Maxtech Ventures: Primed To Prove Up A Potential 1Moz Maiden Gold Resource In Ontario


1. Introduction

With gold stabilizing and further inflation expected with a world economy continuing to recover from COVID-19, it seems Maxtech Ventures (CSE.MVT)(OTC:MTEHF)(FRA.M1N), a junior exploration company operating in Ontario and Quebec, is in the right place at the right time. It raised C$0.94M on June 4, 2021, and recently commenced a 15,000m 3 staged drill program at their flagship St.Anthony Gold project, with the objective to prove up a historic 1.2Moz resource, and maybe even more. Management already succeeded in attracting a few large institutional names like US Global, and is followed with interest by more large parties, ready to enter when drilling delivers the right results.

Treasury Metals Announces Integrated PEA For Combined Goliath-Goldlund Project; Announces Upsized C$17.5M Financing

After acquiring the neighbouring Goldlund open pit project from First Mining Gold, Treasury Metals (TML.TO, TSRMF.US) has been busy ever since to integrate both projects into a single open pit-underground project with synergies whenever possible. After hiring Ausenco, a reputable engineering firm, and appointing a new President and CEO, Jeremy Wyeth, who has lots of experience in building mines, the company worked diligently for 6 months on an integrated Preliminary Economic Assessment (PEA) for both projects.

Infill And Expansion Drilling At Goliath Gold Project For Upcoming PFS Progressing According To Plan For Treasury Metals

Like most projects around the world, Treasury Metals (TML.TO, TSRMF.US) has temporarily slowing down and shutting down drilling at their Goliath Gold project in Ontario, caused by the omnipresent COVID-19 pandemic, but as it has been completing over half of their drilling program before the virus broke out, it has been reporting several sets of drill results so far this year, and still has a few batches to come. Most of the intercepts are solid, nothing spectacular, but in line with the existing resource.

Genesis Metals: Discovery Group Icons John Robins And Jim Paterson Taking A New Look At Chevrier

This article by Gwen Preston has been published earlier at December 12, 2019 at Resource Maven.

All pictures are company material, unless stated otherwise.

Genesis Metals (TSXV:GIS) has been around for a decade. Over that time it worked and dropped a few projects, but more importantly it found two projects that the team really liked. The bear market made it hard to raise capital so work programs were limited. The work that was done returned good results, good enough that a strong technical team took an interest in the company early this year.

Treasury Metals Advancing Goliath Gold Project Rapidly Towards PFS With Environmental Assessment Approval In Hand

1. Introduction

Sometimes I come across a familiar name that seems to be around forever, not achieving remarkable highs or lows, just following its course quietly like a small river or creek. In those cases I often look in vain for upcoming catalysts, as such companies usually don’t have fast-tracking mentioned in their dictionairies. However, this time it is a bit different. Treasury Metals (TML.TO, TSRMF.US), the company to be discussed in this analysis, has seen a long and slow trajectory on its Goliath Gold project in Ontario since 2010, in large part caused by a longwinding Environmental Impact Assessment process.

Genesis Metals: Value In The Abitibi Greenstone Belt

This article by Brian Leni has been published first at Junior Stock Review.

All pictures are company material, unless stated otherwise.

Is the tide beginning to change from bear to bull in the gold market? In my opinion, it could be, and one of the major driving forces behind it could be mergers and acquisitions (M&A).

For those who haven’t been following closely the last few months, it began with the merger of Barrick and Randgold and then, just recently, with Newmont’s acquisition of Goldcorp.

Genesis Metals: New Geological Model Directs Exploration For Gold In The Abitibi Greenstone Belt

This article by Brian Leni has been published first at Junior Stock Review.

All pictures are company material, unless stated otherwise.

We are not only in a resource sector bear market, but in the midst of peak holiday season, at least in the northern hemisphere. At the current moment, these two factors are pushing many company share prices downward, and in the process, giving those with the wherewithal and appetite for risk great opportunities for entry into the stock.

You may be asking yourself, if the bear market trend continues, can I buy the same stock more cheaply in a month? That could be correct - or the market might turn. It's anyone’s guess as to which way the market will flow.

Genesis Metals Continues To Prove Up Chevrier Mineralization; Further Drilling About To Start

Chevrier Gold project; core shack Main Zone

After having completed a 10,150m 58 hole drill program on the Main Zone, plus 25 new trenches and re-sampling of 11 historic cores, it seems that Genesis Metals is well on its way to get more insight in the complex geology of Chevrier, therefore an update is warranted. Follow up drilling on a new Main Zone extension is about to commence in this spring, and a maiden resource estimate is scheduled for Q3, 2018. On top of that, the company is contemplating drilling other geological targets as well, as the property has abundant exploration potential.

All presented tables are my own material, unless stated otherwise.

All pictures are company material, unless stated otherwise.

All currencies are in US Dollars, unless stated otherwise.

Genesis Metals Raises C$4M, Welcomes Eric Sprott And Osisko Mining As Significant Shareholders, Drilling At Chevrier Starts In July

After compiling, interpreting and modelling all available data and surveys, and defining targets, Genesis Metals needed cash to advance their flagship Chevrier Gold project to the next stage: commencing of drilling. Management worked hard to gain interest, and it seemed they succeeded in their aim to get the company funded to drill well into 2018. On top of this, they welcomed two of the most respected and well-known names in the business, Eric Sprott and Osisko Mining as significant shareholders, which is impressive. The company completed 2 rounds of financing to achieve this. 

On June 5, 2017, Genesis Metals closed its C$3.25-million non-brokered private placement previously announced on May 24, 2017. Eric Sprott, Delbrook and other large, strategic institutional investors also participated in this first big round.


Subscribe to RSS - Ontario