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


Monday, February 26, 2018 Derek Macpherson

Northern Empire Hits Big at Daisy

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Northern Empire Resources Corp. (TSXV:NM) reported results from the first of 10 holes drilled at the Daisy deposit on the company’s Sterling Gold Project. Results from Hole D18-003C returned 1.41 g/t Au over 123.93m including high grade core of 3.09 g/t Au over 38.25m. The drill program at Daisy will be a combination of exploration, resource expansion and infill drilling, a part of a larger 15,000m drill program. Drilling is underway at the SNA and Secret Pass deposits, in addition to mapping of extensions and new targets on the project. The company is planning to mobilize more drills shortly. Following the recent performance of the company’s share price, Northern Empire now trades at a premium to peers on a EV/oz basis (C$94/oz, peers C$69/oz). We believe the market is starting to reflect the value of Sterling and the potential of the company’s Crown project to the north. Notably, recent drilling success by Northern Empire and from Corvus Gold’s (TSX:KOR) Mother Lode project (surrounded by Northern Empire ground) suggests there is additional room to the upside. read more


Tuesday, February 20, 2018 Derek Macpherson

Northern Empire Appears to Expand Sterling

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Northern Empire Resources Corp. (TSXV:NM) intersected 6.07 g/t Au over 7.92m (STR17-039C) and 2.44 g/t Au over 3.90m (STR17-049C – partial results) outside the current resource model. This suggests to us that resources at the permitted Sterling mine are likely to grow beyond the current 269koz Au (2.31Mt grading 3.63 g/t Au). Recent results continue to support the company’s resource model at the Sterling mine, which is considered to be relatively narrow, high grade and possess excellent metallurgy. In addition, the company has staked ground on the southwestern flank of the Bare Mountains, along the Gold Ace-Daisy structure, which hosts its Daisy deposit. Following, recent outperformance of the companies share price, Northern Empire now trades at a premium to peers on a EV/oz basis (C$102/oz, peers C$73/oz). We believe the market is starting to reflect, the value of Sterling and the potential of the company’s Crown project to the north, but recent drilling success by Corvus Gold (TSX:KOR) at its Mother Lode project (surrounded by Northern Empire ground) suggests there is additional room to the upside. read more


Wednesday, January 17, 2018 Derek Macpherson

RCKS Charts: G, K, RNX, GQC, MQR, NM & SKE

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In this edition of RCKS Charts, Keith has evaluated Goldcorp Inc. (TSX:G), Kinross Gold Corp. (TSX:K), RNC Minerals (TSX:RNX), GoldQuest Mining Corp. (TSXV:GQC), Monarques Gold Corp. (TSXV:MQR), Northern Empire Resources Corp. (TSXV:NM) and Skeena Resources Ltd. (TSXV:SKE).  read more


Monday, December 04, 2017 Derek Macpherson

NM Reports More Drilling Success at Sterling

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Northern Empire Resources Corp. (TSXV:NM) has announced the results from seven drill holes from the Sterling mine, Nevada. The company highlighted intersections of 10.00m grading 14.59 g/t Au (STR17-041C), 9.05m grading 8.66 g/t Au (STR17-010C) and 7.59m grading 8.25 g/t Au (STR17-013C). Many of these drill holes intersected high-grade oxide mineralization on the edges of the company’s resource model indicating that the deposit is open in several directions. The Sterling mine currently hosts inferred resources of 9.9 Mt grading 2.23 g/t Au as at March 29, 2017. The results of these 7 drill holes support the company’s resource model of the Sterling property, which is considered to be relatively narrow, high grade and possess excellent metallurgy. At C$54/oz, Northern Empire trades closely to peers at C$62/oz; however, our view is at the current EV of ~C$38.4 million, the market is ascribing value to either the exploration potential of the company’s Crown project or to the permitted Sterling mine, but not both.  read more


Thursday, November 02, 2017 Derek Macpherson

NM Releases Near-Mine Drill Results from Sterling

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Northern Empire Resources Corp. (TSXV:NM) has announced the results from the first 24 drill holes from the Sterling Mine, Nevada. The company hit various broader zones of mineralization including 12.2m of 8.37 g/t Au at a depth of 53m. The Sterling Gold Mine is located within the company’s 116 square kilometre Sterling Gold Property in Nye county Nevada, which currently hosts inferred resources of 9.9 Mt grading 2.23 g/t Au as at March 29, 2017. The results of these first 24 drill holes support the company’s resource model of the Sterling property, which is considered to be relatively narrow, high grade and possess excellent metallurgy. At C$57/oz, Northern Empire trades closely to peers at C$58/oz; however, our view is at the current EV of ~C$39 million, the market is ascribing value to either the exploration potential of the company’s Crown project or to the permitted Sterling mine, but not both.  read more


Monday, October 23, 2017 Derek Macpherson

NM Expands Sterling Property

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Northern Empire Resources Corp. (TSXV:NM) has announced the expansion of the Sterling property in Nye County, Nevada by acquiring 261 claims to bring the total land package to 116 square kilometres. The company has now become a dominant landholder in the Bare Mountains district, which includes the past producing Sterling, 144, Daisy, Secret Pass and Mother Lode deposits. The Sterling mine is currently permitted to restart operations and the property hosts total inferred resources of 709,000 oz with an average grade of 2.23 g/t Au. The company’s hyperspectral data identified areas of alteration on the property that will be assessed by their geological team in the coming weeks. At C$56/oz, Northern Empire trades closely to peers at C$60/oz; however, our view is at the current EV of ~C$39 million, the market is ascribing value to either the exploration potential of the company’s Crown project or to the permitted Sterling mine, but not both.  read more


Monday, October 23, 2017 Derek Macpherson

RCKS 5th Annual Fall Mining Showcase Presenter Preview

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On Thursday October 26, 2017, Red Cloud Klondike Strike Inc. will be hosting its 5th Annual Fall Mining Showcase. The event features presentations from 18 companies, including a themed breakfast and lunch presentation from industry leaders. For more details, please visit our event page. In this post, we provide a brief preview on the 18 presenting companies and 19 banner participants that will be in attendance.  read more


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