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Resources Top 5: Is this 2021’s most impressive gold intercept?
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- MetalsTech pulls up “record” 70m at 9.23g/t gold intercept
- Fraser Range nickel explorer Legend enjoys more drilling success
- Peak (copper), Aston (gold), Carnaby (gold) up on no news
Here are the biggest small cap resources winners in early trade, Tuesday June 1.
A record intercept – 70m at 9.23g/t gold – at the +1moz Sturec mine in Slovakia sent the exploration stock flying in early trade.
70m at 9.23g/t is truly world class.
“Our first diamond drilling campaign at Sturec has been nothing short of outstanding,” MetalsTech chairman Russell Moran says.
“We continue to hit thick high grade gold intersections as we continue to step out from the existing 1Moz resource.”
As a sweetener, MetalsTech – picked by experienced analyst Gavin Wendt as a stock to watch — also just announced a deal worth $18 million for the spin-out of its portfolio of lithium assets.
More drilling success, this time from Fraser Range nickel hunter Legend.
The explorer hit a new zone of massive/semi massive nickel copper sulphide at the flagship Mawson nickel-copper-cobalt prospect, including a highlight 31.2m sulphide zone in hole RKDD053.
“We are very pleased to announce a new zone of massive/semi massive nickel copper sulphide around holes 43 and 53,” Legend managing director Mark Wilson says.
“With ongoing downhole EM and further drilling we expect this zone will evolve over time.”
DHEM surveying involves sending a probe attached to a wire cable down a completed drill-hole.
The probe is able to detect conductive sulphide mineralisation off-hole, with the potential to “see” mineralisation up to 75m away.
Legend is up ~240% since first making a discovery at Mawson in December 2019.
(Up on no news)
The ~$12m market cap explorer recently locked in a deal to acquire a bunch of exploration tenements in WA prospective for big copper deposits.
Previous explorers have been impeded by a fragmented tenement holding, principal geologist Barbara Duggan says.
“The significance of acquiring the greater Copper Hills project is being able to systematically explore in a large area with known copper mineralisation,” Duggan says.
Over the coming months Peak plans to undertake an extensive field-based exploration program consisting of gravity, EM and drilling programs.
(Up on no news)
The Tolga Kumova-backed gold explorer has gained ~440% over the past three months.
Over that time, Aston has hit visible gold twice in drilling at the Edleston project in Canada, where +$10.8m had already been spent on drilling and geophysics by previous owners.
Aston is now fully funded for a massive 75,000 metre drilling program.
(Up on no news)
The explorer created some excitement recently at its ‘Strelley’ project in the Pilbara, where intrusive-hosted gold was intersected for the first time, highlighting the potential for “Hemi style” mineralisation.
Shallow aircore drilling has now extended the Hemi-like ‘Bastion’ intrusion to 1.4km in length.
“The discovery of intrusion hosted gold mineralisation up to 3.2 g/t gold at the Bastion prospect and now tagging the mineralised intrusion again 1 km to the northeast as well as the numerous new intrusions identified, reveals the scale of the targets and potential at Strelley,” managing director Rob Watkins said Friday.
“We are now looking forward to the commencement of the RC drilling program next…”
