Klondike Gold Corp. (TSXV:KG) – Drilling Expands Lone Star Zone 250m to the East

Klondike Gold reported results from its 2021 Phase 2a diamond drilling program at the Lone Star zone, part of its 100%-owned Klondike District property in the Yukon (Figure 1). Drilling aimed to test the eastern extension of the zone with 12 holes (1,222m) with results extending near-surface Au mineralization by 250m or +25% in length. As outlined in our initiation report, we continue to believe that the company could likely delineate a ~0.5M oz Au resource at ~1.0 g/t Au at the Lone Star and Stander zones in 2022 based on existing and planned drilling in 2021.

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Sterling Metals Corp. (TSXV:SAG) – High-Grade Ag-Polymetallic Discovery at Sail Pond

Sterling Metals reported the first assays from the maiden drill program at its now 100%-owned Sail Pond Ag-Cu-Pb-Zn project located on the Great Northern Peninsula of Newfoundland. Results from nine holes at the South Zone confirm that Sail Pond hosts high-grade Ag-polymetallic mineralization. These results validate the thesis we outlined in our initiation report that the company could make a brand-new discovery at Sail Pond with its maiden drill program. We believe continued positive results from the 25 holes at the lab and ongoing drilling could continue to re-rate the stock.

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