Surprised this one hasn’t been discussed here, quite an interesting explorer focusing their efforts in Chile and the El Zorro project (70% to 100% on completion of a feasibility study I believe) which is nearing the completion of first phase – waiting on assays for the last 2 holes.
High grade, shallow, IGR system which is rare for Sth A but tend to contain significant gold – close to infrastructure which should assist with quite a low AISC eventually. Likely see a resource estimate towards the back end of 2020, upon completion of phase 2 infill and extension drilling. 2M in the bank still, and have dropped Espina prospect to focus on El Z. Market cap of $25M seems very cheap considering the potential here, significant upside I believe.
Anyone else have any thoughts? Something else I should be looking at, as I’m relatively new to gold explorers?
Currently hold.
Be the first to comment