Month: December 2021

Financial Express/Chirag Mehta/12-25-2021

“As the world learns to live with Covid-19, gold prices in 2022 will be influenced by how inflation shapes up and central banks’ reaction to it. The persistence of higher inflation may boost the demand for the yellow metal, but it also increases the odds of a more hawkish Fed, hurting prices.”

USAGOLD note: Quantum Mutual Fund’s Mehta lays out a positive scenario for gold in 2022 saying it “will have the last laugh.”

The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.

South China Morning Post/Enoch Yui/12-27-2021

“It is a Chinese tradition that newlyweds and their relatives buy gold jewellery such as bangles inscribed with dragon and phoenix motifs, as dowry for the bride or as wedding gifts.”

USAGOLD note: Apparently Hong Kong’s jewelry buyers did not get Western financial media’s “gold is dead” memo. Where the cynical sow doubt, the resolute see opportunity.

The post Today’s top gold news & opinion first appeared on Today’s top gold news and opinion.

Source: The Critical Investor   12/28/2021

After a year of slow progress for Avrupa Minerals, management decided to create more opportunities by acquiring four exploration properties in Finland.

After a year of slow progress for Avrupa Minerals Ltd. (AVU:TSX.V; AVPMF:OTC; 8AM:FSE) and JV partner Matsa Resources Limited (MAT:ASX) at the Sesmarias target, part of their flagship Alvalade project in Portugal, it is refreshing to see Avrupa somewhat diversifying away by acquiring four exploration properties in Finland, with some of them even having a historic resource.

Since Finland has become something of a hotspot lately, with Aurion Resources Ltd. (AU:TSX.V), Rupert Resources (RUP:TSX.V), Firefox Gold Corp. (FFOX:TSX.V) and Mawson Resources Ltd. (MAW:TSX; MWSNF:OTCPK; MRY:FSE) being in the news on and off the last few years, it could very well be possible for Avrupa to enjoy some free Finland enthusiasm from investors. On the other hand, more attention means more scrutiny, so it will be interesting to see when they will be able to raise cash and start exploring.

Avrupa Minerals announced on Dec. 20, 2021 the signing of a binding letter agreement with Akkerman Exploration BV to acquire 100% ownership of Akkerman Finland OY (AFOY). This is nothing less than a Dutch company, and it is quite rare to see countrymen of mine engaging in trading mining properties, since The Netherlands does not have any active mine or mining projects anymore, and I only know a handful of Dutch players in the mining industry. But enough about my amazement. The acquisition handles four properties, three of them are base metal projects located in the past-producing and highly prospective Vihanti-Pyhäsalmi VMS district in central Finland, where deposits have the same geological makeup as the ones found in the Iberian Pyrite Belt, where Avrupa has been exploring for many years now. The fourth project is a gold project in a greenstone-hosted shear zone, which is located along strike with the Oijärvi gold project, which Gold Line Resources Ltd. (GLDL:TSX-V; TLLZF:OTCQB) acquired from Agnico Eagle Mines Ltd. (AEM:TSX; AEM:NYSE) for $10 million, and has a historic (2013 so pretty recent) inferred resource of 250koz @ 4.11g/t Au and 1.9Moz @ 31.11g/t Ag. Maps of this project can be seen here (Source Gold Line website):

Gold Line Resources has set targets of >1Moz Au and >7Moz Ag, so there seems to be quite a bit of potential. As per their website:

“The main Kylmäkangas deposit hosts massive quartz-veins containing gold, silver and base metals along the mineralized shear zone, with gold anomalous sedimentary rocks present in the area.  The geological structures of the area, along with the thick shear zones and high-grade intercepts and faults, characterize a deposit of potentially multimillion ounces.”

