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Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Doc Jones the Resource Investor
66 episodes
4 days ago
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
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All content for Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns. is the property of Doc Jones the Resource Investor and is served directly from their servers with no modification, redirects, or rehosting. The podcast is not affiliated with or endorsed by Podjoint in any way.
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
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Investing
Business
Episodes (20/66)
Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
$NICU $MGMNF MAGNA MINING Site visit to surface of Levack and producing McCreedy high grade underground Copper Mine


$nicu.v $mgmnf .@MagnaMining interview with CEO Jason Jessup on site at their producing high-grade Cu, Ni, PGM+Au McCreedy Mine after touring underground.


Video of McCreedy underground and the Massive Chalcopyrite Veins running +20% Cu

https://x.com/drjimjonesceo/status/1946964172018704554


I’m a PRIVATE ACTIVIST 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/post 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/drjimjonesceo
Podcast channel:
https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675
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 treasure hunt. 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

Show more...
3 months ago
27 minutes 31 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
$EMO.V $EMOTF The Emerita Resources Aznalcollar Criminal Case Deep Dive

Criminal sentencing trial begins in 4 weeks 1 day. Multiple criminal charges, multiple gross irregularities in Minorbis-Grupo tender, potential of 348 years imprisonment and fines to be imposed.

“the Provincial Court, in reviewing the case during the previous appeal process, has indicated that the other bid did not meet the requirements laid out in the tender process and should have been disqualified on that basis.” “The new indictment includes the following: Increases the number of accused people from 9 to 16. Increases the charges to the following 4 crimes related to the award of the tender: Administrative Prevarication Influence peddling Management fraud Embezzlement due to unfair management” Nov. 25, 2022 (GLOBE NEWSWIRE) -- Emerita Resources Corp. (TSX-V: EMO; OTCQB: EMOTF; FSE: LLJA) (the “Company” or “Emerita”) announces that the Third Section of the Provincial Court of Seville (the “Court”) has set March 3, 2025 as the date for the criminal trial on the alleged crimes committed during the process of awarding the Aznalcóllar tender. The trial is an oral hearing that is expected to be completed on July 15, 2025. The Court has reserved up to 40 sessions including days in March, April, May, June and July 2025. The oral trial has been scheduled at 10:00 AM (local Seville time) on the following days: 1) March 3 and 4, 2025 (pre-trial matters) and March 31, 2025 2) On April 1, 2, 7, 8, 9, 21, 22 and 23, 2025 3) On May 12, 13, 14, 19, 20, 21, 26, 27 and 28, 2025 4) On June 2, 3, 4, 9, 10, 11, 16, 17, 18, 23, 24, 25 and 30, 2025 5) On July 1, 2, 7, 8, 9, 14 and 15, 2025 The 16 defendants face sentences totaling up to 348 years in prison for the alleged rigging of the Aznalcóllar mining tender, including accusations of influence peddling, fraud, embezzlement and bribery.
One crime voids tender and it must go to the next qualifying bidder, Emerita is the only other qualifying bidder. 1/ Mr. Juan Jose Garcia Bartolomé. Invercaria economist. Responsible for making the report on the solvency of the bidding companies. Member of the technical commission. 2/ Mr. Alberto Fernandez Bueno. Mining Engineer. Head of Mines Area. Junta de Andalucía. Member of the technical commission. 3/ D.ª Aurora Gomera Martínez. Mining engineer. Environmental Impact. Member of the technical commission. 4/ Mr. Luis Cordero González. Biologist. Head of the Protected Spaces Network Service. Member of the technical commission. 5/ Mr. Manuel Gil Calderon. General Administrator of the Junta de Andalucía. Member of the technical commission. 6/ D.ª M.ª of Pilar Orche Amaré. Mining engineer. Technical advisor. Member of the technical commission. 7/ Dª Maria Jose Asensio Coto. General Director of Mines. Junta de Andalucía. She has a degree in Economics and a PhD. Member of the hiring table. 8/ Mr. Juan Manuel Revilla. Head of Mining Organisation. Junta de Andalucía. Secretary of the hiring table. Member of the hiring table. 9/ Mr. Ivan Maldonado Vidal. Head of the Mining Service. Member of the hiring table.

