aoth-logoaoth-logoaoth-logoaoth-logo
  • Articles
    • Medical –
      • Addiction –
      • CBD –
      • Health –
      • Wellness –
    • Metals –
      • Battery Metals –
      • Critical Metals –
      • Energy Metals –
      • Industrial Metals –
      • Precious Metals –
    • Energy –
      • Nuclear –
      • Oil & Gas –
      • Renewable –
    • Environment –
      • Clean Energy –
      • Climate Change –
        • Decarbonization –
        • Electrification –
      • Pollution –
    • Markets –
      • Bitcoin –
      • Bonds –
      • Commodities –
      • cryptocurrency –
      • Currency –
      • Digital Currency –
      • Inflation –
      • Interest Rates –
    • Technology –
      • 3D Printing –
      • 5G –
      • Artificial Intelligence (AI) –
      • Blockchain –
      • Imaging –
    • Politics –
    • Education –
  • 文章
  • Company Profiles
  • News
  • Media
Home | Disclaimer | 免责声明 | Newsletter Subscribe | RSS Subscribe

Results from these 4 AOTH drill plays highly anticipated

  • Home
  • Articles
  • Metals Industrial Metals
  • Results from these 4 AOTH drill plays highly anticipated
November 3, 2020
Metal market

2020.11.03

In mineral exploration, assay results are where the rubber hits the road. A junior resource company can publish all the studies it likes on their project(s),  geophysical and geochemical reports indicating there are minerals within or underneath the ground cover, loads of soil samples and pretty graphs, etc., but it is not until the targets are drilled, when the market really starts paying attention.

Drills aren’t called the “truth machine” for nothing. The results they come up with don’t lie. Drilling for the most part is a purely scientific endeavor – whose aim is simply to prove or disprove an exploration company’s hypothesis, about the existence of minerals. Drill results turn theories into facts.

Bearing this in mind, Ahead of the Herd is covering four companies that are drilling right now for gold and silver. We are eagerly anticipating results. Two of them, Mountain Boy Minerals and Renforth Resources, are in Canada, Getchell Gold is positioned in Nevada, and Brigadier Gold is working in Mexico.

Mountain Boy Minerals (TSXV:MTB; Frankfurt:M9UA)

Diamond drills are currently spinning on a 4,000-meter campaign aimed at finding high-grade silver and gold mineralization, in three target areas at Mountain Boy’s American Creek project in British Columbia’s Golden Triangle region.

The 20 to 30-hole drill program’s goal is to confirm the geological model, ie., that the various mineralized occurrences are surface expressions of a large geological system, analogous to the nearby Premier District hosting the past-producing Premier Gold Mine. (Premier started operations in 1918; at the time it was one of the greatest silver and gold mines in the world)

Drilling around the historic Mountain Boy Mine follows up the 2006 drill program, the intention being to test the high-grade zone for continuity, along strike and at depth.

The aptly named High Grade Vein was the heart of the historic mining. Six holes intercepted more than a kilogram of silver over at least a meter, with the highlight being Hole 2006-10 which hit 5,258 g/t over 5.18 meters. (5 kg is 160 troy ounces). These results have never been followed up. Until now. The untested Franmar vein will also be drilled.

An earlier induced polarization (IP) survey focused on the recently discovered Wolfmoon zone; it was the first target to be drilled, and the crew is now finished there. Interestingly, Wolfmoon is believed to be at a higher stratigraphic level than the veins around the old mine. Notably, the Wolfmoon mineralization is found at the transition between volcanic and sedimentary rocks. This stratigraphic position hosts volcanogenic massive sulfide deposits such as Eskay Creek and elsewhere in the Golden Triangle.

Surface samples with high gold and silver grades were identified within an extensive alteration zone, which has recently emerged from ice cover. The best grab samples were 28.5 g/t gold and 1,200 g/t silver. 

The third target is the northern extension of the Mountain Boy Mine’s silver-bearing veins, onto the recently optioned Dorothy property.  

Ongoing geological work, including mapping and structural interpretation, is enhancing the understanding of the mineralization and the orientations of these multiple silver veins.

