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Tuesday, October 04, 2016 Derek Macpherson

RCKS Fall Mining Showcase Presenter Preview


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On Thursday October 6th, Red Cloud Klondike Strike Inc. will be hosting its 4th Annual Fall Mining Showcase. The event, that will offer attendees the opportunity to meet with a number of companies, features presentations from 20 companies and a buy-side discussion panel comprised of three of the industry’s most influential fund managers. Visit the event page for more details on the day’s schedule. In this post we provide a brief preview on the 20 presenting companies and 8 banner sponsors that will also be in attendance.

 
Companies presenting during the first morning session include:

Brixton Metals Corp. (TSXV:BBB) is a Canadian exploration company focused on advancing its gold and silver projects in British Columbia and Ontario. Brixton owns two past producing mines in the Cobalt-silver camp, the Langis and Hudson Bay mines. The Langis mine produced 10.4 million oz Ag at 778 g/t Ag and the Hudson Bay mine produced 6.4 million oz Ag at 3,826 g/t Ag. In addition, Brixton wholly owns the Thorn Project in Northwestern British Columbia. After completing a C$3.3 million dollar financing earlier this year, Brixton is actively exploring both its projects.
 
Skeena Resources Ltd. (TSXV:SKE) is a junior Canadian mining exploration company focused on developing prospective base and precious metal properties in the Golden Triangle region in Northwestern British Columbia. The company’s primary activities are the evaluation and development of the Spectrum-GJ gold-copper project as well as exploration on the recently optioned past-producing Snip gold mine, acquired from Barrick Gold, and the past-producing Porter Idaho silver mine. Recent news flow has been focused on the company’s efforts at Snip, as Skeena looks to complete the work commitment portion of its earn-in by the end of October.

IDM Mining Ltd. (TSXV:IDM) is a development stage precious metals company focused on the future production and exploration potential of its Red Mountain project located 15 km East of Stewart, British Columbia. The gold and silver project hosts a resource of 571,000 oz AuEq (2.2 million tonnes with average LOM head grade of 7.0 g/t Au and 21.5 g/t Ag). The company recently completed an updated PEA on the project suggesting average annual production of 72,800 oz AuEq per year, direct operating cost of 441 US$/oz over 5 years for initial capital of US$89 million. As well, the company is actively exploring its wider property package with the 141 zone and Lost Valley being the highest priority targets.

Monarques Gold Corp. (TSXV:MQR) is a growing junior gold company focused on becoming the leading explorer and developer of gold properties in the Val-d’Or/Abitibi gold camp in Quebec. Monarques Gold currently holds approximately 200km² of gold exploration properties along the Cadillac Break, including its main asset, the Croinor Gold mine. The company announced last month that it plans to drill 10km this fall at Croinor, which could potentially expand the existing resource as well as add satellite deposits from the Gold Bug, Trench 2 and Bug Lake targets.

Red Pine Exploration Inc. (TSXV:RPX) is a gold and base-metals focused exploration company that holds a 30% interest through a joint venture with Citabar (40%) and Augustine Ventures (30%) in the Wawa Gold Project in Ontario. Wawa has an inferred resource of 1.1 million oz Au (20 million tonnes at 1.71 g/t Au). Red Pine is the operator of the joint venture and is focused on expanding the existing gold resource on the property. On December 17, 2015, Red Pine and Augustine announced they signed a Letter of Intent to combine the respective businesses.

Ascot Resources Ltd. (TSXV:AOT) is a Canadian-based junior exploration and development company with two major properties in Northwestern British Columbia, including the Premier/Dilworth option, a gold, silver, base metals project located near the town of Stewart. The latest set of results from the expanded 2016 drill program at Premier include hole P16-1064 in the West Zone area which intersected an uncut average of 76.30 g/t Au over 1m within a broader interval grading 8.83 g/t Au over 11m. Latest results from the Northern Lights area include P16-1078 which intersected an uncut average of 52.30 g/t Au over 1.15m within a broader interval grading 3.02 g/t Au over 52.50m.

Companies presenting during the second morning session include:

Austral Gold Ltd. (ASX:AGD, TSXV:AAM) is a mining and exploration company with assets in South America. The company is currently producing ~50k AuEq annually from the Guanaco gold and silver mine located approximately 220km Southeast of Antofagasta in Northern Chile. The company also plans to develop the Amacaya project in Chile, which has the potential to double annual production. As well, following the announcement of a prefeasibility study in September, Austral officially restarted mining at Casposo in Argentina. With these three projects the company’s goal is to increase its annual production rate from the current annual 50k oz AuEq to 150k oz AuEq by the end of 2017.

