StockWireNews

(WALRF) Displays Breakout Potential Backed By Multiple Driver Indicators Including Recent Acquisition News

U.S. Symbol: (WALRF) - Canadian Symbol (WAL)

December 21st

Good Morning,

Did you see VUZI last week?

After I alerted it around Wednesday's opening bell, it opened that day at $5.65 and hit a 52-week high Friday of $9.24.

Overall, that run by VUZI resulted in a short-term burst of approximately 63%.

But, that was then. This is now...

I've discovered a new under-the-radar idea that you need to get on your radar this instant.

My new profile is a junior explorer with properties next to some big industry titans. All it may take is one big "strike" and this company could draw direct attention from Wall Street's elite.

During the better part of this year, we've been witness to economic and political disruptions along with a lack in global health as the pandemic has changed life worldwide. With everything that has taken place, investors have flocked to safe-havens to diversify their portfolios.

Gold & Silver Markets - Potential Driver Indicators

In doing so, Gold has seen its price sky-rocket to all-time highs in 2020 at over $2K an ounce at points.

At the beginning of the year, you could find silver's price to be in the high $17 range before making a move all the way to $29 in August. Silver had not been that high since 2013.

Though there has been a slight correction in both gold and silver prices towards the end of 2020, analysts are pointing towards 2021 as a potential 2nd boom for each metal as economic uncertainty still looms.

According to CNBC, "Goldman (Sachs) expects the metal to average a price of $2,300 per ounce in 2021, up from its predicted average of $1,836 per ounce this year."

Ole Hansen, Saxo Bank’s head of commodity strategy, describes "silver as 'gold with a little bit of a rocket attached,' as it tends to rally 'higher and faster' than its pricier peer."

Hansen also says, "But the fact that the silver price is still only halfway to its record high of over $48 in April 2011, while gold has already topped previous records, is helping attract inves*tors to the former."

As analysts provide a picture of both gold and silver prices to have substantial upside potential in the near term, one junior explorer needs to garner your full focus at the moment:

Walcott Resources Ltd. (WALRF)

Walcott is a British Columbia based company involved in the acquisition and exploration of mineral properties in Canada and Australia. The Company holds an option to acquire a 100% undivided interest, subject to a 1.5% NSR on all base, rare earth elements and precious metals, in the Cobalt Hill copper-gold-cobalt property consisting of eight mineral claims covering an area of approximately 1,727.43 hectares located in the Trail Creek Mining Division in the Province of British Columbia, Canada.

In addition, the Company has acquired 60% of two silver assets in Australia - the Tyr Silver Project in northern New South Wales and Century South Silver-Zinc Project in north-west Queensland.

Walcott also trades on the Canadian Securities Exchange under the symbol (WAL) and on the Frankfurt Stock Exchange under the symbol (WR2).

Potential Driver Indicator: Oversold Technicals/Potential Reversal

Right now, WALRF has several oversold leaning technicals that could be lining it up for potential reversal in the short-term.

Here's Investopedia's definition of a reversal:

"A reversal is a change in the price direction of an asset. A reversal can occur to the upside or downside. Following an uptrend, a reversal would be to the downside. Following a downtrend, a reversal would be to the upside. Reversals are based on overall price direction and are not typically based on one or two periods/bars on a chart."

Now, take a look at WALRF's chart and see the recent downtrend over the past few weeks:

As you can see above, after a multi-week downtrend, WALRF has leveled off in recent days which means support could be building for a potential bounce/reversal from current levels.

At 12:00PM EST Friday, these technicals were hovering in or around oversold areas and will be ones to watch closely moving forward (from Barchart):

• 9-Day Relative Strength Index: 23.76%
• 14-Day Relative Strength Index: 31.23%

When these numbers drop down to the 30% range and lower, they can be viewed as being in oversold territory. While in this territory, they can paint the picture of a profile that is undervalued.

• 14-Day Raw Stochastic: 6.14%
• 14-Day Williams %R: 93.86%

As the Raw Stochastic nears the 10% range and lower and the Williams %R nears the 90% range or higher, these technical indicators may also be viewed as oversold and undervalued.

-----

As I mentioned above, WALRF has leveled off after a recent downtrend which means it could be just one news catalyst away from making its way back up the chart.

Could one of WALRF's projects help light the fire to send this profile's share prices vertical? Let's dive in...

