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Traders and Investors,

We have some solid gains last week, and by the looks of some of the tickers under review on my desk right now, this coming week should be even better.

It all kicks off tomorrow with a low float "IPO style" mining play that I picked up on my volume radar last week, which coincided with a press release with a corporate update the Company issued to the market.

Get Kesselrun Resources, Inc (KSSRF) on your screen now.

KSSRF is a fresh new play, hardly been touched. Which is great news for us. It's why I say its "IPO style".

It's a play that has all the look and feel of a "ground floor entry".

Last week KSSRF issued a corporate update and it traded above $0.10. Now its trading back at just a tick over $0.08. And as far as I can tell, it hasn't traded below this level in over a couple of months.

And with a resurgent resources market, now could be the time to dip our toes in a low float resources company that is well and truly trading under the radar.

We think this could be the right time to get in ahead of the crowd.


Kesselrun Resources, Inc (KSSRF) is a Thunder Bay, Ontario-based mineral exploration company focused on growth through property acquisitions and discoveries.

The Company currently has two main projects on the go, Bluffpoint and Huronian.

KSSRF's 100% owned flagship Bluffpoint Gold Project is located in Northwestern Ontario’s Wabigoon Subprovince, host to several recent gold discoveries such as New Gold’s (TSX: NGD) Rainy River Project and the Hammond Reef Project (50% Agnico Eagle/50% Yamana Gold).  Accessible year round by a network of well-maintained logging roads, Bluffpoint offers low cost exploration in an emerging prolific gold district.

KSSRF also have a 100% interest in the Huronian Gold Project, located in the prolific Abitibi/Wawa Subprovince, host to the Wawa, Timmins, Kirkland Lake and Val D’Or gold camps. 

Located just 100 km west of Thunder Bay, Huronian hosts a former producer and is adjacent to the Moss Lake Gold Deposit with a positive PEA.  This property has 153 unpatented mining claims, 4 patented mining claims, and is ideally located close to highway, power and natural gas pipelines.

KSSRF's management team possesses strong geological and exploration expertise with particular experience in Northwest Ontario.

Michael Thompson, its Director, President and CEO is a founding partner of Fladgate Exploration Consulting Corporation of Thunder Bay, Ontario, the largest, full service, mineral exploration consulting firm in Northwestern Ontario. 

With 20 years of mineral exploration experience, Mr. Thompson specializes in structural interpretation of gold deposits and has both gold and base metal exploration experience with Teck Resources, Placer Dome and Goldcorp.  He holds an Honours B.Sc. in Geology from the University of Toronto and is a professional geologist in good standing registered in Ontario.  Mr. Thompson sits on the boards of Fairmont Resources Inc. and Red Metal Resources Ltd.

You can learn more about KSSRF at their website http://kesselrunresources.com

As I mentioned earlier, KSSRF announced a corporate update to the market last week. Specifically, they announced the following:

Settlement with First Mining

Kesselrun has now received 4.7 million First Mining Finance Corp. ("First Mining") shares and CDN$200,000 as per the settlement with First Mining detailed in Kesselrun's news release dated July 5, 2017.

Huronian Project

Structural and alteration mapping continues (see Kesselrun news release May 23, 2017) and results so far have aided in target selection. Channel sampling has commenced on historic trenches where only sporadic sampling was conducted. A trenching program is scheduled to begin once targets have been finalized. Drill testing of targets is planned subsequently with the goal of an eventual NI 43-101 compliant resource estimate.

The Huronian Project hosts numerous significant gold zones including the past producing Huronian Mine that produced 29,629 ounces gold and 170,463 ounces silver from 143,724 tons from 1932-1936 (Ontario Ministry of Northern Development and Mines Production Records). The project also covers the southwest strike extension of Wesdome Gold Mine's Moss Lake Gold Deposit. The Moss Lake Gold Deposit hosts an NI 43-101 compliant resource estimate of 40 million tonnes at a grade of 1.1 g/t (1,377,300 oz Au) Indicated and an additional 50 million tonnes at a grade of 1.1 g/t (1,751,600 oz Au) Inferred (Moss Lake Gold Mines NR February 20, 2013) as well as an NI 43-101 compliant Preliminary Economic Assessment (Moss Lake Gold Mines NR July 29, 2013).

Bluffpoint Project

Sample results outlined in the news release dated May 30, 2017 have been incorporated into the mineralization model and targeting has been completed. Plans for exploration are being formulated and may include trenching and drilling.

The Bluffpoint Project is located approximately 50 km northeast of, and on the same structural trend as, New Gold's Rainy River mine which is currently under construction. First production at Rainy River is estimated for September 2017 at a rate of 325,000 ounces per year (see New Gold's January 30, 2017 news release). Kesselrun's management believes Bluffpoint has all the ingredients to host a major gold deposit and continues to move the project forward.

Michael Thompson, President & CEO commented, "The proceeds from the settlement with First Mining afford Kesselrun the ability to continue with our business model without dilution to existing shareholders. We look forward to advancing our current projects and the possibilities afforded with the proceeds of the First Mining settlement."

Michael Thompson, P. Geo., President and CEO of Kesselrun, is the Qualified Person responsible for the project as defined by National Instrument 43-101 and has approved the technical information in this news release.
 

In Summary...

We love the look of this fresh new trade idea. 

KSSRF has a very small market cap of just $2.7m, and is trading well below its recent highs. 

The Company just released an important news catalyst last week that, judging by the increased trading volume, certainly got the attention of the market.

We think with this solid technical setup, low float, a bullish resources market and recent news from the Company, KSSRF has the potential to deliver significant upside in the near term.

Make sure you do your research and be ready for the market open on Monday.

 

 

Remember our key trading rules when trading. Capital preservation is key. Keep your stops tight, and if things don't go your way, cut your losses and look for another opportunity.