Aston Bay Holdings Ltd. (TSXV:BAY) is a mineral exploration company focused on the 395,000 ha Storm property located on northwest Somerset Island, Nunavut. The wholly owned Aston Bay property includes Storm Copper, Seal Zinc and multiple high-quality targets. Historic work was previously undertaken by Teck Resources and historical drilling has confirmed the presence of sediment-hosted copper and zinc mineralization on the property. A C$40 million option agreement with BHP Billiton was closed in August 2016 for exploration at the Storm Copper project. The first drilling campaign from the option agreement was completed this past summer and results are pending.

eCobalt Solutions Inc. (TSX:ECS) is an Canadian mineral exploration and mine development company focused on the development of its 100% owned Idaho Cobalt Project, which remains the sole, advanced stage, environmentally permitted primary cobalt deposit in the U.S. The project offers a unique potential for North American battery producers to secure an ethically sourced, environmentally sound and transparent supply of battery grade cobalt chemicals.

Savary Gold Corp. (TSXV:SCA) is focused on exploring and developing the Karankasso Gold project (69.5% Savary, 30.5% Sarama) in Burkina Faso, with partner Sarama Resources Ltd. (TSXV:SWA). The project is located in the Houndé belt adjacent to Sarama’s South Houndé project, which Acacia (LSE:ACA) is earning into, and 50 km south, along strike of Endeavour’s Houndé mine development. Karankasso contains an in-pit inferred resource of 671,500 oz Au (9.16 million tonnes grading 2.28 g/t Au). All zones are open along strike and to depth with a high likelihood of additional discovery along multiple mineralized trends to 47 km long.

Unigold Inc. (TSXV:UGD) is a Canadian-based, growth-oriented, junior natural resource company focused on exploring and developing its gold projects in the Dominican Republic. Neita, Unigold's flagship project, has the potential to be a "district play" that hosts numerous mineral occurrences and deposit types. Recent work has been focused on defining higher grade zones (targets A, B and C) within the larger 962,520 oz AuEq resource (5.3 million tonnes grading 5.27 g/t Au and 0.35% Cu). Recent drill results from target C were highlighted by LP16-110 (9.7 g/t Au, 7.0 g/t Ag, 0.1% Cu and 1.6% Zn over 12.0m) and LP16-111 (5.0 g/t Au, 53.1 g/t Ag, 0.2% Cu and 1.9% Zn over 2.0m).

GoldQuest Mining Corp.(TSXV:GQC) is a Canadian based exploration company in the Tireo Belt, Dominican Republic. Its main asset is the development stage Romero deposit with a 2.5 million oz AuEq resource (30 million tonnes grading 3.72 g/t Au, 4.33 g/t Ag and 0.88% Cu). Last month, GoldQuest released the results of a prefeasibility study (PFS) on the Romero Project confirming the project's economics while simultaneously de-risking it. Based on the PFS, the project’s LOM is 7.2 years, after-tax NPV (at 5% discount) is forecasted at US$ 203 million and IRR at 28%.

Companies presenting during the feature lunch include:

Richmont Mines Inc. (TSX:RIC, NYSEMKT:RIC) is a Canadian gold producer, currently producing gold from the Island Gold Mine in Ontario and the Beaufor Mine in Quebec. The company is also advancing development of the significant high-grade resource depth extension of the Island Gold Mine. Richmont recently increased 2016 guidance for its Island mine to 75,000-80,000 oz Au and reduced cost guidance to US$610-640/oz while modestly reducing production guidance at Beaufor to 23,000-26,000 oz Au and increasing cost guidance to US$875- 1000/oz.

Wesdome Gold Mines Ltd. (TSX:WDO) is a Canadian gold producer in its 28th year of continuous production. Wesdome is currently producing gold at the Eagle River Complex located near Wawa, Ontario, from the Eagle River and Mishi gold mines. The company’s goal is to expand current operations at both mines over the next four years through mill expansion and exploration. Recent exploration success at the Kiena mine complex has increased the company’s focus on this past producing mine as it looks to define enough resources to restart operations. In addition, Wesdome has the Moss Lake gold deposit located 100 kilometres west of Thunder Bay, Ontario.
 
