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Snapshot of Yesterday: A Glimpse of All the Results!
Wingman
January 10, 2024
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“The mineralization model has been updated with the latest assay results, increasing the average grade by 43%, and a 24 % increase in volume”
“Management is currently considering all options to unlock the full value of the extensive new land package of the Golddigger property comprising 25 km of the Red Line containing multiple new discoveries, as well as the 100% controlled Bullseye Au-Cu porphyry target on the Luckystrike property, by potentially spinning-off these assets into a new 100% owned company by Goliath to add additional value to our stakeholders. We believe 2024 will be the best year to date for Goliath.”
Some of the key highlights in this very lengthy press release.
Drilling right to the propoerty boundary line.
To date, seventeen (17) holes have been drilled, totalling 4,914.9 metres. Eleven (11) holes (including GAL23-001) have cut significant spodumene mineralization. Pending assay results will be reported as soon as they become available.
Gama Explorations had a great pop yesterday on some impressive grab samples of titanium. Never heard of this company before but of the 64 rock samples, the average titanium grade was 28%.
Notice the scale, looks like a large property close to some Rio Tinto property.
Little information but the share structure is extremely tight resulting in a close today at C$0.205 ⬆️ C$0.075 (57.7%).
Maybe interesting play if you want exposure to titanium.
Zinc could have a really good year in 2024 and Fireweed is a retail favourite.
Brandon Macdonald, CEO, stated, “I am excited to start the year able to say that we have intersected our best-ever Boundary Zone drill intersection. We stepped out 140 m along strike from NB22-002 and NB23-007 and hit a spectacular intersection in NB23-028, further supporting our interpretation that there is a continuous high-grade feeder zone within the stratiform unit at Boundary Zone. We now have multiple wide and high-grade intersections that highlight the potential for another large zinc system within this exceptional critical minerals project.”
True width is 50m on this 143.95m intersection, but the zinc grade is still impressive. Congrats to the guys at $FWZ.
NN2310 returned positive sample results up to 5,660 ppm Li. These results include three contiguous mineralized horizons averaging 1479 ppm Li over 7.6m, 4084ppm Li over 30.9m, and 1749ppm Li over 9.1m.
What an odd headline and way to portray the data. Regardless, the market was not impressed as it closed at C$0.61 ⬇️ C$0.05 (7.6%).
Production results are just one part of the story, but the original guidance was updated and definitely looks like it is indeed on the higher end of the updated guidance estimates.
Financial results will come out later which is the norm. Same goes for Guanajuato Silver. They released their Q4 2023 production results as well. But again, without financials, what can you do with this information?
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