Value Microcaps Junior Miners

[Lone Clone]

CEE, IAU, IPT

Up till now, Centamin aka CEE's focus in Egypt has been on their producing Sukari gold mine in Egypt, but this has changed with award of three exploration concessions totalling over 3000 sq km in the Eastern Desert.

The recently completed drill programme on the Nugrus block, which adjoins Sukari, identified two major prospects. Little Sukari, 28 km west of the Sukari mine, featured near surface intercepts like 46m at 3.3 g/t Au and 77m at 1.84 g/t Au, while Umm Majal prospect, 23km west of the Sukari mine, featured intercepts like 18m at 2.33 g/t Au and 15m at 1.46 g/t Au from 4m 8m at 2.67 g/t Au, again near surface. The first half of 2024 will feature mapping and sampling and geophysics on and around these two prospects, followed by drilling in H2.

On the Um Rus block, located 50km north of the Sukari mine, analysis of geochemical samples collected last year is underway with results expected this quarter. This will lead to further geophysics and sampling followed by drilling.

On the Najd block, located a further 50km NE, initial sampling is underway, the results of which will be used to define further exploration.

I imagine that any economic ore found in these new blocks will be processed using existing facilities at Sukari, but any such decision will be contingent on further exploration and economic studies.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34531419

Nevada gold miner 1-80 Gold aka IAU issued one of those "Here's what we've done and here's where we're going" updates. I didn't see anything new, but is certainly impressive to see how much they accomplished during a difficult 2023 for miners and what they have planned for the next few years.

Between residual heap leach production and the commencement of mining at Granite Creek, and cash on hand, they are well financed to start producing at multiple mines while bringing multiple mills into operation over the next few years.

The news I am most eager to hear is about the potential partner for Ruby Hill. They've of necessity been coy about the identity of this potential partner, currently carrying out a period of due diligence on the property, but I expect they have deep pockets and will provide resources to speed up development even further.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34531460

We got some interesting news from Impact Silver aka IPT regarding their Plomosas Zn/Pb/Ag mine in Chihuahua, Mexico, which they recently bought and are returning to operation after refurbishment. They have signed a contract with Bell and Tesla to design and build a solar and battery system which is expected to reduce diesel costs by 30-40% along with a 90% decrease in GHG proodcution. I expect to see more and more announcements of this type from miners as the technology continues to improve. BTW, IPT is keeping their diesel generators on site as just in case backup, but expect to have to use them only rarely.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34531629