The highlights of the acquisition terms looked like this:

• Avrupa can earn an initial 49% of AFOy in Stage One by issuing 1,470,000 common shares, paying €150,000 and depositing €200,000 into an account dedicated for first year exploration expenditures.
• As a Stage Two earn-in, Avrupa can acquire the remaining 51% of AFOy by issuing a further 1,530,000 common shares and depositing an additional €200,000 into the dedicated account for further exploration expenditures. Avrupa will also pay out the remaining advances of approximately €15,000 to AFOy’s parent company at this stage.
• A Technical Committee comprised of one representative from each party will oversee the work programs of each project.  AFOy’s majority shareholder will have the deciding vote during the initial earn-in period. 
• The Letter Agreement will be superseded by a Definitive Agreement which is expected to be completed in January 2022.  Avrupa paid €10,000 upon signing of the Letter Agreement.
• Avrupa will engage a qualified professional geologist to complete a NI 43-101 compliant report on the projects as part of its due diligence process.  The Company expects to complete the report during the Stage One exploration program as part of a rigorous review of data and drill core from historic operations covering the project areas.

 

At a current share price of C$0.070, this means an acquisition price of C$210k in equity, C$175k in cash, and C$400k in exploration expenditures, so a total compensation of C$785k. For this amount it is Avrupa that will be the operator, although AFOY still has the deciding voice during the first stage of the earn-in to 49% ownership for Avrupa. Before we look into the properties, it is good to mention that the four projects need to be upgraded to licenses first. For this, the company has until the end of January 2022 to decide upon what areas within the Kolima Project to extract for license application. The review and application process is already underway for Kolima, and the company expects to present the application to the Finnish mining bureau by mid-January.

License areas in the other three projects need to be defined later in 2022 and 2023. Once license areas are defined and the application process is underway, Avrupa will oversee detailed systematic data compilation and review, historic drill core review, basic surface geochemical exploration, and new drill targeting in preparation for drilling when the license applications are approved. According to CEO Paul Kuhn, this work will continue throughout 2022. Basic exploration in the project areas is permitted throughout the licensing process, and the company will take advantage of this allowance to better define priority areas of interest that can be upgraded to license applications.

I do know Finland has quite a reputation of being very thorough on permitting, with long turnaround times, so let’s hope this is not getting in the way of quick exploration.

This is an overview of the locations of the 4 properties:

The first project is called the Pielavesi Reservation, and includes the Säviä target. The project covers about 213km2, contains a small historic resource, and has been drilled quite extensively at certain targets, although a number of these targets didn’t return economic mineralization. However, the property is very large and under-explored, and hasn’t seen any modern exploration techniques in the last 30 years.

Two historic resource estimates were completed in the distant past: a 1968 resource of 4Mt @ 1.1% Cu and a separate resource of 1Mt @ 2% Zn, and a 1986 resource of 1.8Mt @ 1.52% Cu. These numbers are obviously too small in order to form the base for an economic operation, but it is a nice start, as a relatively small high grade copper operation would need at least 20-25Mt nowadays. As the region harbors three other deposits, the potential is certainly there. According to Kuhn, this is a typical VMS district where they will probably find clusters of mineralization, though size is not predictable of course. However the deposits are very old and there has been substantial deformation and geological change in these old Pre-Cambrian rocks. Exploration will be challenging, but this is Avrupa’s specialty.

The second project is the 187km2 Kolima Property. Historic exploration efforts defined a 2000 by 200-400m zone with zinc mineralization, but also numerous boulders containing gold and copper are present, in typical VMS fashion and geology. A resource wasn’t defined despite 70 drill holes completed. I asked Kuhn if he could disclose more information on this project, and he stated: “Mineralization occurs in thin layers and laminations of sphalerite, which are normally indicative of distal portions of a massive sulfide body. The mass has not yet been located. The 70 holes are not all drilled in one area, but spread around the district. No economic resource was discovered, and vectoring has not yet been defined. This will be one of our first projects: review all the old work and see if we can find potential vectoring information. The airborne geophysics will undoubtedly help us here.”

The 3D survey map shows the two most important electromagnetic (EM) targets.

The third project is the Kangasjärvi Property. This 203km2 claim set covers the tiny but high grade Kangasjärvi zinc deposit, which was exposed to surface and mined partially. The latest known historic resource was reported at about 300kt @ 5.4% Zn. The grade is extremely good for open pit zinc, but 300kt isn’t economic. Three more mineral occurrences have been identified, but not followed up since, and can be seen here:

AFOY did complete airborne SkyTEM surveys on the Pielavesi and Kangasjärvi projects, and both companies are reviewing and analyzing the data together, attempting to define drill targets. According to CEO Kuhn, this work will continue during the first year of the exploration program with targets on the Kolima Project worked first as it is the oldest of the project areas.