Cobalt Hill Project

The Cobalt Hill Property is located 5 kilometres east of Castlegar, BC, and consists of 8 mineral tenures totaling 1727.43 hectares. The Property is owned by Jack Denny of Salmo, BC and is under option to Walcott Resources (“Walcott”) Ltd. of Vancouver, BC, who has the right to earn a 100% interest in the Property, subject to a retained Net Smelter Return.

The Cobalt Hill Property covers a portion of the multi-phase Bonnington pluton, which has intruded sedimentary, volcanic and sub-volcanic rocks of the Jurassic Rossland Group. These older rocks occur as embayments, pendants, and possible fault slices within the pluton, and are typically metamorphosed with relic textures preserved only locally (Caron, 2010).

The property exhibits widespread gold mineralization generally associated with narrow, often wide-spaced quartz veins. This high grade gold mineralization has been found in numerous locations throughout the property and is well described in historic assessment reports filed with the BC Ministry of Energy and Mines.

Numerous old prospect pits, shafts and adits on the Cobalt Hill Property are evidence of the early exploration history in the area, and there is anecdotal evidence of early placer gold mining on McPhee and Champion creeks. The presence of free gold in quartz veins at the Maud S showing has been known since the late 1890s.

Soil sample results from previous soil surveys show significant gold, copper and cobalt anomalies trending through the Property, expanding outward from the areas with known workings. Gold and copper-cobalt associations seen in the soil geochemistry anomalies are also present in rock sample results.

Recent News Could Become Potential Driver Indicator - Encouraging Gold Values

Walcott Resources Announces Encouraging Gold Values Confirmed by 2020 Field Program

Vancouver, British Columbia--(Newsfile Corp. - December 9, 2020) - Walcott Resources Ltd. (CSE: WAL) (FSE: WR2) (OTC Pink: WALRF) (the "Company" or "Walcott") is pleased to report that it has received results from recent rock chip sampling on the company's Cobalt Hill Property located near the City of Castlegar, in Southern BC and is encouraged by evidence of low-grade, bulk-tonnage style gold mineralization within intrusive rocks on the property.

Known gold mineralization on the Cobalt Hill property consists of numerous narrow intrusive-hosted high-grade quartz veins containing visible gold (i.e. Maude S vein: 38.0, 39.0 and 85.6 ppm Au; High Grade vein: 14.4 ppm Au, 38.0 ppm Au, 88.4 ppm Au, 413.0 ppm Au1,2). The 2020 exploration program was directed at assessing the potential for larger zones of low grade gold mineralization on the property, rather than repeat sampling of these known high-grade areas. Geological mapping was completed and a total of 60 rock samples, including field duplicates and independent QA/QC standards of known grade, were submitted for analysis.

Read the full article here.

Potential Driver Indicator - WALRF's Acquisitions Of Two Australian Projects With Historic Mines

Walcott Closes Acquisition of Australian Silver Projects

Vancouver, British Columbia--(Newsfile Corp. - October 15, 2020) - Walcott Resources Ltd. (CSE: WAL) (the "Company" or "Walcott") is pleased to announce that further to its press release of August 13, 2020, it has closed the acquisition (the "Transaction") of 60% of the issued and outstanding shares of 1256714 B.C. Ltd. ("TargetCo") pursuant to a share exchange agreement dated effective August 13, 2020 among the Company, TargetCo and the shareholders of TargetCo (the "Definitive Agreement"). Targetco owns a 100% interest (subject to a 2% NSR) in two prospective silver-zinc projects in Australia, being the Tyr Silver Project and the Century South Silver-Zinc Project.

The Silver Projects

Tyr Silver Project in northern New South Wales has two historic silver mines - Burra and Torny - with potential for high-grade silver zinc-lead-tin mineralization.

The Tyr Silver Project covers an area of approximately 300 km2 in Northern New South Wales comprised of minimal use, hilly pastoral land, mostly cleared and lightly forested.

The tenement was granted in March 2018 and is due for renewal in March 2024.

The Tyr Silver Project delivers upside potential with mineral occurrences apparent along a north-west trend with numerous old workings both along this trend and possibly others.

Notably, the north-west trend is part of a large-scale mineralized system that includes the historic silver mines, which materially boosts exploration upside.

Century South Silver-Zinc Project in the Mt Isa Basin, north-west Queensland, which is under-explored but in a highly prospective region and is along strike from one of the world's largest silver-zinc mines.

Century South lies approximately 8 km south east of the New Century Zinc Mine and is around 250 km2 in size, comprised of hilly, open savannah country.

