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BREAKING NEW GROUND: 9 juniors drilling untested targets

Here’s a round-up of juniors doing some fresh drilling. Targets that have largely gone undrilled.

Drilling now, or very soon, on targets that haven’t been drill-tested before. That’s my focus here. The exploration round-up below covers nine junior explorers that have now active drill programs (or in one case a drill program that is just about to start) in which they target completely, or largely, undrilled anomalies. Please note, the list isn’t comprehensive. It’s sourced to the best of my knowledge.

In the Brunswick Camp, Stratabound Minerals is drilling VMS targets at its CNE and Captain projects in New Brunswick.

“We’re testing a variety of geophysical targets all of which are in the right stratigraphy for Brunswick Camp-type deposits,” says Stan Stricker, Stratabound Minerals President and CEO, referring to the camp famous for the Xstrata’s Brunswick 12 lead-zinc mine.

He adds: “All blind targets. None of them reach surface. We hope to get lucky on one of them.”

Stratabound is drilling on its own ground as well as on claims it has under 65-percent option from Commander Resources.

TSX-V: SB (Stratabound)
C$3.9 million marketcap
78.4 millions shares
C$0.05 shareprice at presstime

TSX-V: CMD (Commander Resources)
C$4.5 million marketcap
100.5 million shares
C$0.05 shareprice at presstime

Redhawk Resources is looking for new mineralization near its Keel-American/Eagle copper-deposit in Arizona. It’s drilling a few drillholes a couple kilometres to the northwest of the deposit and about 300 to 500 metres away from previous drilling on the periphery of a copper anomaly.

“Surprisiginly, there’s no drilling in it,” says Joe Sandberg, Redhawk Resources President and CEO.

Previously Redhawk had put its focus on defining its resources. But now Sandberg says it’s back looking to see if it can find more copper mineralization in the district. Results are to come out sometime in the first quarter.

C$34.5 million
157.5 million shares
C$0.22 shareprice at presstime

Revolver Resources has an area play on Colorado Resources’ North Rok copper-gold discovery in BC. Revolver is drilling the Summit B project. It’s contiguous with Colorado North Rok claims and under 60-percent option from Pistol Bay Mining. Revolver says it has mobilized a drill rig to Summit B and plans to drill 1,000 metres on a 2,000 by 500 metre geophysics anomaly, which is coincident with anomalous copper-gold at surface.

TSX-V: RZ (Revolver)
C$1.5 million marketcap
37.5 million shares
C$0.04 shareprice at presstime

TSX-V: PST (Pistol Bay)
C$640K marketcap
18.4 million shares
C$0.04 shareprice at presstime

GTA Resources and Mining has another area play next to Zenyatta’s Albany graphite project in Ontario, which was one of the more important discoveries of 2012. On the Auden project, GTA is drilling what it sees as similar electromagnetic anomalies to those that led Zenyatta to its Albany discovery. Drilling results are to come out “towards the end of the month,” says Wayne Reid, GTA President and CEO, who also confirmed the targets had yet to be drilled.

C$4 million marketcap
26.7 million shares
C$0.15 shareprice at presstime

Darwin Resources continues to drill its Suriloma gold-silver project in Peru. Last year it did some shallow drilling which confirmed extensive gold-silver anomalies at surface that it had earlier defined through trenching. But it’s after something bigger with two drillholes testing a deeper IP target beneath its gold-silver intercepts. It’s doing 800 metres in the two drillholes (Check out a November 2013 presentation with interpretive cross section explaining the Darwin thesis). Darwin has said drilling results are to come out around the end of January.

C$1.7 million marketcap
33.7 million shares
C$0.05 shareprice at presstime

And in a couple weeks:

Azincourt Uranium and Fission 3.0 are to start drilling a Patterson Lake South area play on the Patterson Lake North property. Its Fission 3.0’s property under 50 percent option by Azincourt. By the way, Fission 3.0 is a spin-out from Fission Uranium, which owns – and helped discover – the Patterson Lake South uranium deposit in the Athabasca Basin.

There is some light drilling by Fission Uranium on the Patterson Lake North project. Fission 3.0 and Azincourt are following up on previous targets and hitting some new areas.

“We expect to start our 2,500-3,000 metre diamond drilling very soon – certainly by mid-January,” says Ted O’Connor, Azincourt’s President and CEO, by email.

C$11.4 million marketcap
37.7 million shares
C$0.31 shareprice at presstime

C$27.5 million
153 million shares
C$0.18 shareprice at presstime


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