Walter Coles, President and CEO of Skeena Resources (TSX-V:SKE & OTCQX:SKREF) joins me for a comprehensive update on the drill program that is underway at the Eskay Creek Property. 4 drill rigs are now on site with a focus on infill drilling with also an exploration component. The increase in exploration drilling is a new development since the Company reported some good results in new areas. We also touch on the drill program at Snipp which is completed and assay results are pending.
Jose Vizquerra, President and CEO of O3 Mining (TSX.V:OIII) joins me for a quick update on the 50,000 meter drill program underway. We look ahead to next year when the total number of drills onsite will be increased to 4 (from 2 currently) with the goals of expanding the resource and getting abetter understanding of the geology. There will be a lot of news coming out of the Company for the foreseeable future.
Click here to visit the O3 Mining website for more information. Also please email me with any questions you have for Jose regarding O3 Mining – Fleck@kereport.com.
Last week Riverside Resources (TSX.V:RRI & OTCQB:RVSDF) announced its third project acquisition in Ontario, Canada. The Company added the Pichette Gold Project, located in the Beardmore-Geraldton Greenstone Gold Belt.
A new guest to the show Freeman Smith, Riverside’s VP Exploration joins me to share what attracted the Company to this project. We discuss the largest mine in the area, the Hardrock Gold Mine as well as some of the other projects and deposits. We wrap up the call with the work planned for next year and the permitting process.
Please email me with any other questions you have for the team over at Riverside.
Yesterday Goldplay Exploration (TSX.V:GPLY & OTCQB:GLYXF) released 4 drill holes, drilled at the Nava Target on the San Marcial Project, of which 3 hit mineralization of gold or silver. Marcio Fonseca, President and CEO of Goldplay, joined me to share some more information on these drill results. We discuss the goals of the drill program, significance of the high grade findings, the narrow widths of the results, and what work is planned heading into next year.
If you have any follow up questions for Marcio or I please email me at Fleck@kereport.com.
Quinton Hennigh, President and Chairman of Novo Resources (TSX-V:NVO & OTCQX:NSRPF) joins me for an in depth discussion recapping the news from November 12th outlining the advancements in the mechanical sorting technology. We chat about the highlights and what it coupe mean for all the projects in the Novo portfolio as well as answer some of your questions regarding costs and outlook moving forward.
Please keep your questions coming by emailing me at Fleck@kereport.com.
Earlier this month I interviews Glen Parsons, President and CEO of Awale Resources (TSX.V:ARIC) regarding the start of a drill program testing two new targets at the Bondoukou Project in Côte d’Ivoire. On Tuesday the Company released news on the first two drill holes and a new discovery. The headline numbers being 18.15meters at 4.9g/t gold and 27meters at 3.1g/t gold. Glen joins me for a follow up and discussion on what this means moving forward with the drill program.
Click here to read the full news release. And please email me with any questions – Fleck@kereport.com.
Just a couple weeks ago I introduced China Gold International Resources (TSX:CGG) and the overall production profile and strategy moving forward. Recently the Company released its Q3 2019 financials that showed a nice increase in revenues to almost USD$500 million over the three quarters. To get a little more information on the production growth and to dive into some of the costs I chatted with the Executive Vice President Jerry Xie.
Please email me with any thoughts or questions on the Company. I am happy to share my thoughts and get whatever questions you have answered. My email is Fleck@kereport.com.
It’s been a while since I had the chance to chat with Fred Davidson over at Impact Silver (TSX.V:IPT & US:ISVLF). The Company has been working hard this year by focusing on cash flow positive production and exploration on new targets to expand current resources and find new deposits. Fred and I discuss all of these points with a focus on the strategy for next year.
Last week Cypress Development Corp (TSX.V:CYP & OTCQB:CYDFV) announced that NORAM Engineering was contracted to start concept testing at the Clayton Valley Lithium Project. This Project is one of the more advanced Lithium Projects in North America. This concept testing is a key step in completing the PFS that is scheduled form early next year.
Bill Willoughby, CEO of Cypress joined me for a discussion on the importance on this testing and updated flow sheet while moving forward with the FFS. Please email me with any other questions for Bill and his team over at Cypress, my email is Fleck@kereport.com.
Last week Skeena Resources (TSX.V:SKE & OTTQX:SKREF) released a much anticipated PEA on the Eskay Creek Project. Here are some of the key numbers outlined in the news release…
- High-grade open-pit averaging 3.23 g/t Au, 78 g/t Ag (4.17 g/t AuEq) (diluted)
- After-tax NPV5% of C$638M (US$491M) and 51% IRR at US$1,325/oz Au and US$16/oz Ag
- After-tax payback period of 1.2 years
- Pre-production capital expenditures (CAPEX) of C$303M (US$233M)
- After-tax NPV:CAPEX Ratio of 2.1:1
- Life of mine (“LOM”) average annual production of 236,000 oz Au, 5,812,000 oz Ag (306,000 oz AuEq)
- LOM all-in sustaining costs (AISC) of C$983/oz (US$757/oz) AuEq recovered
- LOM cash costs of C$949/oz (US$731/oz) AuEq recovered
Walter Coles, Skeena’s President and CEO joined me for a closer look at the PEA and to answer some of my questions and the questions that were emailed to me by all of you. We focus on the key financial numbers and some of the smaller points like strip ratio and decision to produce and ship a concentrate. We wrap up the interview discussing the options the Company is weighing for the other projects in its portfolio, Snip and GJ.
Please email me if you have any further questions for Walt. My email address is Fleck@kereport.com.