Erik Wetterling – Talking Stocks – Updates on Juggernaut Exploration, District Metals, and Lion One
– Juggernaut Exploration Ltd (JUGR.V) (OTCQB: JUGRF) reported that drilling has recently commenced on its 100% controlled Midas property where drill hole MD-24-47, the first drill hole of the season collared from the Kokomo showing, has intercepted 2 meters of semi-massive sulphide (5-7% pyrite, 2% chalcopyrite and 1% sphalerite) within a broader interval of 84.50 meters. We discussed how this would be prospective for #gold, #copper, and #zinc mineralization.
– District Metals Corp. (TSXV: DMX) (OTCQB: DMXCF) reported on assay results for the six drill holes (extension of TOM22-037B, TOM24-039 to -043) from the Spring 2024 drill program at the high grade polymetallic Tomtebo Property located in the Bergslagen Mining District in south-central Sweden. Drill holes TOM24-041 to -043 targeted the Steffenburgs Zone massive sulphide lens down-dip beneath holes TOM21-025, -028 and TOM22-038, which were highlighted by down hole intercepts of 14.3 m at 14.2% Zinc Equivalent (ZnEq) (210.0 to 224.3 m), 30.05 m at 10.9% ZnEq (148.35 to 178.40 m), and 25.5 m at 8.2% ZnEq (249.0 to 274.1 m), respectively.
– Lion One Metals Limited (TSXV: LIO) (ASX: LLO) (OTCQX: LOMLF) announced the Company has closed the fully-subscribed upsized brokered private placement financing (the “LIFE Offering”) previously announced on July 18, 2024 and July 19, 2024 by issuing 27,027,027 units of the Company at a price of C$0.37 per Unit for aggregate gross proceeds of C$10,000,000. Concurrently with the LIFE Offering, the Company completed, a non-brokered private placement of 4,458,352 Units on the same terms as the LIFE Offering, for gross proceeds of C$1,649,590.24 (the “Sidecar Private Placement”) and together with the LIFE Offering, in aggregate issued 31,485,379 Units for gross proceeds of C$11,649,590.24.
