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Serra Energy Metals Corp C.SEEM

Alternate Symbol(s):  ESVNF

Serra Energy Metals Corp. is a Canada-based resource exploration company. The Company focuses on the acquisition, exploration, and development of green metal projects. It operates two gold projects, namely the Beaufort and Myrtleford projects located in Victoria, Australia. The Beaufort property is a granted exploration tenement located in the southwest of Victoria, approximately 145 kilometers (km) west of Melbourne. It is approximately 48 km west of the regional town and historic gold mining center of Ballarat. The Myrtleford Project is a granted exploration license located in northeastern Victoria, approximately 290 km northeast of the state capital of Melbourne and approximately 40 km south of Victoria. The license consists of a single contiguous parcel covering 418 square kilometers (km2). The Exploration License lies within a northwest-trending belt of alluvial and hard rock gold mines that collectively produce mostly from alluvial mining, but also from hard rock production.


CSE:SEEM - Post by User

Comment by megacopperon Jun 15, 2021 10:16am
124 Views
Post# 33387776

RE:RE:RE:E79 Resources drills/assays 160.46g/tAu thru 11.1 m.

RE:RE:RE:E79 Resources drills/assays 160.46g/tAu thru 11.1 m.
goldanalyst wrote: Exactly right I noticed that as well....They essentially hit a nugget and then smeared that value over a longer interval....still good hole but the risk is that it will be diffcult to hit more of these kinds of holes....there is no comparison here between E79 and NFG....as the latter have grade over wide intervals....

  • 11.10m @ 160.45 g/t Au from 190.40m downhole including:
    • 0.60m @ 2,430 g/t Au from 190.40m
    • 3.00m @ 126 g/t Au from 198.50m


 

I thought the same and did not buy for that reason but I honestly don't have enough information to make an informed decision with this one. Are there any other drill holes into this gold system? Still great results but perhaps not as great as it appears but I really don't know at this stage of the game and perhaps the company geologists don't know either. But anytime someone gets high grade results like this in a very favourable region with the Fosterville mine nearby you certainly take notice. It gets your attention. I see the stock is halted again. I wonder if it was at the company's request or did the exchange request it? Does anyone know how far away the Fosterville mine is to this project? Is it in similar rock formation. Sorry for all the questions but I'm in the dark on this one. 

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