Drolet Stock Notes on Delta Resources: Pure explorer completing a drilling program on Delta-2 gold project in the Chibougamau-Chapais mining camp

Mario Drolet, President of MI3 Communications Financières Inc. (MI3), released his Drolet Stock Notes on Delta Resources Limited (TSXV: DLTA) on December 7, 2020 for exclusive distribution on InvestorIntel. Highlights include:

  • Delta is currently focused on exploring its high-potential Delta-1 (Eureka) and Delta-2 (Lemoine, Chevrier type) projects respectively in the Thunder Bay area of Ontario and in the Chibougamau Mining Camp of Quebec.
  • Diamond drilling minimum of 5,000 metres started November 1, 2020 on Delta-2 which is South of the former producing Lemoine mine, Qc.
  • Excellent capital structure with ~35 million shares issued.
  • DLTA surge on volume and price following drill result from neighbors Genesis Metals (13.03 g/t Au over 10 meters)
  • MACD and RSI positive … MI3 short term target: $0.50-$.60 … awaiting on drill results!!!!
  • Support: S2; $0.335    S1; $0.40       Resistance: R1; $0.425    R2; $0.475

About Delta Resources Limited

Delta Resources Limited is a Canadian mineral exploration company focused on growing shareholder value through the exploration of two very high-potential gold and base-metal projects in Canada.

  • DELTA-1, located 50km west of Thunder Bay, Ontario where a 1000m drilling program was completed in Nov. 2019, testing the newly discovered Eureka Gold prospect. Results so far show very wide intercepts of low-grade gold in a km-scale alteration zone.
  • DELTA-2, located 35km SE of the Chibougamau, Quebec, where preliminary due diligence and prospecting work discovered two new gold occurrences where grab samples returned up to 55,8 g/t Au and 11,45 g/t Au.

Delta also owns a 100% interest in the Bellechasse-Timmins gold deposit in SE Quebec, which contains a 43-101 gold resource of 171,000 oz @1.83 g/t gold (indicated) and an additional 95,000 oz @1.36 g/t gold (inferred). On July 3, 2020, Delta signed an agreement with Yorkton Ventures Inc for the sale of the Bellechasse-Timmins project for $1,7M payable over 15 months of signing.

PLEASE DO YOUR DUE DILIGENCE

Disclaimer: This Mario Drolet Stock Notes are produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this report.




Drolet Stock Note: Azimut Exploration Inc. – Quebec Gold Discovery of the year 2020

Mario Drolet President of MI3 Communications Financières Inc. (MI3) released his Stock Notes on Azimut Exploration Inc. (TSXV: AZM) for exclusive distribution on InvestorIntel. In this note, MI3 highlighted the following points on Azimut Exploration Inc.:

  • Azimut holds a major gold and base metal portfolio in the mining-friendly province of Québec, Canada.
  • $10.5 million planned exploration budget
  • AZM has been founded in 1968 and the capital structure has never been consolidated with 66M shares outstanding.
  • Discovery of substantial gold mineralization in multiple drill hole intersections, including frequent high-grade intervals of its maiden diamond drilling program on the 100% owned Elmer Property in the James Bay region.
  • AZM trade at $1.54 on the pullback … a serious candidate for the Discovery of the year in 2020
  • Support: S2; $ 1.35   S1; $1.75   Resistance:   R1; $1.95    R2; $2.35   R3; 2.70

About Azimut

Azimut is a mineral exploration company whose core business is centred on target generation and partnership development. The Company uses a pioneering approach to big data analytics (the proprietary AZtechMineTM expert system) enhanced by extensive exploration know-how. Azimut maintains rigorous financial discipline and has 65.7 million shares outstanding. Azimut’s competitive edge against exploration risk is founded on systematic regional-scale data analysis and multiple concurrently active projects.

PLEASE DO YOUR DUE DILIGENCE

Disclaimer: This MI3 Technical Note produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this report.




