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Baystreet.ca - A Junior Miner Might Have Just Kick Started A New Gold Rush In Canada
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Spearmint Resources Inc.: Spearmint Commences Operations on its Perron-East Gold Project in Quebec
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) found something that defied our expectations. The results of their initial drill didn’t just indicate gold …They had stumbled onto signs of something much bigger. Something that countless other miners have been searching for over the last 80 years. A VMS deposit…the holy grail of discoveries. VMS stands for Volcanogenic Massive Sulphide and they contain base metals such as copper, zinc, silver, gold and other minerals. More important, however, is that they’re often among the richest deposits in the world. New VMS-style discoveries have been few and far between over the past decade… Large-cap miners are desperate for finds like these…so it’s even better when a small-cap explorer finds it for them.
A Junior Miner May Have Started A New Canadian Gold Rush
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LONDON, May 27, 2021 /PRNewswire/ The first discovery in this gold patch last year netted investors 7,000% returns. A potential second could net them even more. These are the types of gold plays that come along only once-in-a-lifetime. Mentioned in today s commentary includes:
Barrick Gold Corporation (NYSE: GOLD),
AngloGold Ashanti Limited (NYSE: AU),
Freeport-McMoRan Inc. (NYSE: FCX),
Franco-Nevada Corporation (NYSE: FNV),
Newmont Corporation (NYSE: NEM)
Amex Exploration (AMEX) made the first discovery of high-grade gold discovery last year in its Perron Gold project. Right before that announcement, another small-cap miner,
A Junior Miner May Have Started A New Canadian Gold Rush
The first discovery in this gold patch last year netted investors 7,000% returns. A potential second could net them even more. These are the types of gold plays that come along only once-in-a-lifetime.
Amex Exploration (TSX:AMEX) made the first discovery of high-grade gold discovery last year in its Perron Gold project. Right before that announcement, another small-cap miner,
Starr Peak Mining Ltd. (
most of the land adjacent to Amex. And then it scooped up the nearby past-producing Normetal Mine, which has given the market ~10.1 million tonnes of 2.15% copper, 5.12% zinc, 0.549g/t of gold and 45.25 g/t of silver.
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