Companies presenting during the afternoon session include:

Excellon Resources Inc. (TSX:EXN) is the 100% owner of the silver-lead-zinc La Platosa Mine in Durango, Mexico, the country’s highest grade producing silver mine. During H1 2016, the company milled 29,173 tonnes grading 509 g/t Ag, 4.94% Pb and 6.23% Zn, producing 732,120 oz AgEq. With optimization, the company plans to double annual production from 2 million oz AgEq to 4 million oz AgEq and reduce AISC from US$19/oz to US$9/oz Ag during peak production in 2016-19.

AuRico Metals Inc. (TSX:AMI) is a unique combination of a precious metals royalty firm and a late-stage development company. AuRico has five producing royalties in stable jurisdictions and wholly owns the Kemess Gold-Copper Project in British Columbia. The size of Kemess (both resource and production) and the premium jurisdiction in which it is located is a rare find. This, in combination with the project’s long-life (12 years), +200k oz AuEq LOM average annual production and first quartile cash costs (US$718/oz AuEq AISC LOM), makes the project a high potential asset.

Integra Gold Corp. (TSXV:ICG) is a junior gold exploration company with advanced stage projects in Val d’Or, Quebec. The company's primary focus is on exploration and developing its high-grade Lamaque South Gold project, which currently hosts 2 million oz Au (10 million tonnes indicated and inferred resources at 6.78 g/t Au and 7.03 g/t Au, respectively). An active exploration program is expected to expand the current resource. In 2014, Integra acquired the fully permitted Sigma-Lamaque Mill and Mine Complex. The assets are located along the prolific Abitibi Greenstone belt. The Sigma Mill which is fully permitted for 2,200 tonnes per day and includes a permitted tailings facility. The acquisition included the historic Sigma and Lamaque Mines which operated for 75 and 52 years respectively and produced more than 9 million oz of gold in total.

Sierra Metals Inc. (TSX:SMT, BVL:SMT) is a Canadian mining company focused on production of precious and base metals from three Latin America based mines: the Yauricocha Mine in Peru, Bolivar and Cusi Mines in Mexico. In addition, Sierra Metals is exploring several precious and base metal targets in both countries. The company announced record throughput from its Yauricocha mine in August, setting a new monthly record of 2,733 tpd, which compares favourably to Q2-16 throughput of 2,463 tpd. Sierra Metals is poised for strong results going forward after starting to mine the higher grade Esperanza zone at Yauricocha in August. In addition, the company plans to pursue a U.S. listing which has the potential to increase access to the stock for U.S. investors and improve liquidity.

Victoria Gold Corp. (TSXV:VIT) is a gold exploration and development company that owns the Eagle Gold Project in Yukon. The shovel-ready project is fully permitted for construction and operations and hosts a reserve of 2.7 million oz Au. An updated feasibility study for the Eagle project was released last month which highlighted improved economics driven primarily by lower operating costs and aided by reduced pre-construction capital costs. Annual production is expected at ~200,000 oz Au with operating costs of >600 US$/oz. In light of the recent drilling success at Oliver-Shamrock, the inclusion of this zone has the potential to add higher grade ounces and extend the current ten year mine life.

Stornoway Diamond Corp. (TSX:SWY) is a growth oriented Canadian diamond exploration and development company focused on developing Quebec’s first diamond mine with its Renard Diamond Project. The project is ahead of schedule and under budget with 97% of construction complete as of June 30th, 2016. Ore processing commenced on July 14, 2016 with commercial production targeted for EOY 2016. Stornoway boasts a strong balance sheet and project finance sponsors which include Investissement Québec, Orion Mine Finance, CDPQ, Blackstone Tactical Opportunities.

Companies attending as banner sponsors include:

Northern Superior Resources Inc. (TSXV:SUP) is a junior exploration company focusing primarily on gold in the Superior Province of the Canadian Shield. The company is currently focused on its Croteau Est property in Quebec, situated within one of the province’s longest standing mining and mineral exploration camps and in close proximity to an airport, railway and hydro grid. Croteau Est hosts an inferred resource of 640,000 oz Au (11.6 million tonnes grading 1.7 g/t Au).

