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Best Drill Interceptions In The Metals Mining Sector For The Week Ended 27 January 2019

Feb. 01, 2019 1:58 PM ETSFRRF, KRRGF, GLATF, GLO:CA, KRR:CA16 Comments


  • Global Atomic with much higher grades than previously estimated.
  • RNC hits over 1,000 g/t of gold at Beta Hunt.
  • Adriatic with the thickest and highest-grade intercept at Rupice to date.
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Source: Exploration Insights


Welcome to Gold Panda's weekly series of articles covering the best drill interceptions in the metals mining sector.

If you're into investing in the mining sector, you should know the above chart very well. Exploration and discovery can add a lot of value for a mining company across all stages of its life cycle, although the greatest increases in the share price usually happen when a small company makes a major discovery and the hype arrives. However, great exploration results can also improve the economics of large projects of established global mining companies.

I'm planning on writing a weekly series of articles in which I will analyze the three projects with the most significant drill interceptions over the past week as well as the prospects of the companies which own these projects. I will use data from the weekly bulletin of RSC Mining and Mineral Exploration, which can be found on its website. Note that the drill interceptions are converted into grades of gold equivalence using the following formula:

Source: RSC Mining and Mineral Exploration

RSC Mining and Mineral Exploration has chosen gold as the metal equivalent for all conversions as it considers it the most widely used and best understood benchmark to determine or appreciate the grade tenor of a drilling intercept.

Source: RSC Mining and Mineral Exploration

1) Dasa uranium project in Niger

On 23 January, Global Atomic (OTCPK:SYIFD) announced assay results from four holes drilled in 2018 at its Dasa uranium project and the best interception was 98m @ 1.71% U3O8 from 163.2m in hole ASDH563. This was 135% higher than the previous probe-only estimate of 7,277 ppm eU3O8 and is equal to 2,576(AuEq.)m.

Source: Global Atomic

Global Atomic president and CEO Stephen Roman said that the recent assay results indicate the probe

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This article was written by

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I have been investing in stocks since 2007. I have no preference for sectors or countries - I'm as comfortable owning a part of a cement miner in Peru as holding shares in a wheat farming firm in Bulgaria. If it's a value stock - great. If the dividend or share buyback yield is high - even better.

- Disclosure: I am not a financial adviser. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading.

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I am not a financial adviser. All articles are my opinion - they are not suggestions to buy or sell any securities. Perform your own due diligence and consult a financial professional before trading.

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