RE: RE: Fundamentals?Just that pretty much all the posts today have focussed on the technical aspects (the voodoo charts) of the current activity. No one has really discussed SXL's Nash deposit or any of their basket of gold and base metal properties. See below.
Nash Creek: SXL's flagship deposit hosts NI 43 1010 7.8 million tonnes (indicated) of 2.72% zinc, 0.55% lead and 18g silver with an additional inferred
resource of 1.2 million tonnes of 2.66 % zinc, 0.52% lead and 18 g silver worth approximately $500,000,000 (and now rare earths). SXL's market cap...under $4 million
Deposit remains open. Best of all it is shallow, can be open pit mined and has hydro, rail and highways all crossing it. 2 mills also 90 kms away and a nearby seaport.
Costigan - base metal property in NB. Intersections of 4-25 m and grades ranging 3-9% zinc. Similar to Nash.
Nepisiguit - last intersection was 11m of 6% zinc, 0.8% lead, 0.2% copper and 31 g silver
TSN - new discovery - zinc, lead, copper, cobalt, silver and gold values; still in early stages
Ontario Gold properties:
Reserve Creek - intersections up to 9m and 25g gold per tonne
Keezhik- new zone discovered last year - up to 6 g gold per tonne
Opikeigan - past drill results up to 30 g over 1.5 m; Fort Hope Gold Mine is part of this property where a past historic mini bulk sample yielded 8 ozs. gold per ton
Jake Lee - NB gold property; boulder sampling yielded up to 10 ozs gold per tonne in grab samples