April 14, 2022 Kesselrun Resources Ltd. (TSXV:KES, BUY (S), C$0.45 target, Taylor Combaluzier) announced that its 2022 drill program on its 100%-owned Huronian gold project is
Yesterday, Red Cloud hosted the second of its three-day 2022 Very Pre-PDAC Mining Showcase, which featured 32 presenting companies and a fireside chat with Ross Beaty, Chairman of Equinox Gold Corp. Over 1,750 participants have registered for 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 live event (see our Day One recap here). If you would like to attend Day Three of Red Cloud’s 2022 Very Pre-PDAC Conference, register here. Replays are available on the Red Cloud website.
Kesselrun announced results for nine holes from its 2021 drilling program (19,750m) at the Fisher zone, part of its 100%-owned Huronian Au project in Ontario. We view these results positively as ongoing modeling of the Fisher zone has identified multiple new, high-grade zones in both the footwall and hanging wall sides of the zone, located in close proximity. We are encouraged to see the identification of multiple new zones at Fisher and believe they could positively impact a potential future resource update. As we outlined in our initiation report, we believe that the Fisher and McKellar zones should form the basis for a future mineral resource update that we estimate would likely fall between 0.5M to 1.0M oz Au.
Kesselrun released additional assay results from 2021 drilling (19,750m) for the McKellar zone at its 100%-owned Huronian Au project in Ontario. The results include wider Au intercepts, which demonstrate broader Au mineralization at McKellar. Drilling continues to expand the zone along strike and at depth. In our view, this growing zone should positively impact a future mineral resource update. We are encouraged to see the McKellar zone continuing to expand and believe it should be a key component of a future mineral resource update. As indicated in our initiation report, we believe an updated mineral resource estimate at the Huronian project would likely fall between 0.5-1.0M oz Au.
December 22, 2021 Kesselrun Resources Ltd. (TSXV:KES, BUY (S), C$0.50 target, Taylor Combaluzier) provided a year-end update highlighting the progress at its 100%-owned Huronian and
December 9, 2021 Kesselrun Resources Ltd. (TSXV:KES, BUY (S), C$0.50 target, Taylor Combaluzier) has closed its non-brokered private placement for gross proceeds of C$3M. The
Yesterday, Red Cloud hosted the first day of its three-day 2021 Oktoberfest Fall Mining Showcase, which featured 26 presenting companies including our keynote speaker Dr. Thomas Brady, Managing Director of Capitalight Research Inc., and had over 1,000 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 live event. If you would like to attend Day Two and Three of Red Cloud’s Oktoberfest Fall Mining Showcase, register here. Replays are available on the Red Cloud website.
Kesselrun released results for 10 additional drill holes from the Fisher zone (Figure 1) at its 100%-owned Huronian Au project in Ontario. These results have confirmed the continuity of mineralization between two high-grade shoots, thereby connecting them into one larger mineralized zone. In our view, this expanded zone should positively impact a future mineral resource update for the Fisher zone. We are encouraged to see the Fisher zone continuing to expand and believe it should be a key component of a future mineral resource update. As indicated in our initiation report, we believe an updated mineral resource estimate at the Huronian project would most likely fall between 0.5-1.0M oz Au.
Q3 operating and financial results are to be announced over the next few weeks. While gold is out of favour, prices have been trading within a narrow window that have allowed companies to continue to turn profits, despite an uncertain outlook. Late summer was hard on most commodities as precious and industrial metals alike fell on a slowdown in global economic growth due to surging fuel prices, Chinese power restrictions, labour shortages, disrupted global supply chains and a stronger USD. Metal prices came under further pressure as major property developer Evergrande missed further bond payments, impacting iron ore and copper prices. With this update, we provide new commodity price and FX forecasts, updated coverage estimates, and a fresh set of top picks.
September 24, 2021 Kesselrun Resources Ltd. (TSXV:KES, BUY (S), C$0.50 target, Taylor Combaluzier) announced additional results from eight holes at the McKeller zone, part of