Solvista (SVV) drill results Has anyone been watching Solvists (SVV) the last couple weeks?
They are drilling immediately adjacent to CMJ's JV with Teck Resources at Yarumalito. SVV's share price has run from a recent low of 19 cents to a high last week of 59 cents on these drill results.
I am told that SVV's recent drill holes are ~ 1,000 meters from the 100% Yarumalitio property owned by CMJ. It shows the potential that exists with this particular property. From the most recent website presentation, it states drilling will be starting this quarter at this property with Teck. Keep in mind that Teck pays for 100% of all drilling plus plays CMJ a 10% management fee to boot. Talk about a low risk venture to CMJ - this is a great deal with Teck IMO.
Should be drilling on both El Dovio and Yarumalito very soon. Two properties drilling simulataneously with an excellent chance to have discoveries on both projects. They are also still surface outcrop sampling at the high grade Mercedes prospect, so should have periodic results on that one too.
Lots going on here, so should be a very exciting summer on this one!
OF