5 Quebec Gold Juniors That Could Be Acquired Soon

    Gold juniors we’ve identified should receive serious takeover consideration

    SmallCapPower | July 29, 2016: Quebec has long been considered one of the world’s most mining-friendly jurisdiction, especially with its abundance of inexpensive hydroelectric power. The province is also home to part of the Abitibi gold belt, which has produced many millions of gold ounces over the years. Not surprising, then, that there is much gold exploration being conducted in Quebec. The gold juniors that we’ve identified should receive serious takeover consideration should the gold stock rally continue.

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    SciVacIntegra Gold Corp. (CVE:ICG): Integra’s stock price has soared about 400% during the past three years. The Company’s primary focus is its Lamaque South project near Val-d’Or, Québec, with grades as rich as 15 grams per tonne. In 2014, Integra also acquired the fully-permitted 2,200 ton per day Sigma Mill and Mine Complex, as well as a tailings facility. The Company expects a busy second half of 2016 with more than 65,000 metres of assays pending. Integra Gold currently has more than $50 million in the bank and Eldorado Gold owns a 15% stake, so count it as a potential suitor. One knock on this stock is the nearly 500 million shares outstanding.

    SciVacBalmoral Resources Ltd. (TSE:BAR): Balmoral has made gold and nickel-copper-PGE discoveries on its wholly-owned, 700 square kilometre Detour Trend Project in Quebec. Recent drill results have shown the continuity of high-grade gold mineralization within the southern Bug Lake Zone. The Company recently began a $4 million, 20,000 metres drill program. Balmoral Resources’ proximity to Detour Gold Corp. would make it an ideal acquirer.

    SciVacMetanor Resources Inc. (CVE:MTO): Metanor has the advantage of already being in production at its Bachelor mine in Quebec, producing about 40,000 ounces of gold a year with a Measured & Indicated resource of nearly 8 grams per tonne and all-in-sustaining costs of less than US$1,000 per ounce. The Company is hoping to develop another mine at its Moroy property located about 1 km away from Bachelor. Metanor’s outstanding shares are also creeping up on the 500 million mark.

    SciVacSecova Metals Corp. (CVE:SEK): Secova is at an earlier stage than the other gold juniors on our list but has best share structure at less than 45 million outstanding. The Company recently announced it had acquired 69 claims adjacent to its Duvay property holdings, giving it more than 7,065 hectares (17,458 acres) in the Abitibi gold belt in Quebec.

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    SciVacAurvista Gold Corporation (CVE:AVA): Aurvista’s principal asset is the Douay Gold Project in northern Quebec, which consists of 298 contiguous claims totaling 12,704 hectares, and is located on the Casa Berardi Fault, on trend with Aurizon’s Casa Berardi Mine as well as being about 150 km north of Yamana-Agnico Eagle’s Malartic Mine. The Company recently began a summer exploration program with a priority being the Porphyry Target that extends some 8 km in length, of which 3 km to the NW of the high-grade Adam Porphyry Zone is largely untested according to Aurvista. Douay is low grade (2,754,554 Inferred ounces at 0.75 grams per tonne) but management believes that it has one of the few remaining known gold deposit in Québec amenable for a superpit (bulk tonnage with high-grade lenses) and has structural patterns comparable with Malartic.

    Secova Metals Corp. is a featured sponsored company and has paid SmallCapPower.com a fee for coverage. To learn more, see our full disclosure HERE >>

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