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A double-edged sword 🗡️

A double-edged sword 🗡️

Wingman
December 01, 2023

DISCLAIMER: None of this is financial advice. This newsletter is strictly educational and is not investment advice or a solicitation to buy or sell any assets or to make any financial decisions. Please be careful and do your own research.

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Copper Road Resources Intersects 50 Metres Of 1.00% Cu Eq At The Richards Breccia And 95 Metres Of 0.51% Cu Eq At The Jogran Porphyry, Jr Zone, Batchewana Bay, Ontario
Fireweed Advances Boundary Zone, Intersecting 57.4 M Of 8.4% Zinc, 1.8% Lead, And 51.8 g/t Silver, And 49.9 M Of 10.1% Zinc, And 14.4 g/t Silver
Gander Gold Discovers Significant Gold System At Lizard Pond Claims – Gander South Project
Golden Ridge Intersects 86 Meters Of 1.00 g/t Au Including 22 Meters Of 1.58 g/t At The Williams Gold Property And Completes Phase II Drilling
Northern Shield Intersects Multiple Gold Structures Including 10.4 g/t Au Over 1.5 Metres At Root & Cellar Property, Newfoundland
Torex Gold Reports Results From 2023 Exploration Drilling Program At Media Luna West

Above are some of the noteworthy drill results that came out yesterday.

There also seemed to be quite a few companies announcing, upsizing, or closing private placements. Including a company we mentioned this week.

Juggernaut Files To Close Second Tranche Financing With Continued Support By Both Crescat Capital & Dr. Quinton Hennigh Technical Advisor

Strangely enough, we mentioned both Juggernaut and Northern Shield Resources in the article we wrote on Tuesday. What are the odds they both had news yesterday?

In the previous article, we mentioned that we knew $NRN hit gold but the question was how much and if it was going to be significant enough to move the share price.

Based on the initial market reaction, the overall consensus was that the intercept lengths were not too impressive. When your stock trades at a nickel, it doesn’t take much to see a material percentage change in price.

The stock held rather steady with buyers and sellers on each side. Clearly mixed opinions but generally speaking it is not the end of the story for $NRN.

The highlight drill result announced was 10.4 grams over 1.5 metres. But if you are aware of the story you would know that this was a very small drill program where $NRN only drilled 687 metres. That’s 🥜s

There is a webinar in the press release for Monday. But all in all, it looks like Ian is continuing to grasp a better understanding of his Root & Cellar project.

Make sure to subscribe to find out this weekend which one of the two we added to our portfolio.

What caught our eye was probably the same for you if you took a look at the table of companies that released drill results yesterday (look above).

Gander Gold Discovers Significant Gold System At Lizard Pond Claims – Gander South Project

Highlights:

• 3 RAB drill holes, totaling 196.5 meters drilled (65.5 meters per hole), contained anomalous to very anomalous gold mineralization throughout the entire length of all three holes, starting at surface;
• Significant individual gold intercepts over wide intervals were identified in all three drill holes (see Table 1) and all three holes finished in mineralization;
• Hole LZPRAB23-002 intersected 1.06 g/t Au over 13.7 meters starting at surface;
• Hole LZPRAB23-003 intersected 1.48 g/t Au over 3.0 meters starting at surface.

Gander Gold, Nov 30 2023 Press Release

According to their November Corporate deck, Eric Sprott holds 11.1% in $GAND. We also noticed Ian Fraser is the VP of Exploration. He is the CEO of Fathom Nickel, a company in our portfolio. So this caught Wingman’s eye.

$GAND is the yellow in the map above. Despite having a market capitalization of approximately C$6 million, the company holds a significant land position in Newfoundland, making it an attractive option for those interested in the Newfoundland Gold Rush.

To be the next New Found Gold, you need more than some low-grade intersections, but it is a good start.

We are not saying the market is going crazy over this stock, it moved two and a half cents yesterday. $GAND and $NRN depict the metaphor for the dual nature of speculating in penny stocks – a double-edged sword of risk and potential reward. It doesn't take much to move large percentage points in either direction.

It will be interesting to see how these two develop.

Copper Road Resources Intersects 50 Metres Of 1.00% Cu Eq At The Richards Breccia And 95 Metres Of 0.51% Cu Eq At The Jogran Porphyry, Jr Zone, Batchewana Bay, Ontario

Copper Road Resources also had an interesting press release that the market seemed to like.

Highlights 2023 JR Zone Drill Program

Richards Breccia

R23-01: 38.63 m @ 1.17% Cu Eq (76.37 to 115 m)

R23-04: 50.17 m @ 1.00% Cu Eq (79 to 129.17 m)

Jogran Porphyry

JR-23-01: 342 m @ 0.23% Cu Eq (8 to 350 m)

JR-23-02: 197 m @ 0.35% Cu Eq (4 to 201 m)

including 21 m @ 1.04% Cu Eq (5 to 26 m) within 95 m @ 0.51% CEq (4 to 99 m)

Copper Road Resources, Nov 30 2023 Press Release

“The Company also announces that it has finalized the following sponsorship arrangements with the Rocks and Stocks News YouTube channel and news website (“Rocks and Stocks”) and Ahead of the Herd (“AOTH”) newsletter.”

We will leave it to Alan to provide a more thorough overview of this company and encourage you to read $CRD’s lengthy press release. Caught Wingman’s eye.

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