Saturday, 8 September 2012

In a Discovery Cycle - Northquest, Reservoir, Comstock, Carlin Gold

A number of exploration programmes are bearing the fruits of investment over the past few years. 
We are "In a Discovery Cycle" as Rick Rule describes it.

A breakout in the majors, increasing the value of their stock "paper", could light a fire under Mergers and Acquisitions. 
Buyout funds received by stock-holders could well be re-deployed to other quality juniors and explorers.

News from Northquest (NQ.v) in Canada's Nunavut, discover 164m grading 5.4g at their Pistol Bay Gold Project.
At 57c $17m mkt cap. Clearly very early stage.

Northquest - NQ.v

Reservoir Minerals (RMC.v) has released a spectacular drill result at their Timok drill site in Serbia under JV with Freeport McMoran. At $3.39, a $108m cap where freeport has earned a 55% ownership stake already.
Brent Cook's Exploration Insights headlined field reviews from Timok and also Goldquest's Romero on September 4th.
 160m @ 10% copper equivalent (5.4g gold, 6.9% copper)

Reservoir Minerals (RMC.v)

Comstock Metals (CSL.v) have generated a lot of interest in their sampling results in the Yukon, and drawn Rob McLeod to their board.  @ 36c a mkt cap of $23m

Comstock Metals (CSL.v)

And one moving well on no news yet other than commencement of a drill programme and a large stake bought by Hedge fund manager Thomas Kaplan's Electrum, is Carlin gold (CGD.v) exploring in Nevada's Cortez trend, near Barrick's recent discoveries.

Carlin Gold (CGD.v)

For other interesting Nevada and Yukon companies see the "Regional Exploration" page at the top of the blog.

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