The 2014 mining season
This year the best way to play the mineral exploration market is to buy before May and hold through the rest of the year, depending on drill results. The following is a collection of mineral plays that show promise this year and that I will be holding through to the fall drill results and depending on what they come up with will make a decision then.
Bayhorse Silver (BHS.V/KXPLF) Market cap $3.3m Float 6m (approx.) Shares out 19.2m
Bonanza grade results from their Silver Mine in Oregon should propel this further. Although not in production yet, the old workings have tailings piles that should produce a good revenue stream throughout the coming year. With the recent 43-101 announced on the Oregon property, a steady stream of news should be forthcoming from this company from either their three New Zealand gold properties, the Washington State rare earth property or the Oregon silver mine. A very tight float here so bid sitting will not work very well. Not thrilled with their MMJ side venture but it should add value
Garibaldi Resources (GGI.V/GGIFF) Market Cap $12.5m Shares out 58m
Garibaldi the largest landholder among juniors in the very “pregnant” Sheslay Valley district of British Columbia where a second Cu-Au porphyry drilling discovery has been made very close to its border (Garibaldi has multiple targets of its own over an incredible 15 km corridor with news pending on that), a recent land acquisition south of the Doubleview discovery has added insurance for this company with over 100 sq. miles of land under management at the Sheslay valley. The company is also currently extremely active in Mexico with drilling continuing at its Gold Property with drill results of grading 28.4 g/t Au over 1.3 meters, 7.5 g/t Au over 6.4 m, 6.2 g/t Au over 3.3 m, and 5.8 g/t Au over 7.9 m at the Murcielago breccia, and 13.5 g/t Au over 1.3 m at the La Patilla vein system contiguous to the southeast. Garibaldi is one of the few juniors that’s had virtually no dilution in its stock since 2009.
Doubleview Capital (DBV.V) Market cap $10.5m Shares out 43.6m
Drill results last month revealed discovery of a strong copper-gold mineralized alkalic porphyry-type deposit at its Sheslay area Hat Property. One drill hole returned 313.11 metres of 0.32% Cu Eq, including 61.08 metres of 0.52% Cu Eq and 51.82 metres of 0.62% CuEq. A very strong area with the Sheslay Valley being the hot topic for exploration this coming season.
Big North Graphite (BNCIF/NRT.V) Market cap $3.7m Float? Shares out 52.9m
Big North is a graphite development and exploration company focused on select projects in Mexico and Canada. The Company acquired three past producing amorphous graphite mines in Sonora, Mexico and is working towards accelerating the restart of the Nuevo San Pedro amorphous graphite mine. Big North is currently in the Test Mining phase at Nuevo San Pedro and has completed four consecutive months of sales of amorphous graphite.
Athabasca Uranium (UAX.V/ATURF) Market Cap $4.4m Shares out 68.5m
A Uranium Exploration company with some very solid ground in the Athabasca Basin of Saskatchewan, the company has been sitting idle during this downturn but now that new life is entering the junior explorers I am seeing very high daily volume rates, some one knows something and a position here is a gamble right now but could be lucrative.
Ashburton Ventures (ABR.V) Market Cap 2.0m Shares out 35.9m
Ashburton Ventures is an area player that sneaked in and grabbed a section of land between Doubleview Capital and Garibaldi Resources in the Sheslay Valley. Like the Remora is to the Shark many companies find fortune and fame by playing on others discoveries, this could be one but is at this point a high risk play.
American Consolidated (AJC.V / AMERF) Market cap $7.9 m Shares out 12.2m
If you look at the chart of this one it looks like a terminally ill hospital patient, hardly a blip and absolutely no volume (until today). But if you dive deeper you see that it is run by some well-known elephant hunters and the past drill results showed the indicated mineral resource at Toiyabe for a 0.01 opt (ounce per ton) gold cutoff is 173,562 contained ounces of gold. This equates to 4,975,000 tons at an average grade of 0.0349 ounces per ton (opt). This resource estimation utilized drill results from ACM drilling as well as historic drilling. American Consolidated holds 165 claims totaling 3,330 acres. The Toiyabe Project is located approximately 78 miles south-southwest of Elko, Nevada and is located only six miles south of Barrick's Cortez Hills gold discovery. The company has now set itself up to come alive and it started today April 6 2014.
Wolverine Exploration Inc. (WOLV) I work with this company and as such I am considered an insider. Currently holding 6.9 million shares that I purchased on the open market, and looking forward to a very busy summer here.
I wish everyone the best and will only be updating occasionally. Each of these companies should be on news alert and most will do quite well this year depending on market conditions. If anyone wishes to communicate send me a private message and I will return the message with my phone number.
