Kiplin Metals Inc (OTCMKTS:ALDVF) (TSXV:KIP) Stock Jumps: What’s The Buzz?

Mineral exploration company Kiplin Metals Inc (OTCMKTS:ALDVF) (TSXV:KIP) on February 9, 2022 announced exploration plan for wholly-owned Cluff Lake Road Uranium Project in northeast Saskatchewan.

Market Stats

On Wednesday, ALDVF stock gained 6.24% to $0.6760 with more than 1k shares, compared to its average volume of 2.2k shares. The stock moved within a range of $0.6760 – 0.6800 after opening trading at $0.68.

Kiplin Metals to Conduct IP/DC- Resistivity Survey on the CLR Uranium Project, Athabasca, Saskatchewan, Canada

The firm is aiming at finishing detailed IPDC-Resistivity survey pertaining to high priority target zones, identified through radon gas emission testing as well as ground geophysics.

The survey would be done in east-west orientation and the data would be combined with datasets from earlier surveys finished by Zadar Ventures and Fission 3.0 Corp.

Purpose of 2022 survey will be to define high-value diamond drilling targets. Kiplin Metals is keen on the CLR project, especially due to success at Shea Creek deposit, located ~29km to the north.

The indicated mineral resource is 67.66 million pounds of uranium and inferred mineral resource of 28.19 million pounds of U3O8. Further updates will be provided by the company on its exploration plans. Dr. Peter Born, P.Geo., is designated qualified person for the initiative.

Kiplin Metals can earn one-hundred percent interest in Cluff Lake Road Uranium Project. Covering ~531ha in southwestern Athabasca Basin in northern Saskatchewan, Canada, the project is close to Cluff Lake Mine, that has produced about 62,000,000lbs of yellowcake uranium.

Exxeter Gold Project is one of premier gold camps in the world and produced over 113.4M oz Au by the end of 2019.

Traders Corner

ALDVF stock is trading above the 20-Day and 50-Day Moving averages of $0.6361 and $0.5903. respectively. Moreover, the stock is trading above the 200-Day moving average of $0.5337.