motherlodetv.net
A few months ago I started a SubStack about junior resource companies I either hold shares in or am thinking about taking a position in. Unlike motherlodetv.net where we try to stay very objective, over on “Talking my Book” I give my opinions (for what they are worth) about some of the promising juniors I am lucky enough to own.
NexGen Energy Ltd. (“NexGen” or the “Company”) (TSX: NXE) (NYSE: NXE) (ASX: NXG) is pleased to announce the commencement of an expanded 2023 exploration program designed to follow-up positive results from the 2022 exploration drill program and to test prospective areas that have been highlighted by detailed 2022 geophysical surveys. Additionally, NexGen has planned a substantial geophysical program in 2023 for drill target generation across high priority areas of NexGen’s mineral tenure (SW1, SW2 and SW3) in the southwest Athabasca Basin, Saskatchewan. The geophysical program includes cosmic ray muon tomography initiated in 2022 on the Patterson Corridor at NexGen’s 100% owned Rook I property as part of Ideon Technologies’ early access program for first implementation of innovative muon detecting instrumentation in boreholes.
Defense Metals Corp. (“Defense Metals” or the “Company“; (TSXV: DEFN) (OTCQB: DFMTF) (FSE: 35D) is pleased to announce it has engaged SRK Consulting (Canada) Inc. (“SRK”) to commence site geotechnical investigations at its wholly owned Wicheeda Rare Earth Element (REE) Project during 2023. The Company is also pleased to announce the appointment of Mr. Kevin Weston as Wicheeda REE Project Development Coordinator.
Millennial Potash Corp. (TSXV: MLP) (“MLP” “Millennial” or the “Company”) is pleased to announce that it has appointed Mr. Farhad Abasov as its Chairman of the Board to expedite the Company’s efforts at its newly acquired Banio Potash Project in Gabon.
Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) today reported results from an additional five (5) holes at its Donner Lake Lithium Property (the “Property”), located in the Bird River Greenstone Belt of southeastern Manitoba. The holes are part of an ongoing resource delineation drilling program at the Main Dyke. All delineation holes from the current campaign have intercepted significant, high grade lithium values in the Main Dyke and, locally, in at least three proximal sub-parallel dykes that were not previously known. Donner Lake is currently a 75% / 25% joint venture with Lithium Royalty Corp. Grid has an MOU in place with Tantalum Mining Corporation of Canada Limited focused on creating a toll milling operation to process spodumene-bearing pegmatites from Grid’s Donner Lake Property.
Millennial Potash Corp. (TSXV: MLP) (“MLP” or the “Company”) (formerly Black Mountain Gold USA Corp.) is pleased to announce that it has engaged Jason Wilkinson, M.Sc., as Chief Executive Officer (CEO) to lead the Company’s efforts at its newly acquired Banio Potash Project in Gabon effective Feb. 1, 2023. Current CEO Graham Harris will remain with MLP as Director and Senior Vice President-Capital Markets.
Eloro Resources Ltd. (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) (“Eloro”, or the “Company”) is pleased to announce assay results from eight (8) additional diamond drill holes from its definition drilling program at the Iska Iska silver-tin polymetallic project in the Potosi Department, southern Bolivia. Hole DHK-27 was drilled from Huayra Kasa due west at -45 degrees to a length of 860m to fill-in gaps in previous drilling of the High-Grade Zone. Five (5) additional holes (DHK-26. DHK-28, DHK-29, DHK-30 and DSB-42) were drilled to the southwest from the Huayra Kasa area to test the eastern margin of the Santa Barbara deposit. Hole DSB-43 was drilled on southwest side of Santa Barbara and hole DSB-46 tested the potential south-southeastern extension.
Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) announces that it has closed today its previously announced bought deal financing (the “Offering”). Pursuant to the Offering, Eloro issued 3,466,530 units of the Company (the “Units”) at a price of C$3.15 per Unit for total gross proceeds of C$10,919,570. This includes 266,530 Units issued in connection with the partial exercise of the over-allotment option granted to the underwriters under the Offering.
Eloro Resources Ltd. (the “Company” or “Eloro”) (TSX-V: ELO; OTCQX: ELRRF; FSE: P2QM) is pleased to announce that it has entered into an agreement with Cantor Fitzgerald Canada Corporation (“Cantor”) to act as sole underwriter (the “Underwriter”), pursuant to which the Underwriter has agreed to purchase, on a bought deal basis, 3,200,000 units (the “Units”) at a price of C$3.15 per Unit (the “Issue Price”) for gross proceeds to the Company of C$10,080,000 (the “Offering”).
| Drill Hole | UTM E | UTM N | Zone Interval | Assays | ||||
| Azimuth | Dip | From (m) | To (m) | Li2O % | Interval (m) | |||
| GDL22-19 | 147° | -45 | 317627 | 5610286 | 45.2 | 46.1 | 1.7 | 0.8 |
| 160.4 | 163.8 | 1.7 | 3.4 | |||||
| GDL22-20 | 147° | -70 | 317627 | 5610286 | 81.4 | 82.8 | 1.7 | 1.4 |
| 224.2 | 227.0 | 1.5 | 2.8 | |||||
| GDL22-21 | 147° | -45 | 317556 | 5610213 | 116.3 | 120.7 | 1.6 | 4.4 |
| GDL22-22 | 147° | -70 | 317556 | 5610213 | 164.2 | 169.8 | 1.0 | 5.6 |
| GDL22-23 | 147° | -45 | 317464 | 5610097 | 75.2 | 77.7 | 1.5 | 2.5 |
| GDL22-24 | 147° | -70 | 314647 | 5610097 | 108.0 | 117.5 | 1.4 | 9.5 |
| 145.0 | 147.8 | 1.5 | 2.7 | |||||
Grid Metals Corp (TSXV:GRDM)(OTCQB:MSMGF) (the “Company”) is pleased to announce the results for the initial six holes of an ongoing exploration and resource delineation drilling program at its Donner Lake Lithium Property (the “Property”), located in the Bird River Greenstone Belt of southeastern Manitoba, 150 kilometers from Winnipeg. The holes targeted the Main Dyke pegmatite and included intersections of 9.5 metres of 1.4% Li2O, 4.3 metres of 1.6% Li2O and 3.4 metres of 1.7% Li2O. Drilling has now covered a strike length exceeding 800 metres and to a vertical depth of up to 250 metres. Donner Lake is a 75% / 25% joint venture with Lithium Royalty Corp.