DiscoverDue Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Claim Ownership

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.

Author: Doc Jones the Resource Investor

Subscribed: 14Played: 267
Share

Description

I’m a PRIVATE INVESTOR, enjoying early retirement after a long, successful, and fulfilling career as an investment professional with a focus on the resource sector (including oil and gas). I employ common sense, fundamental, bottom-up analysis that incorporates not limited to: currency exchange rates, cost of labor, raw materials cost, geology, metallurgy, cost of capital, infrastructure, micro/macro influencing factors, experience of management, capital discipline by management, etc, etc… Research, research, research. I run a highly concentrated and focused portfolio.

The Math never lies
59 Episodes
Reverse
-case is stronger now then prior, Romanera drills setup, water lines laid, govt inspection concluding. --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
-Update after the last drill results that confirmed continuity of high grade -Back of napkin resource est.  -Plans for a Resource Est this year -Solid treasury -Motaqua Norte 20-25 km of gold found in float and subgroup samples, awaiting final granting of concession -The bottom line here is the boiling zone thesis is being proved up. Recent news  "February 16, 2022 – TheNewswire - Vancouver, British Columbia – Volcanic Gold Mines Inc. (TSXV:VG) (OTC:VLMZF) is pleased to report another exceptional intercept at depth on the Holly Property, Guatemala.  Hole HDD-21-027 intersected 4.57 meters (or approx. 4.1m true width) returning over 54 g/t gold and over 3.9 Kg/t silver.  This hole cut the vein at the same depth in the system as hole HDD-21-23 that intercepted 4.58m of 79.84 g/t gold and 5,053 g/t silver 150m to the south (see release 19 October 2021).  Drilling is ongoing again at Holly, focused on extending this high-grade system at depth and along strike to the south with a goal of establishing a meaningful high-grade resource and improving confidence in the trend of the vein structure.  Several other veins in the area with similar orientation will be tested during this present program." Research Reports on VG:  https://ceo.ca/@Drjimjones/doc-jones-talks-with-volcanic-golds-high-grade-goldsilver-targets-ceo-simon-ridgway-drill-it-or-kill-it-with-136-million-in-working-he-has-aggressive-exploration-plans https://ceo.ca/@Drjimjones/exploring-for-high-grade-gold-silverwith-volcanic-gold-mines-by-doc-jones NOTE: I’m a PRIVATE INVESTOR, enjoying early retirement after a successful and fulfilling career managing investment portfolios with a focus on the resource sector (including oil and gas). I am completely independent. My only client is me. No one pays me, I don't sell subscriptions or offer sponsorship deals or special access to my trading info... My money where my due diligence is and I explain why. I employ common sense, Fundamental, bottom-up analysis that incorporates but not limited to: currency exchange rates, cost of labor, raw materials cost, geology, Metallurgy, cost of capital, infrastructure, macro influencing factors, capital discipline by management, etc.   If the data changes then I do, no emotion about it, let the data guide your investments. Twitter: https://twitter.com/drjimjonesceo Podcast channel: https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675 Website: https://drjonesresourceinvestor.wordpress.com. Research, research, research. I run a highly concentrated and due diligence focused portfolio. If you want to invest along side me, it’s your money, your responsibility, buy and sell for your own reasons not mine. It’s your money. The best investment you can make is in your own education. I am driven by the hunt for value and truth. This is my passion in life. I’m a big research nerd. Always double-check and only trust the numbers that you have vetted.   Commit to memory: “all ozs in the ground are NOT created equal” understanding this basic principle will increase your wealth and your ability to sleep at night... Best, Doc Jones All information is for entertainment purposes only. Not investment advice. --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
CEO David Gower and Doc Jones review 2021 and outlook for 2022 IBW growth profile Aznalcollar tender awarding Value creation through the drill bit 5 drills turning going to 8 in next few weeks Addresses delays from Covid Recent drill results explained Neuvo Tintillo exploration programs Zero possibility of raising money, they have more cash in treasury then ever in their history Superior economics Undervalued severely in it's current as-is state I address some of the bs and misinformation being spread Accumulation of Emo stock by US based funds etc, etc https://ceo.ca/@drjimjones I’m a PRIVATE INVESTOR, enjoying early retirement after a successful and fulfilling career managing investment portfolios with a focus on the resource sector (including oil and gas). I am completely independent. My only client is me. No one pays me, I don't sell subscriptions or offer sponsorship deals or special access to my trading info... My money where my due diligence is and I explain why. I employ common sense, Fundamental, bottom-up analysis that incorporates but not limited to: currency exchange rates, cost of labor, raw materials cost, geology, Metallurgy, cost of capital, infrastructure, macro influencing factors, capital discipline by management, etc.   If the data changes then I do, no emotion about it, let the data guide your investments. Twitter: https://twitter.com/drjimjonesceo Podcast channel: https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675 Website: https://drjonesresourceinvestor.wordpress.com. Podcast is for entertainment purposes, not investment advice. --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
NOTE: This is a broad overview of the catalyst for each company, see Due Diligence Reports for detailed analysis.  -Focused Portfolio 2020-2021 total 2 yr return 5600%, no margin, no shorting, employing Thesis construction using math, earth science, financial analysis, data correlation and patience. I’m a PRIVATE INVESTOR, enjoying early retirement after a successful and fulfilling career managing investment portfolios with a focus on the resource sector (including oil and gas). I am completely independent. My only client is me. No one pays me, I don't sell subscriptions or offer sponsorship deals or special access to my trading info... My money where my due diligence is and I explain why. I employ common sense, Fundamental, bottom-up analysis that incorporates but not limited to: currency exchange rates, cost of labor, raw materials cost, geology, Metallurgy, cost of capital, infrastructure, macro influencing factors, capital discipline by management, etc.   If the data changes then I do, no emotion about it, let the data guide your investments. LARGEST POSITION: $EMO (High grade zinc, lead, copper, silver, gold) developer/explorer, see reports and podcasts for due diligence) NOTABLE POSITIONS $MPM (oxide gold) $BRAU, (gold developer/explorer, see podcasts for due diligence) $VG (gold silver) $GLDC (gold) $NBLC (copper/gold exploration, tier one discovery potential) Energy $GASX (Natural Gas pure play) $OYL (Billion barrel discovery play) Steel Industry $CAD (Met coal)  Lithium & Uranium holdings TBA  US CASH I’m a scientist, I change when the data/information changes.. no emotion about it, I retest the thesis then I buy more, scale-out, or hold for more data. I don’t work for anyone or get paid for the research I do. I give my research away for free to help educate the next generation about the wealth creation this sector can provide. I don’t proof-read enough but this isn’t a grammar/spelling contest, the prize, the gold, is in what story the numbers tell. Vet everything. Twitter: https://twitter.com/drjimjonesceo Podcast channel: https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675 Website: https://drjonesresourceinvestor.wordpress.com. Research, research, research. I run a highly concentrated and due diligence focused portfolio. If you want to invest along side me, it’s your money, your responsibility, buy and sell for your own reasons not mine. It’s your money. The best investment you can make is in your own education. I am driven by the hunt for value and truth. This is my passion in life. I’m a big research nerd. Always double-check and only trust the numbers that you have vetted.   Commit to memory: “all ozs in the ground are NOT created equal” understanding this basic principle will increase your wealth and your ability to sleep at night... Best, Doc Jones “The stock market is a device for transferring money from the impatient to the patient.” - Warren Buffett THIS IS NOT INVESTMENT ADVICE, USE AT OWN RISK. --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
