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As the precious metal miner sector continues to trade sideways this year, I would like to bring to your attention five development stage projects which I believe stand a very good chance of being acquired by a global miner within the next 12-18 months.
When you read about Victoria Gold beginning to build a mine or Alexo getting ready to put an old mine into production, the part of the story which is not obvious is where the workers for those mines are going to come from. Yukon’s population is roughly 36,000 people. Not very many.
A B-TV/BNN Interview with Mining Analyst, Chris Thompson, Raymond James speaking about Victoria Gold will be featured on BNN this weekend – Sept 30 & Oct 01.
Metallic Minerals (V.MMG) announced its second placer agreement in the Yukon. This one is for a mile of claims along a bench of Dominion Creek. Metallic acquired these claims and then executed an exclusive mining agreement with an experienced placer outfit. Metallic will retain a 15% royalty on all the gold mined.
Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce the receipt of additional analytical results from the on-going 2017 Dublin Gulch (the “Property”) exploration campaign. These latest results are from the 14 exploration drillholes completed on the Eagle Extension Zone, a previously under-tested area immediately west of the proposed Eagle Gold Mine, that has identified new near-surface gold mineralization in an easily accessible area.
The Gold Report puts together analysis of Victoria Gold from Raymond James, Echelon and PI Financial. Well worth seeing why each of these firms see VIT as a buy with a target price of $0.90 to $1.00. At the moment VIT is trading at $0.48.
Bill Sheriff, Chairman of Golden Predator (V.GPY) presented at the Beaver Creek Precious Metals Summit.
“Results were characterized by relatively shallow intercepts (mostly within 100m down-hole), averaging 12.3m overall and returning an average grade of 0.78g/t Au and 12.82g/t Ag. True widths are estimated at between 70% to 80% of interval lengths. The results compare well with grades from recent work at Olive and Shamrock, and particularly with Shamrock insofar as being fairly shallow. Drilling at Spinach tested an area of approximately 400m by 400m. For comparison, the Eagle Gold deposit, which is now under construction, contains Proven and Probable reserves of 2.7Moz Au grading 0.67g/t Au, part of a wider resource containing 4.0Moz Au grading 0.65g/t Au in Measured and Indicated resources, and a further 0.5Moz Au grading 0.61 g/t Au in Inferred resources.”
“We expect continued exploration success to be a positive catalyst for the stock and should help demonstrate the exploration upside that exists on the property. Victoria currently trades at a discount on a per ounces basis, or C$31/oz versus peers at C$57/oz, which we believe does not take into account the exploration potential of the Dublin Gulch property or that the
project has just transitioned from shovel ready to under-construction.”
Victoria Gold Corp. (TSX VENTURE: VIT) (“Victoria” or the “Company”) is pleased to announce results from the first assays received from the 2017 Bluto target surface trench exploration program. TR17-16, was the first major trench constructed at the Bluto target this season and was concentrated on a trail built with heavy equipment to access a water source that would be utilized in the planned 2017 Bluto diamond drilling exploration program. During the course of constructing this access trail a large, six (6) metre long low-lying scorodite-bering heavily fractured quartz vein was uncovered near the headwaters of Indicator Creek. This trench was sampled and sent to the assay lab for priority analyses — the entirety of trench TR17-16 returned: