RCKS Talk

Tuesday, February 27, 2018 Derek Macpherson

RCKS 6th Annual Pre-PDAC Mining Showcase Presenter Preview

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On Friday, March 2, 2018, Red Cloud Klondike Strike Inc. will be hosting its 6th Annual Pre-PDAC Mining Showcase. The event features presentations from 30 companies, including a breakfast panel focused on new technology in mining and a keynote lunch presentation from Osisko Mining Inc. (TSX:OSK), SolGold Plc. (TSX:SOLG) and Ascot Resources Ltd. (TSXV:AOT). For more details, please visit our events page. In this post, we provide a brief preview on the 30 presenting companies and a list of banner participants that will be in attendance.  read more


Thursday, February 22, 2018 Derek Macpherson

ADZN Monetizes Non-Core Newfoundland Zinc Projects

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Adventus Zinc Corp. (TSXV:ADZN) has announced an agreement to monetize its non-core Newfoundland Zinc projects, generating value from these earlier stage projects. Adventus, Canstar Resources Ltd. (TSXV:ROX) and Altius Minerals Ltd. (TSX:ALS) have announced that they have entered an agreement whereby Canstar will acquire the Newfoundland base metal exploration assets of Adventus and the Daniel's Harbour Zinc Project from Altius in exchange for the issuance of common shares of Canstar to Adventus and Altius, a funding commitment from Altius of $500,000 as part of a $750,000 private placement. Canstar’s objective is to consolidate the majority of the Buchans Camp and add three high-quality Newfoundland zinc projects to its portfolio. This transaction enables Adventus to monetize 100% of its interest in its land package located in the Buchans camp, which may allow the company to focus on its El Domo project while maintaining an equity interest in Canstar. Adventus is currently well-funded, after closing a C$10 million financing in December 2017. Assuming the completion of this proposed transaction, Adventus trades at C$0.012/lb ZnEq (C$0.014/lb ZnEq if not completed), a discount to peers at C$0.016/lb ZnEq. Upcoming drilling should be an important catalyst for the company. read more


Friday, February 02, 2018 Derek Macpherson

ADZN Updates El Domo Resource

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Adventus Zinc Corp. (TSXV:ADZN) reported an updated mineral resource estimate for the El Domo VMS deposit, at its Curipamba project (75%) in Ecuador. Positively, the additional drilling completed since the last resource update (9,765m - 33 holes) allowed the conversion of inferred tonnes into the higher confidence indicated category, this resulted in a 45% increase in Indicated tonnes and a 32% decrease in inferred tonnes. We note that the overall tonnage increased by 14%, however, the overall ZnEq grade declined by about 21%, this is partially driven by a lower NSR cut-off grade and the use of higher metals prices. As well, the new resource model is structurally based and allows for a reduced area of influence for individual drill holes, resulting in a more conservative grade estimate. As part of the US$7M drilling budget planned (2 rigs, 18,000m) for Curipamba in 2018, some infill drilling is planned, which has the potential to improve grades over this updated resource. The company is well-funded, after closing a C$10 million financing in December 2017. Adventus continues to trade at C$0.012/lb ZnEq, a discount to peers at C$0.017/lb ZnEq. Upcoming drilling should be an important catalyst for the company. read more


Wednesday, January 31, 2018 Derek Macpherson

RCKS Drilling Deeper Lunch; A Focus on Ecuador

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Yesterday, Red Cloud Klondike Strike Inc. (RCKS) hosted another installment of our Drilling Deeper Lunch series, this time featuring four companies focused in exploration and development in Ecuador. Since the implementation of the Ministry of Mining in Ecuador in 2015, the Ecuadorian government has embraced mining as a key source of foreign investment, emphasized by cost advantages, infrastructure and an engaged workforce. Efforts have been recognized by the increase in the number of companies exploring in Ecuador, with two projects under construction. Ron Hochstein, President & CEO of Lundin Gold Inc. (TSX:LUG), highlighted the country’s recent commitment to mining, discussing the company’s experience developing Fruta del Norte. Presentations followed from explorers in Ecuador; Adventus Zinc Corp. (TSXV:ADZN), Aurania Resources Ltd. (TSXV:ARU), Solgold Plc. (TSX:SOLG). read more


Friday, January 12, 2018 Derek Macpherson

ADZN Begins 2018 Exploration at Curipamba

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Adventus Zinc Corp. (TSXV:ADZN) has initiated an extensive 2018 surface exploration program targeting new VMS discoveries at its Curipamba project in Ecuador, a 75% earn-in option with Salazar Resources Ltd. (TSXV:SRL). The program will begin with reviewing historical data near the Sesmo target, located 1,100m north of the El Domo VMS deposit (resource), followed by prospecting, soil sampling and a 22km IP geophysical survey with drilling to begin in February 2018. Following exploration at Sesmo, the company is planning to explore other regional targets at Curipamba, some of which include Cade, Cade 1, Cade Sur, Roble, Roble 1, Roble Este, El Gallo, Sesmo Sur, Agua Santa, and La Vaquera (Figure 1). The company is expecting to release an updated resource for El Domo in Q1 2018, which will include 9,765m (33 holes) of drilling completed by Salazar. The company is well-funded, after closing a C$10 million financing in December 2017. Adventus currently trades at C$0.013/lb ZnEq, a discount to peers at C$0.026/lb ZnEq. Upcoming drilling should be an important catalyst for the company. read more


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