The fourth and last property is the Yli-li Gold property. The 332 km2 Yli-li gold reservation covers 30 kilometers strike length of the southern extension of the aforementioned Oijärvi greenstone belt, major shear zone and project.

Initial studies over a period of 13 years (2001 to 2014) turned up gold-in-till anomalies over intensely sheared and altered rocks.  Limited drilling resulted in one intercept of 3 g/t gold over two meters at the Kupsusselkä prospect.

When glossing over all projects, the first impression is one of size: all projects are large. I have learned from Zach Flood (CEO from client Kenorland Minerals) that large packages in prospective areas are good as you increase the odds. I do wonder if this wouldn’t take up too much resources to drill permit, sample, define targets, pay holding costs etc. CEO Kuhn answered, “These projects, or reservations, are large areas, indeed. From the reservations we pick out the best areas of interest, as defined by geology, airborne geophysics, historic drilling and mining, etc. We then select the most interesting areas within the reservation and make license applications for these areas.  We will whittle down 300 km² to 30 km² in this process, which obviously lowers the monetary risk factors and much better defines the areas of potential success, where we obviously want to work!”

What I do like here is the extensive Yli-li greenstone project which captures a long stretch of greenstone to the south. Another project I like a lot is the Pielavesi project, with several known deposits nearby. I asked CEO Kuhn about his opinion on which projects he thinks are the most prospective for economic mineralization, and what kind of targets he is looking for. He answered that both project areas have obvious first-pass excitement. Our priority, of course, is to define areas where we expect to find mineralization, whether it be VMS or shear-hosted gold mineralization. Once we have a better idea of what is possible, we will decide whether to move it ahead ourselves, or engage a joint venture partner, as is our business model. There are other companies already working in both areas, so we know of the interest in these projects.

For now, there still is exploration going on at Sesmarias, a high priority target of the Alvalade project. The historic Lousal mine also forms a substantial element of this project.

Lousal Mine

I wondered about the status of the reconstruction of old Lousal data, in order for Avrupa and MATSA to construct a 3D model, which in turn could guide their drilling nearby. CEO Kuhn stated that, “The acquisition of the data is now complete and will be entered into a 3-D modelling program during January/February.  We found a lot of historic information in several old storage areas at the mine and in the government geological survey.  This is quite exciting and we look forward to putting the model together.”

As MATSA was looking to deploy a second rig at the Alvalade project a few months ago, depending on mobilization and landowner authorization of particular drill sites, it was time to get an update on this as well. According to Kuhn, “We had a second drill rig for a single hole in the Caveira Mine area, but the contractor vacated the site after one hole for a better, longer job.  We expect to report results from this hole and from Sesmarias in early January 2022.

Conclusion

Since drilling at Sesmarias progresses pretty slowly, and the geology is very complex and folded, Avrupa management decided to take matters in their own hand a bit more, and acquired four Finnish properties. These properties aren’t just a nice mix of prospective greenstone (gold) and VMS projects (base metals), but also quite substantial, and sometimes already have a small historic resource at good grades. The company is now pretty cash strapped, but will probably have to raise in the near future, so they could start exploration as soon as the licenses are approved and the exploration permits are received. In my view this seems a refreshing, new start for Avrupa Minerals, and with current enthusiastic Finnish gold sentiment and gold recovering during days of high inflation, this could be a smart move.

I hope you will find this article interesting and useful, and will have further interest in my upcoming articles on mining. To never miss a thing, please subscribe to my free newsletter at www.criticalinvestor.eu, in order to get an email notice of my new articles soon after they are published.

