Impact: Mildly Positive Initial results from Aguinaga are encouraging, providing a secondary resource target at Cascabel. Alpala continues to show potential for growth.
Impact: Mildly Negative Drilling on the Kairamaat 2-3 permit ended a few weeks earlier than expected, however, drilling continues on other fully granted permits at the project.
SolGold Plc (TSX:SOLG) – Extension of Epithermal Gold Mineralization Highlights Regional Exploration Potential
Impact: Positive New discovery highlights the company’s large land package and ability for additional growth and discovery beyond Cascabel
Bonterra Resources Inc. (TSXV:BTR) reported encouraging initial results from its winter drill program at its Gladiator Gold Deposit which continue to confirm our view that resource expansion is likely. Highlights from these first four holes include, high grades from hole BA-18-04 intersecting 16.9 g/t Au over 6.5m at the Main Zone and 14.1 g/t Au over 1.5m at the South Zone as well hole BA-18-03A extended the strike length and depth in the Main Zone.
Novo Resources Corp. (TSXV:NVO) has provided an update on its exploration activities at Comet Well, which includes the expected announcement of +5-tonne bulk sample results in ~1 month. The samples were taken from the few meters of basal bouldery conglomerate that has been identified to be unique to the Powerline showing (Figure 1).
Brixton Metals Corp. (TSXV:BBB) continues to have drill success at its Hudson Bay project in the Cobalt Camp, highlighted by 0.22% Co, 0.48% Cu and 17.3 g/t Ag (0.25% CoEq, 336.62 g/t AgEq) over 3.00m (HB-18-04) and 0.71% Co, 10.3 g/t Ag, 0.46% Ni, 0.37% Zn (0.80% CoEq, 908.95 g/t AuEq) over 1.00m (HB-18-05), both at shallow depths of 46m and 56m respectively.
Novo Resources Corp. (TSXV:NVO) raised C$3,338,701 after the full exercise of 3,927,884 share purchase warrants from the company’s private placement which closed on March 8, 2016, resulting in a cash balance of C$69.5 million.
Aquila Resources Inc. (TSX:AQA) provided a permitting update regarding the wetland/stream/floodplain permit application for its Back Forty Project in Michigan. The permitting process is progressing as the company has received comments from the United States Environmental Protection Agency (EPA) and the company now has 90 days (from March 8, 2018) to work with the Michigan Department of Environmental Quality (MDEQ) to respond and provide the necessary information to resolve the EPA’s requests.
Yesterday, Red Cloud Klondike Strike Inc. hosted an update lunch with Novo Resources Corp. (TSXV:NVO). President, Director and Chairman, Dr. Quinton Hennigh recalled past and ongoing exploration efforts which has led the company to refine its knowledge on how to most suitably explore its Karratha gold project.
Mawson Resources Ltd. (TSX:MAW) reported initial results from its 2018 winter drill program at its Rajapalot Project in northern Finland, highlighted by 8.4 g/t Au over 31.7m including 21 g/t Au over 10.9m (PAL0093), the best hole drilled to date by grade X thickness.