It's early days but so far the results strengthen my original thesis. -Simon posits adding a 2nd rig to the project -Treasury currently at $10 Million -Blind vein discovered "The Amber Vein" with strong visible gold -The push towards a resource of 1 million ozs of high grade. -Volcanic Gold recent results: 14.8m @ 3.96 g/t gold and 1,097 g/t silver, including 2.2m @ 9.79 g/t gold and 2,035 g/t silver, and 1.85m @ 5.6 g/t gold and 2,801 g/t silver at Holly Project, Guatemala -Simon Ridgway, Volcanic’s President and CEO, commented: “It is great to see La Peña vein developing as a robust gold/silver system.  We are currently drilling hole HDD-21-021, stepping out along strike of La Peña vein which does not appear to be a narrow shoot.” -La Peña vein drill hole 4 cut a zone of disseminated silver mineralization grading 378 g/t Ag over 9.15m within the footwall of the vein (not included in the reported intercepts).  This silver mineralization was finely disseminated in altered volcanic rocks without significant veining.  The overall silver interval with La Peña vein and footwall disseminated silver mineralization returned 34.6m at 574 g/t Ag.  The hole stopped a few meters after the disseminated silver interval, with the final meters not assayed. --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
I catch-up with Simon Ridgway after the successful drill program on the Holly target Recent news release "Volcanic Gold drills 4.58m at 79.84 g/t Au and 5,053 g/t Ag, in the Southern Extension of the High Grade La Pena Vein (TheNewswire) 2021-10-19 -VG - News Release Shares issued 44,600,000 VG close - C$0.35c, W/C +$9 Million Vancouver, British Columbia - TheNewswire – Volcanic Gold Mines Inc. (TSXV:VG) is pleased to report that results from drilling in the south extension of the La Peña vein at the Holly property have returned bonanza high grades including 4.58 @ 79.84 g/t Au and 5,053 g/t Ag. Volcanic has received results from Holly drill holes HDD-21-021 and HDD-21-023 which targeted the La Peña vein along strike to the south and HDD-21-022, which targeted the vein to the north.  The drill has moved over to Volcanic’s Banderas Property after the termination of hole HDD-21-029 to allow the results of the Holly drilling to be received and the next program of holes to be planned with full results in hand. Holly Highlights: HDD-21-022 from 21.35m to 22.87m returns 1.52m @ 7.00 g/t Au and 48 g/t Ag And 27.45m to 32.02m returns 4.57m @ 1.05 g/t Au and 14 g/t Ag And 50.32m to 51.85m returns 1.53m @ 5.34 g/t Au HDD-21-023 from 196.72m to 198.25m returns 1.53m @ 1.93 g/t Au and 171 g/t Ag And 202.82m to 207.40m returns 4.58m @ 79.84 g/t Au and 5,053 g/t Ag Including 204.45m to 205.70m returns 1.25m @ 289.50 g/t Au and 18,329 g/t Ag The initial focus at the Peña vein system was to define the vein within the broad zone of the Jocotan fault breccia, extending the mineralization down dip to the zone with consistent high grades that were intersected in holes HDD-21-017 and 019. HDD-21-021 and HDD-21-023 were drilled to cut the Peña vein to the south of the Jocotan fault zone. HDD-21-021 cut minor upper-level veining with weaker mineralization including 1.18m of 0.19 g/t Au and 40 g/t Ag from 53.37 to 54.55m within felsic tuffs. Roughly 80m down dip, HDD-21-023 cut the structure hosted in laminated mudstones where the vein returned 4.58m @ 79.84 g/t Au and 5,053 g/t Ag.  This hole confirms the strike extent of the Peña vein to the south and demonstrates that the inter-bedded volcanics and sediments are potentially good hosts for high grade gold and silver mineralization at Holly. HDD-21-022 was drilled within the footwall of Peña and did not intersect the main structure.  The significant results from 022 are footwall splay veins off Peña. It appears some fault offsets made it more challenging to extend mineralization to the north in the Paleozoic Phyllites, although results on holes HDD-21-026 and 027 to the north are still pending. The drill rig will be moving over to the nearby Banderas Property in the next few days and drilling will commence promptly.  Volcanic will be targeting the deeper extensions of the major gold-silver rich veins where the source and potential convergence zones have never been tested." --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
I have a detailed talk with Serafino Iacono, one the worlds most successful resource investors about GASX.V (a core portfolio holding) upcoming drilling of Sinu-9 and first production at Maria Conchita. The Sinu-9 Block covers an area of 311,353 acres and is located in the north part of Colombia sharing area in Lower Magdalena and San Jacinto basins, two of the basins with the largest gas and light oil potential in the country. The region has excellent infrastructure with open access to national oil and gas pipelines, 50km port access, and coverage of a reliable electricity grid. NG Energy has secured financing and identified four drilling locations for a 2021 Summer/Fall exploration program. Flagship Highlights Excellent exploration potential for natural gas with Best Estimate ContingentResources of 37.0 Bcf and Best Estimate  Prospective Resources (Prospects) Unrisked of 602.2 Bcf (Risked 182.4 Bcf)  and Prospective Resources (Leads) of459.0 Bcf gross(1) Canacol’s block to the west has booked natural gas 2P reserves of 637 Bcf and production of 172 MMcf/d 