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Author: RCFS Web

Red Cloud | redcloudfs.com

Libero Copper & Gold Corp. (TSXV:LBC) – Full Results for First Hole at Mocoa: 0.89% CuEq over 557m

Libero announced complete assays from the first diamond drill hole (MD-043) of the Phase 1 (5,000m) drilling program at its 100%-owned Mocoa porphyry Cu project in Colombia. MD-043 returned 0.89% CuEq (0.62% Cu and 0.083% Mo) over 557m with higher-grade sub-intervals. We estimate that MD-043 extended mineralization a further ~300-400m below the existing resource boundary as well as laterally away from hole M25. We believe hole MD-043 should help upgrade the existing ~4.6B lb Cu resource at Mocoa from the inferred to indicated category and could likely improve the resource grade. In our view, upgrading the inferred resources to a higher classification at Mocoa and deposit growth are key to a potential re-rating.

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Red Cloud | redcloudfs.com

Galleon Gold Corp. (TSXV:GGO) – Exploration and Development Plans Picking up for 2022

Galleon announced its exploration and permitting plans for 2022 at its West Cache Au project in the Timmins, Ontario area. The company recently closed a $3.5M flow-through and non-flow-through financing, thus it is funded for its 2022 plans. We have adjusted our target price to take into account the financing and share consolidation. Galleon is funded for exploration and permitting work, including drilling at high-grade targets as well as early-stage exploration on newly acquired properties that expand its West Cache project. We continue to believe there is significant upside potential as the company continues to advance West Cache toward a bulk sample program.

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Red Cloud | redcloudfs.com

Grid Metals Corp. (TSXV:GRDM) – More High-Grade Li Intercepts at Donner Lake

Grid Metals announced additional results from the 2022 exploration program at its 75%-owned Donner Lake Li property in SE Manitoba – 25% is owned by its JV partner Lithium Royalty Corp. (Private). This batch of assays returned grades of up to 1.62% Li2O over 4.1m. While the intervals from the newly reported holes are not as long as those reported in holes -01 and -02 (read more), the results show mineralization at the Northwest Dyke has a consistent grade profile along the 500m of strike length drilled to date. We continue to view drill results from Donner Lake favorably as the grades compare well to Li peer company resources, including Critical Elements Lithium (TSXV:CRE, Not Rated) at 0.85% Li2O, Rock Tech Lithium (TSXV:RCK, Not Rated) at 1.1% Li2O and Foremost Lithium (CSE:FAT, Not Rated) at 0.9% Li2O.

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Red Cloud | redcloudfs.com

BMI and Red Cloud’s Lithium-ion Battery Supply Chain Conference – Conference Recap

Yesterday, Benchmark Mineral Intelligence (BMI) and Red Cloud hosted the Lithium-ion Battery Supply Chain Conference, which featured 13 presenting lithium and battery metal companies and four keynote speakers: Andy Miller and Daisy Jennings-Gray from Benchmark Intelligence, Sam Pigott from Ganfeng Lithium, and Iola Hughes from Rho Motion. The conference had close to 300 participants registered in advance of the event. With this note, we want to provide a quick recap of the highlights from the conference for those who were unable to attend the event.

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