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Re: Lone Clone post# 35728

Wednesday, 05/22/2024 4:40:10 PM

Wednesday, May 22, 2024 4:40:10 PM

Post# of 36157
NTH, KTN, WM

Nord Precious Metals aka NTH owns a property called Castle in Cobalt, Ontario which hosts a number of past producing mines. They have now began investigating one called Capitol which produced large amounts (over 52M oz) Ag plus Co even though most of the potential ore was never mined due to logistical considerations.

As with the already established Robinson and Big Silver zones, their first few drill holes have found the type of narrow high grade mineralization usual for the area. What has been dubbed the All-Stars zone yielded intercepts including 5441.4 g/t Ag over 0.37 and 3730 g/tAg over 0.75m. Next up is drilling to try to connect Robinson with All-Stars.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34674118

Kootenay Silver aka KTN released six more holes from the ongoing drill campaign on the D Vein on its Columba silver prospect in Chihuahua, Mexico.Four of the holes were shallow ones aimed at establishing the vein orientation for later follow-up, but the other two were more significant Both came up with rich mineralization -- please refer to the PR for assays as they are difficult to represent in the forum -- that have extended the strike length of the vein from 450m to 650m.

KTN was impressed enough by the assays to bring in another drill to test exploration targets, though it is unclear from the wording whether these targets are along the D Vrin or others on the property, while the other will continue steeping out along the D Vein. Once they have established the full strike length, the emphasis will switch to infill drilling in preparation of a Resource Report expected before the end of the year.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34674190

Quebec gold developer Wllbridge Mining aka WM released the results of a short drill programme recently completed in and around its Fenelon project. Most of the results were near surface, some infill and some just outside the MRE, with the headline intersections being 29.48 g/t Au over 1.4m and 37.95 g/t Au over 1.9m in a hole just outside the MRE.They also pulled some good intercepts in both deep and shallow infill drilling in various zones. The shallow hits should help produce better numbers in the PEA for Fenellon currently underway.

WM also tells us they will shortly be releasing the results of another drill campaign completed recently at the nearby Matiniere property, which will be part of the PEA, and that an exploration drill programme will begin in June.

https://www.siliconinvestor.com/readmsg.aspx?msgid=34675410

Saville opines that based on the sentiment readings, a breakout by gold to a new ATH is likely within the next few months. (There may also be a short lived spike in the interim.) He also thinks silver is likely to make it to $35 in the next few months, but has no opinion on whether that will lead to a further breakout. He likes gold stocks here, with the gold/oil ratio, a proxy for miner's profitability, making new highs.

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