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Discovery Watch with HoweStreet.com


Discovery Watch is a weekly 15-30 minute audio show produced by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with projects that have caught John's attention. The projects will not be limited to companies he has covered as Bottom-Fish and Spec Value Hunter picks and will include projects that may be of interest only because they are in the limelight. Jim and John will periodically circle back to review the projects and if necessary close them out as no longer worth watching.

Discovery Watch Audio Links
Azimut Exploration Inc (AZM-V)





Elmer Canada - Quebec 3-Discovery Delineation Au Ag Jul 29, 2020 - 0:00:01
Azimut Exploration In was introduced to Discovery Watch in September 2016 due to its minority stake in the Eleonore South project in the James Bay region of Quebec which covers the southern half of the Cheechoo intrusion where Sirios Resources Inc caught the market's imagination in early 2016 by rethinking a low grade bulk tonnage gold optionality into a potential high grade underground mineable system. Sirios started drilling the intrusion with NE oriented holes instead of SW holes and while initially this seemed to deliver high grade intervals more consistently, after several years it became apparent that the Cheechoo intrusion did not host coherent high grade zones that would lend themselves to underground mining. Sirios has since reverted to a bulk tonnage model and published a resource estimate in late 2019. Azimut's CEO Jean-Marc Lulin became the champion for Eleonore South which it had staked during the early days of the Eleonore discovery by Virginia. Work by Goldcorp and Eastmain failed to deliver a discovery because it was focused on the margins of the Cheechoo intrusion. JML focused on potential high grade zones such as Moni, but that effort grounded out just like that of Sirios. Today it is clear that Eleonore South and Sirios' Cheechoo needs to be consolidated as one property with a large open pit operation which has the support of Newmont (after acquiring Goldcorp), which is also a major shareholder of Sirios. The stick in the mud resisting a win-win proposal has been Azimut, which stopped funding its share of Eleonore South in 2018 when it decided to violate the PGFO strategy by drilling the Chromaska chromite target with its own money. Chromaska died quietly, and it looked like Azimut was a DW bust on two fronts. But in early 2019 when Midland's Mythril copper discovery ignited hopes for a base metals area play in the James Bay region Azimut's Pikwa project to the west became a DW focus after Azimut was able to swing a deal with SOQUEM to earn back a 50% interest. Mythril fizzled in H2 of 2019 when it became apparent that the very high grade copper mineralization was restricted to thin margins of dykes that weren't spaced closely enough to deliver a bulk mineable resource similar to that of the Aitik copper mine in Sweden. During 2019 Azimut focused on mapping and sampling the 20 km Copperfield Trend which projects SWW from the 10 km trend on Midland's Mythril project and established that there were major copper anomalies in the western and eastern ends of the anomaly. The middle seemed to be a dead zone though it did contain 2 prominent EM conductors, the only such anomalies within this trend. The geochemical dead zone may be due to the presence of a giant esker of glacially transported debris that obscures the bedrock. An IP survey in the East Copperfield portion yielded chargeability highs similar to those on the Mythril property to the east, which raised the question of whether Pikwa hosted more of the same marginal copper mineralization. Azimut decided to extend the IP survey west to include the EM conductors, because these could be part of a "center of gravity" for the mineralizing system where bigger zones may have evolved in this Archean setting. We are still awaiting the outcome of this IP survey and what Azimut plans next for Pikwa. Since December 2019, however, the DW focus has been on the Elmer project in the James Bay region where Azimut has demonstrated that the small 200 m by 80 m Patwon outcrop hosts 3 sets of mineralized gold veins: a set of short NW oriented Riedel type dilational veins, a set of sub-horizontal veins, and a set of NE-SW oriented veins, all occurring within what appears to be a 7 km NE trending shear structure. The high grades within the Patwon zone attracted market attention in January 2020 and Elmer was shaping up as a Discovery Watch success story. The association of pyrite with the gold prompted Azimut to conduct an IP survey which generated multiple chargeability highs of the sort associated with sulphide mineralization. Drilling resumed in late May 2020 with the first update occurring in late June after 29 new holes were drilled. Although the market initially responded positively, driving the stock as high as $3.50, the cautious wording by Azimut and the shifts in the drill location sequences of the two rigs suggested that expansion drilling was not playing out as expected. On July 27 Azimut disclosed results for holes close to Patwon which extended the strike 350 m and confirmed mineralization persists to a depth of 200 m. But it is disrupted to the SW and in the NE direction where holes not discussed are pending and where the IP chargeability anomaly is low rather than high. In fact, early holes drilled in ELM-1 where the IP anomaly is strong were not prioritized for assaying. During July Azimut drilled only 7 more holes, most of them in the other ELM IP anomalies. 18 holes were still being logged and assays are unlikely before September. The DW premise was that the Patwon zone would repeat itself along the 7 km shear, most of which is covered by swamp or overburden, with IP anomalies highlighting targets. It now looks like IP is not highlighting gold zones, so until we learn more about the geology and gold controls, the Elmer play is focused on definition drilling of the Patwon zone for a possible open pit scenario and chasing this style of mineralization deeper for an underground scenario. Elmer qualifies as a discovery, but for now it is not a game changing development for the gold potential of the James Bay region. (Jul 29, 2020)
Galway Metals Inc (GWM-V)





Clarence Stream Canada - New Brunswick 4-Infill & Metallurgy Au Jul 29, 2020 - 0:09:21
Galway Metals Inc was introduced to Discovery Watch in February 2020 based on its effort to demonstrate that the Clarence Stream gold project in New Brunswick is a multi-million ounce gold district with both open-pittable and high grade underground mining potential. It was a grassroots discovery in 1999 by Mac Watson's Freewest which along with successors never went much beyond the North and South zones for which a resource of 432,000 tonnes of 6.56 g/t gold was generated (about 100,000 ounces). Galway acquired Clarence Stream in 2016 and for the past 3 years has struggled to gain market respect for Mike Sutton's idea that it hosts a district of multiple intrusion related gold systems on both sides of the regional George Sawyer Fault which separates two ages of meta-sediments that have been intruded by younger granites which created the structural setting for gold deposition within veins along their flanks. Key to the optimism are widespread gold in till and soil anomalies north and south of the fault (the North and South zones are on opposite sides of the fault). In late 2017 Galway discovered the trend 7 km southwest of the original North-South Zones defined by the sequence of the George Murphy, Richard and Jublilee zones within a 4 km trend. Due to the complex nature of the vein sets the market has had a tough time connecting drill hole dots to visualize emerging ounce footprints, which was not helped by tight budgets during the past few years. But in 2020 a rising gold price prompted Galway to adopt a more aggressive strategy which now involves 5 drill rigs, 3 of them infill stitching together the Jubilee-Richard-GM segment with infill drilling which will become the basis for a resource estimate in Q1 of 2021, and 2 rigs "wildcatting" at the northern and southern limits of the infill focus. The open-endedness of this district play whose destiny Galway was controlling through geology smarts and drilling appealed to the market against the backdrop of a rising gold price, enabling Galway to raise $17 million in June 2020 at $0.44-$0.64 for common and flow-thru which boosted its treasury to $22 million, more than enough to carry its strategy well into 2021. On June 24 Galway reported 0.5 m of 186.5 g/t gold (6 opt) for hole #38 at the southern end where there seems to be a cross structure associated with a high gold in soil anomaly. On July 29 Galway reported that hole #65 drilled as an expansion hole to the NE of the George Murphy Zone unexpectedly intersected repeated visible gold over 14 m d=near the bottom of the hole. When you look at the geological context, #65 appears to have intersected a new zone parallel to the Jubilee-George Murphy trend which itself flanks the southeastern margin of a granite intrusive which is 400-500 m wide where it outcrops and about 2,000 m long. No holes have been drilled on the northern flank. So for the moment the market is wondering if hole 65's VG interval is evidence of a mirror trend on the other side of the granite intrusive. Although Galway describes its 2 rigs as "wildcatting", this is not the same as testing isolated targets elsewhere on the property, if which there are plenty with geochemical support. These wildcat rigs are groping beyond the known mineralization, which makes it unlikely that Galway will pull a job dropping discovery hole signaling a major new zone. That suits the current market fine, because despite the awakening bull, it remains fearful that all will soon enough end, so a district play undergoing a major rethink that incrementally keeps getting better suits the market just fine. (Jul 29, 2020)
Midas Gold Corp (MAX-T)





Stibnite United States - Idaho 7-Permitting & Feasibility Au Sb Jul 29, 2020 - 0:16:56
Midas Gold Corp has been a regular Discovery Watch feature since January 2017, not because there was any new mineralization to be discovered at the Stibnite gold-antimony project in Idaho, but rather because we were curious to discover if CEO Stephen Quin with John Paulson's financial backing in early 2016 could overcome the market's glum view that Idaho would never permit an open pit mine in an area that was turned into an environmental disaster zone by mining for antimony to support the World War II effort, and later by gold miners who were no longer around when Nixon invented the EPA in the 1970's to put an end to cost dumping by proponents of unfettered free market capitalists whose bible was "fuck the losers" Ayn Rand rather than "we are all in this together" Adam Smith. And boy oh boy, has it ever been a journey of discovery with regard to regulatory incompetence led by the Forest Service as the timeline for a draft Environmental Impact Statement kept slipping into the future like that Steve Miller song. Midas as of the end of 2019 has spent USD $53 million on permitting out of $210 million overall, and CEO Stephen Quin has suggested to me the total will be $70 million when a mining permit is finally granted. The last economic study was a PFS in December 2014 which was lousier than the 2012 PEA because certain parts of the deposits lacked the drill density needed to support a PFS calibre ore schedule, so half the antimony output disappeared, as did a good part of the high grade front loading of the ore mining schedule. The outcome of the PFS was not impressive because it used a $1,350 gold price as a base case to support an after tax NPV of US $832 million and 23.4% IRR using a 5% discount rate. The IRR was fine, but the NPV not so good because CapEX was $970 million thanks to a pressure oxidation unit needed to deal with the refractory sulphide ore. But even worse, gold was below $1,300 most of the time until mid 2019 when it finally began to rise as the world became uncertain about America's leadership role in a world where China under emperor for life Xi Jinping had since 2012 embarked on a course that clearly dashed any hope that China's prosperity would eventually make it "just like us", even as the US under its own leadership was setting America on a path to become just like "them". One reason the timeline for a draft EIS kept being extended was that the Forest Service simply lacked the processing infrastructure to permit a mine that would produce 350,000 ounces gold annually, turning this into a learning how to properly approve a mine on the fly experience. The other reason was that Trump's deregulatory zeal was undermined by strategic incompetence that inflicted an unnecessary government shutdown and which later enabled the Wuhan Virus to become the self-gutting America Virus. But it finally looks like a draft EIS is on track to be accepted in August 2020, which will be followed by a 45 day comment period during which objectors opposed to mining will try to demonstrate that the Forest Service and related agencies are too incompetent or corrupted to have done their job properly. Knowing the quality of the Midas team and the sincerity of the regulators to do the job properly to support a reclamation project bankrolled by a gold mine, these comments should not prove more than fodder for late night comedy, enabling Midas to publish a feasibility study in Q4 of 2020 which incorporates the cost of all the changes generated by the permitting process. A record of decision is expected in late 2021, namely a permit to proceed with construction of the Stibnite Mine whose antimony by-product will bail America out of a serious security of supply problem should the escalating "new cold war" with China disrupt the supply of raw materials in which China dominates. At $1,900 plus gold Stibnite will be very much in the money, even if CapEx expands 30%, and if you dare to dream $3,000 gold, you are looking at a $10-$15 future price target. (Jul 29, 2020)
Disclosure: JK does not own any of the companies mentioned; Azimut and Galway are Fair Spec Value rated Favorites, Midas is a Good Spec Value rated Favorite

