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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 AlwaysLong683on Aug 23, 2021 11:20am
84 Views
Post# 33748341

RE:Now that they are drilling tight to the high grade hole...

RE:Now that they are drilling tight to the high grade hole...War, like I mentioned in my last post, an alternative theory would be that they had to cease drilling operations shortly after their Aug. 9 PR because of a lockdown in Victoria.

If this is the case, I think stating as much in a new PR would actually help the share price and calm any investor anxiety.


In their last go-around:

March 29 PR: started drilling at Happy Valley

April 6 PR: reported VG in hole HVD002

April 27 PR: reported VG in hole HVD003.


This time:

Aug. 9 PR: Phase 2 Drilling underway.


No PR issued since, so either early drilling has not produced VG of any significance, or, like I stated, drilling operations may have been stopped.

If it`s the former, they`re just doing what other gold explorers do - not mentioning lack of VG if the don`t see it, and waiting for assay results to come back from the lab (which could take a couple of months or more).

We shall see.




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