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Our new featured company is a gold and copper explorer.
Rockridge Resources (TSX.V: ROCK) is a mineral exploration company focused on the acquisition, exploration and development of mineral resource properties in Canada, specifically gold and copper. Rockridge’s general strategy is to go into historical, prolific mining districts with modern exploration techniques and methodologies to test new ideas and make new discoveries. Specifically, Rockridge is acquiring and rethinking projects with gold or copper as the primary credit, which are within reach of existing infrastructure in geopolitically favourable jurisdictions.
The Company’s core gold project and current focus is the Raney Project, which is a highgrade gold exploration project located in the same greenstone belt that hosts the world class Timmins and Kirkland Lake lode gold mining camps.
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Symbol: ROCK
Exchange: TSX Venture
Shares Outstanding: 51.1M
52 Week High: .23
52 Week Low: .07
Currently: .175
Rockridge recently raised $1.7 Million at 10 cents with a warrant at 17.5 cents.
The Company’s other asset is the Knife Lake Project located NW of Flin Flon in Saskatchewan. The Knife Lake Project is a remobilized shallow VMS deposit with a significant copper dominated resource. Strong discovery potential exists at both of the Company’ projects. Rockridge’s goal is to maximize shareholder value through new mineral discoveries, committed long-term partnerships, and the advancement of exploration projects in mining-friendly jurisdictions.
The April 30th [ Resource World ] article discussing their previous 9 hole drill program which included 6m of 28g/t gold (uncut).
The July 31st Report by Bob Moriarty of 321 Gold can be read [ here ].
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Jaeger Resources is a public exploration company engaged in the acquisition, exploration and development of high potential mineral properties with a current focus on its Taylor Brook Deposit in the prolific Bathurst Mining Camp.
The Company’s Management, Directors and Advisors have significant experience in mining, exploration and business development.
Prolific Bathurst Mining Camp,
New Brunswick
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One of the most prolific base metal mining camps in the world, hosting at least 46 volcanogenic massive sulphide deposits with a total sulphide resource of over 500 million tonnes.
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Since initial production in 1956 at Heath Steele (approximately 24 million tonnes extracted averaging 5.2% zinc, 1.8% lead, 0.93% copper and 65.5 g/tonne silver between 1956 and 1999), the camp has produced a total of 177,350,000 tonnes of ore at an average grade of 3.12% lead, 7.40% zinc, 0.42% copper and 94 g/tonne silver.
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Symbol: JAEG
Exchange: TSX Venture
Shares Outstanding: 54.6M
52 Week High: .075
52 Week Low: .01
Currently: .035
Taylor Brook Deposit,
Bathurst Mining Camp, New Brunswick
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Consists of 70 mineral claims encompassing 1,540 hectares.
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Excellent infrastructure in place including close proximity to major highways, power and skilled workforce.
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Staked claims make the property contiguous with the Stratmat property, with the optioned claims located approximately six kilometres along strike and northeast of the Stratmat deposit (indicated resources of 4.7 million tonnes at 5.3% zinc, 2.1% lead, 0.40% copper, 49 g/tonne silver and 0.60 g/tonne gold).
Jaeger is currently raising $750,000 for exploration.
See the full news below.
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The Watch List
I mentioned Auryn Resources $AUG #TSX at $1.65 back in March of 2019. Since then it has rocketed up to $3.55 and now sits around $2.75CA. The company has been very busy. At the end of July they announced that they will be acquiring Eastmain Resources $ER : TSX, spinning out their Peruvian assets into two companies, and creating a new company, Fury Gold, with their Canadian assets and Eastmain's assets.
As part of the deal, they have just announced raising $23 Million for Fury Gold. An upcoming 80,000m drill program on Eastmain's Eau Claire Project should be very interesting.
The vote for the transaction will be Monday and a date will be set for the splitting of the company if it passes the vote.
[ Must watch video ]
Fury Gold Mines' Massive 80,000m Drill Program with Mike Timmins & Chairman Ivan Bebek
What will be the final shareholder value when all the assets are explored? Time will tell.
Always do your own due diligence.
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