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We believe Finland has the potential to yield multiple major gold discoveries. We recently had the opportunity to visit several projects in Finland which was highlighted by the fact that despite having a long and significant mining tradition, there has been a late move (1990’s) to commercial gold exploration creating opportunity in this top-notch jurisdiction. Our favourite Finland focused gold exploration companies include: Mawson Resources Ltd (TSX:MAW), FireFox Gold Corp (TSXV:FFOX), and Aurion Resources Ltd (TSXV:AU).
We visited a number of other quality projects discussed in-detail within this report.
With promising deposits at both Minto South and Surluga, Red Pine’s drilling continues to de-risk Surluga while also pointing to growth beyond current resources. Today’s results support our view that the Wawa corridor hosts a large gold system which may encompass multiple gold deposits.
Coro Mining Corp announced a second batch of drilling results from La Atómica
which continue to demonstrate the potential to expand oxide copper resources at its Marimaca project in Chile. With cash in the bank and 30,000 meters of drilling planned in 2019, we think Coro is well positioned to create value as it steps out to test targets on trend and contiguous to its Marimaca oxide-copper deposit (M&I: 47Mt @ 0.65% CuT).
Mawson’s newly released electromagnetic survey results from South Palokas add a potential doubling of the second component of the company’s current resource at Rajapalot. With 15km of drilling to commence shortly, we can expect significant resource growth as the company follows-up on two large conductive plates at both South Palokas and Raja. We continue to believe that Mawson is nearing a significant Au-Co discovery beyond the current maiden resource which will be confirmed with coming drilling.
Anaconda Mining reported record gold production for 2018, exceeding both our estimates and the company’s 2018 guidance. Financials have yet to be released but we expect these results to generate cash that would support the development efforts at the Goldboro project.
We continue to believe that Anaconda’s share price still fails to account for the growth that Goldboro is expected to deliver starting in 2021.
Rockcliff today announced a dramatic increase to its holdings in the Snow Lake South Emerging Mining Camp (“SLSEMC”), increasing its position by 51% to 290,000 hectares. The SLSEMC represents the underexplored extension of the Snow Lake VMS Mining Camp beneath cover and has the potential to host multiple VMS discoveries. We like Rockcliff’s balanced risk/reward profile with high probability that 2019 drilling is likely to expand resources alongside exciting “Blue Sky” potential on the now super-sized Snow Lake South (SLS) projects (SLS #1,2,3&4).
Anaconda provided an exploration update on Goldboro and the results continue to support our view that the company is poised to grow this resource in 2019
and advanced it towards production. We continue to believe that Anaconda’s share price still fails to account for the growth that Goldboro is expected to deliver starting in 2021.
The now extended and expanded MOU between Novo and Sumitomo Corporation (TYO:8053) proposes an agreement which could bring the needed cash, confidence and expertise for furthering the company’s Australian projects. We believe the market continues to undervalue the com pany’s Karratha, Egina and wider Pilbara projects, with much of the current value underpinned by an improving Beatons Creek project.
Sampling at FireFox’s Mustajärvi project has successfully increased both the size and grade potential of the company’s drill targets for 2019. FireFox benefits from being in one of the best mining jurisdictions in the world and is strategically positioned as a significant land holder in the Central Lapland Greenstone Belt (CLGB). We expect positive drill results to generate the momentum needed for a re-rating of this newly public company.Highlights:
Following its maiden resource of 100 koz at 6.8 g/t at its Minto South
project, Red Pine is now filling in the gaps at its larger Surluga project alongside high grade discoveries at Minto South demonstrating its potential for future growth across its projects.
The results support our view that the Wawa corridor hosts a large gold system which may encompass multiple gold deposits.
Sampling results from SolGold’s Porvenir porphyry targets in Southern Ecuador provide exciting new prospects for SolGold as it continues to demonstrate
its copper-gold expertise in Ecuador. These results support our thesis that SolGold may be in possession of not one but multiple world class copper discoveries in an emerging mining jurisdiction (Figure 1).
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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