Discovery Watch Episodes
July 29, 2020Azimut (Elmer), Galway (Clarence Stream), Midas Gold (Stibnite)
July 22, 2020Sonoro (Cerro Caliche), Zephyr (El Plomo), FPX Nickel (Decar)
July 15, 2020NioBay (James Bay), Opus One (Noyell), Wolfden (Pickett Mtn)
July 2, 2020Galway Metals (Clarence Stream), Azimut(Elmer), Eskay Mining (SIB-Lulu)
June 25, 2020Golden Goliath (Kwai), Amex (Perron), MG Capital (DD)
June 18, 2020Zephyr (El Plomo), Dios (K2), Central Timmins (Silver Reef)
June 11, 2020Eagle Plains (Vulcan), Renaissance Gold (Ferguson Mtn), Camino (Los Chapitos)
June 4, 2020Nevada Expl (Kelly Creek), Wolfden (Pickett Mtn), Pacific Empire (Worldstock)
May 28, 2020Scandium Intl (Nyngan), Great Bear (Dixie), Golden Goliath (Kwai)
May 22, 2020NuLegacy (Red Hill), Taiga Gold (Fisher), Zephyr (El Plomo)
May 14, 2020Clean TeQ (Sunrise), FPX Nickel (Decar), Scandium Intl (Nyngan)
May 7, 2020Forum Energy (Janice Lake), Midland (Mythril), NioBay (James Bay)
April 30, 2020Northern Shield (Shot Rock), Galway Metals (Clarence Stream), Azimut (Pikwa)
April 23, 2020Taiga Gold (Fisher), Eagle Plains (Vulcan), Scandium Intl (Nyngan)
April 15, 2020Azimut (Elmer), VR Res (Big Ten), Midas Gold (Stibnite)
April 8, 2020Aurion (Risti), Nevada Expl (South Grass Valley), NioBay (James Bay)
March 26, 2020Opus One (Noyell), NioBay (James Bay), Verde Agritech (Cerrado Verdete)
March 19, 2020VR Res (Ranoke), Azimut (Elmer), Midas Gold (Stibnite)
February 27, 2020FPX Nickel (Decar), Forum Energy (Love Lake), NuLegacy (Red Hill)
February 20, 2020De Grey (Mallina), Azimut (Elmer), Galway Metals (Clarence Stream)
February 13, 2020Adamera (Cooke Mtn), VR (Ranoke), Osino (Karibib)
February 6, 2020Namibia Critical Metals (Lofdal), Scandium Intl (Nyngan), Golden Goliath (Kwai-SLF)
January 30, 2020Sun Metals (Stardust), Forum Energy (Janice Lake), Nevada Expl (South Grass Valley)
January 23, 2020Azimut (Elmer), Taiga Gold (Fisher), Zephyr (Dawson-Green Mtn)
January 9, 2020Nevada Expl (South Grass Valley), NioBay (Niobium), FPX Nickel (Decar)
December 19, 2019Clean TeQ (Sunrise), Scandium Intl (Nyngan), FPX Nickel (Decar)
December 11, 2019Westhaven (Shovelnose), Azimut (Elmer), Sirios (Cheechoo)
December 4, 2019Highway 50 (Monroe), Rugby (Cobrasco), Tri Origin (Sky Lake)
November 27, 2019Wolfden (Pickett Mtn), Atac (Rau), Great Bear (Dixie)
November 21, 2019Nevada Expl (South Grass Valley), Scandium Intl (Nyngan), Verde Agritech (Cerrado Verde)
November 13, 2019Skeena (Eskay Creek), Eskay Mining (Corey), Frum (Janice Lake)
November 5, 2019NioBay (James Bay), Tri Origin (South Abitibi), Namibia Critical (Lofdal)
October 24, 2019Sirios (Cheechoo), Osisko Mining (Windfall), Midland (Mythril)
October 16, 2019Great Bear (Dixie), Azimut (Pikwa), Westhaven (Shovelnose)
October 11, 2019Sun Metals (Stardust), Solstice Gold (Kahuna), Renaissance Gold (Ferguson Mtn)
September 27, 2019Barrick (Fourmile), NuLgeacy (Red Hill), Nevada Expl (South Grass Valley)
September 17, 2019Zephyr (Dawson-Green Mtn), Highway 50 (Monroe), Balmoral (Fenelon South)
September 10, 2019Great Bear (Dixie), 92 Resource Corp (Crovette-FCI), Westhaven (Shovelnose)
September 3, 2019Sun Metals (Stardust), Westhaven (Shovelnose), Orestone (Captain)
August 23, 2019Highway 50 (Golden Brew), PJX (Vine), FPX Nickel (Decar)
August 14, 2019Atac (Rackla-Rau), Uravan (cannabis RTO), Sun Metals (Stardust)
August 8, 2019Midland (Mythril), Nevada expl (South Grass Valley), Balmoral (Fenelon South)
July 24, 2019Atac (Rau), Golden Predator (Brewery Creek), Scandium Intl (Nyngan)
July 11, 2019Sun Metals (Stardust), Great Bear (Dixie), Aurion (Risti)
July 4, 2019Nevada Expl (South Grass Valley), Golden Predator (Brewery Creek), NioBay (James Bay)
June 26, 2019Novo (Karratha), Golden Predator (Brewery Creek), Rugby (Motherlode)
June 19, 2019Alexandria (Cadillac Break), Midland (Mythril), Wolfden (Pickett Mtn)
June 12, 2019Uravan (Stewardson), Eastfield (Zymo), Tri Origin (North Abitibi)
June 6, 2019Verde Agritech (Cerrado Verde), InZinc (Indy), Midas (Stibnite)
May 31, 2019Nevada Expl (South Grass Valley), Quebec Precious Metals (Kipawa), Westhaven (Shovelnose)
May 22, 2019Midland (Mythril), Scandium Intl (Nyngan), Namibia Critical (Lofdal)
May 14, 2019Osisko Metals (Pine Point), GT Gold (Tatogga), Forum (Janice Lake)
May 8, 2019Radius (Amalia), Harfang (Serpent), Zephyr (Dawson-Green Mtn)
May 2, 2019Midland (Mythril), Quebec Precious Metals (Sakami), Sonoro (Cerro Caliche)
Apr 25, 2019Westhaven (Shovelnose), 92 Res (Corvette-FCI), Colonial Coal (Hugenout)
Apr 16, 2019Midland (Mythril), Azimut (Pikwa), Sun Metals (Stardust)
Apr 9, 2019Highway 50 (Golden Brew), Niobay (James Bay), Solstice (Kahuna)
Apr 4, 2019Wolfden (Pickett Mtn), PJX (Vine), Midland (Mythril)
Mar 12, 2019Nevada Expl (South Grass Valley), Midland (Mythril), PJX (Vine)
Feb 26, 2019Klondike Silver (Silvana), Nevada Expl (South Grass Valley), Azimut (Pikwa)
Feb 20, 2019Minaurum (Alamos), Taiga (Fisher), Sirios (Cheechoo)
Feb 14, 2019Renaissance Gold (Ecru), Pacton Gold (Egina-Friendly Creek), Midland (Mythril)
Feb 5, 2019Midas Gold (Stibnite), Sun Metals (Stardust), NioBay (James Bay)
Jan 30, 2019Osisko Metals (Pine Point), Wesdome (Kiena), Nevada Expl (South Grass Valley)
Jan 24, 2019Serengeti (Kwanika), Nevada Expl (South Grass Valley), Westhaven (Shovelnose)
Jan 15, 2019Great bear (Dixie), Atac (Rackla-Rau), PJX (Vine)
Jan 8, 2019Scandium intl (Nyngan), Wolfden (Pickett Mtn), Sun Metals (Stardust)
Dec 18, 2018Nevada Expl (South Grass Valley), Westhaven (Shovelnose), Scandium intl (Nyngan)
Dec 12, 2018Atac (Orion), Great Bear (Dixie), Osisko Metals (Pine Point)
Dec 4, 2018Alexco (Keno Hill), Scandium Intl (Nyngan), Nevada expl (South Grass Valley)
Nov 20, 2018GT Gold (Tatogga), Eskay Mining (SUB-Lulu), Highway 50 (Monroe)
Nov 14, 2018InZinc (Indy), Serengeti (Kwanika), Sun Metals (Stardust)
Nov 6, 2018Renaissance Gold (Ecru), Nevada Expl (South Grass Valley), Avrupa (Alvito)
Nov 1, 2018Sun Metals (Stardust), Westhaven (Shovelnose), Serengeti (Kwanika), Westhaven (Shovelnose), Novo (Egina)
Oct 23, 2018Serengeti (Kwanika), Westhaven (Shovelnose), Midland (Mythril)
Oct 15, 2018Niocorp (Elk Creek), Great Bear (Dixie), Nevada Expl (South Grass Valley)
Oct 10, 2018Highway 50 (Monroe), RenGold (Ecru), GT Gold (Tatogga)
Oct 2, 2018Scandium Intl (Nyngan), Nevada Expl (South Grass Valley), Great Bear (Dixie)
Sept 25, 2018Royal Nickel (Beta Hunt), Aurion (Risti), Scandium Intl (Nyngan)
Sept 18, 2018Royal Nickel (Beta Hunt), Novo (Kangan), Peregrine (Chidliak)
Sept 11, 2018GT Gold (Tatogga), Skeena (Eskay Creek), Royal Nickel (Beta Hunt Mine)
Sept 5, 2018NuLegacy (Iceberg), Great Bear (Dixie), Sun Metals (Stardust)
August 28, 2018InZinc (West Desert), Skeena (Snip), Scandium Intl (SCY-T)
August 23, 2018Aben (Forrest Kerr), Titan Mining (Empire State), Wolfden (Pickett Mtn)
August 13, 2018Aben (Forrest Kerr), Peregrine (Chidliak), Nevada Expl (South Grass Valley)
August 7, 2018Northern Empire (Sterling), Renaissance Gold (Ecru), Highway 50 (Monroe)
July 30, 2018Alexandria Minerals (Cadillac Break), InZinc (West Desert), Eskay Mining (SIB-Lulu)
July 23, 2018Renaissance Gold (South Roberts), Eskay Mining (SIB-Lulu), Peregrine Diamonds (Chidliak)
July 9, 2018Alexandria (Cadillac Break), Metanor (Barry), Pacton (Bellarrmy Dome)
June 25, 2018Playfair (Ox Mtn), Osisko Metals (Pine Point), Clean TeQ (Sunrise)
June 18, 2018Arizona Mining (Hermosa-Taylor), InZinc (West Desert), Sun Metals (Stardust)
June 11, 2018Alexandria (Cadillac Break), Ivanhoe (Kamoa-Kakula), InZinc (West Desert)
June 4, 2018Novo (Comet Well), Peregrine (Chidliak), Playfair (Ox Mtn)
May 29, 2018NV Gold (ATV), Pacton Gold (Arrow), Bluebird (Canegrass)
May 22, 2018Mineral Mtn (Rochford), Verde Agritech (Cerrado Verde), Namibia rare Earths (Kunene), Eagle Plains (Iron Range), Lorraine Copper (Stardust)
May 17, 2018Midas Gold (Stibnite), Osisko Mining (Windfall), Eskay Mining (SIB-Lulu)
May 7, 2018Mineral Mtn (Rochford), FPX Nickel (Decar), Toachi (La Plata)
Apr 30, 2018Eagle Plains (Iron Range), Novo (Comet Well), Scandium Intl (Nyngan)
Apr 23, 2018Arizona Silver (Ramsey), Toachi (La Plata), InZinc (West Desert)
Apr 16, 2018Colorado (KSP), Adamera (Cooke Mtn), Namibia Rare Earths (Kunene)
Apr 9, 2018NV Gold (ATV), Azimut (Chromaska), Avrupa (Alvito)
Apr 3, 2018Alexandria (Cadillac Break), Goldquest (Romero), Eagle Plains (Fisher)
Mar 26, 2018Tri Origin (South Abitibi), Mineral Mtn (Rochford), Renaissance Gold (South Roberts)
Mar 19, 2018Novo (Comet Well), Adamera (Cooke Mtn), Rainy Mtn (Brunswick), NV Gold (ATV)
Mar 12, 2018Colorado (KSP), Scandium Intl (Nyngan), Verde Agritech (Cerrado Verde)
Mar 2, 2018Artemis (Elysian), FPX (Decar), Ivanhoe (Kamoa-Kakula), Clean TeQ (Sunrise), Namibia Rare Earths (Kunene), Tsodilo (BK16)
Feb 23, 2018Peregrine (Chidliak), Probe (Val D'Or East), Novo (Comet Well)
Feb 16, 2018Adamera (Cooke Mtn), NV Gold (ATV), Peregrine (Chidliak)
Feb 9, 2018Osisko (Windfall), Metanor (Barry), Beaufield (Urban-Windfall), Opus (Fecteau)
Feb 2, 2018Ivanhoe (Kamoa-Kakula), Clean TeQ (Sunrise), Scandium Intl (Nyngan)
Jan 26, 2018Scandium Intl (Nyngan), Aurion (Risti), Minaurum (Alamos)
Jan 19, 2018Azimut (Eleonore South), InZinc (West Desert), Nevada Expl (Kelly Creek), Serengeti (Kwanika), Toachi (La Plata), Skeena (Snip)
Jan 15, 2018Cariboo Rose (Cdn Creek), Lorraine Copper (Stardust), Serengeti (UDS), Eagle Plains (Fisher)
Jan 5, 2018Aurania (Lost Cities), Alto (Oxford Lake), Midas (Stibnite)
Dec 29, 2017Redstar (Unga), Aurania (Lost Cities), Toachi (La Plata)
Dec 22, 2017Novo (Purdy's Reward), Artemis (Elysian), De Grey (Indee), Kairos (Croydon)
Dec 15, 2017Clean TeQ (Sunrise), Scandium Intl (Nyngan), Novo (Purdy's Reward)
Dec 8, 2017Nevada Expl (Kelly Creek), Carlin Gold (Cortez Summit), NuLegacy (Iceberg), NV Gold (ATV), Adamera (Cooke Mtn), Renaissance Gold (Jupiter), Bravada (Wind Mtn)
Dec 1, 2017Mineral Mtn (Rochford), Peregrine (Chidliak), Novo (Purdy's Reward)
Nov 24, 2017Novo (Purdy's Reward), Arizona Silver (Ramsey), Verde Agritech (Cerrado Verde), InZinc (West Desert)
Nov 17, 2017Canalaska (West McArthur), Uravan (Stewardson), Tsoldio (BK16), Novo (Purdy's Reward), Artemis (Elysian)
Nov 7, 2017Artemis (Purdy's Reward), VR Res (Bonita), Crystal Expl (Contowyto), Alto (Oxford Lake), Mineral Mtn (Rochford)
Oct 27, 2017Adamera (Cooke Mtn), NV Gold (ATV), Carlin Gold (Cortez Summit), Artemis (Purdy's Reward)
Oct 20, 2017Azimut (Eleonore South), Adamera (Cooke Mtn), Novo (Karratha), Artemis (Purdy's Reward)
Oct 13, 2017Nevada Expl (South Grass Valley), InZinc (West Desert), Clean TeQ (Syerston), Novo (Karratha)
Oct 6, 2017Serengeti (kwanika), Fjorland (South Voisey's Bay), Inventus (Pardo), Novo (Karratha)
Sept 30, 2017Aurion (Risti), Scandium Intl (Kiniviemi), Novo (Karratha), De Grey (Pilbara-Indee), Chalice Gold (West Pilbara)
Sept 22, 2017GT Gold (Tatogga), Arizona Silver (Ramsey), Scandium Intl (Nyngan), Minaurum (Alamos). Novo (Karratha)
Sept 13, 2017Novo (Karratha), GT Gold (Tatogga), Aben (Forrest Kerr), InZinc (Indy), Nevada Expl (South Grass Valley), Camino (Los Chapitos), Inventus (Pardo), Vendetta (Pegmont), Colorado (KSP), Defiance (San Acacio), VR (Bonita)
Sept 7, 2017Independence Gold (Boulevard), Cariboo Rose (Cdn Creek), Novo (Karratha), Inventus (Pardo)
Sept 1, 2017Canalaska (West McArthur), Uravan (Stewardson), Fjordland (South Voisey's Bay), GT Gold (Tatogga), Novo (Karratha)
Aug 25, 2017Camino (Los Chapitos), InZinc (West Desert), Endurance (Elephant Mtn), Peregrine (Chidliak), Novo (Karratha)
Aug 18, 2017NuLegacy (Iceberg), Scandium Intl (Nyngan), Novo (Karratha)
Aug 4, 2017Aurion (Risti), Peregrine (Chidliak), Auriana (Lost Cities), Novo (Karratha)
Aug 1, 2017Serengeti (Kwanika), San Marco (Chunibas), GT Gold (Tatogga), Colorado (KSP), Eskay Mining (SIB-Lulu), Novo (Karratha)
July 21, 2017Azimut (Eleonore South), Camico (Los Chapitos, Novo (Karratha)
July 17, 2017Sirios (Cheechoo), Osisko Mining (Windfall), GFK (Fecteau), Rainy Mountain (Brunswick)
July 10, 2017Arizona Silver (Ramsey), Eskay Mining (SIB-Lulu), Highway 50 (Monroe), Peregrine (Chidliak)
June 30, 2017Vendetta (Pegmont), Lorraine Copper (Lustdust), Midas Gold (Stibnite)
June 23, 2017Tsodilo (BK16), Highway 50 (Monroe), NuLegacy (Iceberg), Carlin Gold (Cortez Summit), Nevada Expl (Kelly Creek Basin), NV Gold (ATV)
June 16, 2017Scandium Intl (Nyngan), Camino (Los Chapitos), Adamera (Cooke Mtn), San Marco (Chunibas)
June 9, 2017Arizona Mining (Hermosa-Taylor), Midas Gold (Stibnite), Scandium Intl (Nyngan), Blind Creek (Engineer)
June 2, 2017Arizona Silver (Ramsey), Verde Agritech (Cerrado Verde), Alexandria (Cadillac Break), Kivalliq (Baffin Gold)
May 26, 2017Camino (Los Chapitos), Mineral Mountain (Rochford), Rainy Mountain (Brunswick), Alto (Oxford Lake), Arizona Silver (Ramsey)
May 19, 2017Arizona Silver (Ramsey), Integra (Lamaque), Arizona Mining (Hermosa-Taylor), Defiance Silver (San Acacio), Highway 50 (Monroe), First Point (Decar)
May 12, 2017Scandium Intl (Nyngan), Arizona Silver (Ramsey), Adamera (Cooke Mtn), Crystal Expl (Muskox), Sphinx (Cheecho-Eleonore Trend)
May 3, 2017Arizona Mining (Hermosa-Taylor), Vendetta (Pegmont), Camino (Los Chapitos), Azimut (Eleonore South), Verde Agritech (Cerrado Verde)
April 28, 2017Camino (Los Chapitos), Eskay Mining (SIB-Lulu), Scandium Intl (Nyngan), GT Gold (Tatogga)
April 21, 2017Arizona Mining (Hermosa-Taylor), InZinc (West Desert), Adamera (Cooke Mtn), Camino (Los Chapitos), Arizona Silver (Ramsey)
April 14, 2017Osisko Mining (Windfall), Metanor (Barry), Beaufield (Urban-Barry), GFK (Fecteau), Ivanhoe (Kakula), Atac (Rackla-Orion)
April 7, 2017Arizona Mining (Hermosa-Taylor), Serengeti (Kwanika), Highway 50 (Monroe), Engold (Lac la Hache)
March 31, 2017Exeter (Caspiche), Adamera (Cooke Mtn), Arizona Mining (Hermosa-Taylor), Eskay Mining (SIB-Lulu)
March 24, 2017Wesdome (Kiena), Ivanhoe (Kamoa-Kakula), Mineral Mtn (Rochford), Alto (Oxford Lake)
March 17, 2017Canstar (Kenora), Tri Origin (South Abitibi), Monarques (Croinor), Mineral Mtn (Rochford)
March 10, 2017Goldquest (Romero), Probe (Val D'Or East), Scandium Intl (Nyngan), Uravan (Stewardson), Goldstrike (Plateau), Nevada Expl (Kelly Creek)
March 3, 2017Clean TeQ (Syerston), Rainy Mtn (Brunswick), San Marco (Chunibas), Osisko (Windfall), Beaufield (Urban-Windfall), GFK (Fecteau), Lorraine (Lustdust)
February 24, 2017Midas Gold (Stibnite), Tsodilo (BK16), Clean TeQ (Syerston), Camino (Los Chapitos)
February 17, 2017Verde Agritech (Cerrado Verde), Clean TeQ (Syerston), Canstar (Kenora)
February 10, 2017Nighthawk (Colomac), Rainy Mountain (Brunswick), Wesdome (Kiena), Aurion (Risti)
February 3, 2017First Point (Decar), Callinex (Pine Bay), Integra Gold (Lamaque), Adamera (Cooke Mountain)
January 27, 2017Sirios (Cheechoo), NuLegacy (Iceberg), InZinc (West Desert)
January 13, 2017Arizona Mining (Hermosa-Taylor), Goldquest (Romero), Scandium Intl (Nyngan), Rainy Mountain (Brunswick)
January 5, 2017Midas Gold (Stibnite), Nighthawk (Colomac)
December 30, 2016Canalaska (AKP), Fjordland (AKP), Northern Shield (Sequoi), Arizona Mining (Hermosa-Taylor), Scandium Intl (Nyngan)
December 13, 2016Arizona Mining (Hermosa-Taylor), InZinc (West Desert), Tsodilo (BK16)
December 9, 2016Playfair (Ox Mountain), Sirios (Cheechoo), Probe (Val D'Or East)
November 25, 2016NuLegacy (Iceberg), Northern Shield (Sequoi), San Marco (Chunibas), Radisson (O'Brien)
November 18, 2016Scandium Intl (Nyngan), Serengeti (Kwanika), Wesdome (Kiena)
November 9, 2016Callinex (Pine Bay), GoldQuest (Romero), First Point (Decar), CleanTeQ (Syerston), Scandium Intl (Nyngan)
November 4, 2016Arizona Mining (Hermosa-Taylor), Azimut (Eleonore South), Sirios (Cheechoo), Endurance (Elephant Mtn), Playfair (Ox Mountain), Monarque Gold (Croinor)
October 27, 2016Redstar (Unga), Serengeti (UDS), InZinc (Indy), Crystal (Muskox), Tsodilo (BK16)
October 21, 2016Tri Origin (South Abitibi), Callinex (Pine Bay), Vendetta (Pegmont), Playfair (Ox Mountain)
October 13, 2016Uravan (Outer Ring), Independence (Boulevard), Ivanhoe (Kamoa-Kakula), Clean TeQ (Syerston), Coro (Marimaca)
October 6, 2016Sirios (Cheechoo), Azimut (Eleonore South), Canalaska (AKP), Uravan (Outer Ring), Endurance (Elephant Mountain), Redstar (Unga)
October 3, 2016Wesdome (Kiena), Transition Metals (Aer-Kidd), Goldquest (Romero), Independence (Boulevard)
September 22, 2016Serengeti (Kwanika), Arizona Mining (Hermosa-Taylor), InZinc (West Desert), Defiance (San Acacio), Skeena (Snip)
September 15, 2016Uravan (Outer Ring), Canalaska (AKP-De Beers), Fjordland (Western Athabasca), NuLegacy (Iceberg), Serengeti (Kwanika)
September 9, 2016Arizona Mining (Hermosa-Taylor), Azimut (Eleonore South), Nevada Expl (South Grass Valley), Sirios (Cheechoo)
September 6, 2016Introduction to Discovery Watch

