Value Microcaps Junior Miners

[Lone Clone]

RIO, CEE, RRI, MIRL

Now we know why the share price of Rio2 aka RIO has been running -- up 60% in a few days. After an appeal they have been awarded the EIA permit for their Fenix gold project in Chile that was denied 18 months ago. Now this crack management team can get back to what they do best, building a mine. Expect a constant a constant news flow in 2024 regarding regarding the rest of the permitting (which should be straightforward in comparison), completion of financing arrangements, and the commencement and progress of construction.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34514246

African gold miner Centamin aka CEE announced an update to its group mineral Resources and Reserves, comprised of the producing Sukari mine in Egypt and the Doropo and ABC Projects in Côte d'Ivoire.

P&P Mineral Reserves increased by 28% compared to 2022, and are now 194Mt @ 1.23g/t containing 7.7Moz Au while M&I Resources and Inferred Resources stayed about the same at 392Mt @ 1.06 g/t containing 13.4M oz Au and 99Mt @ 1.06 g/t containing 3.4M oz Au. respectively.

It is notable that Sukari P&P Reserve itself has increased 10% since the number announced just two months ago along with the revised Life of Mine plan. Between the 285km of drilling at Sukari planned for 2024, the FBS for Doropo being released, and the first assays from the new exploration properties in Egypt's Eastern Desert, I expect another solid increase in CEE's Resources and Reserves this coming year.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34513155

A few years ago drilling pulled some promising intercepts from Riverside Resources aka RRI's Cecilia Au/Ag prospect in Sonora Mexico. The property is essential an extinct volcano that hosts a rhyolite dome analogous to several which host large mines in the neighbourhood.

Now RRI has returned to Cecilia with a sampling programme that has identified several new targets. The largest, Magallanes, has been extended to a strike length of over 800m. RRI has obtained permits and surface agreements for the new prospects, so expect more news flow as exploration proceeds.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34514268

And you may be relieved to hear that I will no longer be moaning about the sad state of Peruvian gold miner Minera IRL aka MIRL.

Today I managed to offload my shares for a loss, but it is worth it just to not be pissed off any more.

I have replaced MIRL in my pf with the Alaskan gold explorer Techtonic Metals aka TECT. Expect to start hearing about them here in future.