There are 15 discovered vein occurrences within the Dorothy property and Mountain Boy has interpreted them to be part of the same hydrothermal system that deposited high-grade silver at the Mountain Boy Mine. Could the High Grade Vein, and others in the system at the MB Silver mine extend north 2 km onto Dorothy? We don’t know, but the possibility is intriguing.

“We’re drilling three distinct target areas, any one of these could be a company maker,” CEO Lawrence Roulston says with confidence. 

“We’re counting on some big hits on the grade on these initial drill holes, but whether or not we get the grade the real objective of the current drilling program is to demonstrate the extent of the veins. We know it’s a really extensive geological system that spans several kilometers. We see individual veins that we know go for hundreds of meters, and if we can drill into these veins in different places and demonstrate we’ve got the potential for size, then that will really advance the project enormously. If we get grade as well as size, then that’s a bonus.”

“We are intent on demonstrating that this is a district-scale project exactly like the Premier District west of us, where there are multiple high-grade deposits over an extensive area. We believe we’ve got exactly the same as on the Premier camp and this drilling will be the first indication leading us in that direction.” 

Mountain Boy Minerals OnSite Video

Mountain Boy Minerals is expected to have news throughout the winter and has started planning for the next phase of exploration in the spring.

Mountain Boy Minerals
TSX.V:MTB, Frankfurt:M9UA
Cdn$0.385, 2020.11.02
Shares Outstanding 49,988,051m
Market cap Cdn$19.24m
MTB website

Getchell Gold (CSE:GTCH, OTCQB:GGLDF)

At Getchell Gold’s Fondaway Canyon property in Nevada, four of six holes planned as part of a 2,000m drill program have been completed, with samples from the first two holes already sent for cutting and assaying.

The first set of results from these drill cores are anticipated within a month.

Fondaway Canyon consists of a land package comprising 170 unpatented lode claims. The property has a history of previous surface exploration and mining in the late 1980s and early 1990s.

Mineralization is contained in a series of 12 steeply dipping en-echelon quartz-sulfide shears outcropping at surface and extending laterally over 1,200m, with drill-proven depth extensions to >400 m. The deposit is hosted by Mesozoic age sediments and minor volcanics.

According to a 2017 technical report, the project contains an estimated 409,000 oz of Indicated resources grading 6.18 g/t Au and 660,000 oz Inferred grading 6.4 g/t Au for a combined 1.1 million ounces.

Significant intervals within a large resource have been detailed from prior work, including 2.83 g/t Au over 65.4m and 1.77 g/t Au over 62.9m at the Colorado zone; and 1.01 g/t Au over 66.1m at the Halfmoon zone.

Earlier this year, Getchell confirmed the presence of two mineralized domains on the property: a higher-grade one based on drill intercepts grading >1 g/t Au; and an enveloping lower-grade one based on drill intercepts grading >0.25 g/t Au.

The company’s aim is to investigate potential similarities with the world-famous Carlin-style gold system, which is noted for its “disseminated” (fine-grained) nature. As such, additional work on the veins at Fondaway is warranted.

Getchell Gold / An Interview With Mike Sieb: Director at Getchell Gold

The fact that Fondaway Canyon has stibnite boulders on the property is very encouraging, the explorer previously noted, because a combination of arsenic and antimony (stibnite) is “a strong indicator of a big system.”

Getchell Gold
CSE:GTCH, US OTC:GGLDF
Cdn$0.344, 2020.11.02
Shares Outstanding 59,919,250m
Market cap Cdn$24.12m
GTCH website

Brigadier Gold (TSXV:BRG, Frankfurt: B7LM)

A 5,000-meter, 40-hole drill campaign is targeting four high-grade veins at Brigadier Gold’s Picachos gold-silver project in Mexico.

The project features over 150 historic mines and underground workings. The veins are open at depth and have never been diamond drill-tested.

Brigadier aims to prove the potential for multiple veins; the depth, strike length and continuity of the veins; and get an understanding the source of the vein-hosted mineralization, along with its potential relationship to copper porphyry mineralization identified on the property.

Primary targets include under-explored gold veins at the past-producing San Agustín mine, where about 665 meters of underground development has been completed. Underground channel sampling by a previous operator returned an average 81.22 g/t Au and 73.36 Ag across 1.2m. Values from the bottom of a 45-meter-deep production shaft were 185 g/t Au.

