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In this edition of RCKS Charts, Keith has evaluated Bunker Hill Mining Corp. (CSE:BNKR), Otis Gold Corp. (TSXV:OOO), Aston Bay Holdings Ltd. (TSXV:BAY), Novo Resources Corp. (TSXV:NVO) and Mawson Resources Ltd. (TSX:MAW). More names are recovering from the recent market pressure. That pressure may not be completely resolved yet, but positive signs are surfacing offering leadership to the many names on our ‘watch list.’ Below are three names showing positive signs of recovery and updates on two previously highlighted names which continue to act well. read more
Mawson Resources Ltd. (TSX:MAW) reported initial results from its 2018 winter drill program at its Rajapalot Project in northern Finland, highlighted by 8.4 g/t Au over 31.7m including 21 g/t Au over 10.9m (PAL0093), the best hole drilled to date by grade X thickness. Four targets were the focus of drilling; Raja, Palokas, South Palokas and Terry’s Hammer, with intentions to expand known areas. The Raja prospect has been traced to 300m from surface which remains open laterally and down plunge. At South Palokas, drilling discovered for the first time, lower grade mineralization in the structural footwall however additional drilling is needed to better understand the extension of mineralization. In total, 4,896m of drilling (21 holes) have been completed, with results for the remaining 16 holes pending. There are currently 3 drills rigs in operation, with plans to add more over the following weeks. Results from ongoing drilling are expected to be an upcoming catalyst for the company, as it looks to build a maiden resource. read more
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
In this edition of RCKS Charts, Keith has evaluated Novo Resources Corp. (TSXV:NVO), GT Gold Corp. (TSXV:GTT), Mawson Resources Ltd. (TSX:MAW) and Monarques Gold Corp. (TSXV:MQR). read more
Mawson Resources Ltd. (TSX:MAW) has received a C$8.1 million strategic investment from Goldcorp Inc. (TSX:G), by way of a private placement, subscribing to 18,000,000 units at a price of C$0.45 per unit. Each unit consists of one common share and one half of one common share purchase warrant, totaling 9,000,000 warrants, exercisable at a price of C$0.65 for a 2-year period upon close. Subsequent to the financing, Goldcorp will own 12.7% of Mawson on a non-diluted basis or 17.9% on a partially diluted basis, assuming full exercise of the warrants, and will obtain rights to maintain ownership and participate in future financings. Proceeds from the financing will be used for exploration in Finland, the company recently began a 15,000m drill program at its Rompas-Rajapalot project. Results from ongoing drilling are expected to be an upcoming catalyst for the company, as it looks to build a maiden resource. read more
Mawson Resources Ltd. (TSX:MAW) reported results from exploration activities including outcrop, mini-drill and diamond saw channel sampling on the East Rompas target (Figure 1), at its Rompas-Rajapalot project in Finland. 78 samples were collected over a 700m trend (within a mineralized trend of 1.2km in strike), highlights include, 283.0 g/t Au in a 0.2m channel sample, 42.2 g/t Au in a 0.7m channel sample and 45.4 g/t Au in a mini-drill grab sample. East Rompas is currently the focus of 2,000m of drilling (15,000m drill program), 580m of which are complete, the remaining is expected to be completed at the end of the month. Results from ongoing drilling are expected to be an upcoming catalyst for the company, as it looks to build a maiden resource. read more
Mawson Resources Ltd. (TSX:MAW) has started a 15,000m winter diamond drill program at its Rompas-Rajapalot gold project in Finland, which will run from December 2017 to April 2018. The program is designed to extend known mineralization (near Palokas, Palokas South, South Rajapalot and Raja) to build a maiden resource as well as to test new exploration targets, specifically East Rompas, Hirvimaa and Rajapalot. A drill rig has been mobilized at East Rompas where the company is planning 2,000m of drilling. Once permitting is in place, more rigs are expected to be mobilized at Hirvimaa and Rajapalot in the second of half of January. The company is well-financed for exploration having recently closed a C$5.3 million financing. Results from the program will be an upcoming catalyst for the company, as it looks to build a maiden resource. read more
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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