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KMW Blog July 11, 2019: Discovery Watch July 11, 2019 with Jim Goddard and John Kaiser

Posted: Jul 11, 2019JK: Discovery Watch July 11, 2019 with Jim Goddard and John Kaiser
Published: Jul 11, 2019HSC: Discovery Watch July 11, 2019:Three Emerging Discovery Watch Winners?
Effective January 1, 2019 we have new Membership Fees and an expanded Spec Value Rating System. The new price in 2019 will be $450 annually or $200 for 90 days. The KRO Favorites List was published on January 1, 2019. Check out the catalog of Free Stuff at KRO.

Discovery Watch is a weekly 15-30 minute audio show produced by HoweStreet.com where Jim Goddard interviews John Kaiser about resource juniors with projects that have caught John's attention. The projects will not be limited to companies he has covered as Bottom-Fish and Spec Value Hunter picks and will include projects that may be of interest only because they are in the limelight. Jim and John will periodically circle back to review the projects and if necessary close them out as no longer worth watching. KRO will keep track of projects mentioned through Discovery Watch with HoweStreet.com. Discovery Watch is available via YouTube or Podcast.

Discovery Watch Audio Links
Sun Metals Corp (SUNM-V)

Stardust Canada - British Columbia 4-Infill & Metallurgy Au Cu Ag Zn Jul 11, 2019 - 0:00:00

Great Bear Resources Ltd (GBR-V)

Dixie Canada - Ontario 3-Discovery Delineation Au Jul 11, 2019 - 0:09:33

Aurion Resources Ltd (AU-V)

Risti Finland 3-Discovery Delineation Au Jul 11, 2019 - 0:13:56
Aurion Resources Ltd caught our attention early 2017 when the company reported a field of quartz boulders on its Risti project in the Central Lapland greenstone belt of northern Finland that included boulders with visble high grade gold. The angular nature of the boulders suggested they had not traveled far but overburden has made it difficult to establish the soruce through mapping and bedrock sampling. Aurion raised $25 million in 2017 but drilling not encounter anything which explained the boulders. No fianncing was done in 2018 but drilling did intersetc short intervals of very high grade gold similar to the boulders. The geological context is that of a younger version of the Timmins camp in the Abitibi greenstone belt of Ontario and Canada, with the Sirrka Shear Zone seen as analogous to the Porcupine Destor Zone. Aurion's properties straddle 80 km of the Sirrka SZ, the western two-thirds of which is farmed out to B2Gold and Kinross, which has sunk over $16 million into Aurion equity. Gold potential resides not in the crustal scale fault zone, but rather is associated with the smaller faults that splay off it within good host rocks that develop even smaller structrures that soak up the gold from fluids that are much cooler than those which create high grade epithermal gold-silver systems. The CLGB has a size similar to the Abitibi but has had only 10 million oz gold identified compared to 90 million for the Abitibi; is this because CLGB is less endowed or has seen considerably less exploration? Aurion has attracted capital because the market thinks it may be on the verge of demonstration that sufficient exploration will reveal the CLGB to have a gold endowment similar to Abitibi, with Risti itself representing the scale of the Timmins district. In 2019 Aurion is starting with a 10,000 m drill program aimed at showing that high grade zones do hang together. This was the initial hope with the Cheechoo project of Sirios that never panned out. A less disappointing outcome would be that Risti is like the Windall project of Osisko Mining which is also billed as a mis-understood Timmins district. The result of more than $200 million poured into Windfall by Bay Street is not what we hope to see Aurion accomplish at Risti. For now we can still dream that Risti is a Timmins district in the making. (Jul 11, 2019)
Disclosure: JK owns Sun Metals; Sun Metals is a Fair Spec Value rated Favorite; Aurion is fair Spec Value rated

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