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

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

Osisko Metals Signs C$100 Million Investment Agreement With Appian Natural Resources Fund for a Joint Venture on Pine Point

https://ceo.ca/@GlobeNewswire/osisko-metals-signs-c100-million-investment-agreement

Bob explains the tremendous value of the deal to shareholders, $30 million total in cash to OM.V plus free-carry while Appian Capital Advisory LLP spends $75 Million over the next 4 years on bringing Pine Point to FID. Then Bob expands on the future of the company being copper focused with their Gaspe Copper Project over 900mt of copper with moly and silver credits with Glencore.

Enjoy.

Doc Jones

For further information on Magna Mining NICU.V MGMNF and Emerita Resource EMO.V EMOTF listen my recent Site Visit Tour notes and interviews with the CEO'S on Podcast Channel.

Companies on Interest:

NICU, EMO, RIO, SGML, RIO, VALE, BHP, OM, NGT, FRU

Best,

Doc Jones 

BOOK: 

Mining Economics Explained by Craig Hutton

Mineral Exploration and Mining Essentials by Robert Stevens

Mining Explained by The Northern Miner

The World For Sale by Javier Blah and Jack Farchy

I spent a few days touring Emerita Resources 100% owned, zero royalty IBW property, the Neuvo Tintillo and the *Aznalcollar Package pending (recently a court date to sentence the 16 charged with serious crimes of corruption was announced.) 

Emerita is running the largest drill campaign in the Iberian Pyrite Belt and one of the largest in the world with 15 drills turning. They  are in the final innings of a 70k-80k meter drill program that will lead to the releasing of an initial Resource Estimate (compliant 43-101) on 2 of their 3 high grade deposits that historically prior to drilling had 12-13mt of high grade resources, beginning at surface, open in all directions and were imperially under/partially assayed and primarily contained by a lead+zinc cut-off grade that excluded multiple zones of high grade gold, silver and copper. These 3 deposits were original drilled out by multiple majors decades ago.  

-To view my most recent Due Diligence Report on EMO visit: 

https://www.streetwisereports.com/article/2022/11/08/the-tipping-point.html and https://ceo.ca/@drjimjones  

-Analyst Note sent out immediately after they attended the site visit that details upside: https://ceo.ca/emo?ed889e03a30c

-Here's is a link for a video I shot of the Regional Geologist and David Gower explaining Neuvo Tintillo upside located next to the world's largest VMS mine, photo's of high grade copper I hammered out of the shales: https://ceo.ca/@drjimjones?0c44a50a48cf

Bottom line: 

Everything in my original thesis is being proved. The scale, the grade, and it's just starting and getting very big. 

El Cura is being drilled in Q1 2023, Neuvo Tintillo in 2023 and more expansion drilling on Romanera and La Infanta that continue to grow well past the historical. 

I believe the data supports a robust 43-101 of 20mt-25mt of very good grades and will continue to expand through 2023 as EMO they begin the PFS.

About Me:

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...

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.

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

Podcast and Reports are for educational purposes only, not investment advice. 

The company is driving towards defining a resource by year end, if successful the economics are outstanding as proven by their neighbours CBL (Private Producer) and Sigma Lithium $2.8 Billion MC

Whats important is tons and grade. Lithium Ionic has the reasonable potential to prove up 20mt in the near term and more throughout 2023 at equiv grade/width as their neighbours.  Bankable economic studies have shown by their neighbours illustrate 20mt generates a NPV5 of over $1.7 billion usd for the ultra low cap ex of $130 million usd. With a 17yr mine life using $1900/ton lithium, current spot price is over $5000/ton. 

Success is ultra-low cap ex for decades of ultra-high returns. Infrastructure, roads, hydropower, low labour cost, port access located in a proven jurisdiction that has fast/easy permitting and government support for exporting of concentrate to multiple end markets makes LTH.V very attractive for speculative investment capital.  

The Company has a tight share structure, over $15 million in cash to advance and multiple km of anomalies to drill.  

Peers such as SIGMA and CBL offer comps to evaluate others, discount applied, premiums given depending on specifics.    

