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metalsinvestorforum.com
Metals Investor
Forum Program
November 12–13, 2021
Vancouver, BC
Good to have
you back!
Image from Altaley Mining, Tahuehueto Mill Construction / Nov 2021
GWEN PRESTON
DAVID MORGAN
PETER KRAUTH
JOHN KAISER
ERIC COFFIN
JAY TAYLOR
CHEN LIN
altaleymining.com
Tahuehueto Project
Building Mexico’s Next
Diversified Mid-Tier Metals Producer
The Altaley Opportunity
WORLD-CLASS PROJECTS
Two 100% owned gold, silver, & base metal mining
projects, the Tahuehueto Project and the Campo
Morado Mine.
REVENUE GENERATING
Estimated to be Mexico's 6th largest zinc producer,
Campo Morado is a base metal mine producing
~2,100 tpd with ~$17.4M in Q3 2021 revenue.
CEO UPDATE
RALPH SHEARING
RAPID GROWTH POTENTIAL
Tahuehueto mine construction is 80% completed &
IS PRESENTING
targeting full production capacity in 2022 to initiate FRIDAY, NOV 12
precious & base metal production. AT 11:50 AM PST
TSXV: ATLY OTCQX: ATLYF FSE: TSGA
CONTENTS
2 Forum Program
4 Keynote Speakers
8 Newsletter Writer Commentary on Exhibiting Companies
8 Banyan Gold Corp. 14 Sierra Metals Inc.
8 Integra Resources Corp. 14 Golden Minerals Company
8 ValOre Metals Corp. 15 Newcore Gold Ltd.
9 Altaley Mining Corp. 15 Infinitum Copper
9 Pan Global Resources Inc. 16 Edgemont Gold Corp.
10 Great Bear Resources Ltd. 16 Revival Gold Inc.
10 Aston Bay Holdings Ltd. 17 Canagold Resources Ltd.
11 Amex Exploration Inc. 17 Endurance Gold Corp.
11 Goliath Resources Ltd. 18 P2 Gold Inc.
12 Puma Exploration Inc. 18 DLP Resources Inc.
12 White Rock Minerals Ltd. 19 Forum Energy Metals Corp.
13 Blackrock Silver Corp. 19 Silver Hammer Mining Corp.
13 Avino Silver & Gold Mines Ltd. 20 Sterling Metals Corp.
13 Tinka Resources Ltd. 20 Southern Silver Exploration Corp.
13 Impact Silver Corp. 20 Kootenay Silver Inc.
14 Genius Metals Inc.
21 Subscription Offers
COMPLIMENTARY WIFI Network: JW_MARRIOTT_CONFERENCE Password: MIF2021
FORUM PROGRAM FRIDAY NOVEMBER 12 2021
8:45 REGISTRATION & BREAKFAST
9:50 Eric Coffin — Introduction to the Metals Investor Forum
FRIDAY
10:00 SESSION 1
10:00 Gwen Preston, Resource Maven
10:20 Banyan Gold Corp. TSX-V: BYN
10:30 Integra Resources Corp. TSX-V: ITR
10:40 Valore Metals Corp. TSX-V: VO
10:50 – 11:10 Q&A Session
10:50 MORNING COFFEE BREAK
11:30 SESSION 2
11:30 Eric Coffin, HRA Advisories
11:50 Altaley Mining Corp. TSX-V: ATLY
12:00 Pan Global Resources Inc. TSX-V: PGZ
12:10 Great Bear Resources Ltd TSX-V: GBR
12:20 Aston Bay Holdings Ltd. TSX-V: BAY
12:30 – 12:50 Q&A Session
12:30 – 1:30 LUNCH BREAK
1:30 SESSION 3
1:30 Jay Taylor, J Taylor’s Gold, Energy & Tech Stocks
1:50 Amex Exploration Inc. TSX-V: AMX
2:00 Goliath Resources Ltd. TSX-V: GOT
2:10 Puma Exploration Inc. TSX-V: PUMA
2:20 White Rock Minerals Ltd. ASX: WRM
2:30 – 2:50 Q&A Session
2:30 AFTERNOON COFFEE BREAK
3:00 SESSION 4
3:00 David Morgan, The Morgan Report
3:20 Blackrock Silver Corp. TSX-V: BRC
3:30 Avino Silver & Gold Mines Ltd. TSX: ASM
3:40 Tinka Resources Ltd. TSX-V: TK
3:50 IMPACT Silver Corp. TSX-V: IPT
4:00 – 4:20 Q&A Session
4:00 – 6:00 COCKTAIL RECEPTION (OPEN BAR) – JW MARRIOTT PARQ
2 | METALS INVESTOR FORUM MAGAZINE NOVEMBER 2021
FORUM PROGRAM SATURDAY NOVEMBER 13 2021 8:45 REGISTRATION & BREAKFAST 9:50 SESSION 1 9:50 Chen Lin, What is Chen Buying? What is Chen Selling? 10:10 Genius Metals Inc. TSX-V: GENI 10:20 Sierra Metals Inc. TSX: SMT 10:30 Golden Minerals Company TSX: AUMN 10:40 Newcore Gold Ltd. TSX-V: NCAU 10:50 Infinitum Copper Pending TSX-V: INFI 11:00 – 11:30 Q&A Session 11:00 MORNING COFFEE BREAK 11:30 SESSION 2 11:30 Gwen Preston, Resource Maven 11:50 Edgemont Gold Corp. CSE: EDGM 12:00 Revival Gold Inc. TSX-V: RVG 12:10 Canagold Resources Ltd. TSX: CCM 12:20 – 12:40 Q&A Session 12:20 – 1:30 LUNCH BREAK 1:30 SESSION 3 1:30 John Kaiser, Kaiser Research Online 1:50 Endurance Gold Corp. TSX-V: EDG 2:00 P2 Gold Inc. TSX-V: PGLD 2:10 DLP Resources Inc. TSX-V: DLP 2:20 Forum Energy Metals Corp. TSX-V: FMC 2:30 – 2:50 Q&A Session 2:30 AFTERNOON COFFEE BREAK 3:00 SESSION 4 3:00 Peter Krauth, Silver Stock Investor 3:20 Silver Hammer Mining Corp. CSE: HAMR 3:30 Sterling Metals Corp. TSX-V: SAG 3:40 Southern Silver Exploration Corp. CVE: SSV 3:50 Kootenay Silver Inc. TSX-V: KTN 4:00 RAFFLE DRAW 4:00 – 4:20 Q&A Session 4:00 – 6:00 COCKTAIL RECEPTION (OPEN BAR) – JW MARRIOTT PARQ NOVEMBER 2021 METALSINVESTORFORUM.COM | 3
KEYNOTE SPEAKERS
ERIC COFFIN GWEN PRESTON JAY TAYLOR
PUBLISHER, PUBLISHER, EDITOR, J TAYLOR’S GOLD,
HRA ADVISORIES RESOURCE MAVEN ENERGY & TECH STOCKS
Eric Coffin has been publishing HRA Gwen Preston launched Resource Maven Jay Taylor is the editor of J Taylor’s
Advisories for 20 years; this has given after spending almost a decade writing Gold, Energy & Tech Stocks newsletter
him the experience to identify market about resource investing, most of it as a and host of the web-based radio show
trends early and to understand exactly senior writer at The Northern Miner. “Turning Hard Times into Good Times.”
