Erik Wetterling – Value Propositions In Headwater Gold, Altamira Gold, And Cabral Gold
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to review the value proposition that has his attention in the 3 gold exploration companies, that have compelling drill targets, large strategic shareholders, and the potential for rapid upside moves if they make more compelling discoveries while expanding resources.
>> The companies we discussed in the interview are:
Headwater Gold Inc. (CSE: HWG, OTCQB: HWAUF) announced July 22nd that it has signed a non-binding Letter of Intent (“LOI”) with a subsidiary of OceanaGold Corporation (TSX: OGC, OTCQX: OCANF). The parties propose to enter into a definitive agreement within 90 days for OceanaGold to acquire an option to earn up to a 75% interest in Headwater’s TJ, Jake Creek and Hot Creek projects in Nevada through staged exploration expenditures totalling up to US$65,000,000 and the completion of Pre-Feasibility Studies.
Additionally, Headwater Gold announced on July 24th that drill permitting has advanced through the formal public scoping phase on Headwater’s Lodestar project, located in western Nevada. Project scoping marks a significant step toward securing final drilling approval following the submission of a Plan of Operations to undertake a proposed 3,500-metre drill program. The Lodestar project is being explored in partnership with Newmont Corporation (NYSE: NEM, TSX: NGT, ASX: NEM) through an earn-in agreement announced on May 9, 2023.
Altamira Gold Corp. (TSXV: ALTA) (FSE: T6UP) (OTCID: EQTRF) – On July 17th announced the mobilization of a diamond drill rig to the Cajueiro gold Project, in Brazil. Drilling will initially focus on testing depth and lateral extensions to the recently defined maiden mineral resource at Maria Bonita, followed by the drill testing of several recently identified porphyry targets within the Cajueiro district. The company is cashed up for this exploration program after having raised $5.28 Million in a non-brokered Private Placement announced on July 2nd.
Cabral Gold Inc. (TSXV: CBR) (OTCQB: CBGZF) announced today the results of an updated Prefeasibility Study (“Updated PFS”) on the development of near-surface gold-in-oxide material at the Cuiú Cuiú gold district in Brazil. (we had recorded this interview yesterday and were unaware that this news would drop literally the next day, but this PFS shows the value proposition Erik outlined in the plan to develop and mine the saprolite for gold and earlier on cash flows from production to feed the exploration).
The Updated PFS, led by Ausenco do Brasil Engenharia Ltda. (“Ausenco”), resulted in significant improvements to the amount of gold produced, mine life, Net Present Value and Internal Rate of Return. These results confirm the Cuiú Cuiú gold-in-oxide starter project provides a high return and a low capital entry point to mine gold, with production possible within 12 months from an investment decision.
* In full disclosure, some companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording.
Click here to follow Erik’s analysis over at The Hedgeless Horseman website
.
.
As mentioned at the tail end of the interview with Erik, we are hosting a webinar tomorrow July 30th with Silver Tiger Metals, a junior silver and gold explorer and developer operating in Mexico.
This event is free to attend and starts at 10:00 AM (Pacific Time) / 1:00 PM (Eastern Time).
Register in advance at the link below:
.
https://us06web.zoom.us/webinar/register/WN_atUvdmqPTf6Hudl1XpqWQg
Hi there Bonzo. I’ve been talking to the management team over at Sonoro Gold for over a year now, and they remain very constructive that they’ll eventually get their open-pit permit to begin mining.
Yes, I just had the CEO, Ken MacLeod, on the KE Report show earlier this month.
Sonoro Gold – Value Proposition For The Cerro Caliche Gold Project And The Pathway From Development Towards Production In Mexico
Thanks. I bought some Sonoro after hearing them speak to Don Durrett. I now remember hearing your interview too. Let’s hope they get their permit, Heliostar looks like the safer bet now.
have you sold your ESK or do you think they will find something?
I like Don Durrett and will likely be bringing him on the show here at one point, as we’ve chatted at a few conferences.
Yes, Heliostar is a way safer bet at this point as they are actually in production at La Colorada, and then just got their permit to begin mining and producing in a more meaningful way over the next year at San Agustin. Then their Ana Paula development project is a beast.
Yeah, Sonoro is basically planning the organic growth by going into production on 30% of the known resource, to help fund the 70% that is still open and prospective to for expansion. They are just holding tight for their permit, but will likely have a big rerating when they recieve it.
As for Eskay Mining, I’ve never owned it. I do own Skeena with the Eskay Creek deposit though…
Bubba Horowitz and Michael Pento get it.
https://www.youtube.com/watch?v=w_MPldV7wRM
Excelsior, what do you think of SMOFF’s chances of getting an open pit mining permit south of the border, down Mexico way? Have they ever been on the KE report? I did not buy any more mining stocks today. I must get control of myself.