10/ Mr. Jose Salvador Camacho Lucena. Secretary General of the Environment. Member of the hiring table. 11/ Mr. Julio Ramos Zabala. Head of the Recruitment Service of the Admon Ministry. Publish it. Member of the hiring table. 12/ Mr. Jose Marcos Acosta Plaza. Comptroller. Delegate of the Ministry of Finance and Admon. Publish it. Member of the hiring table. 13/ D.ª Pastora Sánchez de la Cuesta Sanchez Ibarguen. Ltrada. of the Board. Member of the hiring table. 14/ Mr. Vicente Cecilio Fernandez Guerrero. Lawyer of the Board and former director of SEPI. 15/ Mr. Mario López Magdaleno. Owner of Magtel. 16/ Mr. Isidro López Magdaleno. Owner of Magtel.

Triple S Investing Report: https://cdn-ceo-ca.s3.amazonaws.com/1jkjo2j-TripleS%20Investing%20-%20Emerita%20Resources%20-%20Deep%20Dive%2011.11.24.pdf


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9 months ago
1 hour 47 minutes 16 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Update with CEO Jon Deluce of Abitibi Metals $AMQ

Key points.


-Over 10 million in cash.

-Majority of resource is in the CU, AU zone open for expansion

-MC of 30 million with 1/3 in cash

+9000 meter to release form 2024 drill program.



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9 months ago
13 minutes 13 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
$NICU $MGMNF Magna Mining Transformative Acquisition of KGHM Producing Copper Mine and multiple other Mines

Crean Hill PEA: https://ceo.ca/@newsfile/magna-mining-completes-updated-preliminary-economic


Magna Mining Acquires Producing Copper Mine in Sudbury from KGHM International Ltd: https://ceo.ca/@newsfile/magna-mining-acquires-producing-copper-mine-in-sudbury


Rick Rule interview with Jason Jessup CEO Magna Mining diving into Acquisition: https://www.youtube.com/watch?v=NHhNCds8sFU



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1 year ago
46 minutes 39 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Discovery on both IBW and NT with new $21 million credit facility in place, Govt support & AZN

Update with David Gower CEO Emerita Resources EMO.V, EMOTF Topics covered: New cu/au high- grade discovery on El Cura within IBW project, $21 million credit facility by Nebari Resources Fund, discovery of gold and silver rich Gossan on NT package next to Rio Tinto mine, Granting of DSI distinction of strategic importance by the government of Spain on IBW, update and facts on coming Criminal trial for Aznalcollar Package which holds over $25 billion in high grade resources.


Reference


https://ceo.ca/@GlobeNewswire/emerita-discovers-new-gold-silver-rich-gossans-at-its


https://ceo.ca/@GlobeNewswire/emerita-resources-announces-loan-financing-with-nebari


https://ceo.ca/@GlobeNewswire/emerita-intersects-114m-of-massive-sulfide-grading


https://ceo.ca/@GlobeNewswire/emeritas-iberian-belt-west-project-ibw-has-been


https://x.com/drjimjonesceo/status/1824892917502087362?s=46&t=k3zzq9NGvHioMmUWtRBWIg


https://x.com/drjimjonesceo/status/1806782561349407163?s=46&t=k3zzq9NGvHioMmUWtRBWIg

Show more...
1 year ago
32 minutes 17 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Magna Mining Site Visit update plus details on becoming a multi-mine producer and more
Magna Mining site visit update $nicu $mgmnf https://x.com/drjimjonesceo/status/1818995303493648858?s=46&t=k3zzq9NGvHioMmUWtRBWIg. Blasting rock and stock piling high grade for Glencore’s mill in Sudbury.
Show more...
1 year ago
32 minutes 2 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
As the clock ticks down to Aznalcollar, Emerita Resources update on EL CURA discovery with CEO. David Gower

With the Aznalcollar court date now under 8 months away, the company continue to driver value act it's 100% owned, zero royalty IBW project.

Recently news: Emerita Intersects 11.4m of Massive Sulfide at El Cura, Extending the Mineral Deposit 60m Down Dip https://ceo.ca/@GlobeNewswire/emerita-intersects-114m-of-massive-sulfide-at-el-cura .@EmeritaRes $emo.v $emotf El Cura shaping up to be a meaningful discovery.