what a company needs to be suc- In 1981 he began publishing his gold-
cessful. Thirty years of mining sector She understands which projects and orientated newsletter. His continuing
experience, from joint ownership of an pieces of news matter. She understands interest in gold mining prompted him to
exploration consultancy to sector wide what it takes for a project to advance study geology, supplementing his MBA
data analysis and company specific ad- along the exploration-development- in Finance and Investments. Through-
vising on M&A, project selection, financ- production path and what opportunities out his career Mr. Taylor worked as a
ing and market awareness give Eric the each stage offers. banker, including holding a job in the
background to know what works. Mining and Metals Group of ING Barings
She knows how the metals markets work, in New York. In 1997 he resigned from
He has been interviewed by and alone and within the global economy, ING Barings to devote himself full time
contributed to numerous international and how to profit from commodity cycles. to researching mining and technology
websites and news services providing stocks, writing his newsletter and assist-
commentary on finance, economics, Resources are Gwen’s world and she ing companies in raising venture capital.
markets and individual companies seeks to pass that knowledge on to oth-
and exploration regions. Eric regularly ers. She is a scientist and journalist who
speaks at a number of North American has spent the last decade focused ex- Q&A Session: Jay Taylor
gold and resource conferences. He was clusively on metals and mining. Through
one of the first analysts (along with Da- investment experience, site visits around
Friday November 12 2021
vid) to point out the disastrous effects the world, endless self-education about 2:30–2:50
of gold hedging and gold loan capital economics and geology, and a strong
financing (1997) and to predict the start network of friends and colleagues in the Amex Exploration Inc.
of the secular commodity bull market in sector, she either knows or can figure
commodities based on the movement out the answer to almost any metals and Goliath Resources Ltd.
of the US Dollar (2001) and the acceler- mining question. Puma Exploration Inc.
ation of growth in Asia and India.
White Rock Minerals Ltd.
Q&A Session: Gwen Preston
Q&A Session: Eric Coffin Friday Nov. 12 2021 10:50–11:10
Friday November 12 2021 Banyan Gold Corp.
12:30–12:50 Integra Resources Corp.
Valore Metals Corp.
Altaley Mining Corp.
Pan Global Resources Inc. Saturday Nov. 13 2021 12:20–12:40
Great Bear Resources Ltd Edgemont Gold Corp.
Aston Bay Holdings Ltd. Revival Gold Inc.
Canagold Resources Ltd
4 | METALS INVESTOR FORUM MAGAZINE NOVEMBER 2021
JOHN KAISER PETER KRAUTH CHEN LIN
FOUNDER, EDITOR, FOUNDER,
KAISER RESEARCH ONLINE THE SILVER STOCK INVESTOR CHENPICKS.COM
John Kaiser is the founder of Kaiser Peter Krauth is a former portfolio Chen Lin is a full time fund manager of
Research Online, an information portal adviser and a 20-year veteran of the his extended family assets. He started
covering the Canadian publicly listed resource market, with special expertise to writes the stock newsletter What is
resource sector, and the publisher of in precious metals, mining and energy Chen Buying? What is Chen Selling? in
his Spec Value Hunter and Bottom-Fish stocks. He is editor of two newsletters 2009 he after successfully navigated
recommendations. His analysis focuses to help investors profit from metal mar- his family portfolio during the 2008
on the four key narratives that drive ket opportunities: Silver Stock Investor, financial crisis. Chen covers mining,
the resource sector. John Kaiser is an silverstockinvestor.com and Gold Re- energy and technology, especially bio-
independent analyst based in the San source Investor, goldresourceinvestor. tech in his newsletters with great track
Francisco area who has covered the com. In those letters Peter writes about records.
junior resource sector since 1983. After what he is buying and selling; he takes
a decade working as a research director no pay from companies for coverage. Chen has a passion for mining and he
in Vancouver he left the brokerage has personally visited many mining
industry in 1994 to launch Kaiser Re- Peter has contributed numerous articles projects around the world.
search Online and create the “rational to Kitco.com, BNN Bloomberg, the Fi-
speculation model” as a tool to evaluate nancial Post, Seeking Alpha, Streetwise
the speculative value of exploration Reports, Investing.com, TalkMarkets Q&A Session: Chen Lin
projects. Kaiser Research Online is a and Barchart, and he holds a Master
subscription service that publishes his of Business Administration from McGill Saturday November 13 2021
analysis, provides searchable infor- University. 11:00–11:30
mation on over 1500 Canadian listed
mining and exploration companies, and
Genius Metals Inc.
tracks trends within the junior sector Q&A Session: Peter Krauth
and their relationship to macro trends. Sierra Metals Inc.
Saturday November 13 2021
Golden Minerals Company
4:00–4:20
Q&A Session: John Kaiser Newcore Gold Ltd.
Saturday November 13 2021 Silver Hammer Mining Corp. Infinitum Copper
2:30–2:50 Sterling Metals Corp.
Southern Silver Exploration Corp.
Endurance Gold Corp. Kootenay Silver Inc.
P2 Gold Inc.
DLP Resources Inc.
Forum Energy Metals Corp.
NOVEMBER 2021 METALSINVESTORFORUM.COM | 5
Edgemont G O L D C O R P.
CSE: EDGM | FRA: EG8
Copper-Gold Porphyry Exploration
Positioned for Success in Northern British Columbia
Drilling completed October 2021:
Assays pending from a 7-hole, 3,429m drill program
Focused on the Dungate Project located just 6 km southeast of
Houston, B.C.
Drilling 7km north of high-grade gold/silver discovery announced
by Sun Summit Minerals
Tight share structure with 26M shares outstanding and low market
cap at ~$5 million
Compelling drill targets identified by magnetic and IP surveys,
soil and outcrop sampling and historic drill logs
Fully funded with multi-year area based drill permit
CEO Stuart Rogers will be presenting
on Saturday, Nov 13 at 11:50 am
EDGEMONTGOLD.COM
KEYNOTE SPEAKERS DAVID MORGAN EDITOR, THE MORGAN REPORT A precious metals aficionado with degrees in finance and engineering, he originated The Morgan Report, a monthly report that covers economic news, the global economy, and to make substantial capital gains by investing in the Resource Sector. The Model Portfolio covers top-tier, mid-tier, speculative and special situations. David considers himself a big-picture macroeconomist whose main job is education—educating people about honest money and the benefits of a sound financial system. A dynamic, much-in-demand speaker all over the globe, he has appeared on CNBC, Fox Business, and BNN in Canada. He has interviewed- The Wall Street Journal, Futures Magazine, Investing Rules and numerous other publications. Additionally, he provides the public with a tremendous amount of information by radio and at times writes in the public domain. David considers himself a big-picture macroeconomist whose main job is education—educating people about honest money and the benefits of a sound financial system. Q&A Session: David Morgan Friday November 12 2021 4:00–4:20 Blackrock Silver Corp. Avino Silver & Gold Mines Ltd. Tinka Resources Ltd. IMPACT Silver Corp. NOVEMBER 2021 METALSINVESTORFORUM.COM | 7
NEWSLETTER WRITER COMMENTARY
ON EXHIBITING COMPANIES (IN ORDER OF PRESENTATION)
version while providing a robust economic study in its maid-
Banyan Gold Corp. en Preliminary Economic Assessment.