Drolet Stock Note: Delta Resources Limited – Pure Gold explorer in Quebec and Ontario

Mario Drolet President of MI3 Communications Financières Inc. (MI3) released his Stock Notes on Delta Resources Limited (TSXV: DLTA) for exclusive distribution on InvestorIntel. In this note, MI3 highlighted the following points on Delta Resources Limited:

  • Delta Resources Limited is a new Canadian mineral exploration company born at the end of June 2019.
  • Delta is currently focused on exploring its high-potential Delta-1 (Eureka) and Delta-2 projects respectively in the Thunder Bay area of Ontario and in the Chibougamau Mining Camp of Quebec while evaluating other projects in Canada deemed to have a strong potential for new discoveries.
  • Delta Resources Sold the Bellechasse-Timmins Property for $1.7M to Yorkton Ventures.
  • Good capital structure with only 29M shares outstanding
  • New 52 week high at $0.29
  • DLTA traded over 5.5 Million shares over the last 75 trading session between $0.07 & $0.29
  • Support: S2; $0.20    S1; $0.25   Resistance:   R1; $0.29    R2; $0.35

About Delta Resources Limited

Delta Resources Limited is a Canadian mineral exploration company focused on growing shareholder value through the acquisition of high-potential gold and base-metal projects in Canada, exploring these projects with state-of-the-art methods, and potentially developing these projects into mines.

On October 3rd, 2019, Delta announced the acquisition of the Eureka Gold Discovery in the Thunder Bay area and on October 16th, 2019, the acquisition of the Delta-2 Property which hosts the R-14 Gold Prospect in the Chibougamau Mining District of Quebec.

Delta also owns a 100% interest in the Bellechasse-Timmins gold deposit in southeastern Quebec, Canada which contains a 43-101 gold resource of 171,000 ounces at an average grade of 1.83 g/t gold in the indicated category and an additional 95,000 ounces at an average grade of 1.36 g/t gold in the inferred category (SGS Canada Inc., Bellechasse-Timmins Property Resource Estimate, Southeastern Quebec, August 1, 2012). On July 3, 2020 Delta Resources Limited announced the sale of the project to Yorkton Ventures Limited for $1.7Million.

PLEASE DO YOUR DUE DILIGENCE

Disclaimer: This MI3 Technical Note produced by MI³ Communications Financières is neither an offer to sell, nor the solicitation of an offer to buy any of the securities discussed therein. The information contained is prepared by MI3, emanating from sources deemed to be reliable. MI3 Communications Financières makes no representations or warranties with respect to the accuracy, correctness or completeness of such information. MI³ Communications Financières accepts no liability whatsoever for any loss arising from the use of the information contained therein. Please take note that for compliance purposes, all directors, consultants or employees of MI3 Communications Financières are prohibited from trading the securities of the company and MI3 Communications Financières is a shareholder and do not intend to sell any shares during the distribution of this report.




Noble and JV partners focused on exploring over 79,000 hectares of mineral rights in Northern Ontario

If you are looking for huge exploration potential just 30kms from Timmins then Canadian junior exploration company Noble Mineral Exploration Inc. (TSXV: NOB) (“Noble”) has it all. Even better is the area is highly prospective for the most valuable metals – gold, nickel, cobalt, and copper. The Timmins area has been a prolific gold and base metals mining region for over a century and has produced over 75 million ounces of gold. In fact, the Abitibi Greenstone Belt, which stretches from Ontario to Quebec has produced over 180 million ounces of gold thus far, unparalleled anywhere on the planet except in the gold fields of South Africa.

Noble holds a massive land package of over 79,000 hectares of mineral rights on their Project 81 in Northern Ontario. The Project is in the prolific Timmins/Cochrane area which hosts a multiple of diverse drill ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration. Project 81 has >4,000 anomalous responses with 1,822 targets, resulting in 532 unique bedrock targets within 94 anomalous trends. Noble uses a project generator model which means they can joint venture (JV) with several other companies who will pay for the exploration in return for a share in the project. Noble also holds a portfolio of securities with its JV partners, plus gold streaming and royalty interests.

Project 81 location map in the Timmins area of Northern Ontario, Canada

Project 81 history

Historical exploration has identified nickel and gold mineralization from work that was carried out in the 1960’s and 1970’s. The project sits adjacent to the Kidd Creek Mine Complex that produced about 160 million tons of very good quality base metals. Mega deposits of this size are just not isolated and random, and normally host other satellite deposits.

Latest drill results

Noble Mineral has recently been advised of the 2019 winter drill program results from Project 81, Carnegie Township (Twp), from one of the company’s option and JV partners. A total of seven holes were drilled at Carnegie Township to test conductive trends from a previous survey flown in 2018. Four of the holes encountered anomalous zinc and copper mineralization. One of the holes requires re-assaying after intersecting 12 m of Zn mineralization, with some sections greater than 1% zinc. Another drill hole encountered up to 18 m of massive to semi-massive sulfide containing anomalous but low-grade zinc. Two more drill holes are scheduled in September to test additional airborne targets at Carnegie, with follow up drill programs planned to continue the exploration of the area.

