Tay is an 118 sq km property in NE Kazakhstan now owned by Arras Minerals aka ARK. Back in the Soviet era, when Kazakhstan was part of the USSR, the state geology service found a 6.5km by 2.1 km buried chargeability anomaly akin to the geophysical trace of Kaz Mineral's Bozshakol mine located 28 km away, which produces over 100kt of Cu annually.
Until now Tay has never been explored using modern methods, but ARK has just begun a 100-hole 5km reconnaissance drilling programme to see exactly what is actually producing the anomaly. If it is a buried porphyry as expected, a deeper drill programme will begin later this year.
Tay is not subject to the exploration alliance with Teck.
Metalla Royalty & Streaming aka MTA has published what they are calling an Asset Handbook which is very useful for investors, actual and potential, because it give thorough details on each of the 102 royalties and streams that MTA owns. IMO it's worth spending some time reviewing even if you are an existing shareholder.
Northern Shield Resources aka NRN announced they have earned 100% ownership of the Root & Cellar property in Newfoundland. Although they have found indications of Au/Ag/Te mineralization and perhaps an underlying copper porphyry, it remains to be seen whether they now own 100% of anything economic, which would make Root & Cellr unlike the long string of properties they have acquired and explored to no avail over the last 15 years. 13th time lucky?
FWIW, IKN this weekend pointed out that it looks like Kodiak Copper aka KDK has bottomed and is ready to run if they can pull some better drill results from its MPD property in southern BC where they are looking for large porphyries. This could be a good time to start a position in KDK or add to an existing one as long as you are willing to take your chances with the drill bit.
Speaking of bottoming patterns, Nevada gold miner i-80 Gold aka IAU has been the victim of a selling spree of its shares by EQX the last few months, exacerbated by some ill-timed PPs. Well it appears EQX has either run out of shares or decided to stop selling. IAU is now up about 25% from the 52-week low.
Oddly, the IAU warrants held their value even as the common stock lost significant value, so I have high hopes of the warrants doing very well if the common continues to recover.
Saville is reiterating that je expects gold stocks sill likely set their highs for the year in August or September, with HUI reaching 340-370 and GDX making it to $40-43.
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