We Are Pleased To Announce Attention-Grabbing 💩

Author

Wingman
January 04, 2024

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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Yesterday seemed to be a rather bearish day overall in the market, despite the presence of several press releases featuring compelling headlines boasting terms that investors eagerly seek.

  • High-Grade

  • Near-Surface

  • Continuity

We are not saying they are not without merit, but when trying to come up with a subject line for today’s article, it proved to be difficult.

But there's a good reason for interest in such words. These terms represent crucial elements that contribute to the economic viability of a deposit.

While headlines play a significant role, they don't encompass everything; yet, they certainly have the power to influence markets. Like Hercules Silver getting a haircut on a relatively strong press release.

But forget the headline. If the first sentence doesn’t include ‘we are pleased to announce’ you know it’s no bueno.

Anyway... now that I got my reason for the subject line out of the way, let’s get into yesterday’s news.

Highlights include:

- PE-21-318W3 returned 4.30 m of 23.81 g/t Au including 2.00 m of 50.35 g/t Au at a vertical depth of ~1,100 m;

- PE-21-318W4 returned 6.55 m of 9.57 g/t Au including 1.25 m of 45.34 g/t Au at a vertical depth of ~1,150 m; and

- PE-21-347W3 returned 3.50 m of 5.10 g/t Au including 0.50 m of 24.19 g/t Au at a vertical depth of ~1,000 m.

Reading the headline, the initial thought was of a positive move in the stock. But as soon as you click on the press release, you can see why. These are over a kilometre deep.

Jacques Trottier, PhD, Executive Chairman of Amex Exploration commented, "Today's results are focused on the definition drilling of the Eastern High Grade Zone at depth. As the Amex team continues to work towards releasing a resource estimate in 2024, tighter drill spacing is required to be able to properly classify both indicated and inferred resources. Even at a vertical depth of well over a kilometre now, the High Grade Zone continues to show remarkable continuity, which bodes well for the potential extraction of the orebody."

But if you read Jacques’ statement word-for-word thoroughly, a lot is being said.

  • Focused on Eastern High Grade Zone at depth

  • Resource estimate in 2024

  • Continues to show remarkable continuity

We don’t have a position in $AMEX, but we like the story and the team.

Benton Intersects 5.51% Copper over 25.42m Including 8.31% over 9.78m in GB-23-12 at Great Burnt, by @newsfile

Thunder Bay, Ontario--(Newsfile Corp. - January 3, 2024) - Benton Resources Inc. (TSXV: BEX) ("Benton" or the "Company") is pleased to announce the receipt of further impressive assay results from its recently completed Phase I drill program at the Great Burnt Copper deposit in south-central Newfoundland. The Company's latest three drill holes have significantly expanded the continuity of the high-grade core along strike and down plunge and it remains open to further expansion. GB-23-12, which cut 25.42m grading 5.51% Cu is considered to be near the core of the high-grade lens, which is the deepest high-grade drill intersection on the Great Burnt deposit to date. An interval within this zone returned 8.77% Cu, 4.43g/t Au, 82.00g/t Ag and 1.12% Zn over 1.00m. In addition, GB-23-13 and GB-23-14 also intersected the copper-rich zone, which is believed to be the up dip and down dip extension of the lens. Please see longitudinal section and summary table below for the complete results to date.

ceo.ca/@newsfile/benton-intersects-551-copper-over-2542m-including

Benton Resources is in Wingman’s portfolio. We will have some further commentary behind the subscriber page break, but @JCSCapital over at ceo.ca summed up the initial market reaction rather accurately.

CEO.ca - BEX Page

$BEX closed at C$0.205 ⬆️ 0.005 (2.5%)

by @newswire on 3 Jan 2024, 11:59

by @newswire on 3 Jan 2024, 12:11

Upon no news, $FM was halted for 12 minutes. Perhaps it was moving just a little too aggressively. But why move on no news?

Is there something the market knows that we don’t about the First Quantum and the Panamanian government? Or is it just January after-tax loss selling and a hard sell-off that warrants a little move up in price?

Perhaps something positive is coming as it closed yesterday at C$13.29, ⬆️ 1.32 (11.0%)

Now that is truly near-surface mineralization.

Assays for more than 3,850 m of diamond drilling from Snowline’s 2023 exploration efforts are forthcoming.

$SGD closed the day at C$5.09 ⬆️ 0.09 (1.8%)

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