Vance White, President, and CEO of Noble quotes: “We are very pleased that our Carnegie partners will continue with additional work on the Carnegie targets.”

Drill targets summary

All mining land taxes are now fully paid

The Company also reported that it has fully repaid all mining land taxes that had accrued on the patented properties comprising the bulk of its Project 81 property. Noble has elected to pay the final installment before the scheduled payment date and has received confirmation from the Government of Ontario that all payments were received and that there are currently no mining land taxes owing on the patented properties within Project 81.

Close to excellent infrastructure and the town of Timmins

Project 81 is well served by the nearby town of Timmins just 30 km away. As a regional service and distribution center, Timmins not only supports the mining industry but also the lumbering and related secondary and tertiary industries within the region.

Investors will need to wait a bit longer as Noble continues to partner so as to better explore such a massive landholding with huge potential.




Vance White on Noble Mineral’s ‘mega deposit potential’ of gold, nickel – and cobalt.

Recently during PDAC 2019, Vance White, President, CEO and Director of Noble Mineral Exploration Inc. (TSXV: NOB), shared with InvestorIntel’s Tracy Weslosky, why Noble Mineral shares were up +52% in the month of February. Vance started “We are not just into gold exploration we are into nickel, cobalt exploration as well which are tremendously important for the expansion of the electric vehicle market. On top of that the property sits immediately north of the Kidd Creek Mine which has produced about 160 million tons over the course of last 50 years of production. That type of mega deposit normally hosts other satellite deposits that could be in the order of 30-50 million tons. That being the case we could be looking at significant repricing of the shares in the market place.”

Noble Mineral Exploration Inc. is a Canadian-based junior exploration company which, in addition to its shareholdings in in Spruce Ridge Resources Ltd., and MacDonald Mines Exploration Ltd., and its interest in the Holdsworth gold exploration property in the area of Wawa, Ontario, holds in excess of 79,000 hectares of mineral rights in the Timmins – Cochrane areas of Northern Ontario known as Project 81. Project 81 hosts diversified drill-ready gold, nickel-cobalt and base metal exploration targets at various stages of exploration.

To access the compete interview, click here

Disclaimer: Noble Mineral Exploration Inc. is an advertorial member of InvestorIntel Corp.




Project 81 prepares to show its hand

Following more than five decades of exploration, Project 81, an extensive collection of contiguous claims in proximity to the historic mining city of Timmins, Ontario, is about to show some of its hand. Historical drilling from the 60’s reveals that the circa 70,000 hectare property could feature multiple viable gold and base metal targets, and a recent flurry of exploration work by owners Noble Mineral Exploration Inc. (TSXV: NOB) (“Noble”) will culminate in an ocean of processed data this December, potentially resulting in massive stock volatility.

The exploration data is currently being compiled by renowned geophysicists Orix Geoscience after months of drilling and airborne electromagnetic surveys targeted areas that were identified as prospective. In anticipation of a ‘big reveal’ from such a large project, what follows is a rundown of what Noble has to offer to investors looking for their next major play, but, personally, I feel that the project represents a tremendous opportunity to capitalize on a relatively underexplored and massive section of one of Canada’s most prospective regions.

Promising drill targets were identified through a combination of historical results and recent testing programs, including volcanogenic massive sulfide ore (VMS) targets that are thought to be similar to the geology of Glencore’s Kidd mine at nearby Kidd Creek, the deepest base-metals mine on Earth and the nearest accessible point to the center of the planet as more than 150,000 million tonnes of ore has been mined from the site in just over 50 years.

If the old adage about the best deposits lying close to the best mines is to be believed, Project 81 stands a phenomenal chance of succeeding based on its size and position alone. Timmins, too, is widely known for being one of the richest goldfields in the world, born out of the Porcupine gold rush of the early 1900s, it has since been home to the most prolific gold mines in Canada’s history.

Crucially, Noble’s CEO and President, Vance White, already has previous high-profile Ontario successes under his belt; Mr White was President and Director of Dickenson Group before it was bought out by Goldcorp in 1989, and the resource that sealed the deal went on to become the record-breaking Red Lake mine, coughing-up over 22 million ounces of gold and still producing to this day. A good team in a good location is one thing, but it will always be the geology that seals the deal for investors.

An airborne geophysical survey was recently completed over the northern 8 of 12 townships that lie within Project 81, and a wide range of targets were identified for further exploration. Among this work will be a gravity gradiometry survey of the entire 70,000 hectares that will more accurately identify and define the numerous mineral deposits throughout the area. This data will be released by mid-December when Orix has finished compiling all findings into a digestible format, but many anomalies have thus far proven enticing.