TriMetals Mining Inc. (TSX:TMI and TMI.B) is a growth focused mineral exploration company creating value through the exploration and development of the near surface, Gold Springs gold and silver project. The project is located along the Nevada-Utah border in the U.S. and covers approximately 7,470 ha. In August 2016, the company reported that it had intersected some very high grade material with a staggering 215 g/t Au over 1.5m and 4 g/t AuEq over 6.1m in the Thor Vein System within the Gold Springs Project.

Lupaka Gold Corp. (TSXV:LPK, FRA:LQP) is a gold developer with three projects in Peru. The polymetallic Invicta Gold project is in the permitting process with hopes to move towards its production goal in 2016. The wholly owned Crucero Gold project has a resource of 2.3 million oz Au (62 million tonnes at 1.1 g/t Au). The Josnitoro gold project has two mineralization types, Cu-Au skarn and gold dissemination within quartzite and sandstones, highlighted by drill results of 4.02 g/t Au over 12m and 4.88 g/t Au over 6m.

Radisson Mining Resources Inc. (TSXV:RDS) is a Canadian exploration stage company which is focused on exploring and developing its wholly owned O’Brien project located 57 km from Val d’Or, Quebec. The past producing O’Brien Mine was the highest grade producing mine along the Cadillac fault with historic production of 587,121 oz at 15.25 g/t Au. Radisson has already defined 308,000 oz of Au at 6.4 g/t (all categories) and in recent drill campaigns, the company hit significant gold mineralization in the sediments (Pontiac group), which is unusual as the past production and current resource are hosted in the volcanics (Piché group). Recent drill results have been highlighted by 23.79 g/t over 0.5m, 41.14 g/t over 0.75m, 15.9 g/t over 6.7m and 10.94 g/t over 0.6m.

Comstock Metals Ltd. (TSXV:CSL) is a Canadian-focused mineral exploration company with two wholly owned resource-stage gold projects. The 16,335 ha QV Property is located in the White Gold district of the Yukon and the Preview SW gold project is located 40 km north of La Ronge in Northern Saskatchewan. The Preview SW project hosts an indicated resource of 158,300 oz Au (2.6 million tonnes grading 1.89 g/t Au) and an inferred resource of 270,800 oz Au (5.70 million tonnes grading 1.48 g/t Au).

Redstar Gold Corp. (TSXV:RGC) is a junior exploration company focused on high-grade gold exploration in North America. The company is currently exploring the 100% controlled high-grade Unga Gold Project in Alaska. Redstar also owns 30% of the Newman Todd Gold Project in Red Lake, Ontario. Recently, Redstar sold its Nevada portfolio and exploration database to NV Gold Corp. (TSXV:NVX) in return for two board seats and 29.9% of NV Gold Corp.

Teras Resources Inc. (TSXV:TRA) is focused on developing its California based gold-silver Cahuilla project. The project currently hosts an indicated resource of 1.0 million oz Au and 11.9 million oz Ag (70 million tonnes at an average grade of 0.47 g/t Au and 5.3 g/t Ag) and an inferred resource of 128,000 oz AuEq (10 million tonnes grading 0.34 g/t Au and 3.11 g/t Ag).

Tashota Resources Inc. (private) is a Canadian focused junior exploration company with interest in three prospective claims in Ontario and Quebec. In Ontario, Tashota acquired >7,300 ha (100% optioned) of prospective claims in the Hemlo gold camp, situated ~1 km from the 23 million oz Au Williams Mine. Also in Ontario, Tashota controls the 6,500 ha Larose/Echo Ridge property which is a promising exploration play with a history of high grade sampling and trenching results. In Quebec, Tashota holds 50% interest in a 7,500 ha property in the Opinaca district.

Derek Macpherson | VP Mining Analysis
Sunneva Bernhardsdottir | Associate, Mining Analysis
Victoria Ellis Hayes | Associate
 
Red Cloud Klondike Strike Inc.
79 Wellington St. W. Suite 1630, PO Box 148,
Toronto ON., M5K 1H1
RCKSTalk@RedCloudKS.com
www.redcloudks.com/rcks-talk

