I just visited a company who has been finding silver at a cost of about $.07 an ounce, cheaper in relative terms than SSRI was doing six years ago. When SSRI was buying silver at $.025 an ounce in the ground, silver was selling for $4. If you like silver, I've got something a lot better now. Those who took heed of what I said have done well SSRI is now north of $35 a share. I liked Silver Standard then because they were buying silver at $.025 an ounce, they were a perpetual call on silver. On Mindanao Island in the Philippines, I saw monster copper-gold porphyry owned by Cadan Resources (CNF.V.)īut I don't think I have had a pure silver play since I wrote about Silver Standard at $1.25 US in December of 2001 when silver hit bottom at $4. I am just back from two weeks in China and the Philippines. I'm not all that happy with the pace of drilling, they have averaged about one hole a month. They have a giant-in-potential copper-gold porphyry in Indonesia. ![]() I first wrote about Southern Arc (SA.V) in April of last year. Want to go big time mining in copper-gold porphyries? I even have a few of them. Erin Ventures (EV.V) is in actual placer gold production in Belize but they work very hard to make sure no one understands it. ATW (ATW.V) bought a mine and 450 TPD mill in Australia that they plan to have in production shortly. Starcore (SAM) has been operating way under the radarscope but they are in production in Mexico now and getting not a bit of respect for it. I love Pediment, (PEZ.V) they have boatloads of gold in the Baja and recently purchased an existing mill and mine near Sonora. Take your pick, in production or about to go into production. Gold? There are a zillion gold companies out there. With 40 something million shares outstanding, they could triple easily. Even Arian Silver (AGQ.V) should be announcing something like a 150 million ounce silver equivalent resource by summer. SNS Silver (SNS.V) drilled 13,000 meters at their Crescent Mine in the Silver valley last year and they are following up this year with a 33,000-meter underground program defining high-grade silver-lead-zinc. They have a 1,000-man facility high in the Andes and are coming up with blistering grades. Trevali (ZINC-CNQ) is going into production at a 1000 TPD rate in six months. Silver-lead-zinc companies I have by the bushel load. Even good old Cardero (CDU) may spring to life when they complete a scoping study on their almost-billion ton deposit at Pampa de Pongo. They should be valued at $2 a ton in the ground that would give them a billion dollar+ market cap but are valued at maybe $60 million. Or you might like Quinto (QU.V.) They have hundreds of millions of tons in Quebec, near rail and port facilities. Iron just rose 65% in price you would think you could make money there. Would you like a nice iron stock? You could go with Palladon (PLL.V) that has a lot of iron and may even do something with it some day. That's the kind of thing you might expect me to have right at hand but I thought and thought and couldn't come up with an answer. He wanted to know the name of a good silver stock. Someone wrote to me a few weeks back and asked me the most simple of questions yet I was totally baffled. The Company plans to follow up on the target areas defined and delineated during this exploration program by drill testing.Buying Gold to get Silver Bob Moriarty 321gold s In addition, systematic mapping and soil/outcrop sampling program is currently conducted over the four selected areas. Reid Geophysics has been engaged to reprocess the VTEM data, identify VTEM anomalies, 3D modelling, and geological integration. The Company has acquired the raw airborne VTEM data, including 766-line km, 150m line spacing and 1500 tie-lines. The district has seen minimal modem exploration works during the last 40 years.įour areas of high interest have been defined for the initial exploration program on the Sulitjelma Project. ![]() Significant historical resources were left unmined at the time of closure in the early 1990's. The district produced over 25 million tonnes, averaging 1.84% copper, 0.86% zinc, 10 g/t silver and 0.25 g/t gold. Metamorphism and deformation have caused the area's thickening and repetition of mineralized horizons. VMS style mineralization occurs along a trend that extends over 20 kilometers and is developed along multiple stratigraphic horizons and structurally repeated sections. Sulitjelma was one of the largest operating base metal mines in Norway.
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