TSX-V: BYN “This is a team that knows how to identify potential and then
MARKET CAP $65.5M CAD potential it into value. They did it in Quebec as Integra Gold;
1 (888) 629-0444 they are doing it again in Idaho as Integra Resources. The PEA
info@banyangold.com
for Delamar was a good, economic starting point. The PFS due
out any day will be a game changer in terms of scale and value.
banyangold.com
And exploration continues, with multiple strong targets being
advanced.”
Banyan’s primary asset AurMac is adjacent to Victoria ‒ Gwen Preston, Resource Maven
Gold’s Eagle Gold Mine, in Canada’s Yukon Territory, which
announced commercial production on July 1, 2020. The Aur-
Mac initial resource of 903,945 oz Au was announced in May
2020. Our major strategic shareholders include Alexco Re-
source Corp, Franklin Gold and Precious Metals Fund, Osis- ValOre Metals Corp.
ko Development, and Victoria Gold Corporation. Banyan is TSX-V: VO | OTC: KVLQF
focused on gold exploration projects that have the geological
Frankfurt: KEQ
potential, size of land package and proximity to infrastruc-
ture that is advantageous for a mineral project to have po- MARKET CAP $67M CAD
tential to become a mine. Our Yukon based projects both fit 604-653-9464
this model and our objective is to gain shareholder value by contact@valoremetals.com
advancing projects in our pipeline. valoremetals.com
“Banyan started drilling at its road-accessible AurMac project
in March and its holes stepping out from known mineralization From the buildings we work in to the smart phones we use
have spit out such consistent results that it feels like the company every day, metals and minerals are at the very core of mod-
adds ounces every day. The grades aren’t splashy but the gold is ern life. At ValOre, our purpose is rooted in the drive to
at surface, consistent, and growing, and it’s on an easy-to-work move society forward through the discovery and advance-
project sandwiched between two operating mines.” ment of feasible metals and mining projects. With a team of
industry experts and an impressive track record of explora-
‒ Gwen Preston, Resource Maven tion, project development, and M&A success, ValOre’s goal
is to add significant value to metals and mining projects
around the world.
Integra Resources Corp. “ValOre has focused in recent years on its Pedra Branca plati-
num-palladium project in Brazil, where they have demonstrated
TSX-V: ITR good potential to expand the 1M oz starter resource. That work
NYSE AMERICAN: ITRG continues alongside a strong palladium market, but a resurgent
MARKET CAP $189M CAD uranium market has VO turning attention back to its shelved
Phone: 604-416-0576 Angilak asset in Nunavut, home to 43M lbs. U3O8 in rock grad-
Email: info@integraresources.com
ing 0.69%. The known tonnes are Angilak are good; the potential
to find more using the same techniques is great.”
integraresources.com
‒ Gwen Preston, Resource Maven
Integra is a development-stage mining company focused on
the exploration and de-risking of the past producing De-
Lamar Gold-Silver Project in Idaho, USA. Integra is led by
the management team from Integra Gold Corp. which suc-
cessfully grew, developed and sold the Lamaque Project, in
Quebec, for C$600 M in 2017. Since acquiring the DeLamar
Project, which includes the adjacent DeLamar and Florida
Mountain gold and silver Deposits, in late 2017, the Compa-
ny has demonstrated significant resource growth and con-
8 | METALS INVESTOR FORUM MAGAZINE NOVEMBER 2021Altaley Mining Corp. Pan Global Resources Inc.
TSX-V: ATLY | OTCQX: ATLYF TSX-V: PGZ | OTC: PGNRF
FSE: TSGA MARKET CAP $116M CAD
MARKET CAP $115M CAD 604-689-9930
604-684-8071 investors@panglobalresources.com
ir@altaleymining.com panglobalresources.com
altaleymining.com
Pan Global Resources Inc. is a Vancouver based junior re-
Altaley Mining Corporation is a Canadian based mining source company actively engaged in base and precious metal
company with two 100% owned Mexican gold, silver, and exploration in Spain.
base metal mining projects.
The company continues to enjoy excellent news in 2021, with
Altaley’s Tahuehueto mining project is in north-western Du- outstanding drill results reported from its flagship proper-
rango State, Mexico where construction has been advanced ty, La Escacena, located in the prolific Iberian Pyrite Belt in
to an estimated 80% of completion on its 1,000 tonne per day Southern Spain. The Phase 4 drill program at the La Romana
processing facility and related mine infrastructure to initiate discovery is continuing to test extensions of the copper and
production of gold, silver, lead, and zinc in concentrates at tin mineralization in all directions. In addition, earlier this
Tahuehueto. The Company is targeting initial pre-produc- year the company completed a private placement financing
tion near the end of 2021 and ramping up to full production of C$13 million which was previously announced at C$10
capacity during Q1 2022. million and increased due to strong demand.
Campo Morado is an operating polymetallic base metal Pan Global’s stellar management team is led by Tim Moody,
mine with mining and milling equipment currently produc- president and CEO, along with an impressive group of min-
ing at an average of 2,100 tonnes per day and is currently es- ing professionals with decades of industry experience and a
timated to be Mexico’s 6th largest zinc producer. discovery track record in Spain. The team has led their re-
spective organizations to successful exit strategies or into
“Altaley is a strong mining growth story. ATLY operates the production, generating hundreds of millions in shareholder
Campo Morado mine in Guerrero State Mexico. This 2000 tpd value.
zinc/lead/silver/gold mine generated $7.5 million in profit in Q2,
with an AISC of 77 cents/lb zinc. Campo could be expanded to “Pan Global is drilling to expand its near surface high grade
3000 tpd with modest investment. Altaley is currently testing copper discovery in the Iberian Pyrite Belt, land of the giants for
several recovery systems that could dramatically increase gold VMS style deposits. Since drilling the La Romana discovery hole
and silver recoveries. If onsite testing matches earlier bench- two years ago, PGZ has enjoyed a 100% hit rate with its drill-
scale tests, increased gold and silver production could add tens ing, hitting near surface copper-tin mineralization characteristic
of millions to annual cash flow and profits. In addition, ATLY is of some of the Pyrite Belt’s great deposits. La Romana remains
nearing completion of construction of its Tauhuehueto gold/sil- open along strike and down dip and drilling continues. Testing is
ver mine in Durango State, slated to produce about 25,000 gold also starting on other nearby gravity anomalies on the Escacena
equivalent ounces from a 1000 tpd operation. Altaley anticipates concession that bear strong resemblance to La Romana before
mill start up before year end with a ramp up to full production drilling began there. Even more potentially consequential is the
through Q1 2022. ATLY is a mining growth story that should immanent granting of the neighbouring Al Andalus concession.
achieve 60-70% revenue growth and transition to a more pre- This property protects several gravity anomalies of similar scale
cious metals focused story. It has the catalysts in place to grow and quality to the La Romana discovery. There is almost no drill
that much again over the next couple of years though expansion testing at any of these targets though one target, La Jarosa, re-
at Campo and/or Tauhuehueto and increasing gold/silver recov- ceived a single hole near one of its margins that reported almost
eries at Campo. Room for a large re-rating here.” 10 metres grading 1.5% copper. PGZ is well-funded to immedi-
‒ Eric Coffin, HRA Advisories ately expand its exploration program when Al Andalus is grant-
ed. Pan Global has a great, and growing, discovery in one of the
world’s premier base metal camps. The high quality manage-
ment team knows just how to advance this sort of discovery and
PGZ has several other targets like La Romana that will be tested
in coming months. I’ve been saying for a year that La Romana
would be a mine, and Al Aldalus just multiplies the potential.
