Value Microcaps Junior Miners

[Lone Clone]

IAU, TUO, QRC, ODV

i-80 Gold aka IAU released assays for 3 more holes drillied into the Blackjack CRD deposit on its Ruby Hill project in Nevada. Blackjack continues to deliver with the feature intercepts being 10.1% Zinc, 0.3 g/t Gold, 37.0 g/t Silver & 0.6% Lead over 116.3m and 16. % Zinc, 0.5 g/t Gold, 12.4 g/t Silver & 0.1% Lead over 16.1m.

It's not just the intercepts themselves that deserve attention. One of the holes was the first drilled beneath the east side of the Archimedes pit, defining a new area of mineralization which remains open, plus they found high grade skarn mineralization 300m from a previous similar intercept, opening up the possibility that the undrilled area in between might contain more mineralization. The ongoing drilling will investigate these and other targets.

And we also get more detail on IAU's plans regarding Ruby Creek. We learn they have submitted for approval a plan to develop an underground mine at Ruby Hill with the ore being accessed via a ramp from the Archimedes pit. They are planning to start construction in 2024 to provide underground platforms for definition drilling and mining operations.

One thing we don't learn in this PR is the identity of the company that is funding drill operations at the Hilltop deposits as part of an exclusivity agreement designed to lead to a potential JV. Inquiring minds want to know...

https://www.siliconinvestor.com/readmsg.aspx?msgid=34498293

In response, Scotia issued a new analyst report on IAU calling the PR Positive but keeping them at Sector Outperform with a $4.50 target.

Teuton Resources aka TUO announced the initial exploration results from Big Gold, one of a group of 100%-owned contiguous properties located south of Treaty Creek along the Keer-Sulphurets trend that already is known to host five large deposits (including Goldstorm at Treaty Creek). This initial exploration revealed multiple prospects including 2 VMS bodies and a gold vein. (Keep in mind that these are grab samples.)

The Roman Zone, which is still emerging from under melting glaciers, yielded a sample assaying 57.1 g/t Ag, 12.10% Pb, 9.32% Zn, and 0.72% Cu, while the Zali MVS occurrence yielded a sample assaying 4.2% Zn, 0.14% Cu and, 13.2 g/t Ag. In addition, a quartz vein yielded a sample assaying 27.7 g/t Au, 6,240 g/t Ag, 1.5% Cu, 6.4% Pb, and 3.1% Zn.

The geologists think this VMS mineralization is similar to that that gave rise to world class mines in the Golden Triangle like the Eskay Creek and Anyox VMS deposits , and also Goldstorm's recent Orion discovery 5 km to the north. Expect to hear a lot more about exploration on this and the adjacent 100%-owned properties, which TUO has collectively dubbed Luxor.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34500788

Queen's Road Capital aka QRC's goal is to generate income by investing in convertible debentures in mining companies. Today things took an interesting turn when QRC disclosed they had invested in $30M in debentures not in a mining company but in a royalty company, Gold Royalty Corp, which trades as GROY on the NYSE. GROY is growing, so this seems like a good investment even though it will be financed entirely by debt. Watch for the details on that debt to make the final evaluation.

https://ca.finance.yahoo.com/news/queens-road-capital-announces-us-124500742.html

So far most of the news we have heard from Osisko Development aka ODV regarding its Tintic property in Utah has had to do with the ongoing efforts to bring the Trixie gold mine back into production. But Tintic also contains a number of other targets, and now we hear that exploration is underway on one of the most promising, Big Hill.

Two deep holes being drilled at Big Hill are looking for the Cu/Au/Mo poryphyry that provided the source material for the property's Au/Ag deposits like Trixie. To me, two holes seems like not a lot, but I presume they will extend drilling if they find what they are looking for.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34500835

Writing before Monday's big drop in the PoG, Saville noted that the PoG had just had its highest ever monthly and weekly closes, but that there would likely be a 2- to 4-week correction before the real breakout occurs. Point to Saville....