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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: Cosigo Resources Ltd. (TSXV:CSG), Blackheath Resources (TSXV:BHR), North Arrow Minerals Inc. (TSXV:NAR), Potash Ridge (TSX:PRK,OTCQX:POTRF), Unigold Inc. (TSXV:UGD), Klondex Mines Ltd. (TSX:KDX,OTCQX:KLNDF), Coronet Metals Inc. (TSXV:CRF), Zenyatta Ventures (TSXV:ZEN)
Cosigo Resources Ltd. (TSXV:CSG) is expected to have results from their drilling program at the Machado project in south eastern Colombia. Cosigo drilled 20 reverse circulation holes to a maximum depth of 95 meters. Drilling occured where gold had been produced by artisanal miners both open pit and under ground in the 1980’s and 90’s. This represents the first systematic exploration that has occured in this part of Colombia.
In September, Blackheath Resources (TSXV:BHR) commenced a phase 2 drill program on its past producing Corvas Tungsten project in Northern Portugal. The current drill campaign is designed to connect and expand known zones of known skarn mineralization on the property. Investors could potentially see initial drill results later in November. The company has a market capitalization of $4.7 million.
Earlier this year, North Arrow Minerals (TSXV:NAR) intersected hypabyssal kimberlite in nine of 10 holes drilled on its Pikoo diamond project situated 120 km east of La Ronge Saskatchewan. NAR can earn an 80% interest in the property from Stornoway by completing a 2000 metre drill program. This drill program resulted in the discovery of a new kimberlite field within the Sask Craton. North Arrow anticipates drill results shortly. The company has a market capitalization of about $11.4 million.
*** UPDATE: CATALYST ACHIEVED ***
Potash Ridge (TSX:PRK,OTCQX:POTRF) recently announced that it had completed the evaluation of key operating parameters for the most favorable process and infrastructure options for its wholly-owned Blawn Mountain Alunite Project in Utah. Alunite is a sulfate mineral rich in both SOP (Sulphate of Potash) and alumina. The market has been patiently waiting for a prefeasibility study which is now scheduled for release in the next few weeks. The company has a market capitalization of about $14 million.
*** UPDATE: CATALYST ACHIEVED ***
Unigold Inc (TSXV:UGD) is working on completing a NI-43-101 compliant resource estimate on its Candelones “Extension Zone” target within its wholly owned, 22,600 hectare Neita Concession in the Dominican Republic. The latest drill program is being completed on a 100 by 100 metre grid density to support the initial resource estimate. This estimate is planned for release in the fourth quarter this year. Unigold has a market capitalization of about $20 million.
*** UPDATE: CATALYST ACHIEVED ***
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) 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.
Zenyatta Ventures (TSXV:ZEN) has completed an extensive drilling campaign that confirmed the geometry of two large, vertical breccia bodies consisting of a unique hydrothermal style of graphite mineralization. Drilling for the NI 43-101 resource estimate is now complete and the company is awaiting final assays from the lab to enable an initial resource statement by independent consultants RPA Inc. The initial NI-43-101 resource is expected to be released sometime in November. The company has a market capitalization of $135.5 million.
