RI Hot Stocks

Hot Stocks: Sunward Resources titillates with Titiribi

Sunward (TSXV: SWD) is on resourceINTELLIGENCE.net today in the resource estimate section our front page due to an updated resource estimate that increases the GROSS value of the deposit by 80% at recent metals prices. Indicated Resources contain 2.2 million ounces of gold; 3.5 million ounces of gold equivalent. Inferred Resources contain 6.08 million ounces of gold; 7.9 million ounces of gold equivalent. This is a large, low grade system that certainly appears at first glance to hold water.

The Titiribi Project is made up of about seven separate mineralized zones which are not contiguous though they appear to be part of the same geological sequence—a large Miocene-age gold-copper porphyry system, each is spatially separate. These include the Cerro Vetas, Chisperos-Virgen, Candela, Porvenir, Margarita, Rosa and Junta prospects.

The project is near the town of Titiribi, a short drive southwest of the city of Medellin.

The Cerro Vetas zone is key to the project, where mineralization remains open in all directions and at depth. Sunward continues to carry out expansion drilling in the zone. The resource calculation above only accounts for part of the available data. The company has seven more drill holes to add to the resource, which is expected to grow substantially.  In the company’s resource estimate report, Behre Dolbear supports further development drilling at Cerro Vetas, stating that “exploration potential to expand the known resources at Cerro Vetas is excellent.”

CEO Colin Andrew concurs: “Titiribi is emerging as one of the most significant gold projects in the world. Through last year’s drilling, we have managed not only to vastly increase the amount of gold resource but also significantly improve the confidence level for the endowment. Considering that Cerro Vetas and Chisperos-Virgen are only two of several mineralized zones present on the property, Sunward believes there is significant potential to further expand the mineral resources at Titiribi.”

According to company documentation, over 50,000 metres of drilling has been completed at Titiribi to-date, including approximately 14,600 metres completed historically by previous operators, including Gold Fields and Windy Knob Resources, along with more than 40,000 metres completed by Sunward Resources. As of July 2011, Sunward Resources had four drill rigs operating to expand mineralization at the Titiribi project.

The company’s website is at present under construction, but you can find out more at the COMPANY PROFILE; or at Sedar.

Name: Titiribi Project
Metals: Gold, Copper
New.Insitu: $20,282,236,219
Prev.Insitu: $11,278,859,115
Change: 80%
Price: 2.12
52Wk High: 2.21
52Wk Low: 0.85
Mkt Cap: $266,718,765

Hot Stocks: Medoro Resources foreseeing high profit margins

We’re thrilled with the progress Medoro Resouces (TSX:MRS) is making at its Marmato Project in the Marmato region of Columbia. On May 20, the Toronto-based producer announced positive Preliminary Economic Assessment (PEA) results that indicate a cash operating cost of $524 per ounce of gold, net of silver credits. Assuming gold stays at $1,500/oz by the time Medoro goes into production, the company will enjoy profit margins of some $980 per ounce — on gold alone. Read more

Hot Stocks: Armistice Resources on track for production, cash flow

Armistice Resources (TSX: AZ) is on track to becoming a gold producer by Q4 this year. Announced in May, the news caught our attention because when we search for hot stocks, we look for value — and value lies in future cash flows. Not only does this mean that cash flow is imminent for Armistice, it also shows the company has what it takes to transform its gold resources in the ground into tangible and more valuable assets. Read more

Hot Stocks: Eagle Hill Exploration Corp knows how to mine its data

What does one do with $25-million worth of exploration data on a recently-acquired property? Mine it for information, of course. And that is exactly what Eagle Hill Exploration (TSX.V: EAG) did when it purchased its premier Windfall Lake Property in September 2009. Read more

Hot Stocks: Rio Alto transforms from explorer to producer

Vancouver-based Rio Alto Mining (TSX.V:RIO) has officially transformed itself from a gold explorer to a gold producer. To us, this signals the company’s commitment to turning reserves into cash. When looking for hot stocks, we can’t emphasize enough the importance of access to cash flow. Read more