"Drilling continues to prove size and grade potential at Galvani with potential to quickly build 15 – 20 Mt LTH announced results from the hole #2 located ~100 m NE along strike of previously released hole #1 (24.9 m at 1.57% Li2O) and up-dip of a historic hole OLDD-003 (12 m at 1.78% Li2O). Significant intercept from hole #02: 42.05 m at 1.17% Li2O, incl. 11.72 m at 1.95% Li2O.  The intercept starts near-surface (11.3 m down hole or ~6 m below surface). This intercept confirms a widening of extension of mineralization to surface and confirms management’s geological understanding of the mineralization. The Galvani property is located less than 4 kilometres from Sigma Lithium’s Xuxa deposit (over 17Mt grading 1.55% Li2O M+I). For comparison, Xuxa’s widths are in the range of 15 – 20 m.  Galvani’s drilling to date (incl. historic) indicates potential for better widths and comparable grade. The Company is currently undertaking a 900 metre (7 hole) drill program as well as an extensive trenching program in proximity to an approximately 700 meter strike extent of pegmatite on the Galvani claims. At these widths, LTH should be swiftly able to build large tonnage.  The potential open-pit economics should look compelling with at-surface and wide mineralization with potential for higher grades deeper. 5 holes pending assays from Galvani.   LTH’s assets are located in a jurisdiction that has recently been designated a tax-free lithium zone. CBL, a private Brazilian company, has been producing lithium concentrate and hydroxide for +30 years and Sigma Lithium ($2B mkt cap) is expected to start producing next year. Sigma has an offtake agreement with LG which demonstrates the ability of the spodumene in this region to produce battery grade concentrate. Compelling Risk Reward: LTH’s market cap is ~$130M with +$15M in cash. Sigma Lithium was able to go from staking to production in ~6 years and now sports a $2B valuation. LTH’s near-term goal is to prove up 20Mt over the next 6-12 months which would allow it to produce a PEA/PFS shortly thereafter. Assuming success, we believe, would support a $5-10 stock price."

This is exploration so understand it's high-risk.

Doc Jones https://ceo.ca/@drjimjones Podcast is not Investment advice

As modelled the Gold grades are outperforming add tremendous value to the Romanera Deposit.

"Romanera Deposit

La Infanta update

I catch up with Mike now that BRAU has released their first ever drill result from the HOPE BROOKE gold project (1 million oz) in NFL. Lots of news flow coming...

"Today's drill results southwest and along strike of the Hope Brook open pit confirm near-surface mineralization remains open for potential resource growth, and the copper mineralization, that is being reported for the first time, illustrates the possibility of a by-product credit. The Phase I drill program is very exciting as 100% of our holes have intersected gold mineralization and two of those have intersected visible gold."

Highlights:

OM.V has BILLIONS of pounds of ZINC and LEAD and now COPPER.

OM deal with Glencore, one of the worlds largest mining companies is a real game changer, it gives them a partner with deep pockets and access to Smelter Capacity that few Jr. will ever hope to have. 

This locks for me the potential of both the Pine Point and Gaspe Projects to become producing mines in the future.

GASPE

-Glencore becomes largest sharholder

-Off-take agreement for 100% of copper produced 

-RE out next week

-Historical Resources +3.3 billion pounds of copper plus upside to Mo and Ag by-product credits

-PEA year end

-Porphyey Mt +200mt deposit grade is likely 1% cueq

-Oxide stock pile is 30mt and will grow to 60-70mt

PINE POINT

-Updated PEA on May enhancing economics tremedously

-Drill results pending

-Huge never before drill target on tap

-Updated RE coming and PFS

Lots of other points, listen and take notes. 

After talking with Bob I realize both these projects resources will likely exceed my expectations.

Where to begin... incredible potential and downside hedged by the defined 43-101 resources +1 million ozs done at $1300 gold (approx 1.7 million ozs unofficially with the 2020 & 2021 drilling that outperformed) at Cassiar North plus 70 k ozs at Cassiar South at 20g/t and growing, a permitted mill, roads, water, power etc AND a second dominant land package with +700K ozs of historical production at 13g/t not worked in decades...

PROJECTS

Cassiar

https://cassiargold.com/project/cassiar-gold-project#overview (bulk tonnage and high grade underground)

Sheep Creek

https://cassiargold.com/project/sheep-creek-gold-project#overview

Get your pad and pencil, we reveal a lot of hidden value yet to be understood by the market.

https://cassiargold.com

https://cassiargold.com/presentations/CassiarGold-CorporatePresentation.pdf

Best Doc Jones

https://drjonesresourceinvestor.wordpress.com

https://ceo.ca/@drjimjones

3 Due Diligence Reports on GLDC

https://ceo.ca/@drjimjones/heading-to-2-million-ozs-at-taurus-doc-jones-cassiar-gold-update

https://ceo.ca/@drjimjones/part-2-the-cassiar-gold-project-the-next-fosterville

https://ceo.ca/@drjimjones/doc-jones-and-mrl-margaux-gold-new-board-new-vision-tier-1-asset-potential

PODCAST IS FOR ENTERTAINMENT PURPOSELY ON:Y, NOT INVESTMENT ADVICE. VET THE DATA. 