The first five holes of the drill program at Picachos have reportedly intersected the San Agustín vein up to 180m below surface.

According to the Nov. 2 news release, Hole BRG-004 hit the vein 16 meters below a historic underground rock chip sample containing 125.52 g/t Au and 75 g/t Ag across 1.5m. Anomalous silver, expected to correlate with gold, was identified using an XRF analyzer at several locations in Hole BRG-004, peaking at 86 ppm Ag between 63m and 76m down hole.

A second hole, BRG-005, cut into the San Agustín vein 51 meters below where Hole BRG-004 intercepted it. Here the XRF silver anomaly associated with the vein reached a high of 68 ppm Ag, between 92 and 115m down hole. Gold was shown in panned pulp samples from quartz-specularite and microcrystalline quartz veinlets.

Drill core from both holes was sent to an assay lab in Durango, with results pending.

Along with San Agustín, the first-ever diamond drill program at Picachos will zero in on the Mochomos vein, where a historic rock chip channel sample yielded 18.5 g/t Au and 570 g/t Ag over half a meter; the Los Tejones vein with values of 28.6 g/t Au and 114 g/t Ag across a meter; and the Fermin vein, which sampled 268 parts per million (ppm) Ag and 0.3 g/t Au over 1m.

Interview with Ranjeet Sundher, CEO, Brigadier Gold, Ahead of the Herd, Recorded August 24, 2020

The campaign will also include 3 line-kilometers of trenching, across a number of historical sample sites where anomalies have been identified, and drill targets can be formalized.

Brigadier Gold
TSX.V:BRG
Cdn$0.28, 2020.11.02
Shares Outstanding 56,303,865m
Market cap Cdn$15.76m
BRG website

Renforth Resources (CSE:RFR, OTC:RFHRF, WKN:A2H9TN)

Renforth Resources is making good progress at its Parbec property in northern Quebec, having completed about half of a planned 7,000m drill program.

Renforth Resources is not looking for mineralization; they have already found it at Parbec, which contains an updated resource estimate. Renforth is focused on increasing the resources at brownfield projects, by proving mineralized structures and occurrences not fully defined, and open to expansion.

Located on the world-famous Cadillac Break gold trend, the project borders the Canadian Malartic mine, and is adjacent to the past-producing East Amphi mine, where the joint venture that owns Canadian Malartic, Canada’s largest gold mine, has been drilling.

Parbec hosts an open-pit-constrained gold resource estimate of 104,500 Indicated ounces gold at a grade of 1.78 grams per tonne, and an Inferred 177,300 oz at 1.77 g/t.

Drilling involves 26 holes totaling 7,261 meters, so far with 3,850m completed. Unlike previous drilling, which was perpendicular to the Cadillac Break, the current drill program crosses the break at an angle. Renforth’s geological team believes there are likely cross-cutting structures, running across the Cadillac Break, that were missed in previous drill programs.

On Oct. 28 the company released partial assay results for Hole PAR-20-100. This hole was drilled due north, through the Cadillac Break, for 405m, encountering the expected Parbec lithologies, including the “magnetic diorite”, associated with the presence of gold.

A 22.5-meter interval cut mineralization of 1.21 g/t Au, at a depth of between 88.5 and 111m. Higher-grade results within that interval included 12 g/t Au over 1m, 4.08 g/t Au over 0.95m and 4.03 g/t Au over 1m.

Interview with Nicole Brewster, Renforth Resources, Ahead of the Herd, recorded August 2020

Assays so far are encouraging and I look forward to seeing the rest of them.  According to Renforth, they plan on drilling around 7,000m prior to Christmas and another 7,000m in the New Year, for a total of roughly 14,000m of new drill core and data from Parbec.

Renforth Resources
CSE:RFR, OTC:RFHRF, WKN:A2H9TN
Cdn$0.065 2020.11.02
Shares Outstanding 251,296,889m
Market cap Cdn$16.33m
RFR website

Conclusion

Between Renforth, Brigadier, Getchell and Mountain Boy, I expect a steady flow of news for the rest of the year and well into 2021. At AOTH, we are very optimistic about the fall work programs being undertaken by these four companies. Stay tuned. We will be revisiting each of their stories, and exploration hypotheses, as more drill results are released.

