Tag: Basic Materials

Labrador Gold Corp. (NKOSF) – Highlights of the 2023 Hopedale Exploration Program

Posted on by cpereira@noblefcm.com


Friday, February 09, 2024

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Excitement builds around Hopedale. The district-scale 100% owned Hopedale property in Labrador covers a 43-kilometer strike length of the Florence Lake greenstone belt. The company is targeting greenstone hosted orogenic gold and komatiite hosted nickel. To date, eight occurrences have been identified reflecting multiple mineralization styles, including orogenic gold, magmatic nickel sulfide, copper-silver vein, and zinc-rich volcanogenic massive sulfide. Labrador Gold released results of its 2023 exploration program which underscored the property’s prospectivity and resource potential across a variety of metals.

Fire Ant and Rusty Ridge. High grade gold grab samples containing up to 106 grams per tonne were discovered at a new occurrence, Fire Ant, that has been traced over a strike length of ~200 meters and brings the number of significant gold occurrences on the property to five. Labrador extended an anomalous nickel area at Rusty Ridge to 550 meters and identified a new anomalous nickel area, Last Resort, over a strike length of 1.6 kilometers.


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Labrador Gold Corp. (NKOSF) – Recent Drilling Results Underscore the Rich Discovery Potential of the Appleton Fault

Posted on by cpereira@noblefcm.com


Friday, January 26, 2024

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Recent drilling results. Labrador Gold released results from recent drilling targeting the Appleton Fault Zone. The drilling is part of the company’s 100,000-meter diamond drilling program at its 100%-owned Kingsway project. The most recent results are for holes drilled at Pristine, the northeast extension of Big Vein, initial holes at Knobby and Peter Easton, and the first hole in the recently identified HM occurrence. 

A new discovery at HM. The HM occurrence was discovered by prospecting and is roughly 570 meters along strike to the southwest of Big Vein. Hole K-23-334 tested for gold mineralization at depth below the quartz vein at surface. The hole returned gold grading 0.87 grams of gold per tonne over 55.9 meters, including a zone with visible gold that graded 38.37 grams of gold per tonne over 0.8 meters. Hole K-23-334 is the only hole drilled into this occurrence to date.


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Maple Gold Mines (MGMLF) – Expectations for 2024

Posted on by cpereira@noblefcm.com


Tuesday, January 02, 2024

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Year-end shareholder letter. In a year-end letter to shareholders, Maple Gold’s CEO summarized key priorities and reasons for optimism in 2024. Coupled with productive drill programs in 2023, the company has made significant technical progress by leveraging its extensive database to develop drill targets that are supported by geologic and economic criteria. Management views drilling success as the clearest path to shareholder value creation and expects to elaborate on its exploration plans in early January.

Themes for 2024. Key themes for 2024 include adopting a value-oriented approach to exploration and prudent capital management. Corporate overhead costs are down significantly, and shareholders can anticipate further reductions going forward. As of September 30, Maple Gold Mines reported cash and cash equivalents amounting to C$4.4 million and marketable securities amounting to C$336.4 thousand. Approximately C$6.0 million remains available from Agnico Eagle to fund Douay-Joutel joint venture exploration through January 2025.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Maple Gold Mines (MGMLF) – Looking Ahead

Posted on by cpereira@noblefcm.com


Monday, November 27, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Board appointment. Mr. Kiran Patankar has been appointed President and Chief Executive Officer and has joined the company’s Board of Directors. He has served as Interim President and Chief Executive Officer since August. Mr. Patankar has led the execution of Maple Gold’s updated corporate strategy, which includes a detailed assessment of the company’s district-scale projects. We believe he will reshape the company into a leaner and more focused entity with an emphasis on value-added exploration.

Reining in costs. In 2020, 2021, and 2022, Maple Gold’s general and administrative expenses were C$3.0 million, C$4.9 million, and C$5.9 million, respectively, and C$2.8 million for the first six months of 2023. Third quarter G&A expenses were $0.4 million. Based on third quarter financials, Mr. Patankar is making excellent progress reducing corporate overhead costs. As the operating partner, we expect the company to be judicious with its capital and that of its joint venture partner, Agnico Eagle Mines. As of September 30, Maple Gold Mines reported cash and cash equivalents amounting to C$4.4 million and marketable securities amounting to C$336.4 thousand. Approximately $6.0 million of Douay-Joutel joint venture funding remains available through January 2025 from Agnico Eagle.


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Labrador Gold Corp. (NKOSF) – Drills Are Turning

Posted on by cpereira@noblefcm.com


Monday, November 27, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Drilling program. Labrador Gold currently has two drill rigs operating at its Kingsway gold project. One drill is operating at the Knobby discovery, while the other is operating in the Gap Zone between the Big Vein and Pristine targets. A third rig will likely be deployed in early December at the Golden Glove target. Drilling will test the area south of the Big Vein target to the southern boundary of the property which encompasses the Knobby discovery and Golden Glove. Once drilling is completed in the Gap Zone, the number of rigs operating will be two. Knobby is a priority target since the east-west strike crosscuts the regional northeast trend like structures known to host high-grade gold in quartz veins within the district.