The Critical Investor is a newsletter and comprehensive junior mining platform, providing analysis, blog and newsfeed and all sorts of information about junior mining. The editor is an avid and critical junior mining stock investor from The Netherlands, with an MSc background in construction/project management. Number cruncher at project economics, looking for high-quality companies, mostly growth/turnaround/catalyst-driven to avoid too much dependence/influence of long-term commodity pricing/market sentiments, and often looking for long-term deep value. Getting burned in the past himself at junior mining investments by following overly positive sources that more often than not avoided to mention (hidden) risks or critical flaws, The Critical Investor learned his lesson well, and goes a few steps further ever since, providing a fresh, more in-depth, and critical vision on things, hence the name.

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The author is not a registered investment advisor, and currently has a position in this stock. Avrupa Minerals is a sponsoring company. All facts are to be checked by the reader. For more information go to https://avrupaminerals.com/and read the company’s profile and official documents on www.sedar.com, also for important risk disclosures. This article is provided for information purposes only, and is not intended to be investment advice of any kind, and all readers are encouraged to do their own due diligence, and talk to their own licensed investment advisors prior to making any investment decisions.

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5) From time to time, Streetwise Reports LLC and its directors, officers, employees or members of their families, as well as persons interviewed for articles and interviews on the site, may have a long or short position in securities mentioned. Directors, officers, employees or members of their immediate families are prohibited from making purchases and/or sales of those securities in the open market or otherwise from the time of the decision to publish an article until three business days after the publication of the article. The foregoing prohibition does not apply to articles that in substance only restate previously published company releases. As of the date of this article, officers and/or employees of Streetwise Reports LLC (including members of their household) own securities of Agnico Eagle Mines Ltd., Aurion Resources Ltd. and Avrupa Minerals Ltd., companies mentioned in this article.

 

( Companies Mentioned: AEM:TSX; AEM:NYSE,
AU:TSX.V,
AVU:TSX.V; AVPMF:OTC; 8AM:FSE,
FFOX:TSX.V,
MAT:ASX,
MAW:TSX; MWSNF:OTCPK; MRY:FSE,
RUP:TSX.V,
)

Source: Streetwise Reports   12/28/2021

On any given business day, results from a drill hole can turn a Wednesday into Christmas Day for shareholders. We take a look at what experts think are the best drill holes of 2021.

Drill holes are junior mining’s lifeblood. They can drive investor interest, make companies and cement reputations.

There was a lot of movement in 2021, and Streetwise Reports is counting down the Top Five.

Newsletter writer John Kaiser, editor of soon-to-launch Kaiserresearch.com, has made a career of looking at drill results on behalf of retail investors to determine whether or not those results have merit.

Kaiser says some of the industry’s big discoveries were part of well-planned exploration programs, but some of the biggest were essentially flukes. 

“At Fruta del Norte when (Aurelian Resources) drilled that deep hole and intersected 200 meters of really high-grade (gold), that took the stock from 60 cents to two-and-a-half dollars,” Kaiser tells Streetwise. “It was blind hole, too. (Aurelian) had chewed through (about) $19 million and accomplished nothing and then went for this ‘Hail Mary’ hole and it was like catching a touchdown in the endzone to win the Super Bowl.”

The drill hole Kaiser referred to hit 189 metres averaging 24 grams gold per tonne (24 g/t gold) in 2006 at the Fruta del Norte gold project in Zamora Chinchipe province, Ecuador.

Aurelian went on to drill off a 13.7 Moz gold resource there before Kinross Gold Corp. (K:TSX; KGC:NYSE) launched a takeover bid worth about CA$1.2 billion in July 2008. After political tangles stalled development, Lundin Gold Inc. (LUG:TSX) bought Fruta del Norte in 2014 for about $240 million, made nice with the locals, and poured its first gold in 2020.

This year proved a banner year for drill results as gold prices flirted with US$1,900/oz for the better part of 12 months; silver spent much of 2021 well above US$22, almost double its 10-year low of US$12.47 in March 2020; and copper consistently tested US$4.80/lb, up from a five-year low of US$2.25/lb in April 2020.

For our purposes, the criteria were simple: these drill results had to contain significant gold, be published in 2021 and ultimately move the needle on the share price.

