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 19, 2018 Derek Macpherson

SolGold Drilling Likely to Expand Alpala Resource; More Results Pending

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SolGold Plc. (TSX:SOLG) reported additional results from drilling at the Alpala porphyry copper-gold deposit at its Cascabel project in northern Ecuador. Results were positive suggesting resource expansion is likely at Alpala. Highlights include, 0.54% CuEq over 1100m, including 0.76% CuEq over 164m, and 0.75% CuEq over 224m (Hole 26-D3), as well as 0.80% CuEq over 824m, including 0.93% CuEq over 576m, and 1.15% CuEq over 262m (Hole 33). Addition results are pending for holes 36, 37, 39, 42 and 43, which are expected to also expand the resource. Importantly, the company noted hole 37 suggests an extension to the northwest towards the Trivinio prospect. Based on the maiden resource of 16.18 Blbs CuEq (0.3% CuEq cut-off), SolGold trades at C$0.035/lb versus peers at C$0.028/lb. Considering the exploration upside and significant scale of the Cascabel property as a whole, we view the premium as warranted and unlikely to fully account for its potential. Looking ahead, we believe the planned PEA, along with what is likely to be a steady stream of drill results should provide SolGold continued momentum in 2018, likely expanding the valuation gap to peers. read more


Thursday, February 15, 2018 Derek Macpherson

SolGold To Drill Regional Target at Cascabel

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SolGold Plc. (TSX:SOLG) provided an update regarding exploration activities at the Aguinaga Prospect within the company’s Cascabel project in northern Ecuador. The prospect is located along a prominent topographic high (1,615m), ~3km northeast of the Alpala Deposit. Recent exploration on the Cascabel property to date has been focused on Alpala, with 5 of 15 Cu-Au targets already drilled (Figure 1). 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 26, 2018 Derek Macpherson

SolGold Targets Resource Expansion at Alpala

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SolGold Plc. (TSX:SOLG) provided an update regarding exploration activities at its Cascabel project in northern Ecuador, the first since announcing the maiden resource for Alpala earlier this month. The company is focused on high grade expansion, operating 12 rigs and planning 120,000m of drilling for 2018 to build on the maiden resource. Initial results from Hole 33 returned 0.80% CuEq over 824m, 0.93% CuEq over 576m and 1.32% CuEq over 206m with progress being made on holes; 29-D4, 32-D3, 33-D1, 34-D1, 36, 37, 38-D1, 39, 40, 41, 42 and 43 (Figure 1). Hole 36 is expected to extend the resource down dip and to the northeast while assay results are pending for the balance. In March, 3 drill holes are planned to test the Aguinaga target. A “Rig to Resource” data transfer method is going to be used to efficiently record exploration activity, to interpret data in a timely manner and provide regular resource updates. In addition, cost control has been effective in reducing costs to US$530/m (from US$1,100/m). Based on the maiden resource of 16.18 Blbs CuEq (0.3% CuEq cut-off), SolGold trades at C$0.036/lb versus peers at C$0.025/lb. Considering, the exploration upside and significant scale of this project we view the premium as warranted, and unlikely to fully account for this potential. Looking ahead, we believe the planned PEA, along with what is likely to be a steady stream of drill results should provide SolGold continued momentum in 2018, likely expanding the valuation gap to peers. read more


Wednesday, January 24, 2018 Derek Macpherson

More Results from SolGold’s Timbara Highlight Potential

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SolGold Plc. (TSX:SOLG) reported high-grade copper samples and provided an exploration update on its Timbara project in Southern Ecuador. Results highlight the exploration potential that SolGold has beyond the Alpala deposit. As a result, the company has increased early stage exploration work at its other projects, including Timbara. With 126km of drilling planned for Alpala in 2018, along with an active grassroots exploration program across multiple properties, we believe the current premium to other copper exploration/development peers has the potential to expand. read more


Friday, January 05, 2018 Derek Macpherson

Alpala Maiden Resource Just the Start; Recent Site Visit Suggests Significant Exploration Upside Remains

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SolGold Plc. (TSX:SOLG) announced a maiden resource for the Alpala deposit at its 85% owned Cascabel project in northern Ecuador. At a 0.3% CuEq cut-off, 1.08 billion tonnes at 0.68% CuEq (Figure 1) have been defined, but this includes a high-grade core of 120 million tonnes at 1.8% CuEq. Based on existing block cave operations, the tonnage and grade of the high-grade core are likely to be supportive of an economic operation. Moreover, our recent site visit highlighted the exploration potential within the Alpala Complex and on the wider Cascabel property beyond. Consequently, we believe this maiden resource is a good first step, but that there is likely more to come. read more


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