Info to go with Podcast .@EmeritaRes @EmeritaEspana $emo.v $emotf Court document from 2016 outlining all the irregularities and potential crimes in the awarding of Aznalcollar tender. https://cdn-ceo-ca.s3.amazonaws.com/1j7tvc0-Emerita.pdf Upgrading of crimes and number charged https://emeritaresources.com/news-and-media/news-releases/emerita-provides-update-on-new-developments-in-aznalcollar-court-proceedings-spain Court date https://emeritaresources.com/news-and-media/news-releases/court-date-has-been-scheduled-for-aznalcxf3llar-criminal-trial Resources on AZN https://ceo.ca/emo?3d3f5326a6f3. https://ceo.ca/emo?da9d2f00a830 List of defendants https://ceo.ca/@drjimjones?618951dabdd5


Info on new mining laws in Spain supporting mining and creation of a +$3 billion fund to support projects in Iberian Pyrite Belt: https://www.emeritaresources.com/news-and-media/news-releases/emerita-mobilizing-for-diamond-drill-program-at-iberia-belt-west-provides-update-on-new-mining-regulations-and-european-union-incentives-for-andalucia-region


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1 year ago
39 minutes 1 second

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Update from $NICN on high grade results and more.

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

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1 year ago
22 minutes 49 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Abitibi Metals update $AMQ $AMQFF

AMQ update focused on geological model testing high grade shoots and open pit potential and other catalyst. Fully funded into 2025.

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1 year ago
30 minutes 34 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
$INTR.V $IMTCF Intrepid Metals CEO Ken Brophy COPPER!

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/drjimjonesceo
Podcast channel:
https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675
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: “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




Show more...
1 year ago
34 minutes 33 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
NICAN Ltd CEO Brad Humphrey $NICN bought deal, Multiple Mineralized Zones, Including 2.32% NiEq over 31.5 Meters

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

Show more...
1 year ago
30 minutes 30 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Magna Mining $NICU $MGMNF Update Jan 30th with CEO Jason Jessup

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."

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1 year ago
38 minutes 56 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Abitibi Metals Corp CEO Jon Deluce

$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:

  1. B26 Main Deposit
    1. 11 holes have been completed at this target, totalling 3,159 metres.
    2. 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.  
  2. Satellite West:
    1. 3 holes have been completed at this target, totalling 1,116 metres.
    2. Targeting the geometric continuity of a potential satellite zone 500 metres to the west of the main deposit.
  3. Eastern Extension:
    1. Drilling at the Eastern Extension target will commence at the end of February, subject to ground conditions.
    2. 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

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1 year ago
39 minutes 27 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
RESOURCE UPDATE from OMAI GOLD 4.3 Million Ozs and growing

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 Deposit
Toronto, 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)

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1 year ago
32 minutes 7 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
SAVE CANADIAN MINING with Terry Lynch

This is a great cause that we all should get behind it.


Best,


Doc Jones


https://savecanadianmining.com/


Stop Predatory Short Selling

In 2012 IIROC and CSA removed a trading rule known as the “tick test”, which restricted short selling to neutral or sales to positive price changes at the time of the sale. These changes were applied not only to the main listing venue of TSX Venture Exchange, but are equally applied across all Canadian trading venues, of which there are 14 today, reducing TSX Venture’s ability to effect any change. Since removal of the tick test, the Canadian markets have evolved, and there now exists a dynamic where short selling activities, high frequency trading, and algorithms are exploiting the lack of a tick test to the detriment of Canada’s junior markets. We call on CSA and IIROC to evaluate re-instituting the tick test.

Save Canadian Mining is a movement to return market rules to the fair and transparent standard that helped deliver prosperity for over 142 years. Together, we can save Canadian mining.

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1 year ago
38 minutes 18 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
UPDATE with Magna Mining $NICU $MGMNF, hitting high-grades, fully funded 2024, getting closer to production.

