Updates on Some Favourites! Amex, Tudor Gold and High Gold
Things are hearing up in the mining sector. Tudor Gold continues to look strong and attracts more money from Eric Sprott. The company announced on Monday, 22, 2020 that it has added a third diamond drill rig to the Treaty Creek property and the efforts are going well. Ken Konklin had a great deal of optimism: “The 2020 budget allows for 22,500 meters of drilling on the Goldstorm Zone. The gold-copper-silver mineralization remains open to the northeast and to the southeast, as well as to depth. The goal of the 2020 drilling program is to clearly define the limits of the mineralization to facilitate the resource calculations.”.
President and CEO, Walter Storm announced: “This new camp will be beneficial in extending the drill season into the fall months as crews will be able to access the drills without helicopter support, making it a much safer, cost effective and productive drilling season. We continue to work safely and productively, observing the protocols set out in our COVID-19 safety procedures.”
The stock has done exceptional well and this is the data season. We are all excited about developments up in the Golden Triangle. It could not come at a better time as the chaos of the markets, politics and the West are under such stress.
As many of you know I am a big fan of Tudor Gold and spoke about them on Kitco back in May 2019 in NYC while presenting at Mines and Money. I had written a piece about the company and opportunity some weeks earlier and was fortunate to spend some time with Walter Storm and the team. In fact, I presented for the company at the Metals Investor Forum a few weeks later. It is exciting watching this stock continue to grow as it hits milestones. Outstanding thus far and we are all looking forward to the results to come.
The second highlight is HighGold Mining which announced that it would be listing on the US OTCQX Market in the US. This is a strong step forward to access the US market which will certainly have an appetite for the potential boost in mining in Alaska. I have been watching this story develop for some time and they have had strong news flow not only on filing the NI 43-101 Technical Report for the Mineral Resource Estimate on its Johnson Tract Project, but also with its encouraging developments in Ontario.
There is a lot of upside in this company and it is so well positioned to take advantage of this mining cycle. Many of the misunderstood reasons for past projects being stalled in Alaska are being put to rest right now as CIRI promotes its active involvement in such projects. CIRI is one of 12 land-based Alaska Native Regional Corporations created by the Alaska Native Claims Settlement Act (ANCSA) of 1971. For a bit, more information look back at my article of
There is no wonder this company is one of my favourite since last August. The team is impressive the thesis, geologyc commodity and region are excellent and people are rewarding them. This company has strong possibility of impressing the markets and they have the attention and interest of a lot of people to do so. The company is fully funded on a massive increase to their drill program. They had an exceptional 100,000-meter program planned but the latest financing has allowed them to increase that by another 100,000 meters for a total of 200, 000! This is an exceptional increase and shows so much confidence and promise in the theory, region, management, and upside potential. The company announced that they would deliver 2 diamond drill rigs to the Perron property, bringing the total drills on site to 6 rigs. These two additional drill rigs will be mobilized and operating on the project by July 15th. Following the $15.75 million financing announced on June 17, Amex is increasing its fully funded drill program from 100,000 metres to 200,000 metres.
We are looking strong on these ones, and of course we all know how Exro Technologies and Desert Mountain Energy is doing of late. We are just beginning, and these companies look fantastic with some other big stories still to come as milestones are met, exceeded and this sector gets its turn to shine.
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Securities Disclosure: I, Andrew O’Donnell, own all of these stocks. I am currently remunerated by them or have been in the past year.
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