Discovery Watch Company-Projects

Aben Resources Ltd (ABN-V)





Forrest Kerr Canada - British Columbia 3-Discovery Delineation Au Ag Cu Sep 13, 2017 - 0:05:38

Aug 13, 2018 - 0:00:00

Aug 23, 2018 - 0:00:00
Every summer the market gets excited about who might deliver a big discovery in the Golden Triangle. Aben Resources Ltd is one of those juniors which spends a fair amount on both exploration and promotion which means that since 2016 the stock has had a seasonal speculation cycle that enables Aben to reload the treasury every year. Aben does like to provide some variety, but last year's effort at the Chico project in Saskatchewan near the Fisher gold vein project SSR has under option from Taiga ran into surprise opposition from the local First Nations group. So in 2019 Aben is doing a small program on the Justin property adjacent to the 3 Aces property of Golden Predator before returning to Forrest Kerr for another shot at finding a high grade zone that hangs together enough to qualify as a discovery. (Jul 8, 2019)
Adamera Minerals Corp (ADZ-V)





Cooke Mountain United States - Washington 2-Target Drilling Au Feb 3, 2017 - 0:15:51

Mar 31, 2017 - 0:05:09

Apr 21, 2017 - 0:12:20

May 12, 2017 - 0:08:32

Jun 16, 2017 - 0:16:47

Oct 20, 2017 - 0:05:05

Oct 27, 2017 - 0:00:00

Dec 8, 2017 - 0:23:56

Feb 16, 2018 - 0:00:00

Mar 19, 2018 - 0:10:47

Apr 16, 2018 - 0:09:41

Feb 13, 2020 - 0:00:01

Alexandria Minerals Corp (AZX-V)





Cadillac Break Canada - Quebec 4-Infill & Metallurgy Au Jun 2, 2017 - 0:12:49

Apr 3, 2018 - 0:00:00

Jun 11, 2018 - 0:00:00

Jul 9, 2018 - 0:00:00

Jul 30, 2018 - 0:00:00

Jun 19, 2019 - 0:00:00
Alexandria Minerals Corp caught my attention in 2017 when I heard Eric Owens explain his new theory about the orientation of the vein sets within the Orenada 4 Zone on the Cadillac Break property which straddles 35 km of the Cadillac-Larder Lake crustal scale fault east of Val D'Or with which much of Quebec's Abitibi greenstone belt derived gold production is associated. But the main regional fault related to these orogenic vein deposits never has gold in it because it is like a freeway; it is the lesser roads that splay off of it that accumulate the gold, usually a bit of distance from the freeway. Alexandria's Cadillac Break property did have gold zones, but they never reached critical mass makig them worth developing. Owens got his Orenada idea from the Sigma-Lamaque project adjoining north of the western end of the Cadillac Break property where the Integra team was able to show that the Triangle zone was considerably better endowed with goal when drilled so as to intersect the vein sets on a perpendicular. Bay Street bought into the story in 2017 through a series of large $0.05-$0.06 unit financings on top of a capital structure that had already bloated over 200 million shares since the bear market began in 2011. But the overhang kept Alexandria stuck in the mud, which only worsened as crypto and cannabis began to distract Bay Street and its insitutional clients later that year. The financiers behind the 2017 funding tried to engineer an exit strategy through a merger with another considerably more highly valued junior in the area, but Owens, the founder of Alexandria, wanted to do one more major cheap financing to finish the exploration job. This turned into a nasty proxy battle as the no-skin-in-game board members loaned themselves out to the Bay Street thugs who wanted the merger. Owens lost the battle in 2018 and the triumphant board celebrated by telling shareholders that lo and behold Cadillac Break's gold potential sucked and the company was broke because of all the money pissed away on legal fees. With only undertakers in charge Alexandria turned into a DW dud. In 2019 the board took steps to euthanize the junior by offering it up for acquisition by O3 Mining, the new bin for the prospects Osisko Mining was spinning out to prepare Windfall for a buyout. The $0.04 paper bid was trumped by a $0.05 cash or stock bid from Agnico-Eagle, but the board accepted a "superior" offer from O3 Mining which implies $0.07 per share at the $3.88 price O3 is financing itself at. Since O3 is not yet trading we do not know what is the true price at which Alexandria is being euthanizedd. (Jul 11, 2019)
Alexco Resource Corp (AXU-T)





Keno Hill Canada - Yukon Territory 6-Prefeasibility Ag Pb Zn Au Dec 4, 2018 - 0:00:00

Alto Ventures Ltd (ATV-V)





Oxford Lake Canada - Manitoba 3-Discovery Delineation Au Mar 24, 2017 - 0:11:50

May 26, 2017 - 0:12:41

Nov 7, 2017 - 0:18:39

Jan 5, 2018 - 0:17:01

Amex Exploration Inc (AMX-V)





Perron Canada - Quebec 4-Infill & Metallurgy Au Jun 25, 2020 - 0:10:59

Arizona Mining Inc (AZ-T)





Hermosa-Taylor United States - Arizona 7-Permitting & Feasibility Zn Pb Ag Cu Sep 8, 2016 - 0:12:00

Sep 22, 2016 - 0:04:02

Nov 4, 2016 - 0:00:00

Dec 13, 2016 - 0:00:00

Dec 30, 2016 - 0:11:52

Jan 13, 2017 - 0:00:00

Mar 31, 2017 - 0:15:50

Apr 7, 2017 - 0:00:00

Apr 21, 2017 - 0:00:00

May 3, 2017 - 0:00:00

May 19, 2017 - 0:17:35

Jun 9, 2017 - 0:00:00

Jun 18, 2018 - 0:00:00

Arizona Silver Exploration Inc (AZS-V)





Ramsey United States - Arizona 2-Target Drilling Ag Pb Zn Apr 21, 2017 - 0:23:10

May 12, 2017 - 0:04:17

May 19, 2017 - 0:00:00

May 26, 2017 - 0:17:41

Jun 2, 2017 - 0:00:00

Jul 10, 2017 - 0:00:00

Sep 22, 2017 - 0:03:03

Nov 24, 2017 - 0:10:52

Apr 23, 2018 - 0:00:00

Artemis Resources Ltd (ARV-ASX)





Purdy's Reward JV Australia - Western Australia 3-Discovery Delineation Au Oct 20, 2017 - 0:24:09

Oct 27, 2017 - 0:18:52

Nov 7, 2017 - 0:00:00
Elysian Australia - Western Australia 2-Target Drilling Au Nov 17, 2017 - 0:23:25

Dec 22, 2017 - 0:12:57

Mar 2, 2018 - 0:00:00

Atac Resources Ltd (ATC-V)





Rackla - Orion Canada - Yukon Territory 2-Target Drilling Au Ag Apr 17, 2017 - 0:16:40

Dec 12, 2018 - 0:00:00
Rackla Rau Canada - Yukon Territory 5-PEA Au Ag Pb Zn Cu Jan 15, 2019 - 0:19:01

Jul 24, 2019 - 0:00:00

Aug 14, 2019 - 0:00:00

Nov 27, 2019 - 0:15:31

Aurania Resources Ltd (ARU-V)





Lost Cities - Cutucu Ecuador 2-Target Drilling Au Ag Aug 4, 2017 - 0:08:06

Dec 29, 2017 - 0:08:41

Jan 5, 2018 - 0:00:00

Aurion Resources Ltd (AU-V)





Risti Finland 3-Discovery Delineation Au Feb 10, 2017 - 0:11:43

Aug 4, 2017 - 0:00:00

Sep 30, 2017 - 0:00:00

Jan 26, 2018 - 0:17:15

Sep 25, 2018 - 0:13:44

Jul 11, 2019 - 0:13:56

Apr 8, 2020 - 0:00:01
Aurion Resources Ltd caught our attention early 2017 when the company reported a field of quartz boulders on its Risti project in the Central Lapland greenstone belt of northern Finland that included boulders with visble high grade gold. The angular nature of the boulders suggested they had not traveled far but overburden has made it difficult to establish the soruce through mapping and bedrock sampling. Aurion raised $25 million in 2017 but drilling not encounter anything which explained the boulders. No fianncing was done in 2018 but drilling did intersetc short intervals of very high grade gold similar to the boulders. The geological context is that of a younger version of the Timmins camp in the Abitibi greenstone belt of Ontario and Canada, with the Sirrka Shear Zone seen as analogous to the Porcupine Destor Zone. Aurion's properties straddle 80 km of the Sirrka SZ, the western two-thirds of which is farmed out to B2Gold and Kinross, which has sunk over $16 million into Aurion equity. Gold potential resides not in the crustal scale fault zone, but rather is associated with the smaller faults that splay off it within good host rocks that develop even smaller structrures that soak up the gold from fluids that are much cooler than those which create high grade epithermal gold-silver systems. The CLGB has a size similar to the Abitibi but has had only 10 million oz gold identified compared to 90 million for the Abitibi; is this because CLGB is less endowed or has seen considerably less exploration? Aurion has attracted capital because the market thinks it may be on the verge of demonstration that sufficient exploration will reveal the CLGB to have a gold endowment similar to Abitibi, with Risti itself representing the scale of the Timmins district. In 2019 Aurion is starting with a 10,000 m drill program aimed at showing that high grade zones do hang together. This was the initial hope with the Cheechoo project of Sirios that never panned out. A less disappointing outcome would be that Risti is like the Windall project of Osisko Mining which is also billed as a mis-understood Timmins district. The result of more than $200 million poured into Windfall by Bay Street is not what we hope to see Aurion accomplish at Risti. For now we can still dream that Risti is a Timmins district in the making. (Jul 11, 2019)
Avrupa Minerals Ltd (AVU-V)





