SEK in Juniorminers.com In this article, I'm going to present to you a company called Secova Metals Corp., which is a small gold junior that is active in exploring a gold property in Quebec called the Duvay-Chenier Gold Project and, at the same time, hopefully I can show you how is pays to dig a bit deeper for valuable information so in the future you, as an investor, will be able to make a sound investment decision. First some key facts and information about Secova Metals.
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Secova Metals Corp. has it's office in Vancouver, BC, and at this time there are three key personnel in charge. Mr. Bradley Kitchen serves as Chairman and C.E.O., Mr. Morgan Good serves as President and Director, and Mr. Pierre-Jean Lafleur serves as the companies geological engineer as well as Director.
Mr. Morgan Good who serves as President, has close to 11 years experience as a stock market professional focusing on areas of corporate development, finance, and investor relations. In 2013, he founded a company called Patriot Capital Corporation to invest in both private and public companies.
In short, Secova has a strong management team with a proven track record.
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The company's main property and project is called the Duvay-Chenier Gold Project. This property is located about an hour's drive north from Val d'Or, Quebec, close to the town of Amos. The property is comprised of 174 claims covering an area of over 7,766 hectares. This property is what is known as a near surface high grade gold exploration project. Secova Metals has the option and rights to earn in a 90% stake in this property. By the way, when we talk about near surface high grade gold, it should be noted that visible gold was discovered at Duvay back in the 1930's, which brings us to another important key in due diligence, and that is, studing and researching the property's history.
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In September 2016, Secova announced that the company had enough information from all the surveys and data compiled and they were going forward with a drill program. This drilling program will start in the fourth quarter of 2016 and will consist of 5,250 meters in 16 holes on 8 different target zones and will be completed in 3 phases.
Phase 1 will be a continuation of geoscientific compilation along with adding information from Chenier claims into a data base. The phase 2 will be the drilling of 5,250 meters in 16 drill holes program to test 8 different targets and phase 3 will be to drill the 5 remaining cigar-shaped anomalies.
Additional Properties
Secova also has another property call the
Jessie Lake property. This property is situated within the Temagami Greenstone Belt, which is part of the Abitibi Greenstone Belt in northeastern Ontario. This property has a number of copper, nickel, and gold occurrences that are similar to the Diadem nickel, copper deposit that is owned by Teck (TSX: TCK) and is located close to the western boundary of the property. In 2015, the company identified several areas of interest and the company has plans to conduct a MAG survey and a followup drilling campaign at a later date.
Conclusion
At the beginning of this article I stressed the key points of digging deep into the information that is available. In this short article, we discovered that the managment has a proven track record of running a successful mine. We also discovered that the company has a property of great merit with a history of old workings, records, and data This is a key point, because it saves the company years of exploration and untold amounts of dollars. We also learned about having quailified people in place as an important key point. People who are knowledgeable and have an understanding of new and cutting edge technology that can be utilized to the fullest measure to save time and money so the right desicions can be made.
Overall Summary
Today there are thousands of junior mining companies to invest in. With the recent rebound in metals and gold in particular, investor's appetite for these kinds of investments have turned positive. Prudent and contrairian investors know all too well that these kind of investments run in cycles. Knowing these cycles there is no doubt that the world has seen the bottom of the bear cycle and the time to look at investing in these types of investments is now. Investors who understand this will be active in evaluating companies and projects that have a lot of positives and this is a catagory that Secova Metals is in.
Here is a quick recap of reasons to have Secova Metals on your watch list.
Management with a proven track record of success
Exploring a gold property with lots of history
Mining property located in mining friendly Quebec
Small float. Tightly held. Insiders own 55%
Non-compliant inferred resource of 500,000 OZ AU
Cash on hand
Drill ready in Q4 2016
Additional property to be evaluated
To find out more about and these projects, Click Here to visit their website. There you will find all an exstensive amount of information along with contact information.
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