In January of this year, I introduced my audience to an incredibly promising fledgling company with a pair of ventures in North Carolina offering enterprise-transforming possibilities. Recently unveiled drilling outcomes suggest they have already achieved a grand slam.
When I composed the article three months prior, my intention was to enlighten my readers about the underlying narrative. I believe that was effective. However, evidently, the ultimate verifier is the drill bit.
On April 14, the company, Metalsource Mining Inc. (MSM:CSE; SFRIF:OTC; E9Z:FSE), unveiled scorching results that propelled the stock price from a previous day's close of CA$1.60 to an intraday peak of CA$2.29, representing a 43% surge.
Rationality prevailed, and the stock experienced a sharp decline before stabilizing at CA$1.85, still reflecting a 15% increase for the day.
Drill hole SP26-07 encountered 12.62m grading 48.04 grams per tonne gold equivalent (g/t AuEq), which included 6.95m at 85.4 g/t AuEq and 2.74m at a staggering 210.72 g/t AuEq. This equates to over 600 grams/meters and would rank among the most impressive drill holes for any enterprise with any project.
I inquired with the company's president to provide more details about their ongoing drilling campaign. I am aware they secured CA$7 million in funding and have finished 15 holes, but he has not responded to me yet.
Undoubtedly, they require many more holes before establishing a "43-101 resource", but hole 07 has established a remarkably high standard.
This is a company-altering hole over a recognized resource. With a market capitalization of a mere CA$115 million, it remains undervalued, but we necessitate the disclosure of additional drill holes.
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Important Disclosures:
- Bob Moriarty: I, or members of my immediate household or family, own securities of: None. My company has a financial relationship with: Metalsource Mining Inc. My company has purchased stocks mentioned in this article for my management clients: None. I determined which companies would be included in this article based on my research and understanding of the sector.
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