Alvito Portugal 2-Target Drilling Cu Zn Apr 9, 2018 - 0:20:48

Nov 6, 2018 - 0:18:18

Azimut Exploration Inc (AZM-V)





Eleonore South Canada - Quebec 3-Discovery Delineation Au Sep 8, 2016 - 0:04:55

Oct 6, 2016 - 0:05:51

Nov 4, 2016 - 0:05:23

May 3, 2017 - 0:11:03

Jul 21, 2017 - 0:00:00

Oct 20, 2017 - 0:00:00

Jan 19, 2018 - 0:00:00
Chromaska Canada - Quebec 2-Target Drilling Cr Pt Pd Ni Apr 9, 2018 - 0:08:40
Pikwa Canada - Quebec 2-Target Drilling Cu Au Mo Ag Feb 26, 2019 - 0:20:54

Apr 16, 2019 - 0:16:06

Oct 16, 2019 - 0:09:57
Elmer Canada - Quebec 3-Discovery Delineation Au Ag Dec 11, 2019 - 0:06:52

Jan 23, 2020 - 0:00:01

Feb 20, 2020 - 0:15:02

Mar 19, 2020 - 0:09:55

Apr 15, 2020 - 0:00:01
Pikwa Canada - Quebec 2-Target Drilling Cu Au Mo Ag Apr 30, 2020 - 0:17:56
Elmer Canada - Quebec 3-Discovery Delineation Au Ag Jul 2, 2020 - 0:08:40

Jul 29, 2020 - 0:00:01
Azimut Exploration In was introduced to Discovery Watch in September 2016 due to its minority stake in the Eleonore South project in the James Bay region of Quebec which covers the southern half of the Cheechoo intrusion where Sirios Resources Inc caught the market's imagination in early 2016 by rethinking a low grade bulk tonnage gold optionality into a potential high grade underground mineable system. Sirios started drilling the intrusion with NE oriented holes instead of SW holes and while initially this seemed to deliver high grade intervals more consistently, after several years it became apparent that the Cheechoo intrusion did not host coherent high grade zones that would lend themselves to underground mining. Sirios has since reverted to a bulk tonnage model and published a resource estimate in late 2019. Azimut's CEO Jean-Marc Lulin became the champion for Eleonore South which it had staked during the early days of the Eleonore discovery by Virginia. Work by Goldcorp and Eastmain failed to deliver a discovery because it was focused on the margins of the Cheechoo intrusion. JML focused on potential high grade zones such as Moni, but that effort grounded out just like that of Sirios. Today it is clear that Eleonore South and Sirios' Cheechoo needs to be consolidated as one property with a large open pit operation which has the support of Newmont (after acquiring Goldcorp), which is also a major shareholder of Sirios. The stick in the mud resisting a win-win proposal has been Azimut, which stopped funding its share of Eleonore South in 2018 when it decided to violate the PGFO strategy by drilling the Chromaska chromite target with its own money. Chromaska died quietly, and it looked like Azimut was a DW bust on two fronts. But in early 2019 when Midland's Mythril copper discovery ignited hopes for a base metals area play in the James Bay region Azimut's Pikwa project to the west became a DW focus after Azimut was able to swing a deal with SOQUEM to earn back a 50% interest. Mythril fizzled in H2 of 2019 when it became apparent that the very high grade copper mineralization was restricted to thin margins of dykes that weren't spaced closely enough to deliver a bulk mineable resource similar to that of the Aitik copper mine in Sweden. During 2019 Azimut focused on mapping and sampling the 20 km Copperfield Trend which projects SWW from the 10 km trend on Midland's Mythril project and established that there were major copper anomalies in the western and eastern ends of the anomaly. The middle seemed to be a dead zone though it did contain 2 prominent EM conductors, the only such anomalies within this trend. The geochemical dead zone may be due to the presence of a giant esker of glacially transported debris that obscures the bedrock. An IP survey in the East Copperfield portion yielded chargeability highs similar to those on the Mythril property to the east, which raised the question of whether Pikwa hosted more of the same marginal copper mineralization. Azimut decided to extend the IP survey west to include the EM conductors, because these could be part of a "center of gravity" for the mineralizing system where bigger zones may have evolved in this Archean setting. We are still awaiting the outcome of this IP survey and what Azimut plans next for Pikwa. Since December 2019, however, the DW focus has been on the Elmer project in the James Bay region where Azimut has demonstrated that the small 200 m by 80 m Patwon outcrop hosts 3 sets of mineralized gold veins: a set of short NW oriented Riedel type dilational veins, a set of sub-horizontal veins, and a set of NE-SW oriented veins, all occurring within what appears to be a 7 km NE trending shear structure. The high grades within the Patwon zone attracted market attention in January 2020 and Elmer was shaping up as a Discovery Watch success story. The association of pyrite with the gold prompted Azimut to conduct an IP survey which generated multiple chargeability highs of the sort associated with sulphide mineralization. Drilling resumed in late May 2020 with the first update occurring in late June after 29 new holes were drilled. Although the market initially responded positively, driving the stock as high as $3.50, the cautious wording by Azimut and the shifts in the drill location sequences of the two rigs suggested that expansion drilling was not playing out as expected. On July 27 Azimut disclosed results for holes close to Patwon which extended the strike 350 m and confirmed mineralization persists to a depth of 200 m. But it is disrupted to the SW and in the NE direction where holes not discussed are pending and where the IP chargeability anomaly is low rather than high. In fact, early holes drilled in ELM-1 where the IP anomaly is strong were not prioritized for assaying. During July Azimut drilled only 7 more holes, most of them in the other ELM IP anomalies. 18 holes were still being logged and assays are unlikely before September. The DW premise was that the Patwon zone would repeat itself along the 7 km shear, most of which is covered by swamp or overburden, with IP anomalies highlighting targets. It now looks like IP is not highlighting gold zones, so until we learn more about the geology and gold controls, the Elmer play is focused on definition drilling of the Patwon zone for a possible open pit scenario and chasing this style of mineralization deeper for an underground scenario. Elmer qualifies as a discovery, but for now it is not a game changing development for the gold potential of the James Bay region. (Jul 29, 2020)
Balmoral Resources Ltd (BAR-T)





Fenelon South Canada - Quebec 2-Target Drilling Au Aug 8, 2019 - 0:13:49

Sep 17, 2019 - 0:22:22
Balmoral Resources Ltd was introduced to DW in early August 2019 based on a four hole drill program the company did on its Fenelon South property in Quebec. Balmoral owns properties along about 100 km of the Sunday Lake Deformation Zone east of the Detour Lake gold mine on the Quebec side which fall under the general Grasset name. To the west it has the Martiniere deposit for which a resource of 644,000 oz has been outlined and which is currently on hold pending a better market to fund deeper drilling with the goal of doubling the resource. To the east is the Grasset nickel deposit Balmoral discovered and which the recent uptrend in nickel prices is starting to attract attention. The Grasset package surrounds the Fenelon property which Balmoral owned before selling it to Wallbridge because Wallbridge wanted to develop a small resource of high grade quartz veins. Expansion drilling by Wallbridge in early 2019 unexpectedly encountered gold mineralized sulphide vein swarms to the west cutting through adjacent monzonite and sediment units which Wallbridge calls Area 51. This mineralization is very different from the Fenelon Main Zone. Balmoral kept the ground south of Fenelon which straddles the Sunday Lake fault. The ground immediately to the north of the east-west fault is the deformation zone that is prospective for gold zones but in this area it is covered with overburden. Balmoral called the southern projection of Wallbridge's Area 51 rock units Area 52 and drilled several holes close to the border to see if similar mineralization is present. The results reported in September 2019 suggested the mineralization was not as extensive as to the north, but one hole drilled to test an IP resistivity anomaly in the SLDZ swamp through which the Area 52 structure is supposed to cross delivered a blind discovery surprise in the form of 3.23 m of 14.03 g/t gold within a shear vein zone. Balmoral has started a program of 6 closely spaced holes to sort out the geometry of this zone. (Sep 17, 2019)
Barrick Gold Corp (ABX-T)





Fourmile United States - Nevada 3-Discovery Delineation Au Sep 27, 2019 - 0:00:00

Beaufield Resources Inc (BFD-V)





Urban-Windfall Canada - Quebec 2-Target Drilling Au Mar 3, 2017 - 0:20:48

Apr 17, 2017 - 0:06:19

Feb 9, 2018 - 0:09:40

Benchmark Metals Inc (BNCH-V)





Muskox Canada - Nunavut 5-PEA & Bulk Sampling D Oct 27, 2016 - 0:12:27

May 12, 2017 - 0:11:22
Contwoyto Gold Canada - Nunavut 1-Grassroots Au Nov 7, 2017 - 0:14:15

Blind Creek Resources Ltd (BCK-V)





Engineer Canada - British Columbia 3-Discovery Delineation Au Ag Jun 9, 2017 - 0:16:11

BlueBird Battery Metals Inc (BATT-V)





Canegrass Australia - Western Australia 2-Target Drilling Ni Co Cu May 29, 2018 - 0:28:58

Bravada Gold Corp (BVA-V)





Wind Mountain United States - Nevada 5-PEA Au Dec 8, 2017 - 0:39:45

Callinex Mines Inc (CNX-V)





Pine Bay Canada - Manitoba 4-Infill & Metallurgy Cu Zn Au Ag Oct 21, 2016 - 0:07:42

Nov 9, 2016 - 0:00:00

Feb 3, 2017 - 0:06:36

Camino Minerals Corp (COR-V)





Los Chapitos Peru 3-Discovery Delineation Cu Ag Feb 24, 2017 - 0:16:35

Apr 21, 2017 - 0:16:23

Apr 28, 2017 - 0:00:00

May 3, 2017 - 0:08:35

May 26, 2017 - 0:00:00

Jun 16, 2017 - 0:07:47

Jul 21, 2017 - 0:11:01

Aug 25, 2017 - 0:00:00

Sep 13, 2017 - 0:16:50

Jun 11, 2020 - 0:18:35

Canalaska Uranium Ltd (CVV-V)





AKP - De Beers Canada - Saskatchewan 2-Target Drilling D Sep 15, 2016 - 0:07:13

Oct 6, 2016 - 0:08:12

Dec 30, 2016 - 0:00:00
West McArthur Canada - Saskatchewan 3-Discovery Delineation U Sep 1, 2017 - 0:00:00

Nov 17, 2017 - 0:00:00

Canstar Resources Inc (ROX-V)





Kenora Canada - Ontario 3-Discovery Delineation Au Feb 17, 2017 - 0:19:28

Mar 17, 2017 - 0:00:00

Cariboo Rose Resources Ltd (CRB-V)





Canadian Creek Canada - Yukon Territory 2-Target Drilling Au Sep 7, 2017 - 0:06:56

Jan 15, 2018 - 0:00:00

Carlin Gold Corp (CGD-V)





Cortez Summit United States - Nevada 2-Target Drilling Au Jun 23, 2017 - 0:17:23

Oct 27, 2017 - 0:12:44

Dec 8, 2017 - 0:12:16

Central Timmins Expl Corp (CTEC-V)





Silver Reef Canada - British Columbia 2-Target Drilling Ag Pb Zn Au Jun 18, 2020 - 0:17:47

Chalice Gold Mines Ltd (CXN-T)





West Pilbara JV Australia - Western Australia 1-Grassroots Au Sep 30, 2017 - 0:20:47

Clean TeQ Holdings Ltd (CLQ-ASX)





Sunrise Australia - New South Wales 7-Permitting & Feasibility Ni Co Sc Oct 13, 2016 - 0:14:12

Nov 9, 2016 - 0:12:59

Feb 17, 2017 - 0:12:29

Feb 24, 2017 - 0:09:26

Mar 3, 2017 - 0:00:00

Oct 13, 2017 - 0:12:48

Dec 15, 2017 - 0:00:00

Feb 2, 2018 - 0:13:47

Mar 2, 2018 - 0:15:32

Jun 25, 2018 - 0:21:24

Dec 19, 2019 - 0:00:01

May 14, 2020 - 0:00:01

Colonial Coal International Corp (CAD-V)





Huguenot Canada - British Columbia 6-Prefeasibility CM Apr 25, 2019 - 0:26:19

Colorado Resources Ltd (CXO-V)





KSP Canada - British Columbia 2-Target Drilling Au Ag Aug 1, 2017 - 0:10:14

Sep 13, 2017 - 0:25:41

Mar 12, 2018 - 0:00:00

Apr 16, 2018 - 0:00:00

De Grey Mining Ltd (DEG-ASX)





Pilbara - Indee Australia - Western Australia 4-Infill & Metallurgy Au Sep 30, 2017 - 0:14:19

Dec 22, 2017 - 0:22:01
Mallina Australia - Western Australia 4-Infill & Metallurgy Au Feb 20, 2020 - 0:00:01

Defiance Silver Corp (DEF-V)





San Acacio Mexico 4-Infill & Metallurgy Ag Au Sep 22, 2016 - 0:07:21

May 19, 2017 - 0:20:54

Sep 13, 2017 - 0:28:54

Dios Explorations Inc (DOS-V)





K2 Canada - Quebec 2-Target Drilling Au Jun 18, 2020 - 0:08:49

Eagle Plains Resources Ltd (EPL-V)





Fisher Canada - Saskatchewan 2-Target Drilling Au Jan 15, 2018 - 0:19:58

Apr 3, 2018 - 0:24:25
Iron Range Canada - British Columbia 2-Target Drilling Cu Au Zn Pb Ag Apr 30, 2018 - 0:00:00

May 22, 2018 - 0:20:49
Vulcan Canada - British Columbia 2-Target Drilling Pb Zn Ag Apr 23, 2020 - 0:06:50

Jun 11, 2020 - 0:00:01

Eastfield Resources Ltd (ETF-V)





Zymo Canada - British Columbia 2-Target Drilling Cu Au Jun 12, 2019 - 0:10:54

Endurance Gold Corp (EDG-V)