Hot Stocks: Brazilian Gold sweetens the pot with PEA

Hot Stocks: Meadow Bay Gold Corp resurrecting Nevada’s Atlanta Gold Mine

At this point in the development curve, we see a lot of opportunities in Meadow Bay Gold Corp (TSX.V:MAY).  The company is aggressively developing its primary asset, the Atlanta Gold Mine in Nevada, with a view to start production in two to three years. Read: it has near-term potential for cash flow.  Read more

Hot Stocks: Metanor Resources fast becoming a mid-tier player

We like cash, but we love exploration companies that have cash flow. Canadian gold mining company Metanor Resources (TSX.V:MTO) not only has six, highly-prospective gold properties — five in Quebec and one in Ontario —  but it also has the funds to help transform the company into a mid-tier gold producer. Read more

Hot Stocks: Apella Resources ahead of curve with vanadium

Although 90 per cent of vanadium supply is used in high-quality steel production, there is one growing area where it could see increased demand: energy storage and green technology.

Vanadium is primarily used as a steel-strengthening additive.

CPM Group research analyst, Doug Horn, told us last February that the vanadium market will tighten progressively in the coming years and as a result, strong prices can be expected in reaction to the underlying market fundamentals. One company listed in the TSX-Venture that stands to benefit from this is Apella Resources, a Canadian exploration company that’s leading the way in vanadium exploration in Quebec.  Read more

Hot Stocks: No end in sight at BonTerra Resources deposit

The stream of impressive assay results from BonTerra Resources’ (TSX.V:BTR) ongoing drill program is catching people’s attention. Over the past six months, BonTerra has outlined some stunning gold assays on their wholly owned Eastern Extension property in Quebec’s Abitibi Greenstone Belt, including their highest gold assay to date at 114 g/t gold (0.70 metres). Other notable assays include 13 metres of 7 g/t gold and 17.06 g/t over 13.5 metres. With numbers like this, the company also continues to intercept gold at depths greater than 300 metres. Read more

Hot Stocks: Cash flow imminent at Orvana Minerals new, six-million-tonne deposit

Orvana Mineral’s (TSX:ORV) share-price increase of almost 36% over the past six months is giving investors due cause to be excited. The spike is being driven by company expectations to reach a number milestones over the next few months. Read more

Hot Stocks: Matamec Explorations out-grading China in rare earths

The number of companies on the Toronto Stock Exchange working on rare earth projects soared from five to more than 200 in just five years, confirming how hot the rare earths space has become. Among the junior exploration players, one that caught our attention was Matamec Explorations (TSX.V:MAT), which is focused on its Zeus property in the Temiscamingue region of Quebec. Read more

Hot Stocks: Niogold entrenched in prolific gold belt

News that Toronto-based Northern Securities has given Niogold Mining (TSX.V: NOX) a buy rating, with 12-month target price of $0.85 per share, prompted us to revisit this gold exploration company after last speaking of it in February. In Northern Quebec’s most prominent gold mining region, the Abitibi Greenstone belt, Niogold holds extensive land holdings, the Malartic, Cadillac and Val-d’Or gold camps. Read more

Hot Stocks: American Manganese recharging the battery market

Can you make steel without manganese? No, you can’t, which is why we share the enthusiasm of Larry Reaugh, president and CEO of American Manganese Inc (TSX.V:AMY), about the company’s Artillery Peak manganese project in Arizona. Read more

Hot Stocks: Lithium Americas advancing world’s third-largest deposit

Rising lithium prices, increasing demand and a small number of producers point to the strong market fundamentals that put lithium exploration and mining companies in good stead. One such company that caught our attention recently is Lithium Americas (TSX:LAC), which announced attractive PEA highlights on May 4. Read more

Hot Stocks: Colt Resources proving up Portugal gold resources

Colt Resources Inc (TSX.V:GTP) entered our radar via the news on May 6 that equity research firm Laurentian Bank Securities has given it a buy rating, with a price target of $1.30. It currently trades at 70 cents per share on the TSX-Venture.  This Canadian exploration company is focused on its five projects in Portugal, including the advanced-stage Montemor gold deposit. Read more

Hot Stocks: Dynacor Gold Mines, immune from dilution?

