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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.
Highway 50 Gold Corp has been featured on DW since early 2017 based on the potential of the 50% optioned Monroe project in southeastern British Columbia to deliver a Sedex type zinc-lead-silver discovery comparable to the 150 million tonne Sullivan deposit about 35 km to the north. The geological drivers behind the Monroe story are brothers John and Gordon Leask for whom this is their second crack at trying to find Sullivan 2 in this area. They are both the underlying owner of the Monroe property and the biggest shareholders of Highway 50. The property has over 50 holes into it, but the last dozen since Highway 50 started in 2017 have been deeper and have vectored in on a target area beneath 700 m which the Leasks estimate has a footprint about half the size of Sullivan. A deposit half the size of Sullivan with similar grades would be a world class discovery worth $1 billion plus. The target's location under Monroe Lake and the bounding faults of the target's sub-basin present technical challenges for angled holes to reach the target. While programs in 2017 and early 2018 beefed up the target, the program in late 2018 failed to reach this "make or break" target. A new round of drilling started in September 2019 missed the target with a successful hole while the second hole was lost well short of the target. Highway 50 will be short $900,000 of the $2.9 million expenditure deadline in May 2020 so there is a risk of default unless the Leasks grant an extension to Highway 50. The Golden Brew project in Nevada was introduced to DW in 2019 when after many permitting delays Regulus was able to test a fairly deep gravel covered horst block to the west of minor gold mineralization in the range front. This play is near the former Carlin-type Quito Mine and is at the southwestern limit of the 42-25 million year Carlin deposition window. Drill results in August 2019 were disappointing and at the end of October 2019 Regulus dropped the option. The Leasks remain convinced that this is the best area for a major Carlin type discovery outside the trends already controlled by the Nevada Gold JV (Barrick-Newmont). Given that Highway 50 will have negative working capital approaching $1 million by 2019 year end, much of it loaned by the Leask brothers who will retain 100% of Monroe unless the deal is modified, Highway 50 for now no longer qualifies as a Discovery Watch junior. (Dec 4, 2019)
