Dave Erfle – Site Visit Recaps From Discovery Silver and Vizsla Silver
Dave Erfle, Founder of the Junior Miner Junky, joins us to review 2 recent site visits to the projects at both Discover Silver Corp (TSX.V: DSV) (OTCQX: DSVFF) and Vizsla Silver Corp (TSX-V: VZLA) (NYSE: VZLA). We discussed the attributes of both companies that Dave was impressed by, and also dove into the kinds of benefits that come from doing an in-person site visit, over just researching a company via press releases or even in one-on-one meetings.
*In full disclosure, both Dave and Shad are shareholders of both Discovery Silver and Vizsla Silver.
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I own both. & yet there they sit, like bumps on a log….
Vizsla is +100m. Not 50.??
Ulf the Wolf – Yeah, I was thinking the same thing when Dave mentioned only 50 million ounces , but I didn’t want to correct our guest that it was over 100 million ounces of silver equivalent at the last resource estimate (which doesn’t include all the drilling they’ve done since then).
They have 61.1 million ounces of silver equivalent in the indicated category, and 45.5 million ounces of ag/eq in the inferred category ~ 106.6 million total ag/eq in all categories.
Now, they do only have 30.5 million ounces of actual silver in indicated and 24.7 million ounces of silver in inferred… so 55.2 million ounces of just silver…. somaybe that is what he meant.
Page 10 on the most recent Vizsla Silver Corporate Presentation outlines their resources:
https://vizslasilvercorp.ca/site/assets/files/5345/vizsla_ppt_october_2022_final_v2.pdf
Yes, you are correct. Vizsla has defined 100m oz of silver. My apologies!
Thanks for all the great info from your site visit. Thanks also for your contributions for many years.
+1 Lakedweller2. We are blessed to hear from the Junior Mining Junky each week and get his insights, as a true friend of the show. Dave is a solid guy for sure and his over the shoulder service is top notch.
Your comments are much appreciated Ex, along with all the thought provoking feedback from sharp and informative KER listeners over the years. You are truly blessed with consistently cordial and concise commentary from the KER listener base. along with myself for receiving the same courtesy from JMJ subscribers.
Thank you for listening Lakedweller2, and providing thought provoking feedback over the years!
Possible Geopolitical Shift!
Moscow Plans to Shift EU Export Routes to Turkey
Gazprom wants to rearrange its natural gas pipeline transit routes to Europe through Turkey after the two Nord Stream pipelines were damaged in an apparent sabotage attack. Aside from Nord Stream, which connected Russia directly to Germany under the Baltic Sea, the two remaining export routes for Russia run through Poland and Ukraine, two of Moscow’s and Gazprom’s fiercest opponents. If the plans materialize, it could bolster Turkey’s ambitions to become a significant regional gas hub.
https://www.energyintel.com/00000183-e5c6-d82d-a3fb-f5d7858c0000
Just in case you missed it……….. which I am sure some have not……. 🙂
China’s Zijin Mining buys Iamgold’s Rosebel gold mine in Suriname
Iamgold Shares Surge on Sale of Suriname Mine to China’s Zijin Mining
By Ruhi Soni
Reuters
via Nasdaq.com
Tuesday, October 18, 2022
Canadian gold miner Iamgold Corp. shares surged 16% today after it decided to sell 95% stake in Rosebel Gold Mines unit in northeastern Suriname to China’s Zijin Mining Group Co. Ltd. for about $401 million.
The Toronto-based company said the proceeds from the sale will be used to construct its flagship Cote Gold project in Canada so that it can stay on track to begin production in early 2024.
Thanks OOTB. That was big news on that acquisition of Iamgold’s Rosebel gold mine by Zijin Mining, and another positive for the sector.
KWN………………. just info ………. check the date……
Set For A Big Rise In The Price Of Gold
October 8 (King World News) – Eric King: “Pierre, since you and I think we’ve seen that capitulation phase sort of similar to late 2015/early 2016 and you think the bottom is in for gold, we had that $1,670-$1,680 low in gold and it just looked to me like they were going to take that out and create panic and of course they did. And now the gold price has snapped right back and the banks were buying the dip pretty aggressively — so were the commercials and swap dealers. So now the COT (Commitment of Traders Report) is cleaned up and everybody is set for a big rise in the price of gold. What do you think we are going to see as we head into the end of the year?”
$2,000 Gold
Billionaire mining legend, Pierre Lassonde: “I’m quite optimistic frankly about the next six to nine months and I think we will see the price of gold rally to what we saw in 2020 which was around the $2,000 area. An
Thanks for the interview. Have been looking at Vizsla for a while.
Did a little musical chairs with my silver holdings ending in being back in Blackrock and Discover, and adding to Silver Tiger. Also bought Surge Battery (Lithium in Nevada) for the first time based on some interesting drill/sample results. In the debate between Discovery and Vizsla, I thought it best to own both recognizing that Discovery is bigger and closer to development … but Vizsla is on the way and seems to be always hitting something good.
Also added some Kootenay at cheap and then added a few Viva Gold and a few more Surge as the runup fell back a little.
Back into Ridgeline and Clean Air Metals.
Excellent interview of David. Very timely information and valuable.