The tenement was granted in October 2018 and is due for renewal in October 2023.

Both projects are located near established mining infrastructure & accessible port, whilst Australia is a stable, well-regulated, mining jurisdiction.

Read the full article here.

Recently, the company followed up with major updates from the Tyr Silver Project and the Century South Silver-Zinc Project ("CSSZP").

Tyr Silver Project Update

Highlights

• Subsequent to the August 13, 2020 news release announcing the acquisition of two Australian silver projects, Walcott has commissioned its Australian technical team to expedite exploration work on the prospective Tyr Silver Project.
• Building on previous work, the technical team is fast-tracking plans for a site visit to review previously determined prospective silver targets in order to formulate an inaugural drilling campaign.
• Within the Tyr Silver Project are the two historic silver mines (Burra and Torny) which both produced silver, zinc and lead between 1920-35: Adjacent to both historic mines are priority areas earmarked for extensive surface sampling and geophysical surveys to reconcile historic data sets and geological reports.
• A distinctive quality of the Tyr Silver Project is numerous mineral occurrences along a north-west trend that is 20 km in length and 4 km wide.
• The proximity, geology and mineralization patterns indicate that the north-west trend could potentially be part of a mineralized system - including the historic silver mines.

CEO David Thornley-Hall remarked: "The fact there are two historic silver mines and numerous reported mineral occurrences, potentially within a 20 km by 4 km potentially mineralized system, suggests that a considerable future pipeline of work is warranted. Leveraging earlier work, we aim to rapidly deploy field teams to the Tyr Silver Project to commence reviewing preliminary targets and accelerate the formulation of our inaugural drilling campaign."

Read the full update here.

Century South Silver-Zinc Project ("CSSZP") Update

Highlights

• Walcott's CSSZP consists of approximately 277 square kms and is located in a highly prospective region - the Mt Isa Basin which hosts several world-class silver-zinc-lead and copper deposits, yet much of the region remains under-explored.
• The CSSZP is approximately 8km along strike from New Century Resources' (ASX: NCZ) world-class Century Mine that recommenced mining operations in 2018:
• The two projects are on the same regional fault line which is known to control and constrain silver-zinc mineralization in the district;
• Both CSSZP and Century Mine are hosted in the same Lawn Hill Platform which is within the Western Fold Belt; and
• There are similarities between the magnetic / density geophysical characteristics apparent at CSSZP and Century Mine, indicating that the underlying geology might be comparable.

CSSZP is located in a well-established mining district with reliable infrastructure and access to nearby ports. In terms of power infrastructure; 90% the tenement lies within the 10km transmission network corridor as powerlines run through the centre of the EPM26713. The remaining 10% on the easternmost perimeter lies within the 30km transmission network corridor.

• Walcott's technical team plans to undertake a site visit and commence a wide-spread surface sampling campaign, focused along the prospective regional fault.

CEO David Thornley-Hall remarked: "We are excited by the strong fundamentals linked to our Century South Silver-Zinc Project, and we anticipate committing to a significant work program on this property. Accordingly, our Australian technical team have set an ambitious agenda to swiftly and effectively advance towards drillable targets within the tenure."

Read the full update here.

Furthermore, WALRF dropped this little nugget on 12/17/20 about CSSZP:

Field Program and Evaluation Underway at Walcott's Century South Silver Zinc Project

Could this lead to a major find that becomes a catalyst towards fueling a future breakout?

Even More - WALRF Provides Update On Cobalt Hill Property

Walcott Announces Update on Cobalt Hill Property

Vancouver, British Columbia--(Newsfile Corp. - September 11, 2020) - Walcott Resources Ltd. (CSE: WAL) (the "Company" or "Walcott") is pleased to provide and update on exploration activities on the Cobalt Hill Property located near Castlegar in Southern BC.

This 2020 exploration program has been designed to follow-up on zones of known high grade gold mineralization which occur at numerous locations on the property and are well described in historic assessment reports filed with the BC Ministry of Energy and Mines. It will also assess the potential for larger zones of lower grade gold mineralization on the property.

Activities will include compiling historic geochemical, geological and geophysical data along with ground truthing, mapping and sampling to follow-up areas of interest.