Elephant Mtn United States - Alaska 2-Target Drilling Au Oct 6, 2016 - 0:14:14

Nov 4, 2016 - 0:11:07

Aug 25, 2017 - 0:14:46

EnGold Mines Ltd (EGM-V)





Lac La Hache Canada - British Columbia 4-Infill & Metallurgy Au Cu Ag Apr 7, 2017 - 0:17:26

Eskay Mining Corp (ESK-V)





SIB-Lulu Canada - British Columbia 2-Target Drilling Au Ag Cu Pb Zn Mar 31, 2017 - 0:20:03

Apr 28, 2017 - 0:08:02

Jul 10, 2017 - 0:10:41

Aug 1, 2017 - 0:13:45

May 17, 2018 - 0:18:16

Jul 23, 2018 - 0:20:28

Jul 30, 2018 - 0:12:20

Nov 20, 2018 - 0:09:15
Corey Canada - British Columbia 2-Target Drilling Au Ag Cu Pb Zn Nov 13, 2019 - 0:11:40
SIB-Lulu Canada - British Columbia 2-Target Drilling Au Ag Cu Pb Zn Jul 2, 2020 - 0:13:54

Exeter Resource Corp (XRC-T)





Caspiche Chile 6-Prefeasibility Au Cu Ag Mar 31, 2017 - 0:00:00

Fjordland Exploration Inc (FEX-V)





Western Athabasca Canada - Saskatchewan 1-Grassroots D Sep 15, 2016 - 0:10:31
AKP - FEX Canada - Alaska 1-Grassroots D Dec 30, 2016 - 0:05:43
South Voisey's Bay Canada - Newfoundland 2-Target Drilling Ni Cu Co Sep 1, 2017 - 0:09:19

Oct 6, 2017 - 0:07:12

Forum Energy Metals Corp (FMC-V)





Janice Lake Canada - Saskatchewan 3-Discovery Delineation Cu Ag May 14, 2019 - 0:18:35

Nov 13, 2019 - 0:20:27

Jan 30, 2020 - 0:06:58
Love Lake Canada - Saskatchewan 1-Grassroots Ni Cu Pd Pt Feb 27, 2020 - 0:08:32
Janice Lake Canada - Saskatchewan 3-Discovery Delineation Cu Ag May 7, 2020 - 0:00:01

FPX Nickel Corp (FPX-V)





Decar Canada - British Columbia 5-PEA Ni Nov 9, 2016 - 0:08:51

Feb 3, 2017 - 0:00:00

May 19, 2017 - 0:26:52

Mar 2, 2018 - 0:07:10

May 7, 2018 - 0:12:24

Aug 23, 2019 - 0:17:20

Dec 19, 2019 - 0:19:28

Jan 9, 2020 - 0:13:59

Feb 27, 2020 - 0:00:01

May 14, 2020 - 0:15:15

Jul 22, 2020 - 0:18:43
FPX Nickel Corp has had a Bottom-Fish Spec Value rating since 2017 while the junior worked on over-coming the limitations embedded in the PEA Cliffs delivered in March 2013 for a 114,000 tpd open-pit nickel mine at Decar which required a $9/lb plus nickel price to be viable. Most of this work has been completed and 2020 promises to be a relaunch of the Decar nickel story with an updated PEA expected in September 2020. FPX was introduced to Discovery watch in November 2016 as a different type of discovery in the sense that the Decar deposit, recognized in 2009, is unusual in having a very low 0.12% nickel grade as defined by a Davis Tube assay which only measures nickel recoverable through crushing and magnetic separation. This is different from a fire assay which will yield a similar grade for almost every ultramafic body that is economically worthless because it reflects nickel trapped in an olivine lattice. The Decar nickel is different because it occurs as awaruite, a nickel-iron alloy that is in effect natural stainless steel. The result is a very homogenous 1 billion tonne deposit that can be large scale open pit mined for 40 years without any sulphide related acid drainage and which, thanks to the magnesium content that ends in the tailings, could operate as a carbon sink which could bring Decar close to the holy grail of a carbon neutral mine. The key changes achieved by FPX management headed by Peter Bradshaw and Martin Turenne since buying back 100% ownership from Cliffs in 2015 are 1) replacing gravity separation with a flotation stage that generates a concentrate with 65% nickel that can be fed directly into stainless steel mills, delineation of the SE Baptiste zone that allows front-loading the ore schedule with higher grade ore, and preliminary studies that indicate that the concentrate can be converted directly into nickel sulphate, the form required by the EV battery market. FPX is unusual in that it has been funded by insiders and close associates through private placements that did not include warrants, a sign of strong internal belief that Decar is a winner. A key question the PEA will answer is the cost structure of Decar using the new flowsheet, which will make it easier to assess the potential economic value of developing Decar, expected to have a CapEx of $2 billion or more. The wild card is the future price of nickel which during the past decade has suffered from a glut of low grade laterite ore mined in Indonesia and the Phillipines and shipped as whole rock to Chinise blast furnaces where it is converted into nickel-pig-iron, a feedstock for lower quality stainless steel that meets China's standards. Indonesia no longer allows direct shipping of ore, and the Philippines is rapidly depleting the laterite resources suitable for this NPI market. The FPX PEA will show what nickel price is needed to achieve an NPV at least 50% of CapEx. Given that it will take another $40-$50 million to push Decar through feasibility to a permitted production decision, the speculative question is who might pay what percentage of the NPV at what stage for the privilege of investing another $2 billion to develop Decar as a 40 year mine in a secure jurisdiction that threatens little variation during the life of the mine. A decade ago the FPX team scoured the world in search of similar deposits, but concluded that Decar is pretty much unique. (Jul 22, 2020)
Gaia Metals Corp (GMC-V)





Corvette-FCI Canada - Quebec 2-Target Drilling Li Apr 25, 2019 - 0:10:41

Sep 10, 2019 - 0:13:27
92 Resources Corp was featured on DW during the maiden drill program conducted by Midland in March-May of 2019 on the Mythril copper play in the James Bay region of Quebec which had all the earmarks of a potential great Canadian area play. What was missing was confirmation that a world class discovery underlay the copper showings which would have had an immediate impact on Azimut's on trend Pikwa property and a secondary impact on 92 Resources Corp as the most leveraged proximity play. When Midland failed to confirm a major discovery market interest in a James Bay area play evaporated though the potential for something big remains plausible. Midland began an expanded summer program in June 2019 which could yet set James Bay on fire, so 92 Resources Corp remains alive as a DW junior. (Jul 8, 2019)
Galway Metals Inc (GWM-V)





Clarence Stream Canada - New Brunswick 4-Infill & Metallurgy Au Feb 20, 2020 - 0:22:24

Apr 30, 2020 - 0:14:40

Jul 2, 2020 - 0:00:01

Jul 29, 2020 - 0:09:21
Galway Metals Inc was introduced to Discovery Watch in February 2020 based on its effort to demonstrate that the Clarence Stream gold project in New Brunswick is a multi-million ounce gold district with both open-pittable and high grade underground mining potential. It was a grassroots discovery in 1999 by Mac Watson's Freewest which along with successors never went much beyond the North and South zones for which a resource of 432,000 tonnes of 6.56 g/t gold was generated (about 100,000 ounces). Galway acquired Clarence Stream in 2016 and for the past 3 years has struggled to gain market respect for Mike Sutton's idea that it hosts a district of multiple intrusion related gold systems on both sides of the regional George Sawyer Fault which separates two ages of meta-sediments that have been intruded by younger granites which created the structural setting for gold deposition within veins along their flanks. Key to the optimism are widespread gold in till and soil anomalies north and south of the fault (the North and South zones are on opposite sides of the fault). In late 2017 Galway discovered the trend 7 km southwest of the original North-South Zones defined by the sequence of the George Murphy, Richard and Jublilee zones within a 4 km trend. Due to the complex nature of the vein sets the market has had a tough time connecting drill hole dots to visualize emerging ounce footprints, which was not helped by tight budgets during the past few years. But in 2020 a rising gold price prompted Galway to adopt a more aggressive strategy which now involves 5 drill rigs, 3 of them infill stitching together the Jubilee-Richard-GM segment with infill drilling which will become the basis for a resource estimate in Q1 of 2021, and 2 rigs "wildcatting" at the northern and southern limits of the infill focus. The open-endedness of this district play whose destiny Galway was controlling through geology smarts and drilling appealed to the market against the backdrop of a rising gold price, enabling Galway to raise $17 million in June 2020 at $0.44-$0.64 for common and flow-thru which boosted its treasury to $22 million, more than enough to carry its strategy well into 2021. On June 24 Galway reported 0.5 m of 186.5 g/t gold (6 opt) for hole #38 at the southern end where there seems to be a cross structure associated with a high gold in soil anomaly. On July 29 Galway reported that hole #65 drilled as an expansion hole to the NE of the George Murphy Zone unexpectedly intersected repeated visible gold over 14 m d=near the bottom of the hole. When you look at the geological context, #65 appears to have intersected a new zone parallel to the Jubilee-George Murphy trend which itself flanks the southeastern margin of a granite intrusive which is 400-500 m wide where it outcrops and about 2,000 m long. No holes have been drilled on the northern flank. So for the moment the market is wondering if hole 65's VG interval is evidence of a mirror trend on the other side of the granite intrusive. Although Galway describes its 2 rigs as "wildcatting", this is not the same as testing isolated targets elsewhere on the property, if which there are plenty with geochemical support. These wildcat rigs are groping beyond the known mineralization, which makes it unlikely that Galway will pull a job dropping discovery hole signaling a major new zone. That suits the current market fine, because despite the awakening bull, it remains fearful that all will soon enough end, so a district play undergoing a major rethink that incrementally keeps getting better suits the market just fine. (Jul 29, 2020)
Golden Goliath Resources Ltd (GNG-V)





Kwai-SLF Canada - Ontario 2-Target Drilling Au Feb 6, 2020 - 0:26:41

May 28, 2020 - 0:15:19

Jun 25, 2020 - 0:00:01

Golden Predator Mining Corp (GPY-V)





Brewery Creek Canada - Yukon Territory 7-Permitting & Feasibility Au Jun 26, 2019 - 0:11:58

Jul 4, 2019 - 0:08:25

Jul 24, 2019 - 0:06:39

Goldquest Mining Corp (GQC-V)





Romero Dominican Republic 6-Prefeasibility Au Cu Oct 3, 2016 - 0:15:30

Nov 9, 2016 - 0:06:38

Jan 13, 2017 - 0:07:35

Mar 10, 2017 - 0:00:00

Apr 3, 2018 - 0:17:30

Goldstrike Resources Ltd (GSR-V)





Plateau Canada - Yukon Territory 2-Target Drilling Au Mar 10, 2017 - 0:25:12

Great Bear Resources Ltd (GBR-V)





Dixie Canada - Ontario 3-Discovery Delineation Au Sep 5, 2018 - 0:07:31

Oct 2, 2018 - 0:32:13

Oct 15, 2018 - 0:15:55

Dec 12, 2018 - 0:13:16

Jan 15, 2019 - 0:00:00

Jul 11, 2019 - 0:09:33

Sep 10, 2019 - 0:00:00

Oct 16, 2019 - 0:00:01

Nov 27, 2019 - 0:23:26

May 28, 2020 - 0:10:31

GT Gold Corp (GTT-V)





Tatogga Canada - British Columbia 3-Discovery Delineation Au Apr 28, 2017 - 0:18:42

Aug 1, 2017 - 0:06:43

Sep 1, 2017 - 0:17:08

Sep 13, 2017 - 0:02:50

Sep 22, 2017 - 0:00:00

Sep 11, 2018 - 0:00:00

Oct 10, 2018 - 0:24:24

Nov 20, 2018 - 0:00:00

May 14, 2019 - 0:10:28

Harfang Exploration Inc (HAR-V)





Serpent Canada - Quebec 2-Target Drilling Au Cu May 8, 2019 - 0:11:18

Highway 50 Gold Corp (HWY-V)





Monroe Canada - British Columbia 2-Target Drilling Zn Pb Ag Apr 7, 2017 - 0:10:30

May 19, 2017 - 0:22:57

Jun 23, 2017 - 0:09:14

Jul 10, 2017 - 0:18:23

Aug 7, 2018 - 0:12:46

Oct 10, 2018 - 0:00:00

Nov 20, 2018 - 0:17:46
Golden Brew United States - Nevada 2-Target Drilling Au Apr 9, 2019 - 0:00:00

Aug 23, 2019 - 0:00:00
Monroe Canada - British Columbia 2-Target Drilling Zn Pb Ag Sep 17, 2019 - 0:11:32

Dec 4, 2019 - 0:00:01
Highway 50 Gold Corp has been featured on DW since early 2017 based on the potential of the 50% optioned Monroe project in southeastern British Columbia to deliver a Sedex type zinc-lead-silver discovery comparable to the 150 million tonne Sullivan deposit about 35 km to the north. The geological drivers behind the Monroe story are brothers John and Gordon Leask for whom this is their second crack at trying to find Sullivan 2 in this area. They are both the underlying owner of the Monroe property and the biggest shareholders of Highway 50. The property has over 50 holes into it, but the last dozen since Highway 50 started in 2017 have been deeper and have vectored in on a target area beneath 700 m which the Leasks estimate has a footprint about half the size of Sullivan. A deposit half the size of Sullivan with similar grades would be a world class discovery worth $1 billion plus. The target's location under Monroe Lake and the bounding faults of the target's sub-basin present technical challenges for angled holes to reach the target. While programs in 2017 and early 2018 beefed up the target, the program in late 2018 failed to reach this "make or break" target. A new round of drilling started in September 2019 missed the target with a successful hole while the second hole was lost well short of the target. Highway 50 will be short $900,000 of the $2.9 million expenditure deadline in May 2020 so there is a risk of default unless the Leasks grant an extension to Highway 50. The Golden Brew project in Nevada was introduced to DW in 2019 when after many permitting delays Regulus was able to test a fairly deep gravel covered horst block to the west of minor gold mineralization in the range front. This play is near the former Carlin-type Quito Mine and is at the southwestern limit of the 42-25 million year Carlin deposition window. Drill results in August 2019 were disappointing and at the end of October 2019 Regulus dropped the option. The Leasks remain convinced that this is the best area for a major Carlin type discovery outside the trends already controlled by the Nevada Gold JV (Barrick-Newmont). Given that Highway 50 will have negative working capital approaching $1 million by 2019 year end, much of it loaned by the Leask brothers who will retain 100% of Monroe unless the deal is modified, Highway 50 for now no longer qualifies as a Discovery Watch junior. (Dec 4, 2019)
Independence Gold Corp (IGO-V)