Pan Global remains one of my highest conviction holdings.”
‒ Eric Coffin, HRA Advisories
NOVEMBER 2021 METALSINVESTORFORUM.COM | 9Great Bear Resources Ltd. Aston Bay Holdings Ltd.
TSX-V: GBR | OTCQX: GTBAF TSX-V: BAY | OTCQB: ATBHF
MARKET CAP $1B MARKET CAP $8.2M CAD
604-646-8354 1 (647) 821-1337
info@greatbearresources.ca sofia.harquail@astonbayholdings.com
greatbearresources.ca astonbayholdings.com
Great Bear Resources Ltd. is a Vancouver-based gold explo- Aston Bay is a publicly traded mineral exploration company
ration company focused on advancing its 100% owned Dix- exploring for gold and base metal deposits in Virginia, USA,
ie project in Northwestern Ontario, Canada. A significant and Nunavut, Canada. The Company is led by CEO Thomas
exploration drill program is currently underway to define Ullrich with exploration in Virginia directed by the Com-
the mineralization within a large-scale, high-grade dissem- pany’s advisor, Don Taylor, the 2018 Thayer Lindsley Award
inated gold discovery made in 2019, the LP Fault. Additional winner for his discovery of the Taylor Pb-Zn-Ag Deposit in
exploration drilling is also in progress to expand and infill Arizona.
nearby high-grade gold zones, as well as to test new regional The Company has the exclusive option to lease the mineral
targets. The Company is currently in the process of compil- rights to over 10,000 acres of prospective private land located
ing all historical data together with incoming assay results, in central Virginia. These lands are located within a gold-
with the goal of publishing an initial multi-million-ounce copper-lead-zinc mineralized belt prospective for mesother-
mineral resource estimate in accordance with NI 43-101 for mal gold deposits and Virginia gold-pyrite belt deposits, as
the Dixie project in early 2022. well as VMS, sedimentary exhalative (SEDEX) and Broken
Great Bear is a committed partner to all stakeholders, with Hill (BHT) type base metal deposits. Don Taylor, who led
a long-term vision of sustainable exploration to advance the the predecessor company to Blue Ridge and assembled the
Dixie project in a manner that demonstrates good steward- dataset, has joined the Company’s Advisory Board and will
ship of land, operational excellence, and accountability. be directing the Company’s exploration activities for the
Blue Ridge Project. The Company is actively exploring the
“If you don’t know Great Bear you really haven’t been paying at- Buckingham Gold Project in Virginia and is in advanced
tention. GBR is one of the gold exploration success stories of the stages of negotiation on other lands in the area.
decade. It has been rapidly advancing its Dixie project in the Red The Company is also 100% owner of the property Storm
Lake area to a maiden resource estimate, slated for delivery in Project, which hosts the Storm Copper Project and the Seal
Q1 2022. I expect that resource estimate will confirm what many Zinc Deposit and has been optioned to American West Met-
of us already know; Dixie is one of those very rare gold projects als Limited.
that deserve the monikers of “Tier One” and “World Class”. Dix-
ie will be a high production, high margin operation with low “Aston Bay is a low market cap play on the historic mining dis-
production costs and very high NPV and IRR. I expect that to tricts of Virginia it is exploring with the aid of a large propri-
be borne out by a PEA to be delivered in 2022. That will be fol- etary database of geophysical and geochemical data. BAY is
lowed by an updated resource estimate that will include addi- drilling in Virginia currently, at the Mountain base metal proj-
tional zones and the results of continued drilling. I expect Dixie ect. This is Aston Bay’s maiden drill program at this volcano-
to be a multi-decade, high throughput and high margin mining genic massive sulphide target. Mountain contains several large
operation. Great Bear is about the most obvious take over can- and strong electromagnetic anomalies which often mark buried
didate in the gold space. I will be very surprised if it not taken concentrations of semi massive or massive sulphides. Mountain
over within 12 months at a substantial premium to the current has only a handful of historic holes, but they did confirm a VMS
share price.” system is present. BAY is also advancing the Buckingham high
‒ Eric Coffin, HRA Advisories grade gold project and other gold projects in Virginia centered
on historic high grade mining camps that have been unexplored
for 150 years. Results are also awaited from the 2021 exploration
program at the Storm sedimentary copper project in Nunavut,
optioned to American West Metals.”
‒ Eric Coffin, HRA Advisories
10 | METALS INVESTOR FORUM MAGAZINE NOVEMBER 2021Amex Exploration Inc. Goliath Resources Ltd.
TSX-V: AMX | OTCQX: AMXEF TSX-V: GOT | OTCQB: GOTRF
FSE: MX0 FSE: B4IF
MARKET CAP $240.785M MARKET CAP $38M CAD
514-866-8209 1 (416) 488-2887 x222
info@amexexploration.com roger@goliathresources.com
amexexploration.com goliathresourcesltd.com
Amex Exploration has made significant high grade gold dis- Goliath Resources Limited is a junior resource exploration
coveries on its 100% owned Perron Gold Project located in the company of precious metal projects in the prolific Golden
mining friendly jurisdiction of Quebec, Canada. The project is Triangle of British Columbia and Abitibi Greenstone Belt of
well serviced by existing infrastructure, on a year round road, Quebec.
10 minutes from an airport and just outside the town of Nor-
metal (~8 km). In addition, the project is in close proximity to Both BC properties have returned widespread mineraliza-
a number of major gold producers’ milling operations. tion of high grade Gold, Silver and/or Copper numbers from
exposed bedrock in situ at surface. These new discoveries are
To date, Amex has intersected very high-grade and visible the result of glacial recession and snowpack melting in geo-
gold in three different zones, Eastern Gold Zone, (including logical settings where world class deposits have been found
the Denise Zone) Gratien Gold Zone and Grey Cat Gold Zone; within the Golden Triangle and surrounding area.
across the project over 3.6 km corridor of gold mineralization.
