As the market continues to sell off, $SAG.V has outperformed all major indices by a significant margin due to the sentiment shift from tech toward commodities, rising inflation, and the recent launch of their 2022 phase 2 exploration campaign at the Sail Pond Project. There are several things to look out for in this campaign.
- 7,500m of drilling (started 2 days ago)
- They’re utilizing this program to further explore the Heimdall zone with 38 targets over a 12km mineralization zone.
- Partnerships with GoldSpot and SRK Consulting have helped $SAG.V generate these targets using a variety of mapping techniques and technology.
- With the maiden drilling showing high-grade results, I'm looking forward to seeing how the results look this time.
https://ca.finance.yahoo.com/news/sterling-metals-launches-2022-exploration-113000370.html
For those who don't know, $SAG.V (Sterling Metals) is a company focusing on creating a high-grade silver project in Canada. Their 100% owned Sail Pond project in Newfoundland has the potential to be a district-scale project because of the various mineralization and deposit zones. With exposure to high-demand metals like copper, silver, zinc, and antimony, there's a focus on capitalizing on industrial and green energy growth.
Furthermore, 36% of the company is held by big-name investors such as Sprott (7%) and Altius Minerals (13%). Considering the $15.4M valuation and support levels in the $0.30 range, this definitely looks like it has more upside even despite the recent bear market.