Jason is one of the best CEO in the industry period. 

.
Jason has nearly ten years of experience in all facets of mineral exploration, mine development, investor relations and finance. Upon completing his undergraduate degree in Geology at Western University and a Masters in Earth and Energy Resources at Queens University, Jason worked as a Project Geologist at Trelawney Mining and Exploration, which was subsequently sold in 2012 to IAMGOLD for C$608M. Jason then moved on to work as an Exploration Geologist at a number of IAMGOLD properties and in early 2015 was recruited to join the Barkerville Gold Mines team as Sr. Geologist where he was appointed Chief Mine Geologist in 2016. In late 2017 Jason took on the role of VP Corporate Development, which ultimately led to the sale of Barkerville Gold Mines to Osisko Gold Royalties in 2019 for C$338 million. Jason is currently Vice President of Strategic Development at Sable Resources."

NOTES:

I recently added MPM.V to my focused Jr. Portfolio and I believe it's one of the most compelling opportunities in the Gold developer/explorers space.  

Excellent proven management, high-margin/low cap-ex  projects with 1.2 million ozs of oxide gold near/at surface as a starting point, a low strip ratio, huge potential for expansion, $20 million in the bank with Eric Sprott as a cornerstone investor. MPM.V makes the grade for my very highly-focused portfolio.

I see them quickly expanding to +2 million ozs, upgrading the grade, lowering the strip ratio and eventually being bought out because of the tremendous cashflow these assets will produce. It's really one of a kind at this discounted price.

Essentially in my opinion +$250 million MC in the next 18 months. 

Presentation: https://millennialpreciousmetals.com/wp-content/uploads/2021/11/MPMCorporateDeck-2021.11.11-vFinal.pdf

Just listen, take notes, run the numbers. The data is very solid.

Podcast is not investment advice, forward looking statements are made. Do your own vetting of the data.

Best,

Doc Jones

https://drjonesresourceinvestor.wordpress.com

Emerita Resources releases another batch of Ultra high-grade assays from La Infanta 11.1 meters of $1834/ton or 60% zinc Equiv.

Em Survey shows conductors exceed 400m in depth only drilled to 100m at La Infanta

company wide historical high-grade of over 100mt = over $35 Billion USD

https://ceo.ca/@nasdaq/emerita-intersects-111-meters-grading-36-copper

https://ceo.ca/@drjimjones/a-titan-risesemerita-resource-3rd-largest-landholder-in-iberian-pyrite-belt-due-diligence-report-10

https://ceo.ca/@drjimjones/victory-is-oursemerita-resources-emerges-as-a-titan-ddr-8

$4 billion in 2 years.

Introduction to Nobel Resources and its upcoming drill program to test 5 targets that could yield 1 billion tons of copper.

Nobel Resources has the right to acquire 100% interest in the Algarrobo Iron Oxide Copper Gold Ore (IOCG), a potential IOCG style high grade copper property in Chile. The country is a top mining jurisdiction as it is strategically located within 25 km from port and has world-class IOCG deposits within the Major Candelaria belt. Chile’s mining capabilities benefit from close to surface, high grade mineralization within the mining face and has the necessary permitting in place.

With past production in Chile reaching more than 800,000 tonnes at +12% copper and 3-4% copper in the stockpile, it is easy to understand how lucrative this industry is in the country. It’s even more appealing considering how historically underexplored and undercapitalized Chile is and it has the proven leadership to develop future projects.

https://ml.globenewswire.com/Resource/Download/0e2928d9-baea-43a2-a102-037dcf79b897?size=0

https://nobel-resources.com/wp-content/uploads/2021/04/2021-04-22-Nobel29-Investor-Presentation_FINAL.pdf

HERE I check in with my largest holding Emerita Resource and cover:

-Recent ultra high-grade drilling results at La Infanta

-The 4x expansion of the IBW land position by winning 6 land tenders in the last year

-Results of Deep Penetrating EM Surveys shows structures continue below 400m at both La Infanta and Romanera

-His views on mining in Spain

-Outcome of Aznalcollar lawsuit and facts around the quick path to resolution

-David's personal stake in keeping the company going during the lean years

-Positive implications of the current drilling exceeding historical results by over 22%