Amex Exploration is also undertaking a regional exploration “Goliath Resources is a Canadian-based company exploring the
program which has uncovered two new gold discoveries as recently discovered gold-silver rich polymetallic Surebet shear
well as a copper rich VMS zone. The VMS zone compares very zone on the company’s 100% owned Golddigger project located
favourably to a past producing mine located just a few kilo- toward the southern end of the Golden Triangle. Channel sam-
metres away which produced copper, zinc, gold and silver for ples taken from the Surebet Zone in 2020 revealed an average
more than 40 years. true width of 9.84 meters with an average grade of 10.68 g/t
The management team has invested their own capital into AuEq (7.59 g/t gold). This gold-silver rich polymetalic zone mea-
the company in multiple financing and as shareholders they sures 1,000 meters on strike with 1,000 meters of vertical relief.
are focused on building value. Drilling is year-round, and the On August 30, assays from the first three of 24 holes intersected
company is in the middle of a fully funded 300,000 m drill the same quartz-sulfide shear zones as revealed on surface. The
campaign, meaning there are 8 to 10 drills at site and investors headline number from hole #3 was 35.72 meters grading 6.37
can expect ample news flow and catalysts throughout the year. g/t AuEq. Two other zones, namely the Real Deal and Cloud 9,
are believed to be echelon structures that connect with Surebet
“Amex Exploration Inc. is a Canadian-based company explor- at depth. The mineralized Surebet domain remains open in all
ing and developing a high-grade orogenic gold deposit as well as directions. Although assays are awaited from the remaining 21
a recently discovered VMS occurrence on its Perron Property lo- holes, visual identification of mineralized zones in those holes
cated in Western Quebec, in the Abitibi Greenstone Belt near the has been reported and visually displayed by management. Given
Ontario border. The company’s High Grade Zone is becoming the geometry of the steeply dipping terrain, low cost mining may
one of the richest single gold zones among Canadian Archean conceivably take place from the bottom of the mountain utilizing
orogenic gold deposits ever discovered, with almost every hole gravity to mine wide mineralized structures. As investors wait
drilled to date confirming expansion both laterally and verti- for the next drill season, they can look forward to assays from the
cally. In addition, the Perron Property hosts a newly discovered remaining 21 holes over the next several weeks.”
copper and precious metals rich VMS called the QF Zone very ‒ Jay Taylor, J Taylor’s Gold, Energy & Tech Stocks
similar to the Normetal Mine located next door. Management
believes that if this deposit becomes a mine it has the potential to
become a company maker on its own. The three gold targets are
the Eastern Gold Zone (High Grade Zone & Denise), the Gra-
tien Zone and the Grey Cat Gold Zone. All three are open for
expansion. With several hundred meters of strike on the various
gold zones and with mineralization established to a depth of 1.2
kilometers, a maiden high-grade resource of considerable scale is
anticipated toward the end of Q2, 2022. Beyond the existing gold
zones, the company has identified new gold exploration targets.”
‒ Jay Taylor, J Taylor’s Gold, Energy & Tech Stocks
NOVEMBER 2021 METALSINVESTORFORUM.COM | 11Puma Exploration Inc. White Rock Minerals Ltd.
TSX-V: PUMA ASX: WRM | OTCQX: WRMCF
MARKET CAP $31.2M MARKET CAP $39M CAD
1 (418) 750-8510 +61 3 5331 4644
president@explorationpuma.com info@whiterockminerals.com.au
explorationpuma.com whiterockminerals.com.au
Puma Exploration is a Canadian-based mineral exploration White Rock Minerals is an exploration and development
company with precious and base metals projects in early company based in the historic gold mining centre of Bal-
to advanced stages located in the Famous Bathurst Mining larat in Victoria, Australia. White Rock’s project portfolio
Camp (BMC) in New Brunswick, Canada. Great efforts will includes three projects (in Alaska and Australia (New South
be made by the Company in the coming years to deploy its Wales and Victoria)), and with exposure to gold, silver and
DEAR strategy (Development, Exploration, Acquisition and zinc.
Royalties) in order to generate maximum value for share-
“White Rock Minerals is an Australian-based mineral resource
holders with low shares dilution.
exploration and development company. Its offices are located
“Puma Exploration is a Canadian-based company exploring in the historic mining center of Ballarat, Victoria. White Rock
the Williams Brook Gold property in New Brunswick. It is lo- owns the Red Mountain project in central Alaska – a high-grade
cated along the same belt of rocks as New Found Gold’s Queen- silver-zinc-gold-lead VMS deposit - and the Last Chance gold
sway discovery in Newfoundland and Galway Metals’ Clarence prospect described as an orogenic/intrusive-related gold system.
Stream discovery in New Brunswick. The geological model has White Rock also owns the advanced Mt Carrington gold-silver
initially been identified as an early epithermal gold system. project in New South Wales that has a completed pre-feasibility
Crescat Capitals’ Dr. Quinton Hennigh agrees it has epither- study displaying robust economics. The Red Mountain project
mal characteristics but believes a later stage orogenic event took hosts a maiden resource of 9.1 million tonnes grading 157 g/t sil-
place that overprinted earlier epithermal activity. With exten- ver, 5.8% zinc, 2.6% lead and 0.9 g/t gold for a 13.2% ZnEq or
sive mineralized zones rising to surface, the company spent the 609 g/t AgEq. Dr. Quinton Hennigh, an advisor to White Rock
past couple of years channel sampling numerous veins generally Minerals prior to his formal appointment at Crescat Capital,
striking southeast through the O’Neil Gold Trend that extends has noted exceptionally high-stream sediment and soil samples
7 kilometers north and northeast. Finally on October 7, 2021 over several kilometers. That along with the presence of antimo-
Puma published some its first drill results from its maiden drill ny suggests close surface proximity to a high-grade epizonal zone
program. The headline number was 5.55 g/t gold over 50.15 me- found in orogenic systems. Despite being well financed, White
ters from surface, including 9.88 g/t gold over 8.60 meters and Rock was unable to secure a drill to begin testing Last Chance
46.94 g/t gold over 3.85 meters. Late in October, assays from six in 2021. But it did succeed in expanding the scale of VMS min-
more holes not only revealed similar high gold grades but also eralization with some exceptional intercepts like 1.4 meters of
showed a mineralized envelope extending beyond outside of the massive sulfide grading 35% zinc, 12.2% lead, 237 g/t silver, 2.9
host quartz veins. For example, one hole graded 1 g/t gold over g/t gold and 0.3% copper for 55.3% ZnEq. That was within a 5.8
40.6 meters including 6.93 g/t gold over 3.8 meters. Assays from meter zone grading 11.5% zinc, 3.4% lead, 69 g/t silver, 0.8 g/t
six holes are awaited from the company’s very modest 18-hole, gold and 0.1% copper. Given the short drill season in Alaska,
2,360 meter maiden drill program. Prior to the end of 2021, drill testing both systems at Red Mountain will wait for the 2022
management plans to commence a more aggressive 10,000 meter season. Meantime news flow from Australia has gotten under-
program.” way with high-grade gold values reported from another pros-
pect, the Woods Point Gold Project, a former high-grade mine in
‒ Jay Taylor, J Taylor’s Gold, Energy & Tech Stocks
Victoria.”
‒ Jay Taylor, J Taylor’s Gold, Energy & Tech Stocks
12 | METALS INVESTOR FORUM MAGAZINE NOVEMBER 2021Blackrock Silver Corp. Tinka Resources Ltd.
