It’s no surprise that gold prices have been fluctuating around $2,000/oz., given high inflation and rising interest rates. Emerging mining stocks offer an exciting ground-floor entry into the industry. The latest offering in the Deal Room has a unique play in just this order.
Take Vancouver-based Masivo Silver Corp. (TSXV: MASS), a junior silver and gold mining exploration company focused on advancing its exploration projects in Nevada, USA, and Sinaloa, Mexico.
The projects:
In Nevada, the Boston and Montgomery mines reported historic shipments of high-grade silver, gold and copper from a zone that varied in width from 1.8 metres to 12 metres with grades up to 226 grams per tonne (g/t) silver, 9 g/t gold and 6.8 per cent copper, with localized zones of up to 2,880 g/t silver, 25.7 g/t gold and 3.2 per cent copper, the Boston and Montgomery mines halted their operations due to the second world war, they are largely under-explored and have been left with untapped potential.
The company recently completed its first hole from the Phase I drill program at its Boston Mine Project.
According to a news release, the hole intercepted 16.7 metres of 0.99 per cent copper, 1.52 g/t gold and 30.25 g/t silver.
The company reported the core hole was drilled to a total depth of 76.8 metres under the portal of the Boston Mine where historic high-grade gold has been encountered close to bedding.
Additionally, the hole targeted two projected parallel mineralized zones and successfully encountered both zones with significant copper-gold-silver values.
The company’s Qualified Person, Brian Brewer said these first drill hole results and the assay results were precisely what he was expecting from this first hole.
“Given the high grades of Au, Cu and Ag produced in the past per our historical data, I am confident that we are on the right path for our drill program.”
Significant drill intercepts include 16.7 metres (drilled width) of 0.99 per cent Cu, 1.52 g/t Au and 30.25 g/t Ag starting at 19.8 metres down hole.
|
HOLE ID |
FROM (m) |
TO (m) |
WIDTH (DRILLED) |
Cu (per cent) |
Au (ppm) |
Ag (ppm) |
|
BM22-01 |
19.8 |
36.5 |
16.7 |
0.99 |
1.52 |
30.25 |
|
Including |
26 |
27.4 |
1.5 |
2.67 |
2.86 |
84.7 |
|
Including |
33.5 |
35 |
1.55 |
1.69 |
2.68 |
51.2 |
|
53 |
54.8 |
1.5 |
.34 |
2.66 |
15.00 |
Meanwhile, core hole BM2-02 was designed to test the down-dip extension of the mineralized zone.
Hole 02 has been recently drilled up to 85.3 metres and the Masivo Geo technical team has approved a 45.7 metre extension to drilling as they are focused on tapping into the pre-World War II resources.
The team will be conducting additional drilling on the Montgomery Tunnel target region next to the Boston Mine.
In Mexico, Masivo is located very close to Prime Mining, Vizsla and First Majestic with a focus on exploration, development, and ore processing within an aggregate of 140 sq. km. located in the gold and silver-rich Sierra Madre Occidental Trend.
The company’s mill, located in the State of Nayarit and in close proximity to the highway, is capable of processing up to 300 tons of ore per day and is producing revenue that is used to fund drill programs in Mexico and Nevada.
Investment corner:
Masivo will be focused on the identified targets when they resume their 10 hole drill program in early June 2023.
Investors eager to capitalize on the silver and gold commodity craze should do deeper due diligence on this revenue generating company.
To view or participate in the Masivo Silver Corp. Deal Room offering, click here.
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This is sponsored content issued on behalf of Masivo Silver Corp, please see full disclaimer here.