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Chalice has released encouraging results from its Pyramid Hill project where it just completed a 19,500m air-core and reverse-circulation (AC/RC) reconnaissance drill program. Chalice is on the hunt for quality deposits at Pyramid Hill in the prolific Victorian Goldfields of Australia while also advancing East Cadillac, within the Abitibi of Quebec, where exploration work is ticking the boxes for another Canadian Malartic. Chalice’s discounted EV doesn’t reflect that this is a cashed-up junior on the hunt in two major gold camps.
Aurion’s recent drilling results were successful in growing a coherent high-grade mineralized zone at its Aamurusko Main Zone and in uncovering sandstone and conglomerate hosted mineralization through first pass drilling at its Notches target. These positive results continue to support our fair value estimate C$2.29/sh with upside potential to C$5.57/sh and we expect ongoing exploration to continue to demonstrate this potential.
Seabridge has announced an upgraded resource at Iron Cap, one of its four large Au-Cu porphyry deposits that make up the KSM project in BC. As a result, the slight increase higher-grade resources have positively impacted our estimates. As Seabridge continues to improve the size and quality of its resources, this news continues to highlight the company’s undervalued potential as it seeks a suitable JV partner.
De Grey continues to pursue aggressive resource expansion with recent drilling suggesting material resource growth is likely at Toweranna. We believe De Grey is worth A$0.30/sh and these drill results are another step in demonstrating the exploration potential of the Pilbara Gold Project.
Drill results out of De Grey’s Wingina and Amanda deposits extend both targets beyond their current resource shells and highlight the largely untested discovery potential of the >60km thrust zone in which both deposits occur. We recently published our initial estimates and we expect the company to gradually re-rate as it turns out the scale and discovery potential see at its Pilbara Gold Project.
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer (EMD) in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and Yukon.
Red Cloud Klondike Strike Inc. connects mining companies with suitable investors that qualify under available regulatory exemptions. For example, in Canada, according to National Instrument 45-106, Prospectus and Registration Exemptions. Similar laws and regulations apply in other jurisdictions. Companies presented on this website are considered to be highly speculative and, as such, are suitable only for purchasers who can tolerate the highest level of risk including the loss of their entire investment.
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