We have identified some junior resource stocks looking to build upon their recent momentum
SmallCapPower | March 3, 2017: Many resource investors and speculators likely viewed 2016 as being a good year for the sector, with hopes for more of the same in 2017. The annual Prospectors & Developers Association of Canada (PDAC) convention held each March in Toronto bring together industry players and investors from all parts of the world, often laying the groundwork for future deals in the mining space. Today, we’ve identified a few junior resource stocks that have been generating some investor ‘buzz’ in which the companies hope to build upon post PDAC 2017.
Golden Predator Mining Corp. (TSXV: GPY): Golden Predator is a Yukon gold play, owning the 3 Aces project as well as the Brewery Creek project in the Territory. On January 19, 2017, the Company released 3 Aces assay results that could be a game changer, including 7.54 metres of 32.86 g/t gold from a depth of just 16.76 metres (its stock has surged 59% since Jan 20 to its current price of $1.49). Newsletter writer Thom Calandra of the Calandra Report, in a note to subscribers, suggested that Golden Predator Mining could become the next Pretium Resources (TSX: PVG). “GPY’s 3 Aces is in my own rock review there several months ago presented a landscape of easily read and rich veins outcropping mostly at surface. The thing when it becomes a mine probably is a combination underground and open-pit operation. It is out in the boonies, but right on pavement to another former mine up there,” he wrote. Golden Predator is in the process of raising about C$15 million, and has recently begun a 20,000 metre drill program at 3 Aces. Eric Sprott owns about 10% of the Company’s stock.
CobalTech Mining Inc. (TSXV: CSK): Cobalt, so far in 2017, looks like it could be the next lithium boom, at least as far as investor interest in the battery metals goes. CobalTech, formerly Big North Graphite, hopes to become North America’s first vertically integrated cobalt processing company by taking mineralized ore through production to high-tech metals via stockpiling, crushing & milling, smelting, refining, and marketing. The Company owns the Duncan Kerr Project near Cobalt, Ontario, and controls 264 hectares in the area including nine historical past producing mines. CobalTech also announced recently a Letter of Intent to acquire a fully-permitted cobalt processing facility in the vicinity. Its stock, meanwhile, has jumped 61% year to date to its present price of $0.37 a share.
Secova Metals Corp. (TSXV: SEK): There’s been a recent property acquisition ‘frenzy’ of sort in the Windfall Lake area of Quebec near Osisko Mining’s high-grade gold property, and Secova is in the thick of things with its recently-acquired Eagle River project, which now totals 5,372 hectares, adjacent and/or on-trend to Osisko Mining’s gold deposit. The past month saw the announcement/closing of more than $100 million in bought-deal financings from its neighbours that include Osisko Mining, BonTerra Resources, and Beaufield Resources, as well as $2.5 million from Secova. Secova Metals also has the right to earn up to 90% of the Duvay/Chenier Gold Project in Quebec, totaling 7,766 hectares representing 174 contiguous claims. The Company recently began its 2017 exploration program at Duvay, which includes up to 5,250 meters of drilling and an additional 1.3 km of mineralization modeling using IPower 3D survey. And in the past two weeks, Secova also announced the acquisition of a cobalt property (Cobalt Bay) in Quebec. Secova Metals’ shares have powered 100% higher so far in 2017 to its current price of $0.08.
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