TSX-V: BRC | OTC: BKRRF TSX-V: TK | BVL: TK
FSE: AHZ OTCQB: TKRFF
MARKET CAP $165M CAD MARKET CAP $64M CAD
604-817-6044 604-685-9316
info@blackrocksilver.com info@tinkaresources.com
blackrocksilver.com tinkaresources.com
Blackrock Silver Corp’s flagship Tonopah West project con- Tinka is an exploration and development company with its
solidates the western half of the famed Tonopah Silver Dis- flagship property being the 100%-owned Ayawilca zinc-sil-
trict within the Walker Lane trend of Nevada. Known as the ver-tin project in central Peru. The Zinc Zone deposit has
Queen of the Silver Camps, the Tonopah Silver District pro- an estimated Indicated Mineral Resource of 19.0 Mt grad-
duced over 174 million ounces of silver and 1.8 million ounc- ing 7.15% Zn, 16.8 g/t Ag & 0.2% Pb and an Inferred mineral
es of gold from approximately 7.5 million tonnes making resource of 47.9 Mt grading 5.4% Zn, 20.0 g/t Ag & 0.4% Pb
it one of the most significant silver-gold districts in North (dated August 30, 2021). The Ayawilca Tin Zone has an es-
America. With 100,000m of exploration drilling completed timated Inferred mineral resource of 8.4 Mt grading 1.02%
since June 2020, Blackrock is the most active silver explora- Sn (dated August 30, 2021). Tinka also owns and is active-
tion company in North America and plans to deliver a maid- ly exploring early stage copper-gold skarn mineral systems
en resource on Tonopah West in Q1, 2022. within its highly prospective land package in central Peru.
Avino Silver & Gold Mines Ltd. Impact Silver Corp.
TSX: ASM TSX-V: IPT
NYSE AMERICAN: ASM FRANKFURT: IKL
MARKET CAP $113M CAD MARKET CAP $88.64M CAD
604-682-3701 604-664-7707
ir@avino.com inquiries@impactsilver.com
avino.com impactsilver.com
Avino is primarily a silver producer from its wholly owned
Avino Mine near Durango, Mexico. The Company’s silver IMPACT Silver Corp. is a successful silver-gold explorer-pro-
and gold production remains unhedged. The Company’s ducer with two processing plants on adjacent districts with-
mission and strategy is to create shareholder value through in its 100% owned mineral concessions covering 211km2 in
organic growth at the historic Avino Property and the stra- central Mexico with excellent infrastructure and labor force.
tegic acquisition of mineral exploration and mining proper- Over the past 15 years, IMPACT has produced over 10 mil-
ties. We are committed to managing all business activities in lion ounces of silver, generating revenues of over $200 mil-
a safe, environmentally responsible, and cost-effective man- lion, with no long-term debt. At the Royal Mines of Zacual-
ner, while contributing to the well-being of the communities pan Silver District, three underground silver mines and one
in which we operate. open pit mine feed the central Guadalupe processing plant.
To the south, in the Mamatla District, the Capire Project in-
cludes a 200 tpd processing pilot plant adjacent to an open
pit silver mine with a mineral resource of over 4.5 million
oz silver, 48 million lbs zinc and 21 million lbs lead (see IM-
PACT news release dated January 18, 2016 for details). Com-
pany engineers are reviewing Capire for potential restart of
operations in light of current elevated silver prices. With 15
years of exploration successes leading to production cash
flows, IMPACT has shown the Zacualpan Silver-Gold Dis-
trict to be endowed with many high grade silver-gold zones
and has placed multiple zones into commercial production.
NOVEMBER 2021 METALSINVESTORFORUM.COM | 13economics. Based on those reports’ success, the Company is
Genius Metals Inc. now completing Preliminary Feasibility Studies for all three
mines based on its large and growing mineral resources
TSX-V: GENI base. The Company added over 28 million tonnes of mineral
MARKET CAP $9M CAD resources in 2020 despite its challenges from the COVID-19
(579) 476-7000 pandemic.
info@geniusmetals.com Furthermore, the Company also has many more excit-
geniusmetals.com ing brownfield exploration opportunities at all mines and
very prospective mineral concessions in Peru and Mexico,
Genius Metals is a Canadian mineral exploration compa- which provide longer-term exploration upside and mineral
ny focused on the acquisition, exploration and, if warrant- resource growth potential. The Company continues to im-
ed, development of natural resource properties of merit in prove its per-share value for shareholders and has funded all
Canada. growth through cash flow and debt facilities. Sierra Metals
offers investors copper and precious metals exposure with
Genius Metals is a new gold explorer focused on developing further production and mineral resource growth upside. The
its 100% owned Sakami Property located in James Bay Ter- Company operates in well-known and established mining
ritory, Québec. The Sakami Property consists of 588 claims jurisdictions with supportive governments.
covering 302 km2 straddling the Opinaca - La Grande geo-
logical contact. Three highly prospective zones have been “Sierra Metals is a base and precious metal producer. It is one of
identified in recent exploration campaigns: Lamarche (up the cheapest, trading at only 1-2 times 2022 EBITDA. Its prod-
to 13 g/t Au, 266 g/t Ag, 0.47% Cu, 19.2% Zn, 5.56% Pb), ucts include copper (40-50%), gold/silver (30%) zinc, lead, and
Golden Eye (up to 2.55 g/t Au including 1.02 g/t over 4.1 iron ore in the future. Sierra has a strong balance sheet, is almost
m in channel sample) and Trans-Taïga (up to 6.10 g/t Au, debt free and has started to pay a dividend. In the next 5 years,
1.80% Cu) the company plans to double its production by growing organi-
cally and becoming a significant player in the space.”
“Genius Metals is a young company exploring in Sakami, Que-
‒ Chen Lin, What is Chen Buying? What is Chen Selling?
bec and sitting on the same fault as Elenore. Genius manage-
ment successfully built Maya Gold and Silver, now Aya Gold
and Silver, from the ground up. Early shareholders enjoyed over
20-fold increases in share price. The company spent the past few
years consolidating the area while insiders purchased millions Golden Minerals Company
of shares from the open market and private placements. The ini-
TSX: AUM
tial results are coming out, and it is an exciting time to follow
Genius.” NYSE AMERICAN: AUMN
MARKET CAP $85M CAD
‒ Chen Lin, What is Chen Buying? What is Chen Selling?
(303) 839-5060 | 1 (888) 696-2739
investor.relations@goldenminerals.com
goldenminerals.com
Sierra Metals Inc.