Dynacor Gold Mines (TSX:DNG) has a business model that we find very appealing. One of the biggest risks junior exploration companies face is stock dilution, but it is one risk from which this Peru-focused exploration company is largely immune. Why? It has a cash cow, a  wholly-owned gold milling plant that generates the cash flow it needs for the exploration of its mining properties: Acari, Casaden, and the flagship gold and copper project, Tumipampa.

In 2010, annual gold production from custom milling totalled 33,525 ounces, up 43 per cent from 2009 and surpassing the company’s target of 25,000 to 28,000 ounces. This helped Dynacor end the year in a strong financial position, holding on to $4.1 million in cash and short-term investment, in addition working capital of $4.8 million by the year’s end. This year, the company aims to produce 45,000 ounces from its milling operations and to advance the Tumipampa project, where a 16,700-metre drilling campaign is ongoing. 

Tumipampa hosts a recently discovered gold and copper-rich skarn deposit that is more than four kilometres long. The very first intercept of a 30-drill-hole program launched last March discovered 0.73 per cent Cu over 10.6m, including 3.55 per cent Cu, 72.27 g/t Ag and 1.13 g/t Au over 2.18m. These preliminary, yet highly encouraging results at Tumipampa spurred Dynacor to aggressively pursue its 16,700-meter drilling campaign through the following months.

“We are very optimistic for 2011 based on Dynacor’s robust business model of generating cash flow from its growing custom milling business… the Tumipampa drilling campaign is in full motion and drill results will be released on an on-going basis throughout 2011,” said Jean Martineau, president and CEO of Dynacor.

Evaluate Dynacor’s values and projects here.

This presentation may contain forward-looking statements including but not limited to comments regarding the timing and content of upcoming work programs, geological interpretations, receipt of property titles, potential mineral recovery processes, etc. Forward-looking statements address future events and conditions and therefore involve inherent risks and uncertainties. Actual results may differ materially from those currently anticipated in such statements. The Issuer relies upon litigation protection for forward-looking statements. This piece is for information purposes only and is not a recommendation to buy or sell any securities.

 

 

 

Hot Stocks: Midlands Minerals reopens Sian pit mines

There are hundreds of undervalued junior exploration companies out there, and amongst them is the exciting story of Midlands Minerals Corp (TSX.V:MEX). This TSX-Venture-listed exploration company  has highly prospective properties in Ghana and Tanzania, including its full-permitted, 600,000 ounce flagship gold project, Sian/Praso. Read more

Hot Stocks: Mineral Mountain explores three world-class projects

In the junior mining world, Nelson W. Baker’s track record speaks for itself. He was responsible for bringing the Rainy River project to Rainy River Resources Ltd in 2005, which he grew from a grassroots exploration property to a project with roughly 4 million ounces in total gold resources, until his retirement as president and CEO in June 2009. (Today the project has a resource of 6.6 million ounces.) His stellar reputation convinces us that Mineral Mountain Resources Ltd (TSX.V:MMV), which he now leads as president and CEO, is a stock to watch. Read more

Hot Stocks: Pele Mountain Resources advancing development at Eco Ridge

With prices of rare-earth elements taking off and REE fundamentals looking robust, companies in the REE space could be in for more exciting times ahead. Among the companies with promising growth potential is Pele Mountain Resources, a Toronto-headquartered explorer and developer focused on developing its 100-percent-owned Eco Ridge Mine Rare Earths and Uranium Project. Eco Ridge is one of very few North American deposits with NI 43-101 compliant rare earth oxide (REO) resources. It is located in Elliot Lake, the only Canadian mining camp to have ever achieved commercial REO production.

Read more

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