-Much more....as we march towards a +$4 Billion Market Cap in 2 years

"The Data is the Data, The Math is the Math"

Enjoy 

Doc Jones

Most recent Due Diligence Report

https://ceo.ca/@Drjimjones/victory-is-oursemerita-resources-emerges-as-a-titan-ddr-8

Drill hole IN003 Intersects 3.8% Copper, 30.5% Zinc, 15.6% Lead and 372 g/t Silver Over 5 Meters at Infanta Deposit

Drill hole IN004 intersected 7.45 meters grading 1.67% copper, 6.01% lead, 11.49% zinc and 90.1 g/t silver and 0.49 g/t gold from 62.55 meters, including 3.76% copper, 15.29% lead, 28.81% zinc and 206.3 g/t silver and 1.08 g/t gold over 2.65 meters from  64.55 meters depth

Drill Hole  IN001intersected 4.0 meters grading 0.07% % copper, 1.68% lead, 3.40% zinc and 11.50 g/t silver from 24.3  meters, and a second intercept of 2.8 m grading 0.02 % copper, 3.79% lead, 7.50% zinc and 12.95 g/t silver from 32.3 meters depth (see cross section – Figure 3).  This hole is near surface and likely suffered  some leaching of the mineralization related to surface weathering as it is only approximately 15 meters vertically from surface. 

I take a look at Clarus Securities Research Report on EMERITA RESOURCES that puts an immediate $6.25 price on EMO after a win for the Aznalcollar Land Package.

 We look at: 

-What resources were included or not included 

-Price deck for Copper, Gold, Zinc, Silver, Lead 

-Future Capital Structure -Development cost 

-CFC and More.

-Mike and I chat about the companies plans now that they have over $11 million in the treasury to expand the current 1.2 million ozs deposit (using a 2g/t cut-grade, the current resource was done at $1200 Gold) 

-They are cashed up for at least the next 3 years, no dilution risk

-$11.4 Million in Cash plus over the next 1-3 years $8 million will come in from option payments due to BRAU and another possibly $10 Million in Warrants/Options ($4 million in the money currently)

-Multiple expansion targets and satellite targets some grading +160g/t that haven't been followed up on prior or worked since the 1980's 

-Updated Resource is coming

-A break down of the BRAU team

-much more

Doc's Abridged Thesis

-Assuming Fully Diluted Market Cap 146 million shares out = $46 Million Market Cap with Cash = $11.4 Million + ($8 million in option payments to BRAU and $10 million in Warrants and Options in the next 1-3 years) = Total Cash $29.4 Million.  Adjusted Fully Diluted Enterprise Value = $16.6 Million/ 1 million ozs net to BRAU as-is = $16.60 per mineable gold ozs where there is already enough scale to go into production.

-They are unlikely to do another financing for many years and have the cash to expand and develop this resource beyond 2-3 million ozs

-At a PEA level multiple on 2.5 million ozs of 75$ on ozs (25%-50) lower then their peers = MC 187.5 $Million, 4x return in 12-18 month with little downside risk.  

HOPE BROOK GOLD MINE

Big Ridge – earning up to 80%
1,056 mineral claims totaling 26,400 Ha

Stage:

Advanced Exploration: The property hosts the Hope Brook deposit that consists of the Mine Zone and 240 Zone. The Hope Brook deposit is open along strike and at depth.

836,0004.11110,000Class
Tonnes
g/Au/tonne
Au(ounces)
Indicated
5,500,000
4.77844,000
Inferred
https://bigridgegold.com/projects/hope-brook-gold-project-newfoundland/

Hope Brook NI 43-101 Resource Estimate (2015)* 3.0g/t cut off

The NI 43-101 Resource Estimate for the Hope Brook Gold Deposit was SEDAR filed on June 8, 2021. Mineral Resources are not Mineral Reserves and by definition do not demonstrate economic viability. Nick Tintor, P. Geo., a Qualified Person under the provisions of National Instrument 43-101, has reviewed and approved the technical information described herein.

Location & Infrastructure

Southwest coast of the island of Newfoundland, in the Province of Newfoundland and Labrador, Canada.  The property hosts a 28-person camp, existing tails storage capacity, a 1,100m airstrip and is connected to grid power.

Historic Production

BP-Selco made the Hope Brook discovery in 1983 and the mine was put into production in 1987. The Hope Brook Mine operated from 1987 until 1997 and produced 752,163 ounces of gold during that time.

Project Summary

Doc's Website: https://drjonesresourceinvestor.wordpress.com.        https://ceo.ca/@drjimjones. 