In particular, the Lucas target is a large granite-based anomaly that appears to be faulted straight through the middle. Typically, these shear zones are associated with significant mineral values; add this to the fact that the Lucas site has historically assayed up to 3.5 g/t Au, and we have a potential winner. Although with around 40 priority trends identified for exploration on the property, it likely won’t be alone.

The property is so large that Noble are even optioning off sections of entire townships to other prospectors, which, combined with recent private placement closures, has returned the company millions of dollars in cash, stocks and contractual first year payments, and that’s just since the beginning of September. During Vance White’s time there, the market cap of Dickensen went from Cdn$2 million to well over Cdn$100 million; with cash to spend and a gargantuan property in a region so prolific as Timmins, the results that tip the scale could be mere weeks away.

Furthermore, once fully established, it is thought that the company would separate its mineral assets into two distinct packages, with one focused on its gold-bearing assets and the other on its VMS, base metals and nickel assets. Any investor who chose to get in before the project progressed to this point would stand to benefit from both of these ventures in the future.




Coro Mining Fast Tracks Copper Projects

Finally, in the last quarter of the 2016, copper found its footing. The red metal has spent the last five years going down the same track as the rest of the base metal basket. An unwillingness by producers to substantially cut production, resulted in a latent recovery. While nickel and zinc all showed upside, copper plodded along. Finally, in a nascent Trump regime, copper gained ground as serious short positions were closed out and financial markets repositioned themselves for an anticipated recovery in infrastructure spend.

If we had the foresight to have invested in Coro Mining Corp. (TSX: COP) (“Coro”), a year ago, we would have nearly tripled our money as the stock has climbed from C$0.05/share to C$0.14/share over this time.

According to company CEO and President, Alan Stephens, as explained in a recent interview with InvestorIntel’s CEO Tracy Weslosky, what makes Coro Mining different, is that “most resource companies are either exploration companies or mining companies” Stephens went onto explain that Coro is different in that they seek “Coro-type deposits” which can be fast-tracked from exploration and put into production fairly quickly.

Analysing the company, we see evidence of Coro’s ability to fast track projects all around. For instance, the Marimaca project is a new discovery, which was first drilled only last year. The company already expects this project will be in production by 2018 or early 2019, which is exceptionally fast as far as mining developments go. Furthermore, the company has acquired a SX/EW processing plant, called Ivan, which is close to the deposit, thereby limiting transport costs, and will enable the company to produce copper metal, as opposed to just concentrate, capturing the additional value for shareholders.

In addition to having its Ivan plant close to the deposit, Marimaca is also located in a part of Chile that is well developed with access to significant infrastructure. This includes a powerline and a highway only 14km, and a port around 22km to the east, thereby reducing transportation costs.

Closest to production, is the company’s Berta mine, with its associated Nora processing plant. The company is ramping up steadily and has expanded the plant to be able to process 4,800 tpa of copper cathode compared to 3,000 tpa. Coro confirmed at the end of March that the leaching of copper is expected to commence by month end with processing at the Nora plant to begin soon after. To date, the project has produced copper cathode, but not in commercial quantities. We are however expecting maiden production by the middle of this year, which should de-risk Coro and set the company up well for future development.

What is important to note with the Berta/Nora project is that Coro has an offtake agreement in place for its copper cathode, which involves the buyer paying a price, dependent on the grade. So once the project reaches commercial production, assuming the spec is correct, it should be immediately cash generative.

Going forward, Coro has just closed out the final tranche of its non-brokered private placement, bringing the company an additional C$4.82m and raising the total funding through private placements to C$16.152, which will go towards funding the acquisition of Minera Rayrock Ltda. Rayrock is the owner of the Ivan SX/EW plant, which has a 12,000tpa capacity. Coro’s intention is to use some of this capital to fund continued exploration of the Marimaca project in order to fully utilise Ivan’s capacity, thereby scaling the Coro operation.

It is evident that Coro is offering investors a unique opportunity to get involved in a scalable business that offers two near-producing assets, a fully integrated operation in one of the best copper-jurisdictions in the world.

Since the financial crisis, mining cycles seem to be getting shorter and capital is becoming less patient. Mining juniors are having to compete for funding from fast-paced tech developments, promising enormous year on year growth and unprecedented returns on investment. Consequently, any mine junior today that can prove their ability to not only source quality deposits, but to turn these into producing assets quickly, is sure to see upside and Coro is proving to be doing just that.