2020(2) Canacol recently drilled Aguas Vivas 1 to the east of Sinu-9 and hit 402 ft of pay zone and tested 35.5 MMcf/d(3) Area has excellent infrastructure with open access to national oil and gaspipelines, and coverage of a reliable  electricity grid Binding offer for $27.7 million financing package with CPVEN to construct andcomplete 4 wells NG has identified four near-term drilling locations SINU-9 Best Estimate Contingent Resources of 37.0 Bcf1 Best Estimate Prospective Resources (Prospects) Unrisked of 602.2 Bcf (Risked 182.4 Bcf) and Prospective Resources (Leads) of 459.0 Bcf1 Binding offer for US$27.7 million financing to construct & complete initial four-well drilling program:  Q4-21: Drilling of Magico-1X and Mago  Q4-21: Production tests through temporary facilities beginning at Magico and Mago and design of permanent production facilities Maria Conchita 2P Reserves of 27.7 Bcf1 Best Estimate Gross Prospective Resources (prospects) Unrisked 155.9 Bcf (Risked 31.4 Bcf)1 Tested 7-11 MMcf/d through separate DST tests in 3 different zones with 48/64” choke on Aruchara-12 ⚫ Q4-21: Complete pipeline and production facilities connecting field to national infrastructure https://drjonesresourceinvestor.wordpress.com/ https://ngenergyintl.com/wp-content/uploads/2021/09/NGE-September-2021.pdf. --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
A TITAN RISES. $EMO EMERITA RESOURCE 3rd largest landholder in IBERIAN PYRITE BELT DUE DILIGENCE REPORT #10 THE NEXT 10X....THE TRANSFORMATION INTO A HIGH-GRADE MINING TITAN CONTINUES…. Emerita Resources continues to grow and strengthen its dominant position in The Iberian Pyrite Belt, the largest and most mineral endowed VMS belt in the world. It as become the 3rd largest land holder in this highly coveted region of Spain were they operate that is richly endowed with high-grade copper, zinc, silver, lead and gold, having won 7 additional public land tenders in the last year. They achieved this by consistently winning tenders, beating major mining companies due to their inherently superior technical prowess and business acumen. It’s worth noting the public tender process in Spain awarded the land at zero cost and with zero royalties.  They achieved this right under the nose of the market and most investor. This is why due diligence is so important, how to gain an edge over the Institutional Houses and Retail Investors, this information is only available on the Official Government Website "COUNCIL OF ECONOMIC TRANSFORMATION, INDUSTRY, KNOWLEDGE AND UNIVERSITIES, Andalusian Mining Registry", this information has been confirmed by David Gower CEO in a one of my podcasts, "...Emerita is listing as the owner of those land packages on the government website, the land packaged are Emerita's, no one else can take them, now we are just waiting on the final signatures before we will make an official public release..." Full Report Link: https://ceo.ca/@Drjimjones/a-titan-risesemerita-resource-3rd-largest-landholder-in-iberian-pyrite-belt-due-diligence-report-10 --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
I take a look at Clarus Securities Research Report on EMERITA RESOURCES that puts an immediate $6.25 price on EMO after a win for the Aznalcollar Land Package.  We look at:  -What resources were included or not included  -Price deck for Copper, Gold, Zinc, Silver, Lead  -Future Capital Structure -Development cost  -CFC and More. --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
-Discussion Topics- -Recent legal news highlights which now all 3 level of court agree crimes were committed in the tender and the clear path to acquire the Aznalcollar Land Package which has over $24 Billion in High Grade Mineable Insitu resources -Drilling at La Infanta -New large Institutional Investors have become shareholders -Value of just IBW is at least 5x greater then current Market Cap -Soon 1-2 more drill rigs will possibly be added to IBW, focused on expansion and arriving at a robust 43-101 and PEA in 1H 2022 -More Historically high grade data on deposits disclosed -Company's objective to exceed 1 billion $ USD MC in a year (5x from current) -A geology lesson -Matsa evaluation = $2 Billion for IBW and more....  DUE DILIGENCE REPORT OUTLINING PATH TO $4 Billion MC in 2-3 years or 20x return: https://ceo.ca/@Drjimjones/victory-is-oursemerita-resources-emerges-as-a-titan-ddr-8 More info: https://drjonesresourceinvestor.wordpress.com/  --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
