2023-04-16 16:46:01
Message from Management
Dear Reader,
First of all, I want to thank you for your continued support and interest in Discovery Group and its member companies. It is a pleasure to welcome you to the first issue of Discovery Digest, each one of which will be released every quarter. I hope that you find this newsletter helpful in providing you with an at-a-glance view of all of the work that is being done within our companies.
The last year at Discovery Group was full of great changes, project advancements, and has seen some highly celebrated successes added to the track record of accomplishments since 2016, in this sometimes challenging industry. In addition to very positive member companies’ news – including some large acquisitions, financings, and management changes – Discovery Group now has an in-house team dedicated to assisting our companies in keeping shareholders informed, and maintaining the relationships that have been built with them. This is so that the executive and technical teams can focus on what’s most important and essentially, “the name of the game” – which is active exploration and making discoveries!
Discovery Digest itself aims to provide readers with overviews of each company’s project growth and news, and will showcase the events that our companies will be participating in. We have also been working on a few initiatives that will help us inform our shareholders about the processes, technology and strategies behind our exploration work programs. More information on those initiatives are to come soon so keep an eye out through this publication or on our social media channels!
To say that I am proud to be a part of Discovery Group and to work with the amazing teams in each member company is an understatement. I am excited to share all the insights and updates with you this coming year through this newsletter.
Please get in touch by signing up, or send me an email anytime.
Si2 project: Geologic similarities to Silicon
Why are investors paying attention to the Si2 Gold project? K2’s President & CEO, Anthony Margarit, provides a thorough overview of the project’s geology and its strong similarities to AngloGold Ashanti’s Silicon Project.
Elemental expands North American royalty presence
On Feb. 21, Elemental Altus announced the completion of the acquisition of 19 new royalties. This acquisition expanded the company’s North American royalty presence, with an additional 5 royalties in Canada and the US, and increased the global royalty land coverage by 20%.
GXX Reports Multiple High-Grade Surface Gold Results at Red Cloud and PLM
On March 22, Gold Basin announced preliminary results from the Phase 2 resource definition RC drill program at the Company’s 100%-owned Gold Basin oxide gold project in Arizona. A total of 5,004.8 metres were drilled in 41 RC drill holes with a focus on resource definition at the Red Cloud, PLM, Stealth, and portions of the undrilled gaps in between them. Assay results for 29 holes have been received in full, with 12 holes pending.
Upcoming Events
Capital Event CEM
Scottsdale, Arizona
April 14-16, 2023
Precious Metals Summit
Beaver Creek, Colorado
September 12-15, 2023
New Orleans Investment Conference
New Orleans, Louisiana
November 1-4, 2023
Gallery
On January 26th, Discovery Group hosted an After-Market Social Event at Hydra Estiatorio, in Vancouver, Canada. Great opportunity to connect with industry colleagues and friends.
John Robins, Discovery Group’s Co-founder & Principal, won AME’s Murray Pezim Award. He was recognized for his significant contribution to advancing the financing of numerous mineral exploration and development projects.
Discovery Group attended PDAC at the beginning of March. From left: Anthony Margarit, President & CEO of K2 Gold, and John Robins, Discovery Group’s Co-founder & Principal.
In The News
March 27
Prospector Metals Closes $1.14 Million Flow-Through Private Placement
March 21
Kodiak Copper to Commence 2023 Exploration Program at Its MPD Copper Gold Porphyry Project
Discovery Index
(as of March 31, 2023)
Discovery Group Total Market Cap: $507.90 M
Discovery Group is an alliance of public companies focused on the advancement of mineral exploration and mining projects with a proven track record of generating shareholder value through responsible, sustainable, and innovative development. Discovery Group companies have generated over $500M in direct and indirect expenditures resulting in +$2.6B in M&A activity, with notable recent successes being the sale of Great Bear Royalties to Royal Gold Inc., Great Bear Resources Ltd to Kinross Gold Corporation, the sale of Northern Empire Resources Corp. to Coeur Mining Inc, and the sale of Kaminak Gold Corp. to Goldcorp Inc.
Current Discovery Group member companies include: Defense Metals Corp., Elemental Altus Royalties Corp., Fireweed Metals Corp., Gold Basin Resources Corp., Kodiak Copper Corp., K2 Gold Corp., Prospector Metals Corp., and ValOre Metals Corp.
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