When it comes to following up on a new discovery what invalidates it?
Steve Todoruk, Investment Executive, Geologist at Sprott Global Resources joins me to share his insights on the pullback in gold and gold stocks. We discuss what it will take to bottom the stocks. We then move into Steve’s specialty which is on discovery plays. We typically discuss the drilling that validates discoveries but this time I ask Steve what type of results invalidates a discovery. Hopefully this helps all of you not get stuck in a company that is not onto a significant discovery.
As noted if you want Steve to comment on any of the stocks in your portfolio or ones that you are looking at you can email him at STodoruk@sprottglobal.com. If you can not get a hold of Steve, or would like my thoughts as well, my emails address is Fleck@kereport.com.
(VG) (VLMZF) Volcanic extends Pyramid Hill and Zapote vein systems
Mar 2, 2021
Simon Ridgway, Volcanic’ s CEO stated, “The results of the recently completed mapping and sampling program have extended the PH and M28 vein systems by a further 1km to the southeast beyond the historic drilling. Of note, the zones appear to be trending together and importantly we are starting to see elevated mercury, arsenic and antimony indicating that the historic drilling appears to have explored the upper part of the epithermal system above the potential bonanza gold-silver zone. These new anomalies represent significant potential for discovery at Pyramid Hill. We are also very excited about the Zapote system, where a robust 1.5km long epithermal system has been outlined and which is completely undrilled. Drill permits have been submitted to the Ministry of Environment and Natural Resources for these targets and we are optimistic that we will be able to test them later in the year following the completion of the drilling at the Holly Project.”
https://www.volgold.com/news/2021/volcanic-extends-pyramid-hill-and-zapote-vein-systems/
Enjoy hearing from Steve – he’s a keeper!
en drills 455m of 1.13 g/t TotPtEq at Stillwater
2021-03-03 12:27 ET – News Release
Mr. Michael Rowley reports
GROUP TEN DRILLS HIGH-GRADE NICKEL SULPHIDE IN 455 METERS OF CONTINUOUS PALLADIUM, PLATINUM, RHODIUM, GOLD, COPPER, AND COBALT MINERALIZATION AT THE STILLWATER WEST PROJECT IN MONTANA, USA