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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 Sep 13, 2022 2:37pm
96 Views
Post# 34960042

High Potential as Phase 2 Continues

High Potential as Phase 2 Continues
Inflation numbers came in at 8.3% this morning, and commodities had a slight selloff due to rate hike expectations. However, due to the current state of the economy, many are predicting there to be a short squeeze as some commodities like silver are in extremely undervalued territory.
 
Now, a company I’ve been looking at to take advantage of the current macro environment is $SAG.V. It’s a diversified exploration company focusing mainly on silver with interest in metals such as copper, zinc, and antimony, which are all present at the Sail Pond Project. The recent corporate update went over a few key things for the future of the company as well.
 
- Launched the phase 2 program with over $7M in working capital, raising over $4.8M this year. This means that they’re fully funded for any exploration.
- Currently drilling the fifth zone along the 12km trend and are looking to expand the previous phase 1 results.
- Delayed by the first assay results as SGS Labs is behind schedule.
 
https://ca.finance.yahoo.com/news/sterling-metals-provides-shareholders-123000532.html
 
Considering these developments and the 40% insider/institutional ownership, there’s significant room for the company to grow as they continue its promising exploration efforts. Only a $20M market cap here and with grades up to 4,414 g/t AgEq, I’m looking to see what the 5,500m phase 2 program can bring us due to the extremely strong past results.
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