Quick Analysis

Alianza Minerals Impresses With 1.26m @ 3,267g/t Silver Intercept At Haldane

Mount Haldane, Yukon

It has taken Alianza Minerals (ANZ.V, TARSF.US) a while, but it finally seems to have hit ultra high grade silver at their Haldane project in the Keno Hill District (Yukon), and this is exactly what management was looking for all along. A very high grade intercept drilled in January at the same target already generated 1.78m @ 818g/t silver, but this time around the company announced a spectacular 1.26m @3,267g/t silver intersection, and this is even without the zinc and lead credits. According to management, many more upcoming drill results will create lots of news flow the coming months, so it could be a prolific summer for Alianza Minerals.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Maxtech Ventures: Primed To Prove Up A Potential 1Moz Maiden Gold Resource In Ontario

 

1. Introduction

With gold stabilizing and further inflation expected with a world economy continuing to recover from COVID-19, it seems Maxtech Ventures (CSE.MVT)(OTC:MTEHF)(FRA.M1N), a junior exploration company operating in Ontario and Quebec, is in the right place at the right time. It raised C$0.94M on June 4, 2021, and recently commenced a 15,000m 3 staged drill program at their flagship St.Anthony Gold project, with the objective to prove up a historic 1.2Moz resource, and maybe even more. Management already succeeded in attracting a few large institutional names like US Global, and is followed with interest by more large parties, ready to enter when drilling delivers the right results.

Alianza Minerals Enjoys Fully Subscribed Non-Brokered C$1.2M Private Placement

Mount Haldane, Yukon

As precious metal prices, alongside almost all other metals, are performing well, Alianza Minerals (ANZ.V, TARSF.US) management received lots of interest, and was able to reel in subscriptions for their non-brokered C$1.2M private placement, announced at May 31, 2021. The placement consisted of C$0.12 flow through shares, with no warrants attached to it, which is a sign of strength and rare. Red Cloud Securities acts as a finder, and will be, together with other finders, eligible for a finders fee of 7% in cash and 7% in finders fee warrants. These warrants are exercisable into shares at C$0.12 for a period of 2 years. The proceeds of this round will be used for exploration on the flagship Haldane Silver project in Keno Hill, located in the Yukon.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Drilling By Meridian Mining At Cabaçal Returns 66.1m @ 1.1% CuEq In Extensions To Underground Workings

With copper beating all time highs recently, and gold briefly touching US$1900/oz, Meridian Mining (TSXV: MNO) seems to be in a good place, delivering their second set of assays from their Cabaçal VMS Copper-Gold Project in Brazil. Their ongoing 10,000m field program of diamond drilling recently returned assays from hole CD-005 to CD-009, and all holes contained economic mineralization. This will probably not come as a surprise for the verification holes of historic drill results, but the good news is the stepout holes into the lesser drilled areas outside the limits of mine development sometimes returned even better results. The standout hole in this case is of course CD-009, producing no less than 66.1m @ 1.1% CuEq from 86.9m depth.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Golden Arrow Resources Reports 5m @ 2.98g/t Au And 1m @ 5.52g/t Au From Trenching At Flecha De Oro Project In Argentina

After almost two months of exploration at the Esperanza property at the Flecha de Oro project in Argentina, results are starting to come in for Golden Arrow Resources (GRG.V, GARWF.US, G6A.FSE). The ongoing trenching program is currently in Phase I, and focused on a nine square kilometre area where numerous gold-bearing quartz veins have been identified at surface. There were several interesting and economic intercepts reported, which incentivizes management to continue searching for the heart of the mineralized system. 

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise. 