Tim Johnson And Doc Jones discuss the recent drill results and what to expect from the rest of this drill season. 

Press release: https://ceo.ca/@accesswire/granite-creek-copper-reports-first-results-from-phase

-11 holes left to report in the next 6 weeks

-The 2000S zone increasing grades to the North and may connect to the Main Zone

-an additional 3000 meters of RC drillingat the high-grade Zone A where last season they had hit +20 meter in multiple holes of +2% copper, +1.5g/t gold and +12g/t silver

-an additional 3000 meters of Diamond Drilling based on RC results

-The above is fully fuunded

-Minto Copper going public and it's effect on GCX evaluation

-and more...

GCX Presentation https://gcxcopper.com/site/assets/files/3682/2021-05-06_gcx_presentation_live.pdf

DOC JONES SITE: https://drjonesresourceinvestor.wordpress.com

It's early days but so far the results strengthen my original thesis.

-Simon posits adding a 2nd rig to the project

-Treasury currently at $10 Million

-Blind vein discovered "The Amber Vein" with strong visible gold

-The push towards a resource of 1 million ozs of high grade.

-Volcanic Gold recent results: 14.8m @ 3.96 g/t gold and 1,097 g/t silver, including 2.2m @ 9.79 g/t gold and 2,035 g/t silver, and 1.85m @ 5.6 g/t gold and 2,801 g/t silver at Holly Project, Guatemala

-Simon Ridgway, Volcanic’s President and CEO, commented: “It is great to see La Peña vein developing as a robust gold/silver system.  We are currently drilling hole HDD-21-021, stepping out along strike of La Peña vein which does not appear to be a narrow shoot.”

-La Peña vein drill hole 4 cut a zone of disseminated silver mineralization grading 378 g/t Ag over 9.15m within the footwall of the vein (not included in the reported intercepts).  This silver mineralization was finely disseminated in altered volcanic rocks without significant veining.  The overall silver interval with La Peña vein and footwall disseminated silver mineralization returned 34.6m at 574 g/t Ag.  The hole stopped a few meters after the disseminated silver interval, with the final meters not assayed.

-Discussion Topics-

-Recent legal news highlights which now all 3 level of court agree crimes were committed in the tender and the clear path to acquire the Aznalcollar Land Package which has over $24 Billion in High Grade Mineable Insitu resources

-Drilling at La Infanta

-New large Institutional Investors have become shareholders

-Value of just IBW is at least 5x greater then current Market Cap

-Soon 1-2 more drill rigs will possibly be added to IBW, focused on expansion and arriving at a robust 43-101 and PEA in 1H 2022

-More Historically high grade data on deposits disclosed

-Company's objective to exceed 1 billion $ USD MC in a year (5x from current)

-A geology lesson

-Matsa evaluation = $2 Billion for IBW and more....

 DUE DILIGENCE REPORT OUTLINING PATH TO $4 Billion MC in 2-3 years or 20x return: https://ceo.ca/@Drjimjones/victory-is-oursemerita-resources-emerges-as-a-titan-ddr-8

More info: https://drjonesresourceinvestor.wordpress.com/ 

A quick look at Research Capitals assumption for getting to a $3.30 price target.   -They only used 32 mt tons of the 102mt of high grade historically documented   -3 cent a pound for Zinc Equiv. Pound -Didn't assign value of full PM credits from full assays -no value for Ontario and Neuvo land packages just acquired -no value for expansion of all the deposits which are open  Stated EMO would be a prime TakeOver target and could be valued at 6 cents per Zinc Equiv. Pound  As-is 102mt tons valued at 36 Billion = 26 billion pounds ZE at 3 cents = 1 billion Candain / 150 million shares out = $6.67/share at 6 cents = $13.20 /share   I think it's pretty clear with a win of Aznalcollar 10X is a starting point.

This is my reasons for investing in Emerita Resources, choose your own.  Always double check and vet any information provided.  For entertaining purposes only.

It is my belief Emerita Resources (EMO.V) (EMOTF) this is the best risk/reward potential of this decade in the polymetallic mining sector.

Investing is about due diligence and patience. If it's a good investment now it will be tomorrow and next week so do your homework and think for yourself.  

Best Doc Jones

My Profile:https://ceo.ca/@drjimjones

Links to reports referenced: 

Youtube link to SMALLCAPSTEVE with where CEO David Gower states Eric Sprott bought 10% of the company after permits were granted because the silver alone is 400 Million ozs: https://youtu.be/EA-WF-Jk9bY