With the PDAC 2019 convention set to begin this weekend, the junior resource stocks we’ve uncovered could continue to attract investors
SmallCapPower | March 1, 2019: The 2019 Prospectors & Developers Association of Canada (PDAC) convention is set to begin in Toronto, Ontario, Canada, March 3rd to 6th at the Metro Toronto Convention Centre. There is expected to be over 1,000 exhibitors, 3,500 investors, and 26,500 attendees from 135 countries. Today we’ve dug up four junior resource stocks that have seen promising exploration results recently and could continue to attract investors over the next week.
*Share prices as at close February 27, 2019, data obtained from S&P Capital IQ
X-Terra Resources Inc. (TSXV:XTT) – $0.15
Diversified Metals and Mining
X-Terra Resources is a resource company focused on acquiring and exploring precious metals and energy properties in Canada. The Company holds a 100% equity interest in Lindsay property and a 100% equity interest in Troilus East property, which are located at James Bay, Québec. In addition, X-Terra holds a 60% option in the Veronneau property, a 100% interest in the Ducran property, all located in northern Québec. On November 11, X-Terra agreed to acquire a 70% equity stake in the Grog property and for the Rim, Dome, and Bonanza mining properties, collectively, the “Northwest Property” located in New Brunswick. On February 28, the Company reported systematic sampling results for the Northwest property, which included 125.4 g/t Au over 19.9m.
Kintavar Exploration Inc. (TSXV:KTR) – $0.26
Precious Metals and Minerals
Kintavar Exploration is a Canadian mineral exploration company engaged in the exploration and development of gold and base metals properties. The Company owns 100% equity interest in the Mitchi property 100 km north of the town of Mont-Laurier, in southeastern Quebec. The property covers an area of more than 300 km2 accessible by a network of logging and gravel roads. The property is located in the north-western portion of the central metasedimentary belt of the Grenville geological province. On February 27, the Company announced drill results for the Mitchi property, returning intercepts of 0.30% copper over 94.8m within 0.20% copper over 216m. Kintavar will be at the PDAC convention at Booth #2642.
Cabral Gold Inc. (TSXV:CBR) – $0.225
Cabral Gold is a junior gold explorer with a focus in Brazil. The Company owns the Cuiú Cuiú gold project, which covers the largest of the historical placer gold camps in the Tapajós region of northern Brazil, having yielded an estimated 2M oz of gold from the overall 20-30M oz gold produced during the Tapajós gold rush. On February 28, the Company announced drill results for its Cuiú Cuiú project, which included 36.9 g/t gold over 3.4 metres.
Max Resource Corp. (TSXV:MXR) – $0.445
Max Resource is a Canada-based exploration company with a focus on identifying advanced exploration projects located within the under-explored northern section of the Andean Copper Belt of Colombia. On January 30, the Company announced it had identified free gold in first five conglomerate bulk tests, located within the Company’s Choco Precious Metals Project in Colombia. On February 27, the Company reported results of a “cloud stitched” Long Wave InfraRed (LWIR) survey over a 1,000 sq. Km area with gold-bearing correlates at Choco.
Disclosure: Neither the author nor his family own shares in any of the companies mentioned above.
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