Explorer

Cypress Development Closing In On A World Class Sized Resource For Its Dean/Glory Lithium Project

Drilling at Dean claystone project; Clayton Valley, Nevada

After completing their drill program, Cypress Development (TSXV: CYP; OTC: CYDVF; FRA: C1Z1) is on track to deliver the maiden resource estimate for the Dean and Glory projects before the end of this month. The latest results, published on April 3, 2018, provided very strong showings for the northern part of the Glory project, likely adding more tonnage than expected here.  Intercepts included an intersection of 97 meters averaging 1,144 ppm Li in the final hole, GCH-6, along with intersections of 122.4 meters averaging 977 ppm Li in DCH-17 and 129.5 meters averaging 767 ppm Li in GCH-5. All three holes show consistency in encountered Li grade with the  previous 20 holes drilled on the Dean and Glory properties.

Below is a map of the drill collar locations for both Dean and Glory:

Drilling At Zone 3 Returns 5m @ 20% Zinc; Tinka Resources Also Looking For The Source Of Ayawilca

Ayawilca project; drilling location

1. Introduction

Slowly but surely and piece by piece, Tinka Resources (TK.V, TKRFF.US) is unraveling the complex puzzle which is the Ayawilca mineralization. As they hit more mineralization at Zone 3, for example best intercept 5m @20%Zn in hole A18-111, and polymetallic mineralization in adjacent hole A18-109, drilled from the same rig location, management seems more and more convinced that the source of all mineralization might be located below or east of Zone 3. This will have implications for the drill strategy to follow, and each new drill result will help determining the geological concept. The latest drill results, coming from various locations at Ayawilca, and possible consequences for tonnage will be discussed, as well as the geological concept.

All presented tables are my own material, unless stated otherwise.

Genesis Metals Continues To Prove Up Chevrier Mineralization; Further Drilling About To Start

Chevrier Gold project; core shack Main Zone

After having completed a 10,150m 58 hole drill program on the Main Zone, plus 25 new trenches and re-sampling of 11 historic cores, it seems that Genesis Metals is well on its way to get more insight in the complex geology of Chevrier, therefore an update is warranted. Follow up drilling on a new Main Zone extension is about to commence in this spring, and a maiden resource estimate is scheduled for Q3, 2018. On top of that, the company is contemplating drilling other geological targets as well, as the property has abundant exploration potential.

All presented tables are my own material, unless stated otherwise.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

2. Background summary

Cypress Development Keeps Hitting Mineralization At Dean/Glory; Maiden Resource Estimate Expected To Be Significant

Dean claystone project; drilling Oct 2017

Cypress Development (CYP.V) seems to have a relatively easy job so far, as all completed drill holes returned thick mineralized intercepts, both on the Dean and Glory projects. Results for the Dean project consisted of two remaining assays: 106.7m @1134ppm Li for DCH-13, which is one of the best holes so far, and 75.7m @733ppm Li for DCH-14. The first hole also generated dark green to black ash-rich mudstone, starting at around 50m depth, just like a few other, earlier holes did in the 2017 program on Dean. On DCH-13, the lithium grade increased at depth.

Cypress Development: Positive Drill Results Confirm Large Scale Potential For Dean Lithium Project

Dean claystone project; Clayton Valley, Nevada

Things seem to go as planned for Cypress Development (CYP.V), as the first three holes drilled on the Dean project returned very solid intercepts, as part of the Stage 2 fall program. Results ranged from 102.7m @1029ppm Li for hole DCH-11 to 62.8m @677ppm Li for DCH-12. This last hole generated dark green to black ash-rich mudstone at a depth of 53.4m. Management hasn't seen this before, and assumes that this type of claystone doesn't differ a lot recovery-wise, and just has a different color, but has to sample and test this first of course to be sure. This is a table of the last results:

Tinka Resources: Ayawilca Resource Update Confirms Expectations; Upcoming PEA Could Surprise Markets

Ayawilca project; drilling location

1. Introduction

It is a busy and exciting time for top zinc junior Tinka Resources. Drill results are rolling in all year now, Tinka is the talk of the town at many conferences, the team got a much deserved accolade by receiving the Mining Journal "Explorer of the year 2017" award, and the company got listed on the Peruvian stock exchange (Lima Stock Exchange or BVL). I liked this move, as it made the company less dependent on for example Canadian brokers/banks to raise money in the future.

Future Upside Provides Excellent Entry Point For Fiore Gold

Pan Mine, Nevada

After a lengthy trading halt since June 12, Fiore Gold (F.V) started trading on October 2, having completed the business combination with GRP Minerals. This took quite a bit of time, as it was a fairly complex venture for both companies, with a lot of paperwork.  I view this deal as an accretive one, as a lot of tangible value through much more advanced assets was added, up to an estimated Net Asset Value of about C$120M in my view, and a lot of realistic growth potential. Apparently, not everybody had the same long term view for Fiore Gold as is needed in this case, the company now morphing into a long term growth production story instead of an exploration story, and a sell-off started immediately after opening of the markets:

Genesis Metals: Chevrier Phase I Drilling Completed, Phase 2 Program Commencing

Chevrier Gold project; IP anomaly

In between exploration success stories (for example GT Gold) or possible myths in the making (Novo Resources) taking center stage, Genesis Metals quietly completed the Phase I drill program, consisting of 4,900m of diamond drilling. Results were announced on October 3rd of 9 drill holes, and channel sampling. Management received two separate batches of results of the Phase I drill program, reporting 8 out of 9 holes testing greenfield IP anomalies in 2 target areas in (see image above in red) now in the first batch, and the remaining 13 drill holes focused on the Main Zone will come out in the second batch in about 3 weeks.

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