Lebed Pump Sent TodayI am pleased to announce Linear Metals (TSX: LRM) as my new huge TSX silver/gold pick, currently just
.29!
As you know, my latest stock to watch was a TSX silver company Silvermex Resources (TSX Venture: SMR) on September 20th at
.455 and it hit a high yesterday of
.70 for a gain of 54%!
LRM just announced after the close yesterday the discovery of a potentially major extension to their Mina Porfido fault structure, now continuing through several newly discovered historical workings and new surface showings to over 500 metres ("m") in length (open), and averaging 3 to 4 m in width!
Samples of the new occurrences have been submitted to the laboratory, but LRM's previous samples of the Porfido and Midway workings returned significant silver ("Ag") (59.5 to 1745 g/t), lead ("Pb") (1.2 to 17.4%), and zinc ("Zn") (0.15 to 30% overlimit), with consistently enriched gold ("Au") (0.10 to 0.68 g/t) and molybdenum ("Mo") (0.012 to 0.025%) from various grabs and chips of the highly oxidized samples.
The Mina La Morena structure is sub-parallel to the Mina Porfido structure, located approximately 200 m to the NE, and similarly has also been extended through discovery of additional old workings, to approximately 225 m in length (open). Although not as enriched in Au and Mo as the Porfido structure (Au and Mo contents appear to increase towards the main NW trending structure), previous LRM sampling of the oxide workings has returned significant silver and lead (e.g. 402 g/t Ag and 10.5% Pb over 2.5 m chip). Both structures are located within, and partially explain, the strong Zn-Pb soil anomaly previously reported.
The Pb-Zn-Ag mineralized structures described above are located NW of the near-surface manto-style Pb-Zn-Ag mineralization in the Mina El Refugio and Mina Sur area. LRM recently received the final IP inversions for the Refugio grid area, and these historical workings are underlain by a large chargeability anomaly, starting at presumed base of oxidation (B.Ox.) depths of 50 to 100 m. The anomaly appears to continue the NE trend of the Diana Grid anomaly, varying in width from approximately 350 to 500 m, along an open strike length of 700 m. Whether due to an oxidation effect or not, the depth of the anomaly corresponds generally to the presumed La Pena-Cupido formational contact depth, as it does beneath the Diana Grid, albeit there at great depth. This formational contact is a prime regional target for Carbonate Replacement Deposits (CRDs) in northern Mexico.
LRM only has about 53 million shares outstanding giving it a market cap at
.29 of just $15.37 million!
This is the lowest market cap silver play on the TSX I have ever announced!
As you know, my #1 pick for 2010 Great Panther Silver (TSX: GPR) hit a new 52-week high yesterday of $2.10 up 139% since I announced it as my #1 pick for 2010 on January 1st at
.88!
First Majestic Silver (TSX: FR) hit a new 52-week high yesterday of $11.79 up 190% since I announced it as one of my top 10 picks for 2010 on January 1st at $4.07 and up 441% since I made it my stock to watch on February 19th, 2009, at $2.18!
Revett Minerals (TSX: RVM) hit a new 52-week high yesterday of
.74 up 111% since I announced it as my stock to watch with a speculative rating of 1, my highest level of confidence, on March 5th at
.35!
Dynacor Gold Mines Inc (TSX: DNG) hit a new 52-week high last week of $1.78 up 536% since I made it my stock to watch on February 19th, 2009, at
.28!
Copper Mountain Mining (TSX: CUM) hit a new 52-week high this month of $5.04 up 288% since I announced it as my big pick on August 21st, 2009, at $1.30 and up 271% from its opening price on August 24th, 2009, of $1.36!
Be sure to start your research on LRM immediately!
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My firm Lebed Biz LLC has been compensated by a third-party (Chloe Company) $20,000 cash for a one-month LRM investor relations contract. My firm Lebed Biz LLC was compensated by a third-party (B&D Capital Partners) $20,000 cash for a one-month GPR investor relations contract which has since expired. We could potentially be compensated more for providing investor relations services regarding GPR in the future, although no agreements have been made at this time. My firm Lebed Biz LLC was compensated by a third-party (B&D Capital Partners) $20,000 cash for a one-month CUM investor relations contract which has since expired. We could potentially be compensated more for providing investor relations services regarding CUM in the future, although no agreements have been made at this time. Never invest into a stock we discuss unless you can afford to lose your entire investment. For our full disclaimer go to:
www.lebed.biz/disclaimer.htmJonathan Lebed
Lebed.biz
Staff