One high priority target which has been identified for work in 2020 is a 650 x 100-250 m coincident gold-in-soil geochemical anomaly and magnetic low anomaly located in an area of minimal rock exposure approximately 500 m west of the High Grade zone. Visible gold occurs in a narrow intrusive-hosted quartz vein at the High Grade zone. Numerous historic rock samples collected from the vein have returned high gold assays, including 14.4 ppm Au, 38.0 ppm Au, 88.4 ppm Au and 413.0 ppm Au1,2. The target area west of the High Grade zone which is slated for work in 2020 includes values to 622 ppb gold-in-soil and is untested by previous drilling3. Historic rock samples from within the target area have returned greater than 2 ppm gold from float samples.

A second target for this exploration program is the Meister/Marilyn zone, located 2 km to the west, where historic prospect pits and trenches expose strong sericite alteration with local silicification and quartz veining occurring within a 200 x 100 m area. This zone is located 350 m northeast of the Maud S occurrence, another narrow intrusive-hosted quartz vein on the property which has visible gold and has returned high gold values from historic rock sampling (including 6.4, 7.9, 38.0, 39.0 and 85.6 ppm Au) 1,2. Narrow quartz veins at the Meister/Marilyn zone have also returned elevated gold values from historic samples, including 8.0 and 37.3 ppm Au. A coincident gold-in-soil geochemical anomaly and magnetic low anomaly occurs 200 m to the northeast of the historic Meister pits, in an area of limited rock exposure. Neither the Meister/Marilyn zone nor the geochemical anomaly to the northeast have been tested by drilling.

Read the full article here.

Potential Driver Indicator - WALRF's World-class Management Team

David Thornley-Hall - Chief Executive Officer and Director

David Thornley-Hall is a senior executive with 25 years of diversified experience in the mineral exploration, mining and finance industries. Previously David spent 8 years with Western Potash Corp., most recently as Executive Vice President and Corporate Secretary. He was a leading member of the Commercial Team at Western Potash Corp., responsible for securing over $110Mn in strategic equity investment in two separate transactions, initially with a Chinese State Owned Enterprise and subsequently with a Chinese Private Equity firm. Before entering the mining industry, David worked in the Canadian dollar bond market beginning as a broker on Bay Street and rising to the position of Managing Director of the Canadian business at Exco Shorcan in London England.

Kelvin Lee - Chief Financial Officer and Director

Kelvin Lee has over 15 years’ experience in senior financial positions with a number of listed issuers focused in the mining industry. His responsibilities included development and execution of financial strategy and operations, including regulatory reporting, financial planning and analysis, treasury, tax and audit. Mr. Lee is a CPA, CGA and holds a Diploma in Accounting (Hons) and a Bachelor in Business Administration (Hons) from the British Columbia Institute of Technology.

John Mirko - Director

Mr. Mirko is currently the President, Chief Executive Officer and director of Rokmaster Resources Corp. and a director of the Company. He has extensive experience in mining contracting, corporate finance, acquisitions and as a director and management of mining exploration and producing public companies. Mr. Mirko was formerly a founder and director of Roca Mines Inc., Stikine Energy Corp., Frontier Pacific Mining Corp., Pacific Rim Mining Corp and Auckland Explorations Ltd. He was also a director of Skylark Resources Ltd., Calypso Developments Ltd., and Acme Resources Ltd. Mr. Mirko is currently President of Canam Mining Corp., his private consulting-contracting firm. Mr. Mirko was a recipient of the E.A. Scholtz Award (2008) for Excellence in Mine Development and the 2009 British Columbia Mining and Sustainability Award for the MAX Molydenum Mine.

Mike Cowin - Director

Mike Cowin has years of business and investment experience. He currently serves as a director of Corom Funds Management and as Chairman of Dominos Pizza Japan. He also serves as a director of Rokmaster Resources Corp. (TSXV: RKR), a junior mining issuer. Mr. Cowin also serves as a board member of Bridgeclimb Australia and CTE Investments. Between 2007 and 2018, Mr. Cowin served as a director of Northcape Capital, a boutique investment fund based in Australia.

-----

WALRF Recap - Top Driver Indicators To Watch

1. Reversal Potential/Oversold Technical Indicators

2. Major Acquisition News + Updates

3. A World-class Management Team With Years Of Experience

4. Gold & Silver Markets Have Big 2020's, Analyst Call For Potentially Strong 2021's

-----

Coverage is officially reinitiated on WALRF.

Before today's opening bell, get WALRF on your radar.

Sincerely,

Kai Parker

StockWireNews

Source 1

Source 2

Source 3

(Always Remember The Stock Prices Could Be Significantly Lower Now From The Dates I Provided.)