Richard (Rick) Mills
aheadoftheherd.com
subscribe to my free newsletter
Ahead of the Herd Facebook

Legal Notice / Disclaimer

Ahead of the Herd newsletter, aheadoftheherd.com, hereafter known as AOTH.

Please read the entire Disclaimer carefully before you use this website or read the newsletter. If you do not agree to all the AOTH/Richard Mills Disclaimer, do not access/read this website/newsletter/article, or any of its pages. By reading/using this AOTH/Richard Mills website/newsletter/article, and whether or not you actually read this Disclaimer, you are deemed to have accepted it. 

Any AOTH/Richard Mills document is not, and should not be, construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment.

AOTH/Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified. AOTH/Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of AOTH/Richard Mills only and are subject to change without notice. AOTH/Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, AOTH/Richard Mills assumes no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this AOTH/Richard Mills Report.

AOTH/Richard Mills is not a registered broker/financial advisor and does not hold any licenses. These are solely personal thoughts and opinions about finance and/or investments – no information posted on this site is to be considered investment advice or a recommendation to do anything involving finance or money aside from performing your own due diligence and consulting with your personal registered broker/financial advisor. You agree that by reading AOTH/Richard Mills articles, you are acting at your OWN RISK. In no event should AOTH/Richard Mills liable for any direct or indirect trading losses caused by any information contained in AOTH/Richard Mills articles. Information in AOTH/Richard Mills articles is not an offer to sell or a solicitation of an offer to buy any security.

AOTH/Richard Mills is not suggesting the transacting of any financial instruments but does suggest consulting your own registered broker/financial advisor with regards to any such transactions

Richard owns shares of Mountain Boy Minerals (TSX.V:MTB, Frankfurt:M9UA). MTB is a paid advertiser on Richard’s site aheadoftheherd.com

Richard owns shares of Getchell Gold (CSE:GTCH). GTCH is a paid advertiser on his site aheadoftheherd.com

Richard owns shares of Brigadier Gold (TSX.V:BRG). BRG is a paid advertiser on his site aheadoftheherd.com

Richard does not own shares of Renforth Resources (CSE:RFR). RFR is a paid advertiser on Richard’s site aheadoftheherd.com

Share

Related posts

January 25, 2023

Max publishes first assays from CESAR drilling; highlights include 3.4% copper and 48 g/t silver over 10.6m – Richard Mills


Read more
January 24, 2023

Violent demonstrations roil Peru’s southern copper and tourism heartland


Read more

Reference image by Ian Boyd, Flickr.

January 22, 2023

The risks of plundering the periodic table


Read more
January 21, 2023

Global South: Gold-backed currencies to replace the US dollar


Read more
January 20, 2023

Contrarian Thoughts on the Petro-Yuan and Gold-Backed Currencies


Read more
January 13, 2023

Graphite One prepares sample battery material for EV Manufacturers’ analysis – Richard Mills


Read more
January 11, 2023

Getchell intersects 3.4 g/t gold over 44.6m and 3.4 g/t over 31.4m at North Fork Zone, Fondaway Canyon, Nevada – Richard Mills


Read more
January 7, 2023

2 AOTH gold plays for 2023 – Richard Mills


Read more
January 7, 2023

Richard Mills – The coming cashless society and gold. Interview with Chris Sheridan of Financial Sense


Read more
January 6, 2023

Rise of the gold-backed e-yuan – Richard Mills


Read more
January 4, 2023

Bullish outlook for metals in 2023 – Richard Mills


Read more
December 30, 2022

Getchell Gold Corp. Issues 2022 President’s Message


Read more
December 29, 2022

The role of silver in Chinese history – Richard Mills


Read more
December 23, 2022

The coming cashless society and gold – Richard Mills


Read more
December 21, 2022

Why the Fed pivot will happen faster than people think – Richard Mills


Read more
December 18, 2022

Under the Spotlight — Getchell Gold’s President Mike Sieb on New Fondaway Canyon Resource Estimate


