Kramer Hills Gold Project Now Acquired Gold and copper have been commodities that have quietly been on the rise as many people are over-focusing on things such as oil and lithium. However, gold has reached the $2,000 USD mark for the third time since the beginning of the pandemic as banking risks and inflation continue to remain high, making it the perfect environment for gold mining companies. Additionally, copper’s increased demand from the EV and renewable transition has helped it form a stable demand base as supply remains tight.
ZACA is a company focused on exploring both gold and copper properties across the US. Most recently, they’ve just acquired the Kramer Hills oxide gold project, which is centred on the past producing Shaharald oxide gold mine.
- Historical resources include five near-surface open pit oxide gold deposits that contained approximately 7.5M tons at reported grades of 1.65 g/t gold for 375,000 ounces of oxide gold at a stripping ratio of 0.55:1.
- The total project size includes the claims at the mine and 634 surrounding claims spanning 5,200 hectares.
- Historical drill results have also found grades of up to 8.6 g/t over 19.5m just 9.14m below the surface, representing the significant potential for high-grade discoveries.
https://ca.finance.yahoo.com/news/zacapa-acquires-kramer-hills-oxide-110000726.html
With the new CEO appointed in March, development should begin to accelerate soon. And with multiple projects having historical production and exploration alongside the experienced management team, the current $5M market cap could see a lot of growth as they continue to explore the properties.