Canada’s Golden Triangle and the Silver Land of Mexico are at their best!

The most exciting time before the US elections has begun. That could give the stock and precious metal markets a boost and make the US dollar weaker! Of course, the top drilling results from Skeena Resources and Discovery Metals also have a completely different weight.

Skeena Resources trumps again with top results!

How Skeena Resources Limited (ISIN: CA83056P8064 / TSX: SKE) announced, the most recent definition and exploration wells of the ‘Phase 1’ drilling program on its ‘Eskay Creek’ project in the ‘Golden Triangle’ of British Columbia not only landed excellent hits again, but also landed the ‘Water Tower’ Zone with excellent grades extended! In addition, the ‘infill’ wells within the ’21C’ zone delivered excellent grades and thicknesses over long stretches.

With the expansion of the ‘Water Tower’ zone, it quickly becomes clear that there is still significant potential for significant resource expansion in this area. Grades of 8.01 g / t Au (gold) and 36 g / t Ag (silver) for 8.49 g / t AuEq (Gold equivalent) over 14.40 meters, located within a larger mineralized “envelope” grading 4.58 g / t Au and 29 g / t Ag (4.96 g / t AuEq) are over 27.60 m, clearly exceeded expectations.

This new intersection represents a 25 meter up dip extension of historic underground hole 5925 which averaged 4.16 g / t AuEq over 7.25 meters and 2.81 g / t AuEq over 8.78 meters average length.

Source: Skeena Resources

The completed ‘Phase 1 Infill’ drilling program drilled in the ’21C’ Zone has confirmed the estimated Inferred Resource. However, it should be noted that this resource relies solely on wells drilled prior to the acquisition by Skeena Resources. This means that the ’21C’ still has significant resource potential.

Hole 6462, previously drilled underground, which is 2.96 g / t AuEq intersected over 17.82 m, correlated with the newly drilled ‘Infill‘-Drill holes SK-20-280, SK-20-283 and SK-20-284, in which grades of 69 g / t Au and 10 g / t Ag for 2.82 g / t AuEq over 14m, 1.98 g / t Au, 16 g / t Ag for 2.19 g / t AuEq over 15.75 m and 2.71 g / t Au and 5 g / t Ag for 2.78 g / t AuEq over 19.50 m were cut.

Hole SK-20-282 intersected even better grades averaging 6.38 g / t Au and 7 g / t Ag (6.47 g / t AuEq) over 19 m !!!

Source: Skeena Resources

The deeper zone ’21C’, which according to current economic calculations can be mined in the open pit, is located in the stratigraphic ‘footwall rhyolite’ and has a slightly lower gold-silver content than the mineralization historically in the ‘Contact Mudstones ‘has been dismantled. While this type of mineralization was not historically significant, it has now made significant contributions to the economics of the mine plan!

Source: Skeena Resources

These excellent results make you want more, which is why Skeena Resources is significantly increasing the pace of exploration! While the company has currently started drilling the ‘Phase 2’ drilling program with six drilling rigs, another five more rigs will be relocated to the property in the coming weeks. With that, Skeena should be able to explore all of the prioritized goals by the end of the year!

After completion of this drilling program, sufficient results and knowledge should be available to upgrade and enlarge the existing resources and to be able to prepare a pre-feasibility study for the open pit resources from this new basis. It is now getting really exciting at Skeena Resources and the shareholders, who can now expect price-sensitive news almost every day !!

Discovery Metals – Depotzone continues to grow!

And while we’re at it, let’s jump over from the ‘Golden Triangle’ in Canada to Mexico! Because this is where the Mexican TOP Explorer operates Discovery Metals Corp. (ISIN: CA25471U1003 / TSX-V: DSV) his high grade silver project ‘Cordero’! This project doesn’t seem to know any resource limits either!

If the open pit mine along the high-grade vein systems, which was already known as a ‘giant pit’, was a sensation, which is made up of the many high-grade veins that have often been discovered with more than 1 kg of silver per ton of ore, the new drilling results also confirm that such super-discoveries is far from over!

The contents of, for example an average of 1,150 grams per tonne of silver equivalent (g / t AgEq), consisting of 412 g / t silver, 0.42 g / t gold, 8.0% lead and 10.0% zinc, over 3.4 m from just 145.6 m depth, within a 5 m section with average 962 g / t AgEq, consisting of 331 g / t silver, 0.35 g / t gold, 6.3% lead, 9.2% zinc, and 1,207 g / t AgEq over 2 m from a depth of 224.8 m consisting of 532 g / t silver, 0.38 g / t gold, 8.8% lead and 8.1% zinc, within a 49.7 m interval averaging 146 g / t AgEq consisting of 38 g / t silver, 0.09 g / t gold, 0.6% lead and 1.9% zinc are just the beginning of a series of drilling successes that is second to none!

Source: Discovery Metals

The mineralized corridor of ‘Todos Santos’ has meanwhile grown to a length of around 1.4 km, although an end to the high-grade mineralization is not yet in sight!

