Value Microcaps Junior Miners

[Lone Clone]

KDK, ARK, KTN

Previous exploration on Kodiak Copper aka KDK's MPD property in south central BC has already defined several large copper/gold porphyries in the northern part of the property. Now we hear about results from the first two holes drilled into the southern part of MPD. Historical drilling had already found mineralization in the Adit and Mid Zones, but the holes in this PR were into the South Zone.

One hole in particular delivered an outstanding intercept of 0.32% CuEq over 234m from bedrock surface, within a broader zone of 0.17% CuEq over 1053m, extending from 9 to 1062 metres downhole. Together, the two holes defined copper mineralization over 900+m of strike to a depth of 775+m. But even more important, this drilling, combined with geophysics and the historic work, suggests that South, Mid, and Adit may be part of one giant porphyry.

Drilling is over for this year so we will have to wait for next year's drilling to confirm that, but in the meantime there are still assays pending from this year's drilling.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34501872

Since they first started working in Kazakhstan in 2021, Arras Minerals aka ARK has assembled and explored a large package of copper/gold prospects, with its landholdings in Kazakhstan being exceeded only by those of Rio Tinto and Fortescue. Now they receive vindication for their strategy with the formation of what ARK is calling a 'strategic alliance' with Teck on some of those properties, totalling 1736 sq km.

It is a complicated agreement, but basically Teck will pay for further exploration plus reimburse ARK for previous expenditures. After the initial phase, Teck will pick four properties and fully fund further exploration to earn up to 75% ownership. If things proceed as envisioned, by that time Teck will have spent more than $50M on the properties. In addition Teck will also have the first option to JV some of ARK's other properties outside the current alliance should ARK decide to follow that route.

Teck has agreed to spend at least $5M exploring the properties by the end of 2025. In the meantime, ARK will continue exploration on the rest of their properties using their own funds. BTW, Teck currently owns 9.9% of ARK's shares via an earlier PP. I would not be surprised to see them eventually buy out the company altogether.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34501903

Kootenay Silver aka KTN released another set of drilling results on the D-Vein area of their Columba prospect in Chihuahua, Mexico. The D vein continues to deliver, with the headline assays including 6m core-length averaging 435 g/t Ag, 0.1% Pb, and 0.2% Zn, and 121m core-length of 60 g/t Ag and 0.1% Zn.

Perhaps the most interesting development is the complexity of the veining they are finding; in fact they are now calling this zone the D-Vein trend. As well, in one of the holes reported in this PR they believe they also encountered the upper level of the E-Vein.

Assays are pending for 2 more holes from this drilling campaign. Further drilling next year will target the D-Vein and other targets in preparation for the generation of an initial Resource Report expected in late 2024.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34501958