That was a short wait! Latest addition Sun Summit reported a...
Gold Ventures 🟡@TheLastDegree
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Oct 03, 2024
~1 min read
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1
That was a short wait!
Latest addition Sun Summit reported a massive hole at the Creek Zone on the JD project
It's quite rare to see a +50% day on drill news in Canada, could it be that the tides are finally shifting?
$SMN.V
@SunSummitMin
/1
Latest addition Sun Summit reported a massive hole at the Creek Zone on the JD project
It's quite rare to see a +50% day on drill news in Canada, could it be that the tides are finally shifting?
$SMN.V
@SunSummitMin
/1
Gold Ventures 🟡@TheLastDegree
@SunSummitMin The near term catalysts here are first JD assays & MRE for Buck Main
Management is top notch, technical advisor even worked on the JD project 10y ago
Few shares outstanding <70M at an enterprise value of less than $10Mil
Laid the groundwork, now waiting for the payoff
/8
Management is top notch, technical advisor even worked on the JD project 10y ago
Few shares outstanding <70M at an enterprise value of less than $10Mil
Laid the groundwork, now waiting for the payoff
/8
2
@SunSummitMin After releasing their first batch which already showed very strong bulk tonnage mineralisation
➡️61.5m of 1.07 g/t
➡️29.1m of 1.64 g/t
➡️95.5m of 0.70 g/t
They now hit HG gold at depth
➡️20.0m of 10.0 g/t, within 122.5m of 2.1 g/t🧐
Starting at 3m below surface !
/2
➡️61.5m of 1.07 g/t
➡️29.1m of 1.64 g/t
➡️95.5m of 0.70 g/t
They now hit HG gold at depth
➡️20.0m of 10.0 g/t, within 122.5m of 2.1 g/t🧐
Starting at 3m below surface !
/2
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@SunSummitMin What appealed me about JD is that historic drill holes were not sampled throughout
The theory was they missed the bulk-tonnage potential as they only sampled by visuals
Now clear this was a big mistake on their part
Just compare the not sampled parts to what SMN drilled👇
/3
The theory was they missed the bulk-tonnage potential as they only sampled by visuals
Now clear this was a big mistake on their part
Just compare the not sampled parts to what SMN drilled👇
/3
4
@SunSummitMin Same goes for the Finn Zone, located 4.5km from the current holes at the Creek Zone
Very strong, partly assayed holes from historical drilling:
➡️35.7m of 7.3 g/t
➡️27.8m of 6.6 g/t
➡️77m of 2.4 g/t
SMN is currently drilling along this long and very fertile corridor
/4
Very strong, partly assayed holes from historical drilling:
➡️35.7m of 7.3 g/t
➡️27.8m of 6.6 g/t
➡️77m of 2.4 g/t
SMN is currently drilling along this long and very fertile corridor
/4
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@SunSummitMin Starting to get on some radars and we've only seen 1/3rd of drill results of this program
The shareprice reaction was well deserved on this news, ending the day at +58%
I told you it could get explosive, but seeing the EV at only $12Mil can't say anyone missed the boat
/5
The shareprice reaction was well deserved on this news, ending the day at +58%
I told you it could get explosive, but seeing the EV at only $12Mil can't say anyone missed the boat
/5
6
@SunSummitMin If you enjoyed this thread,
RT the tweet below to share this thread with your audience
Cheers, GV
/end
RT the tweet below to share this thread with your audience
Cheers, GV
/end
Gold Ventures 🟡@TheLastDegree
That was a short wait!
Latest addition Sun Summit reported a massive hole at the Creek Zone on the JD project
It's quite rare to see a +50% day on drill news in Canada, could it be that the tides are finally shifting?
$SMN.V
@SunSummitMin
/1
Latest addition Sun Summit reported a massive hole at the Creek Zone on the JD project
It's quite rare to see a +50% day on drill news in Canada, could it be that the tides are finally shifting?
$SMN.V
@SunSummitMin
/1
