While we wait for fall drilling to resumeI thought I'd put this junior on your collective radars.
CEM is currently drilling with partner Dowa Metals (Japan), a VMS deposit rich in copper, zinc, with precious metal bi-products. They're in year 4 of their campaaign and have spent $20 million + to date. This year's campaign cosnsists of 7000m drilling. They jus treleased their first 4 holes, and the grades are best to date, which will add to their tonnage quickly. They need to upgrade the resource in order for this to go in production, but the stars are aligned as the Japanese gov't has commited to funding the development of the mine, so financing isn't an issue. They also just sold off 10% of their precious metals holdings in Ontario, for $5 million, so no new share dilution coming down the pike.
Stock is now trading higher volumes, at a 52 week high, and they just also drilled a rich silver vein adjacent to the VMS copper signature. Alaska is know to host the largest silver deposits and copper/zinc VMS signatures. CEM IS ONTO ONE!!
John Tognetti/Haywood Securities was buying right before this last news release, adding 1 million shares and is approaching the 19.9% max holding.
For those who aren't aware, Tognetti is also invested in AZM (Eleonore district) and holds 10%+, which for me speaks volumes.
I think we have a 1-2$ in the making this season, and perhaps more.
Keep in on your radar fellas and GLTA SOI, AZM, CEM longs!
ttps://ceo.ca/@newsfile/constantine-reports-new-silver-gold-discovery-at-nunatak