate, but have had a lot of good drill holes (17 meters at 22 gpt, 14...  more
03/10/2019
Analysis  
Added: Titan Minerals Ltd
Titan Minerals has a large gold project in Ecuador (Dynasty). It's a high grade 2 million oz open pit project. Plus, it has a mill, so the capex should be low. They currently do not have any debt. I would expect them to be able to finance the project....  more
03/10/2019
Analysis  
Added: Solstice Gold Corp
Solstice Gold is a project generator focused in Canada. They are exploring a large property (Kuhuna) in Nunavut, Canada. There has been very little drilling so far, but they have a lot of drill targets. They are trying to find a large mine. They have a...  more
03/10/2019
Analysis  
Added: NTM Gold Ltd.
NTM Gold is a project generator focused in Australia. They have 4 projects but are focusing on Radcliffe (400,000 acres). They are drilling 6 deposits and have found 500,000 oz (1.5 gpt). Only 20% of Radcliffe has been explored, so it is probably a 1+...  more
03/10/2019
Analysis  
Added: Azucar Minerals Ltd.
Azucar Minerals has a single gold property in Mexico. El Cobre (17,000 acres) is a potential large mine. One drill hole was 534 meters at .9 gpt. Newcrest mining invested $12 million for 20% of the company. That cash is currently being used for drilling....  more
03/09/2019
Analysis  
Updated: Golden Valley Mines
Golden Valley Mines is a project generator with 6 early exploration properties in Canada. But that only tells part of the story. Here are their other assets: 45% ownership of Abitibi Royalties worth $50 million (3% NSR on Malartic CHL) 32%...  more
03/09/2019
Analysis  
Updated: Hunt Mining Corp
Hunt Mining Corp is a small silver producer in Argentina. In 2016, they purchased the Martha mine and began production in early 2017. They do not have a company presentation and their news releases are not comprehensive. We do not know their resources or...  more
03/09/2019
Analysis  
Updated: Serabi Mining Plc
Serabi Mining is a small gold producer in Brazil. They will produce 40,000 oz in 2019 from their Palito and Sao Chico deposits using a single mill. The have about 500,000 oz (7 gpt) between both deposits. They plan to increase production to 60,000 oz by...  more
03/09/2019
Analysis  
Updated: Trans-Siberian Gold Plc
Trans-Siberian Gold is a small producer in Russia. They have one project (Asacha). It is only an 800,000 (7 gpt) resource, but has low cash costs (around $600 per oz). They have a lot of debt ($19 million), but they are profitable and have $7.5 million...  more
03/09/2019
Analysis  
Updated: Kefi Minerals Plc
Kefi Minerals has an exciting project in Ethiopia. The Tula Kapi open pit and underground project has 1.7 million oz and is growing in size. The PEA is economic with low cash costs around $700 per oz. The capex is high at $160 million, but is mostly...  more
03/09/2019
Analysis  
Updated: Desert Gold Ventures Inc
Desert Gold Ventures has several projects in Africa. They are trying to become a small gold miner in Rwanda and Mali. Their Byumba project in Rwanda is only 265,000 oz, but they have a mining license. It is low capex and they might be able to pull it off.  more
03/07/2019
Analysis  
Updated: Golden Goliath Resources Ltd.
Golden Goliath Resources is a relatively new project generator. They shifted their focus to Canada after the selling of most of their properties in Mexico and also halted exporation in San Timoteo after beeing asked to pay daily "protection" to local...  more
03/07/2019
Analysis  
Updated: GGX Gold Corp
GGX Gold is a project generator focused in Canada. They have one project (Gold Drop) on 25,000 acres in British Columbia. In 2018, after some impressive trench samples, they started drilling and hit very high grade veins but very narrow as well (about 1-2  more
03/07/2019
Analysis  
Updated: Nusantara Resources
Nusantara Resources is developing an open pit gold project (Awak Mas) in Indonesia. It is a 2 million oz (1.4 gpt) resource. They recently released a DFS. The capex is projected to be $146 million, with $650 per oz cash costs and 100,000 oz annual...  more
03/06/2019
Analysis  
Updated: Rumble Resources
Rumble Resources is a project generator focused in Western Australia. They have had success before with exploration and have a good exploration team. They have a large property (250,000 acres) in the Pilbara (Braeside). If the Pilbara takes off, so could...  more
03/05/2019
Analysis  
Updated: Filo Mining Corp
Filo Mining was a spinout project from NGex Resources in 2016. It is a large copper/gold/silver project in Argentina, with 3.3 billion lbs of copper, 4 million oz of gold (70% recovery), and 150 million oz of silver (80% recovery). They released a PFS in...  more
03/04/2019
Analysis  
Updated: Albert Mining Inc
Albert Mining is a project generator focused in Canada. They have about 10 early exploration projects. So far they do not have a discovery, but their share price has doubled in the past year. Management is using a proprietary AI technology called CARDS...  more
03/03/2019
Analysis  
Updated: Aura Resources Inc.