A quick look at Research Capitals assumption for getting to a $3.30 price target.   -They only used 32 mt tons of the 102mt of high grade historically documented   -3 cent a pound for Zinc Equiv. Pound -Didn't assign value of full PM credits from full assays -no value for Ontario and Neuvo land packages just acquired -no value for expansion of all the deposits which are open  Stated EMO would be a prime TakeOver target and could be valued at 6 cents per Zinc Equiv. Pound  As-is 102mt tons valued at 36 Billion = 26 billion pounds ZE at 3 cents = 1 billion Candain / 150 million shares out = $6.67/share at 6 cents = $13.20 /share   I think it's pretty clear with a win of Aznalcollar 10X is a starting point. --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
EMERITA RESOURCES (EMO.V EMOTF) In this podcast we get a in-depth look at the management, the assets of Emerita Resource where are located in the Iberian Pyrite Belt which have a historically high-grade resource value that exceeds $30 Billion USD in high-grade, underground mineable gross metal.  We chat about the upside that the current and upcoming drill programs that will likely produce by vastly expand of existing resources as well as the high discovery potential on the both IBW, Aznalcollar Project and newly acquired land packages the company recently added to it's portfolio.  We cover metallurgy, recovery rates expectations, advantages of mining in Spain, geology, coming outcome of the pending legal decision for the Aznalcollar Package, current treasury and the future of this company growing into a mid-tier, poly-metallic, high-margin, multi-decade producer and many more topics in this 66 minute chat.  The data is the data, the math is the math. SLIDE DECK to accompany podcast:  https://cdn-ceo-ca.s3.amazonaws.com/1gbs4i9-Due+Diligence+Emerita+Resources+Slide+Deck.pdf About me: https://ceo.ca/@drjimjones 4th deposit on Aznalcollar Land Package about 10 million tons: https://cdn-ceo-ca.s3.amazonaws.com/1gc1hd7-DEF6ECAC-566D-472F-BE3F-2B80E2EF663C.jpeg Prior Research of Emerita Resources: Part 7 https://ceo.ca/@Drjimjones/emo-emerita-resources-announces-first-assaysafter-winning-6-year-court-battle Part 6 https://ceo.ca/@Drjimjones/emo-emerita-resources-isthe-great-bear-resources-of-thepolymetallic-sector Part 5 https://ceo.ca/@Drjimjones/400-million-ozs-of-silveremerita-resources-stuns-the-market-emo-part-5 Part 1 https://ceo.ca/@Drjimjones/just-the-high-gradeeric-sprott-backs-poly-metallic-explorer-emerita-resources-first-drilling-in-20-years-historical-resource-20-billion-location-location-location Part 2 https://ceo.ca/@Drjimjones/add-another-10-billion-in-metal-valuea-unknown-additional-24-billion-pounds-of-cuequpdate-on-emo-emerita-resourcesdoc-jones-speaks-with-ceo-david-gower Part 3 https://ceo.ca/@Drjimjones/emerita-resources-part-3another-4-billion-in-value-found138-million-ozs-of-gold-048gt107-million-ozs-of-silver-37gt Part 4 https://ceo.ca/@Drjimjones/emerita-resources-part4what-is-17-billion-in-metal-really-worth --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
This is my reasons for investing in Emerita Resources, choose your own.  Always double check and vet any information provided.  For entertaining purposes only. It is my belief Emerita Resources (EMO.V) (EMOTF) this is the best risk/reward potential of this decade in the polymetallic mining sector. Investing is about due diligence and patience. If it's a good investment now it will be tomorrow and next week so do your homework and think for yourself.   Best Doc Jones My Profile:https://ceo.ca/@drjimjones Links to reports referenced:  https://ceo.ca/@Drjimjones/emo-emerita-resources-announces-first-assaysafter-winning-6-year-court-battle https://ceo.ca/@Drjimjones/emo-emerita-resources-isthe-great-bear-resources-of-thepolymetallic-sector https://ceo.ca/@nasdaq/emerita-mobilizing-for-diamond-drill-program-at-iberia https://ceo.ca/@nasdaq/emerita-announces-closing-of-3-million-strategic-private https://ceo.ca/@nasdaq/emerita-resources-provides-update-on-aznalcollar-legal Youtube link to SMALLCAPSTEVE with where CEO David Gower states Eric Sprott bought 10% of the company after permits were granted because the silver alone is 400 Million ozs: https://youtu.be/EA-WF-Jk9bY  --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
Recent drill results highlight expansion of the Wine Gabbro high grade Ni, Cu, PGM zones as well as a new high grade zone discovered close to surface. Interestingly it seems the two zones maybe converging at depth into 1 large zone. https://ceo.ca/@newswire/nican-announces-initial-set-of-assays-from-2024-drilling Diamond drill hole Wine 24-1A, drilled to test down plunge of the Main Zone (Table 1 and Figure 2), intersected several zones of mineralization including:  Diamond drill hole Wine 24-2 intersected 28.05 meters averaging 1.25% Cu, 0.59% Ni (0.94% NiEq), the deepest and most southerly intersection at the Wine Occurrence to date. Best, Doc Jones, shareholder of NICN --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