Disclaimer
Red Cloud Klondike Strike Inc. is registered as an Exempt Market Dealer in British Columbia, Alberta, Saskatchewan, Manitoba, Ontario, Quebec, New Brunswick, Nova Scotia, Prince Edward Island, Newfoundland & Labrador, and the Yukon. Part of Red Cloud Klondike Strike Inc.'s business is to connect mining companies with suitable investors that qualify under available regulatory exemptions (the "Red Cloud KS Business"). Red Cloud Klondike Strike Inc., its affiliates and associates, and their respective officers, directors, representatives, researchers and members of their families (collectively, "Red Cloud KS") may hold positions in the companies mentioned in this publication and may buy or sell, or buy and sell their securities or securities of the same class on the market or otherwise. Additionally, Red Cloud KS may have provided in the past, and may provide in the future, certain advisory or corporate finance services and receive financial and other incentives from issuers as consideration for the provision of such services.
Red Cloud KS has prepared this publication for general information purposes only, NOT as part of the Red Cloud KS Business. This document should not be considered a solicitation to purchase or sell securities or a recommendation to buy or sell securities. The information provided by Red Cloud KS for the purposes of this publication has been derived from sources believed to be accurate, but cannot be guaranteed. Opinions or analysis contained in this publication may be subject to change and Red Cloud KS does not undertake to advise the reader of such changes. This publication does NOT take into account the particular investment objectives, financial situations, or needs of individual recipients and other issues (e.g. prohibitions to investments due to law, jurisdiction issues, etc.) which may exist for certain persons. Recipients should rely on their own investigations and take their own professional advice before investment. Red Cloud KS will not treat recipients of this publication as customers or clients by virtue of having viewed this report.

Company Specific Disclosure Details

Brixton Metals Corp. - TSXV:BBB - 1,2,4
Skeena Resources Ltd. - TSXV:SKE - None
IDM Mining Ltd.  - TSX:IDM - 1,2,3,4
Monarques Gold Corp. - TSXV:MQR - 1,2,4
Red Pine Exploration Inc.  - TSXV:RPX - 2,3,4
Ascot Resources Ltd. - TSXV:AOT - None
Austral Gold Ltd. - ASX:AGD - 2
Aston Bay Holdings Ltd. - TSXV:BAY - 2,3,4,6,7
eCobalt Solutions Inc. - TSX:ECS - 2
Savary Gold Corp. - TSXV:SCA - 4,6,7
Unigold Inc. - TSXV:UGD - 1,2,4
GoldQuest Mining Corp. - TSXV:GQC - 1,2,4
Richmont Mines Inc. - TSX:RIC,NYSEMKT:RIC - 1,2,4
Wesdome Gold Mines Ltd. - TSX:WDO - None
Excellon Resources Inc. - TSX:EXN - 2,3,4
AuRico Metals Inc. - TSX:AMI - 1,2
Integra Gold Corp. - TSXV:ICG - 1,2,4,7
Sierra Metals Inc. - TSX:SMT, BVL: SMT - 2
Victoria Gold Corp. - TSXV:VIT - 1,2,4
Stornoway Diamond Corp. - TSX:SWY - None
Northern Superior Resources Inc. - TSXV:SUP - 2,3
TriMetals Mining Inc. - TSX:TMI and TMI.B - None
Lupaka Gold Corp. - TSXV:LPK, FRA:LQP - 3
Radisson Mining Resources Inc. - TSXV:RDS - 1,2,3,4
Comstock Metals Ltd. - TSXV:CSL - None
Redstar Gold Corp. - TSXV:RGC - None
Teras Resources Inc. - TSXV:TRA - 2
Sarama Resources Ltd. - TSXV:SWA - 2,3,4
Acacia Mining - LSE:ACA - None
Orezone Gold Corp. - TSX:ORE - None
Augustine Ventures - CNSX:WAW  - 2,3,4
NV Gold Corp. - TSXV:NVX - None
Tashota Resources Inc. - Private - 2,4

1) A member of Red Cloud KS team has visited/viewed material operations of the issuer.
2) In the last 12 months, Red Cloud KS has been retained under a service or advisory agreement by the subject issuer.
3) In the last 12 months, Red Cloud KS has received compensation for investment banking services.
4) Red Cloud KS or a member of the Red Cloud KS team or household, has a long position in the shares and/or the options of the subject issuer.
5) Red Cloud KS or a member of the Red Cloud KS team or household, has a short position in the shares and/or the options of the subject issuer.
6) Red Cloud KS or a member of the Red Cloud KS team own more than 1% of any class of common equity of the subject issuer.
7) A member of Red Cloud KS team or a member’s household serves as a Director or Officer or Advisory Board Member of the subject issuer.






 

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