First Assay Results On Cabaçal VMS Copper-Gold Project Return 15.9m @ 4.0% CuEq And 48.6m @ 1.4% CuEq For Meridian Mining

As copper is closing on to all-time highs, trading at US$4.42/lb Cu at the time of writing (peaking in 2011 at US$4.6285/lb Cu), Meridian Mining (TSXV: MNO) came out with their first set of assays from their 100% optioned Cabaçal VMS Copper-Gold Project in Brazil, from their ongoing field program, encompassing 10,000m of diamond drilling. The mix of verification and infill holes, aimed at targets in the Southern- and Eastern Copper Zone (SCZ/ECZ), returned good results, with highlights of 15.9m @ 4.0% CuEq and 48.6m @ 1.4% CuEq for CD-004 and CD-003 respectively. This is the first stage of confirmation of the historical BP Minerals / Rio Tinto drill results.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Blue Sky Uranium Advancing Ivana Deposit Towards PFS; Commencing Metallurgical Testwork, Drill Results Expected Soon

Ivana deposit; Rio Negro province, Argentina

As uranium sentiment for stocks remains strong, Blue Sky Uranium (TSXV: BSK; US-OTC: BKUCF) is looking to seize the moment, and continues to advance their flagship Amarillo Grande uranium project in Argentina. This strong sentiment puzzles fund managers specialized in uranium stocks, as usually the uranium spot- and contract prices appreciate first, and stocks follow. Despite all mine closures, cut-backs in production and the US reserve bill, uranium prices hardly moved, as is shown on this chart from the Cameco (CCO.TO) website:

Golden Independence Mining Closes Oversubscribed, Non-Brokered C$2.8M Private Placement; Drilling At Independence Returns More Good Results

Although gold has to battle higher interest rates, a stronger dollar and Bitcoin beating all time highs as I am writing this, Golden Independence Mining (CSE: IGLD, OTCQB:GIDMF, FRA:6NN) doesn’t appear to get fazed, and apparently has no trouble raising cash. On April 9, 2021 it closed a private placement of C$2.8M, enabling it to do much more drilling this year, and potentially grow the resource even more on their Independence gold project in Nevada. The company was already financed to do a maiden NI 43-101 compliant resource estimate which will be coming out in weeks, and a PEA before year end.

In the meantime, drilling is advancing in good fashion, almost every hole returning economic intercepts, verifying and expanding the historic 1.07Moz gold resource which has the usual hallmarks of a typical Nevada deposit: near surface, heap leachable oxides and deeper, higher grade sulfides. Let’s have a look at their progress so far.

Gold Terra Hits 12.35m @ 5.77g/t And 4.35m @ 10.85g/t Gold On Campbell Shear Target At Yellowknife City Gold Project

The much anticipated Phase 1 drilling program, testing the southern extension of the Campbell Shear of the Yellowknife City Gold Project (1.2Moz Au Inferred resource), is well underway now, and the results are pleasing management of Gold Terra(TSXV:YGT)(OTCQX:YGTFF)(FRA:TXO) as it confirms historical drilling results. As a quick reminder, the Campbell Shear produced approximately 5 of the 6 million ounces of gold produced at the former Con Mine (1938-2002), is the main reason Executive Gerald Panneton (of Detour Gold fame) joined the company, and is the priority target for management. To date, Gold Terra has completed 13 holes for a total of approximately 5,700 metres along the Campbell Shear to vertical depth of 400 metres below surface.

Meridian Mining Drills Strong Sulphide Mineralization At Its Cabaçal VMS Copper-Gold Project

The latest Meridian news release shows an impressive hint of the mineralized potential of the Cabaçal VMS Copper-Gold Project in Brazil, at which Meridian Mining (TSXV: MNO) last year signed an option agreement for a 100% ownership.

Meridian announced the roll-out of its field program following the granting of a environmental permit for drilling in March, and mobilized two drill rigs and a geophysical team to commence a 10,000m diamond drilling program. One of the initial focus areas was in the southern sector of the deposit defined as the Southern Copper Zone (SCZ), where historical drilling suggests the presence of high grade NW-SE trending alteration pipe hosting copper-gold-silver mineralization.

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