Aura Silver Resources is a small project generator, but they have very large properties with upside potential. The 130,000 acre Taviche property is near Fortuna's high grade San Jose mine. They have already found significant high grade silver (initial...  more
03/03/2019
Analysis  
Updated: Xtra Gold Resources Corp
Xtra Gold Resources is a project generator with one property in Ghana (West Africa). The Kibi project has significant potential. It is on 55,000 acres and has 4 deposits that they are drilling. Zone 2 had a 43-101 resource estimate in 2012 of 400,000 oz...  more
03/03/2019
Analysis  
Updated: Gainey Capital Corp
Gainey Capital is an exploration company with a gold/silver project in Mexico. Their main focus is El Colomo project, which is large (45,000 acres) and next to some very large silver mines. It has a historical resources of 5 million oz (300 gpt). They...  more
03/03/2019
Analysis  
Updated: Ngex Resources Inc
NGEx Resources has two large copper/gold/silver projects in Argentina. The have FD market cap of $205 million, which is cheap based on their potential. The key is going to be financing and copper demand. They just announced that they are spinning out...  more
03/03/2019
Analysis  
Updated: Endurance Gold Corp.
Endurance Gold is a project generator focused in North America (USA, Canada). They have three early exploration projects in Alaska. Elephant Mountain (5 targets), Trout-Wolverine (3 targets), and McCord all have substantial potential. They are currently...  more
03/03/2019
Analysis  
Updated: Macdonald Mines Exploration Ltd.
MacDonald Mines is advancing a gold/cobalt/copper/silver/nickel discovery in Ontario, Canada. Jovan - Powerline (12,000 acres) looks like a potential mine. There has not been much drilling, but surface samples have been encouraging. It is in an excellent...  more
03/03/2019
Analysis  
Updated: Anglo Australian Resources NL
Anglo Australian Resources is a project generator focused in Western Australia. They have 4 early exploration gold projects. Feysville (12,000) acres is a gold discovery, but still early exploration. It is in an excellent location for finding gold mines....  more
03/03/2019
Analysis  
Updated: Venturex Resources
Venturex Resources is developing a base metals project (Sulphur Springs) in Western Australia. It's pretty big, with about 900,000 tons of zinc. It has a feasibility study and is close to being permitted. This project is the reason for their $47 million...  more
03/02/2019
Analysis  
Updated: Batero Gold Corp
Batero Gold has a low-grade open pit project in Columbia. They have a 3 million oz resource (.6 gpt), but only a 67% recovery rate. Surprisingly Batero Gold has a low valuation of $5 million fully diluted. The stock has crashed 98% from $3.80 per share...  more
03/02/2019
Analysis  
Updated: Bear Creek Mining Corp.
Bear Creek Mining is advancing a large silver project in Peru. Corani (300 million oz at 50 gpt) is one of the largest undeveloped silver projects in the world. Corani is on schedule for production in 2021, if they can finance the project ($580 million...  more
03/02/2019
Analysis  
Updated: Explor Resources Inc.
Explor Resources is a project generator in Canada with 4 active properties and 10 total. They have a large land package of 65,000 acres in the Abitibi greenstone belt. Their TPW (Timmins Porcupine West) project is in the right location: Timmins, Ontario.  more
03/02/2019
Analysis  
Updated: Treasury Metals Inc
Treasury Metals has an advanced gold project (Goliath) in Ontario, Canada. It is an open pit (800,000 oz at 2.5 gpt) and underground (700,000 oz) mine. The PEA was updated in 2017 for a capex of $100 million to build the open pit and mill. It will...  more
03/02/2019
Analysis  
Updated: Inv Metals Inc
INV Metals is advancing a large gold project (Loma Larga) to production. The problem is that Loma Larga is in Ecuador and investors are avoiding high-risk locations. It is a 3 million oz (4 gpt) underground project. The silver and copper offsets reduce...  more
03/02/2019
Analysis  
Updated: Marindi Metals
Marindi Metals is a project generator focused in Australia. They have two properties in the Pilbara region. Both are early exploration. Bellary Dome has a potential 15-mile strike of conglomerate. Newman has a similar potential long strike. It is not a...  more
03/01/2019
General  
February 2019 Newsletter Posted
The February 2019 newsletter has just been posted.  more


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