Value Microcaps Junior Miners

[Lone Clone]

Oceanagold aka OGC released a set of drilling results from their Haile gold mine in South Carolina. They have been reporting assays from Haile Underground only once a year, so they have plenty of good intercepts to share, like 7.45 g/t Au over 43.4M from 338.6M at the Horseshoe Extension, which will be mined next, and 7.77 g/t Au over 101.3M from 399.2M at Palomino, which is next in line after Horseshoe for mining. There were also promising results from other prospects.

OGC seems to be on to a good thing here, in terms of exploration and development at Haile. As they mine underground, this opens up new areas for exploration which so far have been fruitful. Eventually they will run out of new deposits to find at Haile, but for now it is 'lather, rinse, repeat', so to speak.

https://www.siliconinvestor.com/readmsg.aspx?msgid=33728239

Wallbridge Mining aka WM closed its latest PP. It is no surprise it was filled quickly, given how ludicrously low the share rpice is these days. Why didn't they raise the cash when the share price was more than triple current levels? Why didn't I sell more shares when the share price was more than triple current levels?

https://ca.finance.yahoo.com/news/wallbridge-mining-company-limited-announces-210100121.html

I'll be the first to admit I had low expectations for Kootenay Silver aka KTN's JV with Aztec Minerals on the Cevantes Au/Ag/Cu prospect in Sonoma Mexico, but this is changing now that hey are starting to define a proper ore body at the California target, with the headline intersection for the latest release being 1.486 g/t Au over 136.8M including 51.7M of 3.424 g/t Au in a hole located 50M from another hole that pulled a similar set of assays. California has now been extended to 900+M long, 250-500M wide, and up to 265M deep, with the assays from 13 more holes, which also include several exploratory holes on other prospects, still being analyzed in the assay lab.

https://www.siliconinvestor.com/readmsg.aspx?msgid=33737248

Oceanagold aka OGC continued their recent flurry of NRs by releasing some nice results from the WHP target on its Waihi Au/Ag property in New Zealand, The headline assay was 39.1 g/t Au and 73.4 g/t Ag over 10.3M, but there were a number of other eye-catching intersections among the 10 holes. These results, from drilling in 20221 along the East Graben vein, will feed into a new Resource Report expected shortly, and there is already a further drilling campaign underway, and they continue to advance permitting for production as they refine the mine plan for the North Waihi project.

https://www.siliconinvestor.com/readmsg.aspx?msgid=33732698&srchtxt=oceanagold

Goliath Resources aka GOT, who are exploring for gold in BC's Golden Triangle, remains very popular with investors. They announced an $11M finacing on Feb, 11, then increased it to almost $14M Feb. 22, and now they have added a further $88k on top. People are definitely expecting positive results from this year's exploration at Surebet.

https://ca.finance.yahoo.com/news/goliath-financing-increased-14-610-120000331.html

Last week i-80 Gold aka IAU announced the start of development at Granite Creek, the first of three underground Au mines in Nevada (along with an open pit mine) that will be coming into production over the next three years. Today we hear about the start of development of the second, located at McCoy-Cove, already known to host one of the highest grading gold deposits in North America, with reserves grading over 10 g/t Au. The have begun building a decline which will allow a major underground drilling campaign H2 and a feasibility study next year. As well, to run the project they have hired a veteran manager from Nevada Gold Mines, their partner on multiple projects past and present.

https://www.siliconinvestor.com/readmsg.aspx?msgid=33745161

We had two NRs from Teuton Resources aka TUO last week.

The first was an omnibus release catching us up on three separate initiatives:

1) TUO has acquired via a PP an approximate 8% stake in Sanatana Resources aka STA, citing poteital similarities between TUO and partner's Treaty Creek project and STA's nearby Oswegee Dome prospect.

2) TUO has puchased a large flat-lying property on the Granduc Mining Road which will serve as a staging area for multiple TUO properties in the area, and could be used to build a mill if the exploration yields enough fruit. (BTW, it is located next to the mill site from the old Scottie Mine.)

3) Most interesting of all, we get news on contemplated spinouts, setting the stage for what will happen with Treaty Creek. They mention that both of their JV partners have completed or are near to completing a spinout of their non-Treaty Creek properties before going on to say they are comtemplating a similar spinout themselves.

https://www.siliconinvestor.com/readmsg.aspx?msgid=33745196

A few days later, TUO released further results from last fall's sampling programme on the Swann Zone on its Harry project (located near that staging property they just bought). This is a JV with OPT and featured a headline assays of 285.4 g/t Au and 1872 g/t Ag, and 122.4 g/t Au and 1,949 g/t Ag. They also completed a very small drill programme, for which results are still pending. OPT seems very gung ho on Harry, so I expect this year's exploration programme to be very vigorous.

https://www.siliconinvestor.com/readmsg.aspx?msgid=33745231

I did some reading on Nicaragua over the weekend and as a result followed through on my decision to sell the Calibre Mining aka CXB shares I acquired in the Fiore Gold takeover because I am so disgusted with the political situation in Nicaragua. What makes it especially off-putting for me is that I was a strong supporter of Daniel Mendoza when he was leading the successful rebellion against the brutal American-backed regime which was then in power. Now he has become even worse than they were, sad to say.

(FWIW, with some of the money I bought a position in copper/molybdenum producer Amerigo Resources aka ARG, playing the copper bull for both capital gains and dividends.)

Capitan Mining aka CAPT certainly picked the right day to release some stellar drilling results from the Jesus Maria Zone on their Peñoles Ag/Au/Pb/Zn property in Durango Mexico. The combination of a breakout by PMs and a headline result of 1.Mm of 860.2 g/t AgEq Within 10.7M of 435.02 g/t AgEq pushed the stock close to an ATH. Not only were these assays able to extend the high grade shoot (which remains open at depth), but they also discovered a new zone of Au/Ag mineralization north of Jose Maria.

So far we have only received assays from 4 holes;I look forward to seeing what they have found in the remaining 11 holes.

BTW, they are also changing the name of the property to Cruz de Plata.

https://www.siliconinvestor.com/readmsg.aspx?msgid=33747713

i-80 Gold aka IAU surprised me by announcing the first sale of gold in the company's history. It turns out the production is not from one of the multiple Nevada gold projects they are building; rather, it is from the residual ore on the existing leach pads at Lone Tree property. They expect to begin adding more ore to pads from the nearby Brooks deposit in the second half of the year.

https://www.siliconinvestor.com/readmsg.aspx?msgid=33751070

I have had minimal exposure to Russia, via a small very underwater holding in Orsu Metals, aka OSU, who have a gold property in southern Russia. With today's announcement that they will likely become insolvent due to the boycotts of Russian banks making it impossible to fund their operations, I sold my remaining shares for a 94% loss. Did I mention it was a very small position...

https://www.siliconinvestor.com/readmsg.aspx?msgid=33750998