Here are the Top Five Drill Holes of 2021:

5. Satori Resources Inc. (BUD:TXS.V), Drill Hole TLMZ21-12

 

Commodity: Gold

Project: Tartan Lake

Intersection: TLMZ21-12 intersected 5.8 meters averaging 47.56 g/t gold, inside a broader interval of 12.6 meters averaging 23.76 g/t gold

Where: Flin Flon Greenstone Belt, northern Manitoba

Ownership: 100% Satori Gold

Overview: Satori was late to the party but made the cut after a news release on Dec. 6 reported that hole TLMZ21-12 intersected 5.8. meters averaging 47.56 g/t gold at the Tartan Lake Gold Project in Manitoba. It was part of a longer interval of 12.6 meters averaging 23.76 g/t gold.

The hit is thought to be a new zone of mineralization, sub-parallel to the main zone.

Holes TLMZ21-12 and TLMZ21-11 12 both targeted the down plunge continuation of the main zone mineralization. TLMZ21-11 intersected 5.3 meters running 2.25 g/t gold in the Hanging Wall (HW) zone followed by 2.1 meters of 8.87 g/t gold in the main zone.

TLMZ21-12 is the second highest grade interval ever reported at Tartan Lake, which operated from 1987 through 1989 and produced slightly less than 36,000 oz gold.

Kaiser lists Satori among his “Bottom Fish” picks.

“(Tartan Lake) is one of those orogenic high-grade (gold) systems in Manitoba. It was improperly developed and then abandoned and then sold,” Kaiser tells Streetwise. “(President and CEO) Jennifer Boyle and (director) Wes Hanson are now trying to revive it and demonstrate that these high-grade veins extend vertically. The trick is that the deeper you go in these sub-vertical systems the more expensive the holes become and the longer it takes. So they’ve been busy working to extend the down plunge potential of the (mineralized gold) system to show that there’s enough gold bearing ‘meat’ present to justify redeveloping this system.”

Shares of Satori closed at $0.165 on Dec. 8., two days after news of TLMZ21-12 hit the market, a 37.5% bump from the $0.12 close on Dec. 1.

It seems like Boyle and her team have things moving in the right direction.dfssa

4. Kenorland Minerals Ltd. (KLD:TSX.V; 3WQO:FSE), Drill hole DDH 21RDD024

 

Commodity: Gold

Project: Frotêt

Intersection: 5.72 meters running 90.56 g/t gold, including an interval of 3.89 meters grading 132.57 g/t gold (DDH 21RDD024) on the Regnault (R1) deposit

Where: Frotêt-Evans Greenstone Belt, James Bay lowlands, northern Quebec

Ownership: Kenorland Minerals, 20%; Sumitomo Metal Mining Co. (SMMYY:OTC), 80%. Kenorland is the operator.

Overview: The remarkable DDH 21RDD024 was hit during follow-up drilling at its Frotêt gold project in northern Quebec. Kenorland was seeking greater understanding of the east-west orientation of the mineralized structures in the Regnault deposit. The junior discovered the Regnault gold system and the R1 structure early in 2020 when hole DDH 20RDD007 hit 29.08 meters grading 8.49 g/t gold.

“Regnault is emerging as a very interesting new discovery… (Kenorland) has secured a strategic partner (Sumitomo) that will have the funds for any (capital expenditures), which takes away some of the financing risk. KLD-V is one to watch,” Mining Analyst Eric Lemieux told Streetwise in July.

In November, Sumitomo Metal Mining Canada bought 5.2 million common shares in Kenorland at $1 apiece. Sumitomo now owns 10.1% of Kenorland’s outstanding shares. About 80% of the money is earmarked for further exploration, while the rest will cover general expenses.

3. HighGold Mining Inc. (HIGH:TSX.V; HGGOF:OTCQX), Drill Hole JT21-125

 

Project: Johnson Tract

Intersection: 56.6 meters at 18.69 g/t gold, 3.9 g/t silver, 2.43% zinc, 0.47% copper, and 0.36% lead, including an eye-popping interval of 32.9 meters running 31.69 g/t gold, 5.1 g/t silver, 1.82% zinc, 0.58% copper, and 0.47% lead.

