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Gold Ventures 🟡 Profile picture
@TheLastDegree
Nov 29, 2022 • 8 tweets • 4 min read • Read on X
Scrolly
This company is awakening a US silver asset that was heading for production in the 80s

At the time those plans were abruptly stopped as silver crashed 85% to below $5/oz

Over 300 historical drill holes up to 1,700g/t Ag PLUS a resource

Currently for an EV of $7.5M 👇🧵

/1 Image
The Hercules Silver project is an advanced stage silver exploration project in Idaho, one of best jurisdictions worldwide

Currently explored by Hercules Silver

Company had a makeover in recent months:
New asset
New CEO
name change
and stronger technical team

2/ Image
Tom Hendricksen, renowned geologist recently added to team

Awarded for discovering and exploring Hod Maden, Constancia and Zafranal deposits

Currently working as consultant for Coeur Mining and more

From Idaho and did his PhD thesis on...

🥁

The Hercules Silver project

3/
Project itself saw no modern exploration in 30 years and the company is currently doing a 3D IP survey and drilling the historical resource (7Moz @ 106g/t Ag non 43-101 compliant) + stepouts

Phase 2 drilling in spring will test new targets based on IP results and sampling

4/ ImageImageImage
Historic drill results:

30.5m of 335.6g/t silver (4.3g/t AuEq)
47.2m of 377.5g/t silver (4.84g/t AuEq)
27.4m of 394.3g/t silver (5.06g/t AuEq)
15.2m of 770g/t silver (9.87g/t AuEq)
45m of 380.3g/t silver and 3% zinc (6.99g/t AuEq)

/5 Image
Surface sampling has shown lots of smoke:

Elevated silver (604g/t) and zinc (2.83%) values stretching an area of 5km...

and discovered a copper gold porphyry target, away from previous drilling. This will get targeted in phase 2 drill program in Spring '23

/6 ImageImageImage
15% held by insiders, CEO >7.5% and bought $46K CAD YTD

Awaiting drill assays and results from 3D IP survey. These latter will guide phase 2 drilling in spring and will see a large portion dedicated to the copper gold porphyry target

This won't stay at an EV of $7.5M

/7
The company i have been talking about is Hercules Silver.
$BIG.v
#FF @HerculesSilver_

/end Image

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More from @TheLastDegree

Gold Ventures 🟡 Profile picture
Dec 29, 2023
with a few hours to go, it's time to wrap the year.
Finishing YTD at +129.6% 🙏

$GDXJ ended +6.5%, $SILJ minus 5.1%

took some time to write down what i did different
1/
First, letting my winners ride. The single most important one in discovery investing. Evaluate the case and don’t be shy to average up when the co is as cheap as it was when trading 5x lower. My winners became OUTSIZED winners. multiple 2x and a few home runs 10x plus stocks.
2/
Pressing the bet / averaging up when evidence or breadcrumps are mounting. While I rarely did this before, I bought like mad on BRW when it was 30-45c, and in Hercules when it sold off to 18c it was clear they had hit something special from two press releases.
/3
Read 12 tweets
Gold Ventures 🟡 Profile picture
Dec 1, 2023
Gold attacking ATH's.
While a lot of investors are focused on Silver, i proved over the last year as much money can be made by carefully selecting Gold Juniors.

here is my top 5 for 2024 ranked in terms of position size. Always DYODD
👇
1/5FDR.v Suriname – very aggressive exploration, doubling in 2024 – multi-million ounce potential over two sites - super short assay time - bi-weekly news flow – majors sniffing around – supertight share structure - very sexy buy-out target Image
2/5 IGO.v Canada Southern B.C (almost year-round drilling) – predictive vein system – consistently adding ounces – resource at 5g/t Gold – potential porphyry as bonus - tight share structure - very sexy buy-out target for Artemis Image
Read 7 tweets
Gold Ventures 🟡 Profile picture
Nov 29, 2023
The helicopter survey confirms data that says the claystone model within the entire basin is highly prospective….13 newly identified targets.  All 4,800 hectares $GMV.v

Tacker pass 2.0?
Add to this the historical encountered grades of 20.000 ppm Li (ten times the average of Thacker Pass)

a 10 m thick unit would present approximately 2.5 x 10 x 48,000,000 tonnes ~ roughly 1.2 billion tonnes

In my humble opinion we are sitting on a monster here.
A whole Caldera full of (high grade) Li?

Current value covered by Top Hat which has an NPV of 10 times the current Mcap.

In my (biased and humble) opinion this could be a 100 bagger 🤑💣

Drilling next. Cashed up 🔥🔥🔥 Image
Read 4 tweets
Gold Ventures 🟡 Profile picture
Oct 28, 2023
memories of a miners' madness cycle

miners tend to be a very poor investment, most of the time
except for some periods: we are at the edge of new miners' madness.

miners' madness arises when A) gold makes all-time highs + B) there is a very long base.
/1 Image
Wrong examples are often cited. the right examples are so long ago that only veterans remember them.
Historically, there are only 2 previous times where both Gold made ATHs after a very frustrating baser building combined with a long-stretched downward trend in miners.
/2 Image
The 1970s may be the best comparison, in terms of inflation and how the miners behaved.
Until the very last day, they were bleeding.
Total lack of interest.

And then: BOOM
the average Jr had a return of 2318% this period, majors did x10
/3 Image
Read 6 tweets
Gold Ventures 🟡 Profile picture
Jul 24, 2023
Well, we already know how this ended 🥳

Snowline is putting out banger holes at a rapid pace now

Filling in gaps + stepping out at Valley

In coming weeks they'll drill 3 other targets, 2 of which were never drilled before

/1

$SGD.V
@SnowlineGold
The 1st hole of the Valley drill season yielded:

418.3m of 1.88 g/t Au incl 216.0m of 3.1 g/t Au !

Followed up by a hole that extended the near-surface high grade corridor by 75m:

414.5m of 1.53 g.t Au incl 143.5m of 2.92 g/t Au
So far 8,000m drilled ➡️15 results pending

/2 Image
On the above plan you can see where they drilled (blue dots)

The coming results will significantly grow Valley and I've no doubt we'll see more barn burners

It's also apparent they improved turnaround time for assays this year, so expect frequent updates on their drilling
/3 Image
Read 8 tweets
Gold Ventures 🟡 Profile picture
Jun 14, 2023
As planned, the publication of last season's drill results is neatly followed up by the start of a new drill program

Drills are turning again at both the 1.4Moz Taurus deposit at Cassiar North as well as Cassiar South project

$GLDC.V
@CassiarGold

/1
To reiterate: Cassiar's projects saw historical production and have infrastructure both on and in the vicinity of projects

-A highway going through
-160km of property road access
-An airstrip
-An own & permitted 300tpd mill
-Camp site with power and water

+ Mining permits!
/2 Image
The company plans to drill a large 20,000m with 3 diamond drills

They currently have 2 active drills at Taurus, one of which will shift to drill regional targets starting Q3
The 3rd rig is firing up just about now and will test HG vein targets (10-20g/t Au) at Cassiar South
/3 Image
Read 8 tweets

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