It seems that each instance I launch my web navigator, one more speculative mining firm trumpets still more stellar outcomes. I had presumed we lingered in an ongoing correction; nevertheless, the assay reports materializing are commencing to galvanize the enterprises, publicizing them.
I merely penned a composition on April 15, providing a concise article on Metalsource Mining Inc. (MSM:CSE; SFRIF:OTC; E9Z:FSE), and, honestly, I still await the leadership to elaborate on their drill program so I can generate an exhaustive account.
However, before I could accomplish such, even more barn-burning figures arrived from yet more companies.
Trident Resources Corp. (ROCK:TSXV; TRDTF:OTCMKTS) has been a cherished one of mine for two chief motives.
I transpire to be an immense admirer of the executive team, and more crucially, I invested in the narrative while the equity remained inexpensive.
Therefore, there exists a solid probability that ultimately I will manage to bear the expense of replenishing my vehicle with diesel fuel anew.
I apprised my readers of the saga back in November when the market valuation totaled a mere CA$45 million.
Presently, it stands at CA$113 million for a 150% increase since that period. I wrote about them again in mid-January.
And now they want to unleash even more colossal results in the form of a press statement from April 15 detailing Hole CL26028 at 4.61 g/t gold over 38.48 meters. That equates to a 177 gram/meter hole. Anything surpassing 100 gram/meters is outstanding.
For Rock, it's simply more of an equivalent-aged tale.
I believe the corporation is destined to be a ten-bagger in due course. With $32 million in the coffers as far as cash and tradable securities, the enterprise is robustly financed for a mound of drilling.
Aztec Minerals Corp. (AZT:TSX.V; AZZTF:OTCQB) is one more darling of mine.
I toured the venture fifteen years prior to Tombstone in Arizona, as much for the past benefit as the technical. Aztec is helmed by youthful and assertive management, my preferred variety.
My previous commentary on the establishment was in January of this year, just preceding the plummet in gold.
Owing to the skyrocketing price of the yellow metal, AZT shares ascended to CA$0.38.
Even after multiple 100-gram/meter holes, the stock hasn't attracted the attention of speculators as I'd expect.
I cannot fathom the enigmatic workings in the psyches of investors at junctures. In any event, on April 15, Aztec disclosed Hole TR26-14 assayed a range of strikes comprising one of 107.9 meters of 0.618 g/t Au and 24.8 g/t Ag.
I reached out to the Aztec CEO, Simon Dyakowski, to convert that into AuEq terms, as it is considerably more significant to run-of-the-mill investors rather than endeavoring to transmute grams of silver into grams of gold.
Simon came back to me, and his figures demonstrated 107.9 meters of 0.972 g/t AuEq.
That furnishes 105 gram/meters of AuEq, which exhibits just how momentous that segment of the hole is worth. There existed five distinct zones of oxide gold/silver mineralization in the solitary hole, and that's even more paramount. In brief, the press release displayed excellent outcomes, and the market pretty much neglected the tidings.
I proposed to Simon that instead of conveying in the arid but accurate gold in g/t and then silver in g/t, they additionally convey as AuEq, so it would render the numbers more meaningful for speculators.
He retorted and stated that they had done so for five years with no quandary, but all of a sudden, the TSX gurus declined to accept the AuEq reporting. Not very smart, in my opinion.
My final morsel for the day is for Tiger Gold Corp. (TIGR:TSXV), which I covered back in January, too.
I'll plug in a crucial sentence incorporated in that piece, "The company entered into a purchase option to buy 100% of the Quinchia Gold property located in the Middle Cauca metals belt in central Colombia in December of 2024, with gold hovering just over US$2,600 an ounce."
Their timing was superb. They have hit the terrain sprinting and have three drill rigs plunging holes in the earth as I compose.
The Quinchia property came with 2.09 million ounces of gold in a 43-101 with an added 495,000-ounce historical estimate at Dos Quebradas. They were absurdly cheap before issuing their latest report on April 15.
Tiger's peers are getting an average of US$155 per ounce AuEq. Tiger gets US$22. That isn't going to last very long.
The company has an ongoing 20,000-meter drill program at Quinchia.
They reported results from six holes on April 16 this year, showing TSDH-78 reporting 169.71 meters of 0.9 g/t Au, including some higher-grade intervals internally. That's just about 153 gram/meters for another home run hole for the company.
Tiger is fully funded for their planned 2026 program in Colombia.
Led by some of the most experienced mining professionals I have come across in twenty-five years, I see this also as a ten-bagger over time.
They are absurdly cheap.
Important Disclosures:
- Aztec Minerals Corp. is a billboard sponsor of Streetwise Reports and pays SWR a monthly sponsorship fee between US$3,000 and US$6,000.
- As of the date of this article, officers, contractors, shareholders, and/or employees of Streetwise Reports LLC (including members of their household) own securities of Aztec Minerals Corp.
- Bob Moriarty: I, or members of my immediate household or family, own securities of: All. My company has a financial relationship with: All. 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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