Value Microcaps Junior Miners

[Lone Clone]

ARK, ODV

Arras Minerals aka ARK released an update from exploration on its Elemes prospect in Kazakhstan (which is not subject to the alliance with Teck). Using soil sampling, geophysics, and reanalysis of historical drill holes, they had already established a very promising 8.8 km prospect called Berezski . Now we hear about an even better prospect called Aimandai which was previously unknown.

Aimandai has been established over 14 km and remains open at both ends, and like Berezski, contains minerlization that extends from surface, as also looks to be an expression of a large porphyry. Expect further exploration, including the first modern drilling on both targets later this year.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34615899

FWIW, BMO has a new mining analyst, and he surprised me by coming out with a report on Osisko Development aka ODV in the wake of last week's updated Resource Report for their Trixie gold mine on the Tintic property in Utah. The author confirms that the decrease in the Resource was the primary cause of the non-cash write down we have been cautioned to expect.

After talking to management, BMO expects Trixie to be developed using contract mining and a heap leach, the easiest and quickest route to cash flow. As they already have the necessary permits, BMO is modeing first production at Trixie next year.

But the analyst also reiterates that ODV's primary focus remains the development of the Cariboo gold mine in BC, for which permits are expected mid-year. Pre-construction activities are already underway in the wake of the recent awarding of a $50M credit facility for the construction.