AMQ update focused on geological model testing high grade shoots and open pit potential and other catalyst. Fully funded into 2025. --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
INTR is one of the best unknown copper plays in the market that has potential for large scale, high grade. Just read the presentation and look at the historical results. This is the first time these deposits and land package have been consolidated under one company. Presentation: https://www.intrepidmetals.com/images/pdf/presentation/2024/Intrepid_Metals_PPT_Feb_22_2024.pdf Press release this morning: https://ceo.ca/@newsfile/intrepid-metals-completes-first-4-drill-holes-at-corral "We are getting great recovery and we have extended two of our holes beyond the planned depth based on visual inspection of the core." "Intrepid Metals is a multi asset company focused on high-grade copper, silver and zinc projects in proximity to established mining jurisdictions in south-eastern Arizona, USA. The Company has acquired several drill ready projects, including the Corral Copper Project (a district scale advanced exploration and development opportunity), and the Tombstone South Project (within the historical Tombstone mining district and shares geological similarities to South 32’s Taylor Deposit) both of which are located in Cochise County, Arizona and the Mesa Well Project located in the Laramide Copper Porphyry Belt in Arizona. Intrepid has assembled an exceptional team with considerable experience with exploration, developing, and permitting new projects within North America. Intrepid is traded on the TSX Venture Exchange (TSX-V) under the symbol “INTR” and on the OTCQB Venture Market under the symbol “IMTCF”. Corral Copper Project advanced stage, 100% controlled copper project in Arizona Over 50,000m of historical drilling has been completed within the district, with near surface mineralization of copper, silver, zinc and gold, including 126.2 metres of 1.24% copper Robust land package of over 9,600 acres (15 square miles) of mineral rights including over 1,800 acres of Patented mining claims and surface rights Not investment advice, for educational purposes only. I’m a PRIVATE INVESTOR, enjoying early retirement after a successful and fulfilling career managing investment portfolios with a focus on the resource sector (including oil and gas). I am completely independent. My only client is me. No one pays me, I don't sell subscriptions or offer sponsorship deals or special access to my trading info. Anything I write is done free. My money where my due diligence is and I explain why.I employ common sense, Fundamental, bottom-up analysis that incorporates but not limited to: currency exchange rates, cost of labor, raw materials cost, geology, Metallurgy, cost of capital, infrastructure, macro influencing factors, capital discipline by management, etc. If the data changes (company, sector or macroeconomic environment) then I do, no emotion about it, let the data guide your investments.Twitter: https://twitter.com/drjimjonesceoPodcast channel:https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675Research, research, research. I run a highly concentrated and due diligence focused portfolio. If you want to invest along side me, it’s your money, your responsibility, buy and sell for your own reasons not mine. It’s your money.The best investment you can make is in your own education.I am driven by the hunt for value and truth. This is my passion in life. I’m a big research nerd. Always double-check and only trust the numbers that you have vetted. Commit to memory: “NOT all ozs, pounds & barrels in the ground are created equal” understanding this basic principle will increase your wealth and your ability to sleep at night...Best,Doc Jones --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
The hole that put them on the map recently: https://ceo.ca/@newswire/nicans-drilling-at-the-wine-project-manitoba-canada NiCAN's Drilling at the Wine Project, Manitoba, Canada Intersects Multiple Mineralized Zones, Including 2.32% NiEq over 31.5 Meters      TORONTO, Jan. 31, 2024 /CNW/ - NiCAN Limited ("NiCAN" or the "Company") (TSXV: NICN) is pleased to report assay results from its Phase III drilling program on the Wine Property located in the Snow Lake area, Manitoba, Canada (Figure 4). This program expanded several mineralized zones at the Wine Occurrence, including an upper zone that appears to be eastward dipping, and advanced our understanding of the overall Wine Gabbro. Diamond drill hole Wine 23-29 intersected multiple zones of mineralization including,  31.5 meters averaging 1.90% Cu and 1.92% Ni (2.31% NiEq) (Table 1 and Figure 1) - the longest zone of continuous mineralization intersected to date, and also an Upper Zone averaging 2.20% Cu and 1.56% Ni (2.11% NiEq) over 9.6 meters (Table 2 and Figure 2) The Bought Deal: https://ceo.ca/@globenewswire/nican-announces-closing-of-bought-deal-private-placement Presentation: https://www.nicanltd.com/_resources/presentations/corporate-presentation.pdf?20240227 --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