Golden Minerals Company is a Colorado-based precious
TSX: SMT | BVL: SMT metals producer with a pipeline of exploration projects in
NYSE AMERICAN: SMTS Mexico, Argentina and Nevada. The company transitioned
MARKET CAP $425M CAD from exploration firm to gold-silver producer in January
1 (866) 493-9646 2021 when it began production at the Rodeo open pit mine
info@sierrametals.com in Durango State, Mexico – notably incurring just $1.5M
sierrametals.com in startup expenditures, given it already owned the mill at
which Rodeo’s material is processed. Rodeo’s mining opera-
tions broke even in the first quarter of production and have
Sierra Metals is a diversified Canadian mining company fo- been producing positive cash flow ever since.
cused on the production and development of precious and
base metals from its polymetallic Yauricocha Mine in Peru, Separately, the company intends to restart production at the
its Bolivar Copper Mine and its Cusi Silver Mine in Mexico. much larger silver-gold Velardeña Properties, potentially in
The Company is focused on increasing production volume 2022, where the use of bio-oxidation (“BIOX”) processing of
and is currently ramping up production at all three mines. sulfide concentrates is expected to result in a dramatic in-
Additionally, the Company recently released Preliminary crease in overall gold recovery that will give rise to 10+ years
Economic Assessments for all three mines boasting positive of profitable operations. In August, the company submitted
material for a third and final round of bulk sample testing
14 | METALS INVESTOR FORUM MAGAZINE NOVEMBER 2021of the BIOX processing methodology in order to obtain de-
sign criteria for construction plans. Management expects Infinitum Copper
to evaluate and report those results in late Q4 2022. At that
time, the company expects to seek board approval to move Pending TSX-V: INFI
forward in 2022 with construction of the BIOX circuit at its MARKET CAP $15.3M CAD
oxide processing plant and starting production at Velardeña. +52 55 3441 7980
anna@infinitumcopper.com
“Golden Minerals is a turnaround story. The stock was trading
infinitumcopper.com
to 20 dollars in the last bull market and jumped to over 1 dollar
early this year due to the silver squeeze. Now it is trading at less
than half of the yearly high. AUMN successfully started the first Infinitum Copper is a newly listed TSX Venture Exchange
mine, Rodeo, on time and on budget. This mine brings in excel- listed company created to explore the highly prospective
lent free cash flow to the company at the current gold and silver Adelita copper project in Sonora state, Mexico. Adelita hosts
prices. They are working on the second and much larger mine, known high-grade copper mineralization in a skarn zone
Velardena, and getting it into production in the near future.” related to a porphyry copper-molybdenum system. It is ad-
‒ Chen Lin, What is Chen Buying? What is Chen Selling? jacent to the Alamo Dorado mine that operated until 2017
and is part of the same mineralizing district. Our plans are
guided by Dr. Peter Megaw who has been involved in Mexi-
can exploration for 40 years and Douglas Kirwin who has 50
years of international exploration experience both of whom
Newcore Gold Ltd. have multiple discovery credits to their names. Local knowl-
TSX-V: NCAU | OTCQX: NCAUF
edge of the geology and community are ensured by geolo-
gists Rafael Gallardo and Ariel Navarro who will directly
MARKET CAP $65M CAD
oversee exploration activities. Our high-quality Adelita as-
(604) 484-4399 set with multiple exploration targets, favourable mining ju-
info@newcoregold.com risdiction and world class team with a proven track record
newcoregold.com make Infinitum Copper a story worth watching.
“Infinitum Copper is a new IPO in the red hot copper space. Run
Newcore Gold Ltd. is advancing its 100%-owned Enchi
by the well-known management of Steve Robertson and Peter
Gold Project in southwest Ghana. The project’s 216 sq. km
Megaw, they are looking for major copper/gold discoveries in
land package covers 40 kms of Ghana’s prolific Bibiani Shear
Sonora Mexico. The previous operator has already made a nice
Zone, a gold belt which hosts several large, multi-million-
discovery; for example, 16 meters of 1.96% Copper, 78g/ton sil-
ounce gold deposits, including Kinross’ Chirano mine 50
ver and 0.835g/ton gold. They will be actively exploring this and
kms to the north. A 90,000 metre drill program is underway
surrounding areas for new discoveries. Infinitum has a very tight
focused on both testing extensions of the existing resource
share structure, only 37 million shares outstanding, and any new
area while also testing a number of exploration targets.
discovery will make a big impact to its share price.”
Newcore’s top-tier leadership is aligned with shareholders
through their 27% equity ownership and is backed by one ‒ Chen Lin, What is Chen Buying? What is Chen Selling?
of the strongest boards in the sector. Our vision is to build a
responsive, creative and powerful gold enterprise that maxi-
mizes returns for shareholders.
“Newcore is actively exploring on a prolific gold belt in Gha-
na, where huge mines are run by Newmont, Kinross and Gold
Fields. 1.4 million oz gold resource was discovered. An updated
PEA pointed to US$212 million after tax NPV with 5% discount
rate and 42% IRR. The major upside is the deep drilling, where
their neighbours have found big high-grade deposits. Their re-
cent drilling of 2.04g/tonne over 35 meters from surface looks
very encouraging.”
‒ Chen Lin, What is Chen Buying? What is Chen Selling?
NOVEMBER 2021 METALSINVESTORFORUM.COM | 15Edgemont Gold Corp. Revival Gold Inc.
CSE: EDGM | FRA: EG8 OTCQX: RVLGF | TSX-V: RVG
MARKET CAP $4.9M CAD MARKET CAP $47M CAD
(778) 773-4786 (416) 366-4100
info@edgemontgold.com info@revival-gold.com
edgemontgold.com revival-gold.com
Edgemont Gold Corp. is a new gold exploration company fo- Revival Gold Inc. is a growth-focused gold exploration
cused on the Dungate copper-gold porphyry project located and development company. The Company is advancing the
6km south of Houston in northern British Columbia, Cana- Beartrack-Arnett Gold Project located in Idaho, USA.
da, in a region with a history of successful mining projects,
including the Equity Silver Mine, Imperial Metals’ Huckle- Beartrack-Arnett is the largest past producing gold mine in
berry Mine, and the more recent gold-silver discovery at Sun the State of Idaho and hosts a multi-million ounce resource
Summit Minerals’ Buck Project which sits just 7 km to the of gold. The project benefits from existing infrastructure
south. The project has excellent infrastructure in place and is including roads, a hydro powerline to site and an existing
workable year-round. ADR gold processing facility. Preliminary plans are for a
first phase restart of open pit heap leach operations to pro-
The project hosts compelling targets identified by magnet- duce 72,000 ounces of gold per year at an AISC of $1,057 per
ic and IP surveys and mineralization at depth confirmed by ounce gold. The leach operation is to be followed by a second
historic drilling. The only deep hole (333 m) ever drilled on phase mill operation at a much larger scale of production.
the property (in 1975) intercepted 142 m of chalcopyrite at
bottom of the hole. Beartrack-Arnett hosts outstanding exploration potential
with mineralization outlined over +5 km of known miner-
Edgemont successfully completed the Phase 1 drill program alized trend and a further 10 kms of favourable geological
at the Dungate project in October 2021. Results are pending structure to explore. The deposits are open on strike and at
on the 7 hole, 3,429 metre program. depth and have returned multiple drill intersections over 10
g/t gold including 71 g/t gold over 9.8 meters in the Ward’s
“Results are pending from the first drill program to test Eg-
Gulch area.
demont’s Dungate project, which offers two targets with good
evidence for copper-gold porphyry mineralization. This is grass- Additional disclosure of the Company’s financial statements,
roots exploration with no guarantees but Dungate is in a good technical reports, material change reports, news releases and
location for an economic porphyry, geologically and in terms other information can be obtained at revival-gold.com or on
of infrastructure, and the biggest rewards go to investors who SEDAR at sedar.com.
joined early.”