Where: Alaska

Ownership: 100% HighGold Mining (Cook Inlet Region, Inc. [CIRI], one of 12 land-based Alaska native regional corporations created by the Alaska Native Claims Act of 1971, has a back-in right for up to a 25% participating interest).

Overview: HighGold Mining has been steadily building the resource and de-risking the project since acquiring John Tract in 2019. And with mining financiers Eric Sprott and Robert McEwen aboard, it won’t have to worry about financing. It currently has about $26 million in the kitty.

 

An initial resource estimate published in June 2020 reported 2.7 million indicated tonnes grading 6.1 g/t gold, 6 g/t silver, 0.6% copper, 5.6% zinc and 0.8% lead, the equivalent of roughly 750,000 oz gold. Another 0.6 Mt inferred tonnes grading @ 2.1 g/t gold, 9 g/t silver, 0.5% copper, 6.7% zinc, and 0.3% lead works out to about 134,000 oz gold, and that was before hole JT21-125.

An updated resource estimate is expected in the first half of 2022.

Southeast of JT21-125, drill hole JT21-123 hit 4.3 meters grading 13.1 g/t gold, 200 g/t silver, 4.9% zinc, 2% lead and 0.40% copper, which basically confirms the down-plunge strike expansion of Johnson Tract.

“Joe Mazumdar and I think the Johnson Tract deposit is a hybrid VMS (volcanogenic massive sulphide), late intermediate sulphidation overprint. There are also epithermal showings, possibly related to a separate porphyry,” says geologist Brent Cook, former editor of the Exploration Insights newsletter. “Joe Mazumdar has worked up a rough resource estimate and thinks 750,000 to 1 million oz is a reasonable target for the main deposit. Good potential outside of this.”

HighGold closed at $1.75 on Oct. 6, the same day news of JT21-125 became public, up from $1.01 the day before ­– a one-day 73% spike in the share price.

2. NGEx Minerals Ltd. (NGEX:TSX.V), Drill Hole LHDHG03

 

Commodity: Copper, Gold, Silver

Project: Los Helados

Intersection: LHDHG03 returned 1,134 meters grading 0.79% copper-equivalent (CuEq) (0.59% copper, 0.30 g/t gold, and 1.9 g/t silver), including a higher-grade interval of 440 meters running 1.03% CuEq (0.82% copper, 0.31 g/t gold, 2.9 g/t silver)

Where: Chile

Ownership: 64% NGEx; 36% Japanese company Nippon Caserones Resources

Overview: While LHDHG03 was published in 2021, it was actually drilled in 2015 as part of a program to collect whole-core geotechnical data. It wasn’t assayed until this year but was worth the wait.

LHDHG03 returned 1,134 meters grading 0.79% CuEq (0.59% copper, 0.30 g/t gold, and 1.9 g/t silver), including a higher-grade interval of 440 meters running 1.03% CuEq (0.82% copper, 0.31 g/t gold, 2.9 g/t silver). It’s part of a much larger copper-gold porphyry deposit and will be part of an upcoming revised resource estimate.

NGEx boasts that Los Helados is the fourth largest copper discovery in the last 10 years.

Using $3.00 copper and $1,300 gold, Los Helados contains a National Instrument compliant indicated resource of 17.6 billion pounds copper and 10.7 Moz gold, as well as an inferred resource of 5.8 billion pounds copper and 2.7 Moz gold.

NGEx was created in 2009 by the Lundin Group to honour patriarch Adolf Lundin (1932-2006). NGEx = No Guts (No Glory) Exploration.

The junior closed at $1.55 on Dec. 21 on volume of 118,000 shares, up from $0.72 when news of LHDGH03 was published Sept. 8.

1. Filo Mining Corp. (FLMMF:OTCMKTS), Drill Hole FSDH041

 

Commodity: Copper, gold, silver

Project: Filo del Sol

Intersection: 858 meters grading 1.8% CuEq (0.86% copper; 0.7 g/t gold, and 48.1 g/t silver) or from 188 meters below surface. The hole had an even sweeter interval of 163 meters running 2.31% copper, 2.07 g/t gold and 183 g/t silver or 5.43% CuEq.