Acquisition of the Hopedale property. Labrador Gold fulfilled the requirements of the Hopedale option agreement and exercised its option to acquire 100% of the four licenses covering 695 claims comprising the Hopedale property. Work to date by Labrador Gold has resulted in the discovery of three gold occurrences, which together with the previously known Thurber Dog occurrence, stretch over a 3-kilometer section of the northern portion of the Florence Lake greenstone belt.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Labrador Gold Corp. (NKOSF) – Drilling Yields Near-Surface Gold at DropKick and Extends the Zone to 360 Meters

Posted on by cpereira@noblefcm.com


Friday, October 13, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Recent drill results. Labrador Gold released results from recent drilling at its 100%-owned Kingsway gold project targeting the Appleton Fault Zone. The drilling is part of the company’s 100,000-meter diamond drilling program of which nearly 85,000 meters of drilling has been completed. Assays are pending for samples from approximately 6,100 meters of core.

DropKick target yields near surface gold. During the first phase of drilling at the DropKick target, Labrador discovered the presence of near surface gold over significant widths and increased the strike length of known mineralization to over 360 meters. Further drilling is planned to demonstrate the significant potential of this discovery.


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Labrador Gold Corp. (NKOSF) – Drilling to Resume Next Week

Posted on by cpereira@noblefcm.com


Tuesday, October 03, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

The final stretch. Drilling at Labrador Gold’s 100%-owned Kingsway gold project is targeting the Appleton Fault over a 12-kilometer strike length. The drilling is part of the company’s ongoing 100,000-meter diamond drilling program of which 83,000 meters of drilling has been completed. The company is beginning to receive assays back from the laboratory for samples from approximately 8,877 meters of core which will be released in batches once they have been interpreted. With ~C$11.5 million in cash, Labrador Gold is well-funded to complete the remaining 17,000 meters of planned drilling.

Drilling resumes next week. Labrador Gold expects to resume drilling next week with three rigs. Drilling will target the Gap Zone between the Big Vein and Pristine targets, the Knobby Occurrence, and the Golden Glove target. Permits have been received to drill in the Gap Zone and in the area south of the Big Vein target to the southern boundary of the property which encompasses the Knobby Occurrence and Golden Glove. 


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Maple Gold Mines (MGMLF) – An Effective Board in Action

Posted on by cpereira@noblefcm.com


Tuesday, August 29, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Leadership transition. Maple Gold’s Board of Directors concluded that a leadership transition was in the best interest of the company’s stakeholders and appointed Mr. Kiran Patankar as Interim President and Chief Executive Officer. Mr. Patankar previously served as Chief Financial Officer and has been a key member of the leadership team since joining the company in 2021. We think his new role could be made permanent within a relatively short time frame at which time he could join the company’s board of directors. Mr. Michael Rukus, a Chartered Professional Accountant (CPA), has been appointed Chief Financial Officer and previously served as Maple Gold’s corporate controller.

Operational update. With the changes in leadership, management will conduct a thorough review of its operations and plans to enhance Maple Gold’s effectiveness, efficiency, and productivity. Drill targets for Douay and Telbel (Joutel), both within the company’s joint venture with Agnico Eagle Mines Limited, are being refined with the next phase of drilling expected to begin in the fourth quarter. Maple may also commence a follow-up drill program at its 100%-controlled Eagle mine project during the fourth quarter. During the third quarter, we expect the company to provide more details regarding its exploration budget and associated exploration and drilling plans.


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Labrador Gold Corp. (NKOSF) – Prospecting Yields a New Target

Posted on by cpereira@noblefcm.com


Thursday, August 17, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Prospecting yields high grade gold mineralization. Recent prospecting between the Big Vein and Golden Glove targets at the company’s Kingsway project has located a new gold showing called the Knobby occurrence. Grab samples from quartz vein outcrops returned gold values of up to 30.58 grams of gold per tonne, including samples grading 0.4 grams of gold per tonne, 2.7 grams of gold per tonne, and 29.19 grams of gold per tonne. Three parallel veins have been traced along an east-west strike for approximately 200 meters. This is the first indication of gold mineralization along the Appleton Fault Zone between Big Vein and Golden Glove targets.

New target expected to be drilled this year. Prospecting continues around the Knobby occurrence and a ground geophysical survey extending from the southern boundary to Big Vein is being completed. Labrador Gold has applied for permits to drill up to 95 drill holes along this portion of the Appleton Fault Zone. Management has prioritized this area for drilling in the later part of 2023 following the receipt of permits and completion of the ground magnetic/VLF survey.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Labrador Gold Corp. (NKOSF) – Drilling Yields High-Grade Intercepts at Pristine

Posted on by cpereira@noblefcm.com


Thursday, August 10, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Drilling program affirms prospectivity of the Appleton Fault. Drilling at Labrador Gold’s 100%-owned Kingsway gold project continues to target the Appleton Fault over a 12-kilometer strike length. The drilling is part of the company’s ongoing 100,000-meter diamond drilling program of which 83,000 meters of drilling has been completed. Assays are pending for samples from approximately 8,877 meters of core. Most of the drilling to date has occurred at the Big Vein target where recent drilling returned 1.10 grams of gold per tonne over 9.3 meters, including 1.49 grams of gold per tonne over 5.3 meters in Hole K-23-246 and 1.47 grams of gold per tonne over 6.55 meters in Hole K-23-237. Drilling at Big Vein has defined gold mineralization over a 720-meter strike length.

