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The junior mining industry lives and dies by the press release. The problem is that press releases often fail to communicate the importance of particular information. So we were delighted to receive a note from Renforth Resources which added some analysis to today’s press release.
There is gold all over the Yukon. Economic gold is a whole other story.
Renforth Resources Inc. (CSE:RFR)(OTC Pink:RFHRF) (“Renforth” or the “Company”) is pleased to share with our shareholders recent results from additional sampling of a Discovery Vein drill hole from November 2019. This resampling results in new assay information, including 8.5m of 0.87 g/t Au at a depth of only 49.5m down the hole, which was not previously known to be mineralized. This shallow mineralization was included in a total of 9.8m of mineralization the new data adds to the drill hole. The additional sampling was undertaken in order to obtain quarter cuts of certain samples which were taken in November 2019 but not processed due to equipment issues. In taking the quarter cut samples Renforth’s geologist decided to take “contingency” samples of greywacke in order close off mineralized intercepts. These contingency samples unexpectedly gave gold values in assay, including 2.3 g/t Au over 2m between 49.5 and 51.5m as measured in the core box. The core box in question is pictured below. The assumption in the field was that the sample would come back with a zero value, based on visual inspection of the core as compared to other core drilled in other areas. Renforth has discovered that this assumption is incorrect in the Discovery Veins.
Renforth Resources (RFR-CSE) is now trading on the Frankfurt exchange under the symbol 9RR as well as the OTC-Pinks in New York (RFHRF).
White Gold Corp. (TSX.V: WGO, OTC – Nasdaq Intl: WHGOF, FRA: 29W) (the “Company”) is pleased to announce Rotary Air Blast (RAB) drill results on multiple newly identified drill targets located across its White Gold property, in the prolific White Gold District, Yukon, Canada. Significant gold mineralization was encountered on several targets located in the area surrounding the Golden Saddle & Arc deposits. These targets were discovered through the Company’s proprietary, data driven exploration strategy and include the McKinnon East, Ulli’s Ridge, Minneapolis Creek and several other targets. The 2019 RAB drill program was designed to drill a limited number of holes per target as a preliminary evaluation of the target areas with preliminary drilling of the additional new targets and follow up to be performed in 2020. White Gold Corp’s fully-funded $13 million 2019 exploration program backed by partners Agnico Eagle Mines Limited (TSX: AEM, NYSE: AEM) and Kinross Gold Corp (TSX: K, NYSE: KGC) included diamond drilling on the Vertigo target (JP Ross property), Golden Saddle & Arc deposits (White Gold property) as well as soil sampling, prospecting, GT Probe, trenching and RAB/RC drilling on various other properties across the Company’s expansive land package located in the prolific White Gold District, Yukon, Canada.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) continues to report additional positive drill results from its 2019 drill program at its 100% owned and licensed Brewery Creek Mine project located 45 minutes from Dawson City, Yukon. Step-out and in-fill drill holes at the Kokanee and Golden Zones along Brewery Creek’s prolific Reserve Trend have established dip continuity of gold mineralization extending below both the Kokanee and Golden Zones and discovered a deeper, previously un-tested structure below the historical drilling in both zones.
Golden Predator Mining Corp. (TSX.V:GPY, OTCQX:NTGSF) (the “Company”) announces the Government of Yukon and Golden Predator Mining Corp. established a project coordination committee pertaining to the Brewery Creek Mine, effective January 6, 2020. The committee had its first meeting during the Mineral Exploration Roundup Mining Conference in Vancouver, British Columbia, last month. The committee will enhance communications with respect to the development and production plans for the Brewery Creek project located near Dawson City, Yukon.
A deep analysis on a strong company is always invaluable information for any junior mining investor, whether independent or professional, and the initial investment report by Eight Capital on White Gold Corp is no exception.
Cartier Resources Inc. (TSX-V: ECR) (“Cartier”) has awarded InnovExplo the mandate to complete a resource estimate on the North and South Gold Corridors and a supporting NI 43 – 101 technical report for its 100% owned flagship Chimo Mine gold property located 45 kilometers east of Val-d’Or, Quebec.
As junior resource companies release results they begin to attract attention and then coverage in the investment community.