We are initiating coverage on Klondike Gold Corp. (TSXV:KG) with a BUY rating and a target price of C$0.50/sh representing 113% upside from the current share price. The company holds a 100%-interest in the Klondike District property, which covers the area that was at the center of the historic Klondike Gold Rush. After demonstrating that the Klondike does in fact host bedrock Au through significant drilling since 2015, the company is aiming to delineate a maiden resource at the property in 2022. In our view, Klondike Gold offers investors the opportunity to get in before 2021 drilling and a maiden resource estimate at the Klondike District property in 2022 that we believe could outline an initial resource of ~0.5M oz Au that could then grow to +2M oz Au with additional drilling.
Kootenay Silver Inc. (TSXV:KTN) – Building a Significant Silver Resource Base in Mexico
We are initiating coverage of Kootenay Silver Inc. (TSXV:KTN) with a BUY rating and a C$3.50/sh target price. Kootenay is an exploration...