Where: San Juan province, straddling the border between Argentina and Chile (it is subject to the Mining Integration and Complementation Treaty for cross-border projects between the twcountries).

Ownership: 100% owned by Filo Mining (about 34% of Filo is owned by the Lundin Family Trust, AKA the Lundin Group. Lukas Lundin is a director, while Adam Lundin is chairman)

Overview: This is the King Daddy Topper—Filo Mining’s FSDH041—the longest high-grade intersection yet in what is thought to be one of the feeder zones to the high-sulphidation epithermal mineralization at Filo del Sol.

The mind-blowing thing about this hole is that even after 858 mineralized meters, the hole ended in mineralization at a depth of 1,046 meters.

On May 12, Filo Mining closed at $4.13. A day later, when the news of FSDH041 reached the market, it spiked to an intraday high of $8.49 and closed at $7.69 – an 86% pop. It closed at $11.73 on Dec. 21.

Filo Mining acquired the project when it was spun out of NGEx in 2016.

FSDH041 is part of a cluster of stunning holes at Filo del Sol, which includes FSDH046, the deepest hole drilled at Filo Del Sol to date — and probably the second-best drill hole of 2021.

It returned 676 meters at 0.92% CuEq (0.57% copper, 0.34 g/t gold, and 11.3 g/t silver) from a depth of 380 meters within a longer interval of 1,378 meters running 0.71% CuEq (0.45% copper, 0.29 g/t gold, and 6.1 g/t silver) from a depth of 77.7 meters.

FSDH046 ended almost 1.6 km below surface ­– and it is not included in the current resource.

There are five drill rigs currently turning at Filo Del Sol. The company expects to add two more in 2022 to further define the sulphide resource and see how far out the mineralization extends.

After Filo published FSDH041in May, rogue mining analyst Mark Turner, editor of the controversial IKN blog, wrote: “It must be a thing to witness the core coming up (from the drill), as you know every length is adding millions of dollars to your company’s market cap. Hole of the year, period.”

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Disclosures:
1) Brian Sylvester compiled this article for Streetwise Reports LLC and provides services to Streetwise Reports as an independent contractor. He or members of his household own securities of the following companies mentioned in the article: None. He or members of his household are paid by the following companies mentioned in this article: None. His company has a financial relationship with the following companies referred to in this article: None.
2) Joe Mazumdar: I own, or my family owns, shares of the following companies mentioned in this interview: HighGold Mining. I personally am, or my family is, paid by the following companies mentioned in this interview: None.
3) Brent Cook: I own, or my family owns, shares of the following companies mentioned in this interview: HighGold Mining. I personally am, or my family is, paid by the following companies mentioned in this interview: None.
4) Eric Lemieux: I own, or my family owns, shares of the following companies mentioned in this interview: Kenorland Minerals Ltd. I personally am, or my family is, paid by the following companies mentioned in this interview: None.
5) John Kaiser: I own, or my family owns, shares of the following companies mentioned in this interview: None. I personally am, or my family is, paid by the following companies mentioned in this interview: None.
6) The following companies mentioned are billboard sponsors of Streetwise Reports: Kenorland Minerals Ltd.  Click here for important disclosures about sponsor fees.  
7) Comments and opinions expressed are those of the specific experts and not of Streetwise Reports or its officers. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security.
8) The article does not constitute investment advice. Each reader is encouraged to consult with his or her individual financial professional and any action a reader takes as a result of information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Streetwise Reports’ terms of use and full legal disclaimer. This article is not a solicitation for investment. Streetwise Reports does not render general or specific investment advice and the information on Streetwise Reports should not be considered a recommendation to buy or sell any security. Streetwise Reports does not endorse or recommend the business, products, services or securities of any company mentioned on Streetwise Reports.
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( Companies Mentioned: FLMMF:OTCMKTS,
HIGH:TSX.V; HGGOF:OTCQX,
KLD:TSX.V; 3WQO:FSE,
NGEX:TSX.V,
BUD:TXS.V,
)