Just run the numbers on 1500-2000 t/d at a conservative 2.5%-3% NiEq Todays assays for the first 6-8 years of production. Once again the drill results have consistently shown areas close to the surface modelled as low grade by the prior owners have returned high-grade resources that will increase Tons and Grade: Highlights from the new assay results include:

  • Main Zone (750 Level Pillar)

MCR-23-052A : 0.8% Ni, 1.3 % Cu, 2.0 g/t Pt + Pd +Au over 96.5 metres

Including 1.2 % Ni, 2.5 % Cu, 3.1 g/t Pt + Pd +Au over 15.6 metres

  • 101 FW Zone 

MCR-23-051: 1.1% Ni, 0.5 % Cu, 0.5 g/t Pt + Pd + Au over 13.6 metres

And 2.5% Ni, 3.8 % Cu, 7.1 g/t Pt + Pd + Au over 1.3 metres

And 2.9% Ni, 0.4 % Cu, 1.2 g/t Pt + Pd + Au over 2.0 metres

And 2.8% Ni, 8.7 % Cu, 1.0 g/t Pt + Pd + Au over 2.4 metres


MCR-23-054A: 4.1% Ni, 0.4 % Cu, 0.7 g/t Pt + Pd + Au over 3.7 metres

"A provisional 2024 exploration budget has been authorized by the Board of Directors of Magna, which includes a total of 25,000m of diamond drilling that will be allocated between Crean Hill and Shakespeare. This 2024 drilling program will be funded by Magna's current cash balance. Magna's cash balance as of June 30, 2023 was $18.5 million."


https://magnamining.com/wp-content/uploads/2023/08/magnamining-investor-presentation-aug-2023.pdf


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/drjimjonesceo
Podcast channel:
https://podcasts.apple.com/ca/podcast/due-diligence-by-doc-jones-resource-investor-hunting/id1568221675


NOT INVESTMENT ADVICE.

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2 years ago
34 minutes 41 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
NG ENERGY $GASX $GASXF intro to new CHAIRMAN Brian Paes-Braga

The turn around has begun...

Brian is a serially successful company builder and investor. He has acquired over 10% of NG Energy and the Chairman seat on the board, his ambition is to grow the company substantially over the next few years for the benefit of the shareholders.


The company has begun to generate positive cashflow and will be growing reserves and production dramatically in the next 12 months.


Recent discoveries at Between SN-9 and Maria Conchita (a total of over 130MMscf/d now tested) support his vision of becoming a tier-1 natural gas producer in Colombia .


Some key news events:

https://ceo.ca/@newswire/ng-energy-finalizes-plan-for-phase-1-of-commercial


https://ceo.ca/@newswire/ng-energy-tests-25-mmscfd-in-the-recently-identified


https://www.ngenergyintl.com/


Presentation: https://www.ngenergyintl.com/wp-content/uploads/2023/10/NGE-Investor-Presentation-Oct-2023.pdf


About me:


Shareholder of GASX


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/drjimjonesceo

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.

None the information within is investment advice.

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.

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2 years ago
36 minutes 21 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
SENDERO RESOURCES $SEND in the shadow of GIANTS in the VICUNA DISTRICT

SEND.V is a new listing that quietly IPO'd last week, see investor deck for capital structure. Real simple, great team, tier one property in Vicuna District, cashed up and very tight shares low an ultra-low MC 50% of which in cash.


Sendero Resources is a dynamic exploration company focused on unlocking the vast mineral potential of the Vicuña district in Argentina. Through our wholly owned subsidiary, Barton SAS, we hold a 100% interest in the Peñas Negras Project, encompassing a sprawling 120 km2 of prime exploration territory.

Situated in the Vicuña District, renowned for significant copper discoveries, the Peñas Negras Project is strategically surrounded by world-class super giant discoveries owned by Filo Mining, Lundin Mining, and NGEx Minerals.

The Peñas Negras Project exhibits close geological similarities to neighboring deposits, including the prestigious Josemaria copper-gold porphyry system and the gold-rich Maricunga porphyries.

With a cluster of identified porphyry and epithermal targets, we are leveraging our experience and operational knowledge to advance exploration.


https://senderoresources.com/presentations/Sendero-Resources-Corporate-Presentation.pdf


About me:

I am shareholder of SEND so consider me biased.


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. All materials are for educational purposes, not investment advice.

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. It’s not investment advice.


