Resource News

The following companies have significant upcoming news catalysts that are expected in the next 30 days which have the potential to move the listed companies’ stock: Zazu Metals (TSXV:ZAZ), Kivalliq Energy Corporation (TSXV:KIV), Mines Management (TSX:MGT), Aldrin Resource Corp (TSXV:ALN), Richmont Mines Inc. (TSX:RIC,NYSE:RIC), Homestake Resource Corp (TSXV:HSR), Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF), Coronet Metals Inc. (TSXV:CRF)

Zazu Metals (TSXV:ZAZ)
In November, 2013, Zazu Metals (TSXV:ZAZ) announced the initiation of a NI 43-101 Preliminary Economic Assessment on its zinc-lead-silver Lik Deposit in Alaska. This is expected to be completed in Q1 2014. As of Dec 31, 2013 Zazu had a market cap of $26.92 million.

 Kivalliq Energy Corporation (TSXV:KIV)
Kivalliq Energy Corporation (TSXV:KIV) is waiting for additional results from a number of metallurgical tests from its Lac 50 uranium project in Nunavut Canada. In addition, the company will be compiling data from its recent Baker Basin property acquisition, also in Nunavut. The company has a market capitalization of about $40 million.

   Mines Management (TSX:MGT)
Mines Management (TSX:MGT) announced that the US Fish and Wildlife Service (USFWS) have completed internal working drafts of the Biological Opinions. The next step in the process is for the Solicitor’s Office and the US Forest Service (USFS) to review the draft Biological Opinion. Once this is completed, the USFWS will issue a final Biological Opinion. This opinion is expected soon and is part of the process of acquiring a full Environmental Impact Statement for the company’s wholly-owned Montanore silver-copper deposit in northwestern Montana. This deposit is an advanced stage exploration project containing a NI 43-101 measured resource of 4.03 million tons of material grading 1.85 ounces per ton (opt) silver and 0.74% copper, an indicated resource of 77.5 million tons grading 2.05 opt silver and 0.75% copper, and an inferred resource of 35.1 million tons grading 1.85 opt silver and 0.71% copper. The company has a market capitalization of about $17 million.

   Aldrin Resource Corp (TSXV:ALN)
In late November, Aldrin Resource Corp (TSXV:ALN) initiated a ground gravity geophysical survey on the Triple M Property in northern Saskatchewan. Aldrin’s Triple M Uranium Property is located adjacent to and southwest of Fission-Alpha’s Patterson Lake discovery property. The gravity survey is designed to highlight extensively altered basement rocks that may be associated with strong uranium mineralization. Distinctive “gravity low” anomalies can help prioritize drill targets with co-incident conductive anomalies. Initial results from the survey could be released soon. The company has a market capitalization of $3.6 million.
   Richmont Mines Inc. (TSX:RIC,NYSE:RIC)
Richmont Mines Inc. (TSX:RIC,NYSE:RIC), has achieved commercial production at its W Zone Gold Project on the company’s Beaufor Mine property 25 km northeast of Val-d’Or, Quebec. The W Zone is expected to produce an estimated 3,000 ounces of commercial gold production for the company during the fourth quarter of 2013, and a projected 12,000 ounces of commercial gold production in 2014. Richmont expects that the additional 5,000 tonnes of production per month from this asset will translate into efficiency improvements and lower unit cost levels at its Camflo Mill during the fourth quarter. The mill is currently operating at full capacity with material from our Beaufor, W Zone and Monique operations. The company has a market capitalization of $43 million.
   Homestake Resource Corp (TSXV:HSR)
Homestake Resource Corp (TSXV:HSR) is expecting its drill results from its Homestake Ridge project in Northeastern BC. Joint venture partner, Agnico Eagle Mines, has agreed to spend $3.5 million on exploration in 2013 and commenced drilling in July. Homestake has a market capitalization of $1.52 million.

 Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF)
Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF) expects a preliminary economic assessment to be completed before the end of 2013. The PEA on the Fire Creek underground gold project will follow quickly on the updated Resource Estimate announced September 16, 2013. The PEA will outline if the deposit is profitable and as shipments for processing of ore to Newmont Mining Corporation have already started.

 Coronet Metals Inc. (TSXV:CRF)
Coronet Metals Inc. (TSXV:CRF) is in the process of producing a NI-43-101 resource estimate on its White Caps Gold Project located near the town of Manhattan in northern Nye County, Nevada, 13 miles south of Kinross and Barrick’s Round Mountain Gold Mine. The NI 43-101 Report work commenced in March 2013 and is expected to be completed in the 3rd quarter 2013. Coronet Metals has a market capitalization of about $7 million.


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