Read more
December 15, 2022

Getchell Gold Corp. Announces Resources Estimate at Fondaway Canyon, NV


Read more
December 14, 2022

Dolly Varden Silver intersects 27.44 g/t gold and 463 g/t silver over 9.16m, including 75.13 g/t Au and 2,337 g/t Ag over 1.77m at Homestake Ridge – Richard Mills


Read more
December 13, 2022

The case for silver – Richard Mills


Read more
December 9, 2022

Why the upcoming copper supply deficit can’t be easily fixed – Richard Mills


Read more
gold nuggets ore
November 29, 2022

Peak Gold – Richard Mills


Read more
November 29, 2022

Goldshore pulls up high-grade intercepts from QES Zone at Moss Lake – Richard Mills


Read more
November 27, 2022

The case for peak gold, silver and copper – Richard Mills


Read more
November 22, 2022

Tight lead-zinc market keeping a floor under prices – Richard Mills


Read more
November 20, 2022

Maiden drill program update: Max pulls up visibly mineralized core from URU-C, the first drill target at CESAR copper-silver project – Richard Mills


Read more
November 19, 2022

Goldshore Resources reaches significant milestone – Richard Mills


Read more
November 18, 2022

Getchell working to build a Tier One asset at Fondaway Canyon – Richard Mills


Read more
RSS Subscribe
Subscribe to our RSS feed to receive our most recent articles directly to your favourite RSS Reader application.

Company Information

Article Archives

Article Categories

  • Education (120)
  • Energy (91)
    • Nuclear (15)
    • Oil & Gas (11)
    • Re-newable (44)
  • Environment (321)
    • Clean Energy (55)
    • Climate Change (211)
      • Decarbonization (55)
      • Electrification (129)
    • Pollution (69)
  • Markets (252)
    • Bitcoin (1)
    • Bonds (13)
    • Commodities (114)
    • cryptocurrency (8)
    • Currency (66)
    • Digital Currency (5)
    • Inflation (64)
    • Interest Rates (38)
  • Medical (90)
    • Addiction (8)
    • CBD (4)
    • Health (89)
    • Wellness (26)
  • Metals (670)
    • Battery Metals (193)
    • Critical Metals (117)
    • Energy Metals (44)
    • Industrial Metals (204)
    • Precious Metals (352)
  • Politics (183)
  • Technology (45)
    • 3D Printing (3)
    • 5G (26)
    • Artificial Intelligence (AI) (9)
    • Blockchain (6)
    • Imaging (3)
  • Uncategorized (355)

AOTH Portfolio

  • Articles
  • 文章
  • Company Profiles
  • Company News Releases
  • Media
  • AOTHs-six-for-22
  • Disclaimer

Recent Articles

  • Renforth taking a closer look at lithium- and rare-earths bearing pegmatites – Richard Mills January 27, 2023
  • Clean energy sets $1.1 trillion record that’s bound to be broken January 27, 2023
  • How Not to Fight Inflation January 27, 2023
  • Graphite One working with three EV manufacturers and two US Department of Energy labs – Richard Mills January 26, 2023
  • Earth’s core appears to have reversed its spin. So what does this mean? January 26, 2023
  • A “Debt Doom Loop” Is Now Fully Engaged January 26, 2023
  • Max publishes first assays from CESAR drilling; highlights include 3.4% copper and 48 g/t silver over 10.6m – Richard Mills January 25, 2023
  • EU metals industry urges aid to rival US green energy package January 25, 2023

Ahead of the Herd

Enjoy hundreds of top-notch, thoroughly-researched articles on commodities and the junior resource companies that search for deposits of them.

Newsletter Subscribe

Subscribe to our free newsletter so we can start telling you things everyone else doesn't already know!

Recent Articles

  • Renforth taking a closer look at lithium- and rare-earths bearing pegmatites – Richard Mills
  • Clean energy sets $1.1 trillion record that’s bound to be broken
  • How Not to Fight Inflation

Explore

  • Articles
  • 文章
  • Company Profiles
  • Company News Releases
  • Media
  • AOTHs-six-for-22
  • Disclaimer
© 2020 Ahead of the Herd. All Rights Reserved