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Let's look at some 'company changing' drill holes from 2023.
It's been a tough year for junior mining investors, but a handful of companies still managed to deliver significant value through the drill bit.
NGEx Minerals $NGEX.V
NGEx announced a jaw-dropping discovery on April 4th this year at their Potro Cliffs (Lunahuasi) property in the Vucina district in Argentina, intersecting:
60.0m @ 5.65% Cu, 2.04 g/t Au, 44.0 g/t Ag (7.52% CuEq)
📈up 63% since the discovery and
💵Raised C$85 million at C$6.50 which is ~50% above the pre-discovery price.
Lavras Gold $LGC.V
Lavras Gold announced a bulk tonnage style discovery on August 29th at their Fazenda do Posto property in Brazil intersecting:
340m @ 1.09 g/t Au (370 g*m)
📈up 150% since the discovery and
💵Raised C$14 million (incl. Eric Sprott, McEwen, and Kinross) at C$1.35 which is ~225% above the pre-discovery price.
Hercules Silver $BIG.V
Hercules truly hit it big at their Hercules Property in Idaho discovering a blind porphyry on October 10th:
185m @ 0.84% Cu, 111 ppm Mo, and 2.6 g/t Ag
📈up 384% since the discovery and
💵Raised C$24 million (from Barrick) at C$1.10 which is ~340% above the pre-discovery price.
Founders Metals $FDR.V
Founders hit an impressive hole at their Antino Project in Suriname on August 24th:
15.5m @ 30.72 g/t Au (476 g*m)
📈up 198% since announcement
💵Raised C$5.75 million at C$0.80 which is ~97% above the pre-announcement price.
Metallic Minerals $MMG.V
Metallic managed to produce an excellent step-out hole at their La Plata Project in Colorado announced on February 28th:
816m @ 0.30% Cu, 2.47 g/t Ag, 0.186 g/t Au+PGE (0.41% CuEq
📈up 30% since announcement
💵Raised C$6.3 million at C$0.40 (From Newcrest) which is ~67% above the pre-announcement price.
Benton Resources $BEX.V
Benton intersected some copper-rich massive sulphide mineralization at their Great Burnt Property from November 1st:
13m @ 8.31% Cu (108 Cu %*m)
📈up 270% since announcement
💵Raised C$1.56 million at C$0.25 (FT)
Southern Cross Gold $SXG.AX
Southern Cross managed to intersect a whopping traversing headline hole on September 5th:
404.4 m @ 5.1 g/t Au, 0.3% Sb (5.6 g/t AuEq)
📈up 90% since announcement
💵$SXG.AX didn't need to raise with A$12m in cash
Wildcat Resources $WC8.AX
First assays at Wildcat's newly acquired Tabba Tabba lithium project in Western Australia confirmed at new Li discovery on September 18th:
85m @ 1.1% Li2O
📈up 212% since the discovery and
💵Raised C$100 million at A$0.76 which is ~220% above the pre-discovery price.
TG Metals $TG6.AX
First drill hole at their Lake Johnston Project intersected high-grade lithium:
9m @ 1.62% Li2O
📈up 280% since the discovery and
💵Raised A$10 million at A$0.75 which is ~600% above the pre-discovery price.
Strickland Metals $STK.AX
Strickland made an exceptional discovery at their Yandal Gold project in Western Australia on September 19th:
31m @ 5.6 g/t Au (173 AuEq g*m)
📈up 233% since the discovery and
💵No need to raise money $STK.AX sold a project to Northern Star for A$61m
Collective Mining $CNL.TO
Sussman surprised the market on Feb 23rd with a new porphyry discovery on their Apollo Project in Colombia:
384.7m @ 1.17 g/t Au, 43 g/t Ag, and 0.37% Cu (2.46 g/t AuEq)
📈up 50% since the discovery
💵Raised C$30 million at C$4.25 which ~60% above the discovery price
Delta Resources $DLTA.V
Delta confirmed the eastern extension at their Delta 1 Property in Ontario on Feb 9th:
31m @ 5.92 g/t Au (183 AuEq g*m)
📈up 27% since the announcement
💵Raised C$10 million at C$0.45 which ~310% above the announcement price
American West Metals $AW1.AX
American West confirmed high-grade near-surface copper mineralization at their ( $BAY.V JV) Storm Project on June 6th:
67.1m @ 1.1% Cu
📈up 145% since the announcement
💵Raised A$7.8 million at A$0.14 which ~145% above the announcement price
