Value Microcaps Junior Miners

[Lone Clone]

KDK, GOT, NRN, RIO

Kodiak Copper aka KDK has already defined one large copper/gold porphyry called the Gate Zone on their MPD prospect in south central BC. Now, with the release of 5 holes drilled into the West Zone, it looks like they are on to another. They attribute this discovery 'through application of a Cadia-Ridgeway or Red Chris “style” exploration model, where mineralized zones occur near high-angle structural controls and changes in geology, exhibiting “chimney-like” geometries visible in geophysical surveys, and with significant grade and depth extent'.

Using that model, the five holes found three distinct styles of mineralization. First there is shallow high grade mineralization, e.g. 1.17% Cu (1.26% CuEq) over 39m within 0.33% Cu (0.39% CuEq) over 198m, starting at only 33m from surface, plus 049% Cu (0.58% CuEq) over 254m within 0.21% Cu (0.27% CuEq) over 941m starting at bedrock surface. This style of mineralization remains open in multiple directions.

These two holes also defined a new style of mineralization in the West Zone KDK calls 'high-energy, mineralized hydrothermal breccia at depth'. This zone has been extended to 185m at strike and remains open in all directions.

Thirdly, two of the holes had to be abandoned due to ground conditions but they still found a gold-rich zone with intercepts of 0.04% Cu and 4.54 g/t Au over 6m from 48m depth in one hole and 0.12% Cu and 2.08 g/t Au over 4m from 71m in the other.

These and older drill results at the West Zone have confirmed porphyry mineralization over an area of 300m by 650m, and from surface to depths of 962m, still open open to extension. KDK still has yet to receive many of the assays from this year's drilling, so I hope that using this new approach will define new porphyries on MPD.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34450856

Goiliath Resources aka GOT just can't seem to stop shooting themselves in the foot. Their latest PR on their Golddigger prospect in BC's Golden Triangle has a headline that appears to contain great news, trumpeting an outstanding intercept of 34.03 g/t AuEq Over 9m. The problem is that the result is from the Golden Gate zone. Even though they have been talking about Golden Gate for months, it has suddenlly become "Newly Discovered". Hey, when there is a chance to over-promote, who cares about accuracy?

Was this a deliberate attempt to deceive or just incompetence? Who can tell? In any case it reinforces my desire to sell my shares, but unfortunately even this outstanding intercept hasn't kept the share price from dropping to new lows, IMO the result of that incompetence/perfidy plus tax loss selling and the very underpriced PP to insiders they just closed.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34450904

Northern Shield Resources aka NRN announced they have completed an 8-hole scout drill campaign on the Conquest Zone located on their Root & Cellar Au/Ag/Cu prospect in Newfoundland. Alas, we get no assays, just lists of promising looking rocks in the core plus a few (meaningless without supporting assays) instances of visible gold in the core.

Regardless of what the assays tell us, they are already talking about more drilling.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34450919

Kootenay Silver aka KTN released assays from its first three holes on the latest drilling campaign at its Columba project in Chihuahua, Mexico. These holes were 50m stepouts along the D Vein and found some promising results such as 13.56m @ 599 g/t Ag, 0.5% Pb, and 1.2% Zn from 182.94m downhole including 8m @ 858 g/t Ag, 0.78% Pb, and 1.88% Zn plus 1m of 2,060 g/t Ag, 3.2% Pb, and 4.29% Zn.

The drill progrmme continues to step out along the D Vein after which they will explore other targets, eventually leading to an initial Resource Report next year.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34450952

Rio2 aka RIO has announced a new technical report of its Fenix gold project in Chile will be made available today. I don't expect any surprises.

https://ca.finance.yahoo.com/news/rio2-limited-files-technical-report-171600658.html