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The appeal of Vancouver-based social network RESAAS(CNSX:RSS) is spreading even further, with the first Michigan broker joining the platform specifically geared towards real estate professionals, it was announced late Thursday.

The new addition to the social network, 3 Tier Real Estate, hails from Sterling Heights, Michigan, where the team of professional realtors specializes in assisting both buyers and sellers while primarily dealing with foreclosures, short sales, loan modifications and HUD homes.

"3 Tier Real Estate works with some of the largest banks selling their foreclosures in the Michigan area," said associate broker Tracie Peltier. "We love how the RESAAS platform will be branded as the 3 Tier Real Estate Social Network and how it will provide our team with a great opportunity to expose their listings on a forward-thinking social network."

RESAAS, a social network designed specifically for the real estate professional to connect and communicate in real-time, offers each 3 Tier Real Estate agent his or her own corporate branded agent page. The firm will also have access to a page specifically dedicated to 3 Tier Real Estate, from which staff can broadcast information and thus remain in constant contact with 3 Tier team members.

"As Michigan real estate moves towards a seller's market, " said vice president of sales at RESAAS Padraig Cullen, "Tracie Peltier understands that the RESAAS platform will give the 3 Tier Real Estate team the ability to procure more business through social networking, while giving their properties great exposure to the market."

RESAAS's social network is designed to allow real-time updating of property listings as well as the ability to sync with social media sites such as Facebook (NASDAQ:FB) and Twitter. Known as real estate broadcasts, RESAAS' reblasts engine automatically generates all of an agency's real estate workflow into social content that is instantly pushed out to the RESAAS platform and other social networks.

The Michigan firm is only the most recent addition to the social network, which has already proved popular with real estate agencies in the West, having added several new members in the area since its opening in January. The platform has added such names as Southern California-based Summit Realty Group, Star Real Estate, Modern Realty, Vernazza Realty, Parker Properties, OC Homes Realty, Century 21 Showcase and Century 21 Adobe Realty -- all in California, to name a few.

The new addition also comes at a white hot moment for the social network - coming as it does the month after RESAAS announced its selection as the preferred social networking partner for HousingWire's Real Estate Expo in June. The network for real estate professionals to connect and communicate in real-time was also just chosen as the social network for the upcoming MREDpalooza event, hosted by MRED, Chicagoland's multiple listing real estate service.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Klondex Mines (TSE:KDX) was touted as having a high grade resource in a strategic location with potential for a "number of upside opportunities" on Friday, in an initial coverage report by Casimir Capital's Erin Winmill.

The analyst started the advanced-stage development company, which is focused on its Fire Creek gold project in Nevada, with a speculative buy rating and a $2.50 price target - more than double its current trading price.

The company's property is situated at the intersection of the Battle Mountain trend and Northern Nevada Rift, which also hosts the Midas and Hollister narrow-vein epithermal gold deposits. Aside from being surrounded by major producers, it is also nearby power, transportation, infrastructure and a milling facility in the heart of the U.S. state's gold trend.

Earlier this month, Klondex said it completed its drill core re-logging program at the site five weeks ahead of schedule. It started the campaign in January, which involved the photographing and re-logging of around 73,000 metres of archived drill core from previous operators at the property.

This comes ahead of an initial bulk sampling program in the third quarter at the mine. It is aiming to extract around 10,000 tons of material in 2013 as part of its initial bulk sampling, with targets for next year to be announced with the completion of an updated mineral resource estimate - expected in June.

"Resource grade is considered high vis-à-vis other producing gold deposits with an Indicated resource grade of 17.6 g/t Au (using a 7 g/t cut-off) and multiple bonanza-grade intercepts such as the recent discovery of 1.82m @ 497 g/t Au," wrote Winmill in his note.

"In our view, the high grade nature of the deposit not only provides for strong economic returns but also helps protect against lower gold prices through the ability to adjust the mine plan to maintain profitability."

Indeed, the company is also planning to keep development costs low and avoid lengthy potential delays in permitting through the use of toll milling agreements, having recently signed such a deal with Veris Gold for the initial processing of ore from Fire Creek.

"As a result, Klondex expects to generate meaningful revenue from gold sales in 2013 upon commencement of bulk sampling. Longer term, Klondex may look to build an on-site processing facility using internally generated cash flows," the analyst took note in his report.

Winmill also highlighted Klondex's "strong management team", lead by CEO Paul Huet, who joined in last September, and who has more than 25 years of mining experience, including managing similar high grade, narrow-vein gold operations in Nevada such as the Hollister and Midas mines, among others.

Huet was raised in Timmins - one of Canada's most prolific mining districts, and started his career underground in the mines, drilling and blasting for a decade at Kinross Gold (TSE:K) - where he was among three people selected for an advanced program designed to train the next generation of mining execs.

After moving on to build and manage the operations of both the Midas and Hollister mines in Nevada, the chief executive, who says he was the only one of the three to graduate the Kinross program with a degree in mining, decided it was time for a new direction in his career, in the way of building a company from the ground up, he told Proactiveinvestors in a recent interview.

And though Huet, also the former COO at Premier Gold, sees this as no small feat, he is confident that the company's Fire Creek project in Nevada is a recipe for success and has the potential to be a "company builder".

Casimir's Winmill concluded: "We see a number of upside opportunities as project milestones are achieved, including potential for new discoveries, better recoveries, lower costs and/or higher grade."

Next potential catalysts highlighted in the research note include a new resource due in the middle of this year, new metallurgy work, the bulk sample program, infill and step out drilling later in the year, and finally - a preliminary economic assessment study late in 2013 or early 2014.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

Global Minerals (CVE:CTG) is focused on production from a past-producing mine on its Strieborná project in eastern Slovakia, but analysts at Stonecap Securities say that the exploration upside for the company shouldn't be overlooked.

In a Morning Advantage report on Friday, in a section titled The Stonecap Claim Stake, in which companies are introduced with no official rating, analysts Ali Kahn and Brian Szeto took note of the fact that the resource at Strieborná is currently based on only a single vein.

The analysts noted that so far, the company has already discovered four known veins that parallel the existing resource, where preliminary exploration drilling has returned "impressive drill results". This includes 667 grams per tonne (g/t) silver, 5.1% copper, and 3.4% antimony over 2.2 metres.

On a more regional scale, the company has indicated that there are 90 known veins across its 13,500 hectare land package, "highlighting the longer-term exploration upside of the project", Khan and Szeto wrote.

The company is advancing its high grade silver-copper project, which hosts total global resources of 28 million ounces of silver at 253 g/t silver and 78 million pounds of copper at 1.0% copper.

The high grade nature of the deposit is further amplified by the relatively near surface nature of the resource, which currently has a depth of only 600 metres, the analysts wrote.

"With an underground drill program currently underway, the company is hoping to not only increase the level of confidence of the deposit, but also the grades," the Stonecap analysts said.

The Strieborná project is part of the past producing Maria Mine, which operated until the late 1990s. As a result, in addition to having much of the necessary surface infrastructure already in place, such as rail, power, and water, there are approximately 3,000 metres of underground development tunnels that are expected to significantly reduce both the cost of underground exploration work now underway and the initial capex necessary to bring the mine back into production.

The research report took note of upcoming catalysts for the company, including additional drill results in the second quarter, an updated resource estimate in the third quarter as well as a preliminary economic assessment study, along with metallurgical results and mining permits in the second half of this year.

Stonecap Securities has no rating on Global Minerals, which closed Thursday at 12 cents on the TSX Venture Exchange.

Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.