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Author: ekhazzaka

Red Cloud | redcloudfs.com

Reyna Silver Corp. (TSXV:RSLV) – Initial Drill Results at Batopilas Return High-Grade Ag-Au

Reyna reported initial drilling results from its 100%-owned Batopilas project in Mexico. The results are from the first seven holes, totaling 1,095m, from the ongoing 10,000m Stage 1 drill program. Batopilas is known for high-grade native Ag veins, and initial drilling did not disappoint. However, the extensive gold encountered, not only in the Teodoro vein but also with the high-grade silver, is a bit of a positive surprise.

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Red Cloud | redcloudfs.com

Great Panther Mining Ltd. (TSX:GPR) – TAP C Drill Results, Regional Exploration Show Tucano Upside

Great Panther reported Phase 2 drilling and regional exploration results from its 100%-owned Tucano gold mine in Brazil. To date, most of the drilling has focused on the 7km mine trend, which hosts multiple open pits. The remainder of the ~2,000km2 property has seen limited historic exploration, and the company is conducting a regional program focused on identifying targets within 20km of the mine. We believe the greenstone belt has great exploration upside and the company has the possibility of making a new discovery in this area. Additionally, TAP C could give Tucano operational flexibility with new production fronts from shallow pits close to the plant.

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Red Cloud | redcloudfs.com

Whitehorse Gold Corp. (TSXV:WHG) – Galloping Towards Gold Development in the Yukon

We are initiating coverage on Whitehorse Gold Corp. (TSXV:WHG) with a BUY rating and C$2.15 target price. Whitehorse is focused on exploration and development at its 100%-owned Skukum project in the Yukon. With Whitehorse starting its first exploration program at Skukum and an 18,000m drill program underway, we believe this high-grade deposit is primed with investor opportunity. Drilling results could help boost WHG’s share price in the near term, and in the longer term we look for the company’s stock to re-rate as it climbs the development curve.

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