MotherlodeTV, Canadian junior mining

First Mining Gold: Pre-Feasibility at Springpole Lake, Ontario
30 Mar 2021
First Mining Gold (T.FF) has just released a Pre-Feasibility Study on its Springpole Lake project in Ontario. The headline numbers tell the story, Pre-Tax NPV5% of US$1.5 billion, Pre-Tax IRR of 36%, Average Annual Gold Production of 335,000 ounces and AISC of US$577/oz in Years 1 through 9. Proven and Probable Reserves of 3.8 Moz Au, 20.5 […]
Cartier Resources: Chimo Mine, 2 Million Gold Ounces on the Cadillac Break
28 Mar 2021
Cartier Resources (V.ECR) has released a third, updated, resource estimate for its Chimo Mine Project: 684,000 indicated and 1,358,000 inferred gold ounces with the potential for more gold ounces in all directions and at depth. This pushes the Chimo Mine project over the 2-million-ounce mark. I spoke to CEO Philippe Cloutier by phone. For Cloutier […]
Gran Colombia Gold: Under the Radar Gold Producer
7 Mar 2021
Quick question: which Canadian listed company is the largest producer of underground gold and silver in Colombia? The answer “Gran Colombia Gold” (GCM.T) is, to say the least, not well known to Canadian investors. This is a mid-tier, 200,000 ounces per year, monthly dividend paying company, which seems to be entirely off investors radar. From […]
Tocvan Ventures: Making the Grade in Mexico
21 Feb 2021
Things are moving quickly at Tocvan (TOC.C). On Friday February 19, it closed trading at an all time high of $0.72, up $0.10 on the day. The market is beginning to understand the potential of Tocvan’s Pilar property in Mexico. As Derek Wood, CEO explained on the phone from Mexico, “We want to create maximum […]
Unglaciated: Etruscus Resources reveals new ground in BC’s Golden Triangle
8 Feb 2021
There is an old real estate joke: buy land, they are not making it anymore. Or are they? Gordon Lam and his team at Etruscus (ETR.C) have recently reported some results from their 2020 summer exploration program at the Eskay Camp in BC’s resource-rich Golden Triangle. Excellent grab samples with grades as high as 7,013 […]
Clean Air Metals: A Ramp to Platinum near Thunder Bay
26 Jan 2021
Producing a 43-101 compliant resource estimate is a huge step forward for any junior resource company. For Abraham Drost, CEO of Clean Air Metals (TSXV: AIR), this was an especially satisfying moment because it confirms a new approach to a potentially very valuable platinum group metals deposit. “I live in Thunder Bay,” said Drost. “The original […]
GR Silver: Close to a Resource Estimate at the Plomosas Project in Mexico
21 Jan 2021
“Is it a mine?” is GR Silver Mining Ltd. (GRSL.V) CEO Marcio Fonseca’s constant question as he leads the exploration of the Rosario Mining District in Sinaloa, Mexico. “We’re very close to saying yes,” said Fonseca in a telephone interview. GR Silver already has an NI 43-101 compliant resource at San Marcial which is a […]
CBLT: Cobalt with the Pen
6 Dec 2020
In the investment banking business people talk about “deal flow”. Putting one deal together, closing it and moving on to the next deal. Peter Clausi, CEO of CBLT (V.CBLT) brings the concept of deal flow to the junior mining space. “There can be more money made with a pen than a drill,” said Clausi. With […]
Eloro: Big Breccias in Bolivia
30 Nov 2020
I think it is fair to say that Eloro (V.ELO) CEO Tom Larsen is excited by what the company is finding at its Iska Iska Property in Southern Bolivia. The announcement of a second major mineralized breccia pipe approximately 400m in diameter confirmed Larsen’s belief that Iska Iska may have significant tonnages of commercially viable […]
Newlox Gold: COVID reset
18 Nov 2020
Junior resource companies have been struggling to adapt their businesses to COVID-19. It is pretty tough to socially distance in a four seat helicopter and “camp” arrangements have to be reconsidered. In Ryan Jackson’s Newlox Gold’s (C.LUX)case, its milling operation in Costa Rica had to be suspended entirely. Jackson was delighted to finally be able […]
Understanding structure: X marks the spot
10 Nov 2020
When geologists are planning a drilling program they want to have as much information as possible before the drill starts turning. Tocvan put out a press release October 27 which, in technical language, indicated that the company’s geologists has reached some conclusions as to the geological structures at its Pilar Gold-Silver Project in Sonora, Mexico. […]
Northstar Gold: Gold near Kirkland Lake
4 Nov 2020
The junior mining market is in a bit of a consolidation at the moment which gives investors the opportunity to look for undervalued overlooked junior resource stories. Northstar Gold Mining (C.NSG) is a company which deserves a close look. It is always interesting when a company which has operated privately for over a decade goes […]
Eloro: Exploring a region in Bolivia from Space
21 Oct 2020
Tom Larsen, CEO of Eloro Resources (V.ELO), is waiting, somewhat patiently, for the results of drilling at the company’s Iska Iska project in Southern Bolivia. Eloro signed the Iska Iska deal in January and the drills are turning. The Iska Iska project has the potential to be big. Very big. Which means that the drilling […]
CBLT Inc: You can make more money with a pen than a drill
5 Oct 2020
There is no single right way to organize and operate a junior resource company. Instead, each company needs to figure out its own path to maximizing shareholder value. Whether it is a greenfields exploration story or a brownfields mining restart, every project is different. Peter Clausi, CEO of CBLT Inc. (V.CBLT), spent the early part […]
Etruscus Resources: Under the Radar in BC’s Golden Triangle
4 Oct 2020
BC’s Golden Triangle has been a hugely productive mining area since the 1980’s. There is no question of its mineral endowment as mines like Premier back in the 1920s, the SNIP and Eskay Creek in the early 1990s, and, more recently KSM, Red Chris and Valley of the Kings have all come online with […]
Newlox Gold: Unlocking the Value in Artisanal Tailings
30 Aug 2020
Artisanal mining occurs all over the world. In some jurisdictions it is seen as a dangerous blight, however, in Costa Rica the government regulates and encourages the artisanal miners in its central gold belt. The Costa Rican artisanal miners use low tech, low environmental impact, techniques to mine the rich ores of the region. Unfortunately, […]
Tocvan: Structure is Plumbing
26 Aug 2020
Having a piece of highly prospective property is a good start for a junior resource company. Tocvan Resources (TOC.CC), after Mark Smethurst, the company’s COO, looked at over 150 possible properties, found a property with high gold and silver potential at the Pilar Gold Property in the Sonora Gold District in the north-west of Mexico. Better still, […]
GR Silver: Great Drill Holes at the Plomosas Silver Project, Mexico
26 Jul 2020
The junior resource world runs on “news”. The most valuable news a company can bring to the market is drill results. Ideally, drill results which disclose good grades over broad intervals. The problem most juniors face is that drilling is expensive: hundreds of dollars a meter. And it is time-consuming as the core has to […]

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