High-grade drill results ignited interest in some gold explorers this month. Here are a few juniors whose stock price benefited from some good drill results this month.
AbraPlata Resource Corp. (TSX.V:ABRA; OTCPK: ABBRF)
AbraPlata intersected 17.5 metres of 604 g/t silver, and 7.0 metres of 20.6 g/t gold and 202 g/t silver at its Diablillos Project in Argentina.
AbraPlata has a drill program that is currently targeting high-grade mineralization zones within and adjacent to the Oculto deposit.
The 80 sq. km Diablillos property is located in northwest Argentina and hosts mineral resources of 81.8 million ounces of silver and 761,000 ounces of gold.
//
Azimut Exploration Inc. (TSXV: AZM)
Azimut drilled 3.15 g/t Au over 102.0 m including 10.1 g/t Au over 20.5 m at the Patwon Prospect, Elmer Gold Property, James Bay, Quebec.
Based on the results of 7 drill holes and detailed surface sampling, the Azimut’s interpretation at this early stage is the mineralization has been recognized over a 200 metres length and down to a depth of 100 metres but still open at depth.
Azimut was featured in eResearch’s Project Generator report. To see the full report, click here.
//
Granada Gold Mine (TSXV: GGM)
Granada intersected 11.45 g/t gold over 33 meters from their 100%-owned Granada gold deposit near Rouyn-Noranda.
Granada also closed a private placement financing raising gross proceeds of $200,000 from 2.0 million units at $0.10 per share. Each unit consisted of one common share and one share purchase warrant with an exercise price of $0.15 for two years.
The Granada gold deposit hosts a pit-constrained mineral resource of 1.2 million ounces of gold.
//
Osino Resources (TSXV: OSI) (FSE: RSR1)
Osino reported 92 metres at 1.40 g/t Au and 37 metres at 2.58 g/t at their Karibib Gold Project in Namibia.
Osino is a Canadian-based, gold exploration company, focused on the acquisition and development of gold projects in Namibia, and is currently drilling at their Karibib and Otjikoto East project with additional drill results expected in early February.
On January 30, 2020, Osino announced that it closed a $14 million equity issue of 17.95 million units, at a price of $0.78 per unit, with each unit consisting of one common share and one-half share purchase warrant at $1.05 for 2 years.
//
