Erik Wetterling – Value Proposition In Altamira Gold, Goliath Resources, And K2 Gold
The KE Report w/ Shad Marquitz and Cory Fleck
Erik Wetterling, Founder and Editor of The Hedgeless Horseman website, joins us to discuss three junior gold exploration companies that have put out recent newsflow to the market; where he is attracted to their current value proposition.
🔑 Key companies and topics covered by Erik Wetterling:
🔹 Altamira Gold Corp. (TSXV: ALTA) (OTC Pink: EQTRF) announced May 5th the results of an independently assessed, maiden mineral resource estimate for the Maria Bonita porphyry gold deposit within the Cajueiro Project. Maria Bonita is a separate discovery, located 7km to the west of, and additional to, the Cajueiro Central Mineral Resource (previously reported under NI 43-101).
The maiden open-pit resource consists of total Indicated Resources of 24.19Mt @ 0.46g/t gold (for a total of 357,800oz) and Total Inferred Resources of 25.64Mt @ 0.44g/t gold (for a total of 362,400oz). These resources include near-surface saprolite Indicated Resources of 2,02Mt @ 0.59g/t gold (for a total of 38,000oz) and Inferred Resources of 0.68t @ 0.40g/t gold (for a total of 8,700oz).
👉 Erik would like to see Altamira advance this Maria Bonita deposit toward near-term production of the surface saprolite to bring in non-dilutive revenues, that could then be used to advanced additional exploration and development of the larger resources.
🗣 Quote: “That’s basically what I would like to see from any junior that could potentially do that right now, because as we talked about before the margins on a gold ounce being produced has never been higher. So, I would like the juniors that can to close the gap from in-situ gold to gold coming out of the ground as quickly as possible.”
“I just think that from this price point and what they have in the ground… since they put out the resource that this a hint that they are very aware that this one of those projects that could be in production much soon than the average Canadian gold play.”
🔹 Goliath Resources Limited (TSX-V: GOT) (OTCQB: GOTRF) announced May 5th that the world renowned JDS Energy & Mining Inc. has been engaged to assess the viability, permitting and development of an underground exploration adit at Surebet, at its 100% controlled Golddigger property, Golden Triangle, British Columbia.
The Company has tasked JDS with an exploration adit to access a broad expanse of the gently-dipping, high-grade gold lode called the Bonanza Zone that sits approximately 200 meters above the valley floor.
This adit will enable underground drilling of extensive parts of the overall Surebet lode system thus lowering drill meters required for advanced resource work, and potentially enable a longer drill season at the project.
“What is interesting about this, if they are able to do this, then can pretty much drill year-round then. If this system keep delivering and they can show growth and derisk it at the same time, then they are kinda short-circuiting the boring phase right into the euphoric phase; where you don’t have the run up and then the crash. If there is no boring period, and you have one of the more exciting exploration stories around, then you can really have a growth machine.”
“I’m looking at the growth trajectory. I don’t need to figure out exactly what every target could be, or anything like that. I just know that they have a hell of a lot of zones and I think most if not all of them are still open in several directions… I just think this is one of the best growth cases around that could be supercharged.”
🔹 K2 Gold Corporation (TSXV: KTO) (OTCQB: KTGDF) announced May 5th that the United States Bureau of Land Management (BLM) has released the Draft Environmental Impact Statement (DEIS) for K2’s Mojave Exploration Drilling Project in Inyo County, CA.
The BLM has also published a Notice of Availability in the Federal Register, opening the final 45-day comment period on the project.
This is a key milestone for the company as they approach the end of the permitting process to commence drilling, and comes on the back of years of diligent environmental studies, community engagement, and collaboration with regulatory agencies.
“There has been a lot of interest from majors at this project, and their presentation, when you look at the historic mining etc.., the rock samples, the soils samples, the drill results…. even the ones from K2 Gold, when they drilled it a few years ago... I mean it just looks like it is absolutely packed with a lot of different mineralization types. You have copper trends, zinc and silver trends, you have gold trends… I seem to recall that Chris Taylor mentioned on another podcast that ‘If this wasn’t California (meaning if it was easier to get drills permitted) there would be a few mines here already.”
⚖️ In full disclosure: The companies mentioned by Erik in this interview, are positions held in his personal portfolio, and also may be site sponsors of The Hedgeless Horseman website at the time of this recording. Additionally, Shad is also a shareholder of Goliath Resources at the time of this recording.
➡️Click here to listen to the full interview with Erik to get his thoughts on the value propositions in these 3 gold explorers.
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