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The four C’s: Coca, Coffee, Copper and CuOro?
On this week’s edition of the Junior Report I have another great copper company that is oozing with blue sky potential, that company is CuOro Resources (CUA:V).
CuOro is located in Colombia, a land known mostly for its coffee production - that is until NOW.
Spotless Corporate Structure           
Never have I seen Junior Exploration Company that has all the keys needed to successfully transform into a producing mining company until I came across CuOro Resources.
Key Facts that set CuOro Apart from the rest:
v VERY high insider ownership
v Grade A management team
v Excellent share structure
v 2 World class properties
v Blue Sky Potential
v Ability to raise capital on a dime
v Excellent Infrastructure
The Company has about ~30M Share issued and outstanding, of which management and insiders own ~35% and Hudbay Minerals (HBM:TSX) owns and additional 13%. By my calculations I would estimate the public float to be around ~15 million shares.
Santa Elena is the company’s flagship property and is located 140km NE of Medellin in the prolific Antioquia Batholith district. The area has great infrastructure and with the Colombian governments dedication and support to the mining sector; I am sure they will be willing to capitalize further on development if necessary.
Currently, there is paved road access directly to site, three hydroelectric dams located within 5km of the property as well as a power switching station within 3km.
The management team has a great mix of technical, corporate, and political expertise. Persons of interests include Robert Sedgemore, Jorge Alberto Uribe, and Dave Doherty.
With excellent drill results we can see this company moving hard, strong and fast. CuOro is the envy of many other mining company on the venture exchange today.
The Colombian Connection
CuOro Resources is an exploration company that is located in the most underexplored and prospective country in South America. Until the Santos administration came to power, Colombia was a country riddled with drugs, violence and cocaine related crimes. President Juan Manuel Santos has single handedly cleaned up the country and made it a great place to invest. The fact that CuOro has Jorge Alberto Uribe, the former minister of defense and now a very prominent business man, on its board makes it an even better reason to pull the trigger and buy.
There has been a large influx in Oil and Gas investments in Colombia, for example; (GTE:TSX) ,(CNE:TSX}, (BOE.V). The Colombian Government has been very supportive of this sector and responsible for much of the growth. Mineral exploration companies will be following suit and CuOro has first mover status.
CuOro currently has two world-class properties, Santa Elena and Barranco De Loba. CuOro is in the middle of an aggressive and fully financed 27,000m drill program at Santa Elena.
Santa Elena… What will Santa Claus bring CuOro investors this Christmas?
CuOro is currently drilling 27,000m this winter at the Santa Elena project. To date, over 19 holes (4000m) have already been drilled of which only 6 holes have been released. If everything goes according to plan investors should have a very merry Christmas this year.
Significant Initial Drill Results: 
·      SE-DDH-5: 40 meters of 2.8% Cu including 10 meters of 5.32% Cu
·      SE-DDH-4: 9 meters of 3.14% Cu including 1.6 meters of 11.56% Cu
·      SE-DDH-2: 46.8 meters of 1.76% Cu including 29.5 meters of 2.3% Cu
 
Hole ID
Azimuth
Dip
Total
Intercept 
Interval
 
 
 
 
 
(degrees)
(degrees)
Depth (m)
From (m)
To      (m)
(meters)
Cu %
Au (g/t)
Ag (g/t)
Zn (%)
SE-DDH-1
190
-60
54.5
38.2
48.5
10.3
1.52
0.05
3.4
0.13
including
 
 
 
43.2
48.5
5.3
2.42
0.09
5.4
0.21
SE-DDH-2
190
-75
164.4
62.5
109.3
46.8
1.76
0.09
4.6
0.21
including
 
 
 
71
92
21
2.87
0.18
6.7
0.37
SE-DDH-3
0
-90
186.75
50
80.5
30.5
0.54
0.05
2.4
0.12
including
 
 
 
50
65
15
0.84
0.09
4.4
0.16
SE-DDH-4
100
-45
36
15
24
9
3.14
0.29
21.4
0.08
including
 
 
 
15
16.6
1.6
11.6
0.02
1.8
0.15
SE-DDH-5
100
-60
248.6
26.15
66.15
40
2.28
0.16
5.9
0.99
including
 
 
 
28.15
58.15
30
2.87
0.21
7.1
1.21
SE-DDH-6
10
-45
191.5
18.3
58.3
40
1.1
0.13
4.4
0.23
including
 
 
 
18.3
35.3
17
2.27
0.3
9.6
0.5
 
 
In my opinion the initial drilling has gone extremely well and there have been some significant intercepts over long lengths.
The IP and TEM geophysical surveys have identified new large anomalies both on the North and on the South end of the property. I would expect future drill results to be very favorable. The Santa Elena project is going to be a game changer.
Knapp Tunnel
•               The Knapp tunnel is a historic Artisanal mining tunnel. Chip sampling has brought back very high copper grades with the best individual result returning 5.14% Cu, 0.23% Zn, 0.24 g/t Au, and 23.0 g/t Ag over 1 meter width.
•               The main fact to take away from the Knapp tunnel is that is has identified high grade mineralization at depth and 300m along strike from the main focus of the current drill program, TEM1.
 
Barranco De Loba… The icing on the cake?
Exploration companies all over the globe have flagship projects that have 1/5 of the potential of Barranco. The Barranco De Loba property surrounds a small gold mining co-op that has three veins with grades up to 300 g/t gold. The cutoff at the mill is a mind boggling 15 g/t. The three main veins from the Gloria Mine continue onto and through the Barranco De Loba Property. In the future when CuOro decides to drill the property I expect them to define a large gold resource.
Preliminary geological mapping over 45Km2 on the property has identified over 26 vein structures to date with values up to 52.4 g/t Au and 242 g/t Ag and widths over 6m. I think with 26 vein structures, clearly there is some sort of major system running through the property. The project hosts swarms of mineralized veins and veinlet’s which usually suggest that there is some sort of larger style disseminated or intruded porphyry style system. On this property there is also a lot of Artisanal mining activity, currently there are over 1500 miners on the site!
The Gloria Mine is located right next to the Barranco Property and they are mining out about 2,600 oz of gold a month. The cutoff rate is a mind-boggling 15 g/t. There is incredibly high-grade waste that can be mined by just placing a modern and more efficient recovery system! This area is LITTERED in gold, three veins from the Gloria mine continue onto the Barranco De Loba property.
In conclusion I think that CuOro is a great play to put your money into, it will provide you higher returns then most juniors. Just remember at the end of the day you aren’t really taking any risk because this thing pretty much trades at cash value! I think this company will do very well in the future; there will be tons of news flow on tap for the upcoming year with assay results from the drill program, NI reports, and later on you have the PEA and the rest is history. This is an easy 10 bagger. Back those trucks up, Load the boat and stock up on this one.
For further information feel free to call Brett Allan at Apex Capital 416 907 4148 or send him an email at ballan@apexcapital.com. You can also send me an email at balraj@juniorreport.com. Click here for the corporate presentation