Boulevard Canada - Yukon Territory 2-Target Drilling Au Oct 3, 2016 - 0:19:23

Oct 13, 2016 - 0:06:00

Sep 7, 2017 - 0:00:00

Integra Gold Corp (ICG-V)





Lamaque Canada - Quebec 5-PEA Au Feb 3, 2017 - 0:08:41

May 19, 2017 - 0:12:04

Inventus Mining Corp (IVS-V)





Pardo Canada - Ontario 3-Discovery Delineation Au Sep 7, 2017 - 0:17:45

Sep 13, 2017 - 0:18:19

Oct 6, 2017 - 0:11:38

InZinc Mining Ltd (IZN-V)





West Desert United States - Utah 6-Prefeasibility Zn Cu Fe In Au Ag Sep 22, 2016 - 0:05:17
Indy Canada - British Columbia 2-Target Drilling Zn Pb Ag Oct 27, 2016 - 0:07:55
West Desert United States - Utah 6-Prefeasibility Zn Cu Fe In Au Ag Dec 13, 2016 - 0:15:41

Jan 27, 2017 - 0:26:08

Apr 21, 2017 - 0:09:50

Aug 25, 2017 - 0:06:04
Indy Canada - British Columbia 2-Target Drilling Zn Pb Ag Sep 13, 2017 - 0:10:20
West Desert United States - Utah 6-Prefeasibility Zn Cu Fe In Au Ag Oct 13, 2017 - 0:08:01

Nov 24, 2017 - 0:21:57

Jan 19, 2018 - 0:08:00

Apr 23, 2018 - 0:12:51

Jun 11, 2018 - 0:16:57

Jun 18, 2018 - 0:13:28

Jul 30, 2018 - 0:04:34

Aug 28, 2018 - 0:00:00
Indy Canada - British Columbia 2-Target Drilling Zn Pb Ag Nov 14, 2018 - 0:00:00

Jun 6, 2019 - 0:12:16

Ivanhoe Mines Ltd (IVN-T)





Kamoa-Kakula Congo (DRC) 7-Permitting & Feasibility Cu Oct 13, 2016 - 0:09:07

Mar 24, 2017 - 0:02:56

Apr 17, 2017 - 0:13:53

Feb 2, 2018 - 0:00:00

Mar 2, 2018 - 0:11:51

Jun 11, 2018 - 0:07:55

Kairos Minerals Ltd (KAI-ASX)





Croydon Australia - Western Australia 2-Target Drilling Au Li Dec 22, 2017 - 0:26:39

Karora Resources Inc (KRR-T)





Beta Hunt Mine Australia - Western Australia 9-Production Au Ni Sep 11, 2018 - 0:14:23

Sep 18, 2018 - 0:00:00

Sep 25, 2018 - 0:00:00

Klondike Silver Corp (KS-V)





Silvana Canada - British Columbia 3-Discovery Delineation Ag Pb Zn Feb 26, 2019 - 0:00:00

Lorraine Copper Corp (LLC-V)





Stardust Canada - British Columbia 4-Infill & Metallurgy Au Cu Ag Mar 3, 2017 - 0:33:04

Jun 30, 2017 - 0:06:53

Jan 15, 2018 - 0:04:57

May 22, 2018 - 0:28:09

Marimaca Copper Corp (MARI-T)





Marimaca Chile 4-Infill & Metallurgy Cu Oct 13, 2016 - 0:24:09

Metanor Resources Inc (MTO-V)





Barry Canada - Quebec 5-PEA Au Apr 17, 2017 - 0:01:38

Feb 9, 2018 - 0:05:28

Jul 9, 2018 - 0:12:04

MG Capital Corp (DLP-V)





DD Canada - British Columbia 2-Target Drilling Zn Pb Ag Jun 25, 2020 - 0:19:25

Midas Gold Corp (MAX-T)





Stibnite United States - Idaho 7-Permitting & Feasibility Au Sb Jan 5, 2017 - 0:00:00

Feb 24, 2017 - 0:00:00

Jun 9, 2017 - 0:04:20

Jun 30, 2017 - 0:14:31

Jan 5, 2018 - 0:23:23

May 17, 2018 - 0:00:00

Feb 5, 2019 - 0:00:00

Jun 6, 2019 - 0:22:41

Mar 19, 2020 - 0:20:10

Apr 15, 2020 - 0:17:24

Jul 29, 2020 - 0:16:56
Midas Gold Corp has been a regular Discovery Watch feature since January 2017, not because there was any new mineralization to be discovered at the Stibnite gold-antimony project in Idaho, but rather because we were curious to discover if CEO Stephen Quin with John Paulson's financial backing in early 2016 could overcome the market's glum view that Idaho would never permit an open pit mine in an area that was turned into an environmental disaster zone by mining for antimony to support the World War II effort, and later by gold miners who were no longer around when Nixon invented the EPA in the 1970's to put an end to cost dumping by proponents of unfettered free market capitalists whose bible was "fuck the losers" Ayn Rand rather than "we are all in this together" Adam Smith. And boy oh boy, has it ever been a journey of discovery with regard to regulatory incompetence led by the Forest Service as the timeline for a draft Environmental Impact Statement kept slipping into the future like that Steve Miller song. Midas as of the end of 2019 has spent USD $53 million on permitting out of $210 million overall, and CEO Stephen Quin has suggested to me the total will be $70 million when a mining permit is finally granted. The last economic study was a PFS in December 2014 which was lousier than the 2012 PEA because certain parts of the deposits lacked the drill density needed to support a PFS calibre ore schedule, so half the antimony output disappeared, as did a good part of the high grade front loading of the ore mining schedule. The outcome of the PFS was not impressive because it used a $1,350 gold price as a base case to support an after tax NPV of US $832 million and 23.4% IRR using a 5% discount rate. The IRR was fine, but the NPV not so good because CapEX was $970 million thanks to a pressure oxidation unit needed to deal with the refractory sulphide ore. But even worse, gold was below $1,300 most of the time until mid 2019 when it finally began to rise as the world became uncertain about America's leadership role in a world where China under emperor for life Xi Jinping had since 2012 embarked on a course that clearly dashed any hope that China's prosperity would eventually make it "just like us", even as the US under its own leadership was setting America on a path to become just like "them". One reason the timeline for a draft EIS kept being extended was that the Forest Service simply lacked the processing infrastructure to permit a mine that would produce 350,000 ounces gold annually, turning this into a learning how to properly approve a mine on the fly experience. The other reason was that Trump's deregulatory zeal was undermined by strategic incompetence that inflicted an unnecessary government shutdown and which later enabled the Wuhan Virus to become the self-gutting America Virus. But it finally looks like a draft EIS is on track to be accepted in August 2020, which will be followed by a 45 day comment period during which objectors opposed to mining will try to demonstrate that the Forest Service and related agencies are too incompetent or corrupted to have done their job properly. Knowing the quality of the Midas team and the sincerity of the regulators to do the job properly to support a reclamation project bankrolled by a gold mine, these comments should not prove more than fodder for late night comedy, enabling Midas to publish a feasibility study in Q4 of 2020 which incorporates the cost of all the changes generated by the permitting process. A record of decision is expected in late 2021, namely a permit to proceed with construction of the Stibnite Mine whose antimony by-product will bail America out of a serious security of supply problem should the escalating "new cold war" with China disrupt the supply of raw materials in which China dominates. At $1,900 plus gold Stibnite will be very much in the money, even if CapEx expands 30%, and if you dare to dream $3,000 gold, you are looking at a $10-$15 future price target. (Jul 29, 2020)
Midland Exploration Inc (MD-V)





Mythril Canada - Quebec 2-Target Drilling Cu Au Mo Oct 23, 2018 - 0:16:48

Feb 14, 2019 - 0:22:04

Mar 12, 2019 - 0:13:35

Apr 4, 2019 - 0:22:51

Apr 16, 2019 - 0:00:00

May 2, 2019 - 0:00:00

May 22, 2019 - 0:00:00

Jun 19, 2019 - 0:09:18

Aug 8, 2019 - 0:00:00

Oct 24, 2019 - 0:22:30

May 7, 2020 - 0:11:41

Minaurum Gold Inc (MGG-V)





Alamos Mexico 3-Discovery Delineation Ag Au Sep 22, 2017 - 0:09:55

Jan 26, 2018 - 0:22:00

Feb 20, 2019 - 0:00:00

Mineral Mountain Res Ltd (MMV-V)





Rochford United States - South Dakota 4-Infill & Metallurgy Au Mar 17, 2017 - 0:11:04

Mar 24, 2017 - 0:06:31

May 26, 2017 - 0:04:00

Nov 7, 2017 - 0:26:32

Dec 1, 2017 - 0:00:00

Mar 26, 2018 - 0:16:10

May 7, 2018 - 0:00:00

May 22, 2018 - 0:00:00

Monarques Gold Corp (MQR-T)





Croinor Canada - Quebec 6-Prefeasibility Au Nov 4, 2016 - 0:17:13

Mar 17, 2017 - 0:08:13

Namibia Critical Metals Inc (NMI-V)





Kunene Namibia - Other 3-Discovery Delineation REM Co Cu Mar 2, 2018 - 0:21:01

Apr 16, 2018 - 0:15:01

May 22, 2018 - 0:13:32
Lofdal Namibia 6-Prefeasibility REM U May 22, 2019 - 0:24:35

Nov 5, 2019 - 0:26:45

Feb 6, 2020 - 0:00:01

Nevada Exploration Inc (NGE-V)





South Grass Valley United States - Nevada 2-Target Drilling Au Sep 8, 2016 - 0:08:05
Kelly Creek United States - Nevada 2-Target Drilling Au Mar 10, 2017 - 0:29:51

Jun 23, 2017 - 0:21:13
South Grass Valley United States - Nevada 2-Target Drilling Au Sep 13, 2017 - 0:13:00

Oct 13, 2017 - 0:00:00
Kelly Creek United States - Nevada 2-Target Drilling Au Dec 8, 2017 - 0:00:00

Jan 19, 2018 - 0:14:50
South Grass Valley United States - Nevada 2-Target Drilling Au Aug 13, 2018 - 0:27:08

Oct 2, 2018 - 0:21:51

Oct 15, 2018 - 0:20:50

Nov 6, 2018 - 0:10:41

Dec 4, 2018 - 0:25:52

Dec 18, 2018 - 0:00:00

Jan 24, 2019 - 0:09:26

Jan 30, 2019 - 0:17:00

Feb 26, 2019 - 0:13:58

Mar 12, 2019 - 0:00:00

May 31, 2019 - 0:00:00

Jul 4, 2019 - 0:00:00

Aug 8, 2019 - 0:07:15

Sep 27, 2019 - 0:22:55

Nov 21, 2019 - 0:00:01

Jan 9, 2020 - 0:00:01

Jan 30, 2020 - 0:14:47

Apr 8, 2020 - 0:11:27
Kelly Creek United States - Nevada 2-Target Drilling Au Jun 4, 2020 - 0:00:01

Nighthawk Gold Corp (NHK-T)





Colomac Canada - Northwest Territories 4-Infill & Metallurgy Au Jan 5, 2017 - 0:13:37

Feb 10, 2017 - 0:00:00

NioBay Metals Inc (NBY-V)





James Bay Canada - Ontario 4-Infill & Metallurgy Nb Feb 5, 2019 - 0:14:59

Apr 9, 2019 - 0:09:49

Jul 4, 2019 - 0:13:14

Nov 5, 2019 - 0:00:01

Jan 9, 2020 - 0:07:53

Mar 26, 2020 - 0:09:36

Apr 8, 2020 - 0:19:23

May 7, 2020 - 0:22:35

Jul 15, 2020 - 0:00:01
NioBay Metals Inc was introduced to DW in February 2019 after the junior was granted a drill permit for the James Bay niobium deposit in northern Ontario near the First Nations town of Moosonee. This didn't solve the problem that the tribal council chief was opposed to mining in principle and refused to consult with NioBay as required, and, when the Ontario ministry granted the permit anyway, filed for a judicial review of the decision claiming that NioBay never consulted with the Moose Cree FN. That pissed off the other MCFN tribal council members who resigned and forced an election in July 2019 rather than as scheduled in 2020. The anti-mining chief was not re-elected and most of her anti-mining allies on the council were replaced by members prepared to listen NioBay. That process finally led to a "protection agreement" which plugged the MCFN into NioBay's exploration plans and gave them comfort that this was not going to wreck their backyard. It allowed NioBay to conduct a drill program in Q1 of 2020 which it got done before Covid-19 shut down everything. The drilling deepened and extended the footprint of the carbonatite which led to an updated resource estimate in early July 2020 that boosted the indicated+inferred resource 19% to 63.5 million tonnes at a grade of 0.52-0.53% N2O5. That, however, is not so important because the critical milestone is a PEA which describes a plausible mining scenario and what its economic value might be. The niobium market is dominated by supply from Araxa in Brazil which is five times richer and five times bigger than James Bay. Niobium is a $3 billion market controlled 85% by the CBMM family which has set the niobium price at a level which allows 2 other mines to be viable, one in Brazil owned by ChinaMoly and Niobec in Quebec owned by Magris. Niobium demand has being growing at a CAGR of 6.5%, though this will be lower during the pandemic. But James Bay wouldn't be in production until 2025 or beyond. The deposit was discovered during the 1960's and taken to feasibility by Bechtel, but never developed because of its remote location. NioBay's goal is to make it the world's fourth major primary source of niobium and to do that James Bay needs to be viable at the price set by CBMM. NioBay is working on a PEA it hopes to have out before October 2020. It will present an underground only as well as open-pit/underground hybrid scenarios with a 6,000 tpd processing facility. The market has a hard time quantifying the size of a niobium prize, so I have created a SC 6,000 tpd UG scenario OV within the ShareCollective using a resource of 40 million tonnes at 0.53% N2O5 and the spot ferroniobium price. Its after tax NPV outcome is USD $576 million which translates into a potential future stock price of $13.19 if there is no further dilution. That is quite an impressive target even when you assume 100% dilution to drive James Bay through feasibility. The 43-101 PEA will thus be a critical milestone for the market's perception of the upside for NioBay, and it will also become the basis on which the MCFN will have to decide on what terms, if any, they support a major niobium mine in their backyard. (Jul 15, 2020)
Niocorp Developments Ltd (NB-T)





Elk Creek United States - Nebraska 7-Permitting & Feasibility Nb Sc Ti Oct 15, 2018 - 0:00:00

Northern Empire Resources Corp (NM-V)





Sterling United States - Nevada 8-Construction Au Ag Aug 7, 2018 - 0:00:00

Northern Shield Resources Inc (NRN-V)





Sequoi Canada - Quebec 2-Target Drilling Ni Cu Pd Pt Nov 25, 2016 - 0:05:22

Dec 30, 2016 - 0:08:41
Shot Rock Canada - Nova Scotia 2-Target Drilling Au Apr 30, 2020 - 0:00:01