“Revival has already outlined enough leachable gold at its Beart-
‒ Gwen Preston, Resource Maven
rack Arnett project to support a small mine but that was just the
start. Now RVG is chasing high-grade mineralization as it fits
sulphide tonnes into the mine plan, which could well become a
mid-sized mine on a brownfield site in the favoured jurisdiction
of Idaho. This is a team that makes pragmatic choices focused on
creating new value for shareholders in this market.”
‒ Gwen Preston, Resource Maven
16 | METALS INVESTOR FORUM MAGAZINE NOVEMBER 2021Canagold Resources Ltd. Endurance Gold Corp.
TSX: CCM | OTC-QB: CRCUF TSX-V: EDG
FRA: CANA MARKET CAP $32M CAD
MARKET CAP $35M CAD 604-682-2707
604-685-9700 info@endurancegold.com
info@canagoldresources.com endurancegold.com
canagoldresources.com
Endurance Gold Corporation is a precious metals explora-
Canagold is a TSX Main Board listed company focused on tion and development company focused on the acquisition,
advancing its New Polaris gold assets located in British Co- exploration and development of highly prospective North
lumbia, Canada. The company is well funded and is man- American mineral properties with the potential to develop
aged by an experienced team with proven ability to raise world class deposits. Our exploration focus is currently to
capital and advance projects from exploration to production. advance the Reliance Gold Project, located near Gold Bridge
The company has also optioned its non-core gold projects in B.C. in the historic Bralorne - Pioneer gold camp.
Nevada, US and British Columbia.
“Endurance Gold Corp., headed by CEO Robert Boyd, is focused
The company has a planned growth strategy aimed to in-
on delineating a gold discovery at the Reliance project within
crease the current the gold resource base at New Polaris and
the orogenic Bralorne district of southwestern British Columbia.
advance the project towards a feasibility study.
The target is a 300 m wide corridor with a minimum strike of
“Canagold’s flagship asset is the New Polaris gold project in 1,500 m whose complex geometry defeated past exploration ef-
northwestern British Columbia. The project was mined active- forts despite generating high grade intersections. The company is
ly from 1938-1942 and from 1946-1951 and produced 232,000 awaiting results in Q4 of 2021 for 10 core holes into the original
ounces of gold. Subsequent work by prior operators, and then by Imperial zone and the new Eagle zone that emerged in 2020 and
Canagold, would outline a high-grade, million-ounce resource was confirmed with shallow RC drilling in early 2021. Plan A is
at New Polaris. Based on that resource alone, a May 2020 PEA to follow up with more RC drilling to map the corridor in greater
put the project’s after-tax IRR at a robust 56% and its NPV, dis- detail and core drilling to assess the shallow dipping zones down
counted at 5%, at $333 million. Those are solid economics, es- dip and test for multiple deeper stacked zones. Reliance can be
pecially for a company that’s trading at less than a tenth of that drilled year round. Plan B is the 100% owned Elephant Moun-
valuation. But they really only scratch the surface of the poten- tain project in Alaska where past drilling indicates potential for
tial here.” an intrusion related gold system. This project requires a serious
exploration budget and thus awaits funding through a stronger
‒ Brien Lundin, Publisher and Editor of Gold Newsletter gold market or a farmout deal. Plan C is the Bandito project in
southeastern Yukon which hosts a large syenite intrusion where
partial prospecting has demonstrated heavy rare earth enrich-
ment that has never been tested by drilling. Bandito requires a
summer program to complete prospecting coverage and geophys-
ical surveys to develop drill targets.”
‒ John Kaiser, Kaiser Research Onliner
NOVEMBER 2021 METALSINVESTORFORUM.COM | 17P2 Gold Inc. DLP Resources Inc.
TSX-V: PGLD TSX-V: DLP | OTCQB: DLPRF
MARKET CAP $31.2M CAD MARKET CAP $15M CAD
778-655-6508 (250) 426-7808
info@p2gold.com jimstypula@dlpresourcesinc.com
p2gold.com dlpresourcesinc.com
P2 Gold is a Vancouver-based mineral exploration and de- DLP Resources Inc. is a mineral exploration company oper-
velopment company launched in 2020 to advance early-stage ating in Southeastern British Columbia, Canada and Peru,
precious metals and copper projects in favorable jurisdic- exploring for Base Metals and Cobalt.
tions in the western US and British Columbia. The manage-
ment team at P2 has a proven track record of success in all “DLP Resources Inc, headed by CEO Jim Stypula and Explo-
stages of mining, from discovery to profitable mining oper- ration VP Ian Gendall, is the southeastern British Columbia
ations, including taking the Brucejack Mine in the Golden idea vehicle for Sullivan expert David Leo Pighin. The Plan A
Triangle from discovery to commercial production in less focus is a group of 75% optioned claims called DD, Moby Dick
than eight years. P2 is focused on advancing its flagship and Nzou where DLP is engaged in a vectoring campaign test-
Gabbs Project in Nevada and BAM Property in northwest ing deep Sullivan scale zinc-lead-silver targets. Drilling of tar-
British Columbia, the newest gold discovery in the Golden gets on Moby Dick and Nzou will begin in Q4 of 2021 and can
Triangle. continue through winter. Plan B is the Hungry Creek project
to the north where the target is a sediment hosted copper-silver
“P2 Gold Inc, headed by CEO Joe Ovsenek and Exploration VP deposit similar to Montanore in Montana now owned by Hec-
Ken MacNaughton, is focused on the Gabbs copper-gold porphy- la. The property was expanded in 2021 when prospecting and
ry project in Nevada where past operators outlined a 73.1 million mapping identified geology prospective for this type of target not
tonne resource of oxides and sulphides within 4 zones. Plan A is previously recognized. Target development can resume in Q2 of
to complete a PEA by the end of 2022 which shows a 20,000 tpd 2022 with potential drilling during the summer of 2022. Plan C
combined oxide heap leaching and sulphide milling operation is a rethinking of the Aurora copper project in Peru where the
is worth developing. The upside lies in the potential to improve target is a deeper, potentially richer zone not properly tested by
the overall grade and to increase the tonnage to extend mine previous owners. While Plan A and B are pure exploration plays
life beyond 10 years. Results from a 5,000 m drill program are that need a discovery, Plan C involves an existing discovery with
awaited in Q4 of 2021. Grade improvement is possible through expansion potential and qualifies as a feasibility demonstration
a better understanding of the mineralized domains, while ton- play that would benefit from a higher copper price. Work on Au-
nage can increase by chasing the zone deeper than past drilling. rora hinges on the Peruvian permitting cycle.”
Gabbs also has untested bluesky potential for a deeper zone re- ‒ John Kaiser, Kaiser Research Online
lated to the 4 disconnected zones. A 15,000-20,000 m program is
planned for H1 of 2022 with a resource update in late Q3 ahead
of the PEA. Plan B is the BAM project in the Golden Triangle of
British Columbia where drilling in 2021 confirmed the Monarch
Zone as a high sulphidation epithermal discovery. A 10,000 m
plus drilling program is planned for the summer of 2022. Plan
C is the Silver Reef carbonate replacement style silver-lead-zinc
project in northern British Columbia.”
‒ John Kaiser, Kaiser Research Online
18 | METALS INVESTOR FORUM MAGAZINE NOVEMBER 2021You can also read
