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Tuesday, November 21, 2017 Derek Macpherson

First Cobalt Reports 9.4% Co Sample

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First Cobalt Corp. (TSXV:FCC) has announced the sampling for multiple high grade cobalt outcrops and muckpiles from the historic small high-grade Caswell mine in the Cobalt Camp. The company reported sampled cobalt grades at surface and shallow depths of 9.4%, 4.8%, 6.1% and 1.1%. The company continues to sample rock from other historic mines in the camp with several assays currently pending. In addition to grab sampling, the company will be assessing near surface high grade cobalt mineralization through shallow drilling, bore-hole geophysical surveys and ground geophysics covering larger areas in the camp. The sampling at Caswell indicates that small high-grade targets need to be targeted in addition to the current focus on bulk tonnage opportunities at the historic Bellellen, Drummond, Keeley and Frontier mines. We would also highlight that the company has recently merged with Cobalt One Ltd., which has enabled First Cobalt to trade on the ASX and given the combined company 100% ownership of a permitted cobalt refinery. Besides pending drill results (53 holes pending assay), important upcoming catalysts are likely to include planned metallurgical test results and the completion of the planned merger with CobaltTech Mining Inc. (TSXV:CSK).  read more


Monday, November 20, 2017 Derek Macpherson

Otis’ Initial 2017 Drill Results Look Good

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Otis Gold Corp. (TSXV:OOO) has reported assay results from five holes at its Kilgore Project in Clark County, Idaho. The assays are the most recent results from the company’s 25 hole, 8,000m drill program with the remaining holes nearly completed and further assays pending. The company highlighted a bulk-tonnage intercept of 110.6m grading 0.90 g/t Au in hole 17 OKC-362, 65.5m grading 1.21 g/t Au in hole 17 OKC-362 and 62.5m grading 1.11 g/t Au in hole 17-OKC 364. The objective of the drilling campaign is to follow-up on drilling in 2015 and 2016, which previously defined numerous intervals of significant thickness and grade in the Aspen zone that were open at depth. Testing for the extensions of the Aspen mineralization at depth, in addition to other extensions of the deposit, was the main objective behind 2017 drilling. At C$37/oz, Otis currently trades at a slight discount to peers (C$56/oz). We believe this valuation does not fully account for the potential resource growth at Kilgore. We expect ongoing drill results and pending resource update (Q4 2017) for Kilgore to be important catalysts for the company.  read more


Monday, November 20, 2017 Derek Macpherson

RCKS Charts: BTR & PGE

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In this edition of RCKS Charts, Keith has evaluated Bonterra Resources Inc. (TSXV:BTR) and Group Ten Metals Inc. (TSXV:PGE).  read more


Monday, November 20, 2017 Derek Macpherson

FCC to Begin Trading on ASX; Cobalt One Merger Approved

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First Cobalt Corp. (TSXV:FCC) announced the Cobalt One merger has been approved and the company is expected to begin trading on the ASX November 22, 2017 under the ticker FCC, subject to regulatory approval. Upon closing of the transaction, Cobalt One shares will be halted on November 21, 2017. First Cobalt will gain a dual-listing and own the only refinery in the Cobalt Camp, providing liquidity for the stock and the opportunity to accelerate production. We continue to believe the company’s unique attributes, including its land position and infrastructure are likely to see First Cobalt trade at a premium to other cobalt exploration peers, pro-forma. Besides pending drill results, important upcoming catalysts are likely to include planned metallurgical test results and the completion of the planned mergers with Cobalt One and CobalTech Mining Inc. (TSXV:CSK).  read more


Friday, November 17, 2017 Derek Macpherson

RCKS Charts: ECC, TK & GSC

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In this edition of RCKS Charts, Keith has evaluated Ethos Gold Corp. (TSXV:ECC), Tinka Resources Ltd. (TSXV:TK) and Golden Star Resources Ltd. (TSX:GSC).  read more


Friday, November 17, 2017 Derek Macpherson

GQC Granted Exploration Licenses

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GoldQuest Mining Corp. (TSXV:GQC) announced it has been granted two new exploration licenses, Tocon de Pino and Hoyo Prieto, from the Ministry of Mines and Energy of the Dominican Republic. The exploration licenses are located in the centre of the Dominican Republic, noting Tocon de Pino is 4km east of the company’s Cachimbo discovery. However, the decision regarding the exploitation license for Romero is still pending. GoldQuest currently trades at a slight discount to peers at $17/oz (peers $27/oz). We continue to believe that the current valuation does not reflect the exploration potential of GoldQuest’s wider land package, as demonstrated by the Cachimbo discovery. We expect continued exploration drilling, along with permitting updates at Romero to be important catalysts for the stock.  read more


Thursday, November 16, 2017 Derek Macpherson

NVO Advances Comet Well Permitting

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Novo Resources Corp. (TSXV:NVO) and Ngarluma Aboriginal Corporation (NAC) have signed a binding terms sheet to advance the heritage agreement and heritage clearance processes with respect to Comet Well and surrounding tenements. Novo will issue 100,000 shares to NAC, upon completion of the heritage agreements and regulatory approvals. Subsequently, the company can move onto the grant stage, finalizing its joint ownerships in the tenements and begin the approval process for work programs. At Novo’s current share price, the market is pricing in a sizeable resource at Novo’s Karratha project, which based on the data to date, we view as very possible. However, additional data, including additional diamond drilling to determine conglomerate thickness (ongoing) and assay results from the ongoing bulk samples and planned large diameter drilling (early 2018), is needed to fully understand this projects potential. read more


Thursday, November 16, 2017 Derek Macpherson

ORM Reports High-Grade Au-Cu Intersections

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Orford Mining Corp (TSXV:ORM) has announced the results from base metal assays from the summer 2017 exploration program at its Qiqavik project in Quebec. The company highlighted 2.37 g/t Au and 2.19% Cu over 7.0m in hole QK-17-022 and 1.58 g/t Au and 1.28% Cu over 7.1m in hole QK-17-021. The results indicate that there is high-grade copper associated with the gold mineralization identified in previously released drilling at the Esperance West Zone. These results support our view that there is significant exploration potential at Orford’s Qiqavik project. As well, the company is finalizing plans for its first exploration program on its Carolina properties (expected to start early 2018). Orford, recently started trading under the ticker “ORM”, we believe that its current value, the stock does not properly reflect the potential of the company’s projects.  read more


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