Novo Resources Corp (NVO-V)





Karratha Australia - Western Australia 1-Grassroots Au Jul 21, 2017 - 0:23:00

Aug 1, 2017 - 0:17:19

Aug 4, 2017 - 0:19:30

Aug 18, 2017 - 0:15:19

Aug 25, 2017 - 0:25:45

Sep 1, 2017 - 0:21:54

Sep 7, 2017 - 0:11:54

Sep 13, 2017 - 0:00:00

Sep 22, 2017 - 0:17:15

Sep 30, 2017 - 0:10:00

Oct 6, 2017 - 0:16:10

Oct 13, 2017 - 0:24:03

Oct 20, 2017 - 0:10:32
Purdy's Reward Australia - Western Australia 3-Discovery Delineation Au Nov 17, 2017 - 0:18:13

Nov 24, 2017 - 0:00:00

Dec 1, 2017 - 0:15:31

Dec 15, 2017 - 0:24:21

Dec 22, 2017 - 0:00:00
Comet Well Australia - Western Australia 3-Discovery Delineation Au Feb 23, 2018 - 0:15:35

Mar 19, 2018 - 0:00:00

Apr 30, 2018 - 0:06:56

Jun 4, 2018 - 0:00:00
Kangan Australia - Western Australia 2-Target Drilling Au Sep 18, 2018 - 0:14:41
Egina-Farno Australia - Western Australia 2-Target Drilling Au Nov 1, 2018 - 0:17:57
Karratha Australia - Western Australia 1-Grassroots Au Jun 26, 2019 - 0:00:00

NuLegacy Gold Corp (NUG-V)





Red Hill United States - Nevada 2-Target Drilling Au Sep 15, 2016 - 0:12:38

Nov 25, 2016 - 0:00:00

Jan 27, 2017 - 0:15:30

Jun 23, 2017 - 0:12:42

Aug 18, 2017 - 0:00:00

Dec 8, 2017 - 0:17:41

Sep 5, 2018 - 0:00:00

Sep 27, 2019 - 0:08:36

Feb 27, 2020 - 0:19:59

May 22, 2020 - 0:00:01

NV Gold Corporation (NVX-V)





ATV United States - Nevada 2-Target Drilling Au Jun 23, 2017 - 0:24:35

Oct 27, 2017 - 0:06:12

Dec 8, 2017 - 0:21:49

Feb 16, 2018 - 0:09:53

Mar 19, 2018 - 0:20:42

Apr 9, 2018 - 0:00:00

May 29, 2018 - 0:00:00

Opus One Resources Inc (OOR-V)





Fecteau Canada - Quebec 1-Grassroots Au Mar 3, 2017 - 0:25:45

Apr 17, 2017 - 0:10:29

Jul 17, 2017 - 0:16:48

Feb 9, 2018 - 0:12:59
Noyell Canada - Quebec 2-Target Drilling Au Mar 26, 2020 - 0:00:01

Jul 15, 2020 - 0:06:39
Opus One Resources Inc was introduced to DW in March 2017 as a proxy for a potential area play surrounding Osisko Mining's rethink of the Windfall gold project in the Urban-Barry area of Quebec. Although a greenstone belt this area unlike the Abitibi was not know for robust orogenic gold systems. Windfall was as an erratic gold system which yielded high grades but the zones did not hang together well. The Osisko team felt that Windfall was in fact a mis-understood Timmins style system, and undertook a massive drilling campaign which figured out the plunge of the vein systems, chased them deep, and eventually delivered a 6 million oz plus resource. Osisko started this during a bear market and there was a flurry of activity in adjoining juniors, but that didn't answer the question of whether Osisko had turned Windfall into something new and important on a regional scale rather than a local scale. Osisko had staked land to the east, surrounding the Fecteau project which Opus had optioned because of its apparent VMS potential. Opus itself was created to host a group of properties optioned from Adventure Gold before Probe Metals absorbed Adventure to get at the Val D'Or East project. The lack of visible skin in the game by the board of Opus was because they were custodians for hidden Quebec players. I turned Opus into a canary that served as a local proxy for the Windfall area play and a broader proxy for the Quebec resoruce sector. Opus One went from a tweety bird to near dead canary when Windfall failed to excite beyond Osisko and results of work done at Fecteau failed to excite the hidden shareholders. In early 2019 Opus optioned the Noyell project on the Casa Berardi Break east of the old Vezza Mine where Opus owned the Vezza North and Extension properties. Opus One's geologist Pierre O'Dowd was behind this project; a decade ago he had worked on it for a junior that used it as stepping stone for something "better" in Africa, and pulled the plug on the exploration strategy. Opus resumed that strategy in March 2020 with a 10 hole drill program but only got 2 holes done before Quebec pulled the plug on exploration due to Covid-19. This was a big disappointment because the Noyell target can only be drilled in winter when the swamp is frozen. When the holes were reported in early July and showed that the iron formation system was robust at depth and continued to the east if the IP survey is to be trusted, this near dead canary dragged itself off the cage bottom. Fecteau will only get some till sampling this summer, and even if it gets a couple holes to spend the flow-thru money, it would be very lucky to tag into a VMS zone right away. So this stock's market action will be about the resumption of drilling in January 2021 at Noyell, and thus it is now serving as a proxy for the awakening of a resource junior bull market. (Jul 15, 2020)
Orestone Mining Corp (ORS-V)





Captain Canada - British Columbia 2-Target Drilling Cu Au Sep 3, 2019 - 0:12:54

Osino Resources Corp (OSI-V)





Karibib Namibia - Other 3-Discovery Delineation Au Feb 13, 2020 - 0:15:40

Osisko Metals Inc (OM-V)





Pine Point Canada - Northwest Territories 5-PEA Zn Pb Jun 25, 2018 - 0:12:59

Dec 12, 2018 - 0:17:55

Jan 30, 2019 - 0:00:00

May 14, 2019 - 0:00:00

Osisko Mining Inc (OSK-T)





Windfall Canada - Quebec 5-PEA Au Mar 3, 2017 - 0:13:21

Apr 17, 2017 - 0:00:00

Jul 17, 2017 - 0:08:57

Feb 9, 2018 - 0:00:00

May 17, 2018 - 0:12:00

Oct 24, 2019 - 0:14:26

Pacific Empire Minerals Corp (PEMC-V)





Worldstock Canada - British Columbia 2-Target Drilling Cu Au Jun 4, 2020 - 0:26:25

Pacton Gold Inc (PAC-V)





Egina - Arrow Australia - Western Australia 2-Target Drilling Au May 29, 2018 - 0:08:49
Bellarmy Dome Australia - Western Australia 2-Target Drilling Au Jul 9, 2018 - 0:16:47
Egina - Friendly Creek Australia - Western Australia 1-Grassroots Au Feb 14, 2019 - 0:09:13

Peregrine Diamonds Ltd (PGD-T)





Chidliak Canada - Nunavut 6-Prefeasibility D Jul 10, 2017 - 0:23:15

Aug 4, 2017 - 0:02:40

Aug 25, 2017 - 0:20:50

Dec 1, 2017 - 0:07:31

Feb 16, 2018 - 0:15:44

Feb 23, 2018 - 0:00:00

Jun 4, 2018 - 0:06:52

Jul 23, 2018 - 0:31:14

Aug 13, 2018 - 0:15:28

Sep 18, 2018 - 0:23:44

PJX Resources Inc (PJX-V)





Vine Canada - British Columbia 2-Target Drilling Zn Pb Ag Jan 15, 2019 - 0:28:36

Mar 12, 2019 - 0:19:17

Apr 4, 2019 - 0:14:12

Aug 23, 2019 - 0:08:44

Playfair Mining Ltd (PLY-V)





Ox Mountain Ireland 2-Target Drilling Au Oct 21, 2016 - 0:19:29

Nov 4, 2016 - 0:14:54

Dec 9, 2016 - 0:00:00

Jun 4, 2018 - 0:15:01

Jun 25, 2018 - 0:00:00

Probe Metals Inc (PRB-V)





Val D'Or East Canada - Quebec 4-Infill & Metallurgy Au Dec 9, 2016 - 0:18:11

Mar 10, 2017 - 0:09:37

Feb 23, 2018 - 0:08:38

Quebec Precious Metals Corp (CJC-V)





Sakami Canada - Quebec 3-Discovery Delineation Au May 2, 2019 - 0:16:44
Kipawa Canada - Quebec 5-PEA REM Zr May 31, 2019 - 0:11:23

Radisson Mining Resources Inc (RDS-V)





O'Brien Canada - Quebec 5-PEA Au Nov 25, 2016 - 0:21:41

Radius Gold Inc (RDU-V)





Amalia Mexico - Other 3-Discovery Delineation Au Ag May 8, 2019 - 0:00:00

Rainy Mountain Royalty Corp (RMO-V)





Brunswick Canada - Ontario 2-Target Drilling Au Jan 13, 2017 - 0:19:12

Feb 10, 2017 - 0:03:46

Mar 3, 2017 - 0:04:43

May 26, 2017 - 0:09:22

Jul 17, 2017 - 0:19:02

Mar 19, 2018 - 0:16:18

Redstar Gold Corp (RGC-V)





Unga United States - Alaska 3-Discovery Delineation Au Oct 6, 2016 - 0:16:20

Oct 27, 2016 - 0:00:00

Dec 29, 2017 - 0:00:00

Renaissance Gold Inc (REN-V)





Jupiter United States - Nevada 2-Target Drilling Au Dec 8, 2017 - 0:31:54
South Roberts United States - Nevada 2-Target Drilling Au Mar 26, 2018 - 0:26:05

Jul 23, 2018 - 0:00:00
Ecru United States - Nevada 2-Target Drilling Au Aug 7, 2018 - 0:07:05

Oct 10, 2018 - 0:15:43

Nov 6, 2018 - 0:00:00

Feb 14, 2019 - 0:00:00
Ferguson Mtn United States - Nevada 2-Target Drilling Au Oct 11, 2019 - 0:18:41

Jun 11, 2020 - 0:09:59

Rugby Mining Ltd (RUG-V)





Motherlode Philippines 2-Target Drilling Au Cu Jun 26, 2019 - 0:27:09
Cobrasco Colombia 2-Target Drilling Cu Au Mo Dec 4, 2019 - 0:10:03

San Marco Resources Inc (SMN-V)





Chunibas Mexico 2-Target Drilling Au Nov 25, 2016 - 0:13:42

Mar 3, 2017 - 0:07:05

Jun 16, 2017 - 0:24:36

Aug 1, 2017 - 0:03:56

Scandium Intl Mining Corp (SCY-T)





Nyngan Australia - New South Wales 8-Construction Sc Nov 9, 2016 - 0:15:32

Nov 18, 2016 - 0:00:00

Dec 30, 2016 - 0:17:00

Jan 13, 2017 - 0:13:48

Mar 10, 2017 - 0:13:47

Apr 28, 2017 - 0:13:43

May 12, 2017 - 0:00:00

Jun 9, 2017 - 0:11:41

Jun 16, 2017 - 0:00:00

Aug 18, 2017 - 0:05:07

Sep 22, 2017 - 0:07:10
Kiviniemi Finland - Other 4-Infill & Metallurgy Sc Sep 30, 2017 - 0:02:45
Nyngan Australia - New South Wales 8-Construction Sc Dec 15, 2017 - 0:11:52

Jan 26, 2018 - 0:00:00

Feb 2, 2018 - 0:23:32

Mar 12, 2018 - 0:13:20

Apr 30, 2018 - 0:14:09

Aug 28, 2018 - 0:13:56

Sep 25, 2018 - 0:20:03

Oct 2, 2018 - 0:00:00

Dec 4, 2018 - 0:16:56

Dec 18, 2018 - 0:24:31

Jan 8, 2019 - 0:00:00

May 22, 2019 - 0:10:01

Jul 24, 2019 - 0:19:46

Nov 21, 2019 - 0:18:45

Dec 19, 2019 - 0:08:05

Feb 6, 2020 - 0:15:06

Apr 23, 2020 - 0:13:54

May 14, 2020 - 0:22:35

May 28, 2020 - 0:00:01

Serengeti Resources Inc (SIR-V)





Kwanika Canada - British Columbia 6-Prefeasibility Au Cu Ag Mo Sep 15, 2016 - 0:15:48

Sep 22, 2016 - 0:00:00
UDS Canada - British Columbia 2-Target Drilling Au Cu Oct 27, 2016 - 0:03:42
Kwanika Canada - British Columbia 6-Prefeasibility Au Cu Ag Mo Nov 18, 2016 - 0:12:58

Apr 7, 2017 - 0:05:10

Aug 1, 2017 - 0:00:00

Oct 6, 2017 - 0:00:00
UDS Canada - British Columbia 2-Target Drilling Au Cu Jan 15, 2018 - 0:11:33
Kwanika Canada - British Columbia 6-Prefeasibility Au Cu Ag Mo Jan 19, 2018 - 0:22:45

Oct 23, 2018 - 0:00:00

Nov 14, 2018 - 0:09:04

Jan 24, 2019 - 0:00:00

Sirios Resources Inc (SOI-V)





Cheechoo Canada - Quebec 4-Infill & Metallurgy Au Sep 8, 2016 - 0:02:50

Oct 6, 2016 - 0:00:00

Nov 4, 2016 - 0:07:20

Dec 9, 2016 - 0:13:03

Jan 27, 2017 - 0:00:00

Jul 17, 2017 - 0:00:00

Feb 20, 2019 - 0:25:34

Oct 24, 2019 - 0:00:01

Dec 11, 2019 - 0:20:47

Skeena Resources Ltd (SKE-V)





Snip Canada - British Columbia 4-Infill & Metallurgy Au Sep 22, 2016 - 0:11:00

Jan 19, 2018 - 0:34:39

Aug 28, 2018 - 0:09:35
Eskay Creek Canada - British Columbia 6-Prefeasibility Au Ag Sep 11, 2018 - 0:06:24

Nov 13, 2019 - 0:00:01

Solstice Gold Corp (SGC-V)





Kahuna Gold Canada - Nunavut 2-Target Drilling Au Apr 9, 2019 - 0:17:15

Oct 11, 2019 - 0:11:45

Sonoro Metals Corp (SMO-V)





Cerro Caliche Mexico - Other 4-Infill & Metallurgy Au Ag May 2, 2019 - 0:26:50

Jul 22, 2020 - 0:00:01
Sonoro Resources Corp was assigned a Bottom-Fish Spec Value rating on December 14, 2018 based on the company's plan to advance the 100% optioned Cerro Caliche gold-silver project in Mexico as an open-pit, heap leach operation that would start at a small scale with the dual purpose of demonstrating the recovery model and generating sufficient cash flow to fund future expansion of a much larger scale operation. Tracker April 11, 2019 describes the recent history of Sonoro, in particular the role of John Darch who emerged in late 2018 after a decade long sabbatical from the resource sector to take on the funding and marketing role at Sonoro after Gary Freeman unexpectedly passed away in early 2018. Sonoro was introduced to Discovery Watch in May 2019 based on management's rather unique plan to attract a Chinese "engineering, procurement and construction" (EPC) entity to fund and build a small open pit heap leach mine focused on a maximum 200,000 ounce resource. If this "pilot" operation was successful, Sonoro and the EPC would negotiate a deal for an expanded operation that tackles ten or so zones which have a tonnage footprint approaching 100 million tonnes, which, if definition drilling confirms the expected 0.4-0.6 g/t gold range with a 3-4 g/t silver kicker, would represent a 1.5-2.0 million ounce gold resource. In May 2019 gold was still below $1,300, so the Cerro Caliche plan clearly was an optionality bet on higher gold prices which hoped to minimize dilultion while demonstrating the mining plan plan with the help of the EPC. Gold began an uptrend in H2 of 2019 that remains intact today, so the original plan to mine 0.5 g/t ore is no longer an optionality story at $1,800 plus gold. But the arrival of Covid-19 in Q1 of 2020 sabotaged the ability of the Chinese EPC staff to travel to complete their due diligence of this project in Mexico's Sonora state. This created an existential crisis for Sonoro which needed to make staged property payments to keep title intact, which was accomplished by selling a royalty in another property and insiders loaning money to the company while allowing payables to accrue, resulting in an ugly balance sheet of a $1.3 million working capital deficit. To make matters worse, while the Chinese remained stranded offshore, Bay Street continued to sneer at a 0.5 g/t open pit heap leaching plan in Mexico. Management, noting that Bay Street was attracted to discovery exploration plays involving the rethink of existing gold systems, undertook a geological review of Cerro Caliche which included alteration studies of the ten or so zones that had been indentified within 200 metres of the surface. These zones consist of veinlets which individually can have high grades but when averaged deliver 0.4-0.6 g/t. The review led by Mel Herdrick concluded that most of the drilling of this low sulphidation epithermal system took place above the boiling zone where the veins tend to coalesce and bonanza gold-silver grades develop. The team also took heart from the Mercedes system 10 km to the southeast which was generated by the same intrusive center, which started as a low grade open pit operation, and which Prmier Gold was now mining underground for much higher grade ore. In late June 2020 Sonoro started marketing the idea of a USD $2 million financing for a 20 hole core program designed to test all the zones at a 150-350 m depth for bonanza grades, clean up the trade payables, and create a reserve for the next round of property payments in Q1 of 2021. Sonoro thus transformed itself from a low grade gold optionality play nobody but the Chinese wanted which would benefit from higher gold prices, into a dual play with bluesky high grade discovery potential that tapped into the dynamic driving the awakening resource junior bull market. Securing that financing will be critical to Sonoro's success potential. (Jul 22, 2020)
Sphinx Resources Ltd (SFX-V)





Cheechoo-Eleonore Trend Canada - Quebec 1-Grassroots Au May 12, 2017 - 0:21:31

Sun Metals Corp (SUNM-V)





Stardust Canada - British Columbia 4-Infill & Metallurgy Au Cu Ag Zn Jun 18, 2018 - 0:18:46

Sep 5, 2018 - 0:13:53

Nov 1, 2018 - 0:00:00

Nov 14, 2018 - 0:21:58

Jan 8, 2019 - 0:20:59

Feb 5, 2019 - 0:09:15

Apr 16, 2019 - 0:28:29

Jul 11, 2019 - 0:00:00

Aug 14, 2019 - 0:14:15

Sep 3, 2019 - 0:00:00

Oct 11, 2019 - 0:00:00

Jan 30, 2020 - 0:00:01

Taiga Gold Corp (TGC-CSE)





Fisher Canada - Saskatchewan 2-Target Drilling Au Feb 20, 2019 - 0:14:56

Jan 23, 2020 - 0:10:31

Apr 23, 2020 - 0:00:01

May 22, 2020 - 0:10:39

Titan Mining Corp (TI-T)





Empire State Mine United States - New York 8-Construction Zn Aug 23, 2018 - 0:04:23

Toachi Mining Inc (TIM-V)





La Plata Ecuador 4-Infill & Metallurgy Au Ag Cu Zn Pb Dec 29, 2017 - 0:18:32

Jan 19, 2018 - 0:30:01

Apr 23, 2018 - 0:07:46

May 7, 2018 - 0:21:46

Transition Metals Corp (XTM-V)





Aer-Kidd Canada - Ontario 2-Target Drilling Ni Cu Pt Pd Oct 3, 2016 - 0:07:14

Tri Origin Exploration Ltd (TOE-V)





South Abitibi Canada - Ontario 2-Target Drilling Au Cu Zn Oct 21, 2016 - 0:00:00

Mar 17, 2017 - 0:02:39

Mar 26, 2018 - 0:00:00
North Abitibi Canada - Ontario 2-Target Drilling Au Jun 12, 2019 - 0:20:36
South Abitibi Canada - Ontario 2-Target Drilling Au Cu Zn Nov 5, 2019 - 0:09:25
Sky Lake Canada - Ontario 2-Target Drilling Au Dec 4, 2019 - 0:21:33

Tsodilo Resources Ltd (TSD-V)





BK16 Botswana 5-PEA D Oct 27, 2016 - 0:16:05

Dec 13, 2016 - 0:20:38

Feb 24, 2017 - 0:04:26

Jun 23, 2017 - 0:00:00

Nov 17, 2017 - 0:13:51

Mar 2, 2018 - 0:30:30

Uravan Minerals Inc (UVN-V)





Outer Ring Canada - Saskatchewan 2-Target Drilling U Sep 15, 2016 - 0:00:05

Oct 6, 2016 - 0:11:08

Oct 13, 2016 - 0:00:00
Stewardson Canada - Saskatchewan 2-Target Drilling U Mar 10, 2017 - 0:18:05

Sep 1, 2017 - 0:03:04

Nov 17, 2017 - 0:05:53

Jun 12, 2019 - 0:00:00

Aug 14, 2019 - 0:06:56

Valore Metals Corp (VO-V)





Baffin Gold Canada - Nunavut 3-Discovery Delineation Au Jun 2, 2017 - 0:19:20

Vendetta Mining Corp (VTT-V)





Pegmont Australia - Queensland 4-Infill & Metallurgy Ag Pb Zn Oct 21, 2016 - 0:12:31

May 3, 2017 - 0:03:33

Jun 30, 2017 - 0:00:00

Sep 13, 2017 - 0:22:16

Verde Agritech Plc (NPK-T)





Cerrado Verde Brazil 9-Production K Feb 17, 2017 - 0:00:00

May 3, 2017 - 0:14:54

Jun 2, 2017 - 0:06:36

Nov 24, 2017 - 0:15:23

Mar 12, 2018 - 0:25:16

May 22, 2018 - 0:08:17

Jun 6, 2019 - 0:00:00

Nov 21, 2019 - 0:28:58

Mar 26, 2020 - 0:14:20
The main focus of Discovery Watch is to highlight the potential for a new exploration discovery or spotlight an unfolding discovery, and in that sense Verde Agritech Inc should not be featured on DW. But NPK's story is different type of discovery, namely the discovery that the multi-billion tonne "verdete slate" resource in Brazil, a potassium silicate compared to the salt based evaporite beds in Saskatchewan and eastern Europe from which the fertilizer potassium chloride is recovered, could compete with conventional KCl in Brazil. The assumed problem with the verdete slate is that without heat treatment in a rotary kiln which alters the chemical bonds of the silicate, the potassium is not available for plant update. NPK spent much of the decade studying the ThermoPotash process for converting the verdete slate into a whole rock fertilizer running 9%-11% K2O compared to the 60% K2O of KCl, and even developed the Cambridge process for converting the green rock into conventional KCl which proved subeconomic below $300/tonne where KCl ended up. But in late 2015 the scientists running the agronomic studies to prove the efficacy of ThermoPotash compared to KCl (which proved successful), noticed that the control plots fertilized with ground up, untreated verdete slate did just as well. Closer investigation revealed that while the silicate was indeed inert when exposed to water, it was being broken down in the presence of the secretions formed through a complex interaction between soil micro-organisms and plant roots. CEO Cris Veloso "discovered" that the verdete slate only needed to be quarried, crushed and milled to produce a natural whole rock product that he decided to market as Super GreenSand, both in small lots via Amazon in western markets to organic gardeners, and in large truckloads to Brazilian farmers. A PFS with a small CapEx for a staged internally funded expansion scenario from 300,000 tpa to 25 million tpa was completed in 2017. It has a wild and crazy $2 billion plus NPV which the market has ignored because the additional discovery it is watching for is Brazilian farmer adoption of SGS as an alternative to KCl. Quarrying permits arrived in mid 2018, so NPK missed part of the July-November planting and fertilizing window in the Brazilian crop cycle but did get a good demand response. Commissioning problems in 2018, however, hurt NPK's ability to fulfill all its orders. In 2019 NPK stumbled when a marketing campaign failed to generate enough orders to sell out the 170,000 tpa for which the phase I facility is currently permitted. 2020 is a key year because NPK has addressed initial operational and marketing issues. Will its pricing model, which is linked to fixed costs and the price of farm delivered KCl, be acceptable to farmers so that the internal cash flow funded expansion scenario outlined by the PFS becomes plausible? Will the farmers observe that the SGS fertilizer is just as effective as KCl in the plots they risked for this experiment, and come back in 2020 with much bigger orders? If NPK succeeds with its Super GreenSand marketing strategy it will be transformational for Brazil's current 90% import dependency on potassium chloride. The covid-19 crisis, with its potential to temporarily disrupt potash mining and shipping, creates a new urgency for Brazil's agricultural sector to adopt Super GreenSand as an alterative to imported potash.If NPK fills its permitted capacity order book and delivers the goods in 2020, while at the same time securing approval for a separate expanded quarrying permit, the stock will capture the market's attention. (Mar 27, 2020)
VR Resources Ltd (VRR-V)





Bonita United States - Nevada 2-Target Drilling Cu Au Sep 13, 2017 - 0:32:20

Nov 7, 2017 - 0:10:09
Ranoke Canada - Ontario 2-Target Drilling Cu Au Feb 13, 2020 - 0:05:03

Mar 19, 2020 - 0:00:01
Big Ten United States - Nevada 2-Target Drilling Au Apr 15, 2020 - 0:09:32

Wesdome Gold Mines Ltd (WDO-T)





Kiena Complex Canada - Quebec 4-Infill & Metallurgy Au Oct 3, 2016 - 0:00:00

Nov 18, 2016 - 0:19:10

Feb 10, 2017 - 0:08:44

Mar 24, 2017 - 0:00:00

Jan 30, 2019 - 0:09:50

Westhaven Gold Corp (WHN-V)





Shovelnose Canada - British Columbia 3-Discovery Delineation Au Ag Oct 23, 2018 - 0:07:02

Nov 1, 2018 - 0:09:36

Dec 18, 2018 - 0:18:15

Jan 24, 2019 - 0:15:34

Apr 25, 2019 - 0:00:00

May 31, 2019 - 0:17:53

Sep 3, 2019 - 0:07:28

Sep 10, 2019 - 0:22:40

Oct 16, 2019 - 0:17:39

Dec 11, 2019 - 0:00:01

Wolfden Resources Corp (WLF-V)





Pickett Mountain United States - Maine 4-Infill & Metallurgy Zn Pb Cu Ag Au Aug 23, 2018 - 0:12:36

Jan 8, 2019 - 0:11:07

Apr 4, 2019 - 0:00:00

Jun 19, 2019 - 0:19:14

Nov 27, 2019 - 0:00:01

Jun 4, 2020 - 0:15:03

Jul 15, 2020 - 0:12:44
Wolfden Resources Corp was introduced to DW in August 2018 based on the intriguing story of Maine reforming its mining code and re-opening itsef to exploration after more than a decade of no trespassing signs. Wolfden was a first mover to do a deal on the Pickett Mtn VMS system which Getty found and explored during the 1980's. Since then we have been watching to see if Wolfden can expand the existing resource. This was accomplished with the January 2019 resource estimate for the West-East lenses after drilling pushed the West Lens deeper. 2019 was supposed to be the year Wolfden discovered new lenses in the Footwall Zone and in fold limbs parallel to the West-East lens limb. But technical drilling problems turned the campaign into a bust except for a teaser stringer zone in which the last hole was lost. But during 2019 Wolfden flew geophysical surveys, not just on the property, but also on a 30 km by 10 km grid covering geology similar to that which hosts the Bathurst Camp in New Brunswick and Buchans in Newfoundland. To avoid equity dilution Wolfden raised USD $3.5 million January 2020 by selling timber rights. It also filed for land use rezoning from logging to industrial for a 500 acre parcel that would be the site for mining infrastructure. This rezoning is necesaary for a mining permit application and they hope to get it by Q1 of 2021. In early Q3 2020 Wolfden will publish a PEA for a 1,000 tpd UG mine which was the basis for the rezoning application. I created a SC 1,000 tpd scenario OV in the ShareCollective which yields a USD $135 million after-tax NPV that implies a future CAD $1.24 stock price, but that is a worst case scenario. Much more interesting is the exploration potential to boost the existing resource to 10 million tonnes at the same grade so as to support a 2,000 tpd scenario with a 10 year mine life. The SC 2,000 tpd scenario is much more interesting at USD $464 million NPV with a corresponding CAD $4.26 stock price. Wolfden began a 5,000 m drill program in July 2020 designed to test multiple new targets at Pickett Mtn whose EM conductors represent potential tonnage footprints of 15-20 million tonnes. The DW hope is that Wolfen turns one or more of these targets into satellite massive sulphide zones that boost the resource towards 10 million tonnes. Failing that, Wolfden is negotiating with landowners for deals on some of the sourrounding area it flew in 2019. If successful, the play turns into a regional quest for Buchans scale VMS clusters. On July 13, 2020 John Kaiser conducted a Zoom Interview with CEO Ron Little and Expl VP Don Dudeck. (Jul 15, 2020)
Zephyr Minerals Ltd (ZFR-V)





Dawson-Green Mtn United States - Colorado 5-PEA Au May 8, 2019 - 0:23:39

Sep 17, 2019 - 0:00:00

Jan 23, 2020 - 0:18:14
El Plomo United States - Colorado 2-Target Drilling Zn Pb Ag May 22, 2020 - 0:18:10

Jun 18, 2020 - 0:00:01

Jul 22, 2020 - 0:10:40

 
 

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