As a general rule, the most successful man in life is the man who has the best information
Exploratory drilling at Boreal Metals Corp's (TSXV:BMX) volcanogenic massive sulfide (VMS) Gumsberg project in Sweden continues to yield high-grade mineralization at depth. The results of a 1,458-meter drill program, released on Tuesday, were primarily from the new South Zone Discovery at the past-producing Östra Silvberg mine - a target Boreal has been working since the first quarter of 2018.
Significantly, two of the four holes drilled at Östra Silvberg South Zone Discovery intercepted unmapped mine workings that plunge deeper than expected and further east than indicated by historical maps - suggesting that the mineralization is more extensive than previously thought.
Boreal has recently brought in former Boliden Management which is very unique for an exploration company. Thomas Söderqvist, Director, and Rodney Allen, Techincal Advisory Committee, were both senior management of the largest mining company in the region.
Thomas Söderqvist started as an underground miner at Boliden at the age of 18 and had an impressive mining career leading him to become number four at Boliden, as Senior Vice President, and in December 2018 was the acting CEO at Boliden.
Rodney Allen is an economic geologist with nearly 40 years of experience, specializing in the geology of complex ancient volcanic regions. Throughout his 40 year career he was Head of Exploration at Boliden and is credited with reviving the Garpenberg VMS mine (near Boreal's Gumsberg Project).
Garpenberg was near closure with ore reserves running low, but over four years, four new satellite deposits were discovered. Thanks to Allen, Garpenberg's reserves were lifted from a few million tonnes to 36MT, plus resources of 38MT and production of 42MT, for a total of 116MT by the end of 2013. The four discoveries were the basis of an expansion project in 2014 that nearly doubled Garpenberg's annual production.
In my opinion Boreal Metals is currently one of the most undervalued stocks on the TSX.
Playing the gold ratios game
There are some well-worn relationships between gold and certain variables, that forecasters look at when trying to time a move in or out of gold and gold equities.
Legal Notice / Disclaimer
This article is copyright protected and may not be reproduced in whole or in part or retransmitted or reposted without the authors written permission.
This document is not and should not be construed as an offer to sell or the solicitation of an offer to purchase or subscribe for any investment. Richard Mills has based this document on information obtained from sources he believes to be reliable but which has not been independently verified. Richard Mills makes no guarantee, representation or warranty and accepts no responsibility or liability as to its accuracy or completeness. Expressions of opinion are those of Richard Mills only and are subject to change without notice. Richard Mills assumes no warranty, liability or guarantee for the current relevance, correctness or completeness of any information provided within this Report and will not be held liable for the consequence of reliance upon any opinion or statement contained herein or any omission. Furthermore, I, Richard Mills, assume no liability for any direct or indirect loss or damage or, in particular, for lost profit, which you may incur as a result of the use and existence of the information provided within this Report.