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

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2 years ago
28 minutes 55 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
Western Alaska Minerals WAM.V the BBQ ROCK update with CEO Kit Marrs

This conversations recorded on goes Aug 18th goes into depth regarding the recent press release:

https://ceo.ca/@accesswire/western-alaska-minerals-extends-mineralization-at-waterpump

Western Alaska Minerals Extends Mineralization at Waterpump Creek    

40.2 meters of 262 gpt Ag (8.4 opt), 10.9% Pb and 4.5% Zn, Including: 5.3 meters of 729 gpt Ag (23.4 opt), 24.1% Pb and 3.1 % Zn

And Last Hurrah Drilling Cuts Strong Indicators of Proximity to Mineralization

TUCSON, AZ / ACCESSWIRE / August 14, 2023 / Western Alaska Minerals (the "Company" or "WAM") (TSX-V:WAM) is pleased to report the first assay results from the initial step-out phase of its second-year drilling program at the 100% owned Waterpump Creek ("WPC") silver-rich Carbonate Replacement Deposit ("CRD"). Hole WPC23-0030 extends WPC to 495 meters in strike length.

Highlights

  • Step-out drill hole WPC23-0030:
  • Last Hurrah Drilling:

*Last Hurrah was coined by Anaconda in the 1980s as it was the last target to be drilled by Anaconda within the Illinois Creek Mining District.

"We welcome this proof that high-grade mineralization at Waterpump Creek remains open to the south and that the distinctive CRD alteration seen there is turning up in our drilling 700m farther south at Last Hurrah," said Kit Marrs, CEO of Western Alaska Minerals. "We look forward to continuing drilling at Last Hurrah to find the sulphides that the alteration is telling us should be nearby and trace it back towards WPC, which may just be the tip of the finger of a major CRD manto".

"It is always exciting to see this strength of BBQ fluorescence response in "Fugitive Calcite" veining in a new area. It says you're getting into the halo around something important" said Dr. Peter Megaw, technical advisor to WAM. "Fugitive calcite is the exhaust half of the replacement process and surrounds the sulphides we're looking for. Shortwave UV lights it up like fluorescent fur on a shaggy dog".


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). 


About me:


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, record, post 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/drjimjonesceo





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2 years ago
29 minutes 4 seconds

Due Diligence by Doc Jones, Resource Investor, Hunting for Exceptional returns.
RSMX RSMXF Regency Silver refines a 1000m x 900m high charge AU, CU system and builds on it high-grade AU discovery.

Discovery hole:

VANCOUVER, BC, Feb. 23, 2023 /CNW/ - Regency Silver Corp. ("Regency Silver" or the "Company", (TSXV: RSMX) and (OTCQB: RSMXF) is pleased to announce that 2 follow up holes down-dip from hole REG -22-01 intersect sulphide-specularite supported breccia similar in nature to the breccia hosting Au-Cu-Ag mineralization in REG-22-01.  REG-22-01 yielded 35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver along with 13.97 g/t Au, 50.25 g/t Ag and 1.11 % Cu over 9.8 m.


https://ceo.ca/@newswire/regency-silver-intercepts-continuation-of-sulphide


Todays new: VANCOUVER, BC, April 24, 2023 /CNW/ - Regency Silver Corp. ("Regency Silver" or the "Company"), (TSXV: RSMX) (OTCQB: RSMXF) announces that 2 follow up holes down-dip from hole REG-22-01 (35.8 metres of 6.84 g/t gold, 0.88% copper and 21.82 g/t silver) intersect wide zones of gold and copper mineralization. REG-23-14 intersects 35.9m of 5.51 g/t Au including 29.4m of 6.32 g/t Au ~25m down-dip from REG-22-01. REG-23-15, which is ~ 65m down-dip from REG-23-14 and ~90m down-dip from REG-22-01 intersects 128.35m of 0.84 g/t Au including 57.95m of 1.49 g/t Au and 32.5m of 2.23 g/t Au.

"In addition to the drill results, the IP survey has outlined a ~1,000m long by ~900m wide km wide anomaly of highly chargeable rock. All indications are that we are drilling into a large system." stated Bruce Bragagnolo, Executive Chairman.


https://ceo.ca/@newswire/regency-silver-intersects-294m-of-632-gt-au-down-dip



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2 years ago
17 minutes 21 seconds

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