Source: Discovery Metals

These first-class, high-grade results provide the team of geologists with clear evidence after comparison with historical data that the highly mineralized trend corridor of ‘Todos Santos’ extends far beyond the limits of the predicted mine boundary.

In addition, the geologists have already identified new very silver-bearing spots along the fold, which could soon contribute to a positive flow of news! However, a large number of outstanding drilling results can be expected beforehand. Because 22 drill cores are still being evaluated!

But even after that, the flood of drilling results will not abate, as only approximately 65% ​​of the bores of the 84 boreholes 50,000 m drilling program with around 32,400 drilling meters were drilled. With this huge drill program, it is advancing into areas that have never been explored before. In view of the sensational successes to date, the management plans to add another to the four active drilling rigs.

This dual target drill program is designed to capture the mineralized volumes between the mineralized corridors to the east and northeast as the primary target for future mining and test the high grade venous systems for grade, width and continuity on the property. If these goals are met, then one can count on a world class resource.

It is completely understandable that President and CEO Taj Singh is also very satisfied with the results and the associated prospects. The latest high-grade drilling results show that the expansion of the Todos Santos vein system beyond the proposed pit boundary from the 2018 pre-economic study continues unabated. A clear decision for the board of directors to investigate this vein potential with further drilling so that the successful chapter ‘Todos Santos’ can go down as another highlight in the history of ‘Cordero’!

With the 22 drilling results still outstanding, the intensification of the drilling campaign and the continuation of the obvious run of success on ‘Todos Santos’, not only will numerous news items be excited in the coming months, but the results will add a lot of company value! So that we can move this share even more clearly into the focus of investors.

Best regards and maximum success with your investments!


Jörg Schulte

According to §34 WpHG I point out that Jörg Schulte, JS Research UG (limited liability) or employees of the company can buy or sell their own business in the shares of the companies presented at any time (e.g. long or short positions). This also applies to options and derivatives based on these securities. Any resulting transactions may, under certain circumstances, affect the company’s share price. The information, recommendations, interviews and company presentations published on the “websites”, the newsletter or the research reports are paid for by the respective companies or third parties (so-called “third parties”). The “third parties” include e.g. Investor relations and public relations companies, brokers or investors. JS Research UG (limited liability) or its employees can partially be rewarded directly or indirectly for the preparation, electronic distribution and other services by the discussed companies or so-called “third parties” with an expense allowance. Even if we prepare each report to the best of our knowledge, we advise you to use other external sources with regard to your investment decisions, such as Consult your house bank or a trusted advisor. For this reason, liability for financial losses that may result from using the information discussed here for one’s own investment decisions is categorically excluded. Particularly in the case of raw material and exploration stocks and low capitalized stocks, the depot proportions of individual stocks should only be so much that even in the event of a total loss, the total depot can only lose marginal value. In particular, stocks with a low market capitalization (so-called “small caps”) and especially exploration stocks, as well as all listed securities in general, are sometimes subject to considerable fluctuations. The liquidity in the securities can be correspondingly low. When investing in the raw materials sector (exploration companies, raw material producers, companies developing raw material projects), additional risks must be taken into account. Below are some examples of specific risks in the raw materials sector: Country risks, currency fluctuations, natural disasters and storms (e.g. floods, storms), changes in the legal situation (e.g. export and import bans, punitive tariffs, prohibition of raw material extraction or raw material exploration, nationalization of projects), environmental requirements (e.g. higher costs for environmental protection, designation of new environmental protection areas, prohibition of various mining methods), fluctuations in raw material prices and considerable exploration risks.

Disclaimer: All information published in the report is based on careful research. The information does not represent an offer to sell the shares discussed, nor an invitation to buy or sell securities. This report only reflects the personal opinion of Jörg Schulte and is in no way to be equated with a financial analysis. Before making any investments, professional advice from your bank is essential. The statements are based on sources that the publisher and his staff consider to be trustworthy. Nevertheless, no liability can be assumed for the correctness of the content. No guarantee is given for the accuracy of the charts and data on the commodity, currency and stock markets shown. The source language (usually English) in which the original text is published is the official, authorized and legally valid version. This translation is included for better understanding. The German version can be shortened or summarized. No responsibility or liability is assumed for the content, correctness, appropriateness or accuracy of this translation. From the perspective of the translator, the message does not constitute a buy or sell recommendation! Read here – -. Please also note the original English message, if available.

Note: PERSONAL-FINANCIAL.COM publishes analyzes, columns and news from various sources in this section. PERSONAL-FINANCIAL.COM AG is not responsible for content that is recognizably posted by third parties in the “News” area of ​​this website and does not adopt it as its own. This content can be identified in particular by a corresponding “from” label below the article heading and / or by the link “To read the full article, please click here.”; The named third party is solely responsible for this content.


Related Articles

Back to top button