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Sterling Metals Corp V.SAG

Alternate Symbol(s):  SAGGF

Sterling Metals Corp. is a Canada-based mineral exploration company. The Company’s principal business activity is the exploration and development of resource properties. The Company is advancing the 24,000-hectare Copper Road Project in Ontario which has past production, and multiple breccia and porphyry targets strategically located near robust infrastructure and the 29,000-hectare Adeline Project in Labrador which covers an entire sediment-hosted copper belt with significant silver credits. The Copper Road Project is located in Batchewana Bay, Ontario, which has a package hosting two past-producing copper mines, the Tribag Mine and the Coppercorp Mine, and the Project has several confirmed zones of mineralization, with each zone containing multiple under-explored mineralized breccia pipes. The Adeline Project is located in the prolific Central Mineral Belt in Labrador, Canada. The Company’s Sail Pond project is located on Newfoundland’s Great Northern Peninsula, eastern Canada.


TSXV:SAG - Post by User

Post by Justdosomeddon Jun 21, 2022 2:22pm
118 Views
Post# 34771951

Cashed Up and Drilling - $SAG.V

Cashed Up and Drilling - $SAG.V
Fantastic day for $SAG.V, up 10.3% so far. As drilling commences on the Sail Pond Project, I'll do a quick overview of the project and what we should expect to come from the ongoing 7,500m phase 2 drill campaign.
 
- $SAG.V is hoping to build off the recent discovery of the Heimdall Zone to discover further signs of mineralization.
- They’ve generated 38 priority targets along the 12km mineralized corridor.
- The project is host to high-grade silver, copper, lead and zinc prospects, with the 12km anomaly host to up to 657g/t silver and 0.68% copper.
- The 13,500 Ha property is also easily accessible by a series of paved highways, forest access roads and is within 32km of the St. Anthony Regional Airport.
 
With the drilling now underway, results should be coming very soon. The recent $1.8M and $3M raise should help the company fund the exploration with lots leftover (total working capital sits around $7M at the moment). The $4.8M raised within a month really shows the potential of the Sail Pond Project and how investor sentiment is still strong with this company, unlike many others.
 
Plus, as silver prices stabilize above $21 USD/Oz due to uncertainty around inflation and the dollar’s strength, $SAG.V is well-positioned to take advantage of the current situation. As the stock continues to well outperform the market combined with the extremely solid cash position, it's definitely a company to keep a close eye on as the uptrend continues to build strength and higher support levels form.
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