Brixton has acquired a 100 percent interest in 29,608 hectares of mineral rights in the Atlin Gold Camp of British. The land closing is with Desert Mountain Energy Corp (TSXV: DME), formerly African Queen Mines Ltd
A promising release this morning from Juggernaut Exploration as it provides more insight into most notably Big One anomaly. The IP survey shows chargeability in this anomaly, and as you might recall this massive 'blob' under the surface could be something special. Drill collars and pads are being sited for drilling into that anomaly to determine what the technicians are hoping. There is also, yet, another zone unfolding named Jay Bear. It seems like more and more is being uncovered in this region.
Overall, a great release with more zones and sites to drill and we wait for more to be accumulated. for more detail go to the Juggernaut site.
The company is underway with Phase II of their underground drilling program at the Company’s 100% owned Snip Gold Project located in the Golden Triangle of British Columbia. This is an exciting revitalization story of an historic mine. This is strong candidate to consider in your portfolio.
Phase II Drilling Highlights:
Juggernaut has begun surface exploration programs on both its Empire and Midas properties in preparation for the inaugural drilling program.
The program: 'will include detailed geological mapping, trenching, whole rock and alteration studies, soil sampling, prospecting, channel sampling, and diamond drilling. In preparation for drilling the Company will also conduct a detailed IP (induced polarization) geophysical program..."
Juggernaut has provided further updates on the previous addition of $1 million oversubscribed from June 8th. The increase came to $1.51 million in demand over the initial offer , which in and of itself was oversubscribed. We have seen in the past few weeks more and more interest, posts, analyst coverage and demand for this company. In Ahead of the Curve was the first publication to evaluate and recommend Juggernaut and it is incredible to see such strong interest piling in. The total amount of financing raised was just over $4.25 million! This is not just an indication of the interest in the sector but specific interest in this region, company, project and team. This is not the only one to watch but it is hopefully the first one to deliver results. We have done superbly well so far with this stock and await results from the drill program.
Mr. Dan Stuart, President & CEO states:
“The company is well funded and continues to garner attention and support of senior miners,
institutions and strategic investors alike. Juggernaut looks forward to reporting results in the
near future from the fully funded inaugural drilling and exploration programs on its 100%
controlled Midas and Empire properties. Both projects have road access and are in close
proximity to excellent infrastructure in Terrace British Columbia”
Skeena Resources which is a strong pick under the Prospects corner, released further drill results assays from 11 holes of the Phase II underground drilling program. This is a brownfield project in the Golden Triangle, from a historic mine.
Phase II Drilling Highlights:
Gary V. O’Connor has been named Chief Executive Officer and Chief Geologist. Ian C. Peres has been named President and Chief Financial Officer. Warren Bates has stepped down as Chief Financial Officer and will continue on the Board of Directors.
Ian C. Peres, President and CFO commented, “The change in titles better aligns senior executives with their primary roles and responsibilities. We would like to thank Mr. Bates for his contribution as CFO and look forward to his ongoing contribution on the technical committee and Board..."
The results from the seven diamond drill holes totalling 4,245.0 meters at the Golden Highway Project are in. This project is about 100km from Timmins, Ont. The company records 6 veins and two mineralized shoots in detail from the link below.
News today that GSR will spin out its Luckystrike property. Here are some of the highlights:· Goldstrike's six 100% owned properties with no underlying royalties or property payments in the White Gold District, Yukon to be spun-out as a standalone public company, Luckystrike Resources Ltd.
Transaction intended to maximize value, allowing the White Gold District properties to be advanced on a standalone basis, while giving shareholders the optionality of participating in both companies.
On completion, Luckystrike will have a strong balance sheet with a $2.5 million investment from Goldstrike as well as potential additional third-party private placement financing of up to $2.5 million.
· Goldstrike shareholders to receive Luckystrike shares on a 1 for 7 basis. On a pro forma basis, Goldstrike shareholders are expected to own approximately 76% and Goldstrike is expected to own approximately 24% of the outstanding Luckystrike shares.
There has been so much interest in the story of Juggernaut. This is the beginning for this stock. They oversubscribed their financing, and announced their inaugural drill program and the market has responded with nearly 1,000,000 shares trading.
Walking the booths at the Mining Investment Conference in Vancouver today a lot of questions were being asked of this company with its stock price increasing over 30% in two days. This is going to be an exciting year for this company.