Wastewater treatment facility, Alberta (Source: Proactive Investors)

1. Introduction

The last time I wrote about MGX Minerals (XMG.CSE) I described it as a rare breed of junior, and this company definitely seems to do everything to increasingly set itself apart from usual paradigms.

Introduction

This time Kees Dekker analyzes Adriatic Metals, an Australian junior exploring a very high grade polymetallic project called Rupice in Bosnia Herzegovina. Kees and I had our doubts as the last drill results at the border of the drill permitted area took a very long time until release, but when they did came in, the results appeared to be pretty good again.

This article is republished from Junior Stock Review, and written by Brian Leni. Genesis Metals has a syndication agreement with the Critical Investor.

We are not only in a resource sector bear market, but in the midst of peak holiday season, at least in the northern hemisphere.

1. Introduction

Investors had to wait longer than expected for a big hit, but this week Tinka Resources (TK.V, TKRFF.US) proved that looking for substantially more mineralization first instead of preparing a Preliminary Economic Assessment (PEA) is a viable strategy. The latest hole returned an amazing intercept of 10.4m grading 44.0% Zn at West Ayawilca, and what is particularly interesting is that management seems to be verifying their new theory on Ayawilca structural controls of geology with this result.

This article was published first on www.criticalinvestor.eu, a platform for junior mining

1. Introduction

Some juniors can be agonizingly slow on following up to their self-imposed timelines and ability to deliver results, however there are exceptions to the contrary.  Cypress Development (TSXV: CYP; OTC: CYDVF; FRA: C1Z1) is proceeding at breathtaking pace, going from their first drill hole at their Dean claystone lithium project in Nevada, US to the very recent announcement of a maiden resource estimate on both Dean and Glory projects in just over a year.

1. Introduction

Tinka Resources (TK.V, TKRFF.US) came a long way doing their financings without the Canadian brokerages, supported by Sentient and IFC, but finally it was time to let them in as the upcoming/ongoing drill programs, resource estimate and Preliminary Economic Assessment demanded a substantial treasury, preferably raised well before it will be needed.

After completing their drill program, Cypress Development (TSXV: CYP; OTC: CYDVF; FRA: C1Z1) is on track to deliver the maiden resource estimate for the Dean and Glory projects before the end of this month. The latest results, published on April 3, 2018, provided very strong showings for the northern part of the Glory project, likely adding more tonnage than expected here.  

1. Introduction

Slowly but surely and piece by piece, Tinka Resources (TK.V, TKRFF.US) is unraveling the complex puzzle which is the Ayawilca mineralization. As they hit more mineralization at Zone 3, for example best intercept 5m @20%Zn in hole A18-111, and polymetallic mineralization in adjacent hole A18-109, drilled from the same rig location, management seems more and more convinced that the source of all mineralization might be located below or east of Zone 3.

Chevrier Gold project; core shack Main Zone

After having completed a 10,150m 58 hole drill program on the Main Zone, plus 25 new trenches and re-sampling of 11 historic cores, it seems that Genesis Metals is well on its way to get more insight in the complex geology of Chevrier, therefore an update is warranted.