Drilling at Pristine yields high-grade gold mineralization. Follow up drilling at the Pristine target returned an intersection of 11.98 grams of gold per tonne over six meters, including 30.61 grams of gold over 2.33 meters and 82.2 grams of gold over 0.75 meters that contained 77 grains of visible gold in Hole K-22-270. To date, mineralization discovered at Pristine occurs above 86 meters vertical depth and extends over a strike length of approximately 160 meters.


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Maple Gold Mines (MGMLF) – A Significant Discovery in the Making?

Posted on by cpereira@noblefcm.com


Friday, August 04, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Douay first phase deep drilling program. Maple Gold Mines released complete gold assay results from the first phase of deep drilling at the Douay Gold Project which is held in a 50/50 joint venture between the company and Agnico Eagle Mines Limited (NYSE: AEM). During the first half of 2023, the joint venture completed a total of 5,793 meters of drilling in three new holes and two extension holes. The deep drilling program is intended to test the potential for a much larger gold system at Douay while demonstrating continuity of mineralization beneath the currently defined mineral resource.

All five drill holes intersected gold mineralization. All five drill holes intersected gold mineralization greater than 1 gram of gold per tonne, with 10 intercepts greater than 2.5 grams of gold per tonne and several broad low-grade intervals averaging 0.1 to 0.3 grams of gold per tonne. The drilling affirmed the continuity of the gold system down to at least approximately 1,600 meters vertical depth or up to four times deeper than Douay’s currently defined mineral resources.


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*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Labrador Gold Corp. (NKOSF) – Extending A Winning Record; Company Webinar Planned for June 27

Posted on by cpereira@noblefcm.com


Wednesday, June 21, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Location, location, location. Drilling at Labrador Gold’s 100%-owned Kingsway gold project continues to target the Appleton Fault over a 12-kilometer strike length. The drilling is part of the company’s ongoing 100,000-meter diamond drilling program of which approximately 72,000 meters of drilling has been completed. Assays are pending for approximately 4,370 meters of core. Most of the drilling has occurred at the Big Vein target where recent drilling returned near surface gold values. Hole K-23-225 intersected 1.06 grams of gold per tonne over 9.63 meters, including 2.28 grams of gold per tonne over 2.25 meters. Hole K-23-221 returned 3.66 grams of gold per tonne over 1.04 meters.

Outstanding results at Dropkick. Highlights from initial drilling at the Dropkick target included Hole K-23-228B which returned 1.97 grams of gold per tonne over 9.45 meters, including 3.13 grams of gold per tonne over 5.45 meters and 31.86 grams of gold per tonne over 0.45 meters that contained visible gold. Hole K-23-227 intersected 1.15 grams of gold per tonne over 4.0 meters and 1.06 grams of gold per tonne over 5.27 meters. Hole K-23-224 intersected 1.74 grams of gold per tonne over 5.07 meters, including 2.72 grams of gold per tonne over 3.16 meters. The Dropkick target is approximately 3.4 kilometers northeast of Big Vein.


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This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision. 

Labrador Gold Corp. (NKOSF) – Drilling To Resume Next Week

Posted on by cpereira@noblefcm.com


Thursday, May 25, 2023

Mark Reichman, Managing Director, Equity Research Analyst, Natural Resources, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

Hitting on all cylinders. Drilling at Labrador Gold’s 100%-owned Kingsway gold project continues to target the Appleton Fault over a 12-kilometer strike length. The drilling is part of the company’s ongoing 100,000-meter diamond drilling program of which approximately 69,000 meters are complete. Assays are pending for approximately 3,500 meters of core. Most of the drilling has occurred at the Big Vein target which has been drilled over a 722-meter northeast-southwest strike length and remains open in both directions.

Drilling to resume next week. Following the seasonal thaw, drilling is expected to resume next week at the Drop Kick target, previously known as Home Pond South, where 10 to 12 holes representing approximately 2,000 meters of drilling will be completed. Following Drop Kick, the drill could move to the Pristine target where Labrador may drill 5 or 6 holes representing approximately 1,200 meters of drilling. Following Pristine, the drill could move either to the Gap Zone between Pristine and Big Vein or to the Peter Easton target, depending on receipt of drill permits for the Gap Zone. We expect the company to operate with three drill rigs, including two rigs at Big Vein to test for extensions of the mineralization to the northeast and southwest.


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Equity Research is available at no cost to Registered users of Channelchek. Not a Member? Click ‘Join’ to join the Channelchek Community. There is no cost to register, and we never collect credit card information.

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary. Proper due diligence is required before making any investment decision.