Alaska

Kenorland Minerals Completes First Drill Program At Regnault, Exploration At Tanacross, Chebistuan And Healy Underway, Sells Fox Property

Drilling at Regnault target, Frotet project, Quebec

After the nice batch of results released at the end of May, beautifully complementing the first sets of strong intercepts, Kenorland Minerals (KLD.V)(3WQO.FSE) was hoping to find more of the same when targeting the more southern parts of the discovered Regnault structure, potentially growing this into a district scale discovery. The final drill results from the 8,591m diamond drill program, being the remaining 15 holes (5,104m) were not of this high standard unfortunately, but for a greenfield exploration venture this project has already been a resounding success, with most holes hitting mineralization. The share price reacted substantially to the May results, which included the impressive 5.72m @ 90.56 g/t Au (incl. 3.89m at 132.57 g/t Au) intercept, as can be seen here:

Hybrid Prospect Generator Kenorland Minerals: Talented Management, Cashed Up And Has Commenced Follow Up Drilling At Promising Regnault Gold Project

Drilling at Frotet project, Quebec

1. Introduction

Kenorland Minerals was mentioned to me at the end of 2019 by mining legend Rick Rule, departing CEO of Sprott US Holdings, and more specific he extensively expressed his admiration for the young CEO of Kenorland, Zach Flood. According to Rule, who recently announced his retirement, Flood is a top category prodigy, who is probably destined to go places. Such an endorsement is pretty rare, so I kept this in the back of my head, as Kenorland wasn’t trading at the time. I had to wait until after the RTO in January of this year. After a few weeks of trading the share price started to come down, also caused by headwinds for gold as interest rates for bonds were steadily rising:

Kees Dekker Versus Trilogy Metals: An Analysis

Arctic project; exploration

1. Introduction

This time Kees analyzed Trilogy Metals, which sports one of the highest grade copper projects worldwide (Arctic). I found Kees' report interesting enough to obtain company feedback, and after a lengthy process of 6 weeks here is the end product for your convenience. Kees found several reasons to increase opex meaningfully compared to the PFS, so as a consequence the post-tax NPV8 came down significantly (from US$1412.7M to US$803.8M @US$3.00/lb Cu), and I estimated the adjusted IRR at 23% (from 33.4%), which are still strong numbers. At a current market cap of US$226M one could argue that Trilogy is undervalued, as Bornite hasn't been taken into consideration yet.

A Critical Q&A with Gianni Kovacevic, CEO of CopperBank Resources

 

There is no way getting around one particular person when you attend most large resource investment conferences the last few years, and that is Gianni Kovacevic. As an entrepreneur, speaker, author, mining executive traveling all over the world, he must be one of the busiest and best connected persons I know, but he is also one of the most friendly and enthusiastic characters you can possibly meet in this industry.

Gianni Kovacevic (far right) with Ross Beaty (Source CEO.CA)

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