Since the recording and broadcast on Twitter Spaces Magna released exceptional assays on Feb 20th: https://ceo.ca/@newsfile/magna-mining-provides-first-2024-drilling-results "Magna Mining Provides First 2024 Drilling Results, Including 1.1% Ni, 8.3% Cu, and 13.9 g/t Pt+Pd+Au Over 3.0 Metres Sudbury, Ontario--(Newsfile Corp. - February 20, 2024) - Magna Mining Inc. (TSXV: NICU) (OTCQB: MGMNF) (FSE: 8YD) ("Magna" or the "Company") is pleased to provide initial drilling results from the 2024 exploration program at Crean Hill, targeting the near surface advanced exploration area of the 109 FW Zone.  Highlights from the new assay results include: 109 FW Zone  MCR-24-060: 0.3% Ni, 2.0 % Cu, 8.6 g/t Pt + Pd + Au over 14.0 metres Including 1.1% Ni, 8.3 % Cu, 13.9 g/t Pt + Pd + Au over 3.0 metres MCR-234-061: 0.6% Ni, 1.0 % Cu, 9.5 g/t Pt + Pd + Au over 14.7 metres Including 1.6% Ni, 3.5 % Cu, 12.5 g/t Pt + Pd + Au over 2.9 metres And 2.2% Ni, 1.2 % Cu, 28.7 g/t Pt + Pd + Au over 1.0 metres MCR-24-065: 0.2% Ni, 1.1 % Cu, 11.4 g/t Pt + Pd + Au over 10.2 metres Including 1.5% Ni, 10.7 % Cu, 16.0 g/t Pt + Pd + Au over 0.7 metres Dave King, SVP Technical Services stated, "Drilling results reported today are from the near surface portion of the 109 FW Zone. The objective of the current drilling is to define the continuity of the high grade core of the zone, and the limits of the low-sulphide, high precious metal mineralized envelope. The 2024 drilling to date confirms the continuity of metre scale massive sulphide veins, grading up to 1.1% Ni, 8.3% Cu and 13.9 g/t Pt + Pd +Au over 3.0 metres, within a broader mineralized breccia averaging approximately 12 to 15 metres wide, and grading up to 0.3% Ni, 2.0 % Cu, 8.6 g/t Pt + Pd + Au over 14.0 metres (Figure 1 and 2). Data acquired will be used to update the 109 FW zone geological model and will facilitate planning of our Advanced Exploration program scheduled to commence in the second half of 2024." Currently two drills are active at Crean Hill, with one rig supporting Advanced Exploration planning, and six drillholes have been completed to date. A summary of assay results is presented in Table 1 and drillhole collars are presented in Table 2. A second drill has been focused on testing high-priority exploration targets in the footwall of the Crean Hill orebody. A third drill has recently been mobilized to the Shakespeare site and has commenced regional exploration drilling. Magna is fully funded to complete 25,000 metres of exploration drilling in 2024." --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
$AMQ $ANQFF drills on-site at the B26 Polymetallic Deposit (“B26” or the “Deposit”). The Company is currently completing its winter drill program at the Deposit, where a minimum of 10,000 metres is targeted by the end of March under the first phase of a fully funded 30,000-metre 2024 field season. This is the Maiden Drill Program at the B26 Deposit (Ind: 7.0MT @ 2.94% Cu Eq & Inf: 4.4MT @ 2.97% Cu Eq) Recorded Feb 13th 2023 Since recording this news was released: https://ceo.ca/@newswire/abitibi-metals-provides-drill-program-update-at-the "To date, fourteen holes have been completed, totalling 4,275 metres. Drilling in this first phase is broken down between 3 targets along strike testing the first 300 vertical metres: B26 Main Deposit 11 holes have been completed at this target, totalling 3,159 metres. The key objective of drilling within the B26 Main Deposit is to evaluate the open pit potential and potential up-dip near-surface extensions of the main deposit to the north. This testing is distributed over a 1.2-kilometre strike length and concentrated in the first 200 metres vertical.   Satellite West: 3 holes have been completed at this target, totalling 1,116 metres. Targeting the geometric continuity of a potential satellite zone 500 metres to the west of the main deposit. Eastern Extension: Drilling at the Eastern Extension target will commence at the end of February, subject to ground conditions. Targeting the expansion of the main deposit to the east where 2.45% Cu Eq over 26.7 metres*, including 4.74% CuEq over 11.7 metres (1274-14-167) was intercepted in historical drilling." Holes 1274-24-301, 1274-24-302 and 1274-24-304 were designed to confirm the geometry of the copper-gold stringer close to the surface. They were planned as a 5-hole fence covering a large gap in the model between the current resource at 150 meters depth and the northern bedrock interface. These holes are located to the north of 1274-13-104, which graded 3.45% CuEq over a length of 9.5 metres* from 64.5 to 74 metres. Observations to date on 1274-24-301 indicate strong sub-parallel chalcopyrite stringer from 50 to 85 metres which includes one interval showing chalcopyrite concentration above 10% from 49 to 59 metres and an interval with 20% chalcopyrite from 81 to 85 metres." https://x.com/drjimjonesceo/status/1757235616536777209?s=20 --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
Additional 8 min of analysis at the end of the Twitter Spaces https://x.com/drjimjonesceo/status/1755649675586158810?s=20 PRESS RELEASE https://ceo.ca/@newsfile/omai-gold-increases-indicated-mineral-resources-to-a42ad Omai Gold Increases Indicated Mineral Resources to 2.0 Million Oz Au and Inferred Mineral Resources to 2.3 Million Oz Au with Expansion of Wenot DepositToronto, Ontario--(Newsfile Corp. - February 8, 2024) - Omai Gold Mines Corp. (TSXV: OMG) (OTCQB: OMGGF) ("Omai Gold" or the "Company") is pleased to report an updated Mineral Resource Estimate on its 100%-owned Omai Gold Property in Guyana. It includes an expansion to the Wenot Deposit and incorporates the previously disclosed Gilt Creek Deposit. Most significantly, the Wenot Mineral Resource Estimate ("MRE") increased the Indicated MRE to 834,000 oz (10% increase) @ 1.48 g/t Au and the Inferred MRE to 1,614,000 oz (45% increase) @1.99 g/t Au.  HIGHLIGHTS:  The Omai Property hosts two gold deposits: the shear-hosted Wenot Deposit and the adjacent intrusive-hosted Gilt Creek Deposit (figure 5), with combined updated MRE (over the October 2022 MRE) of: 1,985,000 ounces of gold (Indicated MRE), a 4% increase 2,279,000 ounces of gold (Inferred MRE), a 28% increase Wenot Deposit  (a constrained pit approach is applied) 834,000 ounces of gold (Indicated), a 10% increase over the October 2022 MRE, and 1,614,000 ounces of gold (Inferred), a 45% increase 1.48 g/t Au grade of Indicated MRE, a 10% increase  1.99 g/t Au grade of Inferred MRE, a 16% increase  87% above 350m depth from surface (figure 1a) 39% of Wenot MRE is west of the historical pit, an area considered to be well suited to initial mining (figure 1b)  Excellent exploration potential is evident along a 2.5 km length of the host Wenot shear corridor, with potential to expand within, adjacent to, below, and along strike Gilt Creek Deposit  (an underground mining approach is applied) 1,151,000 ounces of gold (Indicated) at a grade of 3.22 g/t Au, as per October 2022 MRE 665,000 ounces of gold (Inferred) at a grade of 3.35 g/t Au, as per October 2022 MRE Hosted within a 500 m by 300 m quartz diorite intrusive stock that produced 2.4 million ounces of gold (1993 to 2005) from the upper 250m Located 500 m north of the Wenot Deposit and below the past-producing Fennel pit Characterized by very wide sub-horizontal zones of gold mineralization (figure 4) Open to depth and holds potential for lateral expansion Preliminary Economic Assessment ("PEA") This updated MRE will form the basis of the PEA, currently underway and expected to be announced in Q1 2024 Elaine Ellingham, President & CEO commented, "We are pleased to deliver another substantial increase to the Mineral Resource Estimate for our Omai Gold Project in Guyana. Also very importantly, there has been a notable increase in the gold grades. With this expansion, the contained ounces in our Mineral Resource Estimate exceeds the total gold produced from the former mine, and at similar grades. The Omai Gold Mine produced approximately 3.8 million ounces at an average grade of 1.5 g/t Au between 1993 and 2005, when the gold price was less than US$400/oz. When in production, Omai was the largest primary gold producer in South America, averaging over 300,000 ounces of gold annually. We believe that with the current Mineral Resource Estimate combined with the many benefits of a brownfields project, that Omai is proving the potential to rival its historical status."  Details of the Mineral Resource Estimate for both the Wenot (updated) and Gilt Creek Deposits are presented in Table 1. The increase between the new Wenot MRE with the previous October 2022 MRE is detailed in a comparison in Table 2. Notes accompanying the 2024 MRE are shown below Table 2, summarizing the economic and technical assumptions, which include a gold price of US$1850 per ounce and metallurgical recoveries of 92% (consistent with historical actuals), and a 45o pit slope for Wenot......(See release) --- Send in a voice message: https://podcasters.spotify.com/pod/show/docjonesresourceinvestor/message
loading
Comments 
Download from Google Play
Download from App Store