Gold Ventures 🟡
Gold Ventures 🟡

@TheLastDegree

9 Tweets 1 reads Apr 12, 2023
Another one that hasn't moved yet...
This one had many projects making it hard for the market to value, so they spun some out into a new company
This had an lagging effect on the shareprice
Now they're leaner, cashed up and will be coming back with a better focus
/1
olden Sky Minerals has 3 drill ready projects in Yukon + 1 in BC
Exploring for gold and copper
$AUEN.V
Earlier shareholders will get shares in the new company Thunderbird Minerals, in which 3 other projects will get brought into
Will discuss this one in the future
/2
As Snowline's success will get more traction this season, it's a given the Yukon will receive even more investor interest
Especially companies whose projects are in vicinity of existing projects and/or mines + that are easily accessible
Hotspot ticks those boxes ✔️
/3
The Sure Bet Zone at the project of special interest
1.34g/t Au over 71.6m
0.85g/t Au over 102m (incl 42.4g/t Au over 1.05m)
Sampling & drilling hinting at a possible buried porphyry
Analogous to Tanacross porphyry 25km NW, currently explored by Freeport and Kenorland
/4
The Lucky Strike project is situated in the heart of the White Gold district
Since 2007 alone there's over 6Moz gold discovered here
The project has 5 gold zones with only one of those drill tested
5.36 g/t Au over 22m (incl. 18.79 g/t Au over 5.72m) from 13m depth
/5
The final Yukon project is the recently optioned Squid East project
Saw some trenching
1.96 g/t Au & 160.6 g/t Ag over 22m
And drilling
1.55 g/t Au & 114.1 g/t Ag over 21.0m
Clearly needs following up, especially given the proximity (18km) to the Hotspot project
/6
Finally there's Rayfield in BC, located on the copper-gold producing Quesnel Trough district
Historical drill programs only focused to a depth of 100m, whilst the district is known for copper-gold porphyries at depth
Those holes intersected anomalous gold and copper values
/7
Golden Sky made the right move to spin out the other projects
Unfortunately the timing was off as newsflow went in a lower gear just as PMs started to move
This however gives a new chance to those who missed out on other picks
Cashed up with 1.5Mil + can move quick now
/8
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Cheers, GV
/end

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