New exploration targets for Cu-Zn-Co-Ag-Au / Zn-Pb-Cu-Ag-Au VMS identified during recent compilation work
Acquisition of 138 claims (63.6 km2)
Helicopter-borne EM surveys (VTEM) totalling approximately 885 line km
Prospecting work planned in June and August 2021 within the area of interest
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Adrian Day's Latest Buy Recommendations (from his newsletter):
"Nevada continues to hold promise for Barrick and Newmont... Barrick Gold (GOLD.NY, 23.46) said it expects Nevada Gold Mines (NGM), which it owns jointly with Newmont (NEM.NY, 71.45) 61.5%/38.5% and of which it is the operator, to produce around 3.5 million ounces annually for the next 10 years. This year and next, production is expected to decline, followed by a boost in 2023 and fairly stable projection after that. The Nevada operations consist of 10 underground and 12 open-pit mines, and 18 processing facilities. Reserves are 45 million ounces, and NGM expects to replace reserves over the 10-year period. Nevada still has significant exploration potential, both in near-term extensions at North Leeville, Goldrush and Turquoise Ridge, longer-term exploration projects. On a stand-alone basis, NGM would be the third largest gold miner in the world, after Barrick and Newmont themselves. It represents 31% of the NAV for Barrick, 19% for Newmont. Barrick is a buy; Newmont a hold.
Midland resumes drilling at prospective Mythril... Midland Exploration (MD, Toronto, 0.72) has resumed drilling on its large, 100%- owned Mythril project, focusing on newly identified copper-gold targets. Midland discovered Mythril by prospecting in late 2018. The new targets have been developed after time was spent better understanding the complex geology. Midland has many prospective projects on the go, including a strategic alliance with BHP seeking copper and nickel. The alliance is reportedly going well, with a methodical approach initially securing a large land position and identifying interesting prospects within the position. Midland is well financed, with about $12 million cash. There are plans for about $10 million of exploration spending this year, $4.7 million from Midland and the balance from partners. The stock has been soft with the market waiting for good results. It is a very strong buy at this level.
Orogen continues to deal properties as cash flow nears... Orogen Royalties (OGN, Toronto, 0.35) continues to deal projects, with optioning out one more Nevada project (to a private company), while acquiring by staking the Onjo copper-gold porphyry in British Columbia. These two transactions illustrate the strategy of optioning existing properties to get work done in exchange for royalties--the agreement has a minimum drill commitment, including in the first year--while continuing to generate new properties. Ermitano remains on track for production in early 2022 to become Orogen’s first cash-flowing project. Orogen is a buy.
More progress at Lara... Lara Exploration (LRA, Toronto, 0.69) continues to advance projects with partners and independently. Recently it announced that partner Hochschild returned more good results from the Corina project in Southern Peru. Another 2,000 metres of drilling is planned. Hochschild has an option on the project in return for a royalty. Lara continues to work in a low-key methodical manner, but several projects are being advanced. The stock is a strong buy for patient investors."
Good luck, people :)
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Several great developments in the pipeline. Precious metal stocks expert Adrian Day loves this stock, son that's good enough for me. Get ready for lift off!
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There is definitely some value here with Midland. Out of my 20 gold/silver stocks, this was the only one that finished up today!
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First
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Look at the resiliency of MIDLF! Outstanding. I can tell everyone here that when the final phase of the gold bull market is complete, this will be at least a $100 stock.
Acquisition of 138 claims (63.6 km2)
Helicopter-borne EM surveys (VTEM) totalling approximately 885 line km
Prospecting work planned in June and August 2021 within the area of interest
"Nevada continues to hold promise for Barrick and Newmont...
Barrick Gold (GOLD.NY, 23.46) said it expects Nevada Gold Mines (NGM), which it owns jointly with Newmont (NEM.NY, 71.45) 61.5%/38.5% and of which it is the operator, to produce around 3.5 million ounces annually for the next 10 years. This year and next, production is expected to decline, followed by a boost in 2023 and fairly stable projection after that. The Nevada operations consist of 10 underground and 12 open-pit mines, and 18 processing facilities. Reserves are 45 million ounces, and NGM expects to replace reserves over the 10-year period. Nevada still has significant exploration potential, both in near-term extensions at North Leeville, Goldrush and Turquoise Ridge, longer-term exploration projects. On a stand-alone basis, NGM would be the third largest gold miner in the world, after Barrick and Newmont themselves. It represents 31% of the NAV for Barrick, 19% for Newmont. Barrick is a buy; Newmont a hold.
Midland resumes drilling at prospective Mythril...
Midland Exploration (MD, Toronto, 0.72) has resumed drilling on its large, 100%- owned Mythril project, focusing on newly identified copper-gold targets. Midland discovered Mythril by prospecting in late 2018. The new targets have been developed after time was spent better understanding the complex geology.
Midland has many prospective projects on the go, including a strategic alliance with BHP seeking copper and nickel. The alliance is reportedly going well, with a methodical approach initially securing a large land position and identifying interesting prospects within the position. Midland is well financed, with about $12 million cash. There are plans for about $10 million of exploration spending this year, $4.7 million from Midland and the balance from partners. The stock has been soft with the market waiting for good results. It is a very strong buy at this level.
Orogen continues to deal properties as cash flow nears...
Orogen Royalties (OGN, Toronto, 0.35) continues to deal projects, with optioning out one more Nevada project (to a private company), while acquiring by staking the Onjo copper-gold porphyry in British Columbia. These two transactions illustrate the strategy of optioning existing properties to get work done in exchange for royalties--the agreement has a minimum drill commitment, including in the first year--while continuing to generate new properties. Ermitano remains on track for production in early 2022 to become Orogen’s first cash-flowing project. Orogen is a buy.
More progress at Lara...
Lara Exploration (LRA, Toronto, 0.69) continues to advance projects with partners and independently. Recently it announced that partner Hochschild returned more good results from the Corina project in Southern Peru. Another 2,000 metres of drilling is planned. Hochschild has an option on the project in return for a royalty. Lara continues to work in a low-key methodical manner, but several projects are being advanced. The stock is a strong buy for patient investors."
Good luck, people :)