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KRO Profile
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Price:$0.700  Open Rec:See Strategy
Market Cap:$82,288,480  WC % of Mkt Cap:31%
Working Cap:$25,303,115  As of:12/31/2021
Issued:117,554,971  Insider %:18.4%
Diluted:126,923,894  Story Type:Resource: Discovery Exploration
Key People:Matti Talikka (CEO), David Lotan (Chair), Mark Serdan (CFO),
SV Rating: Fair Spec Value - Favorite - as of December 31, 2021: Aurion Resources Ltd is a Fair Spec Value rated Favorite at $1.30 effective December 31, 2021 based on its strategic land position within the Central Lapland Greenstone Belt of northern Finland where a 4 million ounce gold discovery in 2020 by Rupert Resources Ltd is likely to result in a district consolidation over the next two years. The CLGB has a scale similar to the Abitibi Greenstone Belt but has recorded the discovery of only 9.1 million ounces gold compared to 85 million ounces in the Abitibi largely due to relative under-exploration. Finland's geological survey, GTK, dominated exploration activity and outlined a 285,000 oz orogenic style gold deposit in 1987-1991 at the Suurikuusikko project. In 1997 Finland changed its mining code to allow exploration by foreigners; Riddarhyttan Resources AB won the public tender in 1998 and delineated the deposit with backing from Agnico-Eagle which acquired the entire project in 2005 and put it into production as the 6,000 tpd Kittila Mine in 2009. At the end of 2020 the Kittila resource stood at 4.1 million oz (30 million t @ 4.16 g/t Au) with Agnico-Eagle guiding 250,000 oz production for 2021 and a mine life until 2034. Aurion was a struggling prospect-generator-farmout junior when David Lotan took charge and refocused the junior to Finland by acquiring a major land position in 2014 from Dragon Mining Ltd. The geological hypothesis was that the 120 km long Sirkka Shear Zone was the crustal scale equivalent to the Destor-Porcupine Fault that runs through the Timmins District in Ontario and that tens of million ounces remained to be found by exploring the splays that come off this structure. This flew in the face of the fact that the refractory Kittila Mine is more than 20 km from the SSZ. A large portion of the land packag...(see Profile for full Overview)
Last KRO Comment - Jan 24, 2022: Tracker: Spec Value Rating for Aurion Resources Ltd
Recent News - Jun 13, 2022: Aurion B2Gold JV Extends Gold Mineralization at Helmi and Intersects New Zone of Gold Mineralization to the Northwest
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Risti 100% WI Finland Other 3-Discovery Delineation $89 Gold Shear / Vein
Kutuvuoma 30% WI Finland Other 3-Discovery Delineation $296 Gold Orogenic Vein
Launi 100% WI Finland Other 2-Target Drilling $89 Gold Orogenic Vein
Silaskaira 30% TC Finland Other 1-Grassroots $296 Gold Orogenic Vein
Price:$1.870  Open Rec:See Strategy
Market Cap:$318,696,835  WC % of Mkt Cap:2%
Working Cap:$7,328,459  As of:11/30/2021
Issued:170,426,115  Insider %:14.9%
Diluted:202,603,766  Story Type:Resource: Discovery Exploration
Key People:Hugh (Mac) Balkam (CEO), Carmelo Marrelli (CFO), John DeDecker (VP EX), M. Robert Myhill (VP FI), William R. Johnstone (Sec),
SV Rating: Fair Spec Value - Favorite - as of December 31, 2021
Last Corporate Change - Nov 3, 2009: 1:1 Name Change from Kenrich-Eskay Mining (KRE-V)
Last KRO Comment - Sep 18, 2020: Tracker: What's Next for Eskay Creek Mining Corp?
Recent News - May 31, 2022: Commences 30,000 Meter Drill Program at Consolidated Eskay VMS Project, Golden Triangle British Columbia
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Eskay 100% WI Canada Golden Triangle 3-Discovery Delineation $379 Gold Silver Copper Lead Zinc VMS
North Mitchell 80% WI Canada Golden Triangle 2-Target Drilling $474 Gold Epithermal Vein
Price:$0.415  Open Rec:See Strategy
Market Cap:$83,258,751  WC % of Mkt Cap:9%
Working Cap:$7,301,649  As of:12/31/2021
Issued:200,623,497  Insider %:12.2%
Diluted:219,244,747  Story Type:Resource: Feasibility Demonstration
Key People:Robert Hinchcliffe (CEO), Robert D. B. Suttie (CFO), Rafael Solis (VP FI), Lawrence J. Strauss (VP CD),
SV Rating: Fair Spec Value - Favorite - as of December 31, 2021: Galway Metals Inc is a Fair Spec Value rated Favorite as of December 31, 2021 based on its efforts since 2016 to demonstrate the multi-million ounce district scale gold potential of the 100% owned Clarence Stream project in New Brunswick, and to show that the Estrades polymetallic VMS system in Quebec has significant resource expansion potential at depth and that the 31 km long property can yield an entirely new VMS discovery at the Newiska target about 10 km to the east. Tracker Feb 18, 2020 describes Galway's origin as a spinout from CEO Robert Hinchcliffe's Galway Resources Ltd which was bought out in 2012 for its property near Ventana's La Bodega gold discovery in Colombia and provides background for the Clarence Stream project. Tracker Aug 23, 2021 provides an overview of Galway's recent objectives for the Clarence Stream and Estrades projects. The 60,000 ha Clarence Stream project straddles 65 km of the Appalachian Gold Trend which stretches from the Carolinas through Newfoundland and Ireland into Scandinavia. The key structural feature at Clarence Stream is the east-west oriented Sawyer Brook Fault which cuts through Ordovician and Silurian metasediments that have been intruded by various stocks that served as the heat engines for creating quartz vein hosted stockwork and disseminated gold mineralization of the intrusion related gold system style. Since 2016 Galway has drilled about 130,000 m on top of the 60,000 m drilled by previous owners, most of it focused on the cluster of new zones discovered in late 2017 about 7 km southwest of the existing North and South zones for which 9,586,000 tonnes of 2.17 g/t gold OP and UG mineable (667,000 oz) was estimated in 2017 (M+I+I). Galway established a data cutoff at the end of 2021 for the purpose of delivering an init...(see Profile for full Overview)
Last Corporate Change - Sep 16, 2013: 3:1 Rollback with no Name Change
Last KRO Comment - Jan 19, 2022: Tracker: What's Next for Galway Metals Inc?
Recent News - Jun 8, 2022: Update to Insider Purchases
  Project Interest   Country Region Stage IPV
($mm)
Target Deposit
Model
Clarence Stream 100% WI Canada New Brunswick 4-Infill & Metallurgy $91 Gold Antimony Intrusion Related Gold System
Estrades 100% WI Canada Quebec 4-Infill & Metallurgy $91 Zinc Copper Gold Silver VMS
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