Categories: Base Metals / Energy / General Market Commentary / Precious Metals
Topics: General Base Metals / General Energy / General Market Commentary / General Precious Metals

RSD Weekly Recap: Millrock Resources (TSX-V: MRO), First Cobalt (TSX-V: FCC), Almaden Minerals (TSX: AMM), Blue Sky Uranium (TSX-V: BSK), Otis Gold (TSX-V: OOO)

This is Gerardo Del Real with the Resource Stock Digest weekly recap.

Gold closed at $1,316 an ounce for the week, a weekly loss of 1%.

Silver settled lower as well, closing at $16.33 an ounce for a weekly loss of 1%.

The dollar settled higher, closing at 90.41 for a weekly gain of 1.5%.

Copper settled at $3.06/lb., losing 0.12 cents for the week.

Platinum settled lower, losing 2.4% and closing at $963 an ounce.

Palladium also closed lower and was down 6.6% for the week.

Zinc closed at $1.57/lb. for a weekly loss of 2.5%.

Oil lost over 9% last week, closing at $59.05 a barrel.

Uranium also closed lower, settling at $21.33/lb. for a weekly loss of 5%.

I had the pleasure of catching up with Millrock Resources (TSX-V: MRO) CEO Greg Beischer. Millrock continues to execute the prospect generator model and most recently struck a deal to vend its exploration projects in British Columbia’s Golden Triangle District to Sojourn Exploration. Greg shared the details of the transaction as well as the dream team of BC geologists Sojourn has assembled.

First Cobalt (TSX-V: FCC) CEO Trent Mell updated us on the recent results in Ontario. First Cobalt hit high-grade cobalt, broad mineralization, and near surface cobalt and silver.

I also talked with Almaden Minerals (TSX: AMM) CEO Morgan Poliquin. Almaden recently made a big hire, appointing Laurence Morris as VP of Projects and Operations. Mr. Morris has the experience and credentials to move the Ixtaca Project from feasibility through to production.

Blue Sky Uranium (TSX-V: BSK) CEO Niko Cacos went over the latest drill results from the Amarillo Grande Project. The assays intercepted high-grade uranium over significant widths. Keep an eye out for the release of a maiden resource in the next month.

Lastly, Otis Gold (TSX-V: OOO) CEO Craig Lindsay talked about the upcoming catalysts at the Kilgore Gold Project in Idaho. An updated resource estimate will be out in the Spring and should exceed a million ounces.

That’s